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116th Congress: Episode 1 - Trial by Fire

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Re: 116th Congress: Episode 1 - Trial by Fire

Ilhan suggests a 90% tax on the rich. That's not a good start in representing Mpls.

Its early, but that's a situation where I might go R for the second time in my life if that continues.
 
Re: 116th Congress: Episode 1 - Trial by Fire

5mn_Major said:
Ilhan suggests a 90% tax on the rich. That's not a good start in representing Mpls.

Its early, but that's a situation where I might go R for the second time in my life if that continues.
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Another person that does not understand how progressive taxation works or what it does. When does the 90% kick in? If you ask me 90% at certain levels is completely reasonable. The private sector could have fixed this problem years ago and like always they ****ING BLEW IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
Re: 116th Congress: Episode 1 - Trial by Fire

5mn_Major said:
Ilhan suggests a 90% tax on the rich. That's not a good start in representing Mpls.

Its early, but that's a situation where I might go R for the second time in my life if that continues.
Click to expand...

You must really not understand how Minneapolis works. Especially her district.
 
dxmnkd316 said:
You must really not understand how Minneapolis works. Especially her district.
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Agreed.
It’s like those people I read on nextdoor, who say every democrat is a socialist and they’re stealing all our money. And then complain about plowing, fire stations, and the police ten seconds later.
 
Re: 116th Congress: Episode 1 - Trial by Fire

Deutsche Gopher Fan said:
Agreed.
It’s like those people I read on nextdoor, who say every democrat is a socialist and they’re stealing all our money. And then complain about plowing, fire stations, and the police ten seconds later.
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I want to ****ing punch those people right in the face.


Also, isn’t next door that app where all the racists get to both about that black guy in their neighborhood?
 
Re: 116th Congress: Episode 1 - Trial by Fire

dxmnkd316 said:
You must really not understand how Minneapolis works. Especially her district.
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Oh I know well as I've been here for decades. Ultra extreme policies can't pass and just lose votes for other democrats moderate districts. Its the same reason why Bernies policies would make him unelectable.

In the end, its also stupid policy...because avoids the real criminal activity by people that already have millions, use an obscenely low long term capital tax rate and just sit on their ***** making the real money while adding zero value to society. Anyone who works hard deserves to make money. Those that do nothing and use their money to make money with almost no tax is where the real tax policy improvements should be made.
 
dxmnkd316 said:
I want to ****ing punch those people right in the face.


Also, isn’t next door that app where all the racists get to both about that black guy in their neighborhood?
Click to expand...

I use it for crime alerts, lost pets, and selling items, but yes, a lot of cringeworthy stuff is posted.
My Edina hood is currently arguing about legalizing pot- lots of pearl clutches here apparently who think it would demonize their kids
 
Re: 116th Congress: Episode 1 - Trial by Fire

So there seems to be lots of support for a 90% tax rate.

Imagine there's business leadership that creates enough business value to create many jobs (probably your job). That doesn't get created without that leadership. So that person continues to get compensated well to continue generating that value - say $400k a year. A 90% tax rate puts them at $40k and probably looking at financial assistance. 50% tax on the affluent is good. 90% is just terrible policy.
 
Re: 116th Congress: Episode 1 - Trial by Fire

5mn_Major said:
So there seems to be lots of support for a 90% tax rate.

Imagine there's business leadership that creates enough business value to create many jobs (probably your job). There's a lot of value created. So that person continues to get compensated well to continue generating that value - say $400k a year. A 90% tax rate puts them at $40k and probably looking at financial assistance. 50% tax on the affluent is good. 90% is just terrible policy.
Click to expand...
Yep.I was right. You don't understand progressive taxation. Who the hell is taxing the entire 400K at 90%. No one. In fact my 90% wouldn't kick in until your first 25 million is made. So, you don't get it. Clearly.
 
5mn_Major said:
So there seems to be lots of support for a 90% tax rate.

Imagine there's business leadership that creates enough business value to create many jobs (probably your job). That doesn't get created without that leadership. So that person continues to get compensated well to continue generating that value - say $400k a year. A 90% tax rate puts them at $40k and probably looking at financial assistance. 50% tax on the affluent is good. 90% is just terrible policy.
Click to expand...

What are you talking about? 40k what? And 400k isn’t the affluence anyone is talking about.
Christ I paid 40k in federal taxes this year
 
Re: 116th Congress: Episode 1 - Trial by Fire

ScoobyDoo said:
Yep.I was right. You don't understand progressive taxation. Who the hell is taxing the entire 400K at 90%. No one. In fact my 90% wouldn't kick in until your first 25 million is made. So, you don't get it. Clearly.
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That's true. Was in a hurry and missed that.

But the general point holds. Its terrible PR and political poison unless you want Donald Trump part 2. And bad policy because the long term capital tax rates are the real problem.
 
Re: 116th Congress: Episode 1 - Trial by Fire

5mn_Major said:
That's true. Was in a hurry and missed that.

But the general point holds. Its terrible PR and political poison unless you want Donald Trump part 2. And bad policy because the long term capital tax rates are the real problem.
Click to expand...

Well, I've been saying for years that capital tax breaks are bs because then labor gets ****ed up the ***. But no one in Washington is listening.
 
5mn_Major said:
So there seems to be lots of support for a 90% tax rate.

Imagine there's business leadership that creates enough business value to create many jobs (probably your job). That doesn't get created without that leadership. So that person continues to get compensated well to continue generating that value - say $400k a year. A 90% tax rate puts them at $40k and probably looking at financial assistance. 50% tax on the affluent is good. 90% is just terrible policy.
Click to expand...

You don't understand marginal tax rates. Shocking.
 
5mn_Major said:
That's true. Was in a hurry and missed that.

But the general point holds. Its terrible PR and political poison unless you want Donald Trump part 2. And bad policy because the long term capital tax rates are the real problem.
Click to expand...

You don't think that people advocating for 90% marginal tax brackets are also in favor of treating all income the same?
 
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