Wealth Tax: Yeah! Why do Warren Buffett and Bill gates need so much money in their Trust?

[jc456]

child labor and sweat shops, damn straight, that slave labor and you seem to be fine with China continuing it. says all anyone needs to know about you.

Why did US and European capitalists discontinue child labor?

They noticed they were killing off the next generation of labor BEFORE it could reproduce.

Aren't you proud?

Child labor laws in the United States - Wikipedia

en.m.wikipedia.org

 

[dblack]

child labor and sweat shops, damn straight, that slave labor and you seem to be fine with China continuing it. says all anyone needs to know about you.

Why did US and European capitalists discontinue child labor?

They noticed they were killing off the next generation of labor BEFORE it could reproduce.

Aren't you proud?

Child labor laws in the United States - Wikipedia

en.m.wikipedia.org

That's nice of you to help george out. I think his googler is broken.

 

[jc456]

child labor and sweat shops, damn straight, that slave labor and you seem to be fine with China continuing it. says all anyone needs to know about you.

Why did US and European capitalists discontinue child labor?

They noticed they were killing off the next generation of labor BEFORE it could reproduce.

Aren't you proud?

Child labor laws in the United States - Wikipedia

en.m.wikipedia.org

That's nice of you to help george out. I think his googler is broken.

He’s a demofk, it goes with the territory,

thanks

 

[georgephillip]

Or is it smarter to bring their money into the country, use it to create jobs and the people who make that money pay taxes? I'll never figure ignorant fks like you out.

That's because you're not smart enough to notice how rich people don't bring "their" money into this country to create jobs. They use "their" money to fund stock buybacks and enrich parasitic shareholders.

The Divine Right of Capital

"In the worldview of corporate financial statements, the aim is to pay stockholders as much as possible, and employees as little as possible."

 

[georgephillip]

Oh and for you namsie pamsie demofks, A wealth tax already exists, it's called capital gains tax. read about it. fk the amount of stupid that flows out of a demofk is truly remarkable.

Capital gains tax income not wealth in the same way landlords pay income taxes on rental payments and property taxes on the underlying assets. Why should someone pay property taxes on a $100,000 house but not on an equal amount of stocks and bonds?

 

[Blues Man]

Or is it smarter to bring their money into the country, use it to create jobs and the people who make that money pay taxes? I'll never figure ignorant fks like you out.

That's because you're not smart enough to notice how rich people don't bring "their" money into this country to create jobs. They use "their" money to fund stock buybacks and enrich parasitic shareholders.

The Divine Right of Capital

"In the worldview of corporate financial statements, the aim is to pay stockholders as much as possible, and employees as little as possible."

Not true.

An employer knows that to keep the best employees he has to treat them the best he possibly can.

 

[jc456]

Or is it smarter to bring their money into the country, use it to create jobs and the people who make that money pay taxes? I'll never figure ignorant fks like you out.

That's because you're not smart enough to notice how rich people don't bring "their" money into this country to create jobs. They use "their" money to fund stock buybacks and enrich parasitic shareholders.

The Divine Right of Capital

"In the worldview of corporate financial statements, the aim is to pay stockholders as much as possible, and employees as little as possible."

sure they do if they are treated with respect.

 

[jc456]

Oh and for you namsie pamsie demofks, A wealth tax already exists, it's called capital gains tax. read about it. fk the amount of stupid that flows out of a demofk is truly remarkable.

Capital gains tax income not wealth in the same way landlords pay income taxes on rental payments and property taxes on the underlying assets. Why should someone pay property taxes on a $100,000 house but not on an equal amount of stocks and bonds?

they do, you should read up on how it actually works.

 

[georgephillip]

Tell us more about how awesome China is, george! Maybe we can talk about how well they handled COVID-19.

I don't apologize for the authoritarians in China the same way you crawl for rich corporate cretins, but China's single party command economy dealt with Covid far better than Trump:

Coronavirus: Japan's mysteriously low virus death rate

 

[dblack]

Tell us more about how awesome China is, george! Maybe we can talk about how well they handled COVID-19.

I don't apologize for the authoritarians in China the same way you crawl for rich corporate cretins, but China's single party command economy dealt with Covid far better than Trump:

Coronavirus: Japan's mysteriously low virus death rate

Well, just about anyone could have done better than trump. But China put people in cages. They sealed off victims to die. They persecuted, and prosecuted, doctors who tried to raise the alarm. And then they hid the seriousness of the disease, launching a worldwide pandemic on the rest of us.

Bottom line is, you DO apologize for authoritarians. You want the fucking state running everything. No thanks.

 

[Blues Man]

Tell us more about how awesome China is, george! Maybe we can talk about how well they handled COVID-19.

I don't apologize for the authoritarians in China the same way you crawl for rich corporate cretins, but China's single party command economy dealt with Covid far better than Trump:

Coronavirus: Japan's mysteriously low virus death rate

Yeah that freedom thing really sucks

You might like it better in China

 

[georgephillip]

Taxpayers not getting their monies worth anymore, so why pump money into something that is harming American minds instead of helping them ??

When do you think taxpayers got their money's worth from higher education?

The cost of college increased by more than 25% in the last 10 years—here's why

"(During the 1978-'79 school year" it cost the modern equivalent of $17,680 per year to attend a private college and $8,250 per year to attend a public college.

