Machiavelli Posted January 28, 2019 Author Report Share Posted January 28, 2019 Bernie 2020! Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted January 28, 2019 Report Share Posted January 28, 2019 I’ve never seen that phrase written before. It’s sort of eloquent, in an extreme-socialist way. I don’t think one can enter into a tax rate voluntarily though. It’s usually something imposed upon you, by a king or a government. BAUSThat is because you have not considered all the options. People think the economic system is God's law. It isn't. It is the creation of govt. You had 70% taxes after the great depression when the wealthy's assets had been reduced by 80%. The communists were on the march and threatening to take the other 20%. You did not even have socialism in much form until the Russian revolution. Debt throughout history has been illegal. The government can declare all debt to be eliminated. This would end 90% of all wealth in the world. The govt can also nationalize all oil, banks, electricity, water and impose taxes on financial transactions that would all but eliminate paper wealth. Some of this is going to happen in one form or another and it will likely start with Medicare for All which is going to put a huge dent in health care profits down the line. So yes, 70% taxes are preferrable to a lot of things. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted January 28, 2019 Report Share Posted January 28, 2019 ACH is all for extreme SOCIALISM. Unless he has to share his "illegally won" $10k, nope, he is full capitalist there. ACH you should move to France, full-blown banking socialism with Macron and they lowered the age of consent. PedoRailer would be happier there,There is nothing more hilarious than a broke Latin American libertarian. Yes, I'll be moving to France before Latin America. Quote Link to comment Share on other sites More sharing options...
mikeman Posted January 28, 2019 Report Share Posted January 28, 2019 I guess our current education system is pretty bad if most young people have no idea what socialsm is, what is does, and what having it would mean? Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted January 28, 2019 Report Share Posted January 28, 2019 I guess our current education system is pretty bad if most young people have no idea what socialsm is, what is does, and what having it would mean?Actually, they have been educated through the School of Hard Knocks which is the best educator. They have changes in mind. The next 30 years are going to be a doozy. Quote Link to comment Share on other sites More sharing options...
Machiavelli Posted January 28, 2019 Author Report Share Posted January 28, 2019 You don't get it! It's not 70% on every dollar of taxable income. It's would be 70% on every dollar over 10 maybe 20 million. You're still left with plenty of money to purchase assets. This same taxpayer doesn't make this kind of income in another country. Plus most of the wealthiest subject to this tax own businesses and are making fortunes, so they also have family members on payroll, ownership which reduces the tax liability. Less exposure at the 70% marginal rate.But I know you don't get it. I hope some do.The 1% richest Americans own more wealth than 90%.Big Runner aka Michael Moore is correct here. #Bernie2020 Quote Link to comment Share on other sites More sharing options...
Machiavelli Posted January 28, 2019 Author Report Share Posted January 28, 2019 We need to correct this imbalance and while we shouldn't go full socialism, do more to address rising wealth inequality. I do think Pres Trump n the Republicans could help some if our economy keeps booming, but will still need to be held to account by the people. But we do know Bernie would make a dent for sure. Quote Link to comment Share on other sites More sharing options...
mikeman Posted January 28, 2019 Report Share Posted January 28, 2019 Actually, they have been educated through the School of Hard Knocks which is the best educator. They have changes in mind. The next 30 years are going to be a doozy.Hard knocks. They're the most pampered generation in history. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted January 28, 2019 Report Share Posted January 28, 2019 Hard knocks. They're the most pampered generation in history.They are the first generation that will make less than their parents. They are not happy. Quote Link to comment Share on other sites More sharing options...
mikeman Posted January 28, 2019 Report Share Posted January 28, 2019 They are the first generation that will make less than their parents. They are not happy.Yup, and the only way that's gonna change is by working harder, whining aint gonna do it. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted January 28, 2019 Report Share Posted January 28, 2019 Yup, and the only way that's gonna change is by working harder, whining aint gonna do it.Oh, you'll be surprised. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted January 28, 2019 Report Share Posted January 28, 2019 Because the USA is perhaps the only country in the world that forces its citizens to pay income tax on worldwide income, regardless of where they live. One of the guys who make millions or billions off Facebook renounced his citizenship and took off so he didn’t have to pay tax on it. BAUSNot all worldwide income and only over $100k. Rental income and other non-jobber oriented income is exempt. Quote Link to comment Share on other sites More sharing options...
Balco Posted January 28, 2019 Report Share Posted January 28, 2019 Yes I fully understand what a 70% tax rate will do. It will cause wealthy people to move their assets to a reasonable country. And also renounce American citizenship, which has been climbing year after year by the way. So there will no be actual increase in tax revenues. Companies will close and unemployment will rise even further. More people will need food stamps then ever before, yet there will be no tax revenue to support it. The government will print more money, which will cause inflation, and the whole thing will become a disaster. Pretty easy to see how a 70% tax rate will play out. BAUSSpot on! Quote Link to comment Share on other sites More sharing options...
Machiavelli Posted January 29, 2019 Author Report Share Posted January 29, 2019 Bernie will save us. It's an unfair game that only he wants to make more fair. Quote Link to comment Share on other sites More sharing options...
mikeman Posted January 29, 2019 Report Share Posted January 29, 2019 Bernie will save us. It's an unfair game that only he wants to make more fair.Hmmm, are there people out there that really think the world can be made fair? Do you? Quote Link to comment Share on other sites More sharing options...
