Zone1 Tax the Rich! Make them Pay their Fair Share!

[Hafar1014]

Wow, the worlds 4th largest economy, where I'm at, everyone's on unemployment?

They are in democrat states and its all fraud especially in CA
California faces massive unemployment (EDD) fraud, with estimates surpassing $32.6 billion, largely stemming from pandemic-era claims and ongoing identity theft. Fraudsters use phishing and fake websites to steal data, while victims face stolen funds from EDD debit cards. Report fraud immediately to the EDD online or call 1-800-229-6297.
California Employment Development Department (.gov) +6
Key Aspects of California Unemployment Fraud

• Scale of Fraud: Over $32.6 billion in potential fraud is under investigation. While California recovered roughly $6 billion in fraudulent funds, investigations continue into organized crime, including cases involving drug trafficking.
• Common Scams:Fraudsters use text-based job offers, fake websites designed to steal credentials, and AI-powered voice/photo impersonation
  .
  • Identity Theft: Criminals use stolen personal information to file false claims, with victims often discovering this when they receive a "Notice of Potential Overpayment" or a fraudulent debit card.
  • EDD Response: The EDD uses specialized, improved systems for detecting fraud and has partnered with law enforcement to recover funds.
  • Penalties: Under California law, unemployment fraud can result in felony charges, with penalties including two, three, or five years in state prison and hefty

 

[Toddsterpatriot]

You going to continue to ignore reality and cherry pick?



SINCE RONNIE REAGAN, EVERY GOP PREZ HAS GUTTED REVENUES AND INCREASED SPENDING

DUBYA/GOP MEDICARE EXPANSION IN 2003 ALONE COSTS $230+ BILLION THIS YEAR, OF COURSE WITHOUT A SINGLE PENNY OF FUNDING

GOP Budget Busting 101​

Thread 'GOP Budget Busting 101'

Monday at 5:45 PM

OK People let's get to the topic of debt, how we got here ($39+ trillion) and how GOP policy vs Democratic policies influenced it.

If you don't want to bring actual facts or data, just stand off



From 1945 to 1980 the US debt to GDP was shrinking. Measuring the debt via GDP accounts for population growth and inflation, and it's how every credible economist or nation measures revenues and expenses



US debt to GDP ABOUT 119% IN 1945, THE HIGHEST EVER TO THAT TIME


US DEBT TO GDP IN 1980 was 31%

What were we hearing from the GOP at that time? Let's take a ;look at Ronnie...

• JonKoch
• Replies: 21
• Forum: Economy

• 
• 

DUBYA/GOP MEDICARE EXPANSION IN 2003 ALONE COSTS $230+ BILLION THIS YEAR, OF COURSE WITHOUT A SINGLE PENNY OF FUNDING

Why didn't Obama or Biden cut Medicare by $230+ billion a year?

 

[Hafar1014]

Why didn't Clinton, Obama or Biden raise rates to 70% using reconciliation?

Their solution was to print money and dump it in the economy

 

[Hafar1014]

LMAOROG. The old job creators myth huh?



The claim that increasing the minimum wage causes significant job losses is largely considered a myth in recent economic research, which often finds little to no detectable negative impact on employment for moderate increases. While conventional theory suggests higher labor costs reduce hiring, many studies indicate that increased wages do not lead to widespread job losses, but rather boost consumer spending and reduce employee turnover.

I see you never created business. I started 5 Look at facts not unsubstantiated claims.

California's $20 fast-food minimum wage, effective April 2024, has created significant debate over its impact on employment. While some studies suggest minimal overall employment impact, multiple reports indicate losses of 16,000 to 18,000 jobs, reduced employee hours, accelerated automation, and increased menu prices to cover higher labor costs.
Cato Institute +4
Key Impacts of California’s Fast-Food Wage Increase ($20/hr):

• Job Losses: Data suggests that as many as 16,000 to 18,000 jobs were lost in the fast-food sector following the enactment of the law, according to analyses from the Employment Policies Institute and researchers cited by the Cato Institute.
• Reduced Hours and Benefits: Reports show that nearly 90% of California fast-food workers surveyed experienced reduced work hours, and roughly 35% saw reductions in supplemental benefits.
• Increased Automation: Higher labor costs have pushed chains to invest in labor-replacement technology, such as AI ordering and robots, accelerating a shift away from human labor.
• Higher Prices: Restaurants have passed on costs to consumers, with studies showing a price increase of roughly 2.1% in the first two quarters following the policy change, as noted in a working paper from UC Berkeley.

