this post was submitted on 17 Mar 2026
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They don't have a billion dollars. So where did the money come from to pay the tax?
I'll tell you, it's you. The consumer.
I bet you think China pays the tarrifs too
Are you deranged? They have net worths in the hundreds of billions of dollars. They make billions more dollars each year. I just explained in detail how they game the tax system to avoid paying taxes on their gains. I'm not going to write it all out for you again just because you missed it the first time.
Yes, obviously their revenue comes from the consumers. In the same way your salary comes from your employer. Money changes hands, that's the whole point. What difference does that make?
By the way, a significant portion of their revenue (with increasing emphasis lately) comes from business-to-business sales. Not the consumer.
And no, China doesn't pay the US tariffs. The US importers do, and they pass the costs on to their consumers. What kind of idiotic strawman/red herring was that supposed to be? If I was a moron who thought China pays US tariffs, I wouldn't be here saying "tax the rich," would I? Stop deflecting from your plutocrat apologia.
Saying the billionaire don't have a billion dollars, so where does the cash come from to pay the tax? This is a real question and it's the reason no one has figured out how to tax them.
Like i said, the "wealth" elon has is backed from stocks at 350 p/e. That money isn't real. U effectively want to tax something that isn't real.
"the billionaire don't have a billion dollars"
Oh yeah, I forgot "billionaire" is what we call someone who doesn't have a billion dollars...
"No one has figured out how to tax them"
I just explained it in detail, which you continue to ignore. People have figured it out, it's not that complicated. It just doesn't get implemented because politicians are bought by corporate dark money lobby groups, and people like you do a lot of footwork obfuscating the situation on the internet by pretending billionaires are poor and penniless.
"the 'wealth' elon has is backed from stocks at 350 p/e. That money isn't real"
Yes, their net worths are inflated (which gives them benefits on loans, which they use to further inflate their wealth). But that's easy to fix. Either don't let them declare worths that are higher than reality, or tax them at the net worths they declare.
Either way, that doesn't change anything I said about how capital gains are taxed, or how they should be taxed.
Get a clue.