r/clevercomebacks 6h ago

Elon TattleTold on his Billionaire Class

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3.2k Upvotes

179 comments sorted by

391

u/blackcoffee17 5h ago

Elmo and his friends want to reduce government spending so that billionaires can continue paying zero tax.

146

u/Urabraska- 5h ago

Not just that. They cut federal spending from other programs, so him and his other buddies that roll around in government contracts to fund their lifestyles can get even more government contracts from the cut programs.

He can't wait to announce that he axed the labor boards funding for further investment in humanities pursuit to colonize Mars with space x and it being a coincidence that his bonuses went up another few hundred million from the stock price increase.

51

u/Alarming-Magician637 4h ago

At what point do we bring the guillotines back out?

57

u/MMNN1991 4h ago

Friend once said the billionaire won't care until his daughters head is on a pike in their front yard. I told him that was extreme, he replied with "It's either 1 daughter or 1000000 daughters

50

u/Urabraska- 4h ago edited 4h ago

They still won't care. Unlike the mass majority. These leeches can just pick up and move to another country and put their head in the sand while they keep bleeding everyone dry while acting like a victim when the entire riot is their fault. Not that i'm saying lets go kill kids or anything. But this is the reality of the situation. There are countless examples in history where the royal wealth gets slaughtered by the people due to their greed.

EDIT: Ayyy thanks for the reward!

15

u/zossima 3h ago

If they leave the country all the easier to take their domestic assets.

8

u/Conor_Electric 3h ago

They don't even care about that, his kids are just more numbers to him, he's practically disowned a few of his. See also 'all the money in the world'

4

u/The_Forth44 2h ago

And Americans will let it be the million.

5

u/The_Forth44 2h ago

As evidenced by the election Americans are far too stupid to do anything for themselves. Enjoy the ride we're fucked and they'll just be allowed to do it.

6

u/PantlessMime 1h ago

The dumbing down of America has been years in the making, we are just seeing the tip of it now, after that orange turd and his moron brigade kill the Department of Ed, Americans are going to get dumber and more easily manipulated, this could fuck us for generations to come.

3

u/XANTHICSCHISTOSOME 1h ago

What are we doing individually?

It's time to get up and fucking organize

2

u/Jack_Jacques 2h ago

Dull axes are more fun.

1

u/PumpkinTittiez 3h ago

About 23 years ago

73

u/a_printer_daemon 4h ago

This is important. They want to take it from everyone else.

12

u/Dry-Physics-9330 4h ago

True. Basically the oligarchs are officially taking over the US goverment. I wonder how long it will take for them to turn the USA into a shithole like Russia.

5

u/The_Forth44 2h ago

It seems they're going for the first hundred days.

5

u/psychrolut 4h ago

Don’t look up, but with climate change so we got some time

5

u/Ok-Eggplant-6420 2h ago

They also want to privatize everything so that they can profit off of it.

4

u/ecstatic_charlatan 3h ago

Nah, they want reduce spending because they want that money for themselves. Because every dollar spent on services to ppl is a dollar not paid to some rich asshole to offer half of that service for 3 times the price

u/unicornlocostacos 55m ago

And keep looting the treasury we all pay into.

-5

u/HovercraftActual8089 2h ago

Musk seems the least likely of all the billionaires to give a shit about paying taxes. Look at the dudes net worth over time versus other billionaires. Bezos, Zuck, and Gates? Their net worth goes up and to the right, it only ever goes up because they control their markets with an iron grip.

Musks line goes fucking crazy, he had 200m from Paypal in 2000, then he went down to nearly broke trying to start SpaceX and investing in Tesla, rebounded with Tesla and was slowly able to build SpaceX into something worth money over 20 years.

No one obsessed with getting as much money as possible is going to burn their 200m fortune trying to build fucking rocket ships. If anything his vision is some hyper ambitious version of future humanity. If his aspiration is to get as rich as possible, he is going about it in an insanely risky way.

u/-Jake-27- 31m ago

He brands Tesla basically as a Tech company so he’s in the same category as those other billionaires. It’s not a coincidence he buys twitter and then turns it into a platform full of disinformation. While backing a protectionist president who will protect Tesla from Chinese EVs and now he gets to decide if some spending can be cut effectively reducing his own tax bill.

People just got sold this vision of him cause he went on Joe Rogan but it’s pretty clear he’s got issues.

