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

[Wyatt earp]

In raw cash, there is only $1.4 Billion in actual real physical currency.

Easy math for the slow posters.

300+ million people in the USA.
We shall round down for you, and say 170 million with some actual cash on hand.
Let's pretend those 170 million each have $10 in cash. Is that possible?

You know how much that is????
More than 1.4 Billion. lol.

It's in banks idiot

 

[Andylusion]

In raw cash, there is only $1.4 Billion in actual real physical currency.

Clueless.
Absolutely Clueless.

There is just under 2 TRILLION in Currency in circulation. That is just US Federal Reserve Bills.

Yes! LOL I missread!

That 1.463.4 Why did they do that?? That's 1,464.... not 1.464.....

Ugh......

Shoot me now.

 

[Wyatt earp]

In raw cash, there is only $1.4 Billion in actual real physical currency.

Easy math for the slow posters.

300+ million people in the USA.
We shall round down for you, and say 170 million with some actual cash on hand.
Let's pretend those 170 million each have $10 in cash. Is that possible?

You know how much that is????
More than 1.4 Billion. lol.

It's in banks idiot

I just checked my wallet $20 bucks in $2 dollar Bill's for titty bars a shit load of credit cards an atm cards dont know how much is in them

 

[Ray From Cleveland]

Cons and their FAKE religion and FAKE "I go to Church Talk."

Next thing you will tell me is "they don't say the Pledge" in public school any more.
Or even more adorable,
would be that you claim to stand for the National Anthem in your home before the NFL football games.

A television is a device that creates lines of resolution to create a picture. You don't stand for lines of resolution.

Republicans are for freedom of religion, not necessarily a subscription to any certain one. President Trump stands for freedom of religion, but I don't think he's a religious person.

Post of the month

Republicans are for freedom of religion, not necessarily a subscription to any certain one. President Trump stands for freedom of religion, but I don't think he's a religious person.

What the fuck ray? And this comes out of the mouth of an unknown/uneducated truck driver?

Well this unknown uneducated truck driver doesn't subscribe to a religion, and many of my conservative friends and family don't either. Conservatism is not about religion, only the freedom of it as outlined by the Constitution. Do many conservatives belong to a religion? Who knows?

 

[Winco]

In raw cash, there is only $1.4 Billion in actual real physical currency.

Easy math for the slow posters.

300+ million people in the USA.
We shall round down for you, and say 170 million with some actual cash on hand.
Let's pretend those 170 million each have $10 in cash. Is that possible?

You know how much that is????
More than 1.4 Billion. lol.

It's in banks idiot

What?
So you don't believe that there is more than 1.4 Billion in actual currency.
There is more than 1.4 Billion in Las Vegas alone.
In the pockets of the people, not even counting the Casinos or Banks or Investment Companies.

 

[Andylusion]

In raw cash, there is only $1.4 Billion in actual real physical currency.

Clueless.
Absolutely Clueless.

There is just under 2 TRILLION in Currency in circulation. That is just US Federal Reserve Bills.

So, you are in fact right, as I hilariously discovered. HOWEVER....

My point I was making is actually still valid.

Forbes 400 richest list 2019: Jeff Bezos, Bill Gates still on top

On Wednesday, the financial magazine dropped its 38th annual Forbes 400 list, and the billionaires who made the 2019 line up have a combined net worth of $2.96 trillion
​

The combined net worth of the top billionaires in this country, is over $2.96 Trillion.

If they had all this money in their pockets... there should not be a single one dollar bill left in the entire country.

Still that made me laugh hard, when I saw that screw up you caught. That was funny.

 

[Wyatt earp]

Cons and their FAKE religion and FAKE "I go to Church Talk."

Next thing you will tell me is "they don't say the Pledge" in public school any more.
Or even more adorable,
would be that you claim to stand for the National Anthem in your home before the NFL football games.

A television is a device that creates lines of resolution to create a picture. You don't stand for lines of resolution.

Republicans are for freedom of religion, not necessarily a subscription to any certain one. President Trump stands for freedom of religion, but I don't think he's a religious person.

