martin ↑
@martin
I like the subtle re-framing Zohran does here. The liberal thing of "Billionares shouldn't exist" is silly and makes post people that say it look dumb. It's an easy tagline but 1 billion is also a bad metric. BUT you do have to ask - what's the marginal benefit of Zuck/Bezos/Gates having their 100th or 200th billion dollars? Surely society would be better of if 80% of that billion went to something else? Obviously not easily done (or done at all?) since most of it is just in a company that they started, but idk https://x.com/Osint613/status/1939351985079394555
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seneca
@seneca
asking what the marginal benefit to the individual assumes the thing that generates the benefit would exist if the ‘benefit’ were not there. imo if you implements caps on wealth creation, the very wealth you are trying to cap will dissapear.
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seneca
@seneca
also: taxing a few billis seems like the wrong thing to focus when the gov just passed trillion dollar budgets this weekend (and printed out of thin air, not by selling to willing buyers).
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martin ↑
@martin
I don't disagree, but clearly people would still be incentivized to be very wealthy if the tax rate was quite high - I still want to make $1M a year even if I'd be taxed way more. I don't think the tax rate should approach 100% but by some metrics, billionaires' true tax rate is lower than average peoples'
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rubinovitz
@rubinovitz
+1 Anyone who makes this one of their talking points is red flagged to me. Democrats love to blame billionaires for everything while not doing anything to help the average person.
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