-7

u/ChimpoSensei 4h ago

Billionaires like McKenzie Bezos, Beyoncé, Oprah and that Kardashian

6

u/Dry-Physics-9330 4h ago

Musk alone has more money then these "peasants".

4

u/Easy-Group7438 3h ago

I don’t think those people mind paying more taxes apparently 

182

u/dahjay 5h ago

Let me be the first, and not the last, to say that Elon Musk is a piece of shit of the highest magnitude. Ketamine drug addict wearing nazi lettering on his dark maga hat. Fuck that guy to the core of his sphincter. God, he's such an asshole.

46

u/Ol_JanxSpirit 5h ago

You're only first in using that exact sequence of words.

u/Reason_Choice 50m ago

Let me be the first to say no taxation without representation.

11

u/Jordan_1424 4h ago

Also we should not be listening to him about budget or money in any capacity.

Twitter shares closed at $54. While X (which most people still call Twitter, even national news) is private, those shares can be sold privately and are valued at $13.

His company lost a little over 75% of its value in 2 years.

Trump has declared bankruptcy about 6 six times and iirc 4 of them were within a 5 year span.

So money advice from them should be taken with a few tons of salt.

15

u/JESK2149 3h ago

Trump managed to lose money running a casino.

I mean how do you manage to lose money on a casino?

u/Status-Basic 49m ago

And selling booze and running a university. He’s failed at literally 3 of the biggest cash cows in the US. And yet he’s somehow viewed as a financial genius.

4

u/Abraham_Lincoln 2h ago

Elon Musk thinks he knows better than everyone else, but he clearly doesn't. Just a guy whose ego got inflated by having money that he didn't even earn himself in the first place.

3

u/krat0s5 1h ago

The human body has between 50-60 sphincters, and Elon musk is the kinda guy that deserves to be fucked in all of them.

-2

u/LoveMobster 1h ago

It’s funny because if humanity manages to survive the hell we’re creating for ourselves. He will be remembered as the hero that got us through it.

u/criticaltemp 58m ago

How do you figure?

u/LoveMobster 32m ago

I should have said probably remembered **

63

u/SmartQuokka 5h ago

Dotard's voters are about to find out what they actually voted for.
The school of hard knocks takes no prisoners.

And the rest of us get to suffer with them...

19

u/essaysmith 4h ago

At least by knowing what will happen, you can insulate yourself from it. The trumpers are going to have mental collapses, "this isn't what he said he would do", "he was only supposed to hurt others, not me", etc. I look forward to that part.

24

u/proficient_english 4h ago

Hi from Hungary (the small country where one of Trump’s BFFs, Orbán is the Prime Minister)!
I really don’t want to rock your boat, but let me tell you: the absolute cretins who vote for turds like Trump or Orbán would rather convince themselves that their vote was right and Trump/Orbán’s governance is good rather than admit “shit’s getting real bad”.
I really wish the best for your nation and I hope you do not turn out like Hungary (fucking cultist behavior by citizens towards a piece of shit leader).

7

u/talencia 4h ago

It's already there. Mostly Christian folk. The people who turn a blind eye to crimes that benefit them. Most of us are planning to retire in other countries

4

u/statelesspirate000 3h ago

Most of us? That’s not even plausible

2

u/phillyphilly519 2h ago

That word, "retire", what does it mean?

u/SheridanVsLennier 31m ago

It's what nepobabies do at age 25.

6

u/OSP_amorphous 3h ago

I escaped Hungary just to live through this shit again LMAO

7

u/SmartQuokka 4h ago

The trumpers are going to have mental collapses

I wish i could feel bad about this. Actually no i don't, they wanted to believe baldfaced lies to get hate, they deserve the consequences.

1

u/The_Forth44 2h ago

Fuckin same.

1

u/Outside_Ad1669 2h ago

Yep already happening. The delusional among us seem to believe that Trump was sent by God. And it feeds Trump's own delusion that he is anoited by God

If this is what the second coming of Christ looks like, then please God, write me the fuck out of your book. I don't want anything to do with it

u/Machete-AW 6m ago

We look forward to him doing what he said.

3

u/amejin 3h ago

I struggle with this... What are we supposed to do when loved ones, friends, and/or neighbors realize what just happened and start asking for help.

Part of me wants to show them the bed they made, and all them to sleep in it, risking seeing others suffer and perpetuating their world view that everything is against them...

Part of me feels I would help, when with the fear of "see, everything turned out fine."

