American politics
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America must reform or it will die.
The kid in the video is only scratching the surface, and is clearly still influenced by the left. He doesn't understand that Soros and others are/were funding these pro-Palestine protests THEMSELVES to gain enough support to outlaw speech against the billionaire bankers who own most of the politicians and the media. They're the ones who own the UNIPARTY.
Term limits, flat tax, no deductions. All gains taxed at a small, flat amount. No tax loopholes for Bezos and others. And no amnesty for illegals. Blue collar, middle class America is under attack. Reform or die!
They are at the point where they can literally just pass a bill that says “every American must give $100 a week to Israel”
Oh wait, they already fucking do
America is already dead. The question is what will follow this shambling Jewish corpse?
They aren't gains until you sell them, at which point they are taxed.
That is where the reform part comes into play. Most billionaires pay less in taxes than millionaires and at a lower percentage than workers in poverty.
Bullshit.
Poverty level in the US is $14,580. Standard deduction for an individual is $13,850. The absolute most in federal taxes an individual "worker in poverty" is paying is 5% And that's not counting EITC or any other credit that they're handed.
The reason billionaires "pay less in taxes" is because it's unrealized gains. The moment they try to actually spend any of it, they're getting taxed. That's why whenever you see these claims it's backed by something like "we looked at a 3 year period" or "we looked at 23 billionaires." Always something with a suspiciously framed dataset so that they can omit someone's whopping tax payment and then lose the mid-sized payments in the averaging.
I find this acceptable, but you're going to see lots of screaming and crying from the people who benefit most under the "progressive" tax system we have now - the 40% of people who pay no income tax. That was about the only thing that retard Romney got right.
tax reform is just more hand waving to tide people over with breadcrumbs while the compensation gap grows larger and power becomes more concentrated. poor people defending billionaire tax rates is another dumb narrative in clown world.