Wealth Tax: Yeah! Why do Warren Buffett and Bill gates need so much money in their Trust?

[2aguy]

Do you think Elon Musk and Jeff Bezo even care about paying off the debt?

They would if taxes increased.

Wow, you are stupid.

They want high taxes to keep people from competing with their companies. They hide their private wealth behind layers of protection and then virtue signal about wanting to pay more taxes...

And morons like you believe them.

 

[2aguy]

Consumer debt is a choice.

No one is forcing people to buy shit they don't need.

Going into debt to finance higher education or medical care is not a choice. They are necessities for millions of Americans since privatization and other neoliberal economic policies imposed over the last forty years have raised the costs of living and doing business to such an extent it is no longer possible to survive otherwise.

No...the cost of education has gone up because of government interference ...... the government runs the loan program, the democrat party controlled education industry raises the prices.....the government pays for more loans, the democrat party education industry raises the prices.....rinse and repeat....

 

[2aguy]

Lizzy Cheekbones teamed up with Bernie "Please may I have another screwing over at the voting Booth" Sanders to propose a "wealth tax"

It's slated to be only 2% annual tax on wealth over $50MM, but why stop there?

Are CCPdemocrats aiming too low? I mean the Gate Trust alone must have $50 BILLION!!! Why aren't dems targeting that idle wealth?

Actually if you were paying any attention last year you would know that it is Bernie who has teamed up with Elizabeth. That wealth tax was her idea and one of the things she campaigned on last year.

Our national debt is over 20 trillion.

How do you plan to get that paid?

No amount of cutting the budget will get that paid.

Especially when no politician is willing to make those cuts.

The budget deficit is again at a record level at over a trillion dollars.

How do plan to balance the budget?

No amount of cutting the budget will get that record deficit removed and our budget balanced.

Especially since no politician is willing to make those cuts.

The filthy rich have been showered with trillions ever since the reagan years.
The tax cuts for the rich is one of the reasons why we have such a high debt and deficit.

The filthy rich are the ones sending American jobs overseas reaping even more wealth without having to pay much of any tax on it.

Why not have them finally financially contribute to getting that deficit eliminated and the debt paid off? They can afford it.

I believe we need a separate tax on the rich that will be only used to balance the budget then pay off our national debt. I would make that tax much higher than just 2% and the floor on wages to have to pay it much lower.

Do you understand how dumb you are?

Especially when no politician is willing to make those cuts.

You raise taxes.....the politicians spend that money, then spend even more, then demand taxes be raised....the politicians spend that money, spend even more, demand taxes be raised.....

Do you see how dumb you are....there is nothing to stop the politicians.....the only way to stop them is to stop giving them money...you idiot.

 

[georgephillip]

And a sales tax is one of the only fair taxes out there because everyone who buys something pays the same rate.

Do you believe such a tax should be applied to the purchase of stocks and bonds?

 

[beagle9]

We will need to pay off debt somehow.

You tax the so called rich at 100% and still not pay off the debt.

Sooner or later people who make 100K a year will be called "The Rich"

That's the goal of the butt hurt crats. To have it where everyone gets no more than 100 grand anually regardless of their efforts, and the government gets the rest. Well guess who they will ensure that the government is ??? So in their utopic ideology, everyone will get a participation trophy, and it will be valued at the same price, but the democratic communist socialist machine will control the rest, and will redistribute it in the ways that they see fit.

Can anyone truly understand what the Democrat machine is striving for, and what it's butt hurt goals are consisting of ???

If ya don't by now, then I feel sorry for ya.

 

[georgephillip]

18.6 Trillion in income reported in 2019. You can tax the rich at 100% and never even come close to the tax revenue you can get off the backs of the middle class

You can also ask how much money are the richest individuals and corporations hiding from the IRS?

What's Wrong With the American Tax System

"Studies indicate that more and better auditing of high-income individual and large-corporation tax returns would substantially reduce the tax gap.

"With increased funding, for example, IRS auditors would be able to devote the time required to evaluate complex facts and circumstances to determine if business expense deductions were necessary and reasonable in amount.

