Part 1 of my 2 parts (or more?) article on "free stuff".
I will start immediatly by saying that the ultra rich did not become rich by "earning income". They got there by asset appreciation.
Jeff Bezos did not "earn" 150 billion in wages. His company valuation went way up.
So therefore it is impossible for the government to tax the super rich wealth like this. What would they do? Confiscate their shares and sell them? To what idiot?
The way for the government to tax the super rich wealth is to nationalise their companies. This is what is called socialism. Works absolutely great.
They can also confiscate land and give it as bribes to their electorate, like Zimbabwe did. It took a few months for Zimbabwe to say "we are starving we beg you to come back".
Anyone that expects the government to be competitive (lol), or some bureaucrat to be innovative (double lol) is seriously delusional.
Ignorant people can argue all they want: it got tried countless times and always failed in the same way. The debate is settled.
The only industries that make sense to nationalise are the natural ressources of a country. Extracting Oil in particular.
And most people can agree that this is quite fair.
Exploiting the country ressources and of course sharing it with the country is fair. Robbing the hard work of someone isn't.
France is the biggest spender in the world. They spend 55.5% of the GDP. GDP is 2400 billion euros in 2019.
They got a whooping 87 billion euros from income tax. The upper bracket is 45%. Plus 66-70 billion with taxes on companies.
The chart I drew with redistribution. It takes from the rich and raises the bottom 20%. The lower middle class gets scammed because those at the bottom, which are mostly handicapped and very low IQ and so on (they make almost nothing before government spending because they can't work most of the time), get uplifted up at the level of the bottom middle class.
What all those numbers do not show: high taxes on companies means all this money goes to the government, not to the workers, and then the government redistribute it.
Look. The ENTIRE income tax brought 87 billion. Not just the rich. And the government spends way more.
On this page they have a 200 billion project to repay the debt.
www.aft.gouv.fr/fr/budget-etat
In the entire budget it's "only" 330 billion, but that's not 55% of gdp, I guess all the rest is just regular spending (paying police etc) that is not counted in it?
According to the french tax site impotsurlerevenu.org...impot-en-france-.php
The top 1% pay 25% of income tax, and the next 9% pay 35%.
With basically a 50% tax on the top 1%. They get about 21-22 billion euros from the top 1%.
Historically raising taxes on the rich has lowered revenue (and raising on every one has increased revolts by a 10000 factor).
Won't go into this, don't want to make this too long.
Assume the top 1% was taxed at 100% and they're absolute suckers they keep making as much money for others. Woohoo! France got an additional 20 billion.
With this they can... do nothing...
People at the bottom, which on average have a much lower IQ but it's a coincidence, think the rich have a horn of plenty, they think so little of themselves (maybe they're right about that) that they see the rich as absolute gods that can multiply bread & wine, but so evil that they keep it all for themselves.
A fun fact is that when the rich put money into the bank or in stocks, it does create some inflation, it would be wrong to say "money not spent is as if it didn't exist", there will be some inflation (althought very little just look at the BoJ they printed so much cash to create inflation and that cash just slept in safe deposits and created nothing, it only creates inflation if the bank lends it...)
Either way, both if the rich keeping their money creates some inflation or nearly none, when the government spends it it creates way more.
And we have seen that the rich are not demi-gods that single handidly generate the whole GDP of a country (lol).
All this "redistributed" money comes from 80% of the populaition, via various taxes (including value added taxes which clearly reduced purchasing power), and via inflation, via government printing money or monetizing debt which steal wealth from the current generation, and the gov taking debt that steals wealth from the future generation.
Taxing the rich won't create heaven on earth. Apart from making voters happy, and maybe feeding those at the bottom 20%, it doesn't do anything.
If taxing the rich made every one happy and beautiful and wealthy and equal, wouldn't the Soviet Union have done it?
Why does China Gini not decrease after the rich get taxed?
Hey and what about the fact that Irish- and African- americans poorest periods were when they were getting a ton of welfare, and best periods economically were when they were getting the least?
I looked again at some pictures from the great depression. People in line for free soup. Both whites & blacks. They disliked getting their picture taken.
And they hated having to queue for soup. They had dignity back then. Compared to today where the government has grown and grown and people of their own will want "free stuff". Absolutely shameful.
Taxing reduces inequality. Yes. It works. It works by uplifting the bottom 20% that cannot survive on their own. Koko the gorilla.
