Why isn't a billion enough?

[OddBeMe]

Cap private profit at a billion and make them re-invest the rest IN JOBS or community. Not buying back their stock.

Yes

No

A total of 13 votes were cast: 2 girls and 11 guys. See detailed results

[Shiprex]

Absolutely. There is no need for billionaires and even multimillionaires when there are people who have no house to make a home, no job to have worthiness and these folk who DO have such wealth tend NOT to feed it back into circulation THUS creating a liquidity dearth and causing the economy to be sluggish. If spending 100% of your wealth as most working people do is the only way to keep the economy functioning, then the ones "investing" in whatever where it's not actually doing anything to sustain the economy, then that should be taxed tf out of existence and fed back into the system instead of hoarded in scams.

[OddBeMe]

A healthy balance would be sufficient. Im not asking for communism.

[Shiprex]

If everyone has enough and gets all they need provided for. Why is there a need for greed to be the driving force?

[NaultD]

It's a moral responsibility to tax billionairs out of being a billionaires. They are some sad miserable fucks.

Make a flat billion-dollars get 100% tax. Spend it on the buisness that now needs a whole new wing in the campus. Beautification your entire city or fuck it state so your top employees want to move there.

I get the mysterious invisible tax is unappealing still ultimately nessesity. With being in the billionaire status you have the duty to invest in your own humanity. With the privilege to spend it on something you choose other then private space travel.

People should take notes on this guy from India.

https://youtu.be/cFLqfANWmnA?si=f2PtDpbSte8zddhc

[NaultD]

https://youtu.be/OKvyLusxL8Q?si=ghkNqyxMGZGVUy1_

[Anonymous]

If they have to give away their money, what's the incentive to make it in the first place? What's the incentive to innovate and provide jobs if they have to give away what they make?

[OddBeMe]

There's always an incentive to earn more. Even if we had 90% tax people would still work to earn the 10% profit.

[Opinion Owner]

It's more likely they'd take their money and go elsewhere. I would.

[Kelly6]

@OddBeMe for billionaires it’s not enough to control their government and specially not enough to start wars.

[OddBeMe]

Right. So like druggies or molesters we should have laws to keep them from doing so

[Kelly6]

@OddBeMe
True

[Kaneki05]

Since specified private profit so I agree, and lucky ya did otherwise I wouldn't have at least in this capitalism society. Though I will say tracking private profit is the next question? Since there is many ways you can flex that system with shell companies or assets etc.
There is too many ways to actually hide that specified private profit for something else.

[OddBeMe]

Sure, but there are obviously easy ways to close the wealth gap. Tax stock market purchases like sales tax, which would also de-incentivize nano-second AI trading. Or upping the entitlement tax from its cap, at around 150k. Which is stupid. At best, the rich should pay the same tax percentage i do.

[Avicenna]

For leftists, “reinvest in the community” means donations to BLM fraudsters and other leftists sinkholes.

It’s not surprising that you aren’t aware that, legally, companies have a fiduciary responsibility to maximize shareholder value. A thoughtful person would ask how we could improve incentives for investment (which creates jobs).

[OddBeMe]

No, just creating jobs would be sufficient. Not buying back their own stock.

[genericname85]

They do reinvest pretty much all their money back into companies that create jobs. that's how they don't pay tax in the first place. you think they just have all their money invested in profitable stocks? that would be dumb, cause they'd be paying taxes like there's no tomorrow.

[OddBeMe]

No they dont. They rebuy their own companies stock which increases its value. So much job market stats that Trump hates are driven by small businesses

[genericname85]

Look at bezos and Elon musk. They don't have any liquid finance. Everything is invested in some corporate development so they never pay tax on all they own.

[Anonymous]

if you have such a problem with billionaires, how about not buying any of their products?

LeBron James is a billionaire so don't watch any NBA games

Taylor Swift is a billionaire so don't go to her concerts

Bill Gates is a billionaire so don't buy any Microsoft products

Mark Zuckerberg is a billionaire so delete Facebook and Instagram

Hollywood and Disney are already going broke so what's your excuse?

[OddBeMe]

I dont do any of those. But thats completely besides the point.

[Opinion Owner]

whether or not you do any of those doesn't matter because many of those on your side clearly do

[Sal_Monella]

Big corporations serve their investors. Buying back stock permits new investments in equipment, personnel and raw materials. That places money into our economy in major purchases, wages and business in local communities. Your question was an attempt to impugn corporations but it exposes your ignorance in economics. Thanks for doing that.

[OddBeMe]

No it just increases their wealth of their investors. They do little job creating

[Sal_Monella]

The way the board of directors increases their wealth is investment that produces more product and more profits. I won't even bother to debate you. You are clearly ignorant of economics. Best you stick with something you love. Epstein files. Stay in your lane.

[FunkyMonkee]

No, it's their money, they can do whatever they want with it, as long as they aren't using to hurt others.

[OddBeMe]

Not paying taxes, and instead paying repubs to vote for cutting social security is hurting people

[FunkyMonkee]

Yeah, IF that was ACTUALLY happening!!

[Filthy_Immigrant]

do you know how inflation works?

well obviously you dont for the fact that you are a democrat hence why inflation always skyrockets when democrats are in power

[OddBeMe]

I do. Magats apparently not, since you elected a fraudster based egg prices, which have yet to decline.

[Filthy_Immigrant]

dude egg prices literally dropped 61% ever since Trump got in office. seriously dude when was the last time you ever when to a supermarket? oh that's right you probably dont even buy groceries, if you do is probably with food stamps

[Filthy_Immigrant]

and since you are so obsessed with evindence then take this with you

www.foxbusiness.com/.../price-eggs-have-dropped-61-since-trump-took-office

[NYCQuestions1976]

Start with Soros and the rest of the limousine liberals. Let me know how that works out for you.

Less drinking, more therapy.

[OddBeMe]

Did I have an exception for soros? Certainly no fraud court has convicted him. So he's got that on trump.

[NYCQuestions1976]

😂😂😂 @ "fraud court". Yep, it certainly was a fraud all right.

The only legitimate frauds are you whiny pansy empty-headed delusional sore-loser liberal leftists.

[seeyounexttuesday]

At this point you’re just embarrassing

[OddBeMe]

Do these billionaires even pay u to suck their cock or is it a hobby?

[kavakava]

Mamdani has a rent controlled apartment, meant for the poor.

[seeyounexttuesday]

Show me on the doll where the Billionaires touched you.

[OddBeMe]

If you promise to ask for money for bjs next time.

[seeyounexttuesday]

so once again, you played yourself.