Research into their tax returns tells us they contribute to charity less than normal people. By percentage.
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They pay the least amount in terms of %
Wrong. Actual facts:2021 US Federal Income Tax BracketsTax TaxableRate Income10% $0 to $19,90012% $19,901 to $81,05022% $81,051 to $172,75024% $172,751 to $329,85032% $329,851 to $418,85035% $418,851 to $628,30037% $628,301 or more
That’s earnings love. Billionaires don’t “earn”, theyre paid by capital gains.
Call me "love" once more and I will block you.So billionaires don't own companies and receive income from those investments? Interesting.And you've never heard of capital gains tax, either?
Capital gains tax rates are half that of earnings. And you should lighten up on name calling. Seems you may be “latent”.
1. I have not called you any name.2. I may be "latent" what?
I love trolling boomers. Relax in your 400k home you paid $10 for in the 70s.
What an extremely wild and wildly erroneous assumption! Not surprised.
In 2017, "the top 1 percent of taxpayers paid a 26.8 percent average individual income tax rate, which is more than six times higher than taxpayers in the bottom 50 percent (4.0 percent)." taxfoundation.org/.../Your rhetoric is an extremely poor substitute for facts. I'm sure you won't have any logical response so don't bother.
well if they worked for it , they do deserve the billions
@imthequeen some people will never have the chance to be rich no mather hou much they work, some people sufer because of other country involvement from history.It is a proof of greed, indifference, hatred, cruelty, stinginess on the part of these people who have worked and do not want to put their profits in favor of much nobler causes.Resource development, stopping hunger, improving the environment, developing infrastructure...
So? if a few people were given the opportunity , and they worked their ass of and now earning billions , then what's wrong?according to you there shouldn't even be sports stars or actors because not everyone gets the chance to be at their level no matter how much they work.its so stupid to argue on not having billionaires just because other people people don't get the opportunity to do that
@imthequeen You're a fool.Everyone can continue to work what they want, but without consuming more than what is strictly necessary (a car, a house, food, money to support his family.These people have nothing to do with hundreds of millions of dollars, euros, pounds.As I said, not everyone has the opportunity to become a millionaire no matter how hard they try.Any development of any field, all the profits that are no longer necessary for that person for himself should be transferred under the jurisdiction of the state and it should ensure a minimum life for all people who are in poverty.
@imthequeen You can be an athlete, an artist, an inventor.But why do you have to earn $ 100,000,000?When does a man need even less to survive a lifetime?Many such people make unnecessary purchases.Footballer Messi owns a neighborhood.C. Ronaldo owns 6 carsFootball financiers throw money at football transfers when this could be done under another system without money.There is a lot of money going on in unnecessary areas.Bill Gates invests insane amounts only in his security system and is forced to do so precisely because of money.
thats not your problem and that ain't your money , the person who owns it gets to decide what he/she wants to do with all of that money.just because there are other problems in this world it doesn't mean u take away one's wealth. you're so stupid.it ain't a rule just because he earns billions he should just spend the money on food , shelter and give the rest of the money to charity/govt , ITS HIS WISH , ITS HIS HARD EARNED MONEY.what you're saying is just so pathetic , you mean to say the govt should have a cap on the income of everyone? huh? like no one should be earning more than 5k a month maybe? that's just so stupid.elon , jeff , bill , they can do whatever shit they want with their hard earned money , no one else decides. its simple. if i earn 100 million , then I AM the decider , just because i'd spend 1000 for food and rent doesn't mean the 99.9 million should just , go away from me , i can get planes , yachts , its my fucking wish
even if its 10 dollars , or a billion dollars , the person who earned it gets to decide what he wants to do. whether they spend it on stupid things or not , its still their wish. You're just jealous of them.
