Here are the “rich” Mamdani wants to tax

[SweetTea]

The parents die, leave the home and the assets to Joe and his wife. Under the status quo, they pay nothing in capital gains taxes and the estate is not large enough to qualify for an estate tax. But now, no estate tax, no step-up. Now, if they sell the houses, they will be looking at a $100,000 capital gains tax. Just how smart was Joe lobbying to eliminate the estate tax and eliminate the ste

I am not for an estate tax or eliminating the step up. Joe Sixpack would be just fine as would Benedict Ashford III. I don’t care if they are poor, rich or somewhere in between, their family’s assets shouldn’t be given to the government upon death.

As long as you personally benefit, that's good enough, right?

Doesn't really matter what happens to the country as long as you're doing fine.

I am advocating for fair treatment across the board. You are the one advocating for laws that benefit some groups but not others. Eliminating the estate tax doesn’t hurt poor people, but it hurts wealthier families. That is your definition of fair, but it’s not mine.

But, that is ok with you. Robin Hood has always been a hero of the left, but that doesn’t make him much better than a common thief.

The wealthy keep getting wealthier, so higher tax rates really aren't doing all that much to inhibit their accumulation of wealth.

Sure it does. Accumulation of wealth is significantly stymied by higher taxes and restrictions and tax incentives that are unavailable due to income restrictions, particularly for the working “rich” who can’t afford teams of accountants to manage their taxes and affairs. Mamdani is proposing a 50% estate tax on estates over 750k. 750k is not a large estate.

 

[Lisa558]

I am not for an estate tax or eliminating the step up. Joe Sixpack would be just fine as would Benedict Ashford III. I don’t care if they are poor, rich or somewhere in between, their family’s assets shouldn’t be given to the government upon death.



I am advocating for fair treatment across the board. You are the one advocating for laws that benefit some groups but not others. Eliminating the estate tax doesn’t hurt poor people, but it hurts wealthier families. That is your definition of fair, but it’s not mine.

But, that is ok with you. Robin Hood has always been a hero of the left, but that doesn’t make him much better than a common thief.



Sure it does. Accumulation of wealth is significantly stymied by higher taxes and restrictions and tax incentives that are unavailable due to income restrictions, particularly for the working “rich” who can’t afford teams of accountants to manage their taxes and affairs. Mamdani is proposing a 50% estate tax on estates over 750k. 750k is not a large estate.

As I pointed out, $750k is barely middle class in NYC. That’s the price of a tiny house built 80 years ago.

Mondami wants to wipe out not only the rich, but the middle class. That’s what socialism is all about.

 

[ColonelAngus]

If a 50% tax is good, a 100% tax is TWICE AS GOOD!

THINK OF ALL THE TAX REVENUE!!!

 

[Lisa558]

If a 50% tax is good, a 100% tax is TWICE AS GOOD!

THINK OF ALL THE TAX REVENUE!!!

I say let’s start by taxing ALL adults, including the 40% on welfare.

Minimum: $500 per person. People on food stamps can give up $40 worth of soda and candy per month. It would be a win-win: they eat healthier, and the government narrows the deficit.

 

[ColonelAngus]

I say let’s start by taxing ALL adults, including the 40% on welfare.

Minimum: $500 per person. People on food stamps can give up $40 worth of soda and candy per month. It would be a win-win: they eat healthier, and the government narrows the deficit.

We could pre tax welfare and just give 40% less.

 

[JoeB131]

As I pointed out, $750k is barely middle class in NYC. That’s the price of a tiny house built 80 years ago.

Four Bedrooms and three baths is "Tiny" in your world?

I would admit, those prices are wildly inflated, but they are hardly for a "tiny" house.

 

[JoeB131]

I say let’s start by taxing ALL adults, including the 40% on welfare.

Minimum: $500 per person. People on food stamps can give up $40 worth of soda and candy per month. It would be a win-win: they eat healthier, and the government narrows the deficit.

Why does Lisa hate poor people so much?

There's no point in taxing the poor, they don't have anything worth taxing, that's the point.

 

[SweetTea]

There's no point in taxing the poor, they don't have anything worth taxing, that's the point.

They wouldn’t be so quick to vote for higher taxes if it affected them as well. That is the point.

 

[Marener]

As I pointed out, $750k is barely middle class in NYC. That’s the price of a tiny house built 80 years ago.

Mondami wants to wipe out not only the rich, but the middle class. That’s what socialism is all about.

“As I pointed out”

You made a claim which is completely unsubstantiated and disappeared when asked to back it up.

Which is typical for some.

 

[JoeB131]

They wouldn’t be so quick to vote for higher taxes if it affected them as well. That is the point.

So what you live in terror of is the poor redistributing the wealth?

So let's be realistic here. The bottom 40% of the population controls less than 1% of the wealth.

The middle 20% controls less than 4% of the wealth.

The top 20% controls 87% of the wealth, with 41% of it being in the hands of the top 1%.

Wealth distribution in this country is fundementally broken. And most Americans don't realize how broken it is.

 

[Marener]

I am not for an estate tax or eliminating the step up. Joe Sixpack would be just fine as would Benedict Ashford III. I don’t care if they are poor, rich or somewhere in between, their family’s assets shouldn’t be given to the government upon death.

You care about yourself. It'd be lovely if we never had to pay taxes, but that's not going to work out.

I am advocating for fair treatment across the board. You are the one advocating for laws that benefit some groups but not others. Eliminating the estate tax doesn’t hurt poor people, but it hurts wealthier families. That is your definition of fair, but it’s not mine.

You don't want to advantage some groups apart from others, but you want preferential low tax rates on capital gains and higher tax rates on labor. That benefits wealthier families, and hurt everyone else.

Don't lecture me about "fairness" when you don't actually advocate for it.

