This is why we need to tax the wealthy

[SweetTea]

I don’t understand what you want me to say about the stimulus. I think the one under both Trump and Biden was very beneficial and did stimulate the economy through consumer demand. Why you think i disliked those policies i do not know.

My question is simple regarding the stimulus. Do you not think that it helped to increase tax revenue by increasing GDP? If so, why would lowering taxes not have the same effect?

 

[Nostra]

We are the only modern country with a flat tax system

 

[SweetTea]

The subject is FEDERAL INCOME TAXES.

Property Tax is not a wealth tax. It is a local tax to pay for police, fire, schools, local parks, and many other local services.

Cool, then lets stick with federal income taxes. The higher the tax bracket, the higher the average marginal rate. That is a fact. Glad we cleared that up.

 

[Mashmont]

We are the only modern country with a flat tax system since it is a disastrous giveaway to the rich... everyone in the world knows it but GOP dupes....So we have the worst inequality, poverty and homelessness ever, dupe.

Why would anybody waste their lives being envious of anyone else? That's what I've never understood.

 

[SweetTea]

Because now they have the vast majority of income, dupe. Worst inequality poverty and homelessness ever. By far

They pay a higher percentage of their incomes, on average, to federal income tax. What don't you understand?

 

[Billy000]

My question is simple regarding the stimulus. Do you not think that it helped to increase tax revenue by increasing GDP? If so, why would lowering taxes not have the same effect?

Yes it likely did increase revenue but the effect it would have would not be enough to offset the kinds of tax cuts republicans pass. Not even close.

 

[Nostra]

Yes it likely did increase revenue but the effect it would have would not be enough to offset the kinds of tax cuts republicans pass. Not even close.

Revenues go up after Republican across the board tax cuts, Simp.

 

[SweetTea]

Yes it likely did increase revenue but the effect it would have would not be enough to offset the kinds of tax cuts republicans pass. Not even close.

But naturally any increase in revenue would be correlated to the amount of extra money people have, whether by gift or by tax cut. If the stimulus had been twice as large, would we have seen a bigger impact on tax revenue and GDP? I recognize that there is a breaking point, but raising taxes does not stimulate the economy at all and only increases revenue in the short term.

I guess the bigger point here is that you believe taxes should be higher, but how high is high enough not to break the economy? I believe taxes should be lower, but how low is low enough not to decrease tax revenue?

 

[Ghost of a Rider]

We are the only modern country with a flat tax system since it is a disastrous giveaway to the rich... everyone in the world knows it but GOP dupes....So we have the worst inequality, poverty and homelessness ever, dupe.

I don't think that's true that we have a flat tax system.

 

[francoHFW]

They pay a higher percentage of their incomes, on average, to federal income tax. What don't you understand?

I understand perfectly,dingbat. Why don't you understand it is our only progressive tax and used as propaganda for the dupes. Payroll tax property tax etc etc hit the non rich at least twice as hard.... flat tax system

 

[francoHFW]

I don't think that's true that we have a flat tax system.

Think again, dupe. Your propaganda is pure crap.

 

[Ghost of a Rider]

I already told you why I justify that. It’s because it’s what realistic for the economy.

That's not justification, that's singling out people who happen to make more money than you.

Even if we severely cut government spending across the board, we would still need 100s of dollars every year in revenue. How do you propose we get that if we don’t tax the rich?

We are taxing the rich.

It’s just a necessity. Like seriously, how exactly do you propose we get all that revenue otherwise?

Start with cutting spending.

We have the highest GDP of any country and we are the most prosperous country in the world. There is no reason whatsoever to have the deficit we have.

You guys always think this comes down to personal feelings when it comes to liberals talking about this stuff. You have this delusion that we are all bitter and jealous of rich people so we want to take them down a peg. It’s ridiculous you think it comes down to that. I think rich people are a vital part of the economy in general outside of taxing them. We need rich people to make capitalism work and I don’t have a problem with that.

Yet you want to treat them unfairly where taxes are concerned.

 

[SweetTea]

I understand perfectly,dingbat. Why don't you understand it is our only progressive tax and used as propaganda for the dupes. Payroll tax property tax etc etc hit the non rich at least twice as hard.... flat tax system

So take that up with your state and local governments. Also, I disagree that property tax hits harder on poor people. It could, if they had high valued property relative to their income, but that is not typically the case. As far as state income taxes, 22 states have a progressive state income tax system.

 

[Markle]

Cool, then lets stick with federal income taxes. The higher the tax bracket, the higher the average marginal rate. That is a fact. Glad we cleared that up.

