Novel coronavirus (2019-nCoV/COVID-19)

[JRSC00LUDE]

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Earn as much money as you can and do whatever you want with it while you're alive, set EACH of your kids up extremely well (up to $12M no tax + anything over gets taxed), then anything left goes back into society to pay it forward for the next generation of people outside of your family.

I get this might be too much of a socialist viewpoint for some and that's OK. But one thing for sure is that I'll never be convinced to feel sorry for someone getting taxed on inheritance over $12M.

I don't believe in it period, and I never will. Who gets to decide that arbitrary amount and what makes it "fair"? What's your threshold on "fair" and what gives you the right to decide who should be penalized and why?

Fuck that.

[Buster]

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I don't believe in it period, and I never will. Who gets to decide that arbitrary amount and what makes it "fair"? What's your threshold on "fair" and what gives you the right to decide who should be penalized and why?

Fuck that.

Two things I've observed when it comes to wealth re-distribution:

1. People call it "socialism", but it's just plain old envy.
2. People will ALWAYS place the line in which their tax schemes become punitive ABOVE where it would be punitive to them.

[JRSC00LUDE]

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Two things I've observed when it comes to wealth re-distribution:

1. People call it "socialism", but it's just plain old envy.
2. People will ALWAYS place the line in which their tax schemes become punitive ABOVE where it would be punitive to them.

Exactly. It's simply theft and has no moral justification regardless the pretty little bow they try to pin on it.

[sabad66]

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Do you spend all that you make?

No

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I don't believe in it period, and I never will. Who gets to decide that arbitrary amount and what makes it "fair"? What's your threshold on "fair" and what gives you the right to decide who should be penalized and why?

Fuck that.

The people in charge of taxation get to decide, just like they decided the arbitrary number for carbon taxes or personal tax rates. My personal threshold for inheritance tax fairness is enough money to give your kids a wayyyyy-above-average leg up in life which as of this moment I would align with the US' policy of $12,000,000 tax free per inheritor, then anything over that is taxed at whatever their marginal tax rate is.

I don't think anyone deserves to inherit billions tax free just because your dad was bill gates or jeff bezos for example, but everyone is free to have their own opinions.

[sabad66]

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id rather take a russian vaccine over anything the americans are putting out - not that its perfect yet either, stage III trials underway.

Why do you think the Sputnik vaccine is better than the other Western-developed vaccines?

[vengie]

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No

I don't think anyone deserves to inherit billions tax free just because your dad was bill gates or jeff bezos for example, but everyone is free to have their own opinions.

Why?

As others have pointed out, that money has ALREADY been taxed at a rate set by the government.
Said Billionaire has earned that money and will leave a legacy for future generations if he so chooses.
I don't think anyone has the right to determine what a private citizen does with their money once the initial taxation has occurred.

Its nothing more than wealth re-distribution.

[ExtraSlow]

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Its nothing more than wealth re-distribution.

But that's a primary aim and goal, comrade.

[Buster]

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No

Would you agree with a tax on your surplus earnings?

[mr2mike]

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Why?

As others have pointed out, that money has ALREADY been taxed at a rate set by the government.
Said Billionaire has earned that money and will leave a legacy for future generations if he so chooses.
I don't think anyone has the right to determine what a private citizen does with their money once the initial taxation has occurred.

Its nothing more than wealth re-distribution.

I agree.
Unless you're Paul Bilzerian or Richard Hilton then please tax at 100%.

[dimi]

I think in today’s day and age of vilification of wealth, it’s important to remember that wealthy people pay taxes. Yes, there are some planning tools to mitigate their tax exposure, but for the most part, they PAY TAXES. Poor people do not, they use government services. Not a very progressive statement, but its reality.

In regard to inheritance/wealth taxes, I find it funny that people feel entitled to wealth that they did not create in the first place. Its even funnier that these higher inheritance/wealth taxes would redistribute wealth from an efficient allocator of capital (ie. wealthy family that has likely gotten wealthy by making prudent business decisions) to an extremely inefficient allocator (the government). But the funniest thing about all of this is these taxation schemes have been implemented and experimented with previously. I guess "this time its different".

