He really is the best president of my lifetime

is this hunter? dude, where's my free crackpipe?
m.youtube.com/watch?v=xUt8R_fasdI

*ahem* billionaires seldom even pay tax, they aren't on*
>income tax

> economics midwit
kek...keep thinking the men in the ivory tower give a shit about you. Yes, more service industry based employment that doesn't pay a person enough for the necessities. Yes, that's what we need, more shilling for the financial elite and powerful. Yes, good boi, keep licking their boots and pushing your shitty Reagan-era narrative. I bet you think Trickle Down economics actually, worked as well, huh?

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I'm curious as to how this will work since most billionaires, hell, even multi-millionaires worth their salt know how to manage their wealth so that governments can't touch it. They also have their hands in multiple industries across multiple countries so that if a government tries this shit, they can say, "Okay, I'm shutting down my operations in your country. Enjoy dealing with the spike in unemployment, asshole."

this shit literally doesn't matter, they're just gonna find another loophole, or way to dodge these taxes.
raising taxes doesn't mean shit, the first thing that needs to be done is to make sure the taxes are being paid in the first place

They want to force billionaires who don't pay 20% on their 'full income' to do so, even if their financial gains are unrealised.

I'm not American, but TO be fair, Biden is proposing something sensible. They can pay in advance instead of shielding their wealth for decades on end. If they aren't realising their investment gains by selling anything, jobs aren't being created as a result of their portfolio increasing in value.

Stop sucking their cock.

No you're right on that account. They'll just raise the price of their good/service until it is almost unaffordable, while still not raising their workers pay to the rate of inflation while they meet with their banker to sign off on their new vacation home in Bern. Faggot.

you're curious? there's google, idiot.

it taxes the fake value that makes them a billionaire; the 80 billion in "unrealized capital gains" from their stock options.

Check my Interstella 5555 quads, bitches.

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Kinda like how arbitrarily inflating a house's price adds value to the GDP when in fact nothing is actually created except numbers on a screen? OOPS! Did we leak their secret?

How's the trickle down working for you so far shithead. That's right supply side is dead. Go shill somewhere else.

Have oil workers or refinery workers gotten a raise recently?
How much is gas now?
ITS FUCKING EXACTLY WHAT THEY DO.

Abstract art is valueless except to he who values it. We're all cogs in a machine. What is the value of the dollar? If it were a gold backed currency, what is the value of gold?

Nothing is real. Tax the rich.

I'm pretty sure Billionaires already pay more than 20% income tax...

They could steal the billionaires assets and money and not be able to run the country for a year.

It's 20% on what hasn't been liquidated. They won't starve on the breadline. It's time to make them pay up.

so you're saying they're going to start taxing people based on their net worth and not their income/earnings? I guess I have to somehow come up with $200k liquid since all my net worth is tied up in property

Can you break this down for a retard? ELI5

What so the government can waste it on welfare faggots? Ukraine? Kickbacks? Pork? Niggers?
Billionaires can do more with that money than any bureaufaggot.
Fix spending and you won't need so much tax money.
FFS Joe just printed 10 trillion in less than a fucking year!

Supply side has been in practice since the 70s and salaries haven't gone up since then, adjusting for inflation.
CEO pay has exploded since then, so forcing google or Amazon to quit accountant dodging tax isn't a R or D issue, it's a common sense repair on a leaky system.
The Democrats are pants on head retarded right now, but this is Robert Reich policy from the 90s and that guy is smart.

you're asking the wrong people...

>they're going to start taxing people
No they're going to start taxing the ultra wealthy who can afford to pay taxes on the increasing value of their stock options and/or various financial investments.

Ordinary people ≠ billionaires who meet that threshold.

Use Google.

Oh yeah that will totally stay "rich only"
Wait till he taxes your "unrealized income"on the home you live in because of uncontrolled government spending increasing inflation toa 40 year high.

Nothing is going to save them in the midterms. Total democrat rule has been an unmitigated disaster.

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Wrong! People like Musk and Buffet don't pay a dollar. Actually, they get refunds for excess paid taxes! How? Easy: they don't earn salaries! All their money are earned by enterprises they own. They would only pay for that if they'd ever sell their properties, what never happens, because they only change hands. How do they manage to pay their expenses? They charge the enterprises they own. Oh, and you may be thinking, so, if the enterprises pays the bills, they also must be paying the taxes. True, but they are not persons, so the taxes they pay are for production, not for income, meaning, the taxes are just added to the price of their products, the profits are tax free, making the rich bitches even richer.

>Oh yeah that will totally stay "rich only"
This conversation is over. You couldn't not veer into the realm of conspiracy could you. It's Any Forums after all.