https://www.tmz.com/2025/02/13/bill-burr-says-billionaires-should-be-put-down-like-rabid-dogs/
I haven't found any drama yet but I'm sure reddit is
I haven't found any drama yet but I'm sure reddit is
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Fun game, ask lefties to explain exactly where the dollars that represent the wealth of billionaires are being held
If you were to confiscate their wealth, where would that money come from, where would you trace it back to
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Switzerland already answered this question and the answer was here is your tax bill, how you pay it is your problem, and in all the cases the billionaires managed to have the resources to figure out how to pay the amount of taxes, irrespective of the form in which their wealth was stored.
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I'm not talking about a 0.3% wealth tax Im talking about total confiscation so that billionaires no longer exist
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But nobody is actually pushing for the extreme of taking all of the wealth except for communist redditors? The extreme left of the extreme left echo chamber?
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umm i think we should liquidate billionaires
and their wealth too
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Why?
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cuz it'd be funny
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it won't.
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"um, akshually killing billionaires is not based"
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i think u need a good purging too
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This so much
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why do u hate me bb
im so hurt
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You don't have to confiscate anything. You just have to shoot them. Were you not paying attention?
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Leftists don't understand stock options
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smdh you crapitalists think ur so smart
sell off their stocks (duh) and now we have money to redistribute
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Just have the government buy the stock, stupid.
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The stock market? But also, largely, bonds, which is an issue the Federal Reserve is constantly trying to solve. The richest people in America genuinely do not spend their money like poors do, and coaxing them to at least invest it into the actual market is like THE THING the federal reserve is designed to ensure so the money supply keeps moving. When richoids get spooked the economy crashes. 1% of americans oen 97% of the american stock and bond market. And they still prefer their cash under their metaphorical mattress.
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True, butt something needs to be done about the abuses that happen at freeports
https://carolinas.tax/blog/the-secret-world-of-art-tax-havens-how-billionaires-use-freeports-to-avoid-taxes
TLDR freeports are these special customs zones typically at shipping ports where taxes dont apply. The uber rich exploit this by buying and selling goods within the port and not being taxed on the profit so long as the goods stay in transit/remain in a warejouse at the freeport. Bc of this theres warehouses full of expensive and beautiful fine art and literature that just sits in boxes remaining unseen being bought and sold multiple times over decades and supposedly there is no tax on any of that commerce.
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This sounds like a sovereign citizen bullshit loophole but I think they did this in an episode of white collar so I understand
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kinda, its like that butt it actually works and is done by smart/sophisticated people instead of lolbertarians
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Wherever you make money, it goes into your adjusted gross income, and a portion of that goes to the government. There's no avoiding that.
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capital gains is taxed differently than ordinary income tho, and thats taxed differently depending on if your funneling your profits through corporations. Also when it comes to capital gains there's a diffefwnce between realized and unrealized gains as well as being able to offset losses against them.
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Rich people have so much money they're stuffing their pillows with dollar bills!
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