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(BBC)   Argentinian Government to it's 1%. "Time to put your obscene wealth to good use folks"   (bbc.co.uk) divider line
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3897 clicks; posted to Main » on 05 Dec 2020 at 1:34 PM (12 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-12-05 1:38:09 PM  
Please it's only ~3.5%.  Don't cry for me.
 
2020-12-05 1:47:26 PM  

johnny_vegas: Please it's only ~3.5%.  Don't cry for me.


Yeah, looks like it's ramen noodles 5 nights a week for those poor bastards.
 
2020-12-05 1:48:51 PM  
Fark user imageView Full Size

Mein Gott!
 
2020-12-05 1:54:39 PM  
1% to government: "adios".
I don't like the idea of "one time" taxes because it's too easy  for governments to get used to it.
 
2020-12-05 2:09:28 PM  
What would that buy in the US?

According to the latest Fed data, the top 1% of Americans have a combined net worth of $34.2 trillion
 
2020-12-05 2:11:29 PM  
...And the the ghost of Ayn Rand is urging the Argentine wealth creators to shout out: "¡Por favor sålvame, Juan Galt! ¡Los moochers, saqueadores y putrefactos se están acercando!"
 
2020-12-05 2:26:21 PM  

BlueLivesMatter: meh. Is it really time for Argentina to relearn this lesson already? My how the time flies


Do tell us how wonderful the increasingly lower tax rates have been for the US since the US.

Fark user imageView Full Size
 
2020-12-05 2:26:56 PM  

ElecricalPast: BlueLivesMatter: meh. Is it really time for Argentina to relearn this lesson already? My how the time flies

Do tell us how wonderful the increasingly lower tax rates have been for the US since the US.

[Fark user image 600x600]


Since the '80s

Bah. Typos.
 
2020-12-05 2:27:54 PM  
When I think of responsible government finances, I think of Argentina...

Were this another country, I would take it more seriously, bit it being Argentina I strongly suspect it's a distraction to mask government incompetence.
 
2020-12-05 2:30:35 PM  

RTOGUY: 1% to government: "adios".
I don't like the idea of "one time" taxes because it's too easy  for governments to get used to it.


The top 1% in Argentina are basically the top 25% of most other countries so I doubt they're going anywhere.

Also - wahwahwah.
 
2020-12-05 2:43:52 PM  

BlueLivesMatter: meh. Is it really time for Argentina to relearn this lesson already? My how the time flies


Oh look. It's still talking.
 
2020-12-05 2:50:55 PM  

RTOGUY: 1% to government: "adios".
I don't like the idea of "one time" taxes because it's too easy  for governments to get used to it.


yep  ,, we are only going to use this as a toll bridge to pay for it.

Fast forward 10, 20, 30 years ,We are increasing the tolls on this bridge.
 
2020-12-05 2:52:14 PM  
Fark user imageView Full Size
 
2020-12-05 3:24:45 PM  
Don't tax them.  Have the military show up at their front door and politely ask them to donate to the cause.  Then, those that don't donate, pass a law making them criminals, then confiscate all their wealth.  Problem solved.  Keep around the people that do things "willingly".
 
2020-12-05 3:42:53 PM  

RTOGUY: 1% to government: "adios".
I don't like the idea of "one time" taxes because it's too easy  for governments to get used to it.


Okay, let's make it an annual tax in that case. No more worries!
 
2020-12-05 3:45:03 PM  
Now all we need is a global alliance between governments to agree to tax the wealthy at a certain level so they can't just take their money elsewhere when a country tries this.
 
2020-12-05 4:24:34 PM  

RTOGUY: 1% to government: "adios".
I don't like the idea of "one time" taxes because it's too easy  for governments to get used to it.


I don't like the idea of plutocrats. They always take over the government and destroy society if it means they can add one more shiny penny to their obscene hoards of wealth
 
2020-12-05 5:13:24 PM  

KungFuJunkie: What would that buy in the US?

According to the latest Fed data, the top 1% of Americans have a combined net worth of $34.2 trillion


The problem is, almost ALL of that is contained in illiquid assets - most of which only have value to other people who are ultra rich.

I've used this example before, but take Bill Gates' home in Medina, Washington. On paper, it's worth about $200 million. To anyone else, it's just a bunch of worthless sticks, bricks, glass, and drywall which requires thousands of hours of maintenance and hundreds of thousands of dollars worth of upkeep.

