Paul Ryan's (R) Roadmap

[JS80]

His plan would create an aristocracy in the US. The wealthy would inherit money and accumulate dividends while paying no taxes, while the people working for a living would bear all of the burden. This is a Republican wet dream.

The mass majority of wealth is created, not inherited. Thanks to modern finance and the federal reserve system, your fear would never materialize. But thanks for playing.

 

[Darwin333]

Here is his roadmap:

---------------> ditch

So its pretty much on par with our current roadmap?

 

[werepossum]

I think the FairTax, where everyone pays equally on what they spend and the poorest are subsidized, is an excellent idea to replace all federal taxes. But a VAT on top of the existing income and payroll taxes is a horrid idea, it merely gives the government another tax to raise. I also think there is a good case to be made for classifying dividends as taxable wage income rather than as capital gains. Consider John Edwards; while he was a practicing attorney he incorporated his law firm, paying himself a small salary (taxed at 33 percent) and millions in dividends (taxed at 15 percent) even while decrying "those rich people not paying their fair share." I'd venture to say that wage income is similarly converted to capital gains many times, without any societal benefit from investment which justifies the lower rate. If savings account income is taxable at the higher rate, so too should stock dividends.

 

[theeedude]

The mass majority of wealth is created, not inherited. Thanks to modern finance and the federal reserve system, your fear would never materialize. But thanks for playing.

Does not change the fact that under this plan, inherited wealth would not be taxed, while earned wealth would be. But thanks for playing.

 

[Throckmorton]

It's working great actually. I work for a tech company that's owned by a Private Equity firm that's funded by bazillionaires. I have a high salary and stock options, and I will be financially rewarded when I help sell the company. I'd rather billionaires keep their own money rather than have government take it and hand it over to an unemployed dumb ass average looking douche like you.

How exactly is a "bazillionaire" taxed on money that funds your company?

And well do you think your employer would fair in a country without unemployment benefits?

 

[SammyJr]

The mass majority of wealth is created, not inherited. Thanks to modern finance and the federal reserve system, your fear would never materialize. But thanks for playing.

Modern finance has already created an aristocracy.

 

[Throckmorton]

The mass majority of wealth is created, not inherited. Thanks to modern finance and the federal reserve system, your fear would never materialize. But thanks for playing.

It sounds like you consider wealth transfer to be the same as wealth creation

 

[JS80]

How exactly is a "bazillionaire" taxed on money that funds your company?

And well do you think your employer would fair in a country without unemployment benefits?

1) Bazillionaire presumeably earned it with a. wages taxed at wage rates, and/or b. investment income taxed at capital gains rate, which was wage rates pre-W, 15% post W for long term capital gains.
2) And gains they make in the private equity investment would be taxed at 15% if sold before 2011, and at Obama-rates afterwards.

My employer would "fair" just fine in a country without unemployment benefits because in a country without unemployment benefits, the unemployed person would seek work vs sitting on his ass collecting free money.

 

[SammyJr]

It sounds like you consider wealth transfer to be the same as wealth creation

Its more that he values wealth creation via financial services funny money more than wealth creation by actually creating a good or service of value.

 

[JS80]

Its more that he values wealth creation via financial services funny money more than wealth creation by actually creating a good or service of value.

Dot com millionaires who fund venture capital and private equity created their wealth from funny money? You make it sound like these firms are funded by the federal reserve.

 

[Jhhnn]

Dot com millionaires who fund venture capital and private equity created their wealth from funny money? You make it sound like these firms are funded by the federal reserve.

They created it the same way investment bankers created their bonuses- fluff up the "value" of the product, sell to investors, take your cut off the top, and say sayonara, suckers...

 

[ModestGamer]

Has anyone read Paul Ryan's roadmap or gotten the highlights of it?

This article summarizes it nicely:

http://www.jsonline.com/news/statepolitics/102505334.html

Ryan is taking no prisoners with this ambitious plan, I wish others (Mcconnell and Boner) would stone up and support it.

Ryan is frank when he says he doesn't see tax policy as an income redistribution tool.

Also, he's spot on saying comparing his Medicare plan to Medicare in it's current form is a fantasy, since Medicare is not sustainable.

If all these measures were to be passed, in my opinion, this could do a complete 180 to our economy and set America up for economic dominance throughout the 21st century.

the current aggregated tax rates in the USA is

drum roll please !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1


50 fucking percent

50 FUCKING PERCENT

Thats right.

total goverment revenue for all goverments in the USA is 7.4 trillion.

GDP is 14.4 trillion give or take a few billion.

the aggregate tax rates is

50 Fucking Percent and it has to be paid or Fat Ass Bob and his 4 cop buddies can't get lifetime retirement packages worth MILLIONS !!!!! Along with the High School Janitor, The Kindergarten teacher , and that fat mouthy bitch at the DMV.

Folks the TAX RATES ARE ALREADY TO FUCKING HIGH AND INCOME TAX CHANGES WON'T FIX IT!!!!

IDIOTS !

 

[SammyJr]

Dot com millionaires who fund venture capital and private equity created their wealth from funny money? You make it sound like these firms are funded by the federal reserve.

No, they run some scam like the housing or .com bubble, create fake wealth, cash it out, and watch everything crash down.

 

[ModestGamer]

No, they run some scam like the housing or .com bubble, create fake wealth, cash it out, and watch everything crash down.

Stock market comes to mind. They should call it a casino.