@gamebits1: Tax loopholes for the wealthy: Texas lawmaker James Talarico on private jets, mega yachts and $172 billion a year. He says there's "crazy stuff" in the tax code that lets you write off your private jet and your mega yacht as business expenses, plus the carried interest loophole and capital gains. He says the system lets people at the very top amass more wealth "without any taxation." And he says he read that just collecting what the top 1% already owes, with no new taxes, would raise about $172 billion every year: "enough to end poverty in America." 🎥 Full conversation: The Diary Of A CEO Should we close these loopholes and collect what's already owed, or would it change nothing? 👇 #taxes #taxloopholes #billionaires #poverty #economy #jamestalarico
Wow, 172 billion. They only print 2 1/2 trillion per year. They can almost cover a few weeks of interest.
2026-11-04 17:49:32
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Joseph Monterooooo :
it cost 20 billion dollars a year to end homelessness
2026-11-04 17:52:37
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Gabriel Guerrero :
How would it end poverty? Giving a poor person free money isn’t going to change anything. They’re just going to spend it on meaningless stuff, now I do agree the tax code does need to be reformed as for it has loopholes but making it were taxing billionaires 90% of their income is overkill…it will lead to more unemployed people and less jobs. There needs to be a middle ground.
2026-11-04 17:49:48
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m_carabajal :
I hate how people say it would take “x” amount of dollars like as if they were to receive the money that they would allocate every cent to the homeless. Politicians would keep that money and give it to their friends. You cant end homelessness with the idea that it has an exact dollar amount. You really want to end homelessness, quit taxing people and let the people take care of their neighbor. Give financial breaks to those who help people in their neighborhood and community
2026-11-04 18:19:37
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Saltyseal9000 :
Some bootlicker who makes 50k annual is frothing with rage at this
2026-11-04 20:16:15
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Justin :
Stephen is allergic to a follow up question on these. So many false, easily untrue things
2026-11-04 07:17:38
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Mars :
Democrat way take what not there’s
2026-11-04 17:49:25
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DAREALSGF :
What does that have to do with him?😂😂😂😂😂😂
2026-11-04 18:47:44
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daveschmidt133 :
umm. what is the federal budget this year? guarantee it isnt enough money to solve poverty
2026-11-04 17:22:02
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Pmoney :
Michigan’s preaching about taxing the billionaires out of 10 million Michiganders we have 10 or 11 billionaires. Once we take those 11 people’s money then what are the Democrats gonna do then they’re gonna start taxing everybody… taxes just don’t go away
2026-11-04 17:43:44
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TTGOG :
All I hear is bull! Lies.
2026-11-04 19:38:40
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Matt Cronenberg :
Reminder that if you take the thru way or a toll road to work every day you can’t write that shit off on your taxes, but the .01% can write off their mega yachts and personal jets. Toss our countries tax codes into the fucking trash and start over
2026-11-04 19:55:17
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ChunkieDunkie :
He will use all of those tax loopholes once he is sworn in.
2026-11-04 17:01:38
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standup :
What he's saying is that they want to rewrite the tax code so you have too pay the Government more of your money that you worked for... Dumb asses voted for this... Get ready to be taxed too death
2026-11-04 17:50:46
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