sweden is a terrible country

[vatas]

for the most part the wealthy 1% changes constantly and many people will be in the top 1% of income earners at least once in their lifetime.

This statement is completely false.

My bad the more accurate number is around 10% chance of being in the top 1% of income earners for at least 1 year in a lifetime but wealth still changes hands regularly

Also worth noting that 1% is more people than you may think. In USA for example, they number 3 million. I had to check number of millionaires in USA and apparently everyone in 1% is millionaire. However their fortune may be tied to small-to-medium businesses that are important employers, something that 99% protesters tend/like to forget. Real culprit for recessions and stuff are the 0.1% billionaires.

[Kaios]

Yes and some of these billionaires don't have this money because they want to see the rest of the world burn under their cigar smoking finger tips but rather they have been able to make this amount of money because they want to do something creative with it that is going to help or improve the world, I'm not sure where we would be right now with computers and phones if not for Steve Jobs or Bill Gates.

Elon Musk is doing some pretty amazing things right now and he has big aspirations, he wants to launch a rocket every 5 days to Mars for the next 10 years, he wants to wipe out the reliance on fossil fuels in vehicles and revolutionize transportation and even in Australia this solar grid battery looks very promising. He might do all of these things in our lifetime so to me it seems like it's not so terrible to have a few filthy rich geniuses running around, maybe he should have some more money.

[Granger]

The introduction of 100% inheritance tax, so that the super-rich can no longer pass on their wealth to a select few (their privileged children). This would mean the end of the elite dynasties and hereditary monarchy.

Let's make that some millions free and everything after that 100% - would make it more palatable to the common people, should they be able to ever realize (which I highly doubt, as seen from discussions with non-multi-millionaire people that seem to be completely unable to do the simple math needed for this) that they neither have a chance to be impacted by it, nor would it matter much for their heirs in case they would.

[shubla]

Yes and some of these billionaires don't have this money because they want to see the rest of the world burn under their cigar smoking finger tips but rather they have been able to make this amount of money because they want to do something creative with it that is going to help or improve the world, I'm not sure where we would be right now with computers and phones if not for Steve Jobs or Bill Gates.

Elon Musk is doing some pretty amazing things right now and he has big aspirations, he wants to launch a rocket every 5 days to Mars for the next 10 years, he wants to wipe out the reliance on fossil fuels in vehicles and revolutionize transportation and even in Australia this solar grid battery looks very promising. He might do all of these things in our lifetime so to me it seems like it's not so terrible to have a few filthy rich geniuses running around, maybe he should have some more money.

I dont think that some persons would be originally evil. But the thing is, that they dont really manage their businesses anymore. For example, bill gates probably has not made any decisiosn related to microsoft for years, and even if he did, most of the things were decided without his agreement. Its all done by.. some other people, you cant really blame anyone. Thats how corporations work.

Democracy also works that way.
Bad decisions are being made, all the time, but there is no one to blame really...

The introduction of 100% inheritance tax, so that the super-rich can no longer pass on their wealth to a select few (their privileged children). This would mean the end of the elite dynasties and hereditary monarchy.

Let's make that some millions free and everything after that 100% - would make it more palatable to the common people, should they be able to ever realize (which I highly doubt, as seen from discussions with non-multi-millionaire people that seem to be completely unable to do the simple math needed for this) that they neither have a chance to be impacted by it, nor would it matter much for their heirs in case they would.

People would just circumvent it by some way. Very rich people already rarely pay as much taxes as they should, if anything at all.

I once heard sentance that somebody said to justify his "tax planning", and it went something like this: "I already pay a lot of taxes, more than most of people"
He even had graduated some market school or something, he should know how progressive taxation works, but apparently he did not. Or then he was blinded by the money and power.
To make things clear, progressive taxation basically means that the more you earn, the more you pay taxes, the less you earn, the less you pay taxes. He earnt a lot, so argument "I pay more taxes than the average citizen" is a shitty argument to not to pay as much taxes as one should....

Personally I would circumvent all taxes that I could. Regardless of my income.

[Kaios]

Millionaires and billionaires pay more in taxes than you might think even when some of them do find ways to minimize this amount, the 80/20 rule I mentioned earlier about 80% of the wealth being distributed to 20% of the population also works the opposite way. 80% of the effects come from 20% of the causes.

[shubla]

Millionaires and billionaires pay more in taxes than you might think even when some of them do find ways to minimize this amount, the 80/20 rule I mentioned earlier about 80% of the wealth being distributed to 20% of the population also works the opposite way. 80% of the effects come from 20% of the causes.

