Quote (Goomshill @ Apr 28 2025 06:10pm)

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

Quote (chudman123 @ Apr 28 2025 05:17pm)

making assets knowable and having a progressive tax system has nothing to do with country of origin or stealing, insider trading and money laundering.

You don't represent Trump well spewing racist BS, lol are you a schill for big money with what you are saying "steal from Americans and give to Mexicans"....I'm talking about taxing the elites and helping all working citizens? I voted for Trump, just optimistic that he could do something to bring accountability to not just illegal migrants but also the elites and we can re-orginize the country for it's people and not it's overlords.


you make Trump voters look bad dude

Quote (Goomshill @ Apr 28 2025 06:20pm)

You just said you want to give non-citizens a path to citizenship and give them the elite's wealth.
Sounds to me like you want to finance a foreign invasion by seizing the assets of every kulak who owns one more cow than his neighbor.

Quote (El1te @ Apr 28 2025 05:08pm)

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.

Quote (ofthevoid @ Apr 28 2025 06:44pm)

The thing is asset owners already are taxed for their assets.

You pay property tax already
You pay tax on dividends or interest income earned from stocks or bonds


Attaching another income tax on assets that're already taxed seems excessive. I disagree that this would encourage people to work harder. What would happen IMO is encourage consumption so you don't spill over into the next bracket where you'd get hit with higher income taxes. Idk, maybe i'm misunderstanding his point.

Quote (Goomshill @ Apr 28 2025 02:53pm)

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

Quote (ofthevoid @ Apr 28 2025 05:44pm)

The thing is asset owners already are taxed for their assets.
You pay property tax already
You pay tax on dividends or interest income earned from stocks or bonds
Attaching another income tax on assets that're already taxed seems excessive. I disagree that this would encourage people to work harder. What would happen IMO is encourage consumption so you don't spill over into the next bracket where you'd get hit with higher income taxes. Idk, maybe i'm misunderstanding his point.

Quote (thesnipa @ 28 Apr 2025 19:11)

let me introduce you to something called a trust. trusts can't die. and i think they'd skirt right around your scheme. or people would just create a business that own's their assets to skirt it.