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 Post subject: Re: ProPublica
PostPosted: Mon Jun 14, 2021 1:23 pm 
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even if the wealthy take loans out against their wealth they pay it and taxes on it at some point right?


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 Post subject: Re: ProPublica
PostPosted: Mon Jun 14, 2021 1:30 pm 
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Brick wrote:
We've had the weekend to think it over. Anyone have any bright ideas on how to tax gains on things you own but haven't sold?

Since SS didn't like my lottery example because of a technicality on the amount of time normally required to turn it in, how about this?

I become the world's most famous painter. I go to my basement and paint 10 paintings that are the same. I sell painting 1 for $10 million to JORR and pay tax on that. For the other 9 paintings, I just keep them stored in my basement. My net worth is now $100 million based on those paintings. When should I be taxed on the value of the other 9 paintings? What if I keep them for 20 years in my basement because I am fine living off the money I already made and don't need or want more?


Perhaps the better question is whether or not it is ethical for people to amass billions and billions of dollars and then work backwards from there.

No need to point out that my view of whether or not having billions of dollars is ethical is entirely dependent on my not having billions of dollars.

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 Post subject: Re: ProPublica
PostPosted: Mon Jun 14, 2021 1:37 pm 
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SpiralStairs wrote:
Brick wrote:
We've had the weekend to think it over. Anyone have any bright ideas on how to tax gains on things you own but haven't sold?

Since SS didn't like my lottery example because of a technicality on the amount of time normally required to turn it in, how about this?

I become the world's most famous painter. I go to my basement and paint 10 paintings that are the same. I sell painting 1 for $10 million to JORR and pay tax on that. For the other 9 paintings, I just keep them stored in my basement. My net worth is now $100 million based on those paintings. When should I be taxed on the value of the other 9 paintings? What if I keep them for 20 years in my basement because I am fine living off the money I already made and don't need or want more?


Perhaps the better question is whether or not it is ethical for people to amass billions and billions of dollars and then work backwards from there.
It's still the same question. They don't have billions of dollars. That's easy. They pay taxes on the billions of dollars they have pulled out of the thing that made them a billionaire. It's about something they own that had it's value increase so much that they now have something that could be sold for billions of dollars if they wanted to.

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 Post subject: Re: ProPublica
PostPosted: Mon Jun 14, 2021 2:22 pm 
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ok

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 Post subject: Re: ProPublica
PostPosted: Mon Jun 14, 2021 3:28 pm 
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Brick wrote:
We've had the weekend to think it over. Anyone have any bright ideas on how to tax gains on things you own but haven't sold?

Since SS didn't like my lottery example because of a technicality on the amount of time normally required to turn it in, how about this?

I become the world's most famous painter. I go to my basement and paint 10 paintings that are the same. I sell painting 1 for $10 million to JORR and pay tax on that. For the other 9 paintings, I just keep them stored in my basement. My net worth is now $100 million based on those paintings. When should I be taxed on the value of the other 9 paintings? What if I keep them for 20 years in my basement because I am fine living off the money I already made and don't need or want more?

Even better: If you die your paintings will immediately be worth far more and then JORR would have to worry about capital gains.

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 Post subject: Re: ProPublica
PostPosted: Mon Jun 14, 2021 3:39 pm 
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Zippy-The-Pinhead wrote:
Brick wrote:
We've had the weekend to think it over. Anyone have any bright ideas on how to tax gains on things you own but haven't sold?

Since SS didn't like my lottery example because of a technicality on the amount of time normally required to turn it in, how about this?

I become the world's most famous painter. I go to my basement and paint 10 paintings that are the same. I sell painting 1 for $10 million to JORR and pay tax on that. For the other 9 paintings, I just keep them stored in my basement. My net worth is now $100 million based on those paintings. When should I be taxed on the value of the other 9 paintings? What if I keep them for 20 years in my basement because I am fine living off the money I already made and don't need or want more?

Even better: If you die your paintings will immediately be worth far more and then JORR would have to worry about capital gains.


I am guessing these paintings would be like the portrait of Dorian Gray.

