Tell me Why We Shouldn't Raise Taxes on the Wealthy?

There's literally no reason not to raise taxes on the wealthy

>b-b-b-but muh wealthy will invest their money
And? Isn't the government taxing their money and paying off the national debt also an investment, although this investment is for the country

>b-but muh wealthy worked for their money
They inherited it or got their position through getting into a good school, nothing to do with work

>B-b-b-but muh wealthy will leave
Unless they go to another U.S territory they will have to convert their money, in order to do that they must sell their USD for another currency. If so whoever buys that currency will obviously use it for buying or investing in America. If the wealthy stayed and spend money in America and if they left but converted their money would be the exact same result.

Other urls found in this thread:

tagesanzeiger.ch/zuerich/region/der-wegzug-eines-multimillionaers-bringt-ein-dorf-ins-schleudern/story/19971563
investopedia.com/terms/n/national-currency.asp
en.m.wikipedia.org/wiki/Offshore_bank
wsj.com/articles/the-gops-tax-the-rich-temptation-1507487704
youtube.com/watch?v=QX-6Gxx0gTA
twitter.com/NSFWRedditGif

rich people give poor people jobs.
rich people invest in small bsiness.
bill gates, steve jobs, oprah. none of these multi billionaires inherited weaptj.

wealth*

sage for not knowing economics 101

>rich people give poor people jobs
Enjoy your ban, I'm having you banned for not knowing basic economics, also your shitpost sucked.

It's their money and taking it is theft
Taxing is justified, if there is a dire need for certain public services that benefit the whole nation. Playing world police and subsidizing welfare queens is not necessary public service. Thus there is no justification for rising taxes for anyone.

You don't think 20 trillion in debt is a reason to tax? LOL

They already pay enough taxes faggot, lower spending.

It’s too late anyways, next crash the FED won’t be able to save us and we are gonna have negative interest rates and/or hyper-inflation

All these responses are well and fine except they miss the point that they mostly miss the meat of the issue.
Although I agree with muh theft the real problem with crazy taxation is because it wrecks the economy. Billionaires can only spend so much money on themselves (they literally have more money than they can spend) so you're effectively taxing investments into the actual economy to instead be wasted on being Israel's attack dog and other such nonsense

Because no matter how high you raise them, they wont be paying money to the government for your stupid wasteful welfare programs. They'll get tax write-offs from their business, or donate to a charity slush fund that they or an associate personally benefits from.

>why one shouldn't rob the 1% to give gibsmedat to the poor
oh, I can tell you why:
>Multimillionaire pulls away: town gets in trouble
>In Hombrechtikon (Switzerland), 20 per cent of the household (CHF -9 millions) have suddenly broken away. The municipality straps the belt more tightly and hopes for newcomers.
So much for the 1%.
>When a man like him (74-year-old multimillionaire and sports sponsor Andy Rihs, who is one of the 100 richest Swiss) moves away, it does not pass without a trace.
>In the budget for the current year the Hombrechtiker financial administration had expected tax revenues of some 29 million Swiss francs. However, the provisional overview showed at the end of August that the estimate of tax revenues, especially those from earlier years, is much too high. Only 20 million francs, or 9 million less than expected, will be received this year.
sauce: tagesanzeiger.ch/zuerich/region/der-wegzug-eines-multimillionaers-bringt-ein-dorf-ins-schleudern/story/19971563

Lower taxes and lowering spending = deficit

Taxation is an investment, so if you love investment you should want more taxes. I explain that in my post

>National socialist
>Nationalist
>Thinks taxing rich to pay off the debt and make the nation strong is not a good idea
You aren't a nationalist.

So you think paying off the debt is a bad idea? You think taxing the rich to defend your nation when you're being invaded by a foreign power is bad? You're a traitor.

eat dick faggot

>taxing internal production
completely retarded

>paying jews for stealing your money
Uh no thanks.
How about instead of paying that retarded debt we just take over the world, kill all the bankers and de facto nullify the debt. Then outlaw usury forever.

