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Should I step down as head of twitter This poll is closed. |
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| Yes |
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420 | 4.43% |
| No |
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69 | 0.73% |
| Goku |
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9001 | 94.85% |
| Total: | 9490 votes | ||
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Data Graham posted:No rules international street fighting Maybe they can lose all their money like Ken from SF6
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Jul 16, 2023 14:04
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A lot of the ultra wealthy have pledged to donate 99% of their wealth eventually (Zuckerberg, Gates, Buffett - not Musk). This gets reported as a noble endeavour but never asks the obvious question: why not donate it, or say, 95% of it, now? They pay lip service to knowing that hoarding it all is in fact bad, but seem to think it’s just to hoard it for a while. If it’s about the power conferred by that wealth, we can take Zuck as an example: his wealth is tied up in his ownership of Facebook, I’m sure some corporate law pro can design an instrument that allows him to own/control Facebook, essentially retaining his influence and power, while giving the economic benefits of that control directly to a charity.
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Jul 16, 2023 14:09
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Donating 99% of your wealth sounds pretty good until you hear that it goes into a charity that is owned and operated by the obscenely rich individual. Then you realize it's just more self- dealing.
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Jul 16, 2023 14:18
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Amphigory posted:You're all forgetting extremely rich people already structure their finances to avoid the rules Yep, you're the first person to notice and mention this! Good job!
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Jul 16, 2023 14:18
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 It's true, soon you will get 2x the $0 you already make
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Jul 16, 2023 14:32
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kazil posted:
I'm no math wizard, but 2 times zero is..... (does calculations on big whiteboard).... zero.
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Jul 16, 2023 14:33
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F_Shit_Fitzgerald posted:Donating 99% of your wealth sounds pretty good until you hear that it goes into a charity that is owned and operated by the obscenely rich individual. Then you realize it's just more self- dealing. Yeah, which is why breathless reporting when these things are announced is so loving annoying. That type of “donation” should not be allowed to be described as charitable or philanthropic. At the least there should be another word which makes evident the nature of the donation.
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Jul 16, 2023 14:37
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Halisnacks posted:Yeah, which is why breathless reporting when these things are announced is so loving annoying. That type of “donation” should not be allowed to be described as charitable or philanthropic. At the least there should be another word which makes evident the nature of the donation. There is Tax fraud
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Jul 16, 2023 14:39
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steinrokkan posted:There is Technically not. They should fix that.
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Jul 16, 2023 15:26
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redshirt posted:I'm no math wizard, but 2 times zero is..... (does calculations on big whiteboard).... zero. But what if you divide by zero?!
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Jul 16, 2023 15:30
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Mr Beast ftw
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Jul 16, 2023 15:35
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cant cook creole bream posted:Technically not. They should fix that. I think a global way forward on taxing the wealthy is on the list for just after figuring out the climate emergency.
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Jul 16, 2023 15:36
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Honestly, is there a reason charities are tax exempt in the first place? I haven't even thought about it before, but if a charity takes in 1mil of cash and goods then distributes 800k of stuff, isn't only the 200k overhead/salary taxable? I get that there are also things like research institutes and private libraries, but.... so what? Not in the sense that they're not worthwhile, but what actual harm or difference would it do? Grants and whatnot still exist for public good and local governments could still choose to just directly fund things. Genuine question, I feel like I have a blind blind spot
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Jul 16, 2023 15:36
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Sentient Data posted:Honestly, is there a reason charities are tax exempt in the first place? I haven't even thought about it before, but if a charity takes in 1mil of cash and goods then distributes 800k of stuff, isn't only the 200k overhead/salary taxable? I get that there are also things like research institutes and private libraries, but.... so what? Grants and whatnot still exist for public good and local governments could still choose to just directly fund things A charity by definition is not making profits, it is generating surpluses (or losses) that it carries forward to the following year. The funders of a charity have no claim on the net assets of the organisation (ie they don’t own it). Charities’ employees still pay income tax and charities pay payroll taxes on their wages. Conceptually you could tax the surpluses of a charity but that would make it more expensive to operate charities, probably discourage some donations (“why should X percent of my donation go to the government?”), and probably overall hamper the charitable sector. I don’t think it’s a problem at all not to tax charities, but we should be stricter on what organisations are deemed charities. Like private schools in the U.K. are deemed charities.
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Jul 16, 2023 15:44
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AreWeDrunkYet posted:A sharply progressive wealth tax fixes a lot of this. Tax assets over $100m at like 10% a year and a society altering level of wealth becomes more of a temporary condition. FDR wanted to tax 90 percent above 1 million and he was the moderate social dem. The window for politics has shifted so much.
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Jul 16, 2023 15:57
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Shageletic posted:FDR wanted to tax 90 percent above 1 million and he was the moderate social dem. The window for politics has shifted so much. The 1950's the CHUDS are so desperate to return to had 90% tax rates at the top.
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Jul 16, 2023 16:01
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Elon Musk is a dumbshit lol.
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Jul 16, 2023 16:03
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redshirt posted:The 1950's the CHUDS are so desperate to return to had 90% tax rates at the top. They just mean they want to return to a time before the Civil Rights movement, second-wave feminism, and the gay rights movement.
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Jul 16, 2023 16:03
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I used to think that I was vastly underqualified to be a president or CEO. Now I realize I'm overqualified.
