As a liberal are going to lead and pay your back taxes since the '80's?
I said racist right wing republican white men.
He doesn't strike me as one of them, but you do.
As a liberal are going to lead and pay your back taxes since the '80's?
I have no clue what the second portion of your statement has to do with anything but you liked her comment that white people should pay back taxes going back to the '80's. So you owe about 30 - 35 years of taxes which for most people would be their entire net worth. You going to step up and pay that?
There you go doing what you do best, lying on me.
I said racist white wing republican men and you can add their corporations.
Like I said, I'm happy to pay fair taxes. It's not practical to ask people to come up with 30 years of taxes at once, but we should roll back tax rates to pre-Reagan and perhaps temporarily increase them a bit to get back to more equality.
There's nothing better our country can do than to restore our more balanced tax rates and lower inequality and increase investments in the country following a democratic (small and large d) public-interest agenda like infrastructure and education.
it is if they have a the money.
30 years is a drop in the bucket.
Let me be clear. I am referring to the 1% and corporations that need to pay. Not just white people.
Some ultra wealthy need to pay as well.
Like I said, I'm happy to pay fair taxes. It's not practical to ask people to come up with 30 years of taxes at once, but we should roll back tax rates to pre-Reagan and perhaps temporarily increase them a bit to get back to more equality.
There's nothing better our country can do than to restore our more balanced tax rates and lower inequality and increase investments in the country following a democratic (small and large d) public-interest agenda like infrastructure and education.
a married couple who make $54,000 a year will have a $24,000 itemized deduction, $6000 in exemptions for a net taxable income of $24.000 at a taxable rate of 0%......what is the disparity ratio between "you don't pay no income taxes" and whatever rate the rich pay?.......(facts are so fucking inconvenient)......
Which would result in a $1300 net savings the first year then decline to around $600 in 5 years. Where as those same people would see a loss of greater than that on Medicare benefits alone and half the amount they can deduct on their mortgage. Where as the top 1% would average better than $150,000 annually and with the elimination of the estate tax the very wealthy will be able to undermine our democracy by turning our blooming oligarchy into a defacto Aristocracy.
And were fed the same old bullshit that has never worked. If we give more money to the rich to sit on we will all be better of by living off their leavings. History has shown that has never worked and if let go to long enough the inevitable increase in inequality (the only Supply Side prediction that works) will destabilize our economy, undermine our democracy and create social and political upheaval.
The facts are that our economy and income equity have been more productive when we have a tax structure that forces the very wealthy to use it (i.e invest) or lose it which keeps more money in circulation which grows the economy. Top heavy Tax cuts have never shown that they create economic growth.
The sad fact though is that for the corporate tax rate to be lowered then all the loopholes and deductions need to be eliminated as no corporation pays the effective corporate tax rates and many corporations use those loopholes to pay no taxes. This is the Great lie of the GOP tax plan.
The reality of this tax plan is that it is a great give away to the very wealthy. It does very little for the middle class and probably hurts them long term and it certainly hurts the poor.
The tax plan, if passed, will have predictable results. It will balloon the national debt, increase our deficit, increase inequality, create a permanent monied Aristocracy and long term those aspects of supply side reverse socialism will destabilize our nation socially, economically and politically. Supply Side Economics needs to be relegated to The dustbins of history where it belongs with communism, lazzies faire capitalism, fascism, feuadalism, Aristocracy and other failed socioeconomic systems of history.
The facts are clear. Top down and bottom up economic policies don’t work for the vast majority of people nor do they grow our economy. What does work for the most people and grows our economy is middle out organic economic growth by creating consumers.
The ironic part is that if Trump succeeds in his tax plan but fails on trade agreements and heavy investment in infrastructure it will be a great betrayal to his white working class supporters.
What rock were you hiding under? Reagans Supply Side tax cuts and massive deficit spending on the military undermined what Voelker had been doing to end of years of stagflation due to Nixon’s policies to the point where Reagan back tracked and raised taxes. It was at that period when Reagan raised taxes and reduced deficit spending that the economy in the 80’s began to improve.
You need to go back and study the actual history of the Reagan era instead of relying on internet myth.
Internet myth? This may be a shock to you but there were many books written on Reagan prior to the Internet.
You could take your own advice here. The deficit exploded because they didn't cut spending, as I pointed out. It's too early in the morning to start posting all the stats on the '80's economic growth but it's there
Internet myth? This may be a shock to you but there were many books written on Reagan prior to the Internet.
You could take your own advice here. The deficit exploded because they didn't cut spending, as I pointed out. It's too early in the morning to start posting all the stats on the '80's economic growth but it's there
what spending?
the whole thingnwas a plan to fuck it up and then claim cutting resources fir the poor was needed.
ronny rayguns
they called him that for a reason wack
you ever going to call out racism on this site?
No but how about we invest heavily in education, both college and trade, technical schools and lower tuition costs and invest heavily in infrastructure even if we have to raise taxes to do so? Those are proven to create middle out growth where as top down tax cuts for the wealthy never have.Any recommendations on how we can import the Californian economic model to the country as a whole to have extreme wealth along with the highest poverty rate?
Have you been to the South and Midwest and seen what your supply side policies and trade agreements have done for them?Highest poverty rate in the country and huge economic inequality. That's the goal nation wide?
Have you been to the South and Midwest and seen what your supply side policies and trade agreements have done for them?
Have you been to the South and Midwest and seen what your supply side policies and trade agreements have done for them?
More importantly, why does the Republican base (and yes, even the Democratic base) continue to buy into it? This will be what -- the third time? -- trying massive tax cuts. They don't pay for themselves, and thus balloon the debt. They didn't work under Lord Raygun, they didn't work under Bush, and they're not going to work under Trump. All they do is increase the wealth disparity between the rich and the poor (formerly the middle class).
Any theories on why the people are stupid enough to believe that tax cuts for the super rich will generate wealth for the middle class and below? I laugh at the pittance that the middle class will receive under these tax cuts.