Why taxing the rich doesn't work

[Jason Voorhees]

Most people don’t understand how big the gap between rich and ultra wealthy actually is. I see many people parroting the same shit tax the rich. Tax people heavily after a certain income bracket if only it was that simple

If you are relying on an income paying yourself a salary or even running a business with pass through benefits from an S Corp or LLC you are simply not even in the same stratosphere as the ultra wealthy. Even if you somehow make $2M a year your financial reality is closer to soms shift manager at denny's than a billionaire

My dad is technically rich. Worked for over 25 years in finance, massive safety nets, a big house but financially he has infinitely more in common with me you and the everyday working class than he does with Elon Musk.

Because many niggas here don't understand that an income, a living wage. Regardless of how high or how much it is drop in the ocean. The system is designed to tax production and labor. Oh I make $300k a year. Yeah and that is nothing in the world of the wealthy.

The ultra wealthy don't care about paycheck It lives entirely in asset appreciation and huge stock portfolios. They don't care about income, they borrow against their assets tax free. Assets don't create taxable events unless sold so they operate outside the tax code entirely

These are the real untouchable elite. You can tax income brackets at 90% and they wouldn't feel a thing, because they don't have an income. It's only the upper middle class that is hit. The real ones who cheat the system are asset hoarders. The Tax the rich narrative is easy to understand, follow through and rally people over for some cause but the reality is much more complex.

The truly wealthy have multiple hierarchies and systems in place to protect their wealth.

 

[dipenhydramine]

rape em

 

[Jason Voorhees]

@Chadeep @savage21 @Swarthy Knight @browncurrycel

 

[psychopathic]

People who say tax the rich are just broke losers

 

[huecomundoda2]

Most people don’t understand how big the gap between rich and ultra wealthy actually is. I see many people parroting the same shit tax the rich. Tax people heavily after a certain income bracket if only it was that simple

If you are relying on an income paying yourself a salary or even running a business with pass through benefits from an S Corp or LLC you are simply not even in the same stratosphere as the ultra wealthy. Even if you somehow make $2M a year your financial reality is closer to soms shift manager at denny's than a billionaire

My dad is technically rich. Worked for over 25 years in finance, many safety nets, a big house but financially he has infinitely more in common with me, you, and the everyday working class than he does with Elon Musk.

Because many niggas here don't understand that an income, a living wage. Regardless of how much it is drop in the ocean. The system is designed to tax production and labor. Oh I make $300k a year. Yeah and that is nothing in the world of the wealthy.

View attachment 5184323

The ultra wealthy don't care about paycheck It lives entirely in asset appreciation and huge stock portfolios. They don't care about income, they borrow against their assets tax free. Assets don't create taxable events unless sold so they operate outside the tax code entirely

These are real untouchable elite. You can tax income brackets at 90% and they wouldn't feel a thing, because they don't have an income. It's only the upper middle class that is hit. The real ones who cheat the system are asset hoarders. The Tax the rich narrative is easy to understand and rally people over but the reality is much more complex. The truly wealthy have multiple hierarchies and systems in place to protect their wealth.

View attachment 5184321

Did read

What should we do then jason

 

[CorinthianLOX]

 

[au rêve]

the top 10% of earners already pay the majority of taxes

 

[Brava]

It should be but nobody understands this simple thing

 

[CorinthianLOX]

People who say tax the rich are just broke losers

People who say ’tax the rich’ most of the time don’t understand fundamental economics. The only scenario where ’tax the rich’ would technically work is if we lived in a homogenous high trust society.

 

[Brava]

the top 10% of earners already pay the majority of taxes

Same people who bark for taxing the rich probably are for reparation too

 

[huecomundoda2]

View attachment 5184339

It should be but nobody understands this simple thing

Isn’t Water what someone say when a thread is obvious?

Like four example i say: Brava is chad

Le salludon: Water

All of us:

 

[LTG]

rape em

 

[Brava]

Isn’t Water what someone say when a thread is obvious?

