EngSense

Engineer, thinker, investor, runner

[EngSense @EngSense]

@amelia_tweetz It's mostly stock and not cash. It's ownership in companies. For example, Elon's wealth is in his ownership of SpaceX. If he gives piles of money away, he loses control of the company.

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@UziCryptoo For sure. And then we just pump more money into the system, drive inflation to extremely high levels, and no one can afford anything. Money is a scarcity.

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@muheediva01 And companies should not be able to increase wages unless employees has more kids?

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@SeanCarleton There is no way you are a real person. No sane person pushes for criminalization of speech (that does not incite violence).

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@mario_canseco What! Are these people insane? They block every energy project which would bring additional wealth and people, they create uncertainty around land ownership by these crazy rulings....but yes, easier to blame someone else! 🤦‍♂️

[EngSense @EngSense]

@vancitysense @notthatkhalid But them employ some, and construction employs many, and the facility pays tax.

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@CheriDiNovo We don't need a wealth tax, we just need to fix legal loopholes in the tax system. Politicians don't want to do that though

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@AlexBores Why don't you focus on fixing problems in NY? This is exactly why the swamp needs to be drained.

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@MCL_CA @RafeefGarbi Sure we do. AI computing is the future. If we don't jump in, other countries certainly will and we will be exporting our dollars to them. I use AI every day to be more productive - not surveillance.

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@NYCMayor should we tax the customers that order the products and want fast delivery? Also, doesn't it save fuel and reduce C02 due to economies of scale? You realize Amazon will just pass the costs onto customers so you are effectively taxing New Yorkers and not Amazon! #dumb

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@AidanSimardone Umm this is how people's lives get better - tax income, jobs, growth. Also, this will take multi years to build. This is private investment by the way...

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@tboyblues Who are "they"? This is private investment...not the government..... the government doesn't build housing, private investment does. There are currently 50K. There are currently 5000-10000 unsold condos in Vancouver right now....

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@capexbt What happens today is the following:

1) I borrow mine and use shares I own as collateral.

2) I pay a low interest rate on the loan, and avoid paying a much higher rate income tax.

3) I continue this forever and essential differ income tax.

This needs to change!

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@capexbt Instead of wealth tax, let's just close the tax loopholes that allows people to borrow on assets (take on debt) to avoid taxes. Even Trump brought this up during the debates.

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@Kristinartz Isn't retiring age whenever a person saves up enough wealth to stop working? It seems few want to to delay spending and retire early.

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@ATLCWorker And then try taking half the child's sandwich and toys to give to other kids. 😭.

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@Nithya_Shrii Hmm so there should be no homes for rent you are saying? Investors fund the construction of new homes and without investors, no new homes are built. Now the government could instead fund housing, however that would bankrupt the country....think bigger!

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@guyfelicella It's not real wealth. He started a company and because people want to own some of his company, on paper people say he is worth that much. He is doing great things for humanity.