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That's not the point, the debt will never go away, the goal is to maintain balance, progressive taxation does this without hurting the working people."Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boom."
THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider
The true driving force of the economy is the middle class - not the wealthy. This economy depends on consumer spending. That is why you all should care about income inequality. Despite productivity skyrocketing over the previous decades, wages have remained mostly flat in the lower class and most of the income gains have gone to the top 1%.. The middle class is shrinking and the U.S. has the worst child poverty rate in the developed world.
Wealth And Inequality In America - Business Insider
That statistic has been debunked many times over. I'm late to this thread and I'll bet someone has already pointed it out to you.
The thing that probably no one has noted us that you could take every penny from everyone who makes $500K or more per year and you would only be able to fund the government for 6 months. And of course it would hurt the economy, it's stupid to believe otherwise.
That's not the point, the debt will never go away, the goal is to maintain balance, progressive taxation does this without hurting the working people."Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boom."
THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider
The true driving force of the economy is the middle class - not the wealthy. This economy depends on consumer spending. That is why you all should care about income inequality. Despite productivity skyrocketing over the previous decades, wages have remained mostly flat in the lower class and most of the income gains have gone to the top 1%.. The middle class is shrinking and the U.S. has the worst child poverty rate in the developed world.
Wealth And Inequality In America - Business Insider
That statistic has been debunked many times over. I'm late to this thread and I'll bet someone has already pointed it out to you.
The thing that probably no one has noted us that you could take every penny from everyone who makes $500K or more per year and you would only be able to fund the government for 6 months. And of course it would hurt the economy, it's stupid to believe otherwise.
"Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boom."
THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider
The true driving force of the economy is the middle class - not the wealthy. This economy depends on consumer spending. That is why you all should care about income inequality. Despite productivity skyrocketing over the previous decades, wages have remained mostly flat in the lower class and most of the income gains have gone to the top 1%.. The middle class is shrinking and the U.S. has the worst child poverty rate in the developed world.
Wealth And Inequality In America - Business Insider
That statistic has been debunked many times over. I'm late to this thread and I'll bet someone has already pointed it out to you.
The thing that probably no one has noted us that you could take every penny from everyone who makes $500K or more per year and you would only be able to fund the government for 6 months. And of course it would hurt the economy, it's stupid to believe otherwise.
Every penny from those making $500,000 or more only 6 months? Oh you mean WITHOUT keeping existing tax revenues TOO?
Since taxing ONLY the top 1% at DOUBLE today's EFFECTIVE rate (23%) would wipe out the current deficit?
Yep, ONLY a 46% EFFECTIVE tax rate for the top 1% and we go back to a surplus like Clinton had US at!
Hilarious, when you refer to "punishment" you do realize corporations move on their own to get the cheapest labor, that's why we need a global movement to keep these corporations in check.The reason we are having economic problems in this country are directly related to Progressive policies.
When you punish business for operating here, they go elsewhere. When you make poverty a viable option for people, they choose it. The income gap is a result of left wing policies and in true left wing dishonesty, they cause it and point their fingers elsewhere.
We have deficit spending because we give away $1.2 trillion in tax expenditures every year. That is literally twice as much as we spend on social welfare programs."Gimme gimme gimme, and make that guy over there pay for it."
Everyone wants a handout, but they don't want to pay for it.
That's how we got here, folks. It wasn't food stamps. It wasn't Obamaphones. It wasn't illegal aliens.
It is tax expenditures. And if you think $18 trillion of federal debt should be paid by someone else, then you are an asshole. You took, and now you must pay.
we have a national debt of 18 trillion because both parties have engaged in deficit spending in order to buy votes.
the real problem is that being in congress has become a financially lucrative "job". Term limits would help. But as long as congress spends more than it collects the problem will only get worse.
That adds up. Quickly.
UHHH, I think we just said the same thing. we are spending more than we collect.
"Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boom."
THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider
The true driving force of the economy is the middle class - not the wealthy. This economy depends on consumer spending. That is why you all should care about income inequality. Despite productivity skyrocketing over the previous decades, wages have remained mostly flat in the lower class and most of the income gains have gone to the top 1%.. The middle class is shrinking and the U.S. has the worst child poverty rate in the developed world.
Wealth And Inequality In America - Business Insider
That statistic has been debunked many times over. I'm late to this thread and I'll bet someone has already pointed it out to you.
