Bernie makes outrageous comment on Trump budget

[Winston]

You people are absolutely clueless. You got to be rich to know how this shit works. I doubt a single one of you will ever come up against the estate tax. I will. Under this proposal, well I stand to gain more than most of you will make in a lifetime. Hundreds of acres of family land nestled in the Blue Ridge mountains, some of it GRANTED BY THE KING. No estate tax AND the step-up, my kids will never have to strike a lick. That is IMMORAL.

Thanks for being extremely pretentious and the hissy fit.

Nothing is stopping you from donating whatever you like to the government.

Keep your socialism out of my money and my country cupcake..

Please do not insult my intelligence with AEI. And even worse, a PHD in Economics from George Mason ain't worth two shits.


Here I thought you patriots would want to support your country financially instead of your never ending whining about taxes.

Why socialism always fails • AEI

Please do not insult my intelligence with AEI. And even worse, a PHD in Economics from George Mason ain't worth two shits. Might as well call it a Koch blowjob degree.

Only a complete fool would believe Keynesian economics is viable… Socialism has never worked long term in the history of the planet… Fact

Really?

Thus the six years since 2008 have provided strong empirical support for the supposedly outmoded Keynesian view that government borrowing is more powerful than monetary policy in stimulating severely depressed economies and pulling them out of recession. In a sense, it is odd that the power of fiscal policy has come as a surprise – or that it continues to be categorically denied by the German government and the U.S. Tea Party. The underlying reason why fiscal policy is so important in recessions, and has now come to dominate over monetary policy, is a matter of simple arithmetic that should not be open to debate

The takeaway from six years of economic troubles? Keynes was right.

 

[NightFox]

Bernie Sanders called Trump's budget "grotesquely immoral". Thank God this socialist scum bag didn't get elected or else we'd be talking about increased taxes on the middle class and rich and more big government. Sanders: Trump budget is 'grotesquely immoral'

bernie is a bit of a hypocrite.

Yet, the rich should pay their share.

And the IRS says they do.

Actually according to the IRS says they pay more than their "share"...

High Income Earners (over $250K a year)
Earn approximately 28% of the total AGI
Pay 55% of the total federal income tax burden

All other earners earn 72% of the total AGI
Pay 45% of the total federal income tax burden

What percent of the wealth do they own?

What difference does that make? Are we taxing wealth in addition to income now?

 

[Rustic]

Thanks for being extremely pretentious and the hissy fit.

Nothing is stopping you from donating whatever you like to the government.

Keep your socialism out of my money and my country cupcake..

Please do not insult my intelligence with AEI. And even worse, a PHD in Economics from George Mason ain't worth two shits.


Here I thought you patriots would want to support your country financially instead of your never ending whining about taxes.

Why socialism always fails • AEI

Please do not insult my intelligence with AEI. And even worse, a PHD in Economics from George Mason ain't worth two shits. Might as well call it a Koch blowjob degree.

Only a complete fool would believe Keynesian economics is viable… Socialism has never worked long term in the history of the planet… Fact

Really?

Thus the six years since 2008 have provided strong empirical support for the supposedly outmoded Keynesian view that government borrowing is more powerful than monetary policy in stimulating severely depressed economies and pulling them out of recession. In a sense, it is odd that the power of fiscal policy has come as a surprise – or that it continues to be categorically denied by the German government and the U.S. Tea Party. The underlying reason why fiscal policy is so important in recessions, and has now come to dominate over monetary policy, is a matter of simple arithmetic that should not be open to debate

The takeaway from six years of economic troubles? Keynes was right.

That is the problem with you progressives why don't you keep that shit to yourself because it does not work for us the rest of us. It takes a village shit does not work in real life - maybe in some safe space for snowflakes?

Fatal Flaws of Keynesian Economics

 

[Winston]

bernie is a bit of a hypocrite.

Yet, the rich should pay their share.

And the IRS says they do.

Actually according to the IRS says they pay more than their "share"...

High Income Earners (over $250K a year)
Earn approximately 28% of the total AGI
Pay 55% of the total federal income tax burden

All other earners earn 72% of the total AGI
Pay 45% of the total federal income tax burden

What percent of the wealth do they own?

What difference does that make? Are we taxing wealth in addition to income now?

It makes a huge difference.

