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The New Coffee Room

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  3. The "Wealth Tax"

The "Wealth Tax"

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  • jon-nycJ jon-nyc

    DO you know what really gets me about these proposals? They're driven by malice. Or at least the motivations are invidious.

    It's true she says that such a tax will allow us to pay for x, y, and z. But she would happily pass x, y, and z and finance it with just debt. Without a second thought.

    The tax isn't a means to an end, it's an end in itself. Really she just wants to smite people who have done very well under the current system.

    George KG Offline
    George KG Offline
    George K
    wrote on last edited by
    #4

    @jon-nyc said in The "Wealth Tax":

    Really she just wants to smite people who have done very well under the current system.

    Have you seen (I know, I know) Bill Whittle's video on jealousy?

    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

    1 Reply Last reply
    • 89th8 Offline
      89th8 Offline
      89th
      wrote on last edited by
      #5

      Good post @jon-nyc

      @George-K i can haz link?

      George KG 1 Reply Last reply
      • jon-nycJ jon-nyc

        DO you know what really gets me about these proposals? They're driven by malice. Or at least the motivations are invidious.

        It's true she says that such a tax will allow us to pay for x, y, and z. But she would happily pass x, y, and z and finance it with just debt. Without a second thought.

        The tax isn't a means to an end, it's an end in itself. Really she just wants to smite people who have done very well under the current system.

        LuFins DadL Offline
        LuFins DadL Offline
        LuFins Dad
        wrote on last edited by
        #6

        @jon-nyc said in The "Wealth Tax":

        DO you know what really gets me about these proposals? They're driven by malice. Or at least the motivations are invidious.

        It's true she says that such a tax will allow us to pay for x, y, and z. But she would happily pass x, y, and z and finance it with just debt. Without a second thought.

        The tax isn't a means to an end, it's an end in itself

        Give her some credit. If she can pay for x-y-z then she can use debt to finance aa, bb, cc...

        The Brad

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        • 89th8 89th

          Good post @jon-nyc

          @George-K i can haz link?

          George KG Offline
          George KG Offline
          George K
          wrote on last edited by
          #7

          @89th said in The "Wealth Tax":

          Good post @jon-nyc

          @George-K i can haz link?

          Link to video

          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

          1 Reply Last reply
          • jon-nycJ Online
            jon-nycJ Online
            jon-nyc
            wrote on last edited by jon-nyc
            #8

            It's not too emotionally distant from the politics of resentment.

            Both are basically the result of status differentials viewed through a moral lens. Two faces of populism really.

            "You never know what worse luck your bad luck has saved you from."
            -Cormac McCarthy

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            • jon-nycJ jon-nyc

              DO you know what really gets me about these proposals? They're driven by malice. Or at least the motivations are invidious.

              It's true she says that such a tax will allow us to pay for x, y, and z. But she would happily pass x, y, and z and finance it with just debt. Without a second thought.

              The tax isn't a means to an end, it's an end in itself. Really she just wants to smite people who have done very well under the current system.

              L Offline
              L Offline
              Loki
              wrote on last edited by
              #9

              @jon-nyc said in The "Wealth Tax":

              DO you know what really gets me about these proposals? They're driven by malice. Or at least the motivations are invidious.

              It's true she says that such a tax will allow us to pay for x, y, and z. But she would happily pass x, y, and z and finance it with just debt. Without a second thought.

              The tax isn't a means to an end, it's an end in itself. Really she just wants to smite people who have done very well under the current system.

              One could say the ends are the next election so the ends justify the means. I get that when the wealth gap is too large it could be a destabilizing force. I was struck by the comment somewhere that the Uber wealthy no longer congregate in church, go to the same schools nor socialize at all with the unvarnished masses and that somehow because many businesses no longer need massive labor, the wealthy have lost interest.

              1 Reply Last reply
              • jon-nycJ Online
                jon-nycJ Online
                jon-nyc
                wrote on last edited by
                #10

                I get that envy is part of the human condition and we need to accommodate it to a certain degree for pragmatic reasons.

                "You never know what worse luck your bad luck has saved you from."
                -Cormac McCarthy

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                • jon-nycJ jon-nyc

                  DO you know what really gets me about these proposals? They're driven by malice. Or at least the motivations are invidious.

                  It's true she says that such a tax will allow us to pay for x, y, and z. But she would happily pass x, y, and z and finance it with just debt. Without a second thought.

                  The tax isn't a means to an end, it's an end in itself. Really she just wants to smite people who have done very well under the current system.

                  taiwan_girlT Offline
                  taiwan_girlT Offline
                  taiwan_girl
                  wrote on last edited by
                  #11

                  @jon-nyc said in The "Wealth Tax":

                  Really she just wants to smite people who have done very well under the current system.

                  Agree. I dont think that there are any parents in the world who tell their kids,

                  "I want you to grow up to be poor!"

                  DOnt be jealous of those who have done well.

                  1 Reply Last reply
                  • HoraceH Offline
                    HoraceH Offline
                    Horace
                    wrote on last edited by
                    #12

                    A three percent total annual tax on Jeff Bezos or Bill Gates can be expected to materially impact the stock prices of their companies, since they'd end up having to dump their own stock to pay it. Of course the same can be said of any ultra wealthy individual whose wealth is primarily tied up in the market, regardless of how diversified within it they are. These are the sorts of policies that actually would affect the stock market, TG.

                    Education is extremely important.

                    1 Reply Last reply
                    • jon-nycJ jon-nyc

                      DO you know what really gets me about these proposals? They're driven by malice. Or at least the motivations are invidious.

                      It's true she says that such a tax will allow us to pay for x, y, and z. But she would happily pass x, y, and z and finance it with just debt. Without a second thought.

                      The tax isn't a means to an end, it's an end in itself. Really she just wants to smite people who have done very well under the current system.

                      HoraceH Offline
                      HoraceH Offline
                      Horace
                      wrote on last edited by
                      #13

                      @jon-nyc said in The "Wealth Tax":

                      The tax isn't a means to an end, it's an end in itself. Really she just wants to smite people who have done very well under the current system.

                      Well, it's probably better explained by her wish to appeal to an electorate that wants that. Her own motivations are probably more strictly selfish, to win, not to smite.

                      Education is extremely important.

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