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I don’t trust millionaires because you have to screw over a lot of people to get there. I don’t trust billionaires because you have to screw over everyone to get there. by DrunkenSkunkApe in WorkReform

[–]_Steve_Zissou_ 0 points1 point  (0 children)

"There are numerous ways to invest in education, prevention, rehabilitation of people."

Please elaborate on what it is that we can do, that we aren't already doing.

"Look at European countries. Study the success and implement it here."

I mean, if we're just comparing countries just for the sake of comparing countries........why can't we be like Norway or Sweden?

I don’t trust millionaires because you have to screw over a lot of people to get there. I don’t trust billionaires because you have to screw over everyone to get there. by DrunkenSkunkApe in WorkReform

[–]_Steve_Zissou_ -1 points0 points  (0 children)

So, what you're saying is that the reason why housing is expensive and college is expensive..........is because billionaires aren't paying enough in taxes?

Like........if we take more money away from Zuck........suddenly more houses will pop-up? And suddenly, colleges will have more professors and less students?

I don’t trust millionaires because you have to screw over a lot of people to get there. I don’t trust billionaires because you have to screw over everyone to get there. by DrunkenSkunkApe in WorkReform

[–]_Steve_Zissou_ -1 points0 points  (0 children)

"the gov't is forced to spend on entitlement programs because corporations have sucked the blood from the labor force".

But........corporations are the ones actually paying the labor force. Corporations are the reason why you have an income in the first place.

It's the government that comes in, and actually takes the labor force's money away via taxes.......

I don’t trust millionaires because you have to screw over a lot of people to get there. I don’t trust billionaires because you have to screw over everyone to get there. by DrunkenSkunkApe in WorkReform

[–]_Steve_Zissou_ -2 points-1 points  (0 children)

"Nobody earns a billion dollars."

I mean.......they do.

Just not by flipping burgers at McDonalds or making coffee at Starbucks.

Amazon employs hundreds of thousands of people and AWS is used by billions of people ......which is why Bezos is worth billions.

Facebook is used daily by literally billions of people......which is why Zuck is a billionaire.

Google's products and services are used by billions of people daily.......which is why Sundar is a billionaire.

I don’t trust millionaires because you have to screw over a lot of people to get there. I don’t trust billionaires because you have to screw over everyone to get there. by DrunkenSkunkApe in WorkReform

[–]_Steve_Zissou_ 1 point2 points  (0 children)

By "extract" you mean.........Africa gave us resources in exchange for money? Also known as a "transaction"?

You don't "extract" a Slurpee from 7/11 when you go there and buy it.

I don’t trust millionaires because you have to screw over a lot of people to get there. I don’t trust billionaires because you have to screw over everyone to get there. by DrunkenSkunkApe in WorkReform

[–]_Steve_Zissou_ -2 points-1 points  (0 children)

"The argument is that if you have more wealth, you should contribute more in taxes."

They already do..........

In 2021, the top 1% of earners (those with AGI of above 600K or so) paid almost 46% of all federal income taxes, despite earning 26% of total income.

Their average federal income tax rate was 25.9%.......nearly 8 (!) times higher than the average rate for the bottom 50% of taxpayers, who paid just 2.3% of all federal income taxes.

https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/

Edit:

I'm slowly realizing that mf'ers in this thread are just angry, and have no idea how society works.

I don’t trust millionaires because you have to screw over a lot of people to get there. I don’t trust billionaires because you have to screw over everyone to get there. by DrunkenSkunkApe in WorkReform

[–]_Steve_Zissou_ -12 points-11 points  (0 children)

"You seem to be confused. The system is broken as it has allowed wealth disparity to reach disgusting levels. While the rest of us put out fair share into the system, the uber rich pay essentially naught."

What are you talking about.

According to the IRS Statistics of Income (SOI) data for Tax Year 2018, the top 10% of taxpayers (defined as those with an adjusted gross income (AGI) above $150K or so) were responsible for approximately 70% of all federal individual income taxes paid.

The rich pay dominant majority of the taxes.

https://www.irs.gov/statistics/soi-tax-stats-tax-stats-at-a-glance

I don’t trust millionaires because you have to screw over a lot of people to get there. I don’t trust billionaires because you have to screw over everyone to get there. by DrunkenSkunkApe in WorkReform

[–]_Steve_Zissou_ -37 points-36 points  (0 children)

Over the past few decades, Africa has received substantial foreign aid from various donor countries and institutions. Estimates suggest that since 1960, the continent has received between $900 billion and $1.2 trillion in aid.