@imthequeen Yes, anyone should not earn more than a minimum threshold. Example 5K say 10K per month.Any exceeding of this threshold held by a natural person and not by the country, is a condemnation for others to poverty.This idea would reduce crime, hunger, disease and other human problems.It is the most perfect way to live.The purpose of money must be to help others and develop society.Not just personal satisfaction.Personally, if you were to earn 100 million / billion, I would hire myself as a special assassin for you.Money is an element created by the country for the people, to make their lives easier.Money is a tool, it must be used in the best way for the good of humanity.It is clear that you are one of those Americans who suffer from severe capitalism, and the people around it are just nothing.The more money a country has, the more benefits it can bring to its own people.
no point on discussing this lol , sad ur vision will never be a reality , people will do whatever they want with their money , and thats how it should be , whether u earn 1K , or 1B , you are the decider of ur money, the money u earn should be taxed , but whatever remains , is yourssure u can help the poor people but no one can force u to do that
and no haha first of all , im not an American , secondly the billionaires u see are already providing talented people with jobs , yes they do earn a lot of money (which they deserve) but they do help the people too! , online shopping , connect to millions of people (facebook) , electric cars. moreover these things revolutionize the world.there is no rule on limited a person's money , thats just nonsense.im pretty sure u are really jealous of those billionaires and u want them to tumble haha , sad thats never gonna happen
, online shopping , connect to millions of people (facebook) , electric carsThous thing are not posible for many country.Now i see that you may be from UK, this country is as well a rich country that is at a cpletly diferent level.Electric cars, that is SF story for my country, facebook is posible for who have internet, not all the people have money to pay for internet and computer, online shopping what is F helpful in that S?And if we talk how this country like USA, UK, France make theyr money it will be a sad bloody history.I want to be a millionaire or a billionaire, I work every day to make a living.The technological revolution would be possible in the situation described by me, even more widespread if everyone had the money to use it.My phone for free is broken. After 5 years, here in the UK the phones are paid, in Romania no one can afford a touchscreen phone and that is why they are given offers, so that people can receive and use them for consumption.Electric car? In my country, if you have a 15-year-old BMW, you are the same as an Englishman with lamborgini in the UK.And yet there are people with billions of dollars / euros who can afford an unreal life.It took me £ 2,000, just to come to the UK, just to cross the border and fly here to make a good tray.I worked without leave, contract, 7 days out of 7 to support myself and save money. It took me 6 years to make this money !!!And here in the UK I saved 5,000 in 2 years, with holidays, and 5 days out of 7.If you keep giving examples, look for some that are not hypocritical and ignorant.
@imthequeen And not to mention the impression that the English are very stingy with the way of life they have.
you're wayy too narrow on your thoughts , even if the govt makes the rule , of limiting everyone's salary by 10k pounds , almost every ceo , and other tech executives would resign , companies would tumble and then no corporation would even be giving any tax by which the govt's income would also tumble.and even if that doesn't happen , and billionaires now start earning 10k a month , imagine what the other employees must be receiving lmao , maybe a few cents every month. your money depends on your position of work , its just so stupid to pay everyone the same you just dont realize what would happen if your pathetic vision would one day become realmost of the billionaires wealth is associated with their company , which they will never want to loose , no matter what happens. loosing those shares would reduce their power in the company , even govts wouldn't want that to happen. Imagine making a house for yourself and you work day and night to make that house bigger , and now all of a sudden you have to give up most of your house... thats a nightmare.so stop being stupid and trying to degrade the wealth of the billionaires , they didn't steal it , nor acquired it illegally. They have earned it by the help of the govt and the people after decades of work put into. (and u want the ceos of multunational companies be earning 10k and a few employees earning 10k aswell? lol i just dont understand , to what level of a human you are ahaha)
@imthequeen And your mother is even more numskull that she made you
Okay my man!. You live in Romania.. You government is not corrupt.. Your government deserves the extra money.. But what about governments like India where corruption is there on every level.. Government is run by politicians and these politicians are connected to mafia and gangsters. You know people in India get kidnapped by gangsters and when we go report it to cops.. Cops take no action because they know the politician who is in power sitting on state level.. He supports that gangster.. The gangster will take 1,000,000 INR to release the person he has kidnapped and 500,000 INR will go to that politician who gives the kidnapper protection from cops. So you are saying to us we should fund such leaders who are trying to rob us.. Take North Korea for example.. That nation has no internet for its people.. You cannot say anything against government or rulers. People in North Korea think outside world is suffering and dying because of hunger.. And they are living in a eutopia.. Because of their leader.. Your Romanian government is very good.. And your idea is applicable there.. But other government do not deserve your thinking..
