F3SS Posted January 8, 2019 #176 Share Posted January 8, 2019 5 hours ago, Gromdor said: Again you are confusing what they have with what they pay. I can tax a guy who makes $100, 90% of his money and a guy that makes $1,000,000 at 1%. At the end of the day the guy making the big bucks is still pay $10,000 while the little guy is paying 90$. By your logic because the big guy is paying 99% of the bills, he needs a tax cut and the little guy needs to step up. Who cares what the rich can afford? Nobody answered my question earlier. What entitles the government to 3/4 of anybody's earnings? It's crazy. After state, local, SS, misc sales, gas, gas guzzler, luxury, property and the litany of micro-taxes inside every phone, cable and utility bill one would be lucky to net 2/10 million dollars. What a racket as that 8 million disappears into the void but who cares because they still have more money than most people? Pfft. 3 1 Link to comment Share on other sites More sharing options...
F3SS Posted January 8, 2019 #177 Share Posted January 8, 2019 Yea she's nuts for sure. She's a race baiter. Didnt know that but not surprised. She also told Anderson cooper who told her that her math was more than fuzzy on whatever she's proposing she said people are more concerned about her being factually correct than being morally right. Typical left wing radical with a moral superiority complex. 1 1 Link to comment Share on other sites More sharing options...
Gromdor Posted January 8, 2019 #178 Share Posted January 8, 2019 6 minutes ago, F3SS said: Who cares what the rich can afford? Nobody answered my question earlier. What entitles the government to 3/4 of anybody's earnings? It's crazy. After state, local, SS, misc sales, gas, gas guzzler, luxury, property and the litany of micro-taxes inside every phone, cable and utility bill one would be lucky to net 2/10 million dollars. What a racket as that 8 million disappears into the void but who cares because they still have more money than most people? Pfft. Because the rich are the ones that profit the most from our system and infrastructure. It's their businesses and properties that are protected by our military and police. Someone has to pay for it and you can't get blood from a stone. I mean, we are all mad at China because of billions in trade deficit but we forgive the same thing for individuals? Isn't the whole point of our tariffs because they are draining too much and we need to re-balance the system? Think of it as a tariff on the 16,000 people who are bleeding out of our system. Sucking the wealth out of a country and populace isn't really a good thing. It reaches a point where they are like crazy cat ladies. How much do you really need before it becomes a mental illness? Look at George Soros. He doesn't own a single factory. He's made his billions just by working our investment system. It's like the super computers wall street has to suck of pennies at a time from market fluctuations. 1 1 Link to comment Share on other sites More sharing options...
F3SS Posted January 8, 2019 #179 Share Posted January 8, 2019 (edited) But you still didnt answer my question. What entitles the government to 3/4 of somebody's earnings? 1/4 is fair, 3/4 is far beyond unreasonable. That's bs if I made 20 million and the Gov steps in and says I owe them 14 million. Who the hell are they? Tyrants? Edited January 8, 2019 by F3SS 2 1 Link to comment Share on other sites More sharing options...
Gromdor Posted January 8, 2019 #180 Share Posted January 8, 2019 5 minutes ago, F3SS said: But you still didnt answer my question. What entitles the government to 3/4 of somebody's earnings? 1/4 is fair, 3/4 is far beyond unreasonable. That's bs if I made 20 million a d the Gov steps in and says I owe them 14 million. Who the hell are they? Tyrants? The same reason why we put tariffs on China. In the long run it is bad for America. 1 Link to comment Share on other sites More sharing options...
CrimsonKing Posted January 8, 2019 #181 Share Posted January 8, 2019 1 hour ago, F3SS said: But you still didnt answer my question. What entitles the government to 3/4 of somebody's earnings? 1/4 is fair, 3/4 is far beyond unreasonable. That's bs if I made 20 million and the Gov steps in and says I owe them 14 million. Who the hell are they? Tyrants? Well...just my opinion,but over the next 2-3 elections the Dems are in for a fracturing that will make the Republican "Never Trumpers" seem like a fart in a hurricane! The Clintons supposedly left the White House almost broke,but in short order were estimated worth nearing $200 million...Nancy Pelosi and her husband estimated net worth near 68 million,and if we look into the rest of the "Dear party" we would no doubt find many,many more multi multi millionares!... Bernie and AOC and others trying to rise up in that party will either be successful in breaking the big cats in their parties banks,or more likely fall in line,know their place,and become just like everything they started out preaching against... I don't see the old guard willingly handing over their lifelong oppertunities and fortunes on a whim...if they were that loving and caring they wouldn't be living in gated communities,with personal security,sitting on their fortunes until the final days when they try to take it with them lol (exactly as rich Republicans do,but Dems are "different" ) 1 1 Link to comment Share on other sites More sharing options...
