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Billionaires don't need that much money to have a great life.  When they tie up that much money or invest it the deprive starving kids.

It's hard to understand this line of shallow thinking.  Maybe I shouldn't have gone to college to earned a bunch of wealth and just went to a vocational school so that I could just get by and wait for a handout!  Not the American dream is it?

Well people might be wealthy but 211 billion is ridiculous!

Musk got $1.5 Billion of our tax dollars for Space X. Fucking ridiculous.

Quote from: Rockeyhard on Aug 11, 2024, 09:19 PMIt's hard to understand this line of shallow thinking.  Maybe I shouldn't have gone to college to earned a bunch of wealth and just went to a vocational school so that I could just get by and wait for a handout!  Not the American dream is it?

Rich people: We are rich, but we need to be richer. Let's make it so we don't have to pay taxes, but, to support that, we make the poor pay more taxes!

Conservatives: That's the way it should be! You pulled your way up by your bootstraps and deserve to keep that money, and we should pay for it!

Quote from: Rockeyhard on Aug 11, 2024, 09:19 PMIt's hard to understand this line of shallow thinking.  Maybe I shouldn't have gone to college to earned a bunch of wealth and just went to a vocational school so that I could just get by and wait for a handout!  Not the American dream is it?

Surely there's a happy medium somewhere between "the American dream" and accumulating billions. 

So how about this: You can have all the millions you want, up to a thousand of them. At that point, maybe it's time to tax you a bit more so some of it is sent back to the little people who made it all possible.

It's not crazy.

You liberals are always out for a free hand out... pure socialism! Top 50% of taxpayers pay over 97.7% of all income taxes while the bottom 50% income earners pay only 2.3%. Does that sound like a fair system? Maybe everyone should pay so they have skin in the game.

Quote from: Rockeyhard on Aug 12, 2024, 01:21 PMYou liberals are always out for a free hand out... pure socialism! Top 50% of taxpayers pay over 97.7% of all income taxes while the bottom 50% income earners pay only 2.3%. Does that sound like a fair system? Maybe everyone should pay so they have skin in the game.

We're not talking about the top 50 percent of taxpayers or even the top 1 percent.

We're talking about the richest of the very rich. A mere 800 individuals have more wealth than the bottom 50 percent of Americans.

Perspective matters.

Why do you think that the government should decide what someone "needs"?  I really do not care of someone has more money that me, what drives me apeshit is when the market is interfered with and they income does not balance over time through market forces.  Whenever the government steps into fix something it makes it worse.

https://pbs.twimg.com/media/GUzqcPQbwAA6xIG.png:large

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Quote from: CigarMan on Aug 12, 2024, 02:51 PMWhy do you think that the government should decide what someone "needs"?  I really do not care of someone has more money that me, what drives me apeshit is when the market is interfered with and they income does not balance over time through market forces.  Whenever the government steps into fix something it makes it worse.

It would be great if "market forces" caused incomes to "balance out over time." Historically, however, that has never happened.

Hey, maybe it could work in the long run. (The very long run.)

The problem with that, as Keynes said, is that in the long run, we're all dead. lol

Quote from: bats on Aug 12, 2024, 05:08 PMIt would be great if "market forces" caused incomes to "balance out over time." Historically, however, that has never happened.

Hey, maybe it could work in the long run. (The very long run.)

The problem with that, as Keynes said, is that in the long run, we're all dead. lol
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That's because all the bleeding heart liptards keep fucking things up! California is an excellent example.  Quite a few billionaires left for this reason!

I am all in favor of taxing the billionaires.

My issue is everytime a politician opens his mouth he talks about the billionaire, but by the time the legislation is written it a tax on the middle class, as the numbers don't work...or the legislation is changed as the billionaires can make the politician donations and are carved out.  I.e: Gavin Newsome Bakery law: Panera Bread. 

lets go back to the tax rate we had in 1970, top rate 74.25%., and they didn't starve on their yacht.

Billionaire Discussion
Mark Cuban - AI Industrialization & Drug Transparency with Cost Plus Drugs | The Daily Show. Video length 25:08 minutes.
https://www.youtube.com/watch?v=ayhRmnFlSkE

Or you can read the Story by Irving Mejia-Hilario, The Dallas Morning News. About a 5 minute read. Link