Forum Discussion
Grodyman
Aug 06, 2019Explorer
Yosemite Sam1 wrote:JRscooby wrote:
Jeff Bezos is the worlds richest man with a net worth estimated at $165,000,000,000..
Never mind Bezos, Amazon with $10 B in income paid zero tax. And I should be happy, I'm a stockholder. But fair is fair.
Or Trump? How can IRS don't get a red flag when every year this "businessman' would have a loss of $1 billion year after year for 10 years to avoid income taxes.
As a first step, we can eliminate those tax loopholes for big business and the rich (I can incorporate myself and my vacation trip to Europe, disguised as meeting with a client, as tax deductible business expenses.
While on the surface it seems unfair, and it may well be. But....how many jobs has Amazon created, and how much revenue has the government received via income tax on all of those jobs? You tax the businesses, maybe they cut jobs, then you lose the income tax on those jobs, so is it a wash? Don't know.
Also, Bezos probably pays taxes personally on his earnings, as does Trump.
Truth is, you need wealthy people to invest in businesses and corporations that create jobs. When you take away the incentive, jobs are lost and the system collapses (Socialism).
It is the middle class that gets the shaft, hence Trump. Trump is a middle class warrior. Dems and corporate Repubs fight for (exploit) the underclass and (for) the elite.
I don't hate wealthy people, in a lot of cases it took generations to get to that point. I don't think it is reasonable for someone to immigrate to the US with no skill and no money to support themselves and their families, and in one generation, or even less, expect to be wealthy, and denounce those who have already accumulated some. Flame on.
Gman
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