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

[Concerned American]

Unfortunately, that is true. It is sad that in order for society to judge you as competent, you must spend a king's ransom to be indoctrinated, and be unable to twist a light bulb into a socket after graduating, but a person can learn a trade and actually produce something useful, and they are looked at as if they are somehow less.

It seems like the richest country in history would be able to provide higher education for all qualified students regardless of choice of subject. One of my friends received her MD in Armenia before the collapse of the USSR, and her education was entirely paid for by the state with an additional stipend for living expenses.

So is there a reason why you are not going there? Who's holding you back.

Now you know why the USSR collapsed.

 

[Concerned American]

So is there a reason why you are not going there? Who's holding you back.

How does that response affect the fact the richest country in history doesn't provide higher education to all qualified citizens?

If you are so enamored with these other countries and their wonderful way of life, I just can't understand why you are staying here. If you don't like it, please, by all means, go where it makes you happy. I am quite happy with this country and how it has been run.

 

[georgephillip]

Everybody loves corporations. Are you posting content on the internet without a corporation? What about the clothes you're wearing? The car you're driving? Everybody loves a corporation. They're kind of like doctors and lawyers, people like to hate on them until they need one.

Yet doctors and lawyers don't have the same potential to corrupt elections with dark money as corporations.

Why do you think rich people need more money?

Legal Heavyweights Say It's Time to Amend the Constitution | Law & Crime

"The fallout from Citizens United, over the course of the past nine years, has unleashed roughly two billions dollars worth of outside corporate spending into the American political system.

"And, since the court revoked the centerpiece provisions of McCain-Feingold along ideological lines in 2010, nearly half of that total spending has come in the form of undisclosed and untraceable so-called 'dark money.'"

 

[georgephillip]

it's always so cute seeing plebs fight for their masters. lol

Conservatives spent centuries killing and dying for the divine right of kings; today they display similar behavior for their corporate lords and masters.

 

[hadit]

Everybody loves corporations. Are you posting content on the internet without a corporation? What about the clothes you're wearing? The car you're driving? Everybody loves a corporation. They're kind of like doctors and lawyers, people like to hate on them until they need one.

Yet doctors and lawyers don't have the same potential to corrupt elections with dark money as corporations.

Why do you think rich people need more money?

Legal Heavyweights Say It's Time to Amend the Constitution | Law & Crime

"The fallout from Citizens United, over the course of the past nine years, has unleashed roughly two billions dollars worth of outside corporate spending into the American political system.

"And, since the court revoked the centerpiece provisions of McCain-Feingold along ideological lines in 2010, nearly half of that total spending has come in the form of undisclosed and untraceable so-called 'dark money.'"

Do you want to pay more for the things you buy? Take money from corporations and you will. You will never remove money from politics until you remove power from politicians, so good luck ranting.

 

[georgephillip]

define wealth. you still haven't explained what money you are referring to. Define it.

Wealth-Oriented Definition - ppt video online download

 

[Concerned American]

Everybody loves corporations. Are you posting content on the internet without a corporation? What about the clothes you're wearing? The car you're driving? Everybody loves a corporation. They're kind of like doctors and lawyers, people like to hate on them until they need one.

Yet doctors and lawyers don't have the same potential to corrupt elections with dark money as corporations.

Why do you think rich people need more money?

Legal Heavyweights Say It's Time to Amend the Constitution | Law & Crime

"The fallout from Citizens United, over the course of the past nine years, has unleashed roughly two billions dollars worth of outside corporate spending into the American political system.

"And, since the court revoked the centerpiece provisions of McCain-Feingold along ideological lines in 2010, nearly half of that total spending has come in the form of undisclosed and untraceable so-called 'dark money.'"

Can you say Clinton Foundation?

 

[Toddsterpatriot]

Through an annual general assembly the workers choose and employ a managing director and retain the power to make all the basic decisions of the enterprise.'"

