Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

[alfablue]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

This is the computer industries fault. In Computers (IT, phones, X-Box, etc.) we have built in implied obsolescense. That concept has now been put into Appliances in your home. Why? Cause then you have to buy a new one every 7 years. Why? Cause that's more profit.

Life and the sanctity of life has nothing to do with it. It's the profit motive that is destroying the country. And it's the 1% that is driving the profit motive. It's not about building a good product, making money, and giving a good life to your workers anymore. It's all about stock price and shareholders. Shareholders that don't know anything about a Microwave Oven, or Coffee Pot. All they know about is the balance on a spreadsheet.

And what is really sad about that- paying people a wage is one of the most driving things in our economy. All that money tied up in wall st does nothing to contribute to anything- other than IPO's, NONE of that money gets to companies so that they can invest into new stuff. It just gets traded over and over again.

Paying workers wages actually contributes to our consumer economy. And the 1% don't see the slow decline in the economy, they can't recognize that they will be the rulers of nothing.

China sees that making stuff is how countries build wealth.

 

[FlagDUDE08]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

And what is really sad about that- paying people a wage is one of the most driving things in our economy. All that money tied up in wall st does nothing to contribute to anything- other than IPO's, NONE of that money gets to companies so that they can invest into new stuff. It just gets traded over and over again.

Paying workers wages actually contributes to our consumer economy. And the 1% don't see the slow decline in the economy, they can't recognize that they will be the rulers of nothing.

China sees that making stuff is how countries build wealth.

I would tend to believe entrepreneurship is much more of a driving thing. Some believe they don't have the chops and would rather either be slave to someone else, or partner with someone that will benefit the product as a whole. This "1%" sees this "resignation to slavery" and takes advantage of it, because they know at the end of the day, those dependent will succumb.

 

[FlagDUDE08]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

I see the bill's delayed again. Wonder what's holding it up... they better not be trying to pull a fast one, like the PPACA...

 

[Kepler]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

I see the bill's delayed again. Wonder what's holding it up... they better not be trying to pull a fast one, like the PPACA...

They're scared.

On the one hand they know this is going to be horrifically bad for the middle class and unless they can anesthetize the entire country they will pay at the ballot box. On the other hand their donors are demanding this as the payoff for their hundreds of millions in bribes.

I'm curious: are you in favor of The Heist? Do you honestly not realize this is going to be the greatest redistribution of wealth from the middle class to the 1% since Reagan?

 

[FlagDUDE08]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

They're scared.

On the one hand they know this is going to be horrifically bad for the middle class and unless they can anesthetize the entire country they will pay at the ballot box. On the other hand their donors are demanding this as the payoff for their hundreds of millions in bribes.

I'm curious: are you in favor of The Heist? Do you honestly not realize this is going to be the greatest redistribution of wealth from the middle class to the 1% since Reagan?

As I stated previously, I would like to read the bill text at house.gov (or senate.gov) before I make any sort of judgement. I have found that summaries, especially from sales folk, are quite misleading. The actual bill is the great equalizer.

 

[Kepler]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

The Heist may be in trouble.

I'll believe it when I see it -- to the 1% this is the only significant legislation since we bailed them out in 2008. They aren't going to back off this and I don't see any sign that the GOP Senate has grown testicles.

But at least it isn't slipping through under cover of darkness.

Now IS the time to shout from the rooftops like Horton with his Whos. Once these f-cks steal that money it is gone, off to the Caymans and never to return. There's no getting it back. These thieves are professionals.

 

[ScoobyDoo]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

The Heist may be in trouble.

I'll believe it when I see it -- to the 1% this is the only significant legislation since we bailed them out in 2008. They aren't going to back off this and I don't see any sign that the GOP Senate has grown testicles.

But at least it isn't slipping through under cover of darkness.

Now IS the time to shout from the rooftops like Horton with his Whos. Once these f-cks steal that money it is gone, off to the Caymans and never to return. There's no getting it back. These thieves are professionals.

Hopefully there is no one over Trump's standard 35-40% that's stupid enough to believe in it.

 

[FadeToBlack&Gold]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

I'm curious: are you in favor of The Heist? Do you honestly not realize this is going to be the greatest redistribution of wealth from the middle class to the 1% since Reagan?

If it lowers taxes and spending, then our little faux Libertarian is balls-deep in it. Duh.

 

[mookie1995]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

corporate rates are really a kick in the bucket if you can work around that with actually inserting nuts and bolts into the reform side.


how about..... not allowing any salary to be deducted if it is 2x the average national salary? not allowing deduction of bonuses (any type) paid that are greater than 25% of the average national salary?

pocahontas needs to get on tv where she belongs and start beating the drum.

