Why don't you want to tax the rich?

[citygator]

Almost half of your tax break goes back into the economy for skilled labor. Likely a small working man contractor or sub

Trickle down economics at work.

43% went to the economy the rest to my savings that won’t get spent until I retire or die so you are getting less it back. If you gave that money to the less fortunate 90-100% would be in the economy.

You’ll be glad to know my 43% goes mostly to immigrants and materials. Not sure on their legal status because I don’t speak Spanish.

 

[citygator]

It’s very simple… Rich people have options. They can move, relocate, and take both their money and business elsewhere. Considering how much they already add to the economy, they could/would create major holes in the local economy if they decide tgst taxes are too high and decide to go elsewhere. This applies to excessive regulation on businesses as well.

We didn’t move out when we were paying higher taxes before. You really think I am moving out because I will pay 10% more in taxes? That’s all we are talking about. I paid about $340k in taxes last year. You think I will move out if I pay $370k in taxes. Or if someone is 10Xs better off than me they are paying $3.7M in taxes not $3.4M.

 

[iamwhatiseem]

Trickle down has never worked

Instead of more jobs or higher pay…..they just keep the money

Tell that to Obama.
Who, by far, it isn't even close - was the largest user of trickle down economics in history.
But, I realize I waste my time telling you this. You will never allow yourself to believe it.

 

[rightwinger]

Tell that to Obama.
Who, by far, it isn't even close - was the largest user of trickle down economics in history.
But, I realize I waste my time telling you this. You will never allow yourself to believe it.

Economy boomed under Obama
He rescued us from a Depression

 

[citygator]

Not sure where you live but I know plenty of people here legally that can get paid a fair wage for those jobs

It’s sad you would prefer to exploit illegals

Sure. Millions of Karens are lining up to clean houses for $30 per hour or more. They are everywhere. Not.

 

[citygator]

Yes because it was filled with loopholes, massive tax avoidance

And actually drove the wealth gap up and tax revenue down

Historical Tax Rates: The Rhetoric and Reality of Taxing the Rich - The Concord Coalition

Addressing our nation’s long-term fiscal challenge will require additional revenue, including higher taxes on the rich. However, before policymakers succumb to the popular desire to impose higher marginal tax rates on the rich, they should consider whether taxes are as unfair as many people...

www.concordcoalition.org

Taxes on the Rich Were Not That Much Higher in the 1950s

Despite high marginal income tax rates, the top 1% of taxpayers in the 1950s only paid about 42% of their income in taxes. See more about taxes on the rich.

taxfoundation.org

Are you kidding? Did you read what you posted? Your claim is 42% isnt “much higher” than 36% effective rates for the rich? And that was back in 2014 which is the data you posted. It’s now about 33% and the Dems wanted to take it back to 36%, and it was 42% back in the 50s. I’d be paying a lot more at 1950’s rates, about 27% more in taxes. That’s about $100k to me.

 

[Stryder50]

Darkwind No. But there is a lot of social frustration out there. A lot of people feel the rich are getting richer at the expense of the poor.

There's a lot of laziness, envy, sense of entitlement, and greed "out there".
Especially in your generation who were never fully or correctly educated on economics and basic sociology.

When USA income tax was first implemented in 1913, it was supposed to be only on the "rich". Look how politicians/government shifted it to everyone.

The rich/wealthy have a lot of their wealth invested in areas that grow the economy, grow the wealth, create jobs. Higher income groups when not investing their income in businesses and other wealth creating systems will spend that income in ways that create more jobs; for the people who make and sell yachts, or airplanes, or restaurants and the workers there, or resorts, etc.

Their higher income does "trickle down" via their investment and spending.

The solution is never finding other ways to slice a "fixed size"* economic pie, rather it is to make more "pie". Wealthy investing and consuming is how more "pie" is made.

* most advocates for taxing the rich more think that wealth is finite.

 

[gipper]

We delude ourselves that our military protect us and keep us free.

The US has not been invaded in 200 years and no outside nation threatens our freedom

The purpose of our military is to extend our global influence and ensure trade.
You can argue that it is a necessary function but it does not keep us free

If even you who normally supports the State as long as D is potus recognizes this fact, I have a modicum of hope for our country.

