70% of your second $10 million. You only have to pay regular tax rates on your first $10 million. I assume there will also be a significant bump in tax rates for your income over $1 million as well, but not 70%. I hope you don't have to lay off too many servants to deal with this hardship. It would be more ethical to keep them on the payroll and cut back to a single private jet.
Taxes are not theft, period. It does not matter what they are used for. The more you make, the more you benefit from a strong government to protect you from other people who want to kill you so they can take your stuff.Ah, if used the way that you guys like then yes it is theft. Should the wealthy pay their share. Of course. At 70% though? That's ridiculous. What do you think they'll do? They'll pack up and move to another country. They have that option. We don't.
I believe in personal responsibility. I have school loans myself. I'm trying my best to pay them off. I taught in SoItuth Korea because I knew the cost of living in Asia was low, and that would allow me increase my payments. You do what you have to do! If you have a degree in pottery it's not my issue. You should had made a better choice. If we go after the wealthy, that means we are going to be leveling hefty taxes on their businesses. Just look at Amazon and the city of NY. That didn't go very well for NYC did it? You can't just tax the rich because they don't produce income like us. Most of it is in personal investments: stocks, real estate, mutual funds.
Most millionaires are not self made. And as long as we continue to enforce policy that makes it more difficult for those born in the middle and lower classes to be able to obtain higher education (without taking on debt equal to or greater than the value of the education), that problem will only get worse.Why would you want to rob people? That's what you're doing. Right? From an ethical standpoint why would you want to rob someone who took risks, and who worked their ass off to get to that point. I don't know what you think, but most millionaires are self made, and they work looong hours. You just don't get to sit at home watch Netflix and play video games all day when your goal is to do big things.
So again. Why do you think it's OK to rob people and to take their money.
Straight off the boat from Soviet Russia.What are you some kind of commie?
Why would you want to rob people? That's what you're doing. Right? From an ethical standpoint why would you want to rob someone who took risks, and who worked their ass off to get to that point. I don't know what you think, but most millionaires are self made, and they work looong hours. You just don't get to sit at home watch Netflix and play video games all day when your goal is to do big things.
So again. Why do you think it's OK to rob people and to take their money.
Ah, if used the way that you guys like then yes it is theft. Should the wealthy pay their share. Of course. At 70% though? That's ridiculous. What do you think they'll do? They'll pack up and move to another country. They have that option. We don't.
I believe in personal responsibility. I have school loans myself. I'm trying my best to pay them off. I taught in South Korea because I knew the cost of living in Asia was low, and that would allow me increase my payments. You do what you have to do! If you have a degree in pottery it's not my issue. You should had made a better choice. If we go after the wealthy, that means we are going to be leveling hefty taxes on their businesses. Just look at Amazon and the city of NY. That didn't go very well for NYC did it? You can't just tax the rich because they don't produce income like us. Most of it is in personal investments: stocks, real estate, mutual funds.
Ah, if used the way that you guys like then yes it is theft. Should the wealthy pay their share. Of course. At 70% though? That's ridiculous. What do you think they'll do? They'll pack up and move to another country. They have that option. We don't.
I believe in personal responsibility. I have school loans myself. I'm trying my best to pay them off. I taught in South Korea because I knew the cost of living in Asia was low, and that would allow me increase my payments. You do what you have to do! If you have a degree in pottery it's not my issue. You should had made a better choice. If we go after the wealthy, that means we are going to be leveling hefty taxes on their businesses. Just look at Amazon and the city of NY. That didn't go very well for NYC did it? You can't just tax the rich because they don't produce income like us. Most of it is in personal investments: stocks, real estate, mutual funds.
Haven't you already owned yourself in this thread badly enough?Quit trying to reason with these incompetent fools.
Their answer is always (and always will be) "We need to tax THEM more!"
Them being anyone but themselves. It's greed 101.
The battle over economic inequality will not be won by ensuring that higher education will be for be only for those lucky enough to be born to parents who can afford it.So... Her plan is nothing but a give away to the wealthy and better off. 25-30% of our population have degrees. Degrees that on average will potentially earn them $1 million more in their lifetime than a high school grad... And we want to reward them. If are one of those people bitching about income inequality and so forth but are for her plan you are contradicting yourselves.
