Exclusive Tax Proposals On American Billionaires

[DoublerHunter]

And one time tax payment,  😞 😞.. never heard of that before, pretty similar to the line of scammers in crypto, "one time payment".

Yeah one time tax is an absurd way to ask for money. They should have rather gone with forced donation.

^ If that happens there would be a possibility, a price hike of the products and shares of stock in the market of the mentioned billionaires, and it is like winning a lottery. One day the Government will earn billions of Money in a One time Tax. There is literally a Political Agenda. Even Though I can say that the mentioned billionaires can earn that money again, but for sure there are plans and  investments that could help individual for employment that could possibly be postpone or delay.

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[exstasie]

In short, the lazy welfare rats want free money by taxing the hard working rich people.

Why do you assume rich people are hard working?

The hardest working people I've ever known are poor as hell and work multiple jobs to take care of their families. The richest people I know have never worked a single day in their life. Trust fund babies, people who took their parent's real estate and money and invested without ever working for anything. Every cent they have was built on other people's backs. What do they know about work?

For some reason people imagine struggling small business owners who actually work, then they project that image onto monopolizing billionaire scum like Jeff Bezos, who spend extraordinary amounts of money crushing labor unionization and doing corporate lobbying to protect their poor workplace practices and anti-consumer practices.

Their "hard work" is pouring barely taxed profits into maintaining monopolies so they can legally mistreat workers and suck us all dry as consumers. Has anyone else noticed how popular items sold on Prime have quietly increased in price 20-100% over the past 2 years? That's not inflation. It's Amazon price gouging after putting most of their competitors out of business.

This is not a free market. This is not capitalism. This is not "hard work." People get so mad at the idea of poor people getting free money, but they have no problem with governments handing giant corporations so much more. Why?

They want to tax capital gains and dividends, at a rate which is equal to the tax on regular income. But if the tax level is increased to such an amount, then why the rich should make investments?

They can always renounce their citizenship and move to some tax haven if it's such a burden.

They can simply hold their wealth in the form of bullion or treasury bonds and avoid paying any tax.

If they want to liquidate that bullion or treasury bonds, then taxes will come due.

[South Park]

The election is nearing, and I don't think this will pass into various readings considering that everyone's attention and efforts are not really directed into making billionaires pay hefty taxes. Everyone running for a position in the government are trying their hardest to appeal the masses and get their votes. Anyway, there would be some opposition for this, surely. Then again, we are in the age wherein most people feel like the billionaires aren't already paying enough taxes (which is true, partly) that they have to increase their contribution to the public coffers for the welfare of all. The intention is good, though the timing isn't, and can be purely for show and appeal.

OK. Let me translate this in to simple English.

In short, the lazy welfare rats want free money by taxing the hard working rich people. They want to tax capital gains and dividends, at a rate which is equal to the tax on regular income. But if the tax level is increased to such an amount, then why the rich should make investments? They can simply hold their wealth in the form of bullion or treasury bonds and avoid paying any tax. But then, there will be widespread unemployment and the economy will be ruined (I am sure that the welfare rats won't mind that, since they are not impacted).

This is why taxing the rich despite being so popular is never going to work, the rich can buy the government if they want and avoid that outcome and even if they cannot do that they can always move their money to another location and avoid the taxes that way and if things get too extreme they could always renounce their citizenship and move completely to another country with more lenient tax laws as such it is impossible to tax the rich like that and not destroy the economy in the process.