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Former Fed Chair Paul Volcker: ‘We’re in a Hell of a Mess’
Gwad
Member Posts: 2,855
in Tug Tavern
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.”
“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.”
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Most of the Billionaires I hear about all support higher taxes and the Rats.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.” -
People should get rich the old fashioned way - being a government lifer and collecting money from foreign countries
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End the Fed
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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.
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You want to tax rich people make the corporate tax rate nominal and tax dividends as income.
And watch all the lawyers scream... -
See Trump, Donald.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.
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. -
Pathetic2001400ex said:
See Trump, Donald.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.
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. -
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Kyle sounds like a loser
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Weren't you just bragging about advantages buying your truck and on taxes because you flip burgers?2001400ex said:
See Trump, Donald.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.
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.
