covid1990 Posted October 15, 2020 Report Share Posted October 15, 2020 1 minute ago, friesNfrappe said: Babyy muahhh Reyyyy Quote Link to comment Share on other sites More sharing options...
PilliBeta Posted October 15, 2020 Author Report Share Posted October 15, 2020 3 hours ago, tom bhayya said: y do everyone talk about socialism? hybrid model emi design chesukolema? either capitalism or socialism edho okatey possible aa? walmart and amazon pays min wage and no health benefits to its warehouse or store employees. Govt healthcare ivvaka employer ivvaka vallu aa min wage tho emaipovaali? why can't govt close the tax loop holes and pay for healthcare or force these corporations to provide health benifits??? It is required by law for everyone to have health insurance. Who's fault is it that an employer doesn't give health insurance for the employees? The Government's fault? Quote Link to comment Share on other sites More sharing options...
RSUCHOU Posted October 15, 2020 Report Share Posted October 15, 2020 3 hours ago, siru said: Interesting u said people in ghetto chose drugs over insurance. But in reality, we see lot of indians working in high tech high paying jobs put up gofundme pages for supporting their medical bills. I did not say, they chose drugs over insurance. I said, either of that is not a rich man's problem. Just because someone is rich, he doesn't have any responsibility for any problems the not so privileged are facing. Governments are tasked with running the show and are responsible for equal opportunities in terms of education and healthcare. By and large, America has it's fundamentals right in terms of that(Can't be said about their leadership though). Capitalism with a government which is not completely socialistic will eventually turn out to be good. Socialism and Communism cause slower degradation of morals. Need can never replace capability. The day it does, the moral fabric of the society starts degrading. That eventually leads to depletion of ability. The day that happens, less and less get produced, which in turn leaves less and less to be distributed. That leads to chaos, opportunism and overall chaos. Everyone should get taxed. 10% of Jeff Bezos is still much more than 10% of a regular employee. 10% tax on a Kia basic model, will always be much lesser than 10% on a Bugatti. So, contribute equally. Distribute unequally. That should close the parity. Just because the rich earn more, if you tax them more, they will find ways to skip on paying the tax at all. 1 Quote Link to comment Share on other sites More sharing options...
PilliBeta Posted October 15, 2020 Author Report Share Posted October 15, 2020 2 hours ago, tom bhayya said: But for the first time since 2016, Amazon’s critics won’t be able to point to the tech giant’s nonexistent federal tax bill. That’s because Amazon actually owed money to the federal government in 2019. After two straight years of paying $0 in U.S. federal income tax, Amazon was on the hook for a $162 million bill in 2019, the company said in an SEC filing on Thursday. Of course, $162 million is still just a fraction of the $13.9 billion in pre-tax income Amazon reported for 2019 — roughly 1.2%, in fact. The federal corporate tax rate is 21%, but as in the past, Amazon likely employed various tax credits and deductions to reduce its federal tax bill. Amazon also reported $280.5 billion in total revenue in 2019. Amazon has been the subject of much criticism over the fact that the company’s final federal tax burden has been particularly lacking in recent years. The company also came under fire for seeking huge tax incentives worth billions of dollars as part of its search for a second headquarters, or “HQ2,” in 2018. In 2018, Amazon posted income of more than $11 billion, but the company paid $0 in federal taxes. In fact, thanks to tax credits and deductions, Amazon actually received a federal tax refund of $129 million. That was a year after Amazon received a $137 million refund from the federal government for 2017. If we people, with our meagre 300k income are able to use tax loopholes like home office setup and increasing 401k contribution to reduce our taxes, why do you expect companies like Amazon to not use them? Quote Link to comment Share on other sites More sharing options...
siru Posted October 15, 2020 Report Share Posted October 15, 2020 2 minutes ago, PilliBeta said: If we people, with our meagre 300k income are able to use tax loopholes like home office setup and increasing 401k contribution to reduce our taxes, why do you expect companies like Amazon to not use them? antha ledu le maaku..memu below 100k batch Quote Link to comment Share on other sites More sharing options...
r2d2 Posted October 15, 2020 Report Share Posted October 15, 2020 7 minutes ago, PilliBeta said: It is required by law for everyone to have health insurance. that is a grey area.. Thaatha removed the penalty clause from ACA.. so the whole individual mandate thing is a big mess.. in effect, it is not a crime to not have health insurance... 1 Quote Link to comment Share on other sites More sharing options...
