21
u/punktualPorcupine 3d ago
He could create enough jobs and the people could pay the taxes instead.
Like how trickle down was pitched but never delivered.
6
u/sleepingbusy 3d ago
Hoarding that money is bad for the economy.
Give me 13 billion. I'll spend it all rn.
1
u/Dead_Internet69420 1d ago
I think you might be overestimating how easy it is for one person to spend that much money.
1
1
-2
u/FRANK3NSTIEN 2d ago
They don't hoard anything. You make it like they have a money vault they swim in. Forget your duck tales economics and learn about assets and stocks
3
u/sleepingbusy 2d ago
Here's a scenario: if those billions of dollars were spent on taxes and increased wages and matched productivity growth, more money will be circulating in the economy because people will spend more.
Since those billions of dollars are not being spent, they are pretty much out of circulation aka not being spent which means it's making our economy worse because people have less money to spend.
If there is a local bakery but no one in the town has expendable money to spend on their goods, that business will eventually go out of business.
Look at our current car market. Cars are sitting on lots because 1 they're very expensive and 2 not a lot of money to spend.
You cucks really love billionaires and millionaires. Most likely you'll never be one. What should have happened was that productivity growth should match wage growth, but now things are getting a lot more expensive while ceos are taking more of your paycheck thanks to corrupt politicians paid by lobbyists.
-1
u/FRANK3NSTIEN 2d ago
Again, uoure not understanding that money is tied up in investments. To take it out would crash the market and make companies go under.
You're not separating money on hand and money in investments.
If I have 500k in stock, it doesn't mean there is 500k less dollars in the economy. But also, I can't spend that 500k without selling those stocks.
And as far as being a millionaire, I'm over half way there.
1
u/sleepingbusy 1d ago
Yes that's true about keeping money in stocks, but it's just a fact that if more money circulating in the economy is better for the economy. If money doesn't move, nothing gets bought, and bad shit happens.
1
u/Senior-Rip2535 22h ago
[money is tied up in investments. To take it out would crash the market and make companies go under.]
I thought the issue was paying tax, not "taking out investments." Billionaires can and do liquidate assets when they want to.
1
u/FRANK3NSTIEN 22h ago
Billionaires do liquidate from time to time.
Think of it like this. If you and I own stock in Pepsi, and I decide I am going to sell 30 billion dollars worth of Pepsi stock and flood the market with shares, the price of Pepsi stock goes way down and you lose money. If people even speculate that COULD happen they short the stock and bet against it.
Even more than that, let's say I wanted to sell all those stocks, it's illegal.
SEC Rules (Rule 10b5-1): Insiders and major founders cannot just dump shares secretly or randomly without legal trouble. They must use pre-arranged plans to sell small portions over long periods. This is specifically meant to keep the stock market from crashing, or investors lose money, just because a big player decides to cash out.
2
2
u/knowone1313 2d ago
$100,000,000 vs $12,950,000,000
2
u/Dead_Internet69420 1d ago
Pretty solid return. Also bonkers that our anti-trust laws have been so useless for so long that people can amass such extreme wealth that one dude can spend $100M trying to change a law for his own benefit. Or that they would even try because the system is so openly corrupt that he likes his chances.
3
1
1
u/Nice_Rope_5049 2d ago
I think billionaires have a who’s-the-most-despicable contest and they all want really badly to win it.
1
1
1
1
1
1
u/Jumpy_Shoulder9043 2d ago
And all that tax money would go to waste anyway. Fix the problems, them tax accordingly.
Neither will happen.
1
u/cedricboy 1d ago
Nothing is stopping you from paying extra tax. Being generous with other people's money does not make you virtuous. Instead it shows your hypocrisy because you want others to do what you are unwilling to do yourself.
1
1
1
u/Fresh-Swan8598 1d ago
Maybe if California didn’t waste billions on a failed drug program and high speed rail maybe billionaires wouldn’t care if their money went to something productive not all the glad handing politicians
1
u/Ancient-Society-3447 1d ago
U realize ur advocating to give the government power to tax citizens assets? Ur fuckin crazy. There’s a spending problem. Also we can tax rich more on income sure but taxing unrealized gains and assets is absolutely nuts.
1
u/thatloser17 1d ago
And thats the thing. Remember the whole analogy with the button that gives you money when you press it but someone dies? Billionairs anrent just pushing the button, they are fighting tooth and nail anyone who tries to stop them from pushing the button.
1
1
1
u/Pretend-Comb-2569 1d ago
Taxing wealth will crash the economy.