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Jul 16, 2023 16:04
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Halisnacks posted:They just mean they want to return to a time before the Civil Rights movement, second-wave feminism, and the gay rights movement. That's too sophisticated. They just mean the fictional world of Happy Days.
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Jul 16, 2023 16:06
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redshirt posted:That's too sophisticated. They just mean the fictional world of Happy Days. 🎶Sunday Monday tax the rich Tuesday Wednesday kill the rich Thursday Friday eat the rich Saturday what a day making GBS threads out all the rich 🎶 (it's a wip)
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Jul 16, 2023 16:11
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precious
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TheOneAndOnlyT posted:"Rules-based international order" is a buzzword (buzzphrase?) that gets thrown around a lot in foreign policy circles. It essentially refers to the US/"Western" idea that all countries should promote a peaceful coexistence by having a shared set of rules, rights, and dispute-resolving mechanisms that everyone agrees upon. This is in contrast to the Russian and Chinese idea that they should be allowed to do whatever the gently caress they want and bully the countries near them because it's "their" region, and other countries should stay the gently caress out and stop telling them what to do. It's the liberal order which based on your political inclinations can point to the immense weath exploitation of third world countries by the West, solidified by orthodox economic institutions like the World Bank and the IMF. It's the reason why Chinese loans to countries in South America, exploitative or not, has been stated as a threat to the "rules-based international order". Like, who are making these rules, and why
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Jul 16, 2023 16:37
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Shageletic posted:It's the liberal order which based on your political inclinations can point to the immense weath exploitation of third world countries by the West, solidified by orthodox economic institutions like the World Bank and the IMF. The USA, to enforce our global hegemony.
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Jul 16, 2023 16:42
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I remember when the CEO of the huge French multinational I used to work for came to visit our regional office. There was a little bit of catering in the canteen - just some canapés, and a few bottles of wine. CEO guy and his fellow execs loving had that wine table surrounded. I don't think anyone else got a single glass.
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Jul 16, 2023 17:42
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ben shapino posted:Mr Beast ftw Tax this sick filth
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Jul 16, 2023 18:18
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TheOneAndOnlyT posted:"Rules-based international order" is a buzzword (buzzphrase?) that gets thrown around a lot in foreign policy circles. It essentially refers to the US/"Western" idea that all countries should promote a peaceful coexistence by having a shared set of rules, rights, and dispute-resolving mechanisms that everyone agrees upon. This is in contrast to the Russian and Chinese idea that they should be allowed to do whatever the gently caress they want and bully the countries near them because it's "their" region, and other countries should stay the gently caress out and stop telling them what to do. When I call for you to go along with our rules-based international order It is assumed that "rules" in question are to be set mostly by me, not by you.
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Jul 16, 2023 18:23
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A lot if not most wealthy now get around taxes for estates by putting it all into a trust. The trust "owns" everything and the trustees get a stipend that is normally under the taxable amount to "live off of". They want to buy a house or a new car? Well the trust buys it and it is technically owned by the trust. It is actually one of the big reasons why you saw the GOP massively against the Build Back Better Act as it would have made sweeping changes to tax implications for trusts and beneficiaries. The estate tax exemption would have been significantly reduced, for example. In addition, the law would have treated the transfer of property between a grantor and trust as a taxable event. Trusts are basically used as a shield for the wealthy to protect their money and assets from taxes as well to get around other laws, for example firearms ownership.
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Jul 16, 2023 18:28
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ben shapino posted:Mr Beast ftw Your avatar looking less ironic by the post
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Jul 16, 2023 18:42
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I have one (1) bluesky invite, who wants it
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Jul 16, 2023 18:55
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El Jeffe posted:I have one (1) bluesky invite, who wants it sup
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Jul 16, 2023 19:03
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also musk himself would fail some of the crazier CAPTCHAs. like the ones where you do simple dice sums.
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Jul 16, 2023 19:07
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didnt the taxman unalive himeself anyway, all this tax talk is moot
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Jul 16, 2023 19:08
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PM'd
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Jul 16, 2023 19:08
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Djarum posted:A lot if not most wealthy now get around taxes for estates by putting it all into a trust. The trust "owns" everything and the trustees get a stipend that is normally under the taxable amount to "live off of". They want to buy a house or a new car? Well the trust buys it and it is technically owned by the trust. It is actually one of the big reasons why you saw the GOP massively against the Build Back Better Act as it would have made sweeping changes to tax implications for trusts and beneficiaries. The estate tax exemption would have been significantly reduced, for example. In addition, the law would have treated the transfer of property between a grantor and trust as a taxable event. I trust you have references to back this up?
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Jul 16, 2023 21:06
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Amphigory posted:You're all forgetting extremely rich people already structure their finances to avoid the rules Actually, if governments weren’t explicitly run to protect capital, they could put in place laws that would prevent people “structuring” their finances. You know, the rich could be like the rest of us and simply own some things, earn some money, and have a bank account with some of that money in it. It just requires the political will to do it, which I admit is not easy to find without some sort of massive popular uprising to force change.
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Jul 16, 2023 21:13
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 Another genius mot from the mememaster
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Jul 16, 2023 21:15
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Just....a honking poster
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Jul 16, 2023 21:17
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kazil posted:
Elon say funny number
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Jul 16, 2023 21:18
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This thread has gone wholly off the rails into bloodlust so stop that please thank you
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Jul 16, 2023 21:19
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kazil posted:
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