The thing that probably no one has noted us that you could take every penny from everyone who makes $500K or more per year and you would only be able to fund the government for 6 months. And of course it would hurt the economy, it's stupid to believe otherwise.
Every penny from those making $500,000 or more only 6 months? Oh you mean WITHOUT keeping existing tax revenues TOO?
Since taxing ONLY the top 1% at DOUBLE today's EFFECTIVE rate (23%) would wipe out the current deficit?
Yep, ONLY a 46% EFFECTIVE tax rate for the top 1% and we go back to a surplus like Clinton had US at!
We already have progressive taxation.
This is what I mean about the liberal solution of "tax the rich more" being completely ineffective and demonstrative of a profound ignorance of how the system really works.
If you increase the higher tax brackets, the rich will just bribe Congress to give them more tax expenditures to cancel out the higher tax rates, and we will STILL be deficit spending.
By banning tax expenditures, you make everything transparent and impossible to rig.
You level the playing field.
Marco Rubio is the only politician out there who is honest enough to say this out loud and actually put a plan on the table to mitigate it.
The others are too cowardly to shoot the hand that feeds them. They are part and parcel of this utterly corrupt system and depend on it for their campaign bread and butter.
And that's BOTH parties, boys and girls.
What would really help the economy is to completely end all social programs (including obamacare) and shift that money over to paying off obamas debt.
those on welfare dont contribute anyway, the money they spend in the community is generated by the taxes paid by the working members of that community in the first place, so its pretty much a negative however you look at it.
This would do a couple of things, but the biggest thing it would do is to end poverty at the lowest level while reducing the number of unemployed in the country.
We already have progressive taxation.
Not really. It's cancelled out by tax expenditures. Look at that chart I just posted.
We have BOTH."Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boom."
THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider
The true driving force of the economy is the middle class - not the wealthy. This economy depends on consumer spending. That is why you all should care about income inequality. Despite productivity skyrocketing over the previous decades, wages have remained mostly flat in the lower class and most of the income gains have gone to the top 1%.. The middle class is shrinking and the U.S. has the worst child poverty rate in the developed world.
Wealth And Inequality In America - Business Insider
That statistic has been debunked many times over. I'm late to this thread and I'll bet someone has already pointed it out to you.
The thing that probably no one has noted us that you could take every penny from everyone who makes $500K or more per year and you would only be able to fund the government for 6 months. And of course it would hurt the economy, it's stupid to believe otherwise.
Every penny from those making $500,000 or more only 6 months? Oh you mean WITHOUT keeping existing tax revenues TOO?
Since taxing ONLY the top 1% at DOUBLE today's EFFECTIVE rate (23%) would wipe out the current deficit?
Yep, ONLY a 46% EFFECTIVE tax rate for the top 1% and we go back to a surplus like Clinton had US at!
The point remains that we don't have an income problem, we have a spending problem.
Hilarious, when you refer to "punishment" you do realize corporations move on their own to get the cheapest labor, that's why we need a global movement to keep these corporations in check.The reason we are having economic problems in this country are directly related to Progressive policies.
When you punish business for operating here, they go elsewhere. When you make poverty a viable option for people, they choose it. The income gap is a result of left wing policies and in true left wing dishonesty, they cause it and point their fingers elsewhere.
What would really help the economy is to completely end all social programs (including obamacare) and shift that money over to paying off obamas debt.
those on welfare dont contribute anyway, the money they spend in the community is generated by the taxes paid by the working members of that community in the first place, so its pretty much a negative however you look at it.
This would do a couple of things, but the biggest thing it would do is to end poverty at the lowest level while reducing the number of unemployed in the country.
Gutting the money for the poor ends poverty???? lol
ONLY in right wing "reality" Bubs
HINT IT'S LACK OF JOBS THOSE "JOB CREATORS" ARE CREATING, NOT LACK OF PEOPLE LOOKING!
WHILE Corps have record profits!
Weird right?
No shit, that's not the point, the debt WILL NEVER GO AWAY. We need balance."Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boom."
THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider
The true driving force of the economy is the middle class - not the wealthy. This economy depends on consumer spending. That is why you all should care about income inequality. Despite productivity skyrocketing over the previous decades, wages have remained mostly flat in the lower class and most of the income gains have gone to the top 1%.. The middle class is shrinking and the U.S. has the worst child poverty rate in the developed world.
Wealth And Inequality In America - Business Insider
That statistic has been debunked many times over. I'm late to this thread and I'll bet someone has already pointed it out to you.
