https://twitter.com/shaun_vids/status/1446396109945987099?t=hVxfiI91ddUdiC25E9cUQw&s=19

    • aaaaaaadjsf [he/him, comrade/them]
      ·
      3 years ago

      Yes. Anyone that earns over 1.6 million USD a year is in the top 0.1%. Hasan literally earns more than that lol.

      It's a fact

      • KenBonesWildRide [they/them]M
        ·
        edit-2
        3 years ago

        I’m about to remove Str8AroQueer’s response to this comment, not because it’s rule breaking in and of itself, but because they’re clearly shitstirring and this thread is a long trashfire of Um Aktually corrections that they purposefully dragged out

        To anyone reading further, I’m not cleaning up any replies beyond this. Enjoy your rage bait

              • hexaflexagonbear [he/him]
                ·
                edit-2
                3 years ago

                Even with relatively low returns, and a high tax rate, $1.6 mil/year gives you enough cash to make a 6 figure income from it without touching the initial investment pretty quickly.

                  • hexaflexagonbear [he/him]
                    ·
                    edit-2
                    3 years ago

                    Because the interest accrued is probably less than half of what is realistic with historic trends. The tax rate assumed is unreasonably large for business as well, as he doesn't make a salary, he makes income.

                          • hexaflexagonbear [he/him]
                            ·
                            3 years ago

                            It often never has to! If my dad can save on his taxes with a trucker's income, I'm sure the million dollar a year business can figure it out.

                          • Str8AroQueer [none/use name]
                            hexagon
                            ·
                            3 years ago

                            Oh I know! It gets taxed (again, which is actually good btw, "double taxation" is fake news) at the individual rate!

                            • LeninWeave [none/use name]
                              ·
                              3 years ago

                              What actually happens is most of it doesn't. He probably pays himself a salary out of the business, but the money being invested (i.e. "wealth") likely never leaves the business side of things.

                              • Str8AroQueer [none/use name]
                                hexagon
                                ·
                                3 years ago

                                What actually happens is most of it doesn’t.

                                An assumption on your part.

                                This discussion exists in a vacuum of facts.

                                • LeninWeave [none/use name]
                                  ·
                                  edit-2
                                  3 years ago

                                  Well, given that he makes well over a million a year, and therefore almost definitely has an accountant, what I said above is a virtual guarantee.

                                  Unless you think he told his accountant "please maximize the taxes I pay to the federal government". Like, I agree that the house discourse is pointless, but it's also ridiculous to say that that kind of income won't convert to wealth quickly and easily.

                                  This discussion exists in a vacuum of facts.

                                  Yeah, that's why people are making reasonable assumptions. That's why I use words like "probably" and "likely".

                                  • Str8AroQueer [none/use name]
                                    hexagon
                                    ·
                                    3 years ago

                                    ridiculous to say that that kind of income won’t convert to wealth quickly and easily.

                                    I never said that, so that's good

                                    • LeninWeave [none/use name]
                                      ·
                                      3 years ago

                                      This whole thread of argument started with you pointing out the distinction between income and wealth. The whole point of this argument is that with that much income, it easily becomes wealth.

                                      • Str8AroQueer [none/use name]
                                        hexagon
                                        ·
                                        edit-2
                                        3 years ago

                                        But it isn't yet. And saying he's in the 0.1% is pointless if you're not talking about wealth, because then you're (not YOU I know) putting the streamer in the same category as billionaire capitalists, which only obscures things further.

                                        • LeninWeave [none/use name]
                                          ·
                                          edit-2
                                          3 years ago

                                          But it isn’t yet.

                                          You don't know that, I don't know that, no one knows that. We can only make reasonable assumptions. And the reasonable assumption is that he'd act in his own interest, talk to an accountant, and invest the money, thereby making it wealth.

                                          This is like assuming that a soccer player who makes a few million doesn't invest the money. Of course he would, why wouldn't he?

                                          I certainly wouldn't put him in the same category as billionaire bourgeois though, and I'm sure the person who said "0.1%" wouldn't either. But he's clearly wealthy, and that's more likely than not to affect his behavior.

                                          • Str8AroQueer [none/use name]
                                            hexagon
                                            ·
                                            3 years ago

                                            and I’m sure the person who said “0.1%” wouldn’t either.

                                            Except that by saying that, they have done that. That's the crux of my issue here.

                        • Str8AroQueer [none/use name]
                          hexagon
                          ·
                          3 years ago

                          For the record, salary IS income. Both for tax purposes and just like generally.

                          Hexbear.net needs more people who understand how this works lmao