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/biz/ - Business & Finance


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29986418 No.29986418 [Reply] [Original] [archived.moe]

This is absolutely fucking insane. If you have $50 million sitting in investments, the government is now going to force you to to sell at least $1 million of it every year. The implications this will have on stocks, bonds, and the broader economy are disastrous and these deranged commies are actively working towards destroying our country. Fuck this shit, and if you ever vote for a democrat you're a traitor to America.

>> No.29986494

>>29986418
good, fuck them

>> No.29986597

Its funny that you care so much about and lobby for the top 1% because I assure you they don't give a single shit about you, bootlicking fag

>> No.29986641

>if you have 50million

Not affecting me, don’t care

>> No.29986659

>>29986494
>>29986597
>>29986641
It's going to cause a global market crash the likes of which we've never seen before you dumb fucking redditors.

>> No.29986665

Oh no I have a 50 million dollars tjat are mostly disposable to me, yet I dont want to give it to /biz/ neets
Kys faggot. Time for the uber rich to pay up for once rather than print money all day

>> No.29986693

>>29986659
Lol

>> No.29986696

It should be fifty cents and it should start at 10 million.

>> No.29986710

>>29986659
Is that supposed to be a bad thing? Bring down this clown economy with no survivors

>> No.29986714

>>29986494
fpbp

>> No.29986749

>>29986494
What happens when the revenue they gain from this isnt enough?

>> No.29986756

>>29986597
most ppl on this board with brain cells will become the 1% once the current top ages out and dies

>> No.29986767

How is this woman still being elected?

>> No.29986771

>>29986665
>thinking the corrupt, wasteful, bloated, and incompetent government needs every more fucking tax revenue
Jill yourself socialist kike

>> No.29986796

>>29986418
>#BuildBackBetter
This is the official name for The Great Reset

>> No.29986817
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29986817

>>29986418
Nooo not the heckin billionaires running the country to the ground and flooding it with cheap labor

>> No.29986824
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29986824

>>29986418
Id never thought I'd be saying this...thank god for president Biden

>> No.29986835

>>29986659
Take your meds

>> No.29986849

>>29986418
Those billionaires and millionaires that publicly supported and funded the Democratic campaign got what they deserve. Pay up faggots.

>> No.29986863
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29986863

>>29986418
>we're gonna steal money from successful people to pay for our incompetence so that the next Capitol siege won't see us hanging from the trees

>> No.29986868

>>29986659
Good lmao. Fuck this nigger and kike run system. Why do you want to preserve a system so bad in which 90% of citizens cant even afford to own the property on which they live? Its almost like you enjoy being a feudal serf lmfao. Wake up boomer, its not the 1950s anymore, our world is broken.

BTW they printed 9 trillion dollars last year and gave most of it to banks. Its okay, the fuckers can afford to give some back to the citizens too. Again, bootlicking fag.

>> No.29986873
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29986873

>>29986771
Based

>> No.29986874

>>29986494
fpbp

>> No.29986876

>>29986494
based

>> No.29986877

>>29986494
>>29986597
>>29986641
chapo check

>> No.29986881

>>29986771
You retard, the government literally just prints the money it needs to spend. Taxes aren't for revenue, they're for removing supply, like token burns in crypto.

>> No.29986896

>>29986418
I think that is a good idea but it needa modification

How about a 100% wealth tax on anyone with more than 50 million Jewish cells in their body

>> No.29986904

When did /biz/ become this smoothbrained? Do you faggots not understand that government mandated mass selloffs of all assets is going to destroy the value of everything in the economy?

>> No.29986925

>>29986418
imagine being a burger

>> No.29986927
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29986927

>>29986418

Good, tax the rich

>> No.29986933

I see.no problem with this. 50 million would be enough for me and my descendants 10 generations down assuming we never replaced the money we spent.

>> No.29986944

>>29986418
she says
>two-cent wealth tax
and you seem to read it as
>2%

Without reading an article, is it a 2% wealth tax?
Also, why is it bad if capitalists burn a little?

>> No.29986950

>>29986418
Rich people never pay taxes. They did this shit in the early 19th century and everyone just slushed their funds through corps to avoid it as "wealth" during 90% effective tax rates.

>> No.29986958

>>29986418
Wow, so the billionaires will continue to use the offshore system and pay nothing while the serfs will be kept down. Brilliant idea.

>> No.29986977
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29986977

>>29986494
>>29986597
>>29986641
>>29986665
>>29986696
>>29986710
>>29986714

All of you need to go back. What the fuck is wrong with you retards

>> No.29986991

>>29986418
>This is absolutely fucking insane
>the government is about to fuck you
buy a boat,
renounce U.S. serfdom
move to international waters
????
PROFIT

>> No.29986994

>>29986665
Kek, the number of times this exact sentiment has echoed impotently throughout history, yet the plebs are still plebs.

>> No.29987020

>>29986796
This.

These (((buildbackbetter))) cunts need hanging from the nearest lamp post.

>> No.29987053
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29987053

>>29986418
Those with net worths over $50 million won't pay. They will leave the country like they did in France under President Hollande a few years ago when they tried something similar, or find a Jewish accountant who can launder their money. That means the burden for their satanic globohomo agenda will fall onto the middle class, which was their main target for destruction all along.

>> No.29987057
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29987057

>>29986710
mfw anon needs tendies after the crash and has no mercs

>> No.29987087

>>29986418
The rich keep absorbing more and more money. I approve of this.

>> No.29987090

Yeah this is poorly thought out. So if you own a business worth 50 million, you have to pay taxes on that unrealized valuation?

>> No.29987092

>>29986771
Yes you fucking dumbfuck the top 1% have 95% of the wealth yet cry about losing their money because the federal debt bubble popped because (((they))) dont pay their fair share.

Fuck off republidumb coroporate cocksucking faggot.

>> No.29987113

>>29986659
>NNNNNOOOOOOOOOOOOOOO

>> No.29987118

>>29986418
Based Poca Hontas

>> No.29987132

>>29986977
They might not be newfags they have a point
However I doubt this bill is actually going to fix anything.
Money hoarded and removed from local economies is a negative thing though for the middle class

>> No.29987157

>>29986418
oh no, my pearls........ you and every other fag on this board will NEVER have $50,000,000 sitting in an account.

>> No.29987164
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29987164

>>29987053
>middle class
>having $50 million sitting in investments,

>> No.29987169
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29987169

>>29986659
>implying that would be a bad thing

>> No.29987187

>>29986659
Fake and gay.

>> No.29987193

>>29986597
This actually fucks w me. Thanks, wasn’t on my radar. Prob won’t pass

>> No.29987238

>>29986418
I voted Democrat to piss bootlickers like you off

>> No.29987248

>>29986597
It's funny that you care so much about and lobby against the people that pay everyone's paycheck.

>> No.29987251

thats not how it works. if you have $50 million invested you pay zero in the proposed wealth tax. Only weatlh above $50 million gets taxed with 2%.

>> No.29987262
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29987262

>>29987164
>implying they won't just write new laws to go after the new 1% after the old 1% fucks off with all their money

someone's gotta pay for this green new deal anon

>> No.29987268

>>29987164
Nigger did you read what I said? The rich won't pay. This shit has already been tried in France, and the mega rich just set up camp in Switzerland, Belgium, Luxembourg or Monaco.

>> No.29987269

>>29986933
>I see.no problem with this. 1.6 million would be enough for me and my descendants 10 generations down assuming we never replaced the money we spent

t. 1910s era you, four generations ago, and I hope you didn't have that money in something the government could impound.

And if shit gets real bad, 50 million is a loaf of bread in 2060.

>> No.29987273
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29987273

>>29986659
Cool, I gotta buy more BTC

>> No.29987275

The rich people cocksucking I see in this board is depressing. Fucking retards browsing /biz thinking they gonna be like them someday. Fucking morons the lot of you.

>> No.29987286

>>29986597
Think about what happens when Hyper inflation makes us all millionaires you retard.

>> No.29987289

>we all need to do our part
>we are including all households with a $1m networth
>the elderly will need to reverse mortgage their home to pay our yearly tax

>> No.29987301
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29987301

>>29986977
The average interest rate on a savings account in the USA is 0.05%. Do you realize we are literally enslaved? You are literally like the serfs in post-serfdom Russia who chose to stay with their lords despite being free because you are too narrowminded and weak to imagine any other type of world for yourself.

