i am not a billionaire. and neither are you, faggot. so why do fucking plebs vote against their own economic interests? affordability, gas prices, rent skyrocketing... and we don't tax billionaires who have more money than they know what to do with?that i pay more in taxes than they do?the sooner i can start chopping heads of rich people the better.
Because I don't want them to come to my state when they flee California taxes
>>545977985It causes a money flight.Now if you were intentionally doing it to force Billionaires out of your political system that is kind of based.
>>545977985>i pay more in taxes than they do?Post pics of your W-2 with timestamp. What do you do for work and how much taxes did you pay this year?
>>545977985>so why do fucking plebs vote against their own economic interests? affordability, gas prices, rent skyrocketing.Lmfao why do you think a billionaire tax is going to pay for that? The math doesn't work out.You retards complain about the cost of living yet refuse to stop supporting inflation and central banking.You wanted this to happen
>>545977985>Implying I know what's in your best interest better than you do>If we tax billionaires more then somehow that effects me by putting $0 in my pocketYou're such a fucking moron and these talking points are not even yours, you're a parrot.
>>545977985Even if you did it billionaires aren't trees. They'll just move out of the country. Also are you one of those retards who think they go to an atm and it says 1 billion dollars? They are asset rich not money rich. Raising corporate taxes would be a more effective way to tax billionaires but they will be spiteful and screw everyone else in the company because of it.Just behead the scumbags and do business with the ones that will comply
>>545977985>propose a "one time" tax on "billionaires"Because no one buys that shit. It's was right there on the same ballot as >indefinitely extend the top marginal tax rates (ranging from 10.3% to 12.3%) set to expire in 2031 on single filers earning at least $361,000 or joint filers earning at least $721,000 We knew it won't be one time. We know it won't be limited to billionaires. And we we know that the moment they're allowed to tax "wealth" meaning unrealized gains, that they'll start treating everyone's savings as their piggybank.
>>545978619>they'll moveThat's why these retarded blue shitholes have been trying to pass "exit taxes" so they can rob people fleeing to even other states.
If you think that taxes are so great, come to Brazil! we have european level taxes and a third world level economy. everything costs double of what it should because everything is taxed out the ass and they want to add even more taxes next year.
>>545977985We need to make the wealth tax in all 50 states, and territories. Moreover, there should be a 100% exit tax if these scheming kikes try to flee to israel or some tax haven. The money collected from the wealth tax should be put into a fund for mothers of White children.
>>545978512>They are asset rich not money rich. Raising corporate taxes would be a more effective way to tax billionaires but they will be spiteful and screw everyone else in the company because of it.ThisThey keep 99.99% of their money tied up in assets. For living expenses, they borrow against the assets and just pay interest on their debt every year. The amount on assets they are converting to cash every year is a very small part of their networth. They're also borrowing at a risk free rate. The interest on their debt is less than the interest on a US treasury. So the more money they borrow, the more money they can make.You will rarely see them just cash out billions in assets. Capital gains taxes would rape them.You can have someone that's a billionaire, but his income is less than $10m a year. This billionaire would be obscenely low taxes.They don't even let the dividend yield they make get hit as income. They keep dividend paying assets in specialised trusts so their dividend yield is never taxed as income. The only income they're taxed on is however much debt they want to pay off in any given year. So if they want to pay off 10m of personal debt in a given year, then they'll get taxed at a 10m income.
>>545977985I'd rather side with successful people than bitter peasants who want me to pay for their bad decisions.
>>545977985People would support taxes on the rich if they believed it would benefit them. The problem is that taxes are either wasted or used against them.
This is your hero by the way OP
>>545978322Kek you retard, more than half the reason this is happening is because the only use of money for billionaires after they buy their epstein islands is to influence politics. Fucking retard.>>545978619Yeah they are jews. Omg we cant solve this welp guess erm we will give up. Go back to sheddit.