 

[JonKoch]

Yes, Reagan was for it

But he was wrong

The money thrown at those women is largely wasted on gold teeth, big screen tv’s ect

But it is at least a bonanza for the retailers in the hood

Got it, you have your AmeriKKKKa first hat on today

 

[JonKoch]

DUBYA/GOP MEDICARE EXPANSION IN 2003 ALONE COSTS $230+ BILLION THIS YEAR, OF COURSE WITHOUT A SINGLE PENNY OF FUNDING

Why didn't Obama or Biden cut Medicare by $230+ billion a year?

Got it, you'll NEVER address the issue but whataboutism

NEXT

 

[JonKoch]

I see you never created business. I started 5 Look at facts not unsubstantiated claims.

California's $20 fast-food minimum wage, effective April 2024, has created significant debate over its impact on employment. While some studies suggest minimal overall employment impact, multiple reports indicate losses of 16,000 to 18,000 jobs, reduced employee hours, accelerated automation, and increased menu prices to cover higher labor costs.
Cato Institute +4
Key Impacts of California’s Fast-Food Wage Increase ($20/hr):

• Job Losses: Data suggests that as many as 16,000 to 18,000 jobs were lost in the fast-food sector following the enactment of the law, according to analyses from the Employment Policies Institute and researchers cited by the Cato Institute.
• Reduced Hours and Benefits: Reports show that nearly 90% of California fast-food workers surveyed experienced reduced work hours, and roughly 35% saw reductions in supplemental benefits.
• Increased Automation: Higher labor costs have pushed chains to invest in labor-replacement technology, such as AI ordering and robots, accelerating a shift away from human labor.
• Higher Prices: Restaurants have passed on costs to consumers, with studies showing a price increase of roughly 2.1% in the first two quarters following the policy change, as noted in a working paper from UC Berkeley.

LMAOROG.

Sure


Studies on California's $20 fast-food minimum wage (effective April 2024) are divided, with evidence showing both potential job losses and sustained employment. Research indicates a decline of nearly 18,000–19,000 jobs, while other studies claim no significant employment reduction and that restaurants added staff.

• Evidence of Job Loss: Research from the National Bureau of Economic Research and the Employment Policies Institute shows that fast-food jobs in California declined by roughly 2.7% to over 19,000 between late 2023 and late 2024, relative to national trends.

• Counter-Arguments: Conversely, studies from UC-Berkeley's Center on Wage and Employment Dynamics reported that the wage increase did not reduce overall fast-food employment, with many restaurants maintaining staff levels.

Two years later, Californians still don’t know full impact of the $20 fast food wage​

Researchers Michael Reich and Denis Sosinskiy declared that the $20 wage did not reduce fast food employment, didn’t change the number of hours worked and “only led to minimal menu price increases (about 8 cents on a $4 burger).” They said their study included price data from more than 2,000 restaurants in California and other states.

Five days later the Virginia-based Employment Policies Institute — which was created by Berman and Company, a lobbyist for restaurant, hotel beverage, tobacco and fossil fuel interests — issued its study based on data from the federal Bureau of Labor Statistics.

It concluded that California’s fast food industry has lost 19,102 jobs since Newsom signed the law in September 2023, including 15,988 since the law went into effect last year, more than double the rate of loss seen in fast food outlets nationally. It did not delve into fast food prices.

The two competing studies from less-than-objective sources leave us still wondering what the true impact might have been. It’s a knowledge gap that should be filled by someone or something with impeccable credentials because other business sectors might be the next targets.

