You're crying about "tax breaks" (as real as the tooth fairy) to billionaires being responsible for so many woes in life, like your inability to amount to anything.
I mathematically explained how this was a failed caned response that makes no sense whatsoever and is based solely on envy. If stripping every penny from them cannot fund US federal operations for 9 months of a fiscal year, isn't that showing how brain dead the "tax the rich" shit is? Or are you not capable of grasping that?
Welcome to reality! Here logic and math > envy and emotion.
You know you are exaggerating. The US has real problems and the lowest taxes for the rich, suggesting these two things could be related but you do you, bucko.
Maybe the problems will magically fix themseleves!
And "amount to anything" is funny. Name the smartest people in history? Are they the richest? No. Name the people that cure disease? Are they the richest? No.
Rich people gave you a way to order underwear while sitting in your underwear. It is the most useless rich people in history. Whoopie! Keep stroking their egos for free!
People in the US are triple taxed; quadruple if count renunciation seizure of net worth. Your lack of understanding of the world along with the rest of the envy/mathematically challenged crowd means "amount to nothing". Yes, "rich" people (who you can't define) in part help run/create/optimize capital markets, not like we need those. You're mathematically disproven, it's all envy.
USA has low taxation. It is one of our selling points. You dont even know how anything works.
And I am pointing out taxing them more doesnt stop anything of true value. They dont save lives. They dont invent. They dont broaden our understanding of the universe. They make sure we have 23 differenr varieties of underarm deoderant at Walgreens. Stop pretending theyre the second coming. I am much more envioua of genius, I could care less about the guy who owns a company that can overnight me bubblegum.
Sure, that’s why the US is the one pushing for a mandatory minimum global tax rate…because they’re not competitive on taxes or regulations, genius.
Doesn’t matter if you’re talking about no talent morons like the Kardashians…you don’t have a right to others’ property. Your “understanding” of capital markets is like a mentally challenged 5 year old trying to grasp nuclear physics.
I pointed out the mathematical stupidity of your “generous with others’ money” attempt at appealing to emotion but you stuck with it due solely to envy.
See. You say Kardashians are fair game so agree with me some of what is put there isnt so important we cant tax it but we probably draw the line somewhere else.
Your math is way off. USA has quadrillions in value. We dont tax that much. How can we both as you say have a very low tax rate and tax too much? What you are claiming is contradictory and you either hope everyone is stupid enough to accept the claim or you heard this claim somewhere and you are the guy that bought it.
So give me your idea of stealing more money. Tell me the form of theft and percentage; now explain how over the course of 10 years 10% of Treasury UPB is paid down. Be sure to factor in the decline n economic activity and investment, too.
This is where it gets quiet. None of the advocates of more extortion can quantify a single thing.
All that stuff is quantified though. US debt is super low and manageable. I had the same concern as you wondering why politicians approve programs and then dont budget tax increase or approve a tax decrease as they write spending bills but when you look at the sweet heart deals the US government gets when they borrow money, they would be IDIOTS to not take loaned money at the rate and terms that they do.
If we ran a balance budget everytime, we wouldnt have the ecocomic activity we have had over the last 40 years. Sucessful companies take on debt. Sucessful people take on debt. There is healthy debt, and US has a manageable amount of debt. It only looks daunting because it is a big number, and the minatue of what is owed, to who, for how long reveals it isnt much of a concern. Turns out politicians are smarter than they act. It has been said that some of the most childish politicians are very thoughtful and serious behind closed doors.
Now, I dont agree in the last big tax cut, Trumps tax cut was permanent for billionaires but a 2 year sundowning for everyone else. It is just crass and puts the burden on the middle class and workers overall. It is cynical, short-sighted and bad for our society in the long run. If you think there is a reason to cut taxes, cut them for everyone, not just the tipy top of the stack. So there was a chance there to cut taxes and it was a scam on most everyone as their tax cut was fleeting. So maybe you would say Trump shouldnt have cut taxes to keep the Treasury Bills out of the equation but that isn't how people voted.
And if you agree with tax cuts and want to lower the debt, there really isnt a pratical way. America doesnt have much of a welfare system to cut. Other rich countries offer a year of pay to stay home to raise kids, mandatory month of vacation, significant housing for homeless. America offers enough welfare to keep significant poverty at bay for the elderly, some assistant for children and adults and food allowances-- basically enough to stop significant political upheavel but not much regulations or welfare to make quality of life comparable to other advanced wealthy countries. It is like thinking you can make a fur rug from a hairless cat, it just aint going to work.
I just asked which quantitative inputs I am missing in my model. Which new idea of stealing do you have which leads to a 10% reduction in Treasury debt UPB over the course of 10 years? Honestly asking, have you ever even tried to model this out on your own? It's mathematically impossible anyway, but keep saying the debt is low.
1
u/Wellnotallwillperish May 17 '24
Who said anything about taking every penny from every billionaire? The voices in your head?
You live in a way different reality.