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Minty
Minty
Joined: Jan 23, 2015
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January 27th, 2019 at 9:38:08 PM permalink
Quote: rxwine

Wouldn't be better to look at the profit percentage vs. CEO pay. If CEO today brings in 100 times more profit in percent (adjusted for inflation) than a CEO 25 years ago his 100 times increase makes sense. If he didn't produce the equivalent results multiplied his pay has been inflated.



Makes sense. Seems like it hasn't turned out that way though. https://www.google.com/amp/s/www.washingtonpost.com/amphtml/news/on-leadership/wp/2017/10/06/a-new-report-suggests-a-fundamental-idea-behind-ceo-pay-could-be-broken/
"Just because I'm not doing anything illegal, doesn't mean I won't have to defend myself someday." -Chip Reese
RogerKint
RogerKint
Joined: Dec 5, 2011
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MaxPenRSmcallister3200
January 27th, 2019 at 9:44:47 PM permalink
If the estate tax could be declared constitutional, anything's possible. In the end, all your wealth belongs to "them", does it not?

"So give back to Caesar what is Caesar's and to God what is God's." - Jesus

At one time, supposedly, Americans were free and sovereign people. Those generations gave huge sacrifices for those freedoms including fighting on this continent. George WaRshigton didnt drone-strike any red coats. It's still America but we are increasingly less free and sovereign. Many people on these forums have openly admitted that they prefer safety over freedom of choice. We've gotten what we deserve.
100% risk of ruin
tringlomane
tringlomane
Joined: Aug 25, 2012
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January 27th, 2019 at 10:57:09 PM permalink
Quote: happahero

I did not know that was on his agenda. I’m not sure what he’s proposing for how to accomplish this. I was more referring to his iniatives for clean drinking water for Africa.



It's not. It's MaxPen using "alternative facts".

https://www.politifact.com/punditfact/statements/2018/may/03/blog-posting/no-bill-gates-did-not-outline-2018-plan-depopulate/

Bill Gates is a great man afaik. It's nice that many of the ultra-rich don't think they pay enough in taxes and donate significant portions of their wealth. But since it's optional, the rest of them can just hoard more and more money that they don't need instead.
djatc
djatc
Joined: Jan 15, 2013
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January 27th, 2019 at 11:19:47 PM permalink
Quote: Minty

Out of curiosity, and I have no idea what most posters ages are here, but have you found yourself growing more conservative financially as the years have gone by, or has it been pretty fixed for you?



ya pretty much
"Man Babes" #AxelFabulous
Tanko
Tanko
Joined: Apr 22, 2013
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January 28th, 2019 at 4:05:32 AM permalink
Quote: happahero



WTF

Already paying taxes on the money you earn each year isn’t enough for Ms. Warren?



She also introduced the Accountable Capitalism Act, which would require corporations with more than $1 billion in annual revenue to obtain a federal charter.

Add that to her new wealth bill, Ocasio-Cortez’ proposal for 70% top tax rate, Bernies Medicare for All, and Kamala’s ‘debt-free’ college, and the Party that oversaw seven of the eight past recessions, and eleven of the past thirteen bear markets is about to do it again.

“... enjoy being exhausted for the next two years while we run train on the progressive agenda,” - Ocasio-Cortez

Give the voters what they deserve, and buy the dip.
RonC
RonC
Joined: Jan 18, 2010
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January 28th, 2019 at 4:58:58 AM permalink
Quote: Tanko

She also introduced the Accountable Capitalism Act, which would require corporations with more than $1 billion in annual revenue to obtain a federal charter.

Add that to her new wealth bill, Ocasio-Cortez’ proposal for 70% top tax rate, Bernies Medicare for All, and Kamala’s ‘debt-free’ college, and the Party that oversaw seven of the eight past recessions, and eleven of the past thirteen bear markets is about to do it again.

“... enjoy being exhausted for the next two years while we run train on the progressive agenda,” - Ocasio-Cortez

Give the voters what they deserve, and buy the dip.



I doubt any of these things will pass the current Senate. The window of opportunity to slow or stop this movement is between now and the 2020 election. Two things point to that being a possible issue--the President's popularity and the Senate election map for 2020.

There is one potential way to tax wealthy people that would cause them a burden without taxing money already taxed. That would be to tax their capital gains and other income each year. It would be an unreliable source of income because of the ups and downs of their investments, but it would only be a tax on what they earned (or a deduction for what was lost) each year. If you did that and let them pass their money to their heirs without a death tax, it could end up being palatable to more people. Simple class warfare--tax the rich--gets resistance from those not quite rich because they wonder when someone will come after their level of wealth.

**********
Someone up thread asked why we were talking about this instead of that. That is kind of the problem...we get stuck on one thing and others don't get taken care of because we have all these high paid people who can't seem to multi-task once they get in office. You can hate, and even want to impeach, the President and also recognize that there are problems that would be better solved now than later. It is power, and the perpetuation of it, that keeps elected officials from doing the work of the people instead of the work of the party.

It is easier to stay in power and pass the buck. Solving problems with things that may actually work is a lot harder.
Steverinos
Steverinos
Joined: Jul 6, 2016
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January 30th, 2019 at 4:16:49 PM permalink
Trickle-down was a failure. It's far past the time to redistribute.
mcallister3200
mcallister3200
Joined: Dec 29, 2013
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RSMaxPen
January 30th, 2019 at 4:28:37 PM permalink
If Kamala or whoever tries to make me pay for 2 1/3 other people’s healthcare from whatever healthcare firms bribe our politicians enough to get the forced healthcare monopoly again I think I’m done find some more saps to pay it. It appears to me we are in danger of heading towards the road of if the roots aren’t too deep, it’s time for many to create a 5 to 10 year US exit plan if you want to keep your hard earned money. Hate to have to think about it.
Steverinos
Steverinos
Joined: Jul 6, 2016
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MintyMichaelBluejay
January 30th, 2019 at 4:36:25 PM permalink
Top marginal tax rate in the 50's was 91%, back when America was great. Lots of people got rich during the 50s. No cries of socialism. The irony is lost on #MAGA supporters.

It's far past time to redistribute.
MaxPen
MaxPen
Joined: Feb 4, 2015
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January 30th, 2019 at 4:37:27 PM permalink
Quote: mcallister3200

If Kamala or whoever tries to make me pay for 2 1/3 other people’s healthcare from whatever healthcare firms bribe our politicians enough to get the forced healthcare monopoly again I think I’m done find some more saps to pay it. It appears to me we are in danger of heading towards the road of if the roots aren’t too deep, it’s time for many to create a 5 to 10 year US exit plan if you want to keep your hard earned money. Hate to have to think about it.



I realized it wasn't worth it about a year ago.

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