"Do we really need billionaires?" - Lakota

/—-/Yeah, lets get poor people to run things. What could possibly go wrong?
We've fucked up and allowed an aristocracy to form in America. The battle we had with the robber barons to wrest back control of the nation's economy has passed from living memory. Looks like we are going to have to do it again.
I suspect it’s too late. They control most of our institutions.
It's never too late. It's been 11 years since a major recession because they know another one could go very badly for them.

I agree it is never too late to try because giving up is pointless.
But as fossil fuel runs out, the whole pie is getting smaller, so likely it will come to blows.
/——/ Fossil fuels were supposed to run out in 1975. Still waiting
There Is As Much Energy Left As Would Be Produced If Everything That Grows in the Soil Burned Continously for a Thousand Years


Our thinking is so upside-down. Peak Oil is a Right Wing lie; the petrocrats can charge us more if we are gullible enough to believe oil is running out.
 
/—-/Yeah, lets get poor people to run things. What could possibly go wrong?
We've fucked up and allowed an aristocracy to form in America. The battle we had with the robber barons to wrest back control of the nation's economy has passed from living memory. Looks like we are going to have to do it again.
I suspect it’s too late. They control most of our institutions.
It's never too late. It's been 11 years since a major recession because they know another one could go very badly for them.
I don’t think they are concerned about recessions. They know they have an uncle that will always take good care of them.
There's that but the word "socialism" lost most of it's stigma in the years after the 2008 crash. We started talking about the 1% and their golden parachutes. The American left gained in popularity and it looks like the democratic party may have to actually stand for what democratic voters always thought they did.
The Whiteys Hating Whitey Party Will Also Forgive Student-Loans Only for Minorities


Not one dime of this tax on billionaires should go to the useless mooching minorities or to Whigger trash. Giving money to the wrong people is all the Democrats have stood for since that pretty-boy degenerate feralphile JFK.
 
There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.
The Carefully Hidden Cancer That Destroys All Civilizations

Both sides are ignoring the unearned wealth from inheritance. So both twin sides love and protect Preppy moochers. That includes all white-collar jobs, not just the owners'. We have become a Juniorocracy, a terminal stage.

Inherited power, property, and position destroy Capitalism. Someone who starts a company and gets it producing popular jobs and products makes the system look good, but then his heirs, who rarely inherit that talent, wreck it, causing a depression.

To illustrate, imagine if pro athletes could pass on their positions to their sons. Year by year, sports would get worse and more unwatchable. Within a decade, they would go out of business.


The Sage of Main Street wrote "but then his heirs, who rarely inherit that talent, wreck it, causing a depression."

Where are YOUR facts regarding heirs cause depression?

Now here are some FACTS for you:
Did Millionaires Inherit Their Wealth?
We recently released the findings of the largest study of millionaires ever conducted, with 10,000 people participating.
We also surveyed the general population,
and we found out that 74% of Millennials believe millionaires inherited their money. So do 52% of Baby Boomers.
(Like you do evidently!)

Our study of millionaires blows that theory out of the water.
Only 21% of millionaires received any inheritance at all.
Just 16% inherited more than $100,000.
And get this: only 3% received an inheritance at or above $1 million.

Think about that: 74% of Millennials believe millionaires inherited their money, but the vast majority of millionaires didn’t get any inheritance at all, and those who did certainly didn’t get enough to make them millionaires!
If only a small percentage of millionaires in our survey received an inheritance,
then how did these 10,000 people get their money? Work. Old-fashioned, gritty, roll-up-your-sleeves, get-your-hands-dirty work.

We gave the millionaires in our study a list of items that could contribute to someone becoming a millionaire, and then we asked them to rank them. What ranked number one, beating out everything else? Financial discipline. What ranked number two? Saving consistently.
How Many Millionaires Actually Inherited Their Wealth?

Damn facts certainly have a way of blowing idiotic opinions out of the water!!!
 
There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.



Look stupid.


