I just want to tax the rich so we can actually have a proper functioning economy Trickle Down Reaganomics didn't work
>>539730930actually trickle down reaganomics does work the problem is we have socialism and leftist policies in place to prevent it which is the big ironiy that retards like you keep advocating for more policies that create the situation you are angry about in the first place
But all you do is send that money to Britain and Russia
>>539731014I don't care about economicsI just want to kill you
>>539730930Define rich. Pro tip: you fucking can’t.Also, how will a working, middle class white family benefit from taxing the rich when that family receives nothing from the government?
>>539731030>Source>His ass>>539731014How? We are in this mess because of wealth inequality and we've had free market capitalism since the 1980s.
>>539730930Na we just have to wait a bit more all dat wealth will surely trickle down now any day.
>>539731055>Define rich. Pro tip: you fucking can’t.It's area dependent.>Also, how will a working, middle class white family benefit from taxing the rich when that family receives nothing from the government?They get all the money via medicaid, medicare, social security, SNAP, department of education loans, subsidzied colleges, sidewalks to walk on, parks to visit, cheaper food via farm subsidies.
>>539731102sure buddy
>>539730930It doesnt really work, the best standard of living weve ever seen on this planet was America in the 1950s. Capitalism is not the problem, government corruption is. Communism just expands the size of the government, which increases corruption. You guys really need to stop listening to conmen who are using you as useful idiots, at the very top of the left is just more corrupt people seeking power - the exact same as the people on the right that you oppose
>zog passes 'tax the rich' bill>rich find ways to circumvent>zog realizes it still needs the revenue>bracket for middle class increaseslook at history retard. if you want to fix this, stop the welfare state yesterday. SSA, VA, EBT, all of it
>>539731161>Capitalism is not the problem, government corruption isxDWhile i m not a fan of the efficiency of the goverment keep telling yourself that convenient lie.
>>539731055>Also, how will a working, middle class white family benefit from taxing the rich when that family receives nothing from the government?It doesn't because all government gibes will go to JaShaun and Nbu.
>>539731210>Things that never happenedYou're a moron who doesn't realize how good things used to be in America>u want to fix this, stop the welfare state yesterday. SSA, VA, EBT, all of itAh yes so cut funding to the middle class who need money because raising taxes on the rich might somehow go onto the middle class.
>>539730930reminders: 1) Op is a goddamned jew living on stolen land in israel. Today, he shows his commie face. Tomorrow, he shows his Loxism face. 2) the lower 50% already pay no taxes. 3) 24% of the national expenditures is debt money, which makes bankers richer but you a debt slave. 4) Yes most of the stooges here are jews, and they're going to mislead you.
>>539731376We need to import more shit from africa and then have an excuse to stop the welfare state. Right.
>>539731376retard, that money doesnt go to the middle class. it goes to niggers and illegals. see here >>539731316things also used to be good in America, in the 1950's. see here >>539731161i wonder what possibly fucking happened in the next decade
>>539731014We've been doing this neoliberal bullshit for like 40 or 50 years. It doesn't work. Anywhere in the world. Blaming socialism or leftism or whatever the fuck is just more lies. Fuck you.
>>539730930What does that mean to you specifically.Its a comforting platitude to bitter angry people, but what does that mean as a policy?Do you think rich people dont pay taxes?What do you think is a fair tax rate for rich people?What makes somebody rich in your perspective?It seems to me that a lot of What DSA type people say is mostly rooted in feelings rather than any actual rational policy proposals.A lot of thwir focus seems to be on riling up voter enthusiasm without ever really explaining what people are voting for.
>>539731468>retard, that money doesnt go to the middle class. it goes to niggers and illegals.Saying something doesn't make it true.>things also used to be good in America, in the 1950'sWe taxed the rich at 92% in the 1950s.
>>539731548>We taxed the rich at 92% in the 1950s.yes, but there werent hordes of savages laying claim to those dollars in the 1950s were there
>>539731520>Its a comforting platitude to bitter angry people, but what does that mean as a policy?It means we close the Federal Budget deficit by cutting funding and subsidies to the rich, and raising their marginal tax rates. This way the U.S government indirectly redirects resources from the rich to the poor. Right now our system works inversely. The government borrows trillions from capital markets, then pays interest on the debt, that falls on society at large. They print money to pay this interest and subsidize the deficit. If we taxed the rich and funded the government that way, we'd have to tax the middle class via inflation much less than we do. That means higher real wages.
>>539730930Has there ever been a proper functioning society that is full of niggers?no there hasn'tSo who the fuck are you trying to kid. You don't give a fuck about the function of society you little liar or you'd be saying 'deport brown people'
>>539731584I think the civil rights act of 1964 went a bit too far actually and I've actually had other leftists agree with me on this one.
>>539730930Sweden has universal healthcare, free education, a higher tax burden, and more billionaires per capita than the USA.MAGA and Republicans are lying to you, everything they do hurts America to keep themselves in power. Period.The GOP is a cabal of criminals using government to engage in "legal" violence and crime. Period.If you voted for the GOP, you will soon regret it, and we will not show you mercy.
>>539731673good. go further. your entire thread relies on anons reading it being willing to believe two things>the zog can effectively tax the rich>the zog would then give that money to the white American middle classneither will happen. they fucked us in the 60s
>>539730930so stop obsessing on trannies and niggers and fucking do it
>>539731732>the zog can effectively tax the richWe can and did before 1) Kennedy2) Reagan3) TrumpUnder Clinton we did it and balanced the budget.Obama literally did exactly that, he taxed the wealthy and gave it to the white middle class via subsidies.
>>539731692this is your sweden now, faggot
>>539730930You don't actually mean any of that. Because you're too chickenshit to even name the rich that actually need to be dethroned.
>>539730930>be me>definitely not leftist>sometimes talk politics with my family>active politically>also majored in history in another life>like i am known in my family as being the guy who knows shit>occasionally mention socialist policies being a good thing>directly reference fdr>a president they all love btw>or huey long>another guy they all love>just like fdr their lives were positively impacted by these socialist policies>i directly suggest things like this need to come back and be pursued again>they accuse me of being a communist>i am literally more "right-wing" on most issues than them>they're just normie magats>i fly rebel flags>wear confederate stuff>openly racist>get called a communist>for supporting socialist policies they all lived through and directly benefited from throughout their entire livesI try so hard to avoid the Boomer hate, but fucking Boomers dude.
