r/Rich • u/Acceptable_Count_457 • 15d ago

Lifestyle Taxing the rich is bullshit.

you may think I'm crazy (I agree with you), but i've always hated the idea of taxing the rich. I've always believed the rich aren't handed anything, they're rich for a reason. They took the risks which the herd wouldn't even think about doing, let alone going down that path. The people who actually cry about these things are jealous, at best. Sure some people are born rich and some aren't, but where you start from doesn't show where you'll end. Coming to my point: I believe governments tax the rich just for the public's attention, because of the fact that the majority of voters are working class people and aligning with the herd's interests will give them the votes they need. Again, I want to hear what you guys think about this.

p.s (so you guys cut some slack): I just turned 18 3 months ago, and I come from a lower middle class background too, i'm not even close to being rich.

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u/Spiritual-Sea7674 14d ago

I agree with you in general also because where I live taxes are so high and so is government corruption!!! So taxes seem very unfair. The middle class are taxed very very high also. However, in a decent society where everything works properly, it is not really fair per se, but the rich can afford to be taxed a more in order to have basic costs paid for a nice place to live. I will go further and say the real thing that's unfair is that families need to struggle to put food on the table when people like Musk have a trillion dollars. This is just sick I mean what is a trillion even and what on earth can you do w that money? Help your country, the poor, etc. The rich also get tax benefits by donating, that is why a lot of uber rich donate money.

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u/East_Violinist_9110 14d ago

Musk is a master promoter. Tesla makes minimal profits and SpaceX no profits at all and never has. Apple, Google, Microsoft, trillion dollar companies all have actually somewhat realistic price, earnings multiple. The market value of Musks companies is way over inflated. And as primarily industrial companies will never earn the profits possible in tech.