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

Right, must be because I'm jealous right? NOT that GOP policies the past 45 years gutted taxes on the richest, ramped up UNFUNDED spending under Ronnie, Dubya and Cheeto, AND removed obstacles like this

In 1982, the Securities and Exchange Commission (SEC) under President
Ronald Reagan passed Rule 10b-18, which established a "safe harbor" for corporations conducting stock buybacks. Before this, large-scale stock repurchases were often considered illegal stock manipulation.

Here are the key details regarding this change and its impact on corporate executives:
  • What was Rule 10b-18? Implemented in 1982, this rule provided a legal framework and safe harbor for corporations to buy back their own stock on the open market without fear of being investigated for market manipulation.

  • Impact on Executives: The rule allowed corporations to use company cash to purchase their own stock, which typically increases the value of remaining shares. This allowed executives, who often hold significant amounts of stock-based compensation, to increase their personal wealth.


  • Purpose of the Change: The move was part of the broader Reagan-era deregulation of the financial services industry, intended to encourage a more open and free market, reducing constraints on corporations.


  • Long-Term Criticism: Critics argue that this 1982 rule opened the door for "corporate greed," encouraging executives to spend money on boosting share prices—and their own pay—rather than investing in innovation, higher wages, or company expansion.
just a longer version of the "nothing" you previously posted...where is the calling for tax cuts for those you pretend were being treated unfairly?. As your reasoning becomes more and more transparent, they are suddenly no longer of any use to you.
 
Bush cant make Law. That is for the Legislative branch.

Mortgages went bad as you say 01'-07' Congress put in laws much earlier to allow it. BJ signed off. Repeal Glass-Stegall much?
Predatory Lenders' Partner in Crime

Predatory lending was widely understood to present a looming national crisis.

What did the Bush administration do in response? Did it reverse course and decide to take action to halt this burgeoning scourge?

Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye

In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative







CLINTON HUH? LMAOROG



WEIRD DUBYA'S GROUP DISAGREES WITH YOUR BS



From Bush's President's Working Group on Financial Markets October 2008

The Presidents Working Group's March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening 'of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007






WHAT TOOK SO LONG BUTTERCUP?
 
In CA "the rich" end up taxed well over 50% on Income alone.


If you make it much higher, they will not work for "income". They will switch to investments. Make that too high they will sit out or move (happening every day already).

KOCH is on COKE. They can wait you commee out because they is rich.
 
Both parties attempt to buy loyalty by crafting expensive programs. They also want to build dependence on them.
Weird, economists measure revenues and spending by the percentage of GDP, care to guess which 3 US Presidents the past 45 years POLICIES create the debt by reducing revenues AS they blew up spending?

Only Clinton, Obama and Biden handed the next guy a smaller deficit than the one they inherited


GOP Budget Busting 101​

 
In CA "the rich" end up taxed well over 50% on Income alone.


If you make it much higher, they will not work for "income". They will switch to investments. Make that too high they will sit out or move (happening every day already).

KOCH is on COKE. They can wait you commee out because they is rich.


LMAOROG. Yeah they aren't working for income today Buttercup, grow a brain
 
just a longer version of the "nothing" you previously posted...where is the calling for tax cuts for those you pretend were being treated unfairly?. As your reasoning becomes more and more transparent, they are suddenly no longer of any use to you.


Wow your reading comprehension is HORRIBLE. Where do I call for tax cuts? I'm not part of the CULT who "believes" you gut tax revenues and debt doesn't go up.

No we need too INCREASE TAX REVENUES, not gut them like the GOP

GOP Budget Busting 101​




,
 
In CA "the rich" end up taxed well over 50% on Income alone.


If you make it much higher, they will not work for "income". They will switch to investments. Make that too high they will sit out or move (happening every day already).

KOCH is on COKE. They can wait you commee out because they is rich.


