Eat The Rich!

I don’t need to answer your questions lol. I have a bachelors in finance. Do you?

Billionaires pay way less than poor people who end up paying 25-50% of income in taxes or fees. And we can do net worth taxes. Why focus on income.

I’ll take a guess it’s because income it’s the actual money u have in your hand to play with ?
What do I care if my house or stocks goes up ?
It ain’t money I actually have to spend , unless I used them as collateral to borrow but we go back on taxing debt which would be absurd right ?

Pretty much why I would strongly focus on banning share options as wages …

Not in the USA lol no.

And in the USA you have to focus on income because th CONSTITUTION OF THE USA doesn't allow for any federal wealth tax at all.

As for unrealized capital gains, Moore vs USA is pending and will answer about the constitutionality of that.

Donkey goldfish, your contention, which was demonstrably false, is that if billionaires paid the same % as everyone else, it would cover what everyone else pays. And I'd fire whoever gave you a bachelors in finance for gross incompetence.

I saw a video clip that had been spliced so Warren said that

I clearly adjusted my stance in less than a few posts , and billionaires own the vast majority of the wealth in the Us. Unless you think companies open/manage and own themselves.

Also buffet and everyone else with a brain said it’s indisputable that billionaires pay less and taxes than everyone else. Google it.

Do you understand what a publicly traded company is? Read 57 on red's post about who owns the majority of stocks in publicly traded companies.

I didn't dispute this.

I’ll post links

Bro I have a finance degree I’m not answering dumb questions. Do you have a finance degree? Do you have a mentor with an MBA from Yale?

No they don't. Billionaires own something like 3% of american wealth. 5.5 trillions out of like 160+ trillions.

You might be confused about the fact that there are a ton of households worth "only" 10, 30, 70, 150, 370 millions who aren't billionaires and among them, people owning from 10m to 1 billion own more than people owning more than one billion.

Then there are hundreds of thousands of households owning from 1m to 10m. They are legion.

You don't have a ****ing clue at all about the topic man. Just drop it admitting you have no idea at all

Ok that’s enough guys. Thanks.

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You understand that the statements "60% of my wealth is in stocks of publicly traded companies" and "60% of publicly traded companies belong to me" mean different things, right?

I could be wrong. I don’t think it changes that billionaires aren’t contributing and are short changing us by life changing amounts. Taxing them properly alleviates 100% of our tax burden or 40%, I don’t think that’s on a difference of magnitude that’s worth nit picking about.

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Zucman is a radical leftist extremist who worked with Warren to lay out the fully unconstitutional wealth tax proposal, and then moved to become counsel to criminal Lula in Brazil, he is worse than trash because he is a toxic person who no decent human being respects basically.

Even quoting him without lolling is already a choice that makes you a pariah among normal, decent (IE non Marxist) people.

We are talking the bottom of the
Barrell of trash really, the worst of the worst currently circulating wrt economic proposals and thesis. The joke of people over cocktails.

Btw unrealized capital gains aren't taxed in almost every country in the world, it is not a special American provision.

I think what pointless means is as house prices goes up , taxed on real estate goes up regardless if the income is going up or not from the owners.
Now should owning stock be taxed yearly like real estate ?
Is that it PW ?

https://www.statista.com/statistics/2039...

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If you change taxes they change behavior, they don't do the same things if you change the rule.

For example they might just change citizenship

That’s not how it works in most of Us.

You pay taxes based on what you got your house at or something.

I could be wrong.

We should do it how we had it before. Income over like X amount is taxed at 100%. We can do the same thing with net worth.

You have $20 billion! You’re an American hero, everything else you make we are gonna take. You literally don’t need it.

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People who don't own anything don't own anything.

Water boils at 100 Celsius.

PW is a bad poster

The 1% in the USA is more than 3 million people, it isn't only billionaires who are less than 800 people jfc.

The 1% is all the decent people, those who make America special and great, different and better

Those people that dont own anything pay more in taxes than the people that own everything

There's also a fundamental misunderstanding about who is in the top 10%. It's not the same people every year. Many people have been both in the top 10% and the bottom 10% of earners at some point in their lifetime.

No they don't, they actually often receive more than what they pay for, most of them are net takers of other people taxes.

IE if they die tomorrow the state budget gets better

Data says you’re wrong. Feel feel to Google it or go to university and get a real education

I’m not a professor. I’m not going to be the best at teaching you things.

Also “often” doesn’t mean that my statement doesn’t work. You can often have people benefit the economy by dying and still have the poor people paying more than the rich relative to what they earn

It’s exhausting having to correct your issues w basic things and I mean that with the utmost respect.

PW, out of respect for Crossnerd I will keep this civil and humbly suggest that you are in no position to be casting aspersions on others' lack of education or knowledge.