Thread 514799174

Even by Trickle Down Chicago School supply side logic, taxing the rich to pay down the debt would put more capital in the hands of investors. The whole point of trickle down economics is that we leave more capital in the hands of investors who will further the economy with it. If we tax the wealthy but use it for debt repayment, we’re still giving investors more capital, only this way we actually pay down the debt too. It’s a win win.

Funny enough Milton Friedman even agreed with this in an interview with Peter on Uncommon Knowldge. He said the only reason he opposes it is because if we paid down the debt it would only allow the next administration to run it up again. He said it was purely political why he opposed it.

>>514799174 (OP)
What interview are you citing?

>>514799174 (OP)
once you're dead none of this matters

>>514799317
https://m.youtube.com/shorts/4GKa_2G-jbQ

This one. This isn’t the whole one but if you care I can find it. He references economist Robert Sollow who argued we should pay down the national debt to further encourage investment spending, which he said made a lot of sense, but opposed it on principle and political grounds

>>514799555
I found it before you did.
https://www.youtube.com/watch?v=ZiTVachByhM
Unsurprisingly you were lying by saying that this had anything to do with increasing rates on higher tax brackets.

>>514799796
I never once claimed that was said in the interview.

I said that even Milton Friedman agreed that paying down the debt would be good for the economy long term, since that money would be reinvested.

Clinton’s surplus, which is what spurred the interview in the first place, was financed by a combination of budget cuts and higher taxes on the wealthy

>>514799174 (OP)
Meanwhile consequent administrations did in fact run up the debt again, and maybe if you ban printing money, QE, maturity mismatched banking and rate fixing, maybe then you can think of taxing some billionaire wealth instead of raising income tax and further destroying the middle class. All this investing while assets go to the billionaires means jack shit for the middle class.

>>514799174 (OP)
Top 10% pay 75% of income tax
Really the problem isn’t taxation but globalism and open borders (and usury) that allows wealth to be gobbled up by fewer and fewer people

>>514799174 (OP)
Leftists are fucking retarded.

They literally think Elon Musk gets cut a paycheck for 10 million dollarinos every month.

Want to “tax the rich?” Get rid of tax loopholes like getting paid in stocks. Christ. Income tax does fuck all.

>>514800030
We would need more revenue if we wanted to end QE. If we ended QE without increasing federal inlays we would go bankrupt very quickly. QE is needed because the government is running a deficit, and part of the deficit is the federal governement isn’t collecting enough revenue.

I would actually cut funds to the middle class because they are a massive parasitic entity.

>>514800108
Globalism and open borders is what keeps the poor and middle class afloat. Without it they would crash.

And the comment you made about the 75% is a total non-sequitur

>>514799174 (OP)
Why are democrats obsessed with ginning the government unlimited money?

>>514800122
> They literally think Elon Musk gets cut a paycheck for 10 million dollarinos every month

You’re the only one that thinks that stupid.

> Want to “tax the rich?” Get rid of tax loopholes like getting paid in stocks. Christ. Income tax does fuck all.

A wealth tax doesn’t even affect income at all, it affects wealth

You are exactly why Trump loves the poorly educated. Too stupid to see that you’re stupid

>>514800423
Because we have this thing called a national debt

>>514800339
That's a fancy way of saying the government hasn't been turning a profit since before you or I was born, and we need more cocaine to keep the party going. We probably both have some intimidation of the absolute nuclear meltdown that would occur if the printing press was destroyed, but what do you think the alternative is? Either the federal government buys up all the """assets""" at current market price or the house of cards/musical chairs has to come tumbling down. Also >>514800384 globalism has fucking decimated the middle class, and all your hated "flyover" states. Your cities are hollowed out husks and your rural communities are destroyed.

>>514800384
Globalism and open borders actually destroyed the poor and middle class. 50 years ago before globalism and open borders the average middle class person could afford a house.

>>514800503
You mean the thing the government created?

>>514799174 (OP)
don't they already do that?

>>514799174 (OP)
If someone proposed a levy strictly for the purpose of paying down the national debt nobody would be against it ideologically. The issue is that we have played this game before. They don't use our tax dollars responsibly, they burn those dollars on absolute horseshit. Both sides.

To Milton's point, if you did have an administration pay off the debt, the next one would run it straight back to the moon unless we have a constitutional amendment that prevents Federal debt spending.

The reason we can't tax the rich is because we aren't the world. The rich would just move and take their capital with them to whomever has the best offer. See British citizens in the 70s.

>>514799174 (OP)
The best thing for economy is national socialism. End of fkn debate, kill yourself you stupid retard nigger

End fkn retard kike slide thread fuck this gay ass board.

>>514800566
There is no way that 5% of the national budget is spent on migrants.

Why does the government need our money to begin with?

>>514800030
The only reason I would say it's appropriate to "tax the rich" is as a preventative measure to keep people from hoarding vast amounts of company profits for themselves. If you tax someone 100% after they've made $1-5 million dollars it could force them to redistribute the profits to the workers or risk losing it all to the government. In reality I don't want the government to have a dime, but if you could successfully use the power of the government to force profits back into the hands of the workers I say do it. Fuck these elite cunts taking everything for themselves and leaving us scraps.

>>514799174 (OP)
commie fagot

>>514801043
Your instinct might be good but your theory is completely retarded. You sound like one of those people who just can't even with company owners and joint-stock operations. What you want to prevent is for WEALTH to be hoarded by the rich, because then the only thing they can do with that wealth is buying up more random assets away from the middle class. There is no problem at all with a massive fucking company turning massive amounts of profits. Is it possible for a leftist to get the seething "you don't need more than a coupla million" retardation out of their heads? Maybe get them to crack open an essay on National Socialism and learn something about why both neoliberal ""capitalism"" and communism are fucking evil? No but a girl can dream.

>>514800518
Globalism is why you’re rich enough to eat. Autarky doesn’t work.

The solution is massive federal budget cuts, massive tax hikes, balancing the budget and running a surplus, and slowly paying off the debt

>>514799174 (OP)
Income tax is stupid. It’s a tax on the middle and lower class.
The upper class doesn’t fucking earn and “income”. They have assets, capital, that appreciates in value. And they will happily tax their wagies because they know the politicians that they all own will funnel the wagie money right back into their own businesses raising the value of their capital further.

>>514800961
It is.

>>514799174 (OP)
no sweaty, that would be gassing the kikes. thanks for playing chud

>>514800566
That was a total non-sequitur. So globalism and open borders are bad because something something happened 50 years ago.

I’m talking 2025 not 1975

>>514801333
>Globalism is why you’re rich enough to eat
You're incredibly stupid. People in the 70s could afford better food than today.

>>514799174 (OP)
Lol so we have to pay taxes on taxes?

>>514800849
> The rich would just move and take their capital with them to whomever has the best offer. See British citizens in the 70s

This is a myth. Look at Russia in 1918. They very successfully taxed their rich 100% via wealth confiscation.

If they can tax their rich at 100%, we can definitely tax ours at 40%

>>514801333
>Globalism is why you’re rich enough to eat.
Of course, your reasoning for this is some massively popular new-age theory of economics, and not the manifestly destructive effects of globalist policies since ww2, right? Ah well, at least our economies are in good, capable, expert hands.
>massive federal budget cuts, massive tax hikes, balancing the budget and running a surplus, and slowly paying off the debt
You said the same thing four times, though I admit it makes for a nice soundbite. Tax hikes you say? That better be on the extremely high end of the spectrum or you will decimate the middle class even more. Which is what you want of course, oh poor poor negroes. But know that people will fight you, and you'll get to call them "uneducated nazis" or some such. Won't that be great.

