Jeff Bezos would owe $2B a year under proposed Washington wealth tax

Discussion in 'Budget & Taxes' started by Lil Mike, Feb 11, 2021.

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  1. Daniel Light

    Daniel Light Well-Known Member

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    We've already seen what happens for decades now. For a great number of years, California and Washington State have had higher taxes than Oklahoma or North Dakota or Mississippi - and if the argument was that higher taxes make people and businesses
    flee to states with lower taxes, then by now, those cheaper states would be kicking ass as far as population and business.

    It just hasn't worked that way because people go where the jobs and weather are best, taxes be damned.
     
  2. bringiton

    bringiton Well-Known Member

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    But not a high tax on land, because land can't move, and it can't hide...?
    The experiment has been done: states with higher property tax rates have better economies, more affordable housing, lower overall tax burdens, etc. (even though the improvement value portion of the property tax is unfair and economically destructive). But the rich don't want anyone to know that because they know a tax on land is the one tax they cannot avoid. So their corporate media always falsely portrays the property tax as regressive, the most hated tax, blah, blah, blah and a tax on land as outright communism.
     
  3. Lil Mike

    Lil Mike Well-Known Member

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    So your conclusion is that weather trumps taxes. That may actually be true. So there is no downside to either California or Washington state imposing a wealth tax? Well I'm in favor of those states running that experiment. Let's see what happens.
     
  4. Lil Mike

    Lil Mike Well-Known Member

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    I think you're in the wrong thread. This wasn't about property taxes.
     
  5. bringiton

    bringiton Well-Known Member

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    Good, good: you're suppressing the relevant facts as required.
     
  6. Lil Mike

    Lil Mike Well-Known Member

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    No, but property taxes are not usually part of the national discussion on tax rates. It really has nothing to do with this thread.
     
  7. bringiton

    bringiton Well-Known Member

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    Really? I wonder why....
    "Pay no attention to the man behind the curtain!"
     
  8. modernpaladin

    modernpaladin Well-Known Member Past Donor

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    Thats all this is. Until the tax code is simplified, raising taxes on the rich only equates to more income for tax lawyers. If a billionaire can save any money at all by hiring a big league law firm to find them some deductions or loopholes, they absolutely will. Nobody pays more taxes than they have to. Simple fact.

    It wouldn't surprise me in the slightest if a lot of the push to raise taxes on the rich were coming from these law firms who will be hired to help the rich avoid the taxes. Thats how these things usually turn out anyway.
     
    Last edited: Apr 18, 2021
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  9. Lil Mike

    Lil Mike Well-Known Member

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    Well wonder no longer, because we don't have national property taxes.

    This is starting to sound like you are going down some conspiracy theory road. I assume you have some 3 hour video on Youtube you want me to watch that will explain how the Illuminati blocked national property taxes?
     
  10. bringiton

    bringiton Well-Known Member

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    And that is not an accident. Read and learn.
    Conspiracy? It wouldn't be the first one. The Articles of Confederation specified explicitly that the federal government would be funded by a tax on land value because land value is the subsidy that government spending on desirable services and infrastructure creates. No one else benefits. Its repayment by those who receive it is therefore self-evident justice. Problem was, only landowners could vote. So the first thing those landowners voted for was to replace the Articles of Confederation with the Constitution, and make someone else pay all the taxes, thus forcing them to subsidize landowners.
     
    Last edited: Apr 18, 2021
  11. Lil Mike

    Lil Mike Well-Known Member

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    wow I was right
     
  12. bringiton

    bringiton Well-Known Member

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    No you weren't. You were wrong. I gave you the facts, and you just refuse to know them because you have realized that they prove you wrong. Simple.
     
  13. Lil Mike

    Lil Mike Well-Known Member

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    You have not given me anything that has to do with this thread, just random noise.
     
  14. bringiton

    bringiton Well-Known Member

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    "Denial ain't just a river in Africa." -- Mark Twain
     

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