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[–] 4 points 7 months ago (4 children)

Are you deranged? They have net worths in the hundreds of billions of dollars. They make billions more dollars each year. I just explained in detail how they game the tax system to avoid paying taxes on their gains. I'm not going to write it all out for you again just because you missed it the first time.

Yes, obviously their revenue comes from the consumers. In the same way your salary comes from your employer. Money changes hands, that's the whole point. What difference does that make?

By the way, a significant portion of their revenue (with increasing emphasis lately) comes from business-to-business sales. Not the consumer.

And no, China doesn't pay the US tariffs. The US importers do, and they pass the costs on to their consumers. What kind of idiotic strawman/red herring was that supposed to be? If I was a moron who thought China pays US tariffs, I wouldn't be here saying "tax the rich," would I? Stop deflecting from your plutocrat apologia.

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  • [+] -5 points 7 months ago (3 children)
  • [–] 3 points 7 months ago (2 children)

    "the billionaire don't have a billion dollars"

    Oh yeah, I forgot "billionaire" is what we call someone who doesn't have a billion dollars...

    "No one has figured out how to tax them"

    I just explained it in detail, which you continue to ignore. People have figured it out, it's not that complicated. It just doesn't get implemented because politicians are bought by corporate dark money lobby groups, and people like you do a lot of footwork obfuscating the situation on the internet by pretending billionaires are poor and penniless.

    "the 'wealth' elon has is backed from stocks at 350 p/e. That money isn't real"

    Yes, their net worths are inflated (which gives them benefits on loans, which they use to further inflate their wealth). But that's easy to fix. Either don't let them declare worths that are higher than reality, or tax them at the net worths they declare.

    Either way, that doesn't change anything I said about how capital gains are taxed, or how they should be taxed.

    Get a clue.

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  • [+] -4 points 7 months ago (1 child)
  • [–] 3 points 7 months ago

    I'm not saying their net worth statements aren't inflated, but that doesn't matter to this conversation because it's not net worth that gets taxed. I already explained how they reduce their tax liability, which is primarily capital gains tax for them, and I mentioned things that could be done about it. This whole argument about their wealth being inflated is a red herring.

    Although I don't believe you're being genuine, if you really want to you can look into circular lending and how corporations make a gagglefuck with each other by lending money to each other that they borrowed from each other. But I'm not going to break it all down for you any further because you're clearly not arguing in good faith. If you're just mentally challenged though, I apologize for being harsh.

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