New study tells us what we already knew

[Toddsterpatriot]

Wrong.
The private capitalist only invest in what they want to make the most money for them, not what is best for society.
That is why the rest of the world has high speed rail and we don't.
That is why the rest of the world has public health care and we don't.
That is why the rest of the world does not start wars, and we do.

The leftwing inspired class warfare is wonderful because it leads to much more efficient socialism that we desperately need as we are running out of resources like fossil fuel.

That is why the rest of the world has high speed rail and we don't.

Why would money losing, lightly used high-speed rail be best for society?

 

[Andylusion]

Capitalists pay nothing on Capital Gains beyond the CG tax.

You are confusing the self employed with the capitalist.

Thus showing you don't really understand the topic.

First, they paid tax on the money they earned to buy the capital. In order to buy a McDonald's Franchise, you have to pay $2.2 Million. Capitalists do not just wake up on Thursday with a portfolio.

Second, the way that Capitalist live off their investments, is by collecting income from their investments. This is like dividends from stocks for example. Well that is considered income, and is taxed at normal income tax rates.

Third, I'd be hard pressed to think of a Capitalist that doesn't work, and pay taxes on their earnings.

 

[Andylusion]

No Federal income tax because they are so poorly paid. State tax, sales tax, gas tax. etc...

Well that's fine, but then you'll need to cut medicaid and social security, and all other welfare programs.

 

[Andylusion]

Neither does it have anything to do with how so many folks are so poor they don't pay federal taxes. That in fact reinforces my point that trickle down doesn't work.

If it didn't work they would have no food, no housing, no clothing, and no jobs at all.

Trickle down is how all economies work. All of them. Every single one. If you have a computer, tickle down works. A rich guy made something that you benefit from. If you have a bed, trickle down works. If you have food, trickle down works. Everything that exists, is proof trickle down is how the world works.

Name something you think would exist, if a rich guy didn't make it?

 

[Moonglow]

Stop coveting other people's money.

According to the Bible it all belongs to God

 

[Andylusion]

This claim remains to be seen, I do have my leanings, but the trial and evidence needs to be shown.

What I am speaking about involves previous crookedness....

Trump University Scam, libel for $25 million

Trump Charity Foundation Scam, Trump fined and banned from any charity

Trump business fraud and tax evasion conviction...Alan Weisselberg convicted felon. Trump Org. restrained.

Trump Casino Bankruptcies

Trump mob involvement

Trump shorting and not paying contractors...

The list really does go on and on..and on....even without all the recents...

It's in his character, to cheat, lie, or steal.... that's not me making it up...

I don't have a problem with casino bankruptcies. Many people in Silicon valley started from failures and tried again and became successful. I don't know why people think that's even important.

Shorting contractors is the same thing. If the business goes bankrupt, and there's no money, then you can't pay your contractors. That's normal. That happens every day when a business goes bankrupt. That happened at a job I worked at years ago. The company sales completely tanked, and we couldn't pay our contractors.

Trump agreed to the settlement with the charities, in court. He did exactly as he was ordered to do, and that is done and over with.

I've looked into the mob connections, and honestly... just looking at the evidence they presented, it really does not make a good case for anything. So they claim he made use of business connections. Yeah, like every single business anywhere does.

Then they claimed he used a construction company connected to the mob. But if you read the FBIs investigation, they claimed that EVERY construction company in the NYC area was connected to the mob.

So basically the only way Trump could avoid having connections to the mob, is by never building anything, and never call any business contacts. That seems a fair....

And then they claim he benefited from these contacts, and the only thing I could find as evidence of this, was that he purchased clearly over priced concrete. So the big benefit from the mob contacts was clearly over priced concrete.

Now maybe there are more examples of his nefarious connections to the mob I haven't seen yet, but I don't find this argument compelling.

Honestly the worst of the accusations you listed, was the Trump University. The big problem there was it was misrepresented.

The one counter to this, is that a bunch of students, clearly the majority of students, gave Trump University high rating, and indicated they were satisfied with the information given.

So, having worked in business for 20 years now, I know that no matter how good a product or service is, or how hard you work at it, you can have a 1,000 customer say you were great, and then 5 that will scream and yell, and demand the impossible. And you have met these people too. We all have met a Karen at some point.

