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Jul 13, 2020 4:16 PM

Taxing my feelings

I'd be thrilled if billionaires payed even a similar percentage of their wealth in taxes as I do (instead of tax tricks for 0)

5 years ago | Likes 2 Dislikes 0

5 years ago | Likes 13 Dislikes 1

I doubt this is correct

5 years ago | Likes 28 Dislikes 1

It's not even close to correct.

5 years ago | Likes 7 Dislikes 0

How would that cover free college for everyone?

5 years ago | Likes 3 Dislikes 0

Ah yes, this is the same math that led people to believe that Mike Bloomberg's campaign spend could make every American a millionaire.

5 years ago | Likes 9 Dislikes 1

I'm deeply concerned that people don't seem to understand the difference between income, liquid assets, and non liquid assets.

5 years ago | Likes 14 Dislikes 2

Not everyone took a basic accounting class in college

5 years ago | Likes 1 Dislikes 0

Most people definitely don’t, but a wealth tax doesn’t necessarily care about liquidity. Artwork could even be included.

5 years ago | Likes 5 Dislikes 0

"Someday Im going to be a big shot and then people likae me better watch out!"

5 years ago | Likes 220 Dislikes 10

Post the clip when he tires out!

5 years ago | Likes 7 Dislikes 0

Don't forget to take care of that Boneitis.

5 years ago | Likes 1 Dislikes 0

The problem is that you can write laws all you want to tax Bezos. He will never pay it. It's small business owners that foot the bill

5 years ago | Likes 1 Dislikes 0

No one is literally suggesting Bezos pay for everyone's free college.

5 years ago | Likes 1 Dislikes 0

I get your point. But "small business owners" is used very broadly now. Particularly on the federal level. Both in name and tax code.

5 years ago | Likes 1 Dislikes 0

Facts don’t care about your feelings.

5 years ago | Likes 7 Dislikes 1

But it's a fact they feel entitled to have everything handed to them "JUST BECAUSE"

5 years ago | Likes 2 Dislikes 2

A tax of 4.7% of Bezo's current wealth, every year? That doesn't seem sustainable.

5 years ago | Likes 6 Dislikes 2

His net worth increases by far more than 4.7% a year.

5 years ago | Likes 4 Dislikes 1

That doesn't mean it's sustainable. Housing market bubble and Tech boom also grew rapidly for many years.

5 years ago | Likes 6 Dislikes 1

Its absolutely not sustainable. I'd say we've already passed the tipping point. But you never know without hindsight.

5 years ago | Likes 3 Dislikes 0

Wait until you hear about the tax bracket just for Rockefeller...

5 years ago | Likes 4 Dislikes 0

4.7% wealth tax to pay for just 1 year? If said wealth needed a decade to form, not 1 year, is it sustainable?

5 years ago | Likes 6 Dislikes 0

Probably for him considering his net worth went up 23% this year. Still, we could just tax all of them a few percent more.

5 years ago | Likes 1 Dislikes 0

Net worth is wobbly because it doesn't always (heck rarely even does) equate to actual cash, tends to be intangible value increases

5 years ago | Likes 2 Dislikes 0

Also, his value might be spiking since covid is causing reliance on his services, doesn't mean it'll carry through to next year

5 years ago | Likes 2 Dislikes 0

Raise income taxes as necessary, but wealth taxes basically mean your government is unsustainable to begin with

5 years ago | Likes 2 Dislikes 0

What would you think of a 0.001% sales tax on stock trades or transfers? With billions traded everyday, it'd add up to as much.

5 years ago | Likes 1 Dislikes 0

Net Worth does not equal compensation.

5 years ago | Likes 26 Dislikes 1

When net worth passes a certain threshold it should be up for special taxes too. No one makes a multibillion dollar company on their own.

5 years ago | Likes 3 Dislikes 0

Recognize here I'm still allowing for people to be fabulously rich, but acknowledging last a certain size private ownership is yucky.

5 years ago | Likes 2 Dislikes 0

How do you tax assets and holdings that don’t hold liquid cash value to be taxed?

5 years ago | Likes 1 Dislikes 0

You lose assets and holdings. You lose control of the company, etc.

5 years ago | Likes 1 Dislikes 0

I'm not saying it's trivial to do "fairly". But obviously we aren't dealing with Bezos if he gets to hold $100b in stock.

5 years ago | Likes 1 Dislikes 0

That's incredibly false

5 years ago | Likes 12 Dislikes 1

how do you know this?

5 years ago | Likes 2 Dislikes 2

Just do the math. 6% of his entire net worth is only like 9 billion. Which would maybe cover my sister and like 4 other people

5 years ago | Likes 2 Dislikes 0

9 billion only covers 5 people for college?!!?!

