1%ers want to be taxed more. Good Idea?

[LV426]

The Fed is arguably the largest driver of our inequality. What should we do about them?

Bullshit.

Tax Cuts are the largest driver of inequality.

[Bigdog]

No it's not.

That's not the point.

Yes, it is.

Yes, it is.

[LV426]

Yes, it is.

No, it's not the point.

The point is that you cut taxes, made lofty promises, saw none of those promises fulfilled, so now you can take your policy and fuck right off.

[Superfreak]

I think the first thing to do and the easiest is to raise the long term capital gains tax to the same level as ordinary income. The 1% gain far more income from that source than from w2 type work.

End the biggest tax giveaway to the wealthy in the history of our nation, coincidentally put in place by Clinton.

[countryboy]

Would you support a small Tax on 'Trading'? Let's say the typical Brokerage Fee of $4.95, was 'taxed' and it became $5.00 for a Trade. Would YOU be against THAT?
(Probably wouldn't effect YOU much as a Trader, but WOULD effect the 'Machine Trading' that occurs hundreds of times a second)

No, I would not support that. Democrats are playing Death By A Thousand Cuts. I don't support any new taxes until the federal government demonstrates they can be responsible with them. Read my lips no new taxes.

[Bigdog]

No, it's not the point.

The point is that you cut taxes, made lofty promises, saw none of those promises fulfilled, so now you can take your policy and fuck right off.

What promises?

You mean like the lying socialist pig, Hussein O., promising you can keep your doctor, keep your insurance, and your rates will be lowered. All LIES! Fuck u and your socialist authoritarian pig comrades and their lies. Unemployment is at record lows, you big government, immoral nazi pig.

[Jack]

No, I would not support that. Democrats are playing Death By A Thousand Cuts. I don't support any new taxes until the federal government demonstrates they can be responsible with them. Read my lips no new taxes.

I think that is a proposal. A .05% tax on Wall Street Trading. You can see how that wouldn't affect the Working Stiffs out there, but bring in more Revenue from Wall Street Traders.
I think a VAT (Value Added Tax) is also a proposal from 'The Asian guy that likes Math'. (Yang)
(somebody needs to figure out how to pay off the Debt, decreasing Taxes DOESN'T seem to work)

[Jack]

I think the first thing to do and the easiest is to raise the long term capital gains tax to the same level as ordinary income. The 1% gain far more income from that source than from w2 type work.

End the biggest tax giveaway to the wealthy in the history of our nation, coincidentally put in place by Clinton.

Another proposal that doesn't hurt the Working Stiffs.

[countryboy]

I think that is a proposal. A .05% tax on Wall Street Trading. You can see how that wouldn't affect the Working Stiffs out there, but bring in more Revenue from Wall Street Traders.
I think a VAT (Value Added Tax) is also a proposal from 'The Asian guy that likes Math'. (Yang)
(somebody needs to figure out how to pay off the Debt, decreasing Taxes DOESN'T seem to work)

That is such bullshit. How many "working stiffs" have substantial retirement accounts? Who do you think is going to absorb this new tax? Brokerage companies?

[Superfreak]

I think that is a proposal. A .05% tax on Wall Street Trading. You can see how that wouldn't affect the Working Stiffs out there, but bring in more Revenue from Wall Street Traders.
I think a VAT (Value Added Tax) is also a proposal from 'The Asian guy that likes Math'. (Yang)
(somebody needs to figure out how to pay off the Debt, decreasing Taxes DOESN'T seem to work)

I disagree with that to an extent... I say definitely do it on all computer trading systems. those are not for individuals, but are designed for the profit of the big banks. Fuck them. But not for trades involving individual accounts.

[Superfreak]

Hello Jack,



They are right, of course. The deficit is a trillion.

Shame on Trump, who said he could pay off the debt completely. News flash, Mr Trump. That requires revenue exceeding expenditures, a surplus, not a deficit. running the deficit up to a trillion adds a trillion to the debt every year. Hello. You're going the wrong way!

And at an alarming rate...

Yet when Obama ran 4 straight years of Trillion plus deficits, that was 'Bush's' fault. Revenues have been up, not down. It is the spending in Congress that needs to stop. Add in the stupidity of the Obama years debt run up... the fact that the bulk was done with 10 year and under bonds when interest rates were so low was dumb.

[Jack]

That is such bullshit. How many "working stiffs" have substantial retirement accounts? Who do you think is going to absorb this new tax? Brokerage companies?

Country: "That is such bullshit. How many "working stiffs" have substantial retirement accounts?"
Jack: How OFTEN do they Trade? HUNDREDS of times a second? The Computer Algorithms that Trade hundreds of times a second will be paying the largest share of the Tax.

[gfm7175]

That's not the point, though.

It's quite literally the point... If THEY want to be taxed more, why don't THEY voluntarily pay more? Why do they wish to compel everybody else who DOESN'T want to pay more to pay more??

[Jack]

I disagree with that to an extent... I say definitely do it on all computer trading systems. those are not for individuals, but are designed for the profit of the big banks. Fuck them. But not for trades involving individual accounts.

It's a proposal.

[Superfreak]

It's a proposal.

I am aware. I told you which part of it I disagreed with.