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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...

@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.

@freemo

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...

@freemo

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.

@Ferretsyndicate dear anyone who enjoys the beatles: george hamilton wrote a song complaining about marginal tax rates

@Ferretsyndicate You can, but it's a bad idea. They'll leave the country and go somewhere that doesn't take all their money.

@calzonesteve

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.

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@Ferretsyndicate

If a project is valuable it can be funded in ways other than theft.

@Opticbit

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.

@vv01f @mdm

So then lower tax rates on the working class and raise them on the rich. Or defund the military. Problem solved.

But somehow I think ppl opposing higher taxes on the rich has little to do with more money being available for the military.

@mdm

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 on a serious note, where do you think that taxed money is going to be spent? the government has more of the one-percent's money, now what? they're going to pay off their debts to other countries? they're going to use it to advance societal efforts? you wish

theyre gonna throw it around in military and other bullshit that you protest against too. the government cant take away from the 1% because it IS the 1%
@Ferretsyndicate and this isnt me talking anti-government. i want government to be smaller and more efficient, not totally gone. i want it to be responsible for how it uses its funds. right now governments are bigger than what they were made for and nobody's bothering to tell them they're going too far

@wowaname

Ok, so disband the gov't and watch what the workers do.

@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

@forAll52

Get on it. Simultaneously tax them into oblivion until that pans out.

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