not every soldier qualifies for vet care
very true. to my surprise a few years ago, i found that vets have to make under 40K to get VA health care. I was under the impression it was a benefit no matter what.
not every soldier qualifies for vet care
I don't think people realize how much a billion dollars really is. These people have mind boggling amounts of wealth.
Medicare is something you pay for in literally every paycheck. Your ability to narrow-mindedly scope out one part of one plan isn't getting to what my ultimate point was. The original post was also in regards to the VA - not medicare.
You cannot say something is "free" or that you have a choice just because you pay for something under the guise of something with the word "tax" instead of the word "insurance premium".
Well, you can - but you would be in the same boat as anyone dumb enough to believe Warren/Bernie when they say the word "free"
Your comment was directly in response to a statement on Medicare and you said that the reason why they liked it more than private insurance is that public is free and private insurance is not. This is nonsense, there is private insurance that is every bit as ‘free’ as Medicare, just as he said.
You shouldn’t denigrate other people’s intelligence and knowledge when you don’t know what you’re talking about.
I honestly can't tell where you're going with on this topic but my original point still stands - Medicare has never - and will never be free. You pay for it in every paycheck. The government pays the private insurance, based on the taxes. The fact that there is a man-in-the-middle that collects the tax doesn't take away the fact that YOU paid for it. Not the government. YOU.
It isn't free. It isn't $0 premium. Your inability to see indirect capital flow is just mind-boggling.
I honestly can't tell where you're going with on this topic but my original point still stands - Medicare has never - and will never be free. You pay for it in every paycheck. The government pays the private insurance, based on the taxes. The fact that there is a man-in-the-middle that collects the tax doesn't take away the fact that YOU paid for it. Not the government. YOU.
It isn't free. It isn't $0 premium. Your inability to see indirect capital flow is just mind-boggling.
"60 million to a dude who has one billion is a trivial amount of money"
Rich people don't live life's of "Oh it's just a drop in the bucket, who cares". It's precisely the opposite of what got them rich. Basic characteristics that majority of rich people have:
For those claiming that billionaires would liquidate their assets and try to move them out of the country illegally, and renounce their citizenship over Warren's tax plan, my question to you is "why"? Her tax plan would make 0 impact on their standard of living. Why would a billionaire go through the headache of liquidating all their assets, obtaining new citizenship elsewhere, moving their entire household, renouncing US citizenship, etc, all for the sake of numbers on a spreadsheet? Particularly when they would then loose all their assets that they aren't able to liquidate.
Why So Many Renunciations?
While the reasons for abandoning citizenship vary from one person to the next, the recent spike in numbers is largely due to newer tax laws, including the Foreign Account Tax Compliance Act (FATCA) of 2010. According to the IRS, FATCA is “an important development in U.S. efforts to combat tax evasion by U.S. persons holding accounts and other financial assets offshore.”
So the primary reason is driven by people already living outside the US, where the burden for renunciation would already be lower. Seems like a perfectly comparable case to billionaires living in the US.You could ask the 5000+ people/year who renounce
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Why People Renounce Their U.S. Citizenship
The number of Americans giving up their citizenship is down but is still near record levels. Here's why.www.investopedia.com
You could ask the 5000+ people/year who renounce
![]()
Why People Renounce Their U.S. Citizenship
The number of Americans giving up their citizenship is down but is still near record levels. Here's why.www.investopedia.com
You realize the people cited in the FATCA tax reporting thing typically are people who have lived outside of the US the majority of their lives.
They have to find FATCA compliant banks which per Forbes can be challenging.
So yes they are renouncing US citizenship because of a tax compliance issue but I see little value in a citizen who hasn’t been in the US most of their life.
These people aren’t billionaires because the number of US billionaires have been on the rise since 2010(ish). Appears the majority have foreign born spouses or families and simply don’t want to be bothered finding banks & accountants that are FATCA compliant since they have little intention of coming back.
OK? But the point remains people have renounced for tax policy. To think more wouldnt do the same is naive.
I’m perfectly fine with a few billionaires going thru great effort and great risk and great inconvenience (pain) to save a few percent in their taxes. Zero problem with it.
Opinion: those that go thru all the hassle are simply too greedy to want to keep around. What value does some dude who has hundreds of millions or billions and his only goal is the roll around in as much money as possible. No way this guy is contributing to any charities or doing anything useful with his money to help anyone out.
It's also a thing where the human mind recalibrates toward a "normal" at whatever level you reach, so despite their vast abundance and all the security that can be maintained with it, their insecurities continue to gnaw and undermine them. And their peers all share the same dysfunctions.You're correct. It's a game to them. When you achieve levels that exceed anything the human brain can comprehend, it's all about moving up and down some Forbe's list. Like getting a high score in Galaga at the arcade when you were a kid. That's why we get that obscenely wealthy dbag blubbering on TV at the mere thought of losing some of his points.
Charity is tax evasion.First, do you really think these wealthy people would do all this work themselves? LMAO
Second, do any kind of proof of the bolded? Or do you say that because it fits your narrative of rich people bad?
You do realize that there aren't 5,000 plus billionaires in the US, right? In other words, for these people renouncing citizenship could very well have an impact on their standard of living. Also, you are looking at the wrong population. These are primarily people already living abroad. So I don't think this is very applicable. In fact, if anything it emphasizes my point. Note that one of the main reasons given is so that foreign banks will work with you. If you are living abroad, its a pretty big pain in the ass not to be able to bank in that country.You could ask the 5000+ people/year who renounce
![]()
Why People Renounce Their U.S. Citizenship
The number of Americans giving up their citizenship is down but is still near record levels. Here's why.www.investopedia.com
It's also a thing where the human mind recalibrates toward a "normal" at whatever level you reach, so despite their vast abundance and all the security that can be maintained with it, their insecurities continue to gnaw and undermine them. And their peers all share the same dysfunctions.
You do realize that there aren't 5,000 plus billionaires in the US, right? In other words, for these people renouncing citizenship could very well have an impact on their standard of living. Also, you are looking at the wrong population. These are primarily people already living abroad. So I don't think this is very applicable. In fact, if anything it emphasizes my point. Note that one of the main reasons given is so that foreign banks will work with you. If you are living abroad, its a pretty big pain in the ass not to be able to bank in that country.
This makes sense for upper middle class or lower upper class people already living abroad. I don't see how it makes sense for a billionaire living in the US to upend their lives.
There is little you can do to curb human competitiveness. However, you can prevent runaway winners, which is what Warren is proposing we do. The way our economy is set up, the more money you make, the easier it becomes to make money. If we just let it happen, this leads to what we are seeing right now with severe wealth inequality.Our brains are just simply wired to be competitive. It doesn't matter if it's having the most money, getting first place on a spelling bee, first place on a competitive sport, or highest score on a videogame.
There is little you can do in that regard.
First, do you really think these wealthy people would do all this work themselves? LMAO
Second, do any kind of proof of the bolded? Or do you say that because it fits your narrative of rich people bad?
I've seen the ads, but I don't trust them. I just signed up 3 months ago for a Kaiser Permanente Advantage plan and I pay 54 dollars a month, which is their lower tier plan. I still have co pays and over 5k that I might still have to pay out of my pocket. Regular doctor visits are free.But some Medicare Advantage programs from private insurers ARE free.
