/biz/ - Business & Finance

[Anonymous No.30313365]

Refute this /biz/. Pro tip, you can't. Fuck billionaires.

[Anonymous No.30313447]

>>30313365
billionaires spend it to fuck underaged kids

[Anonymous No.30313459]

it's true, consoomers make the world go round

[Anonymous No.30313486]

i made 35k a year and i'm a millionaire from saving and investing
more people can't bring themselves to do this
i'm in favor of raising taxes on the super wealthy but most attempts to tax them actually turn into more taxes for the middle class

[Anonymous No.30313573]

>>30313459
This fuck billionaires

[Anonymous No.30313605]

>>30313486
>most attempts to tax them actually turn into more taxes for the middle class
that's by design, there are no real attempts to tax them because they write the law

[Anonymous No.30313649]

>>30313486
Millionaires aren't even on the same plane as billionaires. You may be able to retire in a flyover town, but the true 1% is hoarding so much wealth they make your puny fortune is pocket change.

[Anonymous No.30313651]

>>30313365
Why would I try to refute a fact?

[Anonymous No.30313662]

>>30313605
i'm aware
that's why i'm generally not in favor of raising taxes
people expect a higher standard of living than they can afford and they want someone else to pay for it

[Anonymous No.30313679]

Billionaires don't have billions of dollars in currency. They have it in assets, I. E. They've spent the money and put it into circulation. If you buy a stock or bond, you're giving the money to someone (putting it into circulation) in exchange for that asset.

So yeah, that's how it's refuted, because they aren't hording dollars, so the entire point is wrong. And even if they were hording dollars, wherever they're holding it is going to give them an "IOU" and then lend the actual cash out, putting it back into circulation, which is literally what banks do.

Tldr; OP is literally retarded

[Anonymous No.30313701]

>>30313447
sadly this. inflating a horrible black market

[Anonymous No.30313741]

>>30313649
>true 1%
That's anybody making what, 300k a year or above? You're thinking of the .1 and .01%

[Anonymous No.30313752]

>>30313662
>than they can afford

It's not even a standard of living. Standard of living is like "live in non-ghetto neighborhood, have a car, can pay for insurance and shit". What these soibois want is to be a 43yo pedophile buying funkopops while trying to fuck 15yos they follow on tiktok.

[Anonymous No.30313768]

The value of money saved > the value of money spent
> b-but both the money and the object you spent it on are worth the same
If I have $5 I have thousands of things I can buy. If I spend it on a bag of apples, now I only have that bag of apples, I can't realistically barter the apples for pears or a movie ticket.

[Anonymous No.30313774]

>>30313649
i'm aware of this too
if the truly wealthy could be taxed i'd support it

[Anonymous No.30313786]

I invent a pair of machines that give and take a single $10 bill between themselves 9000 times a nanosecond. Do I have a thriving economy?

[Anonymous No.30313853]

>>30313774
Tax every dollar over 999 million at 100%.

[Anonymous No.30313859]

>>30313447
Billionaires aren't even good for the childfucking market, because childfucking doesn't require an entire billion dollar balance to secure.

[Anonymous No.30313907]

>>30313365
Very good criticism of taxation.

[Anonymous No.30313914]

>>30313853
there we go

[Anonymous No.30314007]

>>30313365
"that one $10 bill produced $50 of economic value"

complete bullshit. money doesnt product economic value, it facilitates it. the street vendor making sandwiches creates the real value

[Anonymous No.30314052]

>the 1% has a hidden vault of cash that they don’t spend
Where did this Scrooge McDuck fantasy come from?

[Anonymous No.30314060]

>>30314007
get refuted OP

[Anonymous No.30314266]

>>30314007
Exactly right. Money is actually completely irrelevant in most exchanges. It’s only used as a convenient of which to exchange goods or services. Before money you literally bartered things based on an agreement.

[Anonymous No.30314502]

>>30313365
The entire premise of this argument is flawed because billionaires don't horde cash. All their wealth is locked up in equities and various assets.

[Anonymous No.30314506]

Lol at the loser neets here complaining that billionaires don't stimulate the economy.
When was the last time you dpent 50$+30% tip at a restaurant?
When was the last time you spent 50$ drinking eith your friends?
How many Funkopops did you buy in February (Hint: Fucking less than I and my friends did)
All you do is hoard your money in crypto scams untill the inevitable crash happens and leaves you with NOTHING.