Koko the gorilla won't go to college.
Before the government "help" did you know that university in the USA was really cheap, and poor kids that went there could take a summer job to pay for it?
And you didn't need a university diploma for most jobs?
By "helping", the government has destroyed the system. Universities got super expensive. Students get massive debt. Jobs all require diplomas now, for no reason.
Spoiled brats shot themselves in the leg. Well done.
By "helping", the government has also made house prices go waaaaay up. Absolute bubble. The winners are those that owned a house before.
And the population that cheered, now can barely afford a roof over their head, some get evicted. Well done.
Why is all this so hard to understand? What's in people head? Koko the gorilla probably shouldn't be allowed to vote!
All the Koko the gorillas that think in an emergency we will "just tax the rich" and we will all be fine are going to get a nice surprise and lesson.
Lots of big city folks that don't get enough sleep, play a ton of fantasy games, and drink lots of coffee (its an opoid drug btw), completely detached from reality.
If no one makes stuff, there is no stuff. "The rich" don't have a magic pot with enough stuff for every one.
Inequality went up with industrialization (wageslavery):
link.springer.com/ch.../978-3-319-89773-8_5
So... To increase equality, really smart voters want to hurt business and produce job security? Yes, less business and more wageslavery, that's what is required!
www.researchgate.net...-Cape_fig7_337575560
readersupportednews....-in-american-history
Lmao suckers got convinced that they will die without the government and their only hope is the government taxing the horn of plenty rich.
I'll end this here or it will be too long.
One last chart:
www.vox.com/world/20...quality-europe-chart
Wow! Wealth inequality was lowest in the mercantile capitalism era! During the time of kings not greedy politicians that lie to get votes!
WOW! I never saw that coming! Before "secure jobs". Before "tax the rich". What a surprise! Tax was 99% back then right? No? 1%? LIES!
It's so obvious to me. But suckers are too dumb to understand this and shoot themselves in the leg.
And I might have to move abroad, because they might start a revolution to get more of the bad things that hurt them (lol).
So many people are naive. The rich are not demigods. The rich are not santa claus.
The government does not have a magic wand to steal wealth from the demigod rich to create an utopia.
Chill out and get your lazy bums to work!
I will start immediatly by saying that the ultra rich did not become rich by "earning income". They got there by asset appreciation.
Jeff Bezos did not "earn" 150 billion in wages. His company valuation went way up.
So therefore it is impossible for the government to tax the super rich wealth like this. What would they do? Confiscate their shares and sell them? To what idiot?
The way for the government to tax the super rich wealth is to nationalise their companies. This is what is called socialism. Works absolutely great.
They can also confiscate land and give it as bribes to their electorate, like Zimbabwe did. It took a few months for Zimbabwe to say "we are starving we beg you to come back".
Anyone that expects the government to be competitive (lol), or some bureaucrat to be innovative (double lol) is seriously delusional.
Ignorant people can argue all they want: it got tried countless times and always failed in the same way. The debate is settled.
The only industries that make sense to nationalise are the natural ressources of a country. Extracting Oil in particular.
And most people can agree that this is quite fair.
Exploiting the country ressources and of course sharing it with the country is fair. Robbing the hard work of someone isn't.
France is the biggest spender in the world. They spend 55.5% of the GDP. GDP is 2400 billion euros in 2019.
They got a whooping 87 billion euros from income tax. The upper bracket is 45%. Plus 66-70 billion with taxes on companies.
The chart I drew with redistribution. It takes from the rich and raises the bottom 20%. The lower middle class gets scammed because those at the bottom, which are mostly handicapped and very low IQ and so on (they make almost nothing before government spending because they can't work most of the time), get uplifted up at the level of the bottom middle class.
What all those numbers do not show: high taxes on companies means all this money goes to the government, not to the workers, and then the government redistribute it.
Look. The ENTIRE income tax brought 87 billion. Not just the rich. And the government spends way more.
On this page they have a 200 billion project to repay the debt.
www.aft.gouv.fr/fr/budget-etat
In the entire budget it's "only" 330 billion, but that's not 55% of gdp, I guess all the rest is just regular spending (paying police etc) that is not counted in it?
According to the french tax site impotsurlerevenu.org...impot-en-france-.php
The top 1% pay 25% of income tax, and the next 9% pay 35%.