>>514801233
>national socialism

Open a history book and learn something, you just described nazism

>>514801436
The middle class is struggling more today than decades ago which destroys your argument.

>>514801578
L M A O who's gonna tell the memeflag lads.

>>514801483
Holy fuck you’re a moron. We live in 2025 not 1975.

“I love the poorly educated” - Donald Trump

>>514801624
You think the middle class is doing great today?
Holy shit you really are poorly educated.

>>514801361
1) nobody said the word income tax once

2) the rich absolurely do earn an income

3) people who earn money via assets are already fucked by our system and fucked by the politicians who loot their assets to give to the middle class

rich "wealth" is not scrooge vault it is invested or part of the economy, and it assumed they can invest better then gov. this is the theory

>>514799174 (OP)
Tax them jews!

>>514801333
America was effectively an autarky in 1970 when only 5% of GDP came from trade. Autarky can work.

>>514801582
That literally proves my argument but ok

>>514801691
The middle class has seen a massive drop in real wages in the past 50 years moron.

You’re as uneducated as they get. Literal white trash tier

>>514801693
1) no one told you life was gonna be this way

2) Your job's a joke, you're broke, your love life's D.O.A.

3) It's like you're always stuck in second gear, when it hasn't been your day, your week, your month, or even your year, but

>>514801545
Yes because nationalism works so well, I’m sure Congo is doing wonderfully

wont work
you can only move forward.
only option is to turn america into central planned economy
nationalize healthcare and health insurence
nationalize real estate and housing
nationalize tech industry
make all corporations property of us government.

>>514802098
More globalism today that is making the middle class struggle debunks your argument.
>>514802135
Yes, because of globalism and open borders.

>>514802163
You are the elite you claim to hate. You are the scum who ruins society

>>514802172
Way to dodge everything. Nationalism was the default mode of operation before America conquered the world, and after the old empires fell apart. But anyway I see we have given up trying to talk economics and can now proceed to the name-calling. You retarded memeflag nigger, why are you playing tourist here? Go call Trump voters nazis on reddit and twitter and feel good about yourself, you degenerate waste of oxygen.

>>514801963
They would have been richer had they been more open with trade

>>514801807
Yeah, and as I just said, if we taxed it, and paid off the debt, we’d also be putting that capital into investable markets

>>514802202
No, globalism is the only thing upholding the middle class and preventing them from falling into complete abject poverty

>>514802261
Why would I talk economics with someone who only threatens and insults?

>>514799174 (OP)
>Taxing the Rich would Unironically be the Best thing for the Economy
Why so evertyone coud be equally poor?
https://www.youtube.com/watch?v=pdR7WW3XR9c

They tried it in the UK and in the 70s and by 1979 they only had electricity for three days a week. Socialism fails everyone equally too and the vast majority of the poor produce nothing.

>>514799174 (OP)
Lol. Boomers voted to tax social security and now want it gone. Hilarious.

>>514802397
>No, globalism is the only thing upholding the middle class and preventing them from falling into complete abject poverty
No, lowering wages for unlimited Indians and Mexicans doesn't benefit the middle class. You are incredibly stupid and brown.

>>514802397
Because I spent about 4-5 posts making ordinary economic arguments, which you ignored in favor of talking about how globalism is Just Good and "you" know what to do with wealth tax and "we" are just Trump elite retards. Oh well, another day another memeflag.

>>514802202
im confused.
becuase from my understanding "globalism" is just letting the ceos do whatever the fuck they want

>>514802400
Completely false. America and Norway are proof it works

>>514800108
Oh wow. So they could get a tax hike of like 33% (basically nothing at that level, it could have no impact on their day to day lives), and this would be enough to allow the other 90% to pay no taxes whatsoever?

>>514802475
Boosting GDP, and skyrocketing real wages absolurely helps the working and middle class.

You are as dumb as you are uneducated

>>514802527
Globalism is importing the globe into your country that lowers wages. See: millions of Indians and Mexicans in the past 10 years.
>>514802639
Boosting gdp to support millions of Indians and Mexicans doesn't help the middle class. It drags everyone down.

>>514799391
You have no concern for future generations?

Guys I think he's getting ready to drop the R-bomb pretty soon. We better stop talking about immigration or he'll snap. Or she, considering the simple repeating of talking points without showing the theoretical underpinning of them. Turns out massive GDP increases and globalism help the middle class! Even though the middle class is doing worse than ever!
Iatrogeny anyone?

>>514802532
Wealthy Amerivcans pay very little tax relatively and Norway floats on an abundance of natural resources. You are harping on the failed matras of socialism. The rich pooer and the poor poorer is your road, the only people better off a handful of top end civil sevents becaus THAT is where your tax increases will go.

>>514802777
Leftists kill their children with abortion. They don't care about future generations.

>>514802718
but whos asking to lower wages by importing jeets and spics?
seems like its the ceos that want to protect their profit margins.

>>514802906
Globalists like OP who drives down wages while saying stupid shit like wages are up because of globalism.

>>514802777
>You have no concern for future generations?
I have no concern for unwanted economic migrants at the borrom, no, none. Your flag is now an echo of the failure of hindu India due to them and their culture of lying, thieving and not paying any tax at all to begin with . I help my poorer countrymen with my own time and money and don;t need the state taking it to give to people who were not even born here and were never weclome here except as refuge from now ended wars

>>514803002
maybe OP is a ceo?
ceos would never consider lowering their own salary and profits.
they will have the ears of politicians and tell them they need their salaries protected.

>>514803219
CEOs understand the economy at least on a 'street smarts' level, OP is either a girl or a twentysomethinger who knows economic principles by heart, not by understanding. They can't argue with arguments against Globalism because they've never heard them expressed, except for the kosher political accepted counter positions he/she thinks the "right wing" has

>>514803470
i suppose you are right but still their self interest often trumps the rest of the organization.
they only seem to understand economy "street smarts" by looking for exits should shit hit the fan.

>>514803947
CEOs in almost any business understand the realities of labor costs foreign or domestic, and the issues and considerations involving importing material or outsourcing any of their business. Globalism isn't fucking rocket science, the common sense of economists before the globohomo era was perfectly sufficient to handle it. Now we have counterintuitive expertly crafted voodoo that explains why it's actually not destructive but necessary for the middle class even though anybody can see that it's not. Thanks mr. friedman

>>514802849
Paying off the national debt makes everyone richer

>>514802906
Yet CEOs are the ones getting fucked

>>514803002
Globalism boosts wages read a book

>>514803470
The only reason you don’t like globalism is you never went to school, you didn’t even finish highschool so you never heard the arguments for globalism

>>514804062
As I said, pure lack of education. Exhibit A for why we need education.

>>514804289
PhD in mathematics actually, ask me anything if you don't believe me. How about you? Care to dispute the charge that you're transparently a woman?

>>514804253
Globalism lowers wages by increasing competition for jobs. Companies can hire workers from countries with lower labor costs, reducing demand for higher-paid workers in developed countries. Outsourcing and trade agreements also shift jobs to cheaper labor markets, putting downward pressure on wages.

>>514804062
true but they will never consider taking a pay cut themselves.
they are entitled to those profits becuase capitalism deems it so.

if corporations were worker co-ops or prfit sharing maybe they'd be more apt to advocate for the working class. but in the end the only bottom line that matters is their own bank accounts.

>>514799174 (OP)
This is moronic. You have no understanding of the Laffer curve.
FYI Kennedy lowered taxes and IRS receipts doubled after 7 years.

Low tax rates = high growth and higher tax revenue.

>>514804253
how are ceos getting fucked?

>>514804336
>We
No. You are a jew and not part of We The People. What we need is less jews.

