How the hell do Republicans keep doing MORE major scandals exploiting the crisis?

[danielpalos]

it is amazing that the top 1% pay 40% of the income tax then

it is more amazing that our form of alleged capitalism creates such inequality on a for-profit basis.

 

[danielpalos]

it is amazing that the top 1% pay 40% of the income tax then

Raise the minimum wage until the Poor pay their fair capital tax share!

 

[danielpalos]

I accept you have no argument. If I can hire someone to do a job for 12 dollars an hour, why should I pay more?

for any tax breaks for that type of policy?

 

[less right]

you'd be wrong. You don't have to be all that rich to be in the top one percent.

You'd need more than $10M to be in the top 1% of wealth holders. Not that rich? I guess it's a matter of perspective.

 

[Mach]

I accept you have no argument. If I can hire someone to do a job for 12 dollars an hour, why should I pay more?

But you already said you hire that person in a "community" TD. A community backed by public services, public defense, public healthcare, public old age care, public roads, public education, laws and regulations that help make societies function (in every society throughout history).
And is that person vulnerable and are you taking advantage of them?

It's as though you don't actually live in the real world.

 

[Craig234]

No doubt and becoming more so every year.

Same is true of a millionaire.
The difference between a million and a billion in seconds:

1 million seconds = 11 days, 13 hours 46 minutes and 40 seconds.
1 billion seconds = 31 years, 251 days, 13 hours, 34 minutes, 54.7843 seconds.

Who the hell cares? Yes, they're different. They should both pay a fair share of taxes, not have a scheme like this to avoid them.

 

[Craig234]

You'd need more than $10M to be in the top 1% of wealth holders. Not that rich? I guess it's a matter of perspective.

Not so much. The top 1% cutoff is $515,000 of income - totaly, this bill only affects that income PLUS the same in real estate depreciation. I don't have a figure for net worth, but the average is $20M, and that includes people like Gates, Warren and the Waltons, so the cutoff is somewhat lower.

 

[Craig234]

no, tax ovoision. Troubles reading?

This isn't about 'legally paying minimum taxes', or 'illegally avoiding taxes', it's about changing the laws to wrongly reduce taxes.

 

[less right]

Not so much. The top 1% cutoff is $515,000 of income - totaly, this bill only affects that income PLUS the same in real estate depreciation. I don't have a figure for net worth, but the average is $20M, and that includes people like Gates, Warren and the Waltons, so the cutoff is somewhat lower.

I gave you the net worth number.

 

[Craig234]

That little section of the bill providing retroactive goodies for the uber-wealthy may go a long way toward explaining Majority Leader Addison McConnell's almost tearful plea to rush the bill through the legislative process. The saying which goes 'You won't know what's in it until after you pass it,' comes to mind.

You're right, but the phrase is very different between McConnell and Pelosi. Pelosi was saying that Republicans were lying about what was in the bill and people would find out the truth when it was enacted; McConnell would be saying it referring to sneaking through the types of poisonous provisions he lied that Pelosi was doing.

 

[Craig234]

I gave you the net worth number.

Then if you're saying the number is $10M, ok, but it's irrelevant; the law is about income, not net worth.

 

[less right]

Then if you're saying the number is $10M, ok, but it's irrelevant; the law is about income, not net worth.

What are you talking about? I was talking what wealthy is, relatively speaking.

 

[TurtleDude]

But you already said you hire that person in a "community" TD. A community backed by public services, public defense, public healthcare, public old age care, public roads, public education, laws and regulations that help make societies function (in every society throughout history).
And is that person vulnerable and are you taking advantage of them?

It's as though you don't actually live in the real world.

other than the market-the other schemes to set wages are based on political pandering, utopian pillow headed nonsense, and authoritarian nonsense

 

[TurtleDude]

You'd need more than $10M to be in the top 1% of wealth holders. Not that rich? I guess it's a matter of perspective.

Top one percent of income earners-far far less than that. now if you are making 400K off of investments a year-you are way over 10M in net worth

 

[Mach]

other than the market-the other schemes to set wages are based on political pandering, utopian pillow headed nonsense, and authoritarian nonsense

In reality, markets don't exist in the modern understanding, without many of those other schemes. That's why they don't exist in any reasonable, significant size in the modern era, in any nation, without them.
Regulations, social welfare, healthcare, education, roads, national security, and so on.

Markets are just one competent. It always was, and always will be.

How can you not know this.

People who believe like you post, are the real parasites in the economy. The parasites the milk the community, for selfish gain. But keep calling labor that does 99.999% of the actual production in our GDP parasites...so absurd.

