The Final Nail in the Coffin for AOC?

[silentkisser]

The irony of somebody who doesn’t understand unrealized capital gains calling somebody else economically illiterate is delicious….

Here are the facts. Until Elon sells twitter, he hasn’t made a cent. He is, in fact, having to pay interest on the loan. Any money he makes as dividends from Twitter is taxed.

Governments avoid taxing businesses directly because, overall, it lowers tax revenue. By leaving money in the business, and writing tax laws such that they encourage businesses to keep money in circulation, governments collect more money indirectly from payroll taxes and sales taxes.

Yes, I know it is an unrealized gain. That's the problem. He is able to say that his shares are not worth anything until he sells the, but can use their value to buy massive companies. You don't see the problem here? It's not just Elon, obviously. This include the Bezos, Gates, Zuckerberg's and what not. That is an issue.

As for you thinking that businesses that got heft tax breaks are reinvesting in the business, that's just bullshit. They do stock buybacks and cut jobs. The reality is that some of the biggest employers are subsidized by the government for their shitty pay. How many Amazon workers are on government assistance like SNAP, even though they work full-time hours? And who is paying for that? It is the average joe, not the companies. Do you see the issue?

 

[Frankfooter]

Yes, I know it is an unrealized gain. That's the problem. He is able to say that his shares are not worth anything until he sells the, but can use their value to buy massive companies. You don't see the problem here? It's not just Elon, obviously. This include the Bezos, Gates, Zuckerberg's and what not. That is an issue.

As for you thinking that businesses that got heft tax breaks are reinvesting in the business, that's just bullshit. They do stock buybacks and cut jobs. The reality is that some of the biggest employers are subsidized by the government for their shitty pay. How many Amazon workers are on government assistance like SNAP, even though they work full-time hours? And who is paying for that? It is the average joe, not the companies. Do you see the issue?

Its amazing that someone will defend a nazi saluting guy who was a trillionaire for a while as being someone who can't afford taxes.

https://twitter.com/x/status/2103238584463659473

 

[roddermac]

I rest my case.

https://twitter.com/x/status/2104402036704092657

Resting is all you do. Try working a full day at a real job. Then see how much you support it.

 

[Frankfooter]

Resting is all you do. Try working a full day at a real job. Then see how much you support it.

Sounds like I'm in your head.

 

[PvtJoker]

Yes, I know it is an unrealized gain. That's the problem. He is able to say that his shares are not worth anything until he sells the, but can use their value to buy massive companies. You don't see the problem here? It's not just Elon, obviously. This include the Bezos, Gates, Zuckerberg's and what not. That is an issue.

As for you thinking that businesses that got heft tax breaks are reinvesting in the business, that's just bullshit. They do stock buybacks and cut jobs. The reality is that some of the biggest employers are subsidized by the government for their shitty pay. How many Amazon workers are on government assistance like SNAP, even though they work full-time hours? And who is paying for that? It is the average joe, not the companies. Do you see the issue?

Your post is a combination of stupid and naive. Musk/Bezos/Gates using their equities as collateral is the same thing as you or I use a HELOC. The only difference is scale. I suppose you think people should pay tax on the unrealized gains in their homes?

Yes, businesses are going to business. They are going to use some of their profits for things other than expansion. But good businesses are going to excess funds and expand, increase productivity, and the tax bases. This is the key thing that all you Marxists miss; Before wealth can be redistributed, it must be produced. Governments don’t produce wealth, academics don’t produce wealth. Businessmen like Musk create wealth.

As for shitty pay at Amazon, I fully support them forming a union and holding Bezos to account.

 

[PvtJoker]

Well put.

Its not hard to see the effects of growing poverty in Canada and america.
The challenge for larue is to admit that most of the poverty reduction has been happening (sort of) communist China.

https://twitter.com/x/status/1857797970244309179

Yes, it happened when China abandoned actual communism & implemented free market reforms. Now China, under Xi, is reverting to hardline Communism and their economy is starting to stall.

