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   Trivial Einstein (intransitivelie@beige.party)'s status on Saturday, 04-Jan-2025 00:41:17 JST Trivial Einstein

   My "actually tax the rich" plan is often criticized by people who don't understand taxation. See, they think, "If you tax the rich at a top marginal rate of 95% then after a couple of years you won't have any rich people anymore," because they've been getting AIE's mailers. No, you simple people, if I tax the rich at a top marginal rate of 95%, they just won't get richer quite as quickly because, all together now, INCOME TAXES TAX INCOME NOT POSSESSIONS. It's right there in the name.

   We could tax the ever-living fuck out of rich income and those bastards would still be just as rich as they always have been. In fact, since, repeat after me, THE TOP MARGINAL RATE ONLY APPLIES TO INCOME WHICH EXCEEDS THE TOP MARGIN, their total income wouldn't even be taxed at that rate, which is, again, literally in the name. So they could make a buttload of money which would be taxed at a lower rate, and only income which exceeded a fairly ludicrous amount would be taxed at close to but not 100%.

   How is this even something that I keep having to debate with people who are in so little danger of having their income taxed at that rate that they might as well be just as poor as I am for all the effect it'll have on their lives? I promise you, the ultrawealthy are not going to pay you to defend their wealth. You're not a tax lawyer or politician.

   Now, I also happen to believe that we should seize rich people's property and distribute it to the poor, but that's not a tax plan and that's basically what you fucking temporarily-inconvenienced millionaires are forcing me into because you don't want a fairly modest proposal with regard to income taxes. Seriously, I get that you think I'm being unreasonable, but it's getting to the point where it's my plan or guillotines. I'm not advocating guillotines, but you're forcing the issue.

   Meanwhile, the ultrawealthy are laughing their asses off at you. You don't even understand how taxes work. You're not going to get rich that way. And you should probably look up what happened to the middle class after the Russian Revolution. I'm not threatening you, I'm warning you: people don't stop eating the rich once they get a taste for it.

   • Alexandre Oliva (moving to @lxo@snac.lx.oliva.nom.br) likes this.
   • Rich Felker repeated this.
   • Embed this notice
     KindlyWizard (kindlywizard@girlcock.club)'s status on Saturday, 04-Jan-2025 00:41:16 JST KindlyWizard

     in reply to

     @intransitivelie I worked for a tax software company, as the trainer for our seasonal contractors, and I literally taught them way more than they needed to know about how the marginal part of that name works so they would know they were being deliberately lied to by the rich.

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     pettter (pettter@mastodon.acc.umu.se)'s status on Saturday, 04-Jan-2025 00:58:07 JST pettter

     in reply to

     @intransitivelie Wealth tax used to be a thing, and should be a thing again.