Similar to what happened when banks started foreclosing on homes in 2008, it doesn't take much to become obscenely illiquid when it comes to assets. Yachts, high end cars, expensive homes, luxurious appliances, and stocks are all worthless in the context of converting them to a liquid instrument and doing work with them. Nobody is going to thank the government for giving them a $250,000 buffet from Bill Gates. It doesn't keep the lights on, it doesn't heat your home, it doesn't keep you fed, and it certainly doesn't help pay medical bills.

When people say, hey, let's just take some of the trillions of dollars that the rich have ignore that most of that is utterly worthless to anyone BUT the super rich. 

Tell me, if you're hungry, how is a piece of paper saying you own what used to be $1 million worth of Amazon (and is now worthless due to the process of seizing it) going to fill your belly?
 
2020-12-05 5:16:52 PM  
300 billion Argentine pesos is what, about $47.00?
 
2020-12-05 5:17:29 PM  

johnny_vegas: Please it's only ~3.5%.  Don't cry for me.


Donate 1.5% of ALL your wealth and then get back to us.

That includes the value of your home equity, as well as any retirement accounts.
 
2020-12-05 5:21:41 PM  

Nonpo: Now all we need is a global alliance between governments to agree to tax the wealthy at a certain level so they can't just take their money elsewhere when a country tries this.


Why would they do that?

A country will benefit tremendously by NOT doing that and allowing capital to flow in, which is good for businesses and lowers the cost of goods and credit for consumers.

See also:  California's voters and politicians helping the Texan economy grow.
 
2020-12-05 5:28:25 PM  

gar1013: Nonpo: Now all we need is a global alliance between governments to agree to tax the wealthy at a certain level so they can't just take their money elsewhere when a country tries this.

Why would they do that?

A country will benefit tremendously by NOT doing that and allowing capital to flow in, which is good for businesses and lowers the cost of goods and credit for consumers.

See also:  California's voters and politicians helping the Texan economy grow.


See also: California passing Prop 13 in order to artificially cap property tax rates and attract people to live in their leftist hell hole. I wonder how many people would flee the state if they paid property taxes more commensurate to the rest of the country?
 
2020-12-05 5:30:55 PM  

gar1013: Nonpo: Now all we need is a global alliance between governments to agree to tax the wealthy at a certain level so they can't just take their money elsewhere when a country tries this.

Why would they do that?

A country will benefit tremendously by NOT doing that and allowing capital to flow in, which is good for businesses and lowers the cost of goods and credit for consumers.

See also:  California's voters and politicians helping the Texan economy grow.


Why would a country institute child labour laws?

A country will benefit tremendously by NOT doing that and allowing capital to flow in, which is good for businesses and lowers the cost of goods and credit for consumers.

Except the kids, I guess. But they can be replaced quickly enough.
 
2020-12-05 5:34:52 PM  

StatelyGreekAutomaton: gar1013: Nonpo: Now all we need is a global alliance between governments to agree to tax the wealthy at a certain level so they can't just take their money elsewhere when a country tries this.

Why would they do that?

A country will benefit tremendously by NOT doing that and allowing capital to flow in, which is good for businesses and lowers the cost of goods and credit for consumers.

See also:  California's voters and politicians helping the Texan economy grow.


Why would a country institute prison labor laws?

A country will benefit tremendously by NOT doing that and allowing capital to flow in, which is good for businesses and lowers the cost of goods and credit for consumers.

Except the prisoners, I guess. But they can be replaced quickly enough.

--------

Your appeal to absurdity is only rebutted by the absurdity itself. The answer to your questions is because many countries have agreed to not use child labor - but certainly not all.

Many countries who are more agrarian and less modern, including the Amish here in the US, use child labor extensively without any great consternation.
 
2020-12-05 5:37:26 PM  

Wanderlusting: gar1013: Nonpo: Now all we need is a global alliance between governments to agree to tax the wealthy at a certain level so they can't just take their money elsewhere when a country tries this.

Why would they do that?

A country will benefit tremendously by NOT doing that and allowing capital to flow in, which is good for businesses and lowers the cost of goods and credit for consumers.

