1. #2281
    Quote Originally Posted by Machismo View Post
    The math disagrees with you.

    There's more than one set of taxes, the wealth tax would be on top of the other taxes.
    No it doesn't at all since you are using an specific example for which you have no real data on just a lot of assumptions.

    Go with the amazon twins example and it proves that the math disagrees with You!
    Buh Byeeeeeeeeeeee !!

  2. #2282
    Quote Originally Posted by Ivanstone View Post
    I already have and considered their thoughts. Actually I don’t have Lynsi Snyder’s but she is very reclusive because she doesn’t want to be kidnapped.

    In any event she doesn’t pay wealth taxes unlike the dozens of Billionaires who currently live in countries that require them to pay a wealth tax. Get their thoughts.
    Great, let's see their thoughts. You'll notice most of those wealth taxes went away, because they were shitty.

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    Quote Originally Posted by Zan15 View Post
    No it doesn't at all since you are using an specific example for which you have no real data on just a lot of assumptions.

    Go with the amazon twins example and it proves that the math disagrees with You!
    Yep, specific example, numbers provided.

    You want to force her to sell her own company.
    Quote Originally Posted by Knadra View Post
    Multiculturalism hurts and kills. This happened before Trump and it would be happening without him. Racism arises from a multicultural society. If we were monocultural, people would not see issues through the lens of race.
    This is a poster saying that people are at fault for being the victims of terrorism, because they are not white.
    Quote Originally Posted by Wilfire View Post
    I hate personal freedom because people abuse it like a shiny new toy.

  3. #2283
    I Don't Work Here Endus's Avatar
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    Quote Originally Posted by Machismo View Post
    Nope, but it ceases to be her company. See above, you want to force her to sell her company.
    Nobody would be forcing her to do so. If she finds other ways to pay her taxes, that's fine.

    And if she does choose to, so what? That's not a bad thing, in any way whatsoever. You keep acting like it is. "Oh no, a billionaire might sell some shares, the horror of it all!" Come the hell on. It's not spooky or weird or harmful for stock to be sold.

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    Quote Originally Posted by Machismo View Post
    Great, let's see their thoughts. You'll notice most of those wealth taxes went away, because they were shitty.
    Currently working just fine in Canada (BC), France, Spain, Netherlands, Norway, Switzerland, Italy, and Belgium, to cite current active examples.

  4. #2284
    Quote Originally Posted by Machismo View Post
    Great, let's see their thoughts. You'll notice most of those wealth taxes went away, because they were shitty.


    Yep, specific example, numbers provided.

    You want to force her to sell her own company.

    Oh please tell me how you have specific numbers when the company financials are private.


    I've already told you exactly how they can pay the tax each year without seeing a single dime in wealth disapate.
    Buh Byeeeeeeeeeeee !!

  5. #2285
    Quote Originally Posted by Endus View Post
    Nobody would be forcing her to do so. If she finds other ways to pay her taxes, that's fine.

    And if she does choose to, so what? That's not a bad thing, in any way whatsoever. You keep acting like it is. "Oh no, a billionaire might sell some shares, the horror of it all!" Come the hell on. It's not spooky or weird or harmful for stock to be sold.

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    Currently working just fine in Canada (BC), France, Spain, Netherlands, Norway, Switzerland, Italy, and Belgium, to cite current active examples.
    Like, what other ways?

    We're back to this.
    Quote Originally Posted by Knadra View Post
    Multiculturalism hurts and kills. This happened before Trump and it would be happening without him. Racism arises from a multicultural society. If we were monocultural, people would not see issues through the lens of race.
    This is a poster saying that people are at fault for being the victims of terrorism, because they are not white.
    Quote Originally Posted by Wilfire View Post
    I hate personal freedom because people abuse it like a shiny new toy.

  6. #2286
    Legendary! unfilteredJW's Avatar
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    Posters: painstakingly explain in detail their position, citing data and facts that show their position to be factually correct

    Machismo: shits on chess board
    Blessed are the fornicates, may we bend down to be their whores. Blessed are the rich, may our labor deliver them more.
    Blessed are the envious; bless the slothful, the wrathful, the vain. Blessed are the gluttonous, may they feast us to famine and war.
    What of the pious, the pure of heart, the peaceful, the meek, the mourning, and the merciful? All doomed, all doomed

  7. #2287
    Quote Originally Posted by Zan15 View Post
    Oh please tell me how you have specific numbers when the company financials are private.


