Bernie Sanders Aims New Tax Hike at Executive Retirement Plans • Hacker News Board

Re: Bernie Sanders Aims New Tax Hike at Executive Retirement Plans

#11

Post by pyuser583 » Fri, Feb 28, 2020, 6:39 AM UTC

What’s fascinating about Bernie is how familiar he is.

A 1960s radical who went to a top level university (UofC), has never belonged to a union, has worked in government or non profit sector all his life, etc.

Never worked for consulting or finance or academia.

There sorts of folks used to be much more common in politics. Now they’re mostly retired.

It’s not bad per se. But not really new. In fact, very very old.

I guess Bernie is the last roar of the 1960s generation.

Very telling that his generation is rejecting him in the polls. 1960s radicals were always divisive an unpopular in mainstream America.

The left hasn’t done a very good job figuring out what it’s next step should be, so taking a step back might be a good idea.

Re: Bernie Sanders Aims New Tax Hike at Executive Retirement Plans

#12

Post by stevenicr » Fri, Feb 28, 2020, 7:53 AM UTC

stuntkite wrote: post #8

I'm pretty privileged and more than happy to pay a reasonable tax on my fortune if people richer than me who can afford to assemble legal tax shelters can be wrangled in to pay their share too. Also, tax churches. If we could incentivize startup structures that are less focused on pump and dump #growthhax and more on creation of organizations that produce value for the communities they are in and the people who trade…

That churches thing - I find they have other benefits too.

Is there a few clicks create a church have all the legal and what-have-you filed and such like stripe does with del corps?

Might be time to setup one of these things.

Re: Bernie Sanders Aims New Tax Hike at Executive Retirement Plans

#13

Post by thundergolfer » Fri, Feb 28, 2020, 8:05 AM UTC

pyuser583 wrote: post #11

What’s fascinating about Bernie is how familiar he is. A 1960s radical who went to a top level university (UofC), has never belonged to a union, has worked in government or non profit sector all his life, etc. Never worked for consulting or finance or academia. There sorts of folks used to be much more common in politics. Now they’re mostly retired. It’s not bad per se. But not really new. In fact, very very old. I g…

Really confused by your comment to be honest. Maybe it’s an age gap thing? because Bernie is a deeply unfamiliar political animal to people who are less than 40.

Also the left knows exactly what it’s need step should be. There’s obvious changes to be made in the areas of healthcare, wealth inequality, and environment.

In what sense has “the left” not got a clear next step?

Re: Bernie Sanders Aims New Tax Hike at Executive Retirement Plans

#14

Post by thundergolfer » Fri, Feb 28, 2020, 8:07 AM UTC

chovy wrote: post #4

peripitea wrote: post #3

Is there any indication this would apply to all ISO/NSOs? Can't read the WSJ article (no subscription), but articles referencing it seem to be saying that it's targeted at highly-paid executives. Obviously this would be disastrous if it applied to all stock options. Just trying to get the facts straight before getting too riled up.

as a middle class tech worker i like bernie but he's going to fuck us over the most.

How exactly? More taxes? Us middle class tech workers will remain totally comfortable under Sanders, and great improvements can be made to environmental and healthcare policy.

Re: Bernie Sanders Aims New Tax Hike at Executive Retirement Plans

#15

Post by mcntsh » Fri, Feb 28, 2020, 8:44 AM UTC

missedthecue wrote: post #2

Looks like this would tax options at vest rather than exercise, essentially ending employee equity comp in startups. Interesting how he wants the workers to own the means of production but also is trying his damndest to disincentivize it.

It's great that a small group of people are getting rich with stocks at tech companies, but maybe another socioeconomic group needs some help for a change.

Re: Bernie Sanders Aims New Tax Hike at Executive Retirement Plans

#16

Post by missedthecue » Fri, Feb 28, 2020, 10:00 AM UTC

mcntsh wrote: post #15

missedthecue wrote: post #2

Looks like this would tax options at vest rather than exercise, essentially ending employee equity comp in startups. Interesting how he wants the workers to own the means of production but also is trying his damndest to disincentivize it.