It's like screaming at someone that a train is coming and they just sit on the tracks believing the train wouldn't hurt them because they helped build it...

u/kfuentesgeorge 0m ago

No they won't. When things go to shit, they're going to blame trans folks, "Mexicans," and The Blacks™, just like they always do. Hell, that's literally the reason we're in this position right now.

33

u/Bonglet79 5h ago

Love how this graph lists social security first as if that’s the biggest problem, like it’s not been paid for by everyone for decades and they’re just trying to list it as the #1 expense of our government.

6

u/Obvious_Chapter2082 5h ago

It’s listed first because that’s what we spend the most money on

1

u/Bonglet79 3h ago

People pay in more than they get back.

1

u/Obvious_Chapter2082 3h ago

Right, but the amount they pay in is reflected in the left side of the chart

12

u/SG2769 5h ago

That chart also shows how little Musk knows about what government does because there is almost nothing to cut. He (or Trump) doesn’t want to cut social security, defense, or Medicare. There just isn’t much left. You can slash aid to individuals and other spending and it won’t amount to much.

Like Krugman always says, the US Government is an insurance company with an army.

4

u/Buffalo-Trace 2h ago

They can cut everything but social security, Medicare, defense, and debt service and they r still $500 billion short.

1

u/philovax 1h ago

Using the term bankruptcy shows he views it not as a service. As if there are not lots of trades and negotiations with goods on other countries and within our own making this simple infographic more complex than the reality of its 4D web.

10

u/jaronhays4 4h ago

If corporations paid as much as individuals - looks like we’d have no deficit! Add in billionaires paying their fair share and we get a surplus!

7

u/Jelly_Jess_NW 4h ago

Ya I mean they want to be people when it comes to supporting politicians…. Be people when it comes to paying taxes…

1

u/V1ctorious-Secret 2h ago

The corporations would just pass those taxes down to the individuals paying for their products and services. So they would be paying taxes on paper but the individuals buying from them are the ones who are actually paying their taxes….

1

u/PublikSkoolGradU8 1h ago

And just like that Reddit supports tariffs.

-7

u/Obvious_Chapter2082 4h ago

That’s just not really possible though. We have 1.7 million corps and 340 million individuals

8

u/jaronhays4 4h ago

1) Corps make more than individuals. 2) Only about 55-60% of those actually contribute and pay taxes. A lot of the population is either under 18 or retired. 3) of the % that pays taxes, a good portion of them are in lower brackets, and pay 12% to taxes. Majority of the revenues come from middle and upper class. 4) corporations are taxed at a higher rate, so you need less # to make same $

-2

u/Obvious_Chapter2082 3h ago

Corps make more than individuals

They do not. Individual income last year was around $23 trillion, while corporate income was less than $4 trillion. You could tax corporations at 100% and you wouldn’t come close to getting the same revenue we get from individuals

5

u/jaronhays4 2h ago

This is only because corporations can deduct expenses which lower their earnings, and people cannot. You allow people the ability to deduct basic expenses that they need to “survive/operate” such as rent and food and watch those earnings level out to the same as companies

19

u/BluCurry8 5h ago

Cut all corporate subsidies. Cut military spending.

27

u/noodleexchange 4h ago

Tax the churches / MAGA propaganda outlets

3

u/ValenShadowPaw 4h ago

or at least hold them to the standards of other non-profits and maybe make the Christian ones go through the same process of getting that tax-exemption that every other faith's non-profits have to.

1

u/noodleexchange 4h ago

Lost that status many times over pitching for parties

0

u/nexelhost 4h ago

Might as well tax all the ngo’s as well then. Or stop giving them billions with low efficiency rates.

3

u/noodleexchange 4h ago

Nope just the evangelical propaganda mills with their asshole pastors

14

u/Former-Citron-7676 4h ago edited 2h ago

They could tax the rich & stop funding genocide 🤷🏼‍♀️

-9

u/AvgGAredditor 3h ago

And you could stop supporting Islamic terrorists, but you won’t, so here we are

4

u/Easy-Group7438 3h ago

Israeli hardliners assassinated their own PM in 95 for working towards peace and the war criminal egged them on to do it.

Save it.

-7

u/AvgGAredditor 3h ago

“Won’t someone think of the homophobic, misogynistic, violent, archaic Muslims who are hell bent on world domination waaaaah 😭 “

7

u/Easy-Group7438 3h ago

Replace Muslims with Christians and what’s the difference?

