/biz/ - Business & Finance

Right, because standing 6 hours in line every day for a load of bread and a single fish is a better way to live.

They still have to work involuntarily.

>wagie
>if you don't work, you can't pay the bills.

>billionaries
>if you don't work, (((they))) will kill you.

>>13178904
>dodging the issue
Fucking republicans, I swear.

>>13178910
wheres the fucking evidence for this.

>>13178889
>reading leftist trash
Not going to make it. Besides, learn how to fucking extrapolate headlines, that's not what it says at all. The article says that 26 billionaires are as rich as 3.5 billion street shitters, not that they have half of the world's wealth.

>>13178919
Bootstraps boy

>>13178936
>own as much of the wealth as half of the world
It is saying they own HALF of the wealth in the world, dipshit.

>>13178953
>According to the report, published Monday, billionaires have never had it better. The combined riches of the world’s 26 most wealthy billionaires equals $1.4 trillion — this is equal to the total wealth of the bottom 3.8 billion of the world’s population.
Straight from the fucking article. You and me should go on a helicopter ride sometime.

>26 individuals die
>money is disbursed evenly
>world average wealth is doubled

I'm not a full socialist but these people should be hunted and their wealth given to the rest of the world

Millions of average people are murdered and robbed for everything every day

These billionaires should be exempt from statistical occurrences just because of the stupid size of their wealth?

At that point All of their responsibilities are delegated already, we don't have faith in the effectiveness centralized utilitarian government but we still believe these individuals are the tit society feeds from?

>>13178953
who cares? People gave them their money of their own accord. Let me ask you, do you use any of the following services
>google, facebook, amazon, microsoft
Why? are they evil and did they force you at gunpoint to give you them money? no... they became popular because they solved problems we all have.

The rich getting richer is just the way of the world you goddam commie

>>13178970
Point still stands. They have an obscene amount of wealth.

26 people own the equivalent to what 3.8 billion others own. Still. A. Fuck. Ton.

And a marginal tax rate would be like taking pennies from these fucks. Say there's a marginal tax rate of 70% for everything over 1 mil, the whole 1 mil doesn't get taxed over 70%, just anything over 1 mil.

>>13178976
>reddit spacing
>advocating for global wealth redistribution
>not a socialist
Go back.

>>13178976
>I'm not a full socialist but these people should be hunted and their wealth given to the rest of the world

1.4 trillion/3.8 billion =$368 per person
Wow! world poverty solved!

>>13178991
Do you even know what a marginal tax rate is?
Taxing the omega rich by 70% at say 1 mil would still make them uber rich. It's called paying your dues.

>>13178889
Wealth isn't a fixed pie.

>>13179011
*at over 1 mil

>>13178998
Fuck out of here with that shit. When my crypto bags finally moon to ungodly highs I am not going to be giving you parasites a goddamn nickel.

>>13178889
>half the world

That's not saying much.

>>13179028
Fucker republicans and their doen syndrome parasite selfish brains.

I bet you also believe in trinkle down economics like trump does Lmao.

>>13179011
capital flight dummy. Either they're here paying 25% or you get greedy and try to grab 75% and they are on the next flight to ireland or wherever where they can pay 30% or less.

>>13179032
Poor people are poor because they're worthless subhuman trash. They don't deserve any help, they deserve to die in a gutter.

>>13179032
you're the greedy one who wants to leech off of other people because you think they have too much. They earned it from willing customers. Go get your own customers faggot.

>>13179050
Uh excuse me? We need to kill all the productive people and give their wealth to the nonproductive people. This is surely just and morally right. It is morally right to kill and steal but it is not morally right to make money and own things

>>13179032
That was barely English. I'm also NRx so pretty fucking far from your standard boomer MAGAtard. Fuck this society, the left has made it very clear that they hate me simply for being a straight white male and I will never be on their side again.

>>13178889
if rich people have so much money, and so much expensive shit, they have to spend that money on the expensive shit. so aren't they just spending/passing on wealth by buying stuff and having to maintain it, like yachts and mansions? how does wealth work?

>>13179035
>dey will take their business elsewhere!!!!!
https://www.google.com/amp/s/amp.theguardian.com/inequality/2017/nov/20/if-you-tax-the-rich-they-wont-leave-us-data-contradicts-millionaires-threats

>>13179059
I guess no one ever should pay taxes then. Bright idea, retard.

>>13178889
>yfw there's incels who come to hyper capitalist cigar afficanido SharePoint to shill for leftist agendas.

Yikes ya fuckin retards. You kids are about as dumb as yang gang

>>13178889
National-Socialism is the only solution

>>13179066
>nepotism
>trust fund babies
>billionaire marriages
The only people that are productive are a few CEO's and the rest are small businesses owners and wageslaves. The rest of the billionaires are leeches who benefitted from a system their ancestors set up for them millennia ago.

>>13179068
They don't have money nor expensive shit. This is what the leftist commies don't understand. They have a bunch of shares in companies or a bunch of real estate holdings. Taking that and "redistributing" it to the poor will do jack shit.

>>13179074
oregon did not pass a 75% tax rate, read your own article dipshit.

>>13179068
Nope. Not how it works. Middle class and poir spend more than the rich do.

Example: middle class guy might buy 30 shirts. A rich guy wouldn't just buy 1000 shirts just because they have more money.

https://prospect.org/article/want-expand-economy-tax-rich

Taxing the rich while giving a tax cut to the poor and middle class = more disposable income = more spending = more demand = more jobs.

>>13179092
That wasn't the point, dumbass. I'm saying taxing the rich more won't cause them to leave the country by much. Take your own advice and read, dipshit.

>>13179082
No, Reactive Socialism is the new answer.

>>13179094
>>13179102
Wow. This is almost embarrassing. I hope you're still in highscool

>>13178991
>giving of their own accord

You are extremely naive.

These people entrust their money to market makers who punch through stop losses and soak liquidity with zero regard for the underlying fundamentals. These people are black holes of financial power and end up taking more than what is given by virtue of their being big enough to guide their respective spheres of influence. Their wealth also guides policy and regulations in such a way that they end up taking.

>>13178991
Explain living in the West and not using these services.... your almost by default forced to to seem normal, you stupid fuck “muh free market” conservatives deserve whats coming to you

>>13179102
uhh if it jumped to 75%, and not by the measly 1% you are talking about, YEAH they're going to fucking jump ship. you're comparing your fantasy world to something that no one was stupid enough to try.
>>13179094
you misunderstand why things are expensive. it's not because of the rich. it's because of supply and demand. rich people aren't hoarding all the shirts. they can just buy nicer ones if they want to. but they mostly just keep their money in stocks. a person being rich isn't hurting you.

>>13179124
>can't even fucking read
Resorting to bullshit like "why you're so dumb" arguments makes you look like a moron.

>>13179094

their 2019 mercedes cost more to own and to maintain than my 1993 GMC.

their mansion cost over 5k a month to AC. i pay 50 bucks a month for AC.

i find it hard to believe that someone who makes over a million dollars a year spends less than someone who makes 25k a year.

>>13179102
You're a fucking Mong if you believe the billionaires and millionaires of the U.S. wouldn't leave if you morons got to attempt "real communism"

>>13179136
Incel cope is always tasty. Not sure why you're mad about being low iq. Just take the L virgin

>>13179142
Bootlicker poorfags licking the anus of the rich hoping to get a whole piece of corn.

>>13178889
No faggot focus on your own personal life who cares what these elite shmucks do just focus on you

>>13179125
i wasn't talking about the stock market... that's an entirely different game and if you play you know the rules. No reward comes without risk. idk how you could read that post and think talking about stop hunting was relevant.
>>13179126
is that a threat? the fuck? no one gives a fuck if you want to be special and not use useful things.

>>13179083
This

Its impossible for a single person to make that much wealth. At most a person can do maybe twice as much as the average person. These billionaires aren't super geniuses, they were just there at the start of big companies or have their name in on profitable conglomerates. Heading companies where thousands are the true wealth creators

The only way they're gaining more power is by leveraging the power they already have. Not cause they're savants that are better than others in any other capacity.

If you take those 26 billionaires, strip them of all their money and reset them they won't even come close to returning back at the level they are now. Maybe the truly talented few could become millionaires, but that's it.