You are all worse than billionaires

[Anonymous No.30314612]

>>30314506
>I and my friends

[Anonymous No.30314713]

It's 100% true and to make it worse, the billionaires started investing in China, which is basically a sink for foreign capital. They literally devalued their currency to draw in foreign investment and then prevented those same people from cashing out.
We live in a consumption based economy and are sending the money into a black hole.

[Anonymous No.30314776]

>>30314506
So how much cum from your wifes lover do you swallow cuck?

[Anonymous No.30314796]

>>30313447
This. Shit is fucked man

[Anonymous No.30314808]

>>30313679
This is the dumbest take that gets posted all the time.
It is easier than ever to liquify assets and products like HELOCs mean you can access the value of your equity even when it's locked up. Billionaires figured out all these loopholes ages ago, but plebs still defend them.

[Anonymous No.30314823]

A bunch of Mongols on horses with swords and recurve bows is a horde. The pile of wealth that a billionaire or a dragon sleeps on is a hoard.

[Anonymous No.30314836]

>>30313365
>implying billionaires sit on cash piles
Rich people have their wealth in working capital, so it is still contributing to velocity. Children shouldn't be allowed on the internet, fuck

[Anonymous No.30314839]

So if me and my friend pass a $10 note back and forth 100x, then we create 1000 economic values?
Why don't governments just employ people to do this and create infinite economic values?

[Anonymous No.30314885]

>>30313365
Does this retard think billionaires keep all their money in bank accounts or something?

[Anonymous No.30314890]

>>30314612
I could show you my discord chat log as evidence but I don't care whether or not you believe that I have friends so I'm not gonna bother doing that

[Anonymous No.30314954]

>>30313365
They don’t put the money in their fucking mattress, they put in investments... where it gets loaned out and spent on new capital and labor. The notion that the rich “hoard money” is one of the dumbest things I’ve ever heard.

[Anonymous No.30315026]

>>30313365
I thought it was called economic multiplication, never heard velocity of money before

[Anonymous No.30315109]

>$10 lunch
NGMI
>$10 taxi instead of walking
NGMI
>Having kid you cannot afford to raise properly
NGMI
>$10 groceries
GMI

These idiot want to further entrench themselves in the debt slave system without even realising it. They are the mindless foot soldiers of the elite. They are fucking clueless.

[Anonymous No.30315192]

>>30314808
>but plebs still defend them
Plebs also attack them, and your average Bernie voter thinks they sleep on money like Mr. Krabs did. Their tax proposals primarily prevent people from reaching millionaire/billionaire status, which consequently suppresses the middle class. The only way Bezos could "redistribute" his wealth etc is through mass sell-off of his Amazon stock, which results in the devaluation of the company's stock, which negatively impacts everyone's retirement accounts. The unfortunate reality for most of these people is that the only way to circumvent the 1% is through the creation of new wealth (which occurs every day), although these people simply aren't capable of it.

The average person is infinitely less capable, less well-intentioned, and less intelligent than we like to assume they are.

>t. person who doesn't like the billionaire elite

[Anonymous No.30315214]

>>30314890
I'm mocking your English, not your social life you insecure fuck

[Anonymous No.30315229]

>>30313365
You forgot the fact that the government will take a 30% cut every single time. GST taxes and income taxes are wage theft

[Anonymous No.30315298]

>>30313365
Where do they hoard it? Under their mattresses?

[Anonymous No.30315302]

>>30313786
Wallah and just like that you invented wash trading. Give yourself a pat on the back

[Anonymous No.30315325]

>>30313447
the reality is that the average peasant fucks more kids than most billionaires

[Anonymous No.30315404]

>>30314890
>discord chat log as evidence
>I have friends
Kek

[Anonymous No.30315437]

>>30315325
That's what you think. Those rich pedos go through hundreds of kids.

[Anonymous No.30315453]

>>30315214
I use American English and it's correct dumb europoor

[Anonymous No.30315516]

Billionaires create more value then anyone, since when was /biz/ this retarded and socialist?

[Anonymous No.30315548]

>>30315302
I found a photo of the prototype

[Anonymous No.30315595]

>>30313365
All the examples given in that scenario are legitimate necessities.

The kind of economic stimulation modern "economists" want to make on the economy involves artificially inflating that velocity with borrowed money.

The fact of the matter is, people would be better off if they saved and didn't borrow. The economy wouldn't be AS "good" as it is after a round of borrowing and pumping the economy, but it also wouldn't crash as hard, and people wouldn't be in debt.

