Elizabeth Warren proposes 'wealth tax' on Americans with more than $50 million in assets
Comments
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Whining? You sound poor and like an economic illiterate though. Also like an envious bitchdhdawg said:ah nothing like a thread of HCH whining about the evils of taxing the uber wealthy.
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I don't disagree but I think there are much bigger opportunities for people in general. Too much to get into. I'd probably just argue myself into a corner if I did.allpurpleallgold said:
Start voting for people that will make people’s lives better. I always see this shit about “the government”. The government is made up of people. Elect better people and you’ll get better results.Fenderbender123 said:I love how creative politicians have to be when they're trying to take more money from people. If they would actually spend tax dollars on shit we wanted, or on shit that's actually necessary to maintain a healthy, civilized society, there wouldn't even be a need for taxes. People would just donate. Instead, they spend our money in the shittiest, most inefficient way possible, so they have to get creative and try to trick people into supporting tax increases by making us think "Yeah, fuck wealthy people. Those fuckers don't need all that wealth...it's just, like, sitting there totally unused, man. Those greedy, arrogant, unskilled, lazy, fat, racist good-for-nothing rich people only got rich by making me poor anyway. So let's tax the fuck out of them. Sure, that won't improve my standard of living because the government sure as fuck isn't going to make my life any better with that money. But that's not important. What's important is that I can sit here and feel good about all those wealthy people getting fucked over. Fuck yeah!"
The republicans deserve a lot of credit for electing Trump. He’s not the guy but they took their shot to get away from scumbag politicians. More than I can say for a shit load of democrats that won’t even take a shot. -
Goods can be purchased outside of the US. I’m not assuming everyone declares their international purchases.PurpleThrobber said:
You pay the VAT tax when you buy the goods. Collection is super easy.HHusky said:
I'm not saying it couldn't work, but it seems like evasion would be an ongoing problem. Much more so than with treating investment income as ordinary income.PurpleThrobber said:
Would be better off with a VAT approach plus a flat tax on earned income (say, somewhere between 17 and 34%, rather easily). High end consumers would pay through the nose. Poor people wouldn't.HHusky said:
I think the bigger problem with the 70% marginal tax rate is that it wouldn't raise that much money. I've already said I'd stop fetishizing investment income. Much simpler than taxing you rich guys 70% on your declared income exceeding $10 million.RaceBannon said:HHusky said:
You driving a tank these days, Race?RaceBannon said:Ike sold the interstate freeway system as national defense
Like a wall
Shit the government is supposed to do
Do we need a 70% tax rate to run interstate roads
Problem solved.
Next. -
Damoan wants a tax increase on the poor and middle class to give the wealthy a huge tax cut. The rich have suffered enough.MikeDamone said:
It’s the only tax I find somewhat tolerable. A tax on income (productivity) is fucking stupid.PurpleThrobber said:
You pay the VAT tax when you buy the goods. Collection is super easy.HHusky said:
I'm not saying it couldn't work, but it seems like evasion would be an ongoing problem. Much more so than with treating investment income as ordinary income.PurpleThrobber said:
Would be better off with a VAT approach plus a flat tax on earned income (say, somewhere between 17 and 34%, rather easily). High end consumers would pay through the nose. Poor people wouldn't.HHusky said:
I think the bigger problem with the 70% marginal tax rate is that it wouldn't raise that much money. I've already said I'd stop fetishizing investment income. Much simpler than taxing you rich guys 70% on your declared income exceeding $10 million.RaceBannon said:HHusky said:
You driving a tank these days, Race?RaceBannon said:Ike sold the interstate freeway system as national defense
Like a wall
Shit the government is supposed to do
Do we need a 70% tax rate to run interstate roads
Problem solved.
Next. -
No I don’t. Lying asswipe.2001400ex said:
Damoan wants a tax increase on the poor and middle class to give the wealthy a huge tax cut. The rich have suffered enough.MikeDamone said:
It’s the only tax I find somewhat tolerable. A tax on income (productivity) is fucking stupid.PurpleThrobber said:
You pay the VAT tax when you buy the goods. Collection is super easy.HHusky said:
I'm not saying it couldn't work, but it seems like evasion would be an ongoing problem. Much more so than with treating investment income as ordinary income.PurpleThrobber said:
Would be better off with a VAT approach plus a flat tax on earned income (say, somewhere between 17 and 34%, rather easily). High end consumers would pay through the nose. Poor people wouldn't.HHusky said:
I think the bigger problem with the 70% marginal tax rate is that it wouldn't raise that much money. I've already said I'd stop fetishizing investment income. Much simpler than taxing you rich guys 70% on your declared income exceeding $10 million.RaceBannon said:HHusky said:
You driving a tank these days, Race?RaceBannon said:Ike sold the interstate freeway system as national defense
Like a wall
Shit the government is supposed to do
Do we need a 70% tax rate to run interstate roads
Problem solved.
