Thread 521204816

I've been running businesses in my city for 20+ years. I know all the people who own all the apartments, retail and office buildings in the downtown area. I've done business with them for years. The reason why their buildings are empty and boarded up now is because they no longer need the cash flow. They don't need to collect monthly rent checks to maintain their lifestyles like they did in the 80s, 90s and 00s. They have too much money to spend, so they invest it in these multimillion dollar properties that they are incentivized to price you out of because that makes the value go up even more, until some big developer comes along and buys it for an astronomical figure so they can tear it down and build something new with subsidies from the taxpayer.
It's a lie that "none of your problems is because someone else is a billionaire." Billionaires are the reason your rent goes up, the reason your 7-layer burrito goes up, the reason your city is boarded up. The commodification of real estate is why businesses are too expensive to run and everything is unaffordable. If you want to have an economy like the boomers had, you have to tax them like Eisenhower and JFK and Nixon did.
"The billionaires will leave" is another lie. There's nowhere to go. There's no American business that would be better off without the American consumer base and the American workforce. And if they did leave, THEY CAN'T TAKE THE BUILDINGS WITH THEM. Either they pay taxes on it or sell it to somebody who will, then the property is part of the community again and the economy is working again like it did for your parents and grandparents.

>>521204816 (OP)
>Billionaires are the reason your rent goes up, the reason your 7-layer burrito goes up, the reason your city is boarded up
No that's non-White immigration

Asmongold is fucking loaded, taxes are just another way for the rich to rob the poor.

>>521204816 (OP)
based but also very antisemitic.

>>521204816 (OP)
>taking economic advice from fucking gamers who have never picked up a book on economics in their life
epic... epic ftw

>>521204816 (OP)
>Don't know the first thing about economics or the financial system
>Taxing billionaires will somehow fix the housing market
Retards

take the UK as evidence this doesn't work
we're much further down the road of a socialist welfare state and it's never enough; there's ALWAYS a budget deficit, always more taxes-- and they're due to go up *again* at the end of this month
if the welfare state was helping the population prosper they wouldn't mind the high taxes so much, but it isn't, we're still fucked
the real problem is usury - we're perpetually being kept in debt by jewish oligarchs using fake currency

>>521204816 (OP)
Correct. This is a Reagen era Boomer lie.
>capital flows to where it is most appreciated
Russia has a flat 10% tax but I don't see people fleeing France and America and England to Russia.

>>521204816 (OP)
https://www.zerohedge.com/ai/land-data-center-alley-sets-new-price-record

Land near power transmission lines just sold for 615 million. It was bought 4 years ago for 60 million.
You're right. The rich don't need to develop or rent shit. They just allocate capital until a bigger fish gives them a 10x return in ~5 years.

>>521204816 (OP)
nazbol agecis rising

>>521206349
kosher nazbol?

>>521206109
You are being kept in debt because your politicians won't stop spending more than they take in year after year. Interests on debt is just a limiter on policitians spending even more of your future money.

>>521204816 (OP)
The politicians steal the money for the poor so why should they get more money?

>>521206109
Not talking about socialism or a welfare state, just what America had in the 50s and 60s. What the boomers had before they voted in the neoliberalism. I don't care if you take the money and burn it, build a skate park with it, just take it from Bill Gates and Larry Fink so they can't buy up all the farmland and single family homes with it.

>>521206430
>You are being kept in debt because your politicians won't stop spending more than they take in year after year
This, it's not the taxable amount that's the issue, it's the spending of the money
I laugh at niggers crying that a single income home isn't enough to raise a family without 6 figures when I can do it just fine with 5
Stop pissing away money and budget correctly and see how you succeed in life

>>521204957
>No that's non-White immigration
Also because of billionaires guys like Soros spear head funding for it, NGOs that bring them over also are funded by billionaires. All problems always circle back to the rich.

>>521204816 (OP)
>asmongoloid viever

you probably think that bilionares or pll earning milion a year will just bend over right?
wrong
they simply increase they product costs - and the middle class will pay for it
bilionares will be as rich as before, but cost of living will increase ( to milionres by 0.00001% of they earnings , to middle class by 10%)

Boomers are the richest yet the most subsidized generation in the US

WE NEED TO CUT ENTITLEMENTS. YOU STATIST RETARDS

>>521204816 (OP)
>I've been running businesses in my city for 20+ years.
What sort of business?
Why bother running a business when you can get paid more to just board up the building and somehow collect infinite free money?
How do you feel your life will be improved by the state stealing more money from people who are more successful than you?

