Communist Revolution Has Begun

[The Conservative]

The word “earn” does not apply to imaginary money begetting more imaginary money.

“Capitalism inevitably results in aristocracy.” - me

“Aristocracy is Capitalism’s ultimate demise.” - me

Then reduce the cost of the loss of 90% of your check won't send you homeless...

No?

Then deal with the current system to make it work.

[Martin Hash]

The problem IS aristocracy. There’s always a Left but they don’t get empowered unless there’s a clear aristocracy. Unfortunately, it’s the bourgeoisie (Middle Class) who get guillotined.

p.s. There’s no one on this forum, or has ever been on this forum, who would pay Inheritance taxes, or even progressive tax rates for that matter. I could have been except I didn’t die, and I always reinvested my earnings.

[AverageJoe]

Well this ought to help their cause some. Speak of the House labeled Republicans as enemies of the state.

https://www.dailywire.com/news/as-viole ... =mattwalsh

[The Conservative]

The current Inheritance tax exclusion is almost $24 mil for a couple; that’s ample to set your heirs up. If they can’t make a go of their own business with that, fuck ‘em.

No one pays high progressive tax rates because they invest it or let their underlings get it rather than the gov.

There shouldn’t be any other taxes. Taxes should only be used to prevent aristocracies; if gov needs money, they can print it like they do now.

No... 5.4 Million, and it's taxed at 40%... Sorry, but you need to come down to reality.

[C-Mag]

Well this ought to help their cause some. Speak of the House labeled Republicans as enemies of the state.

https://www.dailywire.com/news/as-viole ... =mattwalsh

I agree, Republicans like Romney and Kasich are enemies of the State.

Seriously though, how many Republicans are really standing up for Trump. Few and far between. I don't see any senior, powerful Republicans doing anything to help Trump or an overall GOP victory this Fall.

[TheOneX]

Well this ought to help their cause some. Speak of the House labeled Republicans as enemies of the state.

https://www.dailywire.com/news/as-viole ... =mattwalsh

They like to project what they are doing onto their opposition.

[Martin Hash]

The current Inheritance tax exclusion is almost $24 mil for a couple; that’s ample to set your heirs up. If they can’t make a go of their own business with that, fuck ‘em.

No one pays high progressive tax rates because they invest it or let their underlings get it rather than the gov.

There shouldn’t be any other taxes. Taxes should only be used to prevent aristocracies; if gov needs money, they can print it like they do now.

No... 5.4 Million, and it's taxed at 40%... Sorry, but you need to come down to reality.

Dude, I’m a CPA. Google before you post. And the 40% is AFTER the exclusion, but my plan would make the testator gift that money to other people in $1million chunks. People would rejoice when a billionaire died because 1000 people would become millionaires.

[The Conservative]

The current Inheritance tax exclusion is almost $24 mil for a couple; that’s ample to set your heirs up. If they can’t make a go of their own business with that, fuck ‘em.

No one pays high progressive tax rates because they invest it or let their underlings get it rather than the gov.

There shouldn’t be any other taxes. Taxes should only be used to prevent aristocracies; if gov needs money, they can print it like they do now.

No... 5.4 Million, and it's taxed at 40%... Sorry, but you need to come down to reality.

Dude, I’m a CPA. Google before you post. And the 40% is AFTER the exclusion, but my plan would make the testator gift that money to other people in $1million chunks. People would rejoice when a billionaire died because 1000 people would become millionaires.

Congrats, you are a CPA... have you not noticed yet titles mean shit to a lot of people here. Back up what you say, don't throw titles out there and expect us to go "Ohhhh, shiny."

I digress, so how? Amuse me... please.

You may not need to take such extreme measures if you actually taxed the full value of a person's income instead of stopping at $137,700 which is the maximum SS can be taxed at, we remove the cap and just make income taxable? Make SS solvent again?

Or how about We stop half-assing the tax system and actually create something that benefits the people instead of just a minority.

You get taxed on income, you get taxed on what you buy (in most states) you get taxed and penalized on not taking out enough, but if you give too much you aren't given excess money back.

I don't need to be a CPA to realize that the tax system is broken.

Create a flat tax of 12% Fed, and 5% state (for those who chose to do so), you get taxed on what you make, and that's it. If the sate and fed can't handle it, then they reduce the budget. If we as the people need to pinch our belts, then the government needs to as well.

Perhaps raising all boats will give the people more income and actually more money to tax? I don't know, seems simple to me.

[Martin Hash]

SS is artificially insolvent. It could be paid for just like the COVID payments & tax cuts are, by printing money. The only reason SS is “insolvent” is because the 1935 law that established it said no more could be paid out than was paid in. Change the law; don’t use “insolvency” for fear-mongering.

[Martin Hash]

Taxes are regressive and unneeded. The only legitimate reason for taxes is to redistribute wealth.