>>514804582
CEOs have to worry about not striking a particularly galling image where their pay increases as the company's profits decrease since that is bad for morale, but other than that they are often worth their salary. Contrary to the figurehead role we are so used to seeing, making decisions as a CEO is actually important and the delegations of powers from the board of directors is essential. Capitalism deems them worth a lot of money because their decisions affect the functioning of the company in a major way, at least in a healthy (monarchic) company.

If corporations were worker co-ops they would get absolutely nothing done because democratic decision making is fucking retarded ,which everyone in the corporate world knows. The only somewhat viable alternative is oligarchy combined with terminal bureaucracy, and neither of these can compete with the vigor and clarity of a purely hierarchical command structure. Everything good in this world is created in corporations that run on that model. Blame the financial systems for the fuckery in society, the corporate structure is older than all and will outlive our financial system too.

>>514804448
I actually have heard the arguments against globalism because I used to be a nationalist in my teenage and early 20s. Used to buy into all those wage arguments until I really studied advanced economics and realized Friedman was right the entire time. They have the backing

>>514804564
Lower cost of production means cheaper products, cheaper products means your wage can buy more things, your wage being able to buy more things means it’s a higher real wage.

Having access to open markets means your wage will afford you more things than it would if you were in an enclosed market

>>514804849
Imagine that, if you study 20th century economics you will find they are all correct and damn the empirical evidence! You were not a nationalist, nobody grows up learning about protectionism, mercantilism or their more extreme variants, and nobody grows up learning about Mises and Hayek and whoever the fuck else the modern economists have deemed persona non grata. More likely you were a soft social democrat europe worshiper (i.e. anti-american) that turned neoliberal because that happens to be the fancy midwit position enjoyed by The Economist and redditors alike. Many such cases!

>>514804608
what if we just gave all the richfags a yacht a castle a bugatti and a wardrobe of full of lious vuttin or yves st laurent.
we focus on subsizing the poors.
wouldn;t it be easier and cheaper to just subsidie all the luxury good of the ultra wealthy. their already a cloistered "spiritual" class anyways.

the ultra wealthy just want the lifestyle anyways.
just get rid of the money and give them the lifestyle.

>>514804608
>Laffer curve

You’re stupid, only stupid people believe in the laffer curve

>JFK lowered taxes and in 7 years

Yeah, that’s because GDP grew a lot in those 7 years, it would have been higher had he not done that

>>514804641
Taxed to oblivion and have to do increasingly complex work

>>514804824
lets just make the ceos god kings with all their needs tailored to so they dont have to worry about money.

>>514804962
You aren’t a PHD. You need to learn to lie better.

People in Netherlands don’t get PHDs, you are a farm people and the ones who do go through education only get masters and you study and stay in England. You don’t get PHDs and then remainin Netherlands

Unless you consider an undergrad a PHD

>>514799174 (OP)
>on incomes over just $29,750
oh so reagan made most americans richer, gotcha

>>514805129
Of course it would come to credentials, calling people retarded is your bread and butter. Everybody who has an argument isn't just wrong, he's retarded, and you don't have to contend with their arguments because EVERYBODY KNOWS that globalism is great. My PhD is in geometry, specifically hamiltonian dynamics and the chaos in them. Want to try again buttercup?
>>514805107
Nah man CEOs need to be left the hell alone. What we need to worry about is the financial system that they have to play in, the enormous retardation in our banking system and the debt musical chairs.

>>514805060
what else do ceos have to do other than meeting with department heads getting reports and making decisions off of that?
the complexity is all wrapped up in technology.
their complexity is just delegation.
i'd say a ceo is mainly paid to maintain vigilance over their company
they arent performing higher order calculations. thats for the accounting departments.

>>514805288
Well because you lied. Dutch people don’t study phds, you only go up to masters and when you do you remain in England.

But the ones who do study in England don’t study geometry, they study literature or farm related programs.

Try again

>>514805288
ceos on their mishandling their company :
"it wasnt me its the financial system we were born into"
sounds like a reason to revolt and burn down corporate building to collect on fire insurence desu

>>514800122
He does get million dollarinos a month.
Only instead of a card that can only buy bread and American cheese, he gets a card that buys him ketamine.
All of you deserve to die in a slave camp. Amen.

>>514804988
>Not a counter argument
See, this is why nobody listens to you. You dismiss a very well documented, substantiated, and credible economic relationship and throw an insult. That's why you aren't taken seriously.

GDP growth is because of low taxes, not high ones. You literally do not understand cause and effect.

Thank you for demonstrating why your policy is unworkable, but fuck you for wasting everyone's time you moronic socialist wank cunt.
Do us all a favour and kill yourself.

Economics is fake and gay. Arguably the fakest and gayest thing

>>514799174 (OP)
Learn what "public debt" is, most of it comes from the rich. Taxing the rich won't solve anything, when the rich here are already proactively extending credit to the government for the purpose of lower tax rates and lenient regulation. The moment you start taxing the rich more than they believe is worthwhile, they will abandon our government and take their investment with them because there are no laws barring them from doing so. This is partly why China is succeeding in this age of corporations, they don't allow companies to leave their shores without threat of being dissolved and assets seized, in that regard they are ahead of the curve. Both left and right here in the USA will argue that such a thing is anti-free market but it serves the purpose of insulating a nation against foreign influence and plutocracy or corporatocracy.

>>514800384
This is a jeet

>>514801333
Ok this is a kike actually

>>514805400
Are you actually a slow person? I'm starting to feel bad.

>>514805485
If a CEO mishandles a company the consequences can actually be quite dire. I get the impression when you think CEO you think a susan wojcicki bureaucratic exception handler, not a Steve Jobs actual monarch. CEOs in a proper company have proper executive power and are not merely there to take the blame for whatever the bottom rungs fuck up. That's how democratic government works (and NGOs, surprise surprise).

>>514804976
I don't think you understand how it works dude.
In any event a study found that of the wealth creation/commerce that billionaires drive (self made ones specifically) they only "retain" between 1% and 2% of the surplus value added to the economy. So better to let them have a fair go, and they'll buy themselves the nice stuff anyway and you get sales tax on it so its a win.

>>514801436
This is a kike with 100% certainty

>>514805753
Spot on.
Its a jewrat. 100%

>>514804988
>You’re stupid, only stupid people believe in the laffer curve
This is a kike with 100% certainty

>>514805607
GDP UBER ALLES

evola is right. we still havent gotten to what is essential.
i dont think we ever will.

>>514805619
Note this isn't lobbying where donations are given to an individual or entity, this is corporations and investment firms granting credit to the government directly. Shit like this is why the uniparty exists because it benefits both parties no matter what.

>>514805619
Way I see it you can tax the rich but not enough to make them consider leaving.
We're experiencing a rich person exodus in the UK due to labour doing too much, they're trying to tax anything and everything.
Probably get an air tax added soon enough, have to pay for the oxygen we breathe

Why give the incompetent state more money? If they're wasting it on useless shit now, then they're going to waste even more if they have more money to waste.
The biggest issues are various gibs Ponzi schemes like pensions, subsidies and the bloated army of bureaucrats.
You cut all that shit down and do the bare minimum, like defending the borders (the only vaguely legitimate use case for having a state right now), and suddenly you don't need to fleece the people.

>>514804905
>Lower cost of production means cheaper products
The simple fact that food and housing costs and medical treatment, etc are more expensive today completely debunks you.

All you do is repeat NPC talking points. It's really embarrassing.