Wealth tax means being forced to liquidate assets to pay it. Everyone with wealth retreats
Do people not understand that the federal government is the issuer of the currency?No, the Federal Reserve is not a private bank. It is an agent of Congress, created by an Act of Congress.https://www.youtube.com/watch?v=pex89N9Oqoghttps://www.youtube.com/watch?v=mODnz8DnhCQThe federal government doesn't need to acquire tax revenue before it can spend. Rather, it has to spend before anyone else has money on which to be taxed. This is not true for a state level government like California because California is not the issuer of the currency.
>>545979068I suggest you brush up on your English proficiency ranjesh Did you miss the part about beheading scumbags?
>>545978910That's an interesting plan. How much wealth do you think there is out there to steal and how long do you think that'll stretch in supporting single moms? How many people do you feel we will need to rob and murder before a woman will agree to breed with you?>>545978961Seems like you've just discovered an infinite free money glitch. How much wealth have you built with that system?
>>545978231This has always been the claim, but its also never happened. Its as much a fiction as 'trickle down economics' is. The threat of holding your breath so long that you'll die from it to try and force your parents into buying you more ice cream.
>>545979760Fair enough.
>>545977985billionaires are /ourguys/, if you dont stand with based billionaires then youre not pol and you have to go back
The best way to tax billionaires is corporate taxes,the thing is, corporations will pass corporate tax losses onto their customers. So there is a big trade off there.Trump lowered the corporate tax from 30% to 20% though lolIf you tax income, billionaires will minimise anything that counts as "income". This isn't hard to do. They're always going to keep almost all of their money tied up in assets. You can try and close up all the loopholes and billionaires will still be able to avoid most "income" taxesIt's very hard to tax billionaires without resorting to a wealth taxand if you resort to a wealth tax that would put selling pressure on the stock market because wealthy people would have to liquidate assets to pay taxes. The stock market wouldn't go up as much.It's a hard problem to solve without fucking shit up. I don't even know how it could be done.
>>545980094I think the first part of solving it is recognizing and internalizing where money comes from and it's not from billionaires. The money unit comes from the government.
>>545980094And not only would a wealth tax introduce selling pressure.If you have wealth taxes,and the economy enters a bear market. None of these billionaires are going to want to sell. But they'd be forced to sell during a bear market. So this would create more selling pressure in a bear market, and they're selling assets to pay the wealth tax at rock bottom prices.Just think about it. If the stock market crashes,would you want to be selling assets at rock bottom prices to pay taxes?
>>545979067i like him slightly more than i did before now
>>545977985How will threatening to rob a rich guy make anything cheaper? He'll just leave.You won't get cheaper anything unless you oppose:ALL immigrationThe federal reserveDefense spending and make-work wars
https://www.youtube.com/watch?v=XW0TQjabXNA
>>545980423>>545980094And I don't like billionaires anymore than you do.I just don't see a way to tax them without destroying productive capital.I do see ways it could be done with the methods billionaires use currently to avoid income. But they'd just change their behaviour and do it a different way. It would stop working after a few years
>>545977985Because they also want to get rich and don’t want to get taxed.
>>545981075>I just don't see a way to tax them without destroying productive capital.For a while, it will. But you can't perform life saving surgery without cutting open the patient, anon. The billionaires have made the economy revolve around them and their bullshit, so yes the economy will be disrupted at least in the short term if you do anything that fucks with the billionaires. But thats less worse in the long run than doing nothing and continuing to let them parasitize the system to the point to complete failure.Its like housing market corrections. They are supposed to happen on a regular basis, and sometimes you lose money when they do. But trying to pretend that you can avoid a housing market correction forever to avoid that small loss just creates an ever-inflating bubble that when it DOES finally correct will take everyone down with it.
>>545977985Because we want to see it CRASH AND BURN! ACCELERATION BITCH!
>>545977985Please stay in California. You idiotic commie scum fuck.