Two years later, Californians still don't know full impact of the $20 fast food wage | Opinion

Fast food prices barely went up but jobs held steady after the wage increase, researchers in a union-friendly economic center wrote. But an industry-backed study said 19,000 jobs were lost.

calmatters.org

 

[JonKoch]

I see you never created business. I started 5 Look at facts not unsubstantiated claims.

California's $20 fast-food minimum wage, effective April 2024, has created significant debate over its impact on employment. While some studies suggest minimal overall employment impact, multiple reports indicate losses of 16,000 to 18,000 jobs, reduced employee hours, accelerated automation, and increased menu prices to cover higher labor costs.
Cato Institute +4
Key Impacts of California’s Fast-Food Wage Increase ($20/hr):

• Job Losses: Data suggests that as many as 16,000 to 18,000 jobs were lost in the fast-food sector following the enactment of the law, according to analyses from the Employment Policies Institute and researchers cited by the Cato Institute.
• Reduced Hours and Benefits: Reports show that nearly 90% of California fast-food workers surveyed experienced reduced work hours, and roughly 35% saw reductions in supplemental benefits.
• Increased Automation: Higher labor costs have pushed chains to invest in labor-replacement technology, such as AI ordering and robots, accelerating a shift away from human labor.
• Higher Prices: Restaurants have passed on costs to consumers, with studies showing a price increase of roughly 2.1% in the first two quarters following the policy change, as noted in a working paper from UC Berkeley.

Five days later the Virginia-based Employment Policies Institute — which was created by Berman and Company, a lobbyist for restaurant, hotel beverage, tobacco and fossil fuel interests — issued its study based on data from the federal Bureau of Labor Statistics.

Two years later, Californians still don't know full impact of the $20 fast food wage | Opinion

Fast food prices barely went up but jobs held steady after the wage increase, researchers in a union-friendly economic center wrote. But an industry-backed study said 19,000 jobs were lost.

calmatters.org

 

[JonKoch]

They are in democrat states and its all fraud especially in CA
California faces massive unemployment (EDD) fraud, with estimates surpassing $32.6 billion, largely stemming from pandemic-era claims and ongoing identity theft. Fraudsters use phishing and fake websites to steal data, while victims face stolen funds from EDD debit cards. Report fraud immediately to the EDD online or call 1-800-229-6297.
California Employment Development Department (.gov) +6
Key Aspects of California Unemployment Fraud

• Scale of Fraud: Over $32.6 billion in potential fraud is under investigation. While California recovered roughly $6 billion in fraudulent funds, investigations continue into organized crime, including cases involving drug trafficking.
• Common Scams:Fraudsters use text-based job offers, fake websites designed to steal credentials, and AI-powered voice/photo impersonation
  .
  • Identity Theft: Criminals use stolen personal information to file false claims, with victims often discovering this when they receive a "Notice of Potential Overpayment" or a fraudulent debit card.
  • EDD Response: The EDD uses specialized, improved systems for detecting fraud and has partnered with law enforcement to recover funds.
  • Penalties: Under California law, unemployment fraud can result in felony charges, with penalties including two, three, or five years in state prison and hefty

potential

 

[Hafar1014]

The wealth creators are fleeing CA in the face of the wealth tax. They have been replaced by illegals 50% on welfare, causing massive fraud and theft of social services and thousands of criminals. Newsom thinks he can run for president

 

[JonKoch]

The wealth creators are fleeing CA in the face of the wealth tax. They have been replaced by illegals 50% on welfare, causing massive fraud and theft of social services and thousands of criminals. Newsom thinks he can run for president

LMAOROG

 

[Toddsterpatriot]

Got it, you'll NEVER address the issue but whataboutism

NEXT

Poor helpless Dem presidents. Can't undo tax cuts. Waah.

