| US presidental race could be about to get interesting 07:30 - Nov 8 with 1969 views | StokieBlue |
Bloomberg is seriously considering entering the race next week as a democratic candidate.
Liberal views with vast wealth (53bn at the last count) to compete against Trump. Also very much for gun control and funds many gun control campaigns. Certainly a fair number of critics as well though for various gentrification projects.
Possibly can't win but changes the dynamic quite a lot given Trumps insistence on boasting about wealth and being successful. Bloomberg is genuinely successful.
https://www.theguardian.com/us-news/2019/nov/07/michael-bloomberg-2020-election-
As an aside, why are so many presidential candidates so old? Bloomberg is 77.
SB |  |
| Avatar - IC410 - Tadpoles Nebula |
| |  |
| US presidental race could be about to get interesting on 07:59 - Nov 8 with 1933 views | Guthrum |
Remember reading articles 20 years ago thinking he'd make a decent, reasonably progressive POTUS.
Actually, in this cycle there's a lot of very young candidates for the Dems (tho they are unlikely to be selected). Think this is more a last hurrah for some of a generation who grew up in the post-War boom and shaped their views in the 1960s and '70s, before Reagan changed US politics. |  |
| |
| US presidental race could be about to get interesting on 08:02 - Nov 8 with 1925 views | StokieBlue |
| US presidental race could be about to get interesting on 07:59 - Nov 8 by Guthrum |
Remember reading articles 20 years ago thinking he'd make a decent, reasonably progressive POTUS.
Actually, in this cycle there's a lot of very young candidates for the Dems (tho they are unlikely to be selected). Think this is more a last hurrah for some of a generation who grew up in the post-War boom and shaped their views in the 1960s and '70s, before Reagan changed US politics. |
Just saw that Warren's new tax would cost him 3bn next year.
Quite like this quote from Gates, especially in context of how much he's also given (and has stated he will give on his death) to charity:
"I've paid over $10 billion in taxes," Gates said at the New York Times DealBook Conference November 6, according to Market Watch. "If I had to pay $20 billion, it's fine. But when you say I should pay $100 billion, then I'm starting to do a little math about what I have left over."
The documentary about him on Netflix is a good watch if people have a spare few hours.
SB | |
| Avatar - IC410 - Tadpoles Nebula |
| |
| US presidental race could be about to get interesting on 08:09 - Nov 8 with 1895 views | BanksterDebtSlave |
| US presidental race could be about to get interesting on 08:02 - Nov 8 by StokieBlue |
Just saw that Warren's new tax would cost him 3bn next year.
Quite like this quote from Gates, especially in context of how much he's also given (and has stated he will give on his death) to charity:
"I've paid over $10 billion in taxes," Gates said at the New York Times DealBook Conference November 6, according to Market Watch. "If I had to pay $20 billion, it's fine. But when you say I should pay $100 billion, then I'm starting to do a little math about what I have left over."
The documentary about him on Netflix is a good watch if people have a spare few hours.
SB |
He would have some left over.....incredible! |  |
| |
| US presidental race could be about to get interesting on 08:12 - Nov 8 with 1904 views | chicoazul |
| US presidental race could be about to get interesting on 08:02 - Nov 8 by StokieBlue |
Just saw that Warren's new tax would cost him 3bn next year.
Quite like this quote from Gates, especially in context of how much he's also given (and has stated he will give on his death) to charity:
"I've paid over $10 billion in taxes," Gates said at the New York Times DealBook Conference November 6, according to Market Watch. "If I had to pay $20 billion, it's fine. But when you say I should pay $100 billion, then I'm starting to do a little math about what I have left over."
The documentary about him on Netflix is a good watch if people have a spare few hours.
SB |
Literally have no idea at all how Bill Gates would survive if he only had $6bn left over. |  |
| |
| US presidental race could be about to get interesting on 08:13 - Nov 8 with 1899 views | Guthrum |
| US presidental race could be about to get interesting on 08:02 - Nov 8 by StokieBlue |
Just saw that Warren's new tax would cost him 3bn next year.
