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What do you think about this argument?

It shouldn’t bother you that some people are obscenely wealthy (billionaires) because they earned it, that’s their money, and they should spend or save it however they want to. But government waste? That should really piss you off because that’s your money!

Disclaimer: I disagree with the sentiment, but at the moment I can’t seem to think of a valid rebuttal.
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exchrist · 36-40
The wealthy billionaires usually inherited their wealth committed some atrocity to obtain it won it by lottery and invested well or someway or other cheated to get it (avoided taxes got a favorable loan bought/sold stock, etc.).
If there were a flat tax on income, which almost everywhere else in the world does, the issue would be mute. Instead the billionaires aren’t paying taxes and have the money to hire accountants to ensure they never will.
Government waste is minimal and would be even less plus more visible if government were properly and equally funded. Instead billionaires escaping taxation while blaming the poor.
American capitalism
AthrillatheHunt · 51-55, M
@exchrist Elon is the highest tax payer in US history. The “billionaires “ are actually the mega donors that fund political campaigns . No politician is gunna propose taxing them more or they would have done it years ago . Game recognize game. Game protect game
exchrist · 36-40
@AthrillatheHunt upon getting elected the politicains should do it anyway
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exchrist · 36-40
@AthrillatheHunt I tried that a few times
AthrillatheHunt · 51-55, M
@exchrist plse understand I meant metaphorically
exchrist · 36-40
@AthrillatheHunt and I mean literally woke up in the hospital to no avail
exchrist · 36-40
@AthrillatheHunt what percentage of income tax does his majesty Elon pay? I pay 30% making 38k a year
AthrillatheHunt · 51-55, M
@exchrist billionaires (top .1%) contribute over 40% of total US tax revenue. That means 1/10th of 1% pay about half . I think that’s fair .
exchrist · 36-40
@AthrillatheHunt those tax returns ought to be made public
AthrillatheHunt · 51-55, M
@exchrist Huh? as i mentioned , those are the people who fund politicians careers so good luck w that .
exchrist · 36-40
@AthrillatheHunt I doubt those billionaires are paying 30% of their revenue(s)/income
AthrillatheHunt · 51-55, M
@exchrist respectfully , no one cares what you believe or don’t believe.
exchrist · 36-40
@AthrillatheHunt that’s fair regardless America has bills to pay trillions in federal debt. Unless everyone pays taxes (their fair share) the debt will never be paid and prosperity never achieved. That’s reality and it is playing out in realtime as the world watches and follows along.
AthrillatheHunt · 51-55, M
@exchrist you speak the truth. But the people who matter ARE prosperous . Or is it the other way around IDK.
exchrist · 36-40
@AthrillatheHunt thank you maybe we the people are moving in that direction? also infrastructure is quickly deteriorating and the revenue from a flat tax could cushion America’s fall from grace road bridges rail public buildings etc.
AthrillatheHunt · 51-55, M
@exchrist we are in the beginning of a controlled demolition / assisted suicide . It will only worsen.
@AthrillatheHunt you believe billionaires like Elon pay 50% tax???
AthrillatheHunt · 51-55, M
@wildland no. I believe billionaires try to pay as little tax as possible . Politicians on both sides are okay w that. Both parties have held super majorities and didn’t change tax code . That tells you all you need to know about their real stance (regardless of what they tell us and the media ).
But even paying as little as possible , billionaires STILL contribute over 40% of all tax money collected. I think that’s fair for the 1/10th of 1%.
FoxyGoddess · 51-55, F
@exchrist
I doubt those billionaires are paying 30% of their revenue(s)/income

Most of them get away with not paying taxes because their money is actually tied up in assets and other *fictional* avenues. Basically, they get their assets appraised for the value, usually by an appraiser of their choice so they make the value more or less, depending on what they appraisal is for. Trump did this countless times, devaluing for taxes and over valuing for bank loans. The money however, is fictional. They don't havr a billion in the bank. To get that billion, they would have to liquidate and hope they get a good return. This is the loophole the rich get. As long as they claim the wealth of their assets, they can be as poor or rich as they want.
MethDozer · M
@AthrillatheHunt it's not fair, they are hoarding money that is earned off the backs of labour and paying a much smaller personal share than the majority of people. Its also worth noting the money they hoard is money that is veing denied from social security.


All people are valuable, not just greddy bullionaires exploiting labor. They are in fact the least valuable to society
AthrillatheHunt · 51-55, M
@MethDozer you sound broke and jealous