And I don’t believe shit of it. I think all their “donations” to foundations and “charity” are tax scams. I’ve seen so many of these deeply immoral and greedy fucks do this and go on charity drives and I’m not buying any of it, I know these people are just scamming us somehow, they don’t do anything out of the kindness of their hearts and betterment of society, it’s all about money.
The worst part is- they are not the problem per se, the system is. The system creates this, capitalism creates this, it promotes these people to the top sure, but if not them then anybody else willing to sell their souls to the literal antichrist.
Capitalism is a malignant cancer and needs to be excised and chemod or we all die. DIE. Civilization GONE. Humanity GONE. Culture GONE.
It’s us or capitalism.
by followed up you mean: “Ok after I die, I will donate half of my money to my tax-exempt family-owned-and-operated charity, that just happened to only pay salaries and donations to causes that serve the interests of our family-owned-and-operated shell companies”… :D
it’s like sequeezing your late’s father dry-drenched cumsocket which he used his entire life, then drinking it, and brag about it… to which I say thanks but no fucking thanks.
These people are genuinely sick in the head, this level of pointless greed is not normal. Of course they aren’t going through with it.
Exactly like gambling addicts. They are blinded by capitalism, because capitalism is nothing but gambling, and not only are these people addicts, the game has completely usurped society itself. Just think about it- what dictates our society? It’s not our values, or ideals, our wishes and wants and dreams, it’s the economy.
The Economy is a fucking golem that has overtaken democracy, we have no say, what The Economy wants always takes precedence, and the only thing The Economy wants is MORE MORE MORE MORE MORE MORE MORE MORE MORE MORE MORE. MORE people, MORE things, MORE money, MORE. You know what else does that? Cancer.
Exactly! And like cancer, it will eventually consume and destroy its host. It may take time, but it will.
Can’t say that I’m shocked.
Once you start to have money, you get a money dependency. No matter how rich you get, the “baseline you really need to live the life you want and nothing more” growths together with your wealth.
Take lottery winners and ask them if they could give away half of their gains. Will you be surprised if most of them say no, even though the day before they would have set their “minimum needed to live a happy life for the rest of my days” at a much smaller fraction of it?
Now take a similar population, but who in addition rationalized them deserving that money through their hard work and talent.
That’s 247 billionaires we could have put in the buffet. Never trust a billionaire. Eat them at first opportunity.
Lmao fuck them my taxesare higher then half
The prospect of still being billionaires, but with less billions, was just too much to handle
Exactly why they need to be taxed more.
Billionaires shouldn’t exist to begin with and don’t assume tax money are used by governments for good.
I mean, you don’t become a billionaire by giving money away.
Uh, yeah you do. What do you think charities are for? Helping people?
Now imagine if there was some way a government could take a percentage of that and put it towards improving society as a whole.
Oh well, guess we’re fucked.
Now imagine if there was some way a government could take a percentage of that and put it towards improving society as a whole.
Yes, some form of “giving pledge” where the amount was standardized and there was no option to back out. Radical thinking here.
BUT THAT WOULD BE COMMUNISM!!1!
Lol… While gates foundation does do some decent work. Let’s be real it is astroturf operation inherently
Also, Warren already back out.
So this is just a shill op for these “good” parasites.
Read between the lines folks, these people are your enemies
also Gates have accused of vaccine colonialism by african countries, hes not doing out of his own heart, its most likely his way of laundering money, plus to distance himself from epstein.
This doesn’t make any sense.
He’s been doing this since long before Epstein was arrested.
He also doesn’t need to launder money because he’s already paid tax on all his money. He’s becoming demonstrably, significantly less wealthy in the course of distributing vaccines. If he were laundering money he would be becoming more wealthy.
To people like this, the number in their bank account is like a scoreboard. They didn’t get that high up the leaderboard purely by accident.
Anyone who thinks that kind of person is just going to give up their place on the scoreboard is either incredibly naïve or gullible.
Don’t get me wrong, there are some people to there who may have some semblance of empathy, but as seen by the title, that’s about 1 in 25.
They also don’t do good things out of the goodness of their hearts, they do it to win social points so that they don’t get gunned down in the middle of a NYC street.
This doesn’t make much sense to me.
Sure. Gates is not a “nice” person. The business practices involved in becoming a billionaire require him to be a vile human being. Granted.
