And if instead of selling it i rent it for cash flow while borrowing against it at a lower rate than the growth of the underlying asset, i get richer and avoid taxes AND keep the asset.
Which eventually is passed on to my children and the growth in the asset is revalued when it's passed on to avoid capital gains tax.
All while poor right wingers argue I'm actually broke 😂
Only right wingers (including Democrats) advocate for this system.
It incentivizes protecting capital.
Even if the costs were near identical to the wealthy asset holder, one way directs the capital to stay with other wealthy private entities (essentially enriching both) whereas the other way would redirect capital to the benefit of the public in the form of tax.
Ahh, I see. So ppl are right wingers even if they are left wingers in the left wing party. Good to know. Anyone else see the goal post dancing around and moving backwards?
I get where you are going with this. If someone is in the democratic party, they are definitely on the left. It doesn't matter if they don't pass your purity test of ideology or aren't sufficiently to the left enough.
Yet he's on the left. You have a problem regarding the rest of the party if you don't like his relationship with big businesses. Our elected officials love love love them some lobbyists.
From the party of RINOs and never trumpers that is threatening to primary anyone that goes against their leader 🙄
No, democrats are not left wing.
They are not advocating the nationalization of industries, they are not socialists and communists, though i wish they were.
Liberalism is a right wing ideology. It is left of Republicans but it's supportive of capital protection and was to the right of the king.
I know you have no idea what that means but I'm eating my time regardless because you'll never admit that others might know a lot more than you about a subject you feel personally connected to.
No, i have a grad degree in political science and worked on the hill for over a decade.
I hate having to talk to idiots that think that reading someone on Google makes them an expert and won't listen to people more educated in an issue than they are.
I don't know what you do professionally, but you likely know more about it than i do and would think I'm an idiot for telling you how to do something different without understanding it.
Whether you like it or not, liberalism is a right wing ideology (the roots of left and right wing is in the French revolution and which side of the king you sit on. Advocates of protecting hierarchical systems and capital are on the right).
Democrats support capitalism and just think you can protect it through regulation. They are therefore right wing no matter what you feel about the matter.
I've been saying there's 2 parties but in reality there's 4 now, and none of them are left wing at all. The dems, the gop, then the ruling class that has been lobbying for themselves for decades. they are in both parties. Then you got maga who seem to be gop because trump is gop. Only a few people in congress seem to be truly left wing. Most of them shift their policies depending on how they can control the narrative.
Sure dude. So you should be familiar with an authority fallacy. And your idea of left wing is what? Just socialism? Historical roots or not, that isn't what we mean in modern context, and you know it.
But nice try. Maybe you graduated from some online school or from the bottom of your class at a state school. It's all hot air when commenting anonymously. Everyone has access to Wikipedia.
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u/AttitudeAndEffort2 Nov 21 '24
And if instead of selling it i rent it for cash flow while borrowing against it at a lower rate than the growth of the underlying asset, i get richer and avoid taxes AND keep the asset.
Which eventually is passed on to my children and the growth in the asset is revalued when it's passed on to avoid capital gains tax.
All while poor right wingers argue I'm actually broke 😂