    I've already told you exactly how they can pay the tax each year without seeing a single dime in wealth disapate.
    Nope, Endus provided the recent profit numbers, enjoy!!!

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    Quote Originally Posted by unfilteredJW View Post
    Posters: painstakingly explain in detail their position, citing data and facts that show their position to be factually correct

    Machismo: shits on chess board
    And she'd be taxed at over 100% of her income/profits, according to Endus' numbers.
    Quote Originally Posted by Knadra View Post
    Multiculturalism hurts and kills. This happened before Trump and it would be happening without him. Racism arises from a multicultural society. If we were monocultural, people would not see issues through the lens of race.
    This is a poster saying that people are at fault for being the victims of terrorism, because they are not white.
    Quote Originally Posted by Wilfire View Post
    I hate personal freedom because people abuse it like a shiny new toy.

  8. #2288
    Quote Originally Posted by Machismo View Post
    Great, let's see their thoughts. You'll notice most of those wealth taxes went away, because they were shitty.
    No I asked you to do it. I thought you would want a good real world example of billionaires being harmed by wealth taxes. Some countries still have Wealth Taxes (ex Switzerland). Some have gotten rid of theirs. Some have gotten rid of theirs but brought them back. I don’t know if they taxes were specifically shitty or if they were removed for shitty reasons. You’ll have to provide examples.

  9. #2289
    Quote Originally Posted by Machismo View Post
    And she'd be taxed at over 100% of her income/profits, according to Endus' numbers.
    oh no!

    oh well.

    you still haven't explained why that's skin off of anyone else's nose.

  10. #2290
    Legendary! unfilteredJW's Avatar
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    Quote Originally Posted by Machismo View Post
    And she'd be taxed at over 100% of her income/profits, according to Endus' numbers.
    This is a lie and can be summarily dismissed.
    Blessed are the fornicates, may we bend down to be their whores. Blessed are the rich, may our labor deliver them more.
    Blessed are the envious; bless the slothful, the wrathful, the vain. Blessed are the gluttonous, may they feast us to famine and war.
    What of the pious, the pure of heart, the peaceful, the meek, the mourning, and the merciful? All doomed, all doomed

  11. #2291
    Quote Originally Posted by Machismo View Post
    Nope, Endus provided the recent profit numbers, enjoy!!!

    And she'd be taxed at over 100% of her income/profits.

    Don't care if Jesus provided the numbers you got nothing if its all guess work.

    I already provided several examples for which we do have actual numbers and shown how easily they can afford the tax and still see substantial wealth growth.

    So again what is the problem if these people still see growth even after an increased tax bill?


    Somehow Bill gates has managed to give away tens of billions in stock, assets and cash to his charity while none of the doom and gloom you speak of managed to happen. His company was never taken away from him, his wealth grew and he was not bankrupted. The stock market did not crash, economic growth did not crater, MS stock continued to climb and the company managed just fine.

    So again what is the problem with the new tax?

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    Quote Originally Posted by Machismo View Post

    And she'd be taxed at over 100% of her income/profits, according to Endus' numbers.
    odd because based on the guesstimates of her net worth from 2018 to today, its over a 2 billion dollar growth so in fact the taxes would not be anywhere near 100% of her income/profits.

    Even though no one knows for sure her income/profits at all. Or even her estimated net worth for that matter.

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    Whelp i guess that is over.

    I think its time for this thread to end its just a circle jerk since we can't get any other real discussion going or even debating what could possibly be a better solution then a straight wealth tax.
    Buh Byeeeeeeeeeeee !!

  12. #2292
    I Don't Work Here Endus's Avatar
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    Quote Originally Posted by Machismo View Post
    Like, what other ways?

    We're back to this.
    Selling stock in other companies that I assume she holds. Sell other property she owns, like real estate or art. Using her immense income. Selling preferred stock in her company. I could keep going.

    Quote Originally Posted by Machismo View Post
    Nope, Endus provided the recent profit numbers, enjoy!!!

    And she'd be taxed at over 100% of her income/profits, according to Endus' numbers.
    You mean "a super rough guesstimate based on an estimate of In&Out's profit margins and another separate estimate of its rough revenue."

