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

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

^^^^^^^^^^^^

And why this is so difficult to understand boggles my mind.

A deliberate program of obfuscation lasting 50 years, putting the right books into public libraries, financing the right think tanks pushing out "studies" and guidance for political organizers, employing the right pundits on Tee Vee, and screaming like a stuck pig whenever anybody has the temerity to suggest this is all just a 1% Newspeak program to literally remove concepts from people's imagination.

The 1% was actually eroded a tiny bit from the 1930s through the 1970s, and they've been busy making sure that will never happen again. Their mistake through the 1920s was to inculcate their ideology only in the children of the rich. They didn't account for democratic processes like voting. So their next plan was to plant these thought-terminating cliches in the minds of millions of middle class and poor voters.

Sic honestly believes he's being fair. He's not rich, he's not doing this for himself, he's doing it for the same reason we're supporting our priorities -- he thinks it's right.

That is the great ideological victory of the 1% for the last two generations. They have fooled Sic, a decent and smart person.

The only way to stop that is to keep chipping away at the programming, keeping speaking the truth. I believe in people like Sic. In the long run I believe smart and good people will suss out the bullsh-t, taste the bit in their mouth, and spit it out.
 
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Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

It is much more fair to take 500 million dollars from a billionaire than 100 dollars from 5 millions paupers.

Again, is that income or wealth taxation you're proposing?

Not many (none?) 1040s come in with $1,000,000,000.00 on line 37.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Again, is that income or wealth taxation you're proposing?

Not many (none?) 1040s come in with $1,000,000,000.00 on line 37.

They do a great job of hiding it. We can start by treating Capital and Labor the same. We treat labor like dirt in this country.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Repeated generational wealth transfer is "fair" guys!
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Sic honestly believes he's being fair. He's not rich, he's not doing this for himself, he's doing it for the same reason we're supporting our priorities -- he thinks it's right.

I know guys with serious seven digit "line 37" numbers.
I know guys well under $50k on line 37.
I'm somewhere in between.

I'd like to know everyone has skin in the game.

In my 9% plan,
- those who made a million and fifty last year (to make math easier ;) ) will pay $90k.
- those who made say 150k last year pay $9000.
- those who made 50k pay ... nothing.

I'm good with that.
My happiness comes from my income, not from sticking a higher rate on someone who made more than me.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Stepwise rate on income brackets based on multiples of median income, say 0% below 1MI, 10% at 1MI, 20% at 21MI, 50% at 101MI, 90% at 1001MI. All income counted the same.

A flat annual wealth tax above some x, say 1% above $100M. All wealth counted the same.

I'm not sure I like the annual wealth tax. I do think the estate tax is a good thing.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

I know guys with serious seven digit "line 37" numbers.
I know guys well under $50k on line 37.
I'm somewhere in between.

I'd like to know everyone has skin in the game.

In my 9% plan,
- those who made a million and fifty last year (to make math easier ;) ) will pay $90k.
- those who made say 150k last year pay $9000.
- those who made 50k pay ... nothing.

I'm good with that.
My happiness comes from my income, not from sticking a higher rate on someone who made more than me.

Try living in this society on $50k a year. They have skin in the game and we're <strike>asking for</strike> demanding a lb more in flesh.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

If you want your definition of "fair" why are you exempting the first $50k?

We want a fair distribution of pain. Being taxed on the 9,999,950th dollar is far less painful than being taxed on the 1st dollar or the 50,000th dollar. There is a marginal return of pain.

It is much more fair to take 500 million dollars from a billionaire than 100 dollars from 5 millions paupers.

And when you run out of billionaires to steal from, then what are you going to do?
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Try living in this society on $50k a year. They have skin in the game and we're <strike>asking for</strike> demanding a lb more in flesh.

It's more than easy enough to live on 50k a year. Heck, in Central NY, you could easily do it on 30.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

I think 1% is more than fair and I like it.

Too much extra filing. Getting appraised on a house every year? Having to account for all of the luxuries a person has at home and get those appraised? Sorry, I don't think that's feasible. Death is a one-time event. Easy to calculate everything at that point.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Again, is that income or wealth taxation you're proposing?

Income: 0% below 1MI, 10% at 1MI, 20% at 2MI, 50% at 10MI, 90% at 100MI. All income counted the same.

Current MI is $60k so for 2017 that would be:

0%: 0 - $60,000
10%: $60,000 - $120,000
20%: $120,000 - $600,000
50%: $600,000 - $6,000,000
90%: > $6,000,000

Wealth: 1% above $100M. All wealth counted the same.
 
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Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Too much extra filing. Getting appraised on a house every year? Having to account for all of the luxuries a person has at home and get those appraised? Sorry, I don't think that's feasible. Death is a one-time event. Easy to calculate everything at that point.

With wealth filing you eliminate the need for income filing. Income is just the delta between wealth filings.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Income: 0% below 1MI, 10% at 1MI, 20% at 21MI, 50% at 10MI, 90% at 100MI. All income counted the same.

Current MI is $60k so for 2017 that would be:

0%: 0 - $60,000
10%: $60,000 - $120,000
20%: $120,000 - $600,000
50%: $600,000 - $6,000,000
90%: > $6,000,000

Wealth: 1% above $100M. All wealth counted the same.

I'm on board with this one 100% .
 
I know guys with serious seven digit "line 37" numbers.
I know guys well under $50k on line 37.
I'm somewhere in between.

I'd like to know everyone has skin in the game.

In my 9% plan,
- those who made a million and fifty last year (to make math easier ;) ) will pay $90k.
- those who made say 150k last year pay $9000.
- those who made 50k pay ... nothing.

I'm good with that.
My happiness comes from my income, not from sticking a higher rate on someone who made more than me.

And the federal government would cease to exist because you'd collect enough money to cover interest on the debt and maybe part of social security. No more military, though.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Try living in this society on $50k a year.

So, in a free society you have two choices:
- take action to increase your income
- take action to lower your expenses

I have a bunch of $40k/year jobs available right now.
The city they're in you'll live more than comfortably (and as a bonus they're in a no state income tax state).
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

And the federal government would cease to exist because you'd collect enough money to cover interest on the debt and maybe part of social security. No more military, though.

Why would we keep social security? We survived quite well until the central bank came around and beefed up markets only to tank it.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

And the federal government would cease to exist because you'd collect enough money to cover interest on the debt and maybe part of social security. No more military, though.

YMMV on the _ for the rate percent. I used Herm Cain's 9 to tweek the room. I realize it'd be deep teens at best.
 
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