It's literally impossible to pay off the debt.

Because trickle down economics isn't a meme. The response will be mass layoffs so they can maintain profit margins

What else are you suppose to tax RETARD?

No it isn't. You just need some disipline

>No it isn't. You just need some good old stagnation
wew lad

Friendly reminder that any gop tax plan is a tax cut for the rich even when it's not.

You're a retard, stagnation doesn't happen if you don't increase the money supply

Yep.

>What else are you suppose to tax RETARD?
foreign goods and maybe vices

>No it isn't. You just need some disipline
No, we need to start canceling debts and telling our creditors to ΜΟΛΩΝ ΛΑΒΕ.

>costing
It doesn't cost anyone a penny. Tax cuts don't need to be paid for unless you assume that the government owns everything you earn and anything you keep is just a gift.
>There's literally no reason not to raise taxes on the wealthy
Taxation is theft. That's reason enough.
>paying off the national debt
>implying the government will pay its debts
>implying the government won't just spend the money on more pork barrel and gibsmedat spending
>They inherited it or got their position through getting into a good school, nothing to do with work
Doesn't matter how they got it. Unless they stole it, they own it.

So what happens when they don't like how much they're being taxed and leave by using all of their money to get away? What then?

>foreign goods
Literal protectionism

>no we need to start cancelling debts
No we don't. That's dumb

Well they can't really, you can't spend USD in other countries unless those countries, in which case America gets to export more.

no more gibsmedat means revolution baby

and how do you think they got into a good school?oh yes, that is right, work
>implying debt is bad
our founding fathers wanted us to be in debt you economically illiterate nigger
and we didn't have any taxes at all until 20th century, we just had tariffs, but of course you conveniently ignore that fact

Proof?

Take a class on economics

>and we didn't have any taxes at all until 20th century, we just had tariffs, but of course you conveniently ignore that fact
Holy shit you're economically illiterate, I'm not even going to bother talking to you

investopedia.com/terms/n/national-currency.asp

>polish
>economically illiterate
Checks out.

This is the only time I take a left leaning stance. I don't want tax cuts for the rich because it will make them more wealthy or something. That would be just fucking stupid. If they have more money that means they have more money to give when it comes to employment. The reason I don't want tax cuts for the wealthy is because that means a (((KIKE))) will get more money as a result of tax cutting.

Every country is happy to take USD wtf are you high?

Ever heard of an offshore account? People spend money in other countries extremely easily and liberally if they are wealthy.
en.m.wikipedia.org/wiki/Offshore_bank

>A rich person who has his company and production in your nation and is giving ordinary citizens employment and the state revenue via the taxes of the employees is EXACTLY the same as a rich person having made his money on stock market gamebles / manipulations, foreign wars, the collapse of entire nations and insider trading.

>We should not discriminate between these types of wealthy people and introduce high taxes and possible stricter criminal laws on the ones making money purely through destructive/thieving methods.

And this is why democrats are scum. (With a huge chunk of their bedfellow Republicans as well see. Bush dynasty.)

because wealth doesn't come via w2 you stupid fucking lefty faggot. raising taxes only effects people that play by the rules and don't have the means to set up the various financial constructs necessary to avoid being pillaged by taxation

>Literal protectionism
No shit. That's what America was built on.

>That's dumb
No it isn't. For instance, take China. China is our enemy. China contains over a billion hostile barbarians who are actively colonizing Africa and every white country. We should not be giving the Chinese any money or goods if we can avoid it, which we absolutely can. We need to erect massive tariffs against Chinese production/shipping, cancel all debt to China, ban foreign aid to China, and expel all "people" of Chinese descent from America. The object is to cripple their economy and privilege our own. Until we start engaging in serious protectionism, America is not a serious country.

