k

Taxing the very rich hasn't worked

It's decreased jobs

I wanna see this after he types his paragraph

Ronald Reagan's trickle down plan created millions of jobs

"Trumped-up trickle down" lmao

lmao

Why do libs say that was a disaster

I really don't know

So, economics is clear: taxing normally is not good for the economy. You just take money out of the market, and more often than not it doesn't do enough good to overcome the opportunity cost of that loss. However, there is a difference between theory in practice. The rich don't always use their money to help the economy. More often than not they just sit on it and buy more for themselves. It becomes necessary, therefore, for the government to tax them a little, to use the money the way the rich should use it on their own. Also, some social services are needed in every nation and need funding. The rich can sacrifice a seventh house to help out people. So, my ideal tax system is for no taxes on poor and middle class, decent taxes on the rich, and low taxes on corporations and businesses.

Bill clinton took credit riding off of Reagans economy

@LOTR_1 Why not low taxes for everyone

Why become rich if you're going to get taxed to shit

Where is the motivation to get wealthy

You shouldn't dilute someone's hard work to everyone else

Because its not like we make them poor as rats for being rich lmao.

they are still incredibly well off.

With your plan

We'd eventaully tax humongous amounts

Because humans are inherently greedy

The rich would no longer be rich

Because everyone would be the same

Then everyone is poor

Money has no value

No one creates jobs

The US falls

And it collapses with nothing left but communism

Like the great Mao did to China

Build

That

Wall

WALL

I rather put money towards a wall than global warming funding

Fix global warming funding

35% corp taxes 🤢

Waste of money

Taxes suck

Tim Cook yearly income: $10.3 million. 30% tax takes $3 million roughly. Leaves the poor guy with 7 million a year. So poor.

The rich are rich because they outplayed other people in the socioeconomic ladder, why is it their job to pick up the slack for people that failed at adulthood?

Air is cleaner right now than it was in 1990

@Boethiah Finally someone gets it

Why would we spend even more

Why dillute someone's wealth when they just achieved it

Doesn't seem very motivating

Considering that China and India puts off more in a week than we do in a year

Most of the rich, including Trump, just inherited it from daddy

Their dads worked hard?

You can always trace money back to hard work SOMEWHERE

they probably inherited it too lol

Right, a starting loan magically becomes an empire out of nowhere. How deluded can you be lmao

but I'm not saying we take it away

We should take an even amount away from everyone

God forbid anyone inherit anything

God forbid someone is allowed to leave their children something

I inherited my grandfather's gun collection

Was gr8

No where did I say wealth needs to be destroyed. They get to stay very rich no matter how they made it.

Hey someone give me 100 bucks so I can run a business chain that spans the world real quick, it's easy as that apparently

Trump had a million

A small loan of a million tiny pennies

Also what people don’t understand is that even inheritance takes a lot to maintain

A million turned into billions

That's no easy task lmao

Stock assets require constant eyeing

Trump had amillion and runs far more than one worldwide chain, I scaled it down to fit the loan

I didn't say he didn't work hard

Also what people don’t understand

Saying he just inherited it is saying he didn't work for it

And no where did I say the rich don't deserve their money

Is that the standard loan for a startup business is a hundred thousand

And most fail

I'm not saying anything like 70% tax lmfao, 25-30% hardly leaves a dent in their wealth.

Man turned a million into 6 billion

With 120 following businesses

They are already taxed 34%

Just on federal

You know rich people were taxed to shit under oba,ma

Like 50%

Not counting state and local

Ah, the loopholes are the killer

they put their money offshore and don't pay any tax on it

God forbid people get discounts for donating to cancer research

And other charities

the Cayman Islands is a charity?

Things that will increase the PR of their company

Why don't those charities just inherit the money like lmao use your brain charities

Fix the loophole if you don’t like the Cayman Islands scheme

Don’t increase taxes on those that don’t use it

To fill the gap of those that do

Loopholes is the main issue yes

So why increase taxes?

We don't have to increase them that much, if at all. I'm not an expert on the current supply and demand here, so I can't put out exact percentages.

How about we cut off welfare to all that aren't physically disabled and use the revenue from that instead

I bet people will stop pumping out children they can't afford real quick when the free food for them stops flowing and they have to face their hungry faces

foreigners shouldnt get government dole

refugees shouldnt get free gov funded houses either

It's not just foreign, sadly plenty of domestic leeches too

tbh i want to just abolish the benefits system entirely

There are some cases where it's needed like people actually crippled especially those that had it happen in the line of duty for our country ie military/police/firefighters

Anyone able bodied or calling being a fatass a disability should be cut off cold turkey