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Topic: Academic discussion (we'll try) of politics shift away from center
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Cincydawg · « **Reply #98 on:** February 24, 2025, 01:50:10 PM »

Let's imagine somehow the government taxes billionaries at 10% of their wealth. So, one of them worth say $200 billion, nearly all in stock of "X Corp", has to see a good chunk of said stock (for which he'd normally pay capital gains taxes of about 23%). The price of X Corp would take a beating of course.

Then is would come up again the next year, and the next, until his wealth drops below the magic figure.

MikeDeTiger · « **Reply #99 on:** February 24, 2025, 02:01:13 PM »

Quote from: GopherRock on February 24, 2025, 01:49:00 PM

FIFY

The rich have always voted Republican. They're the only ones who can afford it.

Mostly, no-one knows how the rich vote, because they mostly don't say.

Tracking donations though, it depends on how you look at it. By sheer number, I think you are correct, a larger % of billionaires donate to Republican candidates. By volume, I believe the democratic donations outweigh the Republican ones over the last several cycles.

And as far as public support, those who do speak out (a relatively small %, actually) have definitely favored the democratic presidential candidates.

If you think the rich always vote Republican, you must never have met all of Hollywood.

Gigem · « **Reply #100 on:** February 24, 2025, 03:24:30 PM »

Quote from: MikeDeTiger on February 24, 2025, 01:17:24 PM

Cool, so we could fund federal spending for a year if we took every last thing every billionaire owned, perfectly liquidated it, and funneled it to the government. I'm sure the non-billionaires would be thrilled for that year, except for that they'd be sad when they had to start paying WAY more taxes the following year, and every year thereafter, because there's no more billionaires left to pick up the bulk of the taxes paid. They'd also be pretty sore about all the jobs that would be permanently lost if billionaires were liquidated.

You could say this is hyperbole. Same thing would still apply to a lesser degree, by however much you ramp up the billionaire tax.

The key is going to lie in less government spending, not higher taxes, particularly for the rich. If less government spending can be achieved, therein will lie the solution. If that can't be achieved, therein will lie the eventual downfall of the economy, or a radical restructuring such that the country is permanently altered.

In my best Jim Carrey voice "WRONGO". All they would do is INCREASE the budget by that amount for one year, and then probably increase it some more and pile on some more debt.

847badgerfan · « **Reply #101 on:** February 24, 2025, 03:37:02 PM »

Quote from: GopherRock on February 24, 2025, 01:49:00 PM

FIFY

The rich have always voted Republican. They're the only ones who can afford it.

George Soros. Jeff Bezos. Mark Zuckerberg. Mike Bloomberg. And on and on.

Cincydawg · « **Reply #102 on:** February 24, 2025, 03:40:56 PM »

Both 'sides' like to claim "billionaires" are on the other side and give selected examples while ignoring others. I don't think we can really know. I don't particularly care.

MikeDeTiger · « **Reply #103 on:** February 24, 2025, 03:41:07 PM »

Quote from: Gigem on February 24, 2025, 03:24:30 PM

In my best Jim Carrey voice "WRONGO". All they would do is INCREASE the budget by that amount for one year, and then probably increase it some more and pile on some more debt.

I stand corrected.

MikeDeTiger · « **Reply #104 on:** February 24, 2025, 03:43:21 PM »

Quote from: Cincydawg on February 24, 2025, 03:40:56 PM

Both 'sides' like to claim "billionaires" are on the other side and give selected examples while ignoring others. I don't think we can really know. I don't particularly care.

I think PAC donations and such can be tracked. We can certainly track the sentiments of the ones who make them public. What we can't track is how they actually vote. But in a lot of their cases, it would seem somewhat obvious.

Cincydawg · « **Reply #105 on:** February 24, 2025, 03:46:43 PM »

A lot of billionaires are politically silent.

FearlessF · « **Reply #106 on:** February 24, 2025, 03:49:57 PM »

we have a good idear regardin Taylor Swift

MikeDeTiger · « **Reply #107 on:** February 24, 2025, 04:37:29 PM »

Quote from: Cincydawg on February 24, 2025, 03:46:43 PM

A lot of billionaires are politically silent.

A lot of them financially are not.

FearlessF · « **Reply #108 on:** February 24, 2025, 10:43:00 PM »

a lot of them?
I'd guess every one of them is using some $$$ to try to influence someone about something

Cincydawg · « **Reply #109 on:** February 25, 2025, 08:36:22 AM »

There are reportedly over 800 billionaires in the US. We hear about maybe 20 of them. I suspect 700+ live quiet lives, perhaps trying to make a difference with donations, etc., and are not politically very active or interested, or least are not publically known as D or R.

We have one pair here who started Home Depot, one is very well known (Arthur Blank) for donations etc., the other is almost never in the news except he passed on recently. I'm "told" the other quiet one donated a lot of money to various local causes. Neither seems politically involved, but Blank probably is quietly.

My wife is close friends with one (she's French, not American) and she's an example of one who lives quietly trying to help where she can. I think a lot of them value anonymity and avoid the public eye, no doubt some donate politically, but quietly. So, we don't know in which direction they lean.

FearlessF · « **Reply #110 on:** February 25, 2025, 08:44:39 AM »

I'd avoid the public eye if it was lookin at me like that

Cincydawg · « **Reply #111 on:** February 25, 2025, 08:56:08 AM »

I once found myself in line behind the CEO of our company at Kroger. I nodded at him when he turned around to unload his cart, and he nodded back. I suspect being even that famous in public has a lot of downside potential.

It's nice to be anonymous.

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Topic: Academic discussion (we'll try) of politics shift away from center

Cincydawg

Re: Academic discussion (we'll try) of politics shift away from center

MikeDeTiger

Re: Academic discussion (we'll try) of politics shift away from center

Gigem

Re: Academic discussion (we'll try) of politics shift away from center

847badgerfan

Re: Academic discussion (we'll try) of politics shift away from center

Cincydawg

Re: Academic discussion (we'll try) of politics shift away from center

MikeDeTiger

Re: Academic discussion (we'll try) of politics shift away from center

MikeDeTiger

Re: Academic discussion (we'll try) of politics shift away from center

Cincydawg

Re: Academic discussion (we'll try) of politics shift away from center

FearlessF

Re: Academic discussion (we'll try) of politics shift away from center

MikeDeTiger

Re: Academic discussion (we'll try) of politics shift away from center

FearlessF

Re: Academic discussion (we'll try) of politics shift away from center

Cincydawg

Re: Academic discussion (we'll try) of politics shift away from center

FearlessF

Re: Academic discussion (we'll try) of politics shift away from center

Cincydawg

Re: Academic discussion (we'll try) of politics shift away from center