Platinum Contributing Member Highmark Posted September 24, 2019 Platinum Contributing Member Share Posted September 24, 2019 Thoughts on Bernie's new proposal? All I can say is what a nightmare each and every year on reporting asset values. You would see wealth leave the country like never before. Worth $10 billion plan on coughing up $800,000,000 in taxes above and beyond any you currently pay. https://www.foxnews.com/politics/sanders-ups-the-ante-with-higher-wealth-tax-proposal-than-warrens-plan Sanders ups ante with higher wealth tax proposal than Warren’s: ‘Billionaires should not exist’ Sanders' plan, if enacted into law, would place a 1 percent tax on net worth over $32 million, a 2 percent tax on net worth between $50 million and $250 million, and a 3 percent tax on net worth between $250 million and $500 million. The proposed Sanders tax would increase to 4 percent net worth from $500 million to $1 billion, 5 percent for net worth from $1 billion to $2.5 billion, and ultimately reach 8 percent for wealth over $10 billion. Quote Link to comment Share on other sites More sharing options...
racer254 Posted September 24, 2019 Share Posted September 24, 2019 5 minutes ago, Highmark said: Thoughts on Bernie's new proposal? All I can say is what a nightmare each and every year on reporting asset values. You would see wealth leave the country like never before. Worth $10 billion plan on coughing up $800,000,000 in taxes above and beyond any you currently pay. https://www.foxnews.com/politics/sanders-ups-the-ante-with-higher-wealth-tax-proposal-than-warrens-plan Sanders ups ante with higher wealth tax proposal than Warren’s: ‘Billionaires should not exist’ Sanders' plan, if enacted into law, would place a 1 percent tax on net worth over $32 million, a 2 percent tax on net worth between $50 million and $250 million, and a 3 percent tax on net worth between $250 million and $500 million. The proposed Sanders tax would increase to 4 percent net worth from $500 million to $1 billion, 5 percent for net worth from $1 billion to $2.5 billion, and ultimately reach 8 percent for wealth over $10 billion. Personally, any tax should not be based on a set numeric value, but instead something like a percent of GDP. Has to be something that goes up and down based on the economy. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted September 24, 2019 Share Posted September 24, 2019 5 minutes ago, racer254 said: Personally, any tax should not be based on a set numeric value, but instead something like a percent of GDP. Has to be something that goes up and down based on the economy. wealth goes up and down based on the economy so using your logic a wealth tax would be fair. TBH i think there should be a higher tax rate on the super rich, a tax on asset value would probably be the best way to address it since for many their taxed income is low. I think his numbers are too high but the intention is not bad. Quote Link to comment Share on other sites More sharing options...
Anler Posted September 24, 2019 Share Posted September 24, 2019 2 hours ago, Angry ginger said: wealth goes up and down based on the economy so using your logic a wealth tax would be fair. TBH i think there should be a higher tax rate on the super rich, a tax on asset value would probably be the best way to address it since for many their taxed income is low. I think his numbers are too high but the intention is not bad. I am in the top tax bracket and I pay a higher percentage of tax than these guys do. But the beat offs who make less and still pay a higher percentage of tax than the billionaires do will defend them and their bought and paid for lower tax to the death. I dont get it... Not that I want higher taxes but we are $22 trillion in debt and have a $1 trillion dollar deficit (and growing) and these guys get tax breaks? Maybe if they had to pay more tax they would pound harder on the politicians to be more fiscally responsible so we all could enjoy lower taxes... Chive on beat offs! Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted September 24, 2019 Share Posted September 24, 2019 3 minutes ago, Anler said: I am in the top tax bracket and I pay a higher percentage of tax than these guys do. But the beat offs who make less and still pay a higher percentage of tax than the billionaires do will defend them and their bought and paid for lower tax to the death. I dont get it... Not that I want higher taxes but we are $22 trillion in debt and have a $1 trillion dollar deficit (and growing) and these guys get tax breaks? Maybe if they had to pay more tax they would pound harder on the politicians to be more fiscally responsible so we all could enjoy lower taxes... Chive on beat offs! It’s a fine line finding the balance that incentivizes investment, ie., rich peoples money vs. raising enough tax receipts to fund the cost of government. Sanders and Warren are fucking quacks. If you want to see billions of dollars go off shore, try implementing either of these plans. Until we have some type of real political revolution in this country around government spending, these schemes will continue to get floated. The government is too big and costs too much money. That’s the 800 lb. elephant that keeps getting ignored. 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted September 24, 2019 Share Posted September 24, 2019 14 minutes ago, Anler said: I am in the top tax bracket and I pay a higher percentage of tax than these guys do. But the beat offs who make less and still pay a higher percentage of tax than the billionaires do will defend them and their bought and paid for lower tax to the death. I dont get it... Not that I want higher taxes but we are $22 trillion in debt and have a $1 trillion dollar deficit (and growing) and these guys get tax breaks? Maybe if they had to pay more tax they would pound harder on the politicians to be more fiscally responsible so we all could enjoy lower taxes... Chive on beat offs! What do they know that you don't? Quote Link to comment Share on other sites More sharing options...
