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How could taxing the rich work?
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2020-09-28 at 10:56 PM UTCWouldn't they just move to a country with lower taxes?
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2020-09-28 at 10:58 PM UTCYeah like how every company is registered in Delaware and Ireland and then people complain how trump and Amazon don't pay taxes well no shit retards you just notice this now
Once you have enough money taxes are literally optional thanks to how the system is set up. And let's face it most of that money gets wasted anyways so does it really matterThe following users say it would be alright if the author of this post didn't die in a fire! -
2020-09-28 at 11:06 PM UTCProbably not but people are always saying we need to "tax the rich" I just don't know how that would actually work.
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2020-09-28 at 11:07 PM UTCwhen they say tax the rich , they mean folks makin over 30 g's a year,, ifn they were only gonna tax the folks makin over 100,000 then ide get on board with it
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2020-09-28 at 11:08 PM UTCThey should just have a luxury tax or whatever
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2020-09-28 at 11:34 PM UTCI don't think anyone in power seriously entertains the idea anyway - trying to tax them is tricky for the reasons you mentioned so I believe for the most part they just write off the lost revenue as the cost of doing business (most tax revenue comes from the middle class anyway) because economic dominance as geopolitical soft power is more valuable to the state anyway
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2020-09-29 at 12:50 AM UTC
The following users say it would be alright if the author of this post didn't die in a fire! -
2020-09-29 at 12:52 AM UTC
Originally posted by aldra I don't think anyone in power seriously entertains the idea anyway - trying to tax them is tricky for the reasons you mentioned so I believe for the most part they just write off the lost revenue as the cost of doing business (most tax revenue comes from the middle class anyway) because economic dominance as geopolitical soft power is more valuable to the state anyway
What do you mean? Is there an example you can give to help me understand? -
2020-09-29 at 12:57 AM UTCAll tax is theft.The following users say it would be alright if the author of this post didn't die in a fire!
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2020-09-29 at 1:01 AM UTCDoes anywhere really tax the rich?
I pay the top income tax rate. I'm the sole breadwinner and I don't own any property.
I also pay the same GST/VAT/Sales rate as mega-corporations.
And of course a lot of big companies get tax incentives to set up shop - governments subsidise big business as a matter of course. -
2020-09-29 at 1:01 AM UTCHopefully soon I'll make enough money that paying for a Singaporean condo will be worth it because of the tax savings.
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2020-09-29 at 1:02 AM UTC
Originally posted by rabbitweed Does anywhere really tax the rich?
I pay the top income tax rate. I'm the sole breadwinner and I don't own any property.
I also pay the same GST/VAT/Sales rate as mega-corporations.
And of course a lot of big companies get tax incentives to set up shop - governments subsidise big business as a matter of course.
How do you like it? -
2020-09-29 at 1:03 AM UTC
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2020-09-29 at 1:10 AM UTC
Originally posted by Obbe How do you like it?
I don't.
If I had my way GST/VAT/Sales, income, and corporate tax would be scrapped.
Taxes are a disincentive, so use them wisely. Don't tax people working hard and making more money. Tax them using land inefficiently (land tax) or polluting (carbon tax) or wearing down infrastructure (road taxes) etc. -
2020-09-29 at 1:11 AM UTC
Originally posted by Obbe What do you mean? Is there an example you can give to help me understand?
I mean, just as a general example -
The US allows Amazon to get away with paying virtually no tax. As a result:
1. Amazon has a significant competitive advantage, which at least in part has led to their market dominance.
2. Amazon stays in the US, subject to US law and the direction of US foreign policy.
In terms of how much tax revenue they DON'T get vs. the ability to control an entire market, it seems to me that the US government (or more specifically, financial and foreign policy establishments) is gaining significantly more than they lose. -
2020-09-29 at 1:13 AM UTC
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2020-09-29 at 1:30 AM UTC
Originally posted by rabbitweed Does anywhere really tax the rich?
I pay the top income tax rate. I'm the sole breadwinner and I don't own any property.
I also pay the same GST/VAT/Sales rate as mega-corporations.
And of course a lot of big companies get tax incentives to set up shop - governments subsidise big business as a matter of course.
Nice to be slave of the beast.
I don't mean to so sound crass but the whole system is fucked.
I think everyone should just stop paying them,don't consent for auto withholding,demand to get paid in full every week.
Find a side gig get paid in cash,pay in cash,buy gift cards for online shit FUCKEM. -
2020-09-29 at 1:32 AM UTCAmazon got tax rebates and paid no tax lmao, I mean taxpayer money is supporting American capitalism so can you really complain?
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2020-09-29 at 1:35 AM UTCThe following users say it would be alright if the author of this post didn't die in a fire!
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2020-09-29 at 1:43 AM UTCSure they are, when the only one who benefits is the executives lining their pockets with bigger bonuses every year that money stays in the 1% in a Caymen Island swiss bank account and doesn't trickle down.
They could survive just as well without help from the government but they take it because they can. It's completely different than countries with crown corporations like Canada Rail
