Comments by "Generic Developer" (@genericdeveloper3966) on ""It Should Be Illegal To Be as Wealthy As You!" - HEATED Tax Debate With Sam Seder" video.

Businesses rely on profits. Otherwise they will be encouraged to spend wastefully because it is better than giving 90% of profits to the government.
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@MrJonnyl123 In the 1950s we benefited from being the intact super power after WWII while everyone else was rebuilding. We also still had a gold standard. The high corporate tax rate only served to make our companies spend more money, because no company wants to pay 90% for uncle sam. They'd rather buy a gold plated toilet because at least it would be a company asset. Secondly the 1980s were great economically, as were the 1990s and there was lower corporate taxes. The big problem is losing the gold standard and the fed inflating away our currency.
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It's not fair to punish people for success. If you create a great idea that nets $100 million dollars that is your reward. When corporations know that they will be taxed to oblivion over $3 million profit, then there is no incentive to spend money wisely. They will spend on all sorts of frivolous crap, luxury goods, etc because better it be a corporate asset than a donation to government.
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That's Bernie's line too.
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@abdulqaadir6510 LOL right
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@patrickgrant910 Who said you are entitled to a nursing home? That isn't a human right, that's a luxury.
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@mehg8407 Fees are lower than any time in history with new trading platforms. The biggest "fee" a retiree pays is taxes to the government when they take money out of their 401K (which should be illegal).
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@patrickgrant910 He only cares when it impacts him. He can screw over the rich because it isn't him.
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There is no "trust fund", government runs a deficit. They've always spent social security taxes as soon as they get them.
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