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Thread: a new U.S. wealth tax - only on the ultra-wealthy?

  1. #761
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    Re: a new U.S. wealth tax - only on the ultra-wealthy?

    Quote Originally Posted by wellwisher View Post
    The 2018 budget deficit was 3.9% of the GNP. While tax revenues to the US government was about 27% of GNP. This amounts to about a (negative) -12% rate of return on the tax investment given to the Government. If we left that money in the private sector you can earn (plus) +3 to 12%.

    One way to deal with this is to allow the private sector to provide good and service in lieu of taxes. In other words, if you owe $1M in taxes, you can offer good and services to the community equal to $1M. Microsoft could offer free software to schools instead of pay taxes. They could turn profit, provide end user services without deficit spending.

    As far as health care, if the health industries would offer services to the poor instead of pay taxes, we not only cut out all the moron middle men, but this grows the GNP.
    Aren't you forgetting something the uhh trillions of dollars America is in debt, the 1.5 billion owed to China , the trade deficits that's a chunk of change.

    As far to allow the private sector good and services to in lieu of taxes?
    I thought that's what America was doing .
    However in 2007 the #1 technical advancement was the new Iphone as any thing else been new except more upgrades,has the price went down on any products ?
    Has the budget cuts /salary cuts stopped in America where is the most wealth circulated at the 99% or is it the 10% ??
    So where is all this good stuff from the private sector is it prescription drugs, don't think so is it health care at a hospital lol, is the new laptop don't think so.

    Perhaps it's retail sales , then why did Walmart mostly China /Japanese products hit Forbes magazine and is beating American products in retail sales .
    Auto industry America is losing to Japan , Electronics lol,

    So this private sector of America better start doing something hure more Americans or lower prices or they to will wind up like Chryslxx er I mean Fiat ., or maybe they could start brushing up on the x chapters ya know 7 or is it 11??
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    Re: a new U.S. wealth tax - only on the ultra-wealthy?

    Quote Originally Posted by TurtleDude View Post
    Liberalism is a constant search for trying to pretend their desires for the wealth of others is based on something other than greed and envy
    It's also the desire to grow and expand the role of government. Do we really need government to take over Day Care in America?

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    Re: a new U.S. wealth tax - only on the ultra-wealthy?

    Quote Originally Posted by danielpalos View Post
    solving simple poverty is more effectual.
    One way to do that would be to open up our borders and take in as many of the world's most impoverished citizens.

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    Re: a new U.S. wealth tax - only on the ultra-wealthy?

    Quote Originally Posted by Cynical View Post
    One way to do that would be to open up our borders and take in as many of the world's most impoverished citizens.
    actual refugees are a relatively small minority of daily border crossers. only the right wing has nothing but repeal that can seem like simple bigotry, instead of Any better fine and wonderful and Capital solutions at lower cost.

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    Re: a new U.S. wealth tax - only on the ultra-wealthy?

    Quote Originally Posted by TurtleDude View Post
    I think one of the reasons why we have too much government is that people who don't have skin in the game vote for more government.
    The uber riche have insulated themselves very well... how else can they get tax cut after tax cut when you claim the poorer folks are voting for 'more government'???

    They do pay taxes, and dodge many taxes with tricky little provisos in the tax code. Their accountants can afford good schools for their kids, the uber riche can afford to buy any number of third world countries...

    It's not too much government, it's too much of it can be bought and most folks only have a ballot as currency...

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    Re: a new U.S. wealth tax - only on the ultra-wealthy?

    Quote Originally Posted by presluc View Post
    Oh, I see invest money to experts .
    Experts like these,
    , GMC, Freddy Mac , Fanny mae, A certain bank , all went crying like a bitch to the mean old government "who gets it's money from taxpayers/ people with jobs " for bailout money cause they got some red ink.
    Afterwards what did these experts do? well one of them gave a bonus to the person that got them into financial problems .
    The rest of these so called experts did they hire more Americans to help pay down the bills America owes no they laid more people off
    Did they even have a lousy press conference thanking the taxpayers of America NO.
    So you say give more money to the experts, after all the bailouts , after all the tax cuts after all the research grants after all the subsidies after all the outsourcing ., after 19 years of giving all this to the rich experts.
    WHERE IS AMERICA TODAY NOT TALKING ABOUT THE 1O%, BUT ALL OF AMERICA AND AMERICANS???
    FNM and FRE *are* the government.

    Quote Originally Posted by wellwisher View Post
    As far as health care, if the health industries would offer services to the poor instead of pay taxes, we not only cut out all the moron middle men, but this grows the GNP.
    They do, courtesy of EMTALA.

    Quote Originally Posted by danielpalos View Post
    actual refugees are a relatively small minority of daily border crossers. only the right wing has nothing but repeal that can seem like simple bigotry, instead of Any better fine and wonderful and Capital solutions at lower cost.
    It's not bigotry to try to enforce basic immigration controls. One of the key problems here is that, unlike every other developed nation in the world, illegal entrants have children who are automatically children (under current interpretation). So once they get in, drop a kid, they are permanently here and on the dole. That's the issue that is different, and it's not racist to say so.

    Quote Originally Posted by notquiteright View Post
    The uber riche have insulated themselves very well... how else can they get tax cut after tax cut when you claim the poorer folks are voting for 'more government'???

    They do pay taxes, and dodge many taxes with tricky little provisos in the tax code. Their accountants can afford good schools for their kids, the uber riche can afford to buy any number of third world countries...

    It's not too much government, it's too much of it can be bought and most folks only have a ballot as currency...
    Ok, you realize that the top 20% of the nation pay almost all the federal income taxes, right? You realize, in fact, they pay a massively disproportionate amount of the taxes?

    What tricky little provisos do you think there are? Every time some nit-wit leftist talks about tax dodges I ask them to show me some and I have yet to see one. Are we talking about 1031/1035 exchanges? Depreciation/Depletion? MECs? What would you specifically call a tax dodge.

    There is a fundamental problem when almost half the country doesn't pay federal income tax, yet complains that someone else isn't paying their fair share.

  7. #767
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    Re: a new U.S. wealth tax - only on the ultra-wealthy?

    Quote Originally Posted by notquiteright View Post
    The uber riche have insulated themselves very well... how else can they get tax cut after tax cut when you claim the poorer folks are voting for 'more government'???

    They do pay taxes, and dodge many taxes with tricky little provisos in the tax code. Their accountants can afford good schools for their kids, the uber riche can afford to buy any number of third world countries...

    It's not too much government, it's too much of it can be bought and most folks only have a ballot as currency...
    It is too much government (federal spending) when congress critters dare not ask for taxation sufficient to fund it for fear of damaging (crashing?) the economy and/or going against the express wishes (to be kind about it) of those funding their re-election campaigns.

    I agree that a single and occasional ballot capable of influencing at most 3 of "our" 535 congress critters pales in comparison to the influence of large amounts of campaign cash (legal bribes?) which can be offered year around to any or all of those 535 congress critters.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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