>>521204816 (OP)
As a far right nationalist, I agree with that though
>>521204957
It's both. Billionaires invest in assets which inflates asset prices. They also import browns to lower wages. Diversity is their strength.
>>521206109
The usurious monetary system is a major issue but you can still tax billionaires via asset taxation while lowering taxes on labour

>>521204816 (OP)
lmao
they own multiple estates in several countries + they have already the pass
you wont believe what 2 million $ investment can do

The state doesn't need more money. Do you really believe they'll use it on something useful?
Hell, they're already constantly operating on a deficit, and what's the result?
It's the retarded spending that's the issue. Too many gibs, too many bloated departments full of useless officials and their "advisors", too many useless politically-driven projects to secure votes.
Cut down government size by about 80% and MAYBE that would be a bit more sustainable.

>>521206204
Russia also has huge vat tax that destroys businesses (20%) and is a hidden tax on consumers. america only 5-7% on average

their pension fund is 22%. that's fucking huge compared to 6.5% in america

their taxes exceed above 40% means they have one of the highest taxes

>Russia has a flat 10% tax but I don't see people fleeing France and America and England to Russia.

Debunked above and I see people fleeing new york and cali for low tax states like Florida and Texas. Or France, Italy, etc for Switzerland. take your statist bullshit somewhere else, retard.

>>521204816 (OP)
People who think the way you do just fundamentally do not understand money, commerce, or economics, and you should not be expressing your uninformed opinions on these topics.

>>521206981
Sounds like your problem is that you don't invest in assets and you somehow believe that if others are punished for doing so your life will improve somehow.
But do explain how importing millions of 60IQ cannibal savages who don't speak the language and putting them on welfare = cheap wages. What sort of work do you do that some nigger wearing a grass skirt and a lip plate who communicates with clicks and grunts is a threat to your livelihood?

>>521206204
>>521207089
You're also leaving out the fact that Russia is an extremely corrupt country and if you don't have the right friends or grease the right palms, you'll never be successful at scale.

>>521207089
Except changing states is nothing. Moving from America to someplace people don't speak English is something people won't do.

>>521204816 (OP)
With taxes you'd generally move money from people who are 55/45 on the right to the people who are 95/5 on the left

>>521207187
>just scale up to compete with a fortune 50
Sure bro. America is equally corrupt.

>>521204816 (OP)
serious question: why allow these structures to stand? if it's boarded up and not in use, clearly, it needs to be removed to better serve the community. we are all community minded, right?

>>521204816 (OP)
Towns and cities where I live need to put punitive taxes on blighted commercial properties. There's blown out empty shopping centers everywhere and it looks like shit. They are constantly building new construction on what used to be farmland instead of renovating and reusing what has already been built. REITs need to be reigned in at the state and federal level. We need new anti trust laws to prevent price manipulation of property. I believe in private property and I have no problem with people getting rich but the wealth inequality has reached a critical tipping point where real systemic danger exists and we need a reset to release pressure and allow a thriving middle class or there will be revolution.

>>521207138
>Sounds like your problem is that you don't invest in assets and you somehow believe that if others are punished for doing so your life will improve somehow.
I'm heavily invested in assets and loaded. But my personal situation is irrelevant to the point.
>But do explain how importing millions of 60IQ cannibal savages who don't speak the language and putting them on welfare = cheap wages.
Basic supply and demand.
Increase supply of labour via mass immigration = lower costs of labour
You're not too bright are ya lad?

you seriously posted a twitter screenshot of billy mitchell commenting on asmongold? damn nigger

>>521204816 (OP)
yes you didnt need to write that much normal people know the economy is fucked for decades now while richfags get richer and richer. you dont need to explain that to anyone, anyone can see and feel it

>>521207089
An average Russian pays : Effective overall tax take: ~43–44% of total compensation value.

An average Floridian pays 25-29%. But tell me again how low Russian taxes are.

>>521204816 (OP)
>I know all the billionaires, and they have no income. They are billionaires because they have massive liabilities that produce no profits for decades, and some bigger fool comes along to invest in something worthless that then produces no profits.

That's not how anything works. You've been watching too many movies. You make money by making money, idiot. Someone who has a bunch of rental properties that are boarded up, and making no money not only has no money, but is actively losing money. Derelict properties plumet the valuation of real estate, not increase it you fucking retard.

If you tax someone at stupid rates, this literally causes the thing you're worried about. If somebody has 100 rentals making him 100k a month, then you introduce a new dumbass communist tax policy where he loses money, he scales his operations to the exact break point of your new tax policy.