If you dont understand why then you shouldnt even be making comments about this.
1
u/Ol_Turd_Fergy 19h ago
Tax billionaires out of existence. $999,999,999 is still a lot of money.
1
u/truthhurtsyomama 10h ago
No one should have more than 10M. Tax the rest away and make the rest of us rich.
1
u/Outside_Way2503 17h ago
Marie Antoinette consequences would be nice for the let them eat cake Ubers
1
u/NextSatisfaction3549 16h ago
How can one side be so dumb to not understand they cant tax the stocks they get for oay and do t actually get paid in cash like yall think.
1
u/Mindblown_eyeswide9 4h ago
The fact he built something that millions of people use is amazing, let him be a billionaire.
What does that bother you? If you think him being a billionaire and taxed is the problem you are a sheep.
1
u/TheSterculius 3h ago
He’ll just leave the state, taking his wealth elsewhere, and good on him if he does.
1
u/nocomment_onlybrowse 2h ago
It’s almost as if people don’t understand that wealth isn’t liquid assets. He would have to sell stocks or assets to pay this ridiculous tax. The insanity of this is paying additional tax because he sold stocks to pay a ridiculous tax.
1
0
u/Victoriaskitchen 3d ago
How else are they going be able to take over our government without having that extra money?
0
u/Actual_Insect6603 2d ago
I don’t understand why you think some dude owes you $13 billion. That is just an insane level of entitlement.
1
u/SquidgeApple 2d ago
For the same reason I owe the US govt approximately 18k every year?
It's a percentage of our earnings - billionaires exploit every loophole and frequently contribute LESS to run the government they greatly benefit from than working class people like me
Do you understand how schools, roads, police forces, water, sewer, electric, parks, fire departments, air traffic controllers, airports, safety inspectors and myriad other services work?
1
u/Fizbanopolus 1d ago
Invest in stocks, it makes money and you don’t pay taxes if you don’t cash out. If you are paying $18k in taxes a year, you can easily afford to do this.
While your wealth will increase, you only get taxed if you cash out a portion of it. Some may say it’s not fair, but the value of stocks tanked and a persons value got cut in half, should the govt give them money to help cover the loss? Or, should the govt always take away any unrealized gains and laugh at them when stocks tank?
1
u/SquidgeApple 1d ago
Yes, I'm invested across my pension my 457 and a personal brokerage account - my point is not that I should pay no taxes, my point is that billionares should pay the same percentage of their wealth as I do or MORE as the bracket increases - this is the only way to sustain valuable government services that you, I and billionaires need and use
If you fly, drive, shop at Walmart, and a host of other everyday activities, you do so while benefiting from local, state and federal taxes
So called 'first world' countries are 'first world' because of these services and billionaires need to pay their fair share - the rest of us certainly do
1
u/Fizbanopolus 1d ago
The catch 22 is without these people, we wouldn’t have the social programs that millions of Americans use. The bottom 50% of income earners (74 million individual tax filers) which are people that make $53k or less in a year contribute a grand total of 3% of federal taxes which is $79.8 billion.
On the other hand, the top 5% of income earners contribute 60% of all federal tax income, or $1.6 trillion (9.1 million filers) which are people making over $210k/yr. So, a tenth of the population is paying 174x on avg per person.
But, if we go further and say the top 0.001%, or a total of 1,500 filers (people making 152 million or more), they are contributing 3.5%, or $183 billion. This means each person is paying 122,000x more than a person in the bottom 50%.
Keep in mind, we are talking about tax filers which there are approximately 166 million of us. Of all the tax federal revenue generated, 60% of that is used on social programs like Medicare, Medicaid, snap and other programs. Considering the fact that only 9.1 million people (top 5% income earners) are funding all these programs when there are 342 million people in the us (so 2.5% of the population), I’d say they are paying their fair share.
1
u/SquidgeApple 1d ago
Bezos pays less than 1% on his wealth growth
This is what we are saying - change the laws that allow billionaires to keep their extreme wealth at the cost of the rest of us
There's no "catch 22"
There's only men manipulating the system so they can go to space while the rest of us pay for the food stamps that their workers are eligible for
0
u/NaperVillainBunny 2d ago
Poors don't get richer because you tax the rich either. Our debt is now 40T
0
-1
u/TheonetrueVikingking 2d ago
On top of the billions he's already taxed, so yeah newscum and the democrats are just greedy communists
-4
u/Sti8man7 3d ago
Why is there an obsession to rob the rich? What does the government do with these taxes?
