You go Girl! Alexandria Ocasio-Cortez Plans Bill to Boost Top Individual Tax Rate to 59%

[Ray From Cleveland]

Bloomberg ^ | November 15, 2019

No excerpt from Bloomberg allowed, story here. She wants a 59% top income tax rate and to tax unrealized capital gains yearly, including real estate and business holdings.

REMEMBER VOTE DEMONRAT SO YOU CAN GO BROKE AND HAVE TO GIVE YOUR HOUSE TO AN ILLEGAL INVADER, OR MUSLIM TERRORIST!

That bitch knows what she is doing
Long overdue

Also tax Capital Gains at the same rate as personal income

She knows what she's doing? You mean the same woman that didn't know what a garbage disposal was???

I'm a truck driver, and I know more than she does. I learned many years ago that the reason capital gains taxes are low is to encourage investments: investments in business, investments in the stock market, investments in real estate, investments period.

So how would one discourage investments? Do precisely what you and dingbat support. There goes our stock market with all our IRA money. There goes business expansion and hiring. There goes home purchases and other real estate investments. And of course, there goes our thriving economy.

 

[Andylusion]

I don't what? What do you mean?

You will never have enough assets to make a difference.

And you will NEVER HAVE ENOUGH BRAIN CELLS TO KEEP UP WITH ME ON ONE OF MY BAD DAY!....

You will never have enough assets to make a difference.

Repeat much, Or just need practice spelling?

I'm perplexed as to why you're so adamantly opposed to raising taxes on wealthy people.

Well morally I'm against just stealing money from people.

Functionally, we already know that raising taxes does not work. The higher you raise taxes, the more they will simply offshore, or tax shelter the money. The result will be that the more they shelter the money, the more the middle and lower class will be forced to pay the cost.... because instead of taxing a million at 39%, you'll end up taxing zero at 59%.

Again, the story of why Ronald Reagan became a Republican, is specifically because under the 70% rate, he simply stopped working when he hit the top marginal rate. He'd spend the rest of the year on his ranch, and pay zero on his additional income, because he stopped making income.

Lastly, all this is going to do is, the same thing it did in the 50s.... the wealthy will lobby government for special exemptions from the 59%. Why do you think the tax code is billions pages long? The higher you make the tax, the more value there is in lobbying politicians. Politicians love this.

They convince fools like you to support higher taxes, and then the politicians make millions of dollars handing out tax exemptions in exchange for donations.

You are pawn of the rich. Because you know who can't afford to get the tax exemptions? Everyone who isn't rich. So the poor get poorer, and the rich get richer, and meanwhile the elite in government laugh all the way to the bank, while you sit there saying you support it. They have you fools wrapped around their pinky, and they just flick you people all over the place like a toy.

You people are the Fidget Spinners of politics... just spinning around the pinky of the wealthy elite in government. They know you'll never be smart enough to stop being a tool.

 

[CWayne]

The rich fucks scream "theft", so don´t just take 59 %, take it all, leave a food stamp.

You don't get it.

The rich will simply move their money elsewhere. Again, France tried this, and there was a mass exodus from the country. You are just going to have them move their wealthy out of the country. Just like Venezuela, or Cuba, or any other country that has tried it.

And it is theft. It just is. Taking something that other people rightfully earned, when it is not yours.... is theft. Just like if I climbed into your car and drove off... it is theft.

Even if you deny that, it doesn't change the fact that your system doesn't work.

The problem with your theorie is that if the rich move their money abroad when taxed, we don´t need them anyway. Got it? You have a government, it needs money.
All get taxed, but it is only theft when it is the rich...

The problem with your notion is that the rich move the foundation of their wealth, thereby removing any FUTURE taxation.

Understand yet?

If you want their money, you will have to confiscate ALL of it in order to get any realization.

You up for that kind of robbery?

 

[francoHFW]

The rich fucks scream "theft", so don´t just take 59 %, take it all, leave a food stamp.

You don't get it.

The rich will simply move their money elsewhere. Again, France tried this, and there was a mass exodus from the country. You are just going to have them move their wealthy out of the country. Just like Venezuela, or Cuba, or any other country that has tried it.

And it is theft. It just is. Taking something that other people rightfully earned, when it is not yours.... is theft. Just like if I climbed into your car and drove off... it is theft.

Even if you deny that, it doesn't change the fact that your system doesn't work.

Where are the rich going to move their monies?

Wherever they get taxed less, maybe to other countries out of the reach of greedy liberals. Just like the yacht tax decimated the American yacht industry because the rich simply bought foreign built yachts, the wealthy will not sit still and let you or anyone take their wealth.

