California plan for wealth tax on anyone who spends 60 days a year in the state

Post by Privacy846 » Sun, Dec 20, 2020, 12:22 AM UTC

syshum wrote: post #150

Pfhreak wrote: post #110

Earlier quoted context omitted.

I make roughly half a million a year. I'm very aware that my tax rate would increase if we started taxing the wealthy more. Please tax the wealthy more. Send the tax man to my house and all my peers. We can afford it just fine.

You do know you can voluntarily pay more in taxes today, right now... Giving money to government is not compasssion, Helping people get food, shelter, healthcare,etc yourself is compassion. Voting for government to use guns to force people to pay what you have perceived as "their fair share" in order to provide those things to people is not compassion, it is self-righteous bullying.

Post by [deleted] » Sun, Dec 20, 2020, 12:26 AM UTC

adjkant wrote: post #111

Trisell wrote: post #95

Earlier quoted context omitted.

I think your premise that they will experience French Revolution like consequences is overlooking the fact that unlike the 1700s. Up and taking your money to another country that still likes you is the click of a mouse and a private jet flight out. So no they won’t capitulate to higher taxes of earlier times. They will just leave. Like they already are at the threat of it.

Maybe a percentage will, but I think when people are trying to guess and assume what these people will do as "rational economic agents", they miss the human factors. No one is going to pick where they go to college based on the taxes on the ultra-rich unless they are obsessed with money. Once rich, are you going to uproot yourself entirely from any family, friends, and connections in the US? You have to consider that…

Post by [deleted] » Sun, Dec 20, 2020, 12:30 AM UTC

ellyagg wrote: post #227

adjkant wrote: post #68

Well I guess I'll take the apparently bold stance here that this isn't the end of Silicon Valley or California and yes this is fair and further, good. When people are getting 5-6% returns on investments (minimum), 0.4% is still not even stopping the rich get richer effect. Not to mention that it's almost certain no one here will ever be touched by this tax. If you're going to move where you live or significantly alte…

Ah, yes, threatening to murder people you're jealous of. This is the content I come to Hacker News for!

Post by jelliclesfarm » Sun, Dec 20, 2020, 12:32 AM UTC

Privacy846 wrote: post #620

jelliclesfarm wrote: post #553

Earlier quoted context omitted.

you are the problem. please set up a charity. feel free to part from your money. there are many of us who cant...unlike some americans, some of us have responsibilities..aged parents living overseas, children, relatives..i would rather use my wealth to make sure that my parents and in laws and aunts and uncles live well before they die. what i am is because of the people who raised me and i owe them a debt before i o…

Someone who earns 500K a year and who wants to be taxed more isn’t the problem. They are a principled social democrat. A thing that a country like the US could use more of. People who look out for themselves and their family only and who wants to make public goods into a voluntarist thing through charities are the problem. They are of no use to anyone except their immediates and are only holding progress back.

Post by [deleted] » Sun, Dec 20, 2020, 12:36 AM UTC

throwawaysea wrote: post #433

adjkant wrote: post #350

Earlier quoted context omitted.

I can't say I have much time to engage today, but since this seems to have some support and a fundamental misunderstanding, I want to address this one. Hatred towards the ultra-rich is not based in jealousy but in a moral stance. The argument is not "I want your 30M" it is that "people having this much wealth is bad for all of society". See: https://www.nytimes.com/2019/02/06/opinion/abolish-billionai... There's much…

Hatred towards the rich when our quality of life has never been higher IS jealousy and petty envy. The fact that slogans like “eat the rich” have been normalized by Millennials and Gen-Z on Tik Tok is clear evidence of it. Imagine the irony of an entire society having leisure time to burn on Tik Tok (or other social media) via a handheld space age device that we couldn’t even imagine 15 years ago, and yet whining abo…