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.
Colorado property taxes explained: Will that 40 percent value jump really mean 40 percent higher taxes?
Coloradans received some truly eye-opening letters from their county governments this year.
In parts of Western Colorado, the taxable value of the average home is 55 percent higher than just a couple years ago. It was an 80 percent average increase for Pitkin County. On the Front Range, Douglas County homes have gained 40 percent in value.
Those were the outliers, but not by much. The average Colorado home gained 37 percent in value over just two years, according to preliminary data analyzed by CPR News.
That story is well-known by now, as countless headlines have warned that sharp increases in value will lead to much larger tax bills next year. It’s also turned into a major political fight through the ballot measure known as Prop. HH.
Still, there’s a bigger question that’s gotten lost in the shuffle: How much are tax bills actually going to increase, and where would all that money go?
The short answer is — it all depends on where you live. But here’s what we’ve learned about the bigger picture:
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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This is very obviously incorrect. What country are you from? The tax structure on real estate ownership is very different in the US as compared to what you are describing
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
Welcome to my life
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This is very obviously incorrect. What country are you from? The tax structure on real estate ownership is very different in the US as compared to what you are describing
USA.
Tax structure in real estate is much different than income tax structuring
Both are under billing / under taxing
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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.
This is correct for the US
USA.
Tax structure in real estate is much different than income tax structuring
Both are under billing / under taxing
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Is this just word salad at this point? No one was talking about income tax. You seem to have no understanding of super basic concepts related to taxation. Have you ever owned property in the US previously?
Is this just word salad at this point? No one was talking about income tax. You seem to have no understanding of super basic concepts related to taxation. Have you ever owned property in the US previously?
Yeah, but do you have a finance degree and were you tutored by a Yale grad, smart guy?
Billionaires should actually be afforded the opportunity to pay less in taxes.
The top 1% pay like nearly 30% of the share of the income taxes. So I can imagine the top .00001% doing even more of the heavy lifting.
Billionaires are out there mostly creating value, a lot more value than your average joe blow salary man. For example people like Steve Jobs (RIP) do a lot more for society economically than your average joe blow.
Also. Governments around the world, ran by bureaucrats, need to go through a large liposuction expense cut all across the board. 10-20% layoffs all across, everywhere. Giving them more tax money is the last thing we should be thinking about doing.
If the billionaire has entreprises that create a lot of jobs and produces things of value for the general population. We should not tax them more.
If the billionaire is out there just doing sports betting / crypto investments / and betting on elections, essentially a zero value proposition. Doesn't matter how much we tax them.
If the billionaire has entreprises that create a lot of jobs and produces things of value for the general population. We should not tax them more.
If the billionaire is out there just doing sports betting / crypto investments / and betting on elections, essentially a zero value proposition. Doesn't matter how much we tax them.
even in the latter case, he is showing he is smarter than the people who previously hold that money (objectively, if you win voluntary 0 sum games you are smarter than your opponents, variance aside when it exists).
money being in the hands of objectively smarter people is a societal good, because they will spend and invest it in better ways (being smarter, definitionally), with everything that entails.
inequality is actually a moral and social good because of that
Billionaires should actually be afforded the opportunity to pay less in taxes.
The top 1% pay like nearly 30% of the share of the income taxes. So I can imagine the top .00001% doing even more of the heavy lifting.
Billionaires are out there mostly creating value, a lot more value than your average joe blow salary man. For example people like Steve Jobs (RIP) do a lot more for society economically than your average joe blow.
Also. Governments around the world, ran by bureaucrats, need to go throu
This is satire right? It is very funny but I am a little bit scared you might actually believe this stuff.
even in the latter case, he is showing he is smarter than the people who previously hold that money (objectively, if you win voluntary 0 sum games you are smarter than your opponents, variance aside when it exists).
money being in the hands of objectively smarter people is a societal good, because they will spend and invest it in better ways (being smarter, definitionally), with everything that entails.
inequality is actually a moral and social good because of that
Yeah, America is so ****ed.
Maybe 20% layoffs across the board was too low? Ok let's go higher, if we need any of them back we can slowly rehire.
Soon the billionaires will see leaps in AI technology that will allow them to create even more value with much less people. It will be great. We can see huge amounts of layoffs in many, many sectors.
even in the latter case, he is showing he is smarter than the people who previously hold that money (objectively, if you win voluntary 0 sum games you are smarter than your opponents, variance aside when it exists).
money being in the hands of objectively smarter people is a societal good, because they will spend and invest it in better ways (being smarter, definitionally), with everything that entails.
inequality is actually a moral and social good because of that
Having resources and capital allocated to those that use it in the most productive ways for society yields the most prosperous results for absolutely everyone.
Billionaires, not all of them, tend to have a lot better track record on efficient use of resources vs elected bureaucrats with political agendas.
Soon the billionaires will see leaps in AI technology that will allow them to create even more value with much less people. It will be great. We can see huge amounts of layoffs in many, many sectors.
Didn't people complain 30+ years ago that personal computers + internet would create mass layoffs from all the jobs it made redundant?
Didn't people complain 30+ years ago that personal computers + internet would create mass layoffs from all the jobs it made redundant?
I am an SWE that works with AI agents. You have no idea what is coming. Since we are in a poker forum, listen to this guy who created the current best muti-way poker bot that is currently in use talk about how we will replace everyone over the next 3-5 years.
At least Biden has a new policy to tackle this problem.
I am an SWE that works with AI agents. You have no idea what is coming. Since we are in a poker forum, listen to this guy who created the current best muti-way poker bot that is currently in use talk about how we will replace everyone over the next 3-5 years.
In 3-5 years that scrawny kid that says everyone will be replaced... will be buying an entire gym setup made by human hands. It will also be delivered by a human, and he will hire a human to put all that gym equipment together.
When he gets wealthy in 3-5 years, he will be shelling out money on a mega condo / house built by human hands. With materials all sourced / produced by human hands.
Then he and his wife will be buying expensive furniture all made by human hands, delivered by humans. From trucks and cars still made by companies that have tens of thousands of human employees.
Then when he has a few kids, he will pay for a human nanny and cleaning person. Then his kids will go to human daycare since AI daycare running Grok all day sucks monkey balls.
