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Did you even read TFA? The 400M came from planned stock sales. How are you gonna distribute that money if not by taking his ownership? And your suggestion that

by rank0 3y ago

Did you even read TFA? The 400M came from planned stock sales. How are you gonna distribute that money if not by taking his ownership? And your suggestion that anything remotely similar happened to the Reagan era corporations is plainly false.

PaulDavisThe1st 3y ago
Stock compensation is compensation. It can be distributed the same way as any other compensation: either handed out differently to other employees or taxed. At 90%. > And your suggestion that anything remotely similar happened to the Reagan era corporations is plainly false. This is getting tiresome. Highest marginal tax rate in the pre-reagan era was around 90%. People started companies. People got rich. Not Elon rich, or Bezos rich, but rich. The 90% tax rate didn't prevent them from being rich, it limited how rich they became relative to their income/compensation.
- rank0 3y ago
  He already paid taxes on the compensation! He sold stock that had previously vested and taxes are calculated at the time of vestment. What's so special about the Moderna employees? They already make much more than the median American income. You're redistributing wealth from the ultra rich to the rich. Even if the USGOV took 100% of that $400M, that'd be a whopping dollar per American. History is littered with failed "utopian" communist/socialist states. The ultra rich will always be able to avoid taxes legally or illegally. They're not gonna report income that gets taxed at 90%. The math doesn't work out. If we magically take 400M additional taxes from 1000 individuals annually that wouldn't even cover our federal debt obligations. EDIT: It's telling that you need to resort to quips about goal posts. I suggest you take a moment to read about history and macroeconomics...your brain must be tired from all these mental gymnastics.
  - PaulDavisThe1st 3y ago
    I recommend a good physical therapist. With all that dragging the goal posts around, your shoulders will probably need some work.

by rank0 3y ago

PaulDavisThe1st 3y ago

Stock compensation is compensation. It can be distributed the same way as any other compensation: either handed out differently to other employees or taxed. At 90%. > And your suggestion that anything remotely similar happened to the Reagan era corporations is plainly false. This is getting tiresome. Highest marginal tax rate in the pre-reagan era was around 90%. People started companies. People got rich. Not Elon rich, or Bezos rich, but rich. The 90% tax rate didn't prevent them from being rich, it limited how rich they became relative to their income/compensation.

rank0 3y ago
He already paid taxes on the compensation! He sold stock that had previously vested and taxes are calculated at the time of vestment. What's so special about the Moderna employees? They already make much more than the median American income. You're redistributing wealth from the ultra rich to the rich. Even if the USGOV took 100% of that $400M, that'd be a whopping dollar per American. History is littered with failed "utopian" communist/socialist states. The ultra rich will always be able to avoid taxes legally or illegally. They're not gonna report income that gets taxed at 90%. The math doesn't work out. If we magically take 400M additional taxes from 1000 individuals annually that wouldn't even cover our federal debt obligations. EDIT: It's telling that you need to resort to quips about goal posts. I suggest you take a moment to read about history and macroeconomics...your brain must be tired from all these mental gymnastics.
- PaulDavisThe1st 3y ago
  I recommend a good physical therapist. With all that dragging the goal posts around, your shoulders will probably need some work.