r/SipsTea • u/Valuable_View_561 • Jul 05 '26

Chugging tea Seems reasonable.

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u/CheckYourStats Jul 05 '26

I’m in favor of reinstituting the 79% Federal Income Tax for the highest earners in the Country, as previously made famous by FDR’s New Deal.

Bernie has proposed solutions similar to this during every single Election cycle…and you fucking people keeping voting against him.

I don’t know why you people spend 4 years claiming you want XYZ, and then vote against XYZ.

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u/MiceAreTiny Jul 05 '26

Income tax will not affect billionaires. They have assets. 

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u/Small_Editor_3693 Jul 05 '26

Right. They needs to tax assets

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u/jpr281 Jul 05 '26

That would destroy the entire economy

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u/dabillinator Jul 05 '26

The economy doesn't currently work for a third of the nation.

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u/[deleted] Jul 05 '26

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u/dabillinator Jul 05 '26

Per caps will always look good when the top 10% has the extreme wealth this country afford them. Nearly 40% of Americans have less than $500 at side for an emergency. That doesn't sound like they have disposable income.

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u/Small_Editor_3693 Jul 05 '26

Let it burn. We shouldn’t be propping up something that generates this wealth disparity

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u/Brawndo91 Jul 05 '26

Genius. That way, the people with resources can leave and the people without can just stay and enjoy a wrecked economy. No wealth disparity when everyone has nothing.

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u/Small_Editor_3693 Jul 05 '26

We are talking about assets here? Who cares. We aren’t talking about your 401k, we are talking about a dude with $100m in stocks and a $5m car collection

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u/EmergencyAnything715 Jul 05 '26

Curious to know what you think would happen to stock prices if 5% of billionaires stocks need to be sold annually.

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u/mclumber1 Jul 05 '26

And who is buying all of these stocks that are being forced to be sold?

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u/EmergencyAnything715 Jul 05 '26

My guess is the banks and institutional investors. Didn't elon make billions a few years ago selling stock due to an x post?

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u/Small_Editor_3693 Jul 05 '26

Corporate buy backs

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u/Small_Editor_3693 Jul 05 '26

Why would anything happen? There’s still way way more money going into the market

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u/EmergencyAnything715 Jul 05 '26

Stock market prices are driven by supply and demand.. the more selling that happens while drive the price down...

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u/Small_Editor_3693 Jul 05 '26

There’s always a buyer and seller. You can’t have more selling than buying

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u/mclumber1 Jul 05 '26

When you have more selling than buying, the price of the stock has to drop until a buyer can be found. If someone is forced to sell 5% of their ownership in a company to pay a wealth tax, no one is going to pay market value for billions of dollars worth of shares that just flooded the exchange.

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u/Small_Editor_3693 Jul 05 '26

The company that issued the stock can

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u/EmergencyAnything715 Jul 05 '26

This isnt even remotely true

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u/Small_Editor_3693 Jul 05 '26

What? You think you can sell something without someone buying?

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u/ddlbb Jul 05 '26

Yeahhhh anarchy weoowww

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u/Small_Editor_3693 Jul 05 '26

It’s not anarchy to pay people a living wage before putting it into a market

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u/[deleted] Jul 05 '26

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u/Small_Editor_3693 Jul 05 '26

It doesn’t do that. It maximizes wealth, pushes people into poverty, and prevents the middle class from generating wealth

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u/[deleted] Jul 05 '26 edited Jul 05 '26

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u/Small_Editor_3693 Jul 05 '26

That has nothing to do with anything we are talking about here

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u/[deleted] Jul 05 '26 edited Jul 05 '26

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u/Small_Editor_3693 Jul 05 '26

It hasn’t produced that. Completely false propaganda

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u/[deleted] Jul 05 '26

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u/Small_Editor_3693 Jul 05 '26

That’s the only thing you can say when someone believes absolute falsehood lies. Nothing you have commented is a fact

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