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Thank God, I dont live in a socialst world like that.
This is why Warren and Bernie will never actually gain much traction, because the political capital needed for the shit die-hard progressives want, just isn't there.
When Warren was building her tax-the-rich efforts, she didn't actually try and figure out the economic impact of her efforts.
Man, people really want to murder some folk with that trolley.
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Wait... I'm trying to overcome the irony of you saying. That.
Nope, can't get past it.
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You literally said it.
The only one that's full of shit here is you, buddy. Like you saying I hate the wealthy or that I am an authoritarian. Both are factually incorrect, you know they are factually incorrect, and yet you sit here unironically making those calls. I've met dung heaps that smell better than your posts.
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Machismo crazy logic: "Hey, so people need water to survive!" Machismo proceeds to drown people "But you said they need water to survive!"
You've long ago left any civil discourse on the matter. Don't you think it's time to bugger off and... I don't know, talk to your dog or something?
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I replied to you roughly half a dozen times about this claim.
One more time.
The fundamental problem is that an economic system was created, intentionally, where they are never actually required to sell a single one of their stocks, but they still have access to as much liquidity as they want via zero interest borrowing. Furthermore through various other loopholes they can still write off even the little taxable liquidity they do access. The fact that categorizing stocks as un-taxable wealth would turn into a gigantic tax dodge has been noted since the moment we first categorized stocks as un-taxable.
Also, I've seen you pulling up the 401k comparison again after dropping it before.
One more time, for that too.
A stock portfolio and your 401k package are in no way comparable. How much untaxable income you can stash into your 401k is already limited by the government. There's a literal annual cap.
Last edited by Mihalik; 2021-06-11 at 03:55 PM.
No, you didn't. Because you can't. Becuase in that same quote I corrected myself and stated that I am indifferent to the wealthy. So when you fucking try to outsmart me, actually fucking read what I write... you are so full of it man, it reeks to heaven... go take a shower or something.
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You can take a loan against your stocks, your home, and your assets... just like them. Imagine buying a car, financing it, and having to pay the value of that loan as an income...
Should you be required to sell your house in order to get a loan?
Fuck no.
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I'm not the guy who didn't even know what income, salaries, and capital gains are.
I'm not the one who advocated for communism, nationalism, and thebstate takeover of all companies.
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And I have to pay an annual tax on most of those non liquid assets.
And if I can't do so, I have to liquidate some assets to pay those taxes.
Why the fuck are stocks intrinsically exceptional? What makes them such special fucking snowflakes?
I never said they'd need to sell their stocks to get a loan.Should you be required to sell your house in order to get a loan?
Im just saying stocks shouldn't be an untaxable asset if you can effectively treat it as a liquid asset.
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Their entire argument ts are based on a fundamental misunderstanding of basic economic principles.
That's like someone who doesn't know what an outnor an inning is... trying to mock people for not knowing about baseball.
Its not semantics, it's ignorance.
When they were corrected, they persisted with that false information.
That made them lies.
Not just the next pandemic. I'm looking at the mega drought that's hitting areas hard. (It's supposed to get worse) Conversely the weather in the south that is slated to be more extreme. The jet stream that kept the cooler northern air in the upper half of the US has weakened and tirnado alley is likely to be less an alley, and more a highway.. Another recession that will punch in predicted 4yrs from now.