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Is Republican base beginning a shift away from tax cuts for the rich?

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Jhhnn said:
Owning a home is a good thing. Buying one with stars in your eyes about the terms of the loan isn't. Extending credit to people under such circumstances is immoral, as is selling the toxic assets created to investors. They'd loan money to anybody at the time while the Bush admin regulators whistled Dixie.

They all knew the fix was in, that the Greenspan put was in place after the LTCM scandal. We can't let the financial sector fail because they're bad actors. We have to prevent them from becoming bad actors. That didn't happen.
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This is PURELY the responsibility of the lenders not the government. I know you want to blame the GOP for this, but its not their fault. Its the banks fault. Period.

So Im not sure what your point is.
 
Ajay said:
Word salad, no evidence. What a surprise. Well look at this. What an interesting correlation between tax rates and the distribution of wealth. The fair distribution of wealth strengthens the middle class - the true engine of the economic productivity (the tide that is supposed to lift all boats). View attachment 3086
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Explain to me how taxing say, 5 billion dollars, on the top 1%, transfers that money to the middle class or the poor. Because the government is not sending them checks.
 
glenn1 said:
True love is having the means to voluntarily help your family, but waiting until the government sends a bureaucrat to care for them instead with the taxes it compelled you to pay. Good thing you waited to help them until the taxes to do so were passed, you voting for them no doubt warms their hearts. Unless they died waiting for the funds to help which had to be taxed from you, in which case their hearts will still be cold, err room temperature that is.
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Paying 90% of my income so everyone, not only my family, can be cared for, housed and fed, is a price I’m willing to pay. Watching the government take 90% of your income while you violently fill your diaper will just be a pleasure.

I really, really hope you don’t die of sepsis on the hospital floor. That would just be awful and not at all hilarious.
 
blackangst1 said:
Explain to me how taxing say, 5 billion dollars, on the top 1%, transfers that money to the middle class or the poor. Because the government is not sending them checks.
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1549548672329.jpg

First off, more than $5B will be earned by the government - much more if done correctly. 400 people have more wealth than half the nation! Just think about that - 400! The government can use the extra income for job training & education to make sure working class ppl are prepared for the jobs industry needs, probably with grants to states. Through these taxes and other means, we could offer a 'Medicare' for all, with properly negotiated drug prices that would improve the health of working class individuals, through more timely intervention, and substantially lower their healthcare costs. The wealthy are either able to self fund, or purchase generous private insurance. All of these would increase financial mobility for the middle class and poor.

Ideally, companies would demonstrate a priority for their workers, their means of production and key wealth generator, over their investors. Then such taxation and programs wouldn’t be as high a priority, but the current financial system is biased strongly against this - and there is considerable evidence that capitalism functionality tends towards the concentration of wealth unless government intervenes to reverse this innate trend.
 
Ajay said:
First off, more than $5B will be earned by the government - much more if done correctly. 400 people have more wealth than half the nation! Just think about that - 400! The government can use the extra income for job training & education to make sure working class ppl are prepared for the jobs industry needs, probably with grants to states. Through these taxes and other means, we could offer a 'Medicare' for all, with properly negotiated drug prices that would improve the health of working class individuals, through more timely intervention, and substantially lower their healthcare costs. The wealthy are either able to self fund, or purchase generous private insurance. All of these would increase financial mobility for the middle class and poor.

Ideally, companies would demonstrate a priority for their workers, their means of production and key wealth generator, over their investors. Then such taxation and programs wouldn’t be as high a priority, but the current financial system is biased strongly against this - and there is considerable evidence that capitalism functionality tends towards the concentration of wealth unless government intervenes to reverse this innate trend.
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I get that. Extra income to provide services. That wasnt my question though. Wealth generally doesnt include things like job aid, medical care, or subsidies. Its generall agreed that wealth includes things like assets, money, etc. So back to my question. How would taxing the top 1% transfer wealth to the middle or lower class? Here's a hint: It wont. Yes, many would benefit from all the new services but taxation wont close the wealth gap.
 
blackangst1 said:
I get that. Extra income to provide services. That wasnt my question though. Wealth generally doesnt include things like job aid, medical care, or subsidies. Its generall agreed that wealth includes things like assets, money, etc. So back to my question. How would taxing the top 1% transfer wealth to the middle or lower class? Here's a hint: It wont. Yes, many would benefit from all the new services but taxation wont close the wealth gap.
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"How does taxing rich people to fund services and payments to the poor and middle class transfer wealth?" is perhaps the most idiotic question I've ever seen on these boards, and that is one impressive summit.
 
