what if the 1 percent says goodbye. where would money come from ??

LAUGHatLEFTISTS

Diamond Member
Joined
Jan 22, 2020
Messages
1,302
Reaction score
1,230
Points
1,910
View attachment 357948 The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent). The top 1 percent of taxpayers paid a 26.9 percent individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.7 percent).Nov 13, 2018

now what, no cops no emts no firefighters... now what ? atlas shrugged ? i guess the next thing would be to force some people to be cops, and.....
If the top 1% were to disappear, there would be much more income and wealth for the general population, all of whom would pay higher taxes, and have more taxabale income.
You talk as if there is a set a mount of money within the US. There isn't.
 

toobfreak

Platinum Member
Joined
Apr 29, 2017
Messages
27,733
Reaction score
10,407
Points
910
The money would come from the govt. where it originated for the 1%...
View attachment 358108View attachment 358109View attachment 358108

HEY ASSGLOW, YOU REALLY THINK THE TOP 1% WEALTHIEST PEOPLE GET THEIR MONEY FROM THE GOV? :laughing0301:

And where do you think THAT money comes from, from the poor? :auiqs.jpg:

Oh Derp, you ARE Herbert.
I am very sure that the 1% get govt. contracts you wished you had along with low interest loans, grants, fellowships and brotherhoods.
Such an ass.
 

OnePercenter

Gold Member
Joined
Apr 10, 2013
Messages
23,438
Reaction score
1,742
Points
265
The money would come from the govt. where it originated for the 1%...
The sad part is you actually believe this.
It's true. Corporate welfare is the best kind. For instance, Walmart sales are up 600% and their still receiving $7.8M in subsidies. I'm earning just over $100M from government contracts. Don't let anyone fool you, without government there wouldn't be business and the wealthy people made wealthy from business.
How did the government start Walmart? And you’re surprised during stay at home orders Walmart didn’t do better with their pick up program?
I never stated that the government started Walmart. I stated that without government there wouldn't be any business. I have yet to see any data that states Walmart's pick-up program is any better or worse than anyone else's.
 

eagle1462010

Diamond Member
Joined
May 17, 2013
Messages
45,581
Reaction score
12,907
Points
2,180
The money would come from the govt. where it originated for the 1%...
The sad part is you actually believe this.
It's true. Corporate welfare is the best kind. For instance, Walmart sales are up 600% and their still receiving $7.8M in subsidies. I'm earning just over $100M from government contracts. Don't let anyone fool you, without government there wouldn't be business and the wealthy people made wealthy from business.
How did the government start Walmart? And you’re surprised during stay at home orders Walmart didn’t do better with their pick up program?
Government doesn't start businesses, but it provides the platform on which they're built, and the government picks winners and losers by their tax policies.
without government there wouldn't be business
And people would no longer need wood for a shelter.

People would no longer need food and water.

People would go around NAKED......no more cloths......

Without GOVERNMENT.......WHAT WOULD WE DO.........

Bow to YOUR GOD............GOVERNMENT..........
Business and commerce existed before the modern concepts of “business”.

People have been exchanging goods and services since the best hunter in the village offered extra meat to the best moccasin maker in village to make his shoes.
Sure they have...........equitable property........it has a value...........money is a method of exchange of that value now...........but it has been LAUNDERED by the Reserve to the point of insanity and the destruction of it's value......

And it continues...........no longer is a 10 fish worth a 2 x 4........it's now 1000 fish per board lol......as they have destroyed the worth of the dollar through manipulation.
 

OnePercenter

Gold Member
Joined
Apr 10, 2013
Messages
23,438
Reaction score
1,742
Points
265
without government there wouldn't be business
And people would no longer need wood for a shelter.

People would no longer need food and water.

People would go around NAKED......no more cloths......

Without GOVERNMENT.......WHAT WOULD WE DO.........

