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These people use economies of scale AND also have a legal and physical protection against other people stealing their riches. In the old days, the rich would h
by randomopining 5y ago
These people use economies of scale AND also have a legal and physical protection against other people stealing their riches.
In the old days, the rich would have to hire their own small defense/army just to protect their riches from being stolen. And we're not even talking about the public road/education/health/communications system that allows their products to be made and delivered to customers that pay the money that becomes their profits.
From the above you can see that the these people want to "ride free" off the backs of people that pay their share back into the system.
It should be treason.
- temporallobe 5y agoNot sure I agree with the notion of this being treason, but it’s a pretty serious crime, considering that most wage-based workers (W-2, 1099 in the US) are absolutely lambasted with taxes (especially in certain states), and there is pretty much no way around it aside from hiring an accountant to come up with legal ways to help you reduce your tax liability. But for the most part, you’ll still have to pay a pretty ridiculous rate, especially as you earn higher levels of income (when things like AMT kick in). It burns me that I, a wage-based employee, am bearing a completely unfair proportion of the burden of the infrastructure costs of my country. My effective tax rate can be around 40%, yet the “rich” (whatever that actually means) can, in many cases, avoid taxes altogether by hiding assets and obfuscating their true net worth. So yeah, maybe it should be treason.