Post of the month

Republicans are for freedom of religion, not necessarily a subscription to any certain one. President Trump stands for freedom of religion, but I don't think he's a religious person.

What the fuck ray? And this comes out of the mouth of an unknown/uneducated truck driver?

Well this unknown uneducated truck driver doesn't subscribe to a religion, and many of my conservative friends and family don't either. Conservatism is not about religion, only the freedom of it as outlined by the Constitution. Do many conservatives belong to a religion? Who knows?

You believe in love. That's what the bible is all about

 

[Ray From Cleveland]

AOC rocks!

Only the ones that fall out of her ears from her head.

 

[satrebil]

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

Yeah, fuck those old people who worked 40 years and built a nest egg in stocks and assets so they wouldn't have to burden the taxpayers when they're no longer able to work. Steal as much of it as you can.

You're a real fucking asshole, you know that?

 

[Andylusion]

In raw cash, there is only $1.4 Billion in actual real physical currency.

Easy math for the slow posters.

300+ million people in the USA.
We shall round down for you, and say 170 million with some actual cash on hand.
Let's pretend those 170 million each have $10 in cash. Is that possible?

You know how much that is????
More than 1.4 Billion. lol.

It's in banks idiot

What?
So you don't believe that there is more than 1.4 Billion in actual currency.
There is more than 1.4 Billion in Las Vegas alone.
In the pockets of the people, not even counting the Casinos or Banks or Investment Companies.

No there, I missread the article. They put a dot instead of a comma. My fault.

 

[Winco]

Yes! LOL I missread!

Well, at least you can admit it.
Now, can you admit I was correct? I might be hard, but try.
A little logic goes a long way.

I would venture that there is way over $1.4 Billion in currency, sitting in ATM's.

 

[Wyatt earp]

Cons and their FAKE religion and FAKE "I go to Church Talk."

Next thing you will tell me is "they don't say the Pledge" in public school any more.
Or even more adorable,
would be that you claim to stand for the National Anthem in your home before the NFL football games.

A television is a device that creates lines of resolution to create a picture. You don't stand for lines of resolution.

Republicans are for freedom of religion, not necessarily a subscription to any certain one. President Trump stands for freedom of religion, but I don't think he's a religious person.

Post of the month

Republicans are for freedom of religion, not necessarily a subscription to any certain one. President Trump stands for freedom of religion, but I don't think he's a religious person.

What the fuck ray? And this comes out of the mouth of an unknown/uneducated truck driver?

Well this unknown uneducated truck driver doesn't subscribe to a religion, and many of my conservative friends and family don't either. Conservatism is not about religion, only the freedom of it as outlined by the Constitution. Do many conservatives belong to a religion? Who knows?

You believe in love. That's what the bible is all about

Ray you are getting saved through love, don't worry brother.

 

[Wyatt earp]

Yes! LOL I missread!

Well, at least you can admit it.
Now, can you admit I was correct? I might be hard, but try.
A little logic goes a long way.

I would venture that there is way over $1.4 Billion in currency, sitting in ATM's.

Yeah I thought that number was low.

And I agree

 

[Ray From Cleveland]

Cons and their FAKE religion and FAKE "I go to Church Talk."

Next thing you will tell me is "they don't say the Pledge" in public school any more.
Or even more adorable,
would be that you claim to stand for the National Anthem in your home before the NFL football games.

A television is a device that creates lines of resolution to create a picture. You don't stand for lines of resolution.

Republicans are for freedom of religion, not necessarily a subscription to any certain one. President Trump stands for freedom of religion, but I don't think he's a religious person.

Post of the month

Republicans are for freedom of religion, not necessarily a subscription to any certain one. President Trump stands for freedom of religion, but I don't think he's a religious person.

What the fuck ray? And this comes out of the mouth of an unknown/uneducated truck driver?

Well this unknown uneducated truck driver doesn't subscribe to a religion, and many of my conservative friends and family don't either. Conservatism is not about religion, only the freedom of it as outlined by the Constitution. Do many conservatives belong to a religion? Who knows?

You believe in love. That's what the bible is all about

I was born Catholic, went to a Catholic school, even an altar boy. But as I grew up looking at my past, I found the religion to be somewhat hypocritical.