@Nik1hil I am aware of the problem of corruption globally.Even my father is the 2nd most corrupt in Europe.In the folklore of my country we have a story about a former bloody leader. I'm not talking about Vlad Tepes (Dracula), I'm talking about someone else.Alexandru Lapusneanu. This guy wants the power and only the power, nothing more he wanted to develop the country but not to make fun of it, he just wanted to be rich and simply live his life.Because of the burdens, people revolted from the lack of change, and shouted "his head, we want it."I believe that power should not be given to a leader but to the ideology itself. In a group of people capable of providing transparency in the system, they should lead the society according to the same life and level as the rest of the society.
https://youtu.be/he379b7NBDkLook how conditions in Korea are.. Look at corruption in India.. Look at Somalia look how governments run with mafia and gangsters to use and manipulate their citizens.. Around the world.. You are blessed with a government that is good.. Population of your nation is like 20,000,000..Dude the state i live in India Madhya Pradesh.. Our one states population is more than 50,000,000.. Our one state exceeds in population more than your whole nation... And we have 28 such states..Don't think just from your perspective..
What @imthequeen is saying is everyone deserves their own money..What if I earn a lot of money in India.. But I donate it to government for next 10 years and then I decide to move to Romania.. Because I know your country is very safe.. Very beautiful.. And I am quite interested in Romanian girls.. But when I move to Romania.. I cannot get a job and don't have money to start my own business in Romania.. How should I move forward with my situation..
The concept of freedom involves financial freedom to.. That means you can have all the money in the world.As long as you aquire it legally.. And if you are not allowed to keep more than a limited amount of money.. You are not living in democracy and are not living in a free country.. You are living in communism or monarch.
@Nik1hil My parents and sister live in communist Romania, i know bether then you and thous documentary how is the lifestile ther.Don't educate me on the communist.All people should make a free market economy but any profit more then you need for your family and a car, house and some for a little fun (hilidays travel, clubs...) should be taxed or directly send in the country sistem.If there is no transparency in the administration of such a system, the population would revolt even with the taxed elite. Because he wouldn't know where the money was going.The company is based on what supply and demand. If the demand is high and the supply must be adequate.It requires food, it requires infrastructure, health, money for a better life, but because it is not an offer that meets these requirements, society is destabilized.The Korean system is a crime against humanity, because in addition to being inefficient, it is unfortunately and persevering.The system that describes it should have immediate results and in 20-30 years there should already be infrastructure and people who no longer live in poverty and without anyone suffering.And if this system is inefficient, it should be replaced again with a better one.
And if you think situation in India are bad..Look at Pakistan.. Google and see how Pakistani government funds terrorists organizations.. en.m.wikipedia.org/.../Pakistan_and_state-sponsored_terrorismOsama bin laden, the notorious terrorist leader who organized 9/11 attack on twin tower was found in Pakistan.. Hiding next to a military camp in Pakistan even military was supporting him..If government got more funding they will fund more terrorists and you will see 9/11 attack every year around the globe..And those Islamic people hate your Christians.. There will be bomb blasts in your town taking out 10-15 people every month..Governments around the world fund organizations to generate disturbances in enemy nations.. Donald Trump forced trade bans on China and brought their expansion in control.. As revenge Last year.. Chinese government funded the black community in America generating the whole nation disturbance and riots.. After that they rigged the election and because of which Donald Trump was not re elected and Joe Biden got elected as president..Just because your Romanian government is peaceful and plays fair.. That doesn't means that other governments are not like that..
@Nik1hil Who said something oppressive?It's still your money even with a limit of 5,000.The profit of 120 million should only be invested for the benefit of the country and the people to increase consumption, even of your own production.The demand would be satisfied with a minimum supply of 2000 and a maximum of 5000, the development potential is still
@Nik1hil All the Muslims I spoke to said that it is a crime to kill a man, even in their Qur'an it is forbidden to kill.Eastern Europe was no longer attacked by Muslims for religious reasons in the Middle Ages.War and terror is only where there is poverty, where people have no money for food, no money to have fun, no jobs to make money.The fight against corruption must also be funded.In Romania and all of Eastern Europe there is poverty due to communism and the wars that were fought in a short time. From 1900 to 2000 (one hundred years) there were more than 5 regional wars.All wars and crimes are based on living life.
