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The Republican Utopia


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Just now, Archy1221 said:

$400,000 in San Francisco might buy you a few cans of beans and a cardboard box to live in.  Let’s stick it to those wealthy bastards.  

 

1 hour ago, BigRedBuster said:

It's pretty well defined in the proposal and was told to you as being anyone making over $400,000.  If you are making over $400,000  and living paycheck to paycheck and don't have any assets, that's your own fault and shouldn't play into the discussion as to if their top tax bracket should be increased by a measly 2-3 percentage points.

On a side note, if those making $400,000k and spending all their disposable income, wouldn’t they be paying more than their fair share in sales tax, this supporting society adequately enough? 

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1 hour ago, Dr. Strangelove said:

Exactly this. There are a variety of reasons that tax bracket could be living paycheck to paycheck, but I'm not going to cry if their tax rates go up a few percent.

 

But there are other taxes that Republicans refuse to implement, like a surcharge on capital gains for stock transactions with $1 million or more. Raising capital gainss rates for long term holdings higher than 15% for income groups higher than a certain amount, etc. All would be revenue raisers, none would adversely impact 99% of Americans and all these proposals DOA in Republican circles.

Why stop there?   Sounds like everyone can live just fine on $400k so let’s tax everything above that at a 90% threshold.  Get rid of use it or lose Gov spending and reward cost centers for clocking in under budget with bonus (taxed at the standard 35% though)   This will be awesome for the deficit.  

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1 hour ago, Archy1221 said:

Why stop there?   Sounds like everyone can live just fine on $400k so let’s tax everything above that at a 90% threshold.  Get rid of use it or lose Gov spending and reward cost centers for clocking in under budget with bonus (taxed at the standard 35% though)   This will be awesome for the deficit.  

An extremely Progressive Tax bracket? 

 

Careful, you're going to make this country into Denmark or the progressive hellhole of Sweden. I hear they live really long and have happy lives. 

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1 hour ago, Dr. Strangelove said:

An extremely Progressive Tax bracket? 

 

Careful, you're going to make this country into Denmark or the progressive hellhole of Sweden. I hear they live really long and have happy lives. 

I agree let’s give the people what they want.   $400k is the threshold and basically the rest goes to big Gov.  Economy’s gonna be lit! 

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1 hour ago, suh_fan93 said:

 

 

 

"...to restore its original mission as a beacon for free speech, and even to expose Twitter's past complicity with a government censorship regime..."

 

Pretty rich, given Elon's self-described free speech absolutism, and then explicitly platforming one specific candidate and a host of the space explicitly declaring his support.

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38 minutes ago, Archy1221 said:

That actually is pretty funny

What was confusing 

I think he's confused at your suggestion that raising capital gains taxes on stock transactions over $1 million dollars or raising taxes on individuals making over $400k a year is not a good idea. 

 

Presumably because people with that income spend it all - pay sales tax - and are thus taxed enough. This ignores the basic reality that the wealthy tend to invest their money rather than spend it all on goods and services and they take advantage of tax breaks/loose enforcement to lower their tax burden further.

 

13 hours ago, Archy1221 said:

I agree let’s give the people what they want.   $400k is the threshold and basically the rest goes to big Gov.  Economy’s gonna be lit! 

In addition, you do seem to think that raising taxes on the wealthy turns the economy into a socialist hellhole, typical of Republican voters and is not based in reality. Raising the tax rates of incomes at $400k from 35% to 40% will not turn this country into Sweden. 

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