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@catballercat @cafreiman Its not just technology, its things like life expectancy and standard of living that are much better today than 134 years ago
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@RockChartrand money printing = huge increase in value of assets owned by wealthy
middle class has less assets and mostly live on wages, wages eroded heavily by inflation of money printing
the wealthiest 1 percent already won the game, now they just lobby and control the government as well
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“Trickle down” isn’t even a real policy, it’s a slogan critics made up.
What actually happened over those “50 years”
Massive expansion of government spending, regulation, and redistribution.
So if everything is supposedly being “sucked up,” maybe ask the obvious question:
Where did the trillions in taxes and spending go?
They never do.
Because the uncomfortable answer is that the biggest, most consistent upward transfer isn’t markets
It’s the political system absorbing more every year while outcomes don’t match the promises.
Blaming “trickle down” is just a way to avoid following the money.
Fuck You I Quit@fuckyouiquit
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@CriticalDragon1 @cafreiman technology is usually considered a net benefit for society, but it doesn't necessarily mean rent is easier to make than back then
wealth inequality is huge and wages decrease every cycle of money printing while the wealthiest get richer in assets
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@cafreiman Like I said in my reply to him, you're going to have to work hard to show that things are worse now than they were 134 years ago.
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@cafreiman The economy grows (GDP per capita ↑)
But gains are unevenly distributed
And inflation erodes everyday purchasing power
So both things can be true at once:
👉 The country is getting richer overall
👉 Many individuals aren’t feeling richer
Inequality up, are you really a prof.?
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@MarcLobliner they sell their shares all the time, who cares, strange that you are so submissive to billionaires
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@catballercat And what happens if billionaires sell their shares?
Taxing unrealized gains is retarded
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Let's transfer Bernie's wealth first and see how it goes.
Bernie Sanders@BernieSanders
Ok, Jamie: Let me clear things up for you. If my 5% wealth tax on billionaires was enacted you’d owe $135 million more in taxes & a family of 4 making $150,000 or less would receive a $12,000 payment. Oh, and you’d still be worth more than $2.5 billion. Seems pretty fair to me.
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@Kazanjy crony capitalism and unlimited money printing to pass unlimited wealth to billionaire class giving them unlimited lobbying power and control ✅Good
anything to set things back in balance and have a decent middle class ❌very bad, we only give hand/bailouts to the rich in US
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Communists want to take everything from you.
Elizabeth Warren@ewarren
The Ultra-Millionaire Tax Act would generate over $6 trillion over the next decade—without raising taxes on 99.85% of American households. This wealth tax for millionaires and billionaires could pay for universal child care, free community college, Medicare expansion, and more.
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@Handre crony capitalism and unlimited money printing to pass unlimited wealth to the billionaire class giving them unlimited lobbying power and control ✅ Good
anything to set things back in balance and have a decent middle class ❌very bad, we only give hand/bailouts to the rich in US
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Socialism dies the moment you understand basic economics. Every socialist experiment—from the Soviet Union's 66 million deaths to Venezuela's 2,000% inflation—fails because central planners cannot calculate prices without markets.
Ludwig von Mises proved this in 1920: without private property and voluntary exchange, rational economic calculation becomes impossible. You cannot allocate scarce resources efficiently when bureaucrats replace market signals. Cuba's average monthly wage remains $30 while North Koreans starve.
Meanwhile, Hong Kong transformed from fishing village to financial powerhouse through free markets. Property rights create prosperity. Central planning creates poverty. The choice stays yours.
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@LibertarianLars but we allow "our neighbors" to profit off of the government printing unlimited money, boosting their assets, leaving wages in the dust, and taking a growing trend of the wealth of the economy from the middle class
infinite lobbying power aint so good, crony capitalism too
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No , we don’t steal from our neighbors because it’s theft . Stealing from our neighbors because the neighbors all voted to steal , does not change the fact that it’s theft.
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@cafreiman there is not a fixed sum of wealth in the boardgame monopoly either, but by the end one player will take all the limited resources
crony capitalism isnt so good
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Actually, both billionaires and immigrants are good for economy. Anti-billionaire and anti-immigration beliefs tend to result from the mistaken view that there’s a fixed sum of wealth.
BladeoftheSun@BladeoftheS
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@GeeksGolfers @heresyfinancial never said i simp for the government, its the gov that allows billionaires to lobby themselves more power
In reality, billionaire portfolios (mostly equities) have historically returned 7-10% annually, often more than offsetting the tax—so net wealth typically keeps growing
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@catballercat @heresyfinancial Better than licking the boots of lifelong politicians. Those billionaires give us jobs.
What does the govt do so well you simp to give them more of anyone’s money?
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How much of what belongs to me is your fair share?
I’ll give you a hint
Zero
Whether it’s income, wealth, sales, or other, taxes are theft.
Bernie Sanders@BernieSanders
Ok, Jamie: Let me clear things up for you. If my 5% wealth tax on billionaires was enacted you’d owe $135 million more in taxes & a family of 4 making $150,000 or less would receive a $12,000 payment. Oh, and you’d still be worth more than $2.5 billion. Seems pretty fair to me.