>yeah, everything sucks now, but if we try to better things then they could end up even worse, so lets just stay slaves to our jewish overlords, maybe they're not so bad after all guys haha

>> No.29987309

>>29987132
>Investment
>Money hoarding
What the fuck are you doing on this board, faggot?

>> No.29987340

>>29986494
based

>> No.29987385

>>29987238
>haha i voted for the people who want me broke and enslaved to the state for teh lulz
big brain desu

>> No.29987407

>>29986659
You dumb fuck, it’s good for the stock market, because all those rich Jews needs to take more risk and look for yields instead of cash on the bank doing nothing, and the best way to do it is buying stock

>> No.29987418

>>29987275
That's magaboomers for you.
Billionaires will suck up all their wealth and boomers will clap and tip them for the privilege.

>> No.29987453 [DELETED] 

>have $50m
>buy 1$m worth of some low yield safe thing jan, sell it eoy when this tax hits, netting the IRS nothing because you made fuck all from it
>repeat every year

yes I am jewish

>> No.29987471

>>29987268
What does it have to do with the middle class?

>> No.29987477

>>29987275
give me your crypto. I'll give you a 5% return every year ;)

>> No.29987481

>>29986944
No, she's going to tax people with net worths of $50 million and above two cents each.

>> No.29987484

>>29986418
>disastrous

shut the fuck up. pay up you little bitch. you cant live in America rent free.

>> No.29987486

>>29986418
Well i agree it would be absolutely disastrous, but mainly because the system is out of control for far too long already. Should have been implemented from the start.

>> No.29987501

>>29986659

Oh noooooooo

>> No.29987511
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29987511

Okay, just looked it up - it's only taxing on money beyond $50mil

>> No.29987519

>>29986418
just ask israel for the money.

>> No.29987565
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29987565

>>29986927
>votes democrat
>shorts the stock market
>economy crashes from socialist laws
aaaaah. The high life. Well...unless I get taxed after shorting.

>> No.29987582

>>29986418
NOOOOOOOOOOOOOO, NOT THE SUPER RICH!

>> No.29987583

>>29986494
Based fucking retard lmao

>> No.29987592

>>29986904
In the last few years it got flooded by economically illiterate shitcoiners and redditors.
It's hilarious seeing them moan about how taxes are good because rich bad.

>> No.29987597
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29987597

such bullshit how am i supposed to make it out of 9 figure hell now I just want that sweet billion boys

>> No.29987599

>>29987511
lmao. the rich are going to go full privacy coin before the wagies do.

>> No.29987624

>>29987407
Nobody has $50 million in cash sitting in a bank. Most billionaires' net worth it purely on paper and this will destroy the stock market by forcing massive sell offs to pay the tax. It's literally a transfer of wealth from private enterprise to commie government programs subsidizing niggers and immigrants. Why is that so difficult to understand?

>> No.29987637

>>29986659
Good. Accelerate. Die

>> No.29987651

>>29986418
Based

>> No.29987684

>>29986418
Be prepared for unprecedented levels of offshoring and "alternative investment" fuckery to come from the 1%.

The wealthy will never allow this to come to be - and they'll happily move their funds to a third world tax haven to ensure they never have to deal with it.

>> No.29987694

>>29986944
Two cents is two percent of a dollar

>> No.29987724

>>29987248
Well maybe they shouldn't make those paychecks equivalent to warm shit. It's much better to be homeless than a wagecuck in the modern world.

>> No.29987742

>>29987511
How will they calculate the value of fine art? Oh sorry my appraiser just revalued this 20m painting to 500k.

>> No.29987758

>>29987511
Leaf here, I feel conflicted. On the one hand I hate governments but on the other, ultra rich people shouldn't exist in the first place. Are they going to make the middle class and below pay less taxes? Or are they just going to get more money for themselves and do god knows what with it?

>> No.29987759

>>29986418
NOOOOOO DONT TAX THE HECKIN BILLIONAIRERINOS I MIGHT BECOME ONE ONE DAY THROUGH SELLING
MY POKÉMON CARDS!!
if you weren’t born into a millionaire family the chances you will ever become a billionaire are slimmer than getting hit by lightning multiple times. That’s loser mentality

>> No.29987807

>>29986659
and this is bad how?
the boomer ponzi needs to burst. perhaps they'll grow up and buy crypto, once they pay the price of their complacency

>> No.29987850

>>29986944
Because every tax season a bunch of Johns with 50+ million net worth will rugpull you from the shitcoin or shitstock you own so he can pay this garbage tax you dumb nigger.

>> No.29987889

>>29986597
get a fucking job you dumb nigger

>> No.29987921

>>29986418
Bullish for monero

>> No.29987927

Bullish.

Means money will flow to crypto.

>> No.29987956

>>29987624
They have liquidity. Don't act like they won't be able to prepare for it and at some date they'll have to sell for 1 million dollars at once. It's just a bit more of sell force during a year

>> No.29987960
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29987960

>>29987921
shhhhhhhhh

>> No.29987989
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29987989

>>29987921

>> No.29988018

>the government forcing people to sell their assets is a good thing
>no of course millionaires being forced to sell their assets wouldn't affect any of my investments, what are you talking about
Are you retards serious with this shit?

>> No.29988036

>two cents

She means 2 percent, and she's straight up lying in her speech to make her shitty policy seem more palatable. How could you ever believe you're on the right side when they're never forthright about what they're trying to accomplish? It was simple with Trump. "Build the wall", "cut taxes", no word mincing about it you either agree or don't, but these vermin always dress their initiatives up in misleading language because they know it's thievery.

>> No.29988043
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29988043

>>29987758
If this shit ever passes (not likely, but this is clown world after all), it will take less than a few years for them to adjust the threshold down to 500k or so to make sure that no more goyim claw their way out of the middle class. Meanwhile, jew york boutique firms will have a field day charging their clients to develop strategies to dodge the tax faster than neo in the fucking matrix

>> No.29988079
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29988079

A lot of people in this thread need to be thrown off a Helicopter

>> No.29988092

>>29986418
Accelerate

>> No.29988093

>>29986418

simp

>> No.29988101
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29988101

>> No.29988120

>>29986418
why are boomers still allowed to make decisions?

>> No.29988128

>>29986494
Based. Idgaf about ultra rich people. Inb4
> “rich people will leave the US”
No they won’t. They can already save TONS of money by moving to tax havens as it is. But most of them don’t.
My country has far higher tax rates than the US and the vast majority of very rich people never leave.

>> No.29988131

Why do Democrats pretend to stand for the little guy while they tax the shit out of everything and raise the barrier of entry for investing?
Why are women allowed to run for office?

>> No.29988141

>>29988018
GME was a mistake.

>> No.29988144

>>29986418
How has increased government spending “increased opportunities” in any American market? The bigger the federal government the worse America has become and the only solution these morons can come up with ... is to keep doing the same thing but bigger this time? Boomer siege 2 when?

>> No.29988148

>>29987927
no it's not you fucking retard

>> No.29988187

>people with incomprehensible wealth have to put that money back into the economy instead of holding onto it and inflating the dollar further
How is that a bad thing?

>> No.29988206

>>29987956
I guarantee you that Jeff Bezos does not have $5 billion in cash that he can hand over to the government every single year. That $5 billion is going to come in the form of forced sell offs of amazon stock. Now imagine that happening across the board in every sector of the stock and bond markets every single year.

>> No.29988212

>>29986418
>If you have $50 million
accumulating wealth above 10mm (adjusted for inflation) is excessive, i support this tax
but then again, today it's 50, tomorrow might be 10 and eventually when 50mm is not worth shit anymore this thing can just stay in place and start hurting normal people so there are dangers

>> No.29988215

>>29986659
You don’t understand basic economics/ finance lmao

>> No.29988218

>>29986418
Oh god no, how will the 50+millionaires ever manage to survive?

>> No.29988226

>>29988128
Do you have any investments whatsoever?

>> No.29988254

>>29988101
>inflates the money supply so that the average home is worth 50 million dollars
Heh. Nothin' personal goy.

>> No.29988282

>>29987624
it's not even a problem you make money both ways.
ride the wave down with bobo in a 10 year deleveraging cycle. that might spur real growth at the end of it.

i think if it were done with some real conviction like austerity and simultaneously reducing welfare payments... good things might happen at the end of the tunnel. All those zombie companies that needed to die in 1999 and 2008, finally washed out. New opportunities. I and others might die of starvation in the process but it's better than what is here now.

