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Thread: White House Tax Plan Would Ask More of Millionaires

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    Slightly higher?
    Yes, slightly higher compared to what taxes were on millionaires and billionaires in our past, and yet they still had the incentive to get rich, how could that be???
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by winston53660 View Post
    So you would have a higher tax burden on those that receive FEDERALLY run social welfare programs. Genius move there.
    That is pure speculation on your part and my bet is the state and local communities can run those programs better and if not the people of the state know where to go to get answers as to why not

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Catawba View Post
    Yes, slightly higher compared to what taxes were on millionaires and billionaires in our past, and yet they still had the incentive to get rich, how could that be???
    Please stop making a fool of yourself, what were the loopholes in those higher tax rates thus the effective rate that the rich paid, higher or lower than now? I posted a chart showing tax revenue and of course you ignored it.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    That is pure speculation on your part and my bet is the state and local communities can run those programs better and if not the people of the state know where to go to get answers as to why not
    I'm talking about the here and now not your pipe dreams.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by winston53660 View Post
    From what perspective TD?

    In total more of the lower classes income goes towards taxes than the wealthy. Hence a higher tax burden on the lower classes or IOW could we say class warfare on the poor.
    You ignore several things that matter

    1) what people use

    2) what value they receive

    3) the total dollars paid

    and I reject your claims-there has never been conclusive proof and the stuff you have cited counts crap that cannot be accurately measured.



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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Catawba View Post
    Fannie and Freddie played a small part in the economic meltdown:

    "More than 84 percent of the subprime mortgages came from private lending institutions in 2006 and the share of subprime loans insured by Fannie Mae and Freddie Mac decreased as the bubble got bigger (from a high of insuring 48 percent to insuring 24 percent of all subprime loans in 2006).[48] Despite conservative criticism for government lending programs as the main cause of the crisis,[49][50][51][52] much of the crisis was independent of government home loan programs.
    Government policies and the subprime mortgage crisis - Wikipedia, the free encyclopedia

    The Republicans pushed the repeal of the Glass Steagall act and Clinton signed it. I am for its reestablishment, are you?
    So I guess you admit now that we did not have adequate regulation of the banking industry?
    Let's add Freddie and Fannie to the list of topics that you know nothing about. Where did those subprime loan bundles go? What we need is the govt to get out of the banking business period. Let the banks fail. NO bailouts for private business.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    You ignore several things that matter

    1) what people use

    2) what value they receive

    3) the total dollars paid

    and I reject your claims-there has never been conclusive proof and the stuff you have cited counts crap that cannot be accurately measured.
    Okay how are you going to quantify point number 1 ?

    Good luck on that

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by winston53660 View Post
    I'm talking about the here and now not your pipe dreams.
    Your claim is pure speculation, period. How do you know what my burden would be for those Federal Programs at the state level. I prefer paying a local individual to administer social programs vs a bureaucrat in D.C.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    Let's add Freddie and Fannie to the list of topics that you know nothing about. Where did those subprime loan bundles go? What we need is the govt to get out of the banking business period. Let the banks fail. NO bailouts for private business.
    Hello great depression.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    and you think because a bunch of progressives, socialists and demotards wanted to buy the votes of the many by taxing the few constitutes our forefathers by all means do so. Its an idiotic claim.
    If you cannot make a post backed by evidence for your wacky opinions, could you at least attempt complete coherent sentences? Your poorly written posts make it very difficult to believe your constant claims that you are an attorney.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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