Billionaire investor warns: U.S. "wealth disparity" will end in "revolution, taxes, or war"

exactly, and will save Trump's family Billions, the average American needs the tax cut, not the rich like Trump do not

 

how is that possible if most of the working class pays nothing?? while just the top 1% pay 42 of taxes

 

how can the average American need a tax cut when they pay little or no taxes and get huge benefits from what the rich pay?? As I said if top1% alone pay 42% of what is collected how much do the poor and middle class pay? Ans: next to nothing.

 

why does the right always fight bloody murder for tax cuts for the rich, but say how we gonna pay for it if it's just tax cuts for the middle class

how about a stimulus for everyone rich or poor instead each year, would be cheaper then the Trump up tax cuts for the rich and the middle class would get more

 

you want the rich to pay more so that the top 1% pay 75% and top 10% pay 99% so bottom 90% always vote for more leeching since they pay nothing?? Democracy is not supposed to be about stealing from others. everyone should pay same for govt just like they pay same for meat in supermarket.

"When the people find that they can vote themselves money, that will herald the end of the republic."
-Benjamin Franklin

 

They don't think well of poor people.

 

I want the rich to pay at least the same tax per dollar I do, there is no reason they should pay less of every dollar they earn then the middle class does

crazy that the right doesn't agree

 

A billionaire investor complaining about wealth inequality? And you take this guy seriously? That's almost as funny as Warren Buffett complaining he doesn't pay enough taxes.

 

do you want them to pay more in supermarket too?? Why?

 

yes the poor must be put on more welfare, they can do anything but live off welfare!!!

 

they would know

you don't trust the rich, but want to give them huge tax cuts cause you trust they will create jobs?

 

No on both counts.

In general, I trust people whether they are rich or poor - until they do something that harms their credibility, and a billionaire complaining about wealth inequality is awfully suspicious.

The first reason I want tax cuts is to force the govt to shrink and be less intrusive - starve the beast. The less money the govt has, the less it can influence people and pick favourites and play social engineer, so the more freedom people have.

The second reason I want tax cuts is because the more money people - rich, poor, middle class - have in their personal control, the better the economy.

All tax cuts are good, even if they are just for the rich. Stop being jealous of rich people.

 

I am all for that, end the war on Drugs, get republicans out of women's uterus's, get rid of faith based initiatives, ect....

oh and no more nation-building overseas like we did in iraq

when the rich are not spending, tax the rich, keep the money circulating... that helps the econoy

more money in the hands of the 1% does not make for a better economy, more money in the middle class on down does - that makes the %1 create jobs to get that money

 

You prefer Venezuala after Chavez?

 

VZ had NO middle class before Chavez... That's already been explained to you in this thread. Read some history.

 

Its not one sided, you can't just cut what fits your partisan agenda.

Stop funding Planned Parenthood, NPR, PBS, they are all more than capable of funding themselves.

Stop funding "green energy", that's proven to be just a scam to payback political cronies. If "green energy" is so good, let it stand on its own.

Abolish the "tax exempt" category.

Abolish business taxes since they just get passed on to the consumer.

Don't care. The issue is not who to gets to keep their own money, the issue is downsizing the govt.

 

stop funding oil companies

end the cap for ss\medicare taxes on the rich

 

There is a simple answer:
1 - flat tax on income, everyone pays, no deductions, no credits. You make $1 you send 15 cents to the govt. No payroll tax, no sales tax, no business tax, all income taxed at the same rate.
2 - govt limited to its constitutional boundaries. It doesn't provide or run health care, provide retirement programs, run "public" education. Abolish the dept of energy, education, housing, environment, etc. No subsidies to any group.

That means no favouritism, politicians cannot pick winners and losers, no social engineering, no imposing one groups "morals" on everyone.

 

And they have none now. So tell me how much better off they are under a socialist govt.

 

I agree. But the govt needs to stop funding ALL companies. No more govt backed loans. No more tax incentives for the govt pet projects. No more bailing out insurance companies.

 

so you wanted them to switch to capitalism or communism to get a middle class??

 

I agree, I 100% support a flat tax on all income earned over the poverty limit as long as all income treated as income and everyone rich or poor plays by the same rules, no caps

if we want to add a tax cut for investment income, make it be the first 10k earned a year is tax free - if you rnot hiring Americans, your employees are not paying taxes, so you should pay more taxes

only exception is corporations, raise their tax 25% and give all corps that do not outsource American jobs a 25% tax cut

 

I don't think that's true. I think repressive societies have a greater gap between rich and poor. There's more poor and fewer rich, too.

 

And you are already playing politics and picking favourites.

No tax cut for investment income, treat all income the same. The reason there is currently a lower rate for investment income is because the regular income rate is so high. Make a flat rate of 15%, no deductions or credits. Total personal income in the USA in 2016 was about$16T, that means tax revenue at 20% would be $3.2T, total federal tax revenue in 2016 was $3.3T. I would make the rate 15% because the govt is far too big and needs to be cut.

Corporations don't actually pay taxes, taxes are passed through to the customers and share holders (all those people with stock in their retirement plan). A business tax is just an indirect tax on the people you claim you want to have a tax break.

 

corporate tax is 42% highest in world and responsible for driving 10 million jobs offshore. It should be eliminated so business can concentrate on business rather than moving offshore to dodge liberal taxes. Do you understand?