Get those Billionaire's out of here!

[Mufaletta 53]

With all the screeching this past week about Billionaire's 

don't forget . .  . .

Billionaire Sundar Pachai authorized the removal on Youtube of the thumbs down feature in January of 2021 after the inauguration ceremony when Joe Biden was installed.    The ratio was somewhere in the 10,000 to 1 down to up at the time it was disabled.    Initially it was disabled on the official White House YouTube page, and then altered across the platform.  Google fiddled with the feature throughout spring and summer of '21,  making up stories about their motivation, stating that it was to help their content creators.   Eventually, they removed the feature across the entire platform after every video featuring Biden was ratio'ed into oblivion.   

 

[Voltaire 5,090]

The ones who stood with with President Trump through the summer and fall are a bit different than the longstanding Obama/Hillary/Biden/Kamala fans who showed up ten minutes after the results from Pennsylvania were called.

[iam90sbaby 2,361]

This might be the socialist in me but any income over 1b should be taxed at 100%

[HotRod 47]

3 hours ago, iam90sbaby said:

This might be the socialist in me but any income over 1b should be taxed at 100%

More like communist.

In America we don't punish success, comrade.

[iam90sbaby 2,361]

4 hours ago, HotRod said:

More like communist.

In America we don't punish success, comrade.

At a certain point you acquire so much money it’s impossible to be unsuccessful. No one needs a billion dollars, sorry not sorry. 

[Engorgeous George 1,978]

3 minutes ago, iam90sbaby said:

At a certain point you acquire so much money it’s impossible to be unsuccessful. No one needs a billion dollars, sorry not sorry. 

Broke and Bankrupt Billionaires: 10 Wealthy People Who Fell From the Top - Business Insider

[iam90sbaby 2,361]

Just now, Engorgeous George said:

Broke and Bankrupt Billionaires: 10 Wealthy People Who Fell From the Top - Business Insider

Okay and just like anything else in the world there are always anomalies 

[HotRod 47]

11 minutes ago, iam90sbaby said:

At a certain point you acquire so much money it’s impossible to be unsuccessful. No one needs a billion dollars, sorry not sorry. 

So you want the government to take it and spend it?  Hard pass comrade.

[5-Points 3,299]

9 hours ago, iam90sbaby said:

This might be the socialist in me but any income over 1b should be taxed at 100%

Income should be taxed at no higher than 10%. Capital gains no higher than 25%.

The government should be able to function just fine for what we need them to do with that amount of tax revenue. 

ETA: And inheritance should be tax free. Taxes were already paid on that money. 

[RaiderHaters Revenge 4,175]

10 hours ago, iam90sbaby said:

This might be the socialist in me but any income over 1b should be taxed at 100%

I dont think there are many IF anyone who makes over 1B a year

net worth is a diff story

[Horseman 2,250]

10 hours ago, iam90sbaby said:

This might be the socialist in me but any income over 1b should be taxed at 100%

If billionaires didn't get and spend more money that that we don't have starlink and space travel.  You could argue that without Twitter being bought for billions Trump might not be president right now.  

1 hour ago, 5-Points said:

Income should be taxed at no higher than 10%. Capital gains no higher than 25%.

Whoa, switch that around, 25% max income bracket, gains at 10% or less.  

24 minutes ago, RaiderHaters Revenge said:

I dont think there are many IF anyone who makes over 1B a year

net worth is a diff story

True.  Billionaires don't take a salary to pay a good chunk in taxes. That would be dumb.   

[5-Points 3,299]

12 minutes ago, Horseman said:

Whoa, switch that around, 25% max income bracket, gains at 10% or less.  

 

Nah, I think people that actually work for their money should keep at least 90% of it. 

 

[Horseman 2,250]

3 hours ago, 5-Points said:

Nah, I think people that actually work for their money should keep at least 90% of it. 

 

Investing takes effort and should be incentivized. 

[5-Points 3,299]

1 minute ago, Horseman said:

Investing takes effort and should be incentivized. 

75% is sufficient incentive for speculating. Actual hard work deserves more. 

[lickin_starfish 1,849]

Taxation is theft.

[Horseman 2,250]

10 minutes ago, 5-Points said:

75% is sufficient incentive for speculating. Actual hard work deserves more. 

If you keep working hard someday you'll have a lot of money and change your mind.  

[5-Points 3,299]

54 minutes ago, Horseman said:

If you keep working hard someday you'll have a lot of money and change your mind.  

No, I won't. I know the value of hard work. I will always find the value in it and oppose anything that disincentivises it. 

Over taxing working people has lead to an entire generation of deadbeats who don't see the value in starting from the bottom and working their way up. They think they're entitled to a "living wage" without having to earn that living. That's why we have 30 year olds still living at home with mom and dad waiting for a job for which they aren't qualified. 

It's bad for America. 

A 25% tax on Cap Gaines doesn't disincentivise anybody from speculating. 

 

Also, there should be no federal income tax. Let the states tax income at 10%  and kick up to the feds. 

[shadrap 200]

6 hours ago, 5-Points said:

Income should be taxed at no higher than 10%. Capital gains no higher than 25%.

The government should be able to function just fine for what we need them to do with that amount of tax revenue. 

ETA: And inheritance should be tax free. Taxes were already paid on that money. 

couldn't have said it any better.

[Mark Davis 324]

8 hours ago, 5-Points said:

Income should be taxed at no higher than 10%. Capital gains no higher than 25%.

The government should be able to function just fine for what we need them to do with that amount of tax revenue. 

ETA: And inheritance should be tax free. Taxes were already paid on that money. 

Probably the longest argument I've had here was on this very point.  The government has already had their cut, they shouldn't get a second pass at it. 

When it comes to federal taxation, the problem many have is they see incremental rates as making a huge difference while it only taxes those with earned income.  The vast majority of the 0.1% of top earners are making theirs through capital gains.  You could raise the top rate to 100% and our budget wouldn't be close to in balance.  

[5-Points 3,299]

1 hour ago, Mark Davis said:

Probably the longest argument I've had here was on this very point.  The government has already had their cut, they shouldn't get a second pass at it. 

When it comes to federal taxation, the problem many have is they see incremental rates as making a huge difference while it only taxes those with earned income.  The vast majority of the 0.1% of top earners are making theirs through capital gains.  You could raise the top rate to 100% and our budget wouldn't be close to in balance.  

Your agreement with me on this point aside, I've always enjoyed your takes, Mark. You've always been level headed and consistent. A true raririty around here. 

Fewer tax dollars results in smaller government and I wholeheartedly support that endeavor. 

 

[iam90sbaby 2,361]

Yall ever play monopoly?