The wealthy and corporations will pay their "fair share", if Biden is elected

Discussion in 'Political Opinions & Beliefs' started by TOG 6, Oct 14, 2020.

  1. CCitizen

    CCitizen Well-Known Member

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    Sadly, working out a Welfare State is difficult.

    My own personal income is about $300 - $400 per month. I donate 10% of my income to Jewish charities -- as the Law of Talmud mandates.
     
  2. crank

    crank Well-Known Member

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    There's no such thing as 'limited' socialism. If it's not 100% it doesn't work.

    I think what you're referring to is particular spending (on 'social' programs). That has nothing to do with socialism.
     
  3. Nightmare515

    Nightmare515 Ragin' Cajun Staff Member Past Donor

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    Which is perfectly fine and you are making a personal choice to do that. That's what I like, giving folks a choice. What I don't advocate is the government stepping in and saying that I as well must donate X% of my income to Jewish Charities whether I like it or not.

    In my opinion the government already gets a quarter of my income with or without my permission. That's enough. If the societal programs need more funding than that then I can choose to personally donate more if I so desire.
     
  4. Moi621

    Moi621 Well-Known Member Past Donor

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    Biden, like Clinton & Obama are Wall St. Democrats.
    Main St. no longer has any Party representation.


    The wealthy and corporations will pay their "fair share",
    if Biden is elected.

    No Way!
    Biden is no Sanders.


    Moi :oldman:



    TaxCanada.jpg
    Make :flagcanada:
    Pay It' Fair Share!
     
    Last edited: Oct 19, 2020
    Sallyally likes this.
  5. garyd

    garyd Well-Known Member

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    You've no idea what you are talking about here. First Corporations in California, (and other states, for that matter,) do not pay less property taxes than individuals because of prop 13 but rather because those corporations offer large scale employment to hundreds of people and the tax value those hundreds add through, their own property taxes either through the rent they pay or buying things via the sales taxes and there own income tax plus dozens of other taxes they pay directly or indirectly completely offsets the loss in property taxes from the corporation. Not to mention what you get from corporate taxes. Note if those corporations aren't their not only do you not get any of that money, you stuck with a homeless glut. And ever increasing welfare payment. By the way California's homeless problem, the largest in the nation, is the direct result of rent control, that favor single dwellings over apartment complexes.
     
  6. CCitizen

    CCitizen Well-Known Member

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    Limited Socialism is a system in which all people have a Constitutional Right to

    -- food
    -- shelter
    -- medical care
     
  7. CCitizen

    CCitizen Well-Known Member

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    Sadly, hundreds of thousands of people are dying from preventable causes. Saving their lives will require higher tax levels.
     
  8. crank

    crank Well-Known Member

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    That's not what socialism is - at all. That's just capitalism funding certain services.

    Socialism is the earning of one's keep. Work to eat, and the work comes first. NO ONE gets to be carried except the very young, the very old, and the sick (as long as that sickness isn't self-inflicted .. which is a fail in terms of earning one's keep).
     
    CCitizen and Have at it like this.
  9. Nightmare515

    Nightmare515 Ragin' Cajun Staff Member Past Donor

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    Perhaps true, however, in order to get that to work without some pretty serious consequences you'd have to change the personal ideologies of a lot of people. As I stated before (even though I'm not the target for tax increases) if the government doubled my taxes I would literally resign tomorrow from my job. I understand that taxing me more, even though I can afford it, would be of great benefit to a lot of less fortunate people, but I'm simply not going to tolerate my taxes increasing that much and continue to do the job that I do. That's asking too much, I would resign and get a much less dangerous and stressful job instead if the government said they wanted to take half of my income.

    I flirted with the idea of starting a small business once I retire, I have enough money to invest in that endeavor. However, I've read the Biden tax plan and from what I understand we're talking about a combined state and federal tax rate of 60%+ in some States. I'm simply not doing that, if I start a successful small business earning over $400,000 per year I am not going to pay 60% of that in taxes. If that's the case then I simply won't start a small business after all and simply sit on my piles of cash and live out the rest of my life on interest. I could have employed a few folks with my small business but now it won't come to fruition because I'm not even going to try to start one. I am not alone in that sentiment whether it's moral or immoral or whatever.

    The unintended consequences of this are likely going to be a decline in innovation and start up companies because there are a lot of folks out there who think like I do. Starting a business is a huge risk anyway and I could lose my entire life savings trying to do that as many folks have failed in the past. And you mean to tell me that if I happen to be relatively successful the government is taking SIXTY percent of my earnings? No thank you, I'd rather keep my savings to myself when I retire and let somebody else venture into that realm.
     
