One Political Plaza - Home of politics
Home Active Topics Newest Pictures Search Login Register
Main
Biden is so Stupid to Realize That Raising Taxes On the Rich Primarily Destroys the Poor
Page <<first <prev 3 of 3
Jun 4, 2021 17:27:26   #
Radiance3
 
useful mattoid 45 wrote:
The people chose them.

"Prove it, but when I do... " You're ar**t. 🤣

=============================
B*M's do the r**t. Are you one of them? Are you member of the CRT team?

Then prove what you are talking about. I am waiting. No mayhem please.
Me, a Christians don't do that. Only thugs like B*M's.

Reply
Jun 4, 2021 21:56:33   #
okie don
 
victor doherty wrote:
MORE STUPID Stuff as usual a$$ backward


The backbone of our nation is the " middle class" who are being eliminated.

Reply
Jun 4, 2021 22:58:08   #
straightUp Loc: California
 
Radiance3 wrote:

By raising taxes on the rich, he does not realize that the rich will have many options to capture the loses due to tax increases. The most affected are the poor.

That's a glass-half-empty perspective. Yes, raising corporate taxes can lead to pay cuts and layoffs. But the increased government revenue from that tax hike can also trickle down to the bottom through the provision of free services.

Reply
 
 
Jun 4, 2021 23:39:08   #
dtucker300 Loc: Vista, CA
 
straightUp wrote:
That's a glass-half-empty perspective. Yes, raising corporate taxes can lead to pay cuts and layoffs. But the increased government revenue from that tax hike can also trickle down to the bottom through the provision of free services.


Hey straightup, haven't heard from you in a while. How has the surfing been?

The increases in tax revenue will be short-lived. Historically, lower tax rates increase revenue in the long run. Ever heard of the Laffer Curve? Check it out in any economics textbook. There is no such thing as a free lunch, or as you call it free services. They still have to be paid for by someone.

Reply
Jun 5, 2021 00:07:49   #
Radiance3
 
straightUp wrote:
That's a glass-half-empty perspective. Yes, raising corporate taxes can lead to pay cuts and layoffs. But the increased government revenue from that tax hike can also trickle down to the bottom through the provision of free services.


==================
Straight, I have explained in details earlier the gross effects of tax increases.
You said it will increase government revenue. Yes, when raising tax, the tax revenue to the gov. increases.

However, this is what happened. With tax increase, that increases cost of operations, company net income is also reduced. For the company to be successful, the option is reduction of cost. And as a result many companies lay off employees to offset the cost on high tax.

Employees laid off do resort for unemployment insurance. That is covered for a short period of time, 6 months the most. That insurance is a small percent of their total salary. These laid off employee need to augment that income some other ways, maybe seek to welfare programs. Instead of being a contributor to the system, they become a burden.

In addition, when employees don't work, they also don't pay payroll taxes
those are the withheld IRS, SS Medicare, and unemployment insurance. Therefore revenue to the government is also reduced.

Some manufacturing companies when their tax is increased., they move to foreign countries, where cost of operation is cheaper. Therefore we lost the taxable income of that company, and at the same time employees are laid off. It increases unemployment. Therefore taxes paid by these employees are lost.

You see there are several cycles of negative activities affected when tax is increased. With higher unemployment, government revenue also shrinks.

I won't detail everything since I have already posted so much of these justifications on the earlier pages.

I hope it is clear to you now.

Reply
Jun 5, 2021 01:34:22   #
Radiance3
 
Radiance3 wrote:
Economic analysis of Joe Biden's policies. How sane is Biden? These are the substances of his mental ability.
By raising taxes on the rich, he does not realize that the rich will have many options to capture the loses due to tax increases. The most affected are the poor.

1. Raising taxes on the rich will be offset by higher inflation. The rich will raise their prices of their products or services to offset the cost. Therefore the value of the dollar shrinks. The poor people will have to pay more than what they could afford. High gas prices on the pump, high food prices on the grocery stores, and everything we pay is inflated.

2. What else will the rich do? They will lay off employees or put their
employees on a part time basis, to reduce cost of overhead. What happen to these employees? They line up for social welfare to augment their income.
The laid off employees don't pay taxes. Whereas when they were employed they pay income tax and the payroll taxes. They could not do that when out of jobs.

3. With high unemployment, with fewer people paying the payroll taxes, result to increase of the SS and Medicare unfunded liabilities, currently at present, Medicare $ 55.1 trillion unfunded liabilities, and SS $41.2 trillion total of $96.3 trillion unfunded liabilities.

Other adverse effects of raising taxes to the rich.
Interest rates increase. That is the cost of borrowing from banks and financial institutions. Most small businesses depend upon loans from banks and financial institutions. Therefore to offset cost, they also raise the cost of their products or services. Even the restaurant where you eat, prices go up.

Cost of buying homes is more expensive.

When corporation shrinks its operations, due to high cost of production, the revenues of those companies also shrink. Therefore with lower revenue. the government collects lower taxes.

That is why Biden's punishing the rich with higher taxes, punishes the poorest of the poor more.

Now, he going to meet world leaders. Because of his brain, I am afraid what he is going to say. I hope and pray he does better.

https://www.realclearpolicy.com/articles/2021/05/05/96_trillion_in_unfunded_us_medicare_and_social_security_benefits_775259.html.

Contrary to president Trump, he reduced taxes and specially the rich companies from 28% to 21%. These actions resulted to the lowest unemployment rate of 3.5% where b****s, Hispanics and Asians have experienced the highest employment throughout history.

When people work, they have dignity and respect. They feel important and useful, because they are using their sk**ls to produce.