 

[leftwinger]

THERE HASN'T BEEN A TAX CUT SINCE LBJ THAT BROUGHT IN MORE REVENUES THAN IF THEY WERE LEFT ALONE, VOODOO ECONOMICS


President Reagan's 1981 Economic Recovery Tax Act (ERTA) cut the top individual marginal tax rate from 70% to 50%. While total federal tax revenues increased in nominal dollars over the course of his presidency, studies indicate the initial 1981 cuts did not pay for themselves and contributed to higher federal deficits.



The 1981 cuts significantly reduced federal revenue. Estimates show that the cuts lowered revenue by about 9% in the first few years.

What we learned from Reagan's tax cuts | Brookings

David Wessel looks at what happened at Ronald Reagan cut tax rates in the '80s.

www.brookings.edu

NEWT? LOL

The Real Heroes of the 1998 Budget Surplus: Clinton and His Economy​

....Notice that legislation crafted by the GOP-led Congress had no net impact whatsoever on the 1998 balanced budget. But that isn’t quite fair. There were several bills passed by Gingrich’s Congress that did impact the budget projections for 1998. It’s just that—and pay attention to this next part— their combined effect was to increase the deficit that year.


Congress passed and Clinton signed a bill to reform the welfare system in late 1996.

That fall, Congress also passed a few other policy changes that had fiscal impacts. All together, these changes spurred CBO to lower its 1998 deficit projection by about $14 billion.


The following year Congress passed the so-called “Balanced Budget Act of 1997,” which is the very bill to which Newt Gingrich points when he tries to claim credit for 1998’s surplus. But the facts get in the way of Gingrich’s nice story.

Not So Fast, Newt

Newt Gingrich would love to claim credit for the 1998 budget surplus, but the facts show he had nothing to do with it, writes Michael Linden.

www.americanprogress.org

Got it. Still cutting & pasting from Lawerence O'Donnell MSNBC handbook on communism 101. Get off the boards toilet hands.

 

[Mac-7]

Got it, you have your AmeriKKKKa first hat on today

And your heart bleeds for fat black women and equally lazy white Karens

Fair enough

 

[leftwinger]

I pretty much agree with that. Here is what I don't like... The billionaire dies and gives a few billion to his kid. That kid, not only never has to work, but pays a lower income tax rate than a plumber

Oh really. What is the inheritance Tax rate? Why is the GOVT allowed to re-tax already taxed money? Then steal waste or lose it of course.

 

[Woodznutz]

MIDDLE AND LOWER? ARE YOU FKN NUTS?

• 
  
• Data Perspective: While the American Enterprise Institute (AEI) data shows this trend, this analysis points to a "K-shaped" economy where higher-income earners gain, while lower-income households may still face challenges.

Key Findings and Context

• • The Shift: The shrinking middle class is not shrinking due to widespread poverty, but because more households are moving up the income ladder.
  • 
    
  • Definition: AEI defines the upper-middle class as households earning roughly $153,864 TO $461,592
• Drivers: Key factors include rising dual-income families, higher educational attainment (especially among women), and long-term income gains.

Comparison: In 1979, only 10% of households fit this upper-middle-class bracket.



LOWER AND MIDDLE?

Don't feel bad. Even AI doesn't know the difference between wealth and currency.

 

[Woodznutz]

Why do (mostly) state and local governments hate poor people?

Because they are a pain in the ass.

 

[Concerned American]

I pretty much agree with that. Here is what I don't like... The billionaire dies and gives a few billion to his kid. That kid, not only never has to work, but pays a lower income tax rate than a plumber

Yeah and generational welfare families collect off of the public and never pay any taxes either. There are injustices everywhere, one doesn't make the other right. I learned early on that LIFE IS NOT FAIR---suck it up.

 

[leftwinger]

I gave a solution (answer). Stain so busy rushing to post attacks on Trump or the rich they won't even dispute or acknowledge it.

National property tax on costly homes. Make hollywood pay. Stain, they run.

 

[leftwinger]

Where do you get $2T per year out of "the rich" w/o tanking the GDP.

You cut into the $1T fraud, size assets. You cut interest rates to reduce the $1T paid debt cost. Just SHUP dog faces.