>>539731870yeah? evidently not effectively enough, based on your OP.>Obama literally did exactly that, he taxed the wealthy and gave it to the white middle class via subsidies.fucking lmao
>>539731468>retard, that money doesnt go to the middle class. it goes to niggers and illegalsNiggers were literally denied the GI Bill after WW2.
I think regulating the rich so they can't profit from immigration or outsourcing is better than taxing them.
>>539731014you're retarded. kill yourself.
>>539730930The richalready pay most of the tax. The poor not paying their fair share is the problem. No individuals tax burden should be a penny more or less than any other individuals.
>>539732062>after WW2.>pre-Civil Rights actas it fucking should've been. we used to be a nation
>>539731496works for me, I'm rich as fuck from trading stocks. Live in a gated community in a nice state with not a nigger or spic to be seen. Maybe just pull up those bootstraps and do a little work for yourself instead of expecting someone else to do it for you.
>>539732023Obama reversed the tax cuts on the rich that Bush passed and then gave it to the middle class via Dept of Education grants, healthcare subsidies, and SNAP.>>539731991>8 men own more than half the world.That's actually lying with statistics because it makes it sound like 8 men own half the wealth... when really that's because half the world owns nothing.The bottom 20% have a negative net worth, so I own more than the bottom 20%... it doesn't tell you anything.
>>539730930The gov't could take every Penny, and you won't see shit, dumbass. Now face the wall.
>>539731282>German flagSup mohammad, run over any faggots today?
>>539732165>The richalready pay most of the tax.I know, but it's not enough. >The poor not paying their fair share is the problem. No individuals tax burden should be a penny more or less than any other individuals.Disagree.
>>539732122You are very uneducated.>>539732113Outsourcing in and of itself is a good thing, free trade maximizes for efficiency.
>>539732062>Niggers were literally denied the GI Bill after WW2.That's insanely fucked up.
>>539732179You come from a pedophile family and stole money from people. That's not a flex.>>539732523Then why do we get all the tax money they currently take retard?
>>539732719Who the fuck is "we", faggot? I'm paying ~$30k/yr, and I don't get anything from the gov't but more damn problems.
>>539732687Here's your next Red-Pill: niggers were only given rights to avoid giving the Commies a way to finance a color revolution in the US. It was an actual 5D Chess move.
>>539732807I knew that already.
>>539732457>financial aid, medicare, food stampsfuck off with your welfare state. see my FP>>539732802this
>>539732802>30k a yearAmericans have lower tax rates than Europeans.If you're paying anything close to $30k a year then you are the rich I'm talking about. Why the fuck would the government be giving you free shit?And yes, you do get things from the government, road, sewage system, military protection, etc.
>>539730930>Trickle DownThis is a propaganda term that commies make up, no one ever said this except you, especially not supply side right wingers. Fuck off faggot.
>>539732986Milton Friedman literally is on tape praising Reagan for lowering the marginal rate from 70% to 35%.
>>539730930Why are you entitled to other people’s money?
>>539733030Because America will go bankrupt if we don't do this.I care about survival of my country more than a rich person's desire for more money they'll never spend.
Yeah sure but there are countries with minor wealth discrepancy and vast social services that still face the problems we do. The problem actually is the niggers, mexicans and feminists.
>>539732934>you are the rich I'm talking aboutI live in Califuckingwali. I make ~$88k, working my ass off. I'm also broke as shit. I split a 2-bedrom with a buddy, ~$2600/mo for my part, after utilities. I would need to 3x my income to be able to buy a shithole teardown.
>>539733436>I live in Califuckingwali. I make ~$88kMy rent is $2200 but you earn way more than me, and even I am the rich I'm talking about and am gladly happy to pay more in taxes.I am about to eat some tasty beef right now while there are people starving.
>>539731548It was more like 40% income tax after deductions and exemptions. And this has zero to do with unrealized gains, which is true wealth. And you’re fucking retarded.
>>539733565>And this has zero to do with unrealized gains, which is true wealtYou're incredibly fucking retarded that's the opposite of true wealth. You buy stocks with cash that you already paid taxes on, this doesn't allow you to escape the taxes on the money used to purchase said stocks that presumably appreciated in your example.
>>539733533My paychecks are ~$4500/mo after taxes. At the end of the year, I normally owe $1000 more, as I have 0 deductions. The cost of living out here is wild. The average home is over $1,000,000. The nice areas are over $3,000,000. The most I can really save is $1000/mo, but I would need >$200k for a down payment on a $500k shithole.
>>539733768> My paychecks are ~$4500/mo after taxes. Mine is $3940 after taxes>At the end of the year, I normally owe $1000 more, as I have 0 deductionsYou just said your rent was $2600... mine is $2200. You pay $400 more than me yet earn $560 more after taxesYou're richer than me and I am rich. As long as you don't get fired you will be fine paying your rent every month, you can eat what you want, drink alcohol if you want, buy a new phone, laptop, etc.
>>539730930How much is rich?
>>539733880It's dependent on the area.
>>539733865>As long as you don't get firedNot fired, but businesses are failing like crazy out here. I'm thinking 50/50 I'll have a job same time next year. Meanwhile, techfags are buying houses with AI stock for 2x over asking.
>>539734011But you still can buy food, you can still post on 4chan. You could go to any restaurant and get a burger for lunch if you wanted. Meanwhile there are kids in Cobalt mines right now being whipped and shot because they collapsed from starvation.
>>539733865~$700/mo for food and everything else isn't rich. WTF are you talking about? Have you ever been to California? People making 6 figs are living in vans.
>>539734011Not worth arguing with him. He won't be satisfied until you are taxed everything you have and live in a box on drugs then get replaced by a brown family.
>>539734069I didn't put them there, nigger. I don't have an electric car either.
>>539734096I live in Toronto, make $60k before taxes, and I'm living like Jeff Nezos, and I don't even spend everything I do after taxes I still buy stocks every month with a surplus.I highly doubt Cali is that different.
>>539730930As simple as that.
>>539734138No I just think when you have so many poor people struggling it's gross that some live in extreme luxury.
>>539734188Then why did you give them money you fucking retard. Stop buying stocks.
>>539734164IDK who Jeff Nezos is, but I'm sorry you live in Toronto. And I'm a POS from Caliwali!