Like four example i say: Brava is chad

Le salludon: Water

All of us:

Well idk. It is water but majority of people don’t understand it. So idk I think to be safe you need to clarify what you claim to be water

 

[Brava]

 

[Old Büll]

Boo hoo you can’t buy a 3rd boat because half the country is homeless and needs help.

 

[discord m0d]

rich people shouldn't exist in the first place
@Lemur

 

[huecomundoda2]

Well idk. It is water but majority of people don’t understand it. So idk I think to be safe you need to clarify what you claim to be water

But is capitalism actually the best way to run a country? I’m curious i don’t know much about the topic

 

[LTG]

rich people shouldn't exist in the first place
@Lemur

elaborate

 

[discord m0d]

jason why did you ignore my tags

 

[huecomundoda2]

rich people shouldn't exist in the first place
@Lemur

If nobody is rich then everybody is poor if you get what i mean

 

[Jason Voorhees]

Did read

What should we do then jason

Norway & Spain. Levy a direct annual tax on net asset values not just what people earn on paper. There are multiple problems and loop holes that exist within it but it's still much better than taxing income

 

[LTG]

anyone who hates the rich for being rich are fat lazy chuds that dont wanna work and want everything handed to them. they're angry someones smarter than them and has a better life.

 

[CorinthianLOX]

Also redistributing immense amounts of wealth and taxing the rich has a risk of creating incentive traps where the person who receives benefits from the govt via taxation has no incentive to do actual work therefore creating a new form of parasitsm.

 

[discord m0d]

elaborate

why would you want insane wealth inequality, makes you feel degraded asf.

People who are pro billionaires are deadass cucks
@Lemur

 

[Jason Voorhees]

@Petsmart @Subhuman

 

[discord m0d]

anyone who hates the rich for being rich are fat lazy chuds that dont wanna work and want everything handed to them. they're angry someones smarter than them and has a better life.

a lot of rich people are nepo babies lol

 

[LTG]

why would you want insane wealth inequality, makes you feel degraded asf.

People who are pro billionaires are deadass cucks
@Lemur

if someone got rich through family without skill then yeah thats not right

but if someone was poor and clawed their way up, you cant really hate them for putting in the work.

 

[LTG]

a lot of rich people are nepo babies lol

if someone got rich through family without skill then yeah thats not right

but if someone was poor and clawed their way up, you cant really hate them for putting in the work.

 

[huecomundoda2]

Norway & Spain. Levy a direct annual tax on net asset values not just what people earn on paper. There are multiple problems and loop holes that exist within it but it's still much better than taxing income

That is actually pretty smart

I personally live in Spain (not tales) and we have free health (pretty good most of the times) and the quality of living is just as high as norway, only difference is that your capacity to save money is better in norway besides being more expensive tho you can save a lot for sure, Spain does have a huge problem when it comes to renting tho, if the minimum salarty is 1200€, the average rent for 1 room is 800-900€ not joking

 

[Saint Casanova]

People who say tax the rich are just broke losers

It’s easy to hate the rich, but are you brave enough to hate the poor ?

 

[CorinthianLOX]

a lot of rich people are nepo babies lol

Just like many goodlooking people were born with good genes with no actual hard work. Life is unfair, you gotta remember that.

 

[discord m0d]

if someone got rich through family without skill then yeah thats not right

but if someone was poor and clawed their way up, you cant really hate them for putting in the work.

It depends to what extent, if your a millionaire, sure.

but if your a billionaire or even trillionaire (which we are gonna have the first of soon), you'd have to do a lot of unethical activities to get there.

 

[huecomundoda2]

a lot of rich people are nepo babies lol

What dose that mean

 

[discord m0d]

Just like many goodlooking people were born with good genes with no actual hard work. Life is unfair, you gotta remember that.

thats why i lean further left, so the people who aren't fortunate can get a better opportunity.

