Eat The Rich!
KS- Moved a conversation in Mod Thread about taxing the wealthy.
I don’t think you guys understand how numbers work.
If billionaires were taxed at the same rates as everyone else ALL TAXES would be covered by their contribution
Nobody else would have to pay any taxes ever.
It’s not my fault you haven’t taught yourself to understand economics and how large large numbers work
Blowjob healthcare would save the country money.
So would reparations.
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.
What
D2 simple questions, do you have a finance degree? Do you have any degrees? Do you have any semesters spent learning in college or ini?
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.
In aggregate they take our money, they don't give us anything. If they all die tomorrow remaining taxpayers are far better off, that's the accounting objective reality.
Slouching toward 24 hour timeouts, friends
I’m not complaining! Thread is fine as usual
Ty d2. Ofc I could be an idiot with a finance degree but my professors felt otherwise. They could be idiots too ofc but unlikely. Yale mba is pretty serious.
PW open a thread on taxing the billionaires, can't keep talking here.
Btw I have a degree in economics and finance from a top100 department in the world (at least at the time I took the degree)
Just checked and it's 41th now in the world yeee
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 ?
We've had amendments in place for homeowners in these situations. If you buy or sell a house for 500k, the new owner pays taxes at an assessed value of 500k.
IF i buy a house in 2011 for 100K but the value of my home goes up exorbitantly and is appraised for 700k in 2015, the assessment value of the home that determines the taxes I pay can only go up at a much smaller increment - usually 3-5% a year depending on the locality.
We've had amendments in place for homeowners in these situations. If you buy or sell a house for 500k, the new owner pays taxes at an assessed value of 500k.
IF i buy a house in 2011 for 100K but the value of my home goes up exorbitantly and is appraised for 700k in 2015, the assessment value of the home that determines the taxes I pay can only go up at a much smaller increment - usually 3-5% a year.
That's only in California afaik, elsewhere it goes mark to market usually
Nevada capped at 3%
Wyoming 4%
Lucium prob making things up as usual.
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 circulati
Do you have a reason to say this would be unconstitutional, apart from the crazy reasons people say the federal income tax is unconstitutional?
Do you have a reason to say this would be unconstitutional, apart from the crazy reasons people say the federal income tax is unconstitutional?
Federal income tax required a specific amendment of the constitution to become constitutional (that was back in the day when parties didn't rape the constitution from the bench, they amended it to achieve what they wanted if it wasn't allowed before).
A federal wealth tax would be plainly unconstitutional simply because the constitution says that direct taxes have to be apportioned (each state has to pay them strictly in proportion of their resident population).
To be clear this isn't about a purported right not to have your wealth taxed, rather about which powers lie with the federal government.
A state wealth tax (unless in conflict with that state constitution) is plainly constitutional (from the federal constitution point of view)
In the CO county I live, property tax increase in 2024 averaged 60%. I was lucky to escape with a simple 40% increase.
Did they raise assessed values, change the rate, or a combo?
The tax returns have been leaked, you can literally go and view them if you bother to take the time. The guy who leaked them is in jail.
https://medium.com/@hrnews1/man-who-leak...
I like the way he provides a source and it gets completely ignored even though you initially derided him for saying Buffet said this.
This sycophantic defending of Billionaires is one of the strangest things to arise on the internet that I have ever seen.