Bow to YOUR GOD............GOVERNMENT..........
But yet we do have government and we have all of those things you've listed.
 

eagle1462010

Diamond Member
Joined
May 17, 2013
Messages
45,581
Reaction score
12,907
Points
2,180
without government there wouldn't be business
And people would no longer need wood for a shelter.

People would no longer need food and water.

People would go around NAKED......no more cloths......

Without GOVERNMENT.......WHAT WOULD WE DO.........

Bow to YOUR GOD............GOVERNMENT..........
But yet we do have government and we have all of those things you've listed.
No shit sherlock.........the best paid whores in office did that for the money MORON.....

Gov't wouldn't be needed if we had nothing but moral and just men in society.

No form of gov't will work with unmoral men running the show...........Your GOD GOVERNMENT no longer serves the people......they serve themselves........We have a gov't that picks and chooses winners based on bribes.......and nothing more.
 

OnePercenter

Gold Member
Joined
Apr 10, 2013
Messages
23,438
Reaction score
1,742
Points
265
We'd take lunch money and buy our own police, fire, and healthcare.

Or MS The World The World - Luxury Residences at Sea

Did a golf tour on The World in Scotland a few years ago.
So you'd bail on your beloved blm and antifa buddies?
That so goes against what you've said here on USMB.
In fact you sound like me.
When have I ever stated I support Black Lives Matter of antifa? You seem to forget that I'm a capitalist racketeer.
 

OnePercenter

Gold Member
Joined
Apr 10, 2013
Messages
23,438
Reaction score
1,742
Points
265
View attachment 357948 The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent). The top 1 percent of taxpayers paid a 26.9 percent individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.7 percent).Nov 13, 2018

now what, no cops no emts no firefighters... now what ? atlas shrugged ? i guess the next thing would be to force some people to be cops, and.....
If the top 1% were to disappear, there would be much more income and wealth for the general population, all of whom would pay higher taxes, and have more taxabale income.
Wealth isn't a zero sum game. The top 1 percent isn't preventing you or anybody else from becoming wealthy because they have all the money.
It's because we want mo' money and we obtain our goal through wage stagnation.
 

Staidhup

Gold Member
Joined
Jan 5, 2012
Messages
4,098
Reaction score
799
Points
245
Location
PNW
Hard to move a small business to another state. Now if I could sell my business, house, and second home I would move to Wyoming.
 

hadit

Gold Member
Joined
Jul 1, 2013
Messages
24,685
Reaction score
3,411
Points
280
View attachment 357948 The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent). The top 1 percent of taxpayers paid a 26.9 percent individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.7 percent).Nov 13, 2018

now what, no cops no emts no firefighters... now what ? atlas shrugged ? i guess the next thing would be to force some people to be cops, and.....
If the top 1% were to disappear, there would be much more income and wealth for the general population, all of whom would pay higher taxes, and have more taxabale income.
Where did you learn that? Seriously, where? I want to know which school teaches that.
 

OnePercenter

Gold Member
Joined
Apr 10, 2013
Messages
23,438
Reaction score
1,742
Points
265
View attachment 357948 The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent). The top 1 percent of taxpayers paid a 26.9 percent individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.7 percent).Nov 13, 2018

now what, no cops no emts no firefighters... now what ? atlas shrugged ? i guess the next thing would be to force some people to be cops, and.....
Do you think that money would just disappear?! The 1% are the 1% because of the amount of wealth and money that they own. If they were eliminated then that money would be distributed and circulated around the economy
Resulting in what? This is the stupid you people can’t comprehend. You think once the money is redistributed one time you’re going to have the same choices and selections you have now. It’s not possible. You can destroy the rich because of jealousy but once you do that your fucking neighbor isn’t going to take over producing toilet paper in his garage. Which of your neighbors is going to keep the water flowing? Which one is going to keep the Internet going?

You saw what happened in Venezuela. Same thing you’re asking for. How did that work out?
You can't destroy the rich, we have all the money. Water and the internet are government.
 

