The national debt is 19.3 trillion dollars. How do we fix it?

[OnePercenter]

Reality check:

* The top 1% pay 45% of all federal income taxes, in addition to what they pay in state and county taxes.

Top 1% pay nearly half of federal income taxes

The top 1%, also own 85% of the country's assets. So if you ask me, they should pay 85% of the taxes.

NOW CUT THAT OUT!!!!!!

The feeble minded are trying to make a point that the rich and wealthy are better than the middle class.

 

[Toddsterpatriot]

We fix it by focusing on the real reason for the debt.
-Wars
-Nation building in the middle east
-Massive tax breaks for the super rich
-Our broken healthcare system.

Reality check:

* The top 1% pay 45% of all federal income taxes, in addition to what they pay in state and county taxes.

Top 1% pay nearly half of federal income taxes

And the 10% pay 68% of all federal income taxes, in addition to what they pay in state and county taxes.

Top 10 Percent of Earners Paid 68 Percent of Federal Income Taxes

* Our "broken healthcare system" continues to attract people from all over the world who come here to get care they can't get in any other country. End Obamacare and introduce free market principles again into healthcare and our healthcare system will be even better.

I agree with you about the wars and nation building.

There are several federal agencies that sprung up in the modern era, are not constitutional, and are a waste of money, such as the departments of education, commerce, and transportation. End those programs, and you'll save over $100 billion a year right there.

* The top 1% pay 45% of all federal income taxes, in addition to what they pay in state and county taxes.

Top 1% pay nearly half of federal income taxes

And the 10% pay 68% of all federal income taxes, in addition to what they pay in state and county taxes.

Top 10 Percent of Earners Paid 68 Percent of Federal Income Taxes

Reality check

1% of $1M is more than 1% of $50k

I can guarantee to you that the rich and wealthy paid less percentage of total income in federal taxes than you did.

* Our "broken healthcare system" continues to attract people from all over the world who come here to get care they can't get in any other country. End Obamacare and introduce free market principles again into healthcare and our healthcare system will be even better.

Our extremely over-priced healthcare today is because of.....wait for it.....deregulation of the HMO act by Reagan.

I can guarantee to you that the rich and wealthy paid less percentage of total income in federal taxes than you did.

Cool. First, define all your terms. Let's hear the income levels for all your claims.

 

[rightwinger]

So the money is there, we just don't want to use it

You just admitted you want to expropriate all the wealth of every American.

I didn't start the thread...

Just pointing out the money is there, we just refuse to spend it on debt

The wealthy stole that money fair and square. How dare you suggest that it could be used to solve some of our most pressing problems.

And that's the crux of the problem

Wealth is off the table, we rely on income only and the wealthy are not dumb enough to report much income

They manage to report enough income that the top 10% pay more than 2/3rds of all Federal Income taxes.

You know why they call it an income tax don't you?

They pay that much because they make so much more ******* income than the rest of us

 

[rightwinger]

The only thing that will "fix" the debt is to increase Economic Growth via Productivity. Get rid of ineffective laws, regulations and tax policies...ineffective being defined as ones that inhibit growth.

The Grumpy Economist: Economic Growth

And just wait for all those jobs and prosperity to come on trickling down

 

[Toddsterpatriot]

You just admitted you want to expropriate all the wealth of every American.

I didn't start the thread...

Just pointing out the money is there, we just refuse to spend it on debt

The wealthy stole that money fair and square. How dare you suggest that it could be used to solve some of our most pressing problems.

And that's the crux of the problem

Wealth is off the table, we rely on income only and the wealthy are not dumb enough to report much income

They manage to report enough income that the top 10% pay more than 2/3rds of all Federal Income taxes.

You know why they call it an income tax don't you?

They pay that much because they make so much more ******* income than the rest of us

They earn about 45% of all income, pay about 68% of all Federal Income tax.

 

[OnePercenter]

Cut all welfare benefits in half......