>>13179178
>but muh Jeff bezos, bill gates, steve jobs, boomerffett

>>13179130
>YEAH they're going to fucking jump ship.
Prove it, dipshit. Cite a source.

I also didn't say things becone more expensive because the rich don't spend more. I never said that. I was explaining how giving a tax cut to the poor and middle class while taxing the rich more would actually help the economy.

I am saying the poor and middle class make up most of consumers and 68% of gdp growth is caused by consumer spending.

>>13179194
source: every country in the world is not stupid enough to do that. not even the nordics.

>>13179156
This is called being a fucking ostrich. Society will not fix itself.

>>13179149
Retarded counter-argument. You're a republican so no surprise.

>>13179144
CITE A SOURCE THEN
Holy shit. You just want me to take your word for it dogmatically?

>>13179087
so im just imagining rich people driving around in brand new porches with diamond rolexes and you mean to tell me 1.) it's not expensive or 2.) they have no money and they bought all that shit with shares of a company?

how fucking stupid are you?

>>13179201
ok then bucko, start your violent revolution, see how many people join you. If i work a few more years I'll own my own house outright, capitalism seems to be working fine for me, despite starting with very little.

>>13179199
Cite an actual source, idiot.

>>13179215
Take away all the porches and rolexes from the rich and you might have enough to give 1 cent to every single person in the world.

if you find the flashiest mansion in your city its probably a jewish white collar criminal or nigger sportsball retard, either way kill em and take their shit. jews want you to commit suicide and be poor so better the gun them down instead of suicide or watch retartded niggers get all the good cars and homes. get guns and start shooting rich hindus niggers and jews before feeling guilty and sad and thinking suicide. kill enough niggers and faggots and hindus and jews and america will be great again

>>13179210
do you need a source fed to you, do you lack a brain? i guess that explains the leftism.
put yourself in their shoes.
Today you have $1billion dollars. If you think you have too much, then why not donate your money to the poor?
Did they forget they could do that? Or is it because they don't want to?
Now someone wants to triple your tax rates, do you avoid that, or just stick around because.... oh well you don't care about money anyway?

Doesn't AOC's tax only apply for income?

>>13178889
For those 26 people, the bulk of their net worth is tied up in stock that they can't cash out or else it would crash the entire market. It's imaginary wealth.

>>13179224
i can't keep up with this autism

Stop touching things that aren't yours
Stop hating success and ambition

>>13179142
Lower proportion of spending to income.

>>13179242
this is true so better to slaughter the jews and niggers and hindus and faggots that are lawyers and fnacy scumbag bankers and white collar criminals with fake degrees. gun them the fuck down in every city until they stay away from white women and start paying us large fucking vgolumes of cash not to slaughter them and burn their jew suburbs and nigger mansions

>>13179125
This. Money should not be treated as a productive instrument, only as a measuring stick for the value of goods and services, for it is those that are the REAL economy. Wallstreet produces literally nothing (not even returns beating the indexes, unless you are very lucky) yet they are like 30% of the economy, maybe more if we consider the manipulations of the fed combined with the financial engineering of wallstreet to create massively over-leveraged corporate and govt sectors, and the influence of their money effectively giving them rule of law. Mark my words, SP, Moody's and Fitch are being very generous with their corporate bond ratings; we know they are over levered, but measured by debt ratios alone it's actually much worse. Yield curve deniers beware, this thing could burst literally any moment. Cap it

>>13179191
I don't care how rich you are, at that point 99.999% of a company's decisions are delegated to other folks. Folks who are working hard as bezos, gates, and jobs were at the start.

And they still reap the vast sum of rewards through ownership of stock and everything. It's like a man discovering a gold mine, signing his name on it and owning it for the rest of its mining. These people didn't create their companies, they discovered good ideas which reside in the consciousness of people and sometimes brought in more money by cult of personality.

copyright, stocks, patents, other laws protect these ultra wealthy, and we all are in agreement because of the 0.00001% chance we'll hit it big too

>>13179270
go outside and breathe some fresh air bud

>>13179237
>do you need a source fed to you, do you lack a brain? i
So you're full of shit, don't have a source, and expect me to believe in things dogmatically. Retarded republicans baka

>Today you have $1billion dollars. If you think you have too much, then why not donate your money to the poor?
You expect rich people to do that shit, you tard? That's why they need to be taxed more while giving tax cuts to the middle class and poor. Rich people won't typically give out a huge percentage of their money away.

>Did they forget they could do that? Or is it because they don't want to?
Because they don't want to

>Now someone wants to triple your tax rates, do you avoid that, or just stick around because.... oh well you don't care about money anyway?

Holy shit. I don't care about your shit logic. I want to see actual statistics, not bullshit assumptions.

miami beach new york city palo alto and beverly hills are basically where the jews that robbed america live. hunt the fucking jews and slaughter them get zuckerberg the twitter faggots all the bankers uber and lyft welfare faggots hell even elon musk is a welfare billionaire could gun him the fuck down too

>>13178889
>wagie problems

So glad I left the rat race. Shit like this doesn't concern me anymore. It interferes with my daily 4 hours of piano practice. I find I just cannot channel the essence of my emotions into my playing with such humdrum and cacophony muddying my mind.

>>13179293
Why don't you start your own country with a 100% tax rate and see what how many rich people sign up to move there?

>>13179279
>we all are in agreement because of the 0.00001% chance we'll hit it big too
No, because you would still be in the stone age instead of standing on giants' shoulders

>chance
not really

>>13179280
whatever faggot, stay inside and watch gay niggers on tv. Thats on you and you can fucking eat shit and die

OP is brain damaged and doesn't see that businesses are for profit and will do anything to stay in profit

>>13179293
https://patch.com/new-york/new-york-city/rich-people-are-fleeing-new-york-droves-study-shows

Wow so fucking hard to find.

Transfer of wealth is coming. Buy chainlink.

>>13179157
Your so fucking stupid its not even worth debating

Keep sucking multi billion corporate cock while everything continues to collapse and see how well you end up doing

This should kill any Chinese GSD niggers

动态网自由门 天安門 天安门 法輪功 李洪志 Free Tibet 六四天安門事件 The Tiananmen Square protests of 1989 天安門大屠殺 The Tiananmen Square Massacre 反右派鬥爭 The Anti-Rightist Struggle 大躍進政策 The Great Leap Forward 文化大革命 The Great Proletarian Cultural Revolution 人權 Human Rights 民運 Democratization 自由 Freedom 獨立 Independence 多黨制 Multi-party system 台灣 臺灣 Taiwan Formosa 中華民國 Republic of China 西藏 土伯特 唐古特 Tibet 達賴喇嘛 Dalai Lama 法輪功 Falun Dafa 新疆維吾爾自治區 The Xinjiang Uyghur Autonomous Region 諾貝爾和平獎 Nobel Peace Prize 劉暁波 Liu Xiaobo 民主 言論 思想 反共 反革命 抗議 運動 騷亂 暴亂 騷擾 擾亂 抗暴 平反 維權 示威游行 李洪志 法輪大法 大法弟子 強制斷種 強制堕胎 民族淨化 人體實驗 肅清 胡耀邦 趙紫陽 魏京生 王丹 還政於民 和平演變 激流中國 北京之春 大紀元時報 九評論共産黨 獨裁 專制 壓制 統一 監視 鎮壓 迫害 侵略 掠奪 破壞 拷問 屠殺 活摘器官 誘拐 買賣人口 遊進 走私 毒品 賣淫 春畫 賭博 六合彩 天安門 天安门 法輪功 李洪志 Winnie the Pooh 劉曉波动态网自由门

>>13179342
Moving state to state, not to a different country, tard. Even the article I cited stated as much.

>>13179307
When did I say I want 100% tax? What kind of retarded bullshit is that?