Workers are free to buy a company and do whatever they'd like.
Better start saving your pennies.

 

[Toddsterpatriot]

So is there a reason why you are not going there? Who's holding you back.

How does that response affect the fact the richest country in history doesn't provide higher education to all qualified citizens?

We could do that.
Liberals would whine it was racist.

 

[Toddsterpatriot]

"The fallout from Citizens United,

It was awful!
Americans should not be allowed to criticize Hillary!!!

 

[Blues Man]

Are owners that allow employees profit sharing and part ownership capitalists

I think the problem stems from dividing society into owners and employees. Richard Wolff publishes regularly on this subject, and he offers Mondragon corporation as an example of a worker-self-directed enterprise:

Are workers’ cooperatives 
the alternative to capitalism? | International Socialist Review

"Mondragón was founded in 1956 and originally made paraffin heaters with a handful of workers, but over half a century later, it has developed into an economic giant.

"Today it is the seventh biggest Spanish company, employing over 80,000 people in financial, industrial, retail, and knowledge divisions, with over $19 billion of sales in 2012 and eighty-six subsidiaries in seventeen countries.

"According to Wolff, 'In each enterprise, the co-op members . . . collectively own and direct the enterprise. Through an annual general assembly the workers choose and employ a managing director and retain the power to make all the basic decisions of the enterprise.'"

and you are the one making that division.

The employer employee relationship is 100% voluntary.

 

[georgephillip]

BTW, how do you know what the rich pay in taxes exactly?

Did you bother perusing my link?

MARCH 19, 2021
No, the Rich Aren’t Paying Their Fare Share

"So, are the rich paying their fair share?

"We took a straightforward approach to that inquiry.

"First, we estimated the share of America’s total tax payments made by the wealthiest of the wealthy, the top .01 percent.

"A household in the top .01% is wealthier than 9,999 out of every 10,000 households..."

"To find the percentage of the total national taxes paid by the top .01 percent in a given year, we first multiplied the overall tax rate of the top .01 percent by the overall income share of the top .01 percent.

"This gave us the percentage of total national income paid by the top .01 percent in tax.

"We then divided that by the percentage of total national income paid by the entire population (top .01 percent included) in tax to get our final 'tax share' of the top .01 percent."

 

[georgephillip]

You think employers create homelessness? That’s not logical. Explain how that works?

You're confused about how capitalism works?

How Capitalism is the cause and cure for homelessness

 

[georgephillip]

it's a balance. One that you obviously don't understand because you seem to think that every business owner treats his employees like shit

"Balance" is a misleading term when employers enjoy the legal privilege to decide what to produce, where to produce it, and how to divide any surplus revenue. Capitalists control the political institutions and laws that regulate economic activity in the US, and capitalists are a very small minority of all American workers.

Worker Self-Directed Enterprises – A New Way of Thinking About the Workplace

 

[hadit]

BTW, how do you know what the rich pay in taxes exactly?

Did you bother perusing my link?

MARCH 19, 2021
No, the Rich Aren’t Paying Their Fare Share

"So, are the rich paying their fair share?

"We took a straightforward approach to that inquiry.

"First, we estimated the share of America’s total tax payments made by the wealthiest of the wealthy, the top .01 percent.

"A household in the top .01% is wealthier than 9,999 out of every 10,000 households..."

"To find the percentage of the total national taxes paid by the top .01 percent in a given year, we first multiplied the overall tax rate of the top .01 percent by the overall income share of the top .01 percent.

"This gave us the percentage of total national income paid by the top .01 percent in tax.

"We then divided that by the percentage of total national income paid by the entire population (top .01 percent included) in tax to get our final 'tax share' of the top .01 percent."

Give us a number. What's a "fair share"? If you can't, obviously you just mean, "more", no matter what they pay.

 

[georgephillip]

And the government has no business propping up students or banks.

The government's business is lowering the cost of living and doing business. Higher education is a prime way of doing that.