5 years ago | Likes 1 Dislikes 0

$400 textbooks. It all adds up

5 years ago | Likes 2 Dislikes 0

can confirm. i also have $780,000,000 in school debt. also mostly textbooks.

5 years ago | Likes 1 Dislikes 0

Lol people think stock options/assets = money that can be easily taxed. W5#uFguw5H8p

5 years ago | Likes 4 Dislikes 0

They can't, but we could put a 0.001% tax on stock trades and make billions per year. Everything else has a sales tax.

5 years ago | Likes 2 Dislikes 0

#guillotine2020

5 years ago | Likes 16 Dislikes 14

I'd love to live in a world where this math is correct. Everything would be so much simpler.

5 years ago | Likes 2 Dislikes 0

Why are we pushing for "free"? You don't appreciate things that are free. What's wrong with demanding reasonable tuition prices? Something

5 years ago | Likes 19 Dislikes 6

I never see people hold the college’s accountable for raising the tuition exorbitantly in the first place

5 years ago | Likes 4 Dislikes 1

Cheap debt means higher prices.

5 years ago | Likes 3 Dislikes 1

where a 4-yr degree can be paid off in less than 5 years and students don't have to work full-time during school to do it. Maybe even start

5 years ago | Likes 15 Dislikes 4

Free is a misnomer though. It's paying it forward, really. My taxes pay for people to get higher education (myself included if i want) (1)

5 years ago | Likes 5 Dislikes 0

Which in turn helps those people get better jobs to be taxes for the next. So on and so on. It's never free. But it helps improve society(2)

5 years ago | Likes 6 Dislikes 0

I'd prefer a small burden on each of us to make higher education more accessible to all than a large burden on those(3)

5 years ago | Likes 6 Dislikes 0

Who do get it. If people avoid higher or specialized skills becaus of personal wealth we are failing as a society. Long term benefits.

5 years ago | Likes 4 Dislikes 0

celebrating the value of trade school and admit that there's real social value in studying trade skills, not just philosophy or literature.

5 years ago | Likes 13 Dislikes 3

Incorrect, his annual salary (which is what gets taxed) is about $82,000 per year. You would need to create a wealth tax and take his stock.

5 years ago | Likes 16 Dislikes 5

...which would cause the value of the stock to tank, thus necessitating taking even more if it.

5 years ago | Likes 5 Dislikes 9

And frankly, his stock is doing extremely well right now. It's not very sustainable to do assume that will continue indefinitely.

5 years ago | Likes 4 Dislikes 1

Or a death tax and some creative problem solving.

5 years ago | Likes 2 Dislikes 0

Um no because part of that % is his ownership stake in the company not liquid assets.

5 years ago | Likes 40 Dislikes 2

I'm perfectly fine with the Amazon workers, not Jeff Bezos, having control over the company.

5 years ago | Likes 1 Dislikes 1

Stupid reality always ruining perfectly good ideas!

5 years ago | Likes 15 Dislikes 3

i'm all for liquidating jeff bezos, i've got a few spare microwaves i can canibalize for parts

5 years ago | Likes 2 Dislikes 0

"I'm gonna kill everyone who's richer than me!" Cried the pawn.

5 years ago | Likes 1 Dislikes 6

Those stocks are his ownership stake, by forcing sale of controlling interest a competitor could buy those assets giving them control.

5 years ago | Likes 2 Dislikes 0

You could make laws that force them to only sell to people who are less well off, but many of them, thereby spreading the stocks. I'm >

5 years ago | Likes 3 Dislikes 1

certain some clever economists can find a way to make it work. You only have to have the political will for that. But I only hear excuses >

5 years ago | Likes 3 Dislikes 1

for why the superrich should keep their money. Why do normal people want that?

5 years ago | Likes 3 Dislikes 1

Where did it say income tax? A 4.7% wealth tax would do exactly what the post is saying.

5 years ago | Likes 7 Dislikes 11

So businesses would be forced to liquidate 4.7% of their business every year to pay taxes? What happens if they can't? I mean, nobody...

5 years ago | Likes 4 Dislikes 1

...would actually buy any of it since *they'd* turn around have to immediately liquidate it.

5 years ago | Likes 4 Dislikes 1

Naw, 4.7% of Bezos' 188 billion is only $8.8 billion per year. College is like $534 billion a year in the US.

5 years ago | Likes 7 Dislikes 1

This person needs high-school algebra. 4.7% of Bezo's net worth, $188 bln, is only $8.8 bln while Bernie's plan is $47 bln/year

5 years ago | Likes 113 Dislikes 9

"only"

5 years ago | Likes 1 Dislikes 0

Ok, you got me. I did some rounding to avoid character limitations. $8.8454 bln.