Why would he run 100 rentals when he makes more money running 50 with half the work? If you propose to do some dumbass wealth tax, people do just flee the country. If you're going to steal 10% of his shit annually so that he'll be broke in 10 years, he'll take everything that isn't nailed down at a 80% loss, and fuck off. People behave rationally, and respond to incentives.

Shit has to be profitable. The reason why most cities have this problem is because the taxes are too high, and the zoning actively discourages houses being built cheap. You can't build a house for under 2 million dollars in LA, they literally won't let you.

>>521207256
What are you talking about?
Russia's economy is very segregated from the US and from the west in general. I'm also not talking about scaling up to global markets, just to a medium sized business.
An economy thrives when average people are able to start a business and have room to grow. Russia doesn't have that.

>>521207210
>Except changing states is nothing
there's a HUGE difference between new york/cali vs florida texas new hampshire or tennessee.

and that's why there's a huge middle class flight. check it out it's fucking insane :

2. Migration / Middle-Class Flight Stats

Census Data (2021–2023):

Net domestic outflow:

California: ~420,000 left per year (net)

New York: ~340,000 left per year (net)

Net domestic inflow:

Florida: ~250,000 gained per year (net)

Texas: ~350,000 gained per year (net)

Tennessee & New Hampshire: smaller but positive inflow

these numbers are HUGE.

>>521204816 (OP)
>There's no American business that would be better off without the American consumer base and the American workforce
And the american laws and regulations around running businesses. In Norway a lot of business owners and rich people are moving out of the country because that. And also maybe because of taxes.

Buy an advertisement

>>521207450
>I know all the billionaires, and they have no income. They are billionaires because they have massive liabilities that produce no profits for decades, and some bigger fool comes along to invest in something worthless that then produces no profits.
Is OpenAI profitable?
Is Sam Altman not a billionaire?
Tell me how that works.

>>521207604
America is all the same brown sludge and corporate chain stores.

This place is dead. These threads are proof

>>521206817
it's obvious all problems stem from rich/powerful people. They are the ones with power to actually solve problems so if something's wrong and it doesn't get solved you know it's because it benefits them in one way or the other.
>>521206893
This is the big problem with universal suffrage democracy. The baby boom generation will reap all the rewards like punishing the other gens. Boomers had low tax, high grow youth to build up wealth and now government protects them at every chance because their power depends on their votes. Meanwhile, millenials, genz and soon gen alpha get retarded high taxes, low growth and no subsidies. In Spain boomers had almost no tax and the government gave them cheap as fuck housing. Now government has put 9999 restrictions to new housing and they let in 500k immigrants each year (1% of the population) to pump their house value. Spain is like China in that aspect, the only investment people know and trust is real state so the government wants to pump that as much as possible to get the votes.

>>521207351
>I'm heavily invested in assets
If you're so upset about your assets appreciating in value you could always give some away to some nigger that never bothered to work, save, and invest themself.
>supply of labour
What sort of work does pic related do in your country?

So these threads pretend not to be eceleb videos?
That's all it takes to trick the mods?

>>521208239
>Tell me how that works.
His company earned 20 billion in profit this year. How much did your business report in profits this year?
>>521208344
>REEEE, why don't more people respond to my shitty twitter-react thread!
Try a picture of a pretty girl next time, Sukhpreet.

>>521209817
>I am a cancer

You dont even know what you lost.

>>521204816 (OP)
>"The billionaires will leave" is another lie.
Yeah an bezos moved to florida to be closer to his parents simpleton.

>>521209869
I've attempted to engage with you in good faith despite your retarded OP and twitter-screencap for a source and you have not answered one of my questions or attempted to support or defend your stupid opinion.
This will be the last (You) from me unless you can act like a human.

>>521210669
I think you are referencing someone else

>>521204816 (OP)
Solution is quite easy too. Buildings cannot go unexploited. If they're empty - government repossesses and reassigns.

And it's not just to prevent hoarding.

It's to prevent cycle of buildings being built, standing empty through entirety of their exploitation period and then getting demolished, because they're too far aged.

Literal anti-humanity waste.

>>521206722
>Not talking about socialism or a welfare state, just what America had in the 50s and 60s.
America had gold standard then...
https://en.wikipedia.org/wiki/Gold_standard

>>521210955
>Buy building, pay for property tax, utilities, and overhead for decades then demolish it
>?????
>Profit!
Congratulations, Sukhpreet, you've just discovered the infinite free money glitch.

