I don’t even know why people despise billionaires. They didn’t take anything from anyone. You willingly gave them money in exchange for a valuable service, such as anything to your door within a day or a cool electric vehicle. They paid their workers the prevailing market wage. If they paid more, they’d get undercut by competitors. Most of their assets are within the companies they own, so they’d either need to take out a large loan or liquidate ownership over time in companies they own to pay a wealth tax. We could take the dollar of every single billionaire in the U.S. and it would only close our nation’s deficit for 1.5 years.
I genuinely believe it all comes down to envy. That, and the misplaced notion that we could punitively tax them without any second-order effects to pay for some kind of utopia.
No nation has ever taxed itself into prosperity. The only things that provide a nation with success are the rule of law, courts, property rights, and a free market. Everything else is a Big Rock Candy Mountain fantasy.
They also seethe when they hear a Billionaire paid no income tax or something similar when the Billionaire paid more in just Sales tax and had greater impacts in donations and other rippling effects of their money movements in 1 year than any poor person will in their entire life time.
>>60904861
People genuinely believe we could tax them more and then somehow live in a utopia. That everything around us that is bad is the result of someone being more successful. It’s just the most diseased way of thinking.
That, and most people effectively pay zero income taxes and get a refund in April. Idiots have no idea that our tax system is already progressive. The top 20 percent of Americans paid 85 percent of income taxes according to the nonpartisan Congressional Budget Office in 2021. They act like there’s always more juice to squeeze.
>>60904926 >people usually are vested in the company automatically with free shares >can typically buy shares at a discount >”noooo dude we need to just… give them more shares!”
Go back to reddlt
>>60904708 >They paid their workers the prevailing market wage. If they paid more, they’d get undercut by competitors
wrong, the gap between ceo salaries and workers has been growing since the 60's. and the nonsense where they can just gift themselves shares then take loans out on the shares to avoid being taxed is total nonsense
>>60905190
Yeah, because it takes a lot more skill to be a CEO and make the daily decisions that move trillions of dollars in the market cap than it is to sort boxes. Also, pay attention to how much workers actually get in terms of the pie getting bigger than what slice.
>>60905574
That would be nice, but then they’ll get undercut by competitors. Keep it in mind a lot of businesses aren’t making wide profit margins. We’re sometimes talking one or two percent. Labor can eat a lot of that.
Also keep in mind that at any time, you can improve your circumstances, gain new skills, etc. Nobody is coerced into working at a job they dislike.
>>60905574
Why? How does that even work? Where would the extra profits go? Do you think that spreading the extra profits around every single McDonalds employee would increase their wage by anything significant?
>>60904569
Whats funny is they always had that option but when given the choice most people choose straight up cash (and very little at that) because they don't want to take the risk.
>>60905646
Don’t flatter yourself, you’re not worth being swayed at all but someone who would use time and money to post AI comments on a shota website with a shitcoin discussion section. You either want higher wages (which would cut profits) or some weird shit where the CEO isn’t paid at a market rate. Do you have any idea how much a good CEO is worth? Chipotle had a killer CEO, who got poached by Starbucks and their stock went up 25 percent.
>>60904569 >>60904569
Walmart literally gives their "associates" the option to get 300 dollars worth of their stock every year but they'd rather just humiliate themselves instead.
>>60905667
The Democrats took advantage of the inflation in 2022 and named a climate bill the “Inflation Reduction Act”. It was set to spend about $1.5 trillion in uncapped green energy tax credits meant to benefit their corporate donors… but these libtards genuinely believe $330b can solve “climate change”. Okay.
>>60905748
I sure do wish I could buy some shares at a 30 percent discount. Are you this dumb? It’s like free money. I bet you don’t get the 401(k) match either. Hell, I don’t even think you have a 401(k) and you’re underage b&.