5 years ago | Likes 2 Dislikes 0

Not to mention Bezos pays millions in taxes already every year and these people have no clue what is going on in all actuality.

5 years ago | Likes 2 Dislikes 1

Do you have some sauce? I'd like to see proof that he pays millions.

5 years ago | Likes 1 Dislikes 0

Every American pays income tax unless they are below the poverty line. The company he founded was not paying taxes but people aren't smart

5 years ago | Likes 1 Dislikes 1

enough to know the difference which is why we shouldn't be listening to them in the first place.

5 years ago | Likes 1 Dislikes 1

Bezos has made more than $47Bil in the last year. he could fully fund free college for everyone and still be the richest person on earth.

5 years ago | Likes 15 Dislikes 32

Thats his assets worth, not cash. And if he were to start selling, stocks would decrease in value, and he'd never actually get that much.

5 years ago | Likes 8 Dislikes 1

Oh man, he might have to settle for $20-50billion, geez, may as well just die in gutter being that broke.

5 years ago | Likes 1 Dislikes 1

Ok, so he sells everything and has $20b in cash. Then what?

5 years ago | Likes 1 Dislikes 1

Exactly. What is going to do besides hoard wealth like a damn dragon. he could triple amazon worker pay today and never change his lifestyle

5 years ago | Likes 1 Dislikes 1

He doesn't "make" that money, that's just the expected value of his stock. To actually get that money he'd *have to sell Amazon*.

5 years ago | Likes 18 Dislikes 2

He sold $4bil in stock this year, bought a yacht, gave away $30bil in a divorce, and bought the most expensive house in america.

5 years ago | Likes 1 Dislikes 0

Ok. But that isnt 4.7%.

5 years ago | Likes 21 Dislikes 0

Its not, its closer to the tax rate people who make $50K a year pay.

5 years ago | Likes 4 Dislikes 11

I dont care. All I care about is the blatent error that the post has made.

5 years ago | Likes 18 Dislikes 1

I do care, because every rich fuck is fucking all of us.

5 years ago | Likes 3 Dislikes 10

And no I dont give two fucks that his"wealth"isnt liquid.No one has liquid assets but they damn sure have taxes removed before you get paid.

5 years ago | Likes 6 Dislikes 12

You don't pay taxes on capital gains until you sell, because they're not really income until you do.

5 years ago | Likes 2 Dislikes 0

Wealth tax or income? Because a wealth tax is horribly inefficient. Many countries lose money because of how little it raises vs cost

5 years ago | Likes 3 Dislikes 0

Of collection. Also such a high wealth tax would bankrupt Bezos incredibly quickly and destroy the value of the assets. Typical "socialism

5 years ago | Likes 1 Dislikes 0

Works until you run out of other people's money". It also ignores that assets would flee the country and people already have loopholes to

5 years ago | Likes 1 Dislikes 0

Evade it and all it will do is hurt tge liquidity of US markets

5 years ago | Likes 1 Dislikes 0

Tax the companies not the individuals. The majority of this "wealth" is Amazon shares, not liquid assets. Close corporate tax loopholes

5 years ago | Likes 7 Dislikes 1

Both. Amazon should be broken up anyway.

5 years ago | Likes 3 Dislikes 3

No it shouldn't. Also, by rectifying the corporate tax, it comes across as far less punitive to successful business people, easier to pass

5 years ago | Likes 1 Dislikes 0

Very soon most ecommerce will take place on Amazon. If that's something you think is healthy more power to you prime citizen.

5 years ago | Likes 1 Dislikes 0

Completely incorrect, you've clearly not seen how Shopify has done over the last few years.

5 years ago | Likes 1 Dislikes 0

Amazon had 51% market share last year, Shopify 31%. A duopoly then. Much better.

5 years ago | Likes 1 Dislikes 0

Temporarily embarrassed millionaires

5 years ago | Likes 5 Dislikes 2

True, he would just have to liquidate 1/25th of Amazon, I'm sure that would not have any other economical effects.

5 years ago | Likes 4 Dislikes 0

Trickle-down used to be derisively called horse-and-sparrow: if you feed the horse enough oats, the sparrows can get some out of the shit.

5 years ago | Likes 568 Dislikes 23

except we poor folk don't get any oats

5 years ago | Likes 1 Dislikes 0

All you get is a fat bloated horf that does nothing but eat more oats. #gluefactory

5 years ago | Likes 37 Dislikes 2

As this point, we're eating whatever the sparrows shit out.

