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Ocasio-Cortez 70% Tax Rate

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  • #31
    Originally posted by Jared View Post
    And this is where Elizabeth Warren's wealth tax comes in to play; whatever the top whatever percent has in net worth, she wants a bite.
    There is some merit to a wealth tax logically though. The richer you are, the more invested you are in the protections provided by your government (in the form of military, police, judiciary, etc.) People with wealth derive the greatest amount of benefit from the maintenance of the status quo, derive the greatest amount of benefit from defense from disruptions, and actually make use of government services the most. For example, rich people have greater access to courts and lawyers and use them a lot more than poor people do.

    Wealth taxes actually make some sense.

    Some other taxes which are illegal also make sense. Head taxes (a fixed fee everyone pays) make sense because there are some services which benefit everyone. These should be small, but the situation where 45% of people pay no taxes at all is absurd.

    Tariffs make sense. No, not the Trump-style punitive taxes designed to artificially protect noncompetitive industries, but in the sense of charging the rest of the world for the free sea lanes we provide and access to the largest market we offer. Again, they should be small, but Americans shouldn't have to foot the bill for providing other countries safe access to our markets by means of military and police forces.

    A great number of government services should be fee-based, particularly elective ones. National parks should charge much higher admission. Public schools should be fee-based...people with no kids shouldn't have to pay for them. And so on.

    Pete (thinks income taxes are the dumbest form of taxes because they serve to limit social mobility)
    Last edited by Plezercruz; 02-06-2019, 11:55 AM.

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    • #32
      It's like Skooly keeps coming more and more out of the closet about how far-left he really is and Dan is fresh off his second reading of Atlas Shrugged! LOL
      "Democracy is a form of worship. It is the worship of jackals by jackasses." H.L. Mencken

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      • #33
        Originally posted by Mr. Raceboy View Post
        It's like Skooly keeps coming more and more out of the closet about how far-left he really is and Dan is fresh off his second reading of Atlas Shrugged! LOL

        Skooly seems to just not give a shit about taking certain people's property because it's only hurting a small number of people.

        It's refreshing to see that people can still change their mind. Next thing you know, Dan is going to start talking about how parents should be able to sell their babies!
        DEEZ NUTS FOR PRESIDENT!!

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        • #34
          Wealth inequality is near a 100-year high. The top 1% is like a fat man with five salami under each arm crying about starvation.

          Like Pete said, a wealth tax makes some sense. It's a tool in the toolbox that should be considered and debated given the current extreme imbalance in economic equities.
          "I guess I just hate the fact there is public property at all." - Mr. Raceboy.

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          • #35
            Yeah, but you know that the wealth tax, once implemented, is going to creep down the income scale until it affects everybody who is above average. Just like what happened with the income tax.

            Do YOU want to have to perform, or submit to, the accounting that would be required to assess your personal wealth? Can you imagine how invasive that would be? They'll be looking through your wife's jewelry drawer, trying to assess how much it's all worth.

            that won't be how it starts, but you know damn well that's how it'll wind up, after the rich people empty out their bank accounts in favor of tangible goods that are more difficult for the government to keep track of.
            "Whenever you find yourself on the side of the majority, it is time to pause and reflect." ĖMark Twain

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            • #36
              Originally posted by skooly View Post
              Wealth inequality is near a 100-year high. The top 1% is like a fat man with five salami under each arm crying about starvation.

              Like Pete said, a wealth tax makes some sense. It's a tool in the toolbox that should be considered and debated given the current extreme imbalance in economic equities.
              LFMAO, you're so fucking delusional it would be funny if not for the fact people like you vote. Poor people in America are fat, don't have to work at all, and have Xbox. THE HORRORS!!!

              It won't be until useful idiots like you realize that on the world stage, you are the top .01% and they come for your wealth. Why is it fair you eat a $15 lunch when that will feed a family of 4 in some 3rd world shithole for a month? Then you'll cry, but you'll no one but yourself to blame.

              History retard, give it a try.

              The true elites who have used you like a condom will be fine. You, not so much.

              Steve (watches America die)
              Last edited by Mr. Raceboy; 02-08-2019, 01:46 PM.
              "Democracy is a form of worship. It is the worship of jackals by jackasses." H.L. Mencken

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              • #37
                Yeesh, Steve.

                Pete (wonders if someone stole your lunch today or something)

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                • #38
                  Originally posted by skooly View Post
                  Wealth inequality is near a 100-year high. The top 1% is like a fat man with five salami under each arm crying about starvation.