>>13179313
>>13179313
>100,000s of people trying to start similar businesses at any given moment
>a handful of people's stick, for whatever environmental/atmospheric reasons out of the individual at question's control, maybe just the right demeanor
>not because of extraordinary intelligence or gifts, but meeting the right talented or wealthy people at the right time to help to scale

Seems like chance to me

>>13179293
https://en.wikipedia.org/wiki/Capital_flight#Examples
https://www.theguardian.com/world/2014/dec/31/france-drops-75percent-supertax
https://www.dailymail.co.uk/news/article-4932482/Wealth-tax-forces-12-000-millionaires-YEAR-France.html
>Last year alone, 12,000 millionaires emigrated from France - the highest outflux in the world.
https://www.reuters.com/article/us-france-supertax-idUSKBN0K11CC20141223

>>13179358
there's no magic system that will stop volatility, except murdering everyone. a well diversified portfolio is encouraged if you want safety.
food stores, guns, ammo, gold/bitcoin, cash and stocks. thankfully due to free trade I've been able to work and stock up on all of these.

>>13178904
>because what we have now or bread lines are a binary choice. humanity is only capable of these 2 options.

>>13179391
t. commie apologist faggot

>>13179388
I already have all this shit you idiot id just rather not deal with a collapse to begin with,

All that needed is not completely fucking over the middle/ lower class but your too much of a faggot free market sperg to be willing to see things the way they are

Hopefully the orcs get a hold of you and your “stash” you cold fuck

>>13179377
all these faggots have is strawman arguments. the actual system is indefensible.

>>13179401

>>13179409
ok then, i'll hear you out, what's your magic wand for making volatility go away?

>>13179419
look at my links above. your stupid idea has already been tried and failed miserably. most of France's millionaires fled the country.

>>13179426
Can all the fucking immigrants coming here and fine corporations into oblivion who are operating illegally

There you dumb fuck spiritual boomer ive now magically turned America into a decent place again

You stupid fucking sperg

>>13178919
If you love socialism so much just go live in Venezuela

>>13179388
https://www.google.com/amp/s/www.courant.com/politics/hc-pol-millionaires-leaving-ct-1226-20181226-dy2bmxno7fdpnbeeojoowcuwyi-story.html%3foutputType=amp

"More importantly, income migration hasn’t been a big driver of states’ overall economic health. One of the largest tax cuts for the rich in modern Connecticut history nearly three decades ago did not spark an influx of millionaires into this state."

https://www.google.com/amp/s/www.forbes.com/sites/patrickwwatson/2018/05/10/high-taxes-dont-make-rich-people-move/amp/

"Young’s research, based on 13 years of tax data for every U.S. millionaire, says the opposite is more accurate. Only about 2.5% of millionaires moved to new states each year, and not all went to lower-tax states."
"One reason is that millionaires tend to be older people with deep roots in their communities. They have family and business ties. They like living where they do."


https://www.reuters.com/article/us-usa-economy-investment/1-5-trillion-u-s-tax-cut-has-no-major-impact-on-business-capex-plans-survey-idUSKCN1PM0B0
Tax cut to the rich do nothing btw. Even IF you want to argue taxing the rich will cause them to leave, giving them a tax cut would do virtually NOTHING.

>>13178889

Net worth =/= Wealth

Liberals literally don't understand how money works, nearly 99.999% of money does not actually physically exist in a way that you can withdraw and spend it. Most of it is locked up with zero liquidity and if you try to spend it, it vanishes.

>>13179555
Strawman. Pathetic.

Apparently the nordic countries are socialism too by your logic, huh? Idiot.. (btw nordic countries work through a type of capitalism despite how they offer more powerful social programs than the u.s.).

>>13179564
i showed you evidence of exactly what happens with your desired 75% tax rate and you moved the goalposts.

>>13179587
And I showed you evidence that shows that's not necessarily what will happen in the u.s. just because it happened on france AND that giving a tax cut to the rich isn't going to fix anything either.

>>13179616
i just said raising them to 75% is retarded. everything else you're arguing is against something I never said.

>>13179643
That was in france. And I showed how just because it happened in france doesn't mean it will happen in the u.s.

High marginal tax rate in the u.s. isn't unheard of. It's been as high as 91% at one point.

>>13179658
>That was in france. And I showed how just because it happened in france doesn't mean it will happen in the u.s.
are you actually braindead? the millionaires all left and specifically said it was because of that. why the fuck do you think american millionaires, of all people would behave differently. You're just going to deny every single evidence and find one tiny little thing that's different so you can keep believing in your commie delusions.
>. It's been as high as 91% at one point.
actually no. if you go back and look, there was almost no one in those tax brackets during that time period. and those that were, had other tax loopholes to avoid it.
There was actually very very little revenue generated from those absurdly high tax rates. [hint: that's why they were lowered]

tl;dr get a fucking job and stop worrying about what other people have.

If they want to give back they should be setting up trust funds to fund services in their home country not fucking trying to cure denghi fever in Timbuktu

>>13179678
>get a job dur hur
I have one, faggot. Literally your only argument is "the rich will move"! And you keep going back to the france example.

It's funny how much the quality of life would improve with this suggestion of a higher marginal tax rate. Bootlicker.

>>13179008
Thats enough to buy my wifes boyfriends son a switch!!

>>13179706
you are such a whiny bitch. go move to norway if you want your high tax utopia

>>13179731
>whiny bitch
Ya, trying to improve the country is being a "whiny bitch". What a faggot.

>>13178904
Fpbp

>>13179756
it's not an improvement. everything is expensive as fuck in norway, and all their products are shitty to boot. if they didn't have a massive oil industry supporting them its questionable if they could even survive

>>13178998
Lol, you fucks act like you donate to the poor all the time, donate everything you make over 50k you dont need more than that half the world lives on 10 dollars a week

>>13178920
https://medium.com/@daviddrake_64812/why-is-matthew-mellon-considered-a-cryptocurrency-icon-5f7b0e4b8915

https://www.washingtonpost.com/news/business/wp/2018/01/26/the-billionaires-were-found-dead-in-their-mansion-now-police-say-they-were-murdered/?utm_term=.7c4ec0abc6b6

https://dmlnews.com/report-billionaire-mexican-businessman-found-dead-car-photos/

>>13179793
>Lol, you fucks act like you donate to the poor all the time
What are you fucking talking about? I never do and that is besides the point. My money would not go very far compared to that of a very wealthy person.

>>13179776
Yet they remain one of the statistically happiest countries in the world. Hmmmmmmmmmm

>>13178889
Billionaires have a lot of money but they don't have likes!

>>13178889
Dont listen to the idiots below. They believe they've got a chance of getting among the superrich. thats the whole point of lotto capitalism. You cant bget People to realise what a shitty system it is cause they all dream of getting to the top. And the whole culture supports their daydreaming

>>13178889
money is a shitcoin, half the supply is held by the team. this isn't bad fren, imagine if those 26 people domp it at the same time.

>>13180443
Yep

>>13178910
You're not wrong. I'm starting to realize the best thing is you make say 4 to 30 million, enough that you'll always live a great life at that point but not enough to be noticed and hunted down by people. That is your sweet spot where you are free from everything.

>>13178998
Why not just shoot these people then? If we set up over bearing taxes we both know they are going to have a way around it and it will ultimately be used to harass the middle class, upper middle class, smaller wealthy people and small business owners bringing us all down to a lowest common denominator.

>>13180506
Get a job.

>>13180539
If you shoot them their capital will just to move to their heirs.
You can confiscate their capital but the State will just either bankrupt the whole thing in no time because government bureaucrats are subhumans or just sell it to another billionaire.

Capital redistribution is impossible in the current without dozen of millions of dead and it the process will simply repeat itself.


>>13180506
>implying billionaire aren't actively subsidizing open borders and world government in order to have the cheapest
Leftists supporting a world without borders are just anti-white faggots who will get brutally murdered in the incoming tribalization of society, and that's a great thing.

>>13180620
>Leftists supporting a world without borders are just anti-white faggots who will get brutally murdered in the incoming tribalization of society, and that's a great thing.
That image has nothing to do with open borders, idiot.
It's to show the dumbass mentality of "my country is doing well therefore I'm doing well".

>>13179067
Good phaggot
Might aswell kys

>>13178889

When half the world makes $1 a day it's not hard to be richer than them.

>>13178889

>26 people own more than 3,5billion niggers, pajeets and changs

Wow really!