Putting an insult in the beginning of a TLDR reply is an awesome way to make sure I disregard your bullshit.
You've been living in a corrupt plutocracy so long you think that's how it's supposed to be.
 
There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.



Look stupid.


Putting an insult in the beginning of a TLDR reply is an awesome way to make sure I disregard your bullshit.
You've been living in a corrupt plutocracy so long you think that's how it's supposed to be.

Then get off the forum, if you are too pathetic to handle having dished back at you, all the insults you yourself have spewed out.

Besides everyone smart enough, already read and agreed with what I said. I don't need you to respond to anything, because I already know you can't.

So don't. Spare us all your lies.
My original comment had no insult to anyone in it so I'll just say eat a bag of dicks to make up for it.
 
It's never too late. It's been 11 years since a major recession because they know another one could go very badly for them.
I don’t think they are concerned about recessions. They know they have an uncle that will always take good care of them.
There's that but the word "socialism" lost most of it's stigma in the years after the 2008 crash. We started talking about the 1% and their golden parachutes. The American left gained in popularity and it looks like the democratic party may have to actually stand for what democratic voters always thought they did.
Bernie is doing well because many Americans are sick of the extreme wealthy getting socialism. However many middle class Americans still don’t see the fraud being committed against them. They think any government programs to help the poor and middle class is unacceptable. It’s communism. They go against their own self interest, while the 1% continue to enrich themselves on the government dole.

Yeah, because it's in my self interest to destroy the entire country.

Brilliant. You people are fools. You look around the world at Socialism destroying country after country, and then say we're voting against our self interest, to stop you people.

Did you learn nothing from France? The high cost of social programs, makes hard working people, into peasants working for the benefit of government. The whole yellow vest protest, is a protest against your ideology.
The thing is and you’ll never comprehend it, the wealthy are doing a good job of destroying the country and you are paying for it.

Explain how.
 
There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.



Look stupid.


Putting an insult in the beginning of a TLDR reply is an awesome way to make sure I disregard your bullshit.
You've been living in a corrupt plutocracy so long you think that's how it's supposed to be.

Then get off the forum, if you are too pathetic to handle having dished back at you, all the insults you yourself have spewed out.

Besides everyone smart enough, already read and agreed with what I said. I don't need you to respond to anything, because I already know you can't.

So don't. Spare us all your lies.
My original comment had no insult to anyone in it so I'll just say eat a bag of dicks to make up for it.

Then I have mistaken you for a different poster who was insulting.
I looked at the older posts, and you are right. I am wrong. My mistake.
 
Well yes Lakhota .

The only way to get rid of billionaires would be to seize their assets, and if they resisted, to send in a SWAT team and murder them.

Is that your plan Lakhota , to send out SWAT teams around the US to seize all the assets of billionaires?

People have to commit a crime to suffer asset forfeiture!

Even if you pass a law banning billionaires, it would be ex-post-facto and NOT apply to those already beyond the limit, and thus they would be grandfathered in.

Have Fun Comrade.

Stalin_in_July_1941.jpg

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.
Elitist dictatorial / self-appointed ruling class politicians declaring voters can not be trusted to vote, setting up and running federal law-violating Sanctuary cities, declaring people should only be allowed to keep a percentage of THEIR own money, who violate both Constitution and law to overturn elections that do not favor them, lecturing others and demonizing other's wealth have no reason to exist, or at least be tolerated.

Think of all the good Bernie could do with those billions!

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.
/—-/Yeah, lets get poor people to run things. What could possibly go wrong?
We've fucked up and allowed an aristocracy to form in America. The battle we had with the robber barons to wrest back control of the nation's economy has passed from living memory. Looks like we are going to have to do it again.

/—-/Yeah, lets get poor people to run things. What could possibly go wrong?
We've fucked up and allowed an aristocracy to form in America. The battle we had with the robber barons to wrest back control of the nation's economy has passed from living memory. Looks like we are going to have to do it again.
I suspect it’s too late. They control most of our institutions.

