I was not in the chorus of people whining about @aoc, @ewarren or @berniesander's calls for higher marginal income or wealth taxes, but I honestly have no idea how we would do this and how it wouldn't have negative impacts on business formation, entrepreneurship.
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Replying to @kimmaicutler @dylanmatt and
It has nothing to do with business formation. This is a common nonsense argument from capitalists. Where’s all the money now? It’s in stock buybacks enriching the wealthiest investors and board members.
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Replying to @occupytheport @dylanmatt and
We don't really have anything to do with stock buybacks for publicly traded companies.
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Replying to @kimmaicutler @dylanmatt and
Aren’t unrealized/realized gains part of the issue with stocks and buybacks? Instead of investing in R&D or workers, the money is used to enrich the board members and major investors. They then use loopholes to escape paying on gains. Tax them every year.
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Yes but that’s not really anything we have anything to do with. Those are for much larger public companies and venture is not involved at that point.
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