See also:  California's voters and politicians helping the Texan economy grow.

See also: California passing Prop 13 in order to artificially cap property tax rates and attract people to live in their leftist hell hole. I wonder how many people would flee the state if they paid property taxes more commensurate to the rest of the country?


Prop 13 is "soak the newcomer"

Nothing like paying 4x-5x the taxes on a hovel as someone who lives in a fancy house in the hills.
 
2020-12-05 5:38:15 PM  
In fact, most of Western Europe has a lower minimum labor rate for minors, thereby making it cheaper to hire minors.

So much for the great myth of the wonderful democratic socialist utopia that is Europe ...
 
2020-12-05 5:38:41 PM  

StatelyGreekAutomaton: gar1013: Nonpo: Now all we need is a global alliance between governments to agree to tax the wealthy at a certain level so they can't just take their money elsewhere when a country tries this.

Why would they do that?

A country will benefit tremendously by NOT doing that and allowing capital to flow in, which is good for businesses and lowers the cost of goods and credit for consumers.

See also:  California's voters and politicians helping the Texan economy grow.

Why would a country institute child labour laws?

A country will benefit tremendously by NOT doing that and allowing capital to flow in, which is good for businesses and lowers the cost of goods and credit for consumers.

Except the kids, I guess. But they can be replaced quickly enough.


Countries introduce child labor laws when they can afford to...and then they purchase cheap goods from elsewhere with appalling conditions.

Until that time, they recognize that such laws are a luxury.
 
2020-12-05 5:50:30 PM  

RTOGUY: 1% to government: "adios".
I don't like the idea of "one time" taxes because it's too easy  for governments to get used to it.


They can go, there will always be a 1% ready to fill the void.
 
2020-12-05 5:56:25 PM  

gar1013: johnny_vegas: Please it's only ~3.5%.  Don't cry for me.

Donate 1.5% of ALL your wealth and then get back to us.

That includes the value of your home equity, as well as any retirement accounts.


This just in....taxation is not a donation.  It's a cost of living in a society.

/did you totally miss the Evita reference in your rush to proselytize?
 
2020-12-05 6:13:46 PM  

johnny_vegas: gar1013: johnny_vegas: Please it's only ~3.5%.  Don't cry for me.

Donate 1.5% of ALL your wealth and then get back to us.

That includes the value of your home equity, as well as any retirement accounts.

This just in....taxation is not a donation.  It's a cost of living in a society.

/did you totally miss the Evita reference in your rush to proselytize?


Well, since many people don't pay federal income taxes, does that mean they have to leave?
 
2020-12-05 6:16:30 PM  

johnny_vegas: gar1013: johnny_vegas: Please it's only ~3.5%.  Don't cry for me.

Donate 1.5% of ALL your wealth and then get back to us.

That includes the value of your home equity, as well as any retirement accounts.

This just in....taxation is not a donation.  It's a cost of living in a society.


Okay, then flat taxes for all, like we do with most state income taxes, property taxes, sales taxes, SS taxes, Medicare taxes, and excise taxes. 

Either you believe taxation is the cost of living in a society and we should all pay the same rate, or you believe it's a donation whereby you request some people pay a higher rate than others.

The good thing about a flat tax, is nobody can say it's unfair. 10% of your income is 10% of your income - regardless if you make $1 or $1 million or $100 million.
 
2020-12-05 6:16:52 PM  

Wanderlusting: So much for the great myth of the wonderful democratic socialist utopia that is Europe ...


'They' do call it that, don't 'they'?

Pesky them! Always whispering in conservative ears.
 
2020-12-05 6:19:14 PM  

Wanderlusting: Either you believe taxation is the cost of living in a society and we should all pay the same rate, or you believe it's a donation whereby you request some people pay a higher rate than others.


This is a prime, contextually correct example of 'begging the question'
 
2020-12-05 6:20:20 PM  

gar1013: johnny_vegas: gar1013: johnny_vegas: Please it's only ~3.5%.  Don't cry for me.

Donate 1.5% of ALL your wealth and then get back to us.

That includes the value of your home equity, as well as any retirement accounts.

This just in....taxation is not a donation.  It's a cost of living in a society.

/did you totally miss the Evita reference in your rush to proselytize?

Well, since many people don't pay federal income taxes, does that mean they have to leave?