The thing that probably no one has noted us that you could take every penny from everyone who makes $500K or more per year and you would only be able to fund the government for 6 months. And of course it would hurt the economy, it's stupid to believe otherwise.
Every penny from those making $500,000 or more only 6 months? Oh you mean WITHOUT keeping existing tax revenues TOO?
Since taxing ONLY the top 1% at DOUBLE today's EFFECTIVE rate (23%) would wipe out the current deficit?
Yep, ONLY a 46% EFFECTIVE tax rate for the top 1% and we go back to a surplus like Clinton had US at!
bullshit. you could take 100% of the income of the top 1% and it would run the govt for 6 months.
"Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boom."
THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider
The true driving force of the economy is the middle class - not the wealthy. This economy depends on consumer spending. That is why you all should care about income inequality. Despite productivity skyrocketing over the previous decades, wages have remained mostly flat in the lower class and most of the income gains have gone to the top 1%.. The middle class is shrinking and the U.S. has the worst child poverty rate in the developed world.
Wealth And Inequality In America - Business Insider
That statistic has been debunked many times over. I'm late to this thread and I'll bet someone has already pointed it out to you.
The thing that probably no one has noted us that you could take every penny from everyone who makes $500K or more per year and you would only be able to fund the government for 6 months. And of course it would hurt the economy, it's stupid to believe otherwise.
Every penny from those making $500,000 or more only 6 months? Oh you mean WITHOUT keeping existing tax revenues TOO?
Since taxing ONLY the top 1% at DOUBLE today's EFFECTIVE rate (23%) would wipe out the current deficit?
Yep, ONLY a 46% EFFECTIVE tax rate for the top 1% and we go back to a surplus like Clinton had US at!
bullshit. you could take 100% of the income of the top 1% and it would run the govt for 6 months.
Skilled workers exist all around the world, even tech companies are starting to rely on cheap labor from China and India to do programming and the like. Yeah, and where they aren't regulated and taxes, the workers suffer.Hilarious, when you refer to "punishment" you do realize corporations move on their own to get the cheapest labor, that's why we need a global movement to keep these corporations in check.The reason we are having economic problems in this country are directly related to Progressive policies.
When you punish business for operating here, they go elsewhere. When you make poverty a viable option for people, they choose it. The income gap is a result of left wing policies and in true left wing dishonesty, they cause it and point their fingers elsewhere.
That isn't the only reason. Cheapest labor is only for companies that can use it. Nany companies need skilled workers and those cannot be found in Chinese sweatshops. Those companies go to where they aren't so regulated and taxed. N other words, where they don't get harshly punished.
We have BOTH."Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boom."
THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider
The true driving force of the economy is the middle class - not the wealthy. This economy depends on consumer spending. That is why you all should care about income inequality. Despite productivity skyrocketing over the previous decades, wages have remained mostly flat in the lower class and most of the income gains have gone to the top 1%.. The middle class is shrinking and the U.S. has the worst child poverty rate in the developed world.
Wealth And Inequality In America - Business Insider
That statistic has been debunked many times over. I'm late to this thread and I'll bet someone has already pointed it out to you.
The thing that probably no one has noted us that you could take every penny from everyone who makes $500K or more per year and you would only be able to fund the government for 6 months. And of course it would hurt the economy, it's stupid to believe otherwise.
Every penny from those making $500,000 or more only 6 months? Oh you mean WITHOUT keeping existing tax revenues TOO?
Since taxing ONLY the top 1% at DOUBLE today's EFFECTIVE rate (23%) would wipe out the current deficit?
Yep, ONLY a 46% EFFECTIVE tax rate for the top 1% and we go back to a surplus like Clinton had US at!
The point remains that we don't have an income problem, we have a spending problem.
Even if you slashed the budget in half, you still have the tax expenditure problem.
Let's say I give you a 10 dollar tax credit every year. And let's say your share of the budget tax burden is 50 dollars this year.
After your tax credit, you pay $40 in tax credits. So now there is a ten dollar deficit because of your credit.
Then we cut the budget in half. Now your tax burden is 25 dollars.
But you still get that 10 dollar credit.
So now you pay 15 dollars and there is STILL a 10 dollar deficit.
Massive wealth redistribution up the food chain:
G5000, your ideas for taxation are intriguing and I'm interested, would you mind describing what sort of tax plan you want to take place?We already have progressive taxation.
Not really. It's cancelled out by tax expenditures. Look at that chart I just posted.