Liberals never seem to realize that human nature always makes tax schemes generate less than they're projected to, because people protect what they've earned.

Where are the rich going to move their monies?

Anywhere. Doesn't matter where. Anywhere would be better, than being under the tax system that AOC just proposed. Canada, UK, Australia, Germany, Finland even. Anywhere.

A wealth tax, will make anywhere in the entire world, preferable to here. If I have $200 Million to spend on a vacation home.... that home in the US is going to be taxed, and elsewhere it will not. I'm not talking property tax, that everyone pays... but a tax on the unrealized capital gain. No where else does that, although France tried it and repealed it because it was a huge failure.

So anywhere else, is going to be preferable to here, under AOC's system.

The Rich are not going anywhere and there will still be plenty of loopholes. But there will be enough -also taxing giant corporations, to give us less inequality and more upward Mobility again...

 

[francoHFW]

You don't get it.

The rich will simply move their money elsewhere. Again, France tried this, and there was a mass exodus from the country. You are just going to have them move their wealthy out of the country. Just like Venezuela, or Cuba, or any other country that has tried it.

And it is theft. It just is. Taking something that other people rightfully earned, when it is not yours.... is theft. Just like if I climbed into your car and drove off... it is theft.

Even if you deny that, it doesn't change the fact that your system doesn't work.

Where are the rich going to move their monies?

Wherever they get taxed less, maybe to other countries out of the reach of greedy liberals. Just like the yacht tax decimated the American yacht industry because the rich simply bought foreign built yachts, the wealthy will not sit still and let you or anyone take their wealth.

Liberals never seem to realize that human nature always makes tax schemes generate less than they're projected to, because people protect what they've earned.

Where are the rich going to move their monies?

Anywhere. Doesn't matter where. Anywhere would be better, than being under the tax system that AOC just proposed. Canada, UK, Australia, Germany, Finland even. Anywhere.

A wealth tax, will make anywhere in the entire world, preferable to here. If I have $200 Million to spend on a vacation home.... that home in the US is going to be taxed, and elsewhere it will not. I'm not talking property tax, that everyone pays... but a tax on the unrealized capital gain. No where else does that, although France tried it and repealed it because it was a huge failure.

So anywhere else, is going to be preferable to here, under AOC's system.

The Rich are not going anywhere and there will still be plenty of loopholes. But there will be enough -also taxing giant corporations, to give us less inequality and more upward Mobility again...

And we should have more regulation to go after people hiding money offshore....

 

[CWayne]

The rich fucks scream "theft", so don´t just take 59 %, take it all, leave a food stamp.

You don't get it.

The rich will simply move their money elsewhere. Again, France tried this, and there was a mass exodus from the country. You are just going to have them move their wealthy out of the country. Just like Venezuela, or Cuba, or any other country that has tried it.

And it is theft. It just is. Taking something that other people rightfully earned, when it is not yours.... is theft. Just like if I climbed into your car and drove off... it is theft.

Even if you deny that, it doesn't change the fact that your system doesn't work.

Where are the rich going to move their monies?

Wherever they get taxed less, maybe to other countries out of the reach of greedy liberals. Just like the yacht tax decimated the American yacht industry because the rich simply bought foreign built yachts, the wealthy will not sit still and let you or anyone take their wealth.

Liberals never seem to realize that human nature always makes tax schemes generate less than they're projected to, because people protect what they've earned.

Where are the rich going to move their monies?

Anywhere. Doesn't matter where. Anywhere would be better, than being under the tax system that AOC just proposed. Canada, UK, Australia, Germany, Finland even. Anywhere.

A wealth tax, will make anywhere in the entire world, preferable to here. If I have $200 Million to spend on a vacation home.... that home in the US is going to be taxed, and elsewhere it will not. I'm not talking property tax, that everyone pays... but a tax on the unrealized capital gain. No where else does that, although France tried it and repealed it because it was a huge failure.

So anywhere else, is going to be preferable to here, under AOC's system.

I'm thinking about Ireland. They have a wonderful attitude toward wealth and business.

 

[Ray From Cleveland]

Bloomberg ^ | November 15, 2019

No excerpt from Bloomberg allowed, story here. She wants a 59% top income tax rate and to tax unrealized capital gains yearly, including real estate and business holdings.

REMEMBER VOTE DEMONRAT SO YOU CAN GO BROKE AND HAVE TO GIVE YOUR HOUSE TO AN ILLEGAL INVADER, OR MUSLIM TERRORIST!

What are her plans for a constitutional amendment to make double taxation lawful? Does she think she has the votes in the House and Senate to pull that off?