OnePercenter

Gold Member
Joined
Apr 10, 2013
Messages
23,438
Reaction score
1,742
Points
265

WEATHER53

Gold Member
Joined
Apr 13, 2017
Messages
9,946
Reaction score
2,328
Points
290
We are you providers and protectors and guides to a pathway to success
Self defeating to spit upon us but self defeating is you first choice mostly
 

Staidhup

Gold Member
Joined
Jan 5, 2012
Messages
4,098
Reaction score
799
Points
245
Location
PNW
The 1% would be replaced by the political elite. Look at the USSR and other socialist and communist country’s.
The question should be how to correct our fiscal policy mess. The only mathematical solution is to freeze and reduce nonessential federal spending, freeze taxes, enhance the creation of private sector employment, attempt to balance tax revenues with federal and state spending which equates to political suicide. The media and political elite would crap all over themselves. So continue to blame the top wage earners and kick the can down the road.
 

HereWeGoAgain

Diamond Member
Joined
Dec 15, 2010
Messages
64,459
Reaction score
13,919
Points
2,210
Location
Fuck Y'all I'm From Texas!
If I happened to be in the top 10% I would have moved long ago.
Eh...it ain't that easy.
The Wife and I are in the top 5% but if we were to move that money flow would end.
Our plan is to make sure we're good with our savings for fifteen years,and when I say good we keep up our current lifestyle.
After that we keep pulling from our savings but rely on SS as well.
Hell,we spend less now in our fifties than we did in our 30's and 40's.
In other words we're finding that we dont need or want the latest and greatest shit.
Our end needs are going to be simple,50 to 100 acres of land how much really depends on what the piece of property offers.
A SxS side,a tractor with a front end loader and box blade,a pond with a dock,shooting range and a Barndominium with a large shop.
We started that plan three years ago. Sold our big house and bought the property (not 100 acres, wish it was) and built what we could for cash. Both vehicles are a bit older but paid off. The barns need some work but we’re getting there. Next up is the cattle. Setting up the watering system and fixing up the fences. Part of that includes clearing the pong perimeter of over growth. A lot of work but love it.
Yep....
We can sell the house here in Katy for easily 600k. It's way too big for the Wife and I and we only bought it because the Wife just had to have it....she regrets it now.
That'll pay for the land and the Barndominium for the most part.
But yeah I know what ya mean about loving it!!!
Our last weekend place was only ten acres but it had 100 yards of river front on the S Llano river.
View attachment 357991
I kick myself in the ass daily for selling it.

But man did I have a blast improving the property!!
Time spent on the tractor was a joy rather than a job.
That’s awesome. We have 12 acres now. Trying to make a deal on the neighboring five. We wanted 40 but this one popped so cheap we jumped on it. And honestly 12 acres is a lot of work. Once the cattle get here it will actually be easier.

It’s fantastic out here though. We enjoy every minute.

We left a 5k square foot home. Like you it was so much work with cleaning and the swimming pool. No kid after graduation so a large portion was just empty. I was actually wondering what the wife would say when I suggested selling it and down sizing. As it turns out she was all for it. Best decision ever.
Yeah...
This house is just shy of 5k square foot and we bought it even though we had no kids.
Way To Big!!!
3 forken A/C units with furnaces to match. A roof that cost over 20k to be replaced. We pay for the pool cleaning these days and if I could dig the damn thing up i'd give it away for free I would.

Do you plan on raising the cattle for a profit or is it just for an ag exemption?
Depending on the acreage we end up with I'd like to lease out 20 acres by the road and let someone else deal with the cattle and I get the Ag exemption...plus a freezer full of beef.
I might have some yard birds and some Guineafowl to act as guard birds but other than that I want to do some Bass husbandry with crappie in a another lake.
Yeah we had a pool guy, a landscaper and a cleaning lady. Did it for years but after the kid left he was the messy one, he and his friends used the pool. And yeah three AC units running in Phoenix. What the hell are we doing here? The master bedroom had a side reading room. Not useful when there are two of us. It actually wasn’t useful before. All the furniture and the paintings and pictures. I just woke up one day and thought I’m done with this shit. This is stupid. So we moved to Missouri and got this place. 1500 square feet on a full basement so not all that much smaller but the basement is unfinished. One AC unit. We can clean this one our selves.