>> No.29988309

>>29988131
>50 million dollarydoos
>"the little guy"

>> No.29988326

>>29987275
don't you know anon, i'm only one (1) 10x away!

>> No.29988336

>>29988101
>only tax rich people
yeah I can't wait to see what america looks like when all the rich people leave. Oh wait, isn't that India? Yeah I can't wait to be India.

>> No.29988340

>>29986494
>>29986597
>>29986641
>starbucks marxists browsing a board dedicated to pure speculative capitalism and investing
HAHAH pottery

>> No.29988345

>>29988212
They'll just dump their capital into a nation with less restrictions.
Like China or some Arab country.
Dumbass.

>> No.29988354

>>29988282
The economy will never return to growth again if the commies actually manage take over.

>> No.29988358

>>29987309
this

>> No.29988367

>>29987471
because they only people's money they can get at are middle class types who can't into tax havens

>> No.29988372

>>29988309
I can tell you aren't american. Here 50 Million is NOTHING now, you can thank democrats for that

>> No.29988391

>>29986418
Why $50 million? Is it because most of the people if not all lawmakers are below this mark? The people with $51 million would be smart to buy crypto or leave their US citizenship behind.

>> No.29988398

>>29986641
Do you work? Yes? You're fucked.

>> No.29988402
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29988402

>>29988309

>trust me, this tax is only going to be applied to millionaires off in the sky!
>It will never make its way around to you :)

>> No.29988412

Most people with over 50 million are on board with this.

>> No.29988462

>>29986418
$0.02 doesn't sound so bad.

>> No.29988471

Biden would never sign this, thankfully. Increase (realized) capital gains on the ultra rich if anything. The net worth tax idea or the unrealized gain tax idea would completely fuck up the market.

>> No.29988484

>>29986418
bullish for xmr

>> No.29988494

>>29986977
You have the soul of a slave. It is fucking disgusting.

>> No.29988505
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29988505

>>29988336
I have no idea what it would look like, I don't think someone needs 0 tax over $50 mil to be a good CEO or land owner.
But people can also pull a Schiff and go to one of those US territories

>> No.29988510
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29988510

>>29986659
Just buy puts so.

>> No.29988523

>>29986977
> Hand rubbing intensifies

>> No.29988524

>>29988254
Homes aren't overpriced because of inflation. The rich people you want to protect fix prices to maintain the renter class, and they can and will do this regardless of the relative value of the dollar.

>> No.29988531

>>29988367

Can't into tax havens, can't into creative accounting. The tax code is deliberately complex and laden with deductions for a reason, this is how rich people (and they're all in on it) reduce their burden to nothing, while middle class schmucks see the full hit of that 25-40% total every year.

"Progressives" are really just an unholy alliance between the welfare/poor class and the rich. Everybody else is stuck in between, getting misled and confused.

>> No.29988561

>>29987850
Yeah this really doesn't incentive long term position holds which would be better for everyone

>> No.29988563

>>29986418
I’m not in the 50mil category and they can afford it. A paltry 4% return on 50mill is already 2million a year.

>> No.29988564

>>29988412
Because they know their future is either this or the guillotine.

>> No.29988592

Socialists in America won't stop until you stop them.

>> No.29988597

ITT a bunch of retarded salty commie cucks. Go back to plebbit pieces of shit

>> No.29988604

Don't most of these people have their money in all sorts of different places? Like 100 different businesses? That would prevent them from looking like they have more than 50mil.

>> No.29988626

Buy monero

>> No.29988651

>>29986418
So they'll incorporate since this is for individuals and the US government will then seize corporations? Is there an actual point here?

>> No.29988667

>>29986863
t. Jew lover

>> No.29988682

>>29988412
>>29988564

Nah, it's because they aren't going to have to pay it, and have been assured of that by the politicians in the back room. Every time a consortium of billionaires cheers on taxes that will be allegedly levied on them, you should take that as a cue to step back and ask yourself why. These are men who ruthlessly amassed massive fortunes without willingly giving up a single cent.

>> No.29988689

>>29988563
What happens to your portfolio when a bunch of millionaires start selling off aasets to pay their wealth taxes?

>> No.29988697

>>29986418
If you already have 50 mil then you'll make back that 1 million in no time.

>> No.29988701
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29988701

>>29988354
The real economy not growing is the root of all problems. Here's a stat - it roughly $12 in debt to generate $1 of economic growth. All the recent past has been grown on DEBT.
It's not a right vs left thing it's been trending down since the Bush years. The economy hasn't been growing for a long, long time and Trump didn't do anything to reverse it with the four years he had.
Popping the bubble, but also reforming the welfare state is what's needed. There hasn't been a proper bust cycle since Alan Greenspan started the pumping nonsense.

>> No.29988726

>>29987624
As much as I hate the fed, I hate multimillion/billion yuppie cunts more and I'm not likely to hold 8 figures at a time anyway. If they want to avoid the tax, they can buy more shit and stimulate the economy that way.

>> No.29988735

>>29986494
Kill yourself communist. seriously. No one in your life has ever or will ever care about you or enjoy being in your presence.

>> No.29988742

>>29986881
Based and educated pilled. Governments / money printers don’t use standard double entry accounting. Books don’t have to be balanced. Taxes are quite literally a burn wallet

>> No.29988751

>>29986418
why does she talk like she's addressing a room full of pre-schoolers? she looks quite adult in that picture

>> No.29988757

>>29988336
>I can't wait to see what America looks like when all the jews leave
Me either

>> No.29988758
File: 54 KB, 900x900, 2HOQ.png [View same] [iqdb] [saucenao] [google] [report]
29988758

>>29986418
won't somebody please think of the people with 50 million USD in investments

>> No.29988794

>>29988758
fuck off you jewish shill.

>> No.29988800
File: 87 KB, 800x800, 1613950638016.png [View same] [iqdb] [saucenao] [google] [report]
29988800

>>29986418
>hey maaaaan
>the problem is the gubment maaan
>gubment is bloated maaaaaan, they'll totally just waste your taxes bro
>dude, you know there was no income tax in the 1960s bro?
You will be quartered, salted, canned and sent to feed Africa together with those ultra rich fags who dont give a shit about you

>> No.29988801

>>29986418
who needs 50 millon in assets? anything beyond 10 million is beyond greed

>> No.29988815

>>29988564
Your fat larping communist shitskin ass will do nothing. Except maybe flip burgers you wagie fuck

>> No.29988816

>>29986418
But wealthy people don't own shit or pay taxes.....that's the whole point.
Do you think bezos has a few billion in cold hard just laying about in bank accounts?
Or he has all his shares in his personal name?
All of the wealth this clown is talking about is locked up in tax effective vehicles.

Fuck these people are dumb.

>> No.29988820

>>29988735
nice projection, internet tough guy

>> No.29988832

>>29988604
yeah but one jewish step leads to another jewish step
they're coming for them

>> No.29988833
File: 911 KB, 1277x705, Adventure jake scream.gif [View same] [iqdb] [saucenao] [google] [report]
29988833

FUCK I'LL ONLY BE WORTH $49 MILLION AFTER THIS
I AM FINANCIALLY RUINED

>> No.29988854

>>29986494
based
Cry me a fucking river 7 figure faggots

>> No.29988865

>>29988340
They're from reddit they've been here since the election shilling for Bidden.

>> No.29988868

>>29988757
>thinking jews flooding europe will change anything
they will still have power over you, goyim. This isn't an internet tax. You will be poor still.

>> No.29988876

>>29988751
Because leftists have the intellect of a 5 year old.

>> No.29988895

>>29988726
THATS NOT HOW IT WORKS YOU FUCKING RETARD
JEFF BEZOS DOESN'T KEEP BILLIONS OF DOLLARS UNDER HIS FUCKING MATTRESS

>> No.29988913
File: 579 KB, 720x721, 1qtpyodnwwd61.png [View same] [iqdb] [saucenao] [google] [report]
29988913

>>29988697
If you already have $50 then you'll make back that $1 in no time
pic rel its you

>> No.29988915

>>29986863
Judge Jew

>> No.29988923

>>29988800

Yeah you and your gang of niggers, single moms, trannies, and people whining about hate speech on tiktok frighten me

>> No.29988925

>>29986418
All you had to do was vote for the orange man, stop complaining about the grave, you chose it why complain now.

