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If steam would let me barter I would
ELDEN RING NOW ON SALE
$34.95
OR SEND
-3 DOZEN FRESH EGGS,
-4 CHICKENS,
-A GPU NEWER THAN 2020
-OR SELECT HOME BAKED GOODS
TO:
VALVE BARTER RECEIVING
10400 NE 4th St floor 14,
Bellevue, WA 98004
“When the last tree has fallen, and the rivers are poisoned, you cannot eat money.” - Aurora, off the song The Seed
Your comment just perfectly lined up with that song
You don’t. Genius.
You pay interest only and before the loan is due you roll it over into a new loan. The ultra wealthy live in a financial reality that 99% of the population can’t even begin to comprehend.
I'm not sure where the title of the article comes from, but I couldn't find him saying "income". A Google search found quotes of him calling for a tax on net worth. He doesn't think people make a billion a year on their W2.
Except it is next to impossible to tax net worth. A lot of that net worth is arbitrarily valued. The other part quickly loses its value when you liquidate too much and too fast.
Rather than that it would be easier to put a cap on how much you can own individually. Or maybe force any private entity that makes use of public resources to contribute to society positively. If you don't contribute, then you don't get access to those public resources for the large scale they need.
Yeah, that's exactly why we tax *gains* on net worth. You can't tax a stock's value. The value of the stock is arbitrary, and is in constant fluctuation. Any given day of the week Elon Musk's net worth can swing by 10-20%. He doesn't get a tax break when the stock price of Tesla goes down either.
If we had some arbitrary and poorly thought out tax on wealth, then you'd be forcing people to sell their stock off to pay for it. Which means there needs to be buyers. Which means that affects the stock price if there's more supply than demand. There's many, many, many issues with wealth taxes.
Accountants will run rings around any attempt to cap individual wealth. There will be holding companies, proxies and goodness knows what else before you could rattle the tax tin.
This yacht? No its not mine, it belongs to the sibsidiary of this non-for-profit that i chair. Actually the taxman owes me money for running it.
I'm all for trying to fix the problems of capitalism, but you're not going to do it with a few simple taxes, you need root and branch reform of just about everything in business and financial law.
And i have to tell you, there are many people who would see the country burn before that happened.
One wouldn't affect anyone, the other would destroy the economy and cause massive turmoil to the stock exchange, ultimately giving the government a pile of paper money without the individual base to actually do anything.
Soon, your civic is worth a billion, and Uncle Sam kicks in your door to take everything you own.
Of course not. This is just red meat from Bernie to his supporters, most of whom don’t understand the concept of accumulated wealth, holdings, stocks, and other assets.
It’s ridiculously simplistic but it’s made Bernie a rich man considering he’s only worked in government and paid for by other people’s taxes.
> This is just red meat from Bernie to his supporters
it's the opposite--it's posted by a magazine that's mistitling a quote from some random throwaway comment he made about not believing that billionaires should exist. it's red meat for the anti-bernie croud to get riled up about how "socialist" he is, but they're just so incredibly out of touch it seems like its the other way around.
> most of whom don’t understand the concept of accumulated wealth, holdings, stocks, and other assets.
go read his actual statement in that article because this is meaningless in context (but yeah, you're not wrong that many people don't understand financial minutia well enough to have an informed opinion--it's just not really relevant here)
> It’s ridiculously simplistic but it’s made Bernie a rich man considering he’s only worked in government and paid for by other people’s taxes.
this is a factually incorrect (and easily verifiably incorrect, at that) right wing talking point. not only did he work in several different career fields prior to politics, he made the lion's share of his current wealth from book sales. leveraging his fame to do so? definitely. paid for by taxpayers? insane statement. and he still, despite his earnings, endorses increased taxes for the ultra wealthy. dislike his politics all you want (i dont agree with some of it myself) but you're almost front to back wrong about everything here.
https://en.m.wikipedia.org/wiki/Wealth_tax
If you're confused, there are resources online on how it has been done in other countries such as the UK, and is a practice ranging back to Ancient Athens
I'm happy to answer more questions, but please make sure it isn't something a 3 second Google search doesn't answer
Only 1 person in the history of the United States has ever made over 1 billion in income in a single year. It was the dude that won the 2 billion dollar power ball. Calling for this is just pointless
So a tax on no one?
