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Does he make money trading?

Losers hate winners. Not a new stuff under the sun.

Sure, support the needy by printing money and make everybody rich. I have no problem with that. After all it's a prerogative of the govt.

"Government investment in infrastructure" Using the money it earned from some other profitable enterprises? Like profits from postal services? Unless you think that business people have no expenses. But somehow they use their own money to pay for them. How come people are rich and self reliant...

The stuff you can't do? Unless you think owning a house or buying life insurance makes people "rich" in America.

Security spending is also an expense for the rich and not that rich. There are other profit making enterprises besides the army or the police. The same goes to fire protection installations. The govt does not help people to become wealthy. Arguably the govt even stands in the way of personal...

No I don't know how the tax law defines the "rich" and what tax reliefs it spells out specifically for them. Maybe you can help.

What 'loopholes for the rich' are you talking about?

There is no law that prohibits you to be another Elon Musk.

People of CA like their tent cities.

Who has provided opportunities for the most successful ones among us? I don't mind the govt 'providing opportunities' for the rest using it's own earned money. Individuals should 'provide opportunities' to others through charities not constantly rising taxes. Taxes should serve as a seed capital...

He was the one who brought Tesla to the mainstream consumer market. As far as I know he was actively involved in companys daily operations and technical discussions and risked his own capital with no guarantee of success. There are not that many like him.

Not of the gain but of transaction amount, gain or loss. It's not called FTT for nothing.

Here is CA.

Elon Musk risked it all of his own fortunes to found 3 very successful revolutionary America based companies. He is worth every penny of his lifetime earnings.

What is the 'system'? People should work hard so that their money to be taken from them by the govt? So why not just work for the govt directly like they do it in socialist countries? Mandatory cheap labor and no parasites. I believe the optimal solution lies in taxes going down over time not up.

What are they attracted with to CA? Higher taxes?

Well, bailing out once in a lifetime the economy itself is different from bailing out people day after day. As for tax loopholes, it's their money after all taken away from them with or without 'loopholes'. They are on the receiving end of govt taxes either way. So what tax 'loopholes' do you...

I don't mind govt assistance programs if govt can do it with its own profits. Like from the postal services fees which the govt charges people regardless of their financial situation. Or through its own investments. One has to make money before spending it. I don't think it's a good idea that...

Down this year and I feel it's going to continue.