I dont care about how much they pay.
The thing is, they should pay precisely the amount that is told for them that they need to pay.
Most, if not all, circumvent these. If somebody has lets say, 1 million of income each year. And he pays 20% less taxes via some shady shit, that is 200 000 money units. It is a lot of money, that could have been the states money! I dont think it is acceptaple to circumvent them in any case.

I would still personally avoid taxes as much as I can, (Without getting caught) if I had a chance, and many others would probably do too, and many do.
Things that they do to avoid taxes are maybe legal, but they are not meant to be legal... So it doesnt really matter.

[Kaios]

They aren't using any shady methods though, not usually. Financial strategies they take advantage of could be taken advantage of by anyone who makes more than 1 million or a similar amount of money because they are all available legally. Long-term capital gains, receiving a smaller salary but taking a higher portion of their income through dividends, avoiding estate taxes through creation of a trust causing certain assets to no longer be owned by the taxpayer. There is certainly a case to be made that some wealthy individuals will manipulate these tax policies by paying off corrupt politicians but nonetheless they are legal methods under tax legislation that can be taken advantage of by anyone.

Often no one cares about you as an individual enough to stop you from being successful.

[dageir]

Yes and some of these billionaires don't have this money because they want to see the rest of the world burn under their cigar smoking finger tips but rather they have been able to make this amount of money because they want to do something creative with it that is going to help or improve the world, I'm not sure where we would be right now with computers and phones if not for Steve Jobs or Bill Gates.

Elon Musk is doing some pretty amazing things right now and he has big aspirations, he wants to launch a rocket every 5 days to Mars for the next 10 years, he wants to wipe out the reliance on fossil fuels in vehicles and revolutionize transportation and even in Australia this solar grid battery looks very promising. He might do all of these things in our lifetime so to me it seems like it's not so terrible to have a few filthy rich geniuses running around, maybe he should have some more money.

I dont think that some persons would be originally evil. But the thing is, that they dont really manage their businesses anymore. For example, bill gates probably has not made any decisiosn related to microsoft for years, and even if he did, most of the things were decided without his agreement. Its all done by.. some other people, you cant really blame anyone. Thats how corporations work.

Democracy also works that way.
Bad decisions are being made, all the time, but there is no one to blame really...

The introduction of 100% inheritance tax, so that the super-rich can no longer pass on their wealth to a select few (their privileged children). This would mean the end of the elite dynasties and hereditary monarchy.

Let's make that some millions free and everything after that 100% - would make it more palatable to the common people, should they be able to ever realize (which I highly doubt, as seen from discussions with non-multi-millionaire people that seem to be completely unable to do the simple math needed for this) that they neither have a chance to be impacted by it, nor would it matter much for their heirs in case they would.

People would just circumvent it by some way. Very rich people already rarely pay as much taxes as they should, if anything at all.

I once heard sentance that somebody said to justify his "tax planning", and it went something like this: "I already pay a lot of taxes, more than most of people"
He even had graduated some market school or something, he should know how progressive taxation works, but apparently he did not. Or then he was blinded by the money and power.
To make things clear, progressive taxation basically means that the more you earn, the more you pay taxes, the less you earn, the less you pay taxes. He earnt a lot, so argument "I pay more taxes than the average citizen" is a shitty argument to not to pay as much taxes as one should....

Personally I would circumvent all taxes that I could. Regardless of my income.

In the aformentioned republic there would be do circumvention. The taxation would be enforced if necessary (police or military). Also this is a global republic. No tax havens or shady stuff.

[Kaios]

Yes, a classless and stateless society is what we need! Stomp down the white oppressors, raise the status of blacks, hispanics, asians, transgenders, homosexuals, transsexuals as the minorities have been discriminated against for too long! Look at the great successes of communist USSR, China, Cuba, North Korea, Venezuela.

Identity politics is Marxism in disguise, not a very good disguise though more like this but it fools some people obviously.

[dageir]

Yes, a classless and stateless society is what we need! Stomp down the white oppressors, raise the status of blacks, hispanics, asians, transgenders, homosexuals, transsexuals as the minorities have been discriminated against for too long! Look at the great successes of communist USSR, China, Cuba, North Korea, Venezuela.

Identity politics is Marxism in disguise, not a very good disguise though more like this but it fools some people obviously.

When did I mention communism? You can get as rich as you want with your own skills, but don't expect to transfer the money to the next generation.
Not sure how to sort gifts from parents to offspring though.. Maybe some heavy taxation.