So it's really not conclusive that a thousand people said it was great, and 5 said it was a fraud, and that's the basis for a judgement. The prosecutor in this case made a lot of claims about Trump engaging in racketeering, and being a con artist. But he didn't actually make that claim in court. He didn't provide clear evidence that Trump was directly engaged in fraud.

And that's where the troubling accusations, fail to make a clear case. Obviously Mike Sexton that came up with the entire business, it's very clear that he over sold the program. But beyond that, I don't see much clear evidence.

So at this point we've reached the limit of the evidence. And we're just going based on opinion. Maybe you find the evidence here convincing, and that's fine. I disagree. I find very little here that makes Trump out to be this terrible evil mastermind. Has he made mistakes? Yeah, and so have I. I've gone bankrupt myself, and had to dig myself out.

 

[Andylusion]

According to the Bible it all belongs to God

Well it does. Which doesn't change the fact you shouldn't covet other people's stuff.

 

[Dadoalex]

First, they paid tax on the money they earned to buy the capital. In order to buy a McDonald's Franchise, you have to pay $2.2 Million. Capitalists do not just wake up on Thursday with a portfolio.

Second, the way that Capitalist live off their investments, is by collecting income from their investments. This is like dividends from stocks for example. Well that is considered income, and is taxed at normal income tax rates.

Third, I'd be hard pressed to think of a Capitalist that doesn't work, and pay taxes on their earnings.

really?
How did Paris hilton earn her fortune?
How about Betsy DeVos?
Anyone named Walton?

Your claim is that they pay the same taxes as the guy working at Mcdonalds.
You obviously do not understand the topic.

 

[Andylusion]

H

How did the business owners get their money to open a business?

I'm curious what you are driving at by asking this question.

But the answer is many different places.

Phil Robertson was working at a bar, living in poverty in Louisiana. He started whittling duck callers at home, making each one individually until he could sell them at a store. When he sold his first batches, he had the family help him make more. Once sold a bunch more, he then hired people to help make more.

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Brain Scudamore, I believe he was working fast food where he earned that $700, that he used to purchase the used pickup truck. That truck and a hand made sign, was the start of the Rubbish Boys business, that then became 1-800-GOT-JUNK.

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Michael Dell of Dell computer, he started off in high school selling newspaper subscriptions. He figured out as a high school student that the most likely people to buy subscriptions were newlyweds that bought a home. So he did research and dramatically increased his income by targeting newlyweds in homes, rather than random cold calling.

Using the money from that, he started a business in college selling upgrade kits from his dorm room. He then made that into a legit business with a license, and bid on contracts with the government, which he won.

After all this he used all that money he earned, plus $1,000 from his parents, to start Dell Computer Corporation. And I don't think I need to post the link to that.

And lastly, Steve Jobs and Steve Wozniak both worked Atari and HP respectively. And they had investors. The first investor for the Apple 1, was a guy named Ronald Wayne, who was very wealthy at the time. He got cold feet, and asked to have himself bought out. Wozniak sold his car and his expensive scientific calculator, to fund the first run of Apple 1 computers.

Then the second investor was wealthy former Intel executive Mike Markkula, who funded the production and incorporation of Apple 2 computers, with $98,000 of his own personal money, and then a line of credit for $250k with Bank of America.

So, business owners get their money lots of different ways.

I would again ask, what is the point you are trying to get at here?

 

[Andylusion]

View attachment 936576
really?
How did Paris hilton earn her fortune?
How about Betsy DeVos?
Anyone named Walton?
View attachment 936577

Your claim is that they pay the same taxes as the guy working at Mcdonalds.
You obviously do not understand the topic.

Yes, they did. Hilton paid taxes on all of that. Yes they did. So did Sam Walton. Yes He did.
All of them did.

AND... they are paying taxes on their income from those investments today. Yes they are. Income from dividend paying stocks, such as Walmart, is taxed at income tax rates, including FICA. Yes it is.

 

[Dadoalex]

Yes, they did. Hilton paid taxes on all of that. Yes they did. So did Sam Walton. Yes He did.
All of them did.

AND... they are paying taxes on their income from those investments today. Yes they are. Income from dividend paying stocks, such as Walmart, is taxed at income tax rates, including FICA. Yes it is.