>> No.29988929

>>29988340
>muh marksists!!
you must be 18 or older to use this site

>> No.29988939

>>29988820
Lmao "internet thought guy" you wouldn't be the first shitskin I've killed. Hopefully not the last either.

>> No.29988944

>>29986641
Based

>> No.29988956

>>29986659
>noooooooooo my heckin fiat jew scamarinooooo

>> No.29988962

>>29986710
This. Let them eat each other.

>> No.29988975

>>29988939
send your location. I feel like bashing someones skull in tonight

>> No.29988976

>be Zuckerberg
>wealth is made up of majority share in my company
>forced to sell 2% of my company every year just to pay taxes

No single person will own the majority of a major corporation ever again?

>> No.29988994

>>29988726
how do you hate millionaires more than the fed?
the fed causes every last problem we have anon

>> No.29989004

>>29987684
if they leave, good
if they start evading taxes, throw them in prison
this isn't rocket science

>> No.29989014

>>29986659
I wonder who could be behind this post?

>> No.29989019

>>29986868
>bootlicking

It's weird how only communists use this phrase lol.

>> No.29989029

>>29986849
what companies will be getting this tax money idiot? it aint Wayne's Marine Repair on the corner of jacksons and 5th...

>> No.29989037

>>29986659
Nice.

>> No.29989040

I'd be fine with a smaller percentage, but 2% basically means that the wealthy will never beat inflation unless they invest in riskier assets.

>> No.29989048

>>29988402
>Social Security
Fuck boomers

>> No.29989050

>>29988913
Not the same you fucking retard. That 49 mil is enough to live lavishly for years. A dollar off 50 bucks matters a bit more.

>> No.29989051

IT IS MY GOD GIVEN RIGHT TO BECOME FILTHY RICH AND OWN MORE MONEY THAN I CAN EVER SPEND WHILE EVERYONE ELSE LIVES LIKE PIGS

>> No.29989057

>>29986881
Based and MMT-pilled.

>>29987053
Your tax obligations to the US don't stop just because you move. The US pursues taxes from individuals abroad. You'd have to go to one of the handful of shitty nations that don't cooperate with the US, or Puerto Rico.

The US is so good to rich people in other ways that I don't think many would leave.

>> No.29989059
File: 127 KB, 412x438, jews208.png [View same] [iqdb] [saucenao] [google] [report]
29989059

>>29986659
>OY VEYYYYYYYYYYYYYYYYYY

>> No.29989088

>>29986904
Good, burn it down so I can get in early on the new economy

>> No.29989095

>>29986659
Because a couple of Richfags pay a little more? Do you realize how few people on earth have more than $50million? How very LITTLE they impact the world? Get warren buffets dusty old balls out of your mouth

>> No.29989096

>>29989019

Blows my mind, reveals how insane and contradictory they are. You advocate for the total state seizure of the country and anybody else is a bootlicker.. lmao.

>> No.29989098

>>29988929
>muh

>> No.29989100

>>29987592
>wants to become rich
>not rich now
>thinks taxes on rich are good even though they're always creative with the definition and apply it so it mostly fucks the middle class
>if somehow rich in the future will cry bitch tears about taxes

Pottery

>> No.29989101

>>29988895
So he sells a bunch of stock and lowers the price of a lot of things to the point where other people can buy in again if they want to later. Even if the market crashes to death people will just move onto crypto for investing in their retirements. Sounds pretty comfy to me.

>> No.29989121

>>29989014
this is /biz/. 99.99% rely on the market doing well. Of course we would be concerned about our money being worth $0.

>> No.29989126

>>29987758
Increased tax revenue is going straight back to them. Government has never successfully taxed the rich.

>> No.29989131

>>29988929
I guarantee I've read more Marx and Trotsky than you pseud lol

>> No.29989156

>>29988206
So amazon will become an us gov own company. Who cares

>> No.29989174

>>29989019
It's because commies have produced nothing of value in their entire lives. It's an ideology for the retarded, invalids, and other societal cancers

>> No.29989192

>>29989048

They pitch it like it's not another welfare program when it's really just a massive slush fund where the top 50% of contributors will never see half of what they paid into it and the rest are getting handouts. The worst part about taxes is how you don't get an itemized list of how your money was spent, they just tell you what you're going to get in return..eventually.

>> No.29989208

>>29988206
>well-performing companies have their stock dip because of forced sell offs
>dips are immediately bought because they are well-performing companies, and it stabilizes within a matter of literal hours
Faggot

>> No.29989218

>>29986641
>not boiling yet don't care
t. frog

>> No.29989220

>>29988689
They already do that though
>>29988868
They already did that
>>29988340
How much in liquid assets above $50mil do you have senpai?

>> No.29989237

>>29989095
>people with massive amounts of wealth
>let's trust the federal Jew to FORCE transfer 2% or 8% of that every single year

>> No.29989241

>>29989019
>>29989096
if you advocate for people who own 50MM USD in investments, you're not only a bootlicker, you're just a straight up cuck

>> No.29989260
File: 113 KB, 288x300, 1560163076180.png [View same] [iqdb] [saucenao] [google] [report]
29989260

>>29988923
Those people also vote. Quite easy to manipulate. And the number of degenerates will always outnumber /sig/anons. In this day and age, my moneys on the shitskins. I'll just run away to Israel. The wh*te male is quite frankly doomed. Paypack for all those BTFOds throughout previous centuries. And justice for all....

>> No.29989294

>>29986597
This is very cringe

>> No.29989297

>>29988043
Absolutely this.
Canada has proposed the exact same thing but for families with over 20 million. That may seem super rich but when you consider the cost of living and real estate prices here it's really not.
>Be family farm, same land for 200 years
>Urbanites keep moving closer, developers eyeing your land
>Now worth 22 million due to no fault of your own.
>Government wants 1% a year/ 220k.
>Its more than you make farming
Sell the land, rich goy!

>> No.29989299

>>29989050
jews are so spiteful
we will cleanse the evil from you

>> No.29989307

>>29986597
Communism isn’t a solution to anything.
You only create more poverty and misery. If you want to live in a commie shithole go to venezuela.

>> No.29989310

>>29986597
imagine lobbying for the government to get more tax dollars to waste on blowing up brown children because you're jealous of other people's money

>> No.29989333

>>29988994
It's not by much but I can see the fed not lasting as long as the current group of ultra rich. i\It's very possible a couple of them could effectively buy out the country by paying off its debt and we'll basically be living in Amazon warehouse pods.

>> No.29989344

>>29989241
So you just hate anybody who has a few braincells and did some proper investments? Nameless faces of random successful peopel live rent-free in your head 24/7 and you think others are cucked LOL

>> No.29989351

>>29989307
calling everything communism isn't an argument

>> No.29989355

>>29988564
Lol, sure

>> No.29989366

Imagine cucking for some rich corporate Jews, fuck off, tax the rich they literally don’t need it the bunch of fucking scumbags

>> No.29989368

>>29989299
Nice argument muttoid

>> No.29989393

>>29988412
>it will surely come out of their pocket this time!!1!1!!
Little babbys are so delusional.

https://apnews.com/article/35f90ab8cb504922984a09aebae50ec2

>Amazon made a big splash this week with its $15 an hour minimum wage announcement, but lost in the fine print: Existing warehouse workers will no longer receive stock in the company or collect bonuses.

>> No.29989414

>>29989366
Imagine being such a retard you think they pay taxes

>> No.29989423

>>29989368
anglo or jew, then
same argument

>> No.29989427

>>29989192
All I know at 28 is I'm never going to see an SS check so I'm leaning on my investments and 401k HARD for retirement.
All because dumbfucks couldn't buy fucking blue chip stocks back in the 70's and stashed their cash under the mattress.

>> No.29989430

>>29988494
I'd rather be a slave to alien shape shifters wearing le jew meme masks than alien shape shifters posing as transvestite blackies

>> No.29989434

>>29989307
Leftists are too retarded to understand this. They are just worthless charity cases. When the right finally starts doing a tax protest the left will starve in the street.

