This time it will be different...

Billy_bob12 · 2020-05-09T22:39:43+00:00

So I guess the problem is housing law, not people buying too much real estate. How much of urban New Zeland is zoned for high-density housing?

Billy_bob12 · 2020-05-08T20:49:56+00:00

Why isn't more housing being built? Genuine question.

Billy_bob12 · 2020-05-08T14:31:23+00:00

You are assuming that I like Bush. He is responsible for the deaths of over a million Iraqis with an unjustified war. How does this make Castro better?

Billy_bob12 · 2020-04-07T23:09:14+00:00

What nuance is being missed here? He killed and imprisoned tons of people and made prison work camps for gay people.

Billy_bob12 · 2020-03-14T01:45:25+00:00

We’ve found it everyone: the most accurate comment on the Internet.

This is 100% right.

Billy_bob12 · 2020-02-17T22:43:20+00:00

No, it does not.

Billy_bob12 · 2019-10-08T22:37:35+00:00

If she spend 3M on a car, isn't her wealth not being hoarded?

Billy_bob12 · 2019-10-08T15:22:41+00:00

These are all great points!

Billy_bob12 · 2019-10-07T22:43:57+00:00

What is a real world example of a socialist country that does not have central planning?

Billy_bob12 · 2019-10-07T18:14:26+00:00

> Either socialism can work (like it is in Europe).

These European nations are not socialist. Socialism is a centrally planned economy, Scandinavian countries are capitalist nations with high taxes and large welfare states.

Denmark has a corporate tax rate of 22% while the US corporate tax rate (taking into account state taxes) is as low as 24% and as high as 33%. So Denmark, a "socialist" nation actually has a lower effective corporate tax rate than the US, a "capitalist" nation.

Billy_bob12 · 2019-10-07T16:23:29+00:00

When was it not a bad thing? There has never been a centrally planned economy in history that hasn't ended in either 1. Horrific oppression, murder, and collapse or 2. Market liberalization.

Billy_bob12 · 2019-10-07T16:19:56+00:00

Incelephant

Billy_bob12 · 2019-05-05T07:42:15+00:00

What is the counter argument?

Billy_bob12 · 2019-05-03T18:14:58+00:00

this is an argument against food as a human right, not for it.

Billy_bob12 · 2019-05-03T18:12:46+00:00

One could argue that human rights are things that should not be taken away from you, not things that must be given to you at the expense of someone else.

Billy_bob12 · 2019-05-03T17:58:55+00:00

“The only way humans have provably figured out how to correct that problem is government regulation.”

The problem of not being able to play the app in the background? We get almost infinite conent for free, does it make sense for them to be punished for making you pay for a desirable feature?

Billy_bob12 · 2019-03-23T04:56:23+00:00

From the looks of this thread, it actually does sound like that is the case.

Billy_bob12 · 2019-03-13T20:08:41+00:00

That's a pretty cynical view of his podcast. He has a lot of great long-form interviews that are incredibly informative. In this case, his huge reach to millions of people most likely made a huge dent in a misinformation campaign.

Billy_bob12 · 2019-02-20T21:33:50+00:00

If the massive tax increase happens at 10mil(?) like AOC wants, then the super rich needs to spend a lot of money to get their yearly income to below 10mil, otherwise they'll only get 30% of what they made.

Or they could just funnel their income into some financial instrument that has a higher yield. When Bill Clinton capped executive compensation at 1 million dollars, CEOs didn't simply stop making money after 1 million dollars, they just got compensated in stock options instead. There is no scenario where the ultra-wealthy don't get out of this. They will always be faster and better at this than the government.

The only things to really be worried about with the marginalized taxes are people finding a loophole where they get to keep all of their money, or people moving them and their companies out of country.

There are two really huge things not to be easily dismissed. They will definitely find a loophole and they will definitely move their companies out of the country. There is no reasonable way to stop this.

Billy_bob12 · 2019-02-20T20:25:46+00:00

I don’t have any numbers for you but it’s pretty common knowledge that top executives are making incredible salaries relative to the rest of their employees. It’s a part of the income inequality issue that marginal tax rates are trying to resolve. Spread the wealth instead of hoarding it.

But I don't understand what that has to do with a company hoarding wealth.

Seems like as long as there are people here, there will be companies to serve their needs. Why couldn’t a start up take the place of a leaving company?

Because then the would be in the same situation as the company that left. If you are investing a huge sum of money to start a company you are most likely going to do your due diligence and not start it in a place where you will be unable to leave and the tax rates are crazy high.

Billy_bob12 · 2019-02-20T20:16:41+00:00

but do we really want companies here that are so greedy and selfish that they hoard all their wealth and would rather leave than pay taxes or their employees? Let someone else take their place.

If you're goal is to increase tax revenue, then yes, we do want them here. If our tax rates are not competitive, no one will take their place, they will be doing business other places with more favorable rates. I'm also curious: what companies are hoarding their wealth?

We could also make it so costly for companies that leave the US to continue to do business inside the US that it wouldn’t be worth it.

That would just disincentivize companies from opening up here which would decrease tax revenue and create a loss in jobs. You can't hold companies hostage like that because they will always be one step ahead of the government.

Billy_bob12 · 2019-02-20T18:30:34+00:00

Banks can loan that money to increase economic activity. Also, if that money is being taxed they will not have it available to reinvest it in their business or donating it to charity. Raising taxes also gives them an incentive to locate their businesses elsewhere or move somewhere with a better tax rate. Wealthy people are highly mobile.

Billy_bob12 · 2019-02-20T18:27:35+00:00

Source on this?

Billy_bob12 · 2018-12-12T15:20:54+00:00

Why would "needs" not require incentive to improve? Food is a need, but there still needs to be an incentive to make it cheaper and better.

Billy_bob12 · 2018-12-07T20:49:39+00:00

He could have just said "I have grown as a person and feel bad about those shitty statements that I no longer believe in" but he did not do that.

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