5 years ago | Likes 6 Dislikes 0

that's brilliant!

5 years ago | Likes 4 Dislikes 0

.

5 years ago | Likes 1 Dislikes 0

Trickle-down is a derisive term for supply-side economics.

5 years ago | Likes 94 Dislikes 2

Supply Side Jesus https://youtu.be/Gc-LJ_3VbUA

5 years ago | Likes 2 Dislikes 0

Yeah you're right I should have phrased that differently. My favorite is George HW Bush calling it "voodoo economics".

5 years ago | Likes 48 Dislikes 0

Hey Samedi is a great accountant

5 years ago | Likes 2 Dislikes 0

They are both derisive terms for supply side economics, tbf.

5 years ago | Likes 3 Dislikes 0

Trickle down is even simpler: Any policy designed to enrich the wealthy, with the expectation their spending will increase and trickle down.

5 years ago | Likes 12 Dislikes 0

The general idea was "If we had more stuff, there's more stuff for everyone and that's good!" In practice, it was not good.

5 years ago | Likes 1 Dislikes 0

For those wondering, that math doesn't work out. Bezos total comp in 2018 was $1.6 million (not Billion).

5 years ago | Likes 124 Dislikes 22

Yeah that money's just hoarded away. Removed from the economy. He could never spend it all if he wanted to.

5 years ago | Likes 5 Dislikes 2

You do realize that banks aren’t just Scrooge McDuckian vaults for gold, right? Money in a bank account is still in the economy.

5 years ago | Likes 3 Dislikes 2

The bullshit wall street racket might as well be a different economy. Giving workers higher wages and good benefits would've actually helped

5 years ago | Likes 3 Dislikes 2

He sold $4bil in stock,bought a yacht,got divorced and gave away $30bil(IIRC),built the most expensive house in america and has more $ now.

5 years ago | Likes 8 Dislikes 6

And all that was in the last year. Eat the rich.

5 years ago | Likes 10 Dislikes 7

And when he sells his stock, that's taxed. Before that, the stock doesn't have any "value" other than what the market estimates it's worth.

5 years ago | Likes 8 Dislikes 3

Wealth tax. Not income tax. His total wealth is $188.2 billion.

5 years ago | Likes 2 Dislikes 0

It is talking about a wealth tax not an income tax.

5 years ago | Likes 15 Dislikes 3

Still doesn't add up even in the slightest.

5 years ago | Likes 3 Dislikes 1

US doesn't have wealth taxes though, so that doesn't make any sense. US federal taxes are all income taxes.

5 years ago | Likes 5 Dislikes 3

They're not all income taxes. About 57% of federal revenue is from income taxes.

5 years ago | Likes 4 Dislikes 1

The math never works out.

5 years ago | Likes 18 Dislikes 18

You sound like one of those buttery males

5 years ago | Likes 9 Dislikes 11

i got bbq sauce on my titties

5 years ago | Likes 1 Dislikes 0

5 years ago | Likes 3 Dislikes 5

The OP doesn’t specify but seems to me it makes more sense to be talking about a wealth tax not an income tax

5 years ago | Likes 32 Dislikes 2

He doesn't mention a lot of things, like this is maybe one month of college payments. It doesn't fund free college in America for now on.

5 years ago | Likes 1 Dislikes 1

So he can fund it for like a decade before going broke.

5 years ago | Likes 5 Dislikes 1

If he liquidated his total share in his company, he could pay maybe 1 year of college. Or you can just watch free MIT courses online.

5 years ago | Likes 2 Dislikes 1

how would you propose taxing wealth if it's mostly comprised of ownership stock in a company?

5 years ago | Likes 19 Dislikes 0

You could set up a sovereign wealth fund that would receive equity shares in Amazon. They would have to be Bezos' own already issued shares1

5 years ago | Likes 3 Dislikes 2

I like the idea of taxing the rich; but I am not sold on the efficacy of a wealth tax. I AM sold on the efficacy of a VAT.

5 years ago | Likes 2 Dislikes 1

Otherwise you could dilute the share price too much and everyone loses.

5 years ago | Likes 1 Dislikes 0

And this would be for future growth only or retroactive?

5 years ago | Likes 2 Dislikes 0

I dunno, I'm just pointing out that the $1.6 million figure above looks irrelevant as far as the math goes

5 years ago | Likes 2 Dislikes 0

I think i meant to type my question as a reply to another commenter lol

5 years ago | Likes 2 Dislikes 0

hah np it happens

5 years ago | Likes 2 Dislikes 0

People confuse income with net worth. That being said I’m still pro Bernie. Pro investing in public education

5 years ago | Likes 106 Dislikes 5

I mean I'm eat the rich but I'll settle for Bernie

5 years ago | Likes 3 Dislikes 2

Don't confuse being pro-education with being pro-school. If schools as-is don't do a good job (they don't), don't throw money at them.

