In the last year, the ten richest men in America are 698 billion dollars richer

[Toddsterpatriot]

Its a government of the people. Guess what? They are people. They didnt pay the debt. The bottom 50% have no money so they cant pay anyone's debt. So now what? Yep. Those with money need to pay. I suggest a bunch from billionaires and go down from there.

Its a government of the people. Guess what? They are people. They didnt pay the debt. The bottom 50% have no money so they cant pay anyone's debt. So now what?

The government should spend a lot less.

Those with money need to pay.

How much should people with money pay?

 

[Toddsterpatriot]

A wealth tax is infeasible.

What needs to be done is to deconstruct all the tax expenditures and regulations which tilt the playing field and transfer wealth UP the food chain.

Ban all tax expenditures. Return to a ban on stock buybacks. Enact a higher estate tax and a gift tax. Make the capital gains tax the same as the income tax.

Just for starters.

It is also time to hold Trump and the Republicans accountable for their promises.

Balance the budget.

Replace Obamacare.

Lower groceries "on day one".

End inflation "on day one".


The rubes were lied to, and literally beg for more.

.

Ban all tax expenditures.

Which ones are the worst? List your top 5.

Return to a ban on stock buybacks.

Nah. Unless you want to make dividends deductible.

Enact a higher estate tax and a gift tax.

How high?

Make the capital gains tax the same as the income tax.

And adjust capital gains for inflation.

It is also time to hold Trump and the Republicans accountable for their promises.

Right after Obamacare saves every family $2500 a year and after Biden cures cancer.

And after Obama's takeover of student loans turns a profit and makes college afforable.

 

[Toddsterpatriot]

How about a 1 time wealth tax to pay the debt? An 18% tax on wealth ought to pay off 100% of the debt and it is fair. Everyone pays 18% of what they own. Debts are gone. That $30T / $160T.

View attachment 1180769

Cut government 50% first.

 

[Toddsterpatriot]

That's the whole scheme right there, see.

The top one percent own at least 50 percent of the stock market.

Let's say your stock portfolio increases by $1 billion in a year.

So long as you don't cash in those gains, you pay no capital gains tax.

However, you can game the system by BORROWING a billion dollars, using your stock as collateral.

Now you have a billion dollars in cash without paying taxes, and you get to invest that billion to make even more capital gains!

Even better, you get to DEDUCT THE INTEREST you pay on that loan!

That's just one of many ways the wealthy have a leg up on everyone else.

.

Let's say your stock portfolio increases by $1 billion in a year.

So long as you don't cash in those gains, you pay no capital gains tax.

Right. No income tax until you have income.

Even better, you get to DEDUCT THE INTEREST you pay on that loan!

Only to the extent you have net investment income.

 

[Toddsterpatriot]

Every working American pays the payroll tax. Something you assholes never fail to overlook.

Even the half of payroll taxes that are paid by the employer are paid by the employee in lower wages.

Right out of the gate, at dollar one, Americans are paying 15.3 percent in payroll taxes. Someonoe who earns $60,000 is paying $9,000 in payroll taxes, BEFORE they even pay income taxes. That is a huge percentage of their income.

Payroll taxes are highly regressive.

The income tax is only about half of federal revenues. Payroll taxes are 35 percent of federal revenues. Corporate taxes are about 11 percent.

Right out of the gate, at dollar one, Americans are paying 15.3 percent in payroll taxes. Someonoe who earns $60,000 is paying $9,000 in payroll taxes, BEFORE they even pay income taxes. That is a huge percentage of their income.

People can't get ahead because their taxes are too high?

Payroll taxes are 35 percent of federal revenues.

And Social Security is still going broke.

 

[elektra]

No wonder you all love Trump if you settle for a dump like this.

You DESERVE Trump.

I have some advice for the single fellas out there.

You should DEFINITELY date a female Trump supporter like the ones on this forum.

Because no matter how many thousands of LIES you tell her...

No matter how many times you BULLY others in front of her...

No matter how often you BLASPHEME...

No matter how many unbelievably STUPID things you say...

No matter how frequently you BETRAY her...

She will always ADORE you!

When you see one of these submissive chicks, the cross around her neck glinting in the moonlight, just put on a red hat, whisper sweet hatreds in her ear, and invite her to a book burning.

She'll be yours forever!

And the low intelligence such as yourself can keep voting democrat. I am a man, Elektra is a record label that the Doors were on.

This is how democrats live in los angeles, if the are lucky. I will make sure to tag you in my new thread you inspired

 

[elektra]

I pay$360 per month

I pay $750 a month with insurance, my mortgage is $750 in connecticut

In Los Angeles where I found enough overtime to make ends meet I pay $1200 a month.

