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Thread: The Tax Thread

  1. #105
    BamaNation Hall of Fame Bamaro's Avatar
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    Re: The Tax Thread

    FWIW, from Time, Feb 4/Feb 11 2019 pg 75
    In the US, the top 0.1% of the population owns more wealth than the bottom 90%, and the ratio between a top CEO's pay and the pay of a typical worker has grown from 30 to 1 in 1978 to 312 to 1 today

  2. #106
    Senior Administrator TIDE-HSV's Avatar
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    Re: The Tax Thread

    Quote Originally Posted by uafanataum View Post
    I think that is a mistake. The more wealthy people there are, the less people we have living off the government teet when they no longer have income coming in (whether they are retired or we get another huge jump in unemployment). I wonder if we had less of a consumerism society how many less federal workers would have been upset about being furloughed for a month?
    Do you mean you think it's a mistake promoting consumerism (as is being done) or a 17's making a mistake? Because he's not....
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  3. #107
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    Re: The Tax Thread

    Quote Originally Posted by TIDE-HSV View Post
    Do you mean you think it's a mistake promoting consumerism (as is being done) or a 17's making a mistake? Because he's not....
    I took it as promoting consumerism over wealth is a mistake. I agree with that take (with caveats). Judging from history, I'd venture a guess that you have similar leanings. Certainly, balance is required for a healthy economy and I'm not sold on Warren's "solution" in terms of balance though it may have some merit at some point.
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  4. #108
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    Re: The Tax Thread

    Quote Originally Posted by NationalTitles17 View Post
    And reduce GNP? Are you kidding?

    IOW, our government has interest in promoting a consumerist society and little interest in promoting a wealthy society.
    And that interest for promoting consumerism combined with massive deregulation in consumer markets (and no regulation where there is supposed to be, legitimately)is destroying both our society and our planet.


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  5. #109
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    Re: The Tax Thread

    Quote Originally Posted by twofbyc View Post
    And that interest for promoting consumerism combined with massive deregulation in consumer markets (and no regulation where there is supposed to be, legitimately)is destroying both our society and our planet.


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  6. #110
    BamaNation Hall of Fame CharminTide's Avatar
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    Re: The Tax Thread

    You know things are looking grim when the libertarians and socialists start to agree.

  7. #111
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    Re: The Tax Thread

    Quote Originally Posted by CharminTide View Post
    You know things are looking grim when the libertarians and socialists start to agree.
    Classical liberal, really. There are key inherent differences; but you may be right.
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  8. #112
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    Re: The Tax Thread

    In regards to capital flight should her ideas come to fruition, tax overseas “investments” heavily; force them to either redirect that wealth back in to our economy or pay for it.
    Businesses reinvest in themselves now to avoid taxes; make it so the uber- wealthy who want to hide it from Uncle Sam play by the same rules.
    I think reducing capital gains for small cap stocks and venture capital endeavors should be the target; not buying a gazillion shares of Amazon or Apple. Give them a little incentive for reinvesting here.


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  9. #113
    BamaNation Hall of Fame Bamaro's Avatar
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    Re: The Tax Thread

    Since the big orange sphincter will maybe eventually get around to infrastructure repair, where do you think we may get the funding? (hint, it will be borrowed). Seems to me like it would be a good time to increase the fuel tax (gas & diesel) and legislate it to be ONLY used tor transportation issues. It hasn't been increased for 25 years (18.4 and 24.4 cents per gallon respectively)

  10. #114
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    Re: The Tax Thread

    Quote Originally Posted by Bamaro View Post
    Since the big orange sphincter will maybe eventually get around to infrastructure repair, where do you think we may get the funding? (hint, it will be borrowed). Seems to me like it would be a good time to increase the fuel tax (gas & diesel) and legislate it to be ONLY used tor transportation issues. It hasn't been increased for 25 years (18.4 and 24.4 cents per gallon respectively)
    infrastructure week is just around the corner. it is going to be amazeballs
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  11. #115
    BamaNation Hall of Fame CharminTide's Avatar
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    Re: The Tax Thread

    You kidding me? GOP sending smokesignals to the uber-rich and professing their loyalty.

    Top GOP senators propose repealing estate tax, which is expected to be paid by fewer than 2,000 Americans a year

    Three Republican Senators introduced a plan Monday to repeal the federal estate tax, moving to eliminate a tax on a small number of the wealthiest households just as leading Democrats ramp up calls to tax the richest Americans.

    Senate Majority Leader Mitch McConnell (R-Ky.) joined Sens. Charles E. Grassley (R-Iowa) and John Thune (R-SD), members of the Senate Finance Committee, in releasing legislation to permanently repeal the federal estate tax...

    The GOP’s renewed push to outright eliminate the estate tax comes the week after presidential candidate Sen. Elizabeth Warren (D-Mass.) proposed a new 2 percent “wealth tax” on Americans with more than $50 million, as well as a 3 percent tax on those with over $1 billion. Warren’s tax would affect 75,000 of the wealthiest U.S. families.

  12. #116
    BamaNation Hall of Fame 92tide's Avatar
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    Re: The Tax Thread

    Quote Originally Posted by CharminTide View Post
    You kidding me? GOP sending smokesignals to the uber-rich and professing their loyalty.

    Top GOP senators propose repealing estate tax, which is expected to be paid by fewer than 2,000 Americans a year
    they serve their masters. and their base loves them for it.
    The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.

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  13. #117
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    Re: The Tax Thread

    Another screaming endorsement for campaign finance reform.
    And they blame us for trying to start a class war.



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