Wow you're right, I'm sure everyone would much rather the economy collapse because people can't afford food or rent rather than do anything to make billionaires pay their fair share.
S&P goes up 7-10% a year, and you think an evenly applied property tax on assets, realized or not, would make people move that money to a place it's not growing? Tax them wherever their money is. If they wanna lose more money by taking their money out of the growth machine, by all means. But it'll be taxed and put back into the economy that relies on the workers, not the parasites on top. The scenario you've been conditioned to parrot assumes a lack of enforcement, but I think you're just not creative enough. A properly motivated U.S. government could 100% force a proper solution.
U.S. already levies taxes on expats... Enforcement is only a problem if there's no motivation
Yet progesives want more than they make each year! Their goal is to destroy wealth as they have said they want no billionaires! They want government to control all major wealth in the USA! Bad enough they spend 7 trillion a year itās not good enough they want to wipe out the billionaires and their 9.4 trillion, or roughly 1 year of spending by congress! So you take it all then what? Who is next thatās right millionaires. Now we are all poor! Itās ridiculous
Wealthy people paying their fair portion of taxes would have the opposite effect, actually.
We already did this with the New Deal, which created the middle class and funded our modern infrastructure. It brought about the most widespread economic prosperity in our history.
These uber wealthy are simply parasites on our society. They want the benefits of being in our society, while not paying their portion.
Government didnāt create the middle class! The fact Europe and Japan was destroyed did! Had Europe and Japan been full force immediately after ww2 they would have eaten our lunch just like the 1960s and 1970s, issue is you romanticize a period of time that really didnāt exist, but for a very small group of people.
I remember that a few years back he was on the news for not only not paying taxes (because of this low-interest loan hack rich people live off of), but actually getting rebates on expenses on his kids' private schools.
Our government is most certainly riddled with corporate sellouts who actively keep the citizens from having things that benefit them with our own money.
I'd argue that Democrats have fewer, not that it ultimately matters.
The Social Security trust fund has been in place and untouched since it's inception in 1939. What has changed are the laws around it and who has to pay in, and how much.
It's never been put into the "General Fund" of the Government.
Social Security did used to be fully untaxed until Ronald Regan was president though, which started in 1983.
Cant have that just like we cant have a VA that isnt worse than basic health insurance. The people in charge want you to give them every ounce of your being and then disappear.
They don't pay $180,000 in taxes, you're confusing the tax withheld with the wage base. Social security is 6.2% withheld on up to $184,500 in wages. That means the tax withheld is $11,439 for 2026 (increases every year)
Even if you're a billionaire you're only paying a max of $11,439 in social security tax. Medicare tax is a little different with no cap and the rate does increase after $200,000 in wages.
The Social Security taxes are capped at $180,000 in income.
You pay the same amount if you make 180k, 180 million, or 5 billion.
If they removed that cap, it would take care of any financial issues Social Security has forever. Rich people don't want to pay into something they'll never need, but that's part of living in a society.
No I was clarifying what you said since what you said originally was incorrect. You said they pay up to "$180,000 in Social Security taxes due to the cap"
But they don't pay up to $180,000 in taxes so I wanted to make sure that was pointed out. Sorry to ruffle your feathers, hope you have a better day!
Most of what they make is never considered income so itās not taxed and considered part of that percentage. So effectively itās even lower. Appreciation upon death isnāt taxed.
But how much did he pay, he may own shares but he's not all of Amazon.
The "Wealth vs. Income" Gap: Billionaires like Bezos typically draw a very small annual cash salary (historically around $82,000 from Amazon), meaning personal income taxes fluctuate heavily depending on when they choose to liquidate or sell stock shares.
Stock Sales: The $2.7 billion estimate was triggered when Bezos sold roughly $13.6 billion worth of Amazon shares.
Effective Rate Context: While $2.7 billion is a massive cash sum, financial analysts noted it amounted to roughly 4.5% of his total net worth increase during that surge year and roughly 1% of his overall cumulative fortune. I would like to only pay 1% income tax , average person pays roughly 30%.
