Let me get this straight.
Trump, the only president since Nixon not to release his tax returns, and who promised he would release his tax returns when he was president, is suing the government for $10 billion dollars in "damages" for leaked tax returns which reveal his corruption.
And his DOJ, which is run by his personal lawyer who he appointed as "Acting AG," is going to settle.
So the American people are now gong to personally pay a corrupt president $10 billion of our hard earned tax dollars, because his feelings got hurt when his shady tax returns were leaked?
Got it. 👌
“Billionaires already pay more taxes than you ever will” is one of the most financially illiterate arguments on this app because it confuses nominal dollars with effective burden.
A billionaire paying $500M in taxes sounds enormous until you remember they gained $20B in asset value while doing it. The relevant metric is percentage, not raw dollars. A teacher paying 22% of a $60k salary is carrying a heavier proportional burden than someone paying 8% while their wealth compounds tax-deferred through stock appreciation.
And this “their money was already taxed” line is mostly fiction at billionaire scale.
Middle-class wealth is usually income that got taxed, then saved. Billionaire wealth is overwhelmingly unrealized appreciation. Tesla stock going vertical did not mean Elon “earned” $100B in taxable salary. The shares appreciated. Under current law, that appreciation can sit untaxed for decades, get borrowed against for liquidity, then receive stepped-up basis treatment at death that can erase the embedded gains entirely.
That is not “double taxation.” In many cases it is functionally zero taxation on the primary mechanism of wealth accumulation.
People also weirdly talk about billionaires like they emerged from the forest carrying capitalism on their backs with no public inputs involved.
Their companies rely on:
public roads
public courts
public contract enforcement
public utilities
public universities
public research grants
public internet infrastructure
public IP law
public military-protected trade routes
public education systems producing labor
The modern corporation is not built in isolation. It operates inside an enormous state-supported framework.
And no, asking whether someone should contribute proportionally to maintaining the system that enabled $100B fortunes is not “greed.” That framing is emotional theater designed to avoid discussing the actual structure of tax law.
The real debate is simple:
Should labor income be taxed continuously while massive asset appreciation can compound largely untouched for generations?
That’s the argument. Everything else is distraction.
Remember when you used to get called a conspiracy theorist if you said the USA’s military budget is to blame for our lack of properly funded social programs?
Exposing a cabal of child predators when the work has already been done would be the EASIEST political win for a conservative president in the history of our nation. Conservative voters would go absolutely crazy with praise.
There is quite literally only one reason to suppress the truth around these documents and continue to protect those involved. You’re either highly implicated by the truth or your financial supporters are. It’s that simple.
People want to do mental gymnastics to make this into some 3d chess brilliant move on behalf of the administration. Which is stupidity. They broke the law and are more comfortable with dealing with the backlash than they are with simply complying. They’re highly implicated by the truth.
Federal agents in Minneapolis wrestled Alex Pretti to the ground and secured the handgun he was carrying moments before shooting him multiple times, according to a Washington Post analysis of video footage.
Read more: https://t.co/gs55sapKJH
FOR THE LAST TIME:
I am not a liberal
I am not a conservative
I am not a republican nor a democrat
I am not even a centrist
I like talking about basketball but now I have to speak out on things that people should know about, ICE is a terrorist organization funded by the DHS
@the1101@RottenTomatoes Fix your attention span before it’s too late good lord, god forbid you have to commit more than 20 minutes of thought to something