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Bernie Sanders wants to raise the top tax rate to 90%

TextDriversKill

TextDriversKill

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I don't like this but then again - most of the super-rich are non-productive parasites with jobs of zero social value. Lawyers politicians bankers athletes entertainers market speculators. They are not steve jobs or andrew grove or bill gates.

Bernie Sanders: Tax The Income Of The Wealthiest Americans At 90% | THE GOVTSLAVES.INFO REPORT

may 27 2015
In an interview with CNBC’s John Harwood, Sen. Bernie Sanders (I-VT), who is running for the Democratic presidential candidacy, said he could back a 90 percent top marginal tax rate.

Harwood brought up that some have likened efforts to combat income inequality to Nazi Germany. Sanders noted sarcastically, “When radical, socialist Dwight D. Eisenhower was president, I think the highest marginal tax rate was something like 90 percent.”

Harwood followed up by asking, “When you think about something like 90 percent, you don’t think that’s obviously too high?” to which Sanders replied, “No.”

He continued, “What I think is obscene…when you have the top one-tenth of one percent owning almost as much as the bottom 90.”
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Bernie Sanders is a nut. 90% is wayyy too high in the current economic climate. I can understand bring levels back to pre bush tax cuts but what Bernie is suggesting is outrageous.
 
It worked for President Eisenhower--and of course building our infrastructure like his Interstate System.
What Sanders does bring to the table is IDEAS.
Something I believe our Nation has missed since Nixon, an excellent President with respect to his Domestic Accomplishments .
 
What Sanders clearly told the Billionaires yesterday in his speech is that "They can't have it ALL".
It's obvious the GOP is concerned with the economic populist message spreading the Nation.
Even Santorum spoke to this today in his entry speech for President .

catch22 said:
Bernie Sanders is a nut. 90% is wayyy too high in the current economic climate. I can understand bring levels back to pre bush tax cuts but what Bernie is suggesting is outrageous.
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Their first $50,000 would be taxed the same as my first $50,000.
 
TextDriversKill said:
I don't like this but then again - most of the super-rich are non-productive parasites with jobs of zero social value. Lawyers politicians bankers athletes entertainers market speculators. They are not steve jobs or andrew grove or bill gates.
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and you believe that confiscating their money somehow makes the poor richer?
 
TextDriversKill said:
I don't like this but then again - most of the super-rich are non-productive parasites with jobs of zero social value. Lawyers politicians bankers athletes entertainers market speculators. They are not steve jobs or andrew grove or bill gates.
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a socialist parasite whining about the rich. what an asshole. which is why that scumbag won't ever get elected
 
I wish there was a way to lower the tax rate for engineering geniuses like elon musk and raise it for useless people like lebron james.
 
Thrilla said:
and you believe that confiscating their money somehow makes the poor richer?
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many of the tax the rich types are what I call "wealth vandals". They believe they should be rich because they believe they are more "worthy" than those who are rich. They whine about Paris Hilton as an Heir etc. When they finally realize they aren't going to inherit millions, win the lottery or be discovered by George Lucas for the next Han Solo role, they became wealth vandals and hope the government destroys the wealth of the "underserving rich"

the classic "If I cannot have it neither should you"

and then they spend most of their waking hours trying to pretend their butt hurt envy is based on "the greater good"
 
TextDriversKill said:
I wish there was a way to lower the tax rate for engineering geniuses like elon musk and raise it for useless people like lebron james.
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if thousands of people want to spend 100 dollars a seat to watch Lebron Dunk over Kobie, who are you to say LeBron is worthless

If Jimmy, John Paul and Robert along with Jason decide to tour, I'd pay 500 a seat to see them. and I bet millions more would to. and the means they would earn 500 million and that would be righteous
 
TextDriversKill said:
I don't like this but then again - most of the super-rich are non-productive parasites with jobs of zero social value. Lawyers politicians bankers athletes entertainers market speculators. They are not steve jobs or andrew grove or bill gates.
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How much does Bernie Sanders make?
 
TextDriversKill said:
I don't like this but then again - most of the super-rich are non-productive parasites with jobs of zero social value. Lawyers politicians bankers athletes entertainers market speculators. They are not steve jobs or andrew grove or bill gates.
Click to expand...

This is nothing more than a political stunt by someone trying to show himself to be more left than anyone else in the field. Calls for this sort of taxation level would have real impact to our current economic model, and I am sure he knows that. Even if not, this has no serious chance of making it through Congress. Just a political statement he can take to the stump while running around appealing to the far left looking for this sort of taxation with zero concept of the impact it would really have. We are no longer in the 1950s and 1960s, these ideas are long since discredited when you objectively look at listed bracket taxation rates vs. effective tax rates.
 
Sen. Sanders is doing exactly what he set out to do--start a conversation on the issues.
Santorum reached about 25% of that level today on economic populism, the GOP's worst enemy.

Notice that the first thing GOP folks do is attack.
It is their Leadership in the House and Senate responsible for a new Tax Rewrite.
But just as with every other issue, like the Patriot Act, they simply can't lead--only obstruct .
 
NIMBY said:
What Sanders clearly told the Billionaires yesterday in his speech is that "They can't have it ALL".
It's obvious the GOP is concerned with the economic populist message spreading the Nation.
Even Santorum spoke to this today in his entry speech for President .
Click to expand...

The billionaires don't currently have it all. They are taxed higher than everyone else. I'm in support of raising the tax on them slightly high to increase revenue but 90% is laughably high. Define the "economic populist message".
 
NIMBY said:
It worked for President Eisenhower--and of course building our infrastructure like his Interstate System.
What Sanders does bring to the table is IDEAS.
Something I believe our Nation has missed since Nixon, an excellent President with respect to his Domestic Accomplishments .
Click to expand...

