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Bernie is asking you. That's all hes got. Sorry guys, no one else can do it.
(lemmy.dbzer0.com)
this post was submitted on 07 Jul 2025
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Yeah, these figures are bullshit manipulation. The 1% "real tax rate" figure specifically comes from a fantasy where we imagine that Jeff Bezos's net worth is his income.
I still hope Bernie Sanders is better than this, but it doesn't look good.
As a concrete example of why this is wrong thinking, let's consider that you buy a very nice house with a lake from a small secluded neighborhood that seems to be dying for $500K. Then let's further imagine that you got so lucky that the house you bought was in the center of a new town that for some reason grows magnificently over the next ten years. Things like that happened all the time in the 1900s.
Your house now in worth $20M. Should you pay income tax for $19.5M even if you don't sell the house?
Bernie: uses bullshit numbers that only applies to the incredibly wealthy
You: uses bullshit numbers that apply to nobody Bernie mentioned
Nobody is buying 500k houses and cashing in on 20m of gains in 10 years. Even if it was, you'd need to do that a few hundred times to be on Bernie's radar.
Effectively, your message is we can't tax only the wealthy because if they did it, everyone else would be destute.
Weird how not taxing the wealthy hasn't made everyone rich.