AOC tax proposal a big hit! (Page 2): They shouldn't have to pay a lower percentage. That's not right either. The money that would come from taxing the rich at 70% won't flow down to...

Rose42

Lonewolf wrote:

Trump gave himself a billion dollar tax brake and the Koch brothers who make more than 60 billion a year got a fat 12 billion tax brake.
How many of the rich bastards ever served in the military none.
Another way to look at it is I'm in the 27% tax bracket why should a billionaire be in a lower bracket

They shouldn't have to pay a lower percentage. That's not right either.

The money that would come from taxing the rich at 70% won't flow down to us. It sounds good to people who think they're going to get free money.

Bad Bob Loc: Virginia

Rose42 wrote:

They shouldn't have to pay a lower percentage. That's not right either.

The money that would come from taxing the rich at 70% won't flow down to us. It sounds good to people who think they're going to get free money.

Nonsense

Kevyn

trucksterbud wrote:

So, Kevvy, I assume you support taking money from ... (show quote)

I am quite successful financially. Although not a billionaire I have owned several businesses and employed numerous people throughout my adult life. I believe income from investment, gambling and interest should be taxed at a rate higher than that actually earned through labor. People who through luck, inheritance ingenuity or a combination of the three become extremely wealthy should pay more in taxes. Most Americans feel the same way. There is a myth in this nation amongst the right wing nutters that the wealthy got that way by brilliance hard work and ingenuity and while this is true in some instances much of the money the uberwealthy come by is not “earned” in any way benefiting society rather it is obtained by gaming the system. Hostile take overs of profitable business stripping the assets and collapsing the organization. Programmed electronic security trading that gives the uberwealthy a huge advantage over the rest of us. Payday lending and rent to own that fleeces the poor while skirting usury laws. Unaccredited trade schools and colleges that put people into inescapable debt providing them useless certificates. I say tax things like this dry.

Bad Bob Loc: Virginia

Kevyn wrote:

I am quite successful financially. Although not a ... (show quote)

Rose42

Bad Bob wrote:

Nonsense

Translation - you have nothing.

Taxing the rich more won't help the poor. It never does. The rich will continue to protect their wealth and find new ways to do it.

pafret Loc: Northeast

MarvinSussman wrote:

We should vastly increase steeply progressive estate taxes. Nobody should inherit enough money to buy the prostitutes in Congress. That is simply corruption. Ten million dollars should be the limit inherited by any family member.

Right Marv. I want to be at the top of the list of people who receive any excess (Up to 10 million of course). It is only fair since I have never had ten million of anything in my life.

JFlorio Loc: Seminole Florida

Just so you know the wealthy do pay much more in Federal tax’s. Half the country pays no Federal tax’s. How’s that fair? Are you really surprised that a majority of people want more? Gee, who doesn’t want free things paid for by someone else?

Kevyn wrote:

I am quite successful financially. Although not a ... (show quote)

cbpat1

Kevyn wrote:

Freshman congress member Alaxandrea Ocasio-Cortez recently suggested increasing the top marginal tax rate to 70% on income over ten million a year. While right wing nutters lost their minds over returning to the tax policies of the 50s and 60s recent polling data shows that a wide majority of Americans agree with Ocasio-Cortez.

More Kevyn nonsense. If we increased the top rates to 70% our economy would go all to hell. The reason the economy is at such a torrid pace is because Trump has done just the opposite, by lowering taxes.

bylm1-Bernie

Bad Bob wrote:

To bylm1-Bernie , explain "same party that says what babies can be born."

OK, Bob. Have you been reading the news the past week? The news out of New York, Democrat backed, says that babies could be killed even after they are born. Seems to me to be about the same. What do you think?

JFlorio Loc: Seminole Florida

Kevy has no idea that the effective tax rate back when 70% was used is not much different than today’s tax rate. Lot more deductions then. I guess his masters didn’t tell him that.

cbpat1 wrote:

More Kevyn nonsense. If we increased the top rates to 70% our economy would go all to hell. The reason the economy is at such a torrid pace is because Trump has done just the opposite, by lowering taxes.

Nuclearian Loc: I live in a Fascist, Liberal State

Kevyn wrote:

Freshman congress member Alaxandrea Ocasio-Cortez recently suggested increasing the top marginal tax rate to 70% on income over ten million a year. While right wing nutters lost their minds over returning to the tax policies of the 50s and 60s recent polling data shows that a wide majority of Americans agree with Ocasio-Cortez.

Quoting communist sources again?

vernon

MarvinSussman wrote:

We should vastly increase steeply progressive estate taxes. Nobody should inherit enough money to buy the prostitutes in Congress. That is simply corruption. Ten million dollars should be the limit inherited by any family member.

Why 10mil, why not seize all of the wealth left by anyone .Have no inheritance when we die off the government gets it all.

Nickolai

bylm1-Bernie wrote:

"Recent polling data." Hmmmm! Next should follow: "If true, ......." What a crock! When the left has to fall back on AOC, it is a sad day. Tsk, Tsk.

The old right is toast The Republican party has been taken over by the crazy right wingers and the young people aren't buying it they know the American dream is just a dream because you have to be asleep to believe it and they aren't in it. They haven't been subjected to the demonizing of socialism like older generations have been following WW-ll. Capitalism is failing them and AOC has a message that speaks their language

Nickolai

Liberty Tree wrote:

More hate the rich philosophy born out of jealousy.

That's not true jealousy has nothing to do with it. Its about fairness and the nations wealth shared more broadly and not re distribution from the bottom to the top

Nickolai

bylm1-Bernie wrote:

Limiting what someone can receive? You must be from the same party that says what babies can be born.

The Estate tax was instituted because of the gilded of the late 19th early 20th century and the massive wealth accumulating among a few families. Being the worlds leading democracy, European dynastic wealth was improper and the idea of inheriting vast wealth while the majority of the population were wage slaves living from hand to mouth. The wealthy in the US has been chipping away at the tax while the nations is over 20 trillion in debt--it is ridiculous