/biz/ - Business & Finance

OH NO THAT WOULD LEAD TAXING THE MILLIONAIRES TOO!

GIVE YOUR MONEY TO SHANIQUA RIGHT NOW!! HOW IS SHE GOING TO PAY FOR HER WEAVE AND HER 7TH KID??

>>15741806
This is how Americans actually think lol

>unholy screeching

NOOOOOO YOU CANT JUST CUT BLOCK OFF THE ROADS CUTTING OFF THE FOOD SUPPLY TO MY DYNAMIC HUSTLE-BUSTLING EXPOSED RED BRICK WALLS BIG CITY

>>15741829
Yeah you’re definitely a billionaire posting on 4chan right now. Get lost fucking faggot

>>15741806
this is the definition of extremely low quality
the worst threads in /biz/

>>15741806
> Because the billionaires will totally pay
> And we won't start any of these programs until we have that funding
> and they won't be disgustingly underfunded due to billionaires not paying
> Thi-this won't ever effect the middle class
> Just support the creation of government programs you will nevet qualify for if you're white and make more than $25K
> Because government dependency is a good thing

>>15741849
GIBS ME DAT RIGHT NOOOW

>>15741868
>>15741856
>>15741840
Yangs freedom dividend solves all of that

>Government bureaucrats know how to micromanage a capitalist economy

It doesn't work, because it cant.

>>15741895
You don’t have anything to give. You live in your momma’s basement. If anything you stand the most to benefit from taxing billionaires

>>15741924
Stop projecting incel

>>15741895

>cuck id

checks out

>>15741941
Post bank account, larper

>>15741957
Pretty much. Libertarians and capitalists are cucks for billionaires and bankers. They think if they lick enough billionaire feet they'll eventually be a billionaire themselves

>>15741976
>projecting this hard

you're the only one here who likes sucking and licking shit, weird motherfucker

>>15741994
Yeah ok lolbert cuck

>>15741976
billionaires would not exist if not for the federal reserve and fiat money

>>15742003
Cope

>>15741806

It has less to do with me NOT wanting to tax billionaires as it does me NOT wanting to have that money go to niggers on welfare.

>>15741806
Who is trying to tax billionaires without taxing people making over 40k? I've never heard of that candidate.

>>15742013
Billionaires should be paying for the niggers they love to promote

>>15742011
sounds like you're the one coping

>>15742055
Sorry I can’t hear you over the billionaire Jew cock in your mouth

>>15742040
Do you think they dont have the highest tax rate?

>>15742013
>some of the money will go to black people so many more white people should also suffer

>>15742063
you realize it was jews who created both the federal reserve and fiat currency right?

>>15742076
Not high enough especially since most of them make the majority of their money in capital gains

>>15742093
>especially since most of them make the majority of their money in capital gains
you think that people should taxed more because the government decides to print money which pushes asset prices higher?

>>15741897
It solves the obesity problem the same way Venezuela did

>>15742144
its literally the only solution proposed to counteract automation

>>15742155
automation is a meme

>>15742155
uh-huh. you dont know what industries will arise after automation occurs. nor did people 150 years ago know what industries would come after their farming/subsistence lives got shelved (95% of the population) because of improved agricultural methods.

>>15741806
Chainlink and Ethereum are going to make me a fortune someday and I'm not letting my foresight fund the hellish lives of a bunch of talking monkies who only want to rape my future daughters

>>15741806
I wouldn't care about billionaires getting taxed if said tax money didn't land into La' Quisha and her 7 niglets' pockets.

>>15742201
>>15742229
It’s funny seeing poorfags like you defending billionaires hoarding all the money just so you can feel better than some niggers. Newsflash: you are no better than a nigger in the eyes of a billionaire. You are just a pawn

>>15742185
>>15742193
Chainlink itself will put hundreds of millions of workers in the unemployment line.

>>15742256
No because when you add some special "everything tax" on billionaires its just matter of time until they lower threshold down to anyone making over $20k/year.
That's why they call themselves PROGRESSIVES. They even call it a PROGRESSIVE income tax

>>15742810

I honestly think it would be better if 80% of poor people starved to death. Only 20% of poor people have any value, according to my interpretation of the 80/20 rule.

>>15742835
The term “progressive income tax” is not derived from the political ideology known as progressivism, but rather from the way the rates progressively get higher as income grows. Fucking idiot

These Socialist (Communist) talking points make me feel secure that no one will ever take them seriously. congratulations on shooting yourselves in the foot

>>15741897

>>15743138
The majority of the youngest generation in America feels more favorable about socialism than capitalism. Enjoy your last years boomer

>>15743274
nice. now its burger’s turn to eat this shit. gulag, starving, etc

>>15741806
you cant tax billionaires because they're smart and you're dumb

>>15743337
Yeah Western Europe is starving from democratic socialism and higher tax rates. Moron

>>15743389
This is you
>>15743384

>>15741911
Yet Amazon and Walmart somehow seem to manage it just fine.