>>514799174 (OP)
>Investors
That's the problem. There's absolutely ZERO shortage of investment capital. There's so much money looking for a safe harbor to protect itself against inflation and speculate on the market that many of our companies are valued at like 30x earnings.
There's going to be a moment where the market simply can't deliver results for all those investors, and the wisdom of 'investing' as a mechanism to drive the economy will look idiotic.
And when that happens, you'll see investors taking money OUT of the market looking for greener pastures. And those of us (myself included) still stuck holding the bag will see our life's savings turned into dust before our eyes.
And to recover from that drop, well, it'll take the rest of our lives just to get back to even, assuming we even live to see it.
Many of us over 30 will die in the red. Or at least die having our all-time-highs being a value in the distant past. Constantly throwing good money after bad hoping to recoup by retirement.
There's no safe place for money anymore. And given the state of our government, there's nothing you can buy that won't be taxed massively. There's nothing that won't depreciate or constitute a massive tax burden or ownership cost that the average person simply cannot afford.
>Buy property.
We're only one Democrat-run administration away from having our property taxes higher than our mortgages.

We're only a decade away from 'ownership' being demonized completely, and having our land simply taken away "for the greater good" because it's an "unfair advantage that dates back to slavery and Jim Crow".
The currency has been devalued so massively in the last 10 years that we'll be lucky to own our own cars by 2035. And, hell, they might start taxing those into oblivion once they're all worth $100k+ and the average person is locked out of vehicle ownership forever.
We're not due for a 'correction'. We're due for a collapse greater than 1930. And it will take a LIFETIME to recoup.

Op take your memeflag off so we all at least take you seriously

>>514805737
ceos make the rules and develop or sign off on policy.
but again even with your example of steve jobbers. they are very self intersted

>>514799174 (OP)
>hurr, presidents create laws, you guys
>reagan created the tax on social security

No, and you are obviously a far-leftist, which implies you are low-IQ who only knows what you were told and not what you have researched because low-IQ people don't do independent research.

Reagan was burdened with Democrat majority in both the House and Senate. Congress makes laws, my low-IQ, far-left looney friend. The president doesn't have the constitutional authority to make laws.

What solidified the fact that you are a low-IQ far-left loon is that you want to "tax the rich". What makes you think you are entitled to the fruits of another man's labor? Jealousy, and nothing more. You want what other people have and, if you can't have it, you want everyone to be lazy, low-IQ, and poor like you.

You could take 100% of the wealth of every man, woman, and child in the US including the wealthiest 1% to pay down the debt and you would barely make a dent in the national debt but you would have created massive poverty. and the end of all government function.

Instead of paying down the debt, start cutting government programs. Cutting the size of government leaves more money in the hands of the people to decide where best to put that money. But your far-left, low-IQ brain doesn't ever want to consider cutting government but instead you want bigger and more expensive government to control who gets what and when.

so youre saying that self made billionares only take 1-2% of profits?
using all this economy jargon seems easy to hide behind.
all i know is that im hearing that all wealth is being concentrated in the top 1%.
and that ceos would never take a pay cut at the very least they ensure their own standards of living even at the expense of their own workers.

>>514806203
That self-interest can be aligned with customer interest is the magic of all 'free' endeavors. The idea that one can deliver better customer service by pure good will instead of ruthless decision making in the face of uncaring markets is the real prideful evil. Bureaucracies and committee oversight and procedural decisions all fail spectacularly. There is nothing holding ordinary companies back from instating democracy or choosing CEOs based on how well they love their customers, they just don't. All restaurants work on self interest

>>514805607
You are why we mock you as uneducated

You insult me instead of present any argument for why taxing the rich didn’t work and then go on a boomer rant about Kennedy

>>514806103
That literally proves my point. It literally proves that I’m right about every statement in my post

You’re an NPC and don’t understand economics

>>514805899
>corporations and investment firms granting credit to the government directly
so youre saying corporations pay taxes.
becuase i hear the government pays alot of corpos for govt contracts.

>>514799174 (OP)
Ehm, yes this is pretty obvious to normal people

>>514806450
>The idea that one can deliver better customer service by pure good will instead of ruthless decision making in the face of uncaring markets is the real prideful evil.
yeah its totally why corporation outsouce customer service to jeet call centers or ai phone trees.

>>514806774
Ah yes, the "if I were CEO" argument. Go ahead and look for that one socialist company that works properly and is not an utterly zombie propped up by government money. If you find one I'll delete every post on this thread.

>>514806381
You are why Reagan defunded the department of education.

Stupid people like you are what happens when arrogance and lack of education collide

>>514806103
Lowering production costs does, actually, mean cheaper goods.
Houses are spiking because of factors like zoning and other red tape preventing construction, endless money printing, nobody wanting to marry and living alone, mass immigration, bloated labor salaries, etc.
Food and medical costs spiking are 100% government-induced.

>>514806904
all corporations are propped up by government money.

>>514807005
Well we had a good run or something

>>514800384
>accept infinity jeets, niggers, chinks and spics or I will cause a sovereign debt crisis because the GDP stopped growing

>>514799174 (OP)

Agreed....you can take money as taxes only from those who have it...from others it is impossible.

>>514799174 (OP)
Trading signals milk the liquidity pool for impernanent loss. As long as you're in the market actively you're taxing them. This is the modern non-governmental, clever way of wealth redistribution. They don't care either because their balance grows anyways, just unnoticeably less.

>>514805980
>you can tax the rich but not enough to make them consider leaving
We're doing that though, that's why you have to get ahead of the rich one's intent instead. Their intent is to extend government a line of ridiculous credit so they'll keep competing to spend exorbitant sums for their own partisan football game bullshit, government will also reinvest that money back into corporate development through appropriations (scratch my back I scratch yours). So you have to rein-in credit lending for the government but can't do so by taxing the rich, so how? This means regulation of practice rather than direct taxation to curb government sale of treasury securities, to do that you need legislators that will make law to regulate the FED and rich from buying them in the first place. The problem is that all of our politicians are owned by lobbyists, one doesn't get onto a ballot without lobbyist approval here or anywhere else for that matter and to end lobbying will require the populace to be violent because politicians will not fix it civilly.

>>514806564
Of course they do, they pay plenty. On top of that they also compensate government in different ways, like influence peddling and credit lending, the FED does it too. All of it contributes to inflation as well.

>>514805737
>That's how democratic government works
"Democratic" regimes only exist to carry out orders handed to them from above, and not a single politician has been held accountable for their failures.
The CEOs don't take the fall either. Not really, unless you count retiring with a multi-million golden parachute as such.

>>514807374
>The CEOs don't take the fall either.
They will not be financially destroyed if that's what you mean, even in bankruptcy, and neither will the owners of the company. You could say this is not justice, and I certainly agree bankruptcy is too lenient, but if a failing company meant the financial ruin of the CEO and board there would be even less companies. You have to find a balance where something is actually being done. All I'm contesting is the juvenile notion that CEOs are just fat cats that do nothing but ride the wave of the company, this is wrong and is actually more appropriate for owners/board of directors possibly.

>>514807374
Also you're right about democracies, they are the worst form of government in terms of effectiveness because they are the worst form of human organization in general.

>>514807222
The only solution is to drastically cut government power and influence.
Less government power means a smaller attack surface for lobbyists and other hostile groups.

>>514807590
Are there alternatives to democracy?

>>514807805
Nobody wants to hear the answer cause they think we'll end up ground into human paste

Wasn't the whole point of this was for the rich to pay it back but to no one's surprise they never did.

Mass immigration by definition devalues labour because you have more workers that will for the bare minimum pay. It just common sense, you mong.
>muh GDP

Gdp dose not correlate to quality of life at all

>>514807550
CEOs in modern big public companies do nothing but attract investors and look for ways to pump up their stocks because it ultimately affects their bottom line.
Of course owners shouldn't be financially ruined for failed companies, which is why LLCs were set up in the first place.

