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Zuckerberg claims regret on caving to White House pressure on content

politico.com

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Re: Zuckerberg claims regret on caving to White House pressure on content

#311

Post by andy_ppp »

foota wrote: post #268
andy_ppp wrote: post #202

Earlier quoted context omitted.

I love your consideration for the financial problems of some of the most privileged people in all of human history. I just don’t really care that much if they get a big tax bill (I’m sure they’ll find a way to pay) and for a variety of reasons it will be good for society.

They're not concerned about the wealthy, but the state of the economy. Bad things happen when the prices of things change dramatically. E.g., if you happen to own an asset that a billionaire now needs to fire sale, you'll lose out as well.

That will only be temporary won’t it, hold your shares or buy more at a discount.

Re: Zuckerberg claims regret on caving to White House pressure on content

#312

Post by andy_ppp »

nomel wrote: post #267
andy_ppp wrote: post #202

Earlier quoted context omitted.

I love your consideration for the financial problems of some of the most privileged people in all of human history. I just don’t really care that much if they get a big tax bill (I’m sure they’ll find a way to pay) and for a variety of reasons it will be good for society.

I think it’s simpler than that. People here tend to enjoy, and have careers around, understanding complex systems. “Consideration” for rich people isn’t required for thinking about the possible impacts of this, especially when the government has a near perfect track record in eventually shifting policies down to the working class.

The impacts could be extremely positive, some people are starting to believe the very richest having an optional tax system in the US is bad for everyone.

Re: Zuckerberg claims regret on caving to White House pressure on content

#313

Post by kansface »

andy_ppp wrote: post #109

I wonder if this is coming up just before the election because of the Harris campaign’s suggested policy of capital gains tax on unrealised gains for people who have over $100m in assets? I think this is a great idea personally given what these people are doing to avoid paying tax including taking out loans against their own share portfolios. Worth thinking about what people are willing to do to not pay billions of d…

> I think this is a great idea personally given what these people are doing to avoid paying tax

I very strongly believe you to be wrong:

1. Unrealized gains is unworkable. Billionaires will spend tens or hundreds of millions yearly to avoid paying literally billions in taxes because the expected value is net positive. The IRS won't win chasing down money scattered across the globe. This is not a productive use of capital.

2. Taxing unrealized gains causes extreme capital flight. This is _bad_ for the US.

3. Taxing unrealized gains will lead to corporations and startups incorporating outside the US and keeping their assets outside of the US. This is _bad_ for the US.

4. Founders would very quickly loose control of the companies they started, including before they exit. That is really bad for startups and the ecosystem.

5. This is almost certainly illegal in the US at the federal level.

6. Every tax for the wealthy eventually targets the middle class.

Re: Zuckerberg claims regret on caving to White House pressure on content

#314

Post by philistine »

adamrezich wrote: post #260
dimitrios1 wrote: post #169

Earlier quoted context omitted.

This is where I really feel my age. Every message board and chatroom (bbs, forums, irc, icq, aol, et all) on the young internet was virtually uncensored and a 100% free for all, yet we all mostly got by. You went to the places you knew to go to. The communities mostly self moderated by kicks/bans. It worked really well. So whats changed? Well, I have my thoughts, but one thing is for sure, as soon as the platform its…

> So whats changed? Gentrification of the Internet by smartphone-wielding normies who were neither prepared nor equipped to deal with the established cyberspace social norms that differed from their meatspace counterparts, as massive corporations rushed to get as many people Online as possible, as fast as possible, so as to target them with advertisements and accumulate and sell their data. Once said gentrifying norm…

Another Eternal September.

Re: Zuckerberg claims regret on caving to White House pressure on content

#315

Post by AlbertCory »

SpicyLemonZest wrote: post #285
AlbertCory wrote: post #248

If you want to see what's been "moderated" away from you on Hacker News: Click your username at the upper right: Turn on "showdead": showdead: yes. (defaults to "no") There are a number of dead posts in this thread. I'd post some here (some of which don't appear to violate any HN guidelines, I'll note), but probably those same moderators would kill this one, too.

Of the four dead comments I see, two are content-free trolling and one is a completely unrelated discussion about Jim Jordan. The fourth is a bit more borderline, but I think a reasonable person could conclude that the commenter is more interested in getting people riled up than having a discussion.

> The fourth is a bit more borderline

The vast majority of comments on political/social topics fit your description. If you're thinking of the one I'm thinking of (not mine, if it matters), I can't think of any reasonable test that would conclude "this should be dead, but all those others can stay."

Edit: it's bigbacaloa's

Re: Zuckerberg claims regret on caving to White House pressure on content

#316

Post by andy_ppp »

rv3909i wrote: post #297
andy_ppp wrote: post #254

Earlier quoted context omitted.

As someone else has said just let them pay their taxes with stock, if that were the case I think it addresses most of your points right?

And if the asset is a farm?

How many $100m farms are there that are not part of publicly traded companies are there in the US?

And again, this is for publicly traded stock portfolios. Private farms won’t be broken up… yet :-)

Re: Zuckerberg claims regret on caving to White House pressure on content

#317

Post by brians »

danans wrote: post #212
tracker1 wrote: post #150

Earlier quoted context omitted.

I feel an exchange tax that included loans would probably be a much better approach. Taxing seated/parked assets, especially on the very wealthy seems like a recipe for disaster. So you have to sell, or leverage the property to pay taxes. What would trying to sell billions in stock at once, or leverage hundreds of thousands of rental properties look like to the larger economy, and what would the effect be? Also, who…

> Taxing seated/parked assets, especially on the very wealthy seems like a recipe for disaster. Idea: tax loans taken out using assets as collateral at regular income tax rates. After all, that money gets used like regular income (living expenses). The taxed amount can then be added to the basis when the asset is sold. It would be like reverse of depreciation calculations. Set an asset and loan value floor so it only…

Yes, but we have to be careful about double-taxing mortgages for ordinary home-buyers. Those home purchases are already taxed by local municipalities—and in many places that hits the SALT cap.

Re: Zuckerberg claims regret on caving to White House pressure on content

#318

Post by simonmysun »

AlbertCory wrote: post #248

If you want to see what's been "moderated" away from you on Hacker News: Click your username at the upper right: Turn on "showdead": showdead: yes. (defaults to "no") There are a number of dead posts in this thread. I'd post some here (some of which don't appear to violate any HN guidelines, I'll note), but probably those same moderators would kill this one, too.

Thanks for sharing this, otherwise I may never know tge meanings of the terms on HN. I hope there was a guide.

Meanwhile I saw a dead post 0 minutes ago, is is true that someone flagged it immediately? I personally don't find the post evil but only little boring.

Re: Zuckerberg claims regret on caving to White House pressure on content

#319

Post by lp0_on_fire »

cempaka wrote: post #114
consp wrote: post #2

He said it is not political and published it at the end of an election cycle ... Of course it is.

[flagged]

> before the Immaculate Assassination Attempt

Can you explain what you mean be "Immaculate Assassination Attempt"?

Re: Zuckerberg claims regret on caving to White House pressure on content

#320

Post by generalizations »

AlbertCory wrote: post #274
IncreasePosts wrote: post #270

Earlier quoted context omitted.

Presumably those accounts are dead because of repeated rule breaking, not because their specific post in this thread broke the rules. And there might be more dead comments here on average because politics+tech draws a lot of a certain type of commenter(the type of commenter that might get banned)

"Presumably" ?? which ones? How do you know?

It's a fairly safe prior - Dang does a pretty great job moderating here & I'm inclined to give him the benefit of the doubt.
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