Or else raise taxes on those making over $1 million a year by half of a percent

You could take all of their money and it still will not cover what's coming.

Total nonsense

Our wealthy have over $75 trillion dollars

Our wealthy don't remotely have anything approaching that amount.

Our wealthy don't remotely have anything approaching that amount.

In the big picture I'm a small fish at $420M, so $75T is probably close to correct.

 

[rightwinger]

I didn't start the thread...

Just pointing out the money is there, we just refuse to spend it on debt

The wealthy stole that money fair and square. How dare you suggest that it could be used to solve some of our most pressing problems.

And that's the crux of the problem

Wealth is off the table, we rely on income only and the wealthy are not dumb enough to report much income

They manage to report enough income that the top 10% pay more than 2/3rds of all Federal Income taxes.

You know why they call it an income tax don't you?

They pay that much because they make so much more ******* income than the rest of us

They earn about 45% of all income, pay about 68% of all Federal Income tax.

And control 80% of the wealth

You tax where the money is and it ain't with the lower 50% of Americans

 

[bripat9643]

You just admitted you want to expropriate all the wealth of every American.

I didn't start the thread...

Just pointing out the money is there, we just refuse to spend it on debt

The wealthy stole that money fair and square. How dare you suggest that it could be used to solve some of our most pressing problems.

And that's the crux of the problem

Wealth is off the table, we rely on income only and the wealthy are not dumb enough to report much income

They manage to report enough income that the top 10% pay more than 2/3rds of all Federal Income taxes.

You know why they call it an income tax don't you?

They pay that much because they make so much more ******* income than the rest of us

Government doesn't give them their income. They earn it.

 

[bripat9643]

The wealthy stole that money fair and square. How dare you suggest that it could be used to solve some of our most pressing problems.

And that's the crux of the problem

Wealth is off the table, we rely on income only and the wealthy are not dumb enough to report much income

They manage to report enough income that the top 10% pay more than 2/3rds of all Federal Income taxes.

You know why they call it an income tax don't you?

They pay that much because they make so much more ******* income than the rest of us

They earn about 45% of all income, pay about 68% of all Federal Income tax.

And control 80% of the wealth

You tax where the money is and it ain't with the lower 50% of Americans

That's the moral code of a thief. Why do they burgle the houses of the rich and not the poor? Because that's where the money is.

 

[rightwinger]

I didn't start the thread...

Just pointing out the money is there, we just refuse to spend it on debt

The wealthy stole that money fair and square. How dare you suggest that it could be used to solve some of our most pressing problems.

And that's the crux of the problem

Wealth is off the table, we rely on income only and the wealthy are not dumb enough to report much income

They manage to report enough income that the top 10% pay more than 2/3rds of all Federal Income taxes.

You know why they call it an income tax don't you?

They pay that much because they make so much more ******* income than the rest of us

Government doesn't give them their income. They earn it.

Yes, I know
That's why they call it "earned income"

 

[bripat9643]

Cut all welfare benefits in half......

Or else raise taxes on those making over $1 million a year by half of a percent

You could take all of their money and it still will not cover what's coming.

Total nonsense

Our wealthy have over $75 trillion dollars

Our wealthy don't remotely have anything approaching that amount.

Our wealthy don't remotely have anything approaching that amount.

In the big picture I'm a small fish at $420M, so $75T is probably close to correct.

$420 million?

Is that the size of your toothpick collection?

 

[bripat9643]

The wealthy stole that money fair and square. How dare you suggest that it could be used to solve some of our most pressing problems.

And that's the crux of the problem

Wealth is off the table, we rely on income only and the wealthy are not dumb enough to report much income

They manage to report enough income that the top 10% pay more than 2/3rds of all Federal Income taxes.

You know why they call it an income tax don't you?

They pay that much because they make so much more ******* income than the rest of us

Government doesn't give them their income. They earn it.

Yes, I know
That's why they call it "earned income"

Then what makes you think you're entitled to any of it?