Good thread, but now the answer to why higher rates on the wealthy do not work.

Before it gets to deep in this thread, watch this short video on psychology. While it has to do with tax returns, it also explains succinctly why without a large return for taking a chance, everybody is going to shy away FROM THAT CHANCE! Humans are just HARD WIRED that way, plain and simple, so you must allow more ability to make profit than some of us would like, or you will get no risk takers!



But something like a 30% tax rate is not too high.
And the wealthy are only paying 15% or less now, because they use loopholes like the capital gains rate, exemptions for their mansion mortgage, etc.
We need to fix the tax system to remove loopholes, and a flat tax with a large flat individual exemption would do that, while keeping taxes 0 for those making the amount of the exemption or less.
Necrocracy: Letting Dead People Determine Our Future

Why tax the living when we can tax the dead? Are Americans afraid of ghosts? 100% inheritance tax will eliminate the need for any income or corporate taxes.

Only those who have been manipulated into hating their Daddies for not getting rich and spoiling them, or being able to pay for their college education, support the unearned privileges of HeirHead moochers. Such slavish peasants and unAmerican nobility should go back to the crumbling castles of Europe where they belong. Continuously ignoring all that proves that this whole thread is soaked in blueblood propaganda.


That's ridiculous. If you setup a 100% inheritance tax... why would I ever build an inheritance? And if I never build an inheritance... then what you are you going to tax?

Now to clarify, I will build an inheritance.... just not in the US, and not taxable under US law.

I would invest in Canada, and keep my wealth there, to pass onto my decadence.

Of course that means no jobs or corporations creating wealth in the US.... but that's what left-wing ideology does... keep the poor poor, and the rich leave.
 
Socialism has nothing against people earning all the money they wants.
Socialism just means that people pay reasonable taxes on what they make, because it was expenditures by government that allowed them to make those profits in the first place.
In the US, wealthy are taxed at the 15% capital gains rate, which is too low.
In Europe, they are taxed more like 50%, and that seems to high to me, because there hardly is any incentive to make anything then.
The ceiling likely should be more like 35%?

I barter my skills and labor for paper script notes because FRNs have no intrinsic value (HJR-192).....why do YOU believe that this corporate entity that lamely disguises itself as a legitimate governmental body (owned by the IMF) is entitled to benefit from MY labor by stealing a percentage of it? Income taxes are collected by a Puerto Rican Trust #62 aka "the IRS". Stupid fucks like you believe that by confiscating the earnings at a higher rate that all problems would be magically solved.

So, here is today's lesson......so STFU, turn around and face the black board.

Since every Federal Reserve note is "borrowed" into existence with interest attached to every note? Where do the FRNs come from to pay the interest? You can't pull eleven marbles out of a bag that only contains ten.

Emphasis on "note", like a Promissory note, house note, car note.....Black's Law dictionary defines "note" as debt owed....an I.O.U.

All ventures or human activities grow.
They all cost some investment, but you always end up with more than you started, whether it is hunting, gathering, planting, manufacturing, information, etc.
It is not a big deal for someone to charge a small amount for maintaining currency, so that trade is facilitated.
Everyone who uses currency owes a little bit for that convenience.
Everyone who uses roads, fire protection, crime protection, invasion protection, etc., owes a little bit for that convenience.
Life is not a zero sum game.
Populations and productivity of each individual is constantly increasing.
So effectively when you put 10 marbles into the bag, you do pull out 12 or 13 eventually.
That is as long as you put the marbles into the bag called "growth".
You only lose marbles if you put them into the bag called "waste", "decadence", "corruption", "greed", etc.

That is has to be THE worst excuse for attempting to justify a central bank that extends credit from an empty vault and then charges interest on fiat currency created out of thin air. You are totally clueless...….
 
Well yes Lakhota .

The only way to get rid of billionaires would be to seize their assets, and if they resisted, to send in a SWAT team and murder them.

Is that your plan Lakhota , to send out SWAT teams around the US to seize all the assets of billionaires?

