Leftists are salivating - drooling - for a wealth tax

[Nuthin' Fancy]

Stay on topic. SS is indeed a ponzi scheme.

No, it isn't.
Republicans have been fed that BS, since Reagan 35 years ago.

When it was set up, it worked because you had something like 3 workers for every one person getting paid. SS relies on taking money from new investors ("workers") and giving it to the old investors ("retired folks").

Republicans made things worse by capping the millionaires and billionaires SS taxes to $184,500.

When you run out of, or don't have enough "new investors", the ponzi scheme fails.

They have plenty of $$$ for millionaire tax cuts.
But whine about the debt.

 

[mcswan]

You don’t tax gains
You tax transactions, just like you do on a sales tax.
Every stock transaction, tax one percent
Every money transaction…one percent

The wealthy will sit on their wealth, but they will move it around

The wealthy don't sit on their wealth, they invest it. Their cash is available for others to borrow and create their own businesses.

Even if they only buy multimillion dollar homes and yachts, they create jobs. People earn a living building and maintaining homes and yachts for billionaires.

 

[ColonelAngus]

Let us see the numbers, lefties.

Walk us though how Elon is economically BAD for the USA. BOTH GOVERNMENT AND PRIVATE CITIZENS.

Surely, you cannot be so effing stupid that TDS is the first filter you run every one of your thoughts through first.

PRETEND ELON WAS A HUGE BIDEN SUPPORTER…THEN EXPLAIN HOW HE IS GOOD FOR THE COUNTRY.

 

[LeftofLeft]

It came as no shock that once Musk became a Trillionaire on paper following the IPO of SpaceX, the likes of Elizabeth Warren and Bernie Sanders were out full force with their class warfare rhetoric trying to stir up class envy as a means for political gain.

Here you have two multimillionaires who have gotten rich largely on exploiting public office and taxpayer dollars or academia (Liz Warren) demonizing someone who has engaged in economic risk several times over to create wealth for workers and government.

The Mulitmillionaire liberal elite career politicians have created nothing of wealth for anyone except themselves and continue to grow their millions off the backs of hardworking American taxpayers.

 

[22lcidw]

Tax where the money is

View attachment 1268674

Democracy? Freedom?

 

[Dorian Mode]

We do not need to tax the rich more in order to fund the government, we need to stop the trillions in wasteful spending for stuff like Learing Centers. The left want more taxes because the whole party and base is involved in the myriad fraud schemes, and they want more. The rich, like Elon Musk, often provide useful things for society, OTOH the left is just one big parasite that provides absolutely nothing of value to the country.

 

[rightwinger]

Democracy? Freedom?

Freedoms just another word for nothing left to lose

 

[rightwinger]

It came as no shock that once Musk became a Trillionaire on paper following the IPO of SpaceX, t

Musk made hundreds of billions off of SpaceX yesterday
Not because SpaceX generated wealth
SpaceX has never turned a profit

Musk made money off of the greed of other investors.
It did not create jobs, it did not add to GDP, it did not benefit society at all.

 

[rightwinger]

No one is saying eliminate taxes. People are saying No to New Taxes because of irresponsible and out of control spending of taxpayer dollars as it is.

Spending on what?
A trillion dollar military?

Government needs to spend money on infrastructure, energy, schools, healthcare, the poor

Things that benefit society

 

[LeftofLeft]

Musk made hundreds of billions off of SpaceX yesterday
Not because SpaceX generated wealth
SpaceX has never turned a profit

Musk made money off of the greed of other investors.
It did not create jobs, it did not add to GDP, it did not benefit society at all.

You make these claims that jobs have not been created and no benefit to society. The IPO just happened - your claims can only be assessed over time.

As for “greed of other investors”, are you saying that by the very nature of investing, one is greedy?

 

[rightwinger]

You make these claims that jobs have not been created and no benefit to society. The IPO just happened - your claims can only be assessed over time.

As for “greed of other investors”, are you saying that by the very nature of investing, one is greedy?

I am merely commenting on the assumption that adding wealth means you actually produced anything or created jobs.

BIllions of dollars are made on Bitcoin but it has no value and doesn’t produce anything.
Money is made on Bitcoin because of greed

Same as how Musk made his money yesterday

 

[LeftofLeft]

Spending on what?
A trillion dollar military?

Government needs to spend money on infrastructure, energy, schools, healthcare, the poor

Things that benefit society

things that don’t benefit society are waste, fraud, and abuse..

$42 Million Johns Hopkins Research and Drive Social Change in Uganda.

