Should Billionaires be taxed at 90%?

[OddBeMe]

Hear me out. That would leave $100 million of every billion taxed. And if they hire or invest in American cities, untaxed.

NOT buying back their own stock. That’s bullsht.

Could Elon survive on $480 million instead of $48 Billion? Yes. And those billions would go to fcking bridges collapsing in Baltimore. Hiring Americans to fix them.

Yes

No

Other (p*ssy)

[RebelinSteel]

Why not just heavily tax every US based organisation that uses manufacturing in another country. There are existing tarrifs for China based manufacturing, just dramatically increase it. Make it so doing any manufacturing abroad or buy over x % of parts external to the US becomes too expensive to sell the product. Prevent foreign ownership of strategic industries.

[strateguy632]

that is smarter

[OddBeMe]

@strateguy632 I’ve always supported that. It requires a faceted approach. Not a “tax China” trade war.

[RebelinSteel]

Across the board, does not matter the country of origin.
Although a tax China and remove all manufacturing from China is also a good goal.

[luckyguy2024]

Why wouldn’t we impose taxes on a country that imposes them on us? Why wouldn’t you do to China what is standard in the free trade industry? Think about your answers study economics learn about GNP and GDP before making these statements.

[RebelinSteel]

@luckyguy2024 the idea is to get jobs back.
China provides cheap labour reducing costs of products at the expense of jobs and critically learning how to do things.
Free trade is just an excuse for large organisations to make money and cripple the manufacturing base of a country. No go jog on.

[OddBeMe]

I think a “patriot tax” on companies the ship jobs or import products overseas could do it. We just have to regulate to make sure these bitch corporations don’t turn around and raise prices on consumers.

I think big business brainwashed us to believe we can’t make stipulations like that. The fuck we can’t.

[RebelinSteel]

Part of it ensuring areas, states actually have jobs for the kids leaving school and college. If you want China to sit up and listen, every time they cause problems for Taiwan, make a noise in the pacific, up taxes or have organisations move out of China by increased taxes making manufacturing there an unviable prospect.
You get jobs likely moved back to the US, and control China.

[OddBeMe]

There are jobs for college grads. Despite the bullshit you watch.

It’s the non college grads that are bringing us down.

[RebelinSteel]

Well you need to get them jobs.
Not everyone needs to go to college, can afford it, has the aptitude.
The US managed last century without everyone and their dog needing to go to college.

[OtterMan68]

consumers pay tariffs

[OddBeMe]

“Not everyone needs to go to college”

Actually I could argue that’s false. But I usually argue for just higher edu, like at least tech school. You should look up how many Americans only have a HS diploma.

[RebelinSteel]

This is where apprenticeships come in
People have the technical ability but not the educational level.

[OddBeMe]

Sorry but why can’t they go through higher ed so they can be certified to as skilled? Everyone can’t have dyslexia.

[RebelinSteel]

What if you are poor at maths but good At Arithmetic? Not every technical job needs it,

[OddBeMe]

(Slaps face)

[Juxtapose]

If everyone has a degree then degrees become worthless.

[OddBeMe]

@Juxtapose well dipshit, like economic classes I doubt that would ever happen. Right now I’d just like to get the college graduates over 50% mark. Right now it’s barely 24-30% last I checked.

And we wonder why salaries can’t cover people’s livilhoods.

[Juxtapose]

You don't need to go to college to live a good life or even be a billionaire.

The baby boomers could work a single factory job and supply for a whole family, no college education required. That life was robbed from us by the elite.

[RebelinSteel]

@Juxtapose fully agree

We have people doing three years at university working for a company where they are just above the minimum wage and 10 years ago the same role was almost no qualifications. Yes they eventually get paid more but that’s 3 years and a hoofing amount of student debt.
Only certain jobs and roles really need a full on degree, the rest can make do with the next level down or so.

