What Taxing the Rich Could Yield

[Frank Apisa]

Leftists answer to everything is TAX THE RICH

Still writing like a grade schooler, I see.

TAX THE RICH...is not the answer to EVERYTHING.

But it is a reasonable answer to some things.

That is why the people on the left consider it.

That is why the sludge of the right condemns it.

[Evmetro]

America’s 15 wealthiest families are worth a combined $618 billion. That’s not good for our economy—or our democracy.

The New York Times investigation into the Trump family’s financial misdeeds recently revealed what had been obvious to most: The president is no self-made man. Like so many bombshell stories about the president, this story has been largely overlooked as new and more flagrant Trump indignities erupt nearly every day. Yet the tactics that the report shines a light on are hardly peculiar to the Trumps. Many wealthy families use similar tactics to stockpile their wealth and keep it from taxation that could reinvest it to meet the nation’s needs. And in doing so, these families keep building wealth with which they can wield political power.

A new report from the Institute for Policy Studies (IPS) takes a close look at the billionaire multi-generation families who wield that power—the American dynasties. Taking their cue from the Forbes 400 list of the wealthiest people in the United States, the report, "Billionaire Bonanza," by Chuck Collins, director of the Program on Inequality and the Common Good, and Josh Hoxie, director of the Project on Opportunity and Taxation, both at IPS, details how the nation’s 15 wealthiest families—some with household names (Walton, Koch, Mars), some perhaps less-known (Duncan, Bass, Stryker)—are worth a combined $618 billion.

Overwhelmingly, this is inherited money; the companies from which these families derive their wealth were all started at least a generation ago.

https://prospect.org/article/what-ta...ch-could-yield

Imagine the taxes that could have been collected if more families had created these dynasties. If we all create dynasties, just imagine the tax revenue of future generations! We would have to figure out how to build our own wealth though, instead of trying to get our hands on some other family's.

[LV426]

So, let's see... if we take the entire $618B from those rich in the OP that doesn't even cover any of the first five years of Obama's debt run up. So then what?

Bad faith argument right there.

No one said raising taxes on the rich would balance the budget.

That's not been the driving force behind higher taxes.

So you're trying to construct a straw man argument around the thing you pretended to care about just 10 years ago in an effort to try and make people forget that you supported all Bush's policies that doubled the debt.

[LV426]

Wow. Stupid Democrats want to increase taxes on our job creators.

Rich people don't create SHIT.

Rich people hire employees, but they don't create jobs.

Demand creates jobs.

[Getin the ring]

Bad faith argument right there.

No one said raising taxes on the rich would balance the budget.

That's not been the driving force behind higher taxes.

So you're trying to construct a straw man argument around the thing you pretended to care about just 10 years ago in an effort to try and make people forget that you supported all Bush's policies that doubled the debt.

so tell us nut-bag, what would "taxing the rich" do

be specific, I like when nut-bags expose themselves

Rich people don't create SHIT.

Rich people hire employees, but they don't create jobs.

Demand creates jobs.

you're actually dumber with every post, and for that I applaud you

has a poor person ever offered you a job? nut-bag

[Getin the ring]

LV nutbag? hello

(((crickets))))

[MAGA MAN]

BULLSHIT.

Have you ever worked for a company before?

You know that the rich don't build anything, the workers do.

Rich people don't create jobs, they hire employees.

Demand creates jobs, and if you stifle demand by keeping wages flat, then you're going to cause a recession.




Rich people don't do shit. They don't create jobs. They don't create demand.

In fact I've worked for several companies in my career. Your "argument" is avoid of facts. I suggest that you take a course in basic economic and get yourself better educated in reality.

[Celticguy]

Title purports to say what taxing the rich would but never says.
Probably because even if you taxed those mentioned at 100% of their fortune you solve nothing and put a great many out of work since those entetprises they run would be liquidated to pay it.
Get over your wealth envy and stop expectong government to be your sugardaddy.

[canceled.2021.1]

Well, we've been cutting taxes for 40 years and it hasn't delivered on a single promise you've made of them.

You lie

[canceled.2021.1]

Still writing like a grade schooler, I see.

TAX THE RICH...is not the answer to EVERYTHING.

But it is a reasonable answer to some things.

That is why the people on the left consider it.

That is why the sludge of the right condemns it.

You always want other people’s money Frankie. You never want to use your own

It is the leftists way

PS

I don’t give a shit what you think of my writing on a message board

[montgomery]

America’s 15 wealthiest families are worth a combined $618 billion. That’s not good for our economy—or our democracy.

The New York Times investigation into the Trump family’s financial misdeeds recently revealed what had been obvious to most: The president is no self-made man. Like so many bombshell stories about the president, this story has been largely overlooked as new and more flagrant Trump indignities erupt nearly every day. Yet the tactics that the report shines a light on are hardly peculiar to the Trumps. Many wealthy families use similar tactics to stockpile their wealth and keep it from taxation that could reinvest it to meet the nation’s needs. And in doing so, these families keep building wealth with which they can wield political power.

A new report from the Institute for Policy Studies (IPS) takes a close look at the billionaire multi-generation families who wield that power—the American dynasties. Taking their cue from the Forbes 400 list of the wealthiest people in the United States, the report, "Billionaire Bonanza," by Chuck Collins, director of the Program on Inequality and the Common Good, and Josh Hoxie, director of the Project on Opportunity and Taxation, both at IPS, details how the nation’s 15 wealthiest families—some with household names (Walton, Koch, Mars), some perhaps less-known (Duncan, Bass, Stryker)—are worth a combined $618 billion.

Overwhelmingly, this is inherited money; the companies from which these families derive their wealth were all started at least a generation ago.

https://prospect.org/article/what-ta...ch-could-yield

You would be better off bringing this topic to the APP section where it's not going to be spammed to hell by the extreme rightist lowlifes who only want to froth at the mouth.

Otherwise, it's great topic and a tribute to a great man. A true un-american in my opinion and a model for what the US politician of the future must be!

[LV426]

so tell us nut-bag, what would "taxing the rich" d

"ACCOMMODATE MEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!"

Go fuck yourself, you bad faith loser.

[LV426]

you're actually dumber with every post, and for that I applaud yo

You are so dumb, you got conned by a reality TV show host.

You'll never be able to live down what was the worst political judgment you made in your entire adult life.

has a poor person ever offered you a job? nut-bag

Has a rich person ever created a job for the hell of it?

[LV426]

In fact I've worked for several companies in my career.

BULLSHIT!

Wait - aren't you the one who said you worked at the same job for the same company for 30 years?

That was you, wasn't it?

Changing your story again, I see.

Not surprising.

[LV426]

Your "argument" is avoid of facts.

Do you mean devoid?

How so?

No one creates a job just because the sun is shining or because they woke up on the left side of the bed.

Jobs are created by consumer demand.

If you cut consumer demand by not raising wages, or by making consumers spend their income on things the state should provide (health care, education), then what happens to the economy?

I suggest that you take a course in basic economic and get yourself better educated in reality.

What's clear is that you have never taken an economics class in your life, instead gleaning bullshit off message boards, then posturing to everyone because you want people to take your garbage seriously.

Fuck off and die.