 

[gipper]

If govt has all the money., then all the billionaires would be controlling the govt

All everyone else to earn and collecting wealth won’t allow that

So the choices in your small mind, are all the wealth is either with the super rich or with government. LMFAO.

THINK BETTER!

 

[Edgetho]

If you are opposed, why?

Why do you oppose aggressive taxation of people making more than $250,000+ a year or $400,000+ a year annually?

Because stupid ***** like you contribute nothing to the betterment of civilization.

 

[Hafar1014]

So the choices in your small mind, are all the wealth is either with the super rich or with government. LMFAO.

THINK BETTER!

U.S. Government Financial Position (FY 2024)

• Total Assets: Approximately $5.7 trillion, including cash, loans.

Factor that in and we cans see the government is the problem with wealth distribution.

 

[LeftofLeft]

Exactly
Those roads are built to support trade routes not so that you can visit Grandmas house.

Why it is necessary that business be taxed.
They profit off of that infrastructure

I am not arguing for no taxes..This is a common tactic of your side when your side gets called out for egregious or wasteful spending. You immediately point to infrastructure. $10M for circumcsions in Mambazque benefits the local manufacturer how?

 

[Hafar1014]

Because stupid ***** like you contribute nothing to the betterment of civilization.

U.S. Government Financial Position (FY 2024)

• Total Assets: Approximately $5.7 trillion, including cash, loans

Thats where the money is. The rich create your job the government takes you money

 

[progressive hunter]

From 1944 to 1963 the tax rate was 90+%. All indicators including GDP and standard of living and more for everybody grew at more than twice the rate it does now. Today the rich get richer at an astounding rate higher than the non-rich.

I am sure you have a point,, I just dont see it,,

 

[gipper]

U.S. Government Financial Position (FY 2024)

• Total Assets: Approximately $5.7 trillion, including cash, loans.

Factor that in and we cans see the government is the problem with wealth distribution.

You’re missing the forest for the trees.

Our government is colluding with the super wealthy to screw the people. This has been ongoing for a long time. There is little difference between the two, just as it is with the two political crime families.

Government sucks even in the best of circumstances. It really sucks when a tiny globalist cabal of Zionist neocons and corrupt billionaire capitalists control it. Yet you want the status quo to continue.

 

[Hafar1014]

You’re missing the forest for the trees.

Our government is colluding with the super wealthy to screw the people. This has been ongoing for a long time. There is little difference between the two, just as it is with the two political crime families.

Government sucks even in the best of circumstances. It really sucks when a tiny globalist cabal of Zionist neocons and corrupt billionaire capitalists control it. Yet you want the status quo to continue.

Trump just gave us the biggest tax cut in history and fired 300000 useless government workers

 

[gipper]

Trump just gave us the biggest tax cut in history and fired 300000 useless government workers

Yeah he enriched the super rich again, yet you support him.

 

[OODA_Loop]

You’re missing the forest for the trees.

Our government is colluding with the super wealthy to screw the people. This has been ongoing for a long time. There is little difference between the two, just as it is with the two political crime families.

Government sucks even in the best of circumstances. It really sucks when a tiny globalist cabal of Zionist neocons and corrupt billionaire capitalists control it. Yet you want the status quo to continue.

But you can install your form of government and governance and finally get it right. No more status quo!

 

[rightwinger]

I am not arguing for no taxes..This is a common tactic of your side when your side gets called out for egregious or wasteful spending. You immediately point to infrastructure. $10M for circumcsions in Mambazque benefits the local manufacturer how?

Typical RW logic
I found $10 M in expenditures I don’t understand so I will use that as a reason to claim a $4 trillion budget is a waste of money.

Why would we spend $10 M for circumcisions in Mozambique?
Because AIDS is ravaging Africa and we can’t afford to spend tens of thousands on treatments that US citizens get. So low cost measures like education, condoms and circumcisions are supported

 

[OODA_Loop]

Because AIDS is ravaging Africa and we can’t afford to spend tens of thousands on treatments that US citizens get. So low cost measures like education, condoms and circumcisions are supported

Circumcisions prevent AIDS?