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TigerWu
TigerWu
Joined: May 23, 2016
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February 2nd, 2019 at 12:44:09 PM permalink
Quote: billryan

The Founding Fathers, among many others.



We shouldn't care what the Founding Fathers would think about how the country is run 250 years into their future.

Imagine if we tried to criticize people 250 years from NOW about how they ran things, without knowing anything about their contemporary society, culture, politics, etc.
MaxPen
MaxPen
Joined: Feb 4, 2015
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February 2nd, 2019 at 1:02:18 PM permalink
Just because a majority answer wrong it does not make the answer right.
RS
RS
Joined: Feb 11, 2014
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Thanks for this post from:
RogerKintunJonhappahero
February 2nd, 2019 at 1:03:24 PM permalink
Quote: FinsRule

How about for president in 2020, every citizen 18 or older gets to vote.

Whoever gets the most votes, is president.

Who could ever be against that?


2 wolves and 1 sheep vote on what to have for dinner.
FinsRule
FinsRule
Joined: Dec 23, 2009
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February 2nd, 2019 at 1:51:04 PM permalink
Quote: RS

2 wolves and 1 sheep vote on what to have for dinner.



Ok, so billionaires voting on a wealth tax doesnít make sense then. Got it.
TigerWu
TigerWu
Joined: May 23, 2016
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February 2nd, 2019 at 2:20:34 PM permalink
If the majority of assets of most billionaires is held in equities, how do you collect that in tax form?

Hold the equities in some kind of fund or escrow and sell it off piecemeal over the years?

You couldn't just make, say, Jeff Bezos sell $50 billion in Amazon stock for cold hard cash and just hand it over.
TomG
TomG
Joined: Sep 26, 2010
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February 2nd, 2019 at 2:35:51 PM permalink
Quote: TigerWu

If the majority of assets of most billionaires is held in equities, how do you collect that in tax form



If a non-billionaire owes money in taxes, but doesnít have the cash to pay, how is it collected?
TigerWu
TigerWu
Joined: May 23, 2016
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February 2nd, 2019 at 2:40:43 PM permalink
Quote: TomG

If a non-billionaire owes money in taxes, but doesnít have the cash to pay, how is it collected?



Monthly payment plan?
RS
RS
Joined: Feb 11, 2014
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happaheroMoosetonSOOPOO
February 2nd, 2019 at 3:08:44 PM permalink
Quote: FinsRule

Ok, so billionaires voting on a wealth tax doesnít make sense then. Got it.


Saying 60% or whatever figure they spouting nowadays of people support some new wealth or income tax is the exact same thing. Except a billionaireís money is HIS money, not anyone elseís. People are generally going to vote for whatever is in their best interest or what they perceive to be in their best interest. Itís easier to convince 51% of people to support a system where they donít have to work as hard and they get stuff for free or cheap, than to convince 51% of people to work hard so they too can be successful and provide for themselves.
happahero
happahero
Joined: Dec 8, 2011
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RogerKintRSMoosetonSOOPOO
February 2nd, 2019 at 3:33:57 PM permalink
Rich or poor, both should be equally entitled to the fruits of their labor under the law. Personal property including capital should be respected in this country. Regardless if I have a little or a lot, wealth redistribution does not respect anyoneís rights itís just simply mob rule/tyranny of the majority.

Capital flows to where itís treated best. Itís much easier for a rich person to move around the world than somone of humble means. Rich people wonít stand for this, if things get bad enough they will just pack up and invest elsewhere.

Oh what you say??? Just introduce capital flow restrictions that will keep them a prisoner & investing in the US.

If and when that comes, it will be the saddest day of all. America, land of the free canít even move capital around the world anymore. Be careful someday Ms. Warren might use that border wall to make sure rich people stay in America.
Dost thou even hoist
AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
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February 4th, 2019 at 12:40:12 PM permalink
Quote: TigerWu

If the majority of assets of most billionaires is held in equities, how do you collect that in tax form?

Hold the equities in some kind of fund or escrow and sell it off piecemeal over the years?

You couldn't just make, say, Jeff Bezos sell $50 billion in Amazon stock for cold hard cash and just hand it over.


Sure you could. And he would owe capital gains tax on that sale too.

Assuming the wealth tax passed constitutional muster, of course.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer

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