>> No.29989440

>>29986418
This is bullish for crypto

>> No.29989442

>>29987511
>Bezos would have to pay a wealth tax around 10 billion
>top 10 richest people in america would have to pay roughly 65 billion
>All billionaires in US would have to pay roughly 204 billion

That's more than an eighth of the US' entire discretionary budget. Sounds good to me, could do a lot of important shit with that money that drives the economy a lot more than paper stocks and bank accounts

>> No.29989472
File: 118 KB, 1080x1020, 121.jpg [View same] [iqdb] [saucenao] [google] [report]
29989472

>>29989366
>Imagine cucking for some rich corporate Jews, fuck off, tax the rich they literally don’t need it the bunch of fucking scumbags

>> No.29989485

>>29986418
pretty based, fuck rich people. even if I make it I won't be within 1/10th of that line.

>> No.29989491
File: 64 KB, 424x570, 1584242431318.jpg [View same] [iqdb] [saucenao] [google] [report]
29989491

>>29988036
Extremely based.

>> No.29989496

>>29986868
Communist Scum

>> No.29989512

>>29989414
>don't try to tax them because they'll just avoid it somehow
can you be any more of a cuck

>> No.29989515
File: 43 KB, 600x686, 820DA168-6F23-4FE7-B5BC-FACC02726AF5.jpg [View same] [iqdb] [saucenao] [google] [report]
29989515

YOU WILL OWN NOTHING AND YOU WILL BE HAPPY

>> No.29989523

>>29989241

This woman just lied about the amount of tax being levied in this very bill, and you think she really only meant people with a NW over $50M? You fucking retard

>> No.29989540
File: 16 KB, 328x370, 1614626638963.jpg [View same] [iqdb] [saucenao] [google] [report]
29989540

>>29989241
>>29989366
>he thinks the rich will pay
>he thinks they won't come for the middle class afterwards
>he thinks people are "bootlickers" for recognising that politicians are not going to fuck with the people that pay them

>> No.29989572

>>29986418
Do it. We must accelerate.

>> No.29989578

>>29989414
I’m a retard because I think rich people pay tax? How do you think I have a National health service bro? Of course rich people pay tax, many swindle the system, but the idea that no rich people pay tax is just as much bullshit as saying they all pay taxes

>> No.29989580

>>29988494
sounds like something a jew would say

>> No.29989582

>>29986659
heaven forfend

>> No.29989607

>>29989241
>he believes politicians when they say wealth tax is just to make the rich pay their fair share
oh poor goyims will always goy

>> No.29989608

republicans have absolutely NO economic policies so I will continue to vote democrat unless proven otherwise

>> No.29989622

>>29989131
>>29989098
you must be 18 or older to use this site.

>> No.29989634

>>29986418
Plebs need to get cash (helicopter money in the form of stimulus packages so far) so they can consoom otherwise the revenue of most businesses will vanish and line will go down.
Fuck Wall Street, they can handle a little tax. I live in a country with VAT and I'm still alright and well. The billionaires didn't flee despite the constant FUD from our mainstream media.

>>29986659
Buy the dip faggot. If you can't handle the bear market profiling at the horizon, cash out and go to bed.

>> No.29989636

>>29989472
Imagine admitting to yourself that you will never be worth 50 million and just quitting on your goals. But I guess Communists and other shitskins never had goals to start with. Fucking leeches

>> No.29989637

>>29989344
Show me a single person on /biz/ that has anywhere near the requisite funds to worry about this. You won't.

>> No.29989638
File: 22 KB, 242x520, 1596867692760.jpg [View same] [iqdb] [saucenao] [google] [report]
29989638

>>29989057
they could just renounce their citizenship and pay the 30% wealth tax

>>29986977
>if you disagree with me you must leave my echo chamber
2015 era /pol/ newfag

>> No.29989642

>>29989100
What part of "liquid assets greater than $50 million" applies to the middle class?
>>29989414
Then why do you care?
>>29989440
You would still get taxed on it

>> No.29989655

>>29989540
well when she starts talking about taxing the middle class more, let me know. this particular proposal is a good one

>> No.29989669

HOW ARE THERE SO MANY ECONOMICALLY ILLITERATE RETARDS ON THIS BOARD
HOW THE FUCK ARE YOU ON A BOARD FOR INVESTING YET YOU THINK THAT MILLIONAIRES ALL BEING FORCED TO SELL THEIR INVESTMENTS WONT FUCKING AFFECT YOU
WHAT HAPPENS TO YOUR FUCKING SHITCOIN WHEN EVERYONE SELLS IT? DO YOU LOSE MONEY OR DO YOU GAIN MONEY?
WHAT HAPPENS WHEN ELON MUSK IS FORCED TO SELL WHATEVER GARBAGE HE SHILLS ON TWITTER? DOES THE PRICE MAGICALLY STAY THE SAME OR DOES A SUDDEN LARGE DUMP CAUSE A CRASH?
I KNOW A LOT OF FAGGOTS ARE REDDIT REFUGEES SO YOU PROBABLY BOUGHT DOGE BECAUSE LE EPIC WHOLESAME CHUNGUS ELON MUSK TOLD YOU TO
GUESS YOU FUCKING REDDITOR FAGGOTS DOGECOIN IS NOW WORTH $0 BECAUSE THE GOVERNMENT FORCED EVERYONE TO FUCKING SELL IT AND CAUSED A CRASH AND NOW YOU'RE MAKING A FUCKING POST ON /R/COMMUNISM ABOUT HOW THE RICH CAPITALISTS CAUSED YOU TO LOSE ALL YOUR MONEY

>> No.29989684

>>29989622
go back to discord tranny

>> No.29989691

>>29989578
Wait, so rich people are paying for the national health service?? Why is your country in massive debt then?

>> No.29989705

>>29989512
This is just a theatre for your kind of people.

>> No.29989717

>>29986494
yep, you get what you vote for. if i could, I would short america for the next 20 years, 50 years tops.

>> No.29989732
File: 60 KB, 671x642, 1600223542973.jpg [View same] [iqdb] [saucenao] [google] [report]
29989732

>>29986597

>> No.29989747

>>29986418
Senator Shitting Bull.

Ignore this cunt. She is too incompetent to get anything passed.

>> No.29989749

>>29989608

t. Shaniqua Jackson, single mommy of 5

>> No.29989760

>>29988524
>fix prices
meanwhile foreign investors regularly buy residential american homes at 120% asking price sight unseen. where does the price fixing fit in this puzzle?

>> No.29989761

>>29989717
I'm longing china x50

>> No.29989766

>>29989669
Because the market crashes regardless you cuck. Were you alive in 2007-2008?

>> No.29989768

>>29989669
I miss libertarian 4chan, it was good...

>> No.29989769

>>29989669
Uh I buy the dip retard, what happens to you?

>> No.29989779
File: 1.05 MB, 480x270, 1611850326548.gif [View same] [iqdb] [saucenao] [google] [report]
29989779

>>29986659

>> No.29989786

>>29989669
shut up retard.
rich people sell their investments every fucking day. this won't change anything
and you say "millionaires" when this is specifically about people with 50MM+, which is an entirely different class than just millionaires. kys, cuck

>> No.29989791

>>29989717
oh shit, I misinterpreted your post. buddy, it's this shit that is going to destroy you. You won't be part of the inner club. You won't have the voice you think you will have. You will be another cog, worse than what you are know. You will never be free. This is how the American hegemony dies.

>> No.29989800

>>29989472>>29989414
System cucks, let’s let the elite suck me dry and kick off when people try to tax them, absolute spineless wankers

>> No.29989821

>>29986659
Holy fuck you're dumb

>> No.29989822

>>29989747

I'm pretty sure she's just a stage prop to make the neoliberals look tame and rational in comparison

>> No.29989830

>>29988531
isn't it nuts that crypto could automate away the entire tax indus

>> No.29989839

>>29989769
yeah buy the dip with your zimbabwe money!

>> No.29989845

>>29989669
Cash out if you are so worried about the impeding crash instead of whining like a faggot on a Bhutanese coffee trading forum

>> No.29989848

>>29987275
Your hatred of rich people is an admission that you will never be rich yourself

>> No.29989851

>>29989768
Sorry man, we all grew up

>> No.29989852

OH NO NOT MY MILLIONAREINOS

>> No.29989856

>>29989636
I think almost everyone in the world is pretty realistic and accept the fact that they won’t make 50million. But I mean, you can keep trying but the the odds are heavily stacked against you. But sure, keep opposing regulations that would help you to ensure that someday, maybe, in an extremely unlikely scenario that it could affect you. How close to 50mil are ya?

