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Billionaires headed for more taxes?

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TC Talks
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Billionaires headed for more taxes?

Post by TC Talks » Sat Feb 02, 2019 8:36 am

It seems like the love affair for Billionaires is ending. Between all the asshats in Trump's cabinet, and Davos discussions, support is waining for these trust funded plutocrats like Donnie.
Why are billionaires beginning to be treated so skeptically?

One reason surely is the evidence that extreme wealth has a corrosive effect on the economy. Wealth inequality places immense resources in the hands of people unable spend it productively, and keeps it out of the hands of those who would put it to use instantly, whether on staples or creature comforts that should be within the reach of everyone living in the richest country on Earth.
https://www.latimes.com/business/hiltzi ... mRc50fyLN4


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Re: Billionaires headed for more taxes?

Post by stopnswop2 » Mon Feb 04, 2019 10:03 pm

The billionaires are the ones that should be paying the most, not less


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Bryce
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Re: Billionaires headed for more taxes?

Post by Bryce » Mon Feb 04, 2019 10:14 pm

Look how soak the rich is working out for New York...


New York and Chicago were all in with respect to their sanctuary status — until they were hit with the challenge of actually providing sanctuary. In other words, typical liberal hypocrisy.

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Lester The Nightfly
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Re: Billionaires headed for more taxes?

Post by Lester The Nightfly » Mon Feb 04, 2019 10:53 pm

Bryce wrote:
Mon Feb 04, 2019 10:14 pm
Look how soak the rich is working out for New York...
Yup, the Manhattan real estate market is crumbling. The wealthy are fleeing!

At $238M, 220 Central Park South penthouse is most expensive home sold in the U.S.
https://ny.curbed.com/2019/1/23/1819481 ... ecord-sale



bmw
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Re: Billionaires headed for more taxes?

Post by bmw » Mon Feb 04, 2019 11:22 pm

Since when do Alexandria Ocasio-Cortez and Elizabeth Warren represent the views of "America"? The far-left 30% of America maybe, but not the other 70%.

I mean seriously, what a joke of an article. I got bored 1/4 of the way through, but skimming through, the Warren and Cortez are the only 2 sources I see the author cite throughout this snoozefest in support of the conclusion that "America" is "fed up" with billionaires.

Then there's this:
Multimillionaires and billionaires love to describe themselves as “self-made,” but the truth is that every fortune is the product of other people’s labor — the minimum-wage workers overseas who assemble Michael Dell’s computers or the low-wage baristas in Howard Schultz’s Starbuck stores, or the taxpayers who fund the roads, bridges and airports that help keep their businesses profitable.
:roll:

Sounds like Communist propaganda drivel. Karl Marx would be proud.



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Re: Billionaires headed for more taxes?

Post by TC Shuts Up » Mon Feb 04, 2019 11:30 pm

The problem is there are nowhere near enough billionaires in the world to cover Medicare For All, to repeal the Law of Supply and Demand, The First Law of Thermodynamics, etc.

They will start taxing the modest Individual Retirement Portfolios of Private Sector individuals to pay the exorbitant PENSIONS of Government Employees at all types and levels-Police, Fire/Emergency Medical, Teachers, Professors, Local officials, State officials, Federal officials. Toll Box Attendants who make over $100,000 a year and retire to cushy $50,000 a year Pensions. They retire at 50, 55. Economic collapses in Europe have been precipitated by this type of taxation.

The sad thing is that the public sector will think this is fine and dandy. As long as their Ox isn't being Al Gored. It's just those Old White Male Christian Cisgender Heteros, who bloomed anyway without being eligible for cushy government jobs, and have to be taught a lesson for being moderately successful anyway, even if it was in HVAC or construction, etc.


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Lester The Nightfly
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Re: Billionaires headed for more taxes?

Post by Lester The Nightfly » Tue Feb 05, 2019 12:09 am

As I've mentioned elsewhere, it amuses me to no end that anyone within spitting distance of this forum believes they will somehow be personally effected by this. Rest assured those who may get hit with a 33% surcharge on earnings over $10M/yr. find your concern equally funny if not perplexing. Y'all swallowed the "greed is good" package hook, line and sinker and greased it on the way down with the 'slippery slope' chaser.
Well done, chumps.

Now get back to work grunts, the toilets on those folks Gulfstreams don't scrub themselves...



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Re: Billionaires headed for more taxes?

Post by Deleted User 8570 » Tue Feb 05, 2019 12:24 am

Lester The Nightfly wrote:
Tue Feb 05, 2019 12:09 am
As I've mentioned elsewhere, it amuses me to no end that anyone within spitting distance of this forum believes they will somehow be personally effected by this. Rest assured those who may get hit with a 33% surcharge on earnings over $10M/yr. find your concern equally funny if not perplexing. Y'all swallowed the "greed is good" package hook, line and sinker and greased it on the way down with the 'slippery slope' chaser.
Well done, chumps.

Now get back to work grunts, the toilets on those folks Gulfstreams don't scrub themselves...
If you have $10 mil and you lose $5 mil does it even really register? I kind of doubt it... doubly so if we increase the numbers... $30 mil against $10 mil for example...



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Re: Billionaires headed for more taxes?

Post by bmw » Tue Feb 05, 2019 1:21 am

If nobody will be affected, then why collect the tax in the first place? That money is going SOMEWHERE.