Next. -
You’re the honest thiefHHusky said:
I think the bigger problem with the 70% marginal tax rate is that it wouldn't raise that much money. I've already said I'd stop fetishizing investment income. Much simpler than taxing you rich guys 70% on your declared income exceeding $10 million.RaceBannon said:HHusky said:
You driving a tank these days, Race?RaceBannon said:Ike sold the interstate freeway system as national defense
Like a wall
Shit the government is supposed to do
Do we need a 70% tax rate to run interstate roads -
Again someone answer the question of how you think you have the right to another persons property?
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That's what switching to a VAT would do. Or do you not even know the consequences of the policies you want?MikeDamone said:
No I don’t. Lying asswipe.2001400ex said:
Damoan wants a tax increase on the poor and middle class to give the wealthy a huge tax cut. The rich have suffered enough.MikeDamone said:
It’s the only tax I find somewhat tolerable. A tax on income (productivity) is fucking stupid.PurpleThrobber said:
You pay the VAT tax when you buy the goods. Collection is super easy.HHusky said:
I'm not saying it couldn't work, but it seems like evasion would be an ongoing problem. Much more so than with treating investment income as ordinary income.PurpleThrobber said:
Would be better off with a VAT approach plus a flat tax on earned income (say, somewhere between 17 and 34%, rather easily). High end consumers would pay through the nose. Poor people wouldn't.HHusky said:
I think the bigger problem with the 70% marginal tax rate is that it wouldn't raise that much money. I've already said I'd stop fetishizing investment income. Much simpler than taxing you rich guys 70% on your declared income exceeding $10 million.RaceBannon said:HHusky said:
You driving a tank these days, Race?RaceBannon said:Ike sold the interstate freeway system as national defense
Like a wall
Shit the government is supposed to do
Do we need a 70% tax rate to run interstate roads
Problem solved.
Next. -
You’re a fucking simple mind. And a dumbfuck. Explain to me the “policies” I want. In detail.2001400ex said:
That's what switching to a VAT would do. Or do you not even know the consequences of the policies you want?MikeDamone said:
No I don’t. Lying asswipe.2001400ex said:
Damoan wants a tax increase on the poor and middle class to give the wealthy a huge tax cut. The rich have suffered enough.MikeDamone said:
It’s the only tax I find somewhat tolerable. A tax on income (productivity) is fucking stupid.PurpleThrobber said:
You pay the VAT tax when you buy the goods. Collection is super easy.HHusky said:
I'm not saying it couldn't work, but it seems like evasion would be an ongoing problem. Much more so than with treating investment income as ordinary income.PurpleThrobber said:
Would be better off with a VAT approach plus a flat tax on earned income (say, somewhere between 17 and 34%, rather easily). High end consumers would pay through the nose. Poor people wouldn't.HHusky said:
I think the bigger problem with the 70% marginal tax rate is that it wouldn't raise that much money. I've already said I'd stop fetishizing investment income. Much simpler than taxing you rich guys 70% on your declared income exceeding $10 million.RaceBannon said:HHusky said:
You driving a tank these days, Race?RaceBannon said:Ike sold the interstate freeway system as national defense
Like a wall
Shit the government is supposed to do
Do we need a 70% tax rate to run interstate roads
Problem solved.
Next. -
Well if you think the tax on productivity is stupid and a VAT is the only one that is tolerable..... You tell me what that means.MikeDamone said:
You’re a fucking simple mind. And a dumbfuck. Explain to me the “policies” I want. In detail.2001400ex said:
That's what switching to a VAT would do. Or do you not even know the consequences of the policies you want?MikeDamone said:
No I don’t. Lying asswipe.2001400ex said:
Damoan wants a tax increase on the poor and middle class to give the wealthy a huge tax cut. The rich have suffered enough.MikeDamone said:
It’s the only tax I find somewhat tolerable. A tax on income (productivity) is fucking stupid.PurpleThrobber said:
You pay the VAT tax when you buy the goods. Collection is super easy.HHusky said:
I'm not saying it couldn't work, but it seems like evasion would be an ongoing problem. Much more so than with treating investment income as ordinary income.PurpleThrobber said:
Would be better off with a VAT approach plus a flat tax on earned income (say, somewhere between 17 and 34%, rather easily). High end consumers would pay through the nose. Poor people wouldn't.HHusky said:
I think the bigger problem with the 70% marginal tax rate is that it wouldn't raise that much money. I've already said I'd stop fetishizing investment income. Much simpler than taxing you rich guys 70% on your declared income exceeding $10 million.RaceBannon said:HHusky said:
You driving a tank these days, Race?RaceBannon said:Ike sold the interstate freeway system as national defense
Like a wall
Shit the government is supposed to do
Do we need a 70% tax rate to run interstate roads
Problem solved.
Next.
