poors of reddit upset at the notion that maybe squeezing all the money from billionaires 
isn't actually a sound economic policy
https://old.reddit.com/r/FluentInFinance/comments/1dko6bk/some_people_have_a_spending_problem_especially/?sort=controversial
Here's a funny bit where this r-slur things his bonus is taxed at a different (higher) rate (it's not, he's just r-slurred, it's withheld at a different rate, but at 25% not 45%)
R-slur trots out the "Billionaires don't pay any taxes" argument again, but this time someone points out how r-slurred he is
And finally, an r-slur who COMPLETELY misses the point of the simplistic meme and doubles down when it's explained to him (notice how the rational poster has like no votes)
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Voting should be tied to land ownership
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Nvidia should buy the federal government, 1 NVDA = 1 vote
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No. You'd end up with coomers and cryoto bros in charge.
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Giving pizza more votes is a terrible idea. !friendsofpizzashill
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knowing his spending habits he probably only owns fractional shares.
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He's also going to lose it all shorting pistachios.
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Citizenship should be tied to service, and voting and and land ownership should be tied to citizenship.
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I support voting tied to land ownership in exchange for the (objectively correct) form of taxation, which is a land value tax.
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No taxation without representation
No taxation without land
No representation without land
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Henry
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Yes, and all land should belong to the government.
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That last guy is literally βBut I did have breakfast today?β
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It's like he's conjured up some weird formula in his head where if you take 20% of something it is somehow more than 100% of something.
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I think he just fundamentally doesn't understand the difference between assets and income. Probably because he's always spent 110% of any money he's earned in his whole life so he's never had any real assets (like shares in a stock or mutual fund).
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I think they're actually overstating the usefulness of income. Seemingly something along the lines of "if they have $1,000, if we take $200 a year for the next 10 years we'll have gotten $2,000" without taking into account the $1,000 balance actually goes down.
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You mean the billiomares don't make 2.5 Trillion every year that we can collect as taxes?
Not like they invest the money in other shit (like technology) which increases liquidity, we should give it to DHS so they can hire 20 more political appointees that don't do shit because increasing consumption and contracts to government stapler manufacturers will make things better
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No he thinks billionaires make more money than they have saved, which is probably true for poors like him who live paycheck to paycheck.
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Those lucky duckies! Wouldn't you love to make $10k/year so you didn't have to pay income tax...
Sales what now?
Is there a name for when you cherry picked stats that show the opposite of what you intended? Hoisted by your own pareto?
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Smartest foid
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If they were smart, or even capable of being "saved" or improved, they would not be poor.
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I like the feudal Japanese concept of kiri-sute gomen in that I should be able to kill one if they offend me.
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I think she's actually a eurocel coping about America being the richest nation
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Also the entire discussion is about income tax misses wealthy people who don't work. Why is talking about the distribution of income tax payers even relevant?
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These hoes ain't on they capital gainset.
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Ok, let's include cap gains tax. How much do you think poor people are spending on cap gains every year in comparison to wealthy people? Don't you think that'll just make the percentage of contribution even more lopsided?
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why are you so mad/surprised that people who have almost nothing have almost nothing to contribute?
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As a fraction of my consumption I (relatively high income, relatively low wealth) am definitely paying a greater share than ultra wealthy people.
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I probably pay more in taxes every year than these r-slurred redditors will pay in their lifetime.
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Eurochads pay more taxes than you can even comprehend.
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Percentage wise, perhaps. But their wages are trash and they're poor, so not in absolute numbers.
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That's not really a thing, is it? I thought you get taxed based on your residence, not citizenship.
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I live in Europe.
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Ew
Pls be in northern Europe
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Oh sorry I cant read
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RIP
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This is why you offshore your money and remember to tip your accountant/tax lawyer every year
Ironically the gift is a tax write off
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Problem, IRS?
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TFW the sub called "bad economics" is more fiscally knowledgeable than the one called "fluent in finance"
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TFW /r/neoliberal was /r/badecon's shit post sub to dunk on /r/politics succs and now is full of /r/politics succs
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badecon is people with a background in economics clowning on Reddit knowledge. It's like badlegaltakes.
Some of the bad-whatever subs or accounts are insufferably smug, a lot are pretty good and radically centrist (because reality has a radically centrist bias
)
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Literally kill everyone who uses reddit
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lmao he thinks recalcitrant and ideological are 50c words. Bro is ngmi
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berniecels in shambles
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But investing it is the best thing possible, you literally make money on money and a 401k pays out much more than 40 years of social security payments. We could literally cut payments and nearly halve our tax spending every year if the boomers had been forced to 401kmaxx instead of pay SS, AND they'd have actual millions to pass on to their kids after they die. I cant imagine not maxing out a 401k contribution from an employer, its free money on top of free gains.
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Snapshots:
https://old.reddit.com/r/FluentInFinance/comments/1dko6bk/some_people_have_a_spending_problem_especially/?sort=controversial:
undelete.pullpush.io
ghostarchive.org
archive.org
archive.ph (click to archive)
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