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Tweet is tangential, but it shows the rate of corporate and capital gains taxes have been lower than income tax pretty much the whole way in the USA:
Trickle down doesn't work because the tippy top brackets save more than they spend.
Don't you think free lunch capitalists should be taxed commensurately with people who work for a living?
Tweet is tangential, but it shows the rate of corporate and capital gains taxes have been lower than income tax pretty much the whole way in the USA:
Last edited by Winehole23; 01-05-2019 at 07:47 PM.
Is that fair?
Why should capital gains and employers have the sweetheart deal instead of ordinary working folks?
I mean, other than the fact that they bankroll elections and write legislation?
Top rates might be questionable for generalization, but I'm not a in commie for pointing out something similar to what David Ricardo and Adam Smith pointed out
200 in years ago.
The Ricardo/Malthus debate is fully contemporary, IMO
Last edited by Winehole23; 01-05-2019 at 08:50 PM.
Yea that definitely isn’t a starter house. I imagine the home is valued around 400k+, which gets you a very sizable house in Texas
Sweden Has a 70 Percent Tax Rate and It Is Fine
https://www.peoplespolicyproject.org...nd-it-is-fine/
the rich pay for the jobs and people want higher wages
the rich will not have money for that then
then move there
where do they get those facts?
"However, despite these high marginal rates, the top 1 percent of taxpayers in the 1950s only paid about 42 percent of their income in taxes. As a result, the tax burden on high-income households today is only slightly lower than what these households faced in the 1950s."
https://taxfoundation.org/taxes-rich-1950-not-high/
OMG THE GREEDY POORS ARE GONNA PUT THE RICH OUTNOF BUSINESS.
OMG THE GREEDY POORS ARE GONNA PUT THE RICH OUT OF BUSINESS.
It would take years of analysis to rule that right or wrong. German style decades of research
I think America is all about messages. Messages of Capitalism. German kids don't wake up hoping to be "whatever they want". That is American dream.
Does the dream come thru? Meanwhile German schools continue to thrive....
It's an income tax rate, not a corporate tax.
Would you risk your money if any profit you might get is going to be taxed at 70%? I'd be putting that in the safest possible investment. Where's the venture capital/small company startup funds gonna come from? Who's going to take that risk for so little return?
Capitalists have many $100Bs to gamble with.
Vast majority of startups don't turn into unicorns, or even survive.
"According to the Small Business Association (SBA), this isn't necessarily true.
The SBA states that only 30% of new businesses fail during the first two years of being open,
50% during the first five years and
66% during the first 10."
https://www.investopedia.com/slide-s...sinesses-fail/
Business expenses are tax deductible for a reason.
"The rich need more help!"
You realize wages and payroll expenses are tax deductible?
The amount of cuckservatives who don’t understand that wages get paid before any income tax gets paid is stunning.
Again, do you not think that a 70% tax rate will eventually affect lower income workers?
When it’s only on income of $10 million or more? I don’t.
What's stunning about it? They voted in a guy who hires illegals to keep illegals out of the country.
I think it could lead to a contraction in new business investment which would mean less jobs. No idea of the scope.
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