How long does one own property, and what resources are used by structures on that property that the community has to supply, maintain, or upgrade? What damage might said structures cause to the community while in use? What is lost by the community by selling that property to a private owner? How does a community fund its own services, governance, police, fire department? How are roads and power lines built?
Now, what community is incurring costs by someone owning a stake in a business? What resources does that transfer of money take away from the community? What is the community? What did that community supply to make it possible to invest in that company or buy that stock?
It might not be rocket science, but it is not a “no brainer”. Stocks, like “intellectual property”, have no physical presence. They are not semi-permanent objects taking physical space or requiring physical resources to create or maintain over time. They do not take physical resources that can no longer be used elsewhere.
Pretending businesses exist in a vacuum is a very weird take. The government spends a considerable amount of time and cost in maintaining business interests. Maintaining the legal framework for business to operate so we’re not Mad Maxxing for more petrol is, on it’s own, justification. Then there’s the intellectual property side of things. Law enforcement. Military action. Foreign relations. The SEC and similar agencies that exist solely to facilitate business.
That’s why we have the taxes we have. As you point out, business works with the help of society. However, taxing it as property is a completely messed up approach and will lead to there being little incente to to invest. That’s why we tax profit, not mere existance, as we do for property.
I’ve been fighting and calling out billionaires my whole life. I also want the rest of us to be better off, so I call out obvious bullshit like this for our benefit, not theirs.
I weary of bots and morons who can’t think reacting on pure emotional need to “own” someone else.
Your concern trolling bullshit isn’t for the benefit of the people it benefits billionaires. If you can’t understand that I apologize for calling you a boot licker. You’re just a fucking idiot who needs to stop talking.
Property taxes are a thing.
Stocks are property.
It’s not rocket science.
How long does one own property, and what resources are used by structures on that property that the community has to supply, maintain, or upgrade? What damage might said structures cause to the community while in use? What is lost by the community by selling that property to a private owner? How does a community fund its own services, governance, police, fire department? How are roads and power lines built?
Now, what community is incurring costs by someone owning a stake in a business? What resources does that transfer of money take away from the community? What is the community? What did that community supply to make it possible to invest in that company or buy that stock?
It might not be rocket science, but it is not a “no brainer”. Stocks, like “intellectual property”, have no physical presence. They are not semi-permanent objects taking physical space or requiring physical resources to create or maintain over time. They do not take physical resources that can no longer be used elsewhere.
Pretending businesses exist in a vacuum is a very weird take. The government spends a considerable amount of time and cost in maintaining business interests. Maintaining the legal framework for business to operate so we’re not Mad Maxxing for more petrol is, on it’s own, justification. Then there’s the intellectual property side of things. Law enforcement. Military action. Foreign relations. The SEC and similar agencies that exist solely to facilitate business.
That’s why we have the taxes we have. As you point out, business works with the help of society. However, taxing it as property is a completely messed up approach and will lead to there being little incente to to invest. That’s why we tax profit, not mere existance, as we do for property.
Boot licker says what?
See, ad hominem attacks means you got nothing. Have a nice day, come back when you have a convincing counterpoint.
My argument is you lick boots.
🙄 Hey look it’s another loser who spends their free time bravely defending billionaires wealth.
I’ve been fighting and calling out billionaires my whole life. I also want the rest of us to be better off, so I call out obvious bullshit like this for our benefit, not theirs.
I weary of bots and morons who can’t think reacting on pure emotional need to “own” someone else.
Also, see my other comment about ad hominem.
Your concern trolling bullshit isn’t for the benefit of the people it benefits billionaires. If you can’t understand that I apologize for calling you a boot licker. You’re just a fucking idiot who needs to stop talking.