Posted on 01/05/2024 9:02:48 PM PST by zeestephen
America's wealthiest families held an astounding $8.5 trillion in untaxed profits in 2022...This term, the Supreme Court will decide Moore v. United States...According to a report by The Lever, the Moores' case has been backed by billionaire think tanks and conservative dark money groups.
(Excerpt) Read more at msn.com ...
I think I’ll start a Foundation with with my meager IRA.
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maybe you chose the wrong career path, cletus.
think about running for office so you could set up your own foundation & turbo charge your IRA with some insider info.
you’ve got a good personality & are still a young un.
remember pols are still going strong into their 80’s
with 11 months to go. you’ve got plenty of time to jump in for some fast money in the BIG TIME.
kekity
It's called collateral on a loan....and yes, why should I have to sell my asset to purchase anything, when if there is someone out there willing to loan me money at a low interest rate. The principle and interest rate are lower than the tax were I to sell the asset.
Basic math is beyond Rolling Stone and the Tax fairness group.
Rolling Stone? Commie-Lite class envy claptrap.
Wealth is generational in nature. If you do the right things, your children will have more options than you.
So, my early morning, coffee-deficit brain interprets this as more movement by the left to penalize success rather than incentivize investment (a dichotomy, and an oxymoron in a capitalist economy). i.e., ‘distribution of wealth’.
IOW, ‘same ol’, same ol’.
Wealth is envied and coveted. Per Big Labor, profits belong to the workers, not the stock holders.
For Joe Biden, this is a core belief. It is the reason he has no guilt about illegal acquisition of others wealth.
One more thought....... inequality can’t be cured. Theft eases the mental anguish of being unequal.
One reason you never went anywhere in life, woman, is your low, trash-brained thinking.
“Rich are baaaaaaahhhdd.”
Get TF out of America.
Good, I’d rather the billionaires have the money than the government.
Anyone can make deals with lenders. You just have to ask.
There is no remedy for inequality
Wealth is based on behavior. It is the amount of money left after paying expenses. A buck or a billion, it’s wealth.
I think you’re speaking of Trust Funders. They are notorious squanderers of the wealth built-up for them. Like most entertainers or lottery winners they usually burn out with lavish and immoral lifestyles.
**Conservatives should stop offering knee-jerk support to billionaires. They’ll do just fine, and apart from a few good ones (Musk), most play the system and don’t give a damn about you or this country.**
True, and the international banksters love the various redistrubution of wealth schemes that the politicians are instruments of cause.
Who will do more evil with that money? The billionaires or the mass murder cabal that is the government.
**I think ultra-rich (or anyone, for that matter) should be ultra-taxed on any money made on investments in China.**
Ditto.
Of passing wealth on to children:
70% lose the wealth in the first generation
90% lose the wealth by the 2nd generation.
So their grand kids will be back to being non-wealthy
My dad would ocassionally say, “shirt sleeves to shirt sleeves in three generations”. My dad would quote that now and then, when he heard of a farm family go broke, after the grandparents built the farm into a financially strong operation, and the parents had maintained it.
The Democrats are the party of Billionaires, they won’t do anything against them.
They want to destroy the middle class.
Biden understands that very well.
“I felt like that in my younger, libertarian days. These days, when it’s billionaire oligarchs vs. politicians and bureaucrats — I’ve no dog in that fight.”
What you don’t seem to get is that what this is all about is to establish a wealth tax. And they’ll use envy and “paying your fair share” to suck useful idiots in. They start by taxing the evil billionaires and millionaires and before you know it they’ll come after you and me as well.
If you think filing income tax is intrusive, wait till you have to declare everything you own and its value every year and pay a percentage of that.
You could be forced to sell your house!
I’ll take the average billionaire any day over the average politician, and I don’t want to give them even one cent more. Look what they do with what they already get!
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