>>13179035
>multi-millionaire leaves america to avoid higher taxes, renounces citizenship
>wealth is still in american businesses
>those american business dividends/income that would go to him start getting taxed before coming to him
>he really doesn't want to pay those taxes so sells off all american assets
>new growth in america as new businesses are created to fill the hole that was left
It seems to me that the us gov can tax whoever makes money off the american people, so any richfag that leaves is just leaving money on the sidewalk for someone else to pickup.
Can you imagine if a bigass corporation like amazon started closing up shop because bezos thought the taxes on his profits are too high? Fucking lol everybody and their grandma would be trying to start or invest in businesses to try and become the replacement amazon.

>>13179891
At what income/wealth level would you start donating to charities/poor?

http://philanthropynewsdigest.org/news/poor-americans-are-country-s-most-charitable-demographic

>look up the article and see if they mention the rothschilds
Of course they don't, pic still relevant.

>>13180762
What point are you trying to make?
Charity is pretty irrelevant for this post.

>>13180785
You're saying people with a lot of money should help out society just because just they're wealthy, but at the same time you don't want to help out because you're "poor". Typical cop out response out of a hyprocrite.

>>13178889
those are inflated on paper wealths

>>13180785
Also, charity is completely relevant because why is not taxing the rich people more not equivalent to charity for society>

>>13180835
*why is taxing the rich more not equivalent to charity for society?

>>13180822
>>13180835
>You're saying people with a lot of money should help out society just because just they're wealthy
Yes. Not through charity.
That won't boost the economy. Taxing the rich and giving tax cuts to the poor and middle class creates more disposable income. Less financial strain. More buying power. More spending. More demand. More jobs.

Charity doesn't do this so it's 100% irrelevant. Not a cop out. Learn to think.

>>13180845
>>13180849
Charity doesn't boost the economy the way what I posted above does. Simple.

>>13180849
Wouldn't giving tax cuts to everyone also do the same thing?

>>13180854
>>13180849
Reducing taxes for the poor/middle class would help increase buying power, but increasing taxes for the rich won't be helpful. You'll have even less people willing to reinvest in the economy because they have less capital. Businesses don't pop out of thin air.

>>13180861
If you give EVERYONE a tax cut, you would have to cut funding for government programs.

>>13180885
Oh yeah all those useful government programs

>>13180885
Yeah, I'm on board with that.

>>13180879
>You'll have even less people willing to reinvest in the economy because they have less capital.
That's bullshit.

https://www.reuters.com/article/us-usa-economy-investment/1-5-trillion-u-s-tax-cut-has-no-major-impact-on-business-capex-plans-survey-idUSKCN1PM0B0
Businesses don't create jobs based on the amount of money they have. They create jobs based on DEMAND. Giving them more money won't do anything significant as the data shows.

>>13180889
They are useful. Here's an example.
https://www.google.com/amp/s/www.vox.com/platform/amp/2018/9/12/17850426/census-poverty-income-2017-trump

>>13180904
Who said anything about giving businesses money?

>>13180914
>https://www.google.com/amp/s/www.vox.com/platform/amp/2018/9/12/17850426/census-poverty-income-2017-trump
>linking Vox
>3rd sentence down is
>On the downside: Women still earned about 80 cents for every dollar a man earned
You expect me to take this shite seriously? Giving people money just makes them dependent on government programs. It doesn't lift them out of poverty no more than I lift homeless people out of poverty by letting them live in my garage.

>>13178904

>>13180929
This is whay they said: "but increasing taxes for the rich won't be helpful. You'll have even less people willing to reinvest in the economy because they have less capital. Businesses don't pop out of thin air."

They are implying more taxes for the rich = less businesses

>>13180935
So let's cut the social support and increase poverty. Gotcha.

>>13180945
Not taking is not the same as giving. If you have a chocolate bar and I don't take it from you that's not the same as me giving you a chocolate bar.

>>13180951
You have no clue how welfare works and you unironically link to Vox. You're too Low IQ to post here

>>13180958
Tax cuts are a pseudo way of giving people money, dude. Not hard to understand.

>>13180960
>dur hur I have no argument
Fucking retards.
Again, I get it. You want to increase poverty rates. That's what cutting those social programs would do. Think, retard. That's literally what you want.

>>13180958
Or a better word for psuedo would be "would be sort of"like giving them more money. It's like when something is on sale. You save more money.

You are splitting hairs.

>>13180975
The ironic thing is welfare increases poverty and dependence by incentivizing people to stay within a certain income bracket to maximize assistance.
But you wouldn't know any of that because you're a retarded brainlet socialist. Kys

>>13180904
That doesn't change the fact that you can't reinvest in the economy or start a company without a large amount of capital. You'll just end up with a huge demand but not enough supply. How can you even create jobs if you can't expand your company?

>>13180914
Why not just cut pork spending? Gov't inefficiency shouldn't be subsidized by taxpayers.

>>13180969
I understand your viewpoint. It's just retarded. The conclusion of your position is essentially that the government owns everything and gives portions back to the people. Instead of the people owning their own property.

>>13180992
If we cut them, it will cause more to be in poverty, you damn idiot.
They won't magically obtain a better financial spot without them, you fucking brainlet.
https://www.google.com/amp/s/amp.theatlantic.com/amp/article/555119/
"Most notably, a 2015 meta-study of cash programs in poor countries found “no systematic evidence that cash transfer programs discourage work” in seven different countries: Mexico, Nicaragua, Honduras, the Philippines, Indonesia, or Morocco. Other studies of cash-grant experiments in Uganda and Nigeria have found that such programs can increase working hours and earnings, particularly when the beneficiaries are required to attend classes that teach specific trades or general business skills."

https://en.m.wikipedia.org/wiki/Welfare%27s_effect_on_poverty#Poverty_reduction

"Studies have shown that in welfare states, poverty decreases after countries adopt welfare programs.[2] Empirical evidence suggests that taxes and transfers considerably reduce poverty in most countries whose welfare states commonly constitute at least a fifth of GDP."

>>13180994
>that you can't reinvest in the economy or start a company without a large amount of capital.
What are you talking about? The marginal tax rate (say 70% for anything over 1 mil) would literally not affect people barely starting out. Wtf?

>Gov't inefficiency shouldn't be subsidized by taxpayers.
So let those with shit jobs because employers don't want to pay more to become homeless/enter poverty.
Genius.

>>13180781
yep, scrolled down until your post and sure enough, all the mongs ITT are arguing while unaware of that, and your post gets no (You)s
this is why they've already won. the dumbing down of society is complete, even on supposed contrarian places people unironically lap up whatever the media prints

>>13180998
So you are basically an anarchist that doesn't believe anyone should pay taxes.

>>13180998
And you call my views retarded when you're an anarchist.... are you serious? Really? Heh

>>13181030
Hardly, I just refuse to accept the presupposition that the government owns the entirety of my paycheck and then gives back what it thinks I deserve. It's the other way around.

>>13178904
at least everyone will stand in same line while 26 families are the only except from the life of slavery and despair.

>>13181061
Government taxes money and invests in stuff like maintaining and building roads, police, social programs, etc.
You said "government owns everything and gives portions back to the people. ". The fuck is wrong with that?

I get it... republicans are sociopaths by nature so they don't care about those struggling. I mean sure, if you want a shitty society where not all jobs pay a livable wage and if you don't get lucky enoigh to find a decent job with decent job security, then you deserve to die. That's the republican way.
What's funny is that most people here probably aren't rich and would benefit from what I've stated, yet would rather shoot themselves on the foot.
You guys love economic inequality.

A society where you are at the constant mercy of an all powerful employer and can get laid off for nearly anything (most states are at-will employment) and then be on the streets is a sign of a failure.
You aren't capable of seeing that.

>>13181030
>So you are basically an anarchist that doesn't believe anyone should pay taxes.
Literal tard!
Fuck i bet you think your smart, ffs!
Go look up 'The Grace Commission'

Fucking NPC

>>13181061
FYI if you use Debt notes, you don' 'OWN' anything!! that is not your 'money' its a instrument of debt BTW. How can you pay a debt with a debt?

>>13180781
>>13181026
The penance bit is a lil retarded but the rest of fine.
Why care it got no (You)s? The problem of wealth inequality is the same, it's just more concentrated to jews/one family than what's portrayed.
A wealth tax would help solve the problem although I doubt (they) would let it happen, at least not without a few sturdy loopholes. There's still plenty of opportunity to hide wealth in collectibles/art/private businesses.

