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It's a balance (piefed.cdn.blahaj.zone)
submitted 10 months ago by to c/politicalmemes@lemmy.world
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[–] 0 points 9 months ago (2 children)

Again, none of your business, because you’re not the lender.

Let's take a practical example: please find a decent DDR5 offer. No way it could have gone up because virtual money bought it all, couldn't it?

Idiotic straw man which I will be ignoring.

If you don't understand the relation between taxes and their use, yeah: better ignore it, for your sake…

The principle of taxing people based on the value of what they already own is nonsensical, no matter how much or how little that value is. Objecting to both wealth taxes and property taxes just means I’m not a hypocrite.

Keep repeating it's "nonsensical" doesn't make it nonsensical.

Taxing based on ‘you could do without it’, especially when the definition of that excess is completely arbitrarily defined, is a horrendous precedent to set. Vibe taxation. Every wealth tax aimed at the ‘ultra-rich’ in other countries in the past has either been repealed outright, or was broadened so that it, surprise surprise, is no longer aimed only at the ultra-rich, and falls into the lap of of the middle class, once again.

Wrong. France had a wealth tax for decades. It was repealed by current President Macron, who was propped by… a billionaire. A proposal for a ultra-wealth tax (proposal was above 100M$ of wealth) was proposed by an economist in France, and he got support from a bench of Nobel Prize of Economy recipients (among a large support from economy experts).

Inflation is a thing, so those records will always be broken eventually. It only “makes headlines” to appeal to dullards who don’t understand things like that.

https://fred.stlouisfed.org/series/WFRBLTP1246

From 2020 to 2025 Q1 to Q1, from 12T$ to 22T$, that's the equivalent 12.9% per year. "inflation", sure…

Based on the failures already witnessed elsewhere in the world, yes. It objectively doesn’t make sense.

It didn't fail. Billionaires managed to get rid of it. They use their virtual non-real money to acquire as much news medias they could, so that they could prop their guy all the way up.

US Life expectancy is at it highest ever in 2025

Indeed, my bad! It's a world class winning https://www.healthdata.org/news-events/newsroom/news-releases/increases-us-life-expectancy-forecasted-stall-2050-poorer-health

Educational attainment is steadily trending upward

https://www.future-ed.org/what-the-new-pisa-results-really-say-about-u-s-schools/

Poverty is trending downward

https://www.cbo.gov/interactive/2025-reconciliation-act

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  • [–] 0 points 9 months ago (1 child)

    Keep repeating it’s “nonsensical” doesn’t make it nonsensical.

    It's not my repetition that makes it nonsensical, it's the fact that assets are purchased with already-taxed money. Having to pay the government for the 'privilege' of continuing to own what you've purchased, in perpetuity, is nonsensical, full stop.

    Wrong. France had a wealth tax for decades.

    And this was the result (emphasis added):

    Capital flight since the ISF wealth tax’s creation in 1988 amounts to ca. €200 billion; The ISF causes an annual fiscal shortfall of €7 billion, or about twice what it yields

    And it's very telling that linking to speculation about some arbitrary future date is your response to being called out on your lies re the trends of life expectancy, educational attainment, and poverty. Your inability to own up to any of your falsehoods makes you pointless to continue engaging with. The statistics are crystal clear—your assertions are demonstrably bunk.

    This reply serves only to directly contradict the most obvious additional falsehoods, for others who may read this exchange, before I move on.

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  • [–] 1 point 9 months ago

    It's not my repetition that makes it nonsensical, it's the fact that assets are purchased with already-taxed money. Having to pay the government for the 'privilege' of continuing to own what you've purchased, in perpetuity, is nonsensical, full stop.

    Tell me you don't have a damn clue how very large wealth works without telling me you don't have a damn clue how very large wealth works.

    Capital flight since the ISF wealth tax’s creation in 1988 amounts to ca. €200 billion; The ISF causes an annual fiscal shortfall of €7 billion, or about twice what it yields

    Unfortunately for you, he never could never prove the relation between taxes and wealthy people leaving, making this an interesting paper, but not a consensus, even today.
    In addition, this has mitigations: bind the tax to the citizenship (what the US is already doing for income), and/or apply a 5 years term before you have "escaped" the tax. Again, both considered manageable by economists.

    Your inability to own up to any of your falsehoods makes you pointless to continue engaging with. The statistics are crystal clear—your assertions are demonstrably bunk.

    Not sure if you in denial or bad faith. Doesn't matter.

    This reply serves only to directly contradict the most obvious additional falsehoods, for others who may read this exchange, before I move on.

    Well, since it starts with you explaining you had no idea what you talked about the whole time, yes, it's preferable.

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