New Democrat Plan To Tax The Rich, Taxing Assets. Will It Work?

vantexan

Well-Known Member
customers dont always act in their own best interests

for example i use google and i think google sucks

ppl buy :censored2:ty apple hearing stuff and beats.
OK, according to rickyb no one ever looks for better prices. Never. He knows. He's frivolous with his money so everyone else must be too.
 

rickyb

Well-Known Member
You said they weren't competitors. And you LOLed it as if you know what you're talking about. You regurgitate anti capitalist talking points all the time without demonstrating knowledge of how things work.
we are in the age of monopolies

google is prime example. amazon. walmart. the banks. car makers. etc
 

Gotta Go

Well-Known Member
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Up In Smoke

Well-Known Member
And it's that investing by the wealthy that underpins the economy and creates jobs. That's why they are allowed to do this. And you are allowed to participate if you create enough wealth that needs to be sheltered from tax and spend schemes.
The US economy is driven by consumption. If the average person was asked to pay 30% or more additional for all purchases, IMO, consumption would be reduced or driven underground. I believe taxing consumption is the fairest method, but will never happen.
 

vantexan

Well-Known Member
The US economy is driven by consumption. If the average person was asked to pay 30% or more additional for all purchases, IMO, consumption would be reduced or driven underground. I believe taxing consumption is the fairest method, but will never happen.
As I recall the Fair Tax was at about 23% but of course that was before about $26 trillion was added to the debt. You're right, it isn't likely, but it would be a better system than now.
 

bacha29

Well-Known Member
america used to tax corportions and the rich and you were much better country back then

you keep cutting taxes for the rich and you economy keeps getting worse. arent bailouts for the rich higher than ever? probably a sign of late stage empire.
Proponents of the Trump tax cuts ignored CBO and GAO warnings that it would significantly increase the deficit. The Trumpsters and the MAGA's claimed that it would grow and modernize the US economy. Well, of the current 32 billion deficit 8 billion of it was added during the 4 Trump years.

And in the end we will still have to borrow more money just to repair the most critical infrastructure.
 

vantexan

Well-Known Member
Proponents of the Trump tax cuts ignored CBO and GAO warnings that it would significantly increase the deficit. The Trumpsters and the MAGA's claimed that it would grow and modernize the US economy. Well, of the current 32 billion deficit 8 billion of it was added during the 4 Trump years.

And in the end we will still have to borrow more money just to repair the most critical infrastructure.
The deficit is the amount between what is taken in and what is spent. The national debt isn't the deficit. And the Trump tax cuts brought more revenue into the coffers, not less. It was a spending issue, not a funding issue.
 

BrownFlush

Woke Racist Reigning Ban King
Rich people bad.
Tax bad rich people more. Make them pay their fair share.
Give to poor. Poor people good. Make them lay on their asses. It's only fair.
 

bacha29

Well-Known Member
The deficit is the amount between what is taken in and what is spent. The national debt isn't the deficit. And the Trump tax cuts brought more revenue into the coffers, not less. It was a spending issue, not a funding issue.
What are you talking about, The prop0sed Trump budgets all contained deficit spending which in turn was rolled over year after year to the national debt. The GOP which is an all symbolism party promotes itself as responsible public guardians of the public coffers ignored credible projections from qualified sources that the tax cuts would in fact add to the national overall debt.

The only debt the GOP had was to the wealthy donors who bankrolled their campaigns and demanded a return on their investment.
 

Wally

BrownCafe Innovator & King of Puns
Proponents of the Trump tax cuts ignored CBO and GAO warnings that it would significantly increase the deficit. The Trumpsters and the MAGA's claimed that it would grow and modernize the US economy. Well, of the current 32 billion deficit 8 billion of it was added during the 4 Trump years.

And in the end we will still have to borrow more money just to repair the most critical infrastructure.
Dems didn't cut a thing? Why not? They had total control and spent even more?
 

Wally

BrownCafe Innovator & King of Puns
Rich people bad.
Tax bad rich people more. Make them pay their fair share.
Give to poor. Poor people good. Make them lay on their asses. It's only fair.
Will billionaires just roll over and take a 25 percent tax on their assets?
 

Wally

BrownCafe Innovator & King of Puns
71% of all federal spending is mandated by long standing finished rule of law. So just exactly where do you want to cut spending?
Can't change the law? Democrats are the only ones that can fix the spending problem. If Republicans do it, that is starving children and killing old folk.
 
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