F3SS Posted January 8, 2019 #182 Share Posted January 8, 2019 (edited) 16 minutes ago, CrimsonKing said: Well...just my opinion,but over the next 2-3 elections the Dems are in for a fracturing that will make the Republican "Never Trumpers" seem like a fart in a hurricane! The Clintons supposedly left the White House almost broke,but in short order were estimated worth nearing $200 million...Nancy Pelosi and her husband estimated net worth near 68 million,and if we look into the rest of the "Dear party" we would no doubt find many,many more multi multi millionares!... Bernie and AOC and others trying to rise up in that party will either be successful in breaking the big cats in their parties banks,or more likely fall in line,know their place,and become just like everything they started out preaching against... I don't see the old guard willingly handing over their lifelong oppertunities and fortunes on a whim...if they were that loving and caring they wouldn't be living in gated communities,with personal security,sitting on their fortunes until the final days when they try to take it with them lol (exactly as rich Republicans do,but Dems are "different" ) If Bernie's her mentor then there's not a lot of guesswork as to where she's heading. He's a sellout. He sold out his campaign and his fans and lives well above his needs contrary to his Marxist rhetoric. She's a sell out too already. She's from the Bronx like vanilla ice was from the hood. She comes from money and has probably lived her whole life out of touch from regular people. Edit: Also, I seen recently that there are over 300 maybe close to 400 millionaires in a Congress who's salaries are 174k. I'm sure a few came in rich but the corruption is blatant. Edited January 8, 2019 by F3SS 1 1 Link to comment Share on other sites More sharing options...
CrimsonKing Posted January 8, 2019 #183 Share Posted January 8, 2019 4 minutes ago, F3SS said: If Bernie's her mentor then there's not a lot of guesswork as to where she's heading. He's a sellout. He sold out his campaign and his fans and lives well above his needs contrary to his Marxist rhetoric. She's a sell out too already. She's from the Bronx like vanilla ice was from the hood. She comes from money and has probably lived her whole life out of touch from regular people. Edit: Also, I seen recently that there are over 300 maybe close to 400 millionaires in a Congress who's salaries are 174k. I'm sure a few came in rich but the corruption is blatant. Yeah Bernie crapped his own bed and then laid down in it... When i see supposed Bernie voters giving Trump s*** about rigging the election when there is damn near 100% proof Hillary cheated Bernie yet...it's not that much of a "biggie",hell Bernout himself when all was revealed thanked Hillary for the KY No doubt man,doesn't matter what they say before they go in...watch their own personal net worth rise over the years,and watch their promises fade!...it's amazing full grown voting age adults keep getting caught up in these fantasy tales every 4 years throughout generations. 1 Link to comment Share on other sites More sharing options...
F3SS Posted January 8, 2019 #184 Share Posted January 8, 2019 One could certainly invest and do extremely well making 174k a year for several years or more so making a few million after 10 years isn't so outrageous but some of these politicians become mega-millionaires and never share their secrets of success. I'd like to know who's made the least. Anyone who's been in office for 10+ years. 1 Link to comment Share on other sites More sharing options...
aztek Posted January 8, 2019 #185 Share Posted January 8, 2019 2 hours ago, F3SS said: But you still didnt answer my question. What entitles the government to 3/4 of somebody's earnings? 1/4 is fair, 3/4 is far beyond unreasonable. That's bs if I made 20 million and the Gov steps in and says I owe them 14 million. Who the hell are they? Tyrants? i'd never make 20 mil in that case, 9,999,999, the rest will be put into trust or llc, and i would still buy my boats, islands, planes but legally it would belong llc, trust.. i'd hire good lawyers and accountants and never pay 70%, it's pretty stupid to expect anything but such actions from rich, just shows how stupid and full of crap she is and those who bough her snake oil just as bad. 1 Link to comment Share on other sites More sharing options...
aztek Posted January 8, 2019 #186 Share Posted January 8, 2019 5 minutes ago, F3SS said: One could certainly invest and do extremely well making 174k a year for several years or more so making a few million after 10 years isn't so outrageous but some of these politicians become mega-millionaires and never share their secrets of success. I'd like to know who's made the least. Anyone who's been in office for 10+ years. they steal, get kickbacks, bribes. there is no secret, that is why they go into politics in a first place. 3 Link to comment Share on other sites More sharing options...