At the end of the day, people with wealth will plan their affairs around these taxes (any taxes in general), ie. they leave said country/jurisdiction to another that has a more appealing taxation system. Once that wealth leaves, you can no longer tax it, and it will no longer produce employment by way of investments.

On the other side of the spectrum the government will create “Agency for Inheritance Taxes” “Bureau for Wealth Taxes”, hire 50,000 people, and any sort of revenue increase (if any) from these taxes will inevitably disappear.

[revelations]

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Why do you think the Sputnik vaccine is better than the other Western-developed vaccines?

i dont trust americans or russians, but I trust americans less - also the russian vaccine is touted to have several advantages over the americans, which wont become clear until phase iii trials done.

[sabad66]

I think we need an inheritance tax (mega?) thread split.

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i dont trust americans or russians, but I trust americans less - also the russian vaccine is touted to have several advantages over the americans, which wont become clear until phase iii trials done.

What are the advantages of Sputnik over others? Got a link? i'm genuinely curious.

[revelations]

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What are the advantages of Sputnik over others? Got a link? i'm genuinely curious.

aside from my deep distrust of americans over russians, the Sputnik V is cheapr, easier to handle and requires only 1 shot and is effective for longer - again phase 3 trials ---> I could easily change my mind in 12 months though.

[sabad66]

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aside from my deep distrust of americans over russians, the Sputnik V is cheapr, easier to handle and requires only 1 shot and is effective for longer - again phase 3 trials ---> I could easily change my mind in 12 months though.

Sputnik vaccine also requires two doses:

RDIF jointly with partners and manufacturers is ramping up the production of Sputnik V. The cost of one dose of the vaccine for international markets will be less than $10 (Sputnik V is a two dose vaccine). The lyophilized (dry) form of the vaccine can be stored at a temperature of +2 to +8 degrees Celsius.

https://sputnikvaccine.com/about-vaccine/

As far as I know it’s quite similar to the AZ/Oxford vaccine. They are actually collaborating on some trials to do one dose of AZ and another dose of Sputnik which is an interesting idea.

[revelations]

ok ive read different - its a complete clusterfuck of misinformation, misunderstanding etc. from all sides. Basically ph3 trials will be over in late 2021-22 - which is when I would even entertain a vaccine.

insert happy claim from the sputnik site:

The use of human adenoviruses as vectors is safe because these viruses, which cause the common cold, are not novel and have been around for thousands of years.

[killramos]

Everyone is always game for arbitrary limits and cutoffs that they think won’t affect them.

[dirtsniffer]

That's the fair way.

[jutes]

The new UK strain is now "Super Contagious" according to MSM.

https://toronto.ctvnews.ca/ontario-c...ions-1.5253069

This is why no one takes journalism seriously anymore. In cases like this, where major news outlets deliberately spread fear and panic, why media needs to be muzzled to some extent. This isn't reporting on the facts anymore, it's purposely pushing an agenda.

[vengie]

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The new UK strain is now "Super Contagious" according to MSM.

https://toronto.ctvnews.ca/ontario-c...ions-1.5253069

This is why no one takes journalism seriously anymore. In cases like this, where major news outlets deliberately spread fear and panic, why media needs to be muzzled to some extent. This isn't reporting on the facts anymore, it's purposely pushing an agenda.

Related.
I stumbled upon a Youtube account called the "Academy of Ideas", there are some pretty interesting topics.

This being one:

[Xtrema]

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The new UK strain is now "Super Contagious" according to MSM.

https://toronto.ctvnews.ca/ontario-c...ions-1.5253069

This is why no one takes journalism seriously anymore. In cases like this, where major news outlets deliberately spread fear and panic, why media needs to be muzzled to some extent. This isn't reporting on the facts anymore, it's purposely pushing an agenda.

That's old news. The new threat is the SA variant with different spike protein which may render the current vaccine pointless.

That said, a new vaccine can be built within months if it's determined the current vaccines doesn't work against it.