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"Elected leaders must tax us, the super rich. We'd be proud to pay more."

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Re: "Elected leaders must tax us, the super rich. We'd be proud to pay more."

#21

Post by jacknews »

the problem with tax is that it goes to government

billionaires may well recognize that they are the beneficiaries of a rather unfair system, but they may also balk at giving back their gifts, if it means handing them on to a quite inefficient, often opaque, and quite self-interested institution

maybe a solution is to sell government positions for taxes; the wealthy buy seats in government with increased taxes.

on the surface this seem like a terrible idea, but any self-serving decisions while in government would just lead to more taxes, etc.

in any case we should move away from a system where the ultimate bragging right is how much money you accumulate.

for example, i believe the status of rich ancient romans was tied to the public works that they enabled

Re: "Elected leaders must tax us, the super rich. We'd be proud to pay more."

#22

Post by edgyquant »

blamestross wrote: post #14
edgyquant wrote: post #11

Earlier quoted context omitted.

Or we can stop trying to have the government solve every problem there is and stop taxing people at every instance of money transfer. If you’re an average person your income is taxed, your spending is taxed and any investments you make are then taxed. If you give someone a gift it’s taxed ffs. The end result is a government that spends more than it makes so think tanks can push the idea we need to find more ways and…

> Or we can stop trying to have the government solve every problem there is and stop taxing people at every instance of money transfer. If you’re an average person your income is taxed, your spending is taxed and any investments you make are then taxed. If you give someone a gift it’s taxed ffs. The end result is a government that spends more than it makes so think tanks can push the idea we need to find more ways an…

No it isn’t, you’re proposing adding tons of new taxes on to businesses and it’s some cognitive dissonance that you think this means reducing taxes and spending.

Proposals like this are the reason the right is able to claim climate change politics is nothing more than an excuse to enact leftist policy.

Re: "Elected leaders must tax us, the super rich. We'd be proud to pay more."

#23

Post by edgyquant »

xboxnolifes wrote: post #13
edgyquant wrote: post #11

Earlier quoted context omitted.

Or we can stop trying to have the government solve every problem there is and stop taxing people at every instance of money transfer. If you’re an average person your income is taxed, your spending is taxed and any investments you make are then taxed. If you give someone a gift it’s taxed ffs. The end result is a government that spends more than it makes so think tanks can push the idea we need to find more ways and…

> If you give someone a gift it’s taxed ffs. Not if you're an average person giving normally priced gifts.

This was an example of one of the untold number of taxes our current system requires to extract wealth from literally every transfer of money it can get its hands on. Funny you pick that one and ignore the entire point.

Re: "Elected leaders must tax us, the super rich. We'd be proud to pay more."

#24

Post by edgyquant »

xboxnolifes wrote: post #12
esahione wrote: post #2

Easy to say when you have a foundation that holds all your wealth and you only pay marginal income taxes. That's pure marketing. Anarcho-capitalism is a better idea.

It doesn't specify income-tax.

Then it’s proposing a wealth tax which is even worse an idea

Re: "Elected leaders must tax us, the super rich. We'd be proud to pay more."

#26

Post by xboxnolifes »

edgyquant wrote: post #23
xboxnolifes wrote: post #13

Earlier quoted context omitted.

> If you give someone a gift it’s taxed ffs. Not if you're an average person giving normally priced gifts.

This was an example of one of the untold number of taxes our current system requires to extract wealth from literally every transfer of money it can get its hands on. Funny you pick that one and ignore the entire point.

But it doesn't exist as a means of extracting wealth. It exists because otherwise you could avoid the entire taxation system by just "giving gifts" for every transaction. Many seemingly odd taxes exist for the same reason.

Re: "Elected leaders must tax us, the super rich. We'd be proud to pay more."

#27

Post by hitpointdrew »

riffraff wrote: post #15
hitpointdrew wrote: post #6

Put up, or shut up. If you want to pay more, the fucking pay more, you are free to give the IRS more. I don’t understand why anyone, ever, would be in favor of more or higher compulsory taxes.

> I don’t understand why anyone, ever, would be in favor of more or higher compulsory taxes. because some wealth from the ultra-rich can do a lot of good and has zero impact on them. https://mkorostoff.github.io/1-pixel-wealth/

You need to go back to school any amount of money above 0 is some impact, no matter how rich you are.
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