Billionaires will do literally anything but income tax. - ThreadSky

aaronsojourner.org • 59 days ago

Billionaires will do literally anything but income tax.

Comments

flatirons.bsky.social•28 days ago

Andreeson is another monstrous piece of shit. And he's dead wrong more often than not.

totoole.bsky.social•59 days ago

a coupla tirds sittin around talkin. marc, for the love of god, stop trying to oligarch u pos.

ljoeckel.bsky.social•59 days ago

Anything on Elon's propaganda network is bs- National Enquirer level information.

jumbanho.bsky.social•59 days ago

My analysis of that graph is that tariffs prevented the invention of digital computers.

jamesxmyall.bsky.social•59 days ago

I know I’m overthinking this but I can’t believe anyone would think 1910 was the peak of American wealth

lindakaboolian.bsky.social•59 days ago

Of course it matters "whose wealth" he's talking about.

zever.bsky.social•59 days ago

Morons, both of them. And Andreessen is a prime example of the brain damage caused by too much money and being surrounded by yesmen.

aaronsojourner.org•59 days ago

... or wealth tax.

aaronsojourner.org•59 days ago

https://bsky.app/profile/aaronsojourner.org/post/3laeuqaxxve2m

aaronsojourner.org•27 days ago

Billionaires will do literally anything but income tax.

imperiledreader.bsky.social•27 days ago

Well, his tariffs certainly are fantastical, so on one level, i guess the response is fantastic.

wanderingvoron.bsky.social•59 days ago

Just look how great that turned out back in the 1920s & 30s

alemartinello.com•59 days ago

Isn’t it fully transparent that they want that as taxes on consumption tend to be regressive?
I am sure American media picked up on that? Right?

aaronsojourner.org•59 days ago

They falsely claim tariffs, (import taxes)are paid by foreigners, not Americans. Many Americans believe them.
https://www.theguardian.com/us-news/2024/nov/26/trump-tariffs-prices-harris-poll

brooklynkid53bskys.bsky.social•59 days ago

Aaron
is there a write up that explains for normies like me , how
Exchange rates and lower prices from the tarifffees (eg Chinese) work here ?

to me, it seems that exchange rates and lower prices from say Chinese could work to offset tariffs ?
not clear to me, sorry

aaronsojourner.org•59 days ago

The working paper @piie.com models the effects of Trump's proposed tariff (tax on imports) policies, describing and quantifying the most important mechanisms.
https://www.piie.com/publications/working-papers/2024/international-economic-implications-second-trump-presidency

alemartinello.com•58 days ago

Reminds me a bit of the flat tax scheme pushed by the Italian right, which found great support among low-income voters despite that the tax burden would have increased for them with a flat tax. Because they did not know the difference between marginal and average tax rates

saxonwaker.bsky.social•59 days ago

Especially billionaires who made their money in industries that aren’t impacted by tariffs.

And of course, using a percentage of revenue as a measurement from a time before we had a massive standing army or Medicare and Social Security existed is laughably misleading.

matthewo.bsky.social•59 days ago

We import less than 4 trillion and annual expenditures are on the order of 7 trillion. I know math is hard, but good lord.

cromulentdoh.bsky.social•59 days ago

But this also just shows no understanding of our country, history, the economy. He’s so dumb it’s crazy

geelb2024.bsky.social•59 days ago

Lies, lies and more lies.

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