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It's probably pointless to discuss this with someone who insists on generalizing anyone above a certain net worth as being selfish, but - As it turns out, it's

It's probably pointless to discuss this with someone who insists on generalizing anyone above a certain net worth as being selfish, but - As it turns out, it's no longer the 80s, and there are increasingly multiple other countries were the super-rich can move their activities, wealth and lifestyle to without missing a beat. Hanging around financial circles, I've seen a large exodus of people through the pandemic star the process of moving pieces towards places like Dubai and Singapore.

ren_engineer 5y ago
the point is that generally there is some expectation of loyalty to the country that allowed you to become super-rich in the first place. In finance specifically many of these people participated in outsourcing a huge chunk of the American economy for short term profit and their own gain and are now abandoning ship abandoning your country for lower taxes so you can "live your lifestyle without missing a beat" is disgusting to most humans. The wealthy have abandoned any sense of duty to their fellow citizens and are somehow shocked people are angry about the situation
- cpursley 5y ago
  The wealthy in America cover the bulk of the tax revenue collected if the IRS stats are to be trusted.
  - luffapi 5y ago
    The wealthy pay far less in taxes in proportion to their wealth than everyone else. Long term capital gains is only 10%. The wealthy are only wealthy because the non-wealthy people who vastly outnumber the wealthy, allow them to keep their capital. I think massive wealth inequality is making a significant number of people rethink this generous position.
    - Chris2048 5y ago
      > Long term capital gains is only 10% But it has yet to be taxed as income. Even if it doesn't devalue, you can't use it until you dispose of it, incurring additional tax. > The wealthy are only wealthy because the non-wealthy people who vastly outnumber the wealthy, allow them to keep their capital. The wealthy can afford better weaponry than you. Are you alive only because they allow you to live? > rethink this generous position Do you think you are entitled to something just because you could (forcibly) take it?
  - wpietri 5y ago
    I'd say that's less about the generosity of the wealthy and more about the huge rise in concentration of wealth that we've allowed over the last 50 years: https://www.chartbookofeconomicinequality.com/inequality-by-country/usa/ https://www.chartbookofeconomicinequality.com/inequality-by-...
- Chris2048 5y ago
  > the country that allowed you to become super-rich in the first place But it's never enough. taxes already work on a scale such that the rich pay more (% wise), and they still owe more? Almost every aspect of participating in the economy is taxed, e.g paying business-related taxes - those that participate more therefore pay more of these taxes too. It seems "what is owed" is never clearly stated so you can always be hit up for more.
- nxmnxm99 5y ago
  No, "most humans" aren't going to moralize and want to give back to their country in the form of taxes as a thank you when they strike gold. Being forced to give a large portion of my family's hard earned wealth to a tired, ineffective institution which aims to invest it in initiatives I think will ruin the economy? Why in god's name would I do that if I have the choice not to?
papito 5y ago
These are the same people who fund and profit from outfits that keep telling some of us that maybe we should be more patriotic.

ren_engineer 5y ago

the point is that generally there is some expectation of loyalty to the country that allowed you to become super-rich in the first place. In finance specifically many of these people participated in outsourcing a huge chunk of the American economy for short term profit and their own gain and are now abandoning ship abandoning your country for lower taxes so you can "live your lifestyle without missing a beat" is disgusting to most humans. The wealthy have abandoned any sense of duty to their fellow citizens and are somehow shocked people are angry about the situation

cpursley 5y ago
The wealthy in America cover the bulk of the tax revenue collected if the IRS stats are to be trusted.
- luffapi 5y ago
  The wealthy pay far less in taxes in proportion to their wealth than everyone else. Long term capital gains is only 10%. The wealthy are only wealthy because the non-wealthy people who vastly outnumber the wealthy, allow them to keep their capital. I think massive wealth inequality is making a significant number of people rethink this generous position.
  - Chris2048 5y ago
    > Long term capital gains is only 10% But it has yet to be taxed as income. Even if it doesn't devalue, you can't use it until you dispose of it, incurring additional tax. > The wealthy are only wealthy because the non-wealthy people who vastly outnumber the wealthy, allow them to keep their capital. The wealthy can afford better weaponry than you. Are you alive only because they allow you to live? > rethink this generous position Do you think you are entitled to something just because you could (forcibly) take it?
- wpietri 5y ago
  I'd say that's less about the generosity of the wealthy and more about the huge rise in concentration of wealth that we've allowed over the last 50 years: https://www.chartbookofeconomicinequality.com/inequality-by-country/usa/ https://www.chartbookofeconomicinequality.com/inequality-by-...
Chris2048 5y ago
> the country that allowed you to become super-rich in the first place But it's never enough. taxes already work on a scale such that the rich pay more (% wise), and they still owe more? Almost every aspect of participating in the economy is taxed, e.g paying business-related taxes - those that participate more therefore pay more of these taxes too. It seems "what is owed" is never clearly stated so you can always be hit up for more.
nxmnxm99 5y ago
No, "most humans" aren't going to moralize and want to give back to their country in the form of taxes as a thank you when they strike gold. Being forced to give a large portion of my family's hard earned wealth to a tired, ineffective institution which aims to invest it in initiatives I think will ruin the economy? Why in god's name would I do that if I have the choice not to?

papito 5y ago

These are the same people who fund and profit from outfits that keep telling some of us that maybe we should be more patriotic.