Message from @Thief

Discord ID: 613594015530614785


2019-08-21 04:36:39 UTC  

The people that gamble the most are the people who go into finance actually

2019-08-21 04:36:48 UTC  

so, they do know something about economics 😉

2019-08-21 04:38:30 UTC  

And you're talking to someone who has rabbit holed every school of economics, so its not a valid retort here. In fact, i would turn that back onto you and claim the reason you dont support redistributive policies is because *you havent widened the scope of your economic knowledge to realise that neoclassical/austrian economics is based on garbage premises and false logic*

2019-08-21 04:39:38 UTC  

>but one party is promising the free shit

two parties are -> the fact republicans wont tax inheritance means theyre promising you will get your free shit

2019-08-21 04:39:49 UTC  

I suppose ill just ask my financial planner if they bought any scratch and sniff tickets then,

2019-08-21 04:39:54 UTC  

republicans love giving free shit to corporations too

2019-08-21 04:39:58 UTC  

so its a false dichotomy

2019-08-21 04:40:07 UTC  

gambling isnt just lotto tickets mate

2019-08-21 04:40:13 UTC  

its casino games

2019-08-21 04:40:24 UTC  

putting money on derivatives at 20x+ leverage

2019-08-21 04:41:13 UTC  

theres no "formula" for stock prices *which is actually accurate to any real degree*, so when you put money into stocks, *youre gambling on your intuition/study on that company and/or the economy*

2019-08-21 04:41:33 UTC  

theres a reason hedge funds underperform most of the time

2019-08-21 04:41:51 UTC  

"People assume risk when they consult with financial planners at a bank, it's just like a casino game",

2019-08-21 04:41:56 UTC  

Thats beside the point though

2019-08-21 04:42:02 UTC  

its THE Point

2019-08-21 04:42:21 UTC  

people in the financial industry are the biggest of the gamblers

2019-08-21 04:42:46 UTC  

^Very debatable

2019-08-21 04:42:47 UTC  

However

2019-08-21 04:42:57 UTC  

their job is a gamble mate

2019-08-21 04:43:05 UTC  

the only bigger gamblers are full time poker pros

2019-08-21 04:43:33 UTC  

Youre saying on one hand, an inheritance tax wont limit the investments and savings and working potential of someone before their death

2019-08-21 04:43:34 UTC  

Yet...

2019-08-21 04:43:57 UTC  

not to any meaningful degree, you just choose a rate of tax which wont cause capital flight to any serious measure

2019-08-21 04:44:26 UTC  

say i only had a 2% inheritance tax, is that REALLY going to make you work less hard

2019-08-21 04:44:30 UTC  

I can assume one of your reasons why you support it is because layabout sons and daughters will inherit and wont be incentivized to work , invest etc

2019-08-21 04:44:31 UTC  

of course not

2019-08-21 04:44:48 UTC  

so there are tax rates that will have barely any impact on your working decisions

2019-08-21 04:45:04 UTC  

ye thats one reason

2019-08-21 04:46:01 UTC  

Thats an inherent contradiction, but besides that, will you at least acknowledge that if you had an estate tax of some magnitude, the least well off would foot a grand portion of the bill

2019-08-21 04:46:10 UTC  

Since they least know how to avoid this tax

2019-08-21 04:46:16 UTC  

the vast majority of people arent working to get an inheritance, theyre working so *they have enough to live off during their retirement*

2019-08-21 04:46:41 UTC  

An inheritance certainly helps especially paying for funeral expenses

2019-08-21 04:46:47 UTC  

At the very least

2019-08-21 04:46:55 UTC  

no i dont acknowledge that, because the least well off *DONT HAVE ANY FUCKING INHERITANCE*

2019-08-21 04:47:05 UTC  

80K a year

2019-08-21 04:47:08 UTC  

I just showed you

2019-08-21 04:47:09 UTC  

Median

2019-08-21 04:47:12 UTC  

holy shit youre dumb

2019-08-21 04:47:13 UTC  

Average 175K

2019-08-21 04:47:15 UTC  

thats the 50th percentile

2019-08-21 04:47:21 UTC  

not the 1st percentile