LogFAQs > #958082646

MaddenDude-- posted...

If by "rich" you're referring to closing tax loopholes that allow billion dollar big business to get away with paying minimal tax, then yes, pretty much everyone agrees.

That's part of it.

But what ends up happening is marginal tax rates for upper bracket people increase. Again these are all people that already pay the highest tax rates of anyone else and is already paying their fair share. So claiming these people aren't paying their fair share is just lying and essentially fake news.

"The 25 richest people in the U.S. saw their wealth rise by $401 billion from 2014 to 2018, but they paid $13.6 billion in federal income taxes. That equates to a true tax rate of 3.4%, ProPublica said.

https://www.cbsnews.com/news/income-tax-wealthy-bezos-buffett/

That's just factually incorrect, sir.

And tax advantages for businesses honestly need to stay in place for small businesses to thrive. I'm talking about big business which needs to either pay its workers better wages and benefits or pay the government so the government can take care of those things.

Here's a wild idea... why not both?

I know everyone here gets all overly sensitive about this stuff. But if you threaten the middle class and upper middle class, they will simply vote the other way. These people are swing voters that will dictate the elections. So democrats, enjoy your power but if you start dividing your own base, its not going to end well. We're going to see Trump part 2.

https://www.forbes.com/sites/zackfriedman/2019/01/11/live-paycheck-to-paycheck-government-shutdown/?sh=6759aa734f10

https://www.businessinsider.com/broke-millennials-living-paycheck-economic-crisis-savings-spending-survey-2021-6

"Seventy percent of the generation said they're living paycheck to paycheck, according to a new survey by PYMNTS and LendingClub, which analyzed economic data and census-balanced surveys of over 28,000 Americans. It found that about 54% of Americans live paycheck to paycheck, but millennials had the biggest broke energy."

Maybe you can help me understand, because I truly do not get people that simp for rich people. Like, do you think you'll be Jeff Bezos one day, so in the off chance that you do find yourself with more money than can be spent over the course of several hundred lifetimes; are you hedging your bet so you won't have to pay higher taxes? Do you think Bezos and Musk only got to where they are because they worked really hard, and you've convinced yourself that making $40k a year is fine because one day you'll take over at the place you work and be a millionaire?

There are roughly 2,300 billionaires in the world, and those 2,300 people have more wealth than the bottom 4.6 billion. Billion, with a B.

So again, what is there to "get" about this? Why do you feel it's acceptable for the planets resources to be controlled by an increasingly small number of wealthy people? Like, surely you can see why that would be a very bad thing, right?

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Buying a game at release these days is basically paying to be a beta tester. -Me