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Old 01-04-2018, 02:39 PM
 
66,447 posts, read 30,309,848 times
Reputation: 8662

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Quote:
Originally Posted by cuebald View Post
90% tax on the weathiest, exactly like FDR did to fund the WPA and the CCC and create and grow the middle class.
Why would anyone do that? FDR's high taxes on some but not all, among other misguided policies, extended the Great Depression by 7 years.
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Old 01-04-2018, 05:25 PM
 
Location: Nescopeck, Penna. (birthplace)
12,351 posts, read 7,503,405 times
Reputation: 15950
Quote:
Originally Posted by cuebald View Post
90% tax on the weathiest, exactly like FDR did to fund the WPA and the CCC and create and grow the middle class.
You need to stop swallowing the swill spoon-fed to you by the far-Leftist gangsters and learn a little about real finance and real history.

The 90% (actually 87%) tax rates you think will make your life easier weren't imposed in the Thirties; they were a product of World War II, by which time the new American peasantry had been whipped enough into accepting them. Since the markets rise and fall on anticipation, rather than the news itself (Roosevelt entering a third term, the avowed Leftist Henry Wallace a heartbeat from the Presidency, and the growing prospect of war, which despite Leftist hype, isn't good for the economy) it's no wonder that 1941 was one of the worst years for the markets on record.

And those markets, (which you probably picture as run by men in top hats and spats) are both the reason for our prosperity, and a sound defense against the delusions of the likes of you. The majority of the wealth created by the likes of Microsoft, Amazon, Google and thousands of smaller success stories is represented by the value of the enterprise's common stock rather than the personal wealth and/or income of the CEO/founder; rattle your saber too loudly, and much of that wealth will evaporate before you and your fellow would-be looters can steal it.

And as for most of the CEOs (about half of whom, according to reputable sources, are essentially self-made), most of them live quietly. Warren Buffet still lives in the modest Omaha house he bought 60 years ago. Amazon's Jeff Bezos draws a salary of about $200K (admittedly, free to cash in some stock at capital gains tax rates if he chooses) but via an arrangement voluntarily sought with the IRS, also pays regular-rate taxes on company expenses, (several million a year last time I looked) deemed to be linked to his own activities -- mostly security. The practice is fairly common, saving the taxpayers the burden of proof.

And when Bezos, Buffet, Gates, Page, Brin and the others shuffle off this mortal life, most of what they leave behind will end up in the hands of the non-profit sector -- philanthropies, institutions (Harvard alone controls about $50B), and especially pension funds like TIAA/CREF -- serving the very academics who often wail loud and long bout the "evils" of capitalism.

So rant as long and as loud as you like; a closer inspection of the workings of the economy tells a different story, and even Obama and the Clintons recognized it as clearly as anyone advanced beyond the economic bush leagues.

Last edited by 2nd trick op; 01-04-2018 at 05:35 PM..
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Old 01-05-2018, 08:11 AM
 
Location: Colorado Springs
4,364 posts, read 1,809,166 times
Reputation: 3298
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Old 01-05-2018, 08:13 AM
 
Location: USA
4,797 posts, read 4,237,862 times
Reputation: 2848
Calling popular non-communist non-socialist things Socialism will only turn more people to Socialism.
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Old 01-05-2018, 08:17 AM
 
Location: Colorado Springs
4,364 posts, read 1,809,166 times
Reputation: 3298
Quote:
Originally Posted by It'sAutomatic View Post
Calling popular non-communist non-socialist things Socialism will only turn more people to Socialism.
I also laugh at the people on here who keep trying to claim the Nazis were left wing because of the name...
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Old 01-05-2018, 08:30 AM
 
66,447 posts, read 30,309,848 times
Reputation: 8662
Quote:
Originally Posted by BornintheSprings View Post
I also laugh at the people on here who keep trying to claim the Nazis were left wing because of the name...
Not the name, the political platform of subjugating the individual to benefit the collective society.
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Old 01-05-2018, 08:35 AM
 
Location: USA
17,669 posts, read 8,854,347 times
Reputation: 13199
Quote:
Originally Posted by BornintheSprings View Post
I also laugh at the people on here who keep trying to claim the Nazis were left wing because of the name...
Not just because of their name, but policies, like government control of industry, and oppressive restriction of speech, firearm ownership, centralized, collective government, party power, etc.

Maybe read some actual history?
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Old 01-05-2018, 10:13 AM
 
Location: Madison, WI
4,809 posts, read 1,630,383 times
Reputation: 1056
Quote:
Originally Posted by BornintheSprings View Post
(image)
That's the funniest thing I've seen in awhile.
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Old 01-06-2018, 02:26 PM
 
33,046 posts, read 22,048,755 times
Reputation: 8970
Quote:
Originally Posted by Ferd View Post
in fairness to Informed Consent, a regressive tax system means those getting the largest benefit from government (Poor and middle class) pay a lot more in taxes.

The people who get the greatest benefit from zoning codes are middle class homeowners. The costs thereof are born by the poor, and government in its magnanimity mitigates some of those costs for some of the poor.

smh
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Old 01-06-2018, 02:38 PM
 
9,461 posts, read 2,324,527 times
Reputation: 4675
Quote:
Originally Posted by Taratova View Post
Many US companies give 2, 3, and 4 weeks paid vacation days as they rack up years of time in .
"rack up" you say?

It should be a law.
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