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

[JonKoch]

That is offset by the fact that there are many times more workers than CEOs, thus more total money is in the hands of the workers than the CEOs.

Gawd you guys are insane

 

[Toddsterpatriot]

Property taxes huh? LOL


If they've never paid a penny of taxes on that equity when it passes to the kids, See Cheeto and his family as examples, yeah it's free money

Money I earn and pay taxes on and invest and pay taxes on again and pass to my kids isn't free money.

Sorry that you still live in your mom's basement.

 

[Fort Fun Indiana]

I don't care about what is fair.

I just think that we are a rich enough country to clothe and shelter and provide Healthcare for all.

And free tuition and daycare.

 

[Toddsterpatriot]

Sure, more right wing myths

Carter 9+ million jobs in 4 years to 14 million to Ronnie in 8, the US went into a recession AFTER Ronnie gutted taxes on the richest, the opposite of what he said would happen, unemployment hit a post GOP great depression high of 10.8% under Ronnie, and I believe it was 28 months before it dropped to under 8%


THE MYTH OF RONNIE WAS CREATED

The "Reagan Myth"—the idealized image of Ronald Reagan as a transformative, fiscally conservative giant who single-handedly won the Cold War and saved the American economy—was consciously developed and promoted by conservative activists starting in the mid-1990s, particularly in response to Bill Clinton's political success.
Key elements and context of this creation, often associated with activist Grover Norquist, include:

• The Catalyst: Clinton’s Success and Historiographical Lows: By 1997, after Bill Clinton was re-elected and a 1996 Arthur Schlesinger Jr. survey rated Reagan’s presidency as "below average," conservative thinkers felt Reagan’s legacy was slipping away.

• The Reagan Legacy Project (1997): Grover Norquist, a prominent anti-tax crusader, launched this initiative to combat the prevailing historical view of Reagan as mediocre. The project’s goal was to name a public site or monument—such as airports, roads, or buildings—after Reagan in every U.S. county.

• Contending for the Past: Norquist explicitly stated that to win future political battles, conservatives needed to win the fight for public perception of the past.

• The "Myth" vs. The "Man": Critics, such as author Will Bunch ("Tear Down This Myth"), argue that the manufactured, heroic figure of Reagan does not match the actual, more complex president who significantly increased government spending, ballooned the national debt, and raised taxes when necessary.

Carter 9+ million jobs in 4 years to 14 million to Ronnie in 8,

16-20 million under Reagan.

the US went into a recession AFTER Ronnie gutted taxes on the richest,

Had to kill the stagflation Carter left him.

 

[Toddsterpatriot]

Executive pay has skyrocketed largely due to compensation packages being increasingly tied to stock options and equity-based awards,

Thanks Clinton!

 

[leftwinger]

$39T missing wasted or stolen? THX Obiden 1.0 + Corrupt Congress. It was ~9.5T thru 2008. Open floodgates much?

 

[JonKoch]

Money I earn and pay taxes on and invest and pay taxes on again and pass to my kids isn't free money.

Sorry that you still live in your mom's basement.

Money you invest and never paid taxes on the CREATED EQUITY, has never been taxed and is free money to your kids if they inherit and use step up basis



ADU unit not her basement, get it right.

 

[JonKoch]

$39T missing wasted or stolen? THX Obiden 1.0 + Corrupt Congress. It was ~9.5T thru 2008. Open floodgates much?

GOP policies like UNFUNDED wars, UNFUNDED Medicare expansion, cheering on the Banksters subprime ponzi scheme and ignoring scientists on covid, is expensive, especially added to UNFUNDED tax cuts and an aging population

• Rising Costs: Retirees (65+) represent 38.6% of total outlays ($2,708.6 billion), a share that has increased as the baby boomer generation retires.

• Major Programs: Social Security and Medicare are the primary drivers of increased spending as a share of GDP.

• Increased Beneficiaries: A 2.5% rise in OASDI beneficiaries and significant cost-of-living adjustments (8.7% in 2023) have driven up Social Security costs.

• Medical Spending: Federal spending on Medicare/Medicaid has increased due to rising benefit expenses and aging, with an estimated $116.1 billion increase for HHS in 2023 alone, largely for these programs.

 

[JonKoch]

Carter 9+ million jobs in 4 years to 14 million to Ronnie in 8,

16-20 million under Reagan.

the US went into a recession AFTER Ronnie gutted taxes on the richest,

Had to kill the stagflation Carter left him.

OPEC HUH?


The 1979 energy crisis, fueled by OPEC production cuts and the Iranian revolution, significantly severely damaged the Carter administration, directly contributing to high inflation, economic recession, and a severe drop in public approval. The crisis, characterized by long lines at gas stations and skyrocketing prices, crippled Carter's political standing and fueled his 1980 election loss.




Job creation: Carter, he averaged 211,000 jobs per month in office. By contrast, Reagan averaged 170,000. Carter had the second best monthly job creation average of any president with only Bill Clinton besting him at 237,000 per month.



