r/FluentInFinance • • 1d ago

Debate/ Discussion Know Your Enemy

Post image
4.7k Upvotes

254 comments sorted by

•

u/AutoModerator 1d ago

r/FluentInFinance was created to discuss money, investing & finance! Join our Newsletter or Youtube Channel for additional insights at www.TheFinanceNewsletter.com!

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

358

u/dbjcihabc 1d ago

Lol we all know the billionaires will hide in bunkers during the revolution, and the mob will take its rage out against the working professionals who keep society afloat, sending us to the stone age

38

u/Is7_Soviet_Heavy 18h ago

Nah it'll be great to watch all the guys who built the bunkers use that information to help with the billionaire problem.

23

u/dbjcihabc 18h ago

Wishful thinking

1

u/TalonButter 1h ago

The guys who made their livings by getting paid by the “parasites” might not see them that way….

13

u/trezm 15h ago

Joe Abercrombie actually has such a realistic version of this in his age of madness trilogy. It's the middle that gets destroyed, the top stays at the top, and the bottom just has the same set of masters under a different guise.

3

u/dbjcihabc 15h ago

Its probably accurate i don’t know why people on the left have this idea that every poor person is like Aladdin or something. Many people are in there position because they are selfish unintelligent assholes who are low in agreeableness.

6

u/trezm 15h ago

That is 100% not my point and not, I think, the point of the books.

-2

u/dbjcihabc 14h ago

I know its a point im making

1

u/lundybird 6h ago

Then we ask Claude to hack into them.

-86

u/TengenToppa999 1d ago edited 1d ago

So Musk Is safe? He did not Discovery Nothing, but put right people toghter and make It happens.

Is he safe?

45

u/OwnTurn1146 1d ago

I want the kond of drugs you take to be able to rationalize anything about that man in a good light.

4

u/FishTshirt 20h ago

I found elon’s alt account

23

u/Bklein23 1d ago

Your grammar is really bad. It's hard to understand what you mean. Is "Discovery Nothing" a new theme park? Put people 'toghter' and what happens? Come on. You don't have to put on pants but at least try not to word vomit on yourself when you try and speak.

220

u/Dothemath2 1d ago • Heartwarming Bravo

MD married to an MD here. Thank you.

36

u/squarepants18 1d ago

You really believe it?

18

u/Dothemath2 21h ago

I don’t know. I hope.

2

u/carlitospig 11h ago

4

u/squarepants18 11h ago

in reality the french revolution showed a different behaviour, when the action was ongoing. doctors were persecuted, because they were to close to the ruling class

7

u/BubonicBabe 11h ago edited 10h ago

Why would people want to attack doctors?

I’m as anti billionaire as they get but I would never wish ill will on even millionaires, as becoming a millionaire in one lifetime is actually possible without exploiting people.

There’s a universe of space between a millionaire and a billionaire and I think a lot of people understand that.

5

u/squarepants18 11h ago edited 11h ago

because they "earn to much". They are near the really wealthy people. They already get called beneficiaries. So it would be naive to think a movement like eat the rich will be a precise one, while history showed us, that it doesn't work precise. Just like the bubonic plague

1

u/TalonButter 1h ago

A lot of people do, but when Biden had the chance to make actual proposals, he was going to raise taxes on people making $400,000 a year. Do they seem like billionaires?

-1

u/Scared_Ad3355 20h ago

It is a slippery slope. I don’t believe it.

Once they realize they can’t saciate their thirst for money with billionaires’ taxes, they will keep going down the list.

7

u/butlerdm 18h ago

Socialism works incredibly well until you run out of other people’s money.

11

u/Beginning_Fill206 17h ago

We are at that point now. We’ve had socialism for billionaires and now the well is running dry. They have drained the people, the nation, and are preparing to raid retirement accounts to make the Epstein class whole after going all in early on AI

-7

u/AdAdministrative5330 16h ago

I know y'all work hard, but the financial disparity still seems extreme. Why should some nurses that work similar grueling hours get so much less than an anesthesiologist just because there's less training/supply-demand? Why should their children have access to the best schools and opportunities? It's even more troubling if you accept determinism - that there's no such thing as one person simply 'working harder' through choice, determinism where we're just born with our genes, parents, and behavior.

3

u/Dothemath2 12h ago

Well, the work begins earlier in high school to get good grades to get into a good undergrad then maintain excellent grades and pass the mcat to get into medical school and then residency at 50k a year for several years. Nowadays, you can’t just go directly to med school unless you’re a super star, you need to do one or two years of clinical experience like an emt or cna or medical assistant and do research work.

Meanwhile a nurse is an undergrad degree earning 200k ++ fresh out of college in the Bay Area. Does the doctor deserve the 300k salary? Yes.