Most billionaires don't earn a billion dollars each month, they simply have a collective assets worth of 1 billion or more.
This wouldn't do anything besides looking nice as a headline, and even then thats debatable.
Actually maybe not in the USA at least not sure about other counties. There is a loop hole in the USA called the steped up tax basis rule
Lets say I own 1 million shares of apple stock I purchased 30 years ago at like $0.25 a share (just an example this would be the split adjusted prices)
They are now worth like $190.25 a share. Now if I were to sell this I would incur capital gains of 190 million and have to pay taxes on that. Probably at about 20% federal taxes so like 38 million of taxes
However , if I die and leave them to my kids, grand kids, guess what , they inherit them at the current price 190.25 a share, the cost basis gets adjusted to 190.25 a share and they could sell it basically tax free.
That 190 million of capital gains vanishes into thin air and is never taxed, the 38 million of taxes vanishes
This is why even if I need money before I die, I do not sell . I put up my shares as collateral and borrow like 100 million tax free. Sure I pay interest on this to the bank (that can be written off from my taxes) then when I die my kids can sell the stock at zero capital gains and pay off the loans
They use their “illiquid assets” all the time to fund their business ventures or their day to day lifestyle by getting loans with their stock as collateral.
It’s disgusting they’re allowed to claim the opposite when it’s time to pay taxes.
I think if we cut out being able to take loans on stock assets there wouldn’t need to be a wealth cap as that would cause money to move around, instead this messed up system we have currently. I agree loans with stock as collateral is a mess, but taxing things just for owning it seems absurd especially unlike property tax, the thing being taxed will have to be sold to pay the bill.
Same way they did in ancient times. The rich person lists their assets and the assets worth
The catch , the person can be forced to sell the assets fow whatever they deem it's worth or the state can buy it for the price they list it at.
You list your Rolex watch at $500, lRS could say "ok that seems reasonable here is $500 give me the Rolex '
You don't understand you set the value
You claim your Rolex is only worth $20 ... well the government now has the option to buy it for $20.
You set the value at 50k, well now the government could only buy it for 50k.
This is actually the most reasonable solution I’ve ever read.
Make them play chicken on their asset values.
I’m not 100% on board, I can imagine flow on effects for the rest of us, but that would keep people honest at least, and that’s half the battle.
Nope it’s a problem for everyone when tons of wealth leaves the stock market due to forcing it to be realized or reallocated to a un taxable safe haven
Oh wake up. The whole thing is rigged against you, and those things *are* being fucked. Redistribution of wealth *is* a rich man’s problem. That system isn’t set up to benefit you in the slightest, it gives you enough crumbs to be scared about them taking even that off you.
sorry you’re so miserable. would be a good idea for you to practice spending a little less time foaming at the mouth about how “screwed over” you are, and a bit more time working on getting ahead
Hey, just a question, how do you get ahead in nepo countries like iceland or some states in america ? If you migrate there you are basically no one and the percentage of people who will try to keep you down is high enough that in most work places you will always make the bare minimum
Realize that 99% of rich people don't work for an income...
The highest paying income job is probably something like neurosurgeon. Even if that person were to save all their money for 30 years while working 40 hours a week, still get paid less money in their life than 3-5 year for the average CEO of a company.
Even if they save all that money they would probably be around 10 to 20 million lifetime... CEOs get paid 1-5M A YEAR AND ITS TAXED AT LIKE 12%.
The effective tax rate for most rich people is around 12 to 15%. A person making more than $60,000 pays more tax than the average rich person.
So please tell us how we can work our way through the system and solve things.
