4 ms·

what are you talking about????????? 100 million is a fortune, and only people in the SF bubble could even consider that a drop that is pissed into the wind. I w

by calgoo 4mo ago

what are you talking about????????? 100 million is a fortune, and only people in the SF bubble could even consider that a drop that is pissed into the wind. I would say that you need to take a serious step back and actually contemplate life around you. 100 million is a fortune, and no one actually NEED that much money, if they do, then they have lost touch with reality.

hparadiz 4mo ago
In California that's only 100 homes. That's what's normal for us. Increased market efficiency should actually be lowering taxes, not increasing them just to make you feel good about yourself.
- ceejayoz 4mo ago
  It's normal for someone to want 100 homes?
  - hparadiz 4mo ago
    Elon spent less than that to fund SpaceX and Tesla which are now bringing in money from abroad and therefore paying a lot more in taxes than whatever you would have collected from that 100 million. Now you can be a commie and seize more or of it to fund your healthcare or whatever but that person that is capable of earning 100 million will simply exit your tax jurisdiction and then you'll be poor. See Europe for the example.
    - ceejayoz 4mo ago
      > Elon spent less than that to fund SpaceX and Tesla... So 100 million is enough to do quite a bit with? > that person that is capable of earning 100 million will simply exit your tax jurisdiction There are plenty of lower tax jurisdictions than Silicon Valley. Is it possible there's more to a jurisdiction than the raw marginal tax percentage it applies to one's paycheck?
      - hparadiz 4mo ago
        It's not enough to build a data center these days. Or even run the government for a day these days it seems. Or are you saying salaries need to come down?
        ceejayoz 4mo ago
        The amount it costs to build a datacenter or run the government for a day is an unimaginable level of personal wealth to virtually every person on the planet.
        hparadiz 4mo ago
        My own wealth now would be unimaginable to myself when I lived in the USSR. Maybe don't look at the bottom for what should be. There's never any imagination there. I know better than most.
        ceejayoz 4mo ago
        > Maybe don't look at the bottom for what should be. The people at the top should look at the bottom for what should not be. > My own wealth now would be unimaginable to myself when I lived in the USSR. Good! But apparently $100M isn't enough?
        hparadiz 4mo ago
        Enough is not for you to define. Or anyone. Please internalize that. It's part of something called freedom.
        ceejayoz 4mo ago
        > Enough is not for you to define. Or anyone. You might look at history for how the "let them eat cake" approach goes. > It's part of something called freedom. Freedom is more complicated than you make it out to be. https://en.wikipedia.org/wiki/Positive_liberty https://en.wikipedia.org/wiki/Positive_liberty https://en.wikipedia.org/wiki/Negative_liberty https://en.wikipedia.org/wiki/Negative_liberty One of the early things toddlers have to learn, in fact, is that their personal freedoms may be in conflict from the very legitimate freedoms of others.
    - dh2022 4mo ago
      Yeah, sure, Elon will leave US if he is taxed. Where will he go? EU - even higher taxes. Russia? China? Elon cannot even cross the street in those countries without Putin’s/Xi Ping’s approval. He already moved to Texas because of taxes - I think this is as good as it gets for him. If US Federal Government taxes his wealth (not something remotely possible) he will still stay in Texas.
      - hparadiz 4mo ago
        You misunderstand. He never would have done it here in the first place. And we would all be poorer for it. Whether he would have been successful elsewhere or not is entirely irrelevant. He could have retired like any one of us normies would have.
        ceejayoz 4mo ago
        Why did he pick one of the highest tax jurisdictions in the country to do it "in the first place", then?
        hparadiz 4mo ago
        Taxes in California are quite low. That's why I moved here and purchased property.
        ceejayoz 4mo ago
        https://taxfoundation.org/data/all/state/state-income-tax-rates/ https://taxfoundation.org/data/all/state/state-income-tax-ra... > Top marginal rates span from 2.5 percent in Arizona and North Dakota to 13.3 percent in California. (California also imposes a 1.1 percent payroll tax on wage income, bringing the all-in top rate to 14.4 percent as of 2024.) Am I missing something?
        hparadiz 4mo ago
        > Am I missing something? Yes. Literally an entire lifetime of context.
- bjustin 4mo ago
  Market efficiency as most people in the US mean requires the presence of things like roads in decent condition and regulation of RF spectrum use. Both of those are funded via taxes. Reasonable tax rates and uses of tax revenue are required for most non-trivial-sized markets to function efficiently.

