
Splaticus91
9.3K posts

Splaticus91
@Splaticus91
Ret. Lawyer I'm immune to emotional blackmail. All Leftists are on a quest to find The Head of Vecna, and I hope they find it.




"Communism is when good thing"



“Billionaires already pay more taxes than you ever will” is one of the most financially illiterate arguments on this app because it confuses nominal dollars with effective burden. A billionaire paying $500M in taxes sounds enormous until you remember they gained $20B in asset value while doing it. The relevant metric is percentage, not raw dollars. A teacher paying 22% of a $60k salary is carrying a heavier proportional burden than someone paying 8% while their wealth compounds tax-deferred through stock appreciation. And this “their money was already taxed” line is mostly fiction at billionaire scale. Middle-class wealth is usually income that got taxed, then saved. Billionaire wealth is overwhelmingly unrealized appreciation. Tesla stock going vertical did not mean Elon “earned” $100B in taxable salary. The shares appreciated. Under current law, that appreciation can sit untaxed for decades, get borrowed against for liquidity, then receive stepped-up basis treatment at death that can erase the embedded gains entirely. That is not “double taxation.” In many cases it is functionally zero taxation on the primary mechanism of wealth accumulation. People also weirdly talk about billionaires like they emerged from the forest carrying capitalism on their backs with no public inputs involved. Their companies rely on: public roads public courts public contract enforcement public utilities public universities public research grants public internet infrastructure public IP law public military-protected trade routes public education systems producing labor The modern corporation is not built in isolation. It operates inside an enormous state-supported framework. And no, asking whether someone should contribute proportionally to maintaining the system that enabled $100B fortunes is not “greed.” That framing is emotional theater designed to avoid discussing the actual structure of tax law. The real debate is simple: Should labor income be taxed continuously while massive asset appreciation can compound largely untouched for generations? That’s the argument. Everything else is distraction.





After hearing the Pentagon classified brief on Iran war impact on US weapons stockpiles, Senator Mark Kelly says it is "shocking how deep we have gone into these magazines." He said the Tomahawks, ATACMS, SM-3, THAAD rounds, Patriot rounds, so those interceptor rounds to defend ourselves have been hit hard. He says it'll take years to replenish those stockpiles, which could affect a hypothetical US conflict with China. @FaceTheNation



