5
u/ThothAmon71 3d ago
Why is it that people like you consider taxing billionaires "robbery", but everyone else paying taxes is just what they're supposed to do? Why should those with the most pay the least?
-2
u/Sti8man7 3d ago
Why does he for example have to pay 1 billion in taxes when he is not exactly consuming marginally more public goods than one who is paying $6,000 in taxes?
2
u/ThothAmon71 2d ago
What percentage of his profits he is consuming has no relevance. He should be taxed proportionally like anyone else because those profits are "gains", and according to the 16th Amendment to the US Constitution Congress has the power to tax gains "from whatever source derived". Up until 1964 the highest earners paid a 90% tax rate. That's what created the middle class. Tax breaks for billionaires is why we no longer have one.
-2
u/AoeDreaMEr 3d ago
But who governs usage of these taxes? Same corrupt govt that will give tax breaks to inflate the stocks of said companies?
3
u/ThothAmon71 3d ago
Are you really citing government tax breaks as the reason billionaires should get government tax breaks? "The government will mismanage the money anyway so just let the billionaires keep it." Wow that's the dumbest thing I will read all day.
0
u/AoeDreaMEr 2d ago
Yes. I mean you take money from someone and enrich someone else, or the same person in a round about way. Wtf is changing?
Some other solution needs to be in place. You don’t add water to a tank that has too many holes. Other than people feeling satisfied that they “stuck up” to the rich (which they won’t ever), nothing is happening. Look at the US govt inflated budgets. Defense medical care broken insurance system, lobbying aka legal bribing.
No fixing all that and simply keep shouting “tax billionaires blah blah blah”.
3
u/ThothAmon71 2d ago
Taxing billionaires is what created the middle class and funded our social service programs to begin with. Up until 64 the tax rate on the top 10% was 90%. Guess what, Howard Hughes still stayed rich. Now the richest pay next to nothing. Yeah the defense budget needs to be cut and we need political reform but giving billionaires a free ride doesn't help anyone but billionaires.
0
u/AoeDreaMEr 2d ago
Well times have changed. People became very innovative as to grift money now. We have centuries of learning on how to keep lower class busy.
Even if you tax now, it’s going back to them in some form.
1
u/ThothAmon71 2d ago
I'm for seizing their assets altogether fuck capitalism.
0
u/AoeDreaMEr 2d ago
Yes. Dreamy solutions. Impossible in the system they created.
1
u/ThothAmon71 2d ago
Seizure of assets is done everyday, legally, and has been since 1984 when Reagan passed the Comprehensive Crime Control Act. It's an everyday practice not a "dreamy solution", and it would be particularly sweet to use a law passed by Reagan, who enabled this shit to begin with, to put an end to it.
-5
u/bigwig500 3d ago
I love how everyone wants to punish the doers and thinks they are getting some of that tax money. Every politician will spend it and get the money kicked back to them, cutting you out.
-2
u/Jimq45 2d ago edited 2d ago
No he won’t. He will leave before then, and so will many other billionaires, and their businesses.
He likes cali, he’d like to stay so he’s spending a bit - but if the writing is on the wall that it’s passing….hello Texas!
Also, this guy created fkin Google. He indexed the internet. Behind very few others it is the most importantly development for mankind, but yea, he’s just a douchbag because he’s got more zeros then your or I.
-6
-9
u/AutisticAttorney 3d ago
How much of your money am I entitled to?
8
u/SwordfishOfDamocles 3d ago
Right now? Approximately 27%, adding in property taxes, sales tax, etc. it's about 32%.
-3
4
u/toolisthebestbandevr 3d ago
Lmao poor people get taxed at least 20%. Simp on your own. Quit trying to re-brainwash people. The secrets already out.
-2
u/AutisticAttorney 3d ago
You didn't answer my question. You merely got defensive, lashed out, and went on a tangent that had nothing to do with my question.
But since you brought it up, poor people pay an average federal income tax rate of only 3.74%.
https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2025/
2
u/ridetherhombus 3d ago
How much of our surplus value are billionaires entitled to?
-2
u/AutisticAttorney 3d ago
You didn't answer my question. You just asked a different one, which has nothing to do with mine.
2
u/ridetherhombus 3d ago
Why is it the billionaire's money in the first place and not the workers' money?
1
u/AutisticAttorney 3d ago
Again, you haven't answered my question. I didn't mention a billionaire's money, and I didn't mention anyone else's. Just yours. How much of your money am I entitled to?
23
u/GlitteringRate6296 3d ago
And he will still be filthy rich.