Thinking about things as a whole, the impeding crash of the auto industry because of the spiked prices during COVID continuing to exist to this day, the fact that repossessions are at the highest rates they've been since the 08 recession, inflation, the prices of groceries, I completely understand the sheer hatred of excess opulence, but at the same time, it also makes me a lot more retrospective because of it.
Like is there such a thing as 'too rich'? I personally don't think there is, but I do think that for example, the ability for the uber wealthy to take out loans using their stocks as collateral instead of paying cash for certain purchases is somewhat of a problem, because that loan doesn't count as income to be taxed, but I'm not sure what the implications would be on regular people if such a thing would be eligible for taxation.
The primary reason why I hate the idea of general increased taxation is that I don't trust the government to do anything other than dump it into the military industrial complex. I don't hate the rich, nor do I love the rich, I just understand that the wealthy are who run society so I just have to figure out how to deal with them, albeit so many wealthy people are incredibly out of touch with how the normal person lives.
I don't hate the concept of rich people. It is that the people I hate happen to be rich. I hate them because they use their wealth not even for their own personal benefit, but for the active detriment of their own society.
I don't give a shit if Bill Gates has 40 Lamborghinis. I give a shit that he is funding an effort to deliver bioweapons to innocent civilians via mosquitos. Mosquitos kill more people than any other animal, and he wants to make them more deadly.
I actually think there is such a thing as too rich. Once you get past a certain point of wealth, you start getting bored. You can buy whatever you want, you can live multiple lifetimes in luxury without having to work. What else is there to do?
Humans weren't designed to live a life without needs or suffering. I think being a billionaire actually drives people mad. Every time I read a biography about a billionaire or the equivalent wealthy man in history, they never behave like they are a part of their own community. They don't try to uphold the values of their community, or the traditions, etc. They use their wealth to try to change things. To change society into what they think things ought to be. Being a billionaire seems to turn you into a libtard. Billionaires lose their humanity because their wealth shields them from having to be human.
When was the last time you heard of a billionaire having to worry about losing their home, or their job, or getting mugged on the subway? The last time a truly wealthy man had to worry about such things was probably the wild west, and even then he could afford an armed escort. Their wealth literally separates them from their fellow man.
I think being a billionaire actually drives people mad.
You can tempt a man with sin, you can tempt a man with wealth, but give him power, and you will see the evil of his heart.
It is the very nature of man to use our power to shape our environment. We all do it within the limits of our power. A poor man can do good by raising his children right, or he can rob, steal and abandon. The limits of his power set how far his influence may spread.
The greater the limits on his power, the greater evil he can accomplish. Unfortunately throughout history, there have been very few checks on the evil of powerful men. One can only use our limited power to support those few good men who have more power than us.
Yea, I don’t hate the rich either and you make some good points. People who say we need a wealth tax or limits on wealth in the name of helping the poor are disingenuous. If you want to help the less fortunate i guarantee you can find opportunities to do so pretty close to home. Also don’t trust the govt to use any extra tax money responsibly
Loans need to be paid back. They have to either have income or sell assets to have the money to pay the loan back, presumably with interest. Both of those are taxable events. Stock-collateralized loans don't net tax-free money.
What we really should do is crack down on NGOs and "charitable foundations" that are being used as tax shelters, almost exclusively by the wealthy while either doing nothing or actively destroying society. But the left would never agree to taxing that wealth because it's how they exercise power.
Post I made a year ago: https://kotakuinaction2.win/p/199536Gk9I/reading-into-the-diddy-case-i-at/c/
Thinking about things as a whole, the impeding crash of the auto industry because of the spiked prices during COVID continuing to exist to this day, the fact that repossessions are at the highest rates they've been since the 08 recession, inflation, the prices of groceries, I completely understand the sheer hatred of excess opulence, but at the same time, it also makes me a lot more retrospective because of it.
Like is there such a thing as 'too rich'? I personally don't think there is, but I do think that for example, the ability for the uber wealthy to take out loans using their stocks as collateral instead of paying cash for certain purchases is somewhat of a problem, because that loan doesn't count as income to be taxed, but I'm not sure what the implications would be on regular people if such a thing would be eligible for taxation.
The primary reason why I hate the idea of general increased taxation is that I don't trust the government to do anything other than dump it into the military industrial complex. I don't hate the rich, nor do I love the rich, I just understand that the wealthy are who run society so I just have to figure out how to deal with them, albeit so many wealthy people are incredibly out of touch with how the normal person lives.
I don't hate the concept of rich people. It is that the people I hate happen to be rich. I hate them because they use their wealth not even for their own personal benefit, but for the active detriment of their own society.
I don't give a shit if Bill Gates has 40 Lamborghinis. I give a shit that he is funding an effort to deliver bioweapons to innocent civilians via mosquitos. Mosquitos kill more people than any other animal, and he wants to make them more deadly.
I actually think there is such a thing as too rich. Once you get past a certain point of wealth, you start getting bored. You can buy whatever you want, you can live multiple lifetimes in luxury without having to work. What else is there to do?
Humans weren't designed to live a life without needs or suffering. I think being a billionaire actually drives people mad. Every time I read a biography about a billionaire or the equivalent wealthy man in history, they never behave like they are a part of their own community. They don't try to uphold the values of their community, or the traditions, etc. They use their wealth to try to change things. To change society into what they think things ought to be. Being a billionaire seems to turn you into a libtard. Billionaires lose their humanity because their wealth shields them from having to be human.
When was the last time you heard of a billionaire having to worry about losing their home, or their job, or getting mugged on the subway? The last time a truly wealthy man had to worry about such things was probably the wild west, and even then he could afford an armed escort. Their wealth literally separates them from their fellow man.
You can tempt a man with sin, you can tempt a man with wealth, but give him power, and you will see the evil of his heart.
It is the very nature of man to use our power to shape our environment. We all do it within the limits of our power. A poor man can do good by raising his children right, or he can rob, steal and abandon. The limits of his power set how far his influence may spread.
The greater the limits on his power, the greater evil he can accomplish. Unfortunately throughout history, there have been very few checks on the evil of powerful men. One can only use our limited power to support those few good men who have more power than us.
Yea, I don’t hate the rich either and you make some good points. People who say we need a wealth tax or limits on wealth in the name of helping the poor are disingenuous. If you want to help the less fortunate i guarantee you can find opportunities to do so pretty close to home. Also don’t trust the govt to use any extra tax money responsibly
Loans need to be paid back. They have to either have income or sell assets to have the money to pay the loan back, presumably with interest. Both of those are taxable events. Stock-collateralized loans don't net tax-free money.
What we really should do is crack down on NGOs and "charitable foundations" that are being used as tax shelters, almost exclusively by the wealthy while either doing nothing or actively destroying society. But the left would never agree to taxing that wealth because it's how they exercise power.