>>539734221Because it's in my self interest in todays society to buy stocks so I can get even richer, that doesn't mean it's not a fucked up system.Me choosing not to buy stocks won't change anything.
>>539734241It was a typo, Jeff Bezos.
>>539730930You don't need money from the rich. The federal government issues the money. So it's not about rich people having money in their bank account or valuable physical and industrial assets -- it's about the general population being convinced that there is some limited amount of money when there isn't. So long as the money is being put to productive purposes and employed to generate more actual production, then the inflationary aspects can be managed.Now in your defense, it is mostly the rich who fund propaganda that makes people believe there is this limited quantity of money.But the government creates the money. It doesn't fund itself through taxes and it does not borrow money (no matter what they are telling you the television news or teaching you at State University econ 101).
>>539734251What are you investing in?
>>539730930This tax the rich nonsense is a distraction that does not come close to addressing our actual problem. That being the Jewish debt based currencies we are all forced to use. Everytime you yell out, "tax the rich", or rightoids rant on about the communists, the Jew rubs his hands. Fighting over nonsense whilst the Jew enslaves us all, completely uncontested.
>>539734314This. The government just borrows more. The rich can literally disappear and it would not affect much other than lack of jobs.
> hi im a midwit retard and I fall for platitudinal bullshit with zero nuance or serious consideration
>>539734314Are you MMT?Because MMT is completely bullshit. Every dollar that the government doesn't tax from the rich, but still chooses to spend, means a dollar that is borrowed from the capital markets or a dollar printed.Both of these alternatives are way more destructive than just taxing the rich. >But the government creates the money. It doesn't fund itself through taxes and it does not borrow moneyThis is complete horseshit. The government needs to tax to fund most of its spending, otherwise you'd have Weimar tier hyperinflation.>>539734320I just bought Microsoft at $369. plan to sell at $450. I think it's painfully undervalued and Hedge Funds are liquidating positions because of animal spirits when it's a great profitable enterprise I buy VGRO, VOO, and Berkshire Hathaway with 90% of my my money.
>>539730930>"Tax rich more">Rich leave the country with their wealth to a place that taxes them less>You can now tax them 0%So what is the next step in your master plan
>>539734362This is complete horseshit. Libertarian propaganda designed to shift the blame.>>539734422You're just highly uneducated and are told what to think by Fox News. You never actually thought about these issues or considered alternative viewpoints. You do what Jessie Waters tells you and believe what Bill O Reilly tells you to think.
>>539731376>You're a moron who doesn't realize how good things used to be in AmericaYes, when it was more White. Funny how that works.
>>539730930Why do you want the government to take in more taxes? They have adequately demonstrated how incompetent they are with what they currently receive. I would vote for government receiving less money before I ever vote to increase tax revenue.
>>539734362Jews use money to punish and enslave. Stop fighting and turn against the Jew
>>539734502I always wondered the answer to this. What happens when they just go to Vietnam like they wanted to since TPP talks?
>>539734502They can't just leave. Their businesses and jobs are in the West. I'm rich and if I was taxed more, I'd have to pay it. I can't just quit my job and move to Cayman Island with zero income or guarantee.
>>539734596Good luck getting a high paying job in Vietnam.
>>539730930Trump is already taxing the tich with tariffs
>>539734635True but tariffs are a less efficient tax than what I'm talking about since they distort the market to a greater degree.
>>539734502What about the same tax percentage for everyone? Like 20% for everyone. I have heard that idea and it makes sense. Regular people get taxed less and the rich don't leave the country so you are able to tax more rich people.
>>539734671Regular people aren't paying close to 20%. My marginal tax rate is a bit over that and I make a fuckton.
>>539731055>Define richAnyone who has more money than me (passive income parasites)>Define poorAnyone with less money than me (lazy losers)I am the only hardworking man in America. Everyone else should have to pay more in taxes, I should have to pay less, though still a reasonable contribution. I am objectively correct in this. Everyone else is stupid and gay.
>>539734621Great bait. Good luck with the investments
>>539731102>Surely the Commissariat will fairly distribute everything!Wait until you find out this isn't a problem you can fix by changing costumes
There is a limited quantity of money. There is an unlimited amount of fiat currency.
>>539730930>you don't understand>this wealthy jew banker with a bunch of jew banker friends totally taxed the rich and corporations and helped all the people :3lol
>>539734805You unironically used a Communist Country as a place the rich will flee too.Even the dummies won't fall for that bait. >>539734835Why did Obama do it?
>>539734491>The government needs to tax to fund most of its spendingNobody tell Xir.
>>539734878Read a history book
>>539734491MMT is how it already works. How could it be bullshit?The government is not borrowing from capital markets -- how could the currency issuer borrow its own currency?The government spends to a deficit. By identity this creates excess reserves in the banking system in the amount of that deficit. If reserves pile up in the banking system, it will bring the overnight interest rate down, potentially to zero. So the government (it doesn't matter if its the Fed or the Treasury) sells bonds to drain excess reserves in support of an interest rate target (that the Fed sets because its a monopoly operation; it makes the market, it is not subject to it).This should be obvious when you look at it operationally. The only thing the government accepts as payment for the bonds that it sells is its own currency. It's own debt. So because that currency (or bank reserves) has to exist first to buy the bonds with, their creation can't be reliant on the bonds being sold. Something different is happening than what they are telling you.
>>539730930You are from globohomo shithole, your opinion does not mattter
>>539730930>Ern, not de wae.Why not just idk... Work?
>>539734671We can fight all we want about all these thing, but the one fucking thing you NEVER do, is tax LABOR. That's insane, and cruel, really.
>>539734973The thing about MMT is that everything they say is TECHNICALLY true, but their implications are completely bullshit. The neoclassical model is far more accurate in describing the real political and economic machinery than MMT.>how could the currency issuer borrow its own currency?Central bank creates $50bn, loans it to commerical bank, commerical bank loans it to consumers, consumers spend it, businesses acquire said money, businesses pay wages to workers, workers use money to buy T-bonds from the government, government has now BORROWED in its own currency.>t. If reserves pile up in the banking system, it will bring the overnight interest rate down, potentially to zero. So the government (it doesn't matter if its the Fed or the Treasury) sells bonds to drain excess reserves in support of an interest rate target (that the Fed sets because its a monopoly operation; it makes the market, it is not subject to it).That is literally what borrrowing money is. If the government sells bonds to banks, takes their cash in exchange for a bond... that is literally borrowing money. You answered your own question>So because that currency (or bank reserves) has to exist first to buy the bonds with, their creation can't be reliant on the bonds being sold. Something different is happening than what they are telling you.Yeah all the money has its root from the central bank (or money multiplier but that's still from the FED initially), that doesn't change the facts.