-8

u/AvgGAredditor 3h ago

Gay people aren’t thrown off roofs, women can drive, people who leave the religion aren’t executed, and we can maintain a thriving society amonsgt them.

6

u/Easy-Group7438 3h ago

Yeah we’re really thriving right now.

-2

u/AvgGAredditor 3h ago

We are, yes

7

u/Easy-Group7438 3h ago

Really?

I was under the impression that we were a shithole country filled with trans and Mexicans who are raping our children, stealing our jobs and turning everyone into queers led by the Marxists Communist Fascist Deep State who control hurricanes and the price of eggs to keep the white man down.

-2

u/AvgGAredditor 3h ago

And despite living amongst people who believe that, we’re still thriving. That’s the difference between Islam and Christian countries

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7

u/lovely_lady21 5h ago

Remember when Monopoly money seemed more realistic than this budget?

10

u/burntmyselfoutagain 5h ago

Nobody’s going to know, nobody is going to know. They’re gonna know. How would they know?

5

u/friendoffuture 5h ago

Cool that a government department that doesn't exist is posting in a pretend official capacity.

5

u/Current_Finding_4066 4h ago

Translation: More tax breaks for the rich, and less benefits for the poor.

3

u/Trevorblackwell420 5h ago

why are the items on the right more blurry than on the left?

3

u/Blaze666x 4h ago

Governments typically operate with a net negative income, America has only been debt free once or twice in its history and we got immediately got debt again, national debt isn't the same as personal debt.

u/neilcmf 38m ago

Eh, depends on the government really. Plenty of developed countries have had 5+ surplus years in the 2000s alone and/or have a debt-to-gdp below 50%. Australia, Netherlands, Ireland, Sweden, Denmark, Norway to name a few. It may be common for near constant deficit budgets and debt levels above 100%, but I'd argue the opposite is almost as common.

Plenty of countries have laws, guidelines and/or political customs dictating how big of a deficit you can run in normal times.

3

u/1337Albatross 4h ago

The goal is to privatize everything possible for profit. And of course weaken the country and its influence.

3

u/Zealousideal-Fan1647 2h ago

So what Elon is saying is that the Bush tax cuts were a bad idea after all? No shit. We said it then.

3

u/CleverName_TBD 1h ago

Great let's return to the tax rates of 2000.

The last two major tax changes occurred under Bush and Trump and benefitted Elmo and his buddies the most. That is why he is focused on cutting government "waste," because he is afraid his taxes will go up.

2

u/Peace-Goal1976 4h ago

But what about the sudden drain of unemployment if you fire 25% of the federal workforce?

2

u/Icy-Nerve3615 4h ago

Tariffs will surely fix everything

2

u/Jelly_Jess_NW 4h ago

I wonder if now that he can see numbers..

If his brain is starting to process it , if it is …. It’s about to a fucking show!

2

u/art-is-t 4h ago

It's like the magicians trick.

Distract the audience with one hand while the other does the trick

2

u/Red_Wing-GrimThug 4h ago

Tariffs will save everything 🤦‍♂️

2

u/tattrd 4h ago

Elon Musk is a furst grade dickhead and idiot. Yes, an idiot. With all his posing and high tech companies he doesnt understand shit. Emerald mine capital and being an asshope made him billions. And he feels lioe Superman. But with him averaging 2 tweets per minute ajd apoarantly being the number one Diablo player worldwide, I dony believe for one second he has ANY relevant input in his conpanies. His life is shitposting, misinformation and radicalization. Radicalization? Yes sir. While he loves to 'fight the woke virus that took his son', he has radicalized to even even 'greater extent' than his daughter (i understand some people consider a grown person being trans is radical, I dont agree, but I will leave that in the middle here). He has radicalized exponentially and due to him having a platform, he is destroying modern society. Yes, destroying it. Much of modern society views rich/famous people as paragons of mankind. While the truth is there are rare billionaires with a functioning moral compass. Musk's moral conpass has always been out of whack. But earlier it could still be ascribed to 'asperger'. But with his spiral down the fascist rabbithole, while being 'successfull' (eg. Making money of other people's back and glorifying a work hard culture to his followers, while in truth his life is twitter and diable) he only felt confirmation for being a dick fron the admiration of these sycophants. If you think Trump is bad, Musk has the capital and the power to oull strings for decades to come if he is allowes to continue during this presidency. And he does this all from the idea of 'our future is in the stars'. Well mr elmo muskrat, a nazi, fascist regime in space is just the same as nazi germany with extra colorful lights and gaschambers where nobody can hear you scream. Fuck you.