We have a House that's wasting months of time on trying to get rid of a President they have no ability to remove. They are proposing idiotic bills that either unaffordable or will ruin the economy, that they know they could never pass.

When are these Democrats going to start using their time more productively? Or are we just paying them for these dog and pony shows?

 

[Wyatt earp]

You don't get it.

The rich will simply move their money elsewhere. Again, France tried this, and there was a mass exodus from the country. You are just going to have them move their wealthy out of the country. Just like Venezuela, or Cuba, or any other country that has tried it.

And it is theft. It just is. Taking something that other people rightfully earned, when it is not yours.... is theft. Just like if I climbed into your car and drove off... it is theft.

Even if you deny that, it doesn't change the fact that your system doesn't work.

Where are the rich going to move their monies?

Wherever they get taxed less, maybe to other countries out of the reach of greedy liberals. Just like the yacht tax decimated the American yacht industry because the rich simply bought foreign built yachts, the wealthy will not sit still and let you or anyone take their wealth.

Liberals never seem to realize that human nature always makes tax schemes generate less than they're projected to, because people protect what they've earned.

Where are the rich going to move their monies?

Anywhere. Doesn't matter where. Anywhere would be better, than being under the tax system that AOC just proposed. Canada, UK, Australia, Germany, Finland even. Anywhere.

A wealth tax, will make anywhere in the entire world, preferable to here. If I have $200 Million to spend on a vacation home.... that home in the US is going to be taxed, and elsewhere it will not. I'm not talking property tax, that everyone pays... but a tax on the unrealized capital gain. No where else does that, although France tried it and repealed it because it was a huge failure.

So anywhere else, is going to be preferable to here, under AOC's system.

The Rich are not going anywhere and there will still be plenty of loopholes. But there will be enough -also taxing giant corporations, to give us less inequality and more upward Mobility again...

How so, you fucking think giving more money to the government will make you rich?

 

[francoHFW]

Bloomberg ^ | November 15, 2019

No excerpt from Bloomberg allowed, story here. She wants a 59% top income tax rate and to tax unrealized capital gains yearly, including real estate and business holdings.

REMEMBER VOTE DEMONRAT SO YOU CAN GO BROKE AND HAVE TO GIVE YOUR HOUSE TO AN ILLEGAL INVADER, OR MUSLIM TERRORIST!

What are her plans for a constitutional amendment to make double taxation lawful? Does she think she has the votes in the House and Senate to pull that off?

We have a House that's wasting months of time on trying to get rid of a President they have no ability to remove. They are proposing idiotic bills that either unaffordable or will ruin the economy, that they know they could never pass.

When are these Democrats going to start using their time more productively? Or are we just paying them for these dog and pony shows?

Every other modern country can afford it, why not the richest country of all? Brainwashed functional morons....

 

[Wyatt earp]

Bloomberg ^ | November 15, 2019

No excerpt from Bloomberg allowed, story here. She wants a 59% top income tax rate and to tax unrealized capital gains yearly, including real estate and business holdings.

REMEMBER VOTE DEMONRAT SO YOU CAN GO BROKE AND HAVE TO GIVE YOUR HOUSE TO AN ILLEGAL INVADER, OR MUSLIM TERRORIST!

What are her plans for a constitutional amendment to make double taxation lawful? Does she think she has the votes in the House and Senate to pull that off?

We have a House that's wasting months of time on trying to get rid of a President they have no ability to remove. They are proposing idiotic bills that either unaffordable or will ruin the economy, that they know they could never pass.

When are these Democrats going to start using their time more productively? Or are we just paying them for these dog and pony shows?

Every other modern country can afford it, why not the richest country of all? Brainwashed functional morons....

They cant afford it, if they have to pay for their own defense.

 

[Thinker101]

Bloomberg ^ | November 15, 2019

No excerpt from Bloomberg allowed, story here. She wants a 59% top income tax rate and to tax unrealized capital gains yearly, including real estate and business holdings.

REMEMBER VOTE DEMONRAT SO YOU CAN GO BROKE AND HAVE TO GIVE YOUR HOUSE TO AN ILLEGAL INVADER, OR MUSLIM TERRORIST!

That bitch knows what she is doing
Long overdue

Also tax Capital Gains at the same rate as personal income[/QUOTE

You obviously have about $10 to your name.

 

[Ray From Cleveland]

Here's a question: how many people would go back to work on Monday (for those of you who actually work) if you only got less than 1/3 of what you earned? Well if you wouldn't go back to work for that, what makes you think investors and business owners would risk money for less than 1/3 of what they created? From the OP

Ocasio-Cortez of New York in January called for a significant increase in the top individual rate, suggesting that those making $10 million or more should pay a 70% tax rate. The 59% income-tax rate, combined with federal payroll levies and state and local taxes, means that top earners would be paying around 70%, Schakowsky said at an Urban-Brookings Tax Policy Center event in Washington.

