Tax records on wealthiest Americans released

[Jezcoe]

@WuWei

@Jezcoe

It isn’t punishment.

Considering what historically happens to the really wealthy when the rabble get tired of them hoarding all of the resources… taxing them is the nicest thing.

Of course it is.

Your argument is it’s the nicest punishment?

It isn’t punishment.

[zantax]

@Jezcoe

@zantax

He didn’t get paid what it’s worth.

This is a hilarious thing coming from someone who I have had multiple conversations about what labor is “worth” and what it isn’t “worth”

He got paid what his labor was “worth”

No, he got paid what he accepted, not what it’s worth.

[WuWei]

@Jezcoe

@WuWei

@Jezcoe

It isn’t punishment.

Considering what historically happens to the really wealthy when the rabble get tired of them hoarding all of the resources… taxing them is the nicest thing.

Of course it is.

Your argument is it’s the nicest punishment?

It isn’t punishment.

Of course it is. Stop being silly.

[Jezcoe]

@zantax

@Jezcoe

@zantax

He didn’t get paid what it’s worth.

This is a hilarious thing coming from someone who I have had multiple conversations about what labor is “worth” and what it isn’t “worth”

He got paid what his labor was “worth”

No, he got paid what he accepted, not what it’s worth.

Which… by the laws of what labor is “worth”… is what he was worthy of.

[Jezcoe]

@WuWei

@Jezcoe

@WuWei

@Jezcoe

It isn’t punishment.

Considering what historically happens to the really wealthy when the rabble get tired of them hoarding all of the resources… taxing them is the nicest thing.

Of course it is.

Your argument is it’s the nicest punishment?

It isn’t punishment.

Of course it is. Stop being silly.

I disagree.

[zantax]

@Jezcoe

@zantax

@Jezcoe

@zantax

He didn’t get paid what it’s worth.

This is a hilarious thing coming from someone who I have had multiple conversations about what labor is “worth” and what it isn’t “worth”

He got paid what his labor was “worth”

No, he got paid what he accepted, not what it’s worth.

Which… by the laws of what labor is “worth”… is what he was worthy of.

I am not arguing it is legally owed to him.

[Jezcoe]

@zantax

@Jezcoe

@zantax

@Jezcoe

@zantax

He didn’t get paid what it’s worth.

This is a hilarious thing coming from someone who I have had multiple conversations about what labor is “worth” and what it isn’t “worth”

He got paid what his labor was “worth”

No, he got paid what he accepted, not what it’s worth.

Which… by the laws of what labor is “worth”… is what he was worthy of.

I am not arguing it is legally owed to him.

Yeah… but you are arguing to not tax the guy for it.

The contract has been paid.

[mwevans1234]

@zantax

No, pretty sure nobody pays taxes on unrealized gains, rich or poor.

Yeah no ■■■■■

What’s your point?

If I earn $250k in ordinary income and my net worth grows from $1 million to $1.2 million (and I don’t sell anything) I’m likely paying $50k in income tax, which is 25% of my wealth increase.

If I earn $20 million in ordinary income and my net worth grows from $2 billion to $2.5 billion (and I don’t sell anything), I’m likely paying $7 million in income tax, which is 1.4% of my wealth increase.

Thus, the upper middle class (or middle class or poor) are taxed more heavily as a percentage of wealth increase than the top .01%.

The question is whether this is the way it should be.

[WuWei]

@Jezcoe

I disagree.

Your disagreement is illogical.

[zantax]

@mwevans1234

@zantax

No, pretty sure nobody pays taxes on unrealized gains, rich or poor.

Yeah no ■■■■■

What’s your point?

If I earn $250k in ordinary income and my net worth grows from $1 million to $1.2 million (and I don’t sell anything) I’m likely paying $50k in income tax, which is 25% of my wealth increase.

If I earn $20 million in ordinary income and my net worth grows from $2 billion to $2.5 billion (and I don’t sell anything), I’m likely paying $7 million in income tax, which is 1.4% of my wealth increase.

Thus, the upper middle class (or middle class or poor) are taxed more heavily as a percentage of wealth increase than the top .01%.

The question is whether this is the way it should be.

It’s not wealth until it’s realized.

[Jezcoe]

@WuWei

@Jezcoe

I disagree.

Your disagreement is illogical.

Are they still Billionaires?

Then it isn’t a punishment.

[PAmoderate37]

@WuWei

Your disagreement is illogical.

Nah, illogical is thinking someone who makes $250,000 a year should have the exact same tax burden as someone who makes $50,000. Successful societies would never work that way.

[WuWei]

@Jezcoe

@WuWei

@Jezcoe

I disagree.

Your disagreement is illogical.

Are they still Billionaires?

Then it isn’t a punishment.

Completely illogical. Taking is always punishment. More so when it is done with the threat of violence.

[Jezcoe]

@WuWei

@Jezcoe

@WuWei

@Jezcoe

I disagree.

Your disagreement is illogical.

Are they still Billionaires?

Then it isn’t a punishment.

Completely illogical. Taking is always punishment. More so when it is done with the threat of violence.

If they get to still be Billionaires… it isn’t a punishment.

[WuWei]

@PAmoderate37

@WuWei

Your disagreement is illogical.

Nah, illogical is thinking someone who makes $250,000 a year should have the exact same tax burden as someone who makes $50,000. Successful societies would never work that way.

Nah, taking from someone is punishment. Doing it based on how successful they are is punishment.

Jeff Bezos doesn’t use anymore of government services than I do. Probably less.

[zantax]

@Jezcoe

@WuWei

@Jezcoe

@WuWei

@Jezcoe

I disagree.

Your disagreement is illogical.

Are they still Billionaires?

Then it isn’t a punishment.

Completely illogical. Taking is always punishment. More so when it is done with the threat of violence.

If they get to still be Billionaires… it isn’t a punishment.

Absurd.

[mwevans1234]

@WuWei

Taking is always punishment.

Is it, though?

Me telling my kids to put ten toys they don’t play with anymore in a donation box does not impact their behavior or happiness, and it’s not seen by them or me as punishment.

Am I punishing them?

[zantax]

@mwevans1234

@WuWei

Taking is always punishment.

Is it, though?

Me telling my kids to put ten toys they don’t play with anymore in a donation box does not impact their behavior or happiness, and it’s not seen by them or me as punishment.

Am I punishing them?

I doubt they are through playing with their money. I know I am not finished playing with mine.

[WuWei]

@mwevans1234

@WuWei

Taking is always punishment.

Is it, though?

Me telling my kids to put ten toys they don’t play with anymore in a donation box does not impact their behavior or happiness, and it’s not seen by them or me as punishment.

Am I punishing them?

Yes.
…

[toreyj01]

@WuWei

@PAmoderate37

@WuWei

Your disagreement is illogical.

Nah, illogical is thinking someone who makes $250,000 a year should have the exact same tax burden as someone who makes $50,000. Successful societies would never work that way.

Nah, taking from someone is punishment. Doing it based on how successful they are is punishment.

Jeff Bezos doesn’t use anymore of government services than I do. Probably less.

One thing I have learned it medicine, no one loves free ■■■■ more than rich people.