She is the first woman — who, moreover, is neither a Rothschild by blood nor Jewish — to lead the main bank of the legendary financial dynasty. She warns that a stock market bubble is forming: ‘Valuations are very high’
I get the joke but seriously, I couldn’t care less how much money they hoard if it wasn’t desperately needed elsewhere. Taxing the rich is neither for shits and giggles nor for the sake of it.
Edit: man, I wish I’d learn to keep my stupid mouth shut instead of always inadvertently provoking misunderstandings.
Taxing the rich is not just “oh we as a society want money to do things, so let’s take that money from the people who have it”.
Taxing the rich is about removing the incentives that wealthy people have to seek out and hoard more wealth. Get them to stop trying to control everything and seek rents. Convince them to just be satisfied with being, in 2025, a USD hundred-millionaire. Force them to enjoy an early retirement.
Well yes. But the person I responded to implied they’d be in favour of taxing the rich even if the money wasn’t needed elsewhere - in this hypothetical, utopian case I wouldn’t give a shit about their taxes. (Again, I know they were being facetious, I’m just mad at this woman right now and don’t want to see the humour in it)
It’s not a joke. Taxes on the rich should be raised because excessive wealth and income inequality is bad for society. If the government doesn’t need it for any particular project it should be redistributed evenly across the society.
No, even if we just destroyed their wealth, it would be helpful because they would no longer be bidding up scarce resources like land, corrupting our politics, etc.
If it’s on the rich, I do.
I get the joke but seriously, I couldn’t care less how much money they hoard if it wasn’t desperately needed elsewhere. Taxing the rich is neither for shits and giggles nor for the sake of it.
Edit: man, I wish I’d learn to keep my stupid mouth shut instead of always inadvertently provoking misunderstandings.
Taxing the rich is not just “oh we as a society want money to do things, so let’s take that money from the people who have it”.
Taxing the rich is about removing the incentives that wealthy people have to seek out and hoard more wealth. Get them to stop trying to control everything and seek rents. Convince them to just be satisfied with being, in 2025, a USD hundred-millionaire. Force them to enjoy an early retirement.
Who’s joking?
I want to see billionaires taxed out of existence.
That’s kind of the point no?
Well yes. But the person I responded to implied they’d be in favour of taxing the rich even if the money wasn’t needed elsewhere - in this hypothetical, utopian case I wouldn’t give a shit about their taxes. (Again, I know they were being facetious, I’m just mad at this woman right now and don’t want to see the humour in it)
It’s not a joke. Taxes on the rich should be raised because excessive wealth and income inequality is bad for society. If the government doesn’t need it for any particular project it should be redistributed evenly across the society.
So you agree that it’s not just for the sake of it.
No, even if we just destroyed their wealth, it would be helpful because they would no longer be bidding up scarce resources like land, corrupting our politics, etc.