Majority of Americans favor wealth tax on very rich: Reuters/Ipsos poll

[Rye Catcher]

Good grief. We have had an income tax which has always increased the tax in gradations for income earned.

2019-2020 Tax Brackets | Bankrate

The highest tax in 1960 was 91% of earned income $400,000 and above. The tax in 2020's highest earners income is 37% for all dollars of $500,301. Look at the historical details of the Tax Fraud signed by trump and who benefits.

What was the effective tax rate in 1960?

What is $400,000 in today's dollars?

Your slight of hand didn't work.

What matters are the percentages, which have changed to the betterment of those with higher earned incomes greater than any in the lower tax brackets. You question matters not, but if you want an answer look it up. Here is a link to 1965:

Calculate the value of $400,000 in 1965. How much is it worth today?

Do you know that the higher percentage applies only to the amount above X?

2019-2020 federal income tax brackets
LIBBY WELLS@EAWELLS77
JANUARY 6, 2020 in TAXES
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At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money.


There are seven tax brackets for most ordinary income: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent. The U.S. has a progressive tax system, which means that as you move up the pay scale, you also move up the tax scale.

You clearly have no clue what an effective tax rate is.

Well, you have no clue or ability to write a civil rebuttal. I do understand how the federal tax works, maybe you believe those in the 37% tax bracket pay 37% on all of their earned income. Or maybe you want to convince others that to be true.

I never said anything remotely close to that.

Keep flailing.

Whatever.

 

[Nostra]

What was the effective tax rate in 1960?

What is $400,000 in today's dollars?

Your slight of hand didn't work.

What matters are the percentages, which have changed to the betterment of those with higher earned incomes greater than any in the lower tax brackets. You question matters not, but if you want an answer look it up. Here is a link to 1965:

Calculate the value of $400,000 in 1965. How much is it worth today?

Do you know that the higher percentage applies only to the amount above X?

2019-2020 federal income tax brackets
LIBBY WELLS@EAWELLS77
JANUARY 6, 2020 in TAXES
Advertiser Disclosure
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money.


There are seven tax brackets for most ordinary income: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent. The U.S. has a progressive tax system, which means that as you move up the pay scale, you also move up the tax scale.

You clearly have no clue what an effective tax rate is.

Well, you have no clue or ability to write a civil rebuttal. I do understand how the federal tax works, maybe you believe those in the 37% tax bracket pay 37% on all of their earned income. Or maybe you want to convince others that to be true.

I never said anything remotely close to that.

Keep flailing.

Whatever.

^^Throws in the towel^^

 

[jc456]

What's anti-American is the billionaire-class hoarding wealth and buying tax loopholes so that entitlements go bankrupt, and their wealth keeps growing. I favor the top tax rate being ~7% higher than before the last tax cut, the VAT (Fed sales tax of ~3%), and taxing all income as earned income. I do not favor the wealth tax on "net worth", unless its only on the top 1%. Does Bloomberg really need all $53b? I don't think so.
Learn About Wealth Tax

View attachment 299638

Do you think they stole money from you? Hahaha hahaha

 

[initforme]

Getting rid of social security and Medicare will cause chaos in this nation like has never been seen.

 

[Harpy Eagle]

Wrong. Is dictatorship flawed? Is communism flawed? The fact is that democracy is fatally flawed. It always implodes. The parasites and irresponsible always take advantage of the system. Giving morons, swindlers and parasites the right to make decisions about how the output of productive people is disposed of is a prescription for disaster.

Yes a dictatorship is flawed. It gives too much power to one person and that person always ends up abusing it. It is flawed by the lack of freedom and ends in revolution as the people rise up. Also, there is no dictatorship in the world today that has thrived, all belong to backwards 3rd world nations.

Yes, communism is flawed for the same reason that democracy and socialism are, human nature. Communism failed in the Soviet Union because those in power abused their positions and lived higher than the workers, which is not the nature of communism. Even China no longer practices pure communism.

The problem is not with the system, it is humans.

You just agreed that two systems are a problem. Now explain why democracy isn't also a problem.

You really suck at this reading thing. The two systems are a problem because of the humans involved, just like with democracy.

Which part of this statement was confusing for you...The problem is not with the system, it is humans

 

[Harpy Eagle]

Getting rid of social security and Medicare will cause chaos in this nation like has never been seen.

It will never happen

 

[Nostra]

Wrong. Is dictatorship flawed? Is communism flawed? The fact is that democracy is fatally flawed. It always implodes. The parasites and irresponsible always take advantage of the system. Giving morons, swindlers and parasites the right to make decisions about how the output of productive people is disposed of is a prescription for disaster.