People this rich dont pay taxes on anything really. As you said most of these rich assholes have a small salary that gets taxed and then millions-billions in stocks. They then use those stocks to take out zero interest loans to live off of. when it comes time to pay that loan they borrow from another bank to pay it off. It's like putting everything on credit and then paying off that credit card with another zero interest credit card on repeat. They borrow until they die never selling stocks so that they dont have to pay the taxes on stock gains and there is no taxes on those loans.
You do understand that in a normal administration that isnt so corrupt the govt is technically us...right? So yes more billionaires money and big businesses money should go to the givt to be distributed properly
āThe government is technically usā is an adorable fairy tale. I'm pretty sure 'we' didn't vote to fund endless foreign wars, bail out massive banks, and subsidize Nancy Pelosiās stock portfolio. They aren't distributing anything back to you, bud.
If you honestly think a rigged two party system giving you a choice between Bad Option A and Bad Option B means the public 'actively chose' government corruption, you don't understand how political capture works.
This is a wild rewrite of history. In 2008, Obama literally won the presidency, including New York, by running against the Iraq War because the entire country was sick of endless interventions. He ran on anti-war and won, but then turned around and drone-struck the entire Middle East anyway lol. Voters didn't force politicians into those wars, military-industrial complex lobbyists did. Stop giving corrupt elites a pass.
Oh. Ā I like money so if Iām the government getting the money I thinkā¦ yes? Ā Give the government more money as long as that government is me. Ā You can trust me. Ā Iām on the Internet.
It's not a charity, billionaires only becomes billionaires by stealing it from the labor class. It's already our money.
It works well with an ethical and not-corrupt politician like Mamdani.
If you're an "all politicians are corrupt" doomer, than you're part of the problem, because your complacency normalizes corruption from the wealthy, powerful, and Epstein class.
āIt works well with an ethical politician like Mamdaniā imagine calling someone a 'doomer' because they refuse to buy into the fan fiction that a career politician is going to save them.
Going from 'Hey, maybe the federal government is highly inefficient with money' to 'You must be complacent with the Epstein class' is an Olympic level stretch. Seek help
There is real life evidence that proves it can work, but no amount of facts or evidence could peel you away from licking those Epstein class boots.
You might feel confident in your anonymity on reddit, but nothing disappears from the internet forever. One day you could be fingerprinted as one of the Epstein class boot lickers.
Itās actually $0 to Bezos since Amazon delivery vehicles are all owned by subcontractors, not Amazon. The fines are paid by small business owners and Amazon isnāt reimbursing them for fines.
This time Amazon actually paid the fines. I know it's not Bezos personally and that's a whole other conversation but at the very least the subcontractors didn't have to pay.Ā
That is true literally everywhere in the country. Amazon does not operate their own delivery vehicles in any state, they are all operated by contracted ādelivery service providers.ā
Just because it looks like a company owned truck does not make it one. Same deal with FedEx Ground (not Express), all farmed out to business that one one or more trucks and crews.
I don't know the ins and outs of who owns them, but here in "flyover country" Omaha, Amazon deliveries are mostly done by Amazon vans, but there are some vans with no markings on them that also do deliveries, and sometimes even private vehicles will.
There was just a court case in recent news that affirmed sovereign immunity for USPS with specific exceptions
Let's say parking enforcement comes up to an empty vehicle parked illegally, does that ticket get made out to the person currently driving the car or to the owner of the car. If the person who drove it there gets ticketed, please explain how they found that person.
Depending what the baseline is. If we're basing it off of a salary of $1 million per year, it would be 3 dollars for Amazon, 33 dollars for Bezos himself. Let's be honest, it's still nothing. I don't make a million, and if I got a fine for 33 dollars, I'd forget it tomorrow.
But it's millions for the public. Why are you framing a win for public good as bad? Mumdani making right on wrongs of avoided fines by a cooperation is still functional
That 9 million is coming out of YOUR pocket, and every other customers as well. Use your brain. Bezos doesn't own Amazon, he just runs it. He isn't paying anything towards those fines. We are.
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