>>514807805
According to Aristotle, the best is an enlightened monarch, second best is aristocracy (aristos meaning "the best"), with democracy being the third and worst system.
As we've seen countless times, these "best" systems have inevitably shat the bed without fail because most "humans" are glorified monkeys.
With the advent of AI (proper AI and not current LLM bullshit), there might be a chance to create a truly enlightened, objective, impartial ruler.
Another option is a massive evolutionary leap to cull the population of subhumans completely dependent on overbearing government. This would be my preferred option, but unfortunately at this stage it's a pipe dream.

>>514808263
Mass immigration lowers cost of production which raises average productivity which raises rages retard

>>514807674
Impossible without violence unfortunately, shit like this is precisely why our nation specifically enshrined revolution as a right in our constitution and should have guarded against the weaponization of wealth against the populace. The trouble with government and how the justice system operates these days, is that the public cannot witness most of the activity, we have shit like secret grand juries and courts that the public has no access to for ensuring legitimacy. This isn't simple transparency as an issue, the law itself and how it proceeds has become antithetical to justice, breeding distrust among citizens

>>514808286
>CEOs in modern big public companies do nothing but attract investors and look for ways to pump up their stocks because it ultimately affects their bottom line.
This is just false in my view. Whatever, empirical point, non-negotiable. Agree about owners not getting ruined, obviously, but CEOs and other parts of the company definitely take the fall if something is mismanaged. So if CEOs dont execute their plenary authority, where do decisions come from in your view? Procedure? The ether? The board? You'll note the more it favors the latter the more bloated and bureaucratic and ineffective the corporation has become, the polar opposite of an effective startup (or Apple).

>>514808369
Mass migration takes everything from the american worker

Again take your memeflag off china bot

>>514808586
Mass immigration is why the American worker can eat

>>514799174 (OP)
Just tax them as much as we did 20 years ago. It would solve every budget problem with room to do high speed rails and free medical. It is insane how much we have given breaks to the ultra rich.

>>514808532
>The board?
Yes, the board. The board decides who the CEO is and whether he aligns with their plan to pump up their stock prices.
EVERYTHING a big company does is for the benefit of big shareholders.
CEO compensation is purely dependent on share price, so that's their main incentive.

>>514808660
No! Food production is why americans sorker eats. And elites are letting immigrants take those jobs while the american worked is struggling to make a living because we are giving foreigners jobs. The shitskins are going back and their is nothing you can do about it. If faggots like you try and do stop the deportations you will get crushed by the military and police. This is no longer and argument, your liberal empire is done!

>>514808820
Yeah the board chooses the CEO and gives the CEO plenary power, in a healthy company. Your idea of reducing their acts to "pump stock prices" is the same juvenile impression I wanted to argue against. A proper CEO can fire entire divisions and choose what prototype or product to pursue, what marketing strategies to follow, who to hire for any of these positions, etc. A company doesn't run on steam and procedure unless it's a bloated bureaucratic mess. Don't be naive anon, many CEOs make plenty of decisions. Companies don't run themselves by inertia, that's retarded.

currency reform against the cantillon effect
a tight labor market by ending mass immigration and feminism is effective

ops proposal is retarded

Ok liberal. What will stop them from just...leaving? Then who will you tax?

>>514809409
They will be exited taxed if they try to leave. A 20% exit tax is the same as if you stay and pay 20% tax

>>514808492
Having all those guns gives you a higher chance of changing things for the better when something inevitably goes down.
The only place with that opportunity, the rest of the world can just cross their fingers.

>>514808990
>A proper CEO can fire entire divisions and choose what prototype or product to pursue, what marketing strategies to follow, who to hire for any of these positions
In a private company, sure, that's how it works. That's how pic related does it, for example.
When you go public, you can only do that if you have ownership majority. Otherwise you're a slave to the board, and the board ONLY want to pump up their stocks because that is their main objective since that's the only reason they bought said stocks in the first place.
>Companies don't run themselves by inertia
When was the last time the usual big corps had any real innovation? A revolutionary Wangblows OS? A revolutionary iShit product?

>>514808492
The problem is until people can't regularly feed themselves will they not care. What remains of the middle-class will for some odd reason go to bat for the rich. Same reason why trumptards started to cry about the "why are people caring about the epstein list, it doesn't matter!"

>>514809585
Okay but "pumping up the stocks" can mean producing new products and doing that well, it's simply not the case that maximizing stock value or revenue is incompatible with good company management. It's juvenile to think the best and only way to pump stock value is by doing some degenerate greedy shit. Anyway, we've covered the same thing a few times now. I more or less agree that we can use more innovation in big companies, but they still make new shit man. They are just careful about it, partially cause the board prefers not fucking up over a possibly experimental big winfall.

>>514799174 (OP)
minimum wage should be a living wage and if you make more than 10x minimum wage your tax should scale up to 99%

>>514809483

Exit tax is only once. No need to pay for it after. Unsustainable

>>514809726
There is no more room for organic growth, i.e. "producing new products and doing that well".
Hasn't been for a while. The only way to pump up stocks these days is to cut costs and make their goods/services shittier.
You'd have to be blind to ignore the enshittification of everything across the board.

>>514799174 (OP)

I don't have a problem with taxing the rich but it should be a wealth tax, not an income tax and charities should not be excluded

This will encourage them to actually use their money for something useful for once in their worthless existences

>>514809924
I don't disagree with the jeetification of many things, but what are you on about? What kind of technology doesn't come out with new products each year?

>>514809824
Nope, present value of a 20% exit tax is equivilent to a 20% profit tax in perpetuity.

Say Bezos left America and paid 20% of his Amazon shares to the government, they’re government would now collect 20% of Amazons net income

That would be equivilent to if Bezos stayed in America and 20% of his Amazon share profits went to the government

>>514809719
Look up what actually made you a kulak. If you think these bitter last men will stop at "the rich" you are kidding yourself. A middle class suburbanite with a brand new $250k home in a hoa neighoborhood IS "the rich" to someone living in a trailer park or an extended stay motel. A totally average neighborhood looks like elysium to these people. If the commies convince them to revolt they will hate the middle class just as much as the billionaires. More probably because they have to look at your shiny new pickup trucks, pretty homes and manicured lawns every time they touch grass, billionaires live in skyscrapers and remote compounds.

>>514799174 (OP)
Rich people don't make money in a taxable way dipshit. Bezos pays himself 80k.

>>514799174 (OP)

We need to take purchasing power out of the hands of groups and put it into the hands of individuals where it doesn't take 2 years to spend money

>>514799174 (OP)
The UK did the same. It's no coincidence that they enacted this law and allowed mass immigration at the same time.
Now immigrants, legal or not, who are in receipt of benefits qualify for a state pension because they paid tax.

>>514799917

Which there were more of because Al Gore invented the internet

You don't grow the pie by playing shell games

>>514810004
>What kind of technology doesn't come out with new products each year?
I don't know. I only see barely noticeable marginal improvements and diminishing returns everywhere.
What innovations are you talking about?

>>514810037

Just adds a reason for the rest of the world to avoid your country.

Makes success unappealing

Makes those in the country want to sell everything.

Yes again. Unsustainable in the long run. Nobody will want to work hard to be successful when that is the cost of it, for everyone to just leach off your hard earned success and it makes countries avoid business with yours like the plague.

>>514799174 (OP)
>income tax on social security
holy based. FUCK boomers, the tax should be much higher. die already you little parasitic cretins

>>514810063
lol what?