LMAOROG

LINK? WE IN CALI HAVE THE MOST BILLIONAIRES AND MILLIONAIRES, MUST BE DOING SOMETHING RIGHT? The largest US economy, by far
 
LMAOROG. Yeah they aren't working for income today Buttercup, grow a brain


Then why scream to "raise the top rate" as you Stain do since I joined this bo a red. Make it 90% they beller.

As I repeat "it won't do you any good". You will collect 20%*GDP max (on AVG) very quickly. Try to get more, the situations will adjust.

Pound sand CheeseStain boys.
 
Then why scream to "raise the top rate" as you Stain do since I joined this bo a red. Make it 90% they beller.

As I repeat "it won't do you any good". You will collect 20%*GDP max. On AVG very quickly. Try to get more, the situations will adjust.

Pound sand CheeseStain boys.
F/Y 1980, CARTER'S FINAL F/Y - 19.2% of GDP, with total receipts of $517.1 billion. The total federal outlays (spending) for the same period was 21.2% of GDP


1981 F/Y - Carter's last year - 19.1% GDP revenues


1982- Reagan FIRST YEAR 18.6%
1983- Reagan 17%
1984- Reagan 16.9%
1985- Reagan 17.2%
1986- Reagan 17%
1987- Reagan 17.9%
1988- Reagan 17.7% (Cut taxes from top rate of 50% the US had since LBJ, to 28%, LARGEST TAX CUT FOR THE RICH TO DATE)
1989- Reagan 17.8%
Let's bypass that serial tax increaser, Poppy Bush for now and go to the best conservative Prez since Ike, BJ Bill


  • Total Federal Debt (1993): ~$4.351 trillion (at fiscal end).
  • Debt-to-GDP Ratio (1993): ~64.0%.
Wait, was Poppy a secret proliferate spender?



"During George H.W. Bush’s presidency (1989–1993), the U.S. national debt rose by approximately $1.55 trillion, representing a 54% increase over his four-year term. He inherited a large deficit from the Reagan administration and faced a struggling economy, which, along with the savings and loan bailout, contributed to this rapid debt growth."



Oh right that "great economy the Gipper "built"



All right BJ Bill Clinton takes over the US and debt to GDP was 64%



Poppy had 17% of GDP in revenues his final F/Y (1993) October 1, 1992 to September 30, 1993


1994- Clinton first year - 17.5% GDP revenues
1995- Clinton 17.9%
1996- Clinton 18.3%
1997- Clinton 18.7%
1998- Clinton 19.3% (First Clinton BUDGET surplus)
1999- Clinton 19.3% (Second Clinton surplus)
2000- Clinton 20% (Third Clinton surplus)
2001- Clinton 18.9% (Fourth Clinton surplus)
How did BJ BILL CLINTON, take US from

  • Debt-to-GDP Ratio (1993): ~64.0%. TO JUST 54.7% IN F/Y 2001


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So, in other words, you can provide and save for your family ... but not too much. Because if you want people to have the opportunity to succeed, why would you turn around and "punish" their families because somebody did their assignment much better than other people?
You say 'punish', I say put a cap on the lottery they won. If they can't scrape by on a few million and the best education available, I don't feel sorry for them.
 
Bush cant make Law. That is for the Legislative branch.

Mortgages went bad as you say 01'-07' Congress put in laws much earlier to allow it. BJ signed off. Repeal Glass-Stegall much?
Bush was president when he preempted all state laws against predatory lending. he was president when he relaxed the net capital rule for investment banks. hey, how's that explanation of how the repeal of GS is coming affected mortgage lending standards coming? .


NOT 2001-2007 CUPCAKE, DUBYA GROUP SAID


From Bush' President's Working Group on Financial Markets October 2008

"The Presidents Working Group's March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007."
 
The basic fiscal problem in Washington for decades has been the Democrats' unconstitutional campaign to buy votes with tax dollars. Starting in the FDR years, the Tenth Amendment was gradually rendered "dead letter law" as one unconstitutional program after another was introduced, making more and more Americans dependent on Federal handouts. NONE of these programs, whether they be food, housing, education, or healthcare has any backing in the First Amendment, from which Congress derives the "powers" to spend our money.

