@vicfroh I have the opposite problem:

Why are billionaires nit forced to pay their fair share as well?

  • If I've to stomach 20% of my paycheck fir health insirance, than they can do the same!

  • Also billionaires too xan become insolvent, disabled / unable to work, unemployed / without income and then what? Why ain't they obligated to pay into the same social systems?

The fact that #CapitalGains ain't taxed like #WageWork and that #BuyBorrowDie is a legal way to even skirt any #taxation is the Problem!

@kims the fact that #BuyBorrowDie is legal and that people literally spending millions in luxury items pay less #IncomeTax (and neither #SocialSecurity nor #Healthcare) than their workers is the problem!

Cuz #WageWorkers don't get to avoid paying #taxes and #fees jusz by being paid in #shares (or items) in lieu of fungible money.

https://www.youtube.com/watch?v=t6V9i8fFADI

How the rich avoid paying taxes

YouTube

@androcat @mxsparks
IMHO credit scoring only exists to #discriminate against low-income #wageworkers and favour #jobless #billionaires without actual income and no real collateral.

@GhostOnTheHalfShell @economics_that_works That's intentional, whereas #billionaires and even #millionaires don't have to even pay the same amount of #IncomeTax because they don't do "#WageWork" but #BuyBorrowDie so they don't even pay #CapitalGainsTax most of the time!
@MxVerda IMHO the fact that #BuyBorrowDie is legal and the fact that #CapitalGains are not #taxed (and subject to fees and dues like #healthcare, #SocialSecurity, etc.) at least as much as #WageWork is literal #ClassWarfare...
@darrigomelanie.bsky.social the top is already defended against income tax like this. They pay themselves a salary of $1 (taxed), then take out millions in loans (untaxed) so they can buy their yachts. When they're dead the bank gets the money back from their estate. No pesky taxation involved. #BuyBorrowDie

@cdarwin and yes, with #BuyBorrowDie the ultra-wealthy can basically skirt any #taxation as #Musk and #Bezos merely take their #shares as #collateral and by the time they're due to pay their #loans they've already gotten new shares and they just get the taxes on selling off shares written up against the "debt" incured.

  • Just like their corporations legally avoid any #CorporateTaxes by pulling accounting tricks to claim they ain't profitable, they too avoid #IncomeTax or anything else that would offset the #harm they cause to society.

https://www.youtube.com/watch?v=t6V9i8fFADI
https://www.youtube.com/watch?v=8pBPZMUcsh0
https://www.youtube.com/watch?v=XinWJC9C06E
https://www.youtube.com/watch?v=DPdMvreKMTM
https://www.youtube.com/watch?v=TH-xzo5hZfY
https://www.youtube.com/watch?v=o5d9K579d6A
https://www.youtube.com/watch?v=KHCwDcbUmgg
https://www.youtube.com/watch?v=b2M4QTHSKDU
https://www.youtube.com/watch?v=zkRpwGpY1C8
https://www.youtube.com/watch?v=DR565U9BYA8

How the rich avoid paying taxes

YouTube