People have to commit a crime to suffer asset forfeiture!

Even if you pass a law banning billionaires, it would be ex-post-facto and NOT apply to those already beyond the limit, and thus they would be grandfathered in.

Have Fun Comrade.

Stalin_in_July_1941.jpg

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.
Elitist dictatorial / self-appointed ruling class politicians declaring voters can not be trusted to vote, setting up and running federal law-violating Sanctuary cities, declaring people should only be allowed to keep a percentage of THEIR own money, who violate both Constitution and law to overturn elections that do not favor them, lecturing others and demonizing other's wealth have no reason to exist, or at least be tolerated.

Think of all the good Bernie could do with those billions!

/—-/Yeah, lets get poor people to run things. What could possibly go wrong?
We've fucked up and allowed an aristocracy to form in America. The battle we had with the robber barons to wrest back control of the nation's economy has passed from living memory. Looks like we are going to have to do it again.

We've fucked up and allowed an aristocracy to form in America. The battle we had with the robber barons to wrest back control of the nation's economy has passed from living memory. Looks like we are going to have to do it again.
I suspect it’s too late. They control most of our institutions.

Good thread, but now the answer to why higher rates on the wealthy do not work.

Before it gets to deep in this thread, watch this short video on psychology. While it has to do with tax returns, it also explains succinctly why without a large return for taking a chance, everybody is going to shy away FROM THAT CHANCE! Humans are just HARD WIRED that way, plain and simple, so you must allow more ability to make profit than some of us would like, or you will get no risk takers!



But something like a 30% tax rate is not too high.
And the wealthy are only paying 15% or less now, because they use loopholes like the capital gains rate, exemptions for their mansion mortgage, etc.
We need to fix the tax system to remove loopholes, and a flat tax with a large flat individual exemption would do that, while keeping taxes 0 for those making the amount of the exemption or less.
Necrocracy: Letting Dead People Determine Our Future

Why tax the living when we can tax the dead? Are Americans afraid of ghosts? 100% inheritance tax will eliminate the need for any income or corporate taxes.

Only those who have been manipulated into hating their Daddies for not getting rich and spoiling them, or being able to pay for their college education, support the unearned privileges of HeirHead moochers. Such slavish peasants and unAmerican nobility should go back to the crumbling castles of Europe where they belong. Continuously ignoring all that proves that this whole thread is soaked in blueblood propaganda.


That's ridiculous. If you setup a 100% inheritance tax... why would I ever build an inheritance? And if I never build an inheritance... then what you are you going to tax?

Now to clarify, I will build an inheritance.... just not in the US, and not taxable under US law.

I would invest in Canada, and keep my wealth there, to pass onto my decadence.

Of course that means no jobs or corporations creating wealth in the US.... but that's what left-wing ideology does... keep the poor poor, and the rich leave.


No, many countries have very high inheritance tax, and investing in Canada does nothing to change the tax on US citizens even if invested in another country.
Sure a high inheritance tax takes the incentive out of building up a large estate, but the point is inheritance is inherently unfair. It is undemocratic for some to inherit and advantage over others.
It is immoral.
 
Socialism has nothing against people earning all the money they wants.
Socialism just means that people pay reasonable taxes on what they make, because it was expenditures by government that allowed them to make those profits in the first place.
In the US, wealthy are taxed at the 15% capital gains rate, which is too low.
In Europe, they are taxed more like 50%, and that seems to high to me, because there hardly is any incentive to make anything then.
The ceiling likely should be more like 35%?

I barter my skills and labor for paper script notes because FRNs have no intrinsic value (HJR-192).....why do YOU believe that this corporate entity that lamely disguises itself as a legitimate governmental body (owned by the IMF) is entitled to benefit from MY labor by stealing a percentage of it? Income taxes are collected by a Puerto Rican Trust #62 aka "the IRS". Stupid fucks like you believe that by confiscating the earnings at a higher rate that all problems would be magically solved.

