https://www.cnbc.com/2016/08/10/billionaires-are-hoarding-cash.html
billionaires are holding 22% of their assets as liquid cash.
Kylie Jenner is now the world's youngest billionaire
- Thread starter statham
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billionaires are holding 22% of their assets as liquid cash.
https://www.newyorker.com/news/our-...alth-tax-is-an-old-idea-and-its-time-has-come
All taxation carries the implicit threat of the use of force by the state if you don't pay what the state decides you should. You're already being held at gunpoint every year, you just never see the barrel.
A warrant is just legal artifice. If the law says your assets beyond a certain valuation belongs to the state then they belong to the state de facto, since property rights only exist in legal terms and indeed the state and the gunpoint you mentioned earlier exist to reinforce these laws.
No, why would they? Does the government refund your taxes if your stock portfolio goes down? I'm sure you can rig up some insurance scheme for your case if you wanted. Or maybe they can refund via tax credits in the same way they can calculate your net capital gain and tax that.
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You don't get how people that try hard and get nothing to show for it wouldn't feel resentful against those that don't have to try as hard and have way more than they'll ever need? Then I don't know what to tell you but it's pretty obvious.
Because the guy your parents hired to do most of the work is now improperly compensated for his contribution. While you get to inherit it with or without merit.
I'm happy you have got it made. But some of us try harder than others and get shit to show for our intelligence or hard work. So don't fucking act like you can't understand how we might be resentful for a system that shits on us.
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Jealousy then. Yes it sucks to work hard and get nothing back, but feeling resentment for someone that is better off than you isn't a good place to be. Today someone told me a friend of theirs bought a house. Nice, I said. Not really was her reply, her parents helped her with the deposit. Why isn't that nice I asked? The reply was it's not fair.
Life isn't fair. There's always someone better off. Don't be full of hate because of it though.
Maybe we should try and make a better system instead of telling people with less to just get over it and allowing the system to keep most of us in the gutter. That would be better to me.
Because it's true. Unless you actually believe that hospitality workers who make less than minimum wage, or Foxconn workers who assemble iPhones are actually paid a fair wage.
Also, wasn't there a study released recently that shows a large percentage of the US population needs to work a second job just to get by?
You're absolutely right, the system does not help some people. It seems like the poorest are the ones that always suffer the most. I'm all for equaling it out some, through higher taxes for the rich, state funded loans with zero interest, and other measures.
You can be all for taxing the rich more and helping the poorest without hating on the wealthy.
I'm ok with millionares/billionares existing if there also exists a decent social safety net that allows everyone else a decent chance to gain wealth and harvest opportunities without living from paycheck to paycheck. A UBI would allow you to handle most of your bills and follow your dreams at the same time
That's not the case in america
That's not the case in america
At minimum, being okay with the super wealthy is being okay with wealth inequality, as you literally can't have the former without the latter. That, and any defense of capitalism rests on the presumption that colonialism is A-Okay with you. Kylie's wealth and make-up business could also not exist without the machine of American imperialism and it's outsourcing of exploitation against the global south.
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Bullshit. That's not what's being argued. You're literally arguing for taking all of their wealth because they had the audacity to make more money than you or anyone else.
Exceptionally wealthy individuals exist in the Nordic countries and even they would look at what's being addressed in this thread as pure insanity.
You're advocating shit on pure emotion and hatred for wealth as a concept, not that they need to pay their share so America can be prosperous for all.
Wanna know how I know? Lets say America for the last few decades had a safety net exactly or near exactly like Sweden or Finland, and relatively high wages. But people like Kylie became super rich through smart business. I highly HIGHLy doubt youd even care. You're attacking the symptom not the cause
Bullshit. That's not what's being argued. You're literally arguing for taking all of their wealth because they had the audacity to make more money than you or anyone else.
Exceptionally wealthy individuals exist in the Nordic countries and even they would look at what's being addressed in this thread as pure insanity.
You're advocating shit on pure emotion and hatred for wealth as a concept, not that they need to pay their share so America can be prosperous for all.
Wanna know how I know? Lets say America for the last few decades had a safety net exactly or near exactly like Sweden or Finland, and relatively high wages. But people like Kylie became super rich through smart business. I highly HIGHLy doubt youd even care. You're attacking the symptom not the cause
I can't knock the hustle, she did great with what she had.
That being said, what she had was a LOT. She could build a brand based solely on her family name vs quality. I got some issues with some articles calling her a "self made" billionaire.
Other than that, congrats. Hope she does some good with all that money.
That being said, what she had was a LOT. She could build a brand based solely on her family name vs quality. I got some issues with some articles calling her a "self made" billionaire.
Other than that, congrats. Hope she does some good with all that money.
Not only are you completely missing the point, but you're not even arguing in good faith. It's one thing to shill for billionaires, but using whataboutism and getting mad because people here don't agree with you is just sad. Advocating to bring back stronger marginal taxation like there was in the 20th century isn't some radical extremist opinion, as much as some would like you to believe it is.
It's always going to be a supply / demand thing.
Assuming constant demand, if few people can or are willing to do what you do, you get paid a lot. If everyone can or are willing to do what you do, you get paid little to nothing.
