60% approve of 70% top tax rate - Lets do it !

Discussion in 'Economics & Trade' started by Quadhole, Jan 16, 2019.

  1. Quadhole

    Quadhole Well-Known Member

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    http://nymag.com/intelligencer/2019/01/poll-large-majority-backs-aocs-70-top-marginal-tax-rate.html

    Of course I will go as far to say, someone under 1M a year should NOT pay that kind of rate. That rate should be set for those over 20M a year and progress downward.

    It is ludicrous that a man worth Billions pays a lesser rate after write offs than someone making 30K a year.

    Now someone come along with the " STUPID argument of "the rich already pay most of the TAX" That is Mathematically a non- issue. Of course they pay more because they continue to make more money by paying a lesser % in taxes each year. Thus, the following year they have even more money and so on. Been happening since 1980 and they Progressively pay more because their income and wealth grow more each year.

    We need something like VALUE / Wealth / Income

    Because if it goes on Income alone, they will take a $1 pay rate and pay taxes on it. The rest would be pay out as Bonus, land, Stock for furture dates, etc. This way, they can postpone paying taxes for 5 years and when there isn't a change in the federal income via taxes, they will state, see, nothing has changed. Then they would put the rate back to 25% and cash out all the stocks. Or, they will move their HOME oversea's, Cayman Islands in a British Territory and mass wealth is kept there. Also why all Major Banks here have Moved a Branch into London (London, the city within the city) where money goes to hide. When asked to regulate those districts, London states they are not in charge of it.

    Huge, 100s trillions of dollars of YOUR money is sitting in these Offshore accounts hidden from Taxes to take care of OUR country. Know that it is happening and you lose more each day !
     
  2. Reiver

    Reiver Well-Known Member

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    Would you have a higher rate for Jews, given the antisemitism?
     
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  3. james M

    james M Well-Known Member

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    actually its your money when you earn it, not when the govt steals it at gunpoint and uses it to cripple you and make you vote for them.
     
  4. james M

    james M Well-Known Member

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    wrong of course what's ludicrous is that poor don't pay same price for government as rich. Do poor get a lower price in the supermarket??
     
  5. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    Money, wealth, and assets are not collectively owned. Sorry, they aren't.

    You seem to think because the wealth is represented in federal reserve issued currency, that somehow that gives you and the majority control over it.

    To be absolutely clear, that radical way of thinking is very high on my list to support a civil war. You will NOT confiscate my wealth by force.
     
  6. JakeStarkey

    JakeStarkey Well-Known Member

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    You libertarians don't understand.

    We are in this all together, and we are governed by the legislature of We the People.

    The rich failing to pay their fair share is theft.
     
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  7. Hoosier8

    Hoosier8 Well-Known Member Past Donor

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    Of course that means the poor should pay their fair share, but they don’t.
     
  8. vman12

    vman12 Well-Known Member Past Donor

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    Oh we understand just fine.

    It's leftists that don't understand.

    When you tax the rich that much, they leave.

    Then you have France.
     
  9. 61falcon

    61falcon Well-Known Member

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    In todays news from the world economic forum in Davos.OXFAM reporting that the richest 26 Billionaires in the world have as much collective wealth as the poorest 3.8 BILLION PEOPLE, one half of the entire world population.
     
  10. vman12

    vman12 Well-Known Member Past Donor

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    Yeah, nearly all of them leftists.

    Also known as "the people who own the DNC".

    Now tell us how the worlds richest liberals are going to allow their puppets to tax them at 70%.

    I'll wait.
     
  11. kazenatsu

    kazenatsu Well-Known Member Donor

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    I predict the U.S. is going to end up looking like Mexico.

    Tell me, with all that poverty, why doesn't Mexico have more equality?
    Can't answer? Then why do you think it would be different in the U.S.?
     
    Last edited: Jan 20, 2019
  12. Kode

    Kode Well-Known Member

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    Two words: TAX LAW.

    Those two words render your rant worthless, meaningless bullshit..... -all of it.
     
  13. Kode

    Kode Well-Known Member

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    Great. Let them go. Then the working class can take over the job of production, -DEMOCRATICALLY.
     
  14. Kode

    Kode Well-Known Member

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    Having the talent and resources for taking advantage of opportunities, backed by laws designed to permit it, may produce such obscene wealth but it doesn't mean that wealth is logically "owned" by the wealthy. It was TAKEN, LAWFULLY. And that is the problem. We can change laws and should.
     
  15. Kode

    Kode Well-Known Member

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    Your story is your own fantasy. YOU answer it then.
     
  16. vman12

    vman12 Well-Known Member Past Donor

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    Answer what?

    That the people who donate 90%+ of their money to Democrats are going to allow you to tax them at 70%?

    That's a good one.
     
  17. vman12

    vman12 Well-Known Member Past Donor

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    Yeah just like Venezuela and France.

    Another good one.
     
  18. Reiver

    Reiver Well-Known Member

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    Astounding naivety. Trickle down, where we blubbered about taxes without any economic rationale, delivered us extreme inequalities under neoliberalism. Wealth hoarding to the detriment of us all
     
  19. Lil Mike

    Lil Mike Well-Known Member

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    Irrelevant since the proposal is a tax on income, not wealth.
     
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  20. Lil Mike

    Lil Mike Well-Known Member

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    If you think the majority of the country is ready for this, I say make it a part of your party's platform and run on it. Let the people decide in an election.

    Just curious though, since you mentioned billionaires...do you think someone like Jeff Bezos is actually going to pay more under a 70% income tax?
     

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