[Anonymous No.30315610]

T̵̛̘̭̞̞̈̊̈́̍̀̈͐͂͆̌́̍͑̌́͋̀̍͆̈́̐̑̆̿̍͌̔̽͋͋̎͒̕̚͝͝͝͝h̴̨̧̡̖͎͉̖̘͍̼̻̜̘̞̗̙̯͓̣̣͙̹̫̻̻̩̘͔̫̫̤̬̺̖̝͔̟͕̮̗̿͋̽̏̽̂͋͋͆͐̀̐̒͆̃͂͒̈́̓͒́̌̌̾̒̓̑̆̒̽͆̆͊̚͘̕̕͜͝͠͠ͅͅe̷̛̬̜̖͓͙͚̹͎̓̀͂͒̽̏͗̑̏͗͑̈́̄̉̇̎̽̌̽̔̈́̀̆̇͆̊̾̑̉̌̊̊̚͘̕͝͝y̸̧̥̟̻͍̺̮͚̤̦͓̮͍͋͛̈́̓́͒́͊̏̃͌̽̑̑̋̕͜͝ͅ ̵̢̛̱̗̹̳̤̀͊̄̾̽͆̃̀̋̋̍̃̃̽̆͂͜͠͝͝͝d̷̢̧̨̛̙̫̭͓̣̦͍̰̮̱̘̼̩̰͚̼̟͚͙̘̥̜̯̪̳͓̹̖̺̗̥͓̋̃́̓̈́͋͗͂̃̔̌̉̈́̒͗́́͌͐͛͗̿̈́́̍̓̕̕͜͜͝ỉ̴̢̟̱̯͕̗̭̝̹́̐d̶̡̺̣̠̞̬͔̹̮̉̉̊̉̂̀̈́̒͒̾̀̐̔͛̉̌̀͋̓̓͆͛͐̒̈̒̀́̂̂̚̚̚͘̚̚͘͝͝͝͠ṇ̷̨̧̡̡̖̭̣͕̳̟͚͇̤͚͚̠̩̝̖̳͓̂͗̀́̒̌̓̏͆͊̑̿͗̑͗̿͒̌̿͂̑̓͑̾̾̐͋̾́̆̆͂̚̕͜ͅͅt̶̡̢̢̨̢̨̢̧̛̝͇̗͕͖͉̜͕͔̼̰͍̹̟̺̩̜̝̰͉̘͔̼̜̠͇͍̟̙̠̹̗̮̜̞̖̠͓͚͔͚̺̓͑͋͆͂̑̈͊́̓̾̿̍̉́̍̈́̓̽͗̈͋̈̏̽̏̈́̓͗̈́̓̋͆́͗̌̀͗̚͜͝ ̶̡̡̢̡̢̛̥̥̥̜̩̦̗͇̝̼͇̞̹̮̞̺͇̣̭͕̍͊͗͒̒̿̏̋̋͆̽͊̓̌͛̀̾̂̎̋̊̿͂̀̐̐̀̚͜͠͝͝l̶̛̛̙̤͔̼̟̪̓̌̓̾͗̏͒̽̈́̈́̌̎̿̏̊͛͝i̷̧̧̢̛̛̩̦̰̯͚̟̤̥̘̮͌̓̌̿̉̆͑͂̌́̔͑̓̀̆̊͌̽̔̌̓̄̉̒͆̀̽̀̈́̾̄̿̎̉͂͋͆̉́̈́̇̒̑͋̆̚͝͝͝ş̶̨̡̡͖͇͓͉̪͕͎̘͔̳̗̹͎̜̳̠̺͙̖͖̮̙̬̦̘̺̰̗͎̫͙̞̟̙͌̌͑͆̍̿̍̌͂̽̊̎͆͑̿̆̽̆͗̄̾̔͆͑̏̐̌̈́̿̍͂̇̑̑̃̓͑̓̆̚̚͘͘͜͝͠͠t̶̨̧̨̢̢̢͓̞̗̖̭̣̺̭̼̱̟̳͉̰͇̠̹͉̹̹͔̫̥̳̪̤̙̭͖͔̪̺̠͔̞̫̺̝̟̖̙̜̦̤͎̩̤̄̐̽̍̾͑͗̓͛͋̈́͛͗̀́̔̚̚͜͝͠͝͝ͅe̸̡̨̜̦̼̯͎̟̖̜͕̪̱͈̟͠n̶̡̢̛̙̹̞͓̣͔͈̻̝͉̞̬̬̳͓̰̻̯͕͎̱̻̻̳̮̬̬̹̰̪͈̺̩͙͎̱̞̻͗͗̿͑̑̎̎͐̐̒̌̄̌̈́̽̽̓̄̐̂͒́̉̈̓̉̈̈́̀̊͂̌̆͗̋̉̃̔̕͘̕͜͝ͅͅ

[Anonymous No.30315630]

>>30314506
>>30314890
pretty good bait

[Anonymous No.30315666]

>>30315516
Some billionaires are just bagholders anon, they contribute nothing and just don't want to admit irrelevance.

