Anyone advocating for more taxes has been watching too much MSNBC. It's not about feeling sympathy for people who have billions, it's about people thinking the government is their daddy.
Do you think billionaires are swimming around in a pool of gold coins or pallets of $100s? Nearly all of the wealth that people are complaining about is on paper. Jeff Bezos owns a bunch of Amazon shares. If you raise the capital gains tax, he'll just never sell those shares. If the capital gains tax was lowered however, he might sell those shares and invest that money in some other endeavor which could create millions of new jobs. I'm betting the guy who created Amazon is a lot smarter than anyone in the government.
Nearly all the wealth in the world is invested in companies and profits are reinvested in other companies to create more and more jobs. Taxes stifle growth. All taxes are a deterrent to economic activity.
The Government is not your baby daddy and the more money the government takes, the less economic activity, jobs etc.
Anyone advocating too little taxes on extreme wealth is a puppet for extremely wealthy people.
I mean seriously. Look at the common good. Be a patriot. Care for your fellow countrymen.
Also this trickle down shit has been debunked for ages.
Anyone advocating taxes on extreme wealth is a delusionally foolish naïf.
That quasi-Commie rhetoric about “the common good” is sucker-bait for commoners to embrace a system which taxes
them. Not the extremely wealthy—who have armies of lawyers and accountants, plus political connections. The capitalist system is fundamentally corrupt, it is stacked in favour of the extremely wealthy, and raising taxes will
not change that!
Why do you suppose that, for example, Warren Buffet advocates for the death tax—whilst he simultaneously assures Berkshire Hathaway shareholders that upon his death, less than 1% of his estate will be liquidated to pay taxes? Oh, yes: The death tax is a weapon of mass destruction against small, family-owned businesses, and also against independent family farms. It is a device to keep BigCorps at the top, and to prevent wealth from accumulating at the bottom and middle.
The same principles work with income tax, capital gains tax, etc. That was only the first example that came to mind. More apropos here, income and capital gains taxes can be used to control the little Bitcoiners whilst investment bankers and Wall Street hedge fund managers have nothing to worry about.
Hit-and-run. Hi. Bye.