                  Like Pete said, a wealth tax makes some sense. It's a tool in the toolbox that should be considered and debated given the current extreme imbalance in economic equities.
                  Wealth inequality is a pointless metric. You'd rather the poor be poorer, so long as the rich are less rich.
                  One of the great mistakes is to judge policies and programs by their intentions rather than their results.

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                  • #39
                    Originally posted by tquill View Post

                    Wealth inequality is a pointless metric. You'd rather the poor be poorer, so long as the rich are less rich.
                    That's why I pose the question of who benefits most, not who has most.

                    The cops in my neighborhood prevent theft and vandalism. If I have a million dollar house with a million dollars of stuff in it, and you have a house worth 1/10 as much with stuff in it of 1/10 of the value, it hardly seems fitting that we should pay the same for police coverage, does it?

                    Property taxes pretty much are wealth taxes accordingly, and they do make a lot of sense.

                    Pete (is arguably paying the cops to protect him from you)

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                    • #40
                      Wealth inequality is a highly relevant metric. Imagine we all sit down to eat a pizza. Tquil, Jared and I all fight over 1 slice and all feel hungry. We then see Pete has 7 slices. By not considering wealth inequality, you are basically saying donít look at Pete and his 7 slices because itís pointless!
                      "I guess I just hate the fact there is public property at all." - Mr. Raceboy.

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                      • #41
                        Originally posted by skooly View Post
                        Wealth inequality is a highly relevant metric. Imagine we all sit down to eat a pizza. Tquil, Jared and I all fight over 1 slice and all feel hungry. We then see Pete has 7 slices. By not considering wealth inequality, you are basically saying donít look at Pete and his 7 slices because itís pointless!
                        Staying within your analogy...
                        • Pete worked his ass off the last 10 years working 80 hour weeks and created a business that now creates great products that benefit people and other businesses. The others worked normal jobs. Pete worked harder and smarter for his extra slices. He helped more people... exactly the kind of thing we want to encourage.
                        • 5 years ago, everyone's slices were half the size. Sure Pete gained more total pizza, but everyone gained. You'd rather everyone have half a slice... because that would be perfect equality... ignoring the fact that everyone is now hungrier than during the previous arrangement.
                        • Even if you took away Pete's extra slices... it's not like they're distributed evenly to others. One guy is best buds with a few policitians... guess who gets Pete's extra slices? Now unhappy, Pete takes his business to a different restaurant... and the original restaurant closes from lower business and now there's few total pizza slices in town now.
                        One of the great mistakes is to judge policies and programs by their intentions rather than their results.

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                        • #42
                          You honestly think everyoneís slices have gotten larger?
                          They speak in bulletpointese leftist nutjob drivel. It doesn't matter. Nothing is as great a motivator as the chance to truly be free.
                          -Mr. Raceboy

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                          • #43
                            Originally posted by Jester View Post
                            You honestly think everyoneís slices have gotten larger?
                            World-wide? Absolutely.

                            https://en.wikipedia.org/wiki/Extrem...y-absolute.svg
                            One of the great mistakes is to judge policies and programs by their intentions rather than their results.

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                            • #44
                              Originally posted by skooly View Post
                              Wealth inequality is a highly relevant metric. Imagine we all sit down to eat a pizza. Tquil, Jared and I all fight over 1 slice and all feel hungry. We then see Pete has 7 slices. By not considering wealth inequality, you are basically saying donít look at Pete and his 7 slices because itís pointless!
                              Our wealth is not a communal pizza. We bake our own pies. If someone doesnít put the capital or work into making theirs, they donít deserve to get a slice of someone elseís.

                              http://read.gov/aesop/052.html

                              Dan (prefers to share pizza with family, employees and friends, not with strangers)
                              HFM

                              As long as there exists people with religion and a belief in God, there will never be a Libertarian state.

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                              • #45
                                Originally posted by skooly View Post
                                Wealth inequality is a highly relevant metric. Imagine we all sit down to eat a pizza. Tquil, Jared and I all fight over 1 slice and all feel hungry. We then see Pete has 7 slices. By not considering wealth inequality, you are basically saying donít look at Pete and his 7 slices because itís pointless!
                                Yeah. That's the totally wrong theory. Screw you, you're not entitled to my slices. How hungry you are is not relevant. That kind of thinking is how Hugo Chavez destroyed Venezuela.

                                Pete (points out that you're effectively arguing that you should get a bunch of goons to beat me up and take my pizza solely because you want it)
                                Last edited by Plezercruz; 02-09-2019, 01:46 PM.

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