[Anonymous No.30315705]

Reading this thread proves that the average biz user thinks billionaires are some kind of scrooge mcducks diving in their pool of billions of dollars, if you ever needed proof to never trust biz ever again this is it.

[Anonymous No.30315711]

>>30313365
on one hand, more velocity of money means inflation, on the other hand ACCELERATE.

[Anonymous No.30315800]

>>30313649
Yeah they're "hoarding" it in a big pile. Everybody smart is doing everything they can to grow it by any means possible you retard

[Anonymous No.30315866]

>>30315453
Holy shit you are fucking stupid hahaha

[Anonymous No.30315891]

>>30313365
When billionares hoard their money it lowers the circulating supply increasing demand lowering price for goods/services. Check mate reddit

[Anonymous No.30315902]

>>30313447
>>30313486
>>30313573
>>30313651
>>30313774
>rich bad

[Anonymous No.30315964]

>>30314885
Yes, this is what redditors actually believe

[Anonymous No.30315971]

>>30315705
They're obviously bunkershills. These discord trannies unironically spend all day running pathetic attempts at homegrown psyops

[Anonymous No.30315985]

>>30314839
bruh you just woke up

[Anonymous No.30316120]

>>30314808
So? In what way does thay dispute what was said? Just because you can access a lot of it doesn't mean you're just holding the cash static. Even a line of credit isn't cash in an account until you tap it, it's a balance that exists in theory and is lent out by banks until it's used. At which point they pay interest, which pays for the employees at the bank, who use that money for consumption or investment, etc.

Either way, money is sitting there less than if it were in 1m accounts each holding a few thousand.

[Anonymous No.30316134]

>>30313365
no shit, (((they))) hate savers

[Anonymous No.30316258]

>>30313365
Super wealthy people don't actually hoard money, given the rate of inflation that would be insanely stupid to do. You're almost obligated to invest your money in this climate.
When you see people with billions in net worth, almost none of that is in cash, the vast majority of it is invested.

[Anonymous No.30316464]

>>30314060
>>30314007
This is not a refutation it's semantics. If there are no middle class people who have $10 to spare on a street vendor then his economic value disappears

[Anonymous No.30316562]

>this is why is bad to give rich people more and more money

I don't understand what the argument here. Of course its "bad" to give rich people disproportionately more money than what is given to poor people. This is not an argument about whether MMT, UBI, or w/e works or not. Is the government acting as a reverse robin hood good or bad? Is redistribution of wealth from the poor to the rich good or bad? There is no argument here, its bad. That's what money printing, UBI, MMT is. Printed money devalues dollars, and poor people's savings and incomes are almost entirely denominated in dollars, while the rich's savings and incomes are mostly assets and variable income. Pumping money into the economy to gets the masses to hustle even more in service jobs to rich. Normies just see the digits going up though and think it means their lives are better.

[Anonymous No.30316816]

>>30313365
You take a $10 bill buy a sandwich a street vendor. He had to give $2 of that to the government in VAT, $3 to the government in street cart license fees. Of the $5 left he had to pay $1.75 in income tax. Of the $3.75 he bought a small coffee from the local hipster barista. That barista was after taxes and legal fees left with $0.25 to pay towards his student debt of his gay and transexual gender-arts degree.

[Anonymous No.30316817]

>>30315902
>rich good

[Anonymous No.30316932]

>>30313853
Biotech mogul creates cure for AIDS -> boom, 999 million. Biotech mogul now has possibility to develop cure for cancer. Cant earn more money so will chill on yacht instead. Fuck commies.

[Anonymous No.30317009]

>>30316464
There'll always be plenty of retards willing to spend $10 for street lunch.

[Anonymous No.30317028]

>>30316817
>fuck billionaires!