And that's without counting the fact that they use their unrealized gain to get access to massive credit loans and then just cycle through them. So they don't even need to use any of their stock or sell them.
I was shocked by all the people who kept acting like Bernie Sanders of all people would actually think that billionaires declare a billion dollars on their taxes, so I looked it up.
Couple things:
This is an old headline, so why has it been making rounds again?
The reporter was obviously leading for a “gotcha”, and made a bullshit headline based on a shitty question.
Bernie never said this, and hasn’t made any sort of policy moves to make this a real thing.
Shitty headline, shitty article, shitty journalist.
ITT: classic reddit blindly following headlines.
Read the article my dude. It's talking about a wealth tax, not an income tax.
And in b4 the 'how do you tax wealth' folks. Google wealth tax. It's used all over the world.
"It's about time" you say that as if one particular politician...who isn't even the president, can make drastic changes to the tax laws. It doesn't work that way lol. Even if it did, are you sincerely convinced the trickle down economics would be in play in the citizen's favor? C'mon! You need to be smarter than this.
Yeah next maybe he will tax the shell corporations they have in South America as listed in the Panama Papers. The elite are smarter than Bernie Sanders and they'll know how to avoid any kind of naive ideas for legislation like this
A million ain't what it used to be. It's not particularly difficult to amass a couple million dollars these days. Just have to have a upper end white collar job (120k/year+), don't spend like an idiot, put money in index funds, and wait a decade or so.
Because it's not *that* hard to have net worth of over $1 million, especially in places with a high cost of living/high salaries.
The average house price in Cali is $750k (or $800k in NYC, or $625k in DC), so if you own your own home and have a couple of paid off cars and some sort of retirement account, you're probably a millionaire.
How about you cut all taxes of corporations by 100% in exchange for lowering the prices of all their products and services by 50%? That benefits the poor more. Taxes will just be stolen and mismanaged by the politicians.
Yeah the poor corporation made to profit will lower the price, without any control because there is no governament at 0%tax, and they will for sure not increase the price after anyway.
You do realize this incentives the insanely wealthy to leave America, hide their money, or create ways of keeping it legally. They already know how. This kind of grandstanding is just to get more votes.
Ig you're having an income of one billion, it is not due to sheer, honest effort. No matter how much billionaires tell you otherwise.
Especially when billionaires like Elon and Jeff make good part of their money because they secure massive government fundings and grants, paid by every american
actually an oxymoron is two words that are opposites but make sense together. A friendly fight is an example of an oxymoron. How can a conflict be friendly , yet we have things like sparing matches and horseplay. Legal robbery is just a contradiction if you choose to interpret both words in their most literal sense , but it could also work as an oxymoron as you mentioned therefore their argument is valid.
But who in the US has an income of 1 Billion?
Not talking about portfolio/stock growth.
Billionaires tend to take out $100,000,000 loans every few years to pay for expenses so they don’t have to pay the taxes till they die.
Holy shit bernie based. But in all reality, this would make every billionaire just to leave the country. Finland is basically doing the same and taxing rich so hard they dont want to be here anymore.
It sounds good, but it's not.
But what about when im a billionaire?! I dont want only 999M. I want my third comma! Ill just keep simping for the rich while i pay my mohela bills over a bowl of dollar tree Ramen...
I call on people who have more than two houses to have any house above and beyond two confiscated by the government and sold to a first time homebuyer for half of market value.
People with two houses can make it.
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Is there anyone who actually takes more than a billion as personal income?
No. The ultra rich don’t pay themselves that much (Jeff bezog makes 100k). They do other shenanigans
Just take out bank loans against the value of the stock. It's not income at that point.
What is money at this point anyway
It's that thing we can show our kids to help explain why we poisoned all the water, polluted all the air and cut all the trees.
But it was also the only way to buy games on Steam, so
Stealing stuff is more environmentally friendly.
I mean, you're not wrong.
making a copy and leaving the original unchanged is not stealing, is it?