 

[Markle]

Yes it likely did increase revenue but the effect it would have would not be enough to offset the kinds of tax cuts republicans pass. Not even close.

 

[Billy000]

That's not justification, that's singling out people who happen to make more money than you.


We are taxing the rich.


Start with cutting spending.

We have the highest GDP of any country and we are the most prosperous country in the world. There is no reason whatsoever to have the deficit we have.

Yet you want to treat them unfairly where taxes are concerned.

There is an obvious reason why we have a big deficit. It’s both tax cuts and spending. The revenue solely from GDP is not nearly enough to provide that. Since you don’t have a viable option that doesn’t involve taxing the wealthy with a higher percentage, that is what we are stuck with. It doesn’t matter if you like it. Your feelings do not matter. It’s just the truth.

 

[noonereal]

Billionaires Are Hoarding Trillions in Untaxed Wealth. They Want the Supreme Court to Keep It That Way

A new report from Americans for Tax Fairness found that America’s richest families accumulated $8.5 trillion in untaxed capital gains in 2022

www.yahoo.com

TRILLIONS in untaxed wealth. Good luck explaining this to republicans I guess. You have to explain the difference between the official tax rate and the EFFECTIVE tax rate of top earners.

But, but, but, they earned it.

Morons

 

[BluesLegend]

Well after 78 pages the 'rich' still have all their wealth. Did it at least make the mooching dead weight losers feel better ranting about taxing the 'rich'?

 

[beagle9]

You leave out the incentive to work that gets lost in these games being played.

The incentive to work is to eat, have housing..etc. Everyone who can work, and isn't of advanced age, in retirement, or suffering from a serious debilitating illness or handicap, must work. The only people who have the luxury of being young and healthy, and not working are the rich. Those who have amassed enough capital by one way or another, allowing them to no longer labor for their food, housing..etc. Most people aren't in that position, they must work to eat and have a roof over their heads.

If you pay people more than they are worth, then you create entitlement which opens Pandora's box.

What or who determines what human beings are worth? Society. You want to conveniently leave the appraisal of human worth to invisible, chaotic, irrational capitalist markets, which are always manipulated by the masters of capital, namely capitalists. That's a little bit too, let's say....convenient.

Society, the community, determines whether human beings have the right, to be housed (at least with some basic housing), fed, employed, treated medically (healthcare), receive an education (including vocational job training. etc), among other services. Any society can decide for itself whether it wants its government providing certain services, resources, infrastructure, protections..etc. That's up to society, not the so-called invisible hand of the free market, which really doesn't exist. That invisible hand is nothing more than a well designed, manipulated hand that serves the interests of capitalists, often at the expense of the working class and consumers.

It never is enough, and the production levels begin to suffer greatly as the newly entitled workers begin to feel that they have been made to good to do certain jobs if a ripple in their employment is encountered.

That's the nature of the beast. I'm a communist, and I admit that capitalists have every right to negotiate their terms and workers should be reasonable. It's self evidence for most people, what is reasonable and what isn't. Employers need to make a profit, and employees have to understand that. There should be a certain degree of mutual undertanding and concern for each other's legitimate needs. As a communist who is employed by a wealthy capitalist, I understand that my employer needs to make a profit in order to survive and thrive. I won't have a job if I'm a jerk, demanding ridiculous shit.

Expecting not to get fired if I get sick and need to be admitted into the hospital for a few days, even a week or more, is not unreasonable, provided the company is large enough, with adequate resources to handle not having me around for a week or two due to a medical emergency. I had one of those events a few years ago and I didn't lose my job. If I hadn't been a union member, I probably would've lost my job.

The accumulation of wealth at the top is of course to be held in good stewardship by those who have been given the awesome power of keeping balance in a righteous and just manor, otherwise it is imperative to balance out society through proper wealth distribution that is accumulated by everyone doing their part, and then issued out by those in whom we put our trust in to do the right thing.

At a national, societal level, I trust elected officials more in taking charge of that than capitalists, any day of the week. At least with the government, we have recourse and there's a degree of accountability that is missing in the private sector. The private sector's bottom line is profits, not the public good necessarily. However by necessity, the government's bottom line always has to be the public good, hence it behooves us to avail ourselves of its resources and power, as members of the public, who rely on our labor to survive.

Now if these Bernie Madolphs and/or such names commit criminal acts that breach the trust in which they have been given them in America, then exactly what happened to them needs to continue in the name of justice and fairness.

I agree. Nonetheless, if wealthy capitalists can tap into the government trough and drink, so can the working class. That's pretty self-evident.

You are an agitator is what you are...