Anler Posted September 24, 2019 Share Posted September 24, 2019 2 minutes ago, DriftBusta said: It’s a fine line finding the balance that incentivizes investment, ie., rich peoples money vs. raising enough tax receipts to fund the cost of government. Sanders and Warren are fucking quacks. If you want to see billions of dollars go off shore, try implementing either of these plans. Until we have some type of real political revolution in this country around government spending, these schemes will continue to get floated. The government is too big and costs too much money. That’s the 800 lb. elephant that keeps getting ignored. Kind of my point. They want to enjoy the benefits of the american commerce system but they dont want to contribute? Fuck them. They can operate their business and enjoy the safe interstate and shipping infrastructure, the safe financial systems, their intellectual property protected by the courts and all of the other infrastructure that was built with tax dollars to facilitate commerce but they dont want to contribute? They make the local govts beg and pay them to do business in their states so they can keep more of their money and we allow them to offshore their profits so they dont have to contribute? And we are happy with being stuck with the bill? Nigga pleeze... 2 2 Quote Link to comment Share on other sites More sharing options...
Anler Posted September 24, 2019 Share Posted September 24, 2019 1 minute ago, ArcticCrusher said: What do they know that you don't? Everybody knows. Politicians get paid off, its not a secret. The politicians we elect to serve us are getting paid to fuck us. well what can we do...? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted September 25, 2019 Platinum Contributing Member Share Posted September 25, 2019 5 hours ago, Anler said: Everybody knows. Politicians get paid off, its not a secret. The politicians we elect to serve us are getting paid to fuck us. well what can we do...? Vote em out after a term or two , before they make connections. Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 25, 2019 Share Posted September 25, 2019 I agree....billionaires should not exist Quote Link to comment Share on other sites More sharing options...
Edmo Posted September 25, 2019 Share Posted September 25, 2019 How about mandatory charitable giving? A certain percentage. Give it to someone that actually needs it. The gov’t will just take a torch to the money. Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 25, 2019 Share Posted September 25, 2019 1 minute ago, Edmo said: How about mandatory charitable giving? A certain percentage. Give it to someone that actually needs it. The gov’t will just take a torch to the money. 100% inheritance tax in everything over 100 million. 1 Quote Link to comment Share on other sites More sharing options...
jtssrx Posted September 25, 2019 Share Posted September 25, 2019 40 minutes ago, f7ben said: I agree....billionaires should not exist Why? Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 25, 2019 Share Posted September 25, 2019 (edited) 3 minutes ago, jtssrx said: Why? Because they hold too much influence and pass on that influence to their progeny who arent likely to be exceptional people Edited September 25, 2019 by f7ben Quote Link to comment Share on other sites More sharing options...
spin_dry Posted September 25, 2019 Share Posted September 25, 2019 (edited) Billionaires buy the politicians that write the rules. And then there’s the pathetic US Constitution and bill of rights. give the little guys their guns and internet porn and they’ll keep quiet. Edited September 25, 2019 by spin_dry Quote Link to comment Share on other sites More sharing options...
motonoggin Posted September 25, 2019 Share Posted September 25, 2019 Eat the rich Quote Link to comment Share on other sites More sharing options...
Zambroski Posted September 25, 2019 Share Posted September 25, 2019 12 minutes ago, motonoggin said: Eat the rich Start at my ass. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted September 25, 2019 Platinum Contributing Member Share Posted September 25, 2019 11 minutes ago, motonoggin said: Eat the rich 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted September 25, 2019 Share Posted September 25, 2019 6 hours ago, Anler said: Kind of my point. They want to enjoy the benefits of the american commerce system but they dont want to contribute? Fuck them. They can operate their business and enjoy the safe interstate and shipping infrastructure, the safe financial systems, their intellectual property protected by the courts and all of the other infrastructure that was built with tax dollars to facilitate commerce but they dont want to contribute? They make the local govts beg and pay them to do business in their states so they can keep more of their money and we allow them to offshore their profits so they dont have to contribute? And we are happy with being stuck with the bill? Nigga pleeze... Dont want to contribute? Enjoy the benefits of the American commerce system? Christ that was a page out of Elizabeth Warrens playbook. Any notion that limits what someones net worth can be is a non starter on 100 levels Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 25, 2019 Share Posted September 25, 2019 7 minutes ago, DriftBusta said: Dont want to contribute? Enjoy the benefits of the American commerce system? Christ that was a page out of Elizabeth Warrens playbook. Any notion that limits what someones net worth can be is a non starter on 100 levels You and you're braindead kind cant die fast enough 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted September 25, 2019 Share Posted September 25, 2019 1 minute ago, f7ben said: You and you're braindead kind cant die fast enough Triggered much? What are you a half bottle balls deep into the V.O. Or something? Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 25, 2019 Share Posted September 25, 2019 (edited) 1 minute ago, DriftBusta said: Triggered much? What are you a half bottle balls deep into the V.O. Or something? I left a nice shit on the carpet of your safe space for you Edited September 25, 2019 by f7ben Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted September 25, 2019 Share Posted September 25, 2019 1 minute ago, f7ben said: I left a nice shit on the carpet of your safe space for you Oh good. Hopefully you feel better after getting it off your chest. Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted September 25, 2019 Share Posted September 25, 2019 23 minutes ago, DriftBusta said: Oh good. Hopefully you feel better after getting it off your chest. Hahahaha. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted September 25, 2019 Author Platinum Contributing Member Share Posted September 25, 2019 "I fucking hate govt." "I don't trust govt." "Lets give them as much money and power as possible." 1 Quote Link to comment Share on other sites More sharing options...
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