Lewis

#FreePalestine 🙏

@EconomyComments all the benefits are the discoveries they make along the way and jobs it’s creates. Any value they find in space in terms of energy or materials will still be sold to us at a premium.

@_LewisLFC It doesn’t mean we as a species *move* to Mars, but we can utilise space to harness energy more effectively without needing to risk pollution within the earths atmosphere. I do hope you are not trying to suggest you know more about the benefits of space than Elon Musk.

Billionaire wealth doesn’t prove billionaire value creation. It proves billionaire value extraction.

@SeamieOShea90 @just_swe_ @AshurShahana @nonewthing i definitely should’ve said assets my bad

@_LewisLFC @just_swe_ @AshurShahana @nonewthing “Wealth is finite” Jesus Christ of almighty. Well, at least we know you aren’t using AI anyway.

@CFCNoah1 How do we solve cancer?

@_LewisLFC I mean, you’re spouting shit about why his equity in hugely valuable companies is a problem, I do expect you to be able to explain why and how we might go about solving it

@EconomyComments Going to space does nothing for us, there are universal laws that keep us just where we are. As for capitalism, Government investment does further the species.

@_LewisLFC For companies that greater the species yes it is in everyone’s interest for us to fund it

@just_swe_ @SeamieOShea90 @AshurShahana @nonewthing Billionaire passive ownership is not productive. But it does allow them to leverage debt against their legal ownership to buy more rent seeking assets. Wealth is finite and becoming increasingly concentrated because of this.

@_LewisLFC @SeamieOShea90 @AshurShahana @nonewthing Can you explain which parts of a billionaires wealth is not productive? - because all your previous tweets have shown you’re misunderstanding what equity is.

@EconomyComments He created it sure, but NASA (the American Government) did most of the investment that lead to major scaling. Just shows how useful Government is in propping industry, it’s almost like it’s in everyone’s favour to pay taxes so that this can happen more frequently.

@_LewisLFC He created the company and funded the staff to do that.

@CFCNoah1 Did you expect me to be a tax expert that could single handedly resolve a global issue?

@_LewisLFC Great

@just_swe_ @SeamieOShea90 @AshurShahana @nonewthing i’m not interested in taxing the productive capital, it’s the unproductive capital i care about which is the vast majority of billionaire wealth

Ok, so I think we’re getting closer to an agreement. We don’t want to heavily tax and disincentivise companies from being productive. This means we should not advocate for more taxes on productive capital. However, we should definitely penalise those that are not being productive on top of land which is a fixed resource. To sum it up, the UK has a lot of issues that prevent capitalism from working as intended but more wealth taxes on productive capital itself is not the solution.

@just_swe_ @SeamieOShea90 @AshurShahana @nonewthing i completely agree with this

@_LewisLFC @SeamieOShea90 @AshurShahana @nonewthing I’ve discussed this before. x.com/just_swe_/stat…

I agree that is a problem which is why I mentioned a land value tax + planning reforms. Businesses and employees should not have heavy, numerous taxes burden them for their productivity. Business opens → creates jobs → workers move nearby → local economy activates → cafes, shops, services follow → area becomes desirable → land values rise → landowner captures that appreciation → did nothing to create it x.com/just_swe_/stat…

@just_swe_ @SeamieOShea90 @AshurShahana @nonewthing i’m all for land value tax and see at as a form of wealth tax that would disincentivise rent seeking and improve productive investment. would also very likely reduce the private tax on renters by landlords.

A lot of the UK’s wealth is tied up in property and it’s only heavily inflated because of limited supply and monetary policies (blame the government and BoE). We have a lot of structural issues that need to be addressed but a wealth tax does not address this at all. Wealth taxes are literally disincentives against productivity. I’d be more onboard with you if you had advocated for planning reforms and land value taxes (while reducing other taxes).

stocks and shares ISAs are literally the exact same principle. It’s equity in a company for a share of the profits😂 so yeah her AI tripping over itself to give her the answer she wanted made me call it out. People that own shares in a company have residual interest. and then it just told me how current taxes work which we already know, my arguments for taxing the untaxed wealth of billionaires. So sorry for not wasting my time addressing the pointless points like i have now.

@_LewisLFC @AshurShahana @just_swe_ @nonewthing You absolutely did not respond to her wiping the floor with you confusing optics with substance, or in fact anything she said here. Your only response was “you’re using AI.” That’s an ad hominem. A claim stands or falls on its reasoning, not on who/what helped generate it.

🚨WARNING: Liverpool play football today.

@SeamieOShea90 @AshurShahana @just_swe_ @nonewthing I’ve defended that point multiple times over the hours and countered plenty.

@_LewisLFC @AshurShahana @just_swe_ @nonewthing I know. And it is easy to counter AI arguments when they are factually wrong or logically incoherent. You did not do that with Shahana’s points. All you did was cry that she was using AI.

I want a wealth tax because redistribution improves investment which pushes capitalist countries forward. Rent Seeking economies stagnate. The UK aren’t fortunate enough to have massive oil reserves to fund the public infrastructure, we’re a net importer so we have to raise the funding internally.

Why do you want wealth taxes? You still haven’t answered that question. Norway has a small population with the world’s largest sovereign wealth fund using their oil reserves. That’s how they fund their welfare easily. If your goal is to improve the lives of people in the UK for example, you’d be advocating for a lot of structural reforms and wealth taxes would not be up there.

@miriti71 i’m not really a fan of degenerates i’d say

@_LewisLFC Which one do you prefer Lewis; Capital degenerates or Communist degenerates ?

@AshurShahana @just_swe_ @nonewthing I’m not a you of being ai, just of using it. Never in your life have you used the phrase “This is where rubber meets the road”. And i just cropped an image so it looked cleaner, a bullet point saying they once paid $48m in tax in their long history of paying none helps my case 😂

@_LewisLFC @just_swe_ @nonewthing Sorry? You are accusing me of being AI? Simply because you cannot refute the arguments I am putting to you? Time for you to close X and watch the match Lewis. You’ve made a show of yourself here, and not just because you deliberately edit screenshots.

@SeamieOShea90 @AshurShahana @just_swe_ @nonewthing Ai will literally fight any point you ask it to lol

@_LewisLFC @AshurShahana @just_swe_ @nonewthing If you are crying about someone using AI, rather than countering their arguments, you lost. It doesn’t matter if they run their positions through Grok. It only matters if their points are factual and logical. If they aren’t, you’ll be able to better her. You failed to do that.

@EconomyComments because he is on man and isn’t doing the research and production

@_LewisLFC How do you arrive at that conclusion?