POLITICS 2020 Election

Should your mom be running for president?

 

If she did, you'd vote for her. But I wouldn't.

 

WaPo has made this a daily routine of late. Does she have an ax to grind with Amazon or vice versa?

 

She is coming for amazon and the tech companies. she thinks they should pay taxes. that is now somehow controversial and marxist. or at least facebook says so.

 

Facebook does not like her now?

 

None of big tech likes her or Sanders. Zuckerberg called her an existential threat to Facebook, and has had closed door meetings with Trump in the last couple of months seemingly about the election.

 

they would see all of big tech's influencing either removed or regulated.

 

That actually scores her a point in my book. I thought her campaign was run by a connected tech guy.

 

i think it is, but the campaign positions are not what the tech companies want

 

A low flat rate for everyone with no deductions would increase tax revenues while simplify the tax code.

It will never happen though.

 

She got on Gates' bad side too, with the $100 billion tax thing. Gates' and Zuck talk.

 

those that make profits do pay taxes. amazon didn't pay taxes because they lost money because they spend billions on infrastructure. do we not want amazon to spend billions on infrastructure now? the whole thing is just stupid.

 

I thought she would tread lightly with those types but my hats off if she is mixing things up with them.

 

The wealth tax is a really stupid and will be expensive to oversee with little benefits.

Even most of the countries in Europe have dropped it because of that.

 

I don't think its a very good idea as well but I will give her credit for going after some giants early in her likely short lived political career.

 

In what way is it expensive to oversee? It's just a review of IRS filings, with a threshold.

 

no. your irs filings don't list net worth. just income. you'd have to audit financial statements. also what about people with massive real estate holdings? who decides how much it's worth? how about business owners? it's a massive hassle.

 

Properties are appraised. By government. Already. So real estate is covered.

But, I guess the sum of your filings isn't worth due to loss.

On the flip side, though, it puts the burden of proof on the one being taxed, not the government.

So the question remains, in what way is it expensive to oversee?

 

property tax prices are not always fair market value prices. my tax basis is half the real market value.

you don't think someone is going to go and have to make sure everyone is paying their fair share? who decides what something is worth? what purpose does this serve? do people really think we have a revenue problem rather than a spending one?

 

I bet it pays for itself if you start at the top and work down, vs the opposite which is the current IRS policy.