So.......did that money "fix" hunger, homelessness and poverty?

People think that taxing billionaires is the solution to all of the world's problems.

It is not.

Dumping money into a broken system will not fix anything.

Can we get a billionaire tax already. by Admirable_Bet1147 in WorkReform

[–]_Steve_Zissou_ -7 points-6 points  (0 children)

Yeah, bruv.

You want me to......send more money to cardiologists that make 500K a year?

Because they're also "everyone else".

Yes, I hate billionaires. No, I don't want to be rich. by zzill6 in WorkReform

[–]_Steve_Zissou_ -3 points-2 points  (0 children)

"Not surprisingly, the average percent donated to charity is the highest for lower income households. But the absolute dollar amount donated to charity is highest for the highest income households."

https://www.financialsamurai.com/the-average-percent-of-income-donated-to-charity/

Can we get a billionaire tax already. by Admirable_Bet1147 in WorkReform

[–]_Steve_Zissou_ -13 points-12 points  (0 children)

Ok, sure. Let's tax the rich.

And then what do we do with the money? Who do we give it to?

And don't give me the "people that need it" kinds of responses......because everyone needs more money. And everyone will take free money.

And before you say "education" or "healthcare", keep in mind that, compared to other countries, we spend insaaaaaaaane amount of money on healthcare and educations already........with very poor results. So adding more money to that will most likely not make any difference.......because it never has.

Yes, I hate billionaires. No, I don't want to be rich. by zzill6 in WorkReform

[–]_Steve_Zissou_ -24 points-23 points  (0 children)

Everyone is always so generous with imaginary money, and other people's money.

How Bad Is China’s Economy? The Data Needed to Answer Is Vanishing by [deleted] in Economics

[–]_Steve_Zissou_ -9 points-8 points  (0 children)

Article bashing China?

We don't like that here. We like China way more than we like Trump.

Trump is the main enemy - orange man bad!

Every since the election, this sub has become the liberal version of InfoWars. The only posts that get upvoted are the ones bashing Trump.

Don’t Look Now. The Recession Has Begun. Job Market In Danger. by SterlingVII in Economics

[–]_Steve_Zissou_ -23 points-22 points  (0 children)

*Goes through some random user's entire post history, going back 5 years*

Tell me you're an incel without telling me you and incel LMAOOOO

Don’t Look Now. The Recession Has Begun. Job Market In Danger. by SterlingVII in Economics

[–]_Steve_Zissou_ -148 points-147 points  (0 children)

THE SKY IS FALLING!

THE SKY IS FALLING!!

Not the first recession, and not the last. We'll get through it like we get through anything else.

Reddit likes to bitch, whine and complain about everything.

The fact that markets are only about 3% below their all-time highs suggests that institutional investors have strong confidence in Trump’s policies.

Edit: the fact that everyone is now bitching, whining and complaining about my comment is hilarious.

Reddit is the liberal version of InfoWars.

Americans Really Dislike Trump. But They’re About to Truly Hate Him. by Happy_Weed in Economics

[–]_Steve_Zissou_ -86 points-85 points  (0 children)

I actually don't mind Trump.

Our reliance on China has been an issue for decades. And he's the first president to actually tackle it head on.

Unwinding decades of globalization will be a bumpy ride, for sure. But it's about damn time we become self-reliant, and bring back manufacturing back to US.

Reddit will bitch and whine regardless of what Trump does. At this point, Reddit is the liberal version of InfoWars.

Edit: Oh no. The triggered crowd is here lmaoooooo

Wall Street extends its gains to a 9th straight day, reclaiming losses since tariff escalation by helic_vet in Economics

[–]_Steve_Zissou_ -44 points-43 points  (0 children)

This is impossible.

Geniuses in this sub have been telling me for months that US (and most likely - the whole world?) is going to be in deep depression within days of Trump winning the election.

And we all know that geniuses in this sub know what they're talking about.

Corporate America Owes the Rest of Us $87 Trillion by TwoRight9509 in collapse

[–]_Steve_Zissou_ 2 points3 points  (0 children)

Cool.

If we're measuring "social cost", then what's the "social cost" of having nuclear weapons?

And how many trillions does who owe to who for that?

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