I’m literally all for the rich, I’m pro rich but even I hate suburbanites because I think they’re disgustingly wealthy

I’m a literal financier and I can’t afford a suburban house

>>514810330
Well at least you see changes in the presumably new products, for better or for worse. I kinda feel like leaving this topic here, I think you're underestimating the amount of work and responsibility and decision making your average CEO does, and are too focused on the picture of the susan wojcicki's of the world. Cheers

>>514800122

It's not a loophole
You have to pay tax when you sell the stock

>>514810129
>you can’t tax Amazon shares

And funny enough, you just proved the opposite, Bezos is rich off both salary and capital gains

>>514810063
Well that is the whole reason why the billionaire class along with the millionaire class is trying to dismantle the middle class. If I didn't have a moral compass I would join the champagne socialists and grift the retards.
>$250k home
Now that's unrealistic they're more like high $400k.

>>514810382
None of that is true

>>514810506
$400k is dirt cheap for a house. If you live near a job centre they’re like 2m

>give the government even more money to waste retardedly
nah go fuck yourself communigger

>>514810382
>i dont want to go somewhere i cant freely exploit its people.
fucking good.
richfags live in places like montana and jackson hole becuase of the scenery.
far away from their pollution factories that cause cancers and birth defects.

>>514799174 (OP)
you gave money to sterilize and mutilate children.
could have paid the debt.

>>514810560
If you're trying to live near the city. It would be nice if our govt. didn't sell out to car lobbyists. Trains built this nation running from East to West. But now we're fucked because all the infrastructure is for cars instead of trains.

>>514810746
I live near a city because I work. I agree with the car lobby point

>>514810528

Even if you think that. Your system as far as I see it, doesn't encourage success and hard work.

Your who idea to tax those who make more even heavier just makes it worse.

>>514810671
I’m a richfag and I live in the pollution hole because I need to work lol

>>514810446
Those incremental marginal improvements have a limit unless there's a complete paradigm shift (there won't be one).
You mentioned the board playing it safe, so that's what the CEO does, subsequently.
Look at Disney, for example. Rehashes, remakes, sequels trying to appeal to every single demographic at the same time, and the result is absolute shit.
Of course the CEOs have power, but they exercise that power to enforce the board's will. Firing 9000 Americans and hiring 14000 jeets a la Microsoft is an executive decision, aligning with the bottom line of cutting costs.

>>514810613
>paying off the debt is wasting money

>>514810746
what is the cost of an automobile without legislation?

>>514810454
the bungle is that if we tax stocks it would be unrealized gains and EVERYONE was pissed about that since they all have robinhood coinbase accounts and their pensions are invariably tied to the S&p.

just make the economy mililtarized. every job has a deignation like military e6 type shit.
basic needs are provided and you get a stipend to spend on luxuries based on your "rank".

the only reason why we taxed the shit out of the rich was becuase we needed to fuel the world war machine anyways,
the tax rate on the rich fell under regan becuase the cold war ended.

but now it seems to be kicking back in again with putin and xi's bullshit,

>>514810506
$400k is the median, half of homes cost less than that

>>514810952
how much do board flights in a month?
are you a doctor?
or do you just run a factory.
are you a rich fag or just middle class?

>>514810949
In my country the marginal income tax over 100k is like 40%

People who make 100k still grind to work harder, why?

Because earning an extra $50k in peer tax income, even if it’s only $30k after… is still better than not. It’s still better to earn $130k than $100k

>>514800849

One solution to capital flight and offshoring is to tax international financial transfers

>>514811258
I fly about once or twice a month. I’m an investment analyst and have to go to conference meetings with pension funds and private equity people a lot.

I own factories indirectly via stocks in Proctor & Gamble

>>514799917
>Clinton’s surplus
was an accounting gimmick and you're a gullible retard if you think there was anything like a "clinton surplus"

>>514811073
Everyone would take a hit in their personal accounts but overall it would be better because the country could dig itself out of debt and the economy would
Boom as all this treasury bond capital would have to find itself in the private markets

>>514811507
No it wasn’t retard this is a huge Republican meme

>>514811573
The central bank system is set up in a way that makes it absolutely impossible to dig yourself out of debt.
No matter what you do to pay it back, you'll NEVER be able to do it completely.
At best you'd impoverish everyone to kick the can down the road, just like they're doing right now.
Which currency is the debt in? Who has the ability to create said currency (at interest)? Hmmm...

>>514801578

I wouldn't trust any book not written in German before 1945

>>514812264
That is technically true but a bit misleading.

The federal government can absolutely pay off its debt to the private sector bond holders to ease burden off itself. These private sector bond holders will then turn around and be forced to invest in private sector enterprises to earn interest. This will channel credit directly to the private sector as opposed to what we have now, where the public sector is crowding out the private sector

>>514801624

When the minimum wage was $1.35 and quarters were made out of silver, hamburgers at McDonald's were 10 cents

>>514812476
Oh, yes, they can absolutely pay back the bond holders, but they'd have to conjure up that money (again, at interest) by issuing more bonds and trading them to the central bank for currency, perpetuating the debt spiral.
The end result is infinite inflation.

>>514802397

Globalism can only paper over shitty policy undercutting birth rates for so long

>>514799174 (OP)
You can't tax your way to prosperity....

>>514804062

The problem isn't Milton Friedman so much as Riccardo and Keynes

>>514799174 (OP)
Taxing the rich =/= Trying to tax the rich

The left seems to think that passing a law which raises taxes on rich people... will result in rich people paying more taxes.

But that's just not true. Why don't they get it?

>>514813341
Except it is, that’s how the law works

>>514813277
You can absolutely tax your way into paying off the national debt which allows for prosperity to emerge and puts capital. Into investors hands

>>514812845
No they could use taxes

>>514813433
You're not taking corruption into account. You are too idealistic in this belief. Our taxes are being wasted, the DOGE report is proof....

>>514804253

Globalization draws wages towards a mean and you can't turn rice farmers into ceos and engineers

>>514799174 (OP)
All hedgefunds and black rock subsidiaries assets should be confiscated. 100% tax

>>514813665
Globalization elevates all wages

>>514804962

The Chicago School provides a viable alternative to the Austrian School

Although on paper Chicago is a theory school, I can assure you no one is more based when it comes to matters of economics than commodity traders and Chicago is where the magic happens

>>514810448
>>514811436
>>514813665
Some of your comments are insanely based and others not so much

If you follow the Chicago school as you say you should know globalization, at least from a purely economic standpoint, raises wages for both

>>514813469
Yes, comrade, taking from one group and giving it to another is the way to go.

>>514799174 (OP)
As a Republican I agree, nothing wrong with higher tax rates on the highest brackets, but Middle Class brackets should be reduced.

>>514814544
The one group is already owed the money they’re bond holders

>>514814613
They dont really pay any taxes right now. Progressive income tax really only kicks in on the higher levels

>>514804976

The whole goddamn point of money is choice, Karen

>>514814900
That doesn't mean you can steal money from someone else if you have a debt to pay.

>>514804988

Maybe GDP grew a lot in those 7 years because he did that?

Collectivization doesn't exactly motivate anyone except Napoleon and Squealer

>>514805107

Go on...

>>514801693
Couldn’t be farther from the truth. Assets are the line that keeps going up and bailed out whenever it doesn’t.

Rich people borrow money and live on that cash because borrowing isn’t considered income. You don’t know shit or are malicious.

>>514801807
LOL investing in nepobaby is guaranteed negative return. See Alex Soros

>>514815179
And GDP would also grow a lot if he took the money, repaid the national debt, now creditors have more money to invest in American enterprise.

Even if marginal taxes are 50%, I’m still motivated to earn more money because earning 50 cents for every dollar earned in a raise is better than $0 earned on a raise that doesn’t happen

>>514802639
What skyrocketing real wages? You are completely wrong.