 

[beagle9]

COMPANY	LOCATION	SUBSIDY SOURCE	YEAR.	SUBSIDY VALUE	LOAN/BAILOUT VALUE	TYPE OF SUBSIDY
The Boeing Company	Oklahoma	state	2023	$943,298		grant
The Boeing Company	Oklahoma	state	2023	$855,270		grant
The Boeing Company	Oklahoma	state	2023	$663,527		grant
The Boeing Company	Oklahoma	state	2023	$1,677,680		grant
The Boeing Company	Oklahoma	state	2023	$1,451,603		grant
The Boeing Company	Oklahoma	state	2023	$1,090,545		grant
The Boeing Company	Oklahoma	state	2023	$425,314		grant
The Boeing Company	Oklahoma	state	2023	$407,603		grant
The Boeing Company	Oklahoma	state	2023	$359,828		grant
The Boeing Company	Oklahoma	state	2023	$563,119		grant
The Boeing Company	Oklahoma	state	2023	$535,977		grant
The Boeing Company	Oklahoma	state	2023	$473,352		grant
Boeing	Missouri	local	2023	$185,669,997		MEGADEAL
THE BOEING COMPANY	Oklahoma	state	2022	$215,380		grant
THE BOEING COMPANY	Oklahoma	state	2022	$227,119		grant
THE BOEING COMPANY	Oklahoma	state	2022	$375,170		grant
THE BOEING COMPANY	Oklahoma	state	2022	$380,895		grant
THE BOEING COMPANY	Oklahoma	state	2022	$445,908		grant
THE BOEING COMPANY	Oklahoma	state	2022	$449,484		grant
THE BOEING COMPANY	Oklahoma	state	2022	$469,007		grant
THE BOEING COMPANY	Oklahoma	state	2022	$469,819		grant
THE BOEING COMPANY	Oklahoma	state	2022	$490,570		grant
THE BOEING COMPANY	Oklahoma	state	2022	$501,941		grant
THE BOEING COMPANY	Oklahoma	state	2022	$551,885		grant
THE BOEING COMPANY	Oklahoma	state	2022	$555,821		grant
THE BOEING COMPANY	Oklahoma	state	2022	$708,755		grant
THE BOEING COMPANY	Oklahoma	state	2022	$721,967		grant
THE BOEING COMPANY	Oklahoma	state	2022	$808,880		grant
THE BOEING COMPANY	Oklahoma	state	2022	$827,067		grant
THE BOEING COMPANY	Oklahoma	state	2022	$852,596		grant
THE BOEING COMPANY	Oklahoma	state	2022	$1,070,672		grant
THE BOEING COMPANY	Oklahoma	state	2022	$1,153,563		grant
THE BOEING COMPANY	Oklahoma	state	2022	$1,199,546		grant
THE BOEING COMPANY	Oklahoma	state	2022	$1,317,033		grant
Digital Receiver Technology, Inc.	Maryland	state	2022	$250,000		tax credit/rebate
The Boeing Company	New Mexico	state	2022	$780,695		grant
The Boeing Company Portland Business Unit	Oregon	local	2022	$1,815,665		property tax abatement
The Boeing Company	United States	federal	2022	$1,040,304		federal grant
The Boeing Company	New Mexico	State	2021	$925,074		grant
Boeing Company, The	United States	federal	2021		$327,879,000	federal loan or loan guarantee
Boeing Company, The	United States	federal	2021		$450,000,000	federal loan or loan guarantee
THE BOEING COMPANY	Oklahoma	state	2021	$175,412		grant
THE BOEING COMPANY	Oklahoma	state	2021	$192,941		grant
THE BOEING COMPANY	Oklahoma	state	2021	$204,088		grant
THE BOEING COMPANY	Oklahoma	state	2021	$209,292		grant
THE BOEING COMPANY	Oklahoma	state	2021	$225,858		grant
THE BOEING COMPANY	Oklahoma	state	2021	$299,097		grant
THE BOEING COMPANY	Oklahoma	state	2021	$321,420		grant
THE BOEING COMPANY	Oklahoma	state	2021	$352,467		grant
THE BOEING COMPANY	Oklahoma	state	2021	$364,029		grant
THE BOEING COMPANY	Oklahoma	state	2021	$384,277		grant
THE BOEING COMPANY	Oklahoma	state	2021	$391,782		grant
THE BOEING COMPANY	Oklahoma	state	2021	$428,192		grant
THE BOEING COMPANY	Oklahoma	state	2021	$435,107		grant
THE BOEING COMPANY	Oklahoma	state	2021	$447,360		grant
THE BOEING COMPANY	Oklahoma	state	2021	$464,060		grant
THE BOEING COMPANY	Oklahoma	state	2021	$480,848		grant
THE BOEING COMPANY	Oklahoma	state	2021	$494,102		grant
THE BOEING COMPANY	Oklahoma	state	2021	$500,061		grant
