SheepKilla 473 Posted January 30, 2019 Share Posted January 30, 2019 1 minute ago, Ramza said: 10 million a year is nothing among the real rich people. This is true and proves Dumb Mike knows nothing. If you told the real elite you had 50 million, they would laugh at you. To them, it's nothing. To the government, it's also nothing. They go by billions and hundreds of billions. not 10 million. Dumb Mike's tax would send rich people overseas to avoid paying the tax. If he somehow managed to collect, it would fund government for 20 minutes of operations. Quote Link to post Share on other sites
McWicked 825 Posted January 30, 2019 Share Posted January 30, 2019 1 minute ago, Ramza said: Most rich people got there because they take huge financial risks, This is false. Most rich people today were born rich. Trump himself was making 200k/year when he was 3 years old in a tax scam. Quote Link to post Share on other sites
McWicked 825 Posted January 30, 2019 Share Posted January 30, 2019 1 minute ago, SheepKilla said: This is true and proves Dumb Mike knows nothing. If you told the real elite you had 50 million, they would laugh at you. To them, it's nothing. To the government, it's also nothing. They go by billions and hundreds of billions. not 10 million. Dumb Mike's tax would send rich people overseas to avoid paying the tax. If he somehow managed to collect, it would fund government for 20 minutes of operations. Did this happen in the 50's, 60's, and 70's when the tax rate was higher than it is now? You seem sure of yourself, so you've obviously read up on it. Link? Quote Link to post Share on other sites
SheepKilla 473 Posted January 30, 2019 Share Posted January 30, 2019 (edited) 6 minutes ago, McWicked said: Did this happen in the 50's, 60's, and 70's when the tax rate was higher than it is now? You seem sure of yourself, so you've obviously read up on it. Link? In those times there was no globalism and more patriotism. There was no inefficient bureaucracy. It was a different time. It's common sense Edited January 30, 2019 by SheepKilla Quote Link to post Share on other sites
McWicked 825 Posted January 30, 2019 Share Posted January 30, 2019 4 minutes ago, SheepKilla said: In those times there was no globalism and more patriotism. There was no inefficient bureaucracy. It was a different time. Yeeaaaahhh, that's a bunch of bullshit you just typed right there to hand-wave away why rich people being taxed 70+ percent marginal tax rate didn't run off to tax havens. Quote Link to post Share on other sites
Tears of the Cows 1,211 Posted January 30, 2019 Share Posted January 30, 2019 13 minutes ago, McWicked said: This is false. Most rich people today were born rich. Trump himself was making 200k/year when he was 3 years old in a tax scam. Link that most rich people today are born rich? what a fucking claim. Quote Link to post Share on other sites
Tears of the Cows 1,211 Posted January 30, 2019 Share Posted January 30, 2019 Even if they were born rich, did their family not work for it? Lmao now you’re not only jealous of people, but the family they’re were born into why does someone else being rich matter to you????? Quote Link to post Share on other sites
McWicked 825 Posted January 30, 2019 Share Posted January 30, 2019 3 minutes ago, ghostz said: Link that most rich people today are born rich? what a fucking claim. Rich kids are more likely to be successful than talented kids: https://www.nber.org/papers/w25114 https://inequality.org/research/selfmade-myth-hallucinating-rich/ https://www.quora.com/What-percentage-of-wealthy-people-in-the-U-S-had-wealthy-parents The likelihood grows with the parent's income. What, did you think the Walton kids just got their education and hopped out into the work force on their own making 50k/yr? Quote Link to post Share on other sites
SheepKilla 473 Posted January 30, 2019 Share Posted January 30, 2019 15 minutes ago, McWicked said: Yeeaaaahhh, that's a bunch of bullshit you just typed right there to hand-wave away why rich people being taxed 70+ percent marginal tax rate didn't run off to tax havens. you KNOW I'm completely right. This tax would fund this inefficient kleptocracy for a whole 2 days. Quote Link to post Share on other sites
McWicked 825 Posted January 30, 2019 Share Posted January 30, 2019 4 minutes ago, SheepKilla said: you KNOW I'm completely right. Link? Quote Link to post Share on other sites
SheepKilla 473 Posted January 30, 2019 Share Posted January 30, 2019 Just now, McWicked said: Link? "Current U.S. government spending is $4.407 trillion." https://www.thebalance.com/current-u-s-federal-government-spending-3305763 Quote Link to post Share on other sites