-$20M for Fiscal Federalism in Nepal

-$18M for Biodiversity Conservation in Nepal

-$1.5M for Voter Confidence in Liberia

-$14M for Social Cohesion in Mali

-$2.5M for Inclusive Democracies in South Africa

-$47M for Improving Learning outcomes in Asia

-$14M for Improving Public Procurement in Serbia

-$422M for improving Political Process in Moldova

-$21M for Voter Turnout in India

-$2.3M for Strengthening Independent Voices in Cambodia

-$32M for the Prague Civil Centre

-$10M for Voluntary Circomscisions in Mozambique

-$40M to Improve the Inclusion of Sedentary Migrants

$520M for Environmental Consultation

 

[rightwinger]

things that don’t benefit society are waste, fraud, and abuse..

$42 Million Johns Hopkins Research and Drive Social Change in Uganda.

-$20M for Fiscal Federalism in Nepal

-$18M for Biodiversity Conservation in Nepal

-$1.5M for Voter Confidence in Liberia

-$14M for Social Cohesion in Mali

-$2.5M for Inclusive Democracies in South Africa

-$47M for Improving Learning outcomes in Asia

-$14M for Improving Public Procurement in Serbia

-$422M for improving Political Process in Moldova

-$21M for Voter Turnout in India

-$2.3M for Strengthening Independent Voices in Cambodia

-$32M for the Prague Civil Centre

-$10M for Voluntary Circomscisions in Mozambique

-$40M to Improve the Inclusion of Sedentary Migrants

$520M for Environmental Consultation

Save me your cherry picking Bullshit
Those things are less than a tenth of a percent of our budget

 

[LeftofLeft]

I am merely commenting on the assumption that adding wealth means you actually produced anything or created jobs.

BIllions of dollars are made on Bitcoin but it has no value and doesn’t produce anything.
Money is made on Bitcoin because of greed

Same as how Musk made his money yesterday

I disagree. Healthy Capital markets help create economic expansion and wealth over the long term. By wealth I am referring to the wealth created for a community when corporations build plants or expand and small businesses are created and the community enjoys an economic return. Or when a plant or corporation contracts or closes, it is healthy capital markets that help rejuvenate a community.

Taxes for roads and infrastructure play a key role as well but the greater weight is on Capital….. otherwise, you get bridges to nowhere which is waste, fraud, and abuse.

 

[Dorian Mode]

Save me your cherry picking Bullshit
Those things are less than a tenth of a percent of our budget

They're also less than a 10th of a percent of the ridiculous social programs started by the left for their money laundering fraud schemes. And please, keep going with your ideas for taxing wealth creators, you display just how much you know about wealth creation. Ask yourself why most of the world's countries do not produce these advanced industries or have an advanced economy. We don't need to tax people who innovate, we need to tax people who are just parasites. That is most of the dumocrap party.

 

[Dorian Mode]

I disagree. Healthy Capital markets help create economic expansion and wealth over the long term. By wealth I am referring to the wealth created for a community when corporations build plants or expand and small businesses are created and the community enjoys an economic return. Or when a plant or corporation contracts or closes, it is healthy capital markets that help rejuvenate a community.

Taxes for roads and infrastructure play a key role as well but the greater weight is on Capital….. otherwise, you get bridges to nowhere which is waste, fraud, and abuse.

If we want a great laugh, The GOP should raise the taxes on the billionaires by 1% and then spend all that money on programs that make the GOP much stronger and the dumocraps much weaker. Then wait for the cries of how taxation is theft.

 

[Woodznutz]

Tax where the money is

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I have $1.5 million in my savings accounts, but others are likely borrowing it for various purposes. If you are going to "tax the money where it is" you're going to tax the money these people have borrowed. How will that work? The borrowers are already paying interest on the money, now you want to tax it as well? And what happens when I want my money for retirement?

 

[rightwinger]

I have $1.5 million in my savings accounts, but others are likely borrowing it for various purposes. If you are going to "tax the money where it is" you're going to tax the money these people have borrowed. How will that work? The borrowers are already paying interest on the money, now you want to tax it as well? And what happens when I want my money for retirement?

Move money from your savings account to buy stock, pay a sales tax
Tax money when it moves

Just like a consumer sales tax
Only it is an investors sales tax

 

[Woodznutz]

Move money from your savings account to buy stock, pay a sales tax
Tax money when it moves

Just like a consumer sales tax
Only it is an investors sales tax

The rich 'sow' their money in hopes of a bigger yield. Those who receive that money, through wages, have the opportunity to save or spend it for their own benefit. No need to return it to the investor. For example, back in the day workers in U.S. auto plants usually bought the cars that they produced, until cheaper more efficient imports came along. Then the plant parking lots began to fill up with imported cars. Ironically, it was the top brass that first began this by buying luxury imported cars.

 

[rightwinger]

The rich 'sow' their money in hopes of a bigger yield. Those who receive that money, through wages, have the opportunity to save or spend it for their own benefit. No need to return it to the investor.

Good
Stuff your money in a mattress and you will pay nothing
Move it around and pay a small fee