Billionaires are a threat to national security
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Robert J Sakimano
DWags
kingstonlake
TravelinMan
Cameron
sεяεηιτλ
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Re: Billionaires are a threat to national security
TravelinMan wrote:Trapper Gus wrote:
When they are being used to avoid taxes, yes, However, I'm fine with taxing unrealized capital gains at rate they should be taxed, namely the rate they would be taxed if they were ordinary income and not, as they are now, given ridicules preferential tax treatment, and yes, I would like the graduated income tax to discourage the hording of wealth by the super wealthy and corporations, which has been suppressing the economic growth in this country for decades.
Also, I would tax inherited stock on a cost basis, not on a market value basis, thus closing that tax avoidance loophole.
I guess you have no idea what I am talking about, as most Libertarians are so blind to reality that they don't.
I know exactly what you’re talking about. Keep typing, I’m losing respect for you by the sentence.
GDP growth was higher when top rate income taxes and corporate taxes were higher, because having deductions from profits when companies and people invested in improving productivity via capital investments & wages works very well at improving productivity.
GDP growth has been lower since corporations were given the easy out of improving their EPS via stock buybacks, and individuals were given the gift of extremely low tax rates on their last dollar earned.
Don't worry, my amount of respect for you has never changed.
TravelinMan likes this post
Re: Billionaires are a threat to national security
I think we all need to prepare for what this country will become over the next 20 years or so. Thankfully I’ll be at the end of my candle burn by then. My only job is to prepare and teach my kid how to maneuver and pull the levers of advantage for herself. Seize every opportunity to play by the rules that are set. Take advantage of everything legislated in your favor and don’t look back. Step on as many as you can to attain your goals in life.
We’ve now entered the stage of corporate America suppressing opinion. The next logical step will be those same people physically in government positions and setting policy.
We’ve now entered the stage of corporate America suppressing opinion. The next logical step will be those same people physically in government positions and setting policy.
kingstonlake- Geronte
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Re: Billionaires are a threat to national security
TravelinMan wrote:sεяεηιτλ wrote:
because it can directly convert "unrealized gains" to realized gains. But sure, treat other big assets the same way.
So can your house. Do you want to outlaw second mortgages?
Nope, I never said outlaw. You could have a graduated system that applies new rules to realized gains according to your tax bracket.
Is a billionaire taking out millions in spending money via a loan against current value of stock a realized gains or not?
sεяεηιτλ- Spartiate
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Re: Billionaires are a threat to national security
This is why every dbag who says flat tax or sales tax is a complete idiot or trying to dupe you... the tax code is complicated for a reason.
AvgMSUJoe- Geronte
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sεяεηιτλ- Spartiate
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Re: Billionaires are a threat to national security
Yes and it is already too late to save it, with them owning the Republican Party, about 25% of the Democratic Party and the federal courts, not to mention numerous states.
The frightening thing is there are peons like TM who don't really understand what is being done to them.
TravelinMan likes this post
Re: Billionaires are a threat to national security
Trapper Gus wrote:
Yes and it is already too late to save it, with them owning the Republican Party, about 25% of the Democratic Party and the federal courts, not to mention numerous states.
The frightening thing is there are peons like TM who don't really understand what is being done to them.
I remember a time when the right wingers and conspiracy theorists used to be against things like the illuminati, skull and bones, Bohemian Grove, etc, but now they've all been manipulated into becoming good little soldiers.
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Robert J Sakimano- Geronte
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Re: Billionaires are a threat to national security
I wonder if anybody's ever accounted for history in this type of thing, like what % of people that have a net worth of 100million or more came from a rich family that provided the original money to that individual from which to build on? That would be interesting and I'd bet it's a pretty high percentage. If it is, it really shows that through time we are essentially being ruled by the same people, the same families, the same oligarchs.
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Robert J Sakimano and Jake from State Farm like this post
Re: Billionaires are a threat to national security
sεяεηιτλ wrote:Robert J Sakimano wrote:
I bet if you asked, they'd tell you that they worked hard to get to where they are.
It's a cute little lie they tell themselves and others.. and, what's worse, some people believe them.
I wonder if anybody's ever accounted for history in this type of thing, like what % of people that have a net worth of 100million or more came from a rich family that provided the original money to that individual from which to build on? That would be interesting and I'd bet it's a pretty high percentage. If it is, it really shows that through time we are essentially being ruled by the same people, the same families, the same oligarchs.
There are still a number of descendents of people who have held power in the system of government and in a number in various companies, which in Detroit you only need to look at FoMoCo.