That said, he has given up his place on the leaderboard. He has become dramatically less wealthy as a result of his philanthropic work.
What are you claiming is Gates’ motivation here? Not getting murdered? Come on. There are much more practical, reliable, and cheaper means to achieve that.
To people like this, the number in their bank account is like a scoreboard.
It’s not just that.
Besides the humanitarian work that the gates foundation does do “voluntarily”, money is agency, it is power.
There is very little argument and reason to believe that “people” and “countries” would actually be more responsible in spending it.
If there was a big, motivated, carefully planned social movement that had a solid idea and spending plan, things would be different. And such a group could also force them to give up that money to spend it on these things. But such a movement doesn’t exist.
As it stands, the idea that they would voluntarily give up money is dumb. To do what? Feed the corruption and nepo network in their country, that then will benefit only the people that are just like them, but less rich? That makes no sense.
It has to come from public pressure and equal wealth taxes.
They didn’t get that high up the leaderboard purely by accident.
You also don’t stay up there in the leaderboard by accident
I assume that tax avoidance is also a factor.
You wouldn’t expect these clowns to pay taxes that’s what w2 slaves are for. In fact, the treasury should be paying them. Just look at the national debt since 1980s then look at how fat these swine got.
Crux of the everything crisis we got on our hands.
But hey the good parasites paid 15k for a fluf piece, put on a suit and say thank you!
Let’s not forget
lobbyingbribery. And since said political influence is ostensibly being bought for the sake of charity, nobody would even blink.Just my theory, mind you. But every one of these charitable foundations is primarily done for tax avoidance. No question. Well that is every one of these foundations except for the one set up by Mr President Tiny Dick. He just can’t resist the temptation of embezzlement. I mean seriously, he bankrupted THREE casinos, and had a judge not just dissolve his foundation, but also bar him from running one of these so-called charitable foundations ever again.
I don’t even want to know how you can fuck up that egregiously. One of those things where you have to wonder if successfully finding understanding of how it happened is going to hopelessly corrupt your own soul for all of eternity.
It always has been (points gun)
Why would you waste $10 to save $5 in tax?
I can’t say how the tax avoidance strategies of the super-rich work in practice, but in any case, their feigned philanthropy is a key part of it.
It’s not.
This is a common misconception based on meme level reasoning.
I don’t know how this works but I know I don’t like billionaires.
You need to be more specific. I’m not going to waste my time refuting your statement because I can’t even begin to imagine how you came up with that.
That makes two of us I guess.
You said that you don’t know how it works, I can’t really respond to that.
You said that philanthropy is not misused to avoid taxes—that is definitely wrong, but if you want to believe it, please do.
It’s the difference between spending money to have your will enacted, and having your money taken by the people, for use of the commons.
The latter is a very dangerous precedent to set. You don’t want the people feeling like they can have their will enacted.
What taxes?
The only good billionaire is a dead billionaire whose stolen wealth has been returned to the people
Does that mean Gates will be “good” if he spends all his money on vaccines and then dies of natural causes?
Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Financial obesity is literally capitalism. That’s the disease. Period.
Financial obesity is a large part of capitalism, but it’s by no means exclusive to it. Replacing capitalism with anything that tolerates obscene wealth accumulation would be a categorical failure.
I really like that as a term, never come across it before.
tbh I’m surprised that there are 9 who did
as a reward we should leave them for last
On an unrelated note, Bill Gates is in the epstein list.
And he didn’t donate shit without an economic incentive, it’s all a tax writeoff, it’s all a scam. Even that shit he did pumping money into AIDS research as “charity” went into companies where he held stake himself. It’s so fucking vile.
guillotine.jpg
Didn’t know that, but not surprised.
In an email sent after Gates went to have dinner with Epstein in his Manhattan mansion he wrote A very attractive Swedish woman and her daughter dropped by and I ended up staying there quite late
And the reason Melinda divorced him.
Serious or joke?
We can only speculate, but his infidelity with staffers was known, and him being on the Epstein list may have been the final straw.
A decent person would have gone to the press with it, but she’s wealthy so she didn’t.
Because it would reflect poor on her, too. It’s like when people don’t report being victims of sexual assault, because they know people will look at them differently forever, doesn’t even have to be that extreme, just imagine being a normal family in a normal neighborhood where everybody knows everyone for decades, and then you find out your husband has a fling with a younger woman. It’s just embarrassing, you know?