[OddBeMe]

@Juxtapose @rebelinsteel FALSE. You do need a college degree. Probably ok with tech or community college degree. If not you’ll most likely never rise above lower middle class.

Hence current economic stats.

[RebelinSteel]

@OddBeMe so working in an HR department as an Admin you need a college degree?

[RebelinSteel]

You need to go to college to do the same thing girls left school and were employed in during the 60’s etc, without word processors, needing to write, spell, etc.

[OddBeMe]

@rebelinsteel Going by stats, you most likely need a college degree to climb the social ladder.

Can someone get an HR job for $15/hr? Yeah. Could they “live” on that salary? Maybe. But a college degree would net them higher salaries. Proven.

[RebelinSteel]

At what age does that higher salary kick in for an Hr Admin

[Juxtapose]

No, you can go to a trade school and also there are people who are creative and earn loads of money without a college degree. That's a myth man, you do not need a college degree.

[RebelinSteel]

I know a good number of coders and engineers that do not have degrees and are in relatively senior positions. The coders did not do University as could not afford it, engineers went via apprenticeship route.
It’s a stupid money grabbing move that forces people to go in to debt simply because people tell them they now need a degree for a role that historically never had one. So they get a History degree, and because of that expect a great job,,, 10 years later..

[Juxtapose]

My roommate can get close to six figures and he's not college educated.

[OddBeMe]

So I’m seeing one anecdotal “evidence”…. Learn statistics and probability 101.

Yet recent study: 84% higher lifetime earnings ON AVERAGE.
www.aplu.org/.../

[RebelinSteel]

@OddBeMe it is people like you that are a pain on society. In your eyes anyone without a degree is not worthy. You live your life of only accepting those with degrees do anything for society, me I value everyone, degree or no degree.
A person with an HNC in Electronics, Mechatronics etc will usually earn more than someone with an Arts BA.
I value people and their aptitude not a bit of paper.
You obviously value a piece of paper more.

[OddBeMe]

@rebelinsteel …actually yeah. I value certified or educated workers over non educated. And I think our economy shows this.

[Juxtapose]

You can literally teach yourself college courses by yourself by looking up what books they use and getting them.

[Juxtapose]

My roommate's brother works for fidelity, provides for his whole family better than most people I see and he never went to college. He's a Marine and is very creative and intelligent.

So like I said, you don't need college.

[RebelinSteel]

@OddBeMe back tracking there, you ONLY value those with degrees.

[OddBeMe]

Not only, shitheel. But when talking jobs…duh. Yeah I value only higher ed.

[GuyAnswersGirls123]

No because I don't think it would work.

What I think you would inadvertently incentivize instead is vastly more corruption, a grey economy, more lobbying, more complex policies riddled with lobbying exemptions, potentially even a greater downright underground economy.

Also Elon Musk's net worth is like this:

Those massive dips didn't come from buying yachts.

[katiesmuff]

I think a flat tax would work better; Every person, business including corporations earning over $40.000 a year would pay 10% in tax with NO deductions.

[dustybiker2]

Are they going to hire Americans to fix the bridge?

[OddBeMe]

That could be a stipulation. When did we forget that we run this bitch? Lol

[Anonymous]

If we are going to tax it do it properly and equally

110% tax on everyone as Joey is planning in his next term in order to create the USCCP as Joey has wished for years to inact, might as well do it in his last term the one where he is dies in office

[OddBeMe]

A flat tax has been debunked by economists for decades. Only thing fair is a progressive tax.

Want to get more money for roads? Invest in poor communities and get them back into the middle class. Because right now half of the US ain’t even making enough to be taxed.

[Opinion Owner]

110% of everything
assets, savings and earnings
The shadowban on car ownership is why the roads are so bad... if you have a dime you can be taxed 11 cents upon it

[katiesmuff]

Show us a short list of those jobs you are talking about getting these poor areas working at?

[strateguy632]

your idea is worse than taking away land from rich to redistribute... that is not only stealing their earnings unjustly, more than my 10%tax, but annuls any motivation to operate a business so won't hire workers.