>>13181108
You're argument was "ur tarded LOOL". No really... that was it. No context. Nothing to explain why I was wrong. That level of down syndrome though.

And no, you tell me what your point is. Don't just say "google it!"

>>13181107
>The report said that one-third of all income taxes are consumed by waste and inefficiency in the federal government, and another one-third escapes collection owing to the underground economy. "With two thirds of everyone's personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the federal debt and by federal government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services [that] taxpayers expect from their government."
From 'the grace commission' faggot!

>>13179008
It unironically would act as a catalyst for an immense boom period.

Do you know how much $368 USD would be worth to a rural farmer in India? What about the babies share which then goes in to say a high interest account, or even just to the parents.

$368 is life changing for most people. Maybe not you, but for many it'd bring them out of poverty.

>>13181107
You're afraid of an all powerful employer and yet you admit you want a government that owns and controls everything. Have you spent more than 5 minutes actually thinking through your own position?

>>13181116
>. No context
I told you to look up 'The grace commission'!
FFS you must be a mutt! only they have such shit reading comprehension!

>>13181022
>What are you talking about? The marginal tax rate (say 70% for anything over 1 mil) would literally not affect people barely starting out. Wtf?
Did you read my other posts? How can you expand your company if you tax 70% over 1 million? Where does the money to hire more workers come from?

>So let those with shit jobs because employers don't want to pay more to become homeless/enter poverty.
Genius.
I'm not talking about specific programs. Do you even know what pork bills are?

>>13181121
My point still stands, absolute retard. So what is your point? You didn't actually make one. Do you not want anyone to get taxed then? The fuck is your point, dumbass?

>>13181123
Have you, idiot?
Government = aids those that are struggling

Businesses on the other hand won't aid you as they don't care.

Care to use your brain next time? Probably not

>>13181138
>My point still stands
No it doesn't! Go and fucking READ!
Fuck, your cognitive dissidence wont let you read it!

Your are NPCing things you have never looked into!

>>13181143
It's not McDonalds bombing the middle east and hurting people that have done nothing to me.

>>13181137
>Did you read my other posts? How can you expand your company if you tax 70% over 1 million? Where does the money to hire more workers come from?

They'll still have money after the 1 mil, doofus. They don't get taxed 100% after the mil. Worst case scenario, they won't be able to expand as much.
Again, as shown by the above stat, the tax cut didn't magically make them create more jobs since again, they didn't have the demand for it. They had wnough money for expansion, but no demand.

>I'm not talking about specific programs. Do you even know what pork bills are?
Nope. Thought you were using a slang against poor people. I also googled it and the closest I found was a "pork barrel". Is that what you meant?

>>13181143
>Government = aids those that are struggling

Not exactly true. The gov't aids people that meet specific criteria. You may be struggling but if you don't meet their requirements for their programs, then they won't help you.

>Businesses on the other hand won't aid you as they don't care.

Some businesses engage in charity in areas that the gov't don't even bother to put money in.

>>13180854
Cite sources

>>13181175
did you read the 3 sentences?
>>13181121
The tax pays the INTEREST ONLY! NEVER THE PRINCIPAL!
AKA ITS IMPOSSIBLE TO PAY (((EVER)))

>>13181152
Answer the fucking question. What was your point? All you did was point out how "In other words, all individual income tax revenues are gone before one nickel is spent on the services [that] taxpayers expect from their government."

2/3rds are wasted/not collected while the remaining 1/3rd is absorbed by the debt.

So.. what. You think the tax on individual income should not be a thing then? What is yoir point?

>>13181161
Again. Gov still aids those struggling. Don't try to dodge that.

>>13181175
>They'll still have money after the 1 mil, doofus. They don't get taxed 100% after the mil. Worst case scenario, they won't be able to expand as much.

But that's still a huge limitation. You still haven't answered my question: how are you going expand your company to meet the increased demand? You can't create jobs/products/services without capital. It doesn't matter how high the demand is.

>Again, as shown by the above stat, the tax cut didn't magically make them create more jobs since again, they didn't have the demand for it. They had wnough money for expansion, but no demand.

The economy is slowing down right now, which makes sense why don't want to reinvest.

> Is that what you meant?
Yes.

>>13181178
>Not exactly true. The gov't aids people that meet specific criteria. You may be struggling but if you don't meet their requirements for their programs, then they won't help you.
Splitting hairs. It helped 44mil stay out of poverty in 2017. My point still stands.

>Some businesses engage in charity in areas that the gov't don't even bother to put money in.
Social programs > charity

>>13181218
It harms much more than it can ever help.

>>13181211
My point is you can NEVER pay the pay the principal! the debt just keeps GROWING!
IT WILL NEVER BE PAID OFF EVER!

Also retard, How can you pay a debt with a debt?
Do you know what a promissory note is?
Also i would say read the below but FUCK i think your to dumb to EVER understand it! & NO I won't spoon feed it you, you fuckin RETARD!
https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy

>>13181137
>Did you read my other posts? How can you expand your company if you tax 70% over 1 million? Where does the money to hire more workers come from?
They're spending money to expand the company so that money isn't taxed because it's not profit, it's an expense.
This would just further incentivize companies to spend their revenue on expanding instead of hoarding wealth.
>>13181228
>You still haven't answered my question: how are you going expand your company to meet the increased demand? You can't create jobs/products/services without capital. It doesn't matter how high the demand is.
What are loans?

like if you're reading this in 2019!

>>13178889
Do these people understand net worth vs income? It's not like Jeff Bezos has 100 billion dollars in his bank account.

>>13181138
His point is that the taxes acquired by the IRS are wasted totally by the Government, you stupid nigger.

>>13181186

https://www.thebalance.com/consumer-spending-definition-and-determinants-3305917

"The economy benefits when most of the gain goes toward low-income families. They must spend a more significant share of each dollar on necessities until they reach a living wage. The economy doesn't benefit as much when increases go toward high-income earners. They are more likely to save or invest additions to income instead of spending."

More disposable income = more Spending = more demand

"As income increases so does demand. If manufacturers ramp up to meet demand, they create jobs. Workers' wages rise, creating more spending. It's a virtuous cycle leading to ongoing economic expansion."

>>13181248
>What are loans?
Kike shit

>>13181246
So you don't want individual income tax. Okay, FAGGOT DUMB BITCH, what's your solution then?

>>13181115
of course not, it's not the same. one family controlling so much of the world's wealth over centuries is radically different than any number of individuals being wealthy through businesses generating some sort of value for the world. why are you even on a business board if you don't see that? the prime tenet of capitalism is fruitful competition. there's no competition when a cartel stands united on top and has done so for the last 400 years. it means peaceful resolution to the problem is impossible, and suggestions like wealth tax are laughable because they would never let you tax their wealth. instead, it's an anti-competitive measure to further entrench their dominant position
then you get this thread, 180 posts of retards arguing about their 90iq republican/democrat worldviews while ignoring the real problem. the net result is not merely ignorance, it's actually worsening the problem as so much effort is wasted on the wrong causes

>>13181302
> value
> competition
Being this goy and bluepilled...

>>13181277
I already addressed that, you stupid cock sucker >>13181211

>>13181297
>what's your solution then?
To end privately controlled debt based Fiat!
Or even better just get rid of monEYE all together!

Let me ask you a question! Think about his one, PLEASE! IF someone/something came along & paid ALL the debt what would happen to 'Money' aka FRNs aka Fiat?

Keep projecting those insults! Retard!

>>13181317
Yea but you failed to understand!
you stupid cock sucking ZOOMER

>>13180781
>>13181302
If you want to whine about (((Da joos))) go back to /pol/ and leave the rest of us alone.

>>13181332
>failed to understand even though I gave a perfect summary of the greentext
Kys

>>13181342
Fuck, you are to dumb to understand THREE sentences!
You serve NO VALUE please FFS do the world a favour & stop projecting!

>>13179293
you are so fucking stupid. pathetic.