Whereas, Biden, he makes people useless, dependent, losing self respect and eventually go crazy and violent, like the B*M's. now demanding CRT.
i Economic analysis of Joe Biden's policies. Ho... (show quote)

===================
Here is another promised project of Joe Biden lead by Sanders, Obama with the Sander's Manifesto in action.

As soon as Joe Biden has destroyed the rich, by raising their taxes, he will start re-zoning the SUBURBS to build low income complex housing near us. This is called the CRT to dumb down the smart to be equal.

The purpose is to make everybody equal. There is no w ay we residents in the Suburb could escape this because he'll do this to all suburbs except his cronies and his own multi-million mansion.

In rezoning the suburbs, after building low income complex, he'll move there i*****l a***ns, B*M'S , rapists and drug dealers. All our children Joe Biden is destroying them and putting them at risks. I don't want to have a B*M neighbor living in a complex near my home. I won't be safe. I'll get sick just by being upset of what Joe Biden will do to my life.

Another worst thing if Biden rezones the Suburbs, value of homes in the suburb goes down like a falling rock. When this happens property taxes also shrinks. Property taxes are assessed based on the value of the home. But if value runs down, the City, and County will have lower revenue. The Public Schools especially depends 65% of property taxes. Recently the County raised the property tax so high. Perhaps to cover cost of i*****l a***ns.

Reply
Jun 7, 2021 13:40:15   #
victor doherty
 
Radiance3 wrote:
===============
Lack of comprehension results to this.
I am certain you are hoping that the $6 trillion of Joe's redistribution comes sooner.


fear and h**e is all you have

Reply
 
 
Jun 7, 2021 14:15:02   #
Radiance3
 
victor doherty wrote:
fear and h**e is all you have


===============
I am not fearful, neither a coward. I don't like that Biden t***sforms this country to Marxism. He is not even the l********e p*******t.

We are on a constitutional-republic guided by freedom since more than 245 years ago. That was what made America the greatest country in the world. Now China is trying to take over on Biden, and you agree with that expecting for a lifetime stimulus of the taxpayers' money. Only dumb people depend on that.

It would not prevail.

Reply
Jun 9, 2021 15:11:42   #
victor doherty
 
Radiance3 wrote:
===============
I am not fearful, neither a coward. I don't like that Biden t***sforms this country to Marxism. He is not even the l********e p*******t.

We are on a constitutional-republic guided by freedom since more than 245 years ago. That was what made America the greatest country in the world. Now China is trying to take over on Biden, and you agree with that expecting for a lifetime stimulus of the taxpayers' money. Only dumb people depend on that.

It would not prevail.
=============== br I am not fearful, neither a cow... (show quote)


No just delusional obviously a fox graduate.

Reply
Jun 9, 2021 23:30:36   #
Radiance3
 
victor doherty wrote:
MORE STUPID Stuff as usual a$$ backward


===================
The dangers of ignorance!

Reply
Jun 10, 2021 13:44:08   #
victor doherty
 
Radiance3 wrote:
==================
Straight, I have explained in details earlier the gross effects of tax increases.
You said it will increase government revenue. Yes, when raising tax, the tax revenue to the gov. increases.

However, this is what happened. With tax increase, that increases cost of operations, company net income is also reduced. For the company to be successful, the option is reduction of cost. And as a result many companies lay off employees to offset the cost on high tax.

Employees laid off do resort for unemployment insurance. That is covered for a short period of time, 6 months the most. That insurance is a small percent of their total salary. These laid off employee need to augment that income some other ways, maybe seek to welfare programs. Instead of being a contributor to the system, they become a burden.

In addition, when employees don't work, they also don't pay payroll taxes
those are the withheld IRS, SS Medicare, and unemployment insurance. Therefore revenue to the government is also reduced.

Some manufacturing companies when their tax is increased., they move to foreign countries, where cost of operation is cheaper. Therefore we lost the taxable income of that company, and at the same time employees are laid off. It increases unemployment. Therefore taxes paid by these employees are lost.

You see there are several cycles of negative activities affected when tax is increased. With higher unemployment, government revenue also shrinks.

I won't detail everything since I have already posted so much of these justifications on the earlier pages.

I hope it is clear to you now.
================== br i Straight, I have explain... (show quote)


nice think tank crap when the tax rate was 78% they did not move out of the country that when the middle class was the strongest.You fail to realized it's been a war on the middle since Reagan. trump tax cut still had insented to move out of our country.You enablers are the problem.

Reply
 
 
Jun 10, 2021 15:47:29   #
Radiance3
 
victor doherty wrote:
fear and h**e is all you have


===================
Fear? and H**e? You don't know who I am. You think I h**e? I don't want those who don't admit their mistakes or failures. I want them to know that mistakes exist so we could provide help and solutions.
'

Reply
Jun 10, 2021 21:41:15   #
Radiance3
 
victor doherty wrote:
nice think tank crap when the tax rate was 78% they did not move out of the country that when the middle class was the strongest.You fail to realized it's been a war on the middle since Reagan. trump tax cut still had insented to move out of our country.You enablers are the problem.

=================
You brain is really so defective. One of this countries problems.

Reply
Jun 10, 2021 23:15:18   #
Radiance3
 
Radiance3 wrote:
=================
You brain is really so defective. One of this countries problems.


==============
Wrong spelling. S/b country's problems.

Reply
Page <<first <prev 3 of 3
If you want to reply, then register here. Registration is free and your account is created instantly, so you can post right away.
Main
OnePoliticalPlaza.com - Forum
Copyright 2012-2024 IDF International Technologies, Inc.