"By the 2008 - 2009 school year those costs had grown to $38,720 at private colleges and $16,460 at public colleges."

Higher education works better as a public rather than private good, imho. If government subsidizes schools, roads, and other forms of infrastructure it lowers the cost of living and doing business for all its citizens.

College is more expensive than it's ever been, and the 5 reasons why suggest it's only going to get worse

 

[georgephillip]

Well, property is the ultimate human right - starting with self-ownership. But besides that this is an excellent way to characterize a free market society. Government is controlled by, and services the interest of, the people (the economic system). Not the other way around.

The right to own property is one among many human rights, but I struggle to see it as "the ultimate human right" since capitalists who control our economic system routinely expropriate each worker's inalienable property right to what she has produced.

 

[Blues Man]

Taxpayers not getting their monies worth anymore, so why pump money into something that is harming American minds instead of helping them ??

When do you think taxpayers got their money's worth from higher education?

The cost of college increased by more than 25% in the last 10 years—here's why

"(During the 1978-'79 school year" it cost the modern equivalent of $17,680 per year to attend a private college and $8,250 per year to attend a public college.

"By the 2008 - 2009 school year those costs had grown to $38,720 at private colleges and $16,460 at public colleges."

Higher education works better as a public rather than private good, imho. If government subsidizes schools, roads, and other forms of infrastructure it lowers the cost of living and doing business for all its citizens.

College is more expensive than it's ever been, and the 5 reasons why suggest it's only going to get worse

College in so expensive because people have bought into the everyone has to go to college mantra.

 

[georgephillip]

Well shareholders provide capital.....they invest. They own part of the company....and if it's publicly traded, it's open to any person to own a part...even the employees...employees are greatly valued because without them there is nothing to sell on the market.

Shareholders who invest in an IPO (Initial Public Offering) provide capital to the corporation they are investing in, but 90% of "investing" is in the secondary market where none of the money changing hands goes to the corporation, yet those shareholders are privileged over the employees that actually produce the goods and services being invested in.

The Divine Right of Capital PDF | Marjorie Kelly

"The Power of Economic Aristocracy

"Today the stockholders who provide capital also claim most of the wealth that corporations generate as they labor under the guiding premise that they exist to maximize returns to shareholders.

"This law of the land is much like the belief in the 'divine right of kings' that was the law in feudal times.

"As the dominant paradigm in business, it is not questioned or controversial, though it should be."

 

[CrusaderFrank]

Or is it smarter to bring their money into the country, use it to create jobs and the people who make that money pay taxes? I'll never figure ignorant fks like you out.

That's because you're not smart enough to notice how rich people don't bring "their" money into this country to create jobs. They use "their" money to fund stock buybacks and enrich parasitic shareholders.

The Divine Right of Capital

"In the worldview of corporate financial statements, the aim is to pay stockholders as much as possible, and employees as little as possible."

So you agree we need to massively tax Buffett, Gates, Bezos, Dorsey, Zuckerberg, Soros and Bloomberg?

 

[dblack]

... capitalists who control our economic system routinely expropriate each worker's inalienable property right to what she has produced.

Really? Evidence? Everywhere I've worked it was a voluntary arrangement. No "expropriating". Sounds like you're just making shit up again.

 

[georgephillip]

We have a free market system....consumer capitalism is up the individual, certainly businesses try to practice that...and we are seeing more and more of that in the tech age, with Facebook, Amazon etc using search history etc

For the last hundred years American consumers have been preyed upon by a business community whose sole motivation is greater profits. Consumer capitalism stands a free market on its head since it substitutes contrived desires for human needs.

Consumer capitalism

"In 1919 Edward Bernays began his career as the 'father of public relations' and successfully applied the developing principles of psychology, sociology and motivational research to manipulate public opinion in favor of products like cigarettes, soap, and Calvin Coolidge.

"New techniques of mechanical reproduction developed in these decades improved the channels of mass-market communication and its manipulative power.

"This development was described as early as the 1920s by Walter Benjamin and related members of the Frankfurt School, who foresaw the commercial, societal and political implications."

 

[struth]

We have a free market system....consumer capitalism is up the individual, certainly businesses try to practice that...and we are seeing more and more of that in the tech age, with Facebook, Amazon etc using search history etc

For the last hundred years American consumers have been preyed upon by a business community whose sole motivation is greater profits. Consumer capitalism stands a free market on its head since it substitutes contrived desires for human needs.

Consumer capitalism

"In 1919 Edward Bernays began his career as the 'father of public relations' and successfully applied the developing principles of psychology, sociology and motivational research to manipulate public opinion in favor of products like cigarettes, soap, and Calvin Coolidge.

"New techniques of mechanical reproduction developed in these decades improved the channels of mass-market communication and its manipulative power.

"This development was described as early as the 1920s by Walter Benjamin and related members of the Frankfurt School, who foresaw the commercial, societal and political implications."

Not sure what you mean by "prey" the entire motivation of a business is to always make a profit, and to sell their service or product to a consumer.....why do you think people go in to business? To lose money???

 

[georgephillip]

What the fk are you babbling about?

son, learn you some economics

What do you know about financial statements?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Here’s the basic formula you’ll find on financial statements:

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"...some simple algebra.. show(s) that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)"