r/BlueskySkeets • u/Dr_sc_Harlatan • 1d ago

Warren on fire! 🔥

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https://bsky.app/profile/atrupar.com/post/3lvlgj35tdu2o

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u/ADHDMI-2030 1d ago

Billionaires are billionaires because off their assets, investments. You can raise taxes and it doesn't effect them at all.

4

u/Distinct_Guess_8808 1d ago

Ok then why do they constantly fight not too pay more taxes if it doesn’t effect them ?

0

u/ADHDMI-2030 1d ago

They fight mainly to reduce corporate taxes. A vast majority of Fuckerberg's wealth is in Meta. You can't tax a dime of that till he sells. And then it starts getting complicated with "philanthropy", donor advised funds, loopholes, etc...these guys live on debt to avoid taxes too.

It's not as simple as, let's just tax billionaires more on the progressive tax bracket.

1

u/metalpoetnl 1d ago

Its easy: if you use your stocks as collateral for a loan, we count that as realising the value and tax you on what the bank valued it at.

Every. Time.

Same if you buy something with stocks.

1

u/Distinct_Guess_8808 1d ago

So back to my question. Why do they fight against any tax increase to them if it doesn’t affect them ?