>>539730930The government is way richer than even Elon and still can't make it work. if you're mad at the wealthy just shoot them.
>>539734491>Are you MMT?>Because MMT is completely bullshit.>>539735100>The thing about MMT is that everything they say is TECHNICALLY trueThe government is not borrowing its own currency. No matter how much you don't like the implications of that, it won't make it any less true.
>>539735176Why did it work under Obama?
>>539734923>yeah bro, they totally had a 95% tax rate on the rich and corporations or somethinglol
>>539735211The implication of MMT is that we don't need taxes because governments can print money.The reason it's bullshit is because if governments were to print even marginally more than they already do we'd have out of control inflation and destroy the country.We need taxation and bond issuances to cancel out the money spent by governents. Otherwise you'd have Zimbabwe tier inflation>The government is not borrowing its own currency.So what is selling a bond to banks in exchange for their cash called?
>>539735240Ah yes FDR never existed he's a myth.
I honestly don't know how to explain it any simpler. If you can't understand from what has been said that the selling of bonds is not actually connected to the creation of money in an operational sense, I don't know what to tell you.Part of me thinks it's literally too simple and straightforward and people's brains shut off. Or maybe they work in finance or banking and like Upton Sinclair said, their living depends on them not understanding it.
>>539735312I already explained why it's bullshit and yes I do work in finance.You just have no understanding of economics. MMT is complete horseshit and is only promoted by those outside the industry because they don't understand the nuances of it.
>>539735280>The implication of MMT is that we don't need taxes because governments can print money.No, that's not the implication. What they are saying -- very clearly -- is that the government (at the level at which currency is issued; lower order governments like states and municipalities do need taxes to pay for things) is not funding itself or its expenditures through taxation.That is very different than saying taxes are not necessary. If there was no tax on the money, why would you use it? What would compel you to circulate it?>Otherwise you'd have Zimbabwe tier inflation.You don't understand why Zimbabwe had hyperinflation, so don't use it to fear monger about what you don't understand. Zimbabwe had hyperinflation because they seized White-owned farms and collapsed 60% of their agricultural production. There wasn't anything to fucking buy in the country. It was a supply problem.
>>539735373>and yes I do work in finance.There we have it! lmaoThe United States runs a $1T deficit any fucking time it wants, but it really needs you and your rich buddies' money. Laughing my fucking ass off. Stop posting.
>>539731014Fpbp>>539730930What exactly is your fair share of the thing someone else earned, and you have not?
>>539735217>Still ran a deficitDid it? Youd have a better argument with Clinton
>>539730930Tax the rich so the rich can steal it through fraud and fund some useless nigger lives who make everything worse for everyone around them?
>>539730930wont happen. you an ask for it.i dont see why you would think that the people that own the planet, including you want to share with you.they have a hard time even sharing with other jewish people and you count for way less to them.
>>539735471Yeah it's true that the Feds could fund themselves entirely through QE, they could cut taxes to 0 and just deficit spend through monetary expansion.That would still obliterate the currency. They effectively have to tax because otherwise you get Argentina level inflation.>That is very different than saying taxes are not necessary. If there was no tax on the money, why would you use it? What would compel you to circulate it?Yeah you don't understand economics or history at all, this is a waste of time.
>>539735280But from what I understand, inflation is actually an anti-rich policy. Because it forces the rich to invest their money or lose it. Without inflation the rich could just sit on their cash in perpetuity. In fact the rich often fund institutes and think tanks designed to push the "sound money" idea, because deflationary currency would be like their dream world. Also in principle, inflation is new money taxing old money. Because of the US petro dollar, foreign governments have large stockpiles of US dollars. So inflation actually pushes whatever inflation the US would wave suffered onto foreign governments. However it's complicated, because those foreign governments often buy US bonds so they collect interest offsetting the inflation. Strangely enough though, although it's supposed to be anti-rich, the inflationary policy seems to, through some backward-magic, produce more billionaires than ever. In my opinion, the MMT economy is about supercharging consumption, and the consumption economy is *very very bad*. It's all financed by debt too, so it becomes a death spiral.
>>539730930Ok good luckNice to meet you
>>539735602The point is Obama spent the money on the middle class.>>539735609Why didn't that happen under Obama?>>539735623It literally happened in America before Trump, and it happens in Germany every single day. Your country is proof taxing the rich is possible. You guys pay like 40% tax when you get rich.
you plebs just dont get it, you still live the illusion.
>>539735661There are so many nuances to this.If the government printed money and gave it directly to the poor, that would indirectly redistribute wealth away from the rich and to the poor, true. If the newly printed money is given to the rich in the form of subsidies or low interest loans, it redirects wealth TO THE RICHHowever, that is still an inferior option than taxing the rich because you don't also devalue that same money you're giving to the poor.>Without inflation the rich could just sit on their cash in perpetuity. In fact the rich often fund institutes and think tanks designed to push the "sound money" idea, because deflationary currency would be like their dream world.This is true but inflation is also very destructive to an economy at large. It's much better to have sound money, very low inflation, free flow of capital and goods, but the bounty and proceeds of said stable society get taxed and redistributed.Funding welfare programs by dilluting the dollar can lead to Argentina style hyper inflation.
>>539735675were taxing the rich?
>>539735788Your entire government is funded via progressive income tax, Germany has a low gini coefficient, it's very economically equal.
>>539730930Such a Jenis bot thread
>>539730930Leftists are such fucking liars, they want trillions of immigrants and know taxing the rich too hard will end the immigrant welfare scheme, so they just vent their energy out on white people and make sure nobody is allowed to say anything or they go to prison.
>>539735675>The point is Obama spent the money on the middle class.Obama also forced people to buy health insurance and fined us if we didn't. But at any rate, the sitting president is not the whole of the shitpile government so i don't get the fixation on the executive branch.Maybe if you actually lived here you'd ahve a better grasp of how shit works
>>539730930>i just want to tax the richRemember how income tax started that way?Fuck off.