"An 11-to-1 return on investment in more thorough and better targeted auditing and enforcement clearly justifies increasing the IRS budget."

 

[2aguy]

18.6 Trillion in income reported in 2019. You can tax the rich at 100% and never even come close to the tax revenue you can get off the backs of the middle class

You can also ask how much money are the richest individuals and corporations hiding from the IRS?

What's Wrong With the American Tax System

"Studies indicate that more and better auditing of high-income individual and large-corporation tax returns would substantially reduce the tax gap.

"With increased funding, for example, IRS auditors would be able to devote the time required to evaluate complex facts and circumstances to determine if business expense deductions were necessary and reasonable in amount.

"An 11-to-1 return on investment in more thorough and better targeted auditing and enforcement clearly justifies increasing the IRS budget."

Or.....you make the tax rate so low that simply paying it is cheaper than trying to protect it.........

But to a fascist like you that would make little sense....

 

[georgephillip]

es, because they made a billion, why shouldn't we punish people for making money?

He made that money because government created the laws and institutions that made it legal for him to do so. That includes favorable tax policies and subsidies that prioritize an individual's right to amass a fortune over the vast majority of employees.

 

[struth]

es, because they made a billion, why shouldn't we punish people for making money?

He made that money because government created the laws and institutions that made it legal for him to do so. That includes favorable tax policies and subsidies that prioritize an individual's right to amass a fortune over the vast majority of employees.

Well yes, thankfully we have a Govt that allows individuals to be able to own property, and work.....the alternative is being slaves to the state.

Your cartoon makes no sense....why would a consumer jump over the cliff? Because of capitalism, consumers have choices on where to purchase products and services, if the person providing those, doesn't do a good job, the consumer will go somewhere else, where they are treated better

 

[CrusaderFrank]

es, because they made a billion, why shouldn't we punish people for making money?

He made that money because government created the laws and institutions that made it legal for him to do so. That includes favorable tax policies and subsidies that prioritize an individual's right to amass a fortune over the vast majority of employees.

Redistribution has done more to lift hundreds of million into poverty and despair than any other system in the history of mankind

 

[Blues Man]

Consumer debt is a choice.

No one is forcing people to buy shit they don't need.

Going into debt to finance higher education or medical care is not a choice. They are necessities for millions of Americans since privatization and other neoliberal economic policies imposed over the last forty years have raised the costs of living and doing business to such an extent it is no longer possible to survive otherwise.

College is not a necessity.

 

[Blues Man]

And a sales tax is one of the only fair taxes out there because everyone who buys something pays the same rate.

Do you believe such a tax should be applied to the purchase of stocks and bonds?

There is no need for a sales tax because there are capital gains taxes already levied on stocks, bonds and mutual funds.

 

[Blues Man]

18.6 Trillion in income reported in 2019. You can tax the rich at 100% and never even come close to the tax revenue you can get off the backs of the middle class

You can also ask how much money are the richest individuals and corporations hiding from the IRS?

What's Wrong With the American Tax System

"Studies indicate that more and better auditing of high-income individual and large-corporation tax returns would substantially reduce the tax gap.

"With increased funding, for example, IRS auditors would be able to devote the time required to evaluate complex facts and circumstances to determine if business expense deductions were necessary and reasonable in amount.

"An 11-to-1 return on investment in more thorough and better targeted auditing and enforcement clearly justifies increasing the IRS budget."

We could move to a national sale tax and get rid of the IRS completely because all taxes would be collected at the retail sales level

We could implement a flat tax and employers could collect and send the taxes to the US government then we could slash the IRS down to a fraction of its size to deal with the smaller part of the population that is self employed or owns businesses. There would be no more tax returns to process and no one would need to pay an accountant to do their taxes.

 

[georgephillip]

Completely incorrect. Certainly under Capitalism, we have owners, and employees, but under Capitalism, there are no barriers to become an owner. An employee can become an owner, they can own their own property, and the fruits of their labor.

That's true since there is no legal prohibition preventing a worker from becoming an owner or shareholder. Ethical inhibitions from becoming rich by exploiting the labor of others present other problems.