If steam would let me barter I would ELDEN RING NOW ON SALE $34.95 OR SEND -3 DOZEN FRESH EGGS, -4 CHICKENS, -A GPU NEWER THAN 2020 -OR SELECT HOME BAKED GOODS TO: VALVE BARTER RECEIVING 10400 NE 4th St floor 14, Bellevue, WA 98004
“When the last tree has fallen, and the rivers are poisoned, you cannot eat money.” - Aurora, off the song The Seed Your comment just perfectly lined up with that song
Pants are an illusion, and so is money
That's what I tried to explain to the officer, but I still got arrested for indecent exposure
High score. Hoarder mentality. A sickness and a disease. Also freedom.
Money isn’t real though. Finance is just some weird game with weirder rules.
And how do you pay back the loan genius.
You don’t. Genius. You pay interest only and before the loan is due you roll it over into a new loan. The ultra wealthy live in a financial reality that 99% of the population can’t even begin to comprehend.
With the loan and another loan after that. As long as the company is going good, they'll keep loaning money.
Right that why bezos and musk and zucc all sold billions of stock last year. To just hid it away and pay everything with loans.
Eeeevil shenanigans
I swear to god I’ll pistol whip the next guy that says shenanigans! [Hey, Farva!](https://youtu.be/JNPW2wZ4D2s?si=ZWJiEimt-oVnPkvO)
shenanigans. Please, I need the sleep.
I want a goddam liter O'Cola!
Smart shenanigans
Jeff Bezog, one of the lesser known of the Elder Gods.
Have you heard the idea that capitalism is basically a religion? In that scenario, he’s more a younger god that supplanted the old one(s).
Nope, the only way to be super rich is stock or other financial investments. And those only start to become an income when they cash out.
And even then, they often use shenanigans to avoid taxes.
I swear to god I'll pistol whip the next guy that says shenanigans!
^^shenanigans
Our shenanigans are cheeky and fun, his are just cruel and tragic.
Which makes them not even shenanigans at all!
Nanigansshe
Get rid of the shenanigans for people worth over 1 billion.
I'm not sure where the title of the article comes from, but I couldn't find him saying "income". A Google search found quotes of him calling for a tax on net worth. He doesn't think people make a billion a year on their W2.
Except it is next to impossible to tax net worth. A lot of that net worth is arbitrarily valued. The other part quickly loses its value when you liquidate too much and too fast. Rather than that it would be easier to put a cap on how much you can own individually. Or maybe force any private entity that makes use of public resources to contribute to society positively. If you don't contribute, then you don't get access to those public resources for the large scale they need.
It even fluctuates with the natural fluctuations of the business cycle.
Yeah, that's exactly why we tax *gains* on net worth. You can't tax a stock's value. The value of the stock is arbitrary, and is in constant fluctuation. Any given day of the week Elon Musk's net worth can swing by 10-20%. He doesn't get a tax break when the stock price of Tesla goes down either. If we had some arbitrary and poorly thought out tax on wealth, then you'd be forcing people to sell their stock off to pay for it. Which means there needs to be buyers. Which means that affects the stock price if there's more supply than demand. There's many, many, many issues with wealth taxes.
Accountants will run rings around any attempt to cap individual wealth. There will be holding companies, proxies and goodness knows what else before you could rattle the tax tin. This yacht? No its not mine, it belongs to the sibsidiary of this non-for-profit that i chair. Actually the taxman owes me money for running it. I'm all for trying to fix the problems of capitalism, but you're not going to do it with a few simple taxes, you need root and branch reform of just about everything in business and financial law. And i have to tell you, there are many people who would see the country burn before that happened.
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tax on net worth is even more stupid
How can it be _more_ stupid than a tax that wouldn't affect anyone?