5 years ago | Likes 10 Dislikes 3

Yeah but don't perpetuate the problem by under funding them

5 years ago | Likes 2 Dislikes 0

I got that it would take roughly his entire net worth (actually a little under) to blank out one year of student loans taken in America.

5 years ago | Likes 7 Dislikes 4

If college was tax payer funded it would cost a fraction of what it does now. The loan system you cant discharge is what makes it expensive.

5 years ago | Likes 7 Dislikes 4

You can discharge student loans. You just have to actually prove you can't afford to pay them off. Really, it's the same for every...

5 years ago | Likes 1 Dislikes 1

...dischargeable debts, but most of the time creditors don't bother to show up to contest it. The US government does.

5 years ago | Likes 1 Dislikes 1

College is tax payer funded now. Historically, the more tax funds it gets (see Pell Grant), the more costly it gets.

5 years ago | Likes 2 Dislikes 2

Are you talking about the interest adding on to the loans? I just meant the principle amount. But yeah it only gets worse w/ loans.

5 years ago | Likes 4 Dislikes 0

The current gov loan guarantees and the fact you cant discharge them with bankruptcy is why college costs an insane amount.

5 years ago | Likes 1 Dislikes 0

Remove those two things and college prices would drop to reasonable levels(like $5K a year or less).

5 years ago | Likes 2 Dislikes 0

How would you price the risk of a 18yo getting a "women's studies" degree? That interest rate would reflect the poor job market for that BA.

5 years ago | Likes 1 Dislikes 1

No billionaire would stay in the US if you took 5% of their net worth annually.

5 years ago | Likes 5 Dislikes 2

Then freeze their assets before they leave.

5 years ago | Likes 2 Dislikes 2

That causes capital flight. Great way to very quickly kill your golden goose good and dead if history is any guide.

5 years ago | Likes 1 Dislikes 0

Thanks for offering the Venezuelan solution.

5 years ago | Likes 1 Dislikes 0

Well, how would you do it? How would you fix the unbelievable inequality and the problems it comes with? Btw. looks at this:

5 years ago | Likes 1 Dislikes 0

Strengthen unions, gov heath care, living wage, taxes on offshoring jobs, tax capital gains as income, hard cap on deductions, and more!

5 years ago | Likes 2 Dislikes 0

But trickle down economics. Rich people shower us with their gold. Don’t stop the golden shower!

5 years ago | Likes 2171 Dislikes 44

I do loves me a golden shower.

5 years ago | Likes 1 Dislikes 0

The golden shower keeps me warm!

5 years ago | Likes 1 Dislikes 0

JARATE! *glass shattering*

5 years ago | Likes 1 Dislikes 0

That's not gold!!

5 years ago | Likes 1 Dislikes 0

5 years ago | Likes 1 Dislikes 0

Ya they are pissing on you

5 years ago | Likes 1 Dislikes 0

Well, you're right about them pissing on us and calling it rain...

5 years ago | Likes 1 Dislikes 0

Well, you're not wrong...we're definitely being pissed on from above!

5 years ago | Likes 1 Dislikes 0

Don't many of the unis already have money enough to operate free indefinitely and don't need a cent anyway?

5 years ago | Likes 1 Dislikes 0

Insert R Kelly

5 years ago | Likes 1 Dislikes 0

THAT'S NOT RAIN!

5 years ago | Likes 1 Dislikes 0

Did the math on his reported income and net worth. It would fund the plan for 8 years but the plan is to fund at the same rate for ten.close

5 years ago | Likes 1 Dislikes 0

v

5 years ago | Likes 32 Dislikes 1

Yeah, we poor people got that golden shower everyday now already. Tax those fuckers and their corporations; I pay more in taxes.

5 years ago | Likes 1 Dislikes 0

Don’t worry, it’s not stopping...

5 years ago | Likes 1 Dislikes 0

Can't stop a shower that was never turned on, so we're good! ...right?

5 years ago | Likes 2 Dislikes 0

5 years ago | Likes 12 Dislikes 1

How have I not seen this before?! Is it edited?

5 years ago | Likes 3 Dislikes 0

creative liberties with video of his ice bucket challenge, with a nod to the infamous pee-pee tape.

5 years ago | Likes 3 Dislikes 0

5 years ago | Likes 5 Dislikes 1

I prefer Piñata economics, where we beat the rich until money comes out.

5 years ago | Likes 21 Dislikes 0

Candy too?

