politics
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
view the rest of the comments
I don’t get how you poors don’t understand that money is a zero sum game. Allowing one person to acquire all the resources leaves less for everyone else. It makes it harder to open up businesses. It’s stealing your American dream one rari at a time
No, many rich people like Musk have businesses which of course employ people.
And if that money were elsewhere, would that mean that more, less or the same number of people would be employed? And would the political system be more or less stable?
Because right now, you're looking at one side of an equation but not the other.
From https://www.economicshelp.org/blog/218017/economics/wealth-tax-pros-cons/
Cons of a Wealth Tax Difficult and costly to administer Valuing assets—especially private businesses, art, land, intellectual property or complex portfolios—creates high administrative burdens and legal disputes. This is a major reason many countries abolished their wealth taxes. Capital flight / avoidance High-net-worth individuals may move assets abroad, change tax residency, restructure ownership or exploit legal loopholes. This could significantly reduce expected revenue. Liquidity issues Wealth is not the same as cash flow. Someone with a valuable home but low income may struggle to pay an annual wealth tax. This raises fairness and practicality concerns (“asset rich, cash poor”). Potential impact on investment A tax on wealth reduces the net return to saving and investing. Critics argue it could discourage entrepreneurship, risk-taking and long-term investment if not designed carefully. Double taxation concerns Assets have often already been subject to income tax, corporation tax, capital gains tax or inheritance tax. A wealth tax may be viewed as taxing the same money multiple times. Limited success internationally Many European countries (e.g., France, Sweden, Germany, Denmark) scrapped wealth taxes because they raised little revenue relative to their administrative and economic costs. Only a few (Norway, Spain, Switzerland) still use them, often with significant exemptions and little revenue raised (e.g. Spain just €3bn).
Ya a wealth tax is a horrible idea. I preferred the Donald Trump method of nationalizing 10 to 30% of the corporation.
Exactly… a public company. So you can actually go look up how Megger your wages are compared to the profit. You can see how predatory the financial structure of the company is. You can also directly see that it is a black hole for And has returned very little to society compared to the amount of money that has gone in.