 

[struth]

Completely incorrect. Certainly under Capitalism, we have owners, and employees, but under Capitalism, there are no barriers to become an owner. An employee can become an owner, they can own their own property, and the fruits of their labor.

That's true since there is no legal prohibition preventing a worker from becoming an owner or shareholder. Ethical inhibitions from becoming rich by exploiting the labor of others present other problems.

well yeah, then don't exploit them....frankly you likely won't be very successful if you do, because people won't work for you....they'll work for someone else....another amazing thing about capitalism....there are other employers to work for out there.

Now, it's true, that here in the US, some leftwing states, require you to join one a DNC donor and work for them, before you can get a job, but they were becoming further and further.

 

[georgephillip]

The State owns everything, not the individual. The individual can never advance, never own their own property, or their fruits of their labor In between Socialism, and Capitalism

That's one of many variations of socialism.
There's another exemplified by Mondragon Corporation.
Worker owned or self-directed enterprises can accomplish everything neoliberal capitalism can without a growing chasm between rich and poor.

Socialism is where the workers own the means of production.

"If you didn’t believe me the second time, google it. Sometimes it’s defined as 'public' or 'social' ownership of the means of production–words which are problematic for a reason I will get into shortly–but the point that needs to be hammered the hell home is that socialism is not, I repeat, not necessarily the redistribution of wealth."

Are workers’ cooperatives 
the alternative to capitalism? | International Socialist Review

 

[georgephillip]

Where, some private industry is allowed to exist, the ones the State allows, so long as they are only working to advance the goals the State wants

Have you noticed how that seems to be working better for the Chinese than "free market" capitalism is working here?

How about the command economy in the US during WWII compared to today's Wall Street directed economy?

 

[struth]

The State owns everything, not the individual. The individual can never advance, never own their own property, or their fruits of their labor In between Socialism, and Capitalism

That's one of many variations of socialism.
There's another exemplified by Mondragon Corporation.
Worker owned or self-directed enterprises can accomplish everything neoliberal capitalism can without a growing chasm between rich and poor.

Socialism is where the workers own the means of production.

"If you didn’t believe me the second time, google it. Sometimes it’s defined as 'public' or 'social' ownership of the means of production–words which are problematic for a reason I will get into shortly–but the point that needs to be hammered the hell home is that socialism is not, I repeat, not necessarily the redistribution of wealth."

Are workers’ cooperatives 
the alternative to capitalism? | International Socialist Review

Co-ops are great, I belong to one myself....but they operate within a capitalist economic system. The group, still owns the co-op, the property, and they own the fruits of that labor. Co-ops

I googled it. Definition of SOCIALISM

Socialism is when the State owns and operates the means of production.

 

[struth]

Where, some private industry is allowed to exist, the ones the State allows, so long as they are only working to advance the goals the State wants

Have you noticed how that seems to be working better for the Chinese than "free market" capitalism is working here?

How about the command economy in the US during WWII compared to today's Wall Street directed economy?

No, I have noticed that....it might be working out for the few....the Govt....but the people aren't free and there is massive human rights issues there.....

China

Amnesty International works to stop China human rights violations. You can help end China human rights abuses.

www.amnestyusa.org

" Amnesty International has documented widespread human rights violations in China that were marked by a systematic crackdown on dissent. The justice system remained plagued by unfair trials and torture and other ill-treatment in detention. China still classified information on its extensive use of the death penalty as a state secret. "

 

[Utilitarian]

Lizzy Cheekbones teamed up with Bernie "Please may I have another screwing over at the voting Booth" Sanders to propose a "wealth tax"

It's slated to be only 2% annual tax on wealth over $50MM, but why stop there?

Are CCPdemocrats aiming too low? I mean the Gate Trust alone must have $50 BILLION!!! Why aren't dems targeting that idle wealth?

I always balk at these proposals, because so far, we haven't seen the government consistently enforce taxes like this on the 1%. There are always ways to hide or manipulate wealth away from taxation, particularly if you're a billionaire.