An people who are making a lot of money aren't organizing destruction on the society..They are creating society in a better way.. Look at elon musk.. He use his money he made from PayPal to start SpaceX and is not making starlink He brought Tesla that will reduce pollution in overall way.. He is using his millions to make hyperloops.. People who make money are innovative and find new way to use their money to serve the society.. Don't judge them and unblock @imthequeen you blocking her just proves that you have lost the argument.. Go ahead.. If you block me, you have lost argument against me too.
Look at elon musk.. He use his money he made from PayPal to start SpaceX and is now* making starlinkStarlink is a global internet service.. Like if today your government kills internet in your nation.. But if you are using starlink satellite internet connection.. You can connect to starlink and get internet..Imagine how revolutionary would that be.. People in remote area or organization that are working around the globe to end world hunger poverty. Where they cannot get an internet connection because the government or local gangsters are not letting them have a connection.. There they will get starlink and go ahead with their plan..
@Nik1hil I blocked her from being able to rise to the level of such a conversation as you do.Max uses the money for research, but how can we think of going to Mars if there is still hunger on Earth?I believe that projects of this magnitude are far too useless and useless to humanity.I accept satellites, space monitoring, telescopes. But the goal must be self-defense of space objects and their observation and analysis.Colonization and development of research on Mars seems absurd to me.It's like you don't have money to pay the house rent but you give the child money to buy candy and toys.My frustration arises and is fueled by the following, huge houses, multi-million dollar cars, cars with illegal speeds, the purchase of massive useless things.What is a person looking for with a gold toilet?What is a person looking for to buy an entire house complex?Why do you need 6 cars that go with 300/400 km / h when you can't go with more than 140.What do you need a sophisticated security system with a billion-dollar house when you could have a more modest house without precious valuables?
" All the Muslims I spoke to said that it is a crime to kill a man, even in their Qur'an it is forbidden to kill." You have spoken to Muslims in Romania.. They are educated and not a threat.. Come to Pakistan and see how in name of religion recruits are taken they are given money.. And promise if they die for religion they will get place in heaven with 21 virgin girls..And then they are taught that anyone who is not Islamic is their enemy.. They are taught that we have to kill or convert every last person in this world into Muslim..If you want to say "Let's give all our money to government and billionaires shouldn't exist" Then you should first be ready to either die or convert to Muslim..
@Nik1hil For what do you need such a hous, comparin whit this onelh3.googleusercontent.com/.../pt94wbVTo5CcADnyLjaUqby7NwvOuB5Xiei3kCN8rN2w_m-4Xb94vsgz8u9lxkaMC3Eyi_BeJjp_2Rp_btsvms79CWwXOdCxAb-vDoZBU-EvnB-72KozoA
That's the concept of free will. You can live in whatever kind of house you like.. As long as you can afford it..Dude, why are you jealous of people living a luxurious life.. Those people who are living a luxurious life, studied and placed efforts to find an idea.. Execute it and earn money from the market..If you think.. Earning money from the market is easy then go ahead try to make a million. If you can make a million in 1 year and then donate the rest money to government..Then you can say "Hey, everyone should do what I do."First become a billionaire and then donate everything and go say to other billionaires.. "do what I did"
@Nik1hil I studied and I'm still interested in the field I like.But even though I graduated, I was never offered a job in my specialization. I was not given the salary I deserved.There is no equality of opportunity. Free will must be manifested after ensuring the minimum necessary living for the whole society.Don't just talk about me and my situation, there are so many people in the world hit by bad luck and events that do not belong to them.In my country I did not work for a second in legal conditions (with a contract).And now I do unskilled work, with a contract.Where is fairness, where is free will?
@Nik1hil All those billionaires should send any profit that no longer depends on their necessary life to the country and the needy.
@Nik1hil If I want to buy a personal helicopter tomorrow, it would be stupid because I can walk my distances.There are rich people who simply do not want to live with poor people just because they feel degraded.
@Nik1hil As long as there are rich, there will be poor.But if everyone were a healthy middle class, there would be no more difficulties and industries would thrive to improve society.