I don't see how that's relevant at all to the conversation.  I guess the Weeners would be 'why didn't they pay taxes?'
 
2020-12-05 6:21:28 PM  
Flat taxes work in Denmark, Finland, Iceland, Italy, Japan, Norway, Sweden, Switzerland, and the UK just fine. If their healthcare systems are so great for everyone, why not their taxation systems?

Seems like you want all the things Europe has without the methods they use to pay for them.
 
2020-12-05 6:21:50 PM  

gar1013: johnny_vegas: gar1013: johnny_vegas: Please it's only ~3.5%.  Don't cry for me.

Donate 1.5% of ALL your wealth and then get back to us.

That includes the value of your home equity, as well as any retirement accounts.

This just in....taxation is not a donation.  It's a cost of living in a society.

/did you totally miss the Evita reference in your rush to proselytize?

Well, since many people don't pay federal income taxes, does that mean they have to leave?


And obviously yes, you DID miss the Evita reference
 
2020-12-05 6:22:50 PM  

johnny_vegas: gar1013: johnny_vegas: gar1013: johnny_vegas: Please it's only ~3.5%.  Don't cry for me.

Donate 1.5% of ALL your wealth and then get back to us.

That includes the value of your home equity, as well as any retirement accounts.

This just in....taxation is not a donation.  It's a cost of living in a society.

/did you totally miss the Evita reference in your rush to proselytize?

Well, since many people don't pay federal income taxes, does that mean they have to leave?

I don't see how that's relevant at all to the conversation.  I guess the Weeners would be 'why didn't they pay taxes?'


Son of a biatch, the filter got me!
 
2020-12-05 6:22:50 PM  

johnny_vegas: I don't see how that's relevant at all to the conversation.  I guess the Weeners would be 'why didn't they pay taxes?'


There is nothing wrong with asking why the poor shouldn't be paying taxes if taxes are the cost of society. Seems to me if they are using services, they should be paying for them.
 
2020-12-05 6:24:34 PM  
This is the problem with leftist ideology ... your platitudes breakdown at the fringes. 

If taxes are the price we pay for society, then everyone should pay an equal amount. If some people are asked to pay more, it only seems fair that they get a larger share of the benefits as well.
 
2020-12-05 6:24:57 PM  

Wanderlusting: johnny_vegas: I don't see how that's relevant at all to the conversation.  I guess the Weeners would be 'why didn't they pay taxes?'

There is nothing wrong with asking why the poor shouldn't be paying taxes if taxes are the cost of society. Seems to me if they are using services, they should be paying for them.


The poor do not pay taxes in Argentina?
 
2020-12-05 6:25:47 PM  

Wanderlusting: If taxes are the price we pay for society, then everyone should pay an equal amount.


Again, you are begging the question.
 
2020-12-05 6:26:35 PM  

gar1013: StatelyGreekAutomaton: gar1013: Nonpo: Now all we need is a global alliance between governments to agree to tax the wealthy at a certain level so they can't just take their money elsewhere when a country tries this.

Why would they do that?

A country will benefit tremendously by NOT doing that and allowing capital to flow in, which is good for businesses and lowers the cost of goods and credit for consumers.

See also:  California's voters and politicians helping the Texan economy grow.

Why would a country institute child labour laws?

A country will benefit tremendously by NOT doing that and allowing capital to flow in, which is good for businesses and lowers the cost of goods and credit for consumers.

Except the kids, I guess. But they can be replaced quickly enough.

Countries introduce child labor laws when they can afford to...and then they purchase cheap goods from elsewhere with appalling conditions.

Until that time, they recognize that such laws are a luxury.


The reason a country would raise taxes is ultimately the same reason they would institute child labour laws. In order to try to provide a better standard of living for their citizens, whether that's through allowing kids a childhood free to dedicate to learning and discovery or the ability to afford a better social safety net. Not everyone is keen on a race to the bottom.

And yes, child labour laws are a luxury of our society that I'm glad to have. Do you feel they impede capital as much as higher taxes on the wealthy, or are they not enough of a detriment to be a problem for you?
 
2020-12-05 6:28:08 PM  

Wanderlusting: johnny_vegas: gar1013: johnny_vegas: Please it's only ~3.5%.  Don't cry for me.