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@RockChartrand In reality, billionaire portfolios (mostly equities) have historically returned 7-10% annually, often more than offsetting the tax—so net wealth typically keeps growing rather than dropping below $1B.
the rich get richer so to say, especially in crony capitalist environments
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“Fair” in that framework isn’t about what’s earned, agreed to, or produced. It’s about what can be taken without immediate collapse.
If you can remove $135 million from someone and they’re still standing, it gets labeled “reasonable.” If you can redistribute it and make others feel helped, it gets labeled “just.” The standard isn’t rights. It’s tolerance for extraction.
That flips the moral question entirely.
Instead of asking, “Who created the value?” it asks, “How much can we take before it hurts too much?”
Instead of voluntary exchange, it becomes calibrated coercion.
And once that’s the premise, there’s no limiting principle. Because “you’re still rich” is infinitely elastic. There’s always more that “won’t kill you,” which means there’s always more that can be taken.
So fairness stops meaning equality before the law and becomes a moving target based on envy, optics, and political leverage.
Bernie Sanders@BernieSanders
Ok, Jamie: Let me clear things up for you. If my 5% wealth tax on billionaires was enacted you’d owe $135 million more in taxes & a family of 4 making $150,000 or less would receive a $12,000 payment. Oh, and you’d still be worth more than $2.5 billion. Seems pretty fair to me.
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@RNHiggers @EarthFirstVoter @Rooster2k2k2k2 @mattvanswol @BernieSanders sounds like black people live in your head rent free
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@catballercat @EarthFirstVoter @Rooster2k2k2k2 @mattvanswol @BernieSanders Why are you talking about black people like that? Sounds racist. Bug yikes my guy!
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Ok, Jamie: Let me clear things up for you.
If my 5% wealth tax on billionaires was enacted you’d owe $135 million more in taxes & a family of 4 making $150,000 or less would receive a $12,000 payment.
Oh, and you’d still be worth more than $2.5 billion. Seems pretty fair to me.
Acyn@Acyn
Kilmeade: What do you say to people like Bernie Sanders who says billionaires don't pay their fair share? Dimon: I don't know what he means by fair share
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@Rooster2k2k2k2 @RNHiggers @EarthFirstVoter @mattvanswol @BernieSanders I retired some years ago in my 20s and probably have more money than you
but even I still think society is better with a strong middle class and wages haven't kept up with inflation due to money printing for many decades
I wouldnt say corps are evil but its gone out of balance
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@catballercat @RNHiggers @EarthFirstVoter @mattvanswol @BernieSanders Cry harder, most people work for these evil rich corporations, tens of millions of us…. They pay great, jumping in my new Silverado to get my two year old bass boat of of storage as we speak 🤣😆🤣😆🤣😆🤣
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@LeeNelsonAuthor @Fat_Electrician A flat tax is simple and transparent, but it often:
-Places a heavier burden on lower-income households
-Increases inequality
-Reduces flexibility in economic policy like making incentives for different groups etc
overall society is better with a strong middle class
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@Fat_Electrician The only Fair tax is a Flat Tax with zero exemptions.
Earn $100? Pay $10.
Earn $100,000? Pay $10,000.
Earn $10,000,000? Pay $1,000,000
(or go 5%?)
Thats the fair tax on wealthy "Everyone pays their fair share" the Dems have pushed The Words since 0bama.
But they wont do it. Why?
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Hey, remember that time we implemented income tax only for the top 3% of Americans? Then it applied to everyone, and the top 3% hired accountants to use loopholes to avoid it. And it to this day fucks everyone else? History repeats itself, thats issue.
Bernie Sanders@BernieSanders
Ok, Jamie: Let me clear things up for you. If my 5% wealth tax on billionaires was enacted you’d owe $135 million more in taxes & a family of 4 making $150,000 or less would receive a $12,000 payment. Oh, and you’d still be worth more than $2.5 billion. Seems pretty fair to me.
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@OtherSideAus @BernieSanders well what we have now isn't capitalism, its crony capitalism
we have gone off gold standard to print unlimited amounts of money and pumping assets (most owned by billionaires) and killing wages of middle class
they now have unlimited lobbying money to keep things in their favor
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OK Bernie. Let me clear things up for you:
First and foremost: IT’s NOT YOUR MONEY. You have no right to steal it and redistribute it.
Secondly: Everything a billionaire does with their money serves society already. Investing, innovating and even just spending it. It’s best left in their successful smart hands for distribution and allocation to projects and salaries, than the unsuccessful inexperienced idiot hands of politicians like you and government.
Do you understand now how capitalism and free markets work and why America is the richest and most powerful place on the planet?
And I haven’t even started on the fact that govt has accumulated $39TRILLION in debt making everyone poorer. Nor the fact that the 20th Century showed us the effects of your insane Marxist system. Over and over again.
How dumb can one old man be?
Pretty dumb, it seems.
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@RNHiggers @EarthFirstVoter @Rooster2k2k2k2 @mattvanswol @BernieSanders they've also been gifted more money than anyone else by unlimited money printing by government, inflating their assets, killing wages against inflation, and unlimited lobbying power to get laws and regulations they want passed to keep making profits
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@perseusnovum @BernieSanders I mean his policies never go thru but he's one of the only politicians fighting for middle and lower classes
when the government has gone off the gold standard, printed endless money enriching people who own assets ie. billionaires especially
wages never keep up with printing
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