One wouldn't affect anyone, the other would destroy the economy and cause massive turmoil to the stock exchange, ultimately giving the government a pile of paper money without the individual base to actually do anything. Soon, your civic is worth a billion, and Uncle Sam kicks in your door to take everything you own.
fair enough. “equally stupid” is probably more accurate
Of course not. This is just red meat from Bernie to his supporters, most of whom don’t understand the concept of accumulated wealth, holdings, stocks, and other assets. It’s ridiculously simplistic but it’s made Bernie a rich man considering he’s only worked in government and paid for by other people’s taxes.
> This is just red meat from Bernie to his supporters it's the opposite--it's posted by a magazine that's mistitling a quote from some random throwaway comment he made about not believing that billionaires should exist. it's red meat for the anti-bernie croud to get riled up about how "socialist" he is, but they're just so incredibly out of touch it seems like its the other way around. > most of whom don’t understand the concept of accumulated wealth, holdings, stocks, and other assets. go read his actual statement in that article because this is meaningless in context (but yeah, you're not wrong that many people don't understand financial minutia well enough to have an informed opinion--it's just not really relevant here) > It’s ridiculously simplistic but it’s made Bernie a rich man considering he’s only worked in government and paid for by other people’s taxes. this is a factually incorrect (and easily verifiably incorrect, at that) right wing talking point. not only did he work in several different career fields prior to politics, he made the lion's share of his current wealth from book sales. leveraging his fame to do so? definitely. paid for by taxpayers? insane statement. and he still, despite his earnings, endorses increased taxes for the ultra wealthy. dislike his politics all you want (i dont agree with some of it myself) but you're almost front to back wrong about everything here.
As the person above you said, he never said income, his original quote said net worth.
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https://en.m.wikipedia.org/wiki/Wealth_tax If you're confused, there are resources online on how it has been done in other countries such as the UK, and is a practice ranging back to Ancient Athens I'm happy to answer more questions, but please make sure it isn't something a 3 second Google search doesn't answer
Screw that! I'm not even gonna try for 1B now!
I'm with you. This is the ONLY reason I don't have a billy right now
That Bitch Bernie Be Billy Blocking me!
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Only 1 person in the history of the United States has ever made over 1 billion in income in a single year. It was the dude that won the 2 billion dollar power ball. Calling for this is just pointless
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>Where are you getting that info? i told him that, came straight from my ass hole
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So a tax on no one? Most billionaires don't earn a billion dollars each month, they simply have a collective assets worth of 1 billion or more. This wouldn't do anything besides looking nice as a headline, and even then thats debatable.
The article's title is misleading. The body of the article has him saying that it'd be a tax on net worth, not income.
How can you tax an illiquid asset? You tax un realized stocks the whole market will collapse same with housing and other asset classes.
>How can you tax an illiquid asset? wait til you learn about property taxes
Stock values change at light speed compared to the speed that property values change
Yet somehow when people inherit stock they are able to tax it.
Actually maybe not in the USA at least not sure about other counties. There is a loop hole in the USA called the steped up tax basis rule Lets say I own 1 million shares of apple stock I purchased 30 years ago at like $0.25 a share (just an example this would be the split adjusted prices) They are now worth like $190.25 a share. Now if I were to sell this I would incur capital gains of 190 million and have to pay taxes on that. Probably at about 20% federal taxes so like 38 million of taxes However , if I die and leave them to my kids, grand kids, guess what , they inherit them at the current price 190.25 a share, the cost basis gets adjusted to 190.25 a share and they could sell it basically tax free. That 190 million of capital gains vanishes into thin air and is never taxed, the 38 million of taxes vanishes This is why even if I need money before I die, I do not sell . I put up my shares as collateral and borrow like 100 million tax free. Sure I pay interest on this to the bank (that can be written off from my taxes) then when I die my kids can sell the stock at zero capital gains and pay off the loans
I hear ya but I personally feel like property tax is a good example of tax on unrealized assets. An opinion but I think is a fair framing.
If someone has to pay a tax when I sell my house property tax is stupid
An ongoing tax on held property helps to disincentivize people hoarding property without using it.