Donate 1.5% of ALL your wealth and then get back to us.

That includes the value of your home equity, as well as any retirement accounts.

This just in....taxation is not a donation.  It's a cost of living in a society.

Okay, then flat taxes for all, like we do with most state income taxes, property taxes, sales taxes, SS taxes, Medicare taxes, and excise taxes. 

Either you believe taxation is the cost of living in a society and we should all pay the same rate, or you believe it's a donation whereby you request some people pay a higher rate than others.

The good thing about a flat tax, is nobody can say it's unfair. 10% of your income is 10% of your income - regardless if you make $1 or $1 million or $100 million.


Given all the flat this and that you're advocating, what's next, flat income for all, comrade?
 
2020-12-05 6:33:15 PM  

Wanderlusting: Flat taxes work in Denmark, Finland, Iceland, Italy, Japan, Norway, Sweden, Switzerland, and the UK just fine. If their healthcare systems are so great for everyone, why not their taxation systems?

Seems like you want all the things Europe has without the methods they use to pay for them.


Just off the top of my head, I don't think Denmark nor the U.K. have a flat personal income tax rate
 
2020-12-05 6:34:57 PM  

StatelyGreekAutomaton: Given all the flat this and that you're advocating, what's next, flat income for all, comrade?


Why would I do that? I simply ask that the rich and the poor share equally in the burden of paying for society - if that is the reason why taxes exist. A rich man who pays $100,000 a year in taxes doesn't have 10x the benefits of someone who pays $10,000 a year in taxes. The police don't show up to his house 10x faster. The fire department doesn't respond 10x better. The garbage isn't picked up 10x more often, and the schools aren't 10x better.

If taxes are the cost of society, then we should pay for it on fair terms. A flat tax has proven time and time again to be fair for state income taxes, property taxes, sales taxes, excise taxes, Medicare taxes, and Social Security taxes. Why would it be such a horror show to have them be flat for federal income taxes? It's not like flat taxes aren't uncommon nor unprecedented in this country.
 
2020-12-05 6:36:01 PM  

gar1013: johnny_vegas: Please it's only ~3.5%.  Don't cry for me.

Donate 1.5% of ALL your wealth and then get back to us.

That includes the value of your home equity, as well as any retirement accounts.


Newsflash: Taxing 3.5% of a very rich person's wealth affects their well-being quite a bit less than taxing 1.5% of an average person's wealth.
 
2020-12-05 6:36:36 PM  

Wanderlusting: In fact, most of Western Europe has a lower minimum labor rate for minors, thereby making it cheaper to hire minors.

So much for the great myth of the wonderful democratic socialist utopia that is Europe ...


Wanderlusting: Flat taxes work in Denmark, Finland, Iceland, Italy, Japan, Norway, Sweden, Switzerland, and the UK just fine. If their healthcare systems are so great for everyone, why not their taxation systems?


Oh sweety, you're going to have to put a lot of work into your shtick to make it at least internally consistent within individual threads before you're going to get big hauls of bites.
 
2020-12-05 6:38:10 PM  

Wanderlusting: Why would I do that? I simply ask that the rich and the poor share equally in the burden of paying for society


Your request is ridiculous and is hereby denied.
 
2020-12-05 6:42:12 PM  

iron de havilland: Wanderlusting: In fact, most of Western Europe has a lower minimum labor rate for minors, thereby making it cheaper to hire minors.

So much for the great myth of the wonderful democratic socialist utopia that is Europe ...

Wanderlusting: Flat taxes work in Denmark, Finland, Iceland, Italy, Japan, Norway, Sweden, Switzerland, and the UK just fine. If their healthcare systems are so great for everyone, why not their taxation systems?

Oh sweety, you're going to have to put a lot of work into your shtick to make it at least internally consistent within individual threads before you're going to get big hauls of bites.


Minimum wage (UK):
Fark user imageView Full Size


Norway and Sweden don't even have a minimum wage.

All of the countries I listed have flat taxes at the subnational level.
 
2020-12-05 6:43:19 PM  

buserror: Your request is ridiculous and is hereby denied.


I mean, we do it for most of our taxes already. Saying the income tax should abide by the same rules as the Medicare tax, or the social security tax, or the sales tax, or the excise tax isn't really groundbreaking or scandalous.
 
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