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So Bill Gates spends annually 100% of his income in reinvestments? None of it's just sitting in the stock market? But helping small businesses and entrepreneurs

So Bill Gates spends annually 100% of his income in reinvestments? None of it's just sitting in the stock market? But helping small businesses and entrepreneurs? (Don't get me wrong I admire Bill Gates), but a LOT of money IS just sitting in accounts collecting interest and doing nobody a lot of good. Till they die then it goes to their spoiled brat children who hardly deserve it - I mean they didn't do the work to get it, why should they get it? How about an estate tax of 100% over 10 million, 0 under 10 mill. That's plenty of money for anybody, and puts the money back in play. Honestly, if i were filthy rich, my kids wouldn't get a ton of that money. I want my posterity to be self-enablers, not born with golden spoons like Trump and others. Though, I think the best way to pay for this is MANY different ways: Companies already pay healthcare --make them keep paying that just as a tax to the pool for everyone's care. Create a VAT tax that's something like 5%, 10% for non-residents. (Bonus this makes it so illegal/legal visitors from other countries actually pay more in taxes (at least VAT) than we do so people shut up about "those lazy immigrants don't contribute nothin'" -- now they do, so shut up about it. Next we need to do whatever we can to get our bottom tier of American's to rise higher. The higher they rise the more they spend locally, the more VAT they pay, the more income tax they pay. GBI could help, or just free education, or re-trainment programs for lost jobs or those in shitty jobs who want to move up to something better. America's also desperately facing infrastructure issues all over the place from falling bridges to natural disasters destroying things. We need a guaranteed jobs bill where anyone who wants work gets to work. We also can legalize and tax Marijuana and natural psychedelics and decriminalize. This puts more people to work -can't work in jail, and increases tax flows. A tax on speculation could also help as well. What about a foreign tax on property. All property owned by non U.S. citizens has a 10%/year tax -- make China pay for our healthcare! A small 1% tax on all NYSE/Nasdaq trades. Again lots of foreign money circulates through there so some of that tax will come from foreign investors. Find other ways to save money. Maybe cut the military budget 50%. Cut foreign aid. Close down some air bases and get rid of a lot of our out-of-america buildings/offices/etc. Let's stop being 'police of the world' and focus more on homeland security and our own borders. Most people on the left are trying hard to make the rich pay for all this, when a lot of the middle class and lower class would be happy to chip in. Sure we all can't afford a million/year but 1k per 20k of income in medical tax from every working American should be do-able. If the average family makes $50k that's 1 trillion/year. If an employer is required to pay $5k/year/employee we now have 2 trillion/year allotted for M4All. There's definitely wiggle room. Or they could just do 500/20k income w/ no caps... that would make someone earning 2 billion/year paying 10 million/year -- a drop in a bucket for them, and a win for everyone.

hackeraccount 7y ago
What exactly is "sitting in the stock market"? If I pay for a stock I get a piece of a company - what happens to the money? Forget about stocks. How about if I just put money in a savings account? What happens to that money? I'd suggest that even if Bill Gates is shoving money under his mattress it still might be doing work. What if there's a set amount of money Bill wants to have in case things go poorly. He shoves that amount under the mattress. Is the money under the mattress doing anything? Technically, no but in another sense what it's doing is allowing Bill to invest in what ever other riskier things he's like to do. If you say well, we should take the money under Bill's mattress he's not using it, it may well be that Bill will just remove money from investments to replenish that money.
- gremlinsinc 7y ago
  >> Is the money under the mattress doing anything? Technically, no but in another sense what it's doing is allowing Bill to invest in what ever other riskier things he's like to do. If you say well, we should take the money under Bill's mattress he's not using it, it may well be that Bill will just remove money from investments to replenish that money. Let me put this another way... Say you own 5 houses. You don't much need any extra income, so you don't waste time Airbnb'ing them or anything. When you're not using them, they basically just sit unoccupied. These are maybe 5-10 bedroom houses. 1-2 families could live in these, but no -- someone somewhere is homeless while you have abundance that you don't actually need. I mean could you not afford to rend a studio or small apartment if you needed to visit NY or Florida, or Seattle? The point is that people have more money than they know what to do w/ and also that generational wealth is also a huge issue. Not saying we take everything but we need trickle down economics failed miserably.

hackeraccount 7y ago

What exactly is "sitting in the stock market"? If I pay for a stock I get a piece of a company - what happens to the money? Forget about stocks. How about if I just put money in a savings account? What happens to that money? I'd suggest that even if Bill Gates is shoving money under his mattress it still might be doing work. What if there's a set amount of money Bill wants to have in case things go poorly. He shoves that amount under the mattress. Is the money under the mattress doing anything? Technically, no but in another sense what it's doing is allowing Bill to invest in what ever other riskier things he's like to do. If you say well, we should take the money under Bill's mattress he's not using it, it may well be that Bill will just remove money from investments to replenish that money.

gremlinsinc 7y ago
>> Is the money under the mattress doing anything? Technically, no but in another sense what it's doing is allowing Bill to invest in what ever other riskier things he's like to do. If you say well, we should take the money under Bill's mattress he's not using it, it may well be that Bill will just remove money from investments to replenish that money. Let me put this another way... Say you own 5 houses. You don't much need any extra income, so you don't waste time Airbnb'ing them or anything. When you're not using them, they basically just sit unoccupied. These are maybe 5-10 bedroom houses. 1-2 families could live in these, but no -- someone somewhere is homeless while you have abundance that you don't actually need. I mean could you not afford to rend a studio or small apartment if you needed to visit NY or Florida, or Seattle? The point is that people have more money than they know what to do w/ and also that generational wealth is also a huge issue. Not saying we take everything but we need trickle down economics failed miserably.