The top 1% of earners is finally earning more than the entire middle class

[QUOTE=Norcaliblunt;14885705]This discussion only matters if we properly understand where that 1% money comes from.

Is it productive?

Is it casino economy shit?

No one ever does the break down accurately.[/QUOTE]

You were too lazy to read an article THIS short?

[QUOTE]This wealth accumulation has been primarily powered by investments in stocks and real estate.[/QUOTE]
It is not rocket science.

The ultra rich never lose when investing because

1 they can borrow against unrealized capital gains tax free

2 any losses on capital gains will be recognized in a year that reduces their tax liability

[QUOTE=Charlie Sheen;14885737]It is not rocket science.

The ultra rich never lose when investing because

1 they can borrow against unrealized capital gains tax free

2 any losses on capital gains will be recognized in a year that reduces their tax liability[/QUOTE]It always baffled me how you and I are assessed a property tax based on the value of our assets(our house), and we can't find a way to tax the assets of billionaires. Hedgefunds have 7/8 digit expense actuary departments to put dollar values on their assets to reel in investors all the time.

[QUOTE=Baller234;14885205]I bet you were in favor of shutting down the economy during Covid and telling small business owners they couldn't stay open.

This is your fault, vax boy.[/QUOTE]Do you think it was moreso that, or the continuous tax cuts for the rich while bolstering deficit spending in order to artificially inject inflation via our privatized FED system?

[QUOTE=Off the Court;14885652]Trump[/QUOTE]

lets be real, you didnt have a problem with any of the measures taken.... you defended all of it.


like any good run-along dummie does.


Thats you. Thats who you are. Thats who rrr3 is.


Face it. Jump out of it.

[QUOTE=ArbitraryWater;14885797]lets be real, you didnt have a problem with any of the measures taken.... you defended all of it.


like any good run-along dummie does.


Thats you. Thats who you are. Thats who rrr3 is.


Face it. Jump out of it.[/QUOTE]

Cringe.

[QUOTE=j3lademaster;14885795]Do you think it was moreso that, or the continuous tax cuts for the rich while bolstering deficit spending in order to artificially inject inflation via our privatized FED system?[/QUOTE]

I think only a special needs autistic sped would raise this question in the first place. Even if the government were to raise taxes on the 1%, that money isn't going in your pocket and it's not doing anything to decrease the wealth gap.

And that is beside the point. Anyone who was cheering on the covid shutdowns is in [B]zero[/B] position to complain about wealth funneling to the top.

Look in the mirror. This is your fault. Lefties need to own and accept it and STFU.

[QUOTE=Baller234;14885860]I think only a special needs autistic sped would raise this question in the first place. Even if the government were to raise taxes on the 1%, that money isn't going in your pocket and it's not doing anything to decrease the wealth gap.

And that is beside the point. Anyone who was cheering on the covid shutdowns is in [B]zero[/B] position to complain about wealth funneling to the top.

Look in the mirror. This is your fault. Lefties need to own and accept it and STFU.[/QUOTE]
He never even told you his position on covid

Why do you use autistic as an insult when you said you're autistic? Seems very strange

[QUOTE=Baller234;14885860]I think only a special needs autistic sped would raise this question in the first place. Even if the government were to raise taxes on the 1%, that money isn't going in your pocket and [B]it's not doing anything to decrease the wealth gap[/B][/QUOTE]That's 100% objectively false. A wealth tax is actually the number one way to control wealth gaps, so you literally can't possibly be any more wrong.

[QUOTE=Baller234;14885860]And that is beside the point. Anyone who was cheering on the covid shutdowns is in [B]zero[/B] position to complain about wealth funneling to the top.[/QUOTE] Why? How would staying open have prevented the transfer of wealth? Wouldn't the economy running normally have quickened the process, if anything?

[QUOTE=RRR3;14885864]He never even told you his position on covid

Why do you use autistic as an insult when you said you're autistic? Seems very strange[/QUOTE]All he has are NPC talking points. He can't go into depth on any of the 'whys' because he doesn't actually know anything.

[QUOTE=j3lademaster;14885794]It always baffled me how you and I are assessed a property tax based on the value of our assets(our house), and we[B] can't[/B] find a way to tax the assets of billionaires. Hedgefunds have 7/8 digit expense actuary departments to put dollar values on their assets to reel in investors all the time.[/QUOTE]

Can't or do not want to?

Lawmakers are not going to bite the hand that feeds them with a finely tuned taxed code. Biden's plan does not marry with the leaked stuff he said privately to his donors. In my eyes a wealth tax is fantasy. Never going to happen. It will be attacked with bullshit like the preying on public fear that it would not redistribute wealth rather it would shift it to foreign investors.

This is why I support expanding tax credits over a wealth tax. At least the EITC research showing a reduction in poverty provides some benefit. The most common argument against tax credits is the government picks winners and losers. No shit. At least the losers get [I]something[/I] through tax credits is my point of view.

Yes... they shut down small businesses during lockdown but Walmart, McDonald's, Amazon etc. we're all still in business and grabbed a huge chunk of market share. The plandemic worked to perfection.

[QUOTE=j3lademaster;14885871]All he has are NPC talking points. He can't go into depth on any of the 'whys' because he doesn't actually know anything.[/QUOTE]

Prove me wrong then.

Are you vaccinated? What was your overall opinion when it came to the Covid shut downs?

[QUOTE=tpols;14885914]Yes... they shut down small businesses during lockdown but Walmart, McDonald's, Amazon etc. we're all still in business and grabbed a huge chunk of market share. The plandemic worked to perfection.[/QUOTE]

He is saying the pandemic is disguising a fire that was already raging. Wealth redistribution to the 1% has been coming out of your pocket or your parents pockets for the last 40 years.

[QUOTE=Charlie Sheen;14885919]He is saying the pandemic is disguising a fire that was already raging. Wealth redistribution to the 1% has been coming out of your pocket or your parents pockets for the last 40 years.[/QUOTE]

Or one could argue that the pandemic was the equivalent of throwing gasoline on the fire.

[QUOTE=Charlie Sheen;14885919]He is saying the pandemic is disguising a fire that was already raging. Wealth redistribution to the 1% has been coming out of your pocket or your parents pockets for the last 40 years.[/QUOTE]
Yep. And neither party will do ANYTHING to address it. No matter who you vote for this will continue. Depressing stuff.