Biden says no tax increases for incomes under $400k- It's not true.

How about everyone pay some tax and have some skin in the game so to speak.

 

If we're really "all in this together", then everyone should pay some federal income tax.

 

So you call unfair a tax system where 1 percent pay 38.5 percent of the taxes and you want them to pay more. That would be fair?

And you think increasing the costs of taxes to corporations won't raise the cost of products?

You come from the "free stuff" school of economics.

 

Can you explain why you think the economy is a zero sum game?

Social cohesion is a matter of things like culture and demographics. If communism created social cohesion the USSR would still exist.

 

Yes, I got that. I just don't see a way out of the current mess unless they do raise taxes on the high-income folks.

 

The American Capitalist system of economics have taken us to where we are now--that place of extreme disparity between the ultra-small population of ultra-wealthy & the rest of us. That system has failed America & Americans. That system badly needs repair or replacement. Bernie Sanders helped many of us see the problem. Capitalism could fix it, but only with substantial changes in its structure. Capitalism combined with Socialist programs would probably be faster & better. The worst thing would be to continue the status quo.

 

Biden stated he would repeal the Trump tax cut, but NOT raise taxes on $400k are less.

It won't be an actual repeal of the law, it will be a new law that accomplishes what a repeal does, without raising taxes on below $400k. He's speaking rhetorically, the nuts and bolts will be according to his promise. You have no basis for your conclusion.

It's not rocket science.

 

Biden stated he would repeal the Trump tax cut, but NOT raise taxes on $400k are less.

It won't be an actual repeal of the law, it will be a new law that accomplishes what a repeal does, without raising taxes on below $400k. He's speaking rhetorically, this isn't lying, because all that matters the nuts and bolts of the process which will be according to his promise. Lying would be if he promised to not tax below $400k and then went ahead and taxed below $400. No one cares how it is actually achieved ( except right wingers nit picking over language, and if you are nitpicking over language, then nitpick over Trump's language, as it is a syntax nightmare, but you don't seem to mind if he speaks rhetorically, only if Biden does. ).

Jeezus, trumpsters are a trip, you are making a mountain out of nothing.
It's not rocket science.

 

When the corporate tax was lowered to 21% which is insane, it didn't result in prices being lowered, it just resulted in CEOS getting bonuses and corporations buying back stocks.

Raising it will just reverse this.

YOu corporate shills need to quit shilling, it's getting old.

 

Yes, a constitution written in the 18th century, when frontier land was available for free (after the original inhabitants were driven off by superior arms...)

Like I said, I'm not impressed by the 18th century constitution; government to provide for the common welfare means no-one is involuntarily unemployed, or employed at below poverty-level wages (or on poverty level welfare which is an indication of a failed system which can't organize employment for everyone who wants a job) , while everyone is "pursuing their individual lives". How hard is that to understand?

How is this simple, basic, equitable requirement of government in any way "slavery"?

Hint: you are indoctrinated in a failing neoliberal orthodoxy that is rapidly approaching its use-by date, in a post pandemic world in which resources, not money, are paramount....as governments are forced to accumulate unsustainable debt to support unemployed workers.....

HK andTaiwan both belong to the mainland; HK historically is like N. Ireland, in that it was invaded by the British and then after a century or more, accepted by the local population as their masters. However HK's days as a separate state are numbered.
Taiwan is just the temporary home of the losers in a civil war ....and like the US confederate states who lost a civil war, Taiwan will eventually have to accept reunification with the mainland.
(I hope the Chinese are smart and let the Taiwanese keep banging on about independence, because the mainland will soon have a higher standard of living anyway, at which point Taiwan will vote for reunification).

 

Fake m

Fake news.

 

Republicans have not been conservative this century. Borrow. And spend more.

 

Like their belief that if we raise CapGains rates from 20% to 30% we will collect 50% more revenues, or even just 10%. History can show the opposite. Of course when you ask is your purpose to raise more revenues or just stick it to the higher earners and investors they obfuscate and will not admit they base their economic positions on jealousy and envy.

 

It says provide FOR not simply provide. When those pioneers got their homestead land they had to gt themselves and their family and all their goods to that land, there was no govt shuttle to haul them around. All the government is responsible for is to provide a system that permits you to provide a life by your own energies.

I'm familiar with the position of Taiwan and HK but I was pointing out that they are the preferred system of government to live under by Chinese who have the good fortune to have been able to choose.

 

I would stop pushing the "progaganda", if you could win elections* and eliminate poverty. But as you see on this board the Right won't even accept higher taxes on the wealthy...and since no-one like paying higher taxes, you can't mount an attractive argument to gain even the center ground.

The Dems themselves rejected Sanders, who would certainly have had no qualms about confiscating some loot from billionaires who 'earned' their wealth on the backs of ordinary workers and public infrastructure, or by manipulating the non-productive financial 'industry' (as in the GFC)

*btw, are you prepared to bet good money that Trump will loose? I thought not...so much for the "attractivenes" of your conventional economics as practiced by the Dems. and the Repubs.

During this pandemic there is no need for the government to wrack up any debt at all, the sovereign currency issuing government can simply change the digits in the bank accounts of unemployed workers so they can buy food and pay rent.

No "rationing" of goods and services involved, during the loss of non-essential production enforced by the the covid lockdown.

As for debt - in normal times - being the way in which we enable some people to "postpone consumption without having to ration goods and services"...tell that to the unemployed and those living in poverty.

 

You have the right to pursue happiness -- catching it is up to you.

 

No one can eliminate poverty, certainly not through an election, or series of elections.

Because we oppose state-enforced involuntary servitude, where people are focred by the state to provide goods and services to others w/o compensation.
Imagine that.

 

Correct. Government, as employer of last resort (ie when the private sector fails to do so), should provide above poverty employment for all those who seek it.

I have never said otherwise.

 

We have the most obese poor people in the world and they all seem to have 800 dollar smart phones. When I drive by a high school it is full off late model cars being driven by students. People that pay zero taxes get tax refunds. The US has one of the highest standards of living in the world -- which is why so many people want to come here. This is you definition of a failed America. Other than your spring break trip to Cancun have you ever actually been to other countries and seen how people elsewhere live? Why should I as a tax payer pay for more free stuff for you or free stuff for anyone else. What you should care about is your standard of living and not other peoples. If you have a good standard of living why do you want to see the government take down someone that has a higher standard of living? What moral right do you have to covet someone else's property and vote for a commie politician to steal that persons property. I know two people who came to the US from poor countries. One was a boat person who came here from Vietnam fleeing commies. The other was a black woman from a Trinidad. They both ended up as millionaires in the US by starting business that provided IT software and services. How do you explain this?

 

So, the median wage increase for full-time workers went up just 9% over 41 years. Meanwhile, the GDP per capita nearly doubled. Many workers have seen their real income drop over the working lives.

That defense is even more lame than the suggestion.

 

Obviously, SCOTUS disagrees with you and they get the last word.

 

He said he wouldn't raise taxes on anyone making $400,000 per year.

No, he didn't. He gave 85% of the tax cut to people making $400,000 per year.

 

Is that in the Constitution as one of the duties of government? Should government also provide shelter for those who, for whatever reason can't secure it for themselves? How 'bout food?

 

Any across the board cuts in income tax rates will disproportionately benefit upper income people. It's just math.

Except that is not what his announced intentions are.