>>13178889
It's going to start trickling down any day now anon

>>13178936
You are not right wing. You are just a boot licking cuck. Dont lump me an actual right winger who doesnt import foreigners for some cash. You retards used the disguise of the right wing long enough its time for us to cull you degenerates

>>13179756
>too stupid
>thinks causing millionaires to flee the country and renounce citizenship will fix country
>doesn't know thatthe low IQ immigrants sucking up welfare and oumping out low IQ fatherless babies is what ruined the country
>is from reddit
>is a communist
>who cares if communism is responsible for more murders and deaths than any other political system in modern times
>that wasn't real communism
>if i was dictator it would be better

>>13181321
How do you expect the u.s. to function without borrowing money?

I can't imagine it https://www.economicshelp.org/blog/5481/economics/why-does-the-government-borrow/
U.s. borrows money for everything. It's basically a debt based economy. I don't understand how it can work without burrowing.

https://www.thebalance.com/the-u-s-debt-and-how-it-got-so-big-3305778

You're the one claiming you have the answer. Let's hear it. You asked me a question you were supposed to answer. No fiat? So what would we use instead, fag?

>>13181473
>>thinks causing millionaires to flee the country and renounce citizenship will fix country
You assume this will happen. I cited sourves showing it wouldn't. Another guy cited it affected france. I stand by the sources I cited that showed they wouldn't flee the country

>>13179776
i live in norway, this is all true. we have the worst grocery stores in the civilized world and the most expensive prices. shit is so fucking overpriced due to taxation that people smuggle steak over the fucking border and customs gets excited when they catch someone with too much meat or beer in their car at the border that they pose in front of the shit beer or meat like they've just taken down a drug cartel. fucking embarrassing. if you want good stuff you have to import it from amazon, and even with 25% added "valueNOTadded" tax it is still cheaper. without oil this country would be poor as fuck and destitute. we are headed back there, the oil is running out. the annual budget is 10% of the soverign international investment fund and there is no way thatfund will keep the country afloat. we are fucked. the only hope is to deport the welfare migrants (who commit an atrocious # of violent crimes and suck up tax reaources) AND to get rid of these absurd business killing taxes. we are fucked. 2050 and we are toast

>>13179897
you are so ignorant

>>13180506
I laugh at people being proud of belonging to a group of people even though they might be not so great individually or collectively. Such people are a danger because they are easy to manipulate.

>>13178889
What effect does Age of Conan TRULY have on tax politics in the US?!

>>13181519
you have no evidence you stupid dumbfuck

>>13181438
No u (no really though. Fuck your arguments)

>>13181473
>too stupid
You are a dogmatic fuck that just assumes the rich will flee. You're the stupid one, jackass.

>>13181368
I did understand, dumb bitch. The argument that there wouldn't be enough supply to keep up with the demand. Mit and berkeley researcher beg to differ at least in regards to the effect of the economy. They argue it would actually boost the economy if the marginal tax rate went up to 70% (I assume they refer to the current 37% being moved up to 70% but I could be misunderstanding that last part)

>>13181536
I cited them above, you omega retard.

>>13178889
Aim to become ine of those people anon

>>13181527
Shittest argument on this thread and that's saying something.

That comment you refer to is when I mentioned how the nordic countries are the happiest in the world as shown by statistics. How the fuck is that ignorant, ass clown?

>>13181122

There are only three things which can make a poor person exponentially poorer:
>gambling
>drugs
>having kids

Coincidentally all three of those things are where your 368 dollars would go.

>>13181539
*AN MIT and A berkeley researcher

>>13181508
>How do you expect the u.s. to function without borrowing money?
Make its own money perhaps!?!

>I can't imagine it
I know your are TOO FUCKING DUMB!

>So what would we use instead, fag?
Government controlled Fiat would be the best solution for right now!

Let me ask you a question, AGAIN! Think about his one, PLEASE! IF someone/something came along & paid ALL the debt what would happen to 'Money' aka FRNs aka Fiat?

>Mit and berkeley
these guys obviously have ZERO understanding of reality! Much like yourself! All tax is collected solely to pay the INTEREST ONLY!BY DESIGN! Do you know who that interested gets paid to?

>>13181553
i live here assclown. people are reasonably happy bit happiest in the world is some made up bullshit bit it's real because of a fucking 'study'. the happiness you cite is unsustainable because Norway exists ONLY because of an Oil Resource bubble. our budget, infrastructure, medical system, jobs depend on that fucking oil and the oil is running out. we are fucked. the utopia you project is in decline, and fast. the govt is hysterically cutting costs to everything, policing, medicine, hospitals, schools etc. but you know what you're talking about because of a bullshit survey that everyone here rolls their fucking eyes at every year. grow up you stupid little child

>>13181554
>There are only three things which can make a poor person exponentially poorer:
>having kids

Kids are labour in the third world. And you can guilt them into looking after you when you can't work.

They're not the drain they are in the developed world.

>>13181620
>Make its own money perhaps!?!
You mean like print money??? Be more specific. It isn't as simple as you think.

>I know your are TOO FUCKING DUMB!
Says the fucking RETARD that can't provide a solution when YOU are the one that should be answering this question. And you're also calling the economists/financial analysts, etc. that deal with government budgets "fucking dumb". Dunning krugger effect (aka you're a fucking idiot).

>IF someone/something came along & paid ALL the debt what would happen to 'Money' aka FRNs aka Fiat?
And I already fucking told you the u.s. would continue to burrow money. It's how it functions, tard.

>these guys obviously have ZERO understanding of reality! Much like yourself! All tax is collected solely to pay the INTEREST ONLY!BY DESIGN! Do you know who that interested gets paid to?
Sounds like another case of dunning krugger effect. You can't even state a solution and expect me to do it when YOU are the one arguing against the current model. What the fuck..
And yes, I understand what you said before. That all income tax is either wasted or spent on paying off the interest of the federal debt. What I wonder is if this were the case, how the fuck do researchers that spend their whole life still think a marginal tax rate could work if supposedly all that money fron the income tax goes to waste?

>>13181634
My main point still stands. Even if they are fucked because of a lack of oil, that doesn't erase that the reason say norway is up there in the happiest rating is due to the social programs they have.

>>13179279
>These people didn't create their companies
100% lie, downvoted my friend.

Jeff Bezos worked on Amazon for +20years.
He was waging harder than any mcdonkey wage slave ever in his life. Selling books and music on the internet wasnt really considered a "gold mine" in the year 2003.

>>13181657
>You mean like print money??? Be more specific. It isn't as simple as you think.
Get the Gov to print their own instead of 'borrowing' @ interest from a private institution! If a private institution can do it, the gov can do it! Its the first logical step!

>Says the fucking RETARD that can't provide a solution when YOU are the one that should be answering this question. And you're also calling the economists/financial analysts, etc. that deal with government budgets "fucking dumb". Dunning krugger effect (aka you're a fucking idiot).
Wow, just wow!
Fuckin slavie refuses to see his chains

>And I already fucking told you the u.s. would continue to burrow money. It's how it functions, tard.
Ok great, so you understand before they borrowed more there would be no 'Money', right?
The 'Money' is a debt to us, BUT a credit to the bank!


>dunning krugger effect
PROJECTNG!

> You can't even state a solution
Have done!
>>13181620
>Make its own money perhaps!?!
>>13181321
To end privately controlled debt based Fiat!
Or even better just get rid of monEYE all together!

>What I wonder is if this were the case, how the fuck do researchers that spend their whole life still think a marginal tax rate could work if supposedly all that money from the income tax goes to waste?
Cause there dumb & don't read, like yourself! Cognitive Dissonance
Why don't you look into WHY & by WHOM The Grace Commission was set up in the first place!
READ!

Its ok as long as these 26 make sure that total wealth goes up faster than it consolidates

>>13178889
can they pump pepecoin/memetic pls

>>13181766
>Get the Gov to print their own

https://www.pbs.org/newshour/economy/why-does-the-us-government-bor

"New money is wealth created from scratch. New money makes old money worth less. As people rush to get rid of the old money before it loses too much value, those words can fuse into WORTHLESS."

"Now I don’t know about you, but here’s my fear the minute I hear that’s going to happen: that any given dollar would be worth 1/4 of what it had been before the debt-to-currency transformation. In other words, inflation: everything suddenly quadrupled in price."

What causes inflation? A change in the supply of money which is what you want. What the flying fuck..

>>13181122
>Do you know how much $368 USD would be worth to a rural farmer in India?

I do not want to give pajeets free money thanks. Some people should only stay poor and be ruled.