 

[Bleipriester]

The rich fucks scream "theft", so don´t just take 59 %, take it all, leave a food stamp.

If the federal tax rate was 0%, the federal government would collect 0 dollars. If the federal tax rate was 100%, the government would still collect 0 dollars, because who would be stupid enough to create wealth?

Then don´t scream "theft" while the hard working people pay up.

 

[Ray From Cleveland]

The rich fucks scream "theft", so don´t just take 59 %, take it all, leave a food stamp.

If the federal tax rate was 0%, the federal government would collect 0 dollars. If the federal tax rate was 100%, the government would still collect 0 dollars, because who would be stupid enough to create wealth?

Then don´t scream "theft" while the hard working people pay up.

I won't, because nearly half of our population pays no income taxes the way it is now. Maybe if we need new tax money, it's time to turn to the people that never paid those taxes instead of the people that have been paying most of them.

 

[Bleipriester]

The rich fucks scream "theft", so don´t just take 59 %, take it all, leave a food stamp.

You don't get it.

The rich will simply move their money elsewhere. Again, France tried this, and there was a mass exodus from the country. You are just going to have them move their wealthy out of the country. Just like Venezuela, or Cuba, or any other country that has tried it.

And it is theft. It just is. Taking something that other people rightfully earned, when it is not yours.... is theft. Just like if I climbed into your car and drove off... it is theft.

Even if you deny that, it doesn't change the fact that your system doesn't work.

The problem with your theorie is that if the rich move their money abroad when taxed, we don´t need them anyway. Got it? You have a government, it needs money.
All get taxed, but it is only theft when it is the rich...

You know who else said that? The French, and the result was they had to jack up taxes even higher on the poor and middle class, which led to the yellow vest protests.


You know who else said that? Venezuela, and the result was nation wide power outages, food shortages, and now over 4 million refugees.
Refugees and migrants from Venezuela top 4 million: UNHCR and IOM

You know who else said that? Cuba, and they went from being a first world economy, to being a third world economy, where average people didn't even have access to Aspirin.

You know who else said that? North Korea, which is why we have satellite photos of mass graves, and smuggled photos of N.Korean soldiers eating grass.

You say that now.... now while under our system we enjoy the products services and life style that the rich being here, create.

But every country that has ever said "We don't need them" has ended up in ruins.

Yeah we do. And without them, you are going to end up being drastically higher taxes than you do right now, and / or see a national decline in the standard of living.

1. The French were given unknown banker Macron after they destroyed Fillon:
François Fillon to correct France´s sick policies of slavishly supporting terrorism and iron curtain

2. Venezuela was working until US intervention using the upper class opposition, creating sanctions, econmic boycott, blockade and terror. Plus, everyone crossing the border is counted as "refugee".

 

[francoHFW]

Where are the rich going to move their monies?

Wherever they get taxed less, maybe to other countries out of the reach of greedy liberals. Just like the yacht tax decimated the American yacht industry because the rich simply bought foreign built yachts, the wealthy will not sit still and let you or anyone take their wealth.

Liberals never seem to realize that human nature always makes tax schemes generate less than they're projected to, because people protect what they've earned.

Where are the rich going to move their monies?

Anywhere. Doesn't matter where. Anywhere would be better, than being under the tax system that AOC just proposed. Canada, UK, Australia, Germany, Finland even. Anywhere.

A wealth tax, will make anywhere in the entire world, preferable to here. If I have $200 Million to spend on a vacation home.... that home in the US is going to be taxed, and elsewhere it will not. I'm not talking property tax, that everyone pays... but a tax on the unrealized capital gain. No where else does that, although France tried it and repealed it because it was a huge failure.

So anywhere else, is going to be preferable to here, under AOC's system.

The Rich are not going anywhere and there will still be plenty of loopholes. But there will be enough -also taxing giant corporations, to give us less inequality and more upward Mobility again...

How so, you fucking think giving more money to the government will make you rich?

Since I am not a brainwashed functional moron greedy GOP idiot Tama I want to help the whole country's not just myself I'm retired happily. Tax the rich and corporations so that you can invest in our infrastructure and our education and training to make it more available. We have way too many $7 jobs. You people can't seem to see beyond your own nose. And you certainly have no idea about what Democrats want.

 

[Andylusion]

Where are the rich going to move their monies?

