Believe what you want to believe, I don't really care.
Chriskmee
joined 2 years ago
They do actually, the problem is that when people talk about their tax rate they compare it to wealth, not income, and that isn't how income tax works.
What is so bad about investing money back into yourself, it's exactly what non profits are built around doing.
What is their fair share? Your rant to take away all their profits even if they make none? Stop job growth in the company by not allowing them to invest in new products or ideas?
Why should owners be forced to sell their business just because it's successful? Why should we punish success? Stock isn't just some made up currency, it's literally proof of ownership in a company, it's voting power, it's not someone we should be forcing owners to give up.
And what are those right circumstances? What would stop me playing video games and relaxing all day?
Keep projecting your desires, let me know when you can start to taste it.
Everybody is free to leave and free to find new jobs, im not sure where you get the idea that isn't the case.
Also how is it stealing value to pay less than the profits made? You realize a company has to make profits to survive, right?
How is the US arguably the most successful country on the planet if stuff is really as bad as you say it is? The US is far from perfect, but it's impossible to deny it's one of the best places to be and people risk everything trying to get in wanting a better life.
What does that social contact say, that you must give you everything if you are too successful?
And yes, I have never heard of Ayn Rand, no idea who they are or what they do. I only know now that she is a writer who died before I was born because I just googled it.
Retirement is based on stocks, it's how it is and has been for pensions and 401k plans since forever.
I never said wealth hoarding is bad for the economy, learn to read.
Are you not proposing taxing billionaires billions in taxes until they are no longer billionaires? That's what everyone else seems to be suggesting. If they took out billion dollar loans to pay this tax, their wealth would be the same or more every year and they would pay billions more next year. It doesn't take long for there to be no more loans available because all the owned stock is held as collateral for these billions in tax loans they took out.
Oh, thanks for singling out one form of stock ownership while harshly taxing another. Not all middle class "retirement" accounts are under that retirement umbrella though. Since there are a lot of restrictions in those many will have regular stock holdings that would be taxed under your plans.
Financial and real assets are different. We don't tax financial assets as property, and only some real property gets a property tax.
You really don't see how your ideas won't work, do you?
How can you talk about improving society and in the same sentence day we should punish them for trying to leave? Is that what we should do, punish people for moving their business elsewhere? Maybe ban their business from the country so nobody benefits?
You are promoting a more hostile and authoritarian country under the guise of "better for everyone", it's insane.
It would be worthless if half the ideas in this thread were enacted. Luckily they won't be and tons of middle class people will be able to retire thanks to the stock market.