>>13179029
This guy gets it but watch how it gets ignored. Third world shit holes are breeding like there is no tomorrow. Everybody likes complaining about the growing wage gap but no body dares mention that Africa is going to have billions of niggers by 2050 and keep growing.

The rich aren't getting richer per se there are just more and more poor people because people don't stop breeding.

>>13178889
Has anyone been to Monaco? Worth the trip? Is it possible to have a meal for less than 100 euro?

>>13179029
Looks like Seoul

>>13181837
>The rich aren't getting richer per se

>generate a passive income of millions a year
>only manage to spend 30-40% of it
>reinvest the extra money back into passive income
>get even more money next year
>rinse and repeat

This is exactly how and why the rich are getting richer. This isn't rocket science, they save more than they spend and the savings go straight into investments. How badly did you get dropped on your head as a baby?

>>13181857
My IQ is unironically 168 tested by a psychiatrist Anon. You are missed the entire point of that post very badly.

>>13181813
>Links to PBS
fuckin slavie
>A change in the supply of money which is what you want. What the flying fuck..
Wow dude just wow! Dumb Zoomer Mutt confirmed! I am talking about changing Fiat from Private to Gov/public hands! Not once did I bring up Inflation!
Look, don't change the subject to inflation as you don't even understand money creation/tax!
FYI You really don't understand what your talking about! Go look up 'Dirty Float'! Its a Forex term
How do I know you don't know what your talking about? Cause you have failed to demonstrate any intelligence! You just default to NPC state!

To do for you -
-Look up 'Dirty float', just so you have an understanding of how/why inflation is manipulated
-Read the 'creation of money' as told by the people that actually make it >>13181246, I know its a difficult read! But try its only 14 pages!
-Actually spend sometime understanding 'The Grace Commission'

>>13182009
You brought up printing money which would cause inflation, dipshit.
And you're actually whining about me using pbs... holy shit dunning krugger effect to the extreme.

>>13182016
>To do for you -
>-Look up 'Dirty float', just so you have an understanding of how/why inflation is manipulated
>-Read the 'creation of money' as told by the people that actually make it >>13181246 (You), I know its a difficult read! But try its only 14 pages!
>-Actually spend sometime understanding 'The Grace Commission'

>holy shit dunning krugger effect to the extreme.
HOLY SHIT quit projecting!

>>13182009
Look. Again, be more specific.
>>13181766

"Get the Gov to print their own instead of 'borrowing' @ interest from a private institution! If a private institution can do it, the gov can do it! Its the first logical step!"

What SPECIFICALLY should be printed more of if you didn't mean money?

You want to get rid of fiat.. so if not money, what did you mean by "the government could print their own instead"?

>>13182030
>You want to get rid of fiat
Dude, I think you need to up your reading comprehension!
When i say 'gov it print its own 'money', I quite obvious mean Fiat! Do you know the definition of fiat?

Look as I said, go off & read!
I am done talking to a dullard! I have give you all the info you need so you can stop lying to yourself & others, if you chose to educate yourself that would be great! No point in wasting more of my time!

>>13182089
Exactly. You WERE referring to fucking money meaning when you fucking said "the gov should just print their own" you failed to see how printing money leads to inflation.

You said "Not once did I bring up Inflation!" When in fact you DID by suggesting that money should just be printed

You said instead of borrowing money, the u.s. should just print money instead.

I will read it, but what you said about printing money not causing inflation is total bull.

>mfw there are people actually defending this fact, and continue to wonder why the world is so shit

GO BERNIE AND GO YANG.

>>13182102
>what you said about printing money not causing inflation is total bull.
Show me where I made such a stupid comment like 'printing money not causing inflation'!
I didn't say it! You THINK I said it in your TINY mind!

>>13182131
source on pic?

>>13181464
You're the only faggot who used the term "right wing" in this entire thread. Now stop projecting and fuck off.

>>13178889
DONT INSULT YOUR CORPORATE OVERLORD WAGIE, BACK TO WORKING 50 YEARS BEFORE YOU CAN RETIRE

>>13181122
great idea, let's give 4 billion street shitters an excuse to reproduce ten fold, see where that leads us

>>13179008
Just only give it to euros americlaps and some Asians
>1,000,000,000,000,000,000÷1,150,000,000=869565217.39130
That's the population of Europe the USA Japan Singapore and Korea. There is enough room for Canada and a few others

The article fails to mention that all 26 have the last name of Rothschild!

I support wealth confiscation from billionaires to prevent activism desu

>>13182102
>67 posts by this ID

Buy LINK and you can join their ranks. Don't forget to like & subscribe!

Like if you're reading this in April 2019.<div class="like-perk-cnt"><img alt="" width="160" height="160" src="//s.4cdn.org/image/partyhat.gif"></div>

>>13178904
This and fuck the millennials.

Boomers drove up the debt to 22 trillion. Boomers are letting illegals in which drive up the cost of living, drive up the houses prices, drive up taxes, drive up the cost of health care but drive down wages. Then you have millinials, the dumbest fucking generation ever. Boombers literally are selling your future away and you stupid fucks are all on board with it because your boomber professors told you diversity is your stregnth. Fuck you, enjoy your mini house, if you can even afford that you pieces of shit. Or, enjoy your free tent supplied by your communist city state of your choice.

Fucking stick of you winy morons blaming boomers for your problems. They are only securing whats best for them, its you ingrates that are voting for your own destruction. Worst generation ever.

>>13178919
This guy unironically thinks socialism is going to take the 26 wealthiest people's wealth away even though they can just buy their way out of virtually anything.

Fuckin socialists, I swear...

>>13178904
> muh trickle down economics.

>>13181657
You’re fucking savagely based desu.

In all seriousness: how did you become such a Chad? You’re research and logic skills are impeccable. Did you study this in university or get a masters in the subject ? I’m genuinely impressed. Do you research this subject on your free time? Do you work in this area? I’d like to become a Chad just like yourself desu.

>>13178904
>trying to make life not so bad for everyone = communism

I swear, the Red Scare (while somewhat legitimate) was used opportunistically by big business to convince the common man that anything that helps the workers is socialism.

Also, I'm not against people making money, but I am against them making a lot of money via rentseeking and then forming a shadow government to influence nation's because they got bored of fucking 9 year olds. If you have a ton of money, congrats, go enjoy the rest of your life, but stay out of my nation.

>>13183372
Accelerationism is the only hope we have left. Fuck the boomer scum.

>>13179029
Does this annoy anyone else but me that nearly all of these slums have satellite dishes? Indians can't pay for toilets but they can install satellite TV and own smartphones.
Indians getting 4G is a huge problem - the internet only goes downhill from here on out.

>>13179582
>>13179897
The nordic countries are absolute shitholes that tax you 50% on income, more than 30% on capital gains and like 25% vat. They tax you even after you leave.

You get a fine for raping a 12yo girl, get 6 years in jail for murder, but if you dare to evade taxes and get caught, you will sit in jail for a long long time

The weather sucks dick, people are assholes, smug neets and refugees remind you constantly that you are spending over half the year working just to fund them
everything is expensive as fuck. I can guarantee you they are far from the happiest countries in the world.

>t. nordic anon

Depends what you want, most people dont want to do (or have the abillity to do) what is needed to become a billionaire, nobody is handing out yaughts...

If you earn something like £25-35k a year you are in the worlds 1%....


So what do you want from life? How much do you need to cover that lifestyle?

Stop worrying what other people have and start building your income

>>13183978
Where did he say anything about trickle down economics?

>>13179029
I can see my house!

tax the super wealthy to the point where a good education can be received for free, homeless and mental health facilities can operate and place people in the work force, and to where people don't die from gangrene because hospitals and insurance companies are working together to make basic human rights ridiculously expensive. problems solved everyone is happy.

>>13179355
More like creation of wealth through blockchain tech, honestly. Where's the money coming from if it's being transferred?

>>13178904
We can moderate this wealth inequality with some common sense and still have a functioning free market my guy

>>13182530
What a specific list of European and Asian countries lmao

>>13185448
Boomers and normies.

>>13179270
Oh look, its retarded

>>13178889
Will 1 person eventually own literally all of the world's wealth?

