Do you support a 1% Federal Wealth Tax to pay down the $39T National Debt? (Poll)

[kyzr]

You have to be kidding. This war alone cost US $6.1 billion in the first week. Everything adds up against US all.

The war supplemental is going to be about $50b.
That is nothing compared to the fraud being eliminated.
Agree everything adds up, lets just hope the economy heats up and the tax revenue covers.

 

[Stann]

The war supplemental is going to be about $50b.
That is nothing compared to the fraud being eliminated.
Agree everything adds up, lets just hope the economy heats up and the tax revenue covers.

There is way more crime and fraud in Florida and Texas. Why not address the worst problems first. Sounds like a plan to me. Still you want trump wasting money ?

 

[kyzr]

There is way more crime and fraud in Florida and Texas. Why not address the worst problems first. Sounds like a plan to me. Still you want trump wasting money ?

I don't want any money wasted, there is $213b DOGE found, I don't see that waste being fixed yet.

 

[Stann]

I don't want any money wasted, there is $213b DOGE found, I don't see that waste being fixed yet.

In the end trump will end up costing US more than it's worth. In many ways.Money isn't the only issue here.

 

[kyzr]

In the end trump will end up costing US more than it's worth. In many ways. Money isn't the only issue here.

Compared to the democrats and their 18% approval??

Trump is head and shoulders above them. Even democrats don't like democrats.

 

[Stann]

Compared to the democrats and their 18% approval??

Trump is head and shoulders above them. Even democrats don't like democrats.

Being correct and honest these days doesn't seem very popular with the trump crowd.

 

[leftwinger]

Except we are not collecting enough taxes overall. I demonstrated that. When we were balanced we collected 20% of GDP in tax revenue. We are down to 16%. No way we will see a balanced budget. Need 20% revenue and 20% expenses. We are at 16% revenue and 23% expenses.

Both need adjusting with the biggest piece carved out of the boomers bleeding us dry.

If you try to tax too much (income tax? what a dummy) the GDP drops or the rich stop working or move or change compensation method. Even with 90% Tax rates, they could not exceed 20%*GDP. 100yr chart shows 20%*GDP no matter the top rate.

You need a new tax. Income doesn't work. Do you think Bezoz lives on a 2-week paycheck?

 

[Mashmont]

You are wrong. I am right. I said both are a problem. Let me show you.

As you can see Revenues used to be 19.5% when we were making it. Now we arent making it running 16% under Trump. Revenues have been the major contributor to the deficit short fall all the way until COVID. Ignore 2021-2022 as GDP was affected by covid.

The problem has been all tax revenue until 2020 since 2001 BUT SINCE covid spending has been too high as well recently. I'll address that in the next section below.

View attachment 1229069


Spending in 2024 vs 2001 (the last surplus year) is all healthcare. Everything else is DOWN.

Problem #1 Boomers social security is unfunded. They claim its funded but they ran up a huge debt they didnt pay.

Problem #2 Boomers Medicare is unfunded. They claim its funded but the ran up a huge debt they didnt pay.

Problem #3 Since we UNDER COLLECTED taxes for 20 years below 19.5% of GDP we rand up interest payments.

Problem #4: We have not healthcare solution.


View attachment 1229071

That is the budget issue in a simple way to understand. We arent seeing more fraud or more poor people suck money out. We are seeing people pay LESS TAXES and BOOMER HEALTHCARE/RETIREMENT is breaking us.

Here's what we do about healthcare. NO government healthcare for males with a BMI over 30; females BMI over 35. Now, the minute you do that, the left will scream "racism!" because it's fashionable for black mamas to be morbidly obese. I would love to see RFK implement this. That will put an end to government-funded Little Debbies and Pepsis real quick. Think of it. Everyone wins if we do this, particularly the poor. Of course leftwingers would oppose this because they don't care about the poor or healthcare costs. They're trying to blow up the system.

 

[Southern Dad]

We do not have a wealth tax in this country, we have an income tax. Besides if the tax started out only on billionaires, it would move to millionaires, then move to everyone. Are you willing to give up 5% of the equity in your home? 5% of your 401k? 5% of your savings?

 

[Lisa558]

If you try to tax too much (income tax? what a dummy) the GDP drops or the rich stop working or move or change compensation method. Even with 90% Tax rates, they could not exceed 20%*GDP. 100yr chart shows 20%*GDP no matter the top rate.

You need a new tax. Income doesn't work. Do you think Bezoz lives on a 2-week paycheck?

Yup. Mandami is about to discover that. He’s pushing for an estate tax on $750,000. That barely a middle-class family in NY - the price of a basic apartment.

Anyone middle class (and up) will move out of the city, leaving it to ghetto rats and Islamists on welfare.

 

[Mashmont]

We do not have a wealth tax in this country, we have an income tax. Besides if the tax started out only on billionaires, it would move to millionaires, then move to everyone. Are you willing to give up 5% of the equity in your home? 5% of your 401k? 5% of your savings?

That's it, exactly. No leftwing tax ever stays confined. They always expand. Federal income tax was promised as a tax on the wealthy only.

 

[leftwinger]

Being correct and honest these days doesn't seem very popular with the trump crowd.

That's why you are so unpopular.

 

[leftwinger]

Getting people out of congress who are experts at creating problems and electing people to congress who are experts at solving problems would be a great start. Over time not so many problems will persist and there will be no need to raise taxes ever again, and we can start reducing them without any need to borrow money ever again. I know, both sides of the aisle will find that suggestion absolutely unacceptable and send the CIA out to kill me.

We did. We sent Trump to WASH, DC 3 times up to now. He's a problem solver.//

 

[Stann]

That's why you are so unpopular.

Like I've said for 5 years on.here , I am not a Female cray either. At least they don't attempt to silence my voice.

 

[Stann]

We did. We sent Trump to WASH, DC 3 times up to now. He's a problem solver.//

Don't you mean problem creator. The country has never been worse off.

 

[CrusaderFrank]

Yes, but the rich etc don't pay their fair share, that is the way life works in America and in much of the world. 'Money talks...'

How the Richest People in America Avoid Paying Taxes

A clever new paper puts concrete numbers to the taxes paid by members of the Forbes 400.

www.theatlantic.com

That's insane

 

[Stann]

That's insane

That's the reality of it. Federal records prove this.; from 2017 to 2020 , over 100,000 high earners (.making over 200,000 ) didn't even file. Over 25,000 millionaires didn't pay any taxes at all.

 

[Dorian Mode]

We did. We sent Trump to WASH, DC 3 times up to now. He's a problem solver.//

Now what we need are about 1000 more Trumps in DC. The neo-leftist, America -hating politicians will be completely jobless and have to go find work that doesn't involve a government scam, like opening a Learing Center, and pursuing a real job, like an engineer. Considering most studied Transgender Studies in college, I'd say they are fucked in a real government.

 

[citygator]

If you try to tax too much (income tax? what a dummy) the GDP drops or the rich stop working or move or change compensation method. Even with 90% Tax rates, they could not exceed 20%*GDP. 100yr chart shows 20%*GDP no matter the top rate.

You need a new tax. Income doesn't work. Do you think Bezoz lives on a 2-week paycheck?

l am using past actuals as support. You are kind of just making stuff up. We had a strong economy, balanced budget, and 20% of GDP was revenue and expenses.

 

[Nostra]

Being correct and honest these days doesn't seem very popular with the trump crowd.

How would you know?