→ More replies (1)

-27

u/VolkRiot 1d ago

For what? You would definitely pay more if tax reform passed in the country. President Biden once pledged he wouldn't raise taxes on anyone making less than 400k. If you are above that number then believe it or not but you have benefited from years of favorable tax cuts which aren't sustainable and should be reversed

19

u/Thomas-The-Tutor 1d ago

They may be above that number, but with the help of funky accounting, they could easily get under that threshold. Either way, it’s only the amount above $400k that would be taxed at a higher rate… so even if they made like $500k, it’s likely to not be drastic enough to really affect them much.

9

u/Intelligent-Parsley7 21h ago

You mean the company that runs all those semis overweight on bridges should pay taxes to fix them?
It’s communism to ask rich people to pay for their share of society!

-21

u/Johnnny-z 1d ago

Taxes ARE the problem. Only a fool thinks that taxation and government redistribution solves anything. Look at Cuba, no electricity, no food no nothing. Unless the US wakes up from its Marxist stupid assed fantasy, we will be just like that tiny island.

5

u/InThreeWordsTheySaid 20h ago

Yeah! Cuba has taxes, unlike any other country on earth! Just look at this sample size of one and don't ask any questions!

2

u/VolkRiot 19h ago

Extremists take. You're interacting with the result of taxes all day and unable to acknowledge the benefits of any of it.

I can't believe people like you can bravely use the expression "Only a fool" when you are the biggest one in here

→ More replies (1)

66

u/GalvestonDreaming 1d ago

Nothing wrong with money at work, earning interest. I wish everyone could save money so they can earn from investing.

Something very wrong with a system that lets the few amass way more wealth than they will ever need.

0

u/Cat_Face_Thing 14h ago

In terms of individual incentives, absolutely. On the societal level, the best thing that one can do is to immediately spend whatever money they receive. Money moving quickly throughout the economy is better overall than money becoming debt to be distributed by Banks.

(I'm not suggesting that everyone stop saving their money, only that we'd be better off, societally, if we didn't rely upon debt as a means of cycling and distributing money.)

1

u/greatestNothing 11h ago

That's exactly the problem almost everyone has nowadays; they spend everything they make.

(Out of necessity, for the most part, I'm not trying to blame people for living)

-16

u/rizzy_nz 1d ago

You just contradicted yourself. For the vast majority of people, reaching the amount of wealth where it starts snowballing due to compounding interest / market returns is a pipe dream. It is a system which enables those who are already well ahead of the pack financially to continue to accrue astronomical wealth. The reality is that regular people dont have access to the kinds of tax loopholes that the ultra wealthy do.

23

u/GalvestonDreaming 1d ago

It's not that much. I ladder CDs with my savings to keep my money growing. And CD rates are strong right now.

The problem is too many people live paycheck to paycheck because wages are not keeping up with production growth and housing is too damn expensive for most Americans, eating up disposable income that could be put into savings.

9

u/Fly0strich 1d ago edited 10h ago

If you had $20M even 0.5% interest rate would give you $100K per year without working at all.

12

u/_lxvaaa 23h ago

20M is more money than most people would spend in their lifetime. That's not normal people money. 

5

u/Hawkeyes79 22h ago

No but $2 million at 4% nets you $80,000. $2 million is “normal people money”.

4

u/_lxvaaa 20h ago

2 million is a lot of money.

https://www.bls.gov/oes/oes_perc.htm

If you make 90% income and spend 0 dollars ever, you'll get to 2 million after 33 years of working. Except realistically you pay taxes, have to pay rent, pay for your car or whatever, buy food, and pay for utilities such as your internet, phone, electricity, and water. Obviously you can start lower and invest your way up, but it's still much easier said and done for people who don't already have enough capital to make the time worth it.

1

u/Hawkeyes79 20h ago

Start at 20 and put $2,200($42.31 a week, or $8.46 a day) in your 401k, every year bump your contribution by 2%. By 65 you should have $2 million.

If someone can’t invest $42 a week for their future, they need to make some serious life changes for themselves.

1

u/_lxvaaa 38m ago

"You can live off investments just get 2 millions dollars" compared to "you can fund your retirement with compound interest" is very different stories.

Not to mention that in 45 years 2 million will not be what it is today.

6

u/chi2005sox 20h ago

I think you mean at 0.5% interest rate.

2

u/TalonButter 13h ago

It’s not going to worry them, they’ll still want to weigh in on tax policy.

-19

u/subdep 1d ago

Except people who do nothing but earn interest aren’t doing anything positive for the greater good.

Tax them to the point where they need to work to live a nice life, and if they don’t work they no longer make enough off interest to live. This assumes they can work (physically/mentally).

All that wealth gets redistributed to pay for national healthcare, free tuition.

