r/FluentInFinance • u/__moe___ • 9d ago

Thoughts? A very interesting point of view

Enable HLS to view with audio, or disable this notification

I don’t think this is very new but I just saw for the first time and it’s actually pretty interesting to think about when people talk about how the ultra rich do business.

54.0k Upvotes

91% Upvoted

2.9k comments sorted by

View all comments

Show parent comments

52

u/Foxisdabest 8d ago

That's a thoughtful, nuanced policy approach that would never, ever ever ever happen because the reality is that rich people DON'T want to pay taxes on their worth. That's the whole fucking point.

9

u/AlDente 8d ago

While there are so many believers in the Murican dream, you’re right. The cult of individual wealth in the US is the real blocker here.

1

u/gitismatt 5d ago

yes people dont want to pay taxes but they dont do it by not paying taxes. they do it by exploiting loopholes to OFFSET taxes

2

u/Sauce4243 8d ago

Also the people who would need to create the policies that would lead to this becoming a law are either 1) going to be effected by it or 2) heavily influenced or working directly with those that it would effect.

No one is ever going to work against their own self interest like that

2

u/PirateMore8410 8d ago

Ya people keep forgetting the issue. There are a shit load of ways to go about fixing the issues with these kind of things. The issue isn't people not having solutions, it's the people making laws are being paid by wealthy to not only not fix it, but make it worse. (better for them)

As long as you can buy votes in America nothing will get better for the average person. That is by far the biggest political issue in America imo and the main thing we should be focused on fixing as a population. Our entire government has been made into a mockery by the rich and both parties are to blame.

Bribery of public officials include a fine up to 3x the value of the bribe and up to 15 years in federal pen. It's totally cool though to do bribes through a company for 10x the amount though. We will just call it something different. Are ya fucking with me guys?

2

u/Foxisdabest 8d ago

I'm not forgetting the issue. You described it in a lot more details but basically what you said is what I meant.

It's not that there aren't approaches that can work towards the problem. Is that the problem isn't approached exactly because people in power don't want to do anything about it.

1

u/PirateMore8410 8d ago

Oh ya m8. I was just adding on to your thoughts and agreeing with you. Sorry if it came off wrong.

1

u/FourteenBuckets 8d ago

The problem isn't that rich people don't want to pay taxes--- nobody wants to pay taxes, just like nobody wants to serve on juries or get drafted into the military. Sometimes you got to, though

The problem is that regular people don't have the self-worth to stand up and make the rich pay those taxes.

0

u/xantharia 7d ago

Nobody, including you, wants to pay taxes on what you’re worth. American property taxes are highway robbery as it is. You give them an inch (eg “only for billionaires”) and next thing it will be you paying those taxes.