fr, the problem isn't that the super rich aren't getting taxed enough, it's that they get overwhelming and absurd benefits from the government that taxes way too much.
It's easy to become a billionaire when your benefactor slings around trillions every year. Meanwhile, those without that benefactor suffer.
It's easy to become a billionaire when your benefactor slings around trillions every year. Meanwhile, those without that benefactor suffer.
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Most people don't become billionaires by being lazy, but relatively speaking it can be easy if you're in the right place at the right time and gain favor of the government, like being part of a tech start-up during a tech bubble and having your startup get bought out before the crash, followed by being the most prominent electric vehicle builder while governments around the world pump up EVs and then you catch a second tech bubble along the way.
You have a product that is directly subsidized to the tune of I think at it's peak it was $7,500 per vehicle just at the federal level with possible state incentives, and you basically got the factory for free because cali really wanted EVs, then hundreds of millions of dollars of loan guarantees and billions of dollars of direct subsidies and tax credits to start with.
Then you go public and it's into the largest central bank infused stock market bubbles in the history of the world so despite making very few cars and making very little money compared to other car companies your stock becomes more valuable than most of the car companies that actually make lots of cars combined.
The central bank largesse really is the biggest part. Our food and shelter costs have gone up constantly for the past 20 years far more than 2% per year, and that's the inflation tax we pay for the extra money that's been created out of thin air. It comes out of our savings, it comes out of our hourly wages, it comes out of our retirements. Then where does all the money go? Well, for the past 30 years it's gone into driving up different markets. In the late 90s it was internet companies. In the 2000s it was housing and banking. In the 2010s it was tech companies again including a certain EV company. Meanwhile, whole industries have been shrivelling on the vine for lack of resources.
You have a product that is directly subsidized to the tune of I think at it's peak it was $7,500 per vehicle just at the federal level with possible state incentives, and you basically got the factory for free because cali really wanted EVs, then hundreds of millions of dollars of loan guarantees and billions of dollars of direct subsidies and tax credits to start with.
Then you go public and it's into the largest central bank infused stock market bubbles in the history of the world so despite making very few cars and making very little money compared to other car companies your stock becomes more valuable than most of the car companies that actually make lots of cars combined.
The central bank largesse really is the biggest part. Our food and shelter costs have gone up constantly for the past 20 years far more than 2% per year, and that's the inflation tax we pay for the extra money that's been created out of thin air. It comes out of our savings, it comes out of our hourly wages, it comes out of our retirements. Then where does all the money go? Well, for the past 30 years it's gone into driving up different markets. In the late 90s it was internet companies. In the 2000s it was housing and banking. In the 2010s it was tech companies again including a certain EV company. Meanwhile, whole industries have been shrivelling on the vine for lack of resources.