Billionaires Rage About Biden’s New Tax Proposals

If the billionaires are upset it’s a good sign you’re doing something right.

Crying billionaires are a sign of society healing.

A healthy society has zero billionaires.

Let’s go further with these taxes.

Billionaires have a choice here:

A.) we tax them fairly.

or

B.) we kill them, eat them and tax their next of kin fairly.

Don't like it? Fuck you. Your greed is unconscionable and your hoarding of wealth is amoral and disgusting. In conclusion, fuck you.

It's nuts for them to rail against this because when Biden said 25% minimum, I was like, "that's it‽"

I get taxed at 25% already and I'm making $125k.

25% is nowhere near enough. Anyone making over 400k individually should be taxed closer to 50%.

Billionaires can suck my dick and fuck right off into the sun. This shit has GOT to fucking stop! 100% tax on anything over $200M, and I am being real generous with that.

“I don’t agree with the idea of just singling out people because of how much they have or don’t have,”

That's literally how income tax works, you ignorant slut.

You have to leave incentives for people who are the ones who are going to create the jobs for all those people trying to climb the ladder.

Oh my god, FUCK OFF

Billionaires: you should tax us more

Also billionaires: nooooo.... Not more taxes!

"You're trying to take away the incentives for people to work hard," [Catsimatidis] said.

The working class is referred to as such for a reason.

He should stop pretending to be one of them.

Biden claimed in his State of the Union address that the 25 percent minimum tax on the ultra-rich will raise $500 billion over 10 years. “Imagine what that could do for America,” he said.

Maybe I'm not good at comprehending numbers at this scale but does this seem kind of low to anyone else? I mean, that's a lot of money in absolute terms but the government spent $6.3 trillion in FY 2023 alone.

We should still do it obviously. Don't let perfect be the enemy of good and all that.

Boohoo

Thoughts and prayers

Billionaires should not exist. Honestly, I'd expropriate them.

Apparently it's not just Billionaires who hate this, but also Russian trolls pretending to be leftists. Who would have guessed the two would be allied?!

Did you expect an addict to thank you when you take away their drug cold turkey? Billionairism is a mental disorder, like addiction, and it should be handled with the same care. The kind of care that only billionairs can afford in the US, I must add.

For $10,000 a year, billionaires can pay me to give a shit.

Music to my ears? Oh wait, he could lose the billionaire vote. Like all 100 of them.

If it hurts you, it's the right thing. Cry some, leeches.

Why would you take away these creations from them??? /s

https://www.twwyachts.com/yachts-for-sale/support/

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Good. Rage until you hurt yourself you undeveloped children.

Wah wah wah just get into your fkn submarine, we double-checked the bulkhead for you 🫡

I don't really understand why they're upset, or how it will raise that much revenue. As the article points out, most billionaires don't get their billions from income, they get it from investments. For instance, Jeff Bezos' salary is like $80k, and then he gets other compensation that puts him at like $1.7M. if you put him in a much higher tax bracket, he shouldn't even care - would hardly notice - because he's worth $194B. To put that in perspective, if he earns just 5% a year in growth on that, it's almost $10B. His compensation is like 0.02% of what he's likely to make on investments, if that.

It's also worth mentioning that most billionaires can't really spend much of the billions. If Bezos tried to cash out much of his Amazon stock, the price would plummet and he'd be worth a lot less. What those guys do is take out loans with the stock as collateral and live off of that. Of course, Bezos himself is at a level of wealth where he can cash out a small percentage and it's still enormous. I think last year he cashed out like $2B worth, which is a giant amount of money, but only 1% of his net worth.

😭🤌🎻🎶🎵

"Won't you please stop and think of the billionaires?"

"For just $5,479,452.05 a day, you can support a multibillionaire who needs you TODAY."

🎶🎶 "We are the world... we are old white men... We are the ones that have yachts that need second yachts to land helicopters on... so you start giving us your change... If you don't, we'll fucking find a way to kill you." 🎶🎶

Well they got rich taking advantage of the poor. That’s the only way you become a billionaire. I feel nothing towards them.

why do i suddenly have the impression this tax aint coming to pass?

Billionaires: "I DO think we should be taxed more."

puts money into lobbying against tax increases

Billionaires: You want to prey upon the rest of us unilaterally? That fine. Just stay on your little island, announce it as a sovereign nation, pay to defend it, and good luck! That's what happens when you contribute nothing to society yourself...

Good. Fuck em.

This is ragebait content from democrats. 25 percent minimum income tax on anyone worth at least $100 million is still grossly unfair. 50 billion in a year is a pittance for the owning class. Removing loopholes and including expenditure as a factor is needed to fix income tax.

State of the Union Tax Proposals

Oh, so it's about the vague promises he made in a speech, not actual policy? Excuse me if I don't rush to celebrate how marvelously progressive he's being just yet 🥱

Billionaires: Cry more. Yours is the machine we rage against.

Archive link for those that don’t have access.

This is never getting implemented and is just theatre for the masses.

The same billionaires who frequently say “we’re not actually taxed enough”?

They (billionaires) should not exist, full stop. If they were actually taxed the way we used to in this country, we wouldn't have these security threats.

Good, fuck em

Would it be illegal to start a like Jury Nullification Ad Campaign for murdering billionaires? Just like, if you're on trial for running over a billionaire, we pledge to find you not guilty.

They must be good then.

I'd prefer the Mao Tse Tung method for dealing with billionaires

Billionaire tears taste like a fine Châteauneuf-du-Pape.

Let them eat cake!

What there should be is an assests controled cap, no person should have control over more than 1 billion in assets.

Biden was cooking with this one. It should be even higher that wealth is stolen.

In my dreams, we have a flat tax of 30% over all income beyond 40k per year.

And wouldn’t it be neat if, on the tax return form, there was question:

Where would you like your tax dollars to go: • education • military • foreign aid • welfare programs • don’t care, equally distributed

For any who things the US ha a progressive tax system. It is ever so carefully regressive.

https://youtu.be/kXCGbAv8YPw

With no due respect to these whiny fucking billionaires, good and go fuck yourselves for being petulant children.

A few verses the masses. They can suck it up, pull themselves up by their bootstraps, etc.

“My kids, who are 10, 12 and 14, you could tell them, ‘You know what, when you retire you’re gonna get money at 70, not 65.’” he said. “Do you think they’re gonna care?”

Can someone please inform me what is going on ?

It's the first step in a wealth tax. In the future a government "wealth assessor" will inventory everything you own or invest in, make an arbitrary determination of how much its "worth", and then set your taxes. Like property tax but a million times more complex and arbitrary.

They're just proposals, guys. They're not going anywhere. Biden's a Democrat, remember?