 

[dblack]

You think employers create homelessness? That’s not logical. Explain how that works?

You're confused about how capitalism works?

How Capitalism is the cause and cure for homelessness

Freedom sucks! Only the government can save us!

 

[Toddsterpatriot]

BTW, how do you know what the rich pay in taxes exactly?

Did you bother perusing my link?

MARCH 19, 2021
No, the Rich Aren’t Paying Their Fare Share

"So, are the rich paying their fair share?

"We took a straightforward approach to that inquiry.

"First, we estimated the share of America’s total tax payments made by the wealthiest of the wealthy, the top .01 percent.

"A household in the top .01% is wealthier than 9,999 out of every 10,000 households..."

"To find the percentage of the total national taxes paid by the top .01 percent in a given year, we first multiplied the overall tax rate of the top .01 percent by the overall income share of the top .01 percent.

"This gave us the percentage of total national income paid by the top .01 percent in tax.

"We then divided that by the percentage of total national income paid by the entire population (top .01 percent included) in tax to get our final 'tax share' of the top .01 percent."

"So, are the rich paying their fair share?

We don't tax wealth. Don't the whiney commie twats at Counterpunch know that? LOL!

"This gave us the percentage of total national income paid by the top .01 percent in tax.

What is the share of income they receive?
What is the share of federal income tax they pay?

• The share of income earned by the top 1 percent of taxpayers rose to 20.6 percent in 2014. Their share of federal individual income taxes also rose, to 39.5 percent.

Summary of the Latest Federal Income Tax Data, 2016 Update | Tax Foundation

 

[georgephillip]

Capitalism does not require corporations. For most of its existence, capitalism did not have corporations. Corporations themselves are an invention of the state through corporate law

When and where do you believe capitalism began?

East India Company - Wikipedia

"On 22 September 1599, a group of merchants met and stated their intention 'to venture in the pretended voyage to the East Indies (the which it may please the Lord to prosper), and the sums that they will adventure', committing £30,133 (over £4,000,000 in today's money).[19][20]

"Two days later, 'the Adventurers' reconvened and resolved to apply to the Queen for support of the project.[20]

"Although their first attempt had not been completely successful, they nonetheless sought the Queen's unofficial approval to continue.

"They bought ships for their venture and increased their capital to £68,373.

"The Adventurers convened again a year later, on 31 December, and this time they succeeded; the Queen granted a Royal Charter[13] to 'George, Earl of Cumberland, and 215 Knights, Aldermen, and Burgesses'[citation needed] under the name, Governor and Company of Merchants of London trading into the East Indies."

 

[Utilitarian]

Capitalism does not require corporations. For most of its existence, capitalism did not have corporations. Corporations themselves are an invention of the state through corporate law

When and where do you believe capitalism began?

East India Company - Wikipedia

"On 22 September 1599, a group of merchants met and stated their intention 'to venture in the pretended voyage to the East Indies (the which it may please the Lord to prosper), and the sums that they will adventure', committing £30,133 (over £4,000,000 in today's money).[19][20]

"Two days later, 'the Adventurers' reconvened and resolved to apply to the Queen for support of the project.[20]

"Although their first attempt had not been completely successful, they nonetheless sought the Queen's unofficial approval to continue.

"They bought ships for their venture and increased their capital to £68,373.

"The Adventurers convened again a year later, on 31 December, and this time they succeeded; the Queen granted a Royal Charter[13] to 'George, Earl of Cumberland, and 215 Knights, Aldermen, and Burgesses'[citation needed] under the name, Governor and Company of Merchants of London trading into the East Indies."

I mentioned this company in a different post. Government chartered companies like this one were the predecessors of corporations and wielded comparable power, although they also had certain liabilities that modern corporations usually don't.

The East India Company still had to act in the interests of the governments it worked with. Today, the process is often in the reverse. Corporations often have the power to get governments to do their bidding.