    Have at it likes this.
  10. Bluesguy

    Bluesguy Well-Known Member Donor

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    Budgets and deficits are a function of the Congress not the President. What happened to the debt under Republican Congresses 1995 - 2007 versus Democrat Congresses 2008 - 2015. And don't include 2020 in any of your Trump numbers as that one will forever have a COVID asterisk but let's keep in mind it is the Democrats clamoring for even more spending and if we get Biden it will be HUGELY more spending and HUGELY more debt. We saw how Biden and Obama steered us through the last recession and recovery and it was a total disaster. We are recovering under Trump for a government shutdown collapsing the economy FAR faster than the experts predicted. The Biden stimulus, he was in charge of it, instead of holding unemployment at 8% and then quickly dropping saw it shot to 10% and and stayed over 8% for the next three years and then only slowing trickled down while the LFPR went over the cliff or it would have been registered at higher. We are already under 8% and it's not even the end of the year. People have confidence in the economy and far more now say they are better off than 4 years ago than they did with Biden and Obama.
     
  11. Cybred

    Cybred Well-Known Member

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    Which is int EVERYTHING.
     
  12. bringiton

    bringiton Well-Known Member

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    It's EVERYTHING in excess of what others have. So you would have no motive to earn anything beyond that. You said you would work to have more money, but once you had as much as others, work would not get you any more.

    GET IT???
     
  13. bringiton

    bringiton Well-Known Member

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    Garbage. I have stated the relevant facts and their logical implications.
    You do not know what you are talking about. Proposition 13 specifically benefits corporations at the expense of taxpayers because corporations hold property for very long periods, thus benefiting from the Prop 13 cap on assessment increases as long as the property is owned by the same owner. Moreover, titles can be effectively transferred between corporations without changing the registered owner or raising the assessment back up to market by making the owning corporation into a shell that just owns the property, and then having the shell corporation bought by the corporation that wants to buy the property.
    No, that is just you makin' $#!+ up. Other taxes are levied for reasons that have nothing to do with property taxes.
    More garbage. Corporations are just a convenient form of ownership. The same level of economic activity would be going on without them.
    GARBAGE. By capping assessment increases unless the property is sold, Prop 13 makes land more valuable to the current owner than to developers.
     
  14. bringiton

    bringiton Well-Known Member

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    It also has to be voluntary, like the Israeli kibbutzim and the Mondragon co-operative.
     
  15. fmw

    fmw Well-Known Member

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    All additional taxes do is cause government to spend and run right back for more. It already spends too much.
     
    Last edited: Oct 20, 2020
  16. garyd

    garyd Well-Known Member

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    Nonsense all of it nonsense. You have sighted bilge from dubious, at best, left wing sources completely missed most of the points I made. Either that or English language. You would not have the same economic activity without corporations. Other wise states wouldn't be cutting deals on property taxes to get them to move into the state in the first place. It isn't just individual s fleeing California in record numbers it is businesses and corporations Elon Musk being only the biggest name. Name the last movie that was shot in California. And figure out why that is. When it is cheaper to fly your cast somewhere else to shoot a movie than it is to do it there you've got a problem and it isn't property taxes.
     
  17. Cybred

    Cybred Well-Known Member

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    It would still get me more.
     
  18. bringiton

    bringiton Well-Known Member

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    How?
     
  19. bringiton

    bringiton Well-Known Member

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    That's nothing but infantile "Meeza hatesa gubmint!" nonsense.
     
  20. Cybred

    Cybred Well-Known Member

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    By making more.
     
  21. fmw

    fmw Well-Known Member

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    I don't hate government. I simply understand that it is oversized, incompetent and corrupt. I would love to have good one instead. Nothing much more infantile that the words you have following the word infantile above.
     
  22. Cybred

    Cybred Well-Known Member

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    Definition of socialism


    1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods

    2a: a system of society or group living in which there is no private property

    b: a system or condition of society in which the means of production are owned and controlled by the state
     
  23. bringiton

    bringiton Well-Known Member

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    You wouldn't get to keep any more than others have. I'm not sure there is any clearer or simpler way to explain that to you.
     
  24. bringiton

    bringiton Well-Known Member

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    LOL! Yet somehow, in international comparisons, quality of life is directly related to size of government as a fraction of GDP.
    As long as you don't have to pay for it....?
     
  25. Cybred

    Cybred Well-Known Member

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    Except I would, I don't know why you think the govt would take everything.
     

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