Look, I agree, the wealthy pay too much of the total tax burden. But the rich, they LOVE IT LIKE THIS. They pay most of the tax burden, but they own DAMN NEAR ALL THE INCOME PRODUCING ASSETS.

We can fix the problem. We just increase the marginal tax rate on the wealthy. Hell, all we really have to do is tax unearned income the same as earned income and eliminate the cap on income subject to Social Security taxes. But when marginal tax rates were significantly higher the wealthy paid a significantly lower percentage of the total tax burden. There are very real, and very concrete reasons for this. It really is fundamental economics. And when I say fundamental, well there hasn't been any "new" viable economic concept introduced in more than a hundred years.

 

[Rustic]

keynesian economics is death to small business… Fact

 

[Winston]

Please do not insult my intelligence with AEI. And even worse, a PHD in Economics from George Mason ain't worth two shits.


Here I thought you patriots would want to support your country financially instead of your never ending whining about taxes.

Why socialism always fails • AEI

Please do not insult my intelligence with AEI. And even worse, a PHD in Economics from George Mason ain't worth two shits. Might as well call it a Koch blowjob degree.

Only a complete fool would believe Keynesian economics is viable… Socialism has never worked long term in the history of the planet… Fact

Really?

Thus the six years since 2008 have provided strong empirical support for the supposedly outmoded Keynesian view that government borrowing is more powerful than monetary policy in stimulating severely depressed economies and pulling them out of recession. In a sense, it is odd that the power of fiscal policy has come as a surprise – or that it continues to be categorically denied by the German government and the U.S. Tea Party. The underlying reason why fiscal policy is so important in recessions, and has now come to dominate over monetary policy, is a matter of simple arithmetic that should not be open to debate

The takeaway from six years of economic troubles? Keynes was right.

That is the problem with you progressives why don't you keep that shit to yourself because it does not work for us the rest of us. It takes a village shit does not work in real life - maybe in some safe space for snowflakes?

Fatal Flaws of Keynesian Economics

Oh shit, now the American Spectator? Seriously? And I beat that guy got his PHD at George Mason too. Idiots.

 

[Winston]

keynesian economics is death to small business… Fact

That is about the most ignorant statement I have ever seen. Says who, George Mason University?

 

[Bleipriester]

Bernie Sanders called Trump's budget "grotesquely immoral". Thank God this socialist scum bag didn't get elected or else we'd be talking about increased taxes on the middle class and rich and more big government. Sanders: Trump budget is 'grotesquely immoral'

bernie is a bit of a hypocrite.

Yet, the rich should pay their share.

And the IRS says they do.

Probably because the rich have ways to reduce their share to zero.

According to the IRS, the top 5% of wage earners pay 88% of income taxes collected! Perhaps there should be a minimum tax so the 47% of Americans who currently don't pay income taxes have to pay something so they some skin in the game!

A wage earner cannot legally evade taxes.

 

[Rustic]

Why socialism always fails • AEI

Please do not insult my intelligence with AEI. And even worse, a PHD in Economics from George Mason ain't worth two shits. Might as well call it a Koch blowjob degree.

Only a complete fool would believe Keynesian economics is viable… Socialism has never worked long term in the history of the planet… Fact

Really?

Thus the six years since 2008 have provided strong empirical support for the supposedly outmoded Keynesian view that government borrowing is more powerful than monetary policy in stimulating severely depressed economies and pulling them out of recession. In a sense, it is odd that the power of fiscal policy has come as a surprise – or that it continues to be categorically denied by the German government and the U.S. Tea Party. The underlying reason why fiscal policy is so important in recessions, and has now come to dominate over monetary policy, is a matter of simple arithmetic that should not be open to debate

The takeaway from six years of economic troubles? Keynes was right.

That is the problem with you progressives why don't you keep that shit to yourself because it does not work for us the rest of us. It takes a village shit does not work in real life - maybe in some safe space for snowflakes?

Fatal Flaws of Keynesian Economics

Oh shit, now the American Spectator? Seriously? And I beat that guy got his PHD at George Mason too. Idiots.

Keynesian economics may work for you progressives in your utopia, why don't you just keep them for yourself leave the rest of us out of it?
Your Socialism does not require our participation.
Socialism is death to small business… My livelihood.

 

[Jimmy_Chitwood]

Thanks for being extremely pretentious and the hissy fit.

