@UziCryptoo It's why a lot of libertarians, who support free markets by-and-large, are against property taxes...
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Ryan Sears
2.5K posts
You can't tax rich people on unrealized gains from stocks because "it's not real money until it's sold."
So explain to me why my property taxes keep going up based on the unrealized value of my house?
I didn't sell it.
I didn't cash out.
I didn't make a profit.
But somehow I'm paying taxes on paper gains every single year.
Interesting how "unrealized gains" only become a problem when wealthy folks are involved.
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@TheLaurenChen If you do the math, she wasn't making the minimum payments to apply anything to the principal. The video even shows her outstanding interest balance.
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Reminder that usury is a sin.
Yes, people should know how interest and minimum payments work.
But that doesn't excuse an immoral practice.
I always get flak when I call out usury, and it just boggles my mind that anyone defends it.
MatrixMysteries@MatrixMysteries
An American checks her student loans. She borrowed $49,548.74. After 120 payments, she’s paid $25,558.36. Her current balance? $50,121.33. After PAYING $25k… she now owes MORE than she originally borrowed. This isn’t aid — it’s legalized USURY.
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@kim_siever You're likely spending it on other things. But I don't know what your actual expenses are and what your actual income is. Budgeting is a skill more people need to work on.
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I do not buy coffee, and I make my own lunches.
Where is this extra $15,000 I am supposed to have?
dank@cptdankkk
Kevin O'Leary says most people waste $15,000 a year on stupid stuff like $5 coffees "Stop buying coffee for five dollars and fifty cents" "You go to work and you spend $15 bucks on a sandwich, what are you an idiot. It costs you 99 cents to make a sandwich at home and bring it with you" "Bring your own water, your own drink or your own coffee mug. You start to add that up every day it's a ton of money" "Most people starting on their job making their first $60,000 piss away about $15,000 a year"
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Capitalism-Socialism is a spectrum.
On the Capitalist side, one person owns everything and everyone else is a slave.
On the Socialist side, no one owns anything because everything is shared.
We are right on the Far Right of the Capitalist side.
We need to go WAY Left.
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Socialism is where the people work and the people get the profit.
No disgusting billionaires sitting on their asses taking whatever they like.
In the 1970s Europe and America was far more Socialist that it is now.
Renationalise EVERYTHING.
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@MatrixMysteries She likely wasn't even paying the minimum payment. Hell, IN THIS VIDEO, it shows outstanding interest of $572.59. Anyone who is financially literate is not surprised in the least that the principal balance has gone up, not down.
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An American checks her student loans.
She borrowed $49,548.74.
After 120 payments, she’s paid $25,558.36.
Her current balance? $50,121.33.
After PAYING $25k… she now owes MORE than she originally borrowed.
This isn’t aid — it’s legalized USURY.
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@MetamateDaz That is all gov policy. You're just proving that the gov warping the market is bad for all the reasons free market advocates say that it's bad.
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@beyond_capital No one alive today is poor because billionaires exist. If this were true, everyone in the early 1900s would have had a higher standard of living than we do today. Clearly, it is false. If true, more billionaires would equal more poverty, but poverty has declined.
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“Billionaires create jobs”
Nah, billionaires create poverty.
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@beyond_capital Communism is built on false premises. It SOUNDS good, but it doesn't even work on paper. "Not quite capitalism" has lifted BILLIONS out of poverty
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Ryan Sears retweetledi
The irony is that billionaires and profit seeking companies are the very reason hunger is lower, medicine is better, technology exists, cancer survival rates improved, and billions of people live longer than ever before.
The people blamed for “wasted human potential” are usually the same people creating the infrastructure, industry, logistics, energy, and innovation civilization depends on.
And “we already have the resources” is meaningless without production, incentives, distribution, property rights, and people willing to create and maintain those resources in the first place.
Human suffering isn’t primarily caused by greed. It’s caused by scarcity, ignorance, corruption, war, and systems that punish productivity while rewarding dependency and political power.
𐌁𐌉Ᏽ 𐌕𐌉𐌌𐌉@OrevaZSN
The most annoying thing about being human right now is knowing we already have the intelligence and resources to end world hunger, fight climate change, and cure cancer, but greed and billionaires keep millions suffering instead. The wasted human potential is heartbreaking.
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@JamesMulbegv @Mike48659263089 @iluminatibot Those dollars they pay back are the incentive for people to loan money into the economy. Without such loans, the economy stagnates.
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@Mike48659263089 @iluminatibot You people miss the point so severely, your stupidity needs to be studied. Do you not understand, for every dollar that these people pay in usurious scam fees, is a dollar they're not spending in the broader economy YOU PARTICIPATE IN? Now it goes to some Israeli weapon system.
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American takes out a student loan for $8,645.
After years of payments, he’s paid $7,450.
His current balance? $8,750.
He pays $7,450 — and somehow owes MORE than the original loan.
