4 ms·

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

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.
        hparadiz 4mo ago
        The average person in my area makes like 250-350k between two professionals being a couple. They will have 25 peak earning years where they earn like 240k after taxes but only spend 100k so that extra 140k goes into IRA/401k, and other investments, plus discretionary spend. They have 1 million in those accounts within 10 years and 3 million by the time they are in their 50s. That 40k per year you keep citing at that point is less than 2%. None of these people will vote for higher taxes and they keep winning elections. This isn't France and you're not gonna do shit.
        ceejayoz 4mo ago
        > The average person in my area makes like 250-350k between two professionals being a couple. Even in SF that's about double reality. https://www.census.gov/quickfacts/fact/table/sanfranciscocitycalifornia/PST045224 https://www.census.gov/quickfacts/fact/table/sanfranciscocit... > They will have 25 peak earning years where they earn like 240k after taxes but only spend 100k so that extra 140k goes into IRA/401k, and other investments, plus discretionary spend. Talking about an extra $140k a year for decades straight to put into savings as if it's the American norm illustrates just how deeply out of touch you are here. https://www.census.gov/library/publications/2025/demo/p60-286.html https://www.census.gov/library/publications/2025/demo/p60-28... "Median household income was $83,730 in 2024" > This isn't France and you're not gonna do shit. Yeah, Louis XVI thought the same.
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.

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.
        hparadiz 4mo ago
        The average person in my area makes like 250-350k between two professionals being a couple. They will have 25 peak earning years where they earn like 240k after taxes but only spend 100k so that extra 140k goes into IRA/401k, and other investments, plus discretionary spend. They have 1 million in those accounts within 10 years and 3 million by the time they are in their 50s. That 40k per year you keep citing at that point is less than 2%. None of these people will vote for higher taxes and they keep winning elections. This isn't France and you're not gonna do shit.
        ceejayoz 4mo ago
        > The average person in my area makes like 250-350k between two professionals being a couple. Even in SF that's about double reality. https://www.census.gov/quickfacts/fact/table/sanfranciscocitycalifornia/PST045224 https://www.census.gov/quickfacts/fact/table/sanfranciscocit... > They will have 25 peak earning years where they earn like 240k after taxes but only spend 100k so that extra 140k goes into IRA/401k, and other investments, plus discretionary spend. Talking about an extra $140k a year for decades straight to put into savings as if it's the American norm illustrates just how deeply out of touch you are here. https://www.census.gov/library/publications/2025/demo/p60-286.html https://www.census.gov/library/publications/2025/demo/p60-28... "Median household income was $83,730 in 2024" > This isn't France and you're not gonna do shit. Yeah, Louis XVI thought the same.

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.