5 years ago | Likes 5 Dislikes 0

I don’t know but I’m willing to find out.

5 years ago | Likes 4 Dislikes 0

When do we hold the colleges accountable for raising tuition? Adjusted for inflation tuition has doubled since 1985

5 years ago | Likes 6 Dislikes 1

know what trickles down fast? higher taxes, anything that costs them money is passed on to us poor people

5 years ago | Likes 10 Dislikes 12

But if in turn we’re not paying for things like healthcare it really doesn’t matter.

5 years ago | Likes 4 Dislikes 1

We just have to trust the govt is spending money wisely then. Like pouring it into education programs that demonstrably have no ROI.

5 years ago | Likes 2 Dislikes 3

Education was the worst example you could have picked. Notoriously underfunded for decades with constant budget cuts.

5 years ago | Likes 2 Dislikes 0

It is not, they need us to buy things and raising the prices too much opens up for competition. Not taxing them and not making them...

5 years ago | Likes 13 Dislikes 1

...pay liveable wages, is what let’s them hold an unfair advantage over any wanna-be competitor, who do have to pay tax and obey the law

5 years ago | Likes 10 Dislikes 1

um i work at a job where they regularly charge people hire rates for tje same pfoduct basted on day of the week competition has not stopped

5 years ago | Likes 1 Dislikes 1

that

5 years ago | Likes 1 Dislikes 1

But you have competition. The thing is, these businesses (Walmart, Amazon...) do not have competition, because they can sell at...

5 years ago | Likes 1 Dislikes 0

5 years ago | Likes 105 Dislikes 4

5 years ago | Likes 27 Dislikes 1

Why do Republican lawmakers all look like villains from 1600’s German fairy tales

5 years ago | Likes 7 Dislikes 2

5 years ago | Likes 6 Dislikes 0

They've had 40 years to prove "trickle down economics" actually works. If it does, it is literally moving slowing than current glaciers.

5 years ago | Likes 15 Dislikes 0

Trickle down economics is not an actual economic theory, thats why it will never be "proven". There is nothing to prove nor disprove

5 years ago | Likes 3 Dislikes 0

Sure it's a theory...just like "flat earth" is a theory.

5 years ago | Likes 1 Dislikes 0

What's the name for the economic theory that the GOP uses to justify tax cuts for the wealthy?

5 years ago | Likes 4 Dislikes 0

I think that would be "politics"

5 years ago | Likes 1 Dislikes 0

"Got mine, fuck you!" is the academic name, I think.

5 years ago | Likes 2 Dislikes 0

People I know say "it works because if we had not done that it'd be worse"

5 years ago | Likes 5 Dislikes 0

People you know say stupid and provenly-false things.

5 years ago | Likes 1 Dislikes 0

Yep. But they are certain to be true. "without the rich the world would collapse". It's a chore to talk to them sometime...

5 years ago | Likes 2 Dislikes 0

You should meet better people. Just sayin'.

5 years ago | Likes 1 Dislikes 0

i think you meant to say 140 years, perhaps more. the criticism of trickle-down dates back at least to the late 1800s.

5 years ago | Likes 4 Dislikes 0

I was just going from it's popular implementation in the US under Reagan. Going back any further is just more evidence against it.

5 years ago | Likes 3 Dislikes 0

Horses and sparrow economics.

5 years ago | Likes 1 Dislikes 0

lol that there are literally people with the power AND resources to personally solve all the world's problems and they choose not to.

5 years ago | Likes 1172 Dislikes 46

[deleted]

[deleted]

5 years ago (deleted Jul 14, 2020 5:15 AM) | Likes 0 Dislikes 0

That's because they don't live in our world.

5 years ago | Likes 7 Dislikes 2

Remember when that church in France burned? They got the money in 2 seconds, people care more about buildings then each other

5 years ago | Likes 3 Dislikes 0

People don't gain that kind of wealth without walking on the backs of everyone in their way.

5 years ago | Likes 24 Dislikes 4

This would only buy college for a year, and he'd have to liquidate his share of the company

5 years ago | Likes 3 Dislikes 4

There isn’t an incentive for them to. And the really isn’t that much affect on them if they ignore it.

5 years ago | Likes 1 Dislikes 0

"all the worlds problems"...you cant even solve posting shitty comments, and it's free

5 years ago | Likes 6 Dislikes 3

They didnot become that by helping people

5 years ago | Likes 402 Dislikes 5

Took the words out of my mouth. How dare you. Lol.

