All of this back and forth and blah blah blah (no Greta) and this is the head meets the nail.2) we don’t have a revenue problem, we have an outlandish spending problem.
All of this back and forth and blah blah blah (no Greta) and this is the head meets the nail.2) we don’t have a revenue problem, we have an outlandish spending problem.
I get your point about the millionaire paying 10x what someone earning 60k does. But when you see things like Elon Musk paying $0 in federal income tax in 2018 does that not bother you? Does that seem like he might be avoiding paying his fair share? Or do you just think tax is inherently bad and any avoidance is justified?
In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.
Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row.
I get your point about the millionaire paying 10x what someone earning 60k does. But when you see things like Elon Musk paying $0 in federal income tax in 2018 does that not bother you? Does that seem like he might be avoiding paying his fair share? Or do you just think tax is inherently bad and any avoidance is justified?
In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.
Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row.
Why do people want government money (or cheese? or education? or etc?)? It is low-rent, hoodrat ****.
I’m cool with everything you’ve said as long as we eliminate the unique and incredibly rare exceptions.Those are really unique and incredibly rare circumstances
well let me come up with a hypothetical: let’s say a Jeff Bezos came up to the US Govt 20 years ago and said: “Hey guys, I’m going to start a corporation that’s going to employee hundreds of thousands of employees who in turn are going to pay billions in taxes over the next several decades, contribute billions in social security benefits, the company itself will pay billions in payroll and associated taxes, I’m going to give hundreds of millions to the postal service, and I’m going to invest billions in infrastructure and property taxes, but me personally as one single individual I want to pay minimal taxes if any”. Do you think the government will take that deal?
What if Elon musk said the same thing but in addition to they said he would make electric cars a viable alternative and would spend billions on creating a nationwide charging network. Do you think the government would think that’s fair?
I personally think there should be a cap on how much someone pays at 5 million. No matter how much they make they don’t pay more than 5 million. I
Think this not because of “fairness” but because the more government gets the more bloated and inefficient and the worse for society. Do you think the US government doesn’t have enough money to be a good government? I sure don’t.
They can never reckon with this reality. Because it will magically improve under their control lol.What are these progressives seeing that I am not?
I understand your position and agree with big chunks of it. I agree that we should all pay less but you also have to agree that someone that makes millions a year should not pay less than someone who makes $60k a year.
Why is that a “problem”? You think people should be taxed on their growth in wealth driven by capital assets?The problem is that the super wealthy aren't getting much of their money in the form of earned income subject to income tax. And we treat income from capital preferentially to income from labor.
Are you new to capitalism or something?https://www.mintpressnews.com/docum...as-given-319-million-to-media-outlets/278943/
It's always about the money. The oligarchs control everything you see and hear now.
Balderdash. Until everyone agrees with each and every single thing I have to say, civil discourse can get fvcked.
Things Angry White men are more likely to do than terrorize:
Fertilize their lawn.
Homebrew
Complain about their spouse
Back into parking spaces
Dress badly
Talk about escrow
Metal Detect
Angry white man doesn't have the time to go on a killing spree. He's too worried about that troublesome hitch that's popped up lately with his short irons. Because the member/guest tourney is fast approaching.
Well of course. Multi-billionaires are incredibly rare.Those are really unique and incredibly rare circumstances
A way to "correct" this is to end step-up basis cost at death for the very wealthy, say like $50M+ in cap gains. And to prevent avoiding these taxes through creating their own "charity" foundation, require that donors & their family have no say in the selection of the charity officers & how the money is used. Gates Foundation is the perfect example.The problem is that the super wealthy aren't getting much of their money in the form of earned income subject to income tax. And we treat income from capital preferentially to income from labor.
Media are liars, the FBI is the enemy, and true Democrats should be ashamed.Correct. But they also used to at least pretend to uphold standards of integrity.
"Fair share" as interpreted by any liberal, is bullshite.Fair share of taxes is an insane thought process. This country started because of opposition to tax, and when tax was introduced in the 30’s it was 1% of income for the top 5%. Currently like 55% of people don’t even pay income tax because they don’t make enough money either. But now the wealthy are expected to pay 30% or whatever of their income so it’s “fair”? What? The whole concept of tax is ridiculous and now we’re acting like the government imposing a tax and someone want to pay as little as possible is a fundamental of morals now? Ridiculous.