Well then that means the USD has such high demand it doesn't matter if they leave. That money will eventually get back to the US

Employment is bad, unless your making 150K a year as a financial advisor employment is just modern slavery

Yeah, and then they spend it back in the U.S, eventually the money comes back to the U.S

I'm in University and I want to be a investment banker, I consider what i do way more useful than some bourgeois who forces people into wageslavery.

>raise taxes on people with money
>people with money leave and move to other nations
>no one left to pay for gibs
>become failed state

The onus is on you to prove why we SHOULD tax the wealthy more than less wealthy people.

Explain what is fair and democratic about charging the rich more in taxation.

>you can't spend USD in other countries
lol yes you can, and more easily the more dollars you have

We really need to start looking for an answer to the liberal question.

Because it has been proven that the wealthy just pick up and leave and go somewhere with lower taxes. You retards think that the wealthy lack the resources to move whenever they want. They aren't like the middle or lower class that struggles to make house payments.

They can re-locate tomorrow if they wish.

What you are advocating is jingoism and racial hatred. I'm not a fan of China but what your arguing is pure fascism. Tariffs should only be used for political reasons

>people with money leave
Good

>no one left to pay for gibs
If you don't tax the rich, there won't be anyone to pay for it anyway

Because the rich have more money and need to spend a lesser percentage of it on consumption. They have money leftover to invest, we need to take that money since they aren't using it to sustain themselves. It's not fair because if we tax everyone at 10% they'd be left with a higher percentage afterwards

Well the money will eventually end up in the U.S again

>taxation is an investment

I don't know whether to laugh or scream.

In addition, not all countries have a limit on it unless it's money being transferred over physically on a public plane. I mean, money laundering can easily make someone transfer their money if they open an "international online startup" and funnel all their money into it, or if they invest in a currency. So what then? What does your plan do if all of the rich leave from taxes? It collapses. You have to keep taxes in a placr that's fair but also productive, or those that rather dislike that idea with money can just leave. Your only argument is that "Y-Yeah, they'll come back eventually! That'll show them!" Citation needed.

>Because it has been proven that the wealthy just pick up and leave and go somewhere with lower taxes
Good, maybe they should take their money and fuck off

>I want to be a investment banker
If that's true you deserve to be killed.

Tell me why we shouldn't equalize the wealth from whites to non whites.

So can they leave or can't they? Make up your mind.

>hurr dur I reported u for annoucing ur sage LOLOlolOOL
your're a gigantic tool, and a massive faggot. Congrats!

How is the rich receiving a tax cut costing taxpayers money?

debt to WHO YOU STUPID FUCK. WHO IS GOING TO COME COLLECTING, AND FROM WHOM? FROM YOU AND ME PERSONALLY? FUCKING KILL YOURSELF YOU WORTHLESS WASTE OF SPACE

checked. even a Democrat wants you to KYS faggot.

>wealthy person

thank you based political cartoonist

>Latinx
Kill him, then me.

>Glass of champagne
>Fistful of money bills
>Suit
>Necktie with dollar signs on it
>Still need to put a sign saying "wealthy person" on the man to point out he is rich

The absolute state of leftard cartoonists

The problem is that the people who claim to support tax raises on the rich also support mass immigration.

I'd rather we tax the rich a bit less and get fewer social welfare benefits than accept millions of more immigrants.

That extra $500 in welfare the Democrats throw your way is nothing compared to the hyper-inflationary effects immigration causes to vital services and products like healhcare, housing/rent, and education.

>taking money and paying off the debt so your nation has to pay less interest every year isn't an investment
I am laughing at you

They can leave but that problem will fix itself when they start spending money in this other country

Shut up

That's racist

No im not giving you a source. USD has value BECUASE America has so many goods and servicees, if people didn't want to buy American goods and services the USD would not have value. The very fact that American money USD has values proves that people want to buy American.

Go ahead. The world is awash in capital. So much capital is concentrated that only mass inflation can solve the wealth disparity problem.

Because taxes are a meme for the government to suck money off the rich and the middle and give to their own interests.