Mr. House 3,371 Posted January 30, 2019 Share Posted January 30, 2019 30 minutes ago, McWicked said: This is false. Most rich people today were born rich. Trump himself was making 200k/year when he was 3 years old in a tax scam. 10m in investment annually is a really small margin of money in today's economy. (So is a 10m salary for the top players) They have estates worth 100m+ for fuck sake. Trump also made the business he inherited bigger than it ever was, had to file bankruptcy on failed projects in the past, have to make 9 billion empire run annually that could crash and burn and end up ruining the man financially and other investors. If you want to fight tax frauds there are better ways to achieve that than a crazy tax marginal rate. You're only going to make the issue even worse. Quote Link to post Share on other sites
Tears of the Cows 1,211 Posted January 30, 2019 Share Posted January 30, 2019 16 minutes ago, McWicked said: Rich kids are more likely to be successful than talented kids: https://www.nber.org/papers/w25114 https://inequality.org/research/selfmade-myth-hallucinating-rich/ https://www.quora.com/What-percentage-of-wealthy-people-in-the-U-S-had-wealthy-parents The likelihood grows with the parent's income. What, did you think the Walton kids just got their education and hopped out into the work force on their own making 50k/yr? 21% lmfao. “Most” again, if someone is rich, why are you so mad about it? Quote Link to post Share on other sites
Tears of the Cows 1,211 Posted January 30, 2019 Share Posted January 30, 2019 Imagine thinking if someone has more than you...that you’re entitled to some of it. IMAGINE that thinking... but only if you’re the victim. Anyone poorer than mike and Jerry don’t get a dollar from them, don’t forget that. Quote Link to post Share on other sites
Mr. House 3,371 Posted January 30, 2019 Share Posted January 30, 2019 What matters is that we live in a society than can allow men to make their own fortunes. Mark Zuckerberg was a nobody, Bill Gates was a nobody, Steve Jobs was a nobody. Brilliant inventors and innovators of technology became giants. And it wasn't due to Government interference of their finances but an open market capitalist mentality. Fuck Jehurey and McWicked on this, I respect some of you guys opinions on politics at times but I can't give you this one. Go cry about income inequality some more, the only thing that matters is equality of opportunity. Which doesn't apply to your mentality on economics. Shameful, extreme socialist ideas. 1 Quote Link to post Share on other sites
SheepKilla 473 Posted January 30, 2019 Share Posted January 30, 2019 13 minutes ago, ghostz said: Imagine thinking if someone has more than you...that you’re entitled to some of it. IMAGINE that thinking... but only if you’re the victim. Anyone poorer than mike and Jerry don’t get a dollar from them, don’t forget that. But...but but you don't know how much 10 million is Quote Link to post Share on other sites
McWicked 825 Posted January 30, 2019 Share Posted January 30, 2019 28 minutes ago, SheepKilla said: "Current U.S. government spending is $4.407 trillion." https://www.thebalance.com/current-u-s-federal-government-spending-3305763 And that has what to do with rich people leaving America in the mid-1900's due to a 70%, and higher, marginal tax rate? Nothing at all? You're having a hard time finding anything because it didn't happen. Quote Link to post Share on other sites
McWicked 825 Posted January 30, 2019 Share Posted January 30, 2019 28 minutes ago, ghostz said: 21% lmfao. “Most” You don't know how to read charts. Quote Link to post Share on other sites
McWicked 825 Posted January 30, 2019 Share Posted January 30, 2019 Quote Link to post Share on other sites
SheepKilla 473 Posted January 30, 2019 Share Posted January 30, 2019 1 minute ago, McWicked said: Coulter is trolling. She wants to drum up support for DorkTez so Dems split. Look what's already happening with that Starbucks CEO that announced he would run. EVERYONE in the twitter feed comments is sayin this tweet is a trap. 4 minutes ago, McWicked said: And that has what to do with rich people leaving America in the mid-1900's due to a 70%, and higher, marginal tax rate? Nothing at all? You're having a hard time finding anything because it didn't happen. Again, it was a DIFFERENT time period, different society, different people, different government, different economic conditions. Now you can take a plane and be in another country within a day. What part of that don't you get? You're an idiot if you believe rich won't relocate based on higher taxes. They do it on a massive scale because they're not low IQ like most welfare recipients. Quote Link to post Share on other sites
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