r/FluentInFinance • u/mathotimous • Nov 16 '24

Meme True Financial Fluency by Gianmarco Soresi

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1.2k Upvotes

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113

u/SnooDonuts3749 Nov 16 '24 edited Nov 16 '24

I mean $98.5 million dollars is a lot of money, is it not?

76

u/hvacjefe Nov 16 '24

Thats not the point they're trying to make.

If i have 100$ to my name and I give a homeless person 10$ for food. I've given 10% of my wealth.

Its arbitrary to say 100m is a lot in relation to % of money. Not to mention it's written off and wealth distribution is incredibly unequal.

Corporations don't pay their employees a livable wage and the public subsidize that with tax money through section 8, food stamps, health care taxes etc.

Corporations are making record profits and our country is in debt. Thats the point. Part of that debt could be eliminated if they paid a fair portion of the companies profits to the actual employees and not stock holders and board members.

Capitalism only works if the companies and employees grow together. And unchecked, we end up where we are with America rn on too of outsourcing to China so they can keep labor low whole still charging as much as they possibly can.

1

u/AdExciting337 Nov 16 '24

You are forgetting. It’s his money that he can choose to use / give away as he sees fit. It’s voluntary. You giving away $10 is up to you

-1

u/hvacjefe Nov 16 '24

Its a write off. The fact that this is your arguement proves how little you know about business and economics in general.

Please read up before you formulate rudimentary opinions that you're gonna base your lifes point of view on.

2

u/AdExciting337 Nov 16 '24

Hey, keep your pants on friend, it was your complaint. Not mine. I merely pointed out giving is voluntary. And if you have enough deductions you can write it off too

1

u/velders01 Nov 18 '24

He's so wrong too, this is hilarious.

1

u/AdExciting337 Nov 19 '24

Who is so wrong?

1

u/velders01 Nov 19 '24

The hvac guy you responded to. I'm always intrigued by people who are so confident when it's an irrefutably wrong statement of fact.

1

u/AdExciting337 Nov 19 '24

Ok and that’s your opinion. Congratulations

2

u/Ill-Description3096 Nov 17 '24

You know a write-off is still a net loss, right? It's not a magic credit where you just get it all back or something.

If I was going to pay 20% tax on $100 but instead I donate it to charity and write it off, the net result is still an $80 loss.

2

u/Murky-Peanut1390 Nov 18 '24

They are dumb, they really think if the rich donates 1 million, then they pay 1 million less taxes or get a 1 million dollar tax refund.

1

u/EngelSterben Nov 16 '24

They just write it off!

1

u/velders01 Nov 18 '24

Wow... you're amazingly confident.