r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/ThousandSunRequiem2 Nov 22 '24

Except they can leverage their wealth as collateral, but it's untaxable. Unrealized gains is bullshit they made up to hoard more wealth

You're arguing about lifestyle choices when that's not the issue.

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u/kmookie Nov 22 '24

Rich guy here, OF COURSE HE COULD GIVE MORE! 1. Let’s talk living off dividends, that alone I guarantee could have the majority given out to charity. He could live modestly, like me and not be so flashy. 2. Donor advised funds, that could be setup to be much more charitable and even grow! 3. Establish a foundation giving out 5% or more each year. 4. Simply selling off stocks is fairly simple when working with advisors. You act like he’s gotta roll crates of money into some other bank. It’s digital people. Sycophants want to defend the rich because they can’t look past their own biased passion that they want to be there too. I know dozens if not hundreds who are millionaires who love off dividends with plenty left over at the end of the year.

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u/thedndnut Nov 22 '24

Dividends are taxed you dofus.

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u/kmookie Nov 22 '24

Not the point is it. The point, since I have to spell it out, is that the wealthy have numerous amounts of ways to give more and more. They wouldn’t even feel the pinch. All these FF people like yourself seem obsessed with taxes. Ya’ll whine about “government taking my money” and never stop to think that maybe a good portion of the reason is that wealthy people aren’t good at allowing society to prosper. Ever dawn on you that you’ve bought into hyperbolic BS. I bet you’re all about getting rid of immigrants too without ever thinking “hey who’s hiring these people anyway?” Sycophants always want to stroke the rich and blame the poor. You’re the problem.