The truth about taxing the wealthy...

[JimH52]

Here is the truth about Reaganomics and taxing the wealthy. The GOP is feeding a huge lie to the American people.

Letter: If you want to predict economics, look back on effects of Reaganomics

 

[shintao]

I agree with the facts of the article. However, pitting rich against poor, single against married, etc. is what taxing "incomes" is all about. There is nothing fair about it. Taxation could be based on anything besides income. And however government derives the money, it should be paid "EQUALLY" by all of us. Not equal percentage, but equal dollars & cents.

That means the tax system would have to based on what the poorest among us could pay annually. And whatever that amount is, ($100., $200., etc.), that is what we should all pay. Whatever that amount sums up to, is what government would have to run the country. It is the only fair way to pay taxes.

 

[percysunshine]

I agree with the facts of the article. However, pitting rich against poor, single against married, etc. is what taxing "incomes" is all about. There is nothing fair about it. Taxation could be based on anything besides income. And however government derives the money, it should be paid "EQUALLY" by all of us. Not equal percentage, but equal dollars & cents.

That means the tax system would have to based on what the poorest among us could pay annually. And whatever that amount is, ($100., $200., etc.), that is what we should all pay. Whatever that amount sums up to, is what government would have to run the country. It is the only fair way to pay taxes.

Did you get a brain transplant shintao? Who's brain is it?

 

[Liability]

The lie is entirely from the left.

You can tax new income. And when you do that, you can have adverse impacts on the economy.

But you really cannot tax pre-existing "wealth" since once you attempt it, the person you are taxing quickly becomes something other than "wealthy."

The ignorance of the OP is stunning.

 

[rdean]

The lie is entirely from the left.

You can tax new income. And when you do that, you can have adverse impacts on the economy.

But you really cannot tax pre-existing "wealth" since once you attempt it, the person you are taxing quickly becomes something other than "wealthy."

The ignorance of the OP is stunning.

When did taxing the super rich during a time of crisis lead to adverse effects.

It's something the right imagines but nothing they could ever prove.

Ike Eisenhower had it right. The last Republican President to leave office with a balanced budget and a surplus.

 

[Quantum Windbag]

Here is the truth about Reaganomics and taxing the wealthy. The GOP is feeding a huge lie to the American people.

Letter: If you want to predict economics, look back on effects of Reaganomics

What did any of that have to do with taxing the wealthy?

 

[Quantum Windbag]

The lie is entirely from the left.

You can tax new income. And when you do that, you can have adverse impacts on the economy.

But you really cannot tax pre-existing "wealth" since once you attempt it, the person you are taxing quickly becomes something other than "wealthy."

The ignorance of the OP is stunning.

When did taxing the super rich during a time of crisis lead to adverse effects.

It's something the right imagines but nothing they could ever prove.

Ike Eisenhower had it right. The last Republican President to leave office with a balanced budget and a surplus.

When didn't it? It should be pretty easy to provide examples, I can certainly provide examples of my position.

 

[JimH52]

Here is the truth about Reaganomics and taxing the wealthy. The GOP is feeding a huge lie to the American people.

Letter: If you want to predict economics, look back on effects of Reaganomics

What did any of that have to do with taxing the wealthy?

Clinton raised taxes on the wealthy and BLAM, the budget balanced.

 

[Remodeling Maidiac]

I agree with the facts of the article. However, pitting rich against poor, single against married, etc. is what taxing "incomes" is all about. There is nothing fair about it. Taxation could be based on anything besides income. And however government derives the money, it should be paid "EQUALLY" by all of us. Not equal percentage, but equal dollars & cents.

That means the tax system would have to based on what the poorest among us could pay annually. And whatever that amount is, ($100., $200., etc.), that is what we should all pay. Whatever that amount sums up to, is what government would have to run the country. It is the only fair way to pay taxes.

Lolololol

Amateur hour at the improv is always entertaining

 

[Remodeling Maidiac]

Here is the truth about Reaganomics and taxing the wealthy. The GOP is feeding a huge lie to the American people.

Letter: If you want to predict economics, look back on effects of Reaganomics

What did any of that have to do with taxing the wealthy?

Clinton raised taxes on the wealthy and BLAM, the budget balanced.

Clinton didn't balance a damn thing. The congress did and he signed it. Big dam deal.

 

[shintao]

I agree with the facts of the article. However, pitting rich against poor, single against married, etc. is what taxing "incomes" is all about. There is nothing fair about it. Taxation could be based on anything besides income. And however government derives the money, it should be paid "EQUALLY" by all of us. Not equal percentage, but equal dollars & cents.

