Pete Buttigieg Admits That When He Says ‘Fair Taxes’ He Means ‘Higher Taxes’

Discussion in 'Elections & Campaigns' started by Professor Peabody, May 19, 2019.

  1. cd8ed

    cd8ed Well-Known Member Past Donor

    Joined:
    Jul 19, 2011
    Messages:
    41,825
    Likes Received:
    32,493
    Trophy Points:
    113
    Gender:
    Male
    You don’t even know what you are speaking of; he was specifically referencing capitol gains, dividends, and numerous other tax avoidance strategies that are commonplace with the wealthy.
     
  2. cd8ed

    cd8ed Well-Known Member Past Donor

    Joined:
    Jul 19, 2011
    Messages:
    41,825
    Likes Received:
    32,493
    Trophy Points:
    113
    Gender:
    Male
    A more equal distribution of earnings.

    The bottom 50% pay nothing because they have nothing. They are barely getting by as is — when you account for all forms of taxes the system is regressive in nature.
     
    MB74 likes this.
  3. cd8ed

    cd8ed Well-Known Member Past Donor

    Joined:
    Jul 19, 2011
    Messages:
    41,825
    Likes Received:
    32,493
    Trophy Points:
    113
    Gender:
    Male
    Its amusing that anyone here believes their taxes will go up when most proposals only go into effect over several million in earnings.
     
    ImNotOliver likes this.
  4. ImNotOliver

    ImNotOliver Well-Known Member

    Joined:
    Mar 29, 2014
    Messages:
    14,692
    Likes Received:
    6,643
    Trophy Points:
    113
    It was Thomas Jefferson's idea that most pay little or no taxes, and the more one makes, the more they pay in taxes geometrically. It is a formula that has kept our country mostly a classless society. It is the demonization and dismantling of that tax scheme that has led to wage stagnation and wealth inequality.
     
  5. cd8ed

    cd8ed Well-Known Member Past Donor

    Joined:
    Jul 19, 2011
    Messages:
    41,825
    Likes Received:
    32,493
    Trophy Points:
    113
    Gender:
    Male
    I believe wealth should be taxed in the variable half percentile it occurs and zero additional deductions. So in 2016 anything above $10,400,000 would be taxed at 50%. Many people disagree with taxing wealth however so the same could apply to base income.

    upload_2019-5-20_14-27-9.jpeg
     
  6. US Conservative

    US Conservative Well-Known Member Past Donor

    Joined:
    May 19, 2015
    Messages:
    66,099
    Likes Received:
    68,212
    Trophy Points:
    113
    Gender:
    Male
    He's also a socialist and looks like Alfred e. Neuman.

    So...
     
  7. US Conservative

    US Conservative Well-Known Member Past Donor

    Joined:
    May 19, 2015
    Messages:
    66,099
    Likes Received:
    68,212
    Trophy Points:
    113
    Gender:
    Male
    Agreed.
     
    Professor Peabody likes this.
  8. struth

    struth Well-Known Member

    Joined:
    Oct 3, 2018
    Messages:
    33,519
    Likes Received:
    17,956
    Trophy Points:
    113
    Raising taxes on hard working Americans is the backbone of the Dem platform. Raises taxes on those that work and use the money to buy votes from those that do not work.
     
  9. Par10

    Par10 Well-Known Member

    Joined:
    Jan 23, 2019
    Messages:
    4,230
    Likes Received:
    3,736
    Trophy Points:
    113
    Gender:
    Male
    The problem is that the problem is never defined correctly. Dems always want more taxes on the rich. Republicans always want less tax on everyone.
    The real problem is that different people get taxed differently based on the way income is defined. Cap gains, income, deductions, credits, etc. Everyone is not equal.
    Of course the politicians know this (except for AOC who is an idiot). They just don't want to spoil the talking point. Raise income taxes all you want and it won't affect the richest people because they have very little earned income. Raise the cap gains and it'll hurt business. The problem is that they need to change the whole system so that it taxes everyone equally. The only way to do this is through a flat tax that does not play favorites nor punishes certain activities. But that would remove the power from politicians and they would never give that up.
     
  10. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

    Joined:
    Apr 19, 2008
    Messages:
    94,819
    Likes Received:
    15,788
    Trophy Points:
    113
    Than move to Venezuela where all the wealth is given to Government where they simply keep it.
     
  11. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

    Joined:
    Apr 19, 2008
    Messages:
    94,819
    Likes Received:
    15,788
    Trophy Points:
    113
    Where have you been? Wages and salaries jump by 3.1%, highest level in a decade.
     
  12. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

    Joined:
    Apr 19, 2008
    Messages:
    94,819
    Likes Received:
    15,788
    Trophy Points:
    113
    Biden is now saying he wouldn't raise taxers on the middle class, didn't he say the same thing with Obama in 2008? That was a lie.
     
    struth likes this.
  13. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    153,325
    Likes Received:
    38,994
    Trophy Points:
    113
    Gender:
    Male
    What do you mean it only occurs in the "variable half percentile"? Wealth is not limited to the top half percent. How do you plan to access it first then and collect 50% of it? You think even wealthy people have half their assets sitting around in cash?
     