Just use the logistics system we have from Amazon to do some social planning. Easy. We have the technology.

>>15743337
Or maybe we can figure out a way to reduce the insane wealth gap without starvation and gulags.

>>15743384
Oh geez we better do whatever they say!!

Yes, lets give the government more money.

>>15743433
>if i deflect to talking about how the government is corrupt, maybe they'll stop talking about how billionaires pay next to no taxes

Let's tax billionaires and pay black people for life in exchange for elective sterilization surgery

>>15741959
Can't take a picture right now but the number is $46,099,754.23

>>15743442
do you know how much billionaires contribute to society?

>>15743433
the state should be more powerful than a bunch of piece of shit billionaire jews
the jews and global finance being more powerful than the state is the problem, and that can be fixed with more state power

>>15743467
Oh look another “billionaires like shlomo shekelburg are so much better than us peasants” bootlicker

>>15743480
jesus christ my question flew over your head. fucking smoothbrain

>>15743491
We all know it wasn’t a real question, queer

>>15743467
I don't care what billionaires contribute to society. I would like to see society burned to the ground.

>>15741868
Unironically, I do believe the social safety net is one of mankind's greatest accomplishments and it'll probably be remembered as such hundreds of years from now.

Let me get this straight... you think the country is run by an elite cabal of money manipulators, who spend their days hypnotizing the population into buying crap they don't need; who spend their nights hiding money in shell corporations and esoteric financial instruments -- and your plan is: to tax these people? Good luck

>>15743518
>hurr durr these guys are too smart to tax!!!!
Literally kys

>>15743430
dunno man, things are getting worse

>>15741806
I've been a capitalist since most of you are born, but I'm starting to change my opinion on the subject of the rich.

Under US law, we allow business to run free. But once a business becomes a monopoly, we step in because there is value in competition.

I'm starting to think that we need to fight the monopoly on wealth. That there should be an individual "wealth cap".

My plan, which i think shouldn't get any argument is this... a net worth cap of $20 billion per individual. After that you can give it away to family, donate it to charity, or burn it in your back yard; but no one is allowed to have a net worth greater than $20 billion

>>15743538
shut the fuck up nigger

>>15743538
$20 billion dollars is way, way fucking more than anyone will ever need and can burn through in an entire lifetime. But it's the principle of not being allowed to have more than a mandated limit that bugs me. Mind explaining to me the benefits of people not being allowed to have more than that? I don't think it hurts either way.

>>15743538
that's the dumbest shit I read today

>>15742932
RIP most of this board

>>15743502
Gooooooodddd... Gooooooooodddd..

>>15743607
Thank you for at least being willing to debate it.

Here's some random thoughts on the subject...

1. Because, as you noticed, $20 billion is more than anyone would ever need to live, the end result is that any money above the needs, desires, dreams, and avarice of the individual would be saved. And because it is saved (invested actually), the concentration of wealth has a side effect of being concentrated more.

So, for example, $100 billion invested in a no-risk investment with a 2% return would increase the total wealth by $2 billion per year. And it would grow exponentially.

In the long run, this means that not only would wealth continue to consolidate, the consolidation would accelerate. With no upper cap on wealth, consolidation of wealth is a natural side effect of capitalism.

2. It frees the rich to do greater things. Removed from the competition to beat the other guy on the richest man in the world list, the billionaire class would begin to compete in other things; such as... who can improve the world the most.

Imagine, for example, that Gates, Buffet or Soros were forced to divest a certain portion of their wealth each year (to keep themselves at or below the cap), suddenly you'd have the richest men in the world (and in may cases, very smart and very driven), looking for other mountains to climb. Maybe one will want to end disease, another will want to come up with a new form of energy. Either way, the wealth would be much more valuable working in the world instead of sitting as a bunch of numbers in the bank.

(to be continued)

>>15743695

3. Because it's the same principle that runs nearly every other aspect of life. Like I mentioned in my original comment, we don't allow monopolies in this country. Why not? Because history has proven that monopolies limit consumer choices, eventually cost the consumers more, and concentrate too much power in the hands of too few.

So if we limit monopolies in industry, why would we not limit monopolies in wealth? I get that there is an instinct to think it is wrong to limit wealth at all, and I have that instinct too. But I think by making the limit so ridiculously high, you overcome the practical desire to have no limit. Not a limit of $1 million, or $10 million; but a limit of $10 BILLION. A number so large as to be theoretical to nearly everyone, but also so low as to have a practical positive effect on the economy.

>>15743627
Fine, I will dumb it down to /biz/ level by turning it into a crypto example...

... Imagine electricity was free. Imagine that crypto minors did not have to spend their mined coins on running their operation.

... Given a limited number of miners, and the fact that they get a fee on every transaction, what would happen in the long run?

