'Murica! (187 Viewers)

[Bjerknes]

@Seven You make too many assumptions about me that it's not worth hashing this out. When you want to stop doing that, let me know. And besides, a European lecturing us on the "American dream" is a bit rich.

 

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[Seven]

@Seven You make too many assumptions about me that it's not worth hashing this out. When you want to stop doing that, let me know. And besides, a European lecturing us on the "American dream" is a bit rich.

The Canadian dream, sorry.

 

[GordoDeCentral]

All of that only applies to the top 1% of income. The top 1% of wealth is a completely different story, that's why taxes on wealth & capital gains are far more important than taxes on income generated through work.

And even on the topic of the highest income earners, his main argument is that a portion of those people don't stay there permanently, that doesn't make the rest a non-issue, as much as he doesn't even address the huge spike in inequality over th past few decades.

taxes on wealth?? ok lenin

 

[Martin]

taxes on wealth?? ok lenin

sacrosanct eh

 

[Seven]

taxes on wealth?? ok lenin

You know what I find disgusting in Belgium? Gift and inheritance tax.

My own personal situation for example is utterly ridiculous. My mom worked her entire life as a doctor. She made good money, yes, but more than half of what she earned went to our federal government. She paid so many taxes that every month she was basically helping six unemployed people survive. And she worked 12 hours a day, at least.

Now with all that money she earned, she bought a big house. You have to pay taxes for this as well. So she paid them.

If she wants to give me this house, incredibly enough I would have to pay gift taxes for it all over again. In fact the tax would be so high that I wouldn't be able to afford to receive the gift. And this is a gift my mother already paid taxes for twice.

That shit is fucked up and unacceptable. And by God, I will make it my personal mission to evade that gift tax in all ways possible.

 

[Wings]

You know what I find disgusting in Belgium? Gift and inheritance tax.

My own personal situation for example is utterly ridiculous. My mom worked her entire life as a doctor. She made good money, yes, but more than half of what she earned went to our federal government. She paid so many taxes that every month she was basically helping six unemployed people survive. And she worked 12 hours a day, at least.

Now with all that money she earned, she bought a big house. You have to pay taxes for this as well. So she paid them.

If she wants to give me this house, incredibly enough I would have to pay gift taxes for it all over again. In fact the tax would be so high that I wouldn't be able to afford to receive the gift. And this is a gift my mother already paid taxes for twice.

That shit is fucked up and unacceptable. And by God, I will make it my personal mission to evade that gift tax in all ways possible.

What if she sells it to you on the cheap?

 

[Seven]

What if she sells it to you on the cheap?

You're not allowed to do so. If you sell it on the cheap, the state will evaluate the 'true price' and make you pay. This is why there are all sorts of lawyers who specialise in tax law and set up constructions to evade this sort of law.

 

[Hust]

Are we arguing against the American Dream again?


We have it. Europeans don't. Kiss my ass and get over it.


In May I will be one step closer to mine...

 

[Ocelot]

Possibly, though it would be difficult to find a judge willing to set that precedent in the US.

Which brings me to another question, one that perhaps @Seven can answer: Is there any argument in favour of a case law?

 

[Seven]

Are we arguing against the American Dream again?


We have it. Europeans don't. Kiss my ass and get over it.


In May I will be one step closer to mine...

Brainwash USA really did a fine job on you.

 

[GordoDeCentral]

sacrosanct eh

@Ocelot is KJÖ

 

[Ocelot]

taxes on wealth?? ok lenin

Taxes on certain type of wealth already exist anyways, most notably property tax.

 

[GordoDeCentral]

You know what I find disgusting in Belgium? Gift and inheritance tax.

My own personal situation for example is utterly ridiculous. My mom worked her entire life as a doctor. She made good money, yes, but more than half of what she earned went to our federal government. She paid so many taxes that every month she was basically helping six unemployed people survive. And she worked 12 hours a day, at least.

Now with all that money she earned, she bought a big house. You have to pay taxes for this as well. So she paid them.

If she wants to give me this house, incredibly enough I would have to pay gift taxes for it all over again. In fact the tax would be so high that I wouldn't be able to afford to receive the gift. And this is a gift my mother already paid taxes for twice.

That shit is fucked up and unacceptable. And by God, I will make it my personal mission to evade that gift tax in all ways possible.

good on you

 

[Seven]

Which brings me to another question, one that perhaps @Seven can answer: Is there any argument in favour of a case law?

I assume you mean common law here?


I guess judges would be able to tailor their decisions better to the particular case.

Sometimes it also enhances the predictability of the outcome of a trial. In Belgium there is no binding case law, which sometimes means that, in the exact same situation, different outcomes are still possible. But at the same time few cases are truly identical.

 

[Ocelot]

@Ocelot is KJÖ

nope btw

 

[Seven]

good on you

I bet our opinions on taxes are very different, but no way am I going to pay taxes three times . Especially not if my family already provides food and shelter for about 50 people.

 

[GordoDeCentral]

Taxes on certain type of wealth already exist anyways, most notably property tax.

no it doesnt in our context, the federal govt cannot levy a property tax

 

[Ocelot]

I assume you mean common law here?


I guess judges would be able to tailor their decisions better to the particular case.

Sometimes it also enhances the predictability of the outcome of a trial. In Belgium there is no binding case law, which sometimes means that, in the exact same situation, different outcomes are still possible. But at the same time few cases are truly identical.

I mean I understand that referring to precedential cases can be saving time and resources, but it also means that once a wrong, or very controversial and arguabel decision is made, it harms not only the case in question, but a lot of other cases in the future as well.

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In some cases it seems to me as if such a legal system virtually gives judges what is basically legislative power by setting precedents.

 

[Seven]

Taxes on certain type of wealth already exist anyways, most notably property tax.

Some of it is also very weird. Take capital gains tax for example. In Belgium we don't have it when selling shares. But some countries do. To me that makes 0 sense. Because it's not as if the government is going to help you when your shares lose in worth.

 

[Hust]

Brainwash USA really did a fine job on you.

Yeah making money is brainwashing.




Get outta here. Europeans lecturing us on the American Dream