>>514815248
I didn’t know people still repeat that tiktok meme from 2022 Michael Saylor. Holy shit only people who know nothing about finance repeat this “borrow against your assets” garbage

>>514804988
ROFL this dude is like a bizarro Paul Krugman. Everything he posts is 180 degrees wrong, ridiculous troll.

>>514809719
>the middle-class will for some odd reason go to bat for the rich
They benefited from the system, whether they were nepo middle-class from birth or broke into it through luck and opportunity taken. The latter knows the hustle and they take an "I got mine" mindset most of the time because going to bat for poors means spending money they just spent time trying to hustle for themselves, they're fatigued. The nepo middle-class just doesn't give a shit, you might call them upper-middle-class and they like that people have less influence than they do because they're pseud elitists.

>>514805323

A Prince who is not himself wise cannot be well-advised

>>514815248
Actually I realized this is bait,

You’re larping as a 2022 quickwealth influencer

>>514799174 (OP)
The rich doesn't consoooooom away all of his money like slaves do, you fucking retard

>>514815724
Yeah no shit that’s why they’re rich, fucking retard.

>>514805744
How many billionaires are self-made? Very, very seldom does the government let people succeed.

>>514815744
Than how do you VAT them? Just randomly taking away their money isn't taxing but theft, I'm hope you're aware.

>>514806547
>more expensive housing proves my point
Holy shit you're dumb lol

>>514815374
This. OP with his 60 replies has no answer.

The OP is some Indian lolcow

>>514799174 (OP)
>I imposed

Democrats demanded a tax on Social Security benefits in exchange for a reduction in marginal tax rates. And now you pretend Reagan did it by fiat.

Transparently deceptive.

>>514815839
Capital gains, dividends, and exit taxes. If needed an unrealized gains tax.

This would be paired with massive cuts to social security and healthcare until we can get the deficit under control

>>514815887
No it literally proved my entire point, raising the cost of production will raise end prices.

Learn econ stupid

>>514815958
The guy was a troll

>>514810424
Contradictions: The Post

>>514816222
How is it a contradiction?

Being for the rich doesn’t mean you’re for the ultra wealthy and wasteful

>>514816094
>unrealized gains tax
So if the price shoots up 10000% for a second then back then I'm in huge debt? Greatest bullshit ever.
>dividends
What if he onely owns growth stocks? Or real estate?

>>514816138
>raising the cost of production will raise end prices.
Is that why home ownership is at historic lows?

>>514815427
And there’s the obfuscation corps! It’s not considered income boi

>>514810424
>I’m a literal financier and I can’t afford a suburban house
lol, and there it is.

You just proved globalism screws you over. You are so incredibly dumb, you vote against your own economic interests.

>>514816287
If you are a financier that means you lend out money. Buy a house first.

>>514816357
> So if the price shoots up 10000% for a second then back then I'm in huge debt?

No, it would likely be on a quarterly or annual basis.

> What if he onely owns growth stocks? Or real estate

When he sells the growth stocks he’ll pay capital gains, or if we have the unrealized gains tax… then annually. With real estate it would be taxed on rental income (which is already taxed) and capital gains on sales

>>514816424
Yes stupid, that’s the whole point

>>514816517
I literally just proved that Trump has completely fucked up my life, and your solution is to support the same policies that he does.

You’re stupid uneducated trash and I hold nothing but contempt for you

>>514816546
My income isn’t high enough to qualify for a mortgage

>>514816695
>Trump
It's been going on for decades. Blaming 1 person shows how small your brain truly is

>>514816726
Better let in more illegals for globalism sake to keep your wages suppressed.

lol dumbfuck

>>514816797
Blaming globalization shows how stupid and uneducated you are

>>514816860
Ah yes let’s just ban immigrants so we can crash our economy and cut our wages in half, so smart

>>514816871
You literally vote against your own interests.

Technically if you found conspiracy or any sufficient illegality at any firm, we should be able to confiscate or sequester any assets in the name of a just society.
Blackrock would be gone overnight.

>>514813402
The law clearly doesn't work. You wouldn't be a leftist if you thought otherwise.

>>514816726
>68 posts by this Canadian

Go away and worry about your own country.

>>514816899
>doesn't understand the difference between illegals and immigrants
Really proving your brain is that small huh?

Anyways you've got 100 posts in this thread. You're obviously dumb, lonely, and desperate. You're just the lolcow of this thread that everyone has been dunking on. I'm done wasting my time with you. Keep voting against your own interests, you're too low iq to comprehend what's going on.

>>514816903
You vote against your own interests

>>514816599
What if this one second miracle happens at the border between two quarter. This concept is so retarded, don't even try. I imagine buying an asset and then going away with it, then randomly getting billed goirllion because some random retarded group of people decided to trade on a higher price.

And no one sells their stocks or their real estates, but acquires credit against them.

why does everyone want to "tax the rich" but only lolberts say "stop taxing me?" I'm not a high earner, or even a median earner, but between all of the taxes I have to pay a fifth of my income disappears before I even get paid. is taxing the rich going to put money back in my pocket? the government already wastes trillions of dollars a year and if anything they are only making my life worse off for it. how am I supposed to believe that if they had a few billion more then suddenly they would start spending it to my benefit?

>>514816972
No that’s proof the law does work, and you know it works, otherwise you wouldn’t be Polish

>>514816977
If you’re American you have no right to discuss these issues. Those rich enough to be at the imperial core are immune from its problems

>>514817010
You are why Trump defunded education

>>514817018
Sukit dikshit? Is that you?

>>514817055
>no one sells their stocks or real estate

You are so incredibly dumb my brain hurts. If no one sold stocks or real estate, it would be impossible to buy stocks or real estate. You need a seller for there to be a buyer.

Please get educated, you’re embarassing yourself

>>514817079
Yes that’s the point, tax the rich, pay off the debt, then ideally shrink the government and abolish income tax entirely

>>514817187
The rich does not. We're talking about rich people, no?
Look at Jewlon Cuck, you think he sold his houses and Tesla stocks to buy Xitter. He acquired credit.

>>514799174 (OP)
>taxing the rich to pay down the debt would put more capital in the hands of investors.
So you'd rob the rich to give money to the rich? Have you considered just not robbing anyone to give money to the rich?

>>514817311
Bezos and Musk have sold billions of their shares over the past 10 years. Zuckerberg only owns 5% of Facebook at this point. You can’t just keep borrowing against a single asset without diversifying because if it goes belly up you’re fucked. Plus, there’s a very high chance that a single company will run itself into the ground over a certain time frame, you have to sell to rebalance your portfolio

>>514799174 (OP)
I agree if they just bend over and let the irs go in balls deep

>>514817317
So how do we pay down the debt?

>>514817475
So your master plan is taxing that few hundred billion zuck has sold over the span 20 years and crashing the education and healthcare to pay the $40 trillion worth US goverment debt? Truly a genius plan, go for it.

>>514817221
if we had no debt when clinton was president why didn't they get rid of the income tax then? even if they want to pay the national debt now (they actually can't because of how money works) why do they need my pittance to do it? people who earn under 50k a year only account for like 1% of the federal revenue.

>>514817842
Ah yes, because cutting spending and raising taxes definitely isn’t how you solve a budget issue.

What we need is to maintain socialist programs like dept of education and Medicaid, socialism is definitely how to run a country.

I thank God everyday that we keep people as uneducated you out of Government. What we have isn’t perfect but your education is abominable

>>514817849
We didn’t abolish the debt under Clinton

>>514817514
We shouldn't pay the debt, we should just default on it and abolish the fed. What are our creditors going to do come and collect? Our economy would go to shit real bad for like six months, but within about a year things would be better than they were before.