So, here is today's lesson......so STFU, turn around and face the black board.

Since every Federal Reserve note is "borrowed" into existence with interest attached to every note? Where do the FRNs come from to pay the interest? You can't pull eleven marbles out of a bag that only contains ten.

Emphasis on "note", like a Promissory note, house note, car note.....Black's Law dictionary defines "note" as debt owed....an I.O.U.

All ventures or human activities grow.
They all cost some investment, but you always end up with more than you started, whether it is hunting, gathering, planting, manufacturing, information, etc.
It is not a big deal for someone to charge a small amount for maintaining currency, so that trade is facilitated.
Everyone who uses currency owes a little bit for that convenience.
Everyone who uses roads, fire protection, crime protection, invasion protection, etc., owes a little bit for that convenience.
Life is not a zero sum game.
Populations and productivity of each individual is constantly increasing.
So effectively when you put 10 marbles into the bag, you do pull out 12 or 13 eventually.
That is as long as you put the marbles into the bag called "growth".
You only lose marbles if you put them into the bag called "waste", "decadence", "corruption", "greed", etc.

That is has to be THE worst excuse for attempting to justify a central bank that extends credit from an empty vault and then charges interest on fiat currency created out of thin air. You are totally clueless...….

It not works, but is the most successful system anyone has ever tried.
Why do you think the US dollar is the world standard?
 
Socialism has nothing against people earning all the money they wants.
Socialism just means that people pay reasonable taxes on what they make, because it was expenditures by government that allowed them to make those profits in the first place.
In the US, wealthy are taxed at the 15% capital gains rate, which is too low.
In Europe, they are taxed more like 50%, and that seems to high to me, because there hardly is any incentive to make anything then.
The ceiling likely should be more like 35%?

I barter my skills and labor for paper script notes because FRNs have no intrinsic value (HJR-192).....why do YOU believe that this corporate entity that lamely disguises itself as a legitimate governmental body (owned by the IMF) is entitled to benefit from MY labor by stealing a percentage of it? Income taxes are collected by a Puerto Rican Trust #62 aka "the IRS". Stupid fucks like you believe that by confiscating the earnings at a higher rate that all problems would be magically solved.

So, here is today's lesson......so STFU, turn around and face the black board.

Since every Federal Reserve note is "borrowed" into existence with interest attached to every note? Where do the FRNs come from to pay the interest? You can't pull eleven marbles out of a bag that only contains ten.

Emphasis on "note", like a Promissory note, house note, car note.....Black's Law dictionary defines "note" as debt owed....an I.O.U.

All ventures or human activities grow.
They all cost some investment, but you always end up with more than you started, whether it is hunting, gathering, planting, manufacturing, information, etc.
It is not a big deal for someone to charge a small amount for maintaining currency, so that trade is facilitated.
Everyone who uses currency owes a little bit for that convenience.
Everyone who uses roads, fire protection, crime protection, invasion protection, etc., owes a little bit for that convenience.
Life is not a zero sum game.
Populations and productivity of each individual is constantly increasing.
So effectively when you put 10 marbles into the bag, you do pull out 12 or 13 eventually.
That is as long as you put the marbles into the bag called "growth".
You only lose marbles if you put them into the bag called "waste", "decadence", "corruption", "greed", etc.

That is has to be THE worst excuse for attempting to justify a central bank that extends credit from an empty vault and then charges interest on fiat currency created out of thin air. You are totally clueless...….

It not works, but is the most successful system anyone has ever tried.
Why do you think the US dollar is the world standard?

Because after the Bretton Woods agreement was broken by Nixon, they set up the "Petro Dollar" where by any country that wanted to by oil from OPEC had to do so in dollars. A deal that Nixon and Kissinger set with with Arab oil producers by promising military protection.
 
Well yes Lakhota .

The only way to get rid of billionaires would be to seize their assets, and if they resisted, to send in a SWAT team and murder them.

Is that your plan Lakhota , to send out SWAT teams around the US to seize all the assets of billionaires?

