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POTUS 45.22 - The Genius of Donald Trump

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Re: POTUS 45.22 - The Genius of Donald Trump

I guess I can understand why people might buy into the latest iteration of The Trickle Down Promise. But they should first be required to check the box that says "If I am a middle or lower class citizen, I understand I am voluntarily and royally f cking myself over for the benefit of that one percenter behind the curtain."
 
Re: POTUS 45.22 - The Genius of Donald Trump

I'm with the concept that cap gains or interest should be income just like W2; however, if income is all equal, tax it all the same, meaning one rate (or at most my two rates). Otherwise it just looks like jealousy ("class envy") that someone is making more than you.

I sit on a board of directors where the CEO and CFO and CIO (and a couple others in the structure) of the company make more income than me annually (in my day job). I don't begrudge them that. Hell, their pay raises are approved by the board I'm on. I chose my work path; they chose theirs; they earn what they earn.
 
Re: POTUS 45.22 - The Genius of Donald Trump

Deutsche Gopher Fan said:
Such patriots.
Republicans in house start to call for mueller to resign.

http://thehill.com/blogs/floor-acti...r-calls-for-mueller-recusal-over-uranium-deal
Click to expand...

Well we know he isnt Republican enough for them because he dared to actually investigate Trump. None of those clowns have the sack to even criticize the Thief in Chief.

That Party and its supporters/defenders are about as Un-American as it gets these days.
 
Re: POTUS 45.22 - The Genius of Donald Trump

The Sicatoka said:
I'm with the concept that cap gains or interest should be income just like W2; however, if income is all equal, tax it all the same, meaning one rate (or at most my two rates). Otherwise it just looks like jealousy ("class envy") that someone is making more than you.

I sit on a board of directors where the CEO and CFO and CIO (and a couple others in the structure) of the company make more income than me annually (in my day job). I don't begrudge them that. Hell, their pay raises are approved by the board I'm on. I chose my work path; they chose theirs; they earn what they earn.
Click to expand...
Can I choose to inherit a billion dollars? Or to be born with some type of nepotistic connections that get me a CEO position? Because if not this entire argument falls apart quickly.
 
trixR4kids said:
Can I choose to inherit a billion dollars? Or to be born with some type of nepotistic connections that get me a CEO position? Because if not this entire argument falls apart quickly.
Click to expand...

I'm a director, just last week I turned down the chance to be on the board of my fortune 10 company!
 
The Sicatoka said:
If all income is equal, why is some it taxed more heavily in what you call a "progressive" system. Not treating equal as equal doesn't sound progressive at all.
Click to expand...

Because the utility of the millionth dollar is less than the utility of the 500th. Adam Smith understood this 300 years ago, it's amazing today's Republicans still do not.
 
Re: POTUS 45.22 - The Genius of Donald Trump

The Sicatoka said:
Otherwise it just looks like jealousy ("class envy") that someone is making more than you.
Click to expand...

This is ridiculous on the face of it, but I've already answered it. Taxes are necessary and the marginal pain advantage of taking a dollar from a billionaire over a pauper is unassailable.

The other advantage is the more you diminish inequality the more you grow the middle class and the economy as a whole. Inequality leads to the impoverishment of almost everyone and eventually to violence and the impoverishment of everyone. That's why democracy evolved from feudalism and not the other way around.
 
Re: POTUS 45.22 - The Genius of Donald Trump

And it is all treated equally. If somehow next year I manage to get an extra $150,000, it will be taxed exactly the same as anyone else's $150,000
 
Re: POTUS 45.22 - The Genius of Donald Trump

trixR4kids said:
Can I choose to inherit a billion dollars? Or to be born with some type of nepotistic connections that get me a CEO position? Because if not this entire argument falls apart quickly.
Click to expand...

Your first question says you want to tax assets, not income, or did you answer that question already.

Your second question sniffs of jealousy.
Rather than complain about the nepotism (which I'll admit is real, see: "Ivy League connections"), start your company and run the nepotism shop out of business*. :)


*Nepotism shops (at least the small businesses) I've seen fail because the kids just can't do what the prior generation did.
 
Re: POTUS 45.22 - The Genius of Donald Trump

What difference does it make whether jealousy is the root cause or not? The point is you can't just become a CEO via hard work or life choices, you need connections that you're either born with or acquire through complete luck, neither of which should entitle you to not having to pay more taxes.
 
Re: POTUS 45.22 - The Genius of Donald Trump

unofan said:
Because the utility of the millionth dollar is less than the utility of the 500th.
Click to expand...

The millionth dollar alone buys a can of Coke.
The five hundredth alone buys the same can of Coke.

The difference?
The millionth with it's 999,999 friends puts up the new factory building.
Hand the millionth to the Feds, does that factory get built?
 
Re: POTUS 45.22 - The Genius of Donald Trump

The Sicatoka said:
The millionth with it's 999,999 friends puts up the new factory building.
Click to expand...

Except it didn't work.

We've been under trickle down for the 37 years since 1981 and all it did was destroy the Middle Class.

It was an interesting idea, and it failed spectacularly.

The rhetoric was fresh in 1980 and it looked like it could work. It seemed plausible. But now we know it's just another failed hypothesis. It just does not work.
 
Re: POTUS 45.22 - The Genius of Donald Trump

If demand warrants it then yes it does get built. And there's no proof that them paying less taxes means more factories gets built and we have thirty years of evidence to prove that.

Are you really stupid enough to believe trickle down economics or are you just arguing that because you know it directly affects you?

The Sicatoka said:
You can become a CEO. Start your company; build it; win.
Click to expand...
Ok, you're trolling. I get it.
 
Re: POTUS 45.22 - The Genius of Donald Trump

Kepler said:
It seemed plausible. But now we know it's just another failed hypothesis. It just does not work.
Click to expand...

Just as all the "People's Republics of ___" of the Soviet block have gone away.

Capitalism is the worst economic system out there, except for all the others.
 
Re: POTUS 45.22 - The Genius of Donald Trump

Kepler said:
Except it didn't work.

We've been under trickle down for the 37 years since 1981 and all it did was destroy the Middle Class.

It was an interesting idea, and it failed spectacularly.

The rhetoric was fresh in 1980 and it looked like it could work. It seemed plausible. But now we know it's just another failed hypothesis. It just does not work.
Click to expand...
Not to mention the people that came up with it have admitted that they knew it wasn't actually going to work all along. At this point Sica is basically just the Frauddy of trickle down economics rather than Jade Helm.
 
Re: POTUS 45.22 - The Genius of Donald Trump

I'm not trolling.
I'm telling you don't make my mistakes.

I should've started my own business long ago.
I only realize it now.
 
Re: POTUS 45.22 - The Genius of Donald Trump

The Sicatoka said:
Just as all the "People's Republics of ___" of the Soviet block have gone away.

Capitalism is the worst economic system out there, except for all the others.
Click to expand...

We had capitalism and 90% top marginal rates and tons of regulation all through the '40s and '50s and '60s and '70s and this country was great for more and more people every year.

We've had The Milton Friedman Paradise of capitalism and tax holidays for the rich and deregulation in the '80s and '90s and '00s and '10s and this country is great for fewer and fewer people every year.

I know which country I want to live in.

I don't care about theory anymore. I care about what works.
 
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