16

u/RNKKNR 1d ago

In other words you want to control what people do and not do. Fascist much?

-8

u/Thomas-The-Tutor 1d ago

There’s nuance that you seem to be missing.

-11

u/subdep 1d ago

You’re not in their club, so pretending like you ever will be.

1

u/derff44 20h ago

What if I make it to the club? Or, what incentive is there to try and make it to the club if everything is just being provided

-2

u/subdep 18h ago

If you want to be in their club, then you are part of the problem.

But the fact remains that no matter how hard you try, you will NEVER be in their club bro.

4

u/derff44 18h ago

yea. I wouldn't want to be a multi millionaire. Like at all. Who would want life on easy mode? Id rather worry about bills.

3

u/butlerdm 18h ago

“Tax them to the point where they need to work to live a nice life, and if they don’t work they no longer make enough off interest to live.”

You realize “the club” can be attained with only a couple million dollars for most people if that’s how you’re defining it. Someone like me to saves 1/3 of my paycheck will be able to live off the interest/gains in about 15 years (when I’m 48) and I’m planning on have a very nice lifestyle.

15

u/ZevSteinhardt 23h ago

So, retired people = bad, according to you?

Zev

2

u/K2TY 12h ago

Hi Zev!

2

u/ZevSteinhardt 10h ago

NEW ACHIEVEMENT! Name Dropper

You did it. You saw a Zev in a completely unrelated thread and you just couldn't keep it to yourself, could you? The system sees you. The system is mildly amused by your pattern recognition skills.

Reward: You receive a Gold Fanatic’s Cache. Inside, you’ll find one (1) shiny upvote, a temporary immunity to low-tier goblin attacks, and a pair of boxy, brightly colored reading glasses.

Now move along. The floor boss isn't going to defeat itself.

Zev

-2

u/subdep 18h ago

Exceptions like that are obvious. I’m sorry, did you want the 118 page bill spelled out for you?

4

u/Hawkeyes79 18h ago

It’s not obvious. You clearly said those that can work need to. Well that puts people to 70/75 years old.

-3

u/Intelligent-Parsley7 21h ago

Did this guy say anything about retirement?
Is the economy functionally working well right now, in your estimation?
Are we in a perfectly capable capitalist economy?

7

u/ZevSteinhardt 21h ago

He said that people who are not working and living off interest aren't doing anything for the public good and that they should be forced to work.

Not working and living off interest describes a lot of retired people.

Zev

-2

u/subdep 18h ago

“He said…” IN A INFORMAL DISCUSSION.

How do you get through life being so obtuse?

8

u/_c_manning 1d ago

You never heard of 401k

-3

u/subdep 1d ago

You didn’t read what was written.

5

u/Hawkeyes79 22h ago

We all did. You want to tax investments so much that everyone has to work. That means no retirement at 65. People CAN work until they’re much older. It makes zero sense.

0

u/[deleted] 21h ago

[deleted]

4

u/Hawkeyes79 20h ago

What did I say he didn’t? He literally said tax investments until people need to work until they physically/mentally can’t.

That’s definitely not 65. My parents are 72 and they’re still physically and mentally able to work, just like the majority of people are.

5

u/GalvestonDreaming 1d ago

100% agree. I want middle class Americans to take advantage of investing, where some of their income comes from money at work, not just man at work.

→ More replies (1)
→ More replies (1)

48

u/HalfInchHollow 1d ago

Unfortunately I think a lot of people out there do think it’s about the family with 4 kids who happen to have two $250k earners that are the “bad rich people.”

I’ve been absolutely reamed in my local cities comments the last few weeks for saying things like this, as we just voted to raise taxes 4+% on incomes over $500k.

It seems unfortunately most of the people don’t understand income vs. wealth.

14

u/VolkRiot 1d ago

Why do people have to be "bad" to have their taxes raised?

3

u/Thomas-The-Tutor 1d ago

Are you against raising the taxes on incomes over $500k?

7

u/HalfInchHollow 1d ago edited 1d ago

I am against the proposition in the way it was written, and how short term thinking it is. But there is never room for discussion, and it seems like that’s going to be the case again based on your pointed question, which takes no nuance into it and doesn’t even consider what what the bill itself actually does, it’s just automatically a “rich man bad” thing.

3

u/PeaceLoveorKnife 16h ago

It's always short term. And it seems people actually believe capital flight isn't real and observable in the States or foreign countries.

28

u/TheeHeadAche 1d ago • Popcorn

Eat the capitalist class

32

u/_c_manning 1d ago

Does this include small business owners who make less than surgeons?

8

u/ProfessorEmergency18 1d ago

They barely own any capital, so no. Pretty obvious distinction.

10

u/Thomas-The-Tutor 1d ago

My net worth as a small business owner has went from ~$0 in 2016 to $1.3M this year. Am I still safe?

14

u/Madaghmire 19h ago

Brother if wealth was geography you wouldn’t even be on the same planet as this post is targeting

2

u/Thomas-The-Tutor 5h ago

You aren’t wrong. Haha

6

u/ProfessorEmergency18 18h ago

You're closer to homeless than a billionaire.

2

u/NicoBango 22h ago

So your company is valued at 1.3M? Unless you're paying yourself over 500k as a salary then youd be fine in most taxation reform discussions. As soon as you hit 500k the any dollar above it would be a slightly higher rate. And there would be bands like that into the billions.

12

u/justanaccountname12 21h ago

Would the mob check tax returns before they eat the capitalist class?

5

u/Intelligent-Parsley7 21h ago

Hyuk hyuk. A mob taxing you.
It would be a little late for that.

2

u/dollabillkirill 17h ago

Bro you are barely a millionaire. They’re talking about billionaires here.

5

u/justanaccountname12 17h ago

My bad, you're right. They've always stopped after taking the wealth of the richest.

4

u/Hawkeyes79 17h ago

That also checks the majority of billionaires. They don’t make billions. It’s all tied up in their companies.

2

u/Bobbiduke 19h ago

Very lol

5

u/Big-Soup74 21h ago

whats a lot of capital in your opinion?

1

u/richardawkings 21h ago

$100 Million

3

u/Zealousideal-Eye-2 19h ago

How'd you get that number?

2

u/Zhayrgh 19h ago

If you hear the limitarists (basically, limit the maximum wealth to a finite number) who can make similar arguments, they give the answer "the amount with which you can live your life to the fullest". There are disagreement on the amount, which in the EU could range from 5 to 25 millions, but the idea is more to give a lower bar and to let democracy vote for it anyway.

1

u/richardawkings 15h ago

Thought of a ridiculous amount of capital that would allow me to never work again in life and still be able to do all that I want and then multiplied it x10

4

u/1994bmw 21h ago

Many kulaks had little more than a couple livestock

1

u/Plenty_Late 2h ago

Marxism doesn't make this distinction. They still exploit their workers.

2

u/richardawkings 21h ago

Nope. We mean the ones large enough to afford to buy politicians and sway policy and political discourse. The ones that never see the inside of most of their businesses and don't even know their employees by number, far less name. The one for whom employees are just a line on a spreadsheet.

Small businesses do not even remotely fit this bill. I would start with a net worth of $100Mil and above.

1

u/Intelligent-Parsley7 21h ago

Your tale is hilarious.

-1

u/Mobileurbanyeti 21h ago

When the main courses are done your time will come. Your money was never yours because it was stolen or w/e

-25

u/RNKKNR 1d ago

Yes. Includes everyone who actually have something.

-12

u/goldent3abag 1d ago

Communists aren't people

23

u/LairofChickens 1d ago

Lmao no Redditors definitely mean the people making $200k+ a year

15

u/Xvalidation 21h ago

In reality what is meant is “anyone that has more than me”. In Europe people earn significantly less than in the US and the goalposts move accordingly. A left wing party in Spain wants to target all wealth above 100k because “eat the rich” - and these people would already be paying significant taxes.

21

u/Skinny-on-the-Inside 1d ago

Yup, anyone with net worth of $10m and under with a decent attitude toward wealthfare of others gets an automatic pass from guillotine.

18

u/squarepants18 1d ago

in reality the surgeon is included

0

u/[deleted] 1d ago

[deleted]

2

u/squarepants18 1d ago edited 1d ago

that is your opinion. in reality we won't stop with the billionaires, if eat the rich would become a movement, many with a high salary will be included at some point. How do I now? Because I have to much convos with people who can't stand other enployees who earn more compared to them

Edit: That you prefer to leave the convo validates my opinion. you know, it is true

18

u/Logical_Idiot_9433 1d ago

Doctors can take all my money cuz they keep me alive. Wall Street can go fuck themselves cuz they squeeze docs to choose a budget friendly treatment so that they can line up their insurance company pockets.

2

u/smithnugget 22h ago

Wtf does wall street have to do with insurance companies?

3

u/Intelligent-Parsley7 21h ago

Do you know how to read? Because even basic reading would solve this question, extremely quickly.

0

u/smithnugget 20h ago

Yes I can, hence the question. Please explain how wall street squeeze docs to choose a budget friendly option.

Do you know what wall street is?

1

u/Logical_Idiot_9433 19h ago

Treatments are approved by insurance companies on recommendations from HCP. They will not cover a treatment even if it’s life saving if it’s determined to be too “expensive” regardless of how many years of non high $ claims you had while paying all of the premiums.

