>taxation bad
evonomics.com
Well, Jow Forums?
Economist Says Most of Billionaire Wealth is Unearned
Jacob Garcia
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Luke Lee
Jow Forums will defend this
Nolan Martinez
Christopher Harris
Gavin Hall
Sp basically an argument against the compounding effect. The very wealthy generally dont work for money. So they dont earn it, if your perspective is that the only way to earn is through labor. The world has never worked that way though.
What makes you think that the heads of state in your socialist regime will work for money? Or will they just earn through controlling resources, albeit in a different way than private ownership?
Leo Perry
Average billionaire only has 20% of their value in cash.
Rest of their value is held in assets that fluctuate very rapidly.
Jackson Nelson
>another skeptic mutt with boomer level pseudo-intellect
keep up with defending rent seeking
Alexander Campbell
>What makes you think that the heads of state in your socialist regime will work for money? Or will they just earn through controlling resources, albeit in a different way than private ownership?
Managing a country counts as work. Leaders actually do something other than just buying and selling stocks.
Anthony Nelson
Most wealth is in assets and not liquid capital income. Can't tax asset until value/gain is realised (sale). There always has to be a wealthier group to conduct business. You need a lot of capital to continue to run a business. Often a lot of the wealth is in real estate brick and mortar structures and equipment. I figure I need 1MM USD liquid to just continue operating and moving forward in the purchase-renovate-lease business.
>High tax makes people hide money/move it to another jurisdiction. Can't tax what doesn't show up. I'm not paying to feed niggers.
>Still, something should be done about the Jews.
>HH
Jonathan Collins
Trump supporters are uneducated inbreds that vote against their own economic interests
Dominic Kelly
Unearned is a subjective term, and no actual economist would make arguments using such a term.
Charles White
>wealthy people make money on what they own vs. how hard they work
I wonder how much this genius gets paid for pointing out the obvious
Oliver Cruz
>buying and selling stocks isn't work
Wew lad
Kayden Powell
It started with the Fed and got worse with the decoupling of gold.
Brandon Martin
CHN breaks down Kevin Spacey word for word in the first 15 min of his show.
QRD
>cup mug is a symbol of the Queen of England and a threat
>he might be in witness protection
>he is definetly threatening Hollywood and elite
>he might flip
Interesting timeline this is
Enjoy >NEW VIDEO ON #GDL and Celebrities naming the Jew, 911 and USS liberty
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Nolan Scott
(((Federal Reserve)))
Jace Evans
Exactly these cucks want me to give the DMV and Israel more money? Lmao.
Zachary Rivera
>compounding effect
nigger, there's no fucking compounding when interest rates are near zero
all that math your middle school teacher showed you 20 years ago is based on 5%+
today you'd be lucky to make a dollar compounding at sub 1% rates, kys
Jackson Walker
another boomer npc, watch Actually they do, and it's called rent seeking, it doesn't generate anything but leeching off others' wealth like housing bubble, it also hinders innovation and technological advance
Literally the burgers on this board have the same level of indoctrination as North Korea
Easton Rodriguez
>Graph with USD purchasing power.
>USD worth shit.
>It's because of people with more money than me.
No, it's because of retards that want free shit and Jewish bankers. Uncontrolled capitalism will always lead to communism/enslaving the goy/3rd world paradise.
t.30 year old boomer
Brody Hill
>he thinks an "economist" is someone with some special ability to detect what a person "earned" or "deserves"
What's it like being retarded?
Xavier Powell
> Moreover, because rents do not compensate productive activities, redistributing them through taxes or regulation does not harm the economy, and could even boost economic growth
Yea taxing landlords definitely doesn’t raise rent
Juan Nelson
Tell me how managment and working the stockmarket arent both labor
Jackson Brooks
Well I’m not a poor fag, sooo
Ayden Thompson
wow, I'm impressed actually. Someone on Jow Forums who is not completely retarded.
This is actually quintessentially based and unfathomably redpilled, and I mean it.
Xavier Cook
>No! It must be poor libtards that are hoarding money!
hmmmmmmmmm
Speculation has nothing to do with productivity, it's a pure waste of resource
Learn the difference
Isaac Moore
DESU there aren't that many billionaires that have most of their value in real material assets like castles, vehicles, equipment, gold there might be some but those are true billionaires even without the stock markets they would be rich
Benjamin Edwards
That article is antisemetic in suggesting that these jewish bankers didnt earn the money they extract from the goyim. The talmud clearly says jewish billionaires are entitled to that wealth.
Logan Bailey
It is true. But what can you do. The monetary system is unfair
Justin Martinez
Rent doesn't compensate productive activities.
Speculation has nothing to do with productivity, it's a pure waste of resource
>My idea to take the risk to put money into a business venture has no value.
>Graph shows retards losing money in 2008 and top 0.01% profiting off their stupidity. Amazing.
Blake Campbell
>what is vulture capitalism?
Also there are many kinds of speculation the most common form is real estate
Nolan Foster
Aren't a majority of billionaires Jews?
Brayden Miller
Because one is based on skill (in theory) and the other one is based on the fact that you need to have money in the first place to even invest. And also there's a lot more luck involved. I'm not saying that it's effortless, but it's not labor.
Jeremiah Rodriguez
>Reading, writing, calculation, observing, providing liquidity for those with good ideas and no assets
Nah thats just sitting around and pseudoshitposting
>Mopping a floor 7 days s week
Now this is productive labour
Bentley Nguyen
What is being a slave to Jewish banks and selling your people to corporate slavery while enacting laws and taxes that. Murican freedom.
Camden Cox
Jesus this dude is an obvious commie shill
Hudson Harris
Taxing the rich too much is bad because they already put a lot of their money in offshore shit. Which really shouldn't even be legal. the more you tax them the less they will actually pay and the less likely new investors will pop up.
Ian Gomez
The gov't would eat their money in seconds and they would savagely evade taxes and try to steal more money. U R A COMMIE BITCH
Bentley Turner
So how do you define actual labor?