Draining the Swamp

[Martin Hash]

Capital Gains is the biggest scam of all, and proof that government is controlled by the monied elites. There didn’t used to be special rates for Capital Gains.

[Martin Hash]

The bottom line is people who work for their money; who produce something, anything, should get low tax rates or none at all; and people who exploit the operation of imaginary money should pay the high rates.

[SuburbanFarmer]

The bottom line is people who work for their money; who produce something, anything, should get low tax rates or none at all; and people who exploit the operation of imaginary money should pay the high rates.

Now that has potential.

[C-Mag]

The bottom line is people who work for their money; who produce something, anything, should get low tax rates or none at all; and people who exploit the operation of imaginary money should pay the high rates.

How bout we dont have a tax system custom made to make oligarchs untouchable.

I'm not sure that just tax rates or capital gains is what its about. The entire system is rigged for the few. Theres nothing to promote middle class, or crawling out of poverty

[Martin Hash]

Previous to Reagan it was working fine but he brought rates down from 70% to 28%. If a richy can only keep 30% of their income they make much different decisions than if they get to keep 72%! It’s a mathematical certainly that wealth will concentrate under today’s scenario.

[C-Mag]

That's certainly been a factor.

100 years TR busted up monopolies and rightly so. Now, not only do we have monopolies, but in the case of big tech, the govt is working hand in glove.

The US relationship with big business has to change dramatically

[Fife]

Yeah, "trust-busting" used to really show em back in the day.

More legislation and litigation tailor-made of, by, and for the connected corporations, that'll fix it up!

Dismantle D.C., revoke all corporate charters, and ... well, that's a start.

[TheOneX]

Previous to Reagan it was working fine but he brought rates down from 70% to 28%. If a richy can only keep 30% of their income they make much different decisions than if they get to keep 72%! It’s a mathematical certainly that wealth will concentrate under today’s scenario.

History has proven, under our current way of doing taxes, the rich will always find a way to significantly reduce the amount of taxes they pay. When you are that wealthy it becomes cheaper to hide your money than to pay those taxes. This is why you need a taxation scheme that makes it impossible to avoid.

[C-Mag]

Take Bat Aids, we have safe, cheap drugs to treat it, yet our gov will pimp you out for untested drugs and big Pharma profits........ if you die ?

[Martin Hash]

Previous to Reagan it was working fine but he brought rates down from 70% to 28%. If a richy can only keep 30% of their income they make much different decisions than if they get to keep 72%! It’s a mathematical certainly that wealth will concentrate under today’s scenario.

History has proven, under our current way of doing taxes, the rich will always find a way to significantly reduce the amount of taxes they pay. When you are that wealthy it becomes cheaper to hide your money than to pay those taxes. This is why you need a taxation scheme that makes it impossible to avoid.

Creative ways to utilize money is just what this country needs: jobs, industries, skills. Transferring it into hidden bank accounts always was criminal.