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

    Joined:
    Nov 30, 2016
    Messages:
    1,119
    Likes Received:
    363
    Trophy Points:
    83
    Gender:
    Male
    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

    Joined:
    Sep 24, 2008
    Messages:
    37,189
    Likes Received:
    1,574
    Trophy Points:
    113
    Would you have a higher rate for Jews, given the antisemitism?
     
    Lil Mike likes this.
  3. james M

    james M Well-Known Member

    Joined:
    Jul 10, 2014
    Messages:
    12,655
    Likes Received:
    795
    Trophy Points:
    113
    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

    Joined:
    Jul 10, 2014
    Messages:
    12,655
    Likes Received:
    795
    Trophy Points:
    113
    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

    Joined:
    May 12, 2010
    Messages:
    16,153
    Likes Received:
    1,736
    Trophy Points:
    113
    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

    Joined:
    Sep 4, 2016
    Messages:
    22,335
    Likes Received:
    8,118
    Trophy Points:
    113
    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.
     
    LafayetteBis likes this.
  7. Hoosier8

    Hoosier8 Well-Known Member Past Donor

    Joined:
    Jan 16, 2012
    Messages:
    87,870
    Likes Received:
    20,527
    Trophy Points:
    113
    Of course that means the poor should pay their fair share, but they don’t.
     
  8. vman12

    vman12 Well-Known Member Past Donor

    Joined:
    Jun 25, 2015
    Messages:
    49,444
    Likes Received:
    30,372
    Trophy Points:
    113
    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

    Joined:
    Apr 27, 2018
    Messages:
    7,405
    Likes Received:
    3,522
    Trophy Points:
    113
    Gender:
    Male
    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

    Joined:
    Jun 25, 2015
    Messages:
    49,444
    Likes Received:
    30,372
    Trophy Points:
    113
    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

    Joined:
    May 15, 2017
    Messages:
    11,905
    Likes Received:
    3,349
    Trophy Points:
    113
    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

    Joined:
    Feb 5, 2016
    Messages:
    20,396
    Likes Received:
    4,773
    Trophy Points:
    113
    Gender:
    Male
    Two words: TAX LAW.

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

    Kode Well-Known Member

    Joined:
    Feb 5, 2016
    Messages:
    20,396
    Likes Received:
    4,773
    Trophy Points:
    113
    Gender:
    Male
    Great. Let them go. Then the working class can take over the job of production, -DEMOCRATICALLY.
     
  14. Kode

    Kode Well-Known Member

    Joined:
    Feb 5, 2016
    Messages:
    20,396
    Likes Received:
    4,773
    Trophy Points:
    113
    Gender:
    Male
    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

    Joined:
    Feb 5, 2016
    Messages:
    20,396
    Likes Received:
    4,773
    Trophy Points:
    113
    Gender:
    Male
    Your story is your own fantasy. YOU answer it then.
     
  16. vman12

    vman12 Well-Known Member Past Donor

    Joined:
    Jun 25, 2015
    Messages:
    49,444
    Likes Received:
    30,372
    Trophy Points:
    113
    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

    Joined:
    Jun 25, 2015
    Messages:
    49,444
    Likes Received:
    30,372
    Trophy Points:
    113
    Yeah just like Venezuela and France.

    Another good one.
     
  18. Reiver

    Reiver Well-Known Member

    Joined:
    Sep 24, 2008
    Messages:
    37,189
    Likes Received:
    1,574
    Trophy Points:
    113
    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

    Joined:
    Aug 4, 2011
    Messages:
    29,450
    Likes Received:
    7,100
    Trophy Points:
    113
    Irrelevant since the proposal is a tax on income, not wealth.
     
    Hoosier8 likes this.
  20. Lil Mike

    Lil Mike Well-Known Member

    Joined:
    Aug 4, 2011
    Messages:
    29,450
    Likes Received:
    7,100
    Trophy Points:
    113

    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?
     
