Ocasio-Cortez floats 70 percent tax on the super wealthy to fund Green New

[Varys 30,916]

2 minutes ago, SEANGT said:

but to be clear...tax the **** out of super wealthy businesses too. lol. 

This

with all the tax cuts they already had they should have saved enough 

[hankhatesyouall 2,731]

9 minutes ago, SEANGT said:

apple has 130 something billion dollars just sitting around. 

The CEOs are worth hundreds of millions

Fun fact, apple has retail stores with low wage employees that definitely don't make 6 figures. 

Apple relies on low wage workers in other countries to make their products. 

there are literally thousands of poor people that work hard for apple to make billions every few months. 

Every billionaire makes their fortune off the backs of the working class. They can pay billions more in taxes instead of keeping it in a bank account somewhere for nothing. 

1

People do not deserve six-figure salaries for selling phones It's not a fun fact. I am eagerly waiting for AI-driven retail stores that abolish these useless jobs. 
https://edition.cnn.com/2018/12/07/business/walmart-robot-janitors-dotcom-store/index.html

This is a very weird way of spelling 'creating jobs'.

No, Warren Buffet made his fortune because he started buying stocks at the age of 17. You? 

[Varys 30,916]

7 minutes ago, hankhatesyouall said:

I was referring to his post. 

As I've just mentioned, the federal income tax should be abolished. You can't steal money from people simply because they are more successful than you are.        

Yes it is fair

 they still have more money than the avrage person they should stop complaining and contribute to society instead of hiding their money on a foreign bank account and avoiding taxes 

and how is  the goverment going maintain the roads, infrastructure , public transport if they cant tax people?

[hankhatesyouall 2,731]

6 minutes ago, Varys said:

Yes it is fair

 they still have more money than the avrage person they should stop complaining and contribute to society instead of hiding their money on a foreign bank account and avoiding taxes 

and how is  the goverment going maintain the roads, infrastructure , public transport if they cant tax people?

5

New Hampshire has no personal income tax, and they still manage to have all of these. 

[tomsches 17,550]

I pay like 50% taxes and Im super poor so chill yall 

[Varys 30,916]

19 minutes ago, hankhatesyouall said:

New Hampshire has no personal income tax, and they still manage to have all of these. 

Because they compensate It in the form off other taxes

btw are you a libertarian 

[MJHolland 12,725]

This is ridiculous 

They should be taxed at 90% 

[MJHolland 12,725]

34 minutes ago, hankhatesyouall said:

New Hampshire has no personal income tax, and they still manage to have all of these. 

Mess, states generate most of their revenue through property tax

New Hampshire has the 3rd highest property tax rate in the country 

C’mon, man 

[Delusional Aura 5,129]

1 hour ago, SEANGT said:

Bob is a billionaire because he exploits a poor working class and must pay his fair share to provide for them. 

Am NO! That's blatant socialism right there. The problem with this flawed economic concept that have never worked in history is that you EVENTUALLY run out of rich people money to spend.

If you tax rich people that much then what's the point of working so hard at first if you can't enjoy your earnings later on? What will eventually happen? Institutions created by rich people who took risks that no one else took to build their wealth will fall. Poor people are not able to compensate for this failure because they expect easy monetary handouts from the rich, so they will become lazy. Ultimately, you'll have a very screwed up economy and eventually no one will succeed.

 

[Petie Estie 5,707]

6 minutes ago, Delusional Aura said:

Am NO! That's blatant socialism right there. The problem with this flawed economic concept that have never worked in history is that you EVENTUALLY run out of rich people money to spend.

If you tax rich people that much then what's the point of working so hard at first if you can't enjoy your earnings later on? What will eventually happen? Institutions created by rich people who took risks that no one else took to build their wealth will fall. Poor people are not able to compensate for this failure because they expect easy monetary handouts from the rich, so they will become lazy. Ultimately, you'll have a very screwed up economy and eventually no one will succeed.

 

I can come up with a disaster scenario or 2 for capitalism as well. Treating socialism like a bad word and calling everything the government does socialism isn't productive. We can have a stable system of high taxes and the right incentives. There's obviously a balance. Right now it's really tilted in favor of the super rich and a high tax on income above $10 million is a good way to bring it back. 

[LordEnigma 11,313]

1 hour ago, hankhatesyouall said:

People do not deserve six-figure salaries for selling phones It's not a fun fact. I am eagerly waiting for AI-driven retail stores that abolish these useless jobs. 
https://edition.cnn.com/2018/12/07/business/walmart-robot-janitors-dotcom-store/index.html

This is a very weird way of spelling 'creating jobs'.

No, Warren Buffet made his fortune because he started buying stocks at the age of 17. You? 

I can see you being one of those people walking into a Starbucks or any other retail environment and acting “above” all the employees working.

Yes, technology will get rid of “useless” jobs but don’t think the more “important” jobs like doctors, lawyers, etc. aren’t in trouble either.

[rumours 45,521]

God, this is entertaining. 

Unfortunately, rubbish ideas like this are going to give Trump a 2020 victory. 

[Delusional Aura 5,129]

3 hours ago, SEANGT said:

I can come up with a disaster scenario or 2 for capitalism as well. Treating socialism like a bad word and calling everything the government does socialism isn't productive. We can have a stable system of high taxes and the right incentives. There's obviously a balance. Right now it's really tilted in favor of the super rich and a high tax on income above $10 million is a good way to bring it back. 

I agree but taxing someone above 50% of their profits is just flat out wrong regardless of how rich they are. You can have capitalist economies with socialist undertones like Norway, Finland, Sweden even Canada. But, it's not productive to tax anyone more than 50%.

[Woolfsmck 2,763]

I am amazed at the effective brainwashing that liberal media is....

 

Make all the good singers and performers who made 100 mil pay 90% tax and give it to all the artists who suck.

[Emvee 8,832]

Always love to see libertarians get trampled in discussions.