by calgoo 4mo ago

hparadiz 4mo ago

In California that's only 100 homes. That's what's normal for us. Increased market efficiency should actually be lowering taxes, not increasing them just to make you feel good about yourself.

ceejayoz 4mo ago
It's normal for someone to want 100 homes?
- hparadiz 4mo ago
  Elon spent less than that to fund SpaceX and Tesla which are now bringing in money from abroad and therefore paying a lot more in taxes than whatever you would have collected from that 100 million. Now you can be a commie and seize more or of it to fund your healthcare or whatever but that person that is capable of earning 100 million will simply exit your tax jurisdiction and then you'll be poor. See Europe for the example.
  - ceejayoz 4mo ago
    > Elon spent less than that to fund SpaceX and Tesla... So 100 million is enough to do quite a bit with? > that person that is capable of earning 100 million will simply exit your tax jurisdiction There are plenty of lower tax jurisdictions than Silicon Valley. Is it possible there's more to a jurisdiction than the raw marginal tax percentage it applies to one's paycheck?
    - hparadiz 4mo ago
      It's not enough to build a data center these days. Or even run the government for a day these days it seems. Or are you saying salaries need to come down?
      - ceejayoz 4mo ago
        The amount it costs to build a datacenter or run the government for a day is an unimaginable level of personal wealth to virtually every person on the planet.
        hparadiz 4mo ago
        My own wealth now would be unimaginable to myself when I lived in the USSR. Maybe don't look at the bottom for what should be. There's never any imagination there. I know better than most.
        ceejayoz 4mo ago
        > Maybe don't look at the bottom for what should be. The people at the top should look at the bottom for what should not be. > My own wealth now would be unimaginable to myself when I lived in the USSR. Good! But apparently $100M isn't enough?
        hparadiz 4mo ago
        Enough is not for you to define. Or anyone. Please internalize that. It's part of something called freedom.
        ceejayoz 4mo ago
        > Enough is not for you to define. Or anyone. You might look at history for how the "let them eat cake" approach goes. > It's part of something called freedom. Freedom is more complicated than you make it out to be. https://en.wikipedia.org/wiki/Positive_liberty https://en.wikipedia.org/wiki/Positive_liberty https://en.wikipedia.org/wiki/Negative_liberty https://en.wikipedia.org/wiki/Negative_liberty One of the early things toddlers have to learn, in fact, is that their personal freedoms may be in conflict from the very legitimate freedoms of others.
  - dh2022 4mo ago
    Yeah, sure, Elon will leave US if he is taxed. Where will he go? EU - even higher taxes. Russia? China? Elon cannot even cross the street in those countries without Putin’s/Xi Ping’s approval. He already moved to Texas because of taxes - I think this is as good as it gets for him. If US Federal Government taxes his wealth (not something remotely possible) he will still stay in Texas.
    - hparadiz 4mo ago
      You misunderstand. He never would have done it here in the first place. And we would all be poorer for it. Whether he would have been successful elsewhere or not is entirely irrelevant. He could have retired like any one of us normies would have.
      - ceejayoz 4mo ago
        Why did he pick one of the highest tax jurisdictions in the country to do it "in the first place", then?
        hparadiz 4mo ago
        Taxes in California are quite low. That's why I moved here and purchased property.
        ceejayoz 4mo ago
        https://taxfoundation.org/data/all/state/state-income-tax-rates/ https://taxfoundation.org/data/all/state/state-income-tax-ra... > Top marginal rates span from 2.5 percent in Arizona and North Dakota to 13.3 percent in California. (California also imposes a 1.1 percent payroll tax on wage income, bringing the all-in top rate to 14.4 percent as of 2024.) Am I missing something?
        hparadiz 4mo ago
        > Am I missing something? Yes. Literally an entire lifetime of context.
bjustin 4mo ago
Market efficiency as most people in the US mean requires the presence of things like roads in decent condition and regulation of RF spectrum use. Both of those are funded via taxes. Reasonable tax rates and uses of tax revenue are required for most non-trivial-sized markets to function efficiently.