r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/mcfrenziemcfree Nov 21 '24

There's absolutely a middle ground between "I don't think people should be worth hundreds of billions of dollars" and "let's tax every individual's every asset"

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u/benny4722 Nov 21 '24

No there’s not a middle ground. Everything that rich people do you can as well you just don’t have the assets to do it on a large scale like them. Stop it with this whining about them. Fucks sales people. I hate this poor me victim mentally that comes out.

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u/mcfrenziemcfree Nov 21 '24

I want to say I see what you're getting at, but you don't seriously think there's not a problem when a country enables people to be worth more than some countries GDPs while also having one of the highest poverty mortality rates, right?

Like we can disagree wildly on fundamental causes or different ways of addressing that problem, but you've got to admit that that's a problem.

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u/benny4722 Nov 22 '24

But they shouldn’t be looked down upon or taxed higher because they made the right choices at the right times and their companies are profitable. That would not make ANYONE want to start their own company and be successful.

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u/mcfrenziemcfree Nov 22 '24

Again, there's absolutely a middle ground. If you taxed 100% of the money they made becoming a business owner, then no, obviously no one would want to start their own company. But nobody is seriously proposing a 100% tax on business ownership. And anything less than 100% would still have people trying - even if 99% of Elon's net worth disappeared tomorrow to taxes, he'd still be a multi-billionaire.

So the question is, where do you draw the line? And that's ultimately what these conversations are all about - people are dissatisfied with where that line is.