THE BOEING COMPANY	Oklahoma	state	2021	$521,555		grant
THE BOEING COMPANY	Oklahoma	state	2021	$553,938		grant
THE BOEING COMPANY	Oklahoma	state	2021	$581,183		grant
THE BOEING COMPANY	Oklahoma	state	2021	$826,616		grant
THE BOEING COMPANY	Oklahoma	state	2021	$1,002,898		grant
THE BOEING COMPANY	Oklahoma	state	2021	$1,101,675		grant
THE BOEING COMPANY	Oklahoma	state	2021	$1,161,213		grant
THE BOEING COMPANY	Oklahoma	state	2021	$1,183,193		grant
THE BOEING COMPANY	Oklahoma	state	2021	$1,252,341		grant
THE BOEING COMPANY	Oklahoma	state	2021	$1,252,659		grant
THE BOEING COMPANY	Oklahoma	state	2021	$1,453,002		grant
THE BOEING COMPANY	Oklahoma	state	2021	$1,490,363		grant
Digital Receiver Technology, Inc.	Maryland	state	2021	$62,075		tax credit/rebate
The Boeing Company	Washington	state	2021	$53,779,100		tax credit/rebate
The Boeing Company	Washington	state	2021	$48,938,000		tax credit/rebate
The Boeing Company	Washington	state	2021	$9,286,890		tax credit/rebate
The Boeing Company	Washington	state	2021	$157,881		tax credit/rebate
The Boeing Company	Florida	local	2021	$425,000		grant
Boeing Co	Pennsylvania	state	2021	$818,400		tax credit/rebate
The Boeing Company Portland Business Unit	Oregon	local	2021	$1,900,615		property tax abatement
The Boeing Company	New Mexico	State	2020	$1,379,641		grant
The Boeing Company	New Mexico	State	2020	$633,948		grant
The Boeing Company	New Mexico	State	2020	$153,283		grant
The Boeing Company - Amendment	New Mexico	State	2020	$52,595		grant
Boeing Company, The	United States	federal	2020		$498,382,200	federal loan or loan guarantee
Boeing	Oregon	local	2020	$761,248		property tax abatement
The Boeing Company Portland Business Unit	Oregon	local	2020	$2,008,617		property tax abatement
THE BOEING COMPANY	Oklahoma	state	2020	$149,925		grant
THE BOEING COMPANY	Oklahoma	state	2020	$162,216		grant
THE BOEING COMPANY	Oklahoma	state	2020	$172,056		grant
THE BOEING COMPANY	Oklahoma	state	2020	$185,802		grant
THE BOEING COMPANY	Oklahoma	state	2020	$198,858		grant
THE BOEING COMPANY	Oklahoma	state	2020	$208,023		grant
THE BOEING COMPANY	Oklahoma	state	2020	$240,695		grant
THE BOEING COMPANY	Oklahoma	state	2020	$268,425		grant
THE BOEING COMPANY	Oklahoma	state	2020	$332,756		grant
THE BOEING COMPANY	Oklahoma	state	2020	$401,741		grant
THE BOEING COMPANY	Oklahoma	state	2020	$472,800		grant
THE BOEING COMPANY	Oklahoma	state	2020	$478,104		grant
THE BOEING COMPANY	Oklahoma	state	2020	$483,843		grant
THE BOEING COMPANY	Oklahoma	state	2020	$502,826		grant
THE BOEING COMPANY	Oklahoma	state	2020	$518,185		grant

Subsidy Tracker

Subsidy Tracker, produced by the Corporate Research Project of Good Jobs First, is a wide-ranging database on misconduct by large and small corporations throughout the United States.

subsidytracker.goodjobsfirst.org

BailoutWatch – Tracking government support for the fossil fuel industry.

BailoutWatch is a nonprofit, nonpartisan clearinghouse for news and analysis on federal stimulus and recovery efforts, and how energy companies are cashing in.

bailoutwatch.org

If they can get that, the working class shouldn't be criticized when it receives its government services and resources.

Bail outs are supposed to keep an entity afloat in order to keep from experiencing to much of a title wave effect on the economy it has it's hand's in. The qualifying of the bail out should be transparent and reviewed by all. Nothing should be hidden about anything when the government gives a bail out to anyone or anything.