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originally posted by: Flatfish
If we really want to address the problem without the overkill that yourself and "whatmakesyouright" are talking about, we would adopt a split-level minimum wage.
By that, I mean one where anyone who claims themselves and/or others as dependents on their tax returns should be entitled to the higher $15 rate, while those who live at home as someone else's dependent could fall into a lower category like maybe $10 per hr..
originally posted by: GD21D
originally posted by: Flatfish
If we really want to address the problem without the overkill that yourself and "whatmakesyouright" are talking about, we would adopt a split-level minimum wage.
By that, I mean one where anyone who claims themselves and/or others as dependents on their tax returns should be entitled to the higher $15 rate, while those who live at home as someone else's dependent could fall into a lower category like maybe $10 per hr..
I'd be open to that idea.
What I think myself and whatmakesyouright are talking about is the effect on small business in rural areas. You've got to remember that a lot of times small business is treading water month by month. Where as small business in urban areas may benefit from immediate money flow into the economy because of large populations rural areas may not see such a benefit because of lower populations.
It could have devastating effects on the equilibrium of the economy if you shock the system too much.
Unintended consequences and all.....
originally posted by: DBCowboy
So we can all agree that government is corrupt.
And yet, people still desire to increase the size and scope of government.
I'm to assume then, that everyone wants a corrupt government because they will benefit from the corruption. especially with Sanders as president.
I'm at a loss to say anything further. We will get the government we deserve.
originally posted by: DBCowboy
a reply to: Flatfish
Rearrange the words all you want. Corruption exists, you wish to increase the size and scope of an entity that has corruption. Sanders = more corruption?
1945 (94%), 1950 (84.4%), 1963 (91%), 1980 (70%), 1986 (50%), 1991 (31%), 2000 (39.6%), and 2010 (35%).
The wedges between productivity and median compensation growth
...the top 1 percent of households have secured a very large share of all of the gains in income—59.9 percent of the gains from 1979–2007, while the top 0.1 percent seized an even more disproportionate share: 36 percent. In comparison, only 8.6 percent of income gains have gone to the bottom 90 percent”
originally posted by: enlightenedservant
a reply to: openminded2011
I don't get it. You ask how he'd pay for the programs, then immediately try to throw away possible options.
"Taxing the rich" doesn't just mean "raising income taxes". It also includes financial transaction taxes & raising the maximum amount of income taxable for Social Security (in 2015, you're only taxed for social Security on the first $118,500). "Taxing the rich" also includes closing the loopholes that allow hedge fund managers to pay much lower income taxes than every other profession and taxing the literal trillions of dollars US companies are holding overseas to avoid paying taxes.
Then there's ending the massive taxpayer funded subsidies to oil companies, Wall Street firms, large agriculture firms like Monsanto, Cargill, and others. And there's the obvious option to downsize our massive military industrial complex, using that money to upgrade our infrastructure instead. And let's not forget the oil windfall tax, which existed from 1980 to 1988.
Then there are the ridiculously high costs of imprisoning people. Right now, it's literally cheaper to give a nonviolent offender community service and taxpayer funded tuition at a community college than it is to lock them up for a year. The average cost to lock someone up for a year in America is $31,307 per year. Think about that for a second.
As an example, in most States, stealing something worth over $500 is a felony (larceny). If the crime is committed without a weapon, you may serve 6 months in jail. That means taxpayers are paying an average of $15,500 to imprison someone for stealing $501 or more. And if the thief has a weapon while committing the crime, it can instantly jump to a several year long sentence. It would be smarter & much cheaper to make them pay back what they stole, pay a punitive fine, and do community service. Changes like that would drastically save taxpayers money, which could then be used to improve our infrastructures. (And the costs for nonviolent drug offenders is even higher, especially when mandatory minimum sentences are in place.)
As for raising the income tax level, I don't think people understand just how high America's tax rates used to be. Here's a short list of the top tax rates over the last 70 years.
1945 (94%), 1950 (84.4%), 1963 (91%), 1980 (70%), 1986 (50%), 1991 (31%), 2000 (39.6%), and 2010 (35%).
So even though the tax rates have been drastically reduced, the extra income isn't being shared among the workers. In fact, here's a quote from a report I'll link.
The wedges between productivity and median compensation growth
...the top 1 percent of households have secured a very large share of all of the gains in income—59.9 percent of the gains from 1979–2007, while the top 0.1 percent seized an even more disproportionate share: 36 percent. In comparison, only 8.6 percent of income gains have gone to the bottom 90 percent”
So in order to fund Sanders' programs, it's going to take a fundamental change in the way our tax money is allocated. But that's going to have to include taxing the rich, too. The good thing with socialism is that even though you pay more upfront, your healthcare, food costs, education costs, and nearly every other necessity is taken care of. That's literally the point in having a "social safety net".
originally posted by: Flatfish
originally posted by: DBCowboy
a reply to: Flatfish
Rearrange the words all you want. Corruption exists, you wish to increase the size and scope of an entity that has corruption. Sanders = more corruption?
Show me one instance of corruption related to Bernie Sanders and you might have a leg to stand on.
Otherwise, that's nothing more that hollow accusations. Hannity would be proud.
originally posted by: Flatfish
originally posted by: Teikiatsu
originally posted by: TheBulk
originally posted by: Kali74
When Bernie does rallies and interviews etc... he usually gets in a word about needing a better Congress.
And what you both mean by that is a congress without dissent. You folks are scary.
Translation for Bernie: My ideas are so terrible that I need a supermajority of non-critical thinkers who believe money grows on trees to pass my proposed legislation that even current Democrats won't touch with a ten-foot pole.
The only Democrats that won't touch Bernie's ideas with a ten ft. pole are those who are beholden totheir corporate donor baseeconomic reality.
originally posted by: Kali74
a reply to: DBCowboy
They absolutely do write laws. Haven't you heard of ALEC?
originally posted by: Kali74
a reply to: Teikiatsu
They actually write legislation and then hand it off to whatever congress critter they donate to.
Obamacare, climate legislation/carbon taxes, gun control bills, GPS mileage fees for electric cars, popular vote, these are all measures written in the same way to pass legislation at the state and federal level.
originally posted by: Teikiatsu
Obamacare, climate legislation/carbon taxes, gun control bills, GPS mileage fees for electric cars, popular vote, these are all measures written in the same way to pass legislation at the state and federal level.
originally posted by: DBCowboy
a reply to: Flatfish
Your opinion and mine differ. I think we will end up seeing the end of capitalism and freedom in the US and your ideals will win the day because too many already want to rely on government to take care of them.