Former Fed Chair Paul Volcker: ‘We’re in a Hell of a Mess’

Gwad

https://fortune.com/2018/10/23/former-fed-chair-paul-volcker-were-in-a-hell-of-a-mess/

“The central issue is we’re developing into a plutocracy,” Volcker told the Times. “We’ve got an enormous number of enormously rich people that have convinced themselves that they’re rich because they’re smart and constructive. And they don’t like government, and they don’t like to pay taxes.”

SFGbob

Gwad said:

https://fortune.com/2018/10/23/former-fed-chair-paul-volcker-were-in-a-hell-of-a-mess/

“The central issue is we’re developing into a plutocracy,” Volcker told the Times. “We’ve got an enormous number of enormously rich people that have convinced themselves that they’re rich because they’re smart and constructive. And they don’t like government, and they don’t like to pay taxes.”

Most of the Billionaires I hear about all support higher taxes and the Rats.

RaceBannon

People should get rich the old fashioned way - being a government lifer and collecting money from foreign countries

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Albright Stonebridge Group (ASG) is a global business strategy firm based in Washington, D.C., United States. It was created in 2009 through the merger of international consulting firms The Albright Group and Stonebridge International.[1]

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MikeDamone

End the Fed

Fenderbender123

I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.

HoustonHusky

You want to tax rich people make the corporate tax rate nominal and tax dividends as income.

And watch all the lawyers scream...

2001400ex

Fenderbender123 said:

I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.

See Trump, Donald.

Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.

RaceBannon

2001400ex said:

Fenderbender123 said:

I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.

See Trump, Donald.

Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.

Pathetic

Gwad

RaceBannon

Kyle sounds like a loser

Sledog

2001400ex said:

Fenderbender123 said:

I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.

See Trump, Donald.

Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.

Weren't you just bragging about advantages buying your truck and on taxes because you flip burgers?

2001400ex

Sledog said:

2001400ex said:

Fenderbender123 said:

I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.

See Trump, Donald.

Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.

Weren't you just bragging about advantages buying your truck and on taxes because you flip burgers?

Yup I sure was. That's why I payer a lower tax rate than you as mall cop. Yes I'm actually advocating a system that would not benefit me personally.

2001400ex

RaceBannon said:

2001400ex said:

Fenderbender123 said:

I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.

See Trump, Donald.

Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.

Pathetic

I know, facts bother you.

Gwad

RaceBannon said:

Kyle sounds like a loser

Proof it takes one to know one.

RaceBannon

Gwad said:

RaceBannon said:

Kyle sounds like a loser

Proof it takes one to know one.

You did quote him so that checks out

Do you covet your neighbor's wife too?

RaceBannon

2001400ex said:

RaceBannon said:

2001400ex said:

Fenderbender123 said:

I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.

See Trump, Donald.

Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.

Pathetic

I know, facts bother you.

Trump doesn't pay taxes? Facts?

MikeDamone

2001400ex said:

Fenderbender123 said:

I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.

See Trump, Donald.

Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.

It’s against the law to write of things for personal use.

HTH

LebamDawg

2001400ex said:

Fenderbender123 said:

I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.

See Trump, Donald.

Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.

anybody can write off a yacht and an airplane if writing off personal shit is legal

2001400ex

LebamDawg said:

2001400ex said:

Fenderbender123 said:

I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.

See Trump, Donald.

Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.

anybody can write off a yacht and an airplane if writing off personal shit is legal

They are "business expenses". The bar isn't hard to get there.

2001400ex

RaceBannon said:

2001400ex said:

RaceBannon said:

2001400ex said:

Fenderbender123 said:

I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.

See Trump, Donald.

Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.

Pathetic

I know, facts bother you.

Trump doesn't pay taxes? Facts?

You saw his previous tax return. Your eyes are as good as mine.

MikeDamone

2001400ex said:

LebamDawg said:

2001400ex said:

Fenderbender123 said:

I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.

See Trump, Donald.

Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.

anybody can write off a yacht and an airplane if writing off personal shit is legal

They are "business expenses". The bar isn't hard to get there.

Hondo is a tax cheat. Good to know