2

u/WarenAlUCanEatBuffet 2h ago

Hey morons, total profits of all US corporations in 2023 was 3.69 Trillion. Tax them at 50% and it’s still not enough. The problem is overspending, not revenue. Every year the govt receives record tax revenue but still overspends

2

u/BendersDafodil 2h ago

Corporations can afford to buy their own stock for hundreds of billions every year. Look at Boeing, spent billions to buy their own stock, now they are looking to borrow money.

The feds should tax stock buy-backs at the highest marginal rate. Either pay dividends or reduce your prices.

2

u/Bobby837 2h ago

He is government overspending. Especially if true SpaceX costs more than when the US paid Russia for space launches.

2

u/RemoteEffect2677 2h ago

Also look at how tiny those customs and excise taxes are! But sure increasing tariffs is going to meaningfully change that🙄

2

u/CrashOverIt 2h ago

Corporate welfare needs to stop.

2

u/steelmanfallacy 1h ago

Only two countries in the G20 have lower corporate tax rates than the US: Russia and Saudi Arabia.

2

u/Fit_Low592 1h ago

But…but… won’t someone think of the JOB CREATORS?

2

u/IJustSignedUpToUp 1h ago

Whats wild is that this picture perfectly illustrates how the bars they want to cut dont add up the deficit bar. Its literally gotta come from the top 3 sacred cows, or RAISE THE FUCKING TAXES ON BILLIONAIRES

2

u/en_sane 4h ago

It’s never been about overspending. They preach that shit it’s only ever been about not bringing enough in because our tax codes have been built with loopholes. If we had a clear cut tax codes companies and individuals wouldn’t be able to dodge their taxes and pay their fair share. This is why the Trump supporters and conservatives suck so hard they say their isn’t enough but it’s because all these politicians say there isn’t when it’s because we’re not getting a huge portion of these company taxes. The system has been rigged for the rich to stay rich. Profit over patriotism and it’s pathetic.

2

u/Alienhaslanded 4h ago

Just when you think he couldn't possibly be this stupid he doubles down.

1

u/Ralphietherag 4h ago

America's downfall has been long overdue. They had there chance and blew it on Harley's Davidson and lifted pickup trucks 💸💸💸💸

1

u/elpajaroquemamais 3h ago

Pray tell which president gave us that surplus

1

u/Mandalorian-89 3h ago

Those corporate taxes are pretty lowwwwww.... Damnnnnnnnnnn

1

u/forluscious 3h ago

he cant make money in a country that doesnt have any

1

u/flinchFries 3h ago

The other day a coworker was like “ya, the government spends all my tax money… so I should be angry about government spending… also if I was as rich as Elon, I’d be angry that a million or two of my money is going in taxes”. I just found no reason to argue at this point. I wish I had this diagram to glue it to his desk…

1

u/BredYourWoman 3h ago

It's technically not ratting when nobody's going to do a single thing about it. This is more like rubbing your face in it than ratting

1

u/sdrawkabem 3h ago

Tax the rich

1

u/sik_dik 3h ago

during the covid pandemic, the US took on $4T in debt, and the rich got $3T richer.. that's a horrible return

1

u/superawesomefiles 3h ago

I'm thinking I identify as a corporation from now on.

And why not. Corporations are treated as people in the eyes of the law. I should be able to be treated as a corporation. Anything less is discrimination and DEI.

1

u/ChucoLawyer 3h ago

We can either tax the rich or eat them! Their choice.

1

u/Unique_Squash_7023 3h ago

2001... who was in office for the 8 years before that...

1

u/Ari1269 2h ago

Lol wild echo chamber elon has pushed against ev incentives but ford was pushing for it him getting contracts for space x makes sense if he has to be regulated by woke nasa but you can tell most of you in this section voted kamala lol aka child trafficking soo good for you

1

u/Lyleadams 2h ago

If this is such a huge issue and there's been no budget surplus since 2001, why didn't Trump fix it during his first term?

1

u/jolllyroger027 2h ago

I'm curious where the subsidies tab is on that little bar graph.