 

[rightwinger]

And that's the crux of the problem

Wealth is off the table, we rely on income only and the wealthy are not dumb enough to report much income

They manage to report enough income that the top 10% pay more than 2/3rds of all Federal Income taxes.

You know why they call it an income tax don't you?

They pay that much because they make so much more ******* income than the rest of us

Government doesn't give them their income. They earn it.

Yes, I know
That's why they call it "earned income"

Then what makes you think you're entitled to any of it?

Because it's a law and in the constitution

Any other questions?

 

[bripat9643]

They manage to report enough income that the top 10% pay more than 2/3rds of all Federal Income taxes.

You know why they call it an income tax don't you?

They pay that much because they make so much more ******* income than the rest of us

Government doesn't give them their income. They earn it.

Yes, I know
That's why they call it "earned income"

Then what makes you think you're entitled to any of it?

Because it's a law and in the constitution

Any other questions?

So Hitler was entitled to the gold he took out of the teeth of the Jews he shoved into gas ovens?

 

[Toddsterpatriot]

The wealthy stole that money fair and square. How dare you suggest that it could be used to solve some of our most pressing problems.

And that's the crux of the problem

Wealth is off the table, we rely on income only and the wealthy are not dumb enough to report much income

They manage to report enough income that the top 10% pay more than 2/3rds of all Federal Income taxes.

You know why they call it an income tax don't you?

They pay that much because they make so much more ******* income than the rest of us

They earn about 45% of all income, pay about 68% of all Federal Income tax.

And control 80% of the wealth

You tax where the money is and it ain't with the lower 50% of Americans

And?

 

[9aces]

Cut all welfare benefits in half......

Or else raise taxes on those making over $1 million a year by half of a percent

You could take all of their money and it still will not cover what's coming.

Total nonsense

Our wealthy have over $75 trillion dollars

Our wealthy don't remotely have anything approaching that amount.

Our wealthy don't remotely have anything approaching that amount.

In the big picture I'm a small fish at $420M, so $75T is probably close to correct.

Well if that's true, and I doubt anyone believes it. Give 300 million away. Leaves you with 120M, which is plenty right?

 

[rightwinger]

You know why they call it an income tax don't you?

They pay that much because they make so much more ******* income than the rest of us

Government doesn't give them their income. They earn it.

Yes, I know
That's why they call it "earned income"

Then what makes you think you're entitled to any of it?

Because it's a law and in the constitution

Any other questions?

So Hitler was entitled to the gold he took out of the teeth of the Jews he shoved into gas ovens?

Actually, no, he wasn't

But a constitutionally elected government is allowed to collect taxes

 

[Rustic]

Government doesn't give them their income. They earn it.

Yes, I know
That's why they call it "earned income"

Then what makes you think you're entitled to any of it?

Because it's a law and in the constitution

Any other questions?

So Hitler was entitled to the gold he took out of the teeth of the Jews he shoved into gas ovens?

Actually, no, he wasn't

But a constitutionally elected government is allowed to collect taxes

Without representation??

 

[leftwinger]

Good news: We have $116 trillion in assets which comes to $360,000 per person

Where are these $116T assets? who/how do you liquidate them to? If I liquidate my assets why should the FED get any of it? States? why? I already paid my taxes, every year on earned income.

 

[bripat9643]

You could take all of their money and it still will not cover what's coming.

Total nonsense

Our wealthy have over $75 trillion dollars

Our wealthy don't remotely have anything approaching that amount.

Actually, they do

U.S. National Debt Clock : Real Time

$83 trillion in household assets

That's EVERY person in the country moron. Not to mention if you take it from them WHO WILL BUY IT??? If you did a fire sale like that you'd be amazing lucky to get 10 cents on the dollar. Which btw would also become suddenly worthless.

So the money is there, we just don't want to use it

In other words, the government hasn't decided to expropriate our wealth yet. And you claimed no one ever advocated that.