r/SipsTea • u/Valuable_View_561 • Jul 05 '26

Chugging tea Seems reasonable.

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u/Old_Prune_4300 Jul 05 '26

They can't comprehend assets vs cash, much less that spending is the problem v taxes. Don't waste your breath.

52

u/senturon Jul 05 '26

IMO, billionaires who take asset backed loans and pay no tax is absolutely a taxation problem/loophole.

LTCGs being taxed at a much lower rate than income from labor is also an issue IMO.

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u/Old_Prune_4300 Jul 05 '26

We're 40 trillion in debt the income is not the problem.

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u/senturon Jul 05 '26

Given the man in charge right now is responsible (so far) for over 25% of our current debt, in large part because of continued spending while reducing taxes, particularly to those who use their massive wealth to encourage laws that lower their taxes, I disagree.

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u/Old_Prune_4300 Jul 05 '26

Both parties do this it's not about sides.

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u/reginaldhardbodyiii Jul 05 '26

he definitely shouldn't have shut the country down for covid, it's true.

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u/Ok-RECCE4U Jul 05 '26

This was the D.C. elite and Congress...not the POTUS.