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By reducing the amount that the people who benefit most (by orders of magnitude) from our society pay into it. Yeah. That sure sounds fair to me.
What an intelligent and viable solution!
You say that all the time.
Nice lie.
Wait, I thought you never said that?
That paper ignores people's capacity to pay.
Even the Bible recognizes that a poor widow's mite is a bigger ask than a wealthy person's contribution of a larger portion of their income. That was written two thousand years ago, but somehow conservatives still haven't come to the same obvious conclusion.
Our society is specifically set up to funnel money to oligarchs, and then they cry about having to contribute to that system? Boo fucking hoo.
If you actually read what I wrote you'd understand my point.
Nothing you said to me is a response to my post.
Try again.
Your peacocking value judgement is adorable, but irrelevant.
And I'll add back in the context that you're desperate to jettison.
Let's look at a situation that resembles the real world:
Elon Musk earns about $1.5 billion dollars/year with an estimated net worth of about $150 billion.
The median American income is about $70k/year with an estimated net worth of $193k
Musk should be taxed at 90% like we did for top earners during the biggest economic expansion in our nation's history.
And that wasn't my point; you're trying to change the argument because you know you're wrong.
I would love for you to point out where I said I wouldn't be willing to pay more in taxes. This accusation is a confession, it seems.
I'm done pretending you're a serious person arguing seriously.
Anyone can say "nuh-uh."
I also never said wealth was taxed. I said his income should be taxed (in response to your question).
You're misrepresenting my argument at every step like you always do. Your sealion question at the end is irrelevant; you have no idea how much I earn, and I'm not here to impress Internet strangers like you seem to be. Bet you're real close to that billion though if you keep grinding!
Bet it burns you up that you can't ban me from here.
Funny how you're always the only one who has trouble understanding me.
If I did would it change your mind?
If not, why should I bother? This isn't germaine, it's a distraction because you don't want to argue the actual point.
Would it change your mind?
If not, it's irrelevant. So why are you so hung up on that?
You're playing games because you don't want to discuss the actual issue.
Fair enough, I understand you'll lose the debate.
The irony burns
"buy borrow die" is totally income, dude. It's just not taxed, and step-up basis makes it worse.
The net worth is used to fund everyday expenses, it is effectively income.
I wouldn't be surprised if those loans are repaid without realizing the gain of the collateral. Step-up basis is a huge tax dodge, and tax dodge is theft from all the people who would benefit from the things those taxes could pay for.
The way the rich use loans as income is unfair. Therefore the rich do not pay their fair share.
If you agree the system is broken I encourage you to reconsider your prior statements about the rich not paying their fair share.
Rich people do a variety of shady stuff and keep it hidden (Panama papers), I wouldn't trust your lack of data points to mean it isn't a pervasive problem.
Yeah. Don't listen to this guy.
It really boils down to this: why would you go to bat for people who have more than you? They only get more by taking in more than they put out. This is called "maximizing profit."
At every turn, the people you're defending do not say "Neuromancer pays his fair share of x." They always look for ways to get you to pay the absolute most that you are willing and able.
It does not make sense for people like you to say millionaires "pay their fair share" when they only become wealthy due to exploitation of everyone else who has to work for a living.
The fact this needs to be explained to you really shows how unaware you are of the world you live in. If you're over the age of 18 and you still haven't figured these basic facts out, that means you're being taken advantage of left and right without even realizing it.
"A fool and his money are soon parted."