Comments
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@SteveTheAlpaca, I think you mean countries. And that’s false. The only western European countries with higher billionaires per capita than the US are Monaco and Switzerland. That would be because they are well known tax havens that billionaires move to, not because they can make their way through more stringent tax systems like you are insinuating. Where did you even get that data?
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I watched a video today for school. "Businesses exist for a single purpose... to make money." The tax breaks for billionaires exist because the government understands that if they aren't making a certain percentage they won't participate in the market and invest in less risky ventures that don't create jobs.
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@Harvester, isn’t the point of capitalism that businesses that can’t pay their workers and pay taxes shouldn’t exist? That’s the free market working as intended. If you want to see what tax breaks for businesses lead to, look at what happened during the pandemic. Jobs were lost, executive wealth went up. They exist to make money, like you said. I don’t want my tax dollars subsidizing them making money.
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@Harvester, that's essentially trickle down economics and has been proven to not work. It's was popularized by milton freidman in the 80s and is one of the major reasons for our wealth disparity and why the middle class is disappearing. Super dumb idea. It's like believing that if I give you $5million but you only need $1million you'll pay it forward and benefit the economy by putting in $4million rather than saving it which removes it from the cash flow also investments such as purchasing new factories or other firms providing new jobs isnt realistic because if you are acting as if money is key you #1 are probably using a tax shelter such as Ireland where facebook and amazon have holding companies. #2 if money is the most important thing you probably pay workers the bare minimum so sure you gave a guy a demanding job where they work too much and get paid too little while you take in more excess because the goal is for you to make money.
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@Harvester, oh and look up the tax rate on the uber wealthy during the golden age of economics in the US. The wealthiest payed 91% tax rate whereas today they pay 43.4% at most. The issue was rich people didnt like this despite the health of the economy so they basically payed to have the policy changed.
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@SteveTheAlpaca, businesses in tiny towns that are forced to pay insane wages, for their market, is NOT free market. That’s the opposite. I’m constantly amazed at how bad you are at basic economics. I shouldn’t be tho, you have proven an inability to understand even the simplest concepts... why am I still surprised? That’s on me I guess.
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@big freedom, of course government is bought and paid for. Maybe if we oh I don’t know, regulated that it wouldn’t be a problem. Guess which party vehemently opposes campaign reform. And taxing the rich. Or doing a thing about the environment. Or denouncing white supremacists. And if you looked at who billionaires donate to it’s almost strictly Republicans. But go on believe whatever you were fed like a good boy
Why ima live offgrid in Antarctica, nobodies going to waste time to train and send the IRS up there. oh and i plan to owe exactly $3.50