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There is a quick way to reduce inflation and help the poor, but the Democrats won't do it.
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Sep 27, 2022 10:04:19   #
fullspinzoo
 
https://www.americanthinker.com/blog/2022/09/there_is_a_quick_way_to_reduce_inflation_and_help_the_poor_but_the_democrats_wont_do_it_.html

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Sep 27, 2022 10:24:45   #
Kevyn
 
fullspinzoo wrote:
https://www.americanthinker.com/blog/2022/09/there_is_a_quick_way_to_reduce_inflation_and_help_the_poor_but_the_democrats_wont_do_it_.html

Raise taxes on the wealthy

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Sep 27, 2022 10:26:57   #
Tiptop789 Loc: State of Denial
 
Kevyn wrote:
Raise taxes on the wealthy


Or tax investment income

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Sep 27, 2022 10:30:36   #
Bevvy
 
Taxes are always on the mind of libs , but the subject at hand is inflation . All the taxes in the world will not help that .
I submit that I have a way to reduce inflation ... call it the 3 C program :
Close the border
Cut off the printing presses
Cull all libs from government

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Sep 27, 2022 10:40:53   #
Tiptop789 Loc: State of Denial
 
Bevvy wrote:
Taxes are always on the mind of libs , but the subject at hand is inflation . All the taxes in the world will not help that .
I submit that I have a way to reduce inflation ... call it a 3 C program :
Close the border
Cut off the printing presses
Cull all libs


You forgot, cut taxes on middle class. InCrease taxes on those that make hundreds of millions/yr.

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Sep 27, 2022 10:48:57   #
Bevvy
 
Tiptop789 wrote:
You forgot, cut taxes on middle class. InCrease taxes on those that make hundreds of millions/yr.


I Forgot ? C'mon man ,read my reply ! Can you think , without thinking "taxes" ? Again I say taxes will not help curb inflation .
but I do agree that taxes are too high , but if the third rule is followed , taxes will be taken care of , helping the poor immensely

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Sep 27, 2022 11:58:08   #
American Vet
 
Kevyn wrote:
Raise taxes on the wealthy


So much for treating all Americans equally.......

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Sep 27, 2022 11:58:25   #
American Vet
 
Tiptop789 wrote:
Or tax investment income


It's already taxed.

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Sep 27, 2022 12:31:41   #
Tiptop789 Loc: State of Denial
 
American Vet wrote:
It's already taxed.


I'm talking about the wealth of billionaires. In 2007, Bezos, already a billionaire didn't pay a penny on federal income tax (all perfectly legal). Musk, also a billionaire paid no income tax. Jeez, even Trump paid $750. The 25 richest Americans saw their income increase $408 billion between 2014 to 2018. They paid $13.8 billion in taxes and while a large amount, it's only 3.4%. Even good old Warren Buffet saw his wealth increase $25 billion over this time frame. He reported he paid $25 million in taxes, that's .1%. That's 10 cents for every $100 his wealth increase. Hardly fair considering the tax rate you & I pay (I'm assuming your not a billionaire, don't mean to anger you if you are). So is this fair, I guess it depends on your point of view. It's perfectly legal., they've done nothing illegal.

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Sep 27, 2022 12:35:40   #
American Vet
 
Tiptop789 wrote:
It is perfectly legal., they've done nothing illegal.


Bingo.

However, I believe people should be treated equally - I do not want to be treated "fair" unless I get to determine what "fair" is.

Treat everyone equally - everyone pays taxes at the same rate.

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Sep 27, 2022 12:38:01   #
Tiptop789 Loc: State of Denial
 
American Vet wrote:
Bingo.

However, I believe people should be treated equally - I do not want to be treated "fair" unless I get to determine what "fair" is.

Treat everyone equally - everyone pays taxes at the same rate.


Ii would agree, a flat rate tax or some other system. You didn't say, but I guess you're not in the "billionaire" club?

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Sep 27, 2022 12:41:15   #
Bevvy
 
Tiptop789 wrote:
I'm talking about the wealth of billionaires. In 2007, Bezos, already a billionaire didn't pay a penny on federal income tax (all perfectly legal). Musk, also a billionaire paid no income tax. Jeez, even Trump paid $750. The 25 richest Americans saw their income increase $408 billion between 2014 to 2018. They paid $13.8 billion in taxes and while a large amount, it's only 3.4%. Even good old Warren Buffet saw his wealth increase $25 billion over this time frame. He reported he paid $25 million in taxes, that's .1%. That's 10 cents for every $100 his wealth increase. Hardly fair considering the tax rate you & I pay (I'm assuming your not a billionaire, don't mean to anger you if you are). So is this fair, I guess it depends on your point of view. It's perfectly legal., they've done nothing illegal.
I'm talking about the wealth of billionaires. In ... (show quote)


The title of this thread is "There is a quick way to reduce inflation and help the poor, but the Democrats won't do it."

Since taxes have come up and you have mentioned this ; please EXPLAIN how raising taxes will lower inflation

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Sep 27, 2022 12:46:15   #
Tiptop789 Loc: State of Denial
 
Bevvy wrote:
The title of this thread is "There is a quick way to reduce inflation and help the poor, but the Democrats won't do it."

Since taxes have come up and you have mentioned this ; please EXPLAIN how raising taxes will lower inflation


More money in the system. More balanced revenue stream. The notion that immigration is the driver of high inflation is a false one. Nothing more than a fiddled way to criticize Biden. The drivers of inflation are to high a level of mandatory fed spending. SS & military spending are the largest.

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Sep 27, 2022 12:50:02   #
Bevvy
 
Tiptop789 wrote:
More money in the system. More balanced revenue stream.



more money in the system .... Cmon man ! That is the EXACT cause of inflation. More money in the system is just more funny money chasing after products .

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Sep 27, 2022 12:51:27   #
Tiptop789 Loc: State of Denial
 
Bevvy wrote:
more money in the system .... Cmon man ! That is the EXACT cause of inflation


You just can't resist being immature

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