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What greater good do you speak of? Regardless of how repugnant you find Theil, his investments have led to thousands of great paying jobs directly, and probably
by mankash666 9y ago
What greater good do you speak of? Regardless of how repugnant you find Theil, his investments have led to thousands of great paying jobs directly, and probably tens of thousands of indirect jobs. That my friend, is a great service to society.
What you are suggesting is an ultra high tax rate on the wealthy and that's proven over and over to not work out. Italy, France and Spain for instance, have a pivoted to a socialistic society that punishingly taxes the rich to the point of driving the ambitious and successful out of the country. While these countries produced some of the most iconic companies and individuals in the early 1900s, it's no coincidence that a Google, Microsoft, etc hasn't emerged from there.
The world's richest man (adjusted for inflation), Bill Gates has donated over $18B in philanthropy. His management of money that can potentially help the needy has been far superior to any elected political figure or government organisation. Don't enable politicians with power over (your) tax money, their only aim is to get reelected - not to serve society. Enables another Bill Gates it Zuckerberg, who've both pledged 99% of their wealth to charity. Heck, enable a Peter Theil to fund the next Facebook and create billions in wealth, jobs and taxes.
- the_cat_kittles 9y agomate... look at the tax rates in america over the last 100 years. also, you still arent engaging with my argument, you are having a trite conversation with yourself about “socialism vs capitalism”. id also encourage you to stop thinking of “jobs” as universally good, and think about what the jobs actually do
- mankash666 9y agoI think we've both made our cases. You believe increased taxation of the rich to be a social good. I don't believe taking more money as a percentage of income from the wealthy is fair. Also do not believe it actually helps the needy - it only empowers politicians who ultimately have dominion over how they get to spend said tax money.