Leftists are salivating - drooling - for a wealth tax

[Frankeneinstein]

We all know that is because of the Golden Rule

He who has the Gold makes the rules

that's good...beats "render unto ceaser"

 

[rightwinger]

Why go to all that trouble for peanuts when it's easy to start a company and get rich?

Link

 

[Nostra]

Why does "labor" keep working for the rich guy instead of just starting their own company, do nothing, and become rich?

: crickets: from rightwinger

 

[rightwinger]

: crickets: from rightwinger

Link

 

[jotathought]

Tax where the money is

View attachment 1268674

Explain, using your graphic, "What Democracy Looks Like."

Such an over-used term by the Left -- especially when they showed us what Democracy looked like by stripping the candidacy from a presidential run and giving it to a candidate who received zero percent of the primary vote. You know, actual democracy.

 

[forkup]

View attachment 1269415The 50 year average Fed Revenue is 17.4% with tax rates varying.

Corporate Taxes are paid by the consumer. Tax the rich doesnt mean sh.it.

This chart doesn't really show what you're claiming it does.

For one, it's total federal revenue as a percentage of GDP, not corporate tax revenue. So I'm not sure how it proves anything about who ultimately pays corporate taxes.

It also doesn't account for recessions, economic growth, demographic shifts, inflation, or changes in the tax code. You're looking at a final number and assuming a single cause.

And even then, the graph isn't exactly flat. Revenue ranges from about 14.5% to 20% of GDP. That's a pretty significant spread. Saying the average is 17.4% doesn't mean tax policy has no effect any more than saying the average temperature is 15°C means seasons don't exist.

As for corporate taxes being entirely paid by consumers, that's not what most economists conclude. The burden is generally split between consumers, workers, and shareholders. The disagreement is over the proportions, not whether consumers pay 100% of it. In fact, the number is more around 20 percent going by the CBO and less if you go by the bureau of labor statistics.

And honestly, there's a pretty obvious question here: if corporations can just pass the entire cost of corporate taxes onto consumers, why do they spend so much money lobbying for lower corporate tax rates? If consumers are paying the whole bill anyway, then lower corporate taxes shouldn't matter much to the corporations themselves.

 

[M14 Shooter]

What the left is proposing with these "wealth taxes" is theft. And rest assured, after they get their 5% this time, they will be back for more, soon enough.

For the federal government to tax wealth, Democrats will need to amend the Constitution, as the federal government has no such power.

 

[hadit]

The rich make a profit off of every job
It is labor that produces wealth

That canard again. Labor couldn't do anything without management directing, setting up supply, etc. A construction crew wants to build an office building. Without management, there's no place to put, no materials to use to build it, no one redirecting traffic around the phantom location, etc. etc.

Now, you can make the case that labor should be paid more, but at the same time you'd have to tone down the complaining about high prices as a result.

 

[Lockback]

The rich make a profit off of every job
It is labor that produces wealth

"I have taught you well, comrade."

 

[M14 Shooter]

Explain, using your graphic, "What Democracy Looks Like."
Such an over-used term by the Left --

Democracy, in the United States, looks like people voting for Senators and members of the House.
That's it. In toto.

 

[rightwinger]

That canard again. Labor couldn't do anything without management directing, setting up supply, etc. A construction crew wants to build an office building. Without management, there's no place to put, no materials to use to build it, no one redirecting traffic around the phantom location, etc. etc.

Now, you can make the case that labor should be paid more, but at the same time you'd have to tone down the complaining about high prices as a result.

Labor is a constant
They are the ones creating wealth

Don’t give me the bullshit that the wealthy use low cost labor to sell products at a lower price

They keep the money

 

[jotathought]

Democracy, in the United States, looks like people voting for Senators and members of the House.
That's it. In toto.

A slightly different flavor of this — it’s at all levels of government : local, state and federal, and in many cases includes a two-tier process to weed out initial candidates (e.g., primaries, runoffs, caucus, recall).

It also includes president, and a new precedent was set in 2024 to strip an individual from his presidential candidacy and give it to another individual without a single voice from the people.

 

[M14 Shooter]

A slightly different flavor of this — it’s at all levels of government ...

That's why I specified in the United States, referring to the federal level.