@Alexandrubaschet08 its their hard earned money , why would they give it to you? stop relying on others for your living , your arguments are just so stupid.if you want to live a better life stop crying about billionaires not giving u any money and start working for a better income I'm pretty sure if u had a billion dollars you wouldn't have even donated a penny for the poor people
@AnnaTumbles Your argument is even more stupid.Where to work if I am not accepted.I am offered incredibly low salaries and people I know earn more just because they knew someone in the institution.Your argument is completely absurd.If I were a billionaire, I wouldn't need the things those people have.I just want to allow myself to go on vacation to the sea, a house / apartment to be alone and not be ashamed to say what I work.If I had (if) millions and billions 100% I would invest in disadvantaged communities.
Well i am not saying that billionaires should not help the needy..I am just saying that governments cannot be trusted with all the Money.Instead it would be better if billionaires took initiative themselves to help out guys like you.. But problem is..That 50% of work force are people like you..And maybe you are hardworking person.. But half of you guys if knew will get money monthly for free.. 50% of you will leave your jobs or stop working..That will mean suddenly a 25% fall in the work force..And that will disrupt labors at construction work.. In hospitals, in transports..And billionaires have tried helping out people like you before... But government has stopped them from doing so.. Because it is considered illegal to disrupt the work force of a nation.. Even if it is by providing people money to live..
@Nik1hil In the conclusion of your argument, revolution is the solution.
60% of the billionaires currently lived a life much more miserable than you , they didn't cry about it like you and instead kept working on their ideas for decades and now they have become what they are so if you're facing problems , no one can help you out , its only you. so stop dreaming about billionaires giving u a penny. you do have shelter to live in and food to eat , just as you said (basic requirenments , what more do you even need lol) if u need more stop wasting your time on gag and start working ur ass off in new things
@AnnaTumbles finally someone who has spoken the truth..If you want to live a luxurious life. Get off gag and stop arguing.. Work your ass off.. Learn business.. Made more deals and become Rich..There are no billionaires on gag!.
@AnnaTumbles She has to hire me, lady.I have higher education with a master's degree and I have always wanted to use it and work in my field.But employers offer me salaries of $ 100-200 a month. If you saw this with your own eyes that it is a reality when I try to get a job, what else would you say?Don't relate to my life situation if you don't know it.
bruh even part time jobs pay more than this lol go get a part time job
i dont care if u earn 1 dollar or 1k , fact is if u wanna earn more dont expect the billionaires to help youu have to do it urself , go find ur own way to this, thats what the billionaires did when they were in situations just as bad as you
@Nik1hil Amândoi ați vorbit ca nobilimea din secolul al XVIII-lea din Franța. Rezultatul mii de ceartă și stil de viață a fost o revoluție sângeroasă.Dacă istoria nu este învățată, aceasta se va repeta.And what could I do more than apply for jobs?I'm always greeted with the same shit. I am offered $ 100/200, without a contract and with the pretension of being dedicated and giving priority to this job.
why tf are you telling me your problems? its you who will be going through all of this , so its you who has to figure a way out of it. not me
See if your nation is not valuing you as a person and your knowledge..Then you need to leave that nation and find a nation where your knowledge is considered valuable..Also having a masters degree is nothing.. If you don't have the right skill sets that can generate the service.You are useless to the society..And today all the masters and PHD except for business and in medical field especially surgery are useless. Because what knowledge a PhD holder in most field has is available on the internet for free... Today people go to WebMD first before consulting a doctor.. Because it's free...
www.cracked.com/.../Alex you need to read this.. Even i was a guy who hated billionaires and the system, until I realized what was wrong with me.. And I read this article and realized what was wrong with me.. And slowly things changed.. Now I read this article every month and decide my every next step according to it..
@AnnaTumbles And I don't care if others earn billions, I expect the money of those people who are used to nonsense to end up in my pocket.It is ridiculous and absurd to put a monopoly.I don't work part time, I work full time and I earn the minimum necessary and nothing more.I don't work the job I prepared for in this life.And I work a job of all shame.From the age of 19 I still apply for my job but those who earn as much as I ask say that this was the salary when they hired them and the salary I mention 100/200 is a scam.