>>539730930We already tax the rich, we already have $40 TRILLION in debt. We don't need more government. Our government is laughably corrupt and all our social programs just steal money from the working classes and give them to parasites.1: Eliminate ALL taxes on the working class. No Income tax, no sales tax, no property tax, no capital gains tax, no taxes at all unless you're in the top 10%.2: Drastically cut government spending.3: Replace all social programs with UBI social security payments that come from a progressive income tax. Direct money payments are subject to government corruption the way social programs are.4: Have corporate taxes based on the quantity and quality of employment for American workers. Companies that employ lots of Americans with good jobs pay low taxes. Companies that use foreign labor or automation pay high taxes.That's it, that's all you need. Stop taxing the working class and rework the tax code to create good jobs for Americans. We don't need more government, we need way less.
>>539735784Why do you jump right to giving the money directly to the poor?Why don't you instead use that same money, or newly issued money, to employ the poor to produce useful work?
>>539730930
>>539735882Another MENSA member who doesn't understand how money works.https://www.youtube.com/watch?v=9BYhoMILwR4https://www.youtube.com/watch?v=W598F2-4SR4
>>539735877And it still does. Income tax is progressive in every Western Country. The rate increases as you go higher up, fuck off.>>539735882Foreign trade is good though, it's more efficient to import and offshore and automate when possible.
>>539735784So the way the current system works is like this1) US government borrows money to fund runaway spending2) Needs to supercharge GDP to backstop its debt3) Fed unleashes the dogs of war, and raises the money supply, to reduce the time-horizon of money generate more consumption4) Americans all go into debt to consume products they don't need5) The higher GDP gives the government the backstopping it needs to borrow even more!So the problem is, at its core, the debt-based economy. The fact that we need to keep chasing the tail of the debt dragon.Let's say we weren't a consumption-economy. The average man consumes far less, and has a million dollars sitting in the bank collecting interest. He might even work less, since there's less pressure to juice GDP to maximum levels. So while he consumes less, his life is better, because he has more free time and can pursue passions like reading, art, music....etc.These vast social programs of the left are, in some sense, self-defeating. What we want to do is unleash economic opportunity through savings, rather than redistribution and government debt.
>>539735929It was just an example>>539735982MMT is complete horsseshit. I used to be MMT in highschool before studying economics and getting a masters.
>>539735989Exactly, I agree with everything you just said.Consumption doesn't create wealth, it boosts temporary metrics and makes politicians look good.Savings and Investment and increasing our capital stock is what actually creates wealth.
>>539735988>Foreign trade is good though,For resources and specialty goods yes. Not for cheap labor. You'll get cheaper goods out of it; but you also get an impoverished working class because you have no manufacturing sector.
>>539730930Smart people will use the setup used by the beltway sniper niggers and shoot "prominent" leftist soft targets in the chest or skull like pic related. This setup also works well on leftist gatherings like riots or marches out in the open at ground level.
you can't seriously believe that taxing the rich means that you get the money
>>539736088That enriches everybody via comparative advantage.>>539736094So why did it work under Obama?
>>539736125>So why did it work under Obama?wut
>>539735982Interest payments on the national debt are already 14% of our budget. Paying bond owners interest while printing more money to pay that interest devalues the US dollar and steals from everyone who's paid in dollars, namely the working class.
>>539736059It's also just a waste. Because we are consuming the scarce resources of the earth to generate a bunch of plastic crap we don't really need. Creating fat consumption-hogs who exist to buy the next flashy product.Imagine if we deployed the resources of the earth in a more measured-controlled way, focusing on scientific development and solving these core human problems that limit us as a species. If we reduced the work-week, more human brainpower could be unleashed to start doing just that.
>>539736125How much cash money did you personally receive from Obama?
>>539736179>Things are better now with Trump than ObamaWutttttt.>>539736225Exactly, spending just destroys resources. This is something people cannot understand.
>>539736125>That enriches everybody via comparative advantage.Nothing enriches everybody. If a nation has no manufacturing jobs and all of its working class people are working for shit wages because a globalist corporation off shored all the manufacturing jobs so it could use foreign slave labor, that's not enriching the working class. They might be able to buy cheap shit from foreign slaves; but they've got no job to pay for the cheap shit.
>>539736246What do you mean by personally???I definitely benefit a lot by living in a society with more education thanks to Department of Education, or a society with highways like Interstate highway system.That personally benefits me.
>>539731014>"Its not REAL capitalism, real capitalism has never been tried! Donald Trump's America is Communism!"
>>539736309Real wages will go up as free trade enhances net productivity.
>>539730930See here is the thing. many law makers are rich. You think they are going to let you get their money? They will put intentional tax loopholes in these laws so they can keep their money and not break the law.
>>539731057we havent had free market capitalism since the early 1900s you dumbass retard. bailing out kike banks with taxpayer money after they go bankrupt is not "free market capitalism" you absolute faggot. if we had free markets, kike businesses would actually fail not get rewarded when they do stupid and illegal shitleftist socialist policies are retarded and only lead to the peasant class being impoverished and a small group of people at the top in power. which explains our current situation perfectly. we have a socialized economy and we live under socialism currently. you are just retarded for not realizing it.>>539731051take your meds tranny>>539731496retard detected>>539732122
>>539732179Okay. What do i do to become rich? What job, what stocks?
>>539730930The problem is that the rich leave, then the middle class suddenly become the rich. Look up the term Kulak and realize thats what your parents would be.
>>539736338Look around, has that happened?
>>539730930>thinks taxing the rich will solve systemic design problemsSee, that's why I hate you faggots. You're low IQ. Instead of developing new system models, you just want to take from other people and the leave the system as it is. Fucking disgusting low IQ trash.
>>539736322i believe redit is down the hall that way, where all the troons are
>>539736348Then why has this never happened under Democrats, under Obama/Biden/Clinton?
>>539730930You are a lying faggot tho.
>>539736313Not so fast. The Department of Education is more of a modern thing, 1979 I believe. For the most part education has always been handled at the state level. These massive federal bureaucracies are often extremely wasteful and useless. I do think that the federal institution has a function getting all the states on the same page, getting them up to standard. But you can't just have these gargantuan wasteful programs eating into your budget all the time.