[Anonymous No.30317166]

>>30313365
this is how stupid reddit is

[Anonymous No.30317189]

>>30313486
you're not a millionaire from saving and investing though

[Anonymous No.30317262]

>>30313365
>be me
>me and two bros make an app
>I own 40% they each own 30%
>app becomes popular
>over a number of years we get investments from venture capital funds
>I sell 10% of my shares, bros each sell 5%
>$1 billion total, for 20% of the company (company is valued at $5 billion)
>most of this money gets reinvested into the company, but let’s say 10% gets paid out to me and the bros
>$25 million to each bro, $50 million to me
>I now own 30% of a $5 billion company, that’s $1.5 billion
>I have $50 million dollars plus a salary probably around $1-10 million a year, and that’s before taxes (remember most of the company’s money gets reinvested into growing the company. Like most startups, the company isn’t even turning a profit)
>I am a billionaire with a $1.5 billion net worth, and about $50 million to spend back into the economy

Tldr: OP doesn’t understand that wealth isn’t money.

[Anonymous No.30317317]

>>30313679
It's probably some liberal college kid mad cause he has to work and he's imagining Scrooge McDuck sitting on a huge pile of money in his mansion with a cigar in his mouth.

[Anonymous No.30317419]

>>30315325
Are you retarded, son?

[Anonymous No.30317450]

>>30313853
yeah, because the glorified DMV-workers who run the government sure could allocate that wealth better than the guy smart and ambitiious enough to create a billion dollars. What house is Bernie on now, like his fifth?

[Anonymous No.30317553]

>>30317419
he might be right but the billionaires get the sexy non third world kids

[Anonymous No.30317627]

Look up the Cantillon effect, you're almost there. You're also off on money "producing value" for a multitude of reasons.

[Anonymous No.30317717]

>>30313573
>that pic
That’s why they’re going to automate 90% of your jobs and depopulate the planet covertly with vaccines, chemicals, emf, plastics, hormone distruptors etc. to get rid of the useless eaters. Scientists are saying that sperm counts and motility are decreasing each generation and within a generation most western males will be sterile. This is the hidden war that the elite are waging on the underclass.

[Anonymous No.30317738]

>>30316464
Rich people have to pay other people to create value for which they generate wealth. That creates middle class folks who will spend their money

[Anonymous No.30317865]

>billionaires are great for society fuck the poor people born in unfavorable circumstances

[Anonymous No.30317877]

Like you wouldn't do the same.

[Anonymous No.30317955]

>>30317865
john oliver says that why?

[Anonymous No.30317968]

it's true but efficiency and competition means we go to the same providers (mcdonalds, amzn) for a service that rich people own so they end up with the money anyway.
And I always thought velocity of money was such a cool indicator but it's really just gdp divided by m1 or m2

[Anonymous No.30317996]

>>30313365
>just spend all your money bro
how can normies not see through this shit

[Anonymous No.30318072]

>>30317865
you need to be 18 to post here

[Anonymous No.30318164]

Definitely fuck 70% of (((billionaires))).

[Anonymous No.30318194]

>>30313365
Just ban Jews and start from scratch, too easy

[Anonymous No.30318266]

>>30318164
This can't be real lol
I see it

[Anonymous No.30318301]

>>30313662
This. And we’ve been over this a million times, you cannot tax yourself into prosperity. It’s impossible.

[Anonymous No.30318432]

>>30313365
>thinking an economy with 0 saving/investment rate would be good
>not knowing that one of the biggest indicators of a country's economic success is a high saving rate

[Anonymous No.30318612]

>>30313365
It's not true.
>they just hoard
No, they don't. They dump it into literally anything except the bank.
Think of the richest people you're aware of. What constitutes most of their wealth? Really give it some hard thought normie.
>Jeff bezos
Almost all of it sank into investments particularly his company.
>Elon
Same story
>Billy
Etc etc etc
Nobody hoards cash dingus. Billionaires are not the cause for low VoM. Sounds like OP pic just heard of it for the first time a few minutes ago.

[Anonymous No.30318696]

>>30313786
That is essentially what we are doing. Except erode that $10 with every transaction to account for trade deficits and money printing.

[Anonymous No.30319592]

>>30318612
even if it was dumped in a bank account it would still be fine, because the bank itself would invest the money
the only problem would be if the billionaire literally held billions in bank notes under their mattress

[Anonymous No.30319956]

>>30313679
Dumb take, the value that is hordes by billionaires is value taken out of the system plain and simple. We’re that value spread to the middle or lower class, it would circulate in an instant.

