Trump's tax plan: Massive cuts for the 1% will usher 'era of dynastic wealth'

Would you rather see capital gains back at the Clinton 29% rate or back at the Bush 15% rate and why?

 

Supply side is what has created the periods of strong economic growth because more people engage in labor and thus create wealth and then they spend it and invest it. Transferring wealth from one person to another does not.

 

So you believe the purpose of the tax system is to limit the amount of wealth a private citizen can earn?

Again what share of the necessary tax revenues tonfund the operation of the government should the bottom 50% be responsible for? The top 1%.

Again see above, how progressive should it be? The top 1% pays about 40% of the taxes necessary to fund the government, the top 25% over 80% the bottom 50% pays virtually nothing. If that is not progressive enough what would be?

So tax rates should be set on how much the government believes you should have left after it confiscates what it wants?

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And what effective rate would that be?

 

Transference of wealth of the sort leftists endorse
is truly giving a man a fish so he can eat for a day.
Leaving more money in the hands of people who invest in businesses and job training is teaching someone to fish so they can provide for themselves for a lifetime.

The confiscatory taxation policies the left loves have never really worked but in order for the left's plans to succeed they need all the people grasping for free fish they can get.

 

Defense is not a "mandatory spending" it is set by annual spending bills which determine the levels. Social Security is made up of trust funds which are off-budget except for what the government has recently had to make up under the temporary FICA holiday which has been in effect but due to sunset and should be sunsetted.

 

Which sector is the fastest growing? Everything I've read says hospitals, hotels, retailers and temp jobs are where it's at nowadays. That sounds like service sector to me.

 

She keeps going back to the "well if someone gave you a million dollars would you take it? " question to defend her lifestyle.. Well Lucy we are not "giving" you all that money the Government is TAKING it from us.

 

http://www.bls.gov/web/empsit/tab2.txt I'm sure doctors and nurses consider themselves service sector as opposed to professionals. I highly suggest you don't suggest that they get you coffee while slapping on their gloves.

 

Haven't you figured out yet that progressives are ALWAYS WRONG?

The same people saying all this nonsense are the same people that claimed all these bailouts were great and Obamacare was one of the best pieces of legislation in US history..

What Obamas economic plan is going to do is create a major economic boom and EVERYONE will get wealthy (er finanically grow) - the only people that won't be ahead finanically a year or two from now would be those that REFUSE TO WORK - the welfare crowed.....

 

The rich owe a duty to the society that enables their wealth. (*)(*)(*)(*) rich people and their poor poor tax plight.

 

Social security trust funds, and those would be stored where? Oh, I remember, they were used to buy bonds to finance wars in Iraq and Afghanistan. The same bonds that Trump proposed should be renegotiated. Obviously that can't happen but he's surely going to try and find a way not to honor them.

 

Nurses will get you coffee. Just ask!

Hospitals are experiencing a growth spurt do to Obamacare lowering their financial liabilities. Here the left has bemoaned lowering taxes and regulations doesn't result in job growth. I Guess they were wrong, eh.

 

Or it could be because baby boomers are old now, are living longer and require more care. I'll go with that since it makes sense.

 

It's not a coincidence hospitals started reporting record level profits as Obamacare was implemented. That makes sense, too.

 

Best Trump proposal is his tax plan. Keeps billions int he hands of free, productive people rather than the sewer of govt..

 

Well, I've never seen a GOP administration that didn't want to expand military spending. The last one started two wars that were off the books to make it seem like they didn't cost anything. While, at the same time, giving billions away to Cheney's buddies at Halliburton etc.

Second, the FICA payroll tax holiday sunsetted in 2013, so I am not sure what you are on about.

 

It is about time we had a government started looking out for trust fund babies who have been totally forgotten by Obama...

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There will be thousands of jobs washing private jets now...

 

The US Treasury for the Social Security Administration.

Only any surplus funds, the reserve. If you do not believe they should be invested in US Treasury Bills where do you suggest they should be invested?

US T Bills can be renegotiated by the Secretary of the Treasury who works for the President.

So again back to the point in spite of you attempt to divert. SS spending is not an on-budget item.

 

I'm not sure what your point is here.

I think you are trying to make this personal. But, I don't really see my own financial situation as being the measure of how we distribute tax.

But, yes, I do think capital gains should be counted as income.

 

What does that have to do with fallaciously calling it mandatory spending?

Wars are not budget items they are funded with supplimentary spending bills as needed and that spending is a public record so what is your point.

You're saying Haliburton did nothing to earn that money and why would the Bush administration have simply given Haliburton that money?

FYI

Bloomberg Businessweek: KBR Inc. [aka Halliburton] was selected for a no-bid contract worth as much as $568 million through 2011 for military support services in Iraq, the Army said.The Army announced its decision yesterday only hours after the Justice Department said it will pursue a lawsuit accusing the Houston-based company of taking kickbacks from two subcontractors on Iraq-related work. The Army also awarded the work to KBR over objections from members of Congress, who have pushed the Pentagon to seek bids for further logistics contracts.
http://www.lonelyconservative.com/2...a-admin-gives-no-bid-contract-to-halliburton/

So Haliburton is Obama's buddy now?

 

The bolded section says it all. No need for any further discussion.

 

What about it, that was one year. If Haliburton we Bush and Cheney's "buddies" and that is why they got the contract then why did the Obama administration also give them a HUGE no-bid contract.

And what are you claiming Bush and Cheney got out of this asserted deal?

And BTW Haliburton is the expert at doing jobs such as this as they have done so for their own overseas operations for years and for other large companies. My two sons both did multiple tours in both Afghanistan and Iraq and speak highly of the services they provide them to make life easier and as closed to home as they could.

 

do you really think someone who is subject to the death tax (I am) is Unaware how it works. Why should the government get something it didn't earn from someone who already paid lots of taxes on it. The death tax is an abomination that panders to class envy

 

Did you though? Let's say you bought 100 shares of Microsoft in 86 for $2,100, today they'd be worth around $2,000,000. You also bought a nice little place in Colorado before it became chic for $25,000 that today could fetch as much as $1,000,000. Without estate taxes your heirs just picked up nearly $3,000,000 that have never had a dime of taxes paid on them. Sweet deal.

 

She has a valid point about taking money offered to her. So I don't blame her in the least, I blame the system that offers her the money to sit on her backside doing nothing all day at someone else s expense. I don't know Trumps plan for welfare, he's been very quiet on that subject, but I'm hoping he stops the abuse of a system that costs taxpayers over $1 trillion a year.
After all he will need lots of people who can dig foundations and pour concrete very soon.