Reagan lambasted Carter on deficits. Yet, Carter significantly outperformed Reagan on the metrics of both lower federal deficits (nominal) and percent of GDP deficits comprised (real)


The result was that during a period of economic crisis when government deficits typically soar, Carter held deficits as a percent of GDP steady instead of rising. Deficits to GDP were 2.6% when Carter came to office in 1977, notched down to 1.6% in 1978 and rose to 2.6% in his last year in the White House. By contrast, Reagan roughly tripled the national debt in his 8 years in office, with deficits as a percent of GDP starting in 1982 at 3.9% and thereafter at 5.9%, 4.7%, 5%, 4.9%, 3.1% and 3% in 1988. In fact, Reagan produced the largest annual deficits (averaged) as a percent of GDP of all Presidents in the post-WW II era up to the 2008 Financial Crisis.




RONNIE, LIKE DUBYA AND DEMENTIA DONNIE, LOVE GOV'T SPENDING WHILE GUTTING TAXES, BOTH JUICE THE NUMBERS!

 

[JonKoch]

Thanks Clinton!

Ronnie allowed it, thank him

 

[Concerned American]

US DEBT TO GDP FELL UNDER CLINTON, THEN THE GOP TOOK FULL CONTROL IN 2001, $34+ TRILLION DEBT SINCE. GOP STARVE THE BEAST POLICIES, GUTTING REVENUES AS THEY BLOW UP SPENDING

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

• 
• 

The national debt in Feb. 1993 was $4.35T . The debt in Feb. 2001 was $5.77T. That is an increase of over a trillion dollars. Clinton also presided over significant TAX increases including nearly a 40% tax on the top 1.2% of earners. Again, check your BS partisanship.

 

[Concerned American]

The U.S. national debt officially surpassed $1 trillion for the first time on October 22, 1981, early in President Ronald Reagan’s first term.

Thanks for confirming my post. That debt belonged to Carter, fool.

 

[Concerned American]

Ronnie allowed it, thank him

Reagan left office in 1989. Clinton took office after RINO "NO NEW TAXES" Bush. Please keep up.

 

[leftwinger]

OPEC HUH?


The 1979 energy crisis, fueled by OPEC production cuts and the Iranian revolution, significantly severely damaged the Carter administration, directly contributing to high inflation, economic recession, and a severe drop in public approval. The crisis, characterized by long lines at gas stations and skyrocketing prices, crippled Carter's political standing and fueled his 1980 election loss.




Job creation: Carter, he averaged 211,000 jobs per month in office. By contrast, Reagan averaged 170,000. Carter had the second best monthly job creation average of any president with only Bill Clinton besting him at 237,000 per month.



Reagan lambasted Carter on deficits. Yet, Carter significantly outperformed Reagan on the metrics of both lower federal deficits (nominal) and percent of GDP deficits comprised (real)


The result was that during a period of economic crisis when government deficits typically soar, Carter held deficits as a percent of GDP steady instead of rising. Deficits to GDP were 2.6% when Carter came to office in 1977, notched down to 1.6% in 1978 and rose to 2.6% in his last year in the White House. By contrast, Reagan roughly tripled the national debt in his 8 years in office, with deficits as a percent of GDP starting in 1982 at 3.9% and thereafter at 5.9%, 4.7%, 5%, 4.9%, 3.1% and 3% in 1988. In fact, Reagan produced the largest annual deficits (averaged) as a percent of GDP of all Presidents in the post-WW II era up to the 2008 Financial Crisis.




RONNIE, LIKE DUBYA AND DEMENTIA DONNIE, LOVE GOV'T SPENDING WHILE GUTTING TAXES, BOTH JUICE THE NUMBERS!






View attachment 1241846

Complete nonsense. Deep State cause disaster then you credit those going back to work when the dust settles as Job Creation. You might fool the NCG LBGTQ gang but not brain power like me.

You appear foolish Lawrence O'Donnell Socialist primer 101. Get off the boards you dumb OX

 

[Concerned American]

The U.S. national debt officially surpassed $1 trillion for the first time on October 22, 1981, early in President Ronald Reagan’s first term.


1981 F/Y - Carter's last year - 19.1% GDP revenues (Ronnie gutted taxes August 1981)


1982- Reagan FIRST YEAR 18.6%
1983- Reagan 17%
1984- Reagan 16.9% GDP REVENUES

Inflation at the end of Ronald Reagan's term in 1988 was 4.1%. This marked a significant decrease from the 13.5% inflation rate when he took office in 1981. Next.

 

[Concerned American]

The 1979 energy crisis, fueled by OPEC production cuts and the Iranian revolution, significantly severely damaged the Carter administration, directly contributing to high inflation, economic recession, and a severe drop in public approval.

The 1970s energy crisis occurred between 1973 and 1980, triggered by the 1973 oil crisis and the 1979 oil crisis. The 70s were marked by inflation (Remember Ford's WIN, Whip Inflation Now) and oil crises. Next. You're real good at throwing BS excuses around, but no show of solutions. Check your partisanship, junior.

 

[EvilCat Breath]

Taxing the weathy doesn't mean anything and even the poorest of the retarded know it. What the left wants is equality of income. If a janitor makes $60,000 a year, that's what the CEO should make also. Take everything above that $60,000 as taxes THAT'S the fair share. Everything else is just a lie.