For someone to be a billionaire, over a billion dollars worth of labour has to be siphoned off just for them. Not taxing the rich more is unsustainable

[Anonymous No.30320088]

>>30319956
Labor =/= money =/= wealth

[Anonymous No.30320117]

>>30318301
>you cannot tax yourself into prosperity
That’s a stupid mindset, if that’s the case then why not reduce taxes by 90% or get rid of them altogether? The reality is there is a sweet spot which generates the maximum prosperity and it would seem to be higher for the 0.01% than what it currently is.

[Anonymous No.30320176]

>>30320088
Yeah?

[Anonymous No.30320227]

>>30320117
>get rid of them altogether

[Anonymous No.30320409]

>>30320117
>why not reduce taxes by 90%
This should unironically be done

[Anonymous No.30320618]

>Ctrl+F "jew"
>Only 1 hit
>>30318194
Underrated post

[Anonymous No.30320792]

>>30313365
NNOOO YOU CANT JUST SAVE MONEY AND INVEST IN YOUR FUTURE YOU HAVE TO LIVE PAYCHECK TO PAYCHECK AND WAGESLAVE FOR 60 YEARS TO KEEP THE ECONOMY HEALTHY STOP BEING SO SELFISH

[Anonymous No.30320918]

>>30313365
you're a commie faggot and you need to die soon

[Anonymous No.30320935]

>>30313365
Can't take someone seriously when they can't even spell a simple word in English... and I'm a slav.

[Anonymous No.30321217]

>>30314823
Based grammatical nazi

[Anonymous No.30321481]

>>30319956
>taken out of the system
How?

[Anonymous No.30321625]

>>30313365
>refute this /biz/

Okay very very easy actually, and I don’t even have to include economics in this, just basic common sense. First, why does this post assume billionaires don’t buy food, travel expenses, and child care? I’m going to give them the benefit of the doubt and assume they have some mental retardation.

Also, only 600 billionaires live in the USA. So if it’s true that they are “hoarding” their money, it shouldn’t effect your babysitting, taxi, or food business. Thats only 600 people vs the 300 something million people in this country who could buy a taxi, babysitter, or whatever. God i fucking hate normies so much and I want to kill myself just reading something so fucking retarded.

[Anonymous No.30321891]

>>30321625
You talk exactly like a billionaire. You are gonna make it, assuming you aren't already there, king.
fuck those who don't understand wealth v capital

[Anonymous No.30322068]

>>30319956
>wealth is a zero-sum game
So many people don't understand why this is wrong, it's frustrating. They're not taking money from somewhere else. The entire premise of "take from the rich, give to the poor" is flawed because of it.

[Anonymous No.30322504]

>>30317717
if that's true all you rich bizrealis better freeze your sperm or go to the sperm bank

[Anonymous No.30322622]

>>30313786
the irs would tax them both for every tx

[Anonymous No.30322692]

>>30314506
no one would have problems with billionaires as long as they stop trying to socially and biologically engineer the world in their distorted and grotesque image (elites). the people who whinge about them like normies are just temporarily embarrassed and envious. If I was able to live in the middle of nowhere and they stay on their side, no issue.

[Anonymous No.30323398]

Thread filled with midwits who think billionaires hiding piles of cash under their mattress (they don't) would be a bad thing. These are the same who think we can print money and achieve universal prosperity.

[Anonymous No.30323507]

>>30315902
this bootlicker gets it

[Anonymous No.30323607]

>>30323398
They hide all the money inside real estate pumping up the prices and pricing us out

[Anonymous No.30323660]

>>30313447
Based

[Anonymous No.30323664]

>>30317189
i'm not?

[Anonymous No.30323689]

>>30323607
Because the government provides tax incentives for buying real estate

[Anonymous No.30323709]

>>30314506
Where is this concept suddenly coming from that saving or investing money is "hoarding" it? I've been seeing it a bunch lately as if you should literally always be spending every cent you have.

[Anonymous No.30323735]

Billionaires have a fraction of their worth on banks, if they want to buy something they just take out a loan and use their portfolio as collateral
You cant get taxed till you cash out

[Anonymous No.30323803]

>>30313365
Very true.

[Anonymous No.30323857]

I thought all of this is a false premise. The $10 is basically neutral. It isn't the money or even the business that creates value. It is technological improvement that change the mean of the economy. For example let's say that the limit of a city is 100,000 people with the occasional plague until a proper water and sewer system is established. Before the innovations the economy was stagnant.