CrimsonKing Posted January 8, 2019 #187 Share Posted January 8, 2019 9 minutes ago, aztek said: they steal, get kickbacks, bribes. there is no secret, that is why they go into politics in a first place. Only Republicans do that though... 2 Link to comment Share on other sites More sharing options...
Sir Wearer of Hats Posted January 8, 2019 #188 Share Posted January 8, 2019 (edited) 1 hour ago, CrimsonKing said: Only Republicans do that though... He’s right. when Democrats do it, they’re called gifts and tokens of thanks or donations to charitable foundations. Edited January 8, 2019 by Sir Wearer of Hats 2 1 2 Link to comment Share on other sites More sharing options...
Gromdor Posted January 8, 2019 #189 Share Posted January 8, 2019 1 hour ago, F3SS said: One could certainly invest and do extremely well making 174k a year for several years or more so making a few million after 10 years isn't so outrageous but some of these politicians become mega-millionaires and never share their secrets of success. I'd like to know who's made the least. Anyone who's been in office for 10+ years. https://www.rollcall.com/news/10_poorest_members_of_congress_owe_big-227786-1.html 1 hour ago, aztek said: i'd never make 20 mil in that case, 9,999,999, the rest will be put into trust or llc, and i would still buy my boats, islands, planes but legally it would belong llc, trust.. i'd hire good lawyers and accountants and never pay 70%, it's pretty stupid to expect anything but such actions from rich, just shows how stupid and full of crap she is and those who bough her snake oil just as bad. You mean the company that generated the income and would normally give you're paycheck would buy those things. It's kind of the point of the 70% tax. Make the company spend it on things instead of giving it as an overinflated paycheck. If it were law, no one would pay themselves more than $20 million. The company would give it to them in tangibles like a company car, etc.. You could use it, but the company would own it. And when you die the company would still own it. Ideally though, you would spend it on improving your companies infrastructure. The idea is to try solve the problem of wealth inequality and ownership of everything in the country to a decreasing few. Not actually increase spending money for the government. We don't want to get to a point where a trillionaire could destroy America just by deciding he doesn't want to be American anymore and liquidating his ownership in half the country or selling it to the Chinese. Soros and Adelson already seem to control/fund all of the politics as it is. 1 Link to comment Share on other sites More sharing options...
aztek Posted January 8, 2019 #190 Share Posted January 8, 2019 (edited) 1 hour ago, Gromdor said: You mean the company that generated the income and would normally give you're paycheck would buy those things. you seriously think laws will ever be ahead of smart accountants and lawyers? lamo. look around, they will always find ways, if you give them a good reason,. billionaires will take money out of usa, and close businesses , and no they would not be the ones destroying usa, but those who made tyrannical laws that drove them away. what's next 75% on 1 mil, then on 100k then for all, and then what 85%...... you think those in power will ever stop? what will destroy america is your socialist, wealth redistribution attitude, and policies, coups and civil wars happen because of it,. and i'd say by history clock one here is overdue. Edited January 8, 2019 by aztek Link to comment Share on other sites More sharing options...
Earl.Of.Trumps Posted January 8, 2019 #191 Share Posted January 8, 2019 11 hours ago, Tatetopa said: Happy Monday Earl. I get where you are coming from on some of your points. Keep in mind, I haven't advocated or mentioned anything about increasing tax rates on the wealthy or corporations. So far, I have been giving you my views on what creates markets and growth, that it is demand, not supply of money to invest. But I want to stop for a fact check here. Read up on Berkshire Hathaway. It is publicly traded and you can buy a share in it if you can afford one. Warren Buffett does not own all of the shares of Berkshire Hathaway. In fact with his net worth of $80 billion against Berkshire's total worth of $618 billion, indicates that he owns about 13% of the company. The other 87% is owned by private investors. They invest with Mr. Buffett because they believe he is smart and has a good track record of making good investments. It is not HIS money, only a part of it is. He has a responsibility to his investors. One of his best qualities apart from his down-to-earth humility is that he takes that responsibility seriously. This doesn't change the topic, but I thought you should know that fact. Regards. Yea, I know, Tat. I was just trying to give a "for instance" but yes, all stockholders are entitled to their pro rata share of the cooperate cash in the event that business is sold. 1 Link to comment Share on other sites More sharing options...