When Republicans gain power in Congress they are attacked every time they try to scale back or eliminate the unconstitutional programs, making it politically impossible to "right the ship of State."

The latest fiasco is illustrative: Democrats hatched a plan to subsidize health insurance premiums, to hide the total failure of ObamaCare to hold down health insurance costs. Ignoring the greater perversity of ACA itself, Congress had NO POWER to create or pay these subsidies, and as Republicans try to take them away, it is portrayed as BETRAYING THE AMERICAN PEOPLE to stop doing something that never should have been done in the first place.

It is a perverse world indeed when someone who seeks to compel Congress to stay within its legitimate powers (e.g., Chip Roy) is considered a right-wing extremist.
 
You say 'punish', I say put a cap on the lottery they won. If they can't scrape by on a few million and the best education available, I don't feel sorry for them.


Who are you people to decide a Lifetime of already Taxed funding used to grow a 50 year farm or company cant be given over to new management with profits to re-invest.

$1T Tesla cant be given to his kids? Tesla or anazon or Trump industries must be disbanded because you don't like it?
 
15th post
US founders generally viewed inherited wealth with skepticism, fearing it would create an aristocracy and undermine equality, famously stating, “The Snowball will grow as it rolls” (John Adams). They favored meritocracy, with Jefferson advocating for taxes on wealth to reduce inequality and prevent the "perpetuation of wealth and power" in families.
  • John Adams (1814): “As long as Property exists, it will accumulate in Individuals and Families. Accumulations of it will be made, the Snowball will grow as it rolls”. Adams feared a return to European-style class structures.

  • Thomas Jefferson: Warned that without safeguards, the government would be corrupted, leading to the "perpetuation of wealth and power in individuals and their families". He supported the abolition of feudal inheritance laws (primogeniture) in Virginia to prevent the concentration of wealth.

  • Gouverneur Morris: At the 1787 Constitutional Convention, he argued that “Wealth tends to corrupt the mind & to nourish its love of power, and to stimulate it to oppression”.

  • John Hancock: Represented the practical side of inherited wealth, inheriting a massive mercantile business, which he managed while noting "money some way or other goes very fast".

  • Property Rights vs. Inheritance: Founders generally defended the right to acquire property, but some, like Jefferson, considered it necessary to prevent the excessive concentration of wealth that threatened a republic.

  • Meritocracy: They generally preferred a "natural aristocracy" based on talent and virtue rather than an artificial one based on wealth


At the end of the day, how many of them passed down to their children after things were passed down to them?

John Hancock didn't have any kids that lived past 9. I think his wife got

John Adams passed his inheritance to his daughter, who then passed it on to John Quincy Adams.

Thomas Jefferson's daughter inherited the debt amassed by him.
 
Wow your reading comprehension is HORRIBLE.
You must be shaving or brushing your teeth
Where do I call for tax cuts?
You don't, that is what you are being accused of genius
I'm not part of the CULT who "believes" you gut tax revenues and debt doesn't go up.
TRANSLATION: "all I care about is other peoples money"
No we need too INCREASE TAX REVENUES,
and that would best be done by encouraging spending for goods even/especially when it comes to tax incentives
not gut them like the GOP
that seems to be what's really driving your rant.
 
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You say 'punish', I say put a cap on the lottery they won. If they can't scrape by on a few million and the best education available, I don't feel sorry for them.
In other words, you believe that Karl Marx was right when he said, "from each according to his abilities, to each according to his needs". I do sorry for people who have that kind of thinking. More often than not, those who espouse those views are people who follow the view that they don't mind therefore it doesn't matter.
 
Who are you people to decide a Lifetime of already Taxed funding used to grow a 50 year farm or company cant be given over to new management with profits to re-invest.
It is not the kids who paid those taxes.

$1T Tesla cant be given to his kids? Tesla or anazon or Trump industries must be disbanded because you don't like it?
Those are publicly traded companies, I think, so they will endure. Tens of thousands of jobs depend on those companies, should they be run by a mentally ill sociopath just because he is related to the founder?
 
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