The core issue is that the chain of "buying stocks with money, selling stocks for money and using that money to buy other things" has been broken. People at those wealth levels no longer ever convert their assets into taxable liquidity. They aren't even paid in taxable money anymore.
A system was created where wealth at those levels is effectively tax exempt and nearly all financial interactions are done through tax exempt mechanisms.
It already been explained to you that it's not "taking their company away". Having to liquidate some of your assets to meet your financial (in this case tax) obligations is not "taking someone's wealth away".
And for the 100th mother fucking stupid fucking goddamned fucking time.
THEY NEVER FUCKING SELL THEIR STOCKS BECAUSE THEY DO NOT FUCKING NEED TO DO SO TO HAVE ACCESS TO SPENDABLE LIQUIDITY. They have effectively created a closed economic loop where they can spend whatever amount of money they fucking please, buy whatever the fuck they please without ever fucking having to pay any fucking taxes on basically anything.
Taxing the wealthy is not an attack on liberty.
And?
You pay property tax while owning a piece of real estate, and capital gains tax when you sell it.
This is how taxes work. You're calling for a special exception, based on nothing.
Oh noes, socialism.
Scary, people might actually enjoy civil liberty and an economy that exists to support them, not exploit them.
So are you against capitalism then? Because that's basically just a push to redistribute wealth, from the average person into the pockets of the people that own capital.
You'd think you'd be arguing against the status quo as strongly as you are against changing the status quo if it was purely about disliking redistribution. But you appear to have an issue primarily with distributing it away from somebody who's rigging the entire economy to ensure as much of it as possible goes into their own pockets. Perhaps you can explain that? Are you one of those temporarily embarrassed millionaires that we hear so much about when it comes to supporting the "American Way"?
When challenging a Kzin, a simple scream of rage is sufficient. You scream and you leap.
Originally Posted by George CarlinOriginally Posted by Douglas Adams
hey it beats whatever peyote you guys chew on in the lalaland you exist in.
most of us simply want the capitalist system you pretend to know or understand to function better for the most people. but hey let us know how communist Europe is while the rest of the world laughs at you.
Last edited by uuuhname; 2021-06-09 at 06:34 PM.
Great can i get back some of my decades old triple taxation on my car?
Once when i brought it, twice when i owned it (every year), thrice when i sold it.
and you are saying double taxation, for which its not, is bad....sure if i use your definition everyone else is double-triple taxed on things.
Buh Byeeeeeeeeeeee !!