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View Poll Results: Is it good or bad that the wealthiest 1% will have more wealth than the combined total of the entire
Good 11 6.15%
Bad 92 51.40%
doesn't matter/ makes no difference 76 42.46%
Voters: 179. You may not vote on this poll

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Old 11-11-2019, 06:47 AM
 
Location: the very edge of the continent
89,060 posts, read 44,877,895 times
Reputation: 13718

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Quote:
Originally Posted by ottomobeale View Post
Then they buy laws to keep them that way and THAT is more of what I am getting at. Gates and Bezos are the B team compared to big pharma for example buying the laws they want. Carried interest deduction. Hedge funds and private equity doing bust outs is another example of the hyper rich exploiting laws custom made for the hyper rich.
Don't buy pharmaceuticals. Don't agree to have a pension or invest (with employer matching) in a 401K, etc. If you are doing any of that, YOU'RE a very VOLUNTARY part of the problem about which you and many on the left consistently whine and complain.

 
Old 11-11-2019, 06:48 AM
 
Location: the very edge of the continent
89,060 posts, read 44,877,895 times
Reputation: 13718
Quote:
Originally Posted by kamban View Post
If those poorly educated, no real job, no real wealth people stop buying the high priced Air Jordans at $300 and instead buy sensible sneakers, Phil Knight and Michael Jordan will be have less millions and billions. No one is forcing anybody to buy things and yet when they do and say they participate in capitalism, they cannot whine people have become rich off those products. Even a $100 sneaker is just money wasted on advertising by those NBA stars who become rich off the backs of these poor saps.

I buy no name or non-athlete endorsed New Balance shoes on markdown clearance at $30 or so and use them for a long time. The money saved is invested in companies that helps grow wealth.
Bingo! Will they EVER get it? I honestly doubt it. /smh
 
Old 11-11-2019, 06:52 AM
 
Location: the very edge of the continent
89,060 posts, read 44,877,895 times
Reputation: 13718
Quote:
Originally Posted by AlongTheI-5 View Post
I also voluntarily vote for those that want the wealthy taxed more than less. The real boot lickers are on the other side.
That's just going to raise the prices on the goods/services they sell. They'll recoup whatever they lose via higher taxes by selling to the gullible, including you. The only real way to make a difference is to STOP buying the products/services they sell, altogether. Refuse to enrich them.
 
Old 11-11-2019, 06:57 AM
 
Location: Former land of plenty
3,212 posts, read 1,654,050 times
Reputation: 2017
Quote:
Originally Posted by InformedConsent View Post
That's just going to raise the prices on the goods/services they sell. They'll recoup whatever they lose via higher taxes by selling to the gullible, including you. The only real way to make a difference is to STOP buying the products/services they sell, altogether. Refuse to enrich them.
They got a huge tax break. Trumpflation continues on.
 
Old 11-11-2019, 07:04 AM
 
Location: the very edge of the continent
89,060 posts, read 44,877,895 times
Reputation: 13718
Quote:
Originally Posted by AlongTheI-5 View Post
They got a huge tax break.
Not really. Many got stung badly by the $10,000 cap on SALT (state and local tax) deductions, and pay even more now than they did before. Hell, I'm not even a billionaire and I got stung by that.

Think about renting an apartment/condo/house. What happens when the landlord's real estate and/or income tax increases? Yep... the rent they charge increases. See what I mean?
 
Old 11-11-2019, 07:14 AM
 
Location: Boston, MA
14,483 posts, read 11,291,687 times
Reputation: 9002
Wealth is not a zero sum game. Just because someone has billions doesn’t mean someone else has nothing.
 
Old 11-11-2019, 07:15 AM
 
Location: Former land of plenty
3,212 posts, read 1,654,050 times
Reputation: 2017
Quote:
Originally Posted by InformedConsent View Post
Not really. Many got stung badly by the $10,000 cap on SALT (state and local tax) deductions, and pay even more now than they did before. Hell, I'm not even a billionaire and I got stung by that.

Think about renting an apartment/condo/house. What happens when the landlord's real estate and/or income tax increases? Yep... the rent they charge increases. See what I mean?
This isn’t about you. It’s about them. Their top dog won’t even show us his tax returns.
 
Old 11-11-2019, 07:18 AM
 
Location: the very edge of the continent
89,060 posts, read 44,877,895 times
Reputation: 13718
Quote:
Originally Posted by AlongTheI-5 View Post
This isn’t about you. It’s about them. Their top dog won’t even show us his tax returns.
Nor should he. No one is required to make their tax returns public, and the IRS is prohibited from doing that, as well.

So... what makes you think billionaires weren't negatively impacted by the $10,000 SALT deduction limit?
 
Old 11-11-2019, 07:21 AM
 
Location: Former land of plenty
3,212 posts, read 1,654,050 times
Reputation: 2017
I never said they were negatively affected. I do know they are getting richer.
 
Old 11-11-2019, 07:24 AM
 
Location: the very edge of the continent
89,060 posts, read 44,877,895 times
Reputation: 13718
Quote:
Originally Posted by AlongTheI-5 View Post
I never said they were negatively affected. I do know they are getting richer.
They're getting richer because many people VOLUNTARILY make them richer when they BUY the products/services they're selling. STOP buying their products/services. That's an action you and the other inequity whiners can take that will actually make a difference. BUT... will you do so?
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