Posted on 08/01/2018 12:06:00 PM PDT by Brian Griffin
So the income tax is better?
Tax the rich..because you had a shitty "retail" job.
Tax the rich...because you didn't make much money.
So in your mind....what is "rich"?
“nobody has an incentive”
I gave an example of Terry & Paul having to pay a grand total of $1,200/year on $1.7 million in net worth.
Every day workers show up at thousands of McDonald’s to work, few of who will ever see half of $1.7 million.
The incentive I’m trying to create is to get government in DC and elsewhere under control.
OK. Abolish the income tax. Don't impose a "wealth tax". Reduce the size, scope, power and cost of government to that which is mandated by the Constitution.
I disagree with the premise. I would prefer that the country go bankrupt and re-organize into multiple different countries, just like the Soviet Union.
BTW, I have some cryptocurrency. Try to tax that.
I disagree with the premise. I would prefer that the country go bankrupt and re-organize into multiple different countries, just like the Soviet Union.
BTW, I have some cryptocurrency. Try to tax that.
Did you mean to post this at Democrat Underground and took the wrong exit off the information superhighway?
Thankfully my state is sane and reasonable for now...........
I think the income tax is wrong. You are taxing people’s who are trying to support themselves. I’m somewhere in between on this subject, especially Hollywood, athletes, people like Kerry, Kennedy’s, trust fund babies (think Paris, etc) and best of all Bernie! They just hire lawyers to protect their money from taxes
“Your numbers show that you think a stock that has $100,000 in paper value can be sold for $100,000, and that everyone can do it. The actual dynamics of that is the instant everyone tries to sell 10% of the stock, the stock price plummets in price. That $100,000 might only $50,000 instantly.”
It’s at most 4% of the share outstanding.
The wealthy know well what you are saying, so they will sell over time.
Until spending is under control the rest is a waste of time and someone’s hard earned cash.
“What part of 16th Amendment nullifies the Direct Tax Clause with regard to a wealth tax?”
In my opinion, The “16th Amendment nullifies the Direct Tax Clause”, period.
The Supreme Court may disagree.
“Taxing wealth means you tax productivity, period. At least a labor tax, once levied, is done. A wealth tax levies over and over and over and over.”
No red state seems to have any problem taxing property (and its owners) to pay for leftist indoctrination of minors in what are called schools.
>>No red state seems to have any problem taxing property (and its owners) to pay for leftist indoctrination of minors in what are called schools.<<
And some don’t. It isn’t a national policy nor should it be.
And those who choose to NOT buy property do NOT get taxed after their initial toil tax. It might not be fair but the decision to purchase property also means you voluntarily accept the taxes.
No, fuch off Brian.
This is how the income tax was presented.
Never trust anyone proposing new taxes.
“Your name is not Brian Griffin, it is Karl Marx. Take your communist suggestion and shove it up your ass.”
Karl’s suggestion, plank 2 of the Communist Manifesto, was for a progressive income tax, which his loyal followers foisted on us in 1913. This was sold in the USA as a tax on wealth.
Karl Marx never suggested a wealth tax, I believe. He was in favor of simply grabbing all the property, except for the personal tools of workers.
“I have well in excess of 7 figures and that is through thrift and toil. It is not for you nor anyone else to lay claim to that just because I did not spend it — which is what this plan would force people to do.”
Most pots with 7 figures have gotten augmented by government overspending.
Feel free to tell me how your pot is different.
“It might not be fair but the decision to purchase property also means you voluntarily accept the taxes.”
[They were $225/year the first year my mom lived in the house.]
“It might not be fair but the decision to”
acquire or create wealth
“also means you voluntarily accept the taxes.”
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