Machiavelli Posted January 29, 2019 Author Report Share Posted January 29, 2019 Hmmm, are there people out there that really think the world can be made fair? Do you?Key word: *more* We will never have full or even mostly equality--nor should we. That's when you get into hardcore communism and socialism......But what makes a republican?? A limited govt, strong defense and a structure to society that ensures survival generation after generation. Well, our republic is perverse on $$$ being concentrated in the hands of a very few, and those people made that $$ off of and in our republic. By making things more fair, rather than them controlling 90% of the wealth, even 70-75 is ridiculous enough, yet that 15% or so could do WONDERS for our republic. We need to treat our people as our number one resource and ensure that we also keep a strong structure to society. We can do this without getting wild, and in a way that doesn't fundamentally alter our system. Now, the election of Trump showed we can look to outsiders to shake things up. Bernie is the next shake up. Get ready. Quote Link to comment Share on other sites More sharing options...
mikeman Posted January 29, 2019 Report Share Posted January 29, 2019 Key word: *more* We will never have full or even mostly equality--nor should we. That's when you get into hardcore communism and socialism......But what makes a republican?? A limited govt, strong defense and a structure to society that ensures survival generation after generation. Well, our republic is perverse on $$$ being concentrated in the hands of a very few, and those people made that $$ off of and in our republic. By making things more fair, rather than them controlling 90% of the wealth, even 70-75 is ridiculous enough, yet that 15% or so could do WONDERS for our republic. We need to treat our people as our number one resource and ensure that we also keep a strong structure to society. We can do this without getting wild, and in a way that doesn't fundamentally alter our system. Now, the election of Trump showed we can look to outsiders to shake things up. Bernie is the next shake up. Get ready.Lots of things that need to be done, unfortunately there is not one person in the US today that is capable of overseeing any of it. With politicians being the least qualified, least trusted, least capable. Therefore none of it should even be attempted. The whiny argument that "we need to redistribute wealth" should be replaced with..."work hard, study hard, do your best, persevere" , which is what other countries(india, china, etc) do all the time. Quote Link to comment Share on other sites More sharing options...
Machiavelli Posted January 29, 2019 Author Report Share Posted January 29, 2019 Lots of things that need to be done, unfortunately there is not one person in the US today that is capable of overseeing any of it. With politicians being the least qualified, least trusted, least capable. Therefore none of it should even be attempted. The whiny argument that "we need to redistribute wealth" should be replaced with..."work hard, study hard, do your best, persevere" , which is what other countries(india, china, etc) do all the time.Part of it. We should never have a system where a select few control 90%. Quote Link to comment Share on other sites More sharing options...
mikeman Posted January 29, 2019 Report Share Posted January 29, 2019 Part of it. We should never have a system where a select few control 90%.You got your head in the sand man, americans are stupid, uneducated. Go to places people are, games/bars/walmart, go anywhere, talk to people, listen to people, what do you see, it's like the movie the 6th sense except it's "I see dumb people". The reason wealth is becoming more concentrated is because half the people in the country are lazy morons, urban hillbillies, rural hillbillies, they have no money because they contribute little or nothing. Quote Link to comment Share on other sites More sharing options...
Machiavelli Posted January 29, 2019 Author Report Share Posted January 29, 2019 Build a stronger Republic. America's survival is counting on such. Don't worry, we can have a Wall still. Quote Link to comment Share on other sites More sharing options...
WVU Posted January 29, 2019 Report Share Posted January 29, 2019 I voted for Bernie in the primary last time. My problem with him is he let the dems get away with shutting him out of even the possibility of winning the primary. He had zero shot even if he got the votes as the delegates conspired to put Hillary in no matter what Quote Link to comment Share on other sites More sharing options...
Sol Aristatel Posted January 29, 2019 Report Share Posted January 29, 2019 He had zero shot even if he got the votes as the delegates conspired to put Hillary in no matter what And yet the D's don't care. That should have been enough to completely ruin the party. I would have bolted if I were a D. Unacceptable. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted January 29, 2019 Report Share Posted January 29, 2019 You got your head in the sand man, americans are stupid, uneducated. Go to places people are, games/bars/walmart, go anywhere, talk to people, listen to people, what do you see, it's like the movie the 6th sense except it's "I see dumb people". The reason wealth is becoming more concentrated is because half the people in the country are lazy morons, urban hillbillies, rural hillbillies, they have no money because they contribute little or nothing.This is the core of the R party. Quote Link to comment Share on other sites More sharing options...
FairWarning Posted January 29, 2019 Report Share Posted January 29, 2019 Key word: *more* We will never have full or even mostly equality--nor should we. That's when you get into hardcore communism and socialism......But what makes a republican?? A limited govt, strong defense and a structure to society that ensures survival generation after generation. Well, our republic is perverse on $$$ being concentrated in the hands of a very few, and those people made that $$ off of and in our republic. By making things more fair, rather than them controlling 90% of the wealth, even 70-75 is ridiculous enough, yet that 15% or so could do WONDERS for our republic. We need to treat our people as our number one resource and ensure that we also keep a strong structure to society. We can do this without getting wild, and in a way that doesn't fundamentally alter our system. Now, the election of Trump showed we can look to outsiders to shake things up. Bernie is the next shake up. Get ready.If the most powerful D’s savataged him last time, why would they embrace him this time? Quote Link to comment Share on other sites More sharing options...
FairWarning Posted January 29, 2019 Report Share Posted January 29, 2019 This is the core of the R party.I don’t know about that. There are an awful lot in the business world who are R’s. Quote Link to comment Share on other sites More sharing options...
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