GrumpyCatFace wrote:
I'd absolutely have sympathy regarding that, if they were actually paying those rates. However, we both know that's not the case.
The income gap is worsened by far, due to all the loopholes and games played by the upper class.
So paying 15% tax on $300,000.00+ / year income is not a "fair share"? Again, the issue isn't the rate of taxation - it's an income distribution problem. Trying to redistribute wealth via tax policies only increases government power and encourages corruption.
I think the left would make far more progress if they would just conceded taxes are too high and asked the GOP to start looking at ways to fix the income gap without increasing taxes - but as this would lead to a decrease in government power - they won't....that says a lot about their motivations/intent right there.
An no - I'm not pushing a full "bottom up" approach...
15% on 300k? No, that is not even close to a "fair share", when the shmucks are paying 25% on the starvation wages.
Even if both groups managed to keep it around 15%, the guy with 300k will afford himself an attorney to assist with shell corps, LLCs in the Caymans, and God-knows-what to end up with about 5%.
Close all the loopholes, and we can talk rates. If anything, they need to be far higher, on the tiny bit of income that the Uppers can't shuffle away.
I would be for a flat 15% tax rate with no loopholes.
Question - why do you think tax rates have to be higher? That equates to you thinking the government needs to be bigger....
and history shows the bigger a government, the more corrupt it becomes and the worse the income gap becomes...
So paying 15% tax on $300,000.00+ / year income is not a "fair share"? Again, the issue isn't the rate of taxation - it's an income distribution problem. Trying to redistribute wealth via tax policies only increases government power and encourages corruption.
I think the left would make far more progress if they would just conceded taxes are too high and asked the GOP to start looking at ways to fix the income gap without increasing taxes - but as this would lead to a decrease in government power - they won't....that says a lot about their motivations/intent right there.
An no - I'm not pushing a full "bottom up" approach...
15% on 300k? No, that is not even close to a "fair share", when the shmucks are paying 25% on the starvation wages.
Even if both groups managed to keep it around 15%, the guy with 300k will afford himself an attorney to assist with shell corps, LLCs in the Caymans, and God-knows-what to end up with about 5%.
Close all the loopholes, and we can talk rates. If anything, they need to be far higher, on the tiny bit of income that the Uppers can't shuffle away.
I would be for a flat 15% tax rate with no loopholes.
Question - why do you think tax rates have to be higher? That equates to you thinking the government needs to be bigger....
and history shows the bigger a government, the more corrupt it becomes and the worse the income gap becomes...
I am all for lower rates with no loopholes. That was one of the very few things that I was hopeful Trump would accomplish. Sadly, that dream is gone now.
Given that we still have the current rats nest of exemptions, loopholes, and subsidies, it makes absolutely no sense to lower the existing rates, unless it's on the bottom brackets.
Even if both groups managed to keep it around 15%, the guy with 300k will afford himself an attorney to assist with shell corps, LLCs in the Caymans, and God-knows-what to end up with about 5%.
Really? Do you even math bro? For 300K, 15% is 45k.
You think a good tax attorney, setting up an LLC, only cost something under 30k? Really?
And an LLC in the caymans what is that going to do? You do realize that once that money is made in the US, moving it to the caymans does jack shit? If they have not already taxed it thru withholding the IRS will get that money. You think the Cayman island banks give a flying fuck for 30K? Shit like this is where you jacobins fail and show your stupidity. 300K is the bad guy? Really? The real tax dodges and shell corps and trusts all that good shit is pocket change till you get to the $10,000,000 mark.
I listened to that and somehow couldn't help thinking...
"We may have to miss payroll payments, cut school funding, cause women, children, and the elderly to be starving on the streets in lice infested cardboard boxes... But whatever we do, we can't default on our credit cards (bonds) because we've always been good for them, and we couldn't survive without being able to borrow ever increasing amounts of money to 'balance' our budget. If the rest of you have to eat soggy roach infested corn flakes so we can pay them back, so be it. We can't live within a budget, we're government."
I don't feel bad for the people of IL - they voted for this shit.....it's their elected government - obviously they're incapable of governing themselves....
I listened to that and somehow couldn't help thinking...
"We may have to miss payroll payments, cut school funding, cause women, children, and the elderly to be starving on the streets in lice infested cardboard boxes... But whatever we do, we can't default on our credit cards (bonds) because we've always been good for them, and we couldn't survive without being able to borrow ever increasing amounts of money to 'balance' our budget. If the rest of you have to eat soggy roach infested corn flakes so we can pay them back, so be it. We can't live within a budget, we're government."
Seriously
Fuck the banks.
No man's life, liberty, or property are safe while the legislature is in session
Too simplistic of a statement - Did the banks lobby for ridiculous state benefits? No, for once the banks didn't cause this shit - the people of IL caused this - because [here's the kicker]....collectively, the people of IL are incapable of self-governance...They lack the intelligence, discipline, wisdom, and common sense to run a government.....
Hmmm....Who has been in control of IL for the last century?
Too simplistic of a statement - Did the banks lobby for ridiculous state benefits? No, for once the banks didn't cause this shit - the people of IL caused this - because [here's the kicker]....collectively, the people of IL are incapable of self-governance...They lack the intelligence, discipline, wisdom, and common sense to run a government.....
Hmmm....Who has been in control of IL for the last century?
While you're 100% correct, why not use the violence of the state against its creditors rather than its people?
No man's life, liberty, or property are safe while the legislature is in session
:GO TEAM DNC:
