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The Republican Utopia


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5 minutes ago, knapplc said:

 

So Warren's plan taxes 2% on $50m = $1m.   3% on $1billion (wt a b) passed on or $30 million.  They estimate that it would affect 75,000 families. (Hold it right there - just think of the wealth in this country and how our economic system generates wealth that we would have 75,000 families at the $50m level and above - pretty amazing to this middle class guy). 

 

Some thoughts:  Warren's tax plan would generate some serious cash over a period of time.   Money that is needed.  However, I still have a hard time thinking this is double taxation which seems to be unfair regardless of wealth and  which strikes at the core of why we are not still a British colony.  But as Moraine says - eliminate the loopholes. 

The other issue at hand is - should govt tax policy be to fund the govt or be used as a economic tool to 'level' the playing field by addressing income inequality.  I do not want to use taxes for the purpose of the later.  One day they may want to use taxes to take away other rights.  Use instead, good economic policy that motivates entrepreneurs to create jobs, to hire more people, & to pay excellent wages.  Incentives the wealthy to use their money to create here instead of moving their money offshore to move it out of the reach of the tax man. 

 

Quote from the article

 

Quote

 

Conservatives have said the estate tax unfairly takes from Americans who already paid taxes on assets at the time they were acquired, while liberals counter higher taxes on the rich are necessary to bring in federal revenue and level the economic playing field.

"On the right, death is not a taxable event, and the estate tax represents double taxation and an administrative headache," said Brian Riedl, conservative economist at the Manhattan Institute, a right-leaning think tank. "On the left, the estate tax is a vital source of eliminating inequality. It's a completely different framework."

Before the 2017 GOP tax law, an individual could pass on up to $5.45 million without paying the estate tax, which would then take a cut of up to 40 percent from wealth above that threshold. The law doubled that minimum, exempting all estates worth less than $11.2 million. Couples filing jointly can now pass on more than $22.4 million before the tax sets in.


 

 

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11 hours ago, Waldo said:

Let’s make a drinking game out of it. 

-1 drink every time he says “really”

- 1 drink every time he says Pelosi or Schumer

       - 1 shot if he uses lying or crying as a prefix 

- 1 drink every time he says illegal 

- 1 drink every time he says barricade 

- 1 shot when he says “believe me” 

- covfefe 

- 1 small sip when he says fake news 

 

 

 

What is the mortality rate for this game?!?

  • Haha 1
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32 minutes ago, TheSker said:

That should be good news for the Democrats, right?

 

 

Maybe the head honchos because it might drive a small # of Republicans away from the party. It's not good for democracy though, unless it leads to new parties forming, where they actually get to vote on the candidate who represents their party.

 

What happened with the Democrats last time was bad, not giving Sanders much of a chance. This would be worse.

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42 minutes ago, knapplc said:

Mitch McConnell just confirmed that Republicans don't want Americans to vote.  They want **their party** to vote.

 

 

 

There is no reason, other than voter suppression, not to make election day a holiday. Or hold it on a weekend.

 

 

Agree...or gee....make it on a weekend???

It's not rocket surgery.

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