[OddBeMe]

So imminent domain is unconstutuonnal?

[Juxtapose]

Yes actually, it should be.

[exitseven]

No, hard work and ingenuity are rewarded in this country. Besides, the government would just piss away the money on useless wars, illegal aliens, stupid social programs and corruption. What you are proposing is Communism and we all know how well that works.

[SweetDripp]

But why would anyone work that hard to earn that much if 90% was taken away. The American dream is built to the potential for great wealth from nothing. Taking away that possibility takes away the incentive to innovate.

[WindAtMyBack]

If you took all the money of all the billionaires, it wouldn't go too far fixing bridges. People seem to have a very weird idea of how much money billionaires have, and how far it would go if you confiscated it.

[msc545]

Of course they should. In addition to creating a more fair and equitable society, it would also have the advantage for billionaires of keeping people from wanting to kill them. As it is right now they have to hire a lot of security to keep that from happening.

[BonzoInBitburg]

They'll all move out of the country and pay zero tax. A decent accountant and lawyer can set you up easily in the Cayman Islands.

[OddBeMe]

So we shouldn’t try to go after their money at all, then?

[BonzoInBitburg]

I have friends in the Cayman Islands and they are all there for the same reason. They can't build homes fast enough there. You're better off taking 10% of a billion and keeping them in the country than 0% of a billion and taking their money elsewhere to spend. It's simple math

[Anonymous]

I don't know about 90% but more than what the hell they are paying now. The super rich and corp. don't pay enough taxes in this country and with our present governing system it does not look like anything will be done about it.

[Anonymous]

This sounds like something a 10 year old would come up with.

[OddBeMe]

Worked in the 1950s

[NaultD]

Yes. What else can they spend it on other then extended stays on epstein island islands?

It's morality nessary to stop the temptation.

[Astarlessnightsky]

Actually taxing them, even a little bit, would be a really good idea.

[CaptainSmartass]

Nope. Activists, communists and wokies should be taxed at 90% minimum.

Simples...

[OddBeMe]

Just curious who would judge who those people are? I guarantee you no one in America would say they’re communist.

[CaptainSmartass]

They'd take a test to see their political views. The test would be completed after an injection of truth serum.

[KrakenAttackin]

If you took every penny every billionaire has it would not begin to compare to what the government spends each day before 9am.

[OddBeMe]

Not true

[AngryCarl]

The government already has money to fix infrastructure. They simply can't agree to spend the money.

[luckyguy2024]

That’s what they would like for you to think as the globalist mold the world as they see fit. Enjoy

[AngryCarl]

@luckyguy2024 They have money to fund their military ventures.

[OddBeMe]

True, they prioritize military adventure ahead of bridges and roads. Because we don’t tell them not to.

[msc545]

No actually we do tell them not to do that and they simply don't listen because they don't have to. The military industrial complex has a lot more money than the rest of the country combined. That money they have originally belonged to us.

[msc545]

In the last fiscal year of the US passed a 1 trillion budget for the military for one year. That is absurd and obscene.

[Sevenpointfive]

are you bidens son? why would i listen to you? cut off your balls

[Lokiion]

This is the most brain dead thing I’ve ever read in the past 2 months

[Juxtapose]

There are better ways to do this and the government is not entitled to 90% of your income I am sorry that is fucking ridiculous.

[Surely]

Eliminate the loopholes and go to a flat tax! Also collect FICA taxes instead of having a cut off point!

[DrPepper12]

But only at the top MARGINAL rate. Big difference from your Q.

[Anonymous]

Nope. The higher taxes will just get passed down to the consumers.

[OddBeMe]

Seems like that’s also something we could stop. You forget we the people run this birch.

[Hispanic-Cool-Guy]

Yes. No one becomes a billionaire without exploiting others.

[electromagnetic]

And they’d still be rich.

[gorydetails]

lol, fuck off.