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Apr 28 2025 03:06pm
honestly income tax is simply the worst because rich avoid, that's why I'm arguing custom


the income tax on the wealthy non-elites (whatever of us is below the M asset or power people connections that contribute to your personal statistical elite score) needs to be simple to not ruin folks but have wealthy people pay a little

then the elites need to be custom as to encourage industry and not destroy it and reign in all these evil things such as money laundering and market manipulations
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Apr 28 2025 03:07pm
Wealth taxes have been proposed many times by progressives and never has anyone found a workable idea. They are double taxation upon the same value, they can't be calculated on nonliquid assets or have the government seize real estate and stocks, they discourage people from being productive and encourage welfare leeching, and the #1 issue is that if one country does a wealth tax all their wealthy people will get the fuck out before their assets can be seized and now you're losing their income taxes, spending and brain drain and the country poorer for it.


I keep saying work with them on a custom low tax solution that results in slow drain of their NW over time for logical human investment, would be a safer better future for them as well.
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Apr 28 2025 03:08pm
The taxes are applied on income though and government demanding a higher tax amount simply because you own property for example could actually cause you to be broke. If you are going to force people to pay higher taxes because they also have property for example above some threshold you're basically going to force a whole lot of people to force liquidate.

To me this would actually discourage saving and encourage consumption. The US compared to the rest of the world actually has the opposite issue. We need more savings and less consumption, and this disincentives that.


I fail to see how this is a problem though, or how it's a unique problem from the present status quo.

Taxes already cause people who don't own property to be broke. If higher taxes causes property owners to be broke enough to have to sell property, how is that a uniquely bad thing? This is a very normal thing for the regular non-property owner. Their taxes then get reduced after they sell a property. And they're no longer broke, since they're swimming in cash from selling a property. I just don't see or relate to the sentiment of wanting to have your cake and eat it too - owning property and land but not paying more taxes because of it.

To me it seems like this would encourage people to actually work and be productive instead of owning properties and doing nothing all day. Higher tax encourages/forces people to actually work and generate value for the economy.

This post was edited by El1te on Apr 28 2025 03:12pm
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Apr 28 2025 03:14pm
don't want to get rid of the rich, want to drive them to do the right thing, the government is there to regulate for the people the companies can still exist just in a more logically controlled manner.

I think capitalism can work but this whole idea of "self regulated" and unlimited lobbing resulting in companies (and downstream hyper wealthy elite) owning everything including the law must change. That won't drive the elites away if you work with them to do this. Gotta be strong and work with the elites domestically if Trump is really a good prez, tarrifs and negotiating is great, negotiate with these elites too especially since he has more power over them than outside countries/people.
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Apr 28 2025 03:16pm
I fail to see how this is a problem though, or how it's a unique problem from the present status quo.

Taxes already cause people who don't own property to be broke. If higher taxes causes property owners to be broke enough to have to sell property, how is that a uniquely bad thing? This is a very normal thing for the regular non-property owner. Their taxes then get reduced after they sell a property. And they're no longer broke, since they're swimming in cash from selling a property. I just don't see or relate to the sentiment of wanting to have your cake and eat it too - owning property and land but not paying more taxes because of it.

To me it seems like this would encourage people to actually work and be productive instead of owning properties and doing nothing all day. Higher tax encourages/forces people to actually work and generate value for the economy.


this, 100% solid AF comment
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Apr 28 2025 03:38pm
So adding in legislation to change all asset ownership and completely change the tax system? yeah super easy.


Not to mention a whole new scheme of taxation, after it took over 40 years to lock down federal judges who challenged the first two taxing schemes introduced after The Civil War.
That's how we ended up at the 16th amendments source being "The Functions of Public Office" and expanded upon to nothing else.
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Apr 28 2025 03:53pm
I keep saying work with them on a custom low tax solution that results in slow drain of their NW over time for logical human investment, would be a safer better future for them as well.


The difference between sticking your dick in a toaster and sticking just the tip. Its a fundamentally unworkable policy that is more self destructive the larger you scale it up. You keep it small and it would be a smaller destruction, but still accomplishing nothing.

The simple fact you're skating around is that the top 1% of earners currently make about 26% of total taxable income and pay 46% tax rate, the next 50% earn 64% of income and pay 17% tax rate, and the bottom 49% earn 10% of income and pay no income tax at all. We already have a progressive tax system, where billionaires pay vastly disproportionately rates and half the country pays nothing. As communist revolutions in the past have found out so catastrophically, you can't feed your kids with the crumbs you loot from the aristocracy
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Apr 28 2025 04:02pm
The difference between sticking your dick in a toaster and sticking just the tip. Its a fundamentally unworkable policy that is more self destructive the larger you scale it up. You keep it small and it would be a smaller destruction, but still accomplishing nothing.

The simple fact you're skating around is that the top 1% of earners currently make about 26% of total taxable income and pay 46% tax rate, the next 50% earn 64% of income and pay 17% tax rate, and the bottom 49% earn 10% of income and pay no income tax at all. We already have a progressive tax system, where billionaires pay vastly disproportionately rates and half the country pays nothing. As communist revolutions in the past have found out so catastrophically, you can't feed your kids with the crumbs you loot from the aristocracy


that's why its custom for the elites, not to ruin or destroy but guide them

how else better to pay for a huge middle class (MAGA) tax break than to give non-citizens a path to citizenship and fully comprehend the elites wealth and slowly turn the faucet away from them and to the people?

without radical at home change that is centered around working people Trump will be a huge failure
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Apr 28 2025 04:05pm
also simplifying the justice system could potentially save the population of USA over 1 Trillion per year.

way less jails would be nice

mimic much more efficient justice systems is something Elon would have looked at if he was able to see past his blinders


Imagine a tiny amount of laws with very clear punishments, can't stop the end of the world as we Americans know it, without getting the justice system to work proper and be truly money blind
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Apr 28 2025 04:10pm
that's why its custom for the elites, not to ruin or destroy but guide them

how else better to pay for a huge middle class (MAGA) tax break than to give non-citizens a path to citizenship and fully comprehend the elites wealth and slowly turn the faucet away from them and to the people?

without radical at home change that is centered around working people Trump will be a huge failure


So you want to steal money from americans and give it to mexicans
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