 

[Johnny Bravo]

People who say tax the rich are just broke losers

should i Bring u More billionaire Asses to lick Clean sir

 

[LTG]

It depends to what extent, if your a millionaire, sure.

but if your a billionaire or even trillionaire (which we are gonna have the first of soon), you'd have to do a lot of unethical activities to get there.

people here do anything to look good
why not anything to be rich?
if you think about ethics and things that prevent you from making money, you're losing.

 

[huecomundoda2]

Just like many goodlooking people were born with good genes with no actual hard work. Life is unfair, you gotta remember that.

If everybody is lucky, no one is

This began even before the dinnasour chads were eating eachother, fuck even the stronger bacteria eats the prey one over if you’re not top 1%.

 

[discord m0d]

What dose that mean

its when you have money/status from your parents rather than your own work

 

[psychopathic]

should i Bring u More billionaire Asses to lick Clean sir

The broke loser in question:

 

[Johnny Bravo]

The broke loser in question:

your Opinion

 

[CorinthianLOX]

If everybody is lucky, no one is

This began even before the dinnasour chads were eating eachother, fuck even the stronger bacteria eats the prey one over if you’re not top 1%.

It’s not over. You have to adapt. It’s just natural selection in action.

 

[discord m0d]

people here do anything to look good
why not anything to be rich?
if you think about ethics and things that prevent you from making money, you're losing.

thats because of our current system

In my opinion, i would rather have a left wing government that helps those in need.

 

[filthycurrycel]

Yo lowk if i dnt get a job in 4 years can u Lowk put me on sumn

 

[huecomundoda2]

It’s not over. You have to adapt. It’s just natural selection in action.

There is no adaptation if someone is stronger then you, it’s over, for ppl to succeed there would need to be millions of ppls having shitty lifes

If everybody is succesful, no one is.

 

[LTG]

thats because of our current system

In my opinion, i would rather have a left wing government that helps those in need.

in my opinion, i believe people should work for what they want. most homeless people are homeless because they dont want jobs or they're addicted to drugs. which is their fault. im not saying it isnt hard to get clean and get jobs. but if you want a better life you should work for it, getting handouts from the government which costs taxpayers more money is selfish.
same for illegal immagrants. violent people that do nothing but harm the country and eat up taxpayer money shouldnt be here.

 

[huecomundoda2]

its when you have money/status from your parents rather than your own work

Oh i see

aren’t most of them like this? Like majority of rich ppl haven’t done shit

And they get richer everytime so unless someone in the lineage makes a terrible j*b they will prevail like that

 

[discord m0d]

If everybody is lucky, no one is

This began even before the dinnasour chads were eating eachother, fuck even the stronger bacteria eats the prey one over if you’re not top 1%.

there would still be a hierarchy if you go further left, it just won't be for stupid things like a retarded kid who's dad got lucky or something.

Obviously a hierarchy is necessary for a society to function, thats why im not a communist.
@Lemur

 

[huecomundoda2]

in my opinion, i believe people should work for what they want. most homeless people are homeless because they dont want jobs or they're addicted to drugs. which is their fault. im not saying it isnt hard to get clean and get jobs. but if you want a better life you should work for it, getting handouts from the government which costs taxpayers more money is selfish.
same for illegal immagrants. violent people that do nothing but harm the country and eat up taxpayer money shouldnt be here.

Upvoted

 

[huecomundoda2]

there would still be a hierarchy if you go further left, it just won't be for stupid things like a retarded kid who's dad got lucky or something.

Obviously a hierarchy is necessary for a society to function, thats why im not a communist.
@Lemur

Exactly

Pretty funny that you mentioned communism, in paper it looks like the best option until you realize everyone is equal but the rich, even when they tried to apply communisim there where ppl with more priveleage than others

 

[CorinthianLOX]

There is no adaptation if someone is stronger then you, it’s over, for ppl to succeed there would need to be millions of ppls having shitty lifes

If everybody is succesful, no one is.

Well if you can’t adapt it’s literally over then. Surviving in the world and nature is literally constant adaption.