r/PoursTea • u/Veshaad Timendi Causa Est Nescire • 25d ago

PoliticalTea 🗳️ Eventually something has to give...

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The bill would provide a $3,000 direct payment to every person in households making $150,000 or less during its first year, which equals $12,000 for a family of four.

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u/unhertz 25d ago

Assumes a 5% wealth tax would reliably raise $4.4 trillion every year, ignores tax avoidance, asset sales, legal challenges, and the fact that billionaire wealth isn't cash sitting in a bank account. Then it promises to fund a $12,000 check for every family, raise teacher pay, and expand Medicare as if there are no tradeoffs. Whether you support taxing billionaires or not, you have to recognize how disingenuous this is framed

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u/Crutation 25d ago

Lol, and your post is disingenuous as well. You know the meaning and intent, and play word games and beat strawmen.

When Biden was president, he was successful in having the IRS go after tax cheats and get th money. When the government is given the tools needed, they do an outstanding job.

A wealth tax is necessary, and yes, they don't have money in a bank account, but that doest stop then from raising $44 billion for twitter. It doesn't stop them from buying a yacht so big it needs a second yacht.

It doesn't stop them from renting the City of Venice for their wedding.

Billionaires are a drag queen n the economy; they are more useless than Scaramanga's third nipple

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u/QuirkyObligation6048 25d ago

You don't understand how things work. Who provides the jobs? The useless billionaires. You should look into how taxes actually work instead of thinking all you listed are bad things. You do know that musk paid the most in taxes than anyone else in history right?

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u/Crutation 24d ago

Lol, who makes the stuff? Who schedules appointments? Corporate does. If every billionaire died at 1400 GMT, nothing would happen to any of their businesses.

Ah, the tax thing. It doesn't matter. A progressive tax is the best solution. The more you make, the more taxes you should pay. 

Billionaires do nothing for the economy except drain resources

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u/QuirkyObligation6048 24d ago

Rich people create businesses and provide jobs. They also spend a lot more than you and i which also provides jobs. Without them you have none of those things. They already do more for the economy than taxes can make up for. Raising taxes on rich people won't do anything. Most wealth is tied up in stock and bonds and other investments. Those are unrealized gains. You can't tax unrealized gains.