Let them keep their money, nobody else is entitled to it, that's socialist bullshit.

Because that money won't go towards paying down the national debt meaning we have to pay more interest every year

No one is going to collect the debt, but they will ask for interest every year, dumbass

That was me, i changed my flag so people wouldn't just say "democrat Hillary bernie marxist"

you have to make it abundantly clear so your retarded readers can understand the propaganda fully

Taxes go to the central bank shareholders, not the government.

It's not coincidence most banks lean to the left. You'd think they'd endorse politicians against their own interests?

My dad wears a suit, drinks champagne, deals with lots of money (investment banker) and he is farrrr from 1% tier rich. Today the working class wears suits and ties as well.

>What you are advocating is jingoism and racial hatred.
Jingoism implies warmongering; the Chinese do not have the ability to wage war on America.

>Tariffs should only be used for political reasons
In a multiracial society, all politics is racial.

>Well the money will eventually end up in the U.S again
Assuming that happens, the rich will raise their children abroad and make their fortune in renminbi or Euros or dirhams or riyals, unless we destroy the economies of the countries they would flee to.

>wealthy person
Kek, yeah the bills and champagne really didn't convey that. Hou know you're a shitty cartoonist if you have to label like this, Zyklon Ben is the exception that confirms the rule.

because you fucks already get plenty of tax gibs and you absolutely do not need more.

Use the money to payy off the debt

So paying off the debt making your nation independent is socialist bullshit? HAHA eisenhower would laugh

>Jingoism implies warmongering; the Chinese do not have the ability to wage war on America.
It's punishing a foreign people for the actions of their government

>In a multiracial society, all politics is racial.
No it isn't. In a society with different hair colors does everything have to be about hair color?

>a literal historical illiterate
fucking kill yourself you autist

>thinks you can't spend USD in other countries
>calls others economically illiterate

The only possible way you could ever benefit the human race is by becoming an organ donor.

My dad looks exactly like that and loves champagne and is far from rich. It was just trying to show

Yet you want to give free money and handouts to the wealthy people. LOL, hypocrite much.

>No one is going to collect the debt
Then we should stop paying.

Does he regularly hold a bunch of dollar bills in his hand and does he wear ties with dollar signs on it?

Holy shit you're literally historically illiterate. That chart shoes exactly why tarriffs are shit, look how little taxes they pay

>They can leave but that problem will fix itself when they start spending money in this other country.
What the fuck? That doesn't even make fucking sense, they go live in some place that values them, put their money in an offshore tax haven, and how does that do anything?
>Not giving you a source, just trust me goy
American currency has also skyrocketed in value because more goods and services are being used here, more jobs, more faith in the currency, and, guess what, more benefits for the wealthy so they invest in American jobs and currency so the trust in it goes up. In your theoretical, taxes go high, they leave, that money leaves the US, it has less faith in it, less jobs and less intrinsic value. How does that make sense?

>the rich won't leave because of their dollars

Rich people don't keep their wealth in dollars you dumbfag. They have it in assets, usually stock. Thinking they are liquid shows that a retarded teenager you are.

>paying off the debt is good
no it's not you fucking economic illiterate, read about why many of our founding fathers wanted us to have debt

>rich people invest in small bsiness.
And they made it illegal for me to do the same, thing. So fuck em.

Concentration of wealth is not only terrible for the worker it's extremely dangerous for the nation. As we can see. Taxing income won't touch the people sitting on tens of billions.Taxing wealth through inheritance taxes isn't much of a solution either. There's only one solution. Inflation. Either the government prints money and buys up land/businesses or the government prints money and distributes it to public employees, families, everyone, etc. One country can't go down this path all developed countries will have to do it at the same time.

Tough situation we're in.

We are Trumps tax plan will effectively raise taxes on all those $150,000 plus households in places like LA County. Also it appears the rich support democrats.

So what are we using this money on that isnt some gib program or some shady government funded organization.