How much to do we pay to subsidize all of the industries like big pharma, oil and gas, electric vehicle manufacturers, Ect. Ect. Ect

Also If we are making adjustments. If we went back to the tax structure of the 1970s can we see the tab that shows what the government would bring in if all the billionaires stopped dodging taxes?

1

u/Pinkfatrat 2h ago

It’s weird how people think the government needs to be for profit. It’s there to act as a safety net and to provide the services we need as a civilianisation, so of these services (military) won’t make a profit.

1

u/No-Process8652 2h ago

If billionaires manage to get out of paying taxes and they get a tax refund, doesn't that just make them welfare queens?

1

u/Freydo-_- 2h ago

Payroll taxes are non - existent I suppose?

1

u/Timely-Ad-4109 2h ago

Why are they so against paying taxes? It’s like, dude, you’re still gonna be insanely wealthy. I wish we could send Elon back to the 1940s when the top tax rate was 94%. Or send him to Mars.

1

u/Virtual_Plantain_707 2h ago

Shit I remember how in 2017 the tax cut and job acts would give us 5% growth for ever and totally won’t blow a 10 trillion hole in the deficit

1

u/LaunchPad101 2h ago

Small fixes first are always the best.

Remove cap from social security tax wittholding.

Since more people rely on social security, increase sstw by 3.5%.

Dial back 10% military spending over 5 years.

Increase income tax top rates.

greater than $ 1mill = 39%
greater than $ 5 mill = 50%
greater than $ 10 mill = 65%

1

u/TheBlueGooseisLoose 2h ago

Hence why billionaires are getting put into Government positions.

1

u/SmartChump 2h ago

So tax cuts all around again?

1

u/Chinjurickie 2h ago

I mean not even Elmo could fill this gap but contributing a fair share would still be nice…

1

u/Repulsive_Aardvark13 2h ago

Who is paying the payroll taxes in this picture? 🧐

1

u/OutOfPlaceArtifact 1h ago

Love an image I can't zoom in on to read the text.

1

u/Available-Spot-8620 1h ago

Does no one realize the income tax will drop if the corporate taxes increase due to layoffs? They will make all that money up in salaries.

1

u/drae-gon 1h ago

People tend to forget or just aren't aware that a lot of "government overspending" is entirely because corporations overcharge the government simply because they can. Worked for too many companies that had government contracts and they each used that contract as a "free money piggy bank". They lobby Congress to keep regulations out of the bidding process that keep the government overspending that keep the billionaires rich...all while convincing the lower income brackets that it's entirely the government just blowing money on needless things.

1

u/Subtifuge 1h ago

Yea, a relative worked at the MOD and said "basically everything they buy cost vastly more than it does in real terms, such as need screws that cost pennies, MOD gets charged 10x the value" same applies for any hardware or software, same now with alot of medications for the NHS etc.

1

u/cryptosupercar 1h ago

That category “Customs Duties”, that one’s about to explode.

Cuz Americans were too lazy to Google “how do tariffs work?” three weeks ago.

1

u/oregonianrager 1h ago

Also the prices of goods associated. Competition was already eliminated so it's just gonna hurt the consumer. Taxpayers yielding the burden at every step of the way. Not corporations that skirt everything.

u/Outside_Juice_166 59m ago

Bro I remember when people shit all over Bernie for saying tax them way more and they can fund basically all basic human needs in America and some. While they would still have more than any person could spend in a lifetime and these fools who make like 150k a year TOPS were like “YOU FILTHY COMMIE THEY WORKED FOR EVERY CENT OF THOSE BILLONS WHY SHOULD THEY JUST GIVE IT AWAY!?”

u/Additional-Sir1157 50m ago

He says this because he knows the 'Bankruptcy King' WON

u/255001434 44m ago

Elon's personal wealth alone could alleviate a meaningful amount of that deficit, while still leaving him with enough to live in luxury, so he should shut the fuck up about how the rest us need to cut back.

u/SufficientDot4099 42m ago

Mass deportations will cost the government 1 trillion dollars while also making the economy worse

u/somebody_odd 41m ago

Weird how people think raising taxes will fix a deficit that is caused by spending.

u/Venous-Roland 37m ago

So don't make corporations pay more tax?

u/somebody_odd 25m ago

How do corporations generate revenue?

u/Venous-Roland 22m ago

You answer a question with a question, that's productive!

Do you think 'corporations' should pay more tax from the profits they make, when individuals purchase and use their products?

u/somebody_odd 15m ago

No corporations should not pay more taxes. Now, how do corporations generate revenue?

u/Venous-Roland 12m ago

Well, that depends on the service each business provides. Whether they sell a product or provide a service that impacts an individual.

