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Cake day: December 27th, 2025

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  • So, what’s wrong with that? You have a wealth tax on all wealth over $100 million. If you have wealth anywhere over say, $50 million, you hire an accountant to assess your business’s value. Everyone with that level of wealth already hires accountants. It’s a trivial additional burden. If your wealth is no where near the tax threshold, you don’t need to bother hiring an accountant to get a precise figure.

    And I’m going to say, it’s a great means to go after the assholes if they try to claim their assets are worth something different. I think we have a recent case of 34 felonies about that…


  • The famous athenian system where slaves were tortured for testimony because their testimony wasn’t admitted without torture because they would ‘otherwise lie?’

    The famous athenian system where the military quite literally marched 10 miles in one direction, then 10 miles in the other direction the next day because control of the army was transferred from day to day between different generals?

    The famous athenian system where a philosopher was sentenced to death because he was teaching the youth to think differently?*

    Sounds like democracy fails over and over again every time it’s tried. For every example you could make of communism always failing, somehow, you can make the same of examples with democracy or capitalism. Make better arguments, for the love of water.

    spoiler

    Well, slightly more complicated than ‘thinking differently.’


  • Businesses. I’ve seen ‘the back end’ of an upper middle class family with a business, and the ways the mother (the tax genius of the scheme) moved money around and labeled various things as expenses for businesses was wild. None of it was illegal, it just was clearly not the intended purpose of the tax laws. One example I clearly remember was sticking five cattle on each of the properties they purchased, and all taxes just disappeared (went from thousands of dollars to just… dollars) due to agricultural exemptions. All of the cattle and their care suddenly became expenses, because the labor they hired to care for them was somehow completely deductible or expensable or however the law looked at it, which allowed them to shuffle money from another business to make it look negative…

    and so on and so forth. I think they had more than four businesses that were legally separate (and incorporated, with the board being family members [and those family members are part of a trust that let even more shenanigans happen]) but supported the way money was shuffled. This was for a family that, at most, made ~ $500,000. Super high, above that 1% mark, but not even close to the insanity that the truly wealthy can pull off. Anything business related opens up an exponential number of ways to move money, even while using it, compared to the options a casual income-only tax-payer has.

    As much as we can point at ‘Trump, dumb’ and tell ourselves that the rich are stupid but lucky, the majority are not at his level. They hire (multiple) people making six figures to manage their money because that investment pays off.





  • Had the exact same thought. My visit to san fran was hilarious, because looking across the bay, you could see the sunshine on the north side, while the south was blanketed in light mist and fog. Our brief visit to the north side to see the muir woods was the exact opposite: sitting in sunshine while looking at a dreary, shrouded place across the water.