Gromdor Posted January 8, 2019 #192 Share Posted January 8, 2019 (edited) 1 hour ago, aztek said: you seriously think laws will ever be ahead of smart accountants and lawyers? lamo. look around, they will always find ways, if you give them a good reason,. billionaires will take money out of usa, and close businesses , and no they would not be the ones destroying usa, but those who made tyrannical laws that drove them away. what's next 75% on 1 mil, then on 100k then for all, and then what 85%...... you think those in power will ever stop? what will destroy america is your socialist, wealth redistribution attitude, and policies, coups and civil wars happen because of it,. and i'd say by history clock one here is overdue. It didn't destroy America in the 1950's. Wasn't that when America was great? And the rich didn't even pay the 90% tax rate back then, because of the lawyers and tax avoidance. In both instances the highest bracket was for 10,000 to 16,000 people. You're getting hysterical for nothing. I'm merely explaining the theory behind it, I'm not so naive to think that congress and the president would ever do it. Honestly, if it is revolution you are worried about, I'd be more concerned about Ocasio-Cortez or Bernie Sander's followers once they find out they will never be able to enact change via political means. Edited January 8, 2019 by Gromdor 2 Link to comment Share on other sites More sharing options...
Earl.Of.Trumps Posted January 8, 2019 #193 Share Posted January 8, 2019 10 hours ago, Tatetopa said: Greetings Earl, we are not yet on common ground on this one. That's cool. How ya doing? 10 hours ago, Tatetopa said: Where people "invest" their money is where markets are hot and provide a good return at minimal risk. Tax rates are calculated into that return. Where people "stash" their money is in secret of low tax rate areas, Those are off shore tax shelters, Barbados, Cayman Islands,even the Isle of Man. They have zero or very low taxes. Billions of dollars flow into the banks and investment houses of those countries. It makes the bankers, lawyers, and advisers a ton of money. Except for the climate of the Caribbean ones, I bet you wouldn't want to live there, most of the people living there are not even what we would call middle class. For example, lets say you could invest $1000 dollars. You could invest with adviser A who provides you with a $500 dollar per year return, but charges you $100 dollars for the safety and near guarantee of a stable return. You net $400. Or you could invest with Adviser B who provides you with a $400 dollar rate of return (nearly as good) and only charges you a $50 dollars fee. (what a bargain). With cheaper fees, you net $350. You check and find your money is not quite as safe and Adviser B's record is a little spotty. Where do you invest your money? So where does the money in all of those gigantic bank accounts get invested? Where markets are hot; US, China, Brazil and other places The US can maintain an advantage if it has good infrastructure, an educated work force, and a stable government. Investing and stashing are separate. I can agree with all of the above. But one must ask, when Trump lowered the tax rate on businesses, how come all that money came flowing into America? Trump is a smart businessman. His plan worked, that is, the money flowed in, and yes, it was invested domestically. In order to make a business work, you need: A business person with a good plan; a workforce that can be tapped; Funding - from a bank or venture capitalists; and finally, a public willing to buy your product. and the hardest element to come by is.... FUNDING. Lots of people can run a business, lots of people can work, lots of people can buy products,, very few can produce large amount of working capital. Link to comment Share on other sites More sharing options...
Earl.Of.Trumps Posted January 8, 2019 #194 Share Posted January 8, 2019 (edited) 3 hours ago, CrimsonKing said: Yeah Bernie crapped his own bed and then laid down in it... When i see supposed Bernie voters giving Trump s*** about rigging the election when there is damn near 100% proof Hillary cheated Bernie yet...it's not that much of a "biggie",hell Bernout himself when all was revealed thanked Hillary for the KY That's right. That's because I think Bernie had agreed to being the dummy candidate just there to make it look like an actual runoff. But he knew he was destined to lose. Dog and pony show. Anyway, why little "d" dems put up with this I'll never know Quote No doubt man,doesn't matter what they say before they go in...watch their own personal net worth rise over the years,and watch their promises fade!...it's amazing full grown voting age adults keep getting caught up in these fantasy tales every 4 years throughout generations. Edited January 8, 2019 by Earl.Of.Trumps Link to comment Share on other sites More sharing options...