>>521206109
>if the welfare state was helping the population prosper they wouldn't mind the high taxes so much, but it isn't, we're still fucked
This, Norway pays an astronomical level of tax, but most nords don't mind because its reinvested in people, they have a good welfare system, healthcare, and free universities

Not like us where we're tax raped to pay gimmigrants and worse, the Scots.

>>521211065
The entire federal budget in 1950 was 40.1 billion. But obviously the problem isn't the extra 8 trillion we're spending now but that we're not stealing enough from the producers, savers and investors to create more government programs.

>>521204816 (OP)
this is basic bitch bait and switch to turn you against the billionaires when the millionaires are actually the real problem. Billionaires are so rare and so obscure they arent going to ever be a problem for you. The problem is the millionaires doing everything they can to fuck everyone below them to become billionaires.

>>521206430
Politicians will never cut spending you retard because then they will lose the next election.

>>521204957
Who do you think lobbies for it

B
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A
N

A
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T

>>521204816 (OP)
Haha it's Milly BITCHELL the known cheater!

>>521204816 (OP)
Billy Mitchel is a retard unaware of the Laffer Curve
The Laffer Curve states that you can only tax the rich up until the point the tax burden is more than the cost of a clever accountant who will hide your wealth in tax havens away from the grubby hands of the tax collector, beyond that it is worth it for the rich to jump ship to a cheaper country.
We see this now in the UK, where many millionaires have left the country and relocated to Italy and Malta.

> property is too expensive
> so the solution is to raise property taxes
Nice logic retard

>>521211174
Norway really should be excluded from these discussions tbf. They're an extreme outlier. They're like a democratic Saudi Arabia with their sovereign wealth fund.

>>521211174
>and worse, the Scots.
Years ago, I wouldn't have believed this.
But then I met some Glaswegians this one time while I was traveling.

>>521206109
Because they move their accounts offshore. There is no accountability for them it’s all this way.

>>521211755
That is true, they have as much oil wealth as the UK does (or did before Thatcher sold the rights off to the septics), but with the population of only Yorkshire

>>521206109
>take the UK as evidence this doesn't work

The UK is a shithole and has at least 10 countries within a days drive away that aren´t.
The first thing someone that gets rich in the UK shoud is leave to Switzerland.

>>521205230
Where is the “economic advice?”

>>521209280
Painfully low IQ slop response from the amerilard

>>521205230
Economics is intuitive. The nuance that is taught in economics is largely bullshit that ignores a lot of modern factors like how insider trading is legal, the federal reserve Banks (who print the money, set the interest rates etc) are totally captured by Wallstreet bankers, corporations control policy makers and legislators and the list goes on.
Also, who do you think is responsible for creating the economics courses in uni and writing the books? Protip: literally goldman-Sachs et al.
Learning economics is mostly about how to do simple algebra and explain away all the obvious conflicts of interest and the "business cycle" while everyone experiences another "largest consolidation of wealth" event for the 12th time in their 25 year life.
T. stem degree holder

asmonbald complains about sexual assault

then visits saudi arabia a week alter where sexual assasult is state policy

what did he mean by this?

>>521217574
What an utterly fucking irrelevant thing to say.
Let me help you. The topic is ECONOMICS.

>>521204816 (OP)
The rich will in fact move to wherever they perceive costs will be the lowest. The trick is to make sure that if you raise their local production costs, you also raise their import costs.
This is a general issue with all taxation in the west, people always talk about raising taxes on income brackets rather than specific activities: in most countries pure rent seeking is taxed at the same level as bare sustenance incomes, in spite of being a pure social malus. Business fines are almost invariably far less than the gains from breaking whatever rule warranted the fine
Why the fuck would I want to see big companies or hyper high incomes getting taxed more when there are far better and less easily hidden avenues of taxation to exploit?
Don't tax Bezos because he's rich: fine him a % of amazon's income for breaking labor standards to avoid labor market manipulation.
Don't tax Fink because he's rich: tax him because owning real estate beyond what the owner productively uses should warrant a >90% taxation on income from said real estate to avoid speculation.
Don't tax Bloomberg because he's rich: tax him because pure capital gains should warrant extortionate taxation to avoid speculation.
Basically, taxes should act as much as regulations as actual regulations do. Private wealth emerges from the efficient exploitation of the market, it's up to the state to direct said efficiencies towards socially useful behaviours.

>>521211349
usually immigrants and democrats.