Wherever they get taxed less, maybe to other countries out of the reach of greedy liberals. Just like the yacht tax decimated the American yacht industry because the rich simply bought foreign built yachts, the wealthy will not sit still and let you or anyone take their wealth.

Liberals never seem to realize that human nature always makes tax schemes generate less than they're projected to, because people protect what they've earned.

Where are the rich going to move their monies?

Anywhere. Doesn't matter where. Anywhere would be better, than being under the tax system that AOC just proposed. Canada, UK, Australia, Germany, Finland even. Anywhere.

A wealth tax, will make anywhere in the entire world, preferable to here. If I have $200 Million to spend on a vacation home.... that home in the US is going to be taxed, and elsewhere it will not. I'm not talking property tax, that everyone pays... but a tax on the unrealized capital gain. No where else does that, although France tried it and repealed it because it was a huge failure.

So anywhere else, is going to be preferable to here, under AOC's system.

The Rich are not going anywhere and there will still be plenty of loopholes. But there will be enough -also taxing giant corporations, to give us less inequality and more upward Mobility again...

How so, you fucking think giving more money to the government will make you rich?

Yeah, this is actually the part, that is most baffling to me.

You go and you look at government, and what do they do? They give money to all their buddies, all their special interest groups, all their political backers. You look at the 2009 stimulus package, billions in dollars given to the Unions for example. Did you see Union employees getting that money? You see GM auto workers, walking out with hundreds of thousands of dollars?

No, of course not. It went to the fat cat union bosses, the people who supported Obama's campaign. You didn't see a dollar going to the workers. Not a even a buck.

You see billions spent on Cash for Clunkers, and who got that money? The fat car company executives that cashed in. Even the trade ins, didn't really go to the poor, but rather some of the richest people, trading in their H1 hummer for a H2 hummer, which qualified under the program.



But the way you see these tax bigots react every time the tax rate is hiked or cut... you would think they had been hiding by the mail box, waiting for their big check to come in from government. Like every tax hike, they are moving out of their one-room apartment or something. As if a tax hike means, they'll magically collect a middle class income. Fools. All of them are fools.

 

[Andylusion]

The rich fucks scream "theft", so don´t just take 59 %, take it all, leave a food stamp.

If the federal tax rate was 0%, the federal government would collect 0 dollars. If the federal tax rate was 100%, the government would still collect 0 dollars, because who would be stupid enough to create wealth?

Then don´t scream "theft" while the hard working people pay up.

That's our point though. Every time you try and tax the rich, you end up taxing the poor. So *YOU* don't scream theft, when *YOU* end up paying the bill.

 

[Andylusion]

The rich fucks scream "theft", so don´t just take 59 %, take it all, leave a food stamp.

You don't get it.

The rich will simply move their money elsewhere. Again, France tried this, and there was a mass exodus from the country. You are just going to have them move their wealthy out of the country. Just like Venezuela, or Cuba, or any other country that has tried it.

And it is theft. It just is. Taking something that other people rightfully earned, when it is not yours.... is theft. Just like if I climbed into your car and drove off... it is theft.

Even if you deny that, it doesn't change the fact that your system doesn't work.

The problem with your theorie is that if the rich move their money abroad when taxed, we don´t need them anyway. Got it? You have a government, it needs money.
All get taxed, but it is only theft when it is the rich...

You know who else said that? The French, and the result was they had to jack up taxes even higher on the poor and middle class, which led to the yellow vest protests.


You know who else said that? Venezuela, and the result was nation wide power outages, food shortages, and now over 4 million refugees.
Refugees and migrants from Venezuela top 4 million: UNHCR and IOM

You know who else said that? Cuba, and they went from being a first world economy, to being a third world economy, where average people didn't even have access to Aspirin.

You know who else said that? North Korea, which is why we have satellite photos of mass graves, and smuggled photos of N.Korean soldiers eating grass.

You say that now.... now while under our system we enjoy the products services and life style that the rich being here, create.

But every country that has ever said "We don't need them" has ended up in ruins.

Yeah we do. And without them, you are going to end up being drastically higher taxes than you do right now, and / or see a national decline in the standard of living.

1. The French were given unknown banker Macron after they destroyed Fillon:
François Fillon to correct France´s sick policies of slavishly supporting terrorism and iron curtain

2. Venezuela was working until US intervention using the upper class opposition, creating sanctions, econmic boycott, blockade and terror. Plus, everyone crossing the border is counted as "refugee".

Nah, you are full of crap. Both of those responses are just flat out lies. I'm not going to argue with a liar.

 

[skye]

that Cortex is a total moron

I can't believe she was elected....by the ignoramus in NY....well I can lol....

total madness in NY .....so sad what that place has become....