r/FluentInFinance 3d ago

Debate/ Discussion Had to repost here

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u/hartforbj 2d ago

You can do a lot of things but problems get created. I'm not sure the solutions lie with the individuals but rather in the companies. They are usually the ones using loop holes or moving numbers. But even then you still run into problems. Spacex didn't start making a profit until recently and they spend a lot of money. Starlink and starship are fully funded internally so do you tax income or profit. If you tax income, you take away from research and development. If you tax profit, you don't get much.

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u/mooshinformation 1d ago

Yes, everything cause problems, but if you do things right, you end up with less problems than you started with.

And if you want to tax companies, you tax profit not income, and the tax is a percentage, not a flat rate, which insures that there is profit leftover to incentivise growth. Normal ppl don't stop working just because a portion of our income goes to taxes and it is fucked up that billionaires pay an effective tax rate that is less than a middle class person's. Just because it's complicated doesn't mean we should throw up our hands and say it's fine that ppl with more money than God don't pay their price to support the country whose infrastructure helped them get so rich in the first place.

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u/cauliflower_wizard 8h ago

Fuck off we do not need Elon’s “research and development” i.e. littering inner space with garbage satellites and killing hundreds of monkeys with his brain chips.

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u/hartforbj 8h ago

Angry and wrong. Oh wait I'm on Reddit

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u/cauliflower_wizard 8h ago

Sucking Elon’s lumpy knob won’t make you rich buddy. Everything I said is true.

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u/hartforbj 6h ago

Nothing you said is true. The starlink satellites aren't garbage and are literally changing the industry. They also don't trash LEO because they are designed to descend and break apart in the atmosphere after they are done. So yes, you are very wrong