 

[alfablue]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

corporate rates are really a kick in the bucket if you can work around that with actually inserting nuts and bolts into the reform side.


how about..... not allowing any salary to be deducted if it is 2x the average national salary? not allowing deduction of bonuses (any type) paid that are greater than 25% of the average national salary?

pocahontas needs to get on tv where she belongs and start beating the drum.

How about all income is created equal. No lower tax rates for good guessing, treat unearned income as if it was earned. That would raise a LOT of money.

 

[dxmnkd316]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

I think we can get that in the next ten years. It greatly simplifies the tax code.

 

[FlagDUDE08]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

corporate rates are really a kick in the bucket if you can work around that with actually inserting nuts and bolts into the reform side.


how about..... not allowing any salary to be deducted if it is 2x the average national salary? not allowing deduction of bonuses (any type) paid that are greater than 25% of the average national salary?

pocahontas needs to get on tv where she belongs and start beating the drum.

Congratulations, you have just encouraged people to not work hard, because they're not going to see any benefit from it; it will simply be stolen from them.

 

[Kepler]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

I think we can get that in the next ten years. It greatly simplifies the tax code.

There is an army of Daemoniac, Cyclopean, Unutterable forces arrayed against it. The rich love their privileged tax status just as the nobles did before the French Revolution.

 

[joecct]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Use GAAP for corporations. Then take $1 million off the bottom line to encourage small business and tax the rest at a competitive rate.

I still think that abolishing all personal filing statuses other than single is the way to go. Include all sources of income in your taxable income. No deductions for "above the line" stuff.

Subtract $45,000 and tax the rest at 15% with a super rate of 25% for taxable incomes over a million.

 

[ScoobyDoo]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Use GAAP for corporations. Then take $1 million off the bottom line to encourage small business and tax the rest at a competitive rate.

I still think that abolishing all personal filing statuses other than single is the way to go. Include all sources of income in your taxable income. No deductions for "above the line" stuff.

Subtract $45,000 and tax the rest at 15% with a super rate of 25% for taxable incomes over a million.

Sure as long as that all includes FICA. If it doesn't then forget it.

 

[dxmnkd316]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

**** that regressive crap. The flat tax is a republican dream. Progressive is the only fair way to do taxes.

 

[joecct]

**** that regressive crap. The flat tax is a republican dream. Progressive is the only fair way to do taxes.

Remember that making it too complicated makes it the "Accountants and Lawyers Employment Act of 20xx." The well off can afford the accountants and lawyers. Everyone else gets the shaft.

Eliminating Schedule A in favor of a blanket $45K standard deduction serves part of the complications. If you have a 2 income household, your deduction is $90K. 3 spouses working? $135K.

 

[ScoobyDoo]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Remember that making it too complicated makes it the "Accountants and Lawyers Employment Act of 20xx." The well off can afford the accountants and lawyers. Everyone else gets the shaft.

Eliminating Schedule A in favor of a blanket $45K standard deduction serves part of the complications. If you have a 2 income household, your deduction is $90K. 3 spouses working? $135K.

Yes, as long as FICA is included. Otherwise it's just another giveaway to the rich.

 

[Kepler]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Subtract $45,000 and tax the rest at 15% with a super rate of 25% for taxable incomes over a million.

I counter with:

0%: 0 to median income (MI)
10%: MI to 2MI
20%: 2MI to 10MI
50%: 10MI to 100MI
90%: 100MI+

Everyone single filer.

No deductions, no exemptions, no write-offs, all income treated the same including gifts, inheritance, and exchange of anything of value as defined under FPCA, FAR and other federal statute. No caps, all revenue goes to the general fund, no separate accounts for any expenditure.

Any change to the tax code takes effect no less than 5 years after passage to allow transition.

Tax evasion above $1M punishable with a 100:1 ratio of punitive payments to recovery of base amount.

No bail for anyone arrested for evasion of taxes above $1M. Automatic assumption of flight risk.

In addition, 1% annual tax on all wealth above $100M. No exceptions.

 

[joecct]

I counter with {10 x median income, 10%, 50%, and 90% for over $10M}

The >$10M will have their lobbyists create a loophole that allows them to off shore their $$ to escape taxation. Or they'll relocate, like most of the European super rich to an off shore tax haven.

You want to keep the max effective rate somewhere south of 50%. North of that and the uber rich won't be paying.