Tax the rich (Your 401k) at 50% to give $500-a-month free cash and fix income inequality

originally posted by: Gothmog
So , here we have a rich Liberal suggesting to tax the rich to give to the less wealthy.
Although I dont exactly agree with the 50 % income tax (anyone making over $250,000 is most likely in a tax bracket where they already pay close to 50%) , I do agree with the 50% on capitol gains.
Everyone does know what capitol gains are , yes ?

Yeah, the tax on making a profit from stocks, but if you lose, they are not giving me back 50%.

Why invest in stocks at all if they are going to take half if you win and you are screwed if you lose?

originally posted by: IgnoranceIsntBlisss
How about they lead by example then come tells us about it.

Just by the statement , does that not provide the example ?
So , are they not telling us about it ?
I thought most hated the rich...??? ???

originally posted by: infolurker

originally posted by: Gothmog
So , here we have a rich Liberal suggesting to tax the rich to give to the less wealthy.
Although I dont exactly agree with the 50 % income tax (anyone making over $250,000 is most likely in a tax bracket where they already pay close to 50%) , I do agree with the 50% on capitol gains.
Everyone does know what capitol gains are , yes ?

Yeah, the tax on making a profit from stocks, but if you lose, they are not giving me back 50%.

Why invest in stocks at all if they are going to take half if you win and you are screwed if you lose?

So if you lose stock value , who gives that back ?
Did not think of that one , did you ?

originally posted by: IgnoranceIsntBlisss
How about stop paying towards a trillion per year to the war machine and use that money to fix stuff?

Oh, yeah, they're imperialists too.

I realize this is an easy cop-out, but in terms of the biggest ticket items on our budget, military spending is not our problem.

Also, if you look at military spending as a percentage of GDP, which is how spending between countries is measured on every issue except this one because it factors in the differing sizes of economies, it actually isn't that crazy. We're not even the highest spender in that regard. But that doesn't fit the narrative that we need to gut the military, so people who want that to happen dishonestly compare dollar-to-dollar spending with countries that have much smaller economies than we do, which makes no economic or logical sense.

Rob from the rich and give to the poor.

So they can go buy more stuff!

Give it up for corporate welfare!

a reply to: face23785

Hmm...

originally posted by: Isurrender73

originally posted by: xBWOMPx
Yes, we should just take from those who work and earn and give to those who dont care to work hard. This does nothing but to teach our society that if they dont want to work hard to get any where in life they will simply be taken care of by the rest of society... PFFFT, They should use the money to set up programs for careers to learn a stable trade for people to pursue if they took money from people at all. That teaches them the value of hard work.

The majority of those who make over $250,000 do no real work. They sit at home, go golfing, attend business meetings. None of which actually adds to the GDP. They make their money off the backs of the working class without paying a fair percentage to the workers.

When the US was founded the 3 braches of the government and all public offices were to be supported soley by landowners, the upper class. The working class paid no taxes and the wealthy paid for all social programs.

Our founding fathers would be disgusted by those who prosper the most through being a part of society refusing to support the society that made them wealthy.

The wealthy class has a responsibility to ensure the success and stability of the system. The elitist of today shun their responsibilities and force the burdern on the worker. The elitist of today want facism not freedom.

But if history is any indication, when the elitist stop holding themselves accountable to the working class, the workers will rise up and in a Socialist movement and take back the wealth that was stolen by those who only wish to exploit humanity for personal gain.

Socialism is always the result of Elitism.

Your horribly mistaken, people who make that kind of money had to work hard to get there, please if you know the jobs that just hand out $250K a year so they can go golfing and vacate all the time let me know, I would enjoy it! It blows my mind when you see people looking at others with nice houses and cars and they honestly believe those nice things were handed to them... pffft, that's crazy. I work in aircraft, I know a married couple who work 10 hour days and every weekend they can, they both earned a little over $200K together. They have very nice things IDK if they golf but I do know they worked their a*ss off, I do the exact same thing. I know engineers that earn a good income, I have a friend that is 22 years old. He works with me, doesn't make quite as much because I been doing it longer, he makes $17 an hour, saves every penny, bought a new $20K car paid off in full when he got it. saving up and paying for his own college along with the company paying for it, he's almost done with his Bachelors degree in electrical engineering. This guy even works through breaks he's so grateful for the money he makes, He will probably be one of those guys that make over $200K a year in the future and I guarantee he will earn it... I have another friend I work with, he's 24, he will be done with his A&P mechanic school in August, This guy works 6 am to 230 pm then goes to school from 4pm to 10pm 5 days a week. I have mad respect for him, A&P mechanics can make $30 an hour with over time it can add up. These things are much better to acquire in life then going to your local welfare office and applying for benefits or protesting about getting school paid for. Join the military like I did or go move some where that has an acceptable wage with low cost of living and work for a company that will pay for your school. OK, ive written more then I should, im done ranting, I wish lazy people who want everything and do nothing would prove me wrong about flat earth, do the world a favor and go walk off the edge

originally posted by: norhoc
a reply to: infolurker


And what do the progressive liberals say to do when they run out of other people's money to give away?

It would be their own money....
Get what taxes are ?
Get what capitol gains are ?
Research...
Please.
At least the OP gets that part.

a reply to: face23785

The problem with military spending is corporate profits. If everyones uncle, cousin, nefew wasn't in the arms trading business nepotism wouldn't be sucking us dry with bloated military contracts.

Much of the research and work could be done for half the cost, but our politicians have to pay the big corporations big money so the big corporations will spend big money on thier campaigns.

It's a never ending loop of stupidity.

originally posted by: IgnoranceIsntBlisss
a reply to: face23785

Hmm...