Ike hated high taxes... he hated unbalanced budgets more, though.

what Bernie says and what Congress will let him do are vastly different thing.... but pretending he magically gets his way and the top rate becomes 90%...there's really not going to be the effect y'all think there will be.....

I'd be very surprised if you see any revenue gains from the top quintile at all... hell, i'd be very surprised if you didn't see a revenue decrease from the top quintile if you reinstate post-WW2 rates..
 
TextDriversKill said:
I don't like this but then again - most of the super-rich are non-productive parasites with jobs of zero social value. Lawyers politicians bankers athletes entertainers market speculators. They are not steve jobs or andrew grove or bill gates.
Click to expand...

Jeesh does your blog always just copy articles there and here for ****s and gigs?

Why doesnt your blogger quote the whole article instead of like 3/4 of it then inserts something midway to cause a massive misquote? Yayyy plagiarism!

Bernie Sanders Would Tax The Income Of The Wealthiest Americans At 90 Percent
 
NIMBY said:
Sen. Sanders is doing exactly what he set out to do--start a conversation on the issues.
Santorum reached about 25% of that level today on economic populism, the GOP's worst enemy.

Notice that the first thing GOP folks can do is attack.
It is their Leadership in the House and Senate responsible for a new Tax Rewrite.
But just as with every other issue, like the Patriot Act, they simply can't lead--only obstruct .
Click to expand...

unfortunately the conversation he is supposedly "starting" invariably includes the words " Bernie" and "crazy".....he's burying his own chances by going directly to the extreme fringes on too many issues.

I understand your loyalty.. I mean, he's running as a Democrat and you've sworn some sort of blood oath to that party... but i'd be wary on hitchin' on to Bernie coattails.. it's going to be a short ride for him.
 
TurtleDude said:
if thousands of people want to spend 100 dollars a seat to watch Lebron Dunk over Kobie, who are you to say LeBron is worthless

If Jimmy, John Paul and Robert along with Jason decide to tour, I'd pay 500 a seat to see them. and I bet millions more would to. and the means they would earn 500 million and that would be righteous
Click to expand...


I think we need to take a more nuanced view. It's ignorant to go out and say we need to tax the upper bracket 90% because millionaires and billionaires are the devil. It's equally ignorant to say that the market works 100% of the time and whoever has money has it because they deserve it.

As with most things, the truth is nuanced and lies in the middle somewhere.

The good thing about capitalism is that it incentivizes productivity, and it encourages competition, certain efficiencies, and the commoditization of goods and services.

Where capitalism fails is that it doesn't account for the interconnectedness of various industries (banks too big to fail, oil too big to fail), it over-commoditizes nascent goods and services (which is why we need patent laws to counteract normal capitalistic forces of competition), it encourages pooling, price fixing, and monpolization (which is why we need antitrust laws).

The question we should be asking is how can we set up our system of capitalism to best exploit the good parts, while fixing the bad parts?
 
Peter Grimm said:
I think we need to take a more nuanced view. It's ignorant to go out and say we need to tax the upper bracket 90% because millionaires and billionaires are the devil. It's equally ignorant to say that the market works 100% of the time and whoever has money has it because they deserve it.

As with most things, the truth is nuanced and lies in the middle somewhere.

The good thing about capitalism is that it incentivizes productivity, and it encourages competition, certain efficiencies, and the commoditization of goods and services.

Where capitalism fails is that it doesn't account for the interconnectedness of various industries (banks too big to fail, oil too big to fail), it over-commoditizes nascent goods and services (which is why we need patent laws to counteract normal capitalistic forces of competition), it encourages pooling, price fixing, and monpolization (which is why we need antitrust laws).

The question we should be asking is how can we set up our system of capitalism to best exploit the good parts, while fixing the bad parts?
Click to expand...

I have never opposed paying taxes. I even can support a flat tax despite that causing the rich to still pay far more than we use. but a progressive tax is an abomination because it encourages politicians to buy the votes of the many by promising them more handouts paid for by raising the rates on a voting minority. a progressive tax guarantees more and more and more government spending
 
GOPs in D.C. are there to protect their Caymen Island buds and every other Tax Loophole GOP Sen. Tom Coburn identified in his July 2011 Back-in-Black Plan .
Their talk of a Tax Rewrite could easily be accomplished, since they're in power--but it won't as we know.

Sanders is here to remind the Public every day where GOPs are on Taxes.
GOPs are only now beginning to realize how dangerous he is.
Hence the moronic name-calling you see towards him in this and other threads .

TheDemSocialist said:
Jeesh does your blog always just copy articles there and here for ****s and gigs?

Why doesnt your blogger quote the whole article instead of like 3/4 of it then inserts something midway to cause a massive misquote? Yayyy plagiarism!

Bernie Sanders Would Tax The Income Of The Wealthiest Americans At 90 Percent
Click to expand...
 
TurtleDude said:
I have never opposed paying taxes. I even can support a flat tax despite that causing the rich to still pay far more than we use. but a progressive tax is an abomination because it encourages politicians to buy the votes of the many by promising them more handouts paid for by raising the rates on a voting minority. a progressive tax guarantees more and more and more government spending
Click to expand...

I agree... sort of. I think progressive taxation is the most efficient way to stop money from pooling to ridiculous levels. I'm not talking Bill Gates levels, I'm talking Rothschild or Vanderbilt levels.

I think what you do to combat the effect you're talking about is only allow people who own property to vote. I don't believe in "one man, one vote," I think that's fallacy.

I think engineers are much more productive and important to society than Lebron James. Therefore, I think just as taxes are progressive based on income, they should be regressive based on occupation. Nurses, engineers, scientists, inventors should pay no taxes at all in my opinion. These people's importance and contribution are higher than the normal mechanisms of capitalism reward them for.
 
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