Blackjack200 said:
"How does taxing rich people to fund services and payments to the poor and middle class transfer wealth?" is perhaps the most idiotic question I've ever seen on these boards, and that is one impressive summit.
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Well youre right the answer is pretty obvious. It transfers wealth the government.
 
blackangst1 said:
Well youre right the answer is pretty obvious. It transfers wealth the government.
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Considering the looming environmental crisis in your yard and heading in your door soon that's a good thing. Of course the leaders in government have to understand that, but it appears more are. But the problem isn't the 1%, it's more the 0.01% who have the startling increase in fortunes.

The 0.1% earn roughly 1.5 mil a year. Anything above that is taxed at 70%. Anything above ten mil is at 90%. Anything over 50 mil is 100%.

So people can still be a billionaire over time and use the rest combined with no more ridiculous tax-free corporation schemes to fix serious issues like warming. Also trim the military budget and cap it.
 
blackangst1 said:
This is PURELY the responsibility of the lenders not the government. I know you want to blame the GOP for this, but its not their fault. Its the banks fault. Period.

So Im not sure what your point is.
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Something people often overlook when it comes to the financial crisis is that there was an absolutely colossal amount of fraud going on with the banks doing the lending and basically none of it was punished.

I mean absolutely mind boggling levels of fraud, and it went on for years.
 
fskimospy said:
Something people often overlook when it comes to the financial crisis is that there was an absolutely colossal amount of fraud going on with the banks doing the lending and basically none of it was punished.

I mean absolutely mind boggling levels of fraud, and it went on for years.
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Absolutely. If you havent done so I think you would enjoy the link in my sig.
 
All the rich need to do to perpetuate their vast disparity of wealth is to spend some of it creating millions of marching morons droning on and on about the evils of socialism.
 
blackangst1 said:
I get that. Extra income to provide services. That wasnt my question though. Wealth generally doesnt include things like job aid, medical care, or subsidies. Its generall agreed that wealth includes things like assets, money, etc. So back to my question. How would taxing the top 1% transfer wealth to the middle or lower class? Here's a hint: It wont. Yes, many would benefit from all the new services but taxation wont close the wealth gap.
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You would need to rein in CEO pay—I.e. CEOs of publicly-traded companies would pay a 100% (dollar for dollar) tax on any income above a certain multiple of lowest paid salaried worker or above a certain % of shareholder return. The only way to avoid the tax is pay frontline workers more or reduce CEO pay.
 
UNCjigga said:
You would need to rein in CEO pay—I.e. CEOs of publicly-traded companies would pay a 100% (dollar for dollar) tax on any income above a certain multiple of lowest paid salaried worker or above a certain % of shareholder return. The only way to avoid the tax is pay frontline workers more or reduce CEO pay.
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Wow.
 
Moonbeam said:
All the rich need to do to perpetuate their vast disparity of wealth is to spend some of it creating millions of marching morons droning on and on about the evils of socialism.
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Perpetuate isn't the right word. It's about More. It's about Winning. It's about hoarding and insatiable greed presented as virtue.
 
It doesn't matter if Americans like an idea or not. As soon as they find out liberals are for it then it is the worst thing ever. If Democrats really want to get shit done they need to come out as racist/misogynist xenophobes who want to give everything to the rich and cut all other government services and agencies. Conservatives will be falling all over themselves to explain why those are now bad things and how great socialism is.
 
UNCjigga said:
You would need to rein in CEO pay
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When I was in college one of my professors talked about how some nations reign in CEO pay. I never fact checked it, but the concept was interesting.

Want to make sure people get paid fairly? Pass a law saying the CEO can make no more than 10X the lowest paid employee. That 10X includes everything, stock options, perks, bonuses.... etc.

So if a CEO made $1 million a year, the lowest paid employee had to make $100k a year.

This would end companies like Disney paying their CEOs hundreds of millions, while employees are barely able to get by.
 
dank69 said:
It doesn't matter if Americans like an idea or not. As soon as they find out liberals are for it then it is the worst thing ever. If Democrats really want to get shit done they need to come out as racist/misogynist xenophobes who want to give everything to the rich and cut all other government services and agencies. Conservatives will be falling all over themselves to explain why those are now bad things and how great socialism is.
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That name calling and false accusations is why the democrat party is losing ground.

Why can't people have a decent conversation without all the "racist/misogynist xenophobe" comments, which is a flat out lie.

Keep in mind demcorats fought against every step forward on civil rights for centuries. Even today they "pretend" to promote civil rights while killing unborn children.

~~ EDIT ~~

I am still waiting on proof the new tax laws benefited the rich more than anyone else.
 
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