Now I basically believe in God; not because of the Bible so much, but of this great planet and the miracles that take place every second of every day to sustain life. Our energy comes from another planet millions of miles away and will never burn out. Our food grows magically from the ground. Our weather allows this process to take place, and the food chain itself is amazing, along with plants and animals to procreate. It's just amazing.

When these libs tell me this is all just a bunch of dumb luck, I can only laugh. Simply put, there has to be a greater being that controls these thousands of things.

 

[Andylusion]

Yes! LOL I missread!

Well, at least you can admit it.
Now, can you admit I was correct? I might be hard, but try.
A little logic goes a long way.

I would venture that there is way over $1.4 Billion in currency, sitting in ATM's.

Of course it was obviously wrong, once you pointed it out.
I said that. It's a bit under $2 Trillion in physical currency.

However, my point still remains true, that if the rich were all just hoarding the money, then there shouldn't be any money left in the country.

Forbes 400 richest list 2019: Jeff Bezos, Bill Gates still on top

On Wednesday, the financial magazine dropped its 38th annual Forbes 400 list, and the billionaires who made the 2019 line up have a combined net worth of $2.96 trillion​

They are not hoarding the money. The money is either spent, invested, or saved. And when it is saved, the banks either spend, invest or save it. And whoever they save it with will spend, invest, or save.

All money is used somehow. No one just has it shoved in the corner or something, next to their futon. That's not a thing.

 

[Winco]

Our energy comes from another planet millions of miles away and will never burn out. Our food grows magically from the ground. Our weather allows this process to take place, and the food chain itself is amazing, along with plants and animals to procreate. It's just amazing.

When these libs tell me this is all just a bunch of dumb luck, I can only laugh. Simply put, there has to be a greater being that controls these thousands of things.

All of that^^^^is called a "goldilocks planet."
A planet needs water to sustain life.
Earth is currently a "goldilocks planet."

 

[Not2BSubjugated]

Yes! LOL I missread!

Well, at least you can admit it.
Now, can you admit I was correct? I might be hard, but try.
A little logic goes a long way.

I would venture that there is way over $1.4 Billion in currency, sitting in ATM's.

You were correct that there is WAY over 1.4 billion in currency floating around. Roughly 1000 times that.

Your original point, however, about how the super wealthy just let their money sit in off-shore bank accounts is a Scrooge McDuck fantasy.

Take Bezos. Most of his wealth is in the shares of his company he owns. If he doesn't actually sell off those shares and extract that wealth from the company, then it remains as Amazon revenue and goes towards Amazon expenses. By not cashing out his shares, he is, BY DEFINITION, letting his wealth circulate in the economy.

People with the financial IQ's to create and maintain billion dollar nest eggs, they don't get there by hoarding their money away in a vault. The only time the money of a super wealthy individual lays dormant is if said individual doesn't see any opportunity to turn that money into more money. Want the rich to invest more? Don't disincentivize investment.

But nah, folks like you call for a wealth tax that would tax some of these people over 100 percent of their income, demand massive hikes in capital gains taxes, and then wonder why the multinationals won't repatriate their offshore profits.

 

[Andylusion]

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

Yeah, fuck those old people who worked 40 years and built a nest egg in stocks and assets so they wouldn't have to burden the taxpayers when they're no longer able to work. Steal as much of it as you can.

You're a real fucking asshole, you know that?

How stupid of them to think we would let them avoid being burden on society.... and just because we taxed the crap out of their earnings before they invested, doesn't mean we won't tax the crap out of their investments made from money they already paid taxes on! Come on!

In fact, let's just.... take everything. I want it, we have the votes for it... who cares about freedom and property... constitution whatever.

 

[pyetro]

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!

The thread author, who specializes on omitting information , won't tell you that the tax rate in question is for money made above the first $10 million.

 

[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!

The thread author, who specializes on omitting information , won't tell you that the tax rate in question is for money made above the first $10 million.
Threads byThe Purge should be presumed to be BS even before reading them.

Actually, I highlighted that part of the OP earlier.