81–90 of 305 posts
Unfashionable thought: pay your damn taxes. Loopholes are one thing and IMO should be closed but morality is another. The whole idea that you can make a billion dollar business without being hugely dependent on the infrastructure, education, history, societal background etc that has largely been paid for by...taxes...is utter fallacy. Maybe if massively profitable businesses spent a bit more time doing the right thin…
Earlier quoted context omitted.
This isn't a loophole as much as a completely designed tax break. That's a different deal than some body squeaking around tax law; this was all about trying to change parts of the nature of capitalism's tendency to rerun money to capital more than to labor. If you think it's misguided, I do too. Though I think it's good to invest in under invested areas, I also think we need to counteract the effects of the Henry Geo…
Capitalism these days feels akin to joining a game of monopoly where everything has already been purchased. But feel free to have a jolly time going around the board and paying rent :)
Earlier quoted context omitted.
This isn't a loophole as much as a completely designed tax break. That's a different deal than some body squeaking around tax law; this was all about trying to change parts of the nature of capitalism's tendency to rerun money to capital more than to labor. If you think it's misguided, I do too. Though I think it's good to invest in under invested areas, I also think we need to counteract the effects of the Henry Geo…
Capitalism these days feels akin to joining a game of monopoly where everything has already been purchased. But feel free to have a jolly time going around the board and paying rent :)
This is gross.
This is an argument for either flat tax or a tax system without deductions, otherwise we will always have loopholes like this. You can’t have your cake and eat it too.
But in the meantime, it still makes sense for me to play the game with the rules as they are.
Is this really what people strive for in the USA. To avoid contributing anything back to the country that helped them achieve everything they've ever wanted?
I don't know why you're being downvoted. While I would commonly understand people want to avoid taxes, I think there's a real question in there: Why don't people want to contribute back to an environment that enabled their success? I have too many family members that will avoid acknowledging anything the government does for them. "The social contract."
Unfashionable thought: pay your damn taxes. Loopholes are one thing and IMO should be closed but morality is another. The whole idea that you can make a billion dollar business without being hugely dependent on the infrastructure, education, history, societal background etc that has largely been paid for by...taxes...is utter fallacy. Maybe if massively profitable businesses spent a bit more time doing the right thin…
This is HN. we welcome diversity of views. this view you espouse, is not actually a minority view, but still, its a divisive topic. I'm a high tax kinda guy. If we all had Norway taxes, we'd have Norway sovereign fund and EV and lifestyle (but maybe without SAD, because we're not all that far north)
It’s worse for capital gains and they have a wealth taxes so a lot worse for some.
Earlier quoted context omitted.
This is HN. we welcome diversity of views. this view you espouse, is not actually a minority view, but still, its a divisive topic. I'm a high tax kinda guy. If we all had Norway taxes, we'd have Norway sovereign fund and EV and lifestyle (but maybe without SAD, because we're not all that far north)
Norway oil is way more relevant for your thesis than Norway taxes
Unfashionable thought: pay your damn taxes. Loopholes are one thing and IMO should be closed but morality is another. The whole idea that you can make a billion dollar business without being hugely dependent on the infrastructure, education, history, societal background etc that has largely been paid for by...taxes...is utter fallacy. Maybe if massively profitable businesses spent a bit more time doing the right thin…
Unfashionable thought: pay your damn taxes. Loopholes are one thing and IMO should be closed but morality is another. The whole idea that you can make a billion dollar business without being hugely dependent on the infrastructure, education, history, societal background etc that has largely been paid for by...taxes...is utter fallacy. Maybe if massively profitable businesses spent a bit more time doing the right thin…
Corporations have been doing it for decades, and anyone that doesn't do the same will continue to be taken advantage of.
Unfashionable thought: pay your damn taxes. Loopholes are one thing and IMO should be closed but morality is another. The whole idea that you can make a billion dollar business without being hugely dependent on the infrastructure, education, history, societal background etc that has largely been paid for by...taxes...is utter fallacy. Maybe if massively profitable businesses spent a bit more time doing the right thin…
Infrastructure is just a sliver of the fed budget. Education is funded by property taxes, also a sliver. "History" and "societal background" has absolutely not been "paid for by taxes". If every working American contributed $8,000 in taxes we would have the same revenue as the insanely progressive system we have now. I don't think anyone here would advocate for zero taxes. I think they would simply advocate for less…
Maybe instead the federal government could do inventive things like substantially cut the military budget.