U.S. Senate Democrats on Tuesday blocked a Republican effort to win quick approval for a bill providing emergency aid to Israel that passed the House of Representatives last week, but that provides no assistance for Ukraine's war against Russia.
I’ve said this for a long time, but we don’t even need to make radical changes to the tax code. I bet if we fix the loopholes so that companies can’t avoid paying the (21%) tax they are SUPPOSED TO BE paying with clever accounting, the extra $8+ billion annually would move mountains.
There should be a tax on stock. Not when sold, not on dividends. On stock that’s stockpiled. 1% of the current price per share per quarter. All of these billionares live off of loans against their stock as collateral. And most of them have millions of shares in their corporations. Musk owns around 199 million shares of Tesla, for example. Want to be obsecenly rich? Pay the fuckin’ piper.
Yeah exactly. Stocks are tricky since a lot of retirement investment makes use of them. It’s also smarter to put some of your money in an investment account to grow it, vs in a savings account.
It’s easy to exclude retirement, just make 401k and IRA exempt if you’re actually using it properly. Individual investment accounts are trickier, especially since they’re useful to keep your savings ahead of inflation. Maybe here, you apply an either/or tax. If your income from typical sources is higher than your gain in investment value, then it’s fine. But if your personal investment account value increases more than your income, you get slapped with taxes.
And for the love of God, make it illegal to use property like stocks so we can actually afford homes.
Also remove the restrictions on multi use zoning. Housing scarcity is entirely artificial in most locations. If the pressure valve was released prices would stabilize.
There should be a tax on stock. Not when sokd, not on dividends. On stock that’s stockpiled. 1% of the current rate per share per quarter.
By the time you are 65, it is suggested to have built up enough investments that you can withdraw 5% annually and cover all your expenses. If you need to cover $40k in annual living expenses, that is $800k in built-up investments for retirement. A 1% tax on that per quarter is an annual $32k tax on this middle class individual. That’s a devastating level of taxation that completely kills any possibility for middle class people to invest for retirement.
Wanna gamble? Pay the fucking price. I don’t give two shits about anyone’s dividends. I literally couldn’t care less.
You’re deliberately ignoring what I said, and basing these percentages on some average that means nothing. And you know I’m not talking about Average Blue Collar Joe’s “investments.” I’m talking about multi-multi millionaires and billionaires. They want to be obscenely, disgustingly, filthy rich and bribe politicians in our society? Fucking pay.
It isn’t truly just about Ukraine. Ukraine is a stepping stone for Moldova and Poland. The goal is to get control of Moldova, Romania, Poland, Latvia, Lithuania and Estonia militarily or other means (Remember when US tried to stop invasion of Ukraine putin gave considering to expel those countries from NATO? This is why)
If Ukraine fails the war will still happen, it will be just on NATO territory.
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We can do both easily if the rich and corporations start paying what they should.
They got you bamboozled into thinking we cant.
I’ve said this for a long time, but we don’t even need to make radical changes to the tax code. I bet if we fix the loopholes so that companies can’t avoid paying the (21%) tax they are SUPPOSED TO BE paying with clever accounting, the extra $8+ billion annually would move mountains.
https://itep.org/55-profitable-corporations-zero-corporate-tax/
Not that radical changes to the tax code aren’t also a good idea.
edit: grammar
There should be a tax on stock. Not when sold, not on dividends. On stock that’s stockpiled. 1% of the current price per share per quarter. All of these billionares live off of loans against their stock as collateral. And most of them have millions of shares in their corporations. Musk owns around 199 million shares of Tesla, for example. Want to be obsecenly rich? Pay the fuckin’ piper.
Just as long as we exclude retirement accounts. There’s already punishments if you try to use it for other purposes.
Fair enough. As I said, this is about billionaires gaming the system, not the average blue collar citizens.
Yeah exactly. Stocks are tricky since a lot of retirement investment makes use of them. It’s also smarter to put some of your money in an investment account to grow it, vs in a savings account.
It’s easy to exclude retirement, just make 401k and IRA exempt if you’re actually using it properly. Individual investment accounts are trickier, especially since they’re useful to keep your savings ahead of inflation. Maybe here, you apply an either/or tax. If your income from typical sources is higher than your gain in investment value, then it’s fine. But if your personal investment account value increases more than your income, you get slapped with taxes.
And for the love of God, make it illegal to use property like stocks so we can actually afford homes.
Well said. 👍
Also remove the restrictions on multi use zoning. Housing scarcity is entirely artificial in most locations. If the pressure valve was released prices would stabilize.
By the time you are 65, it is suggested to have built up enough investments that you can withdraw 5% annually and cover all your expenses. If you need to cover $40k in annual living expenses, that is $800k in built-up investments for retirement. A 1% tax on that per quarter is an annual $32k tax on this middle class individual. That’s a devastating level of taxation that completely kills any possibility for middle class people to invest for retirement.
Wanna gamble? Pay the fucking price. I don’t give two shits about anyone’s dividends. I literally couldn’t care less.
You’re deliberately ignoring what I said, and basing these percentages on some average that means nothing. And you know I’m not talking about Average Blue Collar Joe’s “investments.” I’m talking about multi-multi millionaires and billionaires. They want to be obscenely, disgustingly, filthy rich and bribe politicians in our society? Fucking pay.
#fuckyourdividends
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Isolationism doesn’t work. It just means Ukraine gets overrun in Russia’s war of conquest.
It isn’t truly just about Ukraine. Ukraine is a stepping stone for Moldova and Poland. The goal is to get control of Moldova, Romania, Poland, Latvia, Lithuania and Estonia militarily or other means (Remember when US tried to stop invasion of Ukraine putin gave considering to expel those countries from NATO? This is why)
If Ukraine fails the war will still happen, it will be just on NATO territory.
https://youtu.be/M6tsp4mFix8