@UmeshMoramudali It’s always a spending problem, not a revenue problem. That’s something socialists would never understand; adding more water won’t fix the hole in the bucket 😬!
3 Communists walk into a bar, one orders a $15 mixed drink, one a $10 Martini, and the other a $6 beer. When the bill comes, based on their mantra, they are forced to split the bill equally.
Next week, the three, once again, return to the bar, but this time, they all ask for separate checks, so the bartender asks them, why aren’t they splitting the bill equally, since in communism, everyone pays the same fair share. The three communists reluctantly agree, and once again split the check 3 ways.
The following week, the three communists return, but with a mob of devoted followers, and protest the bartender, to change the prices of all their drinks, to the cheapest drink on the menu.
In fear of his business vandalized or burned down, the bartender agrees. So the following week all the communists come in and enjoy their $6 equally priced drinks, and celebrate the successes of communism.
The Communists continue this for several more weeks, until one Friday they return to the bar, to find it closed, with a sign out front, stating that the bar is out of business.
And that comrades, is how communism works.
why not just raise income tax rates?
because your real intent is not to just “provide healthcare”.
you’re masking that you are proposing the creation of, for the first time in the 250 years of this American republic, an organized government seizure of private property from citizens.
you’re calling it a “wealth tax” or a “billionaires tax” or “millionaires tax” or whatever nom du jour polls well. but at the end of the day, it’s the seizure of private property from citizens by the government. citizens that earned money, paid their fair taxes on those earnings (53% if they live in California) and are now being told they need to hand over after-tax assets because the government has failed to provide promised services with the revenue it’s collected, and are now re-casting their own failure to be a socio-economic inequity that must be justly resolved... a slippery slope that has never gone anywhere good (see economic effects in USSR, Cuba, Venezuela, France and Norway wealth tax etc.)
the American founders fled tyranny in Europe and this amazing nation was populated by immigrants (myself and your parents) from around the world not just looking for a “better life” but for a place where they could have freedom from tyrannical governments that can take what they want from private citizens. a great nation borne of property rights, the rule of law, and endowed freedoms to believe, speak, or act. these principles led to the greatest run of innovations, successes, and widespread increase in prosperity, for all citizens, ever seen.
the citizens, the individuals, not the institutions, delivered this progress. those who invented, who toiled, who bled, who sacrificed, who took risk and persevered, who led, and who changed the world, are not charlatans, kleptocrats, or oligarchs. they’re what made us all better off. prosperity is a measure of america’s success, not its failure.
it is your principle that is so offensive, as evidenced by the broad disdain for your flippant flirtation with the darkest of human fantasy - socialism. you and other neo-socialists have led so many of us to reflect on America’s history and what it is becoming. that now leads so many to consider, so unnecessarily, leaving their homes for a place where everyone stands up to shout down the principle you suggest. because if your ideas are now considered moderate, it’s clear this titanic is sinking.
that a “simple tax” of taking assets that have been earned, through toil and tribulation, rightly taxed, and preserved, should now be unjustly seized, is your solution to a problem of obvious government mismanagement and outright fraud, tells us that your true motivation lies not in giving people healthcare but in cutting down success and deleting the system of prosperity and opportunity for all.
i don’t care, and neither should anyone else, what the sum total market value of a private citizens private assets might be. it is none of my business and should be none of yours. because, again, once you open that pandora’s box, we might as well study Lord of the Flies … there is literally nothing stopping 51% of citizens demanding that their government go out and seize 100% of the private property of the 49%.
want to give healthcare to people in need? do your job and fix healthcare. make it affordable. want to be lazy about it? then do your job lazily and raise income taxes.
want to take private property from private citizens who have paid their fair share of taxes and legally earned their property, then honestly declare that it is envy, not inequity, that you strive to resolve…
@gayaradesilva Counties do things as they fit. Peso was fixed before Milei floated. shock therapy is the 1st of 3 steps plan. Real plan was also aggressive and had a lot of similarities to Milei’s if you care to read the details. I disengage as well coz all you provide is words w/out details.
@gayaradesilva https://t.co/tW556JLWfB was not at hyperinflation but was getting there. Yeah SL absolutely did collapsed the demand:higher interest rates, import restrictions, fuel quotas, stopped money printing. Rupee was already floating. This is before imf bail money.IND&BAN bail us as well.
@gayaradesilva 2/ you don’t have rss to increase production when hyperinflation hits. Then Milei’s deregulations will systematically increase the supply side to stable the economy. What do you suggest to do when a country is at 300%+YoY inflation?
(SL did the same. Got out of the crisis.)
@gayaradesilva Yeah crashing the demand by taking the money out of economy, through reforms. He did it. Higher interest rates, stopped gov spending, stopped money printing applies brakes to a 300% YoY inflation. Cry about 50% devaluation, it was falling 25% MoM and more.
@gayaradesilva He cut gov spending, and stopped money printing. That’s the bitter pill when a country is in a free fall. Again, what’s wrong with backing up that guy?
@PasinduSenanay7@HarshadeSilvaMP Yeah she’s a worker, but there are no facts in her claim. It’s an empty accusation. Tell us what coworkers said harsha’s friends did, then the claim has a little weight.
@pradeeban Yeah that I know. So assuming he’s a tourist, he may not know that’s it’s uncommon to ask such questions around AK. my point being it’s unfair to call one racist just because he initiated a conversation.