  14. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    153,325
    Likes Received:
    38,994
    Trophy Points:
    113
    Gender:
    Male
    We are talking taxes not earnings.

    They have incomes.

    We are talking income taxes, the only ones that matter for this discussion.

    Try again

    The top 1% already pays 40% of income taxes. The bottom 50% pays virtually nothing. If that is not "fair" what would be?
     
  15. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    153,325
    Likes Received:
    38,994
    Trophy Points:
    113
    Gender:
    Male
    Capital gains and dividends are not tax avoidance strategies and LOTS of people have capital gains and dividends. Do you have any investments? Are they in a 401k or IRA? WOW you're avoiding taxes!!!!
     
  16. struth

    struth Well-Known Member

    Joined:
    Oct 3, 2018
    Messages:
    33,519
    Likes Received:
    17,956
    Trophy Points:
    113
    Yeah..he'll also sell some ocean front property to the dem base as well...right in Arizona
     
    Professor Peabody likes this.
  17. cd8ed

    cd8ed Well-Known Member Past Donor

    Joined:
    Jul 19, 2011
    Messages:
    41,825
    Likes Received:
    32,493
    Trophy Points:
    113
    Gender:
    Male
    I never said they were tax avoidance strategies. I said “and numerous other tax avoidance strategies”.
    Great argument, really. Keep it up :applause:
     
  18. cd8ed

    cd8ed Well-Known Member Past Donor

    Joined:
    Jul 19, 2011
    Messages:
    41,825
    Likes Received:
    32,493
    Trophy Points:
    113
    Gender:
    Male
    It should be taxed in the income percentage it is earned in, in my opinion. If the income is in the top 10% it would be taxed at 45% [100% minus earning percentile of 10% divided by two equals 45%]. All amounts of income above that amount would be taxed regardless of source.
     
  19. cd8ed

    cd8ed Well-Known Member Past Donor

    Joined:
    Jul 19, 2011
    Messages:
    41,825
    Likes Received:
    32,493
    Trophy Points:
    113
    Gender:
    Male
    You asked how to make things more “fair”, I answered.

    Ok

    All taxes matter for this discussion.

    Yes, because only looking at a small fraction of the issue will solve it.

    I have already answered you. My answer has not changed
     
  20. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    153,325
    Likes Received:
    38,994
    Trophy Points:
    113
    Gender:
    Male
    Yes taxes and tax rates, what Buttigieg was talking about. Not incomes.

    They can pay taxes too like everyone else, I have to budget my taxes.

    He's talking about income taxes, the vast majority of taxes paid by citizens.

    No you haven't,

    The top 1% already pays 40% of income taxes. The bottom 50% pays virtually nothing. If that is not "fair" what would be? Give me the numbers that would be fair.
     
  21. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    153,325
    Likes Received:
    38,994
    Trophy Points:
    113
    Gender:
    Male
    The top 1% earns 22% of income so you would cut their tax rate so they paid 22% of the income tax revenue down from the 40% they pay now? You have to do it by quintile not cumulative.
     
  22. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    153,325
    Likes Received:
    38,994
    Trophy Points:
    113
    Gender:
    Male

    Yes you did

    "he was specifically referencing capitol gains, dividends, and numerous other tax avoidance strategies that are commonplace with the wealthy."

    "and numerous other" includes what you list before the and as a tax avoidance strategies too.

    Perhaps you MEANT to say was

    ""he was specifically referencing capitol gains, dividends, and numerous tax avoidance strategies that are commonplace with the wealthy."

    Check your own grammer before you get snarky next time.
     
  23. cd8ed

    cd8ed Well-Known Member Past Donor

    Joined:
    Jul 19, 2011
    Messages:
    41,825
    Likes Received:
    32,493
    Trophy Points:
    113
    Gender:
    Male
    My basis was off of position within the spectrum of wages earned. Income placing an individual in the top 10% would be taxed at 45%. The top percent would be taxed at 50%.

    Think of a sliding grading scale on a test.
    The tax percentages of others would be dependent on their relative position.
     
  24. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    153,325
    Likes Received:
    38,994
    Trophy Points:
    113
    Gender:
    Male
    You said

    The top 1% earns 22% so they should pay 22% of the taxes by what you said
     
    US Conservative likes this.
  25. Steve N

    Steve N Well-Known Member Past Donor

    Joined:
    Jan 4, 2015
    Messages:
    70,181
    Likes Received:
    89,698
    Trophy Points:
    113
    Gender:
    Male
    What is he talking about? How will more money make kids smarter? Half of California's general fund goes to education and they have to lower standards in order for kids to graduate. Health? Didn't Obama solve that along with the infrastructure problem with his stimulus?

    The one thing I see in this guy's proposal is pandering to the unions because every field he mentioned is unionized.
     
    US Conservative likes this.

Share This Page