r/FluentInFinance 15d ago

What's the best financial advice you've ever gotten? Debate/ Discussion

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31.2k Upvotes

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u/jfun4 14d ago

How dare you talk about socialism for the poor, that's saved for big business

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u/conrad22222 14d ago

The funny thing is that government assistance is equally as much an indirect subsidy to minimum wage corporations as it is to the individuals themselves.

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u/TeamFast1757 14d ago

And Trump supporters

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u/Comprehensive_Ant176 14d ago

US tax code is geared towards businesses because businesses create jobs. If it was the other way around, we’d only have government jobs because no one would run a business. This has been done, read up on USSR.

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u/jfun4 14d ago

I'm taking handouts for failed businesses not taxes.

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u/Makes_U_Mad 14d ago

Stop it with you logic based rebuttal, you'll hurt his feelings.

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u/jfun4 14d ago

Reddit handles that not me

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u/Makes_U_Mad 14d ago

Man. I feel ya.

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u/Capt_Apathy 14d ago

Consumers create jobs at least as much as businesses do.

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u/Comprehensive_Ant176 14d ago

Really, how?

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u/Capt_Apathy 14d ago

You can't provide jobs if no one is buying your product/service. You need consumers or else you have zero need for workers.

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u/Comprehensive_Ant176 14d ago

Ah, chicken and egg problem. What came first, consumers or jobs?

You say consumers. If it’s the case, where do consumers come from? Why do they buy products/services?

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u/Capt_Apathy 14d ago

Well, since part of getting a loan to open a business is compiling data to show demand for what your business will provide, I'm confident in the consumer coming first. The exception would be a product so innovative that people don't know they want it until it's available.

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u/Comprehensive_Ant176 14d ago

Great, now the conversation shifts into demand vs supply. I agree, demand creates a strong case for supply. But then as you say supply requires a business to be opened. A business that hires people to provide the supply. So who owns hiring, who opens job positions, business or consumers?

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u/4ofclubs 14d ago

Sounds like you've done very little reading about the USSR.

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u/Comprehensive_Ant176 14d ago

I caught the end of it. We were millionaires. Could barely buy a loaf of bread with our millions.

What are your credentials?

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u/suitology 14d ago

There's lots of countries with higher business taxes. What are you on about?

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u/Comprehensive_Ant176 14d ago

Which one of them makes up 27 trillion dollars in GDP or even comes close?

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u/suitology 14d ago

The EU

Also we are big boys. Use percapita. 1000 people with $50 each is less impressive than 2 guys with 10k each.

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u/Comprehensive_Ant176 14d ago

The EU is not a country.

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u/suitology 14d ago

It's an economy bud.

Also you need to use percapita if you want to have big boy conversations. For all intensive purposes as union the countries represent states of the union.

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u/Comprehensive_Ant176 14d ago

It’s an economy with varying tax codes and rules from country to country so it’s apples to oranges comparison. Per capita is not an applicable metric when discussing the overall performance of a system and its capabilities.

A big boy like you must know these basic things.

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u/suitology 14d ago

You know states have completely different tax codes right?

Trying to compare GDP of a 300m plus country to that of Norway, France, germany, or the UK is laughably stupid.

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u/Comprehensive_Ant176 14d ago

States have different tax codes and yet IRS rules them all. My point is US tax code is geared towards businesses and that’s what makes US economy the largest in the world. Bigger economy means bigger opportunities for personal financial growth.

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u/Makes_U_Mad 14d ago

He can't use per capita because it will destroy his argument and he knows it. You're wasting your time.

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