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 Post subject: Re: ProPublica
PostPosted: Mon Jun 14, 2021 8:28 pm 
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I think the billionaires club gets together and decides on a one billionaire that take all the heat for all the other billionaires (or multi-millionaires because billionaires don't actually exist). Meanwhile they continue their shady shit while the Bezos' and Gates' of the world run cover.

When is the last time the Sackler family was in the news?

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 Post subject: Re: ProPublica
PostPosted: Tue Jun 15, 2021 6:47 pm 
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https://www.businessinsider.com/amazon- ... age-2021-6

How could these ingrates do this to our lovely and noble friend Jeff Bezos? Don't they understand that he doesn't have any liquid cash right now?

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 Post subject: Re: ProPublica
PostPosted: Tue Jun 15, 2021 6:50 pm 
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SpiralStairs wrote:
https://www.businessinsider.com/amazon-warehouse-turnover-worker-shortage-2021-6

How could these ingrates do this to our lovely and noble friend Jeff Bezos? Don't they understand that he doesn't have any liquid cash right now?


They can always raid WalMart

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 Post subject: Re: ProPublica
PostPosted: Tue Jun 15, 2021 6:57 pm 
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 Post subject: Re: ProPublica
PostPosted: Tue Jun 15, 2021 7:45 pm 
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Good guy, probably buys drinks


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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 12:02 am 
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SpiralStairs wrote:
I think the billionaires club gets together and decides on a one billionaire that take all the heat for all the other billionaires (or multi-millionaires because billionaires don't actually exist). Meanwhile they continue their shady shit while the Bezos' and Gates' of the world run cover.

When is the last time the Sackler family was in the news?


Image

leona helmsley - "We don't pay taxes; only the little people pay taxes" - sometime in the 1980s.


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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 7:36 am 
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There are a lot of things not to like about Amazon. Sadly, a lot of it is consumer driven. Just look at how insane some people get when gas prices go up 30 cents. They want their cheap stuff and don't really care about anything else. Even now, it's "Arby's can't hire anyone with their offer of $11/hr! Curly fries are going to have to raise in price!".

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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 8:55 am 
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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 9:14 am 
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Brick wrote:
There are a lot of things not to like about Amazon. Sadly, a lot of it is consumer driven. Just look at how insane some people get when gas prices go up 30 cents. They want their cheap stuff and don't really care about anything else. Even now, it's "Arby's can't hire anyone with their offer of $11/hr! Curly fries are going to have to raise in price!".


Our desire to consume all things at all times is what ensures no change will ever occur. Who gives a flying fuck about some HS drop-out or retiree pissing into a bottle in an Amazon fulfilment center, the newest season of Jack Ryan was just released!

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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 9:20 am 
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SpiralStairs wrote:
Brick wrote:
There are a lot of things not to like about Amazon. Sadly, a lot of it is consumer driven. Just look at how insane some people get when gas prices go up 30 cents. They want their cheap stuff and don't really care about anything else. Even now, it's "Arby's can't hire anyone with their offer of $11/hr! Curly fries are going to have to raise in price!".


Our desire to consume all things at all times is what ensures no change will ever occur. Who gives a flying fuck about some HS drop-out or retiree pissing into a bottle in an Amazon fulfilment center, the newest season of Jack Ryan was just released!

Pretty much. Though the government should step in and do something but even that won't be popular with voters.

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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 9:35 am 
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its not just billionaires. many business owners who are successful have a deep rooted disdain for their employees. they believe no one has worked as hard as they have to build what they've built. Not all of them certainly but its a lot of them.


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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 9:39 am 
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Agreed, but let’s stay focused on the major issue here.

Billionaires are bad for society.

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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 9:41 am 
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But are they? They give us the jobs we need to buy stuff to fill the void inside ourselves.

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The menstrual cycle changes among Hassidic Jewish women was something as well.


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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 9:46 am 
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SpiralStairs wrote:
But are they? They give us the jobs we need to buy stuff to fill the void inside ourselves.



Hmmm...

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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 9:50 am 
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Seacrest wrote:
SpiralStairs wrote:
But are they? They give us the jobs we need to buy stuff to fill the void inside ourselves.



