I think we all saw that coming.
orcrist
There are already large numbers of treaties in place for countries to cooperate in tracking down tax evasion. It might not be as expensive as you think. If you think of it from a practical standpoint, we have lists of the richest people in the world. That's an excellent starting point, isn't it?
If some billionaire is claiming that they actually aren't a billionaire, and that the lists are wrong, when some government is trying to tax them at an exorbitant rate, it's likely that they will give all of their banking details to said government to prove it. Or they will hide those banking details, and they'll be forced to pay the taxes.
In point of fact, mark to market taxation already does exist for various individuals and certainly for large numbers of businesses. Your long comment suggests that you don't know what that is, and if you're interested you could read up on it.
The short story is that depending on the situation, a person or a business might pay taxes each year on the value of their assets, assuming said assets had been purchased on January 1st and sold on December 31st, even though in reality nothing was bought or sold. This system is already in place in various ways. It exists. There's no theoretical problem with expanding it.
Of course that's not true. We have data from around the world showing it's not true. It's not even true within the United States if you look at state taxes.
Why are you arguing against reality? In the world today, some states and countries tax the rich at higher or lower rates than other states and countries, and it's certainly not true that the rich all leave the high tax rate places. The data doesn't lie. You can argue about why they don't all leave, but the facts are there for you to see.
You don't need uniformity around the United States or the world in order to tax the rich effectively. But people like to say what you said, so that you don't even try to tax them.
But I think it would be fun to run an experiment. Why don't we jack up taxes on the ultra-rich across the United States. If the ultra rich move to Venezuela, then all of the savings they have in the US stock market will be taxed at an even higher rate and we will actually get more money from them. And if they were working any cushy CEO jobs, those jobs will now be open for other American citizens, and I'm sure there were plenty of people willing to apply... Of course it doesn't have to be the US. Pick any country, try the same experiment, and get back to us.
You can rely on whatever you want, but we all remember what we watched happen on TV. I'm not sure where you're trying to go with this.
Biden had a very weak presence his entire presidency. On occasion I think he actually did okay things, but you almost never heard about them because he did such a bad job of bragging about it. And the same is true for Harris.
Obviously there are many reasons why people win and lose presidential elections, so you don't get to blame one person for 150 million votes or whatever it was. But if you were choosing people to put at the top of the list of who made a significant difference, I think you would say that Donald Trump and Joe Biden are way up there.
I just don't see any reason he should have had the fireside chat. It's not like he needs to call Trump names on the way out the door, but to pretend that there's any kind of respect from Trump to the Democrats, that's just more of the same b******* that got the Democrats here in the first place. The fact is that Donnie and his hooligans don't give a damn about human decency.
I think you have the wrong perspective. Reddit is garbage and it took itself out of your life, which is about all you could ask garbage to do.
Yeeeeeeeaaaaaaaaaahhhhhhhhh!!!!
I really don't care if he's a coward. F*** that guy. It's people whose lives are being destroyed or ended, who will never get their homes or their loved ones back, those are the people that I'm concerned with. That's Biden's legacy, the fact that he just doesn't value their lives at all.