Why Billionaires Are Actually Ruining the Economy
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Date: 2022-12-15
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Comments and reviews: 14
rap
Calling these tax loopholes isn t necessarily correct. These are legal rules that anyone can use, they just add more value for the ultra wealthy.
Calling it a tax loophole implies that they are doing things shady or getting creative. Some of these are very basic rules (e. g, long term capital gain rates) which is how they are supposed to file their taxes as.
Completely eliminating some of these rules would also hurt normal people. IMHO we need some tax incentives for normal people to invest.
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Calling these tax loopholes isn t necessarily correct. These are legal rules that anyone can use, they just add more value for the ultra wealthy.
Calling it a tax loophole implies that they are doing things shady or getting creative. Some of these are very basic rules (e. g, long term capital gain rates) which is how they are supposed to file their taxes as.
Completely eliminating some of these rules would also hurt normal people. IMHO we need some tax incentives for normal people to invest.
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TheFreePantheist
inflation is a tax on poor consumers, as long as inflation outpaces interest rates you are loosing money NOT being in debt and who can play the credit game bettter than the rich? the corporations? the government? Not to mention the wave of assets they have that can simply whether inflation spikes just sitting there. Insted of taxing the rich we should stop taxing the poor because then we know it will actually wind up in the pockets of the poor and not some beaurocrats
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inflation is a tax on poor consumers, as long as inflation outpaces interest rates you are loosing money NOT being in debt and who can play the credit game bettter than the rich? the corporations? the government? Not to mention the wave of assets they have that can simply whether inflation spikes just sitting there. Insted of taxing the rich we should stop taxing the poor because then we know it will actually wind up in the pockets of the poor and not some beaurocrats
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Kimberly
Contemplate these:
The most dangerous creation of any society is the man who has nothing to lose. - James Baldwin
All of this has happened before, and it will all happen again. - J. M. Barrie
American Revolution, French Revolution, Bolshevik Revolution, Great Proletarian Cultural Revolution (China, etc. all violent reactions to inequity and imbalance.
It is not a matter of if. It is a matter of when.
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Contemplate these:
The most dangerous creation of any society is the man who has nothing to lose. - James Baldwin
All of this has happened before, and it will all happen again. - J. M. Barrie
American Revolution, French Revolution, Bolshevik Revolution, Great Proletarian Cultural Revolution (China, etc. all violent reactions to inequity and imbalance.
It is not a matter of if. It is a matter of when.
reply
talk
Contemplate these:
The most dangerous creation of any society is the man who has nothing to lose. - James Baldwin
All of this has happened before, and it will all happen again. - J. M. Barrie
American Revolution, French Revolution, Bolshevik Revolution, Great Proletarian Cultural Revolution (China, etc. all violent reactions to inequity and imbalance.
It is not a matter of if. It is a matter of when.
reply
Contemplate these:
The most dangerous creation of any society is the man who has nothing to lose. - James Baldwin
All of this has happened before, and it will all happen again. - J. M. Barrie
American Revolution, French Revolution, Bolshevik Revolution, Great Proletarian Cultural Revolution (China, etc. all violent reactions to inequity and imbalance.
It is not a matter of if. It is a matter of when.
reply
Nathan
Blaming the CEO billionaires for the problem doesn't do anything. people will always act in seft interest. And they don't control the tax system, they do have political connections and power but, we need to protest, pointing the fingers to the people abusing the loop holes isn't going to do anything because anybody would do the same. we need to point fingers at Congress to update and close the loopholes
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Blaming the CEO billionaires for the problem doesn't do anything. people will always act in seft interest. And they don't control the tax system, they do have political connections and power but, we need to protest, pointing the fingers to the people abusing the loop holes isn't going to do anything because anybody would do the same. we need to point fingers at Congress to update and close the loopholes
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Zk
If it's hard, then do it hard. Take life on. Say to yourself I won't allow this to stop me. It's worth it to me to pay this kind of price. No one is going to do it for me, I'm the one who has to do this. It doesn't matter what you go through, all that matters is what you do about it. Being driven for greatness is not stopping when you feel tired, it's only stopping when you're done.
