New Author. Former Lawyer. Husband. Father of Two. Weight Lifter. Amateur Astronomer. Save America and Stop Communism and Marxist Left Through Culture.
Here's a great way to help with the affordability crisis - end mandatory auto insurance. I've been paying auto insurance for 35 years. Never made a claim. All that money I paid is just gone; never invested; never had the opportunity for compounded gains.
NEW JERSEY HELD HOSTAGE 🚨
The next Governor of New Jersey needs to seize full control of Atlantic City, send in the National Guard, and restore law and order so the local economy can thrive.
Democrats are KILLING a place with such amazing potential.
@Rothmus This tells you all you need to know about the difference between republicans and democrats. Republicans do things a lot better for way lower in cost.
...are you completely retarded?!
Pray tell, what EXACTLY do you think happens when you force a 3% ANNUAL wealth tax?
It's not sitting in a fucking bank account you imbecile, it's EQUITY IN A COMPANY.
To pay 3% in real money he has to dump tens of billions in shares EVERY YEAAR, which drops the price of the stock for EVERYONE.
Tesla sits in the S&P 500. Which means it sits in your index fund. Your 401(k). The teacher's pension. The firefighter's retirement. The savings of every working person who never made a dime off Elon Musk and never asked to.
And it's worse, because the tax eats itself EVERY YEAR!!!
Every share he dumps to pay that tax, he owes capital gains tax on. So he sells more to cover that. Then more next year, off a base you just shrank.
You don't collect a clean $33 billion. You collect less and less while doing more and MORE damage on the way down.
Wealth taxes are the single stupidest idea ever.
America was created because the English taxed the sh*t out of our four fathers and they decided they had enough.
We are now living in a country where people think taxing individuals with large sums of money or even individuals who make an average income is the right approach to growing our economy.
That’s so far from the truth.
We need to lower taxes on things like capital gains, property tax and income tax to help the average joe be able to live the life they want to live.
You take the taxes earned and you invest them into places that increase people’s happiness, increase productivity and efficiency and that earn dividends over time.
I don’t understand how people can go along with elected government officials trying to enact new income and wealth taxes.