You have to be more specific. Do you just want higher income tax rates? This is a double-edged sword, raising taxes can actually reduce tax intake as it reduces the incentive to work. Consider a brain surgeon reducing his working hours from 50 a week to 30 because he's taxed so much on those additional 20 hours that he's basically only making minimum wage for those hours which simply isn't worth his time. Is that a desirable outcome? At a lower tax rate he might happily work 60 hours a week, pay more tax overall and be a more productive member of society. This is a delicate balancing act that every government in every country has basically pushed to the limit already. There isn't a giant pile of free money being left on the table here. You CAN use higher income taxes as a tool to make society more "equal" but nobody will be better off, it'll just make everyone more equally poor.If you're talking about wealth taxes instead that's an entirely different conversation. But wealth taxes basically never work for a reason.
>>539736395>See, that's why I hate you faggots.6 words and I can easily identify you as white trash. Trump loves the poorly educated.
>>539735988>The rate increasesWhen pitched and implemented, the rate was ZERO for people not above a significant threshold."tax the rich" became "eh, we want more of yours too" and does every time
>>539731014>trickle down works
>>539736412You're kidding right? You think Democrats aren't working for the rich? You think we have a tax code that works?
>>539736431It's a fundamental truth in economics that of a good, more is better. Earning $20 an hour is better than $19, and 19 more than 18The brain surgeon is still richer if he works 60 hours a week than 30. Even if the difference is only $40k as opposed to $80k.
>>539736481It still is that way>>539736505Holy shit you are uneducated.
>>539736412Why has there never been a tax the rich law? Because they are rich.
>>539736507Democrats and moderate non-Trump Republicans tax the rich and give it to the poor.It's only Trump and the MAGA GOP that is taking this stance.
>>539736431The current problem in our society is not disparity by income. But rather, disparity by assets. The rich are becoming hundred-billionaires not through a paycheck, but through asset ownership.Something needs to change about the stock market, and perhaps just the way that assets are owned in general. Like I think, to some degree, these mega-large companies should have a degree of public ownership. If you're an unstoppable monopoly like Amazon who services the entire nation, should not the nation itself have some partnership in your company? I promise I'm not a communist.
>>539736551There literally has and still is it's called the Income Tax Act.
>>539736505>socialism works
>>539736406Projection. I dont care what subreddit youre from, theres literally hundreds of spin off libertarian subreddits for you to enjoy.
>>539736454Just like your OP, your post highlights how low IQ you really are and how your piss poor assumptions guarantee your failure.I'll let you in on a secret you probably don't know - you're not intelligent. You're not going to solve any problems. All your proposals are doomed to fail because of this combination of low IQ and ignorance. You're the trash of humanity and you've found your tribe of trash to vote together with.And Republicans are nothing but shabbos goy trash. I'll vote for neither groups, you're all beneath me intellectually.
>>539736627This is a total meme, it's income inequality not wealth.They are rich because they earn more, they only have more on average because they earn more and therefore can save and invest more after expenses.
>55 pbtid>still simping democrats>still trying to sell taxation as based>still trying to sell 'tax the rich' as an effective plangotta admit, the effort is admirable lmao. anons, remember that self-employment is the only way forward
>>539736610And when the rich start leaving the country and pull all of their assets out? How will you get their money then?>>539736636>Implying politicians don't cheat on their taxes
>>539736663>They are rich because they earn moreI think you're wrong about this.So like, Elon Musk. He might get paid $10 million for his role as a CEO.But through buying into a fledgling company on the ground floor, he makes $100 billion. I think if you examine the huge wealth disparity that's emerging in modern times, it's less about income, and more about runaway asset prices.
>>539736518Yes... but people also value their free time. Otherwise everyone would just be working 24/7.
>>539736658Yet I'm the one who's educated, successful in life, actually has the brain power to get what I want out of life.Meanwhile you're some hick living with his parents, addicted to substances, you don't read, you don't have an education. You're complete trash.By your own logic im better than you. The difference is I blame your parents and education system, not you. You were failed by the lack of education.The solution is education, Education, Education, EDUCATION!
>>539736507They are trying to start shit. 55 posts of the same thing over and over.
>>5397309301930’s and 1940’s America (when FDR was president) was a lot different than 2026 America. If you think about it hard enough I’m sure you can probably figure out the difference…
>>539736627>The rich are becoming hundred-billionaires not through a paycheck, but through asset ownership.thats entirely because of the debt based socialist system we have run on fiat currency that is created out of thin air. since money devalues constantly through inflation, rational normal people save their wealth by owning assets. so poor people with no assets get poorer and poorer and rich people with assets get richer and richer. its literally because of the monetary system. leftists are too dumb to understand anything beyond superficial slogans though. go learn some economic theory and history
>>539736744>I have a successful job>"I cannot prove my success so you will have to just trust me."
>>539736694You can't pull a factory out of America and reallocate all the workers.America will still have the land, skill, workers, geography, landscape, everything.>>539736733Good point actually we'd have to analyze this too.>>539736732There are a class of people earning $80k a year, and then you have people earning $20k a year.It might seem like the rich person only has 4x more money, but you have to look at after expenses. After expenses, the person earning $20k has nothing left over, while the person earning $80k can save 30% of his salary and invest it in stocks. Overtime he can explode his asset base relative to the middle class person.
>>539736454>>539736539>>539736017>>539734708>>539736744Are (You) trans?
>>539736636The rich are rich because they have assets. The income tax doesn't much apply to them because their salary is comparatively irrelevant. You want corporate taxes, not income tax
>>539736847No, I'm a white man and marrying a woman
>>539736744I'm the anon with 3 STEM degrees. I don't need to flash my education in some kind of cringe logical fallacy, but if that's your metric so be it. You lose again.
>>539731014No. If you niggers want the nineteen fifties back then you need higher corporate tax rates like they were doing already
>>539736864Nope, corporate taxes make up a very very small portion of their total tax base.They're rich because they earn a lot.
>>539730930>I just want to tax the richYou already do that. Elon Musk has set records every year for the past several years for the largest tax payments in history, repeatedly.End welfare and corporate tax breaks, dismantle the overseas empire shit and restore the gold standard. There's plenty of wealth and there's more than enough for everyone.
>>539736793I think you're onto something. But the next step is, what do you do about it? I'm all for collapsing the debt-based economic model and reducing government debts to a surplus. But even within that system you need, I think, a bit of tax-and-spend as well.
>>539736883I don't believe you but even if that's true that shows how piss poor American education is. You're white trash, you are not educated regardless of whatever diploma mill you crawled out of.You don't read or critically think.
