Ragamuffine

@OldHendersonMan @Xenoscient @atograisse @MattZeitlin Wait property taxes are usually local jurisdiction, so Ellison may not be paying much in property taxes anyway. No schools or fd

@Ragamuffine2 @Xenoscient @atograisse @MattZeitlin What an astute observation! Perhaps we should tax people based on the value of the land and not what’s built on top of it. We could even call it a land value tax

it really says so much about path dependency and institutional design that the fact that property taxes are often paid with your mortage payment means that people think of property taxes as part of the mortgage per se

@texasrunnerDFW Its more insidious. Its a roundabout way to shut down the public school system

What people who want to cancel property taxes are really advocating for is higher sales taxes and higher income tax The burden of both those is disproportionately carried by young, working families at the height of their income and consumption stage in life

@devahaz Most of the bread in europe is in a bakery/cafe where people walk up to and eat right there. The walkability in every city and town means very few people store stale bread at home.

Europeans see a photo of an aisle of 500 different packaged sliced breads in a US grocery store and can’t comprehend the scale of abundance in America that there’s also a whole entire separate giant bakery section full of breads like these

@HannahDCox You cheaped out on the road in front of your house, and all the cars are crashing on our front lawn.

Truly, if you believe paying taxes could ever benefit you then you’re the one that was hoodwinked. The rest of us argued correctly that the government should stop taking our money so we could more efficiently use it to pay for wants and needs like fugging adults.

@Sxnt1_Sxndxval Kids cant reach the back of your seat in first class section. Musta be Ryan air

Ayer hice que bajaran a una madre y a su hijo de 4 años de la sección de primera clase en un vuelo de 10 horas, y no me arrepiento ni un poco. Pagué una fortuna por un asiento en una zona que se promociona como exclusiva para el descanso, y apenas me senté, el niño empezó a patear mi asiento y a gritar porque no quería usar los audífonos. Cuando le pedí amablemente a la madre si podía controlarlo, me miró con desprecio y me dijo: "Es un niño, no puedo amarrarlo, ten un poco de empatía, seguro tú no tienes hijos". Tiene razón, no tengo hijos, y precisamente por eso trabajo 80 horas a la semana para poder pagar un viaje tranquilo lejos del caos. Llamé a la jefa de cabina y le dije que mi boleto garantizaba un estándar de servicio que no se estaba cumpliendo. Como el vuelo no estaba lleno en clase económica, pedí que los reubicaran a ellos o a mí (exigiendo un reembolso parcial). Al final, los movieron a ellos al fondo del avión. La mujer se fue llorando llamándome "clasista y odia-niños", y un par de pasajeros me miraron como si fuera un criminal. Yo pagué por silencio y comodidad, no para ser el soporte emocional de una madre que no sabe poner límites. ¿Ustedes creen que los niños deberían estar prohibidos en ciertas secciones de los aviones o yo soy el que está mal por exigir lo que pagué? Los espero en los comentarios.

@jimiuorio wow, people have gotten so rich?

The tax revenue that both Illinois and California collects has almost doubled in ten years…

@Simi_2210_ This must be a Jane Street interview question

This question separates smart from smarter Solve this if you're legend

@Xenoscient @atograisse @MattZeitlin yeah most of it is undeveloped land so could be quite cheap

@Ragamuffine2 @atograisse @MattZeitlin Pretty sure he still pays property tax to Hawaii on his 98% share of Lanai, though Hawaii has the lowest effective property taxes of the states. Maybe they could discourage such hoarding by raising their property taxes!

@erichhartmann then it will be wah wah i have paid off my house now I have to build a road and a well to it?

I've become more and more convinced that most of our societal problems stem from the fact that too many people, like this fella, have zero "rural exposure" in their lives. They actually believe that these things wouldn't exist without government.

@atograisse @MattZeitlin Ellison has an island

@MattZeitlin We get rid of property taxes. You buy the property you now have your own "territory" the govt can't influence or levy demands to contribute. Rich foreigners now go an buy as much land as possible and own the majority of the territories. Good job you brought back monarchies.

@BoomerDivvies What about the 999millionaire?

@Ragamuffine2 They shouldn’t have to pay.

The US deficit is now $39 trillion dollars. But the US population is also huge, 349,000,000 people. So if they all paid $112 then the deficit would be paid off. Why aren't they doing this??

@MercuriusFilius Throw out all the white balls

How would you answer this common Goldman Sachs interview question?

@jimiuorio They can move but the money can’t. Money is not a person so no harm done

Now we wait for the first person to say “they shouldn’t be able to move to avoid the tax”..that’s when we see the real authoritarians among us emerge…

@SlingForAmerica @averros271828 @MAGAMAHACindy well, I agree in that taxing wealth is cumbersome, invasive and ultimately bound to fail.

OK, I misread. My bad. There are many ways to declare what happens to your portfolio, almost too many to track unless you're a tax lawyer. (I'm not, I just pay way too much in taxes.) Taxing unrealized gains a foolish policy guaranteed to kill investment / reinvestment. Using that policy in a extreme example you could tax a lottery player for the unrealized gain of their lottery ticket. They could win $55mil so we'll charge them taxes until they don't win then we'll refund the taxes charges.

@Ragamuffine2 @averros271828 @MAGAMAHACindy No you don't. The IRS taxes the realized gains, not all gains. BC it's not a real gain until you sell it. To you own a 401k, Stocks, Crypto? If so unless you sell an asset you're not taxed on a gain, or a loss for that matter. The chaos what you described would crash society.

@SlingForAmerica @averros271828 @MAGAMAHACindy I am pointing out that it is not like the law of gravity you make it out to be.

@Ragamuffine2 @averros271828 @MAGAMAHACindy Can voluntarily elect to do this. You're not required to use Mark to Market. Large traders do this to take advantage of the tax codes, not because the government forces you to use this method. It's pretty obvious you don't manage any stocks.

@96hoya It was a dem psyop to push billionaires out of CA state politics. It is working.

How stupid do you have to be to think that once a billionaire tax is implemented, the government will declare 'mission accomplished' and leave other wealthy people alone? Remember: Anyone making more than $34,000 a year is in the global 1%. Tax them until it hurts.

@Austen If I was a billionaire. i promise you, the only taxes I would pay is property taxes and sales taxes.

“But billionaires don’t pay taxes!” Yeah that’s a complete lie you’re supposed to be too smart to believe

@Austen show me the numbers. No one shows the numbers because when they look at it, they know. Billionaires dont pay all that much.