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If it's hard, then do it hard. Take life on. Say to yourself I won't allow this to stop me. It's worth it to me to pay this kind of price. No one is going to do it for me, I'm the one who has to do this. It doesn't matter what you go through, all that matters is what you do about it. Being driven for greatness is not stopping when you feel tired, it's only stopping when you're done.
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Anym
oh but the government stiffles competition some will claim. WHICH COMPETITION? Any mega corporation like Apple, Tesla, etc. can just buy their competition out. And about taxes, especially the US is laughably low. 23% corporate tax? a FLAT 23% corporate tax? And that's WITHOUT using the tax loopholes, or sh t like not having an unrealised gains tax.
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oh but the government stiffles competition some will claim. WHICH COMPETITION? Any mega corporation like Apple, Tesla, etc. can just buy their competition out. And about taxes, especially the US is laughably low. 23% corporate tax? a FLAT 23% corporate tax? And that's WITHOUT using the tax loopholes, or sh t like not having an unrealised gains tax.
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Falsificationism
lol Wired is like two Karl Marxes, a Keynes, and a Piketty too late. Not sure they deserve to say actually in the title. This is utterly banal.
We KNOW you guys. That's what we've been saying. for more than a century. And long before that too. Glad you caught up though! Tell your friends!
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lol Wired is like two Karl Marxes, a Keynes, and a Piketty too late. Not sure they deserve to say actually in the title. This is utterly banal.
We KNOW you guys. That's what we've been saying. for more than a century. And long before that too. Glad you caught up though! Tell your friends!
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Meeko
This is even devastating to other middle sized companies, in countries where they have to pay more taxes its usually more worth to sell these companies to a bigger company in a country that pay's less taxes like what my countries biggest companies have done (sold to usa and china)
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This is even devastating to other middle sized companies, in countries where they have to pay more taxes its usually more worth to sell these companies to a bigger company in a country that pay's less taxes like what my countries biggest companies have done (sold to usa and china)
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wired
Billionaires are terrible for the free market, because they tend to accumulate wealth and slow the overall flow of money through the economy. It doesn't trickle down. Whether we go capitalist or socialist, one things true either way- the multi billionaires have got to go.
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Billionaires are terrible for the free market, because they tend to accumulate wealth and slow the overall flow of money through the economy. It doesn't trickle down. Whether we go capitalist or socialist, one things true either way- the multi billionaires have got to go.
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Joseph
There are so many distractions in the world now promoting political correctness to create senseless chaos so the ultra-rich and banks can steal generations and generations and generations of wealth. That s what the video is saying and it s been obvious for a long time.
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There are so many distractions in the world now promoting political correctness to create senseless chaos so the ultra-rich and banks can steal generations and generations and generations of wealth. That s what the video is saying and it s been obvious for a long time.
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SS
I feel it's amazing how this video proves that humans are not racist they are just plain and simple jealous in nature. These arguments and biases towards the present rich reminds me about people's hatred against jews because many of the rich in Europe were jews.
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I feel it's amazing how this video proves that humans are not racist they are just plain and simple jealous in nature. These arguments and biases towards the present rich reminds me about people's hatred against jews because many of the rich in Europe were jews.
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education
This is neat. It s fun to see who tows the government propaganda/smear campaign lines. Soon as Elon is out of the good graces of the MIC/deep state, woke bs, all the companies that smear him are exposing themselves. ELON DIDNT EPSTEIN HIMSELF.
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This is neat. It s fun to see who tows the government propaganda/smear campaign lines. Soon as Elon is out of the good graces of the MIC/deep state, woke bs, all the companies that smear him are exposing themselves. ELON DIDNT EPSTEIN HIMSELF.
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Asleep
When billionaires save, they inflate assets, like buying empty houses, raising housing prices and inflating asset prices for everyone else. Cap capital that can be controlled by billionaires. Not take away their property, just take away control.
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When billionaires save, they inflate assets, like buying empty houses, raising housing prices and inflating asset prices for everyone else. Cap capital that can be controlled by billionaires. Not take away their property, just take away control.
reply
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