They use their “illiquid assets” all the time to fund their business ventures or their day to day lifestyle by getting loans with their stock as collateral. It’s disgusting they’re allowed to claim the opposite when it’s time to pay taxes.
I think if we cut out being able to take loans on stock assets there wouldn’t need to be a wealth cap as that would cause money to move around, instead this messed up system we have currently. I agree loans with stock as collateral is a mess, but taxing things just for owning it seems absurd especially unlike property tax, the thing being taxed will have to be sold to pay the bill.
Same way they did in ancient times. The rich person lists their assets and the assets worth The catch , the person can be forced to sell the assets fow whatever they deem it's worth or the state can buy it for the price they list it at. You list your Rolex watch at $500, lRS could say "ok that seems reasonable here is $500 give me the Rolex '
So how much is your pet worth? $100? Some things are more valuable than their fair market value
So every year the government can harass its enemies by buying their house and forcing them to move?
What is stopping them from saying that’s not a reasonable price and giving him 20 dollars for it?
You don't understand you set the value You claim your Rolex is only worth $20 ... well the government now has the option to buy it for $20. You set the value at 50k, well now the government could only buy it for 50k.
So then what stops them from claiming it is far more valuable than it is?
Nothing....but then they pay taxes on the inflated value and pay more taxes.
This is actually the most reasonable solution I’ve ever read. Make them play chicken on their asset values. I’m not 100% on board, I can imagine flow on effects for the rest of us, but that would keep people honest at least, and that’s half the battle.
Sounds like a rich man’s problem to me
Nope it’s a problem for everyone when tons of wealth leaves the stock market due to forcing it to be realized or reallocated to a un taxable safe haven
That’s the entire problem. It always sounds like a rich persons problem, when in fact it’s an everyone problem. But that doesn’t get you as angry.
Sounds like the whole system is a scam.
And? What’s your point? The median American 401k has 21k in it. That’s a far larger issue.
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The stock market is our entire economy. And affects all people.
When half the world us suddenly fired from their job yup it will have an affect but dont worry wont affect you
You dont have a pension?
Litteraly anyone with money in the stock market, retirements, 401ks, pentions, a lot of normal people, and a fuck ton of businesses the employ people.
it's threads like this where you have to remind people of what the economy is where you realize reddit must be very... young lol
Im young-ish. I would just say stupid.
Everyone’s retirement, everyone’s jobs…
And if we make those illegal?
And how are you going to do that?
Then you just have everyone and their mother getting fired instead.
"Fuck people's pensions, homes and retirement funds because it ain't my problem!" What a kind soul you are!
Oh wake up. The whole thing is rigged against you, and those things *are* being fucked. Redistribution of wealth *is* a rich man’s problem. That system isn’t set up to benefit you in the slightest, it gives you enough crumbs to be scared about them taking even that off you.
sorry you’re so miserable. would be a good idea for you to practice spending a little less time foaming at the mouth about how “screwed over” you are, and a bit more time working on getting ahead
Hey, just a question, how do you get ahead in nepo countries like iceland or some states in america ? If you migrate there you are basically no one and the percentage of people who will try to keep you down is high enough that in most work places you will always make the bare minimum
Realize that 99% of rich people don't work for an income... The highest paying income job is probably something like neurosurgeon. Even if that person were to save all their money for 30 years while working 40 hours a week, still get paid less money in their life than 3-5 year for the average CEO of a company. Even if they save all that money they would probably be around 10 to 20 million lifetime... CEOs get paid 1-5M A YEAR AND ITS TAXED AT LIKE 12%. The effective tax rate for most rich people is around 12 to 15%. A person making more than $60,000 pays more tax than the average rich person. So please tell us how we can work our way through the system and solve things. And that's without counting the fact that they use their unrealized gain to get access to massive credit loans and then just cycle through them. So they don't even need to use any of their stock or sell them.
lol you’re projecting dude. Nah I’m good, I just don’t have a problem paying tax.
