American politics
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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.
The only way to reduce the compensation gap is to reduce the population. Payroll is always the largest expense for any company. Thus increasing payroll is the best method to reduce the compensation gap. The only way to make companies increase payroll is to reduce the supply of workers.
In other words: Fuck Off, We're Full.
Anyone defending billionaires at all is a clown who doesn't understand that it isn't left vs right, it's a class war, and we're all divided by the UNIPARTY by design.