Page 9 of 12 FirstFirst ... 7891011 ... LastLast
Results 81 to 90 of 112

Thread: Should the incomes of the wealthy be cut down to size?

  1. #81
    MSG Benavides TAB
    VanceMack's Avatar
    Join Date
    Feb 2010
    Last Seen
    Today @ 01:54 PM
    Gender
    Lean
    Independent
    Posts
    68,359

    Re: Should the incomes of the wealthy be cut down to size?

    Quote Originally Posted by HumblePi View Post
    Oh yeah, really? Take a guess on how much money Jeff Bezos paid in income tax last year? 0%

    Warren Buffet, one of the wealthiest men in the top 1% said that his secretary pays more federal income tax than he does.

    NO, the super wealthy do NOT pay their 'fair share' of income tax.
    1-Buffet never said his secretary made more than he did. Not once. Obama inferred that...Buffet never even implied that or mentioned his secretary. Talking points are not your friend.
    2-Buffets comments only tell part of the story. INCOME is taxed at a certain rate while INVESTMENTS are sheltered...but when those investments are cashed in you can bet your ass they will be taxed. Buffet will likely die never having touched his investment income. For all of his bull**** talk about benevolence, if he was sincere he could pull out the capital gains TODAY, be taxed on them, and then use that money for good.

    Instead he made a pretty speech and everyone coo'd at him and told him what a marvelous billionaire he was.

  2. #82
    Professor mrjurrs's Avatar
    Join Date
    Feb 2019
    Location
    The Bay
    Last Seen
    02-13-20 @ 07:45 PM
    Gender
    Lean
    Progressive
    Posts
    2,282

    Re: Should the incomes of the wealthy be cut down to size?

    Quote Originally Posted by Robertinfremont View Post
    I suggest you study the ACRS laws that vastly increased revenue to Government but led to a magnificent rise in incomes for virtually the entire nation.

    It was the way Reagan taxed us all and going into a much more efficient way that caused our rapid rise from poverty.
    Reagan raised us from poverty? Hysterical laughing...
    "California was not a part of this nation when it's history began, but we are clearly now the keeper of its future." CA Rising

  3. #83
    Professor mrjurrs's Avatar
    Join Date
    Feb 2019
    Location
    The Bay
    Last Seen
    02-13-20 @ 07:45 PM
    Gender
    Lean
    Progressive
    Posts
    2,282

    Re: Should the incomes of the wealthy be cut down to size?

    Quote Originally Posted by Robertinfremont View Post
    It would truly benefit almost every citizen for Trump to be using the Reagan system. But Democrats are out to prevent using that system. Trump has to make do with his Democrats resistance.

    You are far too emotional to be in this thread given you do not understand economics.
    Claiming Reagan was our economic savior disqualifies you from discussing anyone's ability to understand economics.
    "California was not a part of this nation when it's history began, but we are clearly now the keeper of its future." CA Rising

  4. #84
    Educating the Ignorant
    zimmer's Avatar
    Join Date
    Dec 2008
    Last Seen
    Today @ 02:03 PM
    Lean
    Conservative
    Posts
    21,595
    Blog Entries
    25

    Re: Should the incomes of the wealthy be cut down to size?

    Quote Originally Posted by Robertinfremont View Post
    If you think they should be cut down, I have some questions.

    1. Cut down for what purpose? ___________________
    2. Cut down, how can they hire workers?__________________
    3. Does the rising tide, lift all voters (er boats?)__________________
    4. What happens to the new rich, such as Jeff Bezos? You do realize he started out poor and advanced his income by making your life easier? So since he is so good at cutting your expenses, do you gain by cutting back, laying off his workers?

    This is only the beginning. We have thousands of the rich that bid for your food and sell it you cheap. You can purchase new autos due to the purchasing power the rich have plus they cut down your costs of owning cars.

    So should incomes be severely curtailed?__________________________
    Yes... government employees should have their income seriously curtailed... and a huge chunk of them should be fired so the do something productive for society.
    Democrats
    Destroyers of Liberty.

  5. #85
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 01:58 PM
    Gender
    Lean
    Other
    Posts
    22,038
    Blog Entries
    2

    Re: Should the incomes of the wealthy be cut down to size?

    Quote Originally Posted by HumblePi View Post
    But we live in a capitalist country. Those that work hard, experience great success, and have a right to reap the rewards. That's what the American dream is all about, that's why people came from by millions from countries all over the world to have the opportunity to get a slice of the pie. The rich just aren't paying enough because it's only the rich, not the middle class and certainly not the poor, that have all sorts of tax write-offs and can afford a bunch of tax attorneys making certain they aren't paying their fair share. It's the laws that are to blame.
    Which they also purchase with campaign donations and promises of lucrative opportunities after serving in congress.

    I agree with you to a point. But there are two kinds of rich people.

    Those who provide some valuable product or service, some world changing technology. That become wealthy as a byproduct.

    And those who just figure out how to tap income streams. Speculators who drive housing costs up by the simple expedient of buying up enough of the available properties in an area. Stock market types. Those kinds of activities. Extractive rather than productive.

    And they all become problematic when their wealth grows to the point where they can buy politicians to increase their wealth.
    Anyone wondering what I'm talking about start here:
    The Psychology of Persuasion

  6. #86
    Educating the Ignorant
    zimmer's Avatar
    Join Date
    Dec 2008
    Last Seen
    Today @ 02:03 PM
    Lean
    Conservative
    Posts
    21,595
    Blog Entries
    25

    Re: Should the incomes of the wealthy be cut down to size?

    Quote Originally Posted by mrjurrs View Post
    Reagan raised us from poverty? Hysterical laughing...
    Are you familiar with stagflation?