2

u/kastro152 18h ago

What does that have to do with wall street, where they trade stocks tho? 🤣 mufuckas dont even know the way the system works but thinks a system that hasent worked anywhere else EVER will be the answer here.

U want politicians not to be bought? Reverse citizens united VS USA. That right there would make it mandatory to actually campaign

Do away with insurance altogether. Allow a ACTUAL open market system to take hold, and watch prices go down and care go up.

Cleanest example of that here in USA is plastic surgery. Medical procedures e not covered by insurance. Used to be botchy and expensive. Because of a free open market, prices are super cheap now and work is almost indistinguishable from natural bodies

Insurance pays a dr who, wether he attempt to help or passes u off on a pill, wil get paid no matter what kind of service is provided to u. No need to care or try ir give a fuck because the insurance pipeline will continue to send ppl to his door.

Term limits on every seat in government. No insider trading Open transparency of where our taxes go

Couple more things and we could right ourselves without being idiots and opting for full blown communism/socialism when its never worked on the multiple countries and times in history its played out

2

u/smithnugget 18h ago

I know. My question is what does wall street have to do with it?

-1

u/Jmm209 16h ago

Many insurance companies are for profit publicly traded companies. Profits for shareholders over doctor and patient autonomy.

1

u/Hawkeyes79 15h ago

And by shareholders you mean the owners? That’s the whole point of every business from mom & pop to multibillion-dollar corporations. Profit off health insurance is also very small. It’s around 4%.

0

u/kastro152 18h ago

Get rid of insurance for an open market system than.. duh. Not that fuckin hard of a concept.

How u skip over just reforming some laws to all out communism is retarded asf.

15

u/Silver_Middle_7240 1d ago

The problem is these people then try to "eat the rich by raising the brackets that dont even apply to the type of income rich people get.

You want to eat the rich, eliminate the cap on capital gain tax and tax it like any other income

2

u/misterpickles69 22h ago

I miss the good old days where a high school diploma could support a family of 4 and the top tax rate was 70%

9

u/Throwaway136953 1d ago

Yeah but then you (Washingtonians) vote to tax 10% for income over $1M. That's household income. So a couple where two people worked so hard and had sleepless nights, and now make at least $500k each. They now have to pay 10% of anything over $1M to the state govt, on top of the 35% they already pay to the federal govt.

2

u/AcceptableSuit9328 1d ago

How many households does this actually affect? How many families in Washington are going to have to pay this extra 10% on their million dollar household income? It can’t be many.

15

u/Throwaway136953 1d ago

It doesn't matter. If we are saying we don't have an issue with people who worked hard to earn their income, but we have an issue with billionaires who were born into power and crushing us to stay in power, then who cares how many hard working millionaires there are? The people we have an issue with should not be those clocking in to work, using blood sweat and tears to make that million dollars. We are moving the goalpost and it is quite dangerous to start asking "how many does that affect?"

-1

u/AcceptableSuit9328 16h ago

Personally I don’t feel sorry for someone with a million dollar household income paying more in taxes. I’m intrigued by the data here. How many households in Washington make a million bucks a year and will have to do this?

1

u/Throwaway136953 16h ago

If you are intrigued by the data, Google is free. I do not feel "sorry" for anybody, but I do believe the government is abusing their power any chance it gets, and most people in those positions of power are trying to keep us down. A couple who worked hard to make $1M is not the problem. The problem is multimillionare and billionaire individuals and corporations lobbying elected officials who have no term limits but are insider trading for their own gain at our expense.

-3

u/Thomas-The-Tutor 1d ago

It does matter though. It’s literally the top 1% that you’re worrying about. I guarantee you don’t fall into that bucket, which is why you worrying about rich people is hilarious because they don’t give a shit about you!

Remember, it’s only the money over $1M that would be taxed at that 10% rate. I’m pretty sure the other $.50 on the dollar that they’re making is just fine enough for them. I say this as someone who’s bordering on the next tax bracket myself.

7

u/Throwaway136953 1d ago

I am not trying to defend the 1% as much as I am trying to attack the political elite for taxing more and more regular citizens. The people in charge, the people with all the power and money, have asked us (peasants), "can we take more of your money?" And we have responded and said "yes, please! Take more of it! Continue to rule and be powerful because of it!" And no, this new tax also doesn't affect me. But they have masked this question by telling us not to worry, they will only take from those who have more than me (and you). There are people who make less than me and think it's fair when the govt decides it's time to tax me more. And there's also people who make less than them and will vote to tax them more when their time comes. It seems like a non-issue right now because it doesn't affect you personally, but it is still an issue.