People have to commit a crime to suffer asset forfeiture!

Even if you pass a law banning billionaires, it would be ex-post-facto and NOT apply to those already beyond the limit, and thus they would be grandfathered in.

Have Fun Comrade.

Stalin_in_July_1941.jpg

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.

Elitist dictatorial / self-appointed ruling class politicians declaring voters can not be trusted to vote, setting up and running federal law-violating Sanctuary cities, declaring people should only be allowed to keep a percentage of THEIR own money, who violate both Constitution and law to overturn elections that do not favor them, lecturing others and demonizing other's wealth have no reason to exist, or at least be tolerated.

Think of all the good Bernie could do with those billions!

We've fucked up and allowed an aristocracy to form in America. The battle we had with the robber barons to wrest back control of the nation's economy has passed from living memory. Looks like we are going to have to do it again.

I suspect it’s too late. They control most of our institutions.

Good thread, but now the answer to why higher rates on the wealthy do not work.

Before it gets to deep in this thread, watch this short video on psychology. While it has to do with tax returns, it also explains succinctly why without a large return for taking a chance, everybody is going to shy away FROM THAT CHANCE! Humans are just HARD WIRED that way, plain and simple, so you must allow more ability to make profit than some of us would like, or you will get no risk takers!



But something like a 30% tax rate is not too high.
And the wealthy are only paying 15% or less now, because they use loopholes like the capital gains rate, exemptions for their mansion mortgage, etc.
We need to fix the tax system to remove loopholes, and a flat tax with a large flat individual exemption would do that, while keeping taxes 0 for those making the amount of the exemption or less.
Necrocracy: Letting Dead People Determine Our Future

Why tax the living when we can tax the dead? Are Americans afraid of ghosts? 100% inheritance tax will eliminate the need for any income or corporate taxes.

Only those who have been manipulated into hating their Daddies for not getting rich and spoiling them, or being able to pay for their college education, support the unearned privileges of HeirHead moochers. Such slavish peasants and unAmerican nobility should go back to the crumbling castles of Europe where they belong. Continuously ignoring all that proves that this whole thread is soaked in blueblood propaganda.


That's ridiculous. If you setup a 100% inheritance tax... why would I ever build an inheritance? And if I never build an inheritance... then what you are you going to tax?

Now to clarify, I will build an inheritance.... just not in the US, and not taxable under US law.

I would invest in Canada, and keep my wealth there, to pass onto my decadence.

Of course that means no jobs or corporations creating wealth in the US.... but that's what left-wing ideology does... keep the poor poor, and the rich leave.


No, many countries have very high inheritance tax, and investing in Canada does nothing to change the tax on US citizens even if invested in another country.
Sure a high inheritance tax takes the incentive out of building up a large estate, but the point is inheritance is inherently unfair. It is undemocratic for some to inherit and advantage over others.
It is immoral.


No, taking what isn't yours, is what is immoral. There is nothing... NOTHING immoral about building a legacy for your children. In fact, I would even suggest that it is immoral NOT to build a legacy for your children.

If you as a parent work your butt off to enjoy luxury and pleasure your entire life, and refuse to give any to your offspring.... you are disgusting disgrace of a parent.

And there is nothing 'undemocractic' about it. What does wealth have to do with democracy anyway? Nothing. There is no connection between the two. None.

Lastly, you say "many countries" have a high inheritance tax... what are you talking about?

Estate and Inheritance Taxes around the World | Tax Foundation

The US has the 4th highest inheritance tax in all of the OECD.

Canada has zero inheritance tax.

My point about Canada was if you are going to put in place a really large inheritance tax.... I would leave the country. I would invest in Canada... and stop being a US citizen, and when I die, I would pay ZERO inheritance tax, and my children would get all of it.

By the way, you do know that the number one reason given by people who revoke their US citizenship, is taxes... you know that right?

The anti-wealth Bernie types constantly point to the Nordic countries, as socialism that works..... right?