It's great that a small group of people are getting rich with stocks at tech companies, but maybe another socioeconomic group needs some help for a change.

It does not therefore follow that this rule is the key to making that happen.

Re: Bernie Sanders Aims New Tax Hike at Executive Retirement Plans

#17

Post by stuntkite » Fri, Feb 28, 2020, 10:37 AM UTC

stevenicr wrote: post #12

stuntkite wrote: post #8

I'm pretty privileged and more than happy to pay a reasonable tax on my fortune if people richer than me who can afford to assemble legal tax shelters can be wrangled in to pay their share too. Also, tax churches. If we could incentivize startup structures that are less focused on pump and dump #growthhax and more on creation of organizations that produce value for the communities they are in and the people who trade…

That churches thing - I find they have other benefits too. Is there a few clicks create a church have all the legal and what-have-you filed and such like stripe does with del corps? Might be time to setup one of these things.

It does appear that a lot of people believe religiously that they shouldn't pay taxes. We should all start churches. Maybe get a lawyer or three involved and make enough churches flagrantly abusing the law that the supreme court has to hear a case. The Church of Satan kind of does stuff like that.

They do have other benefits but they very state to state. Like that guy that legalized his ayahuasca church in Kentucky[0] because they have a law that says you can do whatever drugs you want if it's a religious ceremony. It's stupid that you need a church for that, but also pretty rad that he can do it there. It appears to be helping a lot of people.

It appears that there are services for filing the needed documents. StartChurch.com pops up with a quick google. It looks nice.

[0] https://www.youtube.com/watch?v=-88xpl-5ro0

Re: Bernie Sanders Aims New Tax Hike at Executive Retirement Plans

#18

Post by mcntsh » Fri, Feb 28, 2020, 11:19 AM UTC

missedthecue wrote: post #16

mcntsh wrote: post #15

Earlier quoted context omitted.

It's great that a small group of people are getting rich with stocks at tech companies, but maybe another socioeconomic group needs some help for a change.

It does not therefore follow that this rule is the key to making that happen.

Which rule? Owning the means of production (via employee stock ownership programs)? That's not a part of Bernie's campaign at all.

Re: Bernie Sanders Aims New Tax Hike at Executive Retirement Plans

#19

Post by logimame » Fri, Feb 28, 2020, 11:54 AM UTC

thundergolfer wrote: post #13

pyuser583 wrote: post #11

What’s fascinating about Bernie is how familiar he is. A 1960s radical who went to a top level university (UofC), has never belonged to a union, has worked in government or non profit sector all his life, etc. Never worked for consulting or finance or academia. There sorts of folks used to be much more common in politics. Now they’re mostly retired. It’s not bad per se. But not really new. In fact, very very old. I g…

Really confused by your comment to be honest. Maybe it’s an age gap thing? because Bernie is a deeply unfamiliar political animal to people who are less than 40. Also the left knows exactly what it’s need step should be. There’s obvious changes to be made in the areas of healthcare, wealth inequality, and environment. In what sense has “the left” not got a clear next step?

Maybe the commenter failed to distinguish between “left” and “liberal”, resulting in a confusion. Right now it’s the liberals who doesn’t have a clear next step, failing to acknowledge that they are part of the problem for the US’s staggering wealth inequality (which by the way, is the fundamental reason why Trump won), and now just trying to present a more “milder” version of Bernie’s policies to pander to voters.

Re: Bernie Sanders Aims New Tax Hike at Executive Retirement Plans

#20

Post by zimpenfish » Fri, Feb 28, 2020, 12:10 PM UTC

redisman wrote: post #7

chovy wrote: post #4

Earlier quoted context omitted.

as a middle class tech worker i like bernie but he's going to fuck us over the most.

How many major pieces of legislation does a president get through? One or two seems like the median these days. I doubt this is in his top 20 bills.

> How many major pieces of legislation does a president get through?

Without flipping the Senate or replacing McConnell, a Democrat POTUS will get bugger all through unless they can do it through executive orders (AFAIK.)