Economy

[RedDenver]

https://www.yahoo.com/finance/news/meta-poised-suffer-largest-one-122010583.html
 

Must have been Joe Rohan’s fault.   But seriously, for those wanting a wealth tax, in situations like these, does a person like Zuck get a refund on the 24% of wealth tax he would have paid that vanished overnight?   
 

Or the small business owner that is doing really good, until the moment he isn’t and declares bankruptcy?  

I'm for a wealth tax and like our progressive income taxes, only the money above the threshold would be taxed. I don't have a strong preference for a particular threshold, but $1 billion seems more than reasonable to me.

 

[Archy1221]

I'm for a wealth tax and like our progressive income taxes, only the money above the threshold would be taxed. I don't have a strong preference for a particular threshold, but $1 billion seems more than reasonable to me.

But does a person like this get his tax money back when his only son was having his wealth on the wrong day of the year? 

 

[RedDenver]

But does a person like this get his tax money back when his only son was having his wealth on the wrong day of the year? 

If we're really concerned about that, then make the tax apply to the average wealth for the year or some other metric.

 

[Archy1221]

If we're really concerned about that, then make the tax apply to the average wealth for the year or some other metric.

Though I’m against wealth tax either way, That would at least be a better option that an arbitrary date tax. 

 

[BigRedBuster]

Though I’m against wealth tax either way, That would at least be a better option that an arbitrary date tax. 

Still one of the stupidest tax ideas there is.

 

[Archy1221]

Still one of the stupidest tax ideas there is.

Agreed

 

[BigRedBuster]

I’m loving the responses to this. Wonder if anyone from his office ever read them though. 
 

 

[teachercd]

I mean, I can't imagine any of us are happy with the prices of s#!t that we are buying.  

If you are happy about paying more you are lying or insane.

 

[BigRedBuster]

I mean, I can't imagine any of us are happy with the prices of s#!t that we are buying.  

If you are happy about paying more you are lying or insane.

Yeah...but what policies of Biden's have caused that?

 

[teachercd]

Yeah...but what policies of Biden's have caused that?

None I would imagine but who cares about if he is or is not to blame.  All that matters is if it sucks for us.

If your crusade is to protect Joe from people not liking the economy, that is fine.  Presidents get blamed for everything all the time, fair or not.  This isn't new.

 

[BigRedBuster]

None I would imagine but who cares about if he is or is not to blame.  All that matters is if it sucks for us.

If your crusade is to protect Joe from people not liking the economy, that is fine.  Presidents get blamed for everything all the time, fair or not.  This isn't new.

The tweet was about a politician trying to make political hay out of claiming Biden is responsible for all of it.  Which is BS.  The comments to the tweet basically point that out which was the basis for my comment.

 

[teachercd]

The tweet was about a politician trying to make political hay out of claiming Biden is responsible for all of it.  Which is BS.  The comments to the tweet basically point that out which was the basis for my comment.

Again, that is great, but no one really cares about that.

We just care that prices suck.

 

[admo]

Regarding the the first two sentences... You hate to see it. 

 

[BigRedBuster]

Regarding the the first two sentences... You hate to see it. 

Oh, most definitely.  It's a major issue that needs to be gotten under control.

But, Americans should really have a better idea of what is causing it to be able to make wise decisions.

 

[admo]

Oh, most definitely.  It's a major issue that needs to be gotten under control.

But, Americans should really have a better idea of what is causing it to be able to make wise decisions.

Yeah.  During the summer of the pandemic, I could almost forecast the prices on everything skyrocketing when things get back to normal.  I know we hear supply and demand, but there are lots of big companies that where going to make up their pandemic losses one way or another, and stick it to the people. It's part of it, but not all of it of course (out of control inflation).