Also, if not being personally affected means that nobody here should care, shouldn't that same logic also apply to so many other national issues we discuss in here? Let's take the wall for instance - would anybody in here be even remotely affected by either the existence of a physical wall more than 1500 miles away or the loss of 1/800th of the federal budget to build it?

Or how about Virginia's governor. Lester - weren't you one of the people calling for his resignation? How are you affected personally by whether he remains governor of Virginia?



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TC Talks
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Re: Billionaires headed for more taxes?

Post by TC Talks » Tue Feb 05, 2019 6:38 am

Of course there is billionaire welfare....

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TC Shuts Up
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Re: Billionaires headed for more taxes?

Post by TC Shuts Up » Tue Feb 05, 2019 7:36 am

bmw wrote:
Tue Feb 05, 2019 1:21 am
If nobody will be affected, then why collect the tax in the first place? That money is going SOMEWHERE.

Also, if not being personally affected means that nobody here should care, shouldn't that same logic also apply to so many other national issues we discuss in here? Let's take the wall for instance - would anybody in here be even remotely affected by either the existence of a physical wall more than 1500 miles away or the loss of 1/800th of the federal budget to build it?

Or how about Virginia's governor. Lester - weren't you one of the people calling for his resignation? How are you affected personally by whether he remains governor of Virginia?
First, it's really funny how Democrats were calling for the Virginia governor's resignation-when CNN identified him as a Republican. That's why there is all the backtracking. I always love to see politicians hoisted on their own petard.

The Democrats have been big lately into saying that "you didn't create that wealth, the government did". This is almost always someone who doesn't have the skill set to build a real business themselves, like BHO. "Community Organizer" is not a real business.

They maintain that because the government prints money, that they create wealth. Other forms of currency throughout History say otherwise. But if so, then why don't they do what Zimbabwe and Venezuela do and just print more money? Instead of taxes, print money. Well, it creates inflation. That fact alone shows you that printing money and creating wealth are two different things. If you tax people to death, there will be no wealth, no jobs, no payroll to tax. The closer to 100% tax you have, they closer to complete servitude. JFK knew this. Instead of just revering him, the way to honor him is to incorporate some of his policies.


Disagreeing with Communists is NOT an impeachable offense.

Never eat Sushi past its expiration date.

Those who refuse to drain the swamp are doomed to drown in it.

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Bryce
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Re: Billionaires headed for more taxes?

Post by Bryce » Tue Feb 05, 2019 8:06 am

Lester The Nightfly wrote:
Mon Feb 04, 2019 10:53 pm
Bryce wrote:
Mon Feb 04, 2019 10:14 pm
Look how soak the rich is working out for New York...
Yup, the Manhattan real estate market is crumbling. The wealthy are fleeing!

At $238M, 220 Central Park South penthouse is most expensive home sold in the U.S.
https://ny.curbed.com/2019/1/23/1819481 ... ecord-sale
https://www.newsday.com/news/region-st ... .26892647


New York and Chicago were all in with respect to their sanctuary status — until they were hit with the challenge of actually providing sanctuary. In other words, typical liberal hypocrisy.

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Lester The Nightfly
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Re: Billionaires headed for more taxes?

Post by Lester The Nightfly » Tue Feb 05, 2019 1:16 pm

bmw wrote:
Tue Feb 05, 2019 1:21 am
If nobody will be affected, then why collect the tax in the first place? That money is going SOMEWHERE.

Also, if not being personally affected means that nobody here should care, shouldn't that same logic also apply to so many other national issues we discuss in here? Let's take the wall for instance - would anybody in here be even remotely affected by either the existence of a physical wall more than 1500 miles away or the loss of 1/800th of the federal budget to build it?

Or how about Virginia's governor. Lester - weren't you one of the people calling for his resignation? How are you affected personally by whether he remains governor of Virginia?
Don't get me wrong, you don't need to have a dog in the fight to have an opinion even if it's a monumentally idiotic one. If folks want to think there's some cosmic comrade-in-arms taxation connection between themselves and someone pulling down $10M/yr. feel free. I'm not going to stand in your way looking like a dope and it's for damn sure the guy driving the Ferrari who you seem to want to protect from extra taxes ain't going to get in your way either.

BTW - As far as Virginia's governor, even if having something of a connection were important it's not nearly as important as not being silent about calling out prejudicial and/or racist behavior.



bmw
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Re: Billionaires headed for more taxes?

Post by bmw » Tue Feb 05, 2019 2:45 pm

People who want to raise taxes on the super-rich obviously must think that the super-rich aren't already paying enough in taxes. How much of their income should they be required to donate back to society? Per taxfoundation.org, the top 1 percent of income earners make 20% of the income but pay nearly 40 percent of all the income taxes. And that latter number rose in 2015.

https://taxfoundation.org/summary-lates ... 16-update/

So the idea that the rich aren't paying their fair share is utter nonsense.

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Re: Billionaires headed for more taxes?

Post by TC Talks » Tue Feb 05, 2019 7:21 pm

So, the 10% - 1% need to kick it up. The 1% should be at least 30%


“The more you can increase fear of drugs, crime, welfare mothers, immigrants and aliens, the more you control all of the people.”
― Noam Chomsky

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