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Your statement isn't true in the US. The wealthiest in this country don't really do any work. In fact, the wealthier you are, the less you actually have to wor

Your statement isn't true in the US. The wealthiest in this country don't really do any work. In fact, the wealthier you are, the less you actually have to work. The people who are working for a wage are the ones who are working to live, and the wealthiest don't have to do that. Often, people who work the hardest make the least. I reject your premise that that people will have a reduced quality of life. These taxes will go to public services and increase the quality of life for the masses instead of for the few.

refurb 7y ago
Creating value requires some combination of labor and capital. Take away any return on capital and that capital goes elsewhere.
- EarthIsHome 7y ago
  > Take away any return on capital and that capital goes elsewhere. Currently, this capital is going to the überwealthy where it remains there and is hoarded there, providing no "value" to society.
  - refurb 7y ago
    Hoarded? Jeff Bezo’s billions are tied up in Amazon. That’s providing no value? No wealthy people are keeping their cash under their mattress. It’s actively invested and providing capital for future growth.
    - EarthIsHome 7y ago
      > Hoarded? Jeff Bezo’s billions are tied up in Amazon. That’s providing no value? Yes, hoarded. You're really bringing up Amazon? You're talking about the same Amazon that paid no federal taxes last year? I paid more taxes than Amazon did. The same Amazon that encourages a work environment where their warehouse employees wear diapers [0]? The same Amazon that forces its employees to work around a dead body [1]? Amazon itself started by exploiting USPS. Amazon is a leach on society. Amazon gets tax breaks to build warehouses where their employees face horrendous working conditions. Tax money that could be used to provide better services not only to their workers, but to the rest of us.. You know, real value. [0]: https://www.theverge.com/2018/4/16/17243026/amazon-warehouse-jobs-worker-conditions-bathroom-breaks https://www.theverge.com/2018/4/16/17243026/amazon-warehouse... [1]: https://www.theguardian.com/technology/2019/oct/17/amazon-warehouse-worker-deaths https://www.theguardian.com/technology/2019/oct/17/amazon-wa...
      - refurb 7y ago
        Please stop spreading misinformation. Amazon paid $1.2B in taxes.[1] The net negative tax number was an estimate that doesn't capture their actual payments. So that means Amazon didn’t spend any money on income taxes in 2018? No. Even though Amazon’s “current provision” number for 2018 was negative for federal taxes, Amazon said it made income-tax payments totaling $1.2 billion during that year, more than from 2011 through 2016 combined. [1]https://www.wsj.com/articles/does-amazon-really-pay-no-taxes-heres-the-complicated-answer-11560504602 https://www.wsj.com/articles/does-amazon-really-pay-no-taxes...

refurb 7y ago

Creating value requires some combination of labor and capital. Take away any return on capital and that capital goes elsewhere.

EarthIsHome 7y ago
> Take away any return on capital and that capital goes elsewhere. Currently, this capital is going to the überwealthy where it remains there and is hoarded there, providing no "value" to society.
- refurb 7y ago
  Hoarded? Jeff Bezo’s billions are tied up in Amazon. That’s providing no value? No wealthy people are keeping their cash under their mattress. It’s actively invested and providing capital for future growth.
  - EarthIsHome 7y ago
    > Hoarded? Jeff Bezo’s billions are tied up in Amazon. That’s providing no value? Yes, hoarded. You're really bringing up Amazon? You're talking about the same Amazon that paid no federal taxes last year? I paid more taxes than Amazon did. The same Amazon that encourages a work environment where their warehouse employees wear diapers [0]? The same Amazon that forces its employees to work around a dead body [1]? Amazon itself started by exploiting USPS. Amazon is a leach on society. Amazon gets tax breaks to build warehouses where their employees face horrendous working conditions. Tax money that could be used to provide better services not only to their workers, but to the rest of us.. You know, real value. [0]: https://www.theverge.com/2018/4/16/17243026/amazon-warehouse-jobs-worker-conditions-bathroom-breaks https://www.theverge.com/2018/4/16/17243026/amazon-warehouse... [1]: https://www.theguardian.com/technology/2019/oct/17/amazon-warehouse-worker-deaths https://www.theguardian.com/technology/2019/oct/17/amazon-wa...
    - refurb 7y ago
      Please stop spreading misinformation. Amazon paid $1.2B in taxes.[1] The net negative tax number was an estimate that doesn't capture their actual payments. So that means Amazon didn’t spend any money on income taxes in 2018? No. Even though Amazon’s “current provision” number for 2018 was negative for federal taxes, Amazon said it made income-tax payments totaling $1.2 billion during that year, more than from 2011 through 2016 combined. [1]https://www.wsj.com/articles/does-amazon-really-pay-no-taxes-heres-the-complicated-answer-11560504602 https://www.wsj.com/articles/does-amazon-really-pay-no-taxes...