I want to make some money with the cattle. We can run five here and keep them well fed. One will be ours. A full side of beef is plenty for us for a year. The other four can be sold. Luckily we have a breeder near by so I can buy calves and not need a bull. Don’t have to go far to get them. Not a bad deal. The sales can just go to buying more property and getting more cows. If I get that five next door I can have ten. Double my money. But it needs cleared out. Will take some work.
Dont really have the desire to raise cattle.
I see it more as an ag exemption.
I dont have to mess withem and I get beef and lower taxes.
Funny thing...when we bought the second river place the county adjuster came out and said we should claim the ag exemption.
Told him we dont plan on raising animals or farming and he said....thats okay,everyone out here does.
You have to play the game. That’s for sure.
We actually told him no.
I'm not leaving myself out there to be nailed at a later date.
Dont know how familiar you are with small town politics and newcomers,but I dont trust em coming from a small town myself.
Our place is mostly county. But yeah, it takes a bit to get into the program.
Our place on the S. Llano was in Kimble county.
Only 6k people in the entire county.
There's far more deer than people.
Sounds like a lot of inbreeding goes on in that area.
How exactly did you come to that conclusion?
 

Asclepias

Diamond Member
Joined
Aug 3, 2013
Messages
105,726
Reaction score
12,637
Points
2,195
Location
Breathing rarified air.
If I happened to be in the top 10% I would have moved long ago.
Eh...it ain't that easy.
The Wife and I are in the top 5% but if we were to move that money flow would end.
Our plan is to make sure we're good with our savings for fifteen years,and when I say good we keep up our current lifestyle.
After that we keep pulling from our savings but rely on SS as well.
Hell,we spend less now in our fifties than we did in our 30's and 40's.
In other words we're finding that we dont need or want the latest and greatest shit.
Our end needs are going to be simple,50 to 100 acres of land how much really depends on what the piece of property offers.
A SxS side,a tractor with a front end loader and box blade,a pond with a dock,shooting range and a Barndominium with a large shop.
We started that plan three years ago. Sold our big house and bought the property (not 100 acres, wish it was) and built what we could for cash. Both vehicles are a bit older but paid off. The barns need some work but we’re getting there. Next up is the cattle. Setting up the watering system and fixing up the fences. Part of that includes clearing the pong perimeter of over growth. A lot of work but love it.
Yep....
We can sell the house here in Katy for easily 600k. It's way too big for the Wife and I and we only bought it because the Wife just had to have it....she regrets it now.
That'll pay for the land and the Barndominium for the most part.
But yeah I know what ya mean about loving it!!!
Our last weekend place was only ten acres but it had 100 yards of river front on the S Llano river.
View attachment 357991
I kick myself in the ass daily for selling it.

But man did I have a blast improving the property!!
Time spent on the tractor was a joy rather than a job.
That’s awesome. We have 12 acres now. Trying to make a deal on the neighboring five. We wanted 40 but this one popped so cheap we jumped on it. And honestly 12 acres is a lot of work. Once the cattle get here it will actually be easier.

It’s fantastic out here though. We enjoy every minute.

We left a 5k square foot home. Like you it was so much work with cleaning and the swimming pool. No kid after graduation so a large portion was just empty. I was actually wondering what the wife would say when I suggested selling it and down sizing. As it turns out she was all for it. Best decision ever.
Yeah...
This house is just shy of 5k square foot and we bought it even though we had no kids.
Way To Big!!!
3 forken A/C units with furnaces to match. A roof that cost over 20k to be replaced. We pay for the pool cleaning these days and if I could dig the damn thing up i'd give it away for free I would.