>>13179035
>capital flight
lol this is fucking hilarious
are they going to pick up their factories and businesses and move them across the ocean? You think they can move a cattle ranch or a lumber yard or a quarry or a coal mine or a farm?????
LOOOOOOOOOOOOOOL
As soon as those parasites get the fuck out we can actually put those assets to good use. I'd rather they leave now so they don't get a chance to sell American equipment to China and Mexico.

What is wealth anyways? If a top billionaire tried to corner the market or resources it would CRASH.

Their money is just numbers on a piece of paper. They use that enormous sum to start new businesses, investments in other companies, effective philanthropy (e.g. Bill Gates eradication of malaria & vaccines project, education in the 3rd world, Golden Rice).

Yes I am arguing for unironic job creation and stimulus. One dude with $10B can do more than 10,000 dudes with $1 Million each.

Let alone "a one time payment of $400 dollars" which is what would happen if you confiscate all the money from the top 0.001% and gave it to the bottom 50%

kek those 26 people's power is entirely derived from words written on a page that make other people act in certain ways. really makes you think

>>13185432
The problem with doing something like this is that all the wealthy people can just leave and you'll lose 100% of whatever income you were getting from them. When the USSR became a thing and richfags were faced with either surrendering their bags or dying, most of them fled to France. Most of these super rich people could potentially set up shop anywhere to avoid being taxed, all they'd have to do is find a shithole that won't tax them and that alone will keep them happy.

>>13183231
fuckoff

>>13178889
Don't the bottom 2 billion have net 0 or negative assets? With 1$ and no debt I have more than the bottom billions

>>13179011
Why would you work when you're keeping less than half of what you earn?
Why would a world class heart surgeon perform surgery when he's getting less than half the money for the same amount of work. He wouldn't, so the waiting list gets longer, or the price of the surgery gets even higher so that he can get adequately compensated, because the government is taking more than half. Meaning people die on waiting lists or can't afford surgery.
The Rock has a valuable skillset. Why would he star in another movie when he gets 30% of the money for the same amount of work. He wouldn't, so he stays at home, the movie doesn't get made, and all the other people who would have gotten a job if he signed on, the boom mic operator, the extras and so on don't get a job.
Is the point of this to increase revenue, or to punish the rich?
https://www.youtube.com/watch?v=0lxD-
gikpMs
Sweden had high marginal tax rates in the 1970s, and it was the lowest point for the economy.
Reagan tax cuts increased government revenue
The proposed brackets you are talking about not only are uneffective, but immoral.

>>13186160
Why do people have so much trouble with the idea of, no welfare?

>>13179074
All that the government can do in reality is change the tax rate. How much tax revenue that will produce depends on how people react. There have been some times when higher tax rates have produced lower tax revenues, and some other times when lower tax rate have produced higher tax revenues.

In the 1920s, for example, the tax rate on the highest incomes was reduced from 73 percent to 24 percent– and the income tax revenue rose substantially — especially tax revenues received from people in the highest income brackets.

In terms of words on paper, the official tax rate was cut from 73 percent to 24 percent. But in terms of events in the real world, the tax rate actually paid — on staggering sums of money previously hidden in tax shelters rose from zero percent to 24 percent. This produced huge increases in tax revenues received from high-income people, both absolutely and as a percentage of all income taxes collected. That is because 24 percent of something is larger than 73% of nothing.

But none of these facts has made the slightest difference to those who continue to call tax rate reductions “tax cuts for the rich,” even when high-income people end up paying more tax revenue than before. The very possibility that tax rates and tax revenues can move in opposite directions has seldom been mentioned in the media, a crucial error of omission.

In 1990, Congress levied a 10% luxury tax on expensive cars, boats, jewelry and furs, and private planes expecting to “soak the rich” and raise a lot of Tax Revenue. But the Tax Base shrunk so dramatically that “the luxury tax took in $97 million less in their first year than had been projected — for the simple reason that people were buying a lot fewer of these goods,”
https://www.wsj.com/articles/SB1041807729976794664

>>13185432
Is government the best option when it comes to making good education accessible? The track record seems to not show this. It shows the cost rising with nothing to show for it.
As for homeless facilities, these types of policies have been show to fail under government administration

>>13186451
No.

>>13181519
Why don't we look at the track records of countries who increased their taxation
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1268381
>The wealth tax earns the government about $2.6 billion a year but has cost the country more than $125 billion in capital flight since 1998.

>>13186451
To elaborate
Both President John F. Kennedy, who launched the proposal for a "war on poverty" and his successor, Lyndon B. Johnson, who guided the legislation through Congress and then signed it into law, were very explicit as to what the "war on poverty" was intended to accomplish.

Its mission was not simply to prove that spending money on the poor led to some economic benefits to the poor. Nobody ever doubted that. How could they?

What the war on poverty was intended to end was mass dependency on government. President Kennedy said, "We must find ways of returning far more of our dependent people to independence."

The same theme was repeated endlessly by President Johnson. The purpose of the "war on poverty," he said, was to make "taxpayers out of taxeaters." Its slogan was "Give a hand up, not a handout." When Lyndon Johnson signed the landmark legislation into law, he declared: "The days of the dole in our country are numbered."

Now, 50 years and trillions of dollars later, it is painfully clear that there is more dependency than ever.

Ironically, dependency on government to raise people above the poverty line had been going down for years before the "war on poverty" began. The hard facts showed that the number of people who lived below the official poverty line had been declining since 1960, and was only half of what it had been in 1950.

On the more fundamental question of dependency, the facts were even clearer. The proportion of people whose earnings put them below the poverty level — without counting government benefits — declined by about one-third from 1950 to 1965.

All this was happening before the "war on poverty" went into effect — and all these trends reversed after it went into effect.

>>13186564
One has to wonder why you need laptops and tablets to teach anything when the modern world was built with blackboards and pencils. You really have to wonder why theres more than 1 edition of math or English books.

>>13178889
>Is there even a point anymore?
>anymore

There was never a point. (((existence))) is the ultimate Jewish scam and we all got conned into it.

>>13185715
>As soon as those parasites get the fuck out we can actually put those assets to good use.
yes that is working out so well for south africa. p.s. you are a dumbfuck.

>>13185010
all true

>>13181334
Fuck off back to your oven where you belong, kike.

>>13185010
Then become a NEET and stop complaining like a fag

>>13181082
Not true, those 26 families will just be in the goverment, either way the elite exists.

>>13178904
Literally shilling for mega-corps...

>>13186759
>You really have to wonder why theres more than 1 edition of math or English books.
Bernie Sanders detected
https://www.youtube.com/watch?v=fspZiT8TdBE

Made this thread yesterday and it's still up. I believe this is the only 4chan thread I've ever made that got more than 20 replies. Thanks guys :)

>>13179194
Guess who I am?

I’m going to set your house on fire and demand you live in it.

Then I’m going to automatically yell that some bullshit study said you wouldn’t move to another house and that you’re a fucking retard for wanting to live in anything other than a dumpster fire.

I’m you.

>>13179368
Holy shit, it’s almost like moving to another state is easier than moving to another country!

You literal fucking retard. I’m surprised you’re intelligent enough to remember to breathe.

>>13178889
>Are we doomed to a life of wage slavery while 26 people have half the world's money?
>we doomed to a life of wage slavery
>we
Not we. You

>>13178904
>you know as a slave your owner let you sleep in a barn, you should be grateful you slept in a barn some slaves don't even get a barn to sleep in!

>>13182102
>67 posts by this id
seething commie

>>13179303
May I have a picture of the view from your home?

>>13178889
With the fractional banking system we have. That wealth isn't realized. It's just current market price. If every single 26 billionaires start selling their assets, they won't even be selling it for half their value.

>>13189616
Unironically like this minus the farm

>>13189952
You are the only person in this entire thread that has even a basic understanding of how the economy works. I usually get so mad at these dumb faggots arguing despite neither side having any idea how the economy works, that I don't even bother to try to tell them the truth.

>>13190615
Also the idea that the billionaires are somehow stealing from the poor. As if the economy has a fixed amount of money that the billionaires all stole

>>13179029
American suburbs will end up like this in 20 years.

>>13179582
>t. SEETHING socialistfag

>>13178889
Fuck off Bernie. You made this thread 3 times now