Nothing is stopping you from donating whatever you like to the government.

Keep your socialism out of my money and my country cupcake..

Please do not insult my intelligence with AEI. And even worse, a PHD in Economics from George Mason ain't worth two shits.


Here I thought you patriots would want to support your country financially instead of your never ending whining about taxes.

Why socialism always fails • AEI

Please do not insult my intelligence with AEI. And even worse, a PHD in Economics from George Mason ain't worth two shits. Might as well call it a Koch blowjob degree.

Only a complete fool would believe Keynesian economics is viable… Socialism has never worked long term in the history of the planet… Fact

Really?

Thus the six years since 2008 have provided strong empirical support for the supposedly outmoded Keynesian view that government borrowing is more powerful than monetary policy in stimulating severely depressed economies and pulling them out of recession. In a sense, it is odd that the power of fiscal policy has come as a surprise – or that it continues to be categorically denied by the German government and the U.S. Tea Party. The underlying reason why fiscal policy is so important in recessions, and has now come to dominate over monetary policy, is a matter of simple arithmetic that should not be open to debate

The takeaway from six years of economic troubles? Keynes was right.

So he said we would be 20 Trillion (an increasing) in debt?

That is the plan?

 

[Rustic]

keynesian economics is death to small business… Fact

That is about the most ignorant statement I have ever seen. Says who, George Mason University?

In socialist societies small business sucks... fact

 

[Jimmy_Chitwood]

bernie is a bit of a hypocrite.

Yet, the rich should pay their share.

And the IRS says they do.

Actually according to the IRS says they pay more than their "share"...

High Income Earners (over $250K a year)
Earn approximately 28% of the total AGI
Pay 55% of the total federal income tax burden

All other earners earn 72% of the total AGI
Pay 45% of the total federal income tax burden

What percent of the wealth do they own?

What difference does that make? Are we taxing wealth in addition to income now?

He would love to.

He is so jealous of our money

 

[Jimmy_Chitwood]

Yet, the rich should pay their share.

And the IRS says they do.

Actually according to the IRS says they pay more than their "share"...

High Income Earners (over $250K a year)
Earn approximately 28% of the total AGI
Pay 55% of the total federal income tax burden

All other earners earn 72% of the total AGI
Pay 45% of the total federal income tax burden

What percent of the wealth do they own?

What difference does that make? Are we taxing wealth in addition to income now?

It makes a huge difference.

Look, I agree, the wealthy pay too much of the total tax burden. But the rich, they LOVE IT LIKE THIS. They pay most of the tax burden, but they own DAMN NEAR ALL THE INCOME PRODUCING ASSETS.

We can fix the problem. We just increase the marginal tax rate on the wealthy. Hell, all we really have to do is tax unearned income the same as earned income and eliminate the cap on income subject to Social Security taxes. But when marginal tax rates were significantly higher the wealthy paid a significantly lower percentage of the total tax burden. There are very real, and very concrete reasons for this. It really is fundamental economics. And when I say fundamental, well there hasn't been any "new" viable economic concept introduced in more than a hundred years.

So you are gonna tax investments (with a risk of partial or a total loss) as the same rate as income.

Have you ever heard of risk versus reward?

 

[Rustic]

5 Quick Reasons Why Socialism Fails

 

[Rustic]

People protecting socialism and it's doctrine... crickets

 

[washamericom]

Warner nailed the slimy budget dire tor.

He is calling for repeal of the estate tax yet has income from the estate tax in his budget calculations.

Inheritance is income for the beneficiaries. There is a limit on how much money you can give your children before it is taxable. Why should it matter if you are living or dead when you give it?

The tax is only valid on larger estates "t's official—for 2016, the estate and gift tax exemption is $5.45 million per individual, up from $5.43 million in 2015. That means an individual can leave $5.45 million to heirs and pay no federal estate or gift tax. A married couple will be able to shield $10.9 million from federal estate and gift taxes.

hands off my hard earned money.

How many times does it get taxed?

Are you not paying attention? Capital gains that are passed down ARE NOT TAXED.

you want to tax them ?

Winston wants tax us into prosperity and the age of aquarius

it's ayn randism. it's suppressing hard work and getting ahead.

 

[washamericom]

bernie is a bit of a hypocrite.

Yet, the rich should pay their share.

And the IRS says they do.