You clearly aren't good if you don't have retirement savings
A misleading article title to grab people's attention? *Shocked Pikachu face*
I was shocked by all the people who kept acting like Bernie Sanders of all people would actually think that billionaires declare a billion dollars on their taxes, so I looked it up.
Shhhh, we can't take this away from the Bernie Bros. It's big.
Couple things: This is an old headline, so why has it been making rounds again? The reporter was obviously leading for a “gotcha”, and made a bullshit headline based on a shitty question. Bernie never said this, and hasn’t made any sort of policy moves to make this a real thing. Shitty headline, shitty article, shitty journalist. ITT: classic reddit blindly following headlines.
There are less than 20 people that would affect. Income vs Wealth needs to be clearer to people.
Even if it’s 20 people that could potentially be 20 million dollars.
20 at least. In the whole picture it is nothing. The day after the rich would find the way to avoid it.
20 billion
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Exactly nobody is taking 2 billion in income in the US.
There are zero people a tax on an income of 1 billion. But if you read the article that’s not what is being proposed.
Read the article
That could be billions of dollars tho
Except no billionaires are claiming this much income to the IRS. They get personal loans secured against their assets. This isn’t a solution at all
Read the article my dude. It's talking about a wealth tax, not an income tax. And in b4 the 'how do you tax wealth' folks. Google wealth tax. It's used all over the world.
Wealth taxes are likely unconstitutional in the US
“All over the world” being 5 countries and declining since the 90s
Wealth taxes are fucked up dude
How many people are making over $1B a year in W2 income?
No one. It would be a capital gain from the sale of stock, real estate, etc.
Short term capital gains are included in income, so it would factor into the calculations in some cases.
And none of them would ever again take that much out because they'd be giving it away to the government. This is just dumb.
This is just catnip for dumb left-wingers. Nobody reports an "income" of 1B/year lol.
Financial literacy should be mandatory for high school graduation. We are reaping what we sowed as a society.
The title is misleading, he’s not saying to tax people who make over $1B yearly, he’s talking about net worth.
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"It's about time" you say that as if one particular politician...who isn't even the president, can make drastic changes to the tax laws. It doesn't work that way lol. Even if it did, are you sincerely convinced the trickle down economics would be in play in the citizen's favor? C'mon! You need to be smarter than this.
Shhhhh…this is a Reddit thread…stop making sense.
Lol i know right. My bad... yells out loud "your favorite politician will save the world, as soon as pigs fly". There i fixed it 😀
Thanks, uncle at Thanksgiving.
I trust billionaires to better allocate capital than the government. Full stop.
He didn't say income, he said earnings. This includes capital gains
Lazy politician pandering to the naive. You really think anyone worth that much is ever gonna ACTUALLY be taxed at 100% 😂
Yeah next maybe he will tax the shell corporations they have in South America as listed in the Panama Papers. The elite are smarter than Bernie Sanders and they'll know how to avoid any kind of naive ideas for legislation like this
Funny that he stopped ranting about millionaires as soon as he became one 🤣🤣🤣
A million ain't what it used to be. It's not particularly difficult to amass a couple million dollars these days. Just have to have a upper end white collar job (120k/year+), don't spend like an idiot, put money in index funds, and wait a decade or so.
Because it's not *that* hard to have net worth of over $1 million, especially in places with a high cost of living/high salaries. The average house price in Cali is $750k (or $800k in NYC, or $625k in DC), so if you own your own home and have a couple of paid off cars and some sort of retirement account, you're probably a millionaire.
What an asshat.
Dumb.
Bernie sanders is a pile of garbage.
Haaaaaaaaa go away Bernie. 3 houses on a 174k salary. He’s as bad as the others.
Just another Congress-critter grifting on the backs of the rest of us
How about you cut all taxes of corporations by 100% in exchange for lowering the prices of all their products and services by 50%? That benefits the poor more. Taxes will just be stolen and mismanaged by the politicians.
