Comment by win311fwg
6 hours ago
If you read it again you will notice that technically he thinks that, to satisfy those who believe the wealthy don't pay tax, Canada could use a system to encourage the wealthy to claim income, where that is incentivized by being able to vote. Often the wealthy have no need for income as they already have so much wealth and can easily borrow against that wealth as cash needs present themselves. It is believed (at least as far as the thread went) that the wealthy currently don't pay tax, and thus would be unable to vote, or their vote would count for little, under the proposed since they don't have sufficient income to qualify.
That would be true if he advocated for votes according to effective taxation rate or something similar. He caps his example at 800k reported income, if I remember, which is a rounding error to his income class.
Instead, he makes sure to include the idea of stripping low-income people of all voting rights.
> which is a rounding error to his income class.
Not at all. The idea is that his class claim very little income, if any income. His income class is ~$0 (or believed to be, at least). You can certainly make an argument that the claim isn't true, that the ultra-wealthy are actually already paying huge sums in income tax, but then you cannot take the thread out of context. It was clearly directed at those who believe the wealthy pay no income tax. It literally says so. Did you skip step one and not go back to read it again?
> He caps his example at 800k reported income, if I remember
You are correct, approximately, but there would have been no need to remember given step one, so that was clearly ignored. Why? What is the purpose of replying without even reading the comment you are replying to?
Step one means fuck-all nothing with a cap of $800K. Its not as if billionaires truly pay $0 in tax. $800K is approximately $0 to a billionaire so they'd all just pay that.
Lutke's own post was about pension = no votes, which I identify as the thing he decided to actually spent time on. His other tweet is a Musk-like "Good idea" reply to someone else's proposal regarding tax brackets, no?
I don't think memory fails me on the main points. If you think ranking the same read facts differently from you means faulty reading, I don't really owe you the labor of explaining where that fails.
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Why would they care? The ultra-wealthy impact election through donations, which is many order of magnitudes more impactful than their personal ballot, even if you were to give them 10x weight. Elon Musk impact on the U.S. election wasn't because he drove to the booth.
Care about what? The thread was clearly making fun of those who think the wealthy don't pay any income tax. It literally states that the plan is proposed for those who complain the wealthy don't pay tax, not a plan to be set in motion. Tobi, who fits the wealthy profile of who supposedly doesn't pay tax better than almost anyone, will know well that he already does pay income tax, hence why he humorously threw salt in the wounds of those who don't have a solid grasp of reality.
Being wealthy doesn't mean you can't be a troll. You'd think after seeing Musk in action that would have already been obvious to all, but I guess not.
> Care about what?
About what you yourself said? "Canada could use a system to encourage the wealthy to claim income, where that is incentivized by being able to vote".
The ultra-wealthy can already influence elections in very significant ways. Getting 5 votes instead of 1, which makes no actual difference to any election, is not something that will suddenly make the ultra wealthy wanting to pay more income tax.
What does make a difference though, is if you can prevent a lot of lower income voters from casting their ballots.
Also, no, I'm not buying your unfounded claim that Tobi is just joking bro. His doubling down on it in other comments + his past make it clear to me that is seriously thinks like this.
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