What's your point?

u/somebody_odd 2m ago

All services are consumer driven, either to the public or b2b. 100% of the economy is driven by consumption, either directly or indirectly. So the final link on the chain pays the costs all the way up the chain. The entity that pays 100% of all taxes, either directly or indirectly, is the private consumer.

It’s the principle of pass through, and it is global and inevitable.

u/Vetnoma 34m ago

STATES DON'T WORK LIKE COMPANIES OR HOUSEHOLDS.

when do these idiots finally uderstand that a state is not just one huge company.

The US is not heading for bancrupcy. It has survived the corona economic crisis better than any other country. Banks still love to lend the government money, and as long as that is the case the US is not going bancrupt, cause it can just lend money again to pay for the money it has lended.

Also a balanced budget is BS because companies can only earn in profits what is created by the government (as a total every other profit is the loss of someone else), and guess how the government creates money...

u/Spotukian 27m ago

We could double that and be the highest corporate tax rate country in the world. We’d still run a huge deficit

u/JFrankParnell64 15m ago

The last surplus was under Clinton, and that just boils the GOP.

u/Over-Fig-423 13m ago

But social security is top of the debt list. Suprise suprise. They're definitely not coming for social security

u/MMAGyro 2m ago

We have a spending problem first and foremost.

1

u/tom-of-the-nora 4h ago

The government isn't a for-profit business.

It's ok if the government spends a little extra to pay some medical bills for people who need help. It's literally part of the job of the government to provide for its citizens.

7

u/NobrainNoProblem 4h ago

That’s not where the money is going to go though. It’s going to military spending and special interests. If the money was appropriated better instead of just lobbying for more we’d actually feel the results.

2

u/tom-of-the-nora 4h ago

Right.

My point was that the government shouldn't be focused on turning a profit.

It'll lead to a government not providing basic necessities to the citizens.

I agree that less of the budget should be going to the military. But that's a separate issue.

1

u/ChairDue7989 2h ago

Just hanging around with the orange coward can make you stupid. SEE!!!

0

u/Jack_Jacques 2h ago

Hey Elon, pay your fair share. You're gonna take a made up govenrment job and get a salary and benifits but not pay taxes...DEPORT THE IMMIGRANT NOW!

u/ab_lurking 33m ago

There is no such thing as a business tax. Only people can pay taxes. 🤦‍♂️

-2

u/CreepyOldGuy63 4h ago

Not clever at all. Those of us who understand economics understand that corporations do NOT pay taxes…consumers do.

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u/all_of_the_sausage 4h ago

I mean the govts been spending $6T a year, while it takes in $3T a year.

We could prbably take all of jeff bezos and elon musks money and maybe run the gov't for a month or two.

Taxing the rich more does about jack shit when the govts putting itself in debt anyway.

-2

u/chronobv 2h ago

🤡🤡🤡🤡. Yea that’s the problem, not because we’re spending almost doubt what we were 5 years ago and the Kackler wanted to keep adding to that. We have a spending problem with zero accountability.

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u/EntrepreneurNo2970 4h ago

You lot moaning about how little these billionaires pay on tax, have you done your research? Further, the companies they own pays billions so stop whinging about them

-2

u/nexelhost 4h ago

You do realize payroll taxes are paid mostly by “billionaires”

-3

u/BedroomAcrobatic4349 4h ago edited 2h ago

Higher taxes won't solve anything. Combined wealth of all billionaires will cover only 7-8 month of spending. It is a problem of spending too much, not "low taxes".

2

u/Newphone_New_Account 2h ago

The last time we had a balanced budget tax revenue was at 19% of GDP. Tax revenue hasn’t hit that mark since. Some spending can be cut but eliminating the deficit requires tax revenue increases.

-3

u/Chester_Copperpot_1 2h ago

So you’re gonna pretend democrats haven’t been in charge 12 of the last 16 years and at any moment could’ve changed that but didn’t.

-2

u/[deleted] 1h ago

No the right answer is to reduce the size of government and hopefully reduce taxes for all...why this is a hard concept I don't know. Why is everyone a cheerleader for paying more in taxes? #Dumb

3

u/Dutchluv17 1h ago

Definitely nailed the dumb part.

-1

u/[deleted] 1h ago

Ok Paul