The government is ours. We created it. We aren't run by some nefarious power. We are run by democratically elected politicians operating under a Constitution we wrote. It's all OURS. It is not separate from us.Well, to an extent. The government, be it federal, state, or local needs to learn one one thing - it's OUR money, not their money
Also for someone so concerned about where your news comes from do you know anything about the news source you posted here? Anything?https://www.mintpressnews.com/docum...as-given-319-million-to-media-outlets/278943/
It's always about the money. The oligarchs control everything you see and hear now.
I think it's quaint that you believe that.The government is ours. We created it. We aren't run by some nefarious power. We are run by democratically elected politicians operating under a Constitution we wrote. It's all OURS. It is not separate from us.
If you really want that then in all likelihood your taxes would go up. The top one percent earned approximately 21% of the income but paid over 35% of income taxes. They paid an average rate over 6 times higher than the bottom 50% paid. The bottom 50% paid something like 3% of taxes. It doesn’t sound fair to me either but not in the way you mentioned.I’m not making a moral judgement. Just stating facts. I don’t like taxes either but I really don’t like the idea that someone that makes a ton of money pays less than most middle class folks do proportionally. Bezos Musk all of them do the same thing. Hide billions and then make a hundred million dollar donation to your pet cause and get headlines.
As part of the 45% that does pay taxes I’d like for it to be consistently applied to all citizens.
15 or so years ago the city in which I live raised payroll tax by 0.5%.The government is ours. We created it. We aren't run by some nefarious power. We are run by democratically elected politicians operating under a Constitution we wrote. It's all OURS. It is not separate from us.
A man is a man without accessorizing like a girl going to the roller skating rink. A gun is a tool for a man. No different than a shovel or a hammer. If you use it like anything other than a tool... a decoration like a peacock strutting its feathers for instance... then you might as well prance around in purple leotards as well. You are advertising your weakness by making a spectacle of your weaponry if it makes you feel more confident and gloat about knowing it is there even if hidden from plain view.I agree with most of what you say, but is one of your points that if a man carries a concealed firearm (discreetly because, that is kind of the entire point) that he isn't a real man? IOW, does carrying a weapon revoke your "real man" card, with all of the rights and privileges that come with it?
Let the rich be, and concentrate on incentivizing the return of heavy manufacturing back to this country. 0 percent corporate tax rates, for any company that pays a a competitive/living wage. Sufficient to raise a typical family of four on one and a half incomes. You could probably lower the tax rate on the middle class and see a net gain in tax revenues.
Any other problems you all need solved?
Maintaining a robust economy in the United States does NOT have to be that hard. I mean, we are the ONLY economy in the world that can weather a global downturn w/o having folks in soup and employment lines (not forever of course, but for long enough)
Labor will be paid up to its marginal revenue product. Make labor more productive with better training and job skills. Make labor markets more competitive by reducing barriers to entry on both the labor supply and labor demand sides.We can talk taxes if you want, but I'd rather talk about making corporations pay a living wage. The government should not have to supplement businesses that don't pay a living wage. We could reduce welfare by large numbers if they were good corporate citizens. Try convincing our politicians, I mean their politicians to make them. If the average American looked down the supply chain of Amazon and seen that we weren't supplementing their low pay and poor benefits they wouldn't care if bezos played in space.
As long as I can get you for the same rate I can get Jose then I might consider you.Labor will be paid up to its marginal revenue product. Make labor more productive with better training and job skills. Make labor markets more competitive by reducing barriers to entry on both the labor supply and labor demand sides.
It's not my employer's responsibility to pay me, it's my responsibility to be enough of an asset that they pay me or I find someone who will.
Let the rich be, and concentrate on incentivizing the return of heavy manufacturing back to this country. 0 percent corporate tax rates, for any company
Well IMO you have 2 options. Change the Constitution or go live somewhere else because that is how it works in America. Thank your stars you live in a small state. Your vote counts for more than those in CA, NY, TX, and FL do. They only get 2 Senators and have several millions of more people than KY does.15 or so years ago the city in which I live raised payroll tax by 0.5%.
A) It affected anyone who worked in the city, regardless of where they lived or if they could vote in city elections.
B) A prominent councilman said "It's only half a cent." Very dismissively and condescendingly. Someone earning $30,000 a year got to pay any extra $150 per year.
C) I only have the ability to vote for 2 senators and 1 representative. Not much different on the state level. I have ZERO ability to affect the government.