Why arguments against a 70% marginal tax rate for income over $10 million is absurd (look at all that money they'd STILL have):
@Ferretsyndicate No one should ever be taxed at those insane rates. Especially when there is more than enough money to go around just most of it is wasted on things we shouldnt be spending on (like military). Fix the budget, lower taxes for everyone, including the rich, and you get my support...
The billionaire defender has arrived...
@Ferretsyndicate Oh sorry, I thought you were someone who discussed things maturely. Wasnt aware your just going to use childish rhetoric rather than addressing the actual message. My mistake.
Let's look at the reverse: should anyone ever be able to be a billionaire?
@Ferretsyndicate normally I'd be more than happy to discuss that point, it would be a worthwhile point to discuss for sure.
But since you opened with clear immaturity I am more likely to think that it would just be a conversation involving me listening to you throw a temper tantrum on any point I might make that you would disagree with, rather than a discussion.
As such I'd rather just exit the conversation.
@Ferretsyndicate Refusing to have discourse with people who act immature and rude is not a rage quit. I wouldn't want to interrupt the little circle jerk you all have going there with opposing opinions. Continue...
I'm sorry higher taxes on Jeff Bezos makes you upset.
@Ferretsyndicate I've asked twice now to be removed from this conversation. Please do not tag me again.
Plz untagg me.
@Ferretsyndicate dear anyone who enjoys the beatles: george hamilton wrote a song complaining about marginal tax rates
@Ferretsyndicate Ypu can't take everything they have, though.
Sure you can.
@Ferretsyndicate You can, but it's a bad idea. They'll leave the country and go somewhere that doesn't take all their money.
So your argument is: they own us and we should back down.
That's hopelessness. Thanks but I'll pass--there are always solutions even if they haven't been found yet.
@Ferretsyndicate A graph diving each income between $0 and $12,000,000 into a "Take-home" portion (blue) and a "Maximum Taxes" portion (green).
A tiny box in the lower lefthand corner is labelled "Where 94% of US is".
A vertical dashed line at $10,000,000 crosses the graph. At this point, the "Take-home" income is a little over $6,000,000. Starting at this point, a narrow wedge below the bottom edge of the green line shows the difference in take-home income created between the former highest marginal bracket and the new proposed 70% marginal rate. The total height of this triangle is less than 10% of the take-home income at an income of $12,000,000, on the right edge of the graph.
If a project is valuable it can be funded in ways other than theft.
Yes, which is why we should stop capitalists from stealing the value of their worker's labor for profit--I agree.
@Ferretsyndicate That's not what people are usually arguing about when they argue about taxes, though...
They're arguing about what the tax dollars are going towards. Especially if it's a different "group" from their own.
@mdm @Ferretsyndicate exactly, I also avoid paying taxes when I can. Simply because then I can decide not to fund military and waste of money in subsidy of big corporations… then I can invest in local projects or put it to work for things I like. but it's also the question if you use the states money or our own.
This is what almost the entire discussion has been about since AOC suggested a 70% top income tax.
As far as what it's going towards: these tax raises are a means and an end: Having this much concentrated wealth is bad; it encourages corruption, distorts electoral systems, and drives up prices of high-demand commodities like housing and education.
And if ppl don't want more money going to the military from increased taxes? Cool. Defund the military and do something else w/ the money.
@Ferretsyndicate My favorite thing was some jag on twitter crunching numbers on this shit and saying that 27% of Warren Buffett's net worth would be wiped out in 50 years, like an 88 year old man will be alive in 50 years even if anyone gave a shit about that
@Ferretsyndicate Am I the only one that think that nobody should be able to earn so much? After a certain amount the economical power becomes political power i.e. goodbye democracy
@Ferretsyndicate Does this image have a source?
Ok, so disband the gov't and watch what the workers do.
Profit is the unpaid wages of labor.
@Ferretsyndicate counter-proposal: free infosec skill shares so everyone else can learn to hack that money. They could use it more effectively than the state, can't arrest all of us
Get on it. Simultaneously tax them into oblivion until that pans out.
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