  21. vman12

    vman12 Well-Known Member Past Donor

    Joined:
    Jun 25, 2015
    Messages:
    49,444
    Likes Received:
    30,372
    Trophy Points:
    113
    Oh, did I get something wrong with my comments regarding France being the perfect example?
     
  22. Reiver

    Reiver Well-Known Member

    Joined:
    Sep 24, 2008
    Messages:
    37,189
    Likes Received:
    1,574
    Trophy Points:
    113
    You forgot to apply any relevant economic rationale. Easy mistake I suppose.
     
  23. vman12

    vman12 Well-Known Member Past Donor

    Joined:
    Jun 25, 2015
    Messages:
    49,444
    Likes Received:
    30,372
    Trophy Points:
    113
    You want me to explain how the rich have been fleeing France, and it's currently in flames for "economic reasons"?
     
  24. Quadhole

    Quadhole Well-Known Member

    Joined:
    Nov 30, 2016
    Messages:
    1,119
    Likes Received:
    363
    Trophy Points:
    83
    Gender:
    Male
    Sorry, been out of town on Business. NO, I would have higher Tax on Billionaires and Mega Millionaires which happens to be mostly Jews. SO, you can look at it how you want.

    If someone says Israel's policy on the Gaza Strip is inhumane, you can call that Anti-Semi (they do). If you say America shouldn't give Israel Money anymore because they are the ONLY country in the World without Debt, you can call that Anti-Semi too, because they do.
    I could go on and on with the Examples, they are the ONLY country in the WORLD where a Religion is the base for their existence. That was done why ? It would be the same as us giving all of America or 80% of it back to the Indians. Then allowing them to take over each state in a power play that was funded by China against American.

    Your comment falls inline with Every Jewish comment once the word Jew, Jewish, Israel is used. "THAT PERSON IS ANTI-SEMI, POUND THEIR OPINIONS AS SCUM ANTI-SEMI" There are many great Israel citizens and Jewish people. They are not Billionaires, other than George Soros and look at what the right wing conservative does to that man.

    I am NOT anti any religion. But if a Religion ties a certain person to a certain THEME, so be it... Just like MUSLIMS are tied to Terrorism. Not all Muslims are terrorists, just like not all Jewish people are greedy.
     
  25. Quadhole

    Quadhole Well-Known Member

    Joined:
    Nov 30, 2016
    Messages:
    1,119
    Likes Received:
    363
    Trophy Points:
    83
    Gender:
    Male
    No, your wrong... and you're next argument would be that the RICH pay most of the TAX. That works great too, and as each year he makes more money he pays more of a %.

    Your argument has been tried for 30 years now and it doesn't work ANYMORE, only to the FOOLISH voter. The price of a Product has nothing to do with Tax. If Everyone always pays the same rate, the RICH guy continues to separate himself from all the working class further and further each year until you get what we have now.

    Actually funny to read this same LAME comment since 1985 from people that think they know, or must be paid to write what they do. As if LOGIC, good sound money THEME is what should dictate every law in every situation. If all people were equal, everyone on the planet made between 50K and 150K you would be 100% correct. There is not much difference between top and bottom. But one you get to this point, something has to be done.

    Of course many scholars have been warning this is what would happen with time. No one listened, especially those who dont just work, have worked hard to build a business, may have a corp. worth 1/2M. Took 30 years to build the shop, and they should be commended for their hard work and should have done better vs the billionaire who took their money too buy paying less tax. Not everything, like your post is JUST black and white, yes or no, good or bad... Things much be adjust with time. It sucks, but it is what has to happen.

    Other than that, the Billionaire will grow his wealth even more and the worker will continue going backwards. By the way, I am not talking from a POOR position. I own a business, we make good money, we are fine. It is everyone around me that I am arguing for, not myself. Although having twice what I do would be nice and is where I should be had the Govt regulated properly in place of for the RICH guy.
     

Share This Page