>>539736842>You can't pull a factor out of the countryThey do that all the time. Close factories in the US and open them up overseas. How do you think China has made so much money?>>539736871>"I am a White man about to marry a woman">"Again I cannot prove any of this so you will have to trust me."
>>539736744kek. this OP has been buck-broken
>>539736934factory*
>>539736539>a significant threshold>15k single 30k joint filingSo anyone making the lower end of average minimum wage is "the rich" for you?
>>539736934>They do that all the time. Close factories in the US and open them up overseas. How do you think China has made so much money?That boosts efficiency for both countries, it increases total wealth. The resources used in America can be reallocated where it's most efficient.
>>539731014When angry mobs of normies form ill be there doing the real damage.
>>539736968>Goes back on his own argument. Ni Hao
>>539736960Most minimum wage workers only get part time gigs. Full time minimum wage (40hours+) puts you at least into the upper middle class anywhere outside of major cities like Toronto or Vancouver.
>>539736930In all likelihood you're a jeet a shill, maybe one of the JIDF inbreds trying to bait and shitpost. In any case, the system is heading for collapse. There's nothing you can do about it except finish out your shift.
>>539731376America collapsed in the early 1900s and has been using money schemes to simply exist ever since. The creation of the Federal Reserve marks the end of our free economy and the beginning of our enslavement to a moneybund that decides how much money to print and what it gets spent on. We already tax the rich, they pay more money in taxes than everyone else combined. It hasn't solved the economy, because the economy is structured specifically to siphon wealth away from the peasants under the delusion of profit. All money is really just representative of wealth and there's a limited amount of wealth to go around. Pay someone a dollar to deliver a bucket of water to your tank (which is the market) and then charge him two dollars for every bucket he draws from the market.. and guess what, your tank overflows and you can't make any more money. The peasants have been bled dry of all their wealth and must be paid before they can buy more of your product, but they don't get paid without creating more of your product.. see the problem? That's how our economy is structured and the only reason it hasn't totally collapsed again is that we set ourselves up after WWII as the economic hegemon. The petrodollar has done all the heavy lifting after that 'golden age' built on the victory in WWII.And even if you got your wish and we just put a 100% tax on all earnings over like, 400k, the rich would simply hire lawyers to find loopholes, move their shit to tax havens, or straight up leave and take all their wealth with them. And let's assume these slimy bastards are willing to go along with it, just for good measure - do you really think the government would use that money on you? That shit would be going straight toward the military industrial complex and you're fooling yourself if you think any of these traitors would consider using it to benefit the public. We don't have this problem because we lack funds, but because the people controlling those funds are corrupt.
>>539736994A factory is only shut down when the resources used to run the factory are more efficeintly used elsewhere, not because of taxing the rich.
>>539736627The stock market IS a mechanism for the public to own a degree of these companies. The exact thing you're asking for already exists.
>>539737027jeet shill*
>>539736888no, we need less socialism so taxes arent even a requirement for government to function you absolute fucking retard. all you fagots leftists want to do is shift taxes on the productive enterprises of the economy which would stifle them but you never stop to ask "why do we need these taxes in the first place?" maybe stop paying for illegal migrants to get trans surgeries and globohomo USAID hosting gay pride parades in guatamala with your tax money? you ever stop to think about that?
>>539737027>50+ posts>Delusional gloating that cannot be substantiated.>Talking out of his assThe evidence leans toward Indian shill.
>>539736198So stop paying interest?
>>539736842>you can’t pull a factory out of AmericaLmao you actually are fucking retarded. Stop lying about your nonexistent degrees. America literally sold its manufacturing economy to China and Mexico, only took a couple decades. Thousands of factories were relocated. The Midwest is called the “Rust Belt” because of all the abandoned factories. Just stop replying. You are low IQ and ignorant and your replies are not worth the bandwidth they occupy.
>>539736930See how leftoids become insufferable wankers when you disagree with them. "na na you don't read" - childish insults
>>539730930it's not possible to tax men let alone those who know how to discharge debt and wage negotiable instrument fictitious person babylonian money magik warfare>lol
>>539736918i didnt come up with this shit its just common sense. if you are a rich person are you going to hold your 20 million bucks in the bank where it loses 10% yearly purchasing power because of inflation? no youre going to put it into assets like real estate, farm land, businesses. which in turn go up in value as all the other informed and non-retarded people do the same. its not like they are aliens or something. they are doing exactly what an average non-retarded human would do when confronted with the problem of having wealth in a system that devalues the currency daily
>>539737105Most likely, but paid by Israel, which is ultimately paid by the US.
>>539737166>America literally sold its manufacturing economy to China and Mexico, only took a couple decadesNot even responding to this retardation. Either bait or those responsible for American education belong in prison.
>>539736313Well it seems like you have two different standards when you criticize Reaganomics for not tricklihg down, because you're perfectly happy that tax money doesn't trickle directly into your pocket either.And to your examples, I'm not sure what you think Obama did for highways, they were there before him, they're there after him. Neither parties have any big plans to change that, regardless of taxation. If you're imagining that the government would be doing wonderful things for you that they don't already do, if only they could afford it, then you really have no idea how much money they waste. And that's non-partisan, Obama, Trump, and everybody before them.As for your other example, the department of education, did it even exist before George Bush Jr? Education used to be handled by local governments, until he rolled out No Child Left Behind which is a bit of a clusterfuck of the federal government trying to solve problems by throwing money at them. It didn't really work. There are still children left behind, and it's the same ones (the black ones). It was never an issue of funding. And I mean that two ways. Wasting money didn't fix the problem. And, more to the point, the government was able to do it without raising taxes. Which goes back to the imaginary idea you have that if other people paid more taxes you'd get more stuff.
>>539737188Yes, I should just allow those threatening me with violence to continue unphased, be civil to those threatening your kids.You're childish and one sided.
>>539730930Laziness ends in slave labor.
>>539737272Who threatened your children?
>>539737481What that guy said to be was so dehumanizing i take it as a threat to not just me but my family. That level of dehumanization is genocidal. If you're willing to lie and slander someone that bad you're basically killing them.
>>539737272>Yes, I should just allow those threatening me with violence to continue unphased, be civil to those threatening your kids. You're childish and one sided.So Reddit Communist are less gay know?
>>539737018>15k>upper middle classYou can just admit you hate the working population and want the few investments they might manage to grow.