With basically a 50% tax on the top 1%. They get about 21-22 billion euros from the top 1%.
Historically raising taxes on the rich has lowered revenue (and raising on every one has increased revolts by a 10000 factor).
Won't go into this, don't want to make this too long.
Assume the top 1% was taxed at 100% and they're absolute suckers they keep making as much money for others. Woohoo! France got an additional 20 billion.
With this they can... do nothing...
People at the bottom, which on average have a much lower IQ but it's a coincidence, think the rich have a horn of plenty, they think so little of themselves (maybe they're right about that) that they see the rich as absolute gods that can multiply bread & wine, but so evil that they keep it all for themselves.
A fun fact is that when the rich put money into the bank or in stocks, it does create some inflation, it would be wrong to say "money not spent is as if it didn't exist", there will be some inflation (althought very little just look at the BoJ they printed so much cash to create inflation and that cash just slept in safe deposits and created nothing, it only creates inflation if the bank lends it...)
Either way, both if the rich keeping their money creates some inflation or nearly none, when the government spends it it creates way more.
And we have seen that the rich are not demi-gods that single handidly generate the whole GDP of a country (lol).
All this "redistributed" money comes from 80% of the populaition, via various taxes (including value added taxes which clearly reduced purchasing power), and via inflation, via government printing money or monetizing debt which steal wealth from the current generation, and the gov taking debt that steals wealth from the future generation.
Taxing the rich won't create heaven on earth. Apart from making voters happy, and maybe feeding those at the bottom 20%, it doesn't do anything.
If taxing the rich made every one happy and beautiful and wealthy and equal, wouldn't the Soviet Union have done it?
Why does China Gini not decrease after the rich get taxed?
Hey and what about the fact that Irish- and African- americans poorest periods were when they were getting a ton of welfare, and best periods economically were when they were getting the least?
I looked again at some pictures from the great depression. People in line for free soup. Both whites & blacks. They disliked getting their picture taken.
And they hated having to queue for soup. They had dignity back then. Compared to today where the government has grown and grown and people of their own will want "free stuff". Absolutely shameful.
Taxing reduces inequality. Yes. It works. It works by uplifting the bottom 20% that cannot survive on their own. Koko the gorilla.
Koko the gorilla won't go to college.
Before the government "help" did you know that university in the USA was really cheap, and poor kids that went there could take a summer job to pay for it?
And you didn't need a university diploma for most jobs?
By "helping", the government has destroyed the system. Universities got super expensive. Students get massive debt. Jobs all require diplomas now, for no reason.
Spoiled brats shot themselves in the leg. Well done.
By "helping", the government has also made house prices go waaaaay up. Absolute bubble. The winners are those that owned a house before.
And the population that cheered, now can barely afford a roof over their head, some get evicted. Well done.
Why is all this so hard to understand? What's in people head? Koko the gorilla probably shouldn't be allowed to vote!
All the Koko the gorillas that think in an emergency we will "just tax the rich" and we will all be fine are going to get a nice surprise and lesson.
Lots of big city folks that don't get enough sleep, play a ton of fantasy games, and drink lots of coffee (its an opoid drug btw), completely detached from reality.
If no one makes stuff, there is no stuff. "The rich" don't have a magic pot with enough stuff for every one.
Inequality went up with industrialization (wageslavery):
link.springer.com/ch.../978-3-319-89773-8_5
So... To increase equality, really smart voters want to hurt business and produce job security? Yes, less business and more wageslavery, that's what is required!
www.researchgate.net...-Cape_fig7_337575560
readersupportednews....-in-american-history
Lmao suckers got convinced that they will die without the government and their only hope is the government taxing the horn of plenty rich.
I'll end this here or it will be too long.
One last chart:
www.vox.com/world/20...quality-europe-chart
Wow! Wealth inequality was lowest in the mercantile capitalism era! During the time of kings not greedy politicians that lie to get votes!
WOW! I never saw that coming! Before "secure jobs". Before "tax the rich". What a surprise! Tax was 99% back then right? No? 1%? LIES!
It's so obvious to me. But suckers are too dumb to understand this and shoot themselves in the leg.
And I might have to move abroad, because they might start a revolution to get more of the bad things that hurt them (lol).
So many people are naive. The rich are not demigods. The rich are not santa claus.
The government does not have a magic wand to steal wealth from the demigod rich to create an utopia.
Chill out and get your lazy bums to work!