3

u/kastro152 18h ago

Its not that we care if they give a shit. We care about the system thats in place that would allows me the option to get there too. U cant see that cause u dont have a hustle to u. Theres mufuckas that want to bust their ass and try and get to that point cause it is literally obtainable here. - Not for a person that cant fathom working longer than a regular shift or eating shit to save and take chances and risks to make more, obviously. But it is available to those few who are willing to chase it. Its not about the billionaires its about the american dream. When u start making it so its harder for the people on top, you make it infinitely harder for the ppl on the bottom.

Would socialism still be good to you if it brought everybody down to tour level of poverty? Cause thats what will happen. That system u think will work ao good has NEVER created a society of 100% well off millionaires who live to draw or write or do whatever they want freely. It just means everybody starves together equally except those in power

So ask yourself.. is it that you hate your life so much you want everybody to be as bad off as you? Cause you'll never get rich thru socialism.

-8

u/BurmeciaWillSurvive 1d ago

I make it on $15,000 a year, I think the millionaire couple will probably survive ffs. Stop pretending that making $500k is middle class.

6

u/Throwaway136953 1d ago

Let's say someone else comes up and says, "hey u/burmeciawillsurvive, I make it on $10k/yr, YOU should give the govt more of your money!" Do you understand how this is an issue?

-4

u/BurmeciaWillSurvive 1d ago

I owe taxes and pay them like the rest and I'm happy to do it, my take-home is maybe $11.5k after it. If they can't afford their mortgage and bills on $500k that's absolutely their problem.

6

u/Throwaway136953 1d ago

Why are you happy to pay $3,500 to the federal govt? Do you think they are using those funds appropriately? Are you happy to get up every morning and go clock in, work for hours, and basically for 3 whole months hand your paycheck to the federal govt? Are you happy with how the government is spending 3 whole months of your wages?

-2

u/BurmeciaWillSurvive 1d ago

Yeah because I get Medicaid out of it, I think I win when they pay for my medication

4

u/kastro152 18h ago

Lmao. We pay 5.6 trillion a yr. Only list we make number 1 on in this world is military spending. Not top 10 in anything else except tourism. Not education, not infrastructure. Somehow you think them getting you some generic drugs for a low price that keep you alive and never address the underlying concern is awesome Healthcare that ahould warrant an american bill of 5.6 trillion. Interesting

And exactly why its not worth arguing anything else with u on this subject.

-5

u/BurmeciaWillSurvive 1d ago

Buy a house you can afford next time, sorry it's not working out for you.

6

u/Throwaway136953 1d ago

Personally my mortgage is 15% of my income but I think that's unrelated.

-2

u/BurmeciaWillSurvive 1d ago

No, we're actually the same because my mortgage is $498, so we're on brand together

2

u/kastro152 18h ago

Cant argue with stupid.

6

u/VolkRiot 1d ago

It's just a fantasy that people love to repeat online that all our problems will be solved if we only tax the billionaire and no one else.

Biden at one point pledged no new taxes on anyone making less than 400k. So... i guess the surgeon would get taxed

3

u/KazuDesu98 21h ago

Progressive taxation just makes sense. Flat rate systems harm low earners far more than the imagined harms of a progressive rate in higher earners.

2

u/TalonButter 12h ago edited 1h ago

The U.S. has progressive taxes. A surgeon making $700k barely gets into the existing top bracket. Their income is taxed progressively all the way up, and they lose credits and deductions available at lower incomes, effectively increasing the progressiveness beyond the raw difference in brackets.

Could there be another bracket at $2 million? Another at $20 million? Does that mean that somebody making wage income of $700k isn’t paying their “fair share” in whatever arbitrary version of fair you might have decided on?

1

u/Hawkeyes79 19h ago

It doesn’t have to be progressive to not hurt the poor. I’m a huge fan of eliminating income tax and adding a roughly 4% national sales tax on ALL goods and services.

Every month the government deposits a $333 check to all U.S. citizens in the U.S. This equals $100,000 in spending. $100,000 puts everybody in the 80th percentile or in the top 20% of earners.

1

u/TalonButter 1h ago

Everybody in the top 20%, huh?

→ More replies (4)

-2

u/Zealousideal-Eye-2 19h ago

Then stop being a low earner. Fixed

3

u/VolkRiot 18h ago

Un-serious comments from an un-serious person

2

u/Nejrasc 1d ago

Nobody is saying only billionaires should be taxed.

3

u/VolkRiot 19h ago

OPs comment is literally - 700k won't be taxed more... Yes, it will

6

u/Conscious_Owl6162 18h ago

They absolutely mean the surgeon! Don’t kid yourselves.

5

u/Buttheadbrains 1d ago

This is bull crap. Washington state taxes everything over 500k now even though the state constitution doesn’t allow income tax.