>>514817936
Your shitty plan wouldn't help anything. The US is doomed if they decide to play by the rules, there's no escaping it. What they should do instead is just to never pay its debt. And if they bitch about it then attack and conquer.
How the tables turn, Chang.

>>514818284
>never pay the debt

Child’s idea, I’d expect something more intelligent from a 9 year old

>>514818284
Why do we need to attack people who bitch about it? Everyone with a half decent military is a whole ocean away, and that's a whole long way to come just to suck our nuts.
>>514818378
You've got a child's understanding of economics and an inflated ego.

>>514818497
You don’t know geopolitics, history, anything to do with science or engineering, or economics.

You are why Trump says he loves the poorly educated

>>514818703
Hot damn that's a lot of projection crammed into just two sentences. Given that you resort to ad homonym whenever someone suggests that we simply default upon our sovereign debt, it's clear you have no good arguments for why that would be a bad thing.

>>514819008
Lying and threatening me won’t do shit, I won’t argue with someone who doesn’t argue but lies and threatens

>>514819052
I haven't lied to you or threatened you.

>>514819245
>it’s clear you have no good arguments for why defaulting on the debt is bad

I wrote an entire paper on exactly that, so you lied about me

>>514819376
May I see it? I doubt I was wrong about you not having good arguments, but even if I were wrong, I would simply have been mistaken rather than lying. Given that you can't understand that distinction, I doubt your acumen when it comes to basic reasoning.

>>514810448
Yeah that's why you take out loans against the stock

>>514799174 (OP)
The best part is that boomers still worship this proto orange nigger despite fucking them completely in the 80s

The rich are taxed. The top percentiles pay the lion's share of all paid taxes. These top earners are a ridiculously small portion of the entire population. Half of the country pays little to no taxes.
It is wasteful spending, programs that are utter failures that need to be addressed, reformed or terminated.

>>514819963
I am for cutting social security and Medicare and Medicaid and dept of education too, actually just fully abolishing them

>>514819712
He literally made them rich, he made anyone who worked in the 80s rich

>>514799174 (OP)
>taxing the rich to pay down the debt
Who do you think the debt is owed to? You're just not repaying the debt, with more steps.

>>514819680
You can’t do that indefinitely otherwise you’ll be 100% leveraged in one stock and when it dips you get margin called

This “loophole” allows for temporary deferral of tax, that’s it

>>514819557
If I were to accuse you of being a pedophile without evidence, that’s a lie. Claiming I’m mistaken doesn’t cut it. You lied because you knew you had no evidence to make that accusation before throwing it

I insulted that guy because he was being extremely extremely rude

>>514799174 (OP)
>82 posts
This is personal for you. No one with aruge with the anons on pol unless they had something person to gain, or lose, from it.
So why did you feel the need to reveal your flag? You actually had more credibility when people did not know you were a leaf

So, as a response to your argument, what makes you think that tax money will go to the people? Corrupt politicians will take most of that money before it every reaches the people.

>>514820142
Bond holders

And yeah that’s the point, many of them are rich, so you’re putting capital back into the hands of the rich that they can then use to stimulate the economy

>>514820279
Because paying off the debt is paying down the peoples’ debt which means their collective wealth is increasing

>>514811689
shut the fuck up you gullible retard
there have been many things written about the myth of the clinton surplus
retards go back to plebbit

>>514813402
>Except it is, that’s how the law works
retard minds in full action here folks

>>514816695
>Trump has completely fucked up my life
holy shit the plebbitors have gone full retard

>>514816871
>g-g-globalization just means the ability to do things on a global scale
you might as well go do a flip
do us a favor a live stream it

>>514816899
>Ah yes let’s just ban immigrants so we can crash our economy
REEEEEEEEEEEE TARD
>th-the economy will CRASH without mass immigration
mcfuckin kys RETARD

>>514817103
>the opposite of the desired outcome is proof it works
holy shit the retardation just keeps reaching higher and higher levels

>>514820238
My evidence that you have no good arguments is that you react emotionally rather than simply providing them. That isn't direct evidence, but it is still evidence. It fits with the broader picture of your personality which I got from reading your other posts. You seem to be a person of rather modest intellect but a very inflated and fragile ego. The fact that you still have not provided the paper, and have instead tried to deflect from the topic, reinforces that impression.

>>514820436
>I can just not pay tax if I choose not to I don’t care about the law I’m a sovereign citizen.

You’re incredibly dumb

>>514817514
>So how do we pay down the debt?
first you have to clear away odious debts before you even make a rational assessment of what the true debt akshually is

>>514817980
>b-b-but we had a SURPLUS

>>514820799
>hurr durrrrr economy isn’t good time to blame brown people

Can’t imagine being this uneducated

>>514820862
Because I’m talking with stupid people like you and the other guy who just insult

The paper has my name on it so I can’t dox myself

>>514817936
>What we need is to maintain socialist programs like dept of education and Medicaid
there is no constitutionally enumerated text to make this a constitutional reality
we have a 10th amendment here in the USA, retard
all powers not enumerated are the sole province of the States, dumbfuck

>>514820910
Yeah we abolished the deficit, not the debt. Two totally different things

>>514820863
>tax avoidance is ILLEGAL, you cant just change your behaviors to reduce your tax burden
kys you absolute dumb fuck

>>514820922
>hurr durrr I'll just issue another ad hominem when I'm once again at the end of my rope and btfo

>>514820967
I was aware that was a possibility, but that makes it worse for you, you were trying to convince us by going "I totally have good arguments, but you can't see them, trust me bro". Do you realize how insane that is? You are demonstrating a very limited understanding of argumentation, much less economics.
>>514820986
It's hard to tell, but I think he was being sarcastic in that post you were replying to.

>>514820335
You may be educated on economic theories, but you are ignorant on the realism of government corruption, not just DC, but local. The Deep State swamp is much deeper than you think. This is a major reason "real communism" cannot work. Human avarice prevents the system from ever working.

>>514799174 (OP)
I wish I could say this is the last fucking time I have to say this but it won't be.
You mouth breathing retard, people who make salaries aren't the 'rich people' you refer to. Musk likely doesn't have a salary, neither does Warren Buffet, Zuck, Bezzos, the Mars family, none. That 70% tax rate was always on doctors, lawyers, vice presidents (of companies), sports figures and other stars, etc. The 'rich' don't have salaries and many don't even spend money from capital gains-I know you have your eye on ruining financial investment in the US next-they have other methods.
Once people get really rich, it's hard to lose all of that. Not unheard of, see the Vanderbilts.
Keeping money out of the hands of government is the only proven way for working class people to get ahead, providing they do, work. All the talk about budget cuts and DOGE was nice, but was peanuts in the budget overall. The behemoth still gorges on.
You could, however, have your precious Healthcare for all. Not the Wish version like Canada, GB, and others have. You could pay off the debt. The interest payments on those debts would drop off the budget and there you would find the money.
Now, no excuses any longer for being a retard. I suspect you don't need one though.

>>514820986
I meant we have to abolish those programs stupid. Could you not extrapolate from the rest of my post?

>>514821615
You’re so fucking stupid. You don’t get rich sitting on your ass.

Lawyers, doctors, construction workers, nurses, etc all have salaries income

>>514821709
/s definitely didnt come across

>>514821795
>You don’t get rich sitting on your ass.
lmao are you truly unaware that the rich get richer while sitting on their asses
of course nobody becomes rich while sitting on their ass
unless its something like glowniggers coming along and handing the back end of project lifelog over to zuck so that their project could be both killed and go public at the same time

>>514822003
Most of the ultra rich in the world got that way because the government or someone already insanely rich just decided to elevate them to the top. Getting rich through hard work is extremely rare and getting rarer.