Because they own this place. Because we live under a dictatorship of the bourgeoisie.
CouchCorrespondent on
~~“Four legs good, two legs bad.“~~
Four legs good, two legs better.
No-Tomatillo3698 on
Neither did the kings of old. They are just the new monarchy in the US.
rvingthrulife on
Because thanks to Citizens United, it’s the billionaires who make the laws, now .
Mathematicus_Rex on
They can buy better congressmen.
ldsdrff76 on
Bacause THEY WOULD LEAVE THE COUNTRY, if they were to pay taxes.
(Who cares, by the way. Goddamned leeches)
TheHomersapien on
Americans have had 50+ years of solid data, evidence, and research to show them they are being ripped off, controlled, and manipulated by the uber-rich.
**They. Don’t. Care.**
My proof? 50+ years of Americans continuing to vote for Republicans while Democrats give us Clinton, Biden, then Harris.
Positive_Mastodon500 on
The IRS should just post a top 10 list of highest taxpayers so I can figure this out for myself.
Tight_Isopod6969 on
They’ve used propaganda and brain washing to diminish public support for increased taxation of the ultra wealthy.
The arguments against I usually hear are some combination of: 1) They’ll just dodge it if you tax them more, or some kind of Laffer curve bullshit. 2) I don’t like paying taxes, they must not like it, taxes are dishonest and taking their money is dishonest. 3) Some kind of ‚trickle down‘ argument. 4) Increased taxes for them means increased taxes for everyone. 4) All taxation is bad. Life would be better without taxes.
The ultra rich have investigated an incredible amount into psychologically tapping into the public psyche. The thing is, most people don’t feel like they have much to offer the world. If you feed them disinformation and tell them they’re special for having this special counter-culture information, they’ll gobble it up.
rbrianj on
Citizens United.
EchoingElysium on
If we tax billionaires
too much they won’t
be able to buy the
essentials they
need, like NFL
franchises, islands,
and taxdeductible
think tanks founded
exclusively to
legitimize fringe
beliefs about how
billionaires shouldn’t
have to pay taxes.
One_Disaster_5995 on
Because they (or their accountants) know how to use the loopholes.
Seattleman1955 on
This topic always demonstrates that the biggest problem facing our country is the average persons inability to think critically.
There is nothing logical or economic about most of the points in the article or in most of these posts.
The attempt is to make an economic argument but quickly turning the tables and making it a moral argument, a petty argument, a misinformed argument, or just typing to tie too concepts together that aren’t related etc.
metalyger on
It’s so frustrating to look back at how much the media and establishment tried to call Bernie Sanders a crazy old fool for his very centrist ideas like making rich people pay taxes so we can have health care like every rich country that isn’t America. Of course the narrative becomes „give Trump a chance“ and sit back while he does the biggest wealth redistribution in our history, robbing the poor and giving to the rich who don’t need any of it. Late stage capitalism is a disease.
HowardBunnyColvin on
Because they’re rich enough to use loopholes in their businesses to avoid paying taxes or like the USPS „write off“ anything damaged, like boomboxes.
Appropriate_Value122 on
Bernie Sanders has been telling The Hill why for decades. It’s no secret. Billionaires own the politicians and the politicians, in return, give the billionaires whatever they want, including a regressive tax system that benefits the billionaires at everyone else’s expense.
Hot_Poetry_6475 on
Exactly!
plumberfun on
I wonder how many of these billionaires would be in prison if thr same laws that put Al Capone in prison weren’t taken away by Congress?
SookHe on
Oh oh I know this one 🖐️
Because they pay the politicians not to make laws to tax them
SimmonsJK on
Yeah…I’m paying $5k this year
Fortestingporpoises on
Because the ultra rich has convinced the working class that the ultrapoor are taking advantage of the system while the rich worked for and deserves everything they got.
va_wanderer on
Because the billionaires bought the politicians.
livemusicisbest on
We don’t have to tax wealth. We don’t have to take unrealized gains. All we have to do is tax “money that comes in” and call it “income.” And we do not need to tax it at a confiscatory rate. We could tax it at the same rate that their pilots and landscapers pay.
Republicans hate, hate, hate it when people bring this up, because they are the billionaires’ bitches.
But we need strong candidates who educate the public and point out the truth. The money that comes into billionaires’ bank accounts that they use for housing, food, super yachts, private, jets, and mistresses in plush condos around the world comes into their accounts, the same way your salary comes into yours. It is money that “comes in” that is spent on living. We should tax it as such.
These loans taken out and collateralized by huge holdings of stock are part of a tax avoidance scheme; if the billionaires sold the stock, they would owe a capital gains tax. Well, that tax is much lower than income tax, but it is still tax. And these entitled people don’t want to pay any tax. So, when they borrow against their shares, they pay zero tax on the money that flows into their bank account. They never have to pay it back. They just keep rolling over the loans. Their heirs inherit their vastly appreciated stock at a “stepped up basis,” eliminating tax on the massive gains. Then they can either pay off daddy’s loans by selling a few shares tax free — or they can take over the payments and roll the strategy forward. Tax fee gods, who control the politicians. How is that fair?
No, we do not need to tax loans taken out to buy a car or to remodel your house. There are ways to only tax money that is being borrowed against stocks above a certain amount, like as high as $2 million a year, and call it what it is: income. Income should be taxed. Then we would not have this gross inequality and inequity — and we would go a long way for solving our deficit.