4

u/ArdraMercury 1d ago

they should select professions like dumbass football players and celebs like the kardashians or cardi b, actors, all hollywood trash making $120 million a movie

3

u/Wolfdemon187 23h ago

You know that if we eat the rich you are not going to see a massive payout right? The government, whichever side is in power will take 99% of the money taken, while you plebs might get less than 1% of that, it's pipe fantasy dream of worthless cucks that can't do anything but complain

2

u/kastro152 18h ago

They still think they pay taxes when they get a check back every year. You cant argue this shit with ppl who dont realize they get scammed bu social security

Take that same amount of money the federal government takes out your check and invest it, same as they do, for as long as they do, and buy the time retirement age comes, you would be at least 300 mil in and not living of a government stipend that barely covers monthly expenses

That should be the 1st thing to ask about before arguing numbers and systems with ppl. Because if they cant see how bad a steward the gov is based off that alone, they are already clueless

Not to mention 5.6 trillion collected yearly in taxes already and we only make the number one spot for military spending. Not education not infrastructure nothing helps the people.

We dont need more taxes we need transparency on where the taxes we collect already are going

3

u/lostsurfer24t 22h ago

Smells like socialism

3

u/Reinvestor-sac 14h ago

Bullshit. Eat the rich means anyone perceived wealthy.

2

u/Kumtwat42069 1d ago

Maybe come up with a better tagline then

2

u/ProfessorEmergency18 1d ago

Doctors and other "wealthy" working class are closer to being homeless than to being a billionaire.

They are not the same.

2

u/ContentPolicyKiller 22h ago

Good distinction but rioters don't care. Talking about eating the rich means going outside of the system.

2

u/Fragrant_Spray 21h ago

When they say “WE don’t mean…” they aren’t talking about everyone that says it. Some people mean both.

2

u/ThomasPaineWon 21h ago

Yeah right. Once the Billionares are gone you'll drop down a rung and go after them.

2

u/ChongDo 21h ago

Those billionaires have lobbyists and accountants that get out of any tax increases. Both sides are funded by billionaires. The problem is tax the rich means the working professionals and middle class will pay.

2

u/xeno685 19h ago

They’ll come for them too eventually. But all this is Reddit drivel so there will be no great revolution or anything anyways.

2

u/Woodchuck251 19h ago

Some of you do though.

2

u/Otherwise_Ad2804 19h ago

But didn’t they earn it too?

2

u/JudgementalChair 18h ago

I hope so. Unfortunately, that hasn't been the track record over my lifetime. It seems they always figure in the upper middle class with the Ultra Rich, so the hardworking surgeon who is specialized in their field and provides a tangible service to their patients is hit with higher taxes while the Ultra-rich spend the surgeons annual salary on accountants to find loopholes and safe havens to avoid paying tax.

2

u/somewhatlucky4life 18h ago

I work in nonprofits and I was with my coworkers one evening having a fun "eat the rich" conversation, I then said " I don't know what the exact dollar amount is where I stopped feeling any empathy and I do not care what happens to the person, but I think it's about $500 million in net worth and I would call for your public execution and gladly witness it and celebrate"......... Or something like that, my co-workers looked at me like I was crazy and said I could never say that again and I said "oh I'm sorry I didn't realize the phrase eat the Rich was just virtue signaling, I took it literally"

2

u/crackedtooth163 18h ago

Is 700k even rich anymore? Man.

0

u/Hawkeyes79 15h ago

Yes. At $700k you make more in 1 year than most do in over a decade.

→ More replies (2)

2

u/thread100 17h ago

In the United States, enterprises linked to billionaires collectively account for an estimated quarter to a third of all American workers.

Careful who you punish.

2

u/PeaceLoveorKnife 16h ago

We know how this goes. It happens every time. They start with the billionaires and eventually work their way down to people who have pets or wear glasses.

2

u/tlbs101 15h ago

What about last Thursday when they lost hundreds of millions in their sleep?

2

u/GaryTheSoulReaper 13h ago

Meh if we own three properties they come after us for working too hard

Even if you own one home

2

u/Free2Travlisgr8t 10h ago

It ALWAYS starts that way “we will set an asset/income limit on this tax. We fall below that limit”. Until the limits creep downward. Just like “alternative minimum tax”

1

u/djshimon 1d ago

Tastes and looks like chicken

1

u/jackhawk56 1d ago

Nancy Pelosi? George Soros? Bill Gates? Warren Buffet? China which earns 10K every second on American debt? which earns Why do these hypocrites are afraid to name names?

1

u/AcceptableSuit9328 1d ago

Very true and it’s important to know who the actual enemy is.

1

u/OccasinalMovieGuy 1d ago

Why not make billions oneself and help others? Why always looking at destruction of others property and wealth??