Practically every single income "injustice" can be traced back to that.
Beyond the government-mandated artificial floor on labor pricing ("minimum wage"), no employer has an obligation to pay you enough to "live on" or any more than is necessary to retain you.
We can either have billionaires or a habitable planet in 150 years.
Your choice about what's "realistic."
Your choice about what's "realistic."
I've heard people rave about her lipstick, but really it's a moot point, I will never use her products or review them. I was just stating that it's not the end of the world because she's selling makeup, so many posts here are ridiculous and are acting like she killed their pets.
She's not the system, so all this hate and envy is just wasted energy and comes off as pettiness targeted at someone solely because of them being rich.
I'd argue that most of us here are lucky for having time(and access) to log on on a gaming forum.
And before someone quotes me with billionaire defence force nonsense, I am for rich people getting taxed more and that is how it is here in The Netherlands.
There are employers who have been very successful using alternate wage distribution methods. Not many, but it proves that there are other, better options.
https://en.wikipedia.org/wiki/Mondragon_Corporation
She got plastic surgery, and then hired a bunch of lab tech people to make makeup for her. Then she slapped her name on the box, and made an astounding amount of money.
Normal Nordic people look at the the current state of America (two parties, extreme wealth inequality, people not having healthcare) and call it pure insanity.
¯\_(ツ)_/¯
Ask hydrophilic attack
Yeah, cause anger gets people out to vote. Let me know when you figure out how to get people to the polls with the economic equivalent of "All lives matter".
Nice straw man.
First, you erroneously assume that someone like Kylie would be just as rich in a Nordic country as she is here. Where's your justification for this?
Second, you erroneously assume that I would exist in a Nordic country, when I'm a product of American capitalism as much as you are, and my critiques of it stem from living under it. If I lived under nordic capitalism, of course I wouldn't criticize American capitalism. So are you just making shit up?
Third, you like every other capitalist defending Liberal love throwing out "nordic!" as if it was a magic word. Do you know what goes into the "nordic model"?
Sweden
Norway
Finland
Denmark
USA
https://taxfoundation.org/how-scandinavian-countries-pay-their-government-spending/
People pay more taxes overall in the nordic countries, from the top to the median, and only in some countries do the people on the bottom get to avoid paying anything. So, with that in mind, I challenge you to go to the "100k is rich" thread and tell everyone between 50k and 100k that you plan to give them a 200% tax hike to bring about the "nordic model".
https://www.resetera.com/threads/th...someone-making-100k-yr-rich-what-the-f.96273/
What about corporate tax?
Sweden
Norway
Finland
Denmark
US
The corporate tax rate is similar. We actually "normalized" our tax rate under Trump, these were the tax cuts he constantly brags about.
So, once you're done selling a 200% tax hike to the shrinking middle class, you need to head back and defend the Trump tax cuts. You're obviously more capable of doing this than me, because I have only hatred and emotion on my side. Finished? Alright, next up is healthcare.
https://en.wikipedia.org/wiki/Healthcare_in_Sweden
https://en.wikipedia.org/wiki/Health_care_in_the_United_States
The health care industry in the US is 17% of GDP. About half of that is private and half of that is public. Our public expenditure is actually in line with that of many other countries. It's our private spending that's out of whack.
https://www.visualcapitalist.com/u-s-spends-public-money-healthcare-sweden-canada/
We spend 5 times what the nordic countries do in terms of private healthcare. Do you understand what it'll take to normalize this spending? Basically destroying 80% of the private healthcare industry. Oh, wait, but here's the snag:
https://www.theatlantic.com/business/archive/2018/01/health-care-america-jobs/550079/
There's now 16 million people employed in the healthcare industry, for simplicity's sake we're going to spread them evenly between public and private, which means the private healthcare industry is responsible for 8 million jobs. To adopt the nordic model, which you love, which has 5 times a smaller private sector, that's some 6 million jobs that will either be threatened or axed.
So, here's your "nordic model" political platform:
1) You're going to raise taxes on the middle class (between $50k and $100k) circa 150%-200%.
2) You're going to leave the Trump tax cuts as is because it's how the nordic countries do it
3) You're going to kill or obsolete 6 million jobs in the private healthcare industry
4) You're going to do all of this without "hatred" or "emotions" and within the confines of the Constitution and the 2-party system
Good luck with that.
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I would like to add to what samoyed said above that the nordic model may be feasible (and maybe even the preferred target) in, say, 30 years of uninterrupted social democratic change in the USA
The problem is that poor and ordinary people in the USA are doing so poorly with exorbitant healthcare costs, exorbitant student loan payments, exorbitant auto loan payments, ex yorbitant childcare costs, wages you can't live on, that tax hikes on ordinary people on the scale of what we have here would literally cause millions of people to become homeless, die and completely crash the economy. The reason Scandinavian countries can tax ordinary people is that ordinary people are by and large doing well.