Actually according to the IRS says they pay more than their "share"...

High Income Earners (over $250K a year)
Earn approximately 28% of the total AGI
Pay 55% of the total federal income tax burden

All other earners earn 72% of the total AGI
Pay 45% of the total federal income tax burden

What percent of the wealth do they own?

What difference does that make? Are we taxing wealth in addition to income now?

they want more and more. wait till climate change money dries up, then we'll see some pissed off bureaucrats... heh

 

[NightFox]

Yet, the rich should pay their share.

And the IRS says they do.

Actually according to the IRS says they pay more than their "share"...

High Income Earners (over $250K a year)
Earn approximately 28% of the total AGI
Pay 55% of the total federal income tax burden

All other earners earn 72% of the total AGI
Pay 45% of the total federal income tax burden

What percent of the wealth do they own?

What difference does that make? Are we taxing wealth in addition to income now?

It makes a huge difference.

Look, I agree, the wealthy pay too much of the total tax burden. But the rich, they LOVE IT LIKE THIS. They pay most of the tax burden, but they own DAMN NEAR ALL THE INCOME PRODUCING ASSETS.

We can fix the problem. We just increase the marginal tax rate on the wealthy.

You appear to be contradicting yourself, if they already "pay to much" of the total income tax burden then why does it matter if they own "damn near all" (which isn't true btw) of the income producing assets since those assets produce INCOME which is taxed as you put it "too much".

The current tax system was designed by the "rich", to protect the "rich", if you don't like the results the answer probably isn't to be found by tinkering with the rate structure under the current tax code (which frankly is a national embarrassment).

Hell, all we really have to do is tax unearned income the same as earned income

Unearned income is already taxed at a higher rate than earned income, just ask anybody that's bought a winning lottery ticket what rate they paid.

and eliminate the cap on income subject to Social Security taxes.

..and pay higher earners larger SS payouts? If you don't do that you're suggesting eliminating the veneer of entitlement that remains for SS and turning into just another welfare program.

But when marginal tax rates were significantly higher the wealthy paid a significantly lower percentage of the total tax burden. There are very real, and very concrete reasons for this.

That's because the tax code is designed to favor those who can afford legions of attorneys and accountants as is our banking and monetary system.

It really is fundamental economics. And when I say fundamental, well there hasn't been any "new" viable economic concept introduced in more than a hundred years.

What part of your argument is "really fundamental economics"? and what "fundamental" economic principles does it entail?

 

[washamericom]

bernie is a bit of a hypocrite.

Yet, the rich should pay their share.

And the IRS says they do.

Probably because the rich have ways to reduce their share to zero.

According to the IRS, the top 5% of wage earners pay 88% of income taxes collected! Perhaps there should be a minimum tax so the 47% of Americans who currently don't pay income taxes have to pay something so they some skin in the game!

A wage earner cannot legally evade taxes.

many do.

 

[kiwiman127]

Bernie Sanders called Trump's budget "grotesquely immoral". Thank God this socialist scum bag didn't get elected or else we'd be talking about increased taxes on the middle class and rich and more big government. Sanders: Trump budget is 'grotesquely immoral'

bernie is a bit of a hypocrite.

Yet, the rich should pay their share.

And the IRS says they do.

Probably because the rich have ways to reduce their share to zero.

According to the IRS, the top 5% of wage earners pay 88% of income taxes collected! Perhaps there should be a minimum tax so the 47% of Americans who currently don't pay income taxes have to pay something so they some skin in the game!

Ah, the ole, 47% myth again. Some people must work really hard to stay so uninformed.

1. The 47% statistic only refers to people who do not pay federal income taxes, not people who don’t pay taxes at all. Nearly everybody pays state taxes, such as sales tax.
2. The number of people who don’t pay federal income taxes is actually 43% now, not 47%.
3. Most people who don’t pay federal income tax do pay federal payroll taxes. Only 14.4% pay no federal taxes at all
4. Of that 14.4% who pay no federal taxes, 9.7% are elderly, leaving only 4.7% who are working-age Americans paying no federal taxes
5. Overall, people in the bottom 20% pay 19% of their income to taxes and people in the top 1% pay 33%
6. Although the rich do pay higher taxes at the federal level, the poor pay more of their income to state taxes than the rich in every state.

Myth: 47 Percent Don't Pay Taxes - zFacts