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Hugh Jazz Fan
588 posts
Hugh Jazz Fan
@HughJazzFan7
Stealing is wrong.
On Your Mind Katılım Eylül 2014
152 Takip Edilen2.5K Takipçiler
See how quickly wealth taxes on the rich ratchet down…from $5 million homes to $1 million homes in just a few weeks:
“For the first two years, a tax of between 4% to 6.5% would apply to apartments with a so-called market value of $1 million or more.” wsj.com/us-news/n-y-go…
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@strat0manc3r @esp3rtamente $8k is only 2% of $400,000.
20% (typical down payment) would be $80,000.
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The United States is finished.
People care more about looking like good guys than actually doing things that improve society for the better.
Nobody cares if all this extra spending actually raises test scores or improves education. They just want the warm glow of appearing like they’re doing something virtuous.
It’s signaling over substance, and we’re all going to pay the price.
cosmic cowgirl 🪩🤠@blockhim2026
Socialism is so sick I love when tax dollars go to schools instead of wars
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@GigaCha91768521 @Mattinthemix @3gpmh Yes but the way you escape Darwinism is by producing so much excess that prices naturally fall to zero. The more you tax production the longer that process takes.
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@Mattinthemix @3gpmh counterpoint. We have conquered the planet to escape darwinism not to recreate it with people competing
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@SabbySabs2 If this doesn't result in the right kind of deaths I'm giving up and moving elsewhere
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And so it begins. They are cutting off utilities to residents to give it to data centers!
Megatron@Megatron_ron
BREAKING: 🇺🇸Nearly 50,000 people in the Lake Tahoe area have been told that their utility will stop providing power to them, because it's redirecting that power to data centers.
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@JMick__ @Andrew669631 Federal tax is just one of the dozens of different taxes that they pay. Large corporations pay billions in these other taxes every year.
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@HughJazzFan7 @Andrew669631 Federal income taxes to be specific, which are most relevant to the pricing of the goods here. Need I share Martin Shkreli’s dumbass rant that was proven wrong?
Many large corporations in the US defer income endlessly. 3M, Palantir, Tesla, Southwest etc
itep.org/88-profitable-…
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I found out that our Marxists friends don't understand surplus value or even info-graphics. You have to explain it to them as if they were kids. I took effort to make this.
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@lthlnkso From my understanding, the rise in CPI is almost exclusively due to rising energy prices because of the war in Iran. Assuming the war is temporary, energy prices will return to normal, and those goods will still be cheaper.
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Neat! "Prices for Many Goods and Services" are falling. I wonder what the average is for all goods and services?
Rapid Response 47@RapidResponse47
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@JMick__ @Andrew669631 You have no idea what you’re talking about lol every corporation in the US pays taxes.
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@Andrew669631 Not a Marxist
You can’t just put stuff into an infographic and share like it’s fact.
Many large corps in US don’t pay taxes at a meaningful clip, if at all. To take taxes out at every stage is dishonest.
Also - wool for $4 but shirt for $15 is egregious split. It’s misleading
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This but applied to economics
Marie🧚@glitchu__
Just bc a man is trying his best doesn’t mean you have to accept it
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@andresintheory At first, I thought you were just stupid. But then I saw you used to work with AOC, which tells me you’re not stupid you’re just a corrupt politician.
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A billionaire earning their wealth “legally” is such a BS answer. The entire point is that the law allows for wealth to accumulate to these levels through unjustifiable means: mainly through rents, hyper-exploitation, and an obscenely unfair control of the output of production
Derek Thompson@DKThomp
my position is 1. most billionaires earn their money legally 2. even if billionaires mostly "earn" their billions, i think that the concentration of wealth is a political, societal, and even economic problem. (for example: billionaire contributions to national elections could easily get to 25-50% of total political spend, and the power that implies over political and agenda capture makes me nervous; plus, at some point, concentration could move money from spenders to savers in a way that could be troublesome for growth) 3. recent tax cuts for s corps and c corps really don't help with (2) 4. to begin to address (2) i think we should undo the trump tax cuts, increase avg effective estate taxes, and probably raise the national minimum effective tax rate for the wealthiest ppl. it's too easy for billionaires to pay lower effective tax rates than the middle class with the c/s corp rules we have now
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@Nasengold1 @BowTiedMara Yes lol over 95% of China’s population make less than $44/day, which is the US poverty line.