 

[Frankfooter]

Your post is a combination of stupid and naive. Musk/Bezos/Gates using their equities as collateral is the same thing as you or I use a HELOC. The only difference is scale. I suppose you think people should pay tax on the unrealized gains in their homes?

Yes, businesses are going to business. They are going to use some of their profits for things other than expansion. But good businesses are going to excess funds and expand, increase productivity, and the tax bases. This is the key thing that all you Marxists miss; Before wealth can be redistributed, it must be produced. Governments don’t produce wealth, academics don’t produce wealth. Businessmen like Musk create wealth.

As for shitty pay at Amazon, I fully support them forming a union and holding Bezos to account.

Imagine what it would be like if we were taxed like corporations.
We'd pay taxes on profit left after we spent on food, housing and living expenses.

 

[roddermac]

Sounds like I'm in your head.

Nah I'm in yours. You spend all day replying on this forum.

 

[Frankfooter]

Nah I'm in yours. You spend all day replying on this forum.

Took about 10 sec to reply.

https://twitter.com/x/status/2104839138507927737

 

[PvtJoker]

Imagine what it would be like if we were taxed like corporations.
We'd pay taxes on profit left after we spent on food, housing and living expenses.

Nothing stopping you. Start your own company, pay yourself with dividends. The only thing standing in your way is a complete lack of skill and aptitude….

 

[Frankfooter]

Nothing stopping you. Start your own company, pay yourself with dividends. The only thing standing in your way is a complete lack of skill and aptitude….

Right, because as a conservative you've already done it yourself.

https://twitter.com/x/status/2105062099152237021

 

[PvtJoker]

Right, because as a conservative you've already done it yourself.

I wasn’t the one that asked to be treated like a corporation. I’m content to enjoy the simplicity of being a worker (show up, do work for 8 hours, get paid, go home.) in exchange for being taxed as a worker. No need to worry about making payroll in months when I post a loss.

 

[Frankfooter]

I wasn’t the one that asked to be treated like a corporation. I’m content to enjoy the simplicity of being a worker (show up, do work for 8 hours, get paid, go home.) in exchange for being taxed as a worker. No need to worry about making payroll in months when I post a loss.

Right, so you are a failure by your own terms.

 

[PvtJoker]

Right, so you are a failure by your own terms.

Son, they major failure here is sitting in front of your keyboard.

 

[roddermac]

Son, they major failure here is sitting in front of your keyboard.

Watch how quickly he replies.

 

[Frankfooter]

Son, they major failure here is sitting in front of your keyboard.

like you?

 

[PvtJoker]

like you?

I’m not even in the same city as your keyboard. I mean that both literally and metaphorically….

 

[boobtoucher]

Nothing stopping you. Start your own company, pay yourself with dividends. The only thing standing in your way is a complete lack of skill and aptitude….

I do this, and I still advocate for higher marginal taxes.

Until you've been to an old money private island, or designed an underground garage for the "cottage Bently" you won't get it.

 

[MorningWoodGlory22]

I REALLY hope that AOC becomes the DNC candidate lmao! She will lose in spectacular fashion

 

[PvtJoker]

I do this, and I still advocate for higher marginal taxes.

Until you've been to an old money private island, or designed an underground garage for the "cottage Bently" you won't get it.

…you’re in an inflatable raft, that has an air leak, so everybody has to blow in to inflate it, but some asshole with a knife keeps poking holes in it so it leaks more air, then the asshole with the knife starts telling the people with the bigger lungs that they have to blow more, and then the asshole with the knife tells the people with medium lungs they have to blow more, and eventually everyone has an aneurysm from blowing so hard and they die and the boat sinks…. Everybody would have been just fine if they had fed the asshole poking holes in the boat to the sharks.

And there is the solution: feed tax and spend politicians to the sharks. Throw Bernie and the Titty Monster in the Gulf of America with some chum…..