More power to him.

or they inherited it, or they started out in families that were better off wealth-wise.

b

yes, "fair share" is the terminology they like to use. It makes it sound altruistic and democratic. But if you listen to most socialists when specific tax issues are discussed, their interpretation of "fair share" when it comes to wealthy people is "we should take as much as we can from them, because they don't need it."

wow, really? if the lower classes revolt you don't think our military will intervene? The police already intervene.

b

You mean that's what you hear. That's not what they say. Do you realize what fair share means? if you really think that's the interpretation, I guess you don't.

b

Rich people are significantly more valuable as human beings and just better than poor people in general, so they should have to pay more for military protection. No one would even want to hurt a poor person, so they don't have to pay.

Why are you saying "they"? He's talking directly to you.

I don't think we are anywhere near the point where the military will be needed to crush a revolt by the lower classes. Do you really think that our military spending is an any way keeping the lower class from revolting?

Yes, the rich need the police, courts, etc. so that they can get and stay rich, but military spending doesn't really benefit them.

What? It wouldn't be screwing over millions of people it would be screwing over one person in this case, while pleasing a increasingly giant company with a huge group of business/financial backers and now a even bigger group of shareholders that would be plenty happy with saverin getting a tiny piece instead of the multi billion dollar one he got.

While saverin was only relatively broke, it's hard to imagine him getting a better deal than he got, so he did incredibly well thanks to the US court system. I think it's a good bet that in the more "pro-business" countries of world he would have been -EV compared to the deal he got here.

I have to completely disagree with this. One of the reasons we (socialists) are pushing for higher tax rates for the wealthy is because they are paying the lowest rates since the federal income tax was instituted, even lower than under Reagan.

I also don't believe we should raise the long term capital gains tax, because we do need investors to stimulate the economy. However there is a lot of evidence that more wealth going to the middle class will stimulate the economy more than just giving more, more, more to the rich.

Our military goes into places to access & control resources by force. These resources are used by companies owned by the rich. Many gov't military contracts benefit the rich. yes, the rich definitely benefit from the military. For more homeland stuff, see employments of the National Guard in US events such as riots and disasters.

b

don't agree with the bolded. Investors stimulated the economy in the past with higher taxes overall, including higher cap gains taxes(which is how many bonuses are now paid out instead of actual income. This is why raising income taxes alone won't do it as they'll just transfer that much more income into cap gains categories). Since those taxes have been cut, investors haven't stimulated the economy, even though they've been posting record profits.

b

You might not like it, but the world competes for talent just as sports teams do. For a very long time, America has been one of the places where smart people want to come. Ok, Eduwardo might not be one of those smart people. He might have just been in the right place at the right time. But the point remains. When CEOs of Coke make comments like "China is more free than the USA", we should pay them heavy consideration instead of just assuming every successful person is Mr. Burns stroking a cat in his secret evil lair.

Capital gains taxes do not account for inflation. Something to consider. You might be really disincentivizing living and investing in the USA.

China would not let a citizen renounce and move to Singapore. You have to live in a free country to be able to do that.