Quite like this quote from Gates, especially in context of how much he's also given (and has stated he will give on his death) to charity:
"I've paid over $10 billion in taxes," Gates said at the New York Times DealBook Conference November 6, according to Market Watch. "If I had to pay $20 billion, it's fine. But when you say I should pay $100 billion, then I'm starting to do a little math about what I have left over."
The documentary about him on Netflix is a good watch if people have a spare few hours.
SB |
That is one problem with wild spending plans. It becomes mathematically very difficult to raise the funds if you aren't willing to go after business and can't squeeze the "regular joe". | |
| |
| US presidental race could be about to get interesting on 08:15 - Nov 8 with 1895 views | chicoazul |
| US presidental race could be about to get interesting on 08:12 - Nov 8 by chicoazul |
Literally have no idea at all how Bill Gates would survive if he only had $6bn left over. |
On the topic of the Gates' I did enjoy reading his wife saying the other day she was committing $1bn towards reducing gender equality, because nothing says gender equality like a woman spending her husband's money. | |
| |
| US presidental race could be about to get interesting on 08:21 - Nov 8 with 1883 views | Guthrum |
| US presidental race could be about to get interesting on 08:12 - Nov 8 by chicoazul |
Literally have no idea at all how Bill Gates would survive if he only had $6bn left over. |
I'm all for fair taxation, but is it reasonable to seize over 95% of someone's wealth just because they have it? For one thing, that removes any chance of serious philanthropy. | |
| |
| US presidental race could be about to get interesting on 08:22 - Nov 8 with 1875 views | chicoazul |
| US presidental race could be about to get interesting on 08:21 - Nov 8 by Guthrum |
I'm all for fair taxation, but is it reasonable to seize over 95% of someone's wealth just because they have it? For one thing, that removes any chance of serious philanthropy. |
All I am saying is, if he is taxed 100bn, he will have 6bn left. | |
| |
Login to get fewer ads
| US presidental race could be about to get interesting on 08:23 - Nov 8 with 1869 views | StokieBlue |
| US presidental race could be about to get interesting on 08:22 - Nov 8 by chicoazul |
All I am saying is, if he is taxed 100bn, he will have 6bn left. |
Most of which is not in readily available cash.
He's not scrooge McDuck swimming about in cash, it's assets - probably virtually all Microsoft shares.
SB | |
| Avatar - IC410 - Tadpoles Nebula |
| |
| US presidental race could be about to get interesting on 08:23 - Nov 8 with 1863 views | BanksterDebtSlave |
| US presidental race could be about to get interesting on 08:15 - Nov 8 by chicoazul |
On the topic of the Gates' I did enjoy reading his wife saying the other day she was committing $1bn towards reducing gender equality, because nothing says gender equality like a woman spending her husband's money. |
Now that really is a high score on the edge-o-meter! | |
| |
| US presidental race could be about to get interesting on 08:27 - Nov 8 with 1853 views | Fixed_It |
As an aside, think of the grandeur and coverage of the funeral - something money alone can't buy! |  |
| |
| US presidental race could be about to get interesting on 08:29 - Nov 8 with 1840 views | BackToRussia |
| US presidental race could be about to get interesting on 08:21 - Nov 8 by Guthrum |
I'm all for fair taxation, but is it reasonable to seize over 95% of someone's wealth just because they have it? For one thing, that removes any chance of serious philanthropy. |
Yes, it's reasonable. Why do you need philanthropy when you have the state? |  |
| |
| US presidental race could be about to get interesting on 08:39 - Nov 8 with 1823 views | Guthrum |
| US presidental race could be about to get interesting on 08:29 - Nov 8 by BackToRussia |
Yes, it's reasonable. Why do you need philanthropy when you have the state? |
For all the bits that the state does not cover, from community activities and animal sactuaries to international medical/relief projects.
Think of the current political pressure on the international aid budget, not wanting to spend tax money on other people abroad.
Besides which, Gates got that money by producing products which almost everyone in the world wanted to buy. Should he then be punished for that success? | |
| |
| US presidental race could be about to get interesting on 08:42 - Nov 8 with 1808 views | BackToRussia |
| US presidental race could be about to get interesting on 08:39 - Nov 8 by Guthrum |
For all the bits that the state does not cover, from community activities and animal sactuaries to international medical/relief projects.
Think of the current political pressure on the international aid budget, not wanting to spend tax money on other people abroad.