RSUCHOU Posted October 15, 2020 Report Share Posted October 15, 2020 3 hours ago, tom bhayya said: y do everyone talk about socialism? hybrid model emi design chesukolema? either capitalism or socialism edho okatey possible aa? walmart and amazon pays min wage and no health benefits to its warehouse or store employees. Govt healthcare ivvaka employer ivvaka vallu aa min wage tho emaipovaali? why can't govt close the tax loop holes and pay for healthcare or force these corporations to provide health benifits??? Definitely we can choose something which is interim, the day people start feeling entitled just based on their poverty and dependance. Min wage worker should contribute a dollar a day that is say 1% of his daily earnings, Richman also contribute 1% of his daily wages towards public insurance, which is then contributed to build the medical infrastructure. If the whole country contributed 1% of their daily earnings with equal access to the created facility everyone benefits. It is how a society that contributes equally according to their ability contribute to common pool which can then be distributed equally. But, today's models are built on unequal contribution and sense of entitlement based on the need. This would always fail because the Rich always feel fleeced and start contributing less and less. People who run the governments know who can fund their campaigns and reruns to office. This parity will keep growing. The so called Communist China has the worlds maximum parity between haves and have nots. Quote Link to comment Share on other sites More sharing options...
Cbnpathiths Posted October 15, 2020 Report Share Posted October 15, 2020 14 hours ago, PilliBeta said: He thinks that it's okay if Jeff Bezos is getting richer and richer while some people can't make ends meet. He thinks it's alright for the rich to get richer and the poor to get poorer since the rich worked their ass off to get where they are like Jeff Bezos, that privilege doesn't exist and people just use the opportunities they get, and your life is a result of the choices you make. I need an argument that supports liberal views, I used healthcare as an example, if people deserve to get Universal healthcare since it is such a basic requirement, since people who don't have it become broke and end up in debt. He disagrees because it's required by the Government for everyone in the US to have a health insurance, and I said what if someone doesn't have insurance, and he says who's fault is that? I need some arguments supporting socialism because I am unable to defend my point of view that some people have privilege. Any ideas? Give him bj he will be alright! Quote Link to comment Share on other sites More sharing options...
PilliBeta Posted October 15, 2020 Author Report Share Posted October 15, 2020 9 minutes ago, siru said: antha ledu le maaku..memu below 100k batch Point is still valid, you make decent money. It means you made good decisions. Quote Link to comment Share on other sites More sharing options...
PilliBeta Posted October 15, 2020 Author Report Share Posted October 15, 2020 8 minutes ago, r2d2 said: that is a grey area.. Thaatha removed the penalty clause from ACA.. so the whole individual mandate thing is a big mess.. in effect, it is not a crime to not have health insurance... But there is penalty means everyone is required by law and you have to pay for months you are uninsured. Quote Link to comment Share on other sites More sharing options...
r2d2 Posted October 15, 2020 Report Share Posted October 15, 2020 4 minutes ago, PilliBeta said: But there is penalty means everyone is required by law and you have to pay for months you are uninsured. Don’t you read? That penalty doesn’t exist anymore..Thaatha removed it.. he actually wanted to repeal ACA in its entirety but failed.. so going at it piece meal.. Quote Link to comment Share on other sites More sharing options...
tom bhayya Posted October 15, 2020 Report Share Posted October 15, 2020 24 minutes ago, PilliBeta said: If we people, with our meagre 300k income are able to use tax loopholes like home office setup and increasing 401k contribution to reduce our taxes, why do you expect companies like Amazon to not use them? You are only talking about high income people who can use these tax loopholes sponsored by rich guys Quote Link to comment Share on other sites More sharing options...
PilliBeta Posted October 15, 2020 Author Report Share Posted October 15, 2020 1 minute ago, r2d2 said: Don’t you read? That penalty doesn’t exist anymore..Thaatha removed it.. he actually wanted to repeal ACA in its entirety but failed.. so going at it piece meal.. Okay, this is a good point, I will bring it up next time. Quote Link to comment Share on other sites More sharing options...
r2d2 Posted October 15, 2020 Report Share Posted October 15, 2020 4 minutes ago, PilliBeta said: Okay, this is a good point, Quote Link to comment Share on other sites More sharing options...
PilliBeta Posted October 15, 2020 Author Report Share Posted October 15, 2020 5 minutes ago, tom bhayya said: You are only talking about high income people who can use these tax loopholes sponsored by rich guys Like I said, the point is about poor becoming 'not poor or sufficiently rich' if they make good life choices irrespective of privilege. Quote Link to comment Share on other sites More sharing options...
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