Counterfeiting of the money supply inflates asset prices. Which disproportionately affects those that don't own assets. This is being done at an exponential rate.

Nobody ever talks about that enough. Money countefeiters used to be hanged. When retards say they want to raise taxes in this environment where counterfeiting has been normalised, what they're really saying is that the countefeiting has become too obvious, that it's affecting poor people (that don't own assets) too much, and that they need to drain more from the real economy via taxes to prop up the system.

Why do wealthy people: that own assets, way more than you, want to prop up the system? Because when it collapses and the currency is based in reality they won't be nearly as "rich" as they are now, because it will force prices to correct. The countefeit money is what's propping up the massive welfare state in the first place. Playing with interest rates is just like a valve to adjust the rate on the new counterfeit money being introduced to the system. If you work a job and you don't have lots of assets (like stocks) you're paying for this, it's not just via taxes.

Nobody ever proposes simplifying the tax code either. It's always more additions. A simple flat tax that everyone pays would sort out the mess of who is paying their "fair share" or not, where we get rid of all the special exemptions and just have did simple rates for everything. There's a reason for this: they can advertise high rates publicly to retards, while in private their army of accountants writes lots of things off, gets the exemptions. It's complicated by design, because the wealthy people are those that lobby the government to change it to be like this.

Things like socialised healthcare, welfare or food stamps, this is what wealthy people want, where they can get these foreign workers to work for a pittance and have the taxpayer pick up the tab for the shit wages they pay. Government shrinks they're forced to pay a decent wage.

>>521206722
No you are literally talking about a socialist welfare state and its retarded.

No, simply taxing the rich isn't going to make housing affordable again. Why not actually tackle the reasons houses are unaffordable.

As always your solution to this issue is overly complex. The issue is a tree branch getting near a powerline and your solution is to cut out the stem instead of just taking off the branch.

Every additional property that you or a corporation own after 3 is progressive. So if you own 5 apartment buildings, building 4 will cost 100% more in property taxes and apartment 5 will cost 100% more in property taxes.

>>521218726
Let's be real anon, you get crucified for actual counterfeiting today too.
You're talking about printing money, which has been done by governments all through history typically without anyone other than the plebs feeling the consequences.
It's still behaviour that deserves hangings all around, but let's not act like the printer started this century.

>>521209280
>What sort of work does pic related do in your country?
Ah because the work is personally beneath you its not worth doing and its totally fine if we just undercut our entire lower class so that you can get 50% off on pool cleaners?

>>521204816 (OP)
They don't get it because they have been propagandised to death. Capitalism is the only thing they can imagine, being under the boot of the boss, getting extorted worse than the peasants used to be. Why can't we have a world where things are better? Well because that would eliminate the cash flow for many that benefit from things being know they are now.

>>521218726
>Nobody ever proposes simplifying the tax code either. It's always more additions. A simple flat tax that everyone pays would sort out the mess of who is paying their "fair share" or not, where we get rid of all the special exemptions and just have did simple rates for everything. There's a reason for this: they can advertise high rates publicly to retards, while in private their army of accountants writes lots of things off, gets the exemptions. It's complicated by design, because the wealthy people are those that lobby the government to change it to be like this.

There are proposals but they never pass. Ben Carson proposd a flat tax rate in 2015 but those policies are never that popular.
Tax obscurantism is the best way, besides inflation, to increase the tax burden without normal people noticing. If you take the Laffer curve (>>521211588) you'd see an optimal point of revenue through tax, a point where either raising tax or lowering both would mean lowering revenue gathered. With obscure laws you extend the peak of the Laffer curve forward. If people and businesses don't realize how much they are being swindled they will continue to operate even at a loss because of stupidly complicated bookeeping.
The accountant at my company told me she was doing extra hours until she saw how much money she was losing to income tax. The extra hours pushed her to the next income tax bracket so her price per hour worked effectively dropped. Her extra hours started earning her less and less money so she said fuck it. She could contribute more to the economy but taxes made it not worth it.
My hope is that AI accountants will abstract away all the bs and tell workers and small businesses how to mazimize gains. If working 30h a week is the optimal strategy for tax then so be it. Fuck the state.

>they won't leave, just tax the rich!!
Worked for Norgay!

>>521219656
I triple dog dare you to work a register at McDonald's full-time and try to afford rent, you disingenuous boomer cocksucker.

>>521219656
Sorry,
>>521220660
Was meant for >>521209280

>>521204816 (OP)
Right.
BILLIONAIRES AREN'T PEOPLE
TAX BILLIONAIRES OR KILL THEM