Besides which, Gates got that money by producing products which almost everyone in the world wanted to buy. Should he then be punished for that success? |
You're just delimiting the scope of government arbitrarily. In fact we give international aid already so no reason we couldn't expand that.
But of course, if we're talking ideally then other countries wouldn't need as much international aid if they had more tax receipts too.
Being taxed and having 6 billion dollars leftover isn't a punishment. If he really loves doing it he will see that as ample reward, plus the benefit of the common wealth. Commonwealth, now there's a phrase that has lost all meaning. [Post edited 8 Nov 2019 8:48]
| |
| |
| US presidental race could be about to get interesting on 09:00 - Nov 8 with 1790 views | chicoazul |
| US presidental race could be about to get interesting on 08:23 - Nov 8 by StokieBlue |
Most of which is not in readily available cash.
He's not scrooge McDuck swimming about in cash, it's assets - probably virtually all Microsoft shares.
SB |
Yes and those shares are definitely worthless, and he certainly wouldnt be able to feed himself or his family even if he only has for instance 0.1% of his remaining wealth in cash. | |
| |
| US presidental race could be about to get interesting on 09:01 - Nov 8 with 1789 views | chicoazul |
| US presidental race could be about to get interesting on 08:39 - Nov 8 by Guthrum |
For all the bits that the state does not cover, from community activities and animal sactuaries to international medical/relief projects.
Think of the current political pressure on the international aid budget, not wanting to spend tax money on other people abroad.
Besides which, Gates got that money by producing products which almost everyone in the world wanted to buy. Should he then be punished for that success? |
Tax is not "punishment" Jesus Christ. People on here, not all but some, have such an rse about face way of looking at tax. It's not a question of morality. | |
| |
| US presidental race could be about to get interesting on 09:17 - Nov 8 with 1772 views | Guthrum |
| US presidental race could be about to get interesting on 09:01 - Nov 8 by chicoazul |
Tax is not "punishment" Jesus Christ. People on here, not all but some, have such an rse about face way of looking at tax. It's not a question of morality. |
To clarify: Tax is not in itself punishment, merely part of the mechanism of civilised society. But it can be used as such, to gain ideological brownie points by going after the wealthy.
However, I do think there is a quasi-moral aspect to tax if one believes in having a civilised social structure rather than a hunter-gatherer individualism. To invert the American Revolutionary slogan: No representation without taxation. | |
| |
| US presidental race could be about to get interesting on 09:28 - Nov 8 with 1762 views | Guthrum |
| US presidental race could be about to get interesting on 08:42 - Nov 8 by BackToRussia |
You're just delimiting the scope of government arbitrarily. In fact we give international aid already so no reason we couldn't expand that.
But of course, if we're talking ideally then other countries wouldn't need as much international aid if they had more tax receipts too.
Being taxed and having 6 billion dollars leftover isn't a punishment. If he really loves doing it he will see that as ample reward, plus the benefit of the common wealth. Commonwealth, now there's a phrase that has lost all meaning. [Post edited 8 Nov 2019 8:48]
|
Taxing super-rich individuals at high rates is in no way going to raise enough for all-encompassing government activity. There isn't enough of them, they don't have that much money (even £100bn does not go that far in running a country nowadays). You'd have to go after business/investment to get even close.
Commonwealth is great, but if you share out the entire UK GDP, that still only works out at £33k per head. More than I earn, but less than many. | |
| |
| US presidental race could be about to get interesting on 18:42 - Nov 9 with 1653 views | BackToRussia |
| US presidental race could be about to get interesting on 09:28 - Nov 8 by Guthrum |
Taxing super-rich individuals at high rates is in no way going to raise enough for all-encompassing government activity. There isn't enough of them, they don't have that much money (even £100bn does not go that far in running a country nowadays). You'd have to go after business/investment to get even close.
Commonwealth is great, but if you share out the entire UK GDP, that still only works out at £33k per head. More than I earn, but less than many. |
Only 33k per head? You mean more than the national average wage? I don't really see where you're going with this at all, why is that a bad thing?
Taxing billionaires more is a start. You also tax larger corporations and international ones more too. Then you raise the tax for people who earn maybe more than 60k and you're golden. | |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