>> No.29989857

>>29986597
oh fuck off you stupid fucking moron. You think the political class gives a fuck about you buddy?

>> No.29989863

>>29989768
there's plenty of lolbertarian echo chambers for you to rot your brain in elsewhere.

>> No.29989873

>>29989786
You're right, this will only change what country they keep and trade their investments in. I think its a great idea, as the end of the united faggots of niggeria is a good thing.

>> No.29989891

>>29989669
Amen, but they will never learn. Just take care of yourself and your frens/family anon. God Bless.

>> No.29989894

>>29988128
>$50 million
>ultra rich
Retard zoomer commie confirmed. Kill yourself now.

>> No.29989912

>>29989691
Who are we talking about when you say the rich?

>> No.29989921

>>29986597
I don't care if they don't like me and I don't care if they go broke and die in a ditch tomorrow. What I do care about are these fucking pricks who get elected because of lobbying by foreign governments and then go power crazy fucking the country over. If I could snap a finger and erase every person employed by the federal government, illegal alien, and people that actually voted for Biden I would do it.

>> No.29989938

The Red Scare has been the best thing that has ever happened to rich people.

>> No.29989945

>>29989637
>Show me a single person on /biz/ that has anywhere near the requisite funds to worry about this.
Kek you haven't been around here very long have you? Also If you think they will stop at 50 million you are a class A retard. 90% of Candadian liberals support a 1% tax on people with over 16 million USD. They consume the same news and Hollywood garbage as your lefties.

>> No.29989946

>>29986418
OHHHHH LINKKKKIEESSSSSSSSSSS
>You've finally made it and you were planning to never sell
>Proceeds to get the government to force you to sell

>> No.29989951

>>29989839
Well I'm not putting it into bonds that's for sure

>> No.29989954

>>29989863
>lolbertarian

>> No.29989974

>>29986418
Glad to see antisemitism making a reentry into the political spotlight.

>> No.29989977
File: 72 KB, 726x720, 1605625675386.png [View same] [iqdb] [saucenao] [google] [report]
29989977

>>29989218
kek

>> No.29989992

>>29989856
We're all going to be millionaires soon enough. Even you.

>> No.29989993

>>29989636
I expect to be worth 50 million within the next 10 years and i'm not enough of a retarded piece of shit to think there is a single downside to this. they should increased it by an additional 0.5% for every subsequent $50 mil

>> No.29989999

>>29986418
Holy fuck dude get over it. It's not that much and what good is your money if the country is crumbling and there is civil unrest?

>> No.29990000
File: 83 KB, 482x730, 1610060047863.jpg [View same] [iqdb] [saucenao] [google] [report]
29990000

>>29986418
The "Pandemic Inequalities" were caused by her party. This pandemic has basically been one big scam to transfer wealth from small business to big business. Now they are wondering what happened?

>> No.29990018

>>29987275
The only disgusting thing here are commie traitors like you.
You’re the globohomo elites’ minions and you have the audacity of calling other people bootlickers. You’re supported by all the media, all the big corps, the police protects you, etc, etc yet you call average people “bootlickers”. Communism ALWAYS fails and will ALWAYS fail and yet you always think that this time it’s going to work. The only thing commie cucks like you generate is more poverty and misery.

You’re a disgusting commie cuck. Go back to r*ddit.

>> No.29990020
File: 1.47 MB, 360x360, 1588340144835.gif [View same] [iqdb] [saucenao] [google] [report]
29990020

>>29989004
>put
>the
>rich
>and
>powerful
>in
>prison

Dude. Grow up.

>> No.29990027

>>29989297
Christ dude EXACTLY this. Stupid motherfucking rentfags don't understand what they are talking about.

>> No.29990034

>>29989912
Point is all your services don't get paid by taxes. Developed socialist countries have such bloated services and such small economies that a 70% tax rate would not pay for 1/3 of a generation of benefits. Hence the debt spiraling, hyper inflation situation we live in.

>> No.29990042

Going to brutally frank with you OP.
If your sitting on more than $50 million and you don't flip $1 million every year, what the fuck are you doing with your time and money.

>> No.29990045

>>29986659
It won't. Rich people are very good at making sure the government gets the absolute minimum or less.

>> No.29990056

>>29990000
cringe

>> No.29990064

>>29989669
You're an economic illiterate.

This is why you're still here, you don't understand economics.

>> No.29990068

>>29986418
>BuildBackBetter
Built for Big Black Chimp-outs

>> No.29990070

>>29989945
Could have just said no or not replied at all, you moron. Stop embarrassing yourself.

>> No.29990074

>>29989993
>Just piss in my mouth all you want! I'm an open toilet for you! Please USE my body however you wish!

>> No.29990079

>>29989894
t. $10k robinhood account

>> No.29990095

>>29986418
Buy Gold and Silver

>> No.29990108

>>29986418
Nah fuck you. Those pieces of shit should pay their fair wage asshole. You’re not a billionaire why the fuck you defending that greedy ass shit.

>> No.29990118

>>29989894
>t. guy who has never seen 100k in his life, let alone 1 million, let alone 50 million

>> No.29990124

>>29986597
>>29986494
faggots

the wealthy create jobs if yo tax them, they take the industry with them

you are just like niggers, you persecute those who make a place good to live and after they leave you wonder why it turns into a shithole, kill yourself

>> No.29990130

>>29989297
20 million Can is too low.
50 million USD while I'm never going to endorse that is high enough I personally wouldn't oppose it.
It's going to force hedge funds.

>> No.29990137

>>29986418
>2% wealth tax
We already have that, it's called inflation

>> No.29990143

>>29989839
>zimbabwe money

Take your medication

>> No.29990158

>>29986418
>>29986659
As if it's actually going to pass.
Good god you people are such alarmists.

>> No.29990170

>rich people find loopholes to not pay their taxes anyway!
>So we should never try to make them pay their taxes

wtf is this logic

>> No.29990173

>>29986494
>>29986597
>>29986641
>>29986659
The income tax only applied to millionaires once too

>> No.29990182

>>299866

>> No.29990185

>>29986418
Linkies should pay attention to this, it'll fuck you over by the end of the year when LINK hits $1000.

>> No.29990226
File: 771 KB, 970x545, 1568749079180.jpg [View same] [iqdb] [saucenao] [google] [report]
29990226

>sit on my cash thinking bank deposit is the safe way, waste 5 years like that
>realize how retarded I am and how I am missing on investments, deposit can't even cover mad printer inflation
>decide to put some into crypto
>next day btc crashes
>ok maybe should diversify some into stocks
>this thread before my IB deposit was even approved
You know, I think I just needed to waste it all on hookers and cocaine when I was young, instead of hoarding like a moron. And now it will all just perish in hyperinflation.
Life already gave me the lesson about greed when I was little, but I didn't take it seriously. Time to die.

>> No.29990230

>>29990143
reddit and/or discord tranny

>> No.29990231

>>29986418
itt: idiots who completely miss the point. The problem here is a government that's willing and able (allowed?) to arbitrarily decide that people have too much money, and that it needs to be redistributed to PoC. Read between the lines -- whenever you see 'inequality' 'fairness' 'opportunity for all' or similar; they are NOT TALKING ABOUT YOU: white, middle class people.

Sure, right now this is just those 'poor heckin billionarinos', but do you think it won't trickle down to whack middle class white america? Shit like this is the opening salvo in the class warfare the left has been itching for since at least 1980. Basically anyone with the means will leave (or at least their assets will), and the gov't will ratchet up the confiscatory policies and target ever decreasing levels of wealth until the US is one seething morass of poor people. And all the while, they'll blame the collapse on white men.

>> No.29990241
File: 407 KB, 514x486, 1614118707984.png [View same] [iqdb] [saucenao] [google] [report]
29990241

>>29989766
HAHA DUDE CHILL MARKET CRASHES HAVE HAPPENED BEFORE SO LETS JUST CAUSE ONE ON PURPOSE
IF YOU'RE OK WITH LOSING YOUR MONEY THEN JUST FUCKING GIVE IT TO ME

>>29989769
YOU AND YOUR FRIENDS ON REDDIT USING YOUR FUCKING FUNKO POP MONEY TO "BUY THE DIP" WON'T STOP A FUCKING CRASH YOU RETARD

>>29989786
SHUT THE FUCK UP YOU RETARDED REDDITOR THATS NOT HOW THE ECONOMY FUCKING WORKS

>> No.29990253

>>29990000
Quads of truth. We'll eat them alive when we're rich now. Bread is on the rise.