    And you're comparing a tax on her wealth to her income. If I work part-time as a librarian and make $20k/year, and inherit my great-grandpappy's $4,000,000 mansion, the 1% property tax on that will be about $40,000/year. Twice what I make. So I'm gonna have to sell that mansion, not live in it. And that $40,000 comes around again every year.

    This stuff already happens. It's normal practice. Why raise a stink just because it might be a rich person divesting themselves of some assets this time around?

  13. #2293
    Quote Originally Posted by Zan15 View Post
    I think its time for this thread to end its just a circle jerk since we can't get any other real discussion going or even debating what could possibly be a better solution then a straight wealth tax.
    I’m hoping he uses his time off to research the dozens of Billionaires who currently live in countries that require them to pay a wealth tax.

    They gotta be losing their shirts right?

    Although it seems that the only way to stop being a billionaire in this world is to die or getting convicted of fraud like Bernie Madoff.

  14. #2294
    Quote Originally Posted by Zan15 View Post
    I think its time for this thread to end its just a circle jerk since we can't get any other real discussion going or even debating what could possibly be a better solution then a straight wealth tax.
    Among his problems is his inability to admit he wants the wealth gap to grow larger.

  15. #2295
    The Unstoppable Force PC2's Avatar
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    Quote Originally Posted by Shadowferal View Post
    Among his problems is his inability to admit he wants the wealth gap to grow larger.
    Why should anyone care? The wealth gap could grow a trillion times larger than it is today and equality/relative metrics would still never matter. The only thing that matters is *absolute* metrics of improvement.
    Optimism! (HumanProgress.org)

  16. #2296
    Quote Originally Posted by PC2 View Post
    Why should anyone care? The wealth gap could grow a trillion times larger than it is today and equality/relative metrics would still never matter. The only thing that matters is *absolute* metrics of improvement.
    To repeat;
    Quote Originally Posted by Shadowferal View Post
    Take heart in the fact that a wealth tax is inevitable. I mean all "his" arguments" have alwsys been more about making the wealth gap bigger. And history has shown us twice in the past couple of centuries that such a thing destroys itself, with the wealthy literally killed.
    But since you ignore history and the lessons typically imparted...just don't act all surprised when it happens.

  17. #2297
    The Unstoppable Force PC2's Avatar
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    Quote Originally Posted by Shadowferal View Post
    To repeat; But since you ignore history and the lessons typically imparted...just don't act all surprised when it happens.
    A federal wealth tax is not on the horizon for the US so it's not an issue. Of course local property taxes exist but I don't think they can really go up much higher where I live, Democrats would lose key benefactors at that point.

    If other countries want to shrink the net worth of their wealthiest citizens then it's their prerogative. Rich people will simply move to and support countries that will help them grow their stake in their business instead of shrinking it.
    Last edited by PC2; 2021-06-15 at 11:00 PM.
    Optimism! (HumanProgress.org)

  18. #2298
    Quote Originally Posted by PC2 View Post
    A federal wealth tax is not on the horizon for the US so it's not an issue. Of course local property taxes exist but I don't think they can really go up much higher where I live, Democrats would lose key benefactors at that point.

    If other countries want to shrink the net worth of their wealthiest citizens then it's their prerogative. Rich people will simply move to and support countries that will help them grow their business instead of shrinking it.
    both of those are blatantly false and don't happen.

    They won't move and their wealth will not shrink. It would also take a couple decades of insane wealth taxes to even make up for what they gained through tax avoidance and wealth growth already.
    Buh Byeeeeeeeeeeee !!

  19. #2299
    Damn. Waited on a timer for the exact moment to get another 200 posts in. If we put in a wealth tax some of that should go to increased mental health care, it's no joke.

  20. #2300
    Quote Originally Posted by Endus View Post
    Apparently you missed the study at the start, which demonstrated people like Jeff Bezos paying zero income tax in certain years.

    0% < 14.6%.



    No "rationalization" necessary. Your position rests on an ought statement that I categorically reject. If she (or any other wealthy individual) can't afford their tax obligations, and have to sell part of their ownership of their business, that's how things work when you don't plan for your tax obligations. That's not the government's fault.

    There is absolutely no reason her ownership shouldn't fall into question. If she were sued and needed to pay off the decision against her, and her only asset was her ownership of In&Out, she'd be obliged to sell there, too. Same difference.
    Kinda hard to plan for tax obligations that didn’t exist when the company was founded…

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