• 0 Posts
  • 30 Comments
Joined 1 year ago
cake
Cake day: November 12th, 2023

help-circle














  • The thing a consumption tax fixes is eliminating all the tax avoidance schemes. People living off their wealth don’t pay high taxes, they take out loans against their wealth and pay the loan back at 5% instead of the 20% capital gains tax. Carl Icahn, an investor was able to pay no income tax using this scheme. He had an adjusted gross income of $544 million but deducted it all from paying his 1.2 billion dollar loan.





  • I understand your point just fine. Your goal of protecting people from large corps is met but it doesn’t protect people from other people.

    If a drunk driver hits you and has half your wealth you’re only getting half the value of your car. I doubt very much the 30 day license suspension and points on their license will make up for that.

    Restitution only includes reimbursent to get them back to the state before the crime happened. It’s just for damages directly caused by the crime. In the case of piracy no direct damage occurs so there would not be $14m in criminal restitution.