bpt3

35 ms·

631.
by bpt3 1y ago
Keep deflecting. It's clear you have very little historical or economic knowledge about taxation, and it seems like the sum total of your thoughts on the matter is: taking money from people I don't like makes me feel good.
632.
by bpt3 1y ago
No, it's not. One example definition of tax: a charge usually of money collected by the government from people or businesses for public use. A duty is a type of tax.
633.
by bpt3 1y ago
What gives you that impression? I get that they are used that way at times, but the core purpose of taxation is to generate revenue for the government.
634.
by bpt3 1y ago
If you're going to balance your budget on their backs, yes: https://taxfoundation.org/blog/one-rich-guy-moves-new-jersey... Europe figured this out long ago and has a very broad tax base (aka higher taxes on the m
635.
by bpt3 1y ago
Can you compel someone to walk your dog because you have enough money to pay someone to do it, or are they choosing to do it to earn some money?
636.
by bpt3 1y ago
What is the alternative to capitalism you propose? Every alternative has resulted in many more "bodies on the ocean floor".
637.
by bpt3 1y ago
It just means to me that you haven't put much thought into this. What about the federal government gives you the impression that they'd be responsible stewards of the money you want to confiscate and redistribute?
638.
by bpt3 1y ago
No, I'm saying that the marginal rates you're salivating over produced effective rates on the highest earners that weren't much different from today.
639.
by bpt3 1y ago
Look at the effective tax rates and get back to me. You have a lot of thoughts on something you know very little about.
640.
by bpt3 1y ago
Effective tax rates weren't much different, which is what matters.
641.
by bpt3 1y ago
Yes, they've been moving to Florida in droves for the last decade plus. Eventually you'll run out of other people's money to spend, and will be forced to face the reality of your own self-sufficiency.
642.
by bpt3 1y ago
They should have made it abundantly clear that they had no idea what was going to happen and that loss of the crew and shuttle was a real possibility, but I agree with you. This slide was presented with a verbal talk track, and anyone who c
643.
by bpt3 1y ago
I don't understand your point. I agree tax rates are disinflationary in theory and I believe in practice to an extent, so it could be another tool in the Fed's toolbox but not one I think they want to have or one that Congress is
644.
by bpt3 1y ago
Then you are by definition a collectivist, which is your right to be but puts you completely at odds with western society and the foundation of the progress humanity has made over the last 500+ years. To summarize, you're on the wrong
645.
by bpt3 1y ago
Is anyone arguing that the Fed is responsible for "total price levels"? The fed funds rate is used as the foundation for nearly all lending that occurs in the US, and setting it is a key tool for regulating credit (the only job th
646.
by bpt3 1y ago
> If I had a tinfoil hat... If? You can believe what you want, but dang and the other mods have said repeatedly that their owners are completely hands off. If you want to argue that the mods know where their bread is buttered and act acc
647.
by bpt3 1y ago
Presumably it was flagged due to the inflammatory nature of the article and the inevitable political posts (like this one I'm now responding to!) that would result. For the record, the Fed did raise interest rates before COVID-era fina
648.
by bpt3 1y ago
You're right about stability, but we aren't experiencing stability in the long, medium, or short term so compliance or even support of Trump's policies make no sense. I assume megacorp executives think they'll be able to
649.
by bpt3 1y ago
The founding premise of the US is avoiding consolidation of power. There are many downsides to that (largely concerning waste due to duplication of efforts and other inefficiencies), but that's why it's never taken hold in the US
650.
by bpt3 1y ago
> The US is not competitive with China, absent the USD. I'm sorry, but this is absurd. The US produces an enormous amount of goods and services, many of which are hard to replicate, and has a huge amount of natural resources availab
651.
by bpt3 1y ago
There isn't one. The entire article (as with nearly every one on that site) is a very long shitpost. That said, I do actually agree with the risks outlined in the article (if the Fed is no longer seen as independent, the global investm
652.
by bpt3 1y ago
> And with outdoor places getting more and more rare/expensive, they’ll have no choice but to consume slop. What does this mean? Cities and other places where real estate is expensive still have public parks, and outdoor places are
653.
by bpt3 1y ago
> So you are telling poor people how they should live their lives after all. The core point I made that set this whole thing off. It turns out this whole thing actually is an excuse to decide how poor people should live. Thank you for pr
654.
by bpt3 1y ago
I don't think it's likely to happen, but it's certainly an option I would prepare for if I were the US government. As to why the US would allow it to happen, the PRC could take steps that would make the defense of Taiwan poli
655.
by bpt3 1y ago
I believe the US government agrees with you, which is why they are investing in domestic alternatives to TSMC (including encouraging TSMC to build a plant in the US).
656.
by bpt3 1y ago
> i write for me. You sure use an awful lot of self-citations for someone who is only writing for themselves. > I don't find most people in the USA to be worth taking seriously, either. Liiiike if someone thinks the primary purpo
657.
by bpt3 1y ago
> So an "old classic" (I was thinking a Mercedes) stops being a luxury car as soon as a poor person inherits it? Do you see how nebulous these categories are? How easy it is to just move the line whenever it suits your argument
658.
by bpt3 1y ago
What happens if the PRC annexes Taiwan without bloodshed? The options available to the US are: attack the PRC to blow up the chip manufacturers and probably start WW3, or frantically try to replicate the capabilities of the Taiwanese fabs b
659.
by bpt3 1y ago
Summarizing Piketty's recommendations as "the regulation of capital" is absurd. I can point to dozens upon dozens of independent economists (by your definition) that disagree with the use of confiscatory income tax rates and
660.
by bpt3 1y ago
> And you don't acknowledge the actual definition, or you would have been asking about price elasticity, not what is or is not essential for human life. Plenty of people will give up Chinese takeout before they give up GPUs. You jus

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