Vote against every Republican and non are only progressive Democrats who will put a stop to this nonsense. Bernie’s too old, but watch who he endorses.
ChicagoAuPair on
Literally because of the Republican Party and the self defeating morons who continue to vote for them.
Full stop.
The end.
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Because they own this place. Because we live under a dictatorship of the bourgeoisie.
~~“Four legs good, two legs bad.“~~
Four legs good, two legs better.
Neither did the kings of old. They are just the new monarchy in the US.
Because thanks to Citizens United, it’s the billionaires who make the laws, now .
They can buy better congressmen.
Bacause THEY WOULD LEAVE THE COUNTRY, if they were to pay taxes.
(Who cares, by the way. Goddamned leeches)
Americans have had 50+ years of solid data, evidence, and research to show them they are being ripped off, controlled, and manipulated by the uber-rich.
**They. Don’t. Care.**
My proof? 50+ years of Americans continuing to vote for Republicans while Democrats give us Clinton, Biden, then Harris.
The IRS should just post a top 10 list of highest taxpayers so I can figure this out for myself.
They’ve used propaganda and brain washing to diminish public support for increased taxation of the ultra wealthy.
The arguments against I usually hear are some combination of: 1) They’ll just dodge it if you tax them more, or some kind of Laffer curve bullshit. 2) I don’t like paying taxes, they must not like it, taxes are dishonest and taking their money is dishonest. 3) Some kind of ‚trickle down‘ argument. 4) Increased taxes for them means increased taxes for everyone. 4) All taxation is bad. Life would be better without taxes.
The ultra rich have investigated an incredible amount into psychologically tapping into the public psyche. The thing is, most people don’t feel like they have much to offer the world. If you feed them disinformation and tell them they’re special for having this special counter-culture information, they’ll gobble it up.
Citizens United.
If we tax billionaires
too much they won’t
be able to buy the
essentials they
need, like NFL
franchises, islands,
and taxdeductible
think tanks founded
exclusively to
legitimize fringe
beliefs about how
billionaires shouldn’t
have to pay taxes.
Because they (or their accountants) know how to use the loopholes.
This topic always demonstrates that the biggest problem facing our country is the average persons inability to think critically.
There is nothing logical or economic about most of the points in the article or in most of these posts.
The attempt is to make an economic argument but quickly turning the tables and making it a moral argument, a petty argument, a misinformed argument, or just typing to tie too concepts together that aren’t related etc.
It’s so frustrating to look back at how much the media and establishment tried to call Bernie Sanders a crazy old fool for his very centrist ideas like making rich people pay taxes so we can have health care like every rich country that isn’t America. Of course the narrative becomes „give Trump a chance“ and sit back while he does the biggest wealth redistribution in our history, robbing the poor and giving to the rich who don’t need any of it. Late stage capitalism is a disease.
Because they’re rich enough to use loopholes in their businesses to avoid paying taxes or like the USPS „write off“ anything damaged, like boomboxes.
Bernie Sanders has been telling The Hill why for decades. It’s no secret. Billionaires own the politicians and the politicians, in return, give the billionaires whatever they want, including a regressive tax system that benefits the billionaires at everyone else’s expense.
Exactly!
I wonder how many of these billionaires would be in prison if thr same laws that put Al Capone in prison weren’t taken away by Congress?
Oh oh I know this one 🖐️
Because they pay the politicians not to make laws to tax them
Yeah…I’m paying $5k this year
Because the ultra rich has convinced the working class that the ultrapoor are taking advantage of the system while the rich worked for and deserves everything they got.
Because the billionaires bought the politicians.
We don’t have to tax wealth. We don’t have to take unrealized gains. All we have to do is tax “money that comes in” and call it “income.” And we do not need to tax it at a confiscatory rate. We could tax it at the same rate that their pilots and landscapers pay.
Republicans hate, hate, hate it when people bring this up, because they are the billionaires’ bitches.
But we need strong candidates who educate the public and point out the truth. The money that comes into billionaires’ bank accounts that they use for housing, food, super yachts, private, jets, and mistresses in plush condos around the world comes into their accounts, the same way your salary comes into yours. It is money that “comes in” that is spent on living. We should tax it as such.
These loans taken out and collateralized by huge holdings of stock are part of a tax avoidance scheme; if the billionaires sold the stock, they would owe a capital gains tax. Well, that tax is much lower than income tax, but it is still tax. And these entitled people don’t want to pay any tax. So, when they borrow against their shares, they pay zero tax on the money that flows into their bank account. They never have to pay it back. They just keep rolling over the loans. Their heirs inherit their vastly appreciated stock at a “stepped up basis,” eliminating tax on the massive gains. Then they can either pay off daddy’s loans by selling a few shares tax free — or they can take over the payments and roll the strategy forward. Tax fee gods, who control the politicians. How is that fair?
No, we do not need to tax loans taken out to buy a car or to remodel your house. There are ways to only tax money that is being borrowed against stocks above a certain amount, like as high as $2 million a year, and call it what it is: income. Income should be taxed. Then we would not have this gross inequality and inequity — and we would go a long way for solving our deficit.
Vote against every Republican and non are only progressive Democrats who will put a stop to this nonsense. Bernie’s too old, but watch who he endorses.
Literally because of the Republican Party and the self defeating morons who continue to vote for them.
Full stop.
The end.