Yes a dictatorship is flawed. It gives too much power to one person and that person always ends up abusing it. It is flawed by the lack of freedom and ends in revolution as the people rise up. Also, there is no dictatorship in the world today that has thrived, all belong to backwards 3rd world nations.

Yes, communism is flawed for the same reason that democracy and socialism are, human nature. Communism failed in the Soviet Union because those in power abused their positions and lived higher than the workers, which is not the nature of communism. Even China no longer practices pure communism.

The problem is not with the system, it is humans.

You just agreed that two systems are a problem. Now explain why democracy isn't also a problem.

You really suck at this reading thing. The two systems are a problem because of the humans involved, just like with democracy.

Which part of this statement was confusing for you...The problem is not with the system, it is humans

BAN HUMANS!

 

[Ray From Cleveland]

Getting rid of social security and Medicare will cause chaos in this nation like has never been seen.

Of course it would. That's one of the reason the Democrats support it. Once you give people something, it's rightfully theirs in their minds. So when you create new social programs, it's impossible to get rid of them, and it drives our debt higher and higher.

 

[Harpy Eagle]

Wrong. Is dictatorship flawed? Is communism flawed? The fact is that democracy is fatally flawed. It always implodes. The parasites and irresponsible always take advantage of the system. Giving morons, swindlers and parasites the right to make decisions about how the output of productive people is disposed of is a prescription for disaster.

Yes a dictatorship is flawed. It gives too much power to one person and that person always ends up abusing it. It is flawed by the lack of freedom and ends in revolution as the people rise up. Also, there is no dictatorship in the world today that has thrived, all belong to backwards 3rd world nations.

Yes, communism is flawed for the same reason that democracy and socialism are, human nature. Communism failed in the Soviet Union because those in power abused their positions and lived higher than the workers, which is not the nature of communism. Even China no longer practices pure communism.

The problem is not with the system, it is humans.

You just agreed that two systems are a problem. Now explain why democracy isn't also a problem.

You really suck at this reading thing. The two systems are a problem because of the humans involved, just like with democracy.

Which part of this statement was confusing for you...The problem is not with the system, it is humans

BAN HUMANS!

No, just accept that there will never be a perfect system of government because humans are only human.

 

[Nostra]

Wrong. Is dictatorship flawed? Is communism flawed? The fact is that democracy is fatally flawed. It always implodes. The parasites and irresponsible always take advantage of the system. Giving morons, swindlers and parasites the right to make decisions about how the output of productive people is disposed of is a prescription for disaster.

Yes a dictatorship is flawed. It gives too much power to one person and that person always ends up abusing it. It is flawed by the lack of freedom and ends in revolution as the people rise up. Also, there is no dictatorship in the world today that has thrived, all belong to backwards 3rd world nations.

Yes, communism is flawed for the same reason that democracy and socialism are, human nature. Communism failed in the Soviet Union because those in power abused their positions and lived higher than the workers, which is not the nature of communism. Even China no longer practices pure communism.

The problem is not with the system, it is humans.

You just agreed that two systems are a problem. Now explain why democracy isn't also a problem.

You really suck at this reading thing. The two systems are a problem because of the humans involved, just like with democracy.

Which part of this statement was confusing for you...The problem is not with the system, it is humans

BAN HUMANS!

No, just accept that there will never be a perfect system of government because humans are only human.

So you don’t want to solve the problem.

Got it.

 

[Harpy Eagle]

Yes a dictatorship is flawed. It gives too much power to one person and that person always ends up abusing it. It is flawed by the lack of freedom and ends in revolution as the people rise up. Also, there is no dictatorship in the world today that has thrived, all belong to backwards 3rd world nations.

Yes, communism is flawed for the same reason that democracy and socialism are, human nature. Communism failed in the Soviet Union because those in power abused their positions and lived higher than the workers, which is not the nature of communism. Even China no longer practices pure communism.

The problem is not with the system, it is humans.

You just agreed that two systems are a problem. Now explain why democracy isn't also a problem.

You really suck at this reading thing. The two systems are a problem because of the humans involved, just like with democracy.

Which part of this statement was confusing for you...The problem is not with the system, it is humans

BAN HUMANS!

No, just accept that there will never be a perfect system of government because humans are only human.

So you don’t want to solve the problem.

Got it.

Some problems have no solution.

Like you, you are an idiot and always will be, that is just the way god made you. Not really your fault.

 

[Markle]

You just agreed that two systems are a problem. Now explain why democracy isn't also a problem.

This is why, as you know, we have a Constitutional Republic.