In America, only rich people do well enough that they can be taxed more, without causing a wide-scale humanitarian crisis and economic crash. The good news is that wealth and income is so abnormally skewed in the US, that just by taxing the rich people more you can actually raise a sizeable amount of money, enough to pay for important reforms like universal healthcare, free higher education and, say, some system for publicly subsidized childcare. By Scandinavian standards, that would still be a lot less than the government services offered here, but it would be enough to improve the lives of many ordinary US folks. Wanting to tax the ultra-rich in the USA more is not about hatred. I'd say it's more accurate to turn it around and say that the ultra-rich refusing to part with more of the money they clearly can afford to part with, while watching ordinary people die because they can't afford treatments for treatable health conditions, are the actual people exhibiting class hatred. (When you consider the fact that many of those billionaires are republicans, there's also race hatred mixed in with and strengthening that class hatred.)
One of the most important things you need to do though before middle-class and working class people can do well enough to survive higher taxes, is to restore the balance between labour and employers on the labour market. You need collective bargaining rights and unionization rights so that corporations making billions of dollars in profit can't get away with paying the people at the bottom $8 per hour.
The problem is that poor and ordinary people in the USA are doing so poorly with exorbitant healthcare costs, exorbitant student loan payments, exorbitant auto loan payments, ex yorbitant childcare costs, wages you can't live on, that tax hikes on ordinary people on the scale of what we have here would literally cause millions of people to become homeless, die and completely crash the economy. The reason Scandinavian countries can tax ordinary people is that ordinary people are by and large doing well.
In America, only rich people do well enough that they can be taxed more, without causing a wide-scale humanitarian crisis and economic crash. The good news is that wealth and income is so abnormally skewed in the US, that just by taxing the rich people more you can actually raise a sizeable amount of money, enough to pay for important reforms like universal healthcare, free higher education and, say, some system for publicly subsidized childcare. By Scandinavian standards, that would still be a lot less than the government services offered here, but it would be enough to improve the lives of many ordinary US folks. Wanting to tax the ultra-rich in the USA more is not about hatred. I'd say it's more accurate to turn it around and say that the ultra-rich refusing to part with more of the money they clearly can afford to part with, while watching ordinary people die because they can't afford treatments for treatable health conditions, are the actual people exhibiting class hatred. (When you consider the fact that many of those billionaires are republicans, there's also race hatred mixed in with and strengthening that class hatred.)
One of the most important things you need to do though before middle-class and working class people can do well enough to survive higher taxes, is to restore the balance between labour and employers on the labour market. You need collective bargaining rights and unionization rights so that corporations making billions of dollars in profit can't get away with paying the people at the bottom $8 per hour.
We look at it with befuddlement and deep sadness and pity.
Actually we do have a few really rich people here as well. When we abolished the inheritance tax (social democratic government), and wealth and real estate taxes (centre-right government) in the 00s, generational wealth effects started becoming more important, unfortunately.
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Supply and demand can't explain why white men are paid more than any other race gender combination, so using that concept to explain anything is pretty vapid.
She's a member of the class that's keeping the system fucked for 99.999999% of the world. She has more social and political capital than everyone that posts in this forum combined. She might not be "the man," but she sure as hell is one of them.
Maybe if these fucks fought en masse to make the world a better place for everyone besides themselves, we wouldn't have kids starving in the streets and this anger might be unwarranted. From where I stand, they deserve all the ire and derision they get.
Thanks for the tag-in bro.
Yeah, so you're starting to have some of the same troubles we have now, especially regarding the inheritance/wealth tax.
And reconfirming what hydrophiliac said, the reason I bang the anti-wealth drum is simply this: it's the easiest and most obvious way of getting people to care enough to vote for taxes and expanded social nets. If you pretend everything is fine and that everything is going to get better as long as we work together, nothing major will happen. The last 40 years of American politics showed it.
You need emotional investment. You need to people to fight at the voting booth like they're fighting for their lives (because they are). No amount of reasonable words is going to bring this about. Most voters are tired and poor and apathetic about the whole system. Before we do anything, we need to get them to care. To feel like it's worth taking the time out of their day to hit the voting booth.
Yes, it can.
https://www.bls.gov/cps/cpsaat18.htm
Asian men beat White men on average income by a significant margin - also explained by my "concept" and the link above.
http://www.pewresearch.org/fact-tan...ge-gaps-persist-in-u-s-despite-some-progress/
is there something wrong with this GIF? Her legs look strange in the distant shot when she hands the cop his can.
Now show me the statistics on salaries based on occupation, education, and professional advancement. Asian men are outliers and only in very narrow settings.
Regardless, there are more white men in the workforce at higher wages which means it would make sense to anyone that can do math to hire anyone else because they take below average salaries for equivalent education and experience, yet here we are. Supply and demand can't answer that question and it's dogmatic to use it in that way.
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I think it is the back denim pockets in contrast with the rest of her faded jeans
Life isn't fair. There's always someone who gets a GoFundMe to bring their net wealth over $1 billion while you can't get that last $50 for insulin. Don't be full of hate because of it though.
Is it really much of a hustle when you start with so many advantages? Is that really worthy of respect? Kylie is no Oprah.
i should have specified my 'respect' was to Kris Jenner and how she used her daughters to her advantage.