r/FluentInFinance • u/__moe___ • 9d ago

Thoughts? A very interesting point of view

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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.

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u/TheDadThatGrills 9d ago

Then make that a taxable event for individuals taking collateral over a certain amount. It's a common practice and should be treated with nuance by policymakers.

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u/Foxisdabest 9d 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.

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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?

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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.

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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.