You and me and all of us lie all the time about way less embarrassing things, because we don’t want to be seen a certain way, as victims, as having been duped or gullible or even the butt of a joke.
Imagine on that level, where you are married to one of the richest men in the world, and your rollerdex contains thousands of names to some of the most powerful people on the planet, and you “go to the press with it”.
It would change your life forever, the scandal would stain every aspect of your life F O R E V E R.
Meh. I actually don’t think its a good idea. You just draw power away from the best of a segment empowering the biggest assholes. Taxes should be progressive and include all sources of income not just wages and the tax brackets should go all the way up to the highest income level. So there should be a level for over 100 billion and another for over 10 billion and over 1 billion and so on. Five figure income should be zero.
Taxes should be progressive
Yeah ofc. Why do you think the billionaires came up with this BS plan instead?
I agree with you and your proposal with the exception of 5 figure income having no income tax. At a billion level it might not be so important the difference between one or two billion. But on the 5 digits salaries, the difference of someone making 30k or someone making 80k is definitely meaningful. And as someone being in a comfy point in between there I do think everyone in my bracket should be paying taxes. Not high, but definitely something. Then lower incomes then yes, definitely 0% tax. But the amount of people on 5 digits salaries that are on the higher end is definitely worth having some tax, even when a small amount it already helps support the system with so many.
At the upper end you might be able to swing the more modest of housing and put away for retirement and that is great but it is not like changes circumstances that much. I would argue that opposite that the 2billion is one billion of funny money over what the one bilion guy has and should be taxed along the lines of lottery winnings.
and the tax brackets should go all the way up to the highest income level
What does that even mean? They’re lower limits. Everything that exceeds the lower limit for the top bracket (which has no upper limit) is taxed the top rate.
It means the highest tax bracket should not be in thousands when the top makes hundreds of billions.
The highest rate is on annual taxable income in the hundreds of thousands and up. The hundreds of billions are also getting taxed that top marginal rate.
Your statement is muddled. Maybe the word same is missing like
Everyone in the top bracket shouldn’t be paying the same marginal tax rate. Beyond the start of the current top bracket, the marginal tax rate should continue increasing (for millionaires & billionaires).
Some of your ideas are confused. Income taxes are already progressive. Taxable income already includes income other than wages. The standard deduction exempts the low 5 figure annual incomes from taxes.
The way you suggest realizing things that are already true draws into question whether you’ve ever filed taxes. Likewise for the people agreeing with you: have they ever filed taxes?
Yes what I meant is the rate should not stop increasing at such a low amount. In fact the hundreds of billions do not pay the rate because of the way we tax work higher than returns and because social security and medicare have a max point. Basically the folks paying the highest rate are the folks that make it to that highest rate for what is still a common profession like doctors and lawyers. After that its escape velocity for taxes.
That makes more sense.
Long-term capital gains are taxed significantly less than ordinary income: that’s partly to incentivize stabler markets by rewarding long-term investments over short-term market timing activity.
The annual ceiling on contributions to social security is bullshit & needs to be eliminated. However, there’s no such ceiling for medicare:
All covered wages are subject to Medicare tax.
Have you looked at the taxable income distribution/quantiles? The top marginal tax rate seems to begin somewhere between the minimum adjusted gross income (AGI) for the top 1% & 2%. < 1% have an AGI over $1M. We’re talking about increasing marginal rates for the top fractions of a percent here. While that could increase federal revenues, it’s unclear that will boost revenues as much as we need.
For example, the Social Security administration publishes annual reports on solvency proposals with summaries. Eliminating that taxable maximum alone won’t save social security. Increasing the payroll tax rate, however, will definitely save it. It’d help to know the effect of taxing all taxable income.
Keeping programs solvent might require increasing taxes on the bulk or a more significant part of the population.
Im fine with long term capital gains being less than short term capital gains but not less than ordinary income. a 1% transaction tax could drop short term timing more effectively. What you say at the end for social security is another reason regular income tax needs to be very low at the low end.
Five figure income should be zero? $10,000/year is not a livable income.
as papastevesy said im advocating for zero tax on five figures which would go up to 99,999.99
They’re saying the tax rate should be 0 for 5-figure incomes.
It’s not a serious income. Why penalise the ppl at the bottom?
oh I misunderstood. I thought “five figure income should be 0” meant “people shouldn’t be able to make even five figures.”
