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Forum » Should it be illegal to be super wealthy?
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Thread: Should it be illegal to be super wealthy?

post 1689813293 09-09-2023, 09:44 PM
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#91
  1. Dave22reborn
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Originally Posted By PowerPal⏩
I didn't make the system boyo, I can still point out its flaws even though I participate. participation was forced on me
Nobody is forcing you to purchase anything.
post 1689813453 09-09-2023, 09:49 PM
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#92
  1. ErnieMccracken
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Originally Posted By gwg77⏩
Say it with me one more time Big Ern:
Just keep simping for Mr. Noseberg and Mr. Shekelstein. They sure do appreciate it.
post 1689814143 09-09-2023, 10:10 PM
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#93
  1. ErnieMccracken
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Originally Posted By NextPound⏩
Ernesto, so smart. Can name branches of government and political systems like he just got brainwashed in a poli sci 101 class.

You are an embarrassment to America.
You aren't one of them. Never will be.
post 1689817943 09-10-2023, 12:12 AM
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#94
  1. 129iq
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Are we getting back at the rich! Yeah!
post 1689820063 09-10-2023, 01:45 AM
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#95
  1. isingmodel
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Originally Posted By Doyoureallylift⏩
This is true. It's not like pie, one person having a lot doesn't give others less, it's often the opposite. Wealth creates more wealth.
How much of the new wealth created in the past 50 years has enriched the average person, and how much of it has padded the pockets of a tiny few?

Why does a corporate CEO now earn 1000x the average employee when 50 years ago it was 100x (already a ridiculous disparity). Do they work 10x harder than they did before?
Misc Crypto Crew
BTC to $200k
post 1689823213 09-10-2023, 05:55 AM
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#96
  1. naaboo
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Originally Posted By Ratfish⏩
no, it should be illegal to be a communist
repped. they're already trying to shame people for spending their own money how they want
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post 1689823713 09-10-2023, 06:16 AM
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#97
  1. Ironmanlet
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Originally Posted By Dave22reborn⏩
You have no idea what you're talking about do you?
He is correct though….
“The stories and information posted here are artistic works of fiction and falsehood. Only a fool would take anything posted here as fact.“

PS: Don't eat poop, just don't let the idea of it stop you from living life to its fullest.
post 1689823933 09-10-2023, 06:25 AM
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#98
  1. LexBrah
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Originally Posted By Visel⏩
No, but they should adjust the federal tax brackets a lot IMO.

In 2023 USA, the average wage is about $74k/yr, the median wage is $89k/yr. Sauce: Bureau of Labour and Statistics. Pick one of those two numbers ($74k/yr or $89k/yr) and make that the 20% cut off for tax brackets.

Current tax bracket is 12% for $11k+, 22% for $45k+, 24% for $95k+, 32% for $182k+, and 35% for $231k+. Instead it should pull from the super wealthy more IMO.

I propose adding a higher tax level, and being kinder to the lower earners, like the following: 10% for $15k+, 15% for $50k+, 20% for say $89k+ (median income), 25% for $150k+, 35% for $300k+, and 45% for $2m+.
The ultra rich don't have income though. Income = tax.

If you want it to be fair, there should be higher tax on things like private jet gas, or means tested - so taxation is a proportion of your networth/assets/house value.
post 1689824123 09-10-2023, 06:38 AM
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#99
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It should be illegal to be poor and be put to death. The poor don’t help society, they just take.
post 1689824573 09-10-2023, 06:59 AM
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#100
  1. weiss1967
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Originally Posted By Doyoureallylift⏩
Illegal? No, but at some point we may need a cap. If people who invest earn 10%, at some point their compound interest becomes insane.
Sounds like a good point. But capital gain is self-adjusting, like passive income of any kind, free market tend to fix everything. For one, compound interest from 10% capital gain would take insanely long time to grow, for normal people who can't invest large sum initially. You would need to move your capital continually and do a good market research to keep it at such high gain of 10%. It is more like 4%, and even then, there is depreciation and appreciation, which could wipe out large portion of your capital. From what I can see, it takes more than one generation of accumulation of compound interest, to make it interesting.

What it means - you will see life going-by, while waiting for fruit of your investment income. It is not for everybody, and whoever got that far totally deserve it. Their money were not earning interest for nothing, they were and still are moving the economy. Let those people roll in cash as long as they keep their capital fully invested.
post 1689824593 09-10-2023, 07:00 AM
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#101
  1. DimTriad
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Originally Posted By Dave22reborn⏩
Wow, spoken like a true revolutionary...... Let's hear what should be done about it...... Oh that's right, more government is always the answer with you people.
see first line of sig ded fkn srs
Benevolent Dictatorship
🚷 Anti-Degeneracy Crew 🚷
post 1689827443 09-10-2023, 08:40 AM
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#102
  1. Dave22reborn
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Originally Posted By DimTriad⏩
see first line of sig ded fkn srs
People who fantasize about dictatorships always picture themselves in positions of power.

It's the same with those who preach about communism, they always see themselves as the one who's at the top, someone important, not the person who is slaving away in a factory, living in a project like building with one bathroom per floor.
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