Sam Walton paid FICA taxes on income from Wal Mart?

you really don't have the foggiest notion of what your speaking do you?

 

[Andylusion]

Sam Walton paid FICA taxes on income from Wal Mart?

you really don't have the foggiest notion of what your speaking do you?

Yes I do. Yes he did. I know exactly what I'm speaking of.

 

[Dadoalex]

Yes I do. Yes he did. I know exactly what I'm speaking of.

No, he didn't.
BECAUSE
Walton was never EMPLOYED at Wal Mart.

You are speaking from utter ignorance.

 

[Andylusion]

No, he didn't.
BECAUSE
Walton was never EMPLOYED at Wal Mart.

You are speaking from utter ignorance.

He ran the whole store. He worked and managed the entire store. And yes he paid taxes on the money he earned from that store.

 

[Dadoalex]

He ran the whole store. He worked and managed the entire store. And yes he paid taxes on the money he earned from that store.

BWAHAHAHAHAHAHAHA

My goodness you are one ignorant little twit.

"In 1945, businessman and former J. C. Penney employee Sam Walton bought a branch of the Ben Franklin stores from the Butler Brothers.[28]..."
"On July 2, 1962, Walton opened the first Wal-Mart Discount City store at 719 W. Walnut Street in Rogers, Arkansas. "

Wal Mart was an INVESTMENT, not a JOB.

BWAHAHAHAHAHAHAHAHAHA

You are so damned ignorant it is laughable.

 

[Toddsterpatriot]

BWAHAHAHAHAHAHAHA

My goodness you are one ignorant little twit.

"In 1945, businessman and former J. C. Penney employee Sam Walton bought a branch of the Ben Franklin stores from the Butler Brothers.[28]..."
"On July 2, 1962, Walton opened the first Wal-Mart Discount City store at 719 W. Walnut Street in Rogers, Arkansas. "

Wal Mart was an INVESTMENT, not a JOB.

BWAHAHAHAHAHAHAHAHAHA

You are so damned ignorant it is laughable.

He didn't take a salary?

 

[Andylusion]

BWAHAHAHAHAHAHAHA

My goodness you are one ignorant little twit.

"In 1945, businessman and former J. C. Penney employee Sam Walton bought a branch of the Ben Franklin stores from the Butler Brothers.[28]..."
"On July 2, 1962, Walton opened the first Wal-Mart Discount City store at 719 W. Walnut Street in Rogers, Arkansas. "

Wal Mart was an INVESTMENT, not a JOB.

BWAHAHAHAHAHAHAHAHAHA

You are so damned ignorant it is laughable.

Nothing you posted, changes anything I said.

Sam Walton ran the store, and made an income off that store. For which, he paid income taxes, including Social Security.

How do you think business owners earn a living when they buy a business? They are an employee of the company, and earn a pay check as CEO, which they pay taxes on.

Your comments are getting goofy, sir.

 

[The Sage of Main Street]

50 years of tax cuts for the rich failed to trickle down, economics study says​

Turns out that only 1 group benefits from tax cuts for the rich.

If you guessed "the rich", you are correct.

Not just in the US, the study includes 18 different countries.

And in every one all it did was make the rich richer, expanding the inequality.


"Per capita gross domestic product and unemployment rates were nearly identical after five years in countries that slashed taxes on the rich and in those that didn't, the study found.

But the analysis discovered one major change: The incomes of the rich grew much faster in countries where tax rates were lowered. Instead of trickling down to the middle class, tax cuts for the rich may not accomplish much more than help the rich keep more of their riches and exacerbate income inequality, the research indicates."


And the republicans wanna do it again, of course.

View attachment 935832

What Frauds Refuse to Mention Reveals What They Really Stand For

By focusing on those who earned their wealth, your Preppy Progressive party is intentionally ignoring the nation-destroying privilege of inheritance. There's no reason to tax the living on their own at all; tax those living off Daddy's Money.

 

[The Sage of Main Street]

Stop coveting other people's money.

Like the Spoiled Brats Covet Their Daddy's Money

 

[The Sage of Main Street]

The rich should be thankful for their bounty to return a small fraction for the benefit of all.

Return All of Daddy's Riches