The short answer is... all of the coins would concentrate into the hands of the miners, and which point there wouldn't be enough coins left for the system to run. The concentration of coin would reduce the public supply, which would reduce their availability and use. Eventually, the miners would have all of the coins, and the system would collapse.

>>15743725
>>15743695
thanks

>>15741976
isn't that the think and grow rich strategy

>>15743467

This is why I don’t defend capitalism. Cucks like you have it so internalized that you unironically think billionaires are better people than you.

what the hell is this socialist faggotry i see.

>>15743840
Jewish plot to stamp out ideological resistance

>>15741806
All taxation is theft, I don't give a shit if Jeff Bezos networth is 100 million.

>>15741976
>This is how specialists think

>>15744292
You
>>15743389

>>15744306
*Socialists
Fucking dyslexia

>>15741897

>>15741806
>tax everybody!
>except me of course

>>15742080
Yes

>>15744314
I'm no wagie, bitch. I don't understand why my wanting to keep my income causes leftists to fucking shit themselves and start crying like little faggots about "MUH RICH BILLYUNAIRS".

>>15743082
Actually progressive taxation is an idea that originated as a plank of Marxist communist doctrine.

>>15743538
Give me 10 examples where a monopoly was created by anything other than regulation and lobbying.

>>15744348
Wow you said Marxist and communist so scary now I’m scared of taxing rich people more than poor people

>>15744337
Because this thread is about taxing billionaires, not small fries like you. No one gives a fuck about you

>>15741806
>Tax everyone but not me. Because I'm a poor piece of shit, that's why

>>15744512
Uh yeah, you take more from people who have more. Anything else you’re confused about, Cletus?

>>15742810

I don't think there are hundreds of millions of chainlink investors so there goes that.

>>15741806
>NOOOO YOU CAN'T KEEP THE MONEY YOU EARNED, YOU NEED TO SPEND IT BUYING MY INSULIN AND GENDER STUDIES DEGREE
>HEALTHCARE IS A HUMAN RIGHT!!!!

>>15743396
Western Europe does not have a socialist country in it, retard.

>>15743518
Mr. Fox, didn't you get the memo?

>>15744563
The thread is about taxing billionaires, not muh scary “socialism”. Learn to read

>>15744502
Motherfucker if I'm against taxation because it's inherently wrong I'm not gonna make any exceptions you fucking moron

>>15744502
Also you fucking leftists would tax the middle class out the ass if it meant getting your precious free healthcare. Even Bernie Sanders admitted this, you're fucking full of it.

>>15744527
But I don't care about you, anon. I don't think we should tax billionaires because I'm fine.

>>15741806
>billionaires
Run society, cannot be taxed by other parties
>>15741817
>millionaires
Only group of people who can put any pressure whatsoever on the billionaire class. Nobles vs. gentry, d'épée vs. de robe, etc.

>>15743082
Actually it is.

Good luck taxing my Monero you fucking statist retards

>You need to give the state more power and money!!!
>You need to give blacks and Mexicans more money!!!
>Then we’ll have a Utopia!

>>15744847
>>15744853
>>15744337
>>15744292
>>15744306
>>15744315
we are hitting levels of cringe that shouldnt be possible

>>15743427
Protip: the reason why Amazon and Walmart work is because they have competition and can fail. Imagine if Amazon all of a sudden took control of government and made all other online retailers illegal. Still think they'll give the same service?

Protip: anytime people say they should tax the rich, what they're actually saying is "tax somebody else and give it to me". They consider "the rich" to be an outgroup and don't care if they get murdered in the streets, since it's not their problem. It's the epitome of jealously and envy and is the mark of a terrible person. The idea that you should be able to decide how much wealth a person "should" have is absolute nonsense. You can live comfortably even on 30,000 per year if you live materialistically. Anybody who advocates for socialist policies is either dumb as a brick or evil.

>>15744936
>You need to give the state more power and money!!!
Yes
>You need to give blacks and Mexicans more money!!!
No
>Then we’ll have a Utopia!
Yes

>>15744931
I will literally pay anyone that is able to discover how much XMR I own the entirety of my XMR. You heard that IRS, subpoena my IP and figure it out. Good luck faggots

>>15743467
>do you know how much billionaires contribute to society?
Yeah Kylie Jenner is really contributing a lot to human history

George Soros is just 100000000x better than you goy that’s why he has 100000000x more money
It’s simple math
Stop hating your superiors

nooo you can't point out globalism is wrong because it makes practical billionaire taxation impossible!! that would stop me from living the travel meme and virtuesignaling about refugees
insert meme picture

>>15744948
>Woah dude you just Posted CRINGE
>We're Reahcing levels that shouldn't be possible, hahaha XD
>I luv me some soshulism

>>15745469
t. yet another bootlicker that thinks he’ll be a billionaire some day

>>15745345
What are you talking about?