It also includes president...

Only in states which allow for a popular election of electors. None of them have to, and thus, it cannot be included in a full accounting of democracy in the US.

 

[hadit]

Labor is a constant
They are the ones creating wealth

They can't create anything without somebody directing things.

Don’t give me the bullshit that the wealthy use low cost labor to sell products at a lower price

They keep the money

That's only when they manage to lower costs, like when robotics will render most blue-collar jobs obsolete.

Face it, there will always be a battle between labor and management, and management has the customers on their side. Why do you think you can buy a $100 TV at Walmart and none of them are made in the US? If the customer was on Labor's side, they would be paying $500 for the same TV and you wouldn't see any made in Korea or China.

Have you personally complained to Walmart that they don't sell American made TVs for you to buy, or do you happily pay bottom dollar for everything?

 

[The Sage of Main Street]

Wealth taxes only drive investment away from the USA.

Mandami drove the wealthy away from NY...even the bank of New York has left.

Just like California drove away many large businesses away from California...Elon Musk, Blue Diamond, Vallero Oil, and many more....

So they want a wealth tax to drive away everyone from America?

That would be dumb.

How Is Taxing Away Inheritance "Punishing Success"?

Inheritance taxes would drive away people we don't need to (literally) lord over us. Let them go live with the foreign richkids they went to prep schools and Ivy colleges with. They've always loved them far more than they ever cared about their fellow Americans.

 

[The Sage of Main Street]

Musk and the billionaires pay into SS but will never go and ask for benefits at retirement. I made a really small fraction of Musk and will not ever need my SS benefits when they will become available. So, Musk, the billionaires, and I paid a lot of money into the system and will get nothing out of it. Now you thieving dumocraps want more? I think it is time to do away with this horrible, corrupt program and tell people to prepare for their retirement by themselves or get a tent and live on Skid Row when they can no longer work. The time of living off the government is coming to a close. The government is bankrupt because of many, many decades of fraud and corruption.

Every Rightist Talk Show Is Fed What It Reacts To

Would you consider the scheme that Liberals are unconscious agents of the Right Wing they were born in? They intentionally waste tax money to give their openly Right classmates a convincing excuse to cut taxes. They have the same frivolous view of spending money that they had when they were kids.

 

[The Sage of Main Street]

They can't create anything without somebody directing things.

That's only when they manage to lower costs, like when robotics will render most blue-collar jobs obsolete.

Face it, there will always be a battle between labor and management, and management has the customers on their side. Why do you think you can buy a $100 TV at Walmart and none of them are made in the US? If the customer was on Labor's side, they would be paying $500 for the same TV and you wouldn't see any made in Korea or China.

Reverse of "The Tragedy of the Commons"

Without the treason of outsourcing, American consumers would make enough from their own jobs to pay for the higher prices of American workers. The Great Depression was caused because underpaid American workers couldn't pay for what other American workers made, leading to total losses on the surplus.

 

[otto105]

Mr. Musk became a trillionaire (on paper) yesterday when his Space X company became public.

AOC, Bernie, and many lesser known socialists are just drooling for a wealth tax so they can swoop in and steal 5% of his wealth and redistribute it.



Now, I'm not going to tell you that the super rich don't need to pay more. THEY DO. Raise the freaking tax rates on the wealthy - but do it on earned income, capital gains, and so forth.... the way they have done it for a long time. Raise the rates.

What the left is proposing with these "wealth taxes" is theft. And rest assured, after they get their 5% this time, they will be back for more, soon enough.

Hilarious

Why do you carry their wealth when you will never enjoy their benefits?

 

[The Sage of Main Street]

We aren’t a Democracy, Trollwinger.

We Are an "Heiristocracy," Which Can Never Co-Exist with Any Kind of Free Government

 

[The Sage of Main Street]

The problem in America is not that the rich don't pay their fair share, they pay most of the taxes collected. The problem in America is that there are so many unmotivated loser parasites

We don't have to tax the rich more, we have to punish the parasites in the system more.

Civilization Can Only Ascend If Descendants Descend

Same with RichKid "winner parasites." We don't have to tax the rich at all. Taxing away what they left isn't taxing them, even if it literally against their will.