Michael

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Michael

Michael

@michaelBEKR

Katılım Ekim 2015
284 Takip Edilen74 Takipçiler
Michael
Michael@michaelBEKR·
@Cryptok1ngzZz @Antiworkship @KeithFlemming @RealMrJuco You're not familiar with to propose a comprehensive policy ? You never did because no one ever does because people have lives and other things to do. At least people who are willing to throw something out there are willing to learn, be challenged and develop their ideas. With ppl
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Keith Flemming
Keith Flemming@KeithFlemming·
He’s worth 270 billion dollars. If you spent one million dollars a day, it would take 700 years to spend 270 billion dollars. Most of his money is tied up in stocks. From 2006-2018 he paid 1.4 billion in federal income taxes. In the same span he increased his net worth by 127 billion, or another way to say he paid 1.1% of taxes. This is exactly how the 1%, people like #Bezos are allowed to avoid paying their fair share in taxes. There’s no political wedge, it’s the 1% who control this country, and don’t pay their fair share in doing so. The reason the middle class is dying is these large corporations, owned by the wealthiest Americans, who are only worried about profit. Imagine having this kind of money and trying to play the victim. While his company won’t let his employees unionize, for fear it will cut into their profits. His company Amazon made 638 billion in revenue in 2024.
NBC News@NBCNews

Amazon executive chair Jeff Bezos accuses U.S. politicians of villainizing the ultra-wealthy and using tax policy as a political wedge issue to distract from bigger challenges facing the country. nbcnews.com/business/corpo…

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Michael
Michael@michaelBEKR·
@Cryptok1ngzZz @Antiworkship @KeithFlemming @RealMrJuco Literally all your account is hoping one of your shitcoins miraculously goes to the moon, you are the furthest thing from an entrepreneur yet you're licking their boots like they're your gods. Go and read up on some history, would do you some good on why it's a bad idea to let
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Michael
Michael@michaelBEKR·
@RealMrJuco @Antiworkship @KeithFlemming If Bezos makes 5% annually but the economy only grows 2-3%, where does the rest of his money come from ? It's simple math, these billionaires are making more than the economy is growing and the only way that is possible is they are taking the rest from the state, the working
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Michael
Michael@michaelBEKR·
@Antiworkship @KeithFlemming @RealMrJuco You are looking at it from the wrong perspective though. Yes I agree the state mostly does not help, even though they do provide the context in which the entrepreneur can build his company (educated workforce, infrastructure etc), but you cannot allow the ultra rich to gobble up
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Michael
Michael@michaelBEKR·
@Cryptok1ngzZz @Antiworkship @KeithFlemming @RealMrJuco I'm not saying I have all of the answers, it's just an idea. I'm not an economist, I do not have any expertise on tax policy but if you put together a small group of well funded economists, they will figure a system out that can take wealth from the ultra rich and give it back
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Michael
Michael@michaelBEKR·
@Antiworkship @KeithFlemming @RealMrJuco And they will take more and more assets untill there is nothing left to take because for these billionaires, it is never enough. Just look at pre WW2 history : plenty of wealth creation during the 1800s and 1900s, yet it's not untill after WW2 that this afluence spread to all
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Michael
Michael@michaelBEKR·
@Antiworkship @KeithFlemming @RealMrJuco What's wrong with the idea ? As stated earlier, no one loses anything if the company fails and the state has a powerfull sovereign fund if it does work out. Wealth creators are needed but also need to be kept in check because given the chance, they will bend policy to their will
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Antiwork
Antiwork@Antiworkship·
Of course But 90% of startups fail Every investor tries to minimize this nb for their portfolio by applying their checks and balances and then selecting which they think are winners, yet 40% of funded startups fail Blanket buying of shares of every other startup is a bad idea for any govt or sovereign fund, unless they have a death wish
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Michael
Michael@michaelBEKR·
@Antiworkship @KeithFlemming @RealMrJuco I don't understand what you mean ? If the company fails, the shares are worthless and the individual that paid the taxes has lost 0 actual dollars and if the company succeeds, the state now owns shares of a profitable company
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Michael
Michael@michaelBEKR·
@Antiworkship @KeithFlemming @RealMrJuco Yes you have zero revenue, that's why you can sell your shares. The state wouldn't fund anything. Instead of a payment, they could have an organization responsible for receiving and managing these shares, like a sovereign wealth fund
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Antiwork
Antiwork@Antiworkship·
@michaelBEKR @KeithFlemming @RealMrJuco 😆 Business idea is valued at X million, basis on some ARPU calculations I made on some excel sheet - it can generate zero revenue when I GTM And I don't know if the state would fund just anyone walking in to get them to pay taxes
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Michael
Michael@michaelBEKR·
@Antiworkship @KeithFlemming @RealMrJuco If your business is valued at 10 million $ that means your company is worth something. If no private investors want any part of it, the state can take them instead
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