Rivalarrival

joined 1 year ago
[–] Rivalarrival 6 points 3 days ago

Ooh, a whole box of Extra Mild Cheetos.

[–] Rivalarrival 8 points 3 days ago

That's twice a week for 7 years.

[–] Rivalarrival 2 points 4 days ago

Not upon request, but under certain circumstances, yes. They are used for fatigue, not ADHD. Generally, for crews of dual-piloted aircraft on irregular missions longer than 12 hours.

[–] Rivalarrival 30 points 4 days ago* (last edited 3 days ago) (9 children)

Inheritance isn't the root problem. The problem is that the only people with any money are people who were able to save it decades ago. And that problem is because labor has been devalued, wages stagnated, and cost of living soared.

And all of that is because for the past 40 years or so, there has been more benefit to taking profits out of business than spending money within the business.

When you reach the top-tier income tax bracket, and the IRS starts taking 91% of your income beyond that level, $10,000 of business income is only worth $900 to you.

When your best employee wants a $10,000 raise, that money comes straight out of your "excess" earnings. It is $10,000 of your earnings that are not subject to taxation. Paying that $10,000 raise only costs you $900 once you reach that tax bracket.

But we don't have a 91% top-tier income tax bracket anymore. We had a punitively high top tier rate for most of the 20th century, but it got cut down in the 70's and slashed in the early 80's. Now, the top tier income tax bracket is just 37%. When you reach that bracket, giving your best employee a $10,000 raise takes $6700 out of your pocket, instead of just $900.

Reagan's views on the Laffer curve were correct: raising the tax rate beyond a certain point will actually reduce tax revenue. But tax revenue is not why we need the high rates. The benefit of high marginal tax rates comes from what business does to avoid them. We need to restore the business incentives that come with a punitively high top-tier income tax rate. We need businesses to increase their labor expenses to avoid that tier. Businesses should benefit the whole economy, not just the ownership class.

For similar reasons, we need taxes on registered securities, payable in shares of those securities. The shares collected as taxes will be liquidated in small lots over time, comprising no more than 1% of total traded volume, to limit their effect on the market. Exempt the first $10 million held by a natural person; tax everything above.

[–] Rivalarrival 5 points 4 days ago (1 children)

Ketchup is for the fries, never the dog.

[–] Rivalarrival 2 points 4 days ago

It's not genocide. Genocide is the deliberate and systematic destruction of a group of people because of their ethnicity, nationality, religion, or race.

--JD Vance, probably.

[–] Rivalarrival 17 points 4 days ago

I want to focus my efforts next year on creating effective propaganda

  1. Leave that wall of text in a file on your desktop.

  2. "Guillotine Party". We should adopt the most visible tool of the French Revolution as a symbol of purpose and resolve.

[–] Rivalarrival 21 points 4 days ago (1 children)

"Protesting" isn't what we need. We need them running for office, whether that is president, senator, congressperson, or even for the local school board: a lot of those lower officers will move up over time.

Just like the remnants of the Tea Party took over the GOP, we need a "Guillotine Party" to redirect the Democrats to focus on the robber baron billionaire class.

[–] Rivalarrival 15 points 5 days ago

I'm hoping for a massive stroke on December 18th. Anything between December 17th and January 6th will have interesting results. We could theoretically get a Harris/Vance or Vance/Walz administration.

[–] Rivalarrival 4 points 5 days ago

The Democrats won't have absorbed the Guillotine Party by 2028.

[–] Rivalarrival 13 points 5 days ago (2 children)

Guillotine Party!

Universal healthcare, securities tax, punitive top-tier income tax. We can get rid of these parasites like we got rid of the robber barons, or we can do it like the French got rid of their first and second estate.

[–] Rivalarrival 5 points 5 days ago

True, true. Today, there is entirely too much silicon in their circuitry. Copper was - and is - a far more reliable means of delivering power to compressor.

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