@AnnaTumbles No one in this world should be allowed to win more than one threshold.Likewise, no one should be allowed to earn less than a minimum threshold.Its corruption does not exist and the transparency of a system are vital for its correct functioning
i agree with @Nik1hil @imthequeen and @AnnaTumblesdude u want money go work for it urself , go get an idea , something revolutionary , or just try learning business and come up with you own business , dont shit about the billionaires
No one in this world should be allowed to win more than one threshold.Likewise, no one should be allowed to earn less than a minimum threshold."- this à beautiful idea but it will require a GOD to come in execute this idea.. Because no human can execute this idea.. Wake up dude.. Live in real world.. There is no GOD here.. We have a government that is also flawed and nobody is going to help you.. World only cares of what it can get from you.. Read the article I gave you..
I don't know about that... the research for that conclusion is sparse. More for the side of spreading the wealth- by earning it... not automatically. But economists definitely see it as a pie. We all can't be billionaires.
Yes and no. Its a semantics issue with your statement. The pie is always growing. There is far more wealth in the world today than 100 years ago or 100 years before that and so on all the way back to the dawn of time. That is not fixed. But you're right we can't ALL be billionaires. But we ALL could become billionaires. Every single person has the opportunity as much as anyone else. Look at Oprah, poor black woman, billionaire. You willing to work as hard as Oprah did for 50 years? No? Well then you're not supposed to be a billionaire. But think of all the jobs she's creating by everything she's done, all the unheard of writers who she pushed their books and now they got big, etc etc. Would the world be better off if she was forced to retire 30 years ago when she made a certain lifetime cap of money?
True, but the problem is it’s only easier to make money the more money you have. Changing that could be key.
Yeah but as someone who is in the wealth business. The job of a wealthy person is asset management. So think of it this way. You work in a factory. You start off running one machine. You do great work, now you instead monitor the whole line of say 10 machines. You do a great job now you manage the whole facility. You do an even better job and now you manage all facilities in the state. Next you're promoted to manage all facilities in the whole nation. So the more machines you manage the easier it is to manage more machines. How is it fair if he got one or two promotions, why does he need to get all the promotions? shouldn't we even them out? No. he's highly skilled and better at managing manufacturing equipment than other available people therefore the whole economy, the business and the individual customers and employees of the business as a whole are better off with him managing it at a 2% better efficiency than some other guy.Back to wealthy people. The better wealthy people manage assets they more wealth they acrue. If the do a bad job they aren't wealthy anymore. They need to have skill to be wealthy. You can't just get a billion dollars and sit on it and thats that. You need to make investments. Just sitting on it is losing money simply to inflation. Wealthy people have a track record of making good calls. Investing in good start up companies etc etc and they earned the right to make those calls because they have a better history at saving capital than joe blow who got 1000 in his savings account.
That would be great if wealthy people only gained from their successes. But you know very well they get bailouts, golden parachutes and stock repurchases at the expense of employees’ pensions etc.
Most dont. And if thats your problem argue against bailouts, not wealthy people. Id agree with you then. When you fuck up you have to lose. Thats necessary to reap the rewards of a free market.
So you’re for more regulations then?
Ummm what? No less. Bailouts are government actions. The government should interfere less by not giving bailouts.
You’re describing the current economy. And yet we didn’t kick them out.
Well, we didn't do a good enough job. We need them all to leave. We should get rid of the millionaires, also.
mahn i wished there were more people like you.its just so depressing seeing people saying-' only basic requirements should be fulfilled , rest shall be given to the govt' , like thats so BS lmaoo
We can reorganize tax law to expand middle class and make it harder for massive millionaires to become billionaires.
If guess you could say the , super rich worked hard. But what's really happening is evil and greedy.. it sounds corny but *there people in this world who starve to death and live in awful conditions. . there enough food and water for everyone.. I don't know if u was rich id spend it all on hookers n coke lol
@tripptt9 well its the billionaire's wish to do what he wants with his money that he earned. yes there are many people who starve to death but that doesn't mean there shouldn't be billionaires just because there are problems in the world doesn't mean u take away ones hard earned wealth.
You 17... you think they work hard huh... and it's there wish... I hope u have the looks because you are not going ae based off your intelligence..
