Joe Biden's Tax Plan

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Atreus21

Lifer
Aug 21, 2007
12,001
571
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Sure, when interest rates rise.

Do you consider the debt a problem? If so, how do you feel about the fact that Republicans increase the debt more than Democrats?

I'm displeased by it, but only because I consider it responsible to address debt. Apparently no one considers the national debt to be a debt in that sense.

But my point: If the government gives no signal that it wants to conform its spending to its revenue, then we shouldn't accept one more penny of additional taxation. On anyone. It's despicable that the government regards wealthy people with envious eyes.
 

fskimospy

Elite Member
Mar 10, 2006
88,225
55,767
136
I'm displeased by it, but only because I consider it responsible to address debt. Apparently no one considers the national debt to be a debt in that sense.

Well sure, the national debt isn’t a debt in the way people generally think of it. People usually think of it like their credit card but that’s deeply ignorant.

But my point: If the government gives no signal that it wants to conform its spending to its revenue, then we shouldn't accept one more penny of additional taxation. On anyone. It's despicable that the government regards wealthy people with envious eyes.

So by your logic should we cut tax rates to zero?
 
Dec 10, 2005
29,561
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But my point: If the government gives no signal that it wants to conform its spending to its revenue, then we shouldn't accept one more penny of additional taxation. On anyone. It's despicable that the government regards wealthy people with envious eyes.
Where were you and other conservatives when we were cutting the legs out from under Federal revenues when we gave a $2 trillion tax cut to people that didn't really need it?

It's despicable that wealthy people think they can sit like dragons on their wealth, as if they collected it all as if they were an island. This country and its society have provided them a substantial benefit that they are not contributing their fair share towards supporting.
 

Atreus21

Lifer
Aug 21, 2007
12,001
571
126
Well sure, the national debt isn’t a debt in the way people generally think of it. People usually think of it like their credit card but that’s deeply ignorant.

So by your logic should we cut tax rates to zero?

No. I think we should all be taxed equally.
 

Atreus21

Lifer
Aug 21, 2007
12,001
571
126
Where were you and other conservatives when we were cutting the legs out from under Federal revenues when we gave a $2 trillion tax cut to people that didn't really need it?

Speaking for myself, I was shrugging my shoulders. No one has cared about deficit spending since....I don't know when.

It's despicable that wealthy people think they can sit like dragons on their wealth, as if they collected it all as if they were an island.

They don't.

This country and its society have provided them a substantial benefit that they are not contributing their fair share towards supporting.

I'm sure there are some rich people who might meet that description. But others, like Bill Gates and others like him, have enriched the country far more than the country has him.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,686
136

Atreus21

Lifer
Aug 21, 2007
12,001
571
126
But we were taxed more as of just recently. Would it be wrong to restore that?

I oppose any increase from the status quo. Higher taxes - we spend X. Lower taxes - we spend X. If government spending isn't at all informed by revenue, then we may as well as have low taxes.
 

fskimospy

Elite Member
Mar 10, 2006
88,225
55,767
136
I oppose any increase from the status quo. Higher taxes - we spend X. Lower taxes - we spend X. If government spending isn't at all informed by revenue, then we may as well as have low taxes.

So then you should logically support a tax rate of zero. That’s the end result of what you say.

Do you?
 

Atreus21

Lifer
Aug 21, 2007
12,001
571
126
So then you should logically support a tax rate of zero. That’s the end result of what you say.

Do you?

I just said I oppose any increase from the status quo because the government is irresponsible. I don't oppose taxation itself on principle.
 

fskimospy

Elite Member
Mar 10, 2006
88,225
55,767
136
I just said I oppose any increase from the status quo because the government is irresponsible. I don't oppose taxation itself on principle.
So what is the status quo? Was it before the most recent tax cuts? Was it in the 90s? When?

If any time taxes are cut that’s the new status quo then you endorse an eventual tax rate of zero.

Do you?
 
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Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,686
136
I just said I oppose any increase from the status quo because the government is irresponsible. I don't oppose taxation itself on principle.

Irresponsible like the 2017 GOP tax cuts for the Rich?
 

blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
Who said it was static?


More taxcuts for the sacred job creators means more trickle down, right? Of course it does!

Trickle down doesnt work. But I have no problems with tax cuts for the rich. You act like it take money out of the poors pockets. Protip: it doesnt.
 

uclaLabrat

Diamond Member
Aug 2, 2007
5,632
3,046
136
So what is the status quo? Was it before the most recent tax cuts? Was it in the 90s? When?

If any time taxes are cut that’s the new status quo then you endorse an eventual tax rate of zero.

Do you?
I wouldn't push too hard. Clearly he's thinking relative to his current situation; pushing him out of the box into absolutes and limits is going to be uncomfortable.
 
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fskimospy

Elite Member
Mar 10, 2006
88,225
55,767
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I wouldn't push too hard. Clearly he's thinking relative to his current situation; pushing him out of the box into absolutes and limits is going to be uncomfortable.

Well that’s kind of my point - had we asked him in 2016 he probably would say that current level of taxation was right. Then in 2017 Republicans cut taxes for rich people so now that is the new ‘right’. Now there apparently the right level of taxation. He already has an absolutist position, I’m just trying to make him recognize it.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,686
136
Trickle down doesnt work. But I have no problems with tax cuts for the rich. You act like it take money out of the poors pockets. Protip: it doesnt.

If it doesn't, why has there been a massive shift of income to the tippy-top? Magic?
 

fskimospy

Elite Member
Mar 10, 2006
88,225
55,767
136
Trickle down doesnt work. But I have no problems with tax cuts for the rich. You act like it take money out of the poors pockets. Protip: it doesnt.
I’m confused as to the logic here unless you are also arguing that government debt is irrelevant.
 

Atreus21

Lifer
Aug 21, 2007
12,001
571
126
So what is the status quo? Was it before the most recent tax cuts? Was it in the 90s? When?

The status quo is right now.

If any time taxes are cut that’s the new status quo then you endorse an eventual tax rate of zero.

Do you?

Again, I oppose any increase until the government shows its willing to adapt its spending to its revenue. Until that point, I oppose any increases.

I do not support a tax rate of zero. I don't think there should be zero taxation.
 

ecogen

Golden Member
Dec 24, 2016
1,217
1,288
136
The status quo is right now.



Again, I oppose any increase until the government shows its willing to adapt its spending to its revenue. Until that point, I oppose any increases.

I do not support a tax rate of zero. I don't think there should be zero taxation.

I wish people would shut up about issues they don't understand.
 
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fskimospy

Elite Member
Mar 10, 2006
88,225
55,767
136
The status quo is right now.

Again, I oppose any increase until the government shows its willing to adapt its spending to its revenue. Until that point, I oppose any increases.

I do not support a tax rate of zero. I don't think there should be zero taxation.

Do you similarly oppose all future tax cuts?
 

ecogen

Golden Member
Dec 24, 2016
1,217
1,288
136
Trickle down doesnt work. But I have no problems with tax cuts for the rich. You act like it take money out of the poors pockets. Protip: it doesnt.

So, let's get this straight. If there was a hypothetical law passed that magically set the tax rate for "rich people" to 0 that would not have any consequences for the "poor", as you put it. Am I getting this right?