That first chart is fake news.

The 2nd one completely ignores the entire second half of my post. I suggest you read it again.

originally posted by: Isurrender73
a reply to: face23785

The problem with military spending is corporate profits. If everyones uncle, cousin, nefew wasn't in the arms trading business nepotism wouldn't be sucking us dry with bloated military contracts.

Much of the research and work could be done for half the cost, but our politicians have to pay the big corporations big money so the big corporations will spend big money on thier campaigns.

It's a never ending loop of stupidity.

I think you mean such as the the ones that are in businesses in the private sector selling that "special toilet" at 4,000 percent mark up ?
That is what costs.
Yet , it helps to drive the economy and keeps folks jobs.
Please research.

originally posted by: Isurrender73
a reply to: face23785

The problem with military spending is corporate profits. If everyones uncle, cousin, nefew wasn't in the arms trading business nepotism wouldn't be sucking us dry with bloated military contracts.

Much of the research and work could be done for half the cost, but our politicians have to pay the big corporations big money so the big corporations will spend big money on thier campaigns.

It's a never ending loop of stupidity.

You're oversimplifying this situation. Of course there's waste and cronyism in the defense industry, just like there is in every other industry. But you're also neglecting other less nefarious reasons that drive up defense costs. For one, a lot of the stuff we buy, you can't just go to Walmart and get. We buy a lot of specialized equipment that there is only one manufacturer for and for which the government is their only customer. No competition and limited production numbers = sky high prices. Also, if we won't buy it, they might sell the design to China or Russia.

ETA: Also, as the poster above me mentioned, military spending actually helps the economy.

a reply to: face23785

Dude its about that ratio every year forever now.

And all that spending to go murder a million plus plus people every decade.

To create more enemies.

So that some might want to attack US for it.

To keep justifying being the "policeman of the world" (tyrannical imperialist war machine).

Jesus: "the poor will always be with you. Accept it."

a reply to: Isurrender73

If there was no sociey how much would a doctor make?

huh?

In a small society their is a farmer, blacksmith and doctor, which one is more valuable to their community?

The doctor

I don't care what your job title is. Less than1 % of the US makes over $250,000 a year, and most of them do nothing like I mentioned.

Where are these jobs? When you get into the multiples of millions I can see that CEO position being that way, but your average $250k'ish worker is usually a specialist in medical or IT, or a very skilled tradesman.

Those people do a LOT of work.

You would think they are the ones who would fear Socialism the most.

They are the ones that have value and can relocate away from the socialism, socialism should actually fear them the most.

originally posted by: IgnoranceIsntBlisss
a reply to: face23785

Dude its about that ratio every year forever now.

And all that spending to go murder a million plus plus people every decade.

To create more enemies.

So that some might want to attack US for it.

To keep justifying being the "policeman of the world" (tyrannical imperialist war machine).

You still haven't addressed anything I said. I won't derail the thread any further. You don't want to learn. Keep believing all the falsehoods you want. I explained to you how they're falsehoods but you refuse to read.

a reply to: IgnoranceIsntBlisss

To keep justifying being the "policeman of the world" (tyrannical imperialist war machine).

It is a dirty job , but the UN declares someone has to do it....

a reply to: xBWOMPx

Most of the people that got there are good spokesman. They are sophist who are good at motivating others. Or they inherited their wealth.

Those who worked hard still only managed to become wealthy becaue they belong to a robust society. One in which they are completely replaceable. The system that generated the wealth is not replaceable but the individual is.

Even those who invented are simply the recipients of bringing an idea to the world, many times an idea that was generated long before the product could be brought to the table.

Microsoft, the personal computer wasn't even the idea of Bill Gates. He simply ran with others ideas. He was merely lucky enough to be the one who brought the idea to market.

But as great as an idea may be, ideas don't bring products to the market. Workers bring products to the market.

Whether it be hard work, bringing an idea to market or inherited wealth all of these people get the most out of being part of a robust society and economy that they played no part in building.

It is those at the top who have the most to lose. It is those at the top that stand the most to gain from maintaining the society.

You can keep advocating that they get to keep their money. But history suggest that Elitism always ends in Socialism, or rather the false pretence of Socialism, which is really Facism at best Communism at worst.

a reply to: face23785

I show you a graph, you call it fake, yet offer no evidence and no counter example that "isnt fake". How well the money is or is not spent is irrelevant. The fact is "we" spend waaaaaaaaaaaay more than anyone else, and its the war machine itself creating the enemies and wars it "needs to" go fight every other year.

The graph said a bit over 50% for the war machine. And this year it was $1.3trillion "omnibus", $0.7trillion of which went to the war machine. Now if you have a graph showing more spending on medicare whatever than on the war machine then lets see it. Otherwise its you sporting the fake news.

originally posted by: Isurrender73

originally posted by: NthOther
Wage controls will not work without price controls. The statist pigs at the helm of Western leftism all know this, and are counting on the failure of the former to implement the latter.

And then you get Venezuela.

Have fun with that.

Professional sports doesn't work? The athletes and owners have agreed to wage controls that are based on a percentage of revenue. They have minimum and maximum wages for their employees and the owners are never aloud to take a bigger piece of the pie than what the players deem fair for their risks.

Communism doesn't work. But judging by the overall success of professional sports it would apear wage controls are just fine.

Don’t know about other sports, but isn’t minimum NFL player salary $750k? Is that really wage control? Sure it’s a minimum, but not sure couldn’t live quite comfortably on that...then there is the out of control NFL ticket prices and stadium concession prices to pay the players? Maybe the other sports don’t have that?