 

[Markle]

Getting rid of social security and Medicare will cause chaos in this nation like has never been seen.

Nobody has even suggested that be done.

Any changes are phased in, not to existing beneficiaries. Social Security is a Ponzi Scheme of massive proportions. It should have been privatized decades ago. Medicare is in incredibly bad shape.

 

[Nostra]

You just agreed that two systems are a problem. Now explain why democracy isn't also a problem.

You really suck at this reading thing. The two systems are a problem because of the humans involved, just like with democracy.

Which part of this statement was confusing for you...The problem is not with the system, it is humans

BAN HUMANS!

No, just accept that there will never be a perfect system of government because humans are only human.

So you don’t want to solve the problem.

Got it.

Some problems have no solution.

Like you, you are an idiot and always will be, that is just the way god made you. Not really your fault.

I came up with a solution to what you claim is the problem. It’s foolproof. You are just butthurt you are too stupid to think of it.

I win again.

 

[Norman]

You really suck at this reading thing. The two systems are a problem because of the humans involved, just like with democracy.

Which part of this statement was confusing for you...The problem is not with the system, it is humans

BAN HUMANS!

No, just accept that there will never be a perfect system of government because humans are only human.

So you don’t want to solve the problem.

Got it.

Some problems have no solution.

Like you, you are an idiot and always will be, that is just the way god made you. Not really your fault.

I came up with a solution to what you claim is the problem. It’s foolproof. You are just butthurt you are too stupid to think of it.

I win again.

I am not sure what even is Gator's argument. That any system will have the same problems as democracy with everyone given the franchise? Well that is blatant falsehood.

 

[ChrisL]

BAN HUMANS!

No, just accept that there will never be a perfect system of government because humans are only human.

So you don’t want to solve the problem.

Got it.

Some problems have no solution.

Like you, you are an idiot and always will be, that is just the way god made you. Not really your fault.

I came up with a solution to what you claim is the problem. It’s foolproof. You are just butthurt you are too stupid to think of it.

I win again.

I am not sure what even is Gator's argument. That any system will have the same problems as democracy with everyone given the franchise? Well that is blatant falsehood.

I don't know what point he is trying to make either. Maybe he's an anarchist?

 

[Harpy Eagle]

I am not sure what even is Gator's argument. That any system will have the same problems as democracy with everyone given the franchise? Well that is blatant falsehood.

Not the same problems, but problems none the less.

 

[Harpy Eagle]

No, just accept that there will never be a perfect system of government because humans are only human.

So you don’t want to solve the problem.

Got it.

Some problems have no solution.

Like you, you are an idiot and always will be, that is just the way god made you. Not really your fault.

I came up with a solution to what you claim is the problem. It’s foolproof. You are just butthurt you are too stupid to think of it.

I win again.

I am not sure what even is Gator's argument. That any system will have the same problems as democracy with everyone given the franchise? Well that is blatant falsehood.

I don't know what point he is trying to make either. Maybe he's an anarchist?

My point is that the problem with democracy is not the system, there is nothing inherent wrong with the system other than it involves humans, who are imperfect beings. The poster I was responding to said that democracy as a system of government was flawed and doomed to fail. I disagree that the problem lies in the system.

I am not an anarchist by any stretch, more of a minimalist.

 

[Harpy Eagle]

Some problems have no solution.

Like you, you are an idiot and always will be, that is just the way god made you. Not really your fault.

I came up with a solution to what you claim is the problem. It’s foolproof. You are just butthurt you are too stupid to think of it.

I win again.[/QUOTE]

Your solution is not possible, thus it is not a solution.

You think it is a solution because you are an idiot, but again as I said that is not really your fault.

 

[bripat9643]

So you don’t want to solve the problem.

Got it.

Some problems have no solution.

Like you, you are an idiot and always will be, that is just the way god made you. Not really your fault.

I came up with a solution to what you claim is the problem. It’s foolproof. You are just butthurt you are too stupid to think of it.

I win again.

I am not sure what even is Gator's argument. That any system will have the same problems as democracy with everyone given the franchise? Well that is blatant falsehood.

I don't know what point he is trying to make either. Maybe he's an anarchist?

My point is that the problem with democracy is not the system, there is nothing inherent wrong with the system other than it involves humans, who are imperfect beings. The poster I was responding to said that democracy as a system of government was flawed and doomed to fail. I disagree that the problem lies in the system.

I am not an anarchist by any stretch, more of a minimalist.

A system that can't deal with imperfect human beings is a flawed system. The problem with democracy is that it gives these imperfect humans control over our lives. How do you claim it's not the system when the system is totally useless for the task assigned to it?