>> No.29990257

>>29990173
The income tax used to not exist and only corporations were taxed. Democrats have been worsening the situation in America since they created their party.

>> No.29990258

>>29990170

How about you fix that problem, dumbshit? Simplify the tax code. Why would we want to hand even more money over to a broken, wasteful system.

>> No.29990269

>>29990124
>they take the industry with them
NOT THE HECKIN HEDGERINOS
Stop parroting retarded talking points you sound like a nitwit

>> No.29990290
File: 993 KB, 360x201, PleasedAjarBoilweevil-small.gif [View same] [iqdb] [saucenao] [google] [report]
29990290

>MAXIMUM WAGE

>> No.29990317

It's above 50m so if you only had 50m you wouldn't have to pay any extra taxes. I'm sure this is only for individuals too and big investment firms with lobbying power won't be affected by this law. Anyone with over 50m is probably smart enough to avoid paying it too

>> No.29990356

>>29990269
>someone who doesn't work
Yeah, I'm totally seeing your point. Go on and finish the sentence.

>> No.29990370

>>29990241
>HAHA DUDE CHILL MARKET CRASHES HAVE HAPPENED BEFORE SO LETS JUST CAUSE ONE ON PURPOSE
That is what 2007 was you fucking moron lol. How is this any different?

>> No.29990392

>>29990130
>that is high enough I personally wouldn't oppose it
Which is exactly why they started with that figure.

>> No.29990422

>>29986418
>"I'm introducing a bill"
>INTRODUCING A BILL
This has no chance in hell of passing. Republicucks and centrist dems will block the fuck out of this.

>> No.29990434

>>29990241
based

>> No.29990440

>>29986597
speak for yourself, nigger.

>> No.29990468
File: 52 KB, 380x346, Screen Shot 2021-01-30 at 1.45.27 PM.png [View same] [iqdb] [saucenao] [google] [report]
29990468

>>29990124
>teh JOB CREATeerrss

>> No.29990471
File: 81 KB, 1024x1024, 7D118528-CADD-47E6-A592-D73717132E2C.jpg [View same] [iqdb] [saucenao] [google] [report]
29990471

>>29989100
>we can’t tax the rich because I plan to own over $50 million in liquidity later
Lmao got your degree right here

>> No.29990486

>>29990241
>YOU AND YOUR FRIENDS ON REDDIT USING YOUR FUCKING FUNKO POP MONEY TO "BUY THE DIP" WON'T STOP A FUCKING CRASH YOU RETARD
utterly retarded

>> No.29990487

>>29989057
>The US is so good to rich people in other ways that I don't think many would leave.
lol I'll be gone and citizenship renounced before I hit $2M.

>> No.29990492

>>29988976
His wealth exists in no small part bc the government has pumped trillions of dollars of funny money into the stock market. They’re just decreasing the supply of funny money. If he wants to maintain his wealth he must remain productive and GROW. Poor people without assets get eaten by inflation. This makes the ultra wealthy who’ve been coddled by the government feel the effects of inflation

>> No.29990501

>>29986659
and its going to be fucking beautiful

>> No.29990509

>>29990422
nigga what is a centrist dem

>> No.29990528

>>29990370
OK SOMETHING BAD HAPPENED BEFORE SO LETS DO IT AGAIN THATS A FUCKING GENIUS IDEA ANON IT WOULD SO FUCKING PLEASANT TO LIVE THROUGH ANOTHER FUCKING GREAT DEPRESSION

>> No.29990551

>>29986904

You're me a few years ago. Take one more pill to realize the economy is already dead. 1/5 in the US isn't paying rent. Real unemployment is probably 30-40%. Stim checks will become universal basic income in a few years. Take your gibs, invest in crypto, prepare for the citadels

>> No.29990558

>>29990422
you gotta see the frog boiling mentality at play here.
20 years ago the concept of reparations was laughable
10 years ago it was a pipe dream
5 years ago it was unlikely
now? seriously being considered.

>> No.29990563

>>29990422
I just can't even read the wording -
>net worths above a million
>just a few cents more
>only billionaires
How do people eat shit like this? This is just as bad as the:
>inflation is a sign of a healthy economy
headlines

>> No.29990633

>>29990486
YOUR FUCKING FUNKO POPS ARE NOT A SUBSTITUTE FOR BILLIONS OF DOLLARS IN INVESTOR MONEY

>> No.29990690

>>29990317
What this means is once you hit $50m you put the rest into overseas brokerage accounts with no tax on foreign income (Panama for example), or you create a non-profit organization or beneficial trust for yourself. People might start holding more physical gold at offshore banks like Switzerland or Singapore as well.

Basically nobody will pay this tax unless they win the lottery or something and are temporarily worth more than $50m.

>> No.29990692

>>29990528
So you're going to answer my question or just keep screaming in caps like an autistic retard?

>> No.29990704

>>29990471
I replied to the wrong post and am the real clown

>> No.29990710

>>29990356
>there was no industry in the US before billionaires existed
I wish you knew how retarded you actually sound. I really don't give a fuck about whether the IB/PE and hedge fund industry take a hit.

>> No.29990761

>>29990392
WE HAVE TO DEFEND PEOPLE WITH 50 MILLION DOLLARS, GUYS

>> No.29990795

>>29989669
this

seeing all these dumbasses in this thread makes me sick

>> No.29990804

>>29990692
What is your fucking question? That something bad happened before so you're asking why can't we do it again?

>> No.29990810

>>29990761
>he doesn't have 50 mill yet
you had 12 years anon

>> No.29990814

>>29990392
Sure but its not like anyone's done anything to oppose socialism globally so yeah.
This is how people end up in this mess.

>> No.29990819
File: 53 KB, 982x726, Biden_Cabinet_Interior_00102[1].jpg [View same] [iqdb] [saucenao] [google] [report]
29990819

>>29990509

>> No.29990828

>>29990633
>OMG THE SKY IS FALLING BECAUSE BILLIONAIRES HAVE TO PAY 4%
Kill yourself

>> No.29990840

>>29990710
>compares the present economy to the economy of america in its infancy

based retard

>> No.29990889

>>29988735
shut up jew

>> No.29990903

>>29990795
suck more bezos cock, fag. he doesn't care about you. oh, and you'll never have 50 million USD in investments

>> No.29990915

>>29990269
you’re a dumbass

read basic economics you stupid fuck

>> No.29990927

>>29990828
>billionaires
>above 50 million on first round of implementation

>> No.29990930

>>29990761
It's ironic, I'm a low tax guy personally but its hallerous to me that after the wealthy have watched the middle glass globally get ass hammered for years now they get a tax and its "omg end of the world guys".

Should have stuck up for others when they had the chance.

>> No.29990952

>>29989636
HOW CAN YOU COMMIE KEKS NOT SEE THAT THIS IS JUST AN EMBRYO?? HOW CAN YOU FUCKING RETARDS NOT UNDERSTAND THAT SOONER THAN LATER THEY WILL APPLY THE SAME SHIT TO PEOPLE WITH JUST 100K AND 500K IN ASSETS? ARE YOU SO FUCKING BRAIN DEAD THAT YOU CAN’T SEE ANYTHING BEYOND 5 MINUTES OF WHAT’S HAPPENING NOW?

YOU USELESS SATANIC PIECES OF SHIT WILL DESTROY ANY HOPES OF SOCIAL MOBILITY FOR ANYONE WITH DRIVE JUST BECAUSE YOU’RE TOO LAZY TO DO IT YOURSELVES.

COMMUNISM ALWAYS FAILS AND WILL ALWAYS FAIL BECAUSE IT DOESN’T FUCKING WORK.

>> No.29990962

>>29990370
You idiot, we lucked out with brazil saves. You don't know shit.

>> No.29990989

>>29990840
>things have magically changed such that if we don't suck billionaire cock 24/7 there will never be jobs in america ever again

>> No.29991013

>>29990840
>thinks that America will collapse because of a 2% tax on net worth over $50million
>thinks America collapsing is a bad thing
cringe retard

>> No.29991025

>>29990828
If you can't understand why rich people dumping all of their assets at the same time is a bad thing for your portfolio, you dont belong on this board.