Re: Billionaires are a threat to national security
Trapper Gus wrote:sεяεηιτλ wrote:
I wonder if anybody's ever accounted for history in this type of thing, like what % of people that have a net worth of 100million or more came from a rich family that provided the original money to that individual from which to build on? That would be interesting and I'd bet it's a pretty high percentage. If it is, it really shows that through time we are essentially being ruled by the same people, the same families, the same oligarchs.
There are still a number of descendants of people who have held power in the system of government and in a number in various companies, which in Detroit you only need to look at FoMoCo.
Oh for sure, i bet the billionaire list is filled with "old money". The big tech folks are probably a major outlier as some are mega billionaires, but i bet old money far has them outnumbered in total billionaires.
sεяεηιτλ- Spartiate
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Re: Billionaires are a threat to national security
Patrick Soon-Shiong, billionaire owner of the LA Times overrules his editorial board and they announce they aren't endorsing a candidate for POTUS. Days later Jeff Bezos, billionaire of The Washington Post steps in and his newspaper announces they aren't endorsing a POTUS for the Nov 5 election.
Its time.
Its common knowledge the Putin was a KGB officer. President Putin has merged its successor Foreign Intelligence Service (SVR) and Federal Security Service for domestic surveillance (FSB) into Ministry of State Security.
Also common knowledge that Trump has a relationship with Putin. I think Trump was given a portion of the files Putin's State Security they've built on both newspaper owners and both have blinked after conversations with Trump.
There may be some transactional considerations ie future government contracts but my theory is Trump told both what he'll expose on them and /or spouses if they would allow their newspapers to endorse Harris.
Much like I suspect Lindsay Graham's 180 from Trump critic to Trump cheerleader is directly related to files on Graham who was once thought of as a Presidential hopeful that were provided by Putin.
Its time.
Its common knowledge the Putin was a KGB officer. President Putin has merged its successor Foreign Intelligence Service (SVR) and Federal Security Service for domestic surveillance (FSB) into Ministry of State Security.
Also common knowledge that Trump has a relationship with Putin. I think Trump was given a portion of the files Putin's State Security they've built on both newspaper owners and both have blinked after conversations with Trump.
There may be some transactional considerations ie future government contracts but my theory is Trump told both what he'll expose on them and /or spouses if they would allow their newspapers to endorse Harris.
Much like I suspect Lindsay Graham's 180 from Trump critic to Trump cheerleader is directly related to files on Graham who was once thought of as a Presidential hopeful that were provided by Putin.
GRR Spartan- Geronte
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sεяεηιτλ likes this post
Re: Billionaires are a threat to national security
GRR Spartan wrote:Patrick Soon-Shiong, billionaire owner of the LA Times overrules his editorial board and they announce they aren't endorsing a candidate for POTUS. Days later Jeff Bezos, billionaire of The Washington Post steps in and his newspaper announces they aren't endorsing a POTUS for the Nov 5 election.
Its time.
Its common knowledge the Putin was a KGB officer. President Putin has merged its successor Foreign Intelligence Service (SVR) and Federal Security Service for domestic surveillance (FSB) into Ministry of State Security.
Also common knowledge that Trump has a relationship with Putin. I think Trump was given a portion of the files Putin's State Security they've built on both newspaper owners and both have blinked after conversations with Trump.
There may be some transactional considerations ie future government contracts but my theory is Trump told both what he'll expose on them and /or spouses if they would allow their newspapers to endorse Harris.
Much like I suspect Lindsay Graham's 180 from Trump critic to Trump cheerleader is directly related to files on Graham who was once thought of as a Presidential hopeful that were provided by Putin.
Wouldn't doubt it, judging by the campaign he has run so far, trump is the dirtiest politician to ever play the game and likely has zero qualms blackmailing others into submission
sεяεηιτλ- Spartiate
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Jake from State Farm likes this post
Re: Billionaires are a threat to national security
GRR Spartan wrote:Patrick Soon-Shiong, billionaire owner of the LA Times overrules his editorial board and they announce they aren't endorsing a candidate for POTUS. Days later Jeff Bezos, billionaire of The Washington Post steps in and his newspaper announces they aren't endorsing a POTUS for the Nov 5 election.
Its time.
Its common knowledge the Putin was a KGB officer. President Putin has merged its successor Foreign Intelligence Service (SVR) and Federal Security Service for domestic surveillance (FSB) into Ministry of State Security.
Also common knowledge that Trump has a relationship with Putin. I think Trump was given a portion of the files Putin's State Security they've built on both newspaper owners and both have blinked after conversations with Trump.
There may be some transactional considerations ie future government contracts but my theory is Trump told both what he'll expose on them and /or spouses if they would allow their newspapers to endorse Harris.
Much like I suspect Lindsay Graham's 180 from Trump critic to Trump cheerleader is directly related to files on Graham who was once thought of as a Presidential hopeful that were provided by Putin.
TravelinMan- Geronte
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