>>539737513It's 4chan dude, this is how things work here. yes, it's unpleasant- but if you're looking for an intellectual debate about the merits of higher taxes and discrediting trickle down, you aren't going to find it on 4chan. The median attitude of your average 4channer is being a cunt at all times, everywhere
>>539737588I was referring to $30k a year.
>>539737513>What that guy said to be was so dehumanizing i take it as a threat to not just me but my family. That level of dehumanization is genocidal. If you're willing to lie and slander someone that bad you're basically killing them.I've seen Libshites and leftyz dehumanizing Blacks, Hispanics and Old Asian ladies for less kek.
>>539736981>im gonna chimp out like a nigger to demand even MORE of the same socialist policies that fucked me over in the first placebased retard
>>539737613Maybe i should just stick to being on "plebbit" unironically
The only hope of America or it will balkanize. /threadYou don't need any low IQ intellectually challenged opinions.
>>539730930only if we use the tax revenue to buy wood chippers to toss the homeless into.
>>539737701You should go back to your safe space kek.
>>539732642>Outsourcing in and of itself is a good thing, free trade maximizes for efficiency.It's a race to the bottom you fake lefty faggot. Any country that can undercut our wages and our workplace safety and environmental rehulations will get the jobs. Fuck off you neo-liberal bitch.
>>539730930based OP. fuck the haters. government spending is the source of all wealth. fuck the private sector
>>539737818Fuck off economically illiterate fuck
the debate is over. i have already portrayed you as the inferior locomotive. my position is far superior.
>>539737844I know more than you do, faggot. The American system built this country. Neoliberalism is what has hollowed us out.
>>539737701that would probably be whats best for you, yes. your willingness to be shat on was impressive
>>539738209Well that's why I came here, the thing is I had hopes that people would still be civil and to be fair about 60 % of people in this thread were.
>>539737513This is bait now. I am convinced you are being disingenuous and just here to stir shit up.
>>539738416and why are you here?
>>539738374No one blocked you from saying anything. THAT is civil. Being civil is not regulating what can be said.
>>539738448For the memes.
>>539738416>>539738448I personally think anyone here disagreeing is ragebaiting.Nobody outside of the actual 1% would argue against raising taxes on the wealthy.
>>539730930>taxband-aid on a bullet wound
>>539738453fake retard. "civility" is deployed to eliminate passionate speakers from a debate.>>539738491i agree with you 110%
>>539737916This is bait.
>>539738562retard you need to know primary sources before you go on the internet and larp as a new dealer.
>>539738374remember that you got to type freely here, and that you were not banned because of other boards you choose to follow, or the opinions you chose to share. if you take one thing away with you, remember that nobody was willing to budge until the nigger & illegal problem was solved. suffer well tax-shilling faggot
>>539730930Taxing the rich isnt the fix. Ending "free trade" and illegal immigration, both force american wage earners to compete with exploitable, enslaved, and child labor all around the world and here at home. Supply and demand forces have been used to gut the middle class by these crap policies pushed by treasonous garbage.
>>539730930I bet OP is somehow still against property taxes, even though they are the only functional tax on wealth.
>>539736981ftfy
>>539738518Based and true
Give the government more money to mismanage? Great idea you dumb nigger.
>>539739011where do you think the money comes from, dumb migger
>>539738527No. What you are talking about is newspeak. Civil like "polite". I'm talking the actual Latin civilis, meaning of, or relating to, public life, citizens, interaction with the state. I'm talking Rome, which is what we are dealing with.
>>539739011https://www.youtube.com/watch?v=mODnz8DnhCQ
>just trust us with more $$$ cause we did such an amazing job under the Clinton's with NAFTA and outsourcing over half of our manufacturing to china Man can only grow when he realizes that politics cannot solve any problems
>>539739167anyone who refuses to understand that wealth started in the government is playing a child's game of pretend. i fucking hate private sector yahoos
>>539739529Like I said earlier in the thread, I can't figure out if it's just so simple that their brains shut off or if they are invested or employed in the industries that make it detrimental to themselves personally to acknowledge it.It's so simple operationally I don't know how anyone doesn't understand it.
>>539731014FPBPDemniggers will do everything but lower our taxes because our taxes pay for their lifestyles. Liberals are just Low IQ financial illiterates.
>>539739617“It is difficult to get a man to understand something, when his salary depends on his not understanding it.”
>>539730930I make 300k and 100k of that already goes to taxesSMD
>>539730930>Leftist Here, I just want to Tax the RichWhy does nobody ever just want the government to spend less?
>>539730930the problem is that all the tax money is being spent on grift and fraud. increasing the amount available in the tax money pool will not increase the amount being spend for genuine good causes.see the california homeless billions-dollar-debacle for example. billions upon billions spent, all of it went to grift. more homeless than ever.thus changing the tax schedule will have no effect until this is fixed, and it should be the primary course of action. If you can't agree with this, you're being intellectually dishonest.
>>539731496>Tax me harder daddy!You can't hate this commie scum enough>>539732642>I love slave conditions for workers as long as it's another country far awayWe need mass executions for these leftists. Only mass executions will suffice. Total commie death.>>539736936Just your average libtard. He needs to be put to death. Tax the rich is code for tax the middle class and poor because the middle class and poor are the ones left holding the bucket. That's why you mass execute commies before they can gain power and cause famines.
>>539739771maybe you can learn something, but i doubt it>>539739529
>>539739814Because they want more money, but aren't competent enough to run profitable businesses, so they go into politics so they can extract people's wealth with the power of the law. Been this way since ancient times which is why people used to stone the tax collectors. But liberals as always think they found some new improved way to steal your money and spend their lives trying to convince you it's good that they raise your taxes>Muh greater goodObviously one day we will have to kill them all.
>>539730930drop the sex and religion shit first and we can talk like big bois.
>>539739993It's going right over your head.
>>539734164>I live in TorontoPoo in the loo pajeet nigger.
>>539739993which private company was it that magically decided where to pour the asphalt in front of your house so you can drive your dually to the nearest wallmart?
>>539733030Why are the rich entitled to hoard the people's money in the name of "capitalism"? Why are there so many tax breaks for investors and lax rules regarding circular investing and investing in non productive assets? The financial industry used the Lehman Brothers collapse to put the fear of God into legislators and we've lived in a hyper fincialized economy that benefits asset holders while forcing stagnation upon the lowest deciles and actual loss of wealth to the middle class. Taxing Wall Street would go a long way to bringing dynamism and diversity back to the economy.