Do you plan on raising the cattle for a profit or is it just for an ag exemption?
Depending on the acreage we end up with I'd like to lease out 20 acres by the road and let someone else deal with the cattle and I get the Ag exemption...plus a freezer full of beef.
I might have some yard birds and some Guineafowl to act as guard birds but other than that I want to do some Bass husbandry with crappie in a another lake.
Yeah we had a pool guy, a landscaper and a cleaning lady. Did it for years but after the kid left he was the messy one, he and his friends used the pool. And yeah three AC units running in Phoenix. What the hell are we doing here? The master bedroom had a side reading room. Not useful when there are two of us. It actually wasn’t useful before. All the furniture and the paintings and pictures. I just woke up one day and thought I’m done with this shit. This is stupid. So we moved to Missouri and got this place. 1500 square feet on a full basement so not all that much smaller but the basement is unfinished. One AC unit. We can clean this one our selves.

I want to make some money with the cattle. We can run five here and keep them well fed. One will be ours. A full side of beef is plenty for us for a year. The other four can be sold. Luckily we have a breeder near by so I can buy calves and not need a bull. Don’t have to go far to get them. Not a bad deal. The sales can just go to buying more property and getting more cows. If I get that five next door I can have ten. Double my money. But it needs cleared out. Will take some work.
Dont really have the desire to raise cattle.
I see it more as an ag exemption.
I dont have to mess withem and I get beef and lower taxes.
Funny thing...when we bought the second river place the county adjuster came out and said we should claim the ag exemption.
Told him we dont plan on raising animals or farming and he said....thats okay,everyone out here does.
You have to play the game. That’s for sure.
We actually told him no.
I'm not leaving myself out there to be nailed at a later date.
Dont know how familiar you are with small town politics and newcomers,but I dont trust em coming from a small town myself.
Our place is mostly county. But yeah, it takes a bit to get into the program.
Our place on the S. Llano was in Kimble county.
Only 6k people in the entire county.
There's far more deer than people.
Sounds like a lot of inbreeding goes on in that area.
How exactly did you come to that conclusion?
This white chick I used to date told me. I cant remember her name but her dad was in the KKK.
 

Dragonlady

Designing Woman
Joined
Dec 1, 2012
Messages
24,683
Reaction score
7,278
Points
290
Location
Niagara Escarpment
The money would come from the govt. where it originated for the 1%...
The sad part is you actually believe this.
It's true. Corporate welfare is the best kind. For instance, Walmart sales are up 600% and their still receiving $7.8M in subsidies. I'm earning just over $100M from government contracts. Don't let anyone fool you, without government there wouldn't be business and the wealthy people made wealthy from business.
How did the government start Walmart? And you’re surprised during stay at home orders Walmart didn’t do better with their pick up program?
Government doesn't start businesses, but it provides the platform on which they're built, and the government picks winners and losers by their tax policies.
without government there wouldn't be business
And people would no longer need wood for a shelter.

People would no longer need food and water.

People would go around NAKED......no more cloths......

Without GOVERNMENT.......WHAT WOULD WE DO.........

Bow to YOUR GOD............GOVERNMENT..........
Business and commerce existed before the modern concepts of “business”.

People have been exchanging goods and services since the best hunter in the village offered extra meat to the best moccasin maker in village to make his shoes.
So your problem should be with government. I think that should be pretty obvious. How do you think an even larger more controlling government is going to fix the problem you have already attributed to them?

If you want to live in a hunter gatherer economy I’d like to know what you think you would be bringing to the market. What would you be hunting or gathering? What exactly would you be bringing to the trade table?
My problem is with corporations, and with the very skewed rates of wages as a percentage of costs. Over the past 40 years, companies have become more and more profitable, mostly at the expense of the workers. Companies have absorbed real increases in the costs of real estate, fixtures, raw materials, transportation, insurance and communications, over the past 40 years. They've increased executive compensation by 1000%.