 

[Craig234]

What are you talking about? I was talking what wealthy is, relatively speaking.

I'm talking about this corrupt bill for the wealthy, and it's based on income.

 

[less right]

Top one percent of income earners-far far less than that. now if you are making 400K off of investments a year-you are way over 10M in net worth

So what is that number that's far less than $10M?

Some people, even those in the top 1% of wage earners, work for their $400K a year. They may not have $10M accumulated.

 

[Craig234]

People who believe like you post, are the real parasites in the economy. The parasites the milk the community, for selfish gain. But keep calling labor that does 99.999% of the actual production in our GDP parasites...so absurd.

When Wall Street takes 40% of all profits the country makes, it looks at the citizens and sneers at them as parasites for taxing them. And they think they're justified.

 

[less right]

I'm talking about this corrupt bill for the wealthy, and it's based on income.

Well you jumped into a different conversation without making clear you were changing the topic.

 

[Craig234]

Well you jumped into a different conversation without making clear you were changing the topic.

Jumped into a different conversation? It's my fricken thread and the topic hasn't changed from the OP - this corrupt bill. Takes some gall to tell the poster they're off topic discussing their topic from the OP.

 

[CaughtInThe]

you'd be wrong. You don't have to be all that rich to be in the top one percent.

$421,926


i read republican posts here and wonder if some of those republicans have a job. my guess is the bulk here make from $30k - $120K

 

[less right]

Jumped into a different conversation? It's my fricken thread and the topic hasn't changed from the OP - this corrupt bill. Takes some gall to tell the poster they're off topic discussing their topic from the OP.

"You've got a lot of gall" is not a phrase I haven't heard before. :wink:

You may notice a lot of posts aren't specifically about what you want to talk about.

 

[JustHanging]

At least for once, a bill was passed without a tax cut for the rich, right? Wrong.

While they attacked Democrats for funding Republican bogeymen they don't like, in particular the Kennedy Center for arts with $25 million, a pittance, they were putting in yet another massive tax cut for the rich.



In 2017, Congress actually pass a restriction on a practice trump and Kushner used, to use property depreciation to offset unlimited income and pay no taxes; the change limited such deductions to offsetting 'only' $500,000 of income.

The Republicans repealed that, making it unlimited again, in the must-pass stimulus bill. AND, they even made it retroactive, removing the limit for 2019, and 2018, as well! As the article says, it is stunning in its scope - and I'd add, in its immoral advance of plutocracy and corruption. Yet another huge reason to remove Republicans.

The stimulus bill includes a tax break for the 1% (opinion) - CNN

It's clear that Trump and Republican leadership believe that so long as they are publicly committed to using all legal means at their disposal to keep White people on top, nothing else matters to the overwhelming majority of their base..

Trump and G.O.P. Candidates Escalate Race and Fear as Election Ploys


It's their go-to argument for a reason.

 

[JustHanging]

$421,926


i read republican posts here and wonder if some of those republicans have a job. my guess is the bulk here make from $30k - $120K

Some people, particularly the poorly educated, can be easily convinced to cut off their nose to spite their face. Just ask someone who grew up in the South:

President Lyndon B. Johnson once said, "If you can convince the lowest white man he's better than the best colored man, he won't notice you're picking his pocket. Hell, give him somebody to look down on, and he'll empty his pockets for you."

It sure worked for Reagan.

 

[Somerville]

$421,926


i read republican posts here and wonder if some of those republicans have a job. my guess is the bulk here make from $30k - $120K

Top 1% receives as basic income, $718,766, according to the Economic Policy Institute. This does not include investment income. Top 1.0 percent reaches highest wages ever—up 157 percent since 1979

The difference in the growth rate of income for the various economic classes during the past 40 years is perhaps the strongest indicator that the United States has become an oligarchy.

​

State of Working America Wages 2019
A story of slow, uneven, and unequal wage growth over the last 40 years

Rising wage inequality and slow and uneven hourly wage growth for the vast majority of workers have been defining features of the U.S. labor market for the last four decades, despite steady (if too slow) productivity growth. In only 10 of the last 40 years did most workers see any consistent positive wage growth: in the tight labor market of the late 1990s and in the last five years (2014–2019), when the unemployment rate hit its lowest point in 50 years. Despite these gains, wage inequality continues to climb and workers at the middle and bottom of the wage scale are just making up lost ground and continue to struggle to make ends meet rather than get ahead. The median hourly wage—the wage at which half the workforce is paid more and half the workforce is paid less—stands at $19.33 per hour. For a full-time, full-year worker, this would translate into about $40,000 per year.