[Anonymous No.30323975]

>>30313365
Spend $10.
$9 for the good, $1.00 to the government.
Spend $9
$8.10 for the good, $0.90 to the government.
Spend $8.10
$7.29 for the good, $0.81 to the government.
Spend $7.29
$6.56 for the good, $0.73 to the government.
Spend $6.56
$5.90 for the good, $0.66 to the government.

Keep in mind, that's just sales tax, don't know the income and gains tax implications without more information. Yes, goy, it's the billionaires that are the problem. Trust your government, goy.

[Anonymous No.30324017]

>>30317189
How do you think someone becomes a millionaire making $35k/yr, you dolt?

[Anonymous No.30324226]

>>30314808
>It is easier than ever to liquify assets and products like HELOCs mean you can access the value of your equity even when it's locked up.
HELOC is a loan you idiot.
So not only is their investment being spread around the economy, they're borrowing money to... SPEND IT. You know, the thing you say their money isn't doing.

[Anonymous No.30324327]

>>30313853
And shutdown the economy. Way to show those billionaires who's boss!

[Anonymous No.30324400]

>>30323975

This is what I did my Economic research on as a Master's Student... at the end of the day, the government gets it all once you factor in sales tax, income tax, FICA/FUTA/SUTA, taxes on usage, gasoline taxes, etc.

It's hugely disturbing.

[Anonymous No.30324581]

>>30324400
It's disgusting and inefficient. And proven to be unnecessary this past year with the printers going non-stop.

[Anonymous No.30324619]

>>30317968
Wait doesn't that mean that the new low of money velocity is just because we printed a gorillion dollars, and that we have no pulse on how much money velocity has actually changed since a year ago?

[Anonymous No.30324638]

>>30314885
Which would allow the banks to invest it anyway. Literally the only way to make money useless is hide cash somewhere. Bury it or in a vault in your basement or something.

[Anonymous No.30324664]

>>30313365
>asinine leftypol shill thread

[Anonymous No.30324672]

>>30313365
Sounds like a shitty take on the Broken Window Fallacy.

[Anonymous No.30324710]

>>30313365
Money is an indicator of value. Not a direct generator of it.

[Anonymous No.30324726]

>>30315902
yeah, the board is full of leftypol and reddit subhumans

[Anonymous No.30324774]

Do these retards actually think Bezos and cuckerbergstein have billions in cash or sitting in a savings account?

90% Musk's entire net worth is in tesla stock. He has spacex stock too, but that isn't public. His 160 billion net worth is literally in the fucking market. Same with Bezos.

The only way to access this money is to tax unrealized capital gains, which will tank the entire market when everyone is forced to sell just to pay taxes so the government can hire more trannies and give more welfare to spics

[Anonymous No.30324818]

>>30315325
weird flex

[Anonymous No.30324901]

>>30313365
I'm really not trying to take the side of billionaires, but seeing how our government wastes and embezzles our tax dollars is beyond disgusting. anyone who thinks more taxes is a good right now is just a vindictive poorfag because it won't fix a damn thing until we get budgets under control. i unironically think that a faggot redditor like elon musk would put that money to better and more productive use. if tax dollars actually went into fixing our crumbling infrastructure and providing quality healthcare and education then I'd be all for higher taxes on the rich. that of course comes with the caveat of seriously cracking down on immigration otherwise we would be bled dry again.

[Anonymous No.30324902]

>>30323398
But Mr. 130+ IQ, commies don't believe in money. We think it's unnecessary, exploitative, and we could solve many social issues without it. Take it from Marx himself describing how labor vouchers would work in socialism.

>Accordingly, the individual producer receives back from society – after the deductions have been made – exactly what he gives to it. What he has given to it is his individual quantum of labor. For example, the social working day consists of the sum of the individual hours of work; the individual labor time of the individual producer is the part of the social working day contributed by him, his share in it. He receives a certificate from society that he has furnished such-and-such an amount of labor (after deducting his labor for the common funds); and with this certificate, he draws from the social stock of means of consumption as much as the same amount of labor cost. The same amount of labor which he has given to society in one form, he receives back in another.
https://www.marxists.org/archive/marx/works/1875/gotha/ch01.htm

Not to mention, labor theory is now empirically proven (read Paulcockshott) and marginalism (capitalism) remains pseudoscience!

[Anonymous No.30324934]

>>30317627
The Cantillon Effect is precisely why printed money should be given to the masses first.

[Anonymous No.30324947]

>>30323689
Because capitalism facilitates profit-making

[Anonymous No.30325013]

>>30313486
which coin?

[Anonymous No.30325016]

>>30313365
>all rich people do is hoard it
jfc is that what these idiots think? no wonder they can't get rich

[Anonymous No.30325030]

>>30324902

[Anonymous No.30325041]

>>30324902
Here's your (you) for me reading your shitty bait

[Anonymous No.30325059]

>>30313447
this lmao

[Anonymous No.30325073]

>>30324902
That’s just describing a paycheck.

[Anonymous No.30325111]

>>30317262
>50 million to spend back into the economy

That's the problem retard you would need to spend 100s of thousands of dollars to equal the equivalent of some middle class guy spending 10 burgercoin

[Anonymous No.30325120]

>>30325073

[Anonymous No.30325126]

>>30313365
>muh GDP!
I'm surprised nobody has posted this.

[Anonymous No.30325363]

>>30324619
Somebody answer this

[Anonymous No.30325493]

>>30325111
No. My $1.5 billion net worth in that example is NOT MONEY. It is not $10k each being kept from a bunch of poor people. It’s not money I took from them, or anyone else. It didn’t exist until I created it. In fact it still doesn’t exist, until I sell those shares. It’s wealth, but it is not money. It could not be a new iphone for jamal or a new pair of shoes for rosalita. It’s not $1.5 billion dollars.
A building isn’t a bunch of rulers, even though you could use rulers to measure it and say it’s a hundred feet tall. It’s not made of a hundred feet.
My net worth isn’t money. You can measure it in dollars, but it’s not made of dollars that I’m keeping “out” of the hands of the poor.

WEALTH ISN’T MONEY

[Anonymous No.30325999]

>>30325493
>WEALTH ISN’T MONEY
*fingerguns*

[Anonymous No.30326021]

>>30324619
>>30325363
yes

[Anonymous No.30326353]

>>30313365
Interesting how everyone needs to pay federal income tax on all their income. I get paid $10 dollars and pay 25%, give someone 7.50 for services, they pay 25%, etc.

[Anonymous No.30326407]

>>30324901
o ly retards think tax is good. If one billionaire financed fixing the old as infrastructure in the US people would shut their traps. Government beaurocracy is absolutely garbage, we need physical stuff to actually be fixed to make this country run more efficiently. Maybe engineers should be in charge

[Anonymous No.30326797]

>>30313365
They're doing you a favor, hoarding all that money keeps the dollar from hyperinflating.

[Anonymous No.30326985]

So... we... shouldn't... hodl?
>fuck your money astrology

[Anonymous No.30327534]

>>30315902
literally shilling for Billionaires.
I bet you do it for free too

[Anonymous No.30327821]

>>30326353
Don't forget sales tax, gasoline tax, property tax, capital gains tax, etc.

[Anonymous No.30328049]

>>30322504
The elite openly admit it. This information is public lol that’s the crazy part. It’s all out there if people want to find it.

[Anonymous No.30328087]

>>30325999
Damn you got deboonked by Wikipedia son

[Anonymous No.30328088]

>>30315325
Nice try Mr. Gates we got you on camera

[Anonymous No.30328116]

>>30313486
>more taxes
Why? Because our governments are so good as spending money?
Yeah you’re all a bunch of geniuses, give the government more money. Dumb ass niggers.

[Anonymous No.30328143]

>>30313486
https://en.m.wikipedia.org/wiki/Survivorship_bias

[Anonymous No.30328198]

>>30325111
When a rich person buys something expensive like a jet this is what happens
>taxes for gibs
>engineers
>electricians
>mechanics
>sales people
>company
>investors
>gasoline companies
>airports
>pilots

and more people get money and those people spread it around
Remember modern millionaires are actually better for the economy because they squander their money which stimulates the economy

[Anonymous No.30328240]

>>30313486
I'm in favor of being the standard on when taxes are raised
Everyone who makes more than me gets taxed more and everyone who makes less than me does not.

[Anonymous No.30328625]

>>30325363
without the calculus used in the electrical engineering of every facet of the device you used to post this you couldn't have even uploaded that stupid ass image
>t. working as a power electronics engineer for fortune 100 making 120k

[Anonymous No.30329054]

>>30325999
>>30328087
https://www.marketwatch.com/amp/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18

>total money $90 trillion
>total debt $215 trillion
>total real estate $217 trillion
>total derivatives $500 trillion to $1.2 quadrillion

There is not enough money in the world to buy all the assets in the world. Money is the unit of measure for wealth, but wealth is not made of money.