>> No.29991038

>>29990952
Dumb ass, the middle class globally is already decimated.

You people sat on your hands too long.

>> No.29991040

>>29990952
Chill brother, Allah is in control. May the wicked continue their error and burn in their own fire.

>> No.29991047
File: 13 KB, 480x360, 897237136.jpg [View same] [iqdb] [saucenao] [google] [report]
29991047

>>29986977
>Black lives matter
>On a fucking bomb
>That is inevitably going to be dropped on middle eastern children
I'm fucking dying

>> No.29991091

>>29990952
>2% tax for anything past 50 million dollars
>communism
u mad

>> No.29991146

>>29991047
With niggers jews and trannies too, all the fun atrocities you can do!

>> No.29991148

>>29990804
Cool you can talk like a human being with an IQ of over 80. Just checking.
Explain to me how this will affect a single thing when kikes playing shuffleboard with the economy will crash everything again in 15 years regardless?

>> No.29991154

>>29990915
Show me the part about how a country collapses on itself if it doesn't have a bunch of kikes manipulating markets or if those same kikes have to pay between 2-4% tax on their assets above $50 million and $1 billion respectively

>> No.29991212

>>29990468
No, it’s a useless parasitic shitskin like you that creates jobs, lol

>> No.29991223

>>29990903
that’s all it’s about projection boy, you’re just envious of their success because you are a loser so you want to tax them for no reason, the same reason a feminist hates a young mother because she is a childless old bag. You’re very dumb, get educated you stupid fuck, it will be the death of you.

give not incentive to do major business -> the businesses will relocated -> the economy will suffer

you are so fucking stupid you can’t see past your own envy and project it onto me. get a grip you dumb fuck

>> No.29991226

>>29986659
uh
good

>> No.29991259

>>29986944
>Also, why is it bad if capitalists burn a little?
Because they have given us everything and anything that's good about life, whereas communists have never produced a single thing of use to anyone. People living under communism starve whereas under capitalism you either thrive or are taken care of using the massive surplus created by capitalism. This is supported by all empirical evidence but you don't need it, if you have even a resemblance of a brain you immediately understand what will be the consequence of communism just from reading a bit about it. It's elementary game theory, folks.

>> No.29991311

>>29991154
kill yourself you stupid fuck, you’re dumber than a fucking ape, dyor

>> No.29991313

>>29991025
>Implying this doesn't already happen
>implying it won't get priced in
>implying it fucking matters if the entire market crashes and the country collapses over night because we are already fucked beyond repair
Yeah I think you need to go back faggot

>> No.29991333

>>29988524
Serious question, have you ever had or fantasized about a homosexual or bisexual experience?

>> No.29991393

>>29991259
you're not in a capitalist state anymore it's some weird debt fuelled corporate welfare hybrid along with welfare for a lot of people. it's a complete welfare state, the real economy is dead.

>> No.29991421

>>29991311
>REEEEEEEEE

>> No.29991432

>>29990952
ok well if they propose doing it for people with <$1MM in assets I will oppose it. until then, this current proposal for 50MM+ is a good one

>> No.29991450

>>29986418
Don't care, kill the billionaires!

>> No.29991455

>>29989156
You don't get it. The shares are sold on the open market. IPOs will be far less common and any company majority owned by a single person will start paying themselves massive salaries to cover the taxes on their wealth just to maintain their 50% ownership. A company being worth billions will be so rare, and a company worth a trillion of today's dollars will never happen again.

What none of these fucking "poor billionaires" idiots get is that when hyperinflation happens, we will all be paying 2% of our wealth every single year. The politicians know it and you asked for this.

>> No.29991469

fuck commies, fuck trannies, fuck niggies and most of all FUCK you

>> No.29991531

>>29987251
You must be a complete idiot. Fascinating.

>> No.29991555

>>29991432
By then there will be 60 million new citizens from third world countries with 0 assets who will need gibs. It doesn't end until no one owns anything, and the government owns you.

>> No.29991556

>>29990962
>brazil saves

Is this some kins of /biz/ slang

Wtf is this nigger talking about

>> No.29991596
File: 133 KB, 1599x613, image_2021-02-28_094155.png [View same] [iqdb] [saucenao] [google] [report]
29991596

>>29991259
38-million Americans on food stamps
According to the Census Bureau, an estimated 50% of the 330 million Americans get at least one federal benefit.
An estimated 63 million get Social Security; 59.9 million get Medicare; 75 million get Medicaid; 5 million get housing subsidies, and 4 million get Veterans’ benefits.

>> No.29991606

>>29989208
When bezos is forced to sell a literal $2b of his holdings to cover taxes or pay himself a $2b salary to maintain his holdings, what makes you think the price will hold?

>> No.29991610

>>29991013
Move to Venezuela if you want to live in a shithole

>> No.29991618

>>29990810
>you had 12 years

Ummm no you didn't.

You aren't legally allowed to trade until you're 18, that's 3 years.

>> No.29991667

>>29991555
that's going to happen with or without this tax on people with 50MM+ assets, clown. might as well get some money from the super rich people while we can.

>> No.29991681

>>29990952
Slippery slope is a fallacy man. That shit won't happen. You know what will happen? People getting more pissed off with civil unrest and equality that they force a revolution. That's what you need to worry about. Because the data shows revolution happens when financial inequality gets to a certain level. We're not quite there in America yet but it could happen if we do nothing about it. You need to realize as well that automation is poised to absolutely demolish the workforce just like industrialization did to an extent. Especially if we end up in some kind of depression and people are put out of work it will be even worse. Then you're going to have the money even more concentrated and people out of work and can't afford basic ass shit.. which is already bad enough as it is. You need to have a more complex understanding on this. The way you're going about it is simply not good enough.

>> No.29991688

>>29991038
No, it hasn’t.
Only welfare niggers are getting decimated. As they should.

>> No.29991714

>>29991606
Because Amazon generates a high cash flow, so even if stocks crash and don't hold, that's a GOOD THING.

It means people can now buy those stocks up for cheap.

>> No.29991738

>>29991606
who cares. sound like a good time to buy the dip and/or make money shorting.

>> No.29991746

>>29988226
I have $1.4MM in investments. That’s more than more than 99%+ of people my age have. Probably more like 99.5% if you exclude inheritance fags.
As I said, I don’t give a duck about ultra rich people. They don’t give a fuck about me either (and I’m not saying they should). Wealth tax is not the right way to go about it, but I 100% agree that people with >$15MM should be taxed at a higher rate. They should just increase capital gains taxes.

>> No.29991786

>>29989220
>>29989241
Everyone ignoring the hot-running inflation ITT. What the fuck. This is the business and finance board on 4chan. If you are either a broke idiot with no interest in a well-performing market, or even a liberal, why are you even here?

>> No.29991816

>>29991091
t. Shitskin

>> No.29991884

>>29991681
all these cucks and bootlickers have is the slippery slope fallacy. because there's no logical reason to oppose people with 50MM+ in assets paying more taxes, kek

>> No.29991890

>>29991746
capital gains taxes are avoided by using assets as collateral and taking a loan against them. that's why wealth taxes work

>> No.29991914

>>29991667
What money anon. Do you even know what your taxes go towards? They don't fund anything. There isn't enough taxes even if we taxed 50% of our economy to pay off our debt. They go to pay portions of that debt. We spend so much that the debt will never be paid off. You're not understanding that you will not benefit from this. The only people who do benefit from higher taxes are the actual .01% who own the debt.

>> No.29991975

>>29991786
hey you know what helps stop inflation? rich people paying more taxes. takes money out of circulation. you're welcome :^)

>> No.29991977

>>29991596
Who has that print of nethanyau saying he wants to make America the largest welfare state ever?

>> No.29992039

>>29991884
I'm all for making a bunch of money and capitalism, I love that about America. But it's also not right to an extent and we have to work on these issues before they get worse. But I'm sure people cried the same type of bullshit when FDR did it too.

>> No.29992077

>>29991786
>well-performing market
you're delusional

>> No.29992083

>>29991914
2008 called, it wants its whining about muh national debt back

>> No.29992094

>>29991681
>Slippery slope is a fallacy man.
The slope has slipped a lot these past few years, hasn’t it?

>> No.29992149
File: 10 KB, 228x221, 1613603496524.jpg [View same] [iqdb] [saucenao] [google] [report]
29992149

>>29992083
>xxxx year called

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