During that same time frame, wages for front line workers have flatelined. Workers in the retail sector, and other service sectors, have lost income. Walmart's predatory employment practices drove wages for the whole retail sector DOWN. People who have had vast segments of their job market off-shored, have seen wages drop for the surviving manufacturing jobs because there's so much competition for the few jobs that are left.

For example: McDonalds - and really this applies to ANY franchise operation. Franchises are the video games of the business industry. Everyone wants to be the next big franchise - the next Wendy's or McDonalds. Just like every video game writer wants to create the next Call of Duty. A successful franchise is a license to print money.

But franchise stores exist to funnel cash to the Head Office. Everyone knows that McDonald's Store Owners pay $2.5 million for the store, and 4% of sales to Head Office as a Franchise Fee. And that the store owners are barely making money. That's why McDonald's can't raise wages for kids flipping burgers. But McDonald's corporate made $6 billion NET profit.

In addition to your 4% "franchise fee", there's also an "advertizing fee" which is also 4%. For your restaurant supplies - everything from your hamburger buns, to your napkins is branded and sold to you by corporate. As a store owner, you have no right to take your logos, menus, and place ,mats to your local printer and get a better price. Everything you buy for your store, comes from McDonald's Head Office, at whatever price they choose to charge you. If Head Office decides your store is "outdated", you can choose from their catalogue of current, trendy fixtures to spruce the place up. Again, you can't got to your local restaurant supplier for newer stuff.

The whole franchise set up is designed to make money for corporate, and to keep the store owner from getting rich. You can set up your own fast food joint for 1/10 the amount McDonald's will charge you, but you'll have to know how to run a restaurant, set a menu, source the food, buy the fixtures. No one will hand you the key to a business and send you to Hamburger University to learn how to run it, or hold your hand until you get the knack.

I have worked for big chartered bank with branches worldwide. They're top heavy, slow, and not terribly innovative. When I switched from banking to law, I've started working for sole praticioners and ended my career in a large, multinational firm on Bay Street. Smaller is nimbler, adaptable, and quick. Bigger has more resources. If I needed training on a program, I called IT. I had my own secretary, and support staff to send my faxes, make my photocopies, and send out my couriers.
View attachment 357948 The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent). The top 1 percent of taxpayers paid a 26.9 percent individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.7 percent).Nov 13, 2018

now what, no cops no emts no firefighters... now what ? atlas shrugged ? i guess the next thing would be to force some people to be cops, and.....
If the top 1% were to disappear, there would be much more income and wealth for the general population, all of whom would pay higher taxes, and have more taxabale income.
Wealth isn't a zero sum game. The top 1 percent isn't preventing you or anybody else from becoming wealthy because they have all the money.
Well, aren't you the gullible little con.

No wealth is NOT a zero sum game, but if you don't make enough money to live on and need a government handout to keep a roof over your head and food on the table - as 40% of WORKING Americans currently do, you can't save money for a down payment, or to start a business. You can't even invest in the stock market, because you have no savings.

60% of Americans are living paycheck to paycheck. It's hard to get ahead when you spend all of your time trying to break even. There are more and more people chasing fewer and fewer middle income pay checks, and not enough "good paying" jobs to go around.

If you are born poor, you will receive an inferior education, in a ghetto school with few resources. You will have fewere scholarship opportunities than kids in the wealthier suburbs, and more competition for the ones there are. If you do manage to go to university, you will graduate with more student debt, which will hobble you for years.

When Reagan was elected, you had a 20% chance of being born into poverty and working your way out of poverty, through education and hard work. Today, you have a 2% chance. The "American Dream" costs $120,000 per year to achieve and maintain. The average American salary is than $61,900 per year
 

Brain357

Platinum Member
Joined
Mar 30, 2013
Messages
33,460
Reaction score
2,512
Points
1,115
Really shows how bad it is to have so much with so few.
 

New Topics

Most reactions - Past 7 days

Forum List

Top