You people seriously dont believe that 70% over $10MM is real, do you? Do you know how many people make that?
Do you really think the small pittance this tax will raise will pay for the trillion in outstanding debt? Or even fund future inflated costs?
Either you flunked out or have no common sense.
The $10MM figure is a lull stupid people (ie. you) into thinking this is 'do-able' just as long as everyone else gets screwed but you.
It just doesnt work that way.
A monster government entitlement like this one (and eventually "free" healthcare) will have to paid by everyone with a tax rate of 50%+ for ALL incomes. Its not rocket science.
Dont buy the socialist propaganda, lies and halftruths. Do a little research and you will know what it really takes to pay for "free" shit.
You people seriously dont believe that 70% over $10MM is real, do you? Do you know how many people make that?
Do you really think the small pittance this tax will raise will pay for the trillion in outstanding debt? Or even fund future inflated costs?
Either you flunked out or have no common sense.
The $10MM figure is a lull stupid people (ie. you) into thinking this is 'do-able' just as long as everyone else gets screwed but you.
It just doesnt work that way.
A monster government entitlement like this one (and eventually "free" healthcare) will have to paid by everyone with a tax rate of 50%+ for ALL incomes. Its not rocket science.
Dont buy the socialist propaganda, lies and halftruths. Do a little research and you will know what it really takes to pay for "free" shit.
Warren is such a disappointment. She’s an extremely intelligent person but is resorting to the typical politicians toolkit of promising things that she damn well knows will never happen to get the votes. She’s basically lying. I know she’s got tons of good ideas in that head of hers but instead of campaigning on those she’s trying to outdo Bernie with all the promises of free stuff.
Here’s a challenge for you, use the search function and go hunt down where I was in favor of the tax cuts.
Here is a challenge for you, wtf does it matter what you lied about here 2 years ago?Here’s a challenge for you, use the search function and go hunt down where I was in favor of the tax cuts.
They're not anti-education, they're anti-equal opportunity. They want higher education to be restricted to those who were born into a family wealthy enough to pay for it. All else will have to 'earn' it through a system of indentured servitude intentionally designed to block their upward economic mobility.
All their other narratives on this subject are flat-out bullshit. Conservatives/GOP didn't care about debt and deficit when they're lining their own pockets with pointless multi-trillion dollar wars. They didn't care about debt forgiveness when they were get the principal hacked off their mortgages. And they certainly didn't care about tax rates when those taxes were paying for their own college educations back in the 60s/70s.
It's so cute you think there is equal opportunity. The most likely indicator of success in the US right now is how well off your parents were.Vic, what do you want the system to do? I mean it's pretty darn equal opportunity right now. If you work hard or have talent in high school you can earn scholarships and escape college debt free. If you aren't as driven or gifted you can still take out loans and in a good career field that's still an excellent economic choice. Yes, if you choose poorly you get hammered and we can talk about whether or not we think that's a good outcome or not. But the current system can definitely be considered equal opportunity.
The wealthy are always going to have advantages. Personally I think a better way to address this would be through estate taxes and such, but money in a capitalist society is the ultimate cheat card...
It's so cute you think there is equal opportunity. The most likely indicator of success in the US right now is how well off your parents were.
Vic, what do you want the system to do? I mean it's pretty darn equal opportunity right now. If you work hard or have talent in high school you can earn scholarships and escape college debt free. If you aren't as driven or gifted you can still take out loans and in a good career field that's still an excellent economic choice. Yes, if you choose poorly you get hammered and we can talk about whether or not we think that's a good outcome or not. But the current system can definitely be considered equal opportunity.
The wealthy are always going to have advantages. Personally I think a better way to address this would be through estate taxes and such, but money in a capitalist society is the ultimate cheat card...
That's simple economics. Why pay for expensive american labor when you can get dirt cheap overseas labor? Isn't that the entire point of free trade?Ahh yes, the impeccable ethics of taking advantage of low wage labor in Southeast Asia to live comfortably and cheaply.