This is usury, and it should be illegal
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@iluminatibot If they weren't paying the minimum monthly payment, that will happen. That is how interest works. He is paying money over time for the ability to get a lump sum of money all at once, i.e. the loan.
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@PamphletsY China's economy only works because they implemented SOME free market reforms. The party running the country is still communist, and they still hold enough political power to destroy companies that don't toe the party line. When they were fully centrally planned, millions died.
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@mcsquared34 You only "have to find it in other places" when spending isn't cut as well. We dont have a revenue problem. We have a SPENDING problem. The US gov should be in an episode of Financial Audit ffs...
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When you cut taxes on the rich for 50 yrs you have to find it in other places. This always ends up squeezing the working class. What you get is bogus fees and taxes on consumption. Taxes on consumption are regressive bc a CEO doesn’t even notice them but the janitor does.
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@BladeoftheS You do realize real life doesn't work like a board game, right? Right?
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Have you played Monopoly?
That is a Free Market system.
How long does it take one person to bankrupt all the other players and end up with everything, a monopoly.
I would say Ayn Rand was stupid, but she wasn't she just repeated the same lies that have been going for 200 years
Sowell Economics@sowelleconomics
Ayn Rand: "Under a free system, no one could acquire a monopoly on anything. If you look at economics, and economic history, you will discover that all monopolies have been established with government help."
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@romanhelmetguy @erat_perfect Subsidies, high barriers to entry, minimum wages, tariffs, bailouts, etc, are all forms of gov help that warp the market in favor of monopolies.
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Help how? Monopolies have existed. They are historically common enough. And when they existed, so did government. But what counts as government help? Does the government using the police to enforce property rights count as help?
Monopolies have arisen under a wide range of governmental systems. That’s a fact. Within those systems, they are common and natural. But which part of those systems you want to count as “help” is arbitrary.
If all functions of the government count as help, then the only true “natural” monopoly has occurred when a government stops being able to enforce any rights, and someone takes over all the land and declares themselves king. Which is of course fairly common as well. Can’t accuse the government of helping its usurper.
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This is her dumbest take. Monopolies form naturally. Monopolies are much more profitable than competitive industries. So if you find yourself in a competitive industry, it makes sense to buy out or collude with all your competitors, or to temporarily take a loss in order to drive them out of business. The government itself is a naturally-forming monopoly on violence. Ayn Rand is frequently guilty of this kind of magical thinking in which everything would be perfect if the government just disappeared. Well, there are still large parts of Africa today in which there is effectively no government. Is it utopia? Meanwhile the Industrial Revolution could not have taken place without the financial incentives put in place by intellectual property law such as patents, which require an incredibly strong government to enforce. The right really needs to get away from this whole “everything the government does is bad” loser mindset.
Sowell Economics@sowelleconomics
Ayn Rand: "Under a free system, no one could acquire a monopoly on anything. If you look at economics, and economic history, you will discover that all monopolies have been established with government help."
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@DizzaXL Socialism and communism only became distinct ideas when Marx and Engels were criticized on some their ideas on the State. Even up until the 1920s, they were often used interchangeably. And they're both dog shit.
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Growing up, we were always taught the difference between Socialism and Communism.
I've noticed recently that more and more people blend Socialism and Communism together. It seems almost as if a massive psy-op going around conflating a great system (Socialism) with a dog shit system (Communism) in order to get the hate that people have for Communism onto Socialism so it's easily discredited by retarded people.
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@ItsLulu_7 No. Socialism is the economic equivalent of flat Earth theory. The problem is that people do not understand what it is nor do they understand what aftual free markets are. This means they don't understand why free markets are far, far, FAR superior to a socialist command economy.
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@raeforla Even blue cities in red states have better sense. Places where builders can meet demand have actually seen housing costs go DOWN. Even during Covid, they didn't rise nearly as much as the rest of the country. I think Austin housing costs are actually lower now than before Covid.
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@raeforla "The market cannot provide affordable housing." Then, why are the unaffordable houses in places where they use rent control and so much red tape to build new houses?? Go to any place where the market can do its thing and compare it to places like NY and LA.
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Housing is a human right. No one in this city should have to worry about losing their home or end up on the streets due to systemic issues.
Homelessness and the housing crisis are not two different problems, they are two sides of the same coin. And they have the same solution – permanent affordable housing.
Trickle down economics is a fallacy. The market cannot provide affordable housing. Prices are only going up, driving people into homelessness, or out of the city entirely.
Rae will build social housing on public lands and speed up housing production citywide, cutting red tape while keeping in place tenant and homeowner protections to ensure that people are able to keep their homes.
Rae will streamline the city’s housing strategy, creating a Mayor’s Office of Housing For All to consolidate these different departments under one roof, with a public dashboard to track progress and hold us accountable.
Read more on her housing policy platform on our website! (raeforla.com) 🌞🔗
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