My father has spent thirty years of his life to be a medical doctor with a good position.
He pays half his income to taxes.
That's bullshit and you know it.

You are economically illiterate

Well then the economy would crash

He unrionically does when he goes to parties but it's as a joke. The tie was for a joke but he sometimes does wear it when he goes to work.

The debt doesn't need to be paid off. It's a made-up problem by the central bank to convince people to pay higher taxes.

The central bank tells us to pay higher taxes or it won't loan to us anymore. They should go fuck themselves. We should nationalize our central banks.

>It's punishing a foreign people for the actions of their government
Are you implying there's something wrong with that? What is a nation-state, paintlicker?

>In a society with different hair colors
You know very well race is more than skin color. Don't be obtuse.

It's immoral you fucking nigger

You know that since the start of the thread the US national debt increased more than you'll ever make in a decade? The only way to pay that shit off would be to cut all the retarded social programs and the military spending, without causing a nationwide riot.

Gl hf with that.

www.usdebtclock.org

You leftists laugh about trickle down economics, the irony of your position is that your tax rate hikes are what trickles down.

>Well then the economy would crash
Meh. I have guns and goods, and I want urban retards to die. I don't see the problem.

wsj.com/articles/the-gops-tax-the-rich-temptation-1507487704

try again u lazy leftard

You assholes are the lowest form of scum. You pretend to want to help people but you're just a lazy piece of shit and so stupid your only imagined solution is "let the government do it no questions asked." Girls think you're a pussy faggot too.

>What the fuck? That doesn't even make fucking sense, they go live in some place that values them, put their money in an offshore tax haven, and how does that do anything?
Alright, hold on im going to answer both your statements

>leave, that money leaves the US, it has less faith in it, less jobs and less intrinsic value. How does that make sense?
So if money leaves the U.S, print more of it. If money leaves your economy, and you print money to make up for it, you will not cause inflation since the money supply in America stays the same.

You're a retard most rich own assets like property and stocks and bonds, in AMERICAN USD. You're a retarded moron. American property sells on American markets for USD, idiot.

They wanted debts for political reasons, being in debt to england so they wouldn't invade us. You're such an economic illiterate it's not even funny.

You pay for the entire Chinese military and then some. Half a trillion in interest payments are issued by your government every single year. And you say the debt doesn't matter. Before you harp on about how 40% of American debt is owned by Americans. Yes. Countries own the majority, then wallstreet, then multinational corps, and the final 10% are held by individual Americans. The majority of this 10% are held by the super rich in their portfolios.

youtube.com/watch?v=QX-6Gxx0gTA

>mfw a lefty thinks it's such hardship to be poor in the modern day west and proposes communist policies to "help" them

stop moving the goalposts autist.
in post , you said that I was "economically illiterate" because I claimed that the US had no taxes until the 20th century, just tariffs, but then once I proved that my statement was true in , you doubled back on yourself and said that yes, America had only tariffs, but they were shit so it doesn't matter anyways. Stop your self-contradictory, excuse-making bullshit. Pick a position and stick to it.

Oh all of a sudden NOW you care about the debt you slimy Jew nigger!

What? You do realise the "1%" includes people who makes only 200k before taxes. Plenty of these CEOs, small business owners, fund managers and investors made their money through hardwork. You are probably so economically illiterate you think CEOs are "Capitalists." And not wage earners. I know firm partners and stock brokers who fought their way to the top from the bottom. In fact it was the sharkiness of their poor upbringing that often has propelled them ahead of my own career. All you are attempting to create is a society that insentivizes victimhood over perseverance and the scary thing is it is working.
>tl;dr OP is a faggot

I explained that already many times, paying off the debt

Your father should be lucky he got to be a doctor in the first place and should be paying MORE, its bullshit he only pays half and you know it

>The debt doesn't need to be paid off
Obviously the 20t doesn't need to be paid off, although if you default it will take down wallstreet and your multinationals. The point is you pay half a trillion in interest, almost entirely to foreign countries and massive American corporations.