 

[Toddsterpatriot]

Those funds are immediately used for other purposes. They don't go into a locked box, genius.

And it's a fact they are a TAX which every Amerian pays and fund a huge part of our government's operations.

A fact you asshole invariably overlook and ignore.

Those funds are immediately used for other purposes. They don't go into a locked box, genius.

They immediately pay recipients.

They've been running down the Trust Fund for years now, moron.

 

[Deplorable Yankee]

The ten richest men in America became nearly 700 billion dollars richer in the last year. In the meantime, the GOP and Trump have shut down the AID program, literally taking food out of the mouths of starving children. And here in the states they want to eliminate the SNAP program, take healthcare programs away from low income people, and charge the rest of us more. Just so next year those ten and other very wealthy can gain even more than $700 billion. Wages stagnant, major layoffs happening, and food prices going up, and it looks like they will go up even more rapidly in the coming months. Already in the off year elections, we are seeing people reacting to what they are seeing the GOP and Trump doing to their lives.

MSN

And that's why we should take it all and give it to illegal aliens and transgender issues

 

[Nostra]

That's because the government lets it happen which is the crux of my argument. There is no benefit in having ultra wealthy people. Society should tax them out of it. I am open to hearing why society benefits from ultra wealthy.

The millions of jobs they create.

Next?

How has society benefitted for you being around, simp?

 

[Captain Caveman]

The ten richest men in America became nearly 700 billion dollars richer in the last year. In the meantime, the GOP and Trump have shut down the AID program, literally taking food out of the mouths of starving children. And here in the states they want to eliminate the SNAP program, take healthcare programs away from low income people, and charge the rest of us more. Just so next year those ten and other very wealthy can gain even more than $700 billion. Wages stagnant, major layoffs happening, and food prices going up, and it looks like they will go up even more rapidly in the coming months. Already in the off year elections, we are seeing people reacting to what they are seeing the GOP and Trump doing to their lives.

MSN

Because folk keep buying the goods and services of those billionaires.

 

[Nostra]

That's because the government lets it happen which is the crux of my argument. There is no benefit in having ultra wealthy people. Society should tax them out of it. I am open to hearing why society benefits from ultra wealthy.

How has society benefitted citygator ?

Just one of them paid $12 BILLION in income taxes for just one year.

How much you pay last year, Deadbeat?

 

[Nostra]

Didn’t take much to run citygator out of the thread.

 

[Nostra]

That's because the government lets it happen which is the crux of my argument. There is no benefit in having ultra wealthy people. Society should tax them out of it. I am open to hearing why society benefits from ultra wealthy.

I would venture to say hundreds of millions of poor and working class folks have benefitted from Walmart. IIRC, it’s owned by billionaires.

What have you done for poor folks citygator

 

[Nostra]

That's because the government lets it happen which is the crux of my argument. There is no benefit in having ultra wealthy people. Society should tax them out of it. I am open to hearing why society benefits from ultra wealthy.

citygator couldnt post here if not for him BENEFITTING from the devices and software created by the ultra wealthy.


Benefit to society? Yep. Not the Citygator part about posting, but the overall benefit to society.

 

[Nostra]

A wealth tax is infeasible.

What needs to be done is to deconstruct all the tax expenditures and regulations which tilt the playing field and transfer wealth UP the food chain.

Ban all tax expenditures. Return to a ban on stock buybacks. Enact a higher estate tax and a gift tax. Make the capital gains tax the same as the income tax.

Just for starters.

It is also time to hold Trump and the Republicans accountable for their promises.

Balance the budget.

Replace Obamacare.

Lower groceries "on day one".

End inflation "on day one".


The rubes were lied to, and literally beg for more.

.

BAN ALL TAX EXPENDITURES.

Cool. No need for taxes. He’ll, no need for government at all.

 

[citygator]

How has society benefitted citygator ?

Just one of them paid $12 BILLION in income taxes for just one year.

How much you pay last year, Deadbeat?

How has society benefitted citygator ?

Just one of them paid $12 BILLION in income taxes for just one year.

How much you pay last year, Deadbeat?

I paid $368,395 in Federal taxes last year. You?

 

[Nostra]

I paid $368,395 in Federal taxes last year. You?

Slacker

 

[citygator]

citygator couldnt post here if not for him BENEFITTING from the devices and software created by the ultra wealthy.


Benefit to society? Yep. Not the Citygator part about posting, but the overall benefit to society.

Those weren’t invented by billionaires you dipshit. They were invented by regular people who became billionaires by paying low marginal tax rates. You might be the dumbest poster on this board.

 

[citygator]

Didn’t take much to run citygator out of the thread.

What do you think I was doing between 10pm and 4am? I’ll give you 3 guesses. You might be the dumbest poster on here Nostradumbass.