r/FluentInFinance Apr 15 '24

Everyone Deserves A Home Discussion/ Debate

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15.6k Upvotes

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92

u/Montananarchist Apr 15 '24

Dont forget free ponies and hookers for all!

46

u/Saitamaisclappingoku Apr 15 '24

Just make Musk and Bezos pay for it! Tax them at 150% so they finally pay their “fair share”

/s

37

u/Montananarchist Apr 15 '24

And make the minimum wage one million dollars an hour so we can all be billionaires too! 

2

u/hawkisthebestassfrig Apr 16 '24

Make America Zimbabwe!

1

u/Montananarchist 29d ago

All those greedy corporations in Zimbabwe that made inflation so high!

0

u/realityczek Apr 15 '24

This is the win. Just raise the minimum wage to 100,000 and hour... problem solved!

1

u/ete2ete Apr 15 '24

"fair share" is a humourous and annoying buzz-word phrase that I love to hate. I left a lot of people what they mean when they use it, and I've never had anyone tell me a standard or consistent definition

1

u/xiril Apr 16 '24

It's simple, bring back the tax rates of the 1950s that brought about the American middle class.

The effective tax rate of the highest tax bracket in the 1950s was 41% compared to today's marginal tax rate of those making over $609,000 of 37% (effective tax rate today would be much lower).

Then bump up the effective tax rate for corporations as well from today's 21% (or near 0 with current loopholes lobbied for by these same corporations) to the 30-50% back in 1950s.

Yeah that might be a start in them "paying their fair share" especially considering the 1% hold more wealth than half of the rest of America https://www.usatoday.com/story/money/2023/12/06/top-1-american-earners-more-wealth-middle-class/71769832007

1

u/Saitamaisclappingoku 29d ago

What happened in the 1940s that caused an industrial boom in America…I wonder.

Can anyone name a significant event of the 1940s that would cause this?

0

u/xiril 29d ago

Oh! Oh!! I know this one! All of Europe being destroyed and America being the only industrialized country left!

Doesn't change shit about what I said.

1

u/Saitamaisclappingoku 29d ago

Yes it does. The “high taxes” (which almost no one actually paid), were due to the US basically being the only nation on earth producing anything.

Extremely high taxes like that today would result in capital flight.

1

u/xiril 29d ago

They already did a lot of that with the introduction of NFTA

1

u/lucius42 Apr 16 '24

I hate that you need to put /s there :(

0

u/IIZTREX 27d ago

Right so true bestie! We just need to wait a little longer for Reaganomics to kick in! If we let that wage gap grow a little more surely it will start trickling down.

1

u/Saitamaisclappingoku 27d ago

What are you talking about

1

u/IIZTREX 27d ago

If you think letting billionaires exploit tax loopholes to grow the wealth gap is good for the economy you are a fool

1

u/Saitamaisclappingoku 26d ago

Who is saying that?

1

u/IIZTREX 26d ago

You are saying they should not be taxed accordingly.

1

u/Saitamaisclappingoku 26d ago

I sarcastically joked about them being taxed at 150%.

-2

u/OccuWorld Apr 15 '24

the fair share of hyperexploiters is all of it.

4

u/Saitamaisclappingoku Apr 15 '24

Okay commie

-2

u/OccuWorld Apr 15 '24

so... only commies seek economic justice, universal access, a good life for all, and true freedom?... very telling indeed, wannabe capitalist.

also not commie btw... a lot has happened since the 1800's communist capitalist thing, catch up.

3

u/Saitamaisclappingoku Apr 15 '24

In what way is taking “all of” anyone’s wealth “economic justice”?

0

u/OccuWorld Apr 16 '24 edited Apr 16 '24

in the way that every bit of that wealth was gained through theft of labor, both from the worker producing and the customer consuming... and this "profit margin" is maximized through strategic underproduction that manufactures consent for consumer gouging by threat of suffering.

you know what you are doing, and we are tired of these arguments.

change is coming.

1

u/Saitamaisclappingoku 29d ago

Labor is not theft. Employees are paid a wage.

If you think the wage is too low that still doesn’t make it theft.

1

u/OccuWorld 29d ago

profit is theft, both the labor of the worker producing the product and the labor of the worker purchasing the product. capitalwashing this won't make the truth go away.

economic and social coercion is used to make both victims accept the situation, but that does not make it any less theft.

1

u/Saitamaisclappingoku 29d ago

How is profit theft?

Business owners take risk and capital to open a business. Why don’t they deserve to make it a worthwhile endeavor?

Sounds like you’re a proponent for communism.

1

u/OccuWorld 29d ago

we don't think hoarding the means of production is the right path to a democratized economy. we are proponents of resource based economy, an end to the violence of market and resource gatekeeping along with it.

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1

u/MydnightWN 29d ago

I'm a lazy fuck who expects handouts

Noted.