5 years ago | Likes 47 Dislikes 1

Too true. But that doesn't mean they have to have a net negative impact on the world. Gates was a dickhead, but now he has enough influence

5 years ago | Likes 12 Dislikes 0

To have a better impact on the world than he would have had if he didn't make it big. Bezos could be bigger if he wanted

5 years ago | Likes 9 Dislikes 0

Something bad happens and it's the billionaires fault for not solving it? sure

5 years ago | Likes 1 Dislikes 9

Yes.

5 years ago | Likes 7 Dislikes 1

i'm sure you've done everything in your power to solve other peoples problems... hardmode: online "activism" doesnt count

5 years ago | Likes 2 Dislikes 8

Let’s put it in perspective: I could sell all my possessions and live the rest of my life like Mother Teresa, devoting all my effort to

5 years ago | Likes 5 Dislikes 0

helping people. In doing so, I might help a few thousand over my remaining lifetime. Jeff Bezos could help millions of people essentially

5 years ago | Likes 5 Dislikes 0

Ok so why don’t you build a business and do it yourself? Then you can choose to solve the world’s problems.

5 years ago | Likes 3 Dislikes 4

Hmm yes “why don’t you fix it?” Classic.

5 years ago | Likes 5 Dislikes 1

Well what other answer do you have? The only way to do something right is to do it yourself. Or so I’m told.

5 years ago | Likes 1 Dislikes 0

“Doctor, pls heal my legs” Doc: “lol the only way to do something right is to do it yourself.”

5 years ago | Likes 1 Dislikes 0

That doesn’t even make sense. It literally has no correlation. Wealth and an amputated leg have nothing to do e/ each in this instance.

5 years ago | Likes 1 Dislikes 1

K so maybe ask the ultra wealthy to fix things first, and if things still aren’t fixed, THEN the middle class take a crack at it.

5 years ago | Likes 1 Dislikes 0

Wealthy aren’t responsible to fix the country lmao. You don’t just get to tell ppl what to do w/ their money bc you disagree w/ the >

5 years ago | Likes 1 Dislikes 1

Wealth isn’t the same as money in the bank but regardless, it’s his money. He can do what he wants with it. We just get a piece of it bc >

5 years ago | Likes 1 Dislikes 1

Not lol but yes.

5 years ago | Likes 2 Dislikes 0

(1) the math doesn't work out. (2) if education already isn't the money people are paying for it, why force everyone to pay for a 1/2

5 years ago | Likes 4 Dislikes 22

isn't *worth the money

5 years ago | Likes 3 Dislikes 6

worthless good? This doesn't mean "Education isn't worthless", it means what we're paying for now often is. 2/2

5 years ago | Likes 2 Dislikes 14

Overpriced mostly, and that's something that should be addressed. It's a lot easier for one entity paying for it to negotiate price though,

5 years ago | Likes 6 Dislikes 1

as opposed to millions of individuals who can pay or not go.

5 years ago | Likes 4 Dislikes 0

1/ The issue is what we’re paying for now is overpriced. We need better regulations on it so they can’t just increase the price a shit ton

5 years ago | Likes 8 Dislikes 1

2/ just cause they know they can and that people will still need to go to college. They literally have no incentive rn to be altruistic and

5 years ago | Likes 5 Dislikes 0

3/ pay it fairly. An educated populace is wildly useful for having them have better decision making skills and for being better informed on

5 years ago | Likes 4 Dislikes 0

Bandages doesn't solve anything

5 years ago | Likes 1 Dislikes 0

That’s Capitalism :D (womp womp!)

5 years ago | Likes 62 Dislikes 15

That’s greed. Shitty people will be shitty in any system. Is all the foreign aid and charitable work from the US also capitalism?

5 years ago | Likes 14 Dislikes 4

Greed is the entire point of the system; It undermines our better aspects such as cooperation and compassion and rewards our worst.

5 years ago | Likes 5 Dislikes 2

(Spoiler: it absolutely is)

5 years ago | Likes 11 Dislikes 1

so what function does capitalism employee to prevent greed?

5 years ago | Likes 4 Dislikes 1

None, greed is the entire point of the system.

5 years ago | Likes 8 Dislikes 0

Seems like under capitalism the shittiest people run the system?

5 years ago | Likes 12 Dislikes 5

Unlike Communism where it's ruled by saints like Kim Jong-Un and Xi Jinping

5 years ago | Likes 7 Dislikes 3

Those aren't communist states. They are the end state of unregulated capitalism.

5 years ago | Likes 1 Dislikes 2

Trump is closer in the political spectrum to Kim Jong-Un and Xi Jinping than Bernie is you walnut like kinda by a lot.

5 years ago | Likes 3 Dislikes 1

Well if they made life more comfortable and sustainable for their working populace they’d lose money power and wage slaves.