You know that the highest inheritance tax in all the Nordic countries is the Netherlands, with 20%, which HALF the US tax?

You know that Norway and Sweden have zero tax?

And maybe you missed it, but only 4 countries, have a higher tax. France, which is having economic problems, and yellow vest protests over taxes.... and Japan, which maybe you missed it, but Japan has a debt crisis. Apparently massive inheritance tax, hasn't exactly been a benefit to the national budget.

Maybe if the public had more money in their pocket, instead of sucked away by the government, they would have a more robust economy to reduce their debt-to-GDP.

So, no, your claim about other countries isn't not only not true, but looking at other countries shows that your system isn't all that much of a winner.
 
Well yes Lakhota .

The only way to get rid of billionaires would be to seize their assets, and if they resisted, to send in a SWAT team and murder them.

Is that your plan Lakhota , to send out SWAT teams around the US to seize all the assets of billionaires?

People have to commit a crime to suffer asset forfeiture!

Even if you pass a law banning billionaires, it would be ex-post-facto and NOT apply to those already beyond the limit, and thus they would be grandfathered in.

Have Fun Comrade.

Stalin_in_July_1941.jpg

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.
Elitist dictatorial / self-appointed ruling class politicians declaring voters can not be trusted to vote, setting up and running federal law-violating Sanctuary cities, declaring people should only be allowed to keep a percentage of THEIR own money, who violate both Constitution and law to overturn elections that do not favor them, lecturing others and demonizing other's wealth have no reason to exist, or at least be tolerated.

Think of all the good Bernie could do with those billions!

There is no specific requirement that a capitalist economy be dominated by a super-wealthy class of plutocrats with enormous unaccountable political power.
/—-/Yeah, lets get poor people to run things. What could possibly go wrong?
We've fucked up and allowed an aristocracy to form in America. The battle we had with the robber barons to wrest back control of the nation's economy has passed from living memory. Looks like we are going to have to do it again.

/—-/Yeah, lets get poor people to run things. What could possibly go wrong?
We've fucked up and allowed an aristocracy to form in America. The battle we had with the robber barons to wrest back control of the nation's economy has passed from living memory. Looks like we are going to have to do it again.
I suspect it’s too late. They control most of our institutions.

Good thread, but now the answer to why higher rates on the wealthy do not work.

Before it gets to deep in this thread, watch this short video on psychology. While it has to do with tax returns, it also explains succinctly why without a large return for taking a chance, everybody is going to shy away FROM THAT CHANCE! Humans are just HARD WIRED that way, plain and simple, so you must allow more ability to make profit than some of us would like, or you will get no risk takers!



But something like a 30% tax rate is not too high.
And the wealthy are only paying 15% or less now, because they use loopholes like the capital gains rate, exemptions for their mansion mortgage, etc.
We need to fix the tax system to remove loopholes, and a flat tax with a large flat individual exemption would do that, while keeping taxes 0 for those making the amount of the exemption or less.
Necrocracy: Letting Dead People Determine Our Future

Why tax the living when we can tax the dead? Are Americans afraid of ghosts? 100% inheritance tax will eliminate the need for any income or corporate taxes.

Only those who have been manipulated into hating their Daddies for not getting rich and spoiling them, or being able to pay for their college education, support the unearned privileges of HeirHead moochers. Such slavish peasants and unAmerican nobility should go back to the crumbling castles of Europe where they belong. Continuously ignoring all that proves that this whole thread is soaked in blueblood propaganda.




What a stupid post. People should not have the right to leave something to the ones they love? there is no love with you people... only jealousy, envy, spite, scorn, hubris, self importance, and many many more. You would let strangers in the Federal government dole out money to people they feel are deserving of help.... as if they were somebody. Yet the people who are closest to the need at hand need to be silenced, discounted, dis honored for a life lived and then called slurs? You sound much like a Marxist. next time check your stupidity at the door before you enter.. please. You put a 100 % tax on anything and people will go around it and give you the middle finger one way or the other.
 

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