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Soooo, where did we land on taxing the rich?
| Fun fact: Before starting Amazon, Jeff Bezos worked for a hedge fund and also BUILT dark pools. He didn't become the richest man in the wrold because he was good at selling books. He learned how to violate antitrust laws and legally create a monopoly trough market manipulation.
| Once again, this is why people are buying Gamestop and AMC stock. Buying and holding puts the criminals in a tough spot (of their own fault). Long story short, GME is a thing because of dark pools, and is catalyst behind recent regulation changes. If you're a betting human, buy one share. Worst case scenario, you sell & maybe lose some $$. Best case scenario? Realistically a few $$$$.
| What are dark pools?
| Dark pools are a kind network, usually in the form of a private stock exchange or forum, where institutional investors(not us, we're retail investors) can buy and sell large volumes of stock between eachother. They do this to keep the buy/sell orders secret from the real market until after the transaction have already been done. It's illegal in most of the world but not everywhere.
| tl;dr it gives the 1% a huge advantage over us regular people.
| So you're discovering that rich people never deserve to be rich? Took you a long time.
| Generally every method used to "tax the rich" ends up backfiring and hurting the poor and lower classes eventually.Since the rich eventually find workarounds. Which then those same laws and taxes get applied more so to the general populace.Which eventually hurts them. Examples being income taxes and inheritance taxes.Both were aimed at the rich though since then they have found workarounds and now the middle and lower classes get fucked by then.So taxing the rich isn't a solution.
| >>804443 Taxing the rich can work, depends on where and how though. I haven't done too much research on this yet, just a video by some Brit monkey, but Georgism talks about land tax being a good way to reduce economic inequality.
| >>2458bc
Just stop posting, idiot.
>>804494
The sad thing is, if we tax the rich too much they'll move to another country and take their business with them. Everyone is hoping they'll spend their money within the country and it's considered a loss if all that money leaves to a tax haven.
Land taxes is a great idea though since you can't move away from that responsibility if you want to keep the land.
| >>804516 This an old talking point I used to believe until I lived in China and saw how much companies bend over backwards to appeal to the government. Billionaires aren't living where they live because of taxes. They have enough money to live and work anywhere they want in the world but they continue living where they are because they like that place. Every billionaire would be in Singapore if taxes were the concern
| As a third way national socialist the only really big problem I have with the rich is that they often don't care at all about serving the national interest. If only they maneuvered their big Kapital ships towards improving racial and social welfare... put it into education, affordable housing, health and national sanity...
Instead we have Chattel owner Jeff Bezos, Media manipulators, political dynasties, shit like the Koch brothers, fashion, fucking footballer millionaires...
| So much potential, and yet they choose to be an annoyance.
How can it be that we have multi-billion-dollar industries all about smelling better when you come out the shower? I'm pretty sure we could do something else with all of this!
https://www.youtube.com/watch?v=VAnxBOejsoQ
| >>804552
I'm not sure you can apply Chinese corporate culture like that onto any other country and expect the same results. When France raised their wealth tax their billionaires moved to neighbouring contries, for example. See, I can cherry pick too. Examples like these don't mean anything and I was hoping for a more scientific approach.
The problem isn't as black as white as you're trying to paint it, sorry.
| >>805218 I was talking about foreign companies operating in China. Companies trip over themselves to operate there but individually no billionaire moves there despite government incentives like permanent residencies. Your France point is particular to Europe which is much easier to relocate than someone from the US with low tolerance for adversity.
| >>805237
And I'm willing to bet that if a company really acts up in China, the CCP can just decide that it's going to own the business from then on.
| >>805237
Yes, foreign companies operate there because they want the chinese market. What, exactly, does this has to do with wealth tax? I'm afraid I'm not seeing your point, at all.
>>805244
They already do. If you want to operate in China you must allow CCP part-ownership of the company. Which is why many companies use subsidiaries for their chinese branches.
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| A way hedge funds bankrupt companies is trough dark pool abuse. If they're long on a stock, like Amazon for instance, they'll tank the price of its competitors by processing BUY orders trough dark pools (which won't affect price) and SELL orders on the New York Stock Exchange.