5 years ago | Likes 2 Dislikes 1

... or donate it to BS cause / foundation

5 years ago | Likes 1 Dislikes 0

All the billionaires in the world combined have $3.5T. Split over 7B people that's $500 each.

5 years ago | Likes 2 Dislikes 19

Do the millions of newly unemployed get more? Or is it just $500 and a pink slip?

5 years ago | Likes 1 Dislikes 6

That is $500 for every man, woman and child on earth. Many poor that wont make that in a year or more. Wealth distribution is a bitch.

5 years ago | Likes 3 Dislikes 0

Do you expect every person in the US to try to get a college education?

5 years ago | Likes 2 Dislikes 0

Exactly what this is about: https://mkorostoff.github.io/1-pixel-wealth/

5 years ago | Likes 111 Dislikes 2

[deleted]

[deleted]

5 years ago (deleted Jul 13, 2020 9:47 PM) | Likes 0 Dislikes 0

hunger and preventable diseases.

5 years ago | Likes 1 Dislikes 0

What a ride

5 years ago | Likes 13 Dislikes 0

Disgusting.

5 years ago | Likes 5 Dislikes 0

Mindblowing. Thanks for sharing!

5 years ago | Likes 4 Dislikes 0

Where do these people live? I feel an angry mob coming on.

5 years ago | Likes 8 Dislikes 0

My god this depressed me. -_-;

5 years ago | Likes 4 Dislikes 0

I love visual representation

5 years ago | Likes 28 Dislikes 0

Same!

5 years ago | Likes 4 Dislikes 0

.

5 years ago | Likes 2 Dislikes 0

Fucking disgusting.

5 years ago | Likes 3 Dislikes 0

I wonder how many people made it to the far right. I did. Does that make me a far-righter now?

5 years ago | Likes 2 Dislikes 0

.

5 years ago | Likes 1 Dislikes 0

Holy shit sharpen the guillotines

5 years ago | Likes 59 Dislikes 0

leave'm dull and add more weight.

5 years ago | Likes 13 Dislikes 0

But that’s just the same as sharpening them only more work

5 years ago | Likes 7 Dislikes 0

"it's duller, it'll hurt more." - Sheriff of Nottingham. and by Grabthor's Hammer I've no reason to doubt anything Alan Rickman ever said.

5 years ago | Likes 8 Dislikes 0

People complain that "communism has killed millions of people" but do not understand that many times more die because of capitalism. From >

5 years ago | Likes 10 Dislikes 0

hunger and preventable diseases.

5 years ago | Likes 9 Dislikes 0

I don't understand why you wouldn't spend the money. Why just sit on it?

5 years ago | Likes 21 Dislikes 0

I genuinely believe it’s just a different form of hoarding. You don’t have to have real relationships when you have shitloads of money.

5 years ago | Likes 3 Dislikes 0

To show that they're better than us.

5 years ago | Likes 8 Dislikes 0

To hold it above the others.

5 years ago | Likes 19 Dislikes 0

because its called running up the score. its just to have it. Money has no meaning.

5 years ago | Likes 18 Dislikes 0

Yeah at that point it's just a game to see how much you can make. They didn't care getting there, they won't care how they get more.

5 years ago | Likes 10 Dislikes 0

But wouldn't philanthropy count towards the score?

5 years ago | Likes 1 Dislikes 0

philanthropy is not quantifiable, and its just giving away assets. Your value though has a easy value to compare.

5 years ago | Likes 2 Dislikes 0

Merely being a billionaire is a huge red flag that that person probably lacks any altuism at all. The greed is bottomless.

5 years ago | Likes 50 Dislikes 14

Though Bill Gates does not seem to lack altruism.

5 years ago | Likes 12 Dislikes 0

From what I read, he is a very different man now to the one who became a billionaire in first place, but yes one of the success stories.

5 years ago | Likes 5 Dislikes 0

Anymore. Doesn't lack altruism anymore

5 years ago | Likes 3 Dislikes 0

At least he changed for the better. Can we say that about Musk, Bezos etc?

5 years ago | Likes 1 Dislikes 0

More so for musk than Bezos. Musk atleast has some environmental/human survival goals

5 years ago | Likes 1 Dislikes 0

They lack it like altuism lacks an r :P

5 years ago | Likes 18 Dislikes 0

They lack it like my fingers lack basic motor skills on Mondays

5 years ago | Likes 10 Dislikes 0

you might be altustic

5 years ago | Likes 1 Dislikes 1

5 years ago | Likes 4 Dislikes 0

What a great reply, youre a good internet person. Replies with helpful knowledge to a joke, +1 fs

5 years ago | Likes 3 Dislikes 1