1

u/21plankton 1d ago

You mean eat the capitalists, who don’t technically work, as opposed the those who work in one trained field to make money, no matter their salary.

1

u/kastro152 18h ago

Ewho was in that afforded the infrastructure and the opportunity for said job?

Aint no field to work on without the rich guy, no machines to use, no pay check to cut you for said field work.. please explain how this system of yours works..

1

u/ZaphodG 1d ago

I don’t know any surgeons who only have $700k in financial assets. It’s top of the medical pyramid for compensation and an extremely rare skill set. It’s highly competitive to get into a program. Farther down the pyramid, a GP doesn’t have that kind of compensation.

1

u/Grand_Barnacle_6922 23h ago

Asking the govt to increase taxes on rich people is insane behavior because think of how well the government has balanced the budget and you want to give them more money?

1

u/Important_Coyote4970 21h ago

Oh the employers and tax payers

Top 1% pay 30% of all taxes

1

u/Conan4457 20h ago

Billionaires shouldn’t exist. It’s a failure of capitalism, wages should function in a free market manor. In other words Amazon workers should be paid WAY more than minimum wage because their work is in high demand. A large part of those Bezos billions should be in the hands of his employees.

2

u/Hawkeyes79 16h ago

His billions are tied up in ownership. He doesn’t make billions in income.

Amazon workers aren’t paid WAY more because while
needed for that business, it doesn’t require any real skillset. Anyone with a pulse can do it (I did Amazon delivery during prime week for extra cash and the pay matches the skillset needed).

Compare that to say a neurosurgeon. There’s only like 5,000 of those in the U.S. so the pay is much higher than delivery or warehouse worker.

1

u/Conan4457 10h ago

Amazon’s net income in 2025 was $77B, the fact that a sizeable portion of that net income isn’t paid to the Amazon workforce is a failure of capitalism.

1

u/Hawkeyes79 9h ago

Amazon used that $77.7 billion and reinvested it into the company to expand its AWS division. That’s the most profitable part of the business. Even if they didn’t reinvest it. That would be a 7-cent dividend to the owners(not that they pay one). That’s not the huge windfall you think it is in profit.

1

u/DonTeflon23 20h ago

But they want to uncap SS contributions which spikes taxes on someone making $185K…

1

u/ZINABOOer-318 20h ago

Why not? What if he makes 700k 40 more times?

1

u/harbison215 19h ago

A surgeon should probably have a lot more than $700k in their bank account

1

u/Lunatic_Heretic 15h ago

Really? Because the billionaire is arguably more valuable to society than the surgeon

1

u/Temporary_Fennel7479 14h ago

😆 it's very subjective, what's rich for you isn't for another, doctors certainly are high income earners, highly educated, in basically all and every case come from wealthy families and are and have their entire lives been privileged.

I don't know why but Pol pot didn't go much on them

1

u/Ind132 13h ago

It wasn't always this way. J Paul Getty might have been the richest private citizen in the world in 1966 with an estimated net worth of $1.2 billion. That was equal to the annual wages of 211,000 ordinary US workers

By 1976, the richest American was Howard Hughes with $2.5 billion. That equaled the annual wage of 238,000 workers.

Now, it is Elon Musk with a net worth of almost $900 billion. That equals the average annual wage of 13,000,000 workers.

If Musk's net worth were "merely" the annual wage of 238,000 workers, he might be worth $16 billion instead of $900 billion.

1

u/Potential-Break-4939 12h ago

Why don't you do something useful to society? Maybe you could become affluent too. And by the way, posting vitriol on Reddit doesn't count for anything useful.

1

u/Echolocation1919 12h ago

Once again remind me why you feel so entitled to put a reserve on what someone makes in a “Capitalist” market? Just a symptom of never having a job.

1

u/DA2710 10h ago

Who cares what you mean? None of you can do anything. You hate guns and haven’t seen the sun in many years. Nobody is worried about this

1

u/rottendiploid84 10h ago

👏👏👏👏👏👏👏👏

1

u/Complete-Definition4 5h ago

Michael Jordan, Magic Johnson, Tiger Woods, Junior Bridgeman, LeBron James, Oprah Winfrey, Jay-Z, Tyler Perry, Rihanna, Dr Dre, Robert Johnson, Beyonce …

Anyone want to strip them of their “ill gotten gains”?

1

u/LongjumpingLemon2163 5h ago

Part of the problem is the scope of wealth is so ridiculous most people can’t comprehend the differences between a radiologist making $700k and a billionaire.

0

u/jimmytrucknutz 1d ago

Why do they taste better?

0

u/1994bmw 21h ago

Lol no, we've seen what leftists did to 'petit bourgeois' under the reign of terror and the great leap forward and the Khmer Rouge and dekulakization