That means the tax system would have to based on what the poorest among us could pay annually. And whatever that amount is, ($100., $200., etc.), that is what we should all pay. Whatever that amount sums up to, is what government would have to run the country. It is the only fair way to pay taxes.

Did you get a brain transplant shintao? Who's brain is it?

I just get tired of calling you an asshole, just because I pay more money to government than you do. We should be friends and Americans together, and yet I have to feel this animosity towards you. Animosity created by government, not by us.

 

[martybegan]

Here is the truth about Reaganomics and taxing the wealthy. The GOP is feeding a huge lie to the American people.

Letter: If you want to predict economics, look back on effects of Reaganomics

What did any of that have to do with taxing the wealthy?

Clinton raised taxes on the wealthy and BLAM, the budget balanced.

He also slashed defense spending after the cold war. people tend to leave that one out.

 

[Shogun]

I'm all for taxing the wealthy. Your trickle down bullshit is just that: bullshit. Bring on the IRS!

 

[CrusaderFrank]

The only thing the article got right was Reagan's name

 

[Quantum Windbag]

Here is the truth about Reaganomics and taxing the wealthy. The GOP is feeding a huge lie to the American people.

Letter: If you want to predict economics, look back on effects of Reaganomics

What did any of that have to do with taxing the wealthy?

Clinton raised taxes on the wealthy and BLAM, the budget balanced.

The budget did not balance because Clinton raised taxes. The deficit went down because he reduced spending.

 

[shintao]

The lie is entirely from the left.

You can tax new income. And when you do that, you can have adverse impacts on the economy.

But you really cannot tax pre-existing "wealth" since once you attempt it, the person you are taxing quickly becomes something other than "wealthy."

The ignorance of the OP is stunning.

When did taxing the super rich during a time of crisis lead to adverse effects.

It's something the right imagines but nothing they could ever prove.

Ike Eisenhower had it right. The last Republican President to leave office with a balanced budget and a surplus.

Taxing the rich is ok, as is taxing the homeless without adverse effects.

 

[shintao]

I agree with the facts of the article. However, pitting rich against poor, single against married, etc. is what taxing "incomes" is all about. There is nothing fair about it. Taxation could be based on anything besides income. And however government derives the money, it should be paid "EQUALLY" by all of us. Not equal percentage, but equal dollars & cents.

That means the tax system would have to based on what the poorest among us could pay annually. And whatever that amount is, ($100., $200., etc.), that is what we should all pay. Whatever that amount sums up to, is what government would have to run the country. It is the only fair way to pay taxes.

Lolololol

Amateur hour at the improv is always entertaining

Just being a fool must provide a comic life for yourself. Not really a bad state of mind to be trapped in.

 

[shintao]

What did any of that have to do with taxing the wealthy?

Clinton raised taxes on the wealthy and BLAM, the budget balanced.

He also slashed defense spending after the cold war. people tend to leave that one out.

And made government smaller, made welfare critters responsible working Americans,...

 

[Soggy in NOLA]

You're all idiots. If you confiscated 100% of the wealthy's money you have about $900 billion. That will knock out the $14,000,000,000,000 debt all right.

 

[Londoner]

Reaganomics convinced the nation to:

1. remove middle class programs

2. lower wages

3. and reduce all benefits that once accrued to labor

(thereby removing the burden on capital so it could deliver the goods)

CONSEQUENTLY...

The middle class consumer no longer had sufficient economic security to consume

So what did Reagan do when the middle class could no longer afford to spend? He presided over the transition to debt-based consumption - the credit industrial complex was born.

Under his tenure Americans started to receive 3 credit card offers a week. A vast credit infrastructure was created to make up for the fact that the middle class consumer no longer made enough money to buy things.

On the top of the economic ladder, the results were equally disastrous: the tax cuts created too much capital surplus in relation to viable investment opportunities. Creating great returns for so much new money would lead to one disaster after another, as Wall Street embarked on a 30 year adventure in speculative garbage -- moving from one asset bubble after another. . .

Indeed...

While the middle class consumers died on debt, the wealthy got rich off phantoms that eventually exploded and destroyed the economy for the long term.

Consumption and Investment got replaced by Master Cards and Derivatives.

(America got punk'd by a B rate actor who was sent to Washington to make a small group of people wealthy)

None of this would have happened if the wealth created by the Reagan tax cuts did what was promised: trickle down to middle class consumers and productive investments.

America swallowed poison in 1980.