    Do you know why Carter is the 2nd worst President in American history... one notch above Obama?

    Do you know who The King of the Misery Index is... and who inherited it and lifted us out of its deepest depths to an American Renaissance?

    Should the incomes of the wealthy be cut down to size?-fa427d47-e897-4f56-b673-2df2ac8d727e-jpg
    Last edited by zimmer; 02-13-20 at 04:54 PM.
    Democrats
    Destroyers of Liberty.

  7. #87
    Sage
    HumblePi's Avatar
    Join Date
    Sep 2018
    Last Seen
    Today @ 11:07 AM
    Lean
    Centrist
    Posts
    16,588

    Re: Should the incomes of the wealthy be cut down to size?

    Quote Originally Posted by Bullseye View Post
    No true. Amazon allegedly paid zero.
    First off, he didn't SAY that. He said she paid a higher RATE, which was disproved several times.
    LOL, ah yes the idiotic LW mantra "fair share". That mythical mantra that has NEVER been quantified. Given that the top 10% of earners pay almost 90% of all income tax revenue what exactly is "fair share". You guys "jealousy taxation" is:

    Now with your third trolling issue with my comment, and your response "hogwash" -- I will prove you wrong, again.




    Attachment 67273724
    Or course I meant Amazon, ie: Jeff Bezos' company, and 'the company' paid zero federal taxes last year, that's exactly what I said.

    Irregardless as to whether Warren Buffet's paid more federal income tax or she paid a higher rate than he did, the point is the same. The billionaire paid income taxes at a much lower rate than his secretary and proportionately paid LESS.

    Now to my last point and to your trolling comment of "hogwash". When the wealthiest Americans and big corporations take unfair advantage of the many loopholes in the tax code the rest of us pick up the tab. Rather than cutting S.S., Medicare and Medicaid or cutting education funding for our children, we should ask millionaires to pay a tax rate at least as high their secretary’s.

    But there's something else, and we can use Trump as a perfect example of this since this began with Fred Trump. The extremely rich like the Trumps aren’t only earning and owning more, they're also passing wealth to their heirs tax free. What does that do? It creates a whole new American aristocracy with vast fortunes. Tax deductions that the wealthy take should at least meet a ceiling of 28%. Trump created another great tax savings for his friends, he did away with the heir tax. Some of the ultra-rich are able to take advantage of loopholes so they pay almost nothing in inheritance taxes. Others take advantage of the fact that the exemption levels for the estate tax are very high, $5.3 million per individual.

    Without a doubt the system is geared to give the wealthy more benefits in tax loopholes than even a secretary is able to take advantage of.

    So, Hogwash with your Hogwash!







    Quote Originally Posted by EMNofSeattle View Post
    There are virtually no Child molestations in the Catholic Church.
    Quote Originally Posted by EMNofSeattle View Post
    Mock someone with a handicap? Sure. Why are handicapped people different then anyone else?

  8. #88
    Professor

    Join Date
    Jul 2018
    Last Seen
    Today @ 01:54 PM
    Gender
    Posts
    1,726

    Re: Should the incomes of the wealthy be cut down to size?

    Quote Originally Posted by zimmer View Post
    Are you familiar with stagflation?

    Do you know why Carter is the 2nd worst President in American history... one notch above Obama?

    Do you know who The King of the Misery Index is... and who inherited it and lifted us out of its deepest depths to an American Renaissance?

    Should the incomes of the wealthy be cut down to size?-fa427d47-e897-4f56-b673-2df2ac8d727e-jpg
    Really? Study the gold standard.and the.arab oil embargo

    Carter’s immediate challenge was the combination of both inflation and unemployment. President Nixon had created inflation by ending the gold standard in 1973. As a result, the dollar's value plummeted on the foreign exchange markets. Import prices rose and created inflation. Nixon tried to stop it with wage-price controls in 1971. That cramped business growth and increased unemployment.

  9. #89
    Guru
    Robertinfremont's Avatar
    Join Date
    Sep 2018
    Location
    Meridian, Idaho
    Last Seen
    Today @ 03:14 AM
    Gender
    Lean
    Conservative
    Posts
    3,864

    Re: Should the incomes of the wealthy be cut down to size?

    Quote Originally Posted by mrjurrs View Post
    Claiming Reagan was our economic savior disqualifies you from discussing anyone's ability to understand economics.
    I am very qualified. When he took charge of the then terrible Carter economy of that era, it is true the Reagan economy vastly improved.

    PS. I grant one excellent move by Carter. He had deregulated prior to the Reagan years.

  10. #90
    Sage
    Ikari's Avatar
    Join Date
    Dec 2006
    Location
    Englewood, Colorado
    Last Seen
    Today @ 12:54 PM
    Gender
    Lean
    Libertarian - Left
    Posts
    62,955

    Re: Should the incomes of the wealthy be cut down to size?

    Quote Originally Posted by Robertinfremont View Post
    If you think they should be cut down, I have some questions.
    1. Cut down for what purpose? _To give to me__________________
    2. Cut down, how can they hire workers?_Man, they have all that extra money they would have normally put in their own bank account, hire some more folk, raise wages, give it to me._________________
    3. Does the rising tide, lift all voters (er boats?)_Not when the top 1% keep putting holes in the bottom of other people's boats_________________
    4. What happens to the new rich, such as Jeff Bezos? You do realize he started out poor and advanced his income by making your life easier? So since he is so good at cutting your expenses, do you gain by cutting back, laying off his workers? They'll be alright, they'll still be rich. The only super rich person in the Republic should be me.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

Page 9 of 12 FirstFirst ... 7891011 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •