The GOP is calling this the end of the world but, checking our records, the GOP says any change to anything will bring about the end of the world and just maybe it needs a little more review.
As to these tax rates devastating initiative, etc, it's utter rubbish. The tax rate during WWII for the filthy rich was somewhere at or over 90%. Just prior to that time is when the Koch, Kennedy, and Bush families made millions trading with Hitler. If you don't believe that, review who built the third-largest oil refinery for NAZI Germany (i.e. Fred Koch).
Changing the thimble the maid uses to darn socks is a nightmare for the GOP but the reality is rather less than that. Besides, the GOP has shown a singular gift for making money on nightmares and there's no other outfit in the world which greets combat with such relish because it makes them big, big bucks.
The only defense by the GOP for that attitude is building all the weapons makes for lots of jobs. Thus we see the lack of imagination in the GOP in failing to understand there are many more things these people could be doing with their talents. Elon Musk and Apple provide excellent examples of high-talent people working toward excellent goals and making tons of money for everyone in so doing.
One thing we know for sure about the filthy rich: they will still be filthy rich no matter what Bernie Sanders does. When such people even make money on a war, you can rest assured they will always land butter-side up.
8 comments:
I wont argue money with you as you are not very good at it. And last you said I play 3 card montr with the facts.
Those numbers wont pay for his spending. And he cant just magically cut healthcare costs as he proposed in the town meeting
The tax bracket doesnt cover tne lowest brackets and EIC which for a mother turns thst into a negative tax rate.
I dont care that it is negative at that income level they need the help but his table is not accurate.
Put a flat tax on all sales including business expenditures.
Even give rebates to incomes under 50K.
With no business exemptions even the rich will pay. And set investment income at a decent percent
And basically eliminate the IRS
I would tnen be paying tax each time I spent a dollar not just when I earned it.
Not arguing anything as the chart speaks for itself. I've heard previously of the trillions Obamacare would cost but it didn't happen. It also didn't do anything (shrug).
None of the other candidates makes any substantive change to anything and the only possible consequence of that is another twenty trillion in debt because they sure won't stop building aircraft carriers. From the GOP candidates we don't expect much but Clinton isn't much different from them and she will be building aircraft carriers too while feigning 'oh dear, it was a compromise I had to make.'
Clinton is easily the most dangerous of the lot of them as she is just smart enough to be destructive but not smart enough to keep her hands off the money.
We do not, however, in the $250K to $500K tax range, we see the tax rate goes down and those brackets are likely where many upper middle class people live. It really makes no difference to me personally because none of this will affect me anyway. Nothing will ever make right what was stolen and that's the proof of the death of the middle class. When their honor is gone, push them up with the soulless richies, we don't want them anymore.
Another spending plan of The Bern is Infrastructure spending His estimate is about $1T. He says it is paid for by closing several corporate loopholes which will generate $620B in savings by ending deferral but the savings wont happen if the company does,a tax inversion.
Well, corporate taxation is one gigantic quagmire of legislative incompetence. A large part of his spending is to be financed by increasing the tax on short-term Wall Street speculators and I've not heard anyone objecting to that except, amazingly, the Shkrelis who do it. Even the far right has supported it because that speculation is simply bad for business.
Corporate taxation looks like it's more a welfare plan for avaricious lawyers rather than any kind of program for reasonable taxation. Here on the ground we really don't get corporate taxation anyway because who will pay the tax in the end but the consumer.
We lose about 5 major companies a year that move thier HQs a year overseas to avoid the tax rates and to allow them to use tbe money they keep overseas to avoid those taxes
That's not a Bernie Sanders problem but a crooked Congress problem in which they hand out special dispensations to the rich as if they're door prizes as a puppet show.
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