Conservative
A place to discuss pro-conservative stuff
-
Be excellent to each other. Civility, No Racism, No Bigotry, No Slurs, No calls to violences, No namecalling, All that good stuff, follow lemm.ee's rules, follow the rules of your instance, etc.
-
We are a Pro-Conservative forum. Posts must have a clear pro-conservative, or anti left-wing bias. We are interested in promoting conservatism and discussing things that might get ignored elsewhere. All sources are acceptable, however reputable sources with a reputation for factual reporting are preferred.
-
Dissent is allowed in the comments, but try to be constructive; if you do not agree, then provide a reason which is backed up by references or a reasonable alternative interpretation of the provided facts. That means the left wing is welcome to state their opinions, but please keep it in good faith.
A polite request, not a rule, if you feel the need to report a comment, please don't reply to it.
view the rest of the comments
Wealth is irrelevant since we don't tax wealth. Elon could be broke overnight if Tesla fails. Sweden has billionaires as well. The man who started Ikea was one of the richest men in the world. If Amazon went BK, Bezos would be broke. That is the issue with all your wealth in a single asset of stock. If you don't like their wealth, we can't tax it since that is unconstitutional; just don't buy their products or stock. Encourage your retirement fund not to buy their stock.
https://www.businessinsider.com/ikea-founder-ingvar-kamprad-wealth-family-net-worth-2019-12
https://en.wikipedia.org/wiki/List_of_Swedish_billionaires_by_net_worth
That's why it's relevant, because it's not taxed.
Nor should it be. Sweden doesn't tax wealth.
If Bezos went BK, Do you think we should give a refund when his stock goes down in value? Or should be continue to tax it when it's converted to income like we have always done.
Wealth is always revelant. If the rich hoarding all the wealth, then the rest of us starve/become homeless/lose our possessions/etc.
Stocks should exist in the first place. They only serve to distribute wealth to the rich, and to those who spend their lives making speculative investments (ie producing nothing of value, and siphoning wealth from the economy).