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originally posted by: ClovenSky
ketsuko, I suspect you are right. grrrrrrrrr
thank you everyone for your time and responses.
Time to think and reevaluate again.
originally posted by: ketsuko
a reply to: pexx421
So, you put me in the category of rich?
We have a retirement account. Any money we earn off of that account is capital gains. We also have some CDs. Any interest off of those is also capital gains.
Any people in this country who are saving and preparing for their retirement in any way other than Social Security are in your category of unfairly wealthy.
I understand you aren't thinking of them, but Congresscritters are when they pitch these ideas to you. They know that far more than any grossly wealthy people like Warren Buffet, they know that middle class savings in such accounts represents the lions share of money they can't touch, and any such tax measures will tap that money.
Best answer ever!!!!
originally posted by: neo96
The Bill of Rights says Cortez is WRONG.
Read it some time.
Rich people aren't three fifths of a person, and THEY ARE entitled to their GOD GIVEN 14th amendment right.
No ... Capital Gains tax is abusive and predatory and just another method of taxation to punish anyone who has made money and invests it. It is damaging to both companies and individuals. Taxation by the elites has gotten way out of hand.
originally posted by: pexx421
a reply to: fredrodgers1960
No one wants to target people making a product or service, selling it and making a profit. We’re talking about capital gains, which the average joe May have a minuscule amount of but the wealthy elite have all their money from. This is extractive and it’s largely theft. If you hadn’t heard, this is the new American dream. Buying a company, plundering the pensions, firing workers then claiming bankruptcy, that’s theft. If you’re a oil Corp in Louisiana and you bribe the board to charge no taxes on 80% of your property as 90% of the corporations there have done the last few decades, that’s theft. If you bribe congress to place legislation you write to support your profits or keep out competition like pretty much every pharmaceutical, insurance, telecommunications, or internet/phone service does, that’s theft. If you bribe a city to not charge taxes if you move your business headquarters there ala Amazon, that’s theft. If you bribe congress to give you trillions to save you from your fraudulent business models as all the banks did, that’s theft. The new American dream is to find a way to exploit the workers so you can sit back and get rich off everyone’s work.
Rittel saw that this hope was doomed, because the problem situations in view could not be defined in agreed, unchanging ways. These problems are intrinsically ill-defined, and attempts to define them are already actions which reshape the problem and commit the analyst to a course of problem-solving which omits legitimate alternatives and there is no way of escaping this.
originally posted by: tabularosa
Of course Ocasio-Cortez is right. After WWII and before Reagan, America used a high tax rate to distribute wealth in America. It was not perfect, of course, but the middle class grew substantially and prospered. Once Reagan took office and reduced the tax to fund his percolate up tax policy, average family earnings have stayed about the same now (for over 40 years) while the price for many if not most goods and services have risen over 5 times. Prior to Reagan, one household member could earn enough to fund the family and still save money for retirement, today both spouses work and live paycheck to paycheck. Progress? I think not. But at least the wealthy have more money to own the government and control our lives. Excellent tradeoff for reducing taxes on the wealthy, don't you think?
originally posted by: pexx421
They pay 40% of the taxes. They claim 90% of the profit. a reply to: Edumakated