Gromdor Posted January 8, 2019 #195 Share Posted January 8, 2019 4 minutes ago, Earl.Of.Trumps said: That's cool. How ya doing? I can agree with all of the above. But one must ask, when Trump lowered the tax rate on businesses, how come all that money came flowing into America? Trump is a smart businessman. His plan worked, that is, the money flowed in, and yes, it was invested domestically. In order to make a business work, you need: A business person with a good plan; a workforce that can be tapped; Funding - from a bank or venture capitalists; and finally, a public willing to buy your product. and the hardest element to come by is.... FUNDING. Lots of people can run a business, lots of people can work, lots of people can buy products,, very few can produce large amount of working capital. I disagree there. The hardest part is actually coming up with a viable good or service that can compete in the marketplace. Securing a loan or capital is pretty easy. The only people I've seen have capital issues were people who couldn't manage their own personal finances trying to manage a business and it's finances. Of course, you're social network plays a lot into it. I guess I can see someone from the lower end of the middle class struggling with capital just because they aren't associated with people with capital. 1 Link to comment Share on other sites More sharing options...
skliss Posted January 8, 2019 #196 Share Posted January 8, 2019 18 hours ago, Earl.Of.Trumps said: I understand that. But if you tell Warren Buffet that he does not need all that cash and start taking large chunks of it from him arbitrarily, believe me, he will stop investing in the US and a lot of folks like that would move OUT of the US. Also, new entrempeneurs woud cease to exist. You'd essentially have Cuba or North Korea. I think it was 2012 when France raised tax rates to 74% or 75% on the "super rich". So many of them picked up themselves and their money and moved out they had to recind it in 2015. 17 hours ago, Earl.Of.Trumps said: Hey, there are people in Venezuela that support Maduro, too. Of course 3 million have picked up and left the country, but hey! Just heard the other day that the price for a single roll toilet paper in Venezuela is now up to $10.50. 2 Link to comment Share on other sites More sharing options...
RoofGardener Posted January 8, 2019 #197 Share Posted January 8, 2019 15 minutes ago, skliss said: I think it was 2012 when France raised tax rates to 74% or 75% on the "super rich". So many of them picked up themselves and their money and moved out they had to recind it in 2015. Just heard the other day that the price for a single roll toilet paper in Venezuela is now up to $10.50. Surely it would be cheaper to use the currency directly ? 2 Link to comment Share on other sites More sharing options...
aztek Posted January 8, 2019 #198 Share Posted January 8, 2019 Just now, skliss said: I think it was 2012 when France raised tax rates to 74% or 75% on the "super rich". So many of them picked up themselves and their money and moved out they had to recind it in 2015. Just heard the other day that the price for a single roll toilet paper in Venezuela is now up to $10.50. that is why Gérard Depardieu, left France, and became Russian citizen. but he was a public figure so we know about him, millionaires and billionaires who did the same, are not on front page of news. if enough billionaires are pushed, they will all go to Russia, and buy their own gvmnt, lucky for them russian gvmnt a corrupt mob. Link to comment Share on other sites More sharing options...
Gromdor Posted January 8, 2019 #199 Share Posted January 8, 2019 2 hours ago, skliss said: Just heard the other day that the price for a single roll toilet paper in Venezuela is now up to $10.50. Venezuela's top tax bracket is 34%: https://www.nationsencyclopedia.com/Americas/Venezuela-TAXATION.html The low end bracket is at 6%. Lower than the US. 2 Link to comment Share on other sites More sharing options...
RoofGardener Posted January 8, 2019 #200 Share Posted January 8, 2019 2 minutes ago, Gromdor said: Venezuela's top tax bracket is 34%: https://www.nationsencyclopedia.com/Americas/Venezuela-TAXATION.html The low end bracket is at 6%. Lower than the US. Well, perhaps. But their economy is a total basket case. Nobody earns enough to pay the top tax bracket. Link to comment Share on other sites More sharing options...
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