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Joined 2 years ago
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Cake day: May 19th, 2024

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  • With CEOs - we need to switch to REAL grenades.

    Tobias Lütke’s net worth is over 12 billion, like all billionaires he won’t have an income. He’ll be buying assets at an inflated price then taking out bank loans against them - a process that inflates prices on things like realestate and land (because the more they pay the more they can borrow from the bank).

    Billionaires do this to avoid income taxes. They want to be paid in stocks, assets, and live tax free off never ending bank loans. He’ll they’ll buy media companies just to borrow against them, they’ll buy lobbying companies… And they’ll use them to make society worse (on top of the inflation they create).

    …and the increased roads, infrastructure, costs to the community? Who covers their tax burden? That hole in the tax system? They use tax loopholes, so YOU cover their tax burdens. YOU do.



  • You’re getting all these replies from me because of how many times you’ve used income inequality ir employment stats to cover for billionaires…

    …who as you know, have the most concentrated wealth, and avoid income taxes by not taking a wage.

    Income equality is so even because the ultra rich don’t take an income.

    They buy up assets at inflated prices, they buy up the media companies you’re complaining are fascist AND MAKE THEM FASCIST.

    Then they borrow against those assets and luve off loans. Buying more assets to get more loans, or getting paid in stocks to borrow more money against.

    So they inflate prices on luxury homes, land, goods, vehicles, assets, and companies. Increasing their wealth further and further away from everyone else, whilst everyone else pays the taxes billionaires avoid… Suffers the more expensive land values, houses, goods.

    … they’re totally corrupting society. Musk just recently silenced a Twitter account that tracks Donald Trump’s stock investments BECAUSE Musk bought Twitter then took out massive loans against it.

    It’s the biggest corruption scam in your lifetime. Probably the biggest in history.


  • Why are you out here lying and pretending like billionaires take a wage?

    They don’t. They drive up prices buying over inflated assets then borrow against them and live off the loans (all to avoid income taxes, pushing their tax burden onto the rest of society in the process). So they inflate prices, don’t give back, buy up companies, give everyone else a burden and don’t appear in the wage equality stats you’re spraying everywhere in their defense.

    I hope you get this now, because it’s one of the main problems corrupting society.

    Don’t cover up for billionaires, you’ve done so much for them in these threads and need to stop.



  • Billionaires buy up assets at inflated prices, over paying on land, houses, yatchs, stocks, antiques, businesses, they do this to avoid paying income taxes.

    Instead they borrow against newly aquired assets. “Of course I’m good for this massive bank loan, I just bought a Monet, a mansion, and three profitable companies I’m going to liquidate!”

    So they’re jacking up prices, which contributes massively to inflation, whilst avoiding giving back in the form of taxes. They avoid taxes like the plague so everyone else has to cover their tax burden to society.

    They’re a burden to society. Rather than draw an income and pay income taxes, they’ll buy another media company or lobbying company and just entrench their power, and influence. Just on the face of their economic behavior - they’re corrupting and destroying society.


  • …and people who believe income inequality is the key issue don’t understand that billionaires avoid income, and borrow against assets instead.

    Wealth inequality is the big problem.

    Billionaires avoid taxes because they don’t want to give back to society. They buy inflated assets instead, the borrow against them, driving up prices on purchase of land, houses, luxury goods, ect… Driving up prices, avoiding taxes. They’re all assholes, and they don’t take income.


  • Like what did you think inequality is? It’s the concentration of wealth in the hands of a few powerful people who make life horrible for everyone else. That’s why everyone knows their names.

    That’s why they can turn a society fascist in the first place. You can’t buy a media company without a big fat bank loan borrowed against your stocks, or that huge house you bought with your last loan.

    This also contributes to inflation, because they’re avoiding paying their dues to society so others - everyone else is covering their tax costs. They’re not giving back… And at the same time they’re jacking up prices! Every nice house they buy is bought at an inflated rate, and gives other sellers the idea to jack their prices up. Same with land, and luxury goods, and killing the planet with travel and super-yatchs. It’s all bought at inflated rates because money isn’t real to them, assests they can later borrow against are their wealth stores.

    Billionaires mooch off society, don’t appear in income inequality statistics and contribute an outsized amount to inflation. Now you know the basics of how billionaires work.


  • What is this day 1 looking at this problem for you?

    BILLIONAIRES DON’T HAVE AN INCOME!!!

    Because having an income would mean paying income tax. So they don’t draw an income, as avoiding income provides a tax loophole.

    What do they do instead?

    They store cash in assests they borrow against instead.

    They live off debts, they get paid by their companies in millions or billion dollar stock deals then borrow against that. They live off that loan then pay it back when they have to, usually via getting more loans and/or other financial tricks.

    This is why everyone goes on about the importance of having a wealth tax rather than an income tax on billionaires. Go look it up.

    It’s literally 101 of talking about this stuff. So when you come here talking about how “income equality” proves society has no problems with inequality, you’re just showing that you don’t know what your on about.

    Go look up how Billionaires avoid income taxes.


  • Do you know how a coefficient works?

    If you have the majority as middle class then one uber wealthy rich guy controlling everything… The gini score would pretend as if everything is fine in that society when it’s not.

    Statistics aren’t the be all and end all, and can be used to obscure drastic levels of corruption and systemic issues…

    You know, like all the billionaire fascists buying up media companies, houses, being in bed with the president and bribing supreme court justices.

    Errr duh “that’s equality”. Noooo no it’s not.

    Err durr… That has nothing to do with disenfranchisement.

    Yes… Yes it does.



  • We can’t do everything ourselves.

    No, the whole idea is that we don’t do ANYTHING ourselves. In the proposed futurist model of ubermensch via technology, technology would fix technology.

    So we’d have self-replicating 3D technology-printers, that would self repair.

    Normally I wouldn’t say that kind of thing, but this time it’s what I meant as the theological aims of a more tech, less social “society”. It’s the argument I was laying out.

    So it was more: with enough technology every man is a sentient super powerful magical island …with no friends, no community, and no identity beyond existentialism.

    Also, this isn’t sci fi, I’m just following what’s happened so far and saying a particular aspect of the trend. Repirmen used to be more common, less advanced technology was more social. Now we already have plenty of self-diagnosing systems. Printers that tell you what’s wrong with them, computers that can self repair, machines that are more durable and hence require less and less maintenance (and ergo, less repairmen to talk to, so less social).


  • Okay, but we know the far right is in power in places…

    So can you tell me where the far left are in power and:

    and then the far left gains popularity saying “WE’RE GONNA DO THINGS DIFFERENTLY TO THEM” and then the main issues hang around.

    Obviously giving the info on what the far left said they were going to do and that the problem is persistenting after they got into power, would be required.

    Is that the main problem anywhere you can point to?

    It just seems like a weird response, when the main concern of the post is right wing parties coming to prevalance. There are times when it’s NOT “both sides” are extreme, and instead it’s only one side posing the risk.