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@gaga_the_first @AndrewYang Not only is no one starving to death, those same billionaires are the ones creating jobs that allow people to feed their families.
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@AndrewYang I dont think the problem is becoming a billionaire.
I think the problem is becoming that while many starve to death.
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I think someone can become a billionaire by creating over a billion dollars worth of value.
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Hugh Jazz Fan retweetledi
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@Zane1968 @SBoviis @MetamateDaz Without workers, you do all the work yourself, idk man seems like there is value in that
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It’s amazing that you can be objectively wrong and still get 50k people to agree with you
Ian of the Sea@ianpauldukes
You can't hoard $10 trillion for yourself without taking it away from everyone else. He's telling the world he plans to impoverish us all. Real supervillain shit.
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Hugh Jazz Fan retweetledi
People confuse greed with capitalism, but greed is just human nature.
It exists in every system.
I've come to believe envy is actually worse than greed because at least the greedy person is willing to go build something themselves.
Envy wants to pull down.
And when I look at the loudest critics of free markets, that's what I see more often than I'd like to admit. It's not love for the poor.
It's resentment of the successful.
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@mmccomb95 @thedimitri If your issue is with corruption than your focus should be on the politicians who are willingly being corrupted. Successful businesses provide huge value for society, politicians do not. Especially if they aren’t doing their one job which is to regulate the companies.
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@HughJazzFan7 @thedimitri If that was all people did with their wealth, it would be one thing, but many don't. They often use it to corrupt the institutions that are supposed to act as bulwarks against the excesses of the few in search of greater profits despite the wider social costs they inflict.
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I love how leftists fundamentally misunderstand how the world works. $10T net worth isn’t “hoarding," it implies massive success and real-world progress in sustainable energy and space travel. But instead, they picture some evil cartoon boss swimming in gold coins in his mansion.
Melanie D'Arrigo@DarrigoMelanie
This level of wealth hoarding is a mental illness.
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@DarrigoMelanie When you take away profit you take away competition. When you take away competition the consumer loses because there is no incentive to create a better product/service. Demand skyrockets but supply remains the same, creating huge wait times and over worked medical staff.
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*taps sign*
Healthcare shouldn’t be for profit.
Healthcare should be a public good because a healthy population benefits us all.
More Perfect Union@MorePerfectUS
NEW: You might be charged double for a routine medical visit. Corporations and hospitals are buying up private practices across the country, then tacking “facility fees” onto standard appointments. While Americans are stuck paying hundreds more for a single doctor’s visit, corporate executives are raking in billions.
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@mmccomb95 @thedimitri That wealth is just the value of companies that he built. He employ tens of thousands of people, create useful products, and pays millions in payroll taxes. Telling someone they shouldn’t be that successful just puts a cap on prosperity and progress for everyone.
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@thedimitri No one person should have that much wealth no matter how "successful" they are. It's honestly a failure of a person's self preservation instincts to believe that any one person or small group of people should wield that much power and influence almost completely unchecked.
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@econoclast00 @TrpstrLeonOG Regardless of how much you contribute, if you contributed the same amount into the S&P instead of social security you would have more in the end. This is because social security doesn’t invest your money, they just pay it back to you.
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@TrpstrLeonOG Only 5% of income tax fillers make the $184,500 that maxes out payroll taxes taxes…. Never mind any 18 year olds making that much ever year 18-65
… Better odds winning the lottery. That’s a silly comparison.
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The maximum annual Social Security payroll tax contribution is currently $10,453.20.
If you paid that full amount every year from age 18 until retirement, your maximum Social Security benefit would be about $4,873 per month.
By contrast, if you had invested that same amount annually in a low-cost S&P 500 index fund instead, you could expect roughly $32,583 per month in retirement income.
Social Security is a scam.
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