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> and unwilling to sacrifice a modicum for others I agree with your sentiment but I have to disagree with that phrase. The vast majority* of people of people p

> and unwilling to sacrifice a modicum for others I agree with your sentiment but I have to disagree with that phrase. The vast majority* of people of people pay quite a lot of money in taxes, which ostensibly** only exist to help others. (*) I know the billionaires have their wealth as unrealized gains; I chose my words carefully (**) I know we all disagree on how that revenue should be spent, but the purpose of taxation is all the same

oneoff786 5y ago
People pay taxes to avoid going to jail. Your tax return has an option to pay more for no reason. Guess how many people choose that option.
- tor11 5y ago
ohgodplsno 5y ago
> I know the billionaires have their wealth as unrealized gains; I chose my words carefully That they use as collateral to get loans from banks that actually have that money. "Billionaires don't actually have that money" is peak bootlicker logic.
- frutiger 5y ago
  That’s why I said “vast majority of people”.
- landemva 5y ago
  No, the banks don't actually have the money. Banks are regulated and licensed to print money based on undercollateralized loans. A house mortgage with 20% down is designed to be undercollateralized. When the regulators and debt rating agencies don't do their jobs, it is easily apparent those loans were not fully collateralized. Therefore, the loans created money out of thin air. The banks are licensed to print money.
  - ohgodplsno 5y ago
    Big bootlicker energy here. It doesn't matter if what your bank gives you isn't paper money. That's not the point. The point is, you go to the bank, you can buy absolutely anything you want with your loaned money, even if it's just a line in a database called fake_money_literally_just_printed.
imtringued 5y ago
>(*) I know we all disagree on how that revenue should be spent, but the purpose of taxation is all the same The purpose of income tax is to avoid taxing land. You're basically paying taxes twice. Once to the government and again to the owner of the land who is making a profit off the services your government has provided via income taxes. Also, almost all welfare systems are designed to make poverty sustainable, which is why simply getting rid of them solves nothing, they are just a symptom of an unequal society that wants to keep it that way. Getting people back to work is a more effective way to reduce welfare than cutting welfare spending. E.g. farmers get paid by welfare recipients, cutting welfare may end up costing farmers a job that is absolutely necessary to society so farm subsidies are increased to maintain food security. If people get a job they still need to eat, so getting rid of the farmer and all the other people that are getting paid via the welfare recipient is nonsense.
- deleted 5y ago
  [deleted]

oneoff786 5y ago

People pay taxes to avoid going to jail. Your tax return has an option to pay more for no reason. Guess how many people choose that option.

tor11 5y ago

ohgodplsno 5y ago

> I know the billionaires have their wealth as unrealized gains; I chose my words carefully That they use as collateral to get loans from banks that actually have that money. "Billionaires don't actually have that money" is peak bootlicker logic.

frutiger 5y ago
That’s why I said “vast majority of people”.
landemva 5y ago
No, the banks don't actually have the money. Banks are regulated and licensed to print money based on undercollateralized loans. A house mortgage with 20% down is designed to be undercollateralized. When the regulators and debt rating agencies don't do their jobs, it is easily apparent those loans were not fully collateralized. Therefore, the loans created money out of thin air. The banks are licensed to print money.
- ohgodplsno 5y ago
  Big bootlicker energy here. It doesn't matter if what your bank gives you isn't paper money. That's not the point. The point is, you go to the bank, you can buy absolutely anything you want with your loaned money, even if it's just a line in a database called fake_money_literally_just_printed.

imtringued 5y ago

>(*) I know we all disagree on how that revenue should be spent, but the purpose of taxation is all the same The purpose of income tax is to avoid taxing land. You're basically paying taxes twice. Once to the government and again to the owner of the land who is making a profit off the services your government has provided via income taxes. Also, almost all welfare systems are designed to make poverty sustainable, which is why simply getting rid of them solves nothing, they are just a symptom of an unequal society that wants to keep it that way. Getting people back to work is a more effective way to reduce welfare than cutting welfare spending. E.g. farmers get paid by welfare recipients, cutting welfare may end up costing farmers a job that is absolutely necessary to society so farm subsidies are increased to maintain food security. If people get a job they still need to eat, so getting rid of the farmer and all the other people that are getting paid via the welfare recipient is nonsense.

deleted 5y ago
[deleted]