But, that is ok with you. Robin Hood has always been a hero of the left, but that doesn’t make him much better than a common thief.

Republican policy has been to rob future generations to current generations can accumulate higher wealth. You advocate for the wealthy stealing from children.

This doesn't bother you because you envision a future where you've accumulated enough wealth that the inevitable cuts to social services are not going to affect you.

Sure it does. Accumulation of wealth is significantly stymied by higher taxes and restrictions and tax incentives that are unavailable due to income restrictions, particularly for the working “rich” who can’t afford teams of accountants to manage their taxes and affairs. Mamdani is proposing a 50% estate tax on estates over 750k. 750k is not a large estate.

Again, you've been misled by shoddy reporting. Nowhere does it actually say the rate is 50% over $750k.

Your fiscal plan is to hide under a pile of coats while the deficit increases and hope that it all works out okay. All because you don't want to pay higher taxes because you like driving nice cars, having a vacation home and sending your kids to expensive private schools.

 

[Lisa558]

We could pre tax welfare and just give 40% less.

Not even 40% less. It’s $40 less,

I know a single mother with four illegitimate children, and none of the fathers pitch in at all. She gets over $1100 a month tax-free in food stamps, and she has plenty for steak. She could drop down to a cheaper cut - I mean, really, does a 4-year-old and 2- year-old need Steak Dianne?? - have them drink water instead of Coke, and voila! No problem with a $40 reduction.

 

[Lisa558]

“As I pointed out”

You made a claim which is completely unsubstantiated and disappeared when asked to back it up.

Which is typical for some.

What’s unsubstantiated? I posted photos of little houses selling for $800k. These people are living blue-color lifestyles, and the Socialist wants their money to give to more welfare cheats.

 

[Lisa558]

You care about yourself. It'd be lovely if we never had to pay taxes, but that's not going to work out.

You don't want to advantage some groups apart from others, but you want preferential low tax rates on capital gains and higher tax rates on labor. That benefits wealthier families, and hurt everyone else.

Don't lecture me about "fairness" when you don't actually advocate for it.

Republican policy has been to rob future generations to current generations can accumulate higher wealth. You advocate for the wealthy stealing from children.

This doesn't bother you because you envision a future where you've accumulated enough wealth that the inevitable cuts to social services are not going to affect you.

Again, you've been misled by shoddy reporting. Nowhere does it actually say the rate is 50% over $750k.

Your fiscal plan is to hide under a pile of coats while the deficit increases and hope that it all works out okay. All because you don't want to pay higher taxes because you like driving nice cars, having a vacation home and sending your kids to expensive private schools.

The people Mondami wants to tax don’t have that. They cannot afford private schools, people in Manhattan don’t have cars, and they sure don’t have vacation homes.

They live modest lives - albeit better than welfare leeches, Mondami wants to even it out.

 

[Marener]

What’s unsubstantiated? I posted photos of little houses selling for $800k. These people are living blue-color lifestyles, and the Socialist wants their money to give to more welfare cheats.

You said almost every middle class person has an estate over $750k.

Source? Vibes.

You said 40% of Americans are on welfare.

Source? Because I said so.

You and your party has zero fiscal common sense but sure don’t have a problem attacking everyone else.

 

[ColonelAngus]

Not even 40% less. It’s $40 less,

I know a single mother with four illegitimate children, and none of the fathers pitch in at all. She gets over $1100 a month tax-free in food stamps, and she has plenty for steak. She could drop down to a cheaper cut - I mean, really, does a 4-year-old and 2- year-old need Steak Dianne?? - have them drink water instead of Coke, and voila! No problem with a $40 reduction.

It is AMAZING lefties are tweaking over not being able to buy candy and soda with WELFARE.

 

[JoeB131]

Not even 40% less. It’s $40 less,

I know a single mother with four illegitimate children, and none of the fathers pitch in at all. She gets over $1100 a month tax-free in food stamps, and she has plenty for steak. She could drop down to a cheaper cut - I mean, really, does a 4-year-old and 2- year-old need Steak Dianne?? - have them drink water instead of Coke, and voila! No problem with a $40 reduction.

Again, Lisa lives in mortal fear the poor might have nice things.

 

[JoeB131]

You said almost every middle class person has an estate over $750k.

Source? Vibes.

You said 40% of Americans are on welfare.

Source? Because I said so.

You and your party has zero fiscal common sense but sure don’t have a problem attacking everyone else.

The ironic thing is that Lisa is on Social Security and Medicare, and when she was working very hard trying to keep black kids out of her school, she was using an ACA healthcare plan.

But let's listen to her whine about "Welfare".

 

[Marener]

The people Mondami wants to tax don’t have that. They cannot afford private schools, people in Manhattan don’t have cars, and they sure don’t have vacation homes.

They live modest lives - albeit better than welfare leeches, Mondami wants to even it out.

Then you should be happy since you’re always so anxious to jack up taxes on everyone other than the wealthy.

 

[SweetTea]

So what you live in terror of is the poor redistributing the wealth?

So let's be realistic here. The bottom 40% of the population controls less than 1% of the wealth.

The middle 20% controls less than 4% of the wealth.

The top 20% controls 87% of the wealth, with 41% of it being in the hands of the top 1%.

Wealth distribution in this country is fundementally broken. And most Americans don't realize how broken it is.

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Who says the goal is wealth redistribution? I don’t envy those who have more than I do. I may aspire to reach their level and that is what spurs ambition. In this country, wealth is attainable by anyone. That is not the case in many other countries.

Back to wealth redistribution, those of you that complain so much about it don’t have clue just how good the vast majority of people in the country have it compared to most other countries. Just because someone may not be nearly as wealthy as the top, doesn’t mean that they can’t have a decent standard of living, particularly when compared to the rest of the world.