Meritocracy is a lie. No one earns a billion dollars. They steal it through exploitation of labor, tax loopholes, buying elections and politicians, and pass down their ill gotten gains generation after generation. Earning class lol. They are the parasite class. They pay all the taxes because they've stolen all the resources. Get up and stop prostrating yourself for billionaires. It's embarrassing. |
Also, we all need to get comfortable with a simpler standard of living. The way we live is unsustainable and we are destroying the planet. |
In principle, I have no problem whatsoever with taxing billionaires and corporations at much higher rates, and think there’s some room to do that. However, in the modern global economy, there’s only so far you tax before they leave the US and/or are unable to compete. Too many easy, lower tax places with stable laws and systems offering opportunities to relocate. |
This is a dramatic oversimplification. First of all, those nations generally have lower growth and far higher unemployment than the US (see Spain to take just one example). Second, they are able to do this only because of US military spending. We’re effectively subsidizing their defense. If we lowered our military spending, (a) it would make their models unsustainable, and (b) wouldn’t begin to pay for what you’re describing. Is what you describe theoretically possible? Yes, in the short term, but the cost would be very high indeed and we as a whole would be far less wealthy. |
Not enough to make any difference whatsoever in this conversation. And FWIW, I loathe Trump so take your point scoring snark elsewhere. |
And go where? Every other country they would want to go to will tax them more heavily than here. We can't keep allowing these people to hold society hostage. |
We aren't subsidizing anyone's defense. We are running a protection racket. |
And? Those same countries have higher quality of life. Being unemployed is not life-ruining in those countries. People and their lives can in fact matter more than dollars. |
DP. Trump and Musk killed USAID so sorry Argentina is relevant because we don’t have $40 billion to give away to Trump’s little friends. PP’s comment wasn’t snark and was completely germane to the convo. |
You’re romanticizing. There are major tradeoffs. 10%+ unemployment is no joke. Lower economic growth has real effects on real people. |
HEAR! HEAR! Thank you! |
Don’t be silly. Western Europe exists in its present form solely and almost exclusively because of US military expenditures over the last 75 years. |
Not entirely accurate, I’m afraid. Even with the OECD agreement on corporate tax rates, many nations deliberately keep corporate taxes low to attract foreign entities. How do you think Ireland attracted so many companies? As for billionaires, they obviously have an embarrassment of choices. |
We’ve got a sophisticated thinker here, folks! Real intellectual powerhouse. |
Read Waltz. Then Thucydides. Then review comparative military expenditures since 1947, with a focus on USSR, Eastern Bloc satellites, Western Europe and the US. Then come back with another snappy one-liner. I’ll look forward to it. |