Anonymous magenta_lungs 3d

also human society has always been unequal, society has never existed without inequality, it’s naive to think we can achieve equality while maintaining the systems we’ve built

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Anonymous magenta_lungs 3d

we are literally going into debt borrowing money from China to pay for bigger tax cuts, at a time when productivity is increasing due to AI despite a crippled employment market and severe issues with the prices of basic necessities. This is worse than Medieval Feudalism, this is a sadistic ritual sacrifice of our civilization and population for a handful of tech billionaires. Decadence and lack of foresight don’t begin to describe it.

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Anonymous #1 3d

You are wrong and stupid.

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Anonymous justinian 3d

Posting from your cellphone in the richest country in the world talking about “worse than medieval feudalism” and then you wonder why people don’t take you seriously…

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Anonymous #3 3d

Okay, tell me where it’s wrong? Have you taken any economics classes?

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Anonymous #1 3d

I’d rather die than listen to that Satanic propaganda.

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Anonymous #1 3d

I wasn’t referring to the level of comfort, I was referring to the abject level of civilizational foolishness of borrowing money from a rival country for more tax cuts in these sorts of conditions. AI is making capital more productive than ever as the quality of life for 99% of Americans worsens every year. If an Ancient or Medieval court official proposed something equivalent to this, they would be accused of being possessed by a demon. (perhaps understandably)

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It isn’t just about current residents moving. It’s about where the next generation of entrepreneurs chooses to start their businesses. Also, even if individuals don’t move, their capital does. In a globalized economy, wealthy individuals can easily shift investments to lower-tax jurisdictions without physically moving. High taxes are often seen by businesses as a hostile environment. That can deter high-paying jobs and corporate HQs in the first place.

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Also, investing in assets like corporate bonds and stocks provides the necessary liquidity and capital for companies to expand and grow. Lower taxes on capital gains and high income encourages people to take risks. Otherwise the wealthy will just take safe unproductive bets like government bonds. Plus supply-side economics suggests increasing the supply of goods drops the prices for everyone including the lower and middle classes. It helps everyone.

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Silicon Valley’s past success is not a green light for future tax hikes, as the “network effect” is rapidly eroding. While the Bay Area was once the only place to find specialized talent, the rise of remote work has globalized the labor pool, making high-skilled workers more mobile than ever.

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California’s 2026 Billionaire Tax Act and record-high 13.3% income tax are already driving high-profile founders and headquarters, including Oracle, Tesla, and Chevron, to lower-tax states like Texas and Florida. Relying on prestige to justify 50th-place business climate rankings is a dangerous gamble. When taxes are high but public services like schools and safety decline, the club membership fee stops being worth it. Eventually capital and talent stop eating the taxes and go elsewhere.

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The idea that wealth flight is a myth shows you haven’t actually read all the studies, the studies show mixed results rather than definite flight or definite no flight, your bias is clear http://en.people.cn/n3/2024/0214/c90000-20133493.html

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It’s not just one study, ask any economics professor and they’ll tell you there’s no consensus on capital flight, the idea that you know more about economic policy than experts is ludicrous

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https://www.ntu.org/foundation/detail/new-irs-data-shows-states-with-favorable-tax-codes-attract-wealthy-taxpayers

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Dismissing studies based on the POV and author, average left wing anti science nonsense

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Anonymous #1 3d

Comparing economists to scientists is funny. They’re more like Church Pastors, peddling biased lies.

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Anonymous #3 3d

Just bc you disagree with them doesn’t make them biased lies, this is why people can’t take liberals seriously and why you guys keep losing elections, because all they do is insult and discredit everyone who doesn’t agree with them

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Anonymous #1 3d

I knew you were the brainlet who made this comment lmfao God you really only produce bad takes and lies. Stupid rightoid 😆

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Anonymous #3 3d

this isn’t even me, I would admit if it was but it’s not

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