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Biden wants higher capital gains taxes

Discussion in 'BBS Hangout: Debate & Discussion' started by dachuda86, Apr 27, 2021.

  1. astrosrule

    astrosrule Member

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    Damn, this is like being in communist Russia all over again, seeing stuff like this. Sigh
     
  2. VooDooPope

    VooDooPope Contributing Member
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  3. Ziggy

    Ziggy 99ers STAND BY
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    Yall toss around COMMUNISM too much. Grow up. Taxing the "rich" is a natural process of balancing a healthy economy.

     
    deb4rockets and VooDooPope like this.
  4. jiggyfly

    jiggyfly Member
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    These are no reason to penalize anybody.

    You can get these things by taxing appropriately.

    You seem to think that wealth accumulation is evil and just because you think it's not ok does not make it so, that you using your morals to justify your thought process.

    Since when is ok to govern by a set of personal morals?

    The gov is not completely dysfunctional it's just not the gov you want.

    These multi billionaires you so despise are actually performing services that the public needs and wants but for some reason you ignore all of that.



    Anyway
     
  5. sammy

    sammy Contributing Member

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    2/3 of people affected by this are in favor of the increase to pay for the infrastructure plan per a Fox News poll.
     
  6. deb4rockets

    deb4rockets Hope is on the horizon in the NBA draft.
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    Not only no, but hell no!!!!!!
     
  7. fchowd0311

    fchowd0311 Contributing Member

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    So do you actually have an argument or just platitudes about Communism?
     
  8. dachuda86

    dachuda86 Member

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    So the govt taking it and being expected to actually distribute it properly is not trickle down? give me a break.
     
  9. dachuda86

    dachuda86 Member

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    Who determines this comrade?
     
  10. deb4rockets

    deb4rockets Hope is on the horizon in the NBA draft.
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    Taxing 1% at a higher rate isn't gonna cramp their lifestyle one bit. These people got more money in bailouts alone than most people make in their lifetime. If nothing changes we will end up like a 3rd world country one day, with people working 50 to 60 hour weeks to barely get by, and not even be able to afford decent healthcare. Oh wait, that is happening already for many Americans. That 1% even fights raising wages, giving proper baby leave, and vacations, or even safety regulations that cut profits from their billion dollar businesses.

    Back in the 50's and 60's corporate taxes were a lot higher. Mom's could afford to stay home and take care of their kids, and I never saw people camping under overpasses in my part of town. Things have changed, but the rich are richer than ever imaginable. These tax raises are not going to cramp their style for a second. The hysteria comes from the propaganda spreading rich and the ones too dumb to understand the logic behind it.
     
    #30 deb4rockets, Apr 27, 2021
    Last edited: Apr 27, 2021
    TheRealist137, ROCKSS and fchowd0311 like this.
  11. fchowd0311

    fchowd0311 Contributing Member

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    Voters through represenation.
     
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  12. fchowd0311

    fchowd0311 Contributing Member

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    No. There is a mechanism for the government failing to distribute tax revenue well. It's called voting. If you want voting to better represent the interests of politicians, support politicians who want money out of politics, lobbying reform etc.
     
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  13. The Real Shady

    The Real Shady Contributing Member

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    One thing the uber rich have going for them is smart people around them that know how to game the system. I can see them taking out loans against their investment principal if they need the capital to allocate into different investments. They can also just hedge their investment until it's a better time for them to sell.

    Haven't heard anything about taxing 80% on crypto, but if he does he can go to hell.
     
  14. rocketsjudoka

    rocketsjudoka Contributing Member

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    I have no problem with taxing investment the same as labor. If we are looking for taxes to be done in a way to benefit society I think investments the same as labor is probably right.

    On crypto I have absolutely no problem with taxing Crypto gains. At the moment I don't really see how much of a societal good comes out of cryptocurrency so it should be taxed just like we tax gambling winnings.
     
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  15. Ziggy

    Ziggy 99ers STAND BY
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    For a growing number of people, salaries are paid in Bitcoin. Labor.
     
  16. geeimsobored

    geeimsobored Contributing Member

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    What companies are these? Why would a company ever pay in bitcoin? Their labor costs would just increase over time by virtue of paying out in a permanently deflating "currency."
     
  17. FranchiseBlade

    FranchiseBlade Contributing Member
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    Raising Capitol Gains is long overdue. It should be taxed at least equally as labor if not at a higher rate.
     
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  18. juicystream

    juicystream Contributing Member

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    I'm not telling them what to do with it, just saying the system should incentivize them to spend their wealth.
     
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  19. jiggyfly

    jiggyfly Member
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    Don't know how that would work but willing to listen to ideas.
     
  20. The Real Shady

    The Real Shady Contributing Member

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    Square has an option to have your salary paid in bitcoin, and I believe other tech companies might have that option as well. Russell Okung in NFL had half his salary paid in bitcoin. Doubt the payment is in a set bitcoin currency amount, but in a fiat amount that is paid in whatever that amount in bitcoin is at the time.
     

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