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Billionaires are a threat to national security

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Post by Trapper Gus 2024-10-26, 09:52

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.
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Post by kingstonlake 2024-10-26, 10:21

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.

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Post by sεяεηιτλ 2024-10-26, 15:59

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?
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Post by AvgMSUJoe 2024-10-26, 17:30

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.
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Post by sεяεηιτλ 2024-10-27, 17:46

Billionaires are a massive threat to this country.

Billionaires are a threat to national security - Page 2 Eeeerr10
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Post by Trapper Gus 2024-10-27, 19:05

sεяεηιτλ wrote:Billionaires are a massive threat to this country.

Billionaires are a threat to national security - Page 2 Eeeerr10

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.
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Post by sεяεηιτλ 2024-10-27, 20:14

Trapper Gus wrote:
sεяεηιτλ wrote:Billionaires are a massive threat to this country.

Billionaires are a threat to national security - Page 2 Eeeerr10

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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Post by Robert J Sakimano 2024-10-27, 20:15

sεяεηιτλ wrote:Billionaires are a massive threat to this country.

Billionaires are a threat to national security - Page 2 Eeeerr10
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.
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Post by sεяεηιτλ 2024-10-27, 20:56

Robert J Sakimano wrote:
sεяεηιτλ wrote:Billionaires are a massive threat to this country.

Billionaires are a threat to national security - Page 2 Eeeerr10
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.
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Post by Trapper Gus 2024-10-27, 20:59

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.
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Post by sεяεηιτλ 2024-10-27, 21:06

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.
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Post by Trapper Gus 2024-10-28, 08:26

Billionaires are a threat to national security - Page 2 Scree302
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Post by GRR Spartan 2024-10-28, 10:19

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 Billionaires are a threat to national security - Page 2 983955289 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 Billionaires are a threat to national security - Page 2 983955289 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.
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Post by sεяεηιτλ 2024-10-28, 10:40

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 Billionaires are a threat to national security - Page 2 983955289 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 Billionaires are a threat to national security - Page 2 983955289 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
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Post by TravelinMan 2024-10-28, 10:45

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 Billionaires are a threat to national security - Page 2 983955289 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 Billionaires are a threat to national security - Page 2 983955289 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.

Billionaires are a threat to national security - Page 2 Images?q=tbn:ANd9GcQtcssWYQbKTNc1wuEnerO2fEmrRNLfig5TuQ&s
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