Are Bernie Sanders supporters willing to pay Denmark, Sweden, Norway levels of taxes and fees? (Reagan, legal)
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Oh, I would, too. But we'd still have a significant disparity between those who pay and those who take. As funding even a limited government that doesn't reach beyond its Constitutional limits requires tax revenue, everyone should pay the same tax rate.
Example: 10% flat tax.
$30,000 earner pays $3,000
$3,000,000 earner pays $300,000
$300,000 is still significantly more than $3,000.
Yes, lets make a poor, elderly widow pay the same rate as the billionaire. How about we start taxing capital gains at Scandinavian rates of 28-42%. That's where the 0.1% get their money.
Its hilarious to see you pretend like you actually would benefit from the policies you promote. You are not some big shot millionaire and you will never be one. They laugh at people like you who tirelessly carry their water like a bootlicker. You are part of the bewildered rabble they despise.
Yes, lets make a poor, elderly widow pay the same rate as the billionaire. How about we start taxing capital gains at Scandinavian rates of 28-42%. That's where the 0.1% get their money.
Its hilarious to see you pretend like you actually would benefit from the policies you promote. You are not some big shot millionaire and you will never be one. They laugh at people like you who tirelessly carry their water like a bootlicker. You are part of the bewildered rabble they despise.
Most Americans retire from their mutual funds, 401k, real estate etc. A capital gains tax at nearly 50% would virtually end all hope for a middle class person to retire comfortably, while still allowing a 0.1% person to live the dream. Who is really getting crushed here?
Average Joe: Retires with a $500,000 gain after 30-40 years of letting his mutual funds grow and then loses half of it when he sells.
OR
0.1% Joe: Makes a $20,000,000 gain and then loses half when he sells.
All you would be doing is preventing the middle class person from retiring, while not effecting the very top from being able to retire.
Most Americans retire from their mutual funds, 401k, real estate etc. A capital gains tax at nearly 50% would virtually end all hope for a middle class person to retire comfortably, while still allowing a 0.1% person to live the dream. Who is really getting crushed here?
Average Joe: Retires with a $500,000 gain after 30-40 years of letting his mutual funds grow and then loses half of it when he sells.
OR
0.1% Joe: Makes a $20,000,000 gain and then loses half when he sells.
All you would be doing is preventing the middle class person from retiring, while not effecting the very top from being able to retire.
Most Americans retire from their mutual funds, 401k, real estate etc. A capital gains tax at nearly 50% would virtually end all hope for a middle class person to retire comfortably, while still allowing a 0.1% person to live the dream. Who is really getting crushed here?
Average Joe: Retires with a $500,000 gain after 30-40 years of letting his mutual funds grow and then loses half of it when he sells.
OR
0.1% Joe: Makes a $20,000,000 gain and then loses half when he sells.
All you would be doing is preventing the middle class person from retiring, while not effecting the very top from being able to retire.
Easy solution. Expand social security like the vast majority of Americans want and which is how Scandinavia does it, and implement exemptions and deductions on the first few thousands of capital gains. The fact of the matter is that people in Scandinavia can retire faaaaar more comfortably and securely than Americans.
Easy solution. Expand social security like the vast majority of Americans want and which is how Scandinavia does it, and implement a exemptions and deductions on the first few thousands of capital gains.
Like I said, I'd agree to that as soon as we implement a 25% VAT tax that EVERYONE pays and stop taxing foreign-earned income, just like the Scandinavian countries. Deal?
Like I said, I'd agree to that as soon as we implement a 25% VAT tax that EVERYONE pays and stop taxing foreign-earned income, just like the Scandinavian countries. Deal?
I dont have any problems with a 25% VAT when minimum wage is $17-20 an hour, with extremely good benefits and no person worries about paying $20 000 a year for child care, private health insurance and college tuition. There is no cap on income subject to payroll tax in Scandinavia. There is, however a maximum cap on what you can get when you retire. That is why it is a social safety net. No matter what happens to you or your employer or the stock market, you are guaranteed a good retirement income.
Do you honestly think poor and working class people in Scandinavian countries want to live in the US because they have to pay 25% VAT in Scandinavia?
I dont have any problems with a 25% VAT when minimum wage is $17-20 an hour, with extremely good benefits and no worries about paying $20 000 a year for child care, private health insurance and college tuition.
Do you honestly think poor and working class people in Scandinavian countries want to live in the US because they have to pay 25% VAT in Scandinavia?
The unemployed in Scandinavia aren't earning $17-20 an hour and they STILL pay the 25% VAT tax just like everyone else.
The unemployed in Scandinavia aren't earning $17-20 an hour and they STILL pay the 25% VAT tax just like everyone else.
Unemployment benefits in Scandinavia are faaaaar better than in the US. Generally, you get 80% of your former pay for up to 3 years, depending on the country. You get retraining and educational opportunities in order to quickly find another job. This is what a social safety net is about.
Unemployment benefits in Scandinavia are faaaaar better than in the US.
Yeah, because EVERYONE pays the 25% VAT tax, which is their greatest source of tax revenue. That's why their benefits are so much better. EVERYONE pays. EVERYONE contributes to the cost of those social safety net programs.
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