Hmmm...

Indeed


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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 9:59 am 
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Jbi11s wrote:
Agreed, but let’s stay focused on the major issue here.

Billionaires are bad for society.

Why?

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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 10:03 am 
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Nardi wrote:
Seacrest wrote:
SpiralStairs wrote:
But are they? They give us the jobs we need to buy stuff to fill the void inside ourselves.



Hmmm...

Indeed


Quite

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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 10:32 am 
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Brick wrote:
SpiralStairs wrote:
Brick wrote:
There are a lot of things not to like about Amazon. Sadly, a lot of it is consumer driven. Just look at how insane some people get when gas prices go up 30 cents. They want their cheap stuff and don't really care about anything else. Even now, it's "Arby's can't hire anyone with their offer of $11/hr! Curly fries are going to have to raise in price!".


Our desire to consume all things at all times is what ensures no change will ever occur. Who gives a flying fuck about some HS drop-out or retiree pissing into a bottle in an Amazon fulfilment center, the newest season of Jack Ryan was just released!

Pretty much. Though the government should step in and do something but even that won't be popular with voters.


they are the govt.

they ghostwrite legislation or influence lawmakers to legislate friendly tax laws.

jeff bezos, trump or leona helmsley didn't invent this. who enabled them?

look at the 45 year man in biden. joe lunchbox. as phony as a $3 bill.


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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 11:16 am 
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SpiralStairs wrote:
Nardi wrote:
Seacrest wrote:
SpiralStairs wrote:
But are they? They give us the jobs we need to buy stuff to fill the void inside ourselves.



Hmmm...

Indeed


Quite

The sooner we abandon consumerism, the sooner we can fill the void with resentment. Many recruiters on standby.


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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 11:25 am 
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Nardi wrote:
SpiralStairs wrote:
Nardi wrote:
Seacrest wrote:
SpiralStairs wrote:
But are they? They give us the jobs we need to buy stuff to fill the void inside ourselves.



Hmmm...

Indeed


Quite

The sooner we abandon consumerism, the sooner we can fill the void with resentment. Many recruiters on standby.



You post in the politics section. :lol:

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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 11:49 am 
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SpiralStairs wrote:
Since SS didn't like my lottery example because of a technicality on the amount of time normally required to turn it in, how about this?

I become the world's most famous painter. I go to my basement and paint 10 paintings that are the same. I sell painting 1 for $10 million to JORR and pay tax on that. For the other 9 paintings, I just keep them stored in my basement. My net worth is now $100 million based on those paintings. When should I be taxed on the value of the other 9 paintings? What if I keep them for 20 years in my basement because I am fine living off the money I already made and don't need or want more?
But would you have to pay tax on all of the free beers you receive at local watering holes, Elmhurst Rick?

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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 12:14 pm 
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Jbi11s wrote:



Apparently the plan to hire "wicked smart" managers right out of college isn't working out that well. A good friend of mine was an executive his entire career. He had a few good jobs, but the last company he was working for shut down a couple years before he hit retirement age. He went to work at Amazon just to keep him in health insurance and for a little walking around money. He's the smartest guy in the place by far. Managers come and ask him advice. The other employees prefer to ask him questions rather than going to the managers who are fucking shit up. But he's just another guy packing boxes. He can see ways to improve stuff and sometimes he mentions it, sometimes he doesn't. Once in awhile a manager will take his advice and then take credit for it. My guy doesn't care. They approached him about a management position. NOT INTERESTED. But guaranteed he could run the place a lot better than the "wicked smart" people he reports to.

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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 12:17 pm 
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One of my best friends is a high level recruiter for Amazon’s tech stuff. They treat everyone but the hourly folks like royalty apparently.

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 Post subject: Re: ProPublica
PostPosted: Wed Jun 16, 2021 12:26 pm 
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pittmike wrote:
One of my best friends is a high level recruiter for Amazon’s tech stuff. They treat everyone but the hourly folks like royalty apparently.



Maybe that's the skilled employees. My guy says that the people managing the shipping aren't really treated that well. Better than the hourly drones, but not great.

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