@tripptt9 what problem do you have with billionaires? you use their products and go against them? thats nuts
Sorry about my last response. I shouldn't of said that. I don't wanna argue with ya... i much rather get dominated by ya (, when u legal of course haha ) hope you have a good day
@tripptt9 expected an actual response from you
@tripptt9 products and services - Like google , facebook , instagram , whatsapp , twitter , youtube , microsoft , your Android/iOS Phones etc , its because of them you livin a life like this lol , they deserve the money they have
But can everyone actually be a billionaire? Its a pie... I'm saying there are ways to help the middle class more than billionaires. Right now its opposite.
exactly !! it'd be so stupid to have a cap on max earnings - suggested by someone
Or inherit it.
and still maintain a large workforce
Of Medicaid fed workers. They pay them shit and taxpayers feed them.
huh? Billionaires pay the most taxes... I do not understand what you are trying to say
Walmart pays bare minimum and it’s workers are fed by the govt. The Walton family pays less % than you do. For example.
That's not possible.
@WindAtMyBack How so?
In order to collect taxes, there needs to be money. The vast majority of their wealth is not money. You could take 100% of their money, and they would still be billionaires.
What do you mean nah? It's true. You can only take money. Only a tiny portion of their net worth is money.How much money do you think Bezos has? Hardly any. You can't tax it because it doesn't exist.
@WindAtMyBack I'm not disagreeing with the factuality of what you said. But those are legal issues. Laws can be changed. The question was what we think should be done, not what can currently be done. If you're fine with the current system, that's your right. I'm not, and I'm saying some fundamental rules need to change.
I don't see how laws matter. You can't create money when it doesn't exist."but we can operate the economy to decrease billionaires and increase the middle class."If you increase the middle class, then you increase the number of people buying stock. That drives stock prices higher, which increases the net worth of the major shareholders.
@WindAtMyBack Of course it's about laws. The money is somewhere, otherwise they wouldn't be billionaires. Billionaires can spend money, therefore we can make them pay. Also, I'm advocating for a system that makes it inherently impossible for people to become billionaires to begin with. I'd radically change the laws regarding stock markets. You're still arguing within the premises of the current system. I'm talking about radically changing the system.
"The money is somewhere, otherwise they wouldn't be billionaires. Billionaires can spend money, therefore we can make them pay."No the money is NOT somewhere. It does NOT exist. Net worth and money are two entirely different things. Billionaires can NOT spend their net worth worth. They can only spend money which is a tiny portion of their net worth.Net worth is not defined by money. It's a huge multiple of money.-------------Let's say there are 100 houses, all exactly the same. They all sell for 100K each. So 90 people buy one house each. One person buys the other ten. So 90 people are worth 100K each, and one person is worth a million. They all bought their house for cash.Now one person decides to sell their house. They want to sell for more than they paid. So they sell their house for 110K. They sell it for cash. That's only 10K more cash than before. However that increases the market value of ALL the houses. The total market value of the houses increases to 110K for everyone. They do not have anything more than they had before, but their net worth increased.The value of 100 houses increased by 10K each. The total increase in net worth is a million dollars, even though there was only 10K more money. The 89 people who owned one house had their net worth increase by 10K each. The person who owned ten house had their net worth increase by 100K. None of those people have any more money than they had before, even though their net worth increased.
@WindAtMyBack Blah blah blah, excuses excuses. You're still stuck in the current system. Everything you just described is manmade. It is not real, it's all constructed. We created it, therefore we can change it.I'll repeat this one last time for you, because so far you've conveniently ignored:1) I'm advocating for radically changing the system itself. I would make it inherently impossible for people to become billionaires to begin with. I'm advocating for a radically different economic system. Apparently you're so stuck in your libertarian ideology that you can't even imagine any other system. It's as if you think our current economic system is dictated by natural law or something. We invented it and replaced an earlier system. And we're gonna invent a new one and replace the current one eventually. Sucks for you if you're too narrow minded (and too uneducated about history) to realize that.It's clear to me that you're just veeery desperate to defend the current system and the rights of billionairs to fuck over the world. Which essentially makes you a psychopath. Well, Libertarians tend to be psychopaths, so I'm not surprised. Anyway, no point in talking to you if you're just acting as a lapdog of billionaires.