Time to tax the wealthy big time.

[evince]

Interesting. So then,...ahh,....WHY dont they just volunteer the money instead of being FORCED to do it?

Are you fucking in grade school?

[NiftyNiblick]

Interesting. So then,...ahh,....WHY dont they just volunteer the money instead of being FORCED to do it?

I honestly believe that the above was submitted as a serious question, despite the stupid emoji.
Dumber than is a trumpanzee, after all.

[Legion]

The corporate taxes were in the 50% range back then

Who paid it?

Statutory and effective rates are not the same.

[jbander]

So,.....do you REALLY believe that all the big corporations who not only shilled for Biden and the Democrats but also donated a war chest of cash did that so their money would be taken away from them? I mean REALLY? You really believe Joe Billionaire said ....." Here Democrats,...take this campaign donation so you can win and then tax the fuck out of me because I like having way LESS money!"

Ah what, The president right now is trying to raise taxes on this group and they will, your comment is ridiculous. Your scenario is a good one , one group only cares about themselves and fuk everyone else and one group cares about everyone and that is totally proven by the bills they bring to congress.

[Legion]

trump

.

[Legion]

Are you fucking in grade school?

12b violation.

[jbander]

Trump tax cuts hurt the nation.

Tax cuts for the rich always do/ The biggest threat to capitalism is taking away the incentive of the possibility to get ahead , which by the numbers shows that is exactly what has happened for the last 40+ years. The right would bring down our country , economy and capitalism for a dollar gained today.

[BidenPresident]

Tax cuts for the rich always do/ The biggest threat to capitalism is taking away the incentive of the possibility to get ahead , which by the numbers shows that is exactly what has happened for the last 40+ years. The right would bring down our country , economy and capitalism for a dollar gained today.

Even Adam Smith knew accumulating capital by a minority group is a threat to capitalism.

[Legion]

The president right now is trying to raise taxes on this group and they will.

Of course. Who will you blame when prices go up?

[Legion]

Tax cuts for the rich always do/ The biggest threat to capitalism is taking away the incentive of the possibility to get ahead , which by the numbers shows that is exactly what has happened for the last 40+ years. The right would bring down our country , economy and capitalism for a dollar gained today.

Tax rates were high in the 1950s, we often hear, yet economic growth boomed. So why should we fear higher taxes today?

One answer is that taxes in the 50s weren’t really high. Yes, the top marginal tax rate was 90%, but it applied to almost no one. What matters more is the average marginal tax rate – that is, the average rate paid on the next dollar of earned income. That figure tells you more about the incentives facing individuals working in the economy.

And based on data from a 2009 study by Robert Barro and Charles Redlick, the good old days in terms of economic growth were also pretty good in terms of taxes. Barro and Redlick calculated average marginal tax rates inclusive of federal income taxes, Social Security taxes, and state income taxes. In the 1950s, the average marginal rates equaled just 25%, versus 37% in the 2000s.

Moreover, even these data have several limitations.

• First, they consider only the gross social security payroll tax. But workers in the 1950s received significantly more in Social Security benefits than they paid in taxes; thus, the true net Social Security payroll tax was negative. Today, most workers will receive less in Social Security benefits than they pay in taxes.

• Second, the deadweight loss of taxes rises with the square of the tax rate. So the economic costs of taxation today are roughly 20% larger than in the 50s. Raising taxes hurts the economy more when taxes are already high.

• Third, the overall tax burden has shifted toward high earners, who are in general more responsive to tax rates.

Are taxes today lower than in the prosperous 1950s? No, not at all.


https://www.aei.org/economics/public-economics/were-taxes-really-higher-in-the-1950s/

[NiftyNiblick]

An economics lesson from Legion?

Shouldn't he stick to his specialties, rocket science and neurosurgery?

Or better yet, what Britney Spears and Justin Timberlake are doing?

[jbander]

Hey

Your figuring it out huh


Republicans are the corporate whores


Sometimes the corporations want to rebuild the economy they and the republicans raped



So then they give to the Democrats who then tax them to fix everything the republicans fucked up (lying us to wars, crashing the housing market, crashing the energy market, lying about a pandemic) and then there is an economy for the republicans can crash again


The oligarchs love a boom and bust economy


They make bank in a falling or rising economy

Us citizens just get screwed


If we never let the republicans back in we can end this cycle

WE don't have to let them back in and we shouldn't ,we should bring down this hate group so real conservatives can put together a voice and party for themselves. WE can get rid of them with more conscience then the 250 bills around this country to take the vote away from democrats. IT is actually quite easy. Fill the supreme court, make it a law that everyone votes and have the fed takeover the elections in the states for federal congressional seats. (already in the constitution). They are gone never to be seen again, giving back the voice for conservatives. The hate group they call a party has to go. Actually Dems are stupid if they let them sit in the wings trying to bring down this country to force in a piece of shit dictator.

[Into the Night]

Biden's tax the wealthy concept is about time and him telling this country the truth about the trickle down lie is wonderful. With his tax program Just the fat of our country will pay and I hope they ring them up big time to compensate for the free ride that the trickle down lie gave them over the last 40+ years. Trickle down was created to have all the new wealth of this country, go into the hands of the wealthy and since that time all new wealth went to the golden few , which in no way can be argued. SO it's simple, for the next 40+ years everyone else other then the golden few will gain all the new wealth of this country , distributed at the same level and rate as it is now distributed to the golden few . Can anyone even come up with a argument against this reasoning. Seems more then fair to me.

Communism doesn't work. Wealth is not a closed system. Theft is theft.

[jbander]

I shouldnt have to explain this BUT.......People donate their time and MONEY to political campaigns in an attempt to secure the things they want from the elected official. Pretty sure these Billionaires who spent a lifetime lusting after as much money as humanly possible do not have a goal in mind of being able to keep less of their money. This should be common sense for most people,.... sad that it isnt.

Nonsense, if a billionaire votes for a dem, it is out of conscience they know the proposals of the Democrats. If the go hate party is because they care nothing about anyone but themselves and won't let their conscience get in the way. , which is truly the case at hand. Your comment is nonsense.

[Into the Night]

People paying very high taxes have traditionally been people doing pretty damned well in this country.

Reversal fallacy. Communism doesn't work. Theft is not 'doing well'.

I find it amusing that shitkickers who are being asked to pay next to nothing are the first to worry about the tax burden of billionaire oligarchs.

Being rich is not an oligarchy. Learn English.