It's quite logical to pay taxes when either you get dividends or you cash out your investments.However, why is their money not paying taxes like all other workers? Withholding for SS, medicare, unemployment, income (state and federal), etc.? Can the money unionize? Go on strike against the billionaires and seek better working conditions? Make it's own investments? Vote? Etc. All independent of the asshole it works for? Just curious. Or is the money simply a slave? — James Riley
It's quite logical to pay taxes when either you get dividends or you cash out your investments. If you own one stock you bought for 1 dollar and later someone is ready to 100 dollars for it, you will have that 100 dollars only when you sell the stock. Not when you are just holding on to it as then nothing has changed, you don't have income. And if it comes out that the whole company behind the stock was a ponzi scheme and in the end the actual prize is 1 cent, how would you think about paying taxes of a few dollars when it was valued 100 dollars?
It's actually quite similar to the farmer that barely makes a living and hardly makes an income after expenses equivalent to working at McDonalds, but if he would sell everything, the farm, the fields and the livestock he would be a millionaire. — ssu
When he sells his stocks (which, on a cursory glance, he just did) he will be subject to taxes you or I could never pay in many lifetimes. They don’t mention that. — NOS4A2
Not just other countries, you have the tax havens inside the US. Huge industry to hide the income.Some countries lure them and their money like a U.S. city giving Amazon a tax-free ride if they locate in town. The world is their oyster. I could go on. — James Riley
Yep. True wealth creation comes from using leverage. — ssu
Or to say it otherwise, people are sentenced into povetry when they don't have the ability to take loans for buying a house or starting a business, and/or the loans aren't affordable to be paid back by normal income. — ssu
Well, some call it tax planning. If it's legal, many people say it's just being smart and you are simply stupid if you don't take into account what is legal to do. — ssu
My view is that paying taxes and the tax system ought to be as simple, as transparent as possible so every bozo would understand it. — ssu
As if wealth can be accumulated to this degree without a state. The state giveth, the state can taketh. — Xtrix
One of the first pieces of legislation in the United States was the Tariff Act. — NOS4A2
As far as I can tell, never once has industry wanted laissez-faire, anyways. At best they wanted protectionism, at worst they wanted hand-outs and monopoly, but in each case they ran to the State for all of it. — NOS4A2
Anyways, that was a round-about-way of saying maybe abandoning laissez-faire isn’t the best idea—it hasn’t been tried yet. — NOS4A2
Y'know - the one who you constantly run apologetics for. — StreetlightX
The civil rights movement had many setbacks as well— a shame you weren’t around to tell them to give up. I’m sure they could have used the enlightenment of an Internet philosophy forum poster. — Xtrix
Imagine still being confused about how to vote. — Xtrix
Voting is like a needle: It's either scary or it's inconvenient. — James Riley
Those who can’t differentiate between parties simply want to sound intelligent, when in reality it’s intellectual laziness. — Xtrix
not at all a stupid comparison — StreetlightX
people voting for him regardless of how much he damage he causes. — StreetlightX
you’re the only one making it. — Xtrix
Goebbels is better than Hitler, so I'll throw my lot in with Goebbels" — StreetlightX
entirely projection. — StreetlightX
Get involved in philosophical discussions about knowledge, truth, language, consciousness, science, politics, religion, logic and mathematics, art, history, and lots more. No ads, no clutter, and very little agreement — just fascinating conversations.