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noogie2988

"OOOO IT'S NOT SO HARD TO FIX PROBLEM X
WE JUST NEED TO HAVE OUR PEOPLE IN CHARGE OF THE ENFORCEMENT INSTEAD OF PROBLEM X LOVING PEOPLE"

I WISH IT WASN'T SO HARD TO PUT OUR PEOPLE IN CHARGE OF ENFORCEMENT

RT: https://ariamispainted.world/objects/f1086f4c-04b1-437c-9024-bb5a4c7bbee2

john_darksoul

@john_darksoul@ariamispainted.world remote

@nugger Rude. But yea most of the solutions to our problems are downstream of us being slaves.

Sick Burn, Bro

@sickburnbro@poa.st remote

@john_darksoul @nugger what are you talking about "taking out loans" - that's for the middle class

Sick Burn, Bro

@sickburnbro@poa.st remote

@john_darksoul @nugger bezos spends $25 mil/year to maintain and operate his superyacht

john_darksoul

@john_darksoul@ariamispainted.world remote

@sickburnbro @nugger What's his net worth little niggy? People with that much money do not "cash out" lightly. Even if the asset they're holding the wealth in is likely to drop it would have to drop more than the rate of taxation for it to be worth it (assuming they couldn't roll it into another asset). This is common practice when you're that rich. When people that rich liquidate an asset, it makes the financial news.

Sick Burn, Bro

@sickburnbro@poa.st remote

@john_darksoul @nugger If you are rich there are a lot of ways to make the money work. It's just a simple fact of things.

I'm sure he could for instance, dock the yacht, skip most maintenance, lay off staff and save 10 million a year.

Using assets as collateral is just a high class version of pawn shops. The only difference is that you tend to know the bankers so they'll put an extra 20% of value on things to make numbers work.

But the more critical point is: if you are 10mil in total net worth more more - why are you even taking out a *personal* loan?

If you've buying a super expensive house, well that's it's own collateral.

john_darksoul

@john_darksoul@ariamispainted.world remote

@sickburnbro I don't want to be rude to you, but are you aware of the fact that wealthy people utilize significant amounts of leverage to avoid paying taxes? I'm not trying to insult you, I just want to keep the thread on track with the OP. Do you understand that that is a thing that happens and it doesn't just happen a little it happens a lot?

Wanderer atop the sea of clouds or whatever

@WandererUber@poa.st remote

@john_darksoul I'm not running interference but since you made this point in the abstract now
>wealthy people utilize significant amounts of leverage to avoid paying taxes?
could you explain why this is bad? Why is it not bad that little people pay so much tax, but rather that wealthy people pay so little?

Sick Burn, Bro

@sickburnbro@poa.st remote

@WandererUber @john_darksoul asking who? me?

Replying to @sickburnbro@poa.st

Wanderer atop the sea of clouds or whatever

@WandererUber@poa.st remote

@sickburnbro @john_darksoul no

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