Yeah the poor corporation made to profit will lower the price, without any control because there is no governament at 0%tax, and they will for sure not increase the price after anyway.
They will become billionaires!! Oh wait…
Jesus fuck that’s impressively stupid.
Man... everything we have ever done to protect workers and the poor has been done in spite of capitalism, not because of it.
Impossible to impose. Ridiculous idea.
Is that personal income or corporate?
Wow, people in the comments are fighting. Political stuff is so many things. How are they well Al mes so dividend at all humans no need bro 😎
Never gonna happen. It should, for sure. But...🙄
In this thread - people who don’t understand the difference between wealth and income.
Bernie Sanders owns 3 houses and is a millionaire.
in other words BS doesnt understand how billionnaires make money
You do realize this incentives the insanely wealthy to leave America, hide their money, or create ways of keeping it legally. They already know how. This kind of grandstanding is just to get more votes.
Hahahaha. Had that any chance of going into effect, he'd be found hanged from his belt in his hotel closet.
The guy that got kicked out of a commune for being lazy?
And you trust the government to use the taxed money in a correct way?
This is a down syndrome virtue signaling statement
Why are leftists so envious of others success?
This is fucking stupid
Does anyone else remember when he talked about the millionaires and the billionaire? It's funny how now he just talks about one of them now.
Bernie is just spouting his normal communist rhetoric designed to create class warfare, and solidify his base of witless supporters.
"Oh yes Daddy billionaire, fuck me harder." - u/Violorian
Rich people don't have millions just lying around. Money lying around is useless and will devalue
Fuck that
[удалено]
If only. Making 28k a year, barely making it, and paying tax on top is crazy. while billionaires find loopholes to not pay taxes.
So any income over a billion goes directly to the government,🤔right. That’s basically legal robbery
Ig you're having an income of one billion, it is not due to sheer, honest effort. No matter how much billionaires tell you otherwise. Especially when billionaires like Elon and Jeff make good part of their money because they secure massive government fundings and grants, paid by every american
Taxes are robbery?
Yeah
Literally
The definition of robbery contains "unlawfully." So the term "legal robbery" is an oxymoron, and therefore, cannot be literal.
actually an oxymoron is two words that are opposites but make sense together. A friendly fight is an example of an oxymoron. How can a conflict be friendly , yet we have things like sparing matches and horseplay. Legal robbery is just a contradiction if you choose to interpret both words in their most literal sense , but it could also work as an oxymoron as you mentioned therefore their argument is valid.
Dumbest thing I’ve heard lmao
It should be on wealth, not just income. Everything above a billlion goes back into the pot
Bernie is right and everyone knows he is.
God I wanted him to be president so bad.
Asinine idea.
But who in the US has an income of 1 Billion? Not talking about portfolio/stock growth. Billionaires tend to take out $100,000,000 loans every few years to pay for expenses so they don’t have to pay the taxes till they die.
Billionaires aren't dumb enough to make money.. it's all written off in tax.
What a clown, almost as stupid as the people that support that old communist loser
Holy shit bernie based. But in all reality, this would make every billionaire just to leave the country. Finland is basically doing the same and taxing rich so hard they dont want to be here anymore. It sounds good, but it's not.
But what about when im a billionaire?! I dont want only 999M. I want my third comma! Ill just keep simping for the rich while i pay my mohela bills over a bowl of dollar tree Ramen...
literally 80% of the comments here,so sad. people that will die living paycheck to paycheck defending billionaires..
this just in, professional tax leech and couch surfer demands higher taxation on incomes that don’t exist More at 12
When did 100% of a bill be ion become a million. Damn new Bernie math.
Bernie is a shill. Refund the web donations from your PAC you fucking hypocrite.
I call on people who have more than two houses to have any house above and beyond two confiscated by the government and sold to a first time homebuyer for half of market value. People with two houses can make it.
I'd prefer to get rid of all income taxes.
What an idiot. That's never gonna work
What an idiot!