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I'm not the Left.I see that the left is no longer disguising that they want to redistribute the wealth from the wealthy to the poor.
As for the OP, it would hurt me lots. Doesn't matter if its going towards something useless or helpful to the general populace.
I do have positions on both sides of the spectrum and about 50% of my likes come from the Right.
My biggest issues on this board are with the Left, or even the liberal PC.
PCism straddling/including Both parties and one can see it in the DNA of this board.
There's only a single countable hand of us non-PCers here.
My stance here is based on MATH. (other issues too: quantitative, or science-based)
One can't deny, and you didn't take issue with what I see as two biggest problems: Wealth/income disparity and lack of jobs.
I also proposed this tax on gross income be ONLY on the wealthy (150k or 500k or even 1 mil). NOT on you.
So you didn't address anything I Posted, just ad-hommed 'Left'.
Further, on this income disparity/redistribution..
If one looks at was HAS happened to Top Marginal Rates and Cap Gains/Divs/Estate taxes for the last 30+ Years, it has been toward a more Regressive policy.
Any attempt to address/reverse the Class Warfare that has been successfully Waged and won by the Rich/Right is Ironically/'Goebbelsianly' called 'Class Warfare' by those with No history, just Hannity.
ie
...
But I hope we can Reverse somewhat the Class Warfare Viciously Waged and won by Ronald Reagan-omics.
Who lowered top marginal income tax rates from 70% in 1980 to 28% in 1988.
Including
Tax Reform Act of 1986 - Wikipedia, the free encyclopedia
The top tax rate was lowered from 50% to 28% while the bottom rate was raised from 11% to 15%. Many lower level tax brackets were consolidated, and the upper income level of the bottom rate (married filing jointly) was increased from $5,720/year to $29,750/year. This package ultimately consolidated tax brackets from fifteen levels of income to four levels of income.[1] This would be the Only time in the history of the U.S. income tax (which dates back to the passage of the Revenue Act of 1862) that the top rate was reduced and the bottom rate increased concomitantly. In addition, capital gains faced the same tax rate as ordinary income.
[......]
So again, any attempt to reverse this is Perversly called 'Class warfare' or 'Leftist'.me said:Historical income tax rates:
Top US Marginal Income Tax Rates, 1913--2003 (TruthAndPolitics.org)
Historical rates (married couples, filing jointly)
Year/ Top Rate%/ Over
1913 --- 7% 500,000
1914 --- 7% 500,000
1915 --- 7% 500,000
1916 --- 15% 2,000,000
1917 --- 67% 2,000,000
1918 --- 77% 1,000,000
1919 --- 73% 1,000,000
1920 --- 73% 1,000,000
1921 --- 73% 1,000,000
1922 --- 58% 200,000
1923 --- 43.5% 200,000
1924 --- 46% 500,000
1925 --- 25% 100,000
1926 --- 25% 100,000
1927 --- 25% 100,000
1928 --- 25% 100,000
1929 --- 24% 100,000
1930 --- 25% 100,000
1931 --- 25% 100,000
1932 --- 63% 1,000,000
1933 --- 63% 1,000,000
1934 --- 63% 1,000,000
1935 --- 63% 1,000,000
1936 --- 79% 5,000,000
1937 --- 79% 5,000,000
1938 --- 79% 5,000,000
1939 --- 79% 5,000,000
1940 --- 81% 5,000,000
1941 --- 81% 5,000,000
1942 --- 88% 200,000
1943 --- 88% 200,000
1944--- 94 200,000
1945 --- 94% 200,000
1946 --- 86% 200,000
1947 --- 86% 200,000
1948 --- 82.% 400,000
1949 --- 82% 400,000
1950 --- 84.36% 400,000
1951 --- 91% 400,000
1952 --- 92% 400,000
1953 --- 92% 400,000
1954 --- 91% 400,000
1955 --- 91% 400,000
1956 --- 91% 400,000
1957 --- 91% 400,000
1958 --- 91% 400,000
1959 --- 91% 400,000
1960 --- 91% 400,000
1961 --- 91% 400,000
1962 --- 91% 400,000
1963 --- 91% 400,000
1964 --- 77% 400,000
1965 --- 70% 200,000
1966 --- 70% 200,000
1967 --- 70% 200,000
1968 --- 75.25% 200,000
1969 --- 77% 200,000
1970 --- 71.75% 200,000
1971 --- 70% 60% 200,000
1972 --- 70% 50 200,000
1973 --- 70% 50 200,000
1974 --- 70% 50 200,000
1975 ----70% 50 200,000
1976 --- 70% 50 200,000
1977 --- 70% 50 203,200
1978 --- 70% 50 203,200
1979 --- 70% 50 215,400
1980 --- 70% 50 215,400
1981 --- 69% 50 215,400
1982 --- 50% 85,600
1983 --- 50% 109,400
1984 --- 50% 162,400
1985 --- 50 % 169,020
1986 --- 50 % 175,250
1987 --- 38.5% 90,000
1988 --- 28% <8> 29,750 <8>
1989 --- 28% <8> 30,950 <8>
1990 --- 28% <8> 32,450 <8>
1991 --- 31% 82,150
1992 --- 31% 86,500
1993 --- 39.6% 89,150
1994 --- 39.6% 250,000
1995 --- 39.6% 256,500
1996 --- 39.6% 263,750
1997 --- 39.6% 271,050
1998 --- 39.6% 278,450
1999 --- 39.6% 283,150
2000 --- 39.6% 288,350
2001 --- 39.1% 297,350
2002 --- 38.6% 307,050
2003 --- 35% 311,950
So we have the Rich and the S&P 500 sitting on record cash hoards with no place/reason to invest because they have all the marbles.
The middle/poor have no money to buy the goods (computers, cars, low-price-housing, etc) the riches companies make.
We're dead in the water unless we unlock the log-jam of wealth. (aka, no 'velocity')
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