Make America Great Again by bring back the top tax rate from 1950
Gringopolarbear on
By “work,” you mean buy up the media, the administration and politicians, and as much property as possible in order to enslave and subjugate the 99%? Fuck all of them.
AdhesivenessCivil581 on
Let them deduct any money they spend cleaning up our messy country.
JustSomeone3131 on
We need a tax on unrealized gains.
Corporations should be required to attribute to individual stockholders earnings which are not paid out as dividends. That is, when the corporation sends out a dividend check, it should also send a statement saying, “In addition to this dividend of _______cents per share, your corporation also earned ________ cents per share which was reinvested.” The individual stockholder should then be required to report the attributed but undistributed earnings on his tax return as well as the dividend.
mrpickleby on
And make an AMT that covers capital gains or it’s just lip service.
red-dear on
Good thing we don’t have an income tax or that would disincentivize anyone from wanting to get a job.
inquisitiveeyebc on
10m isnt enough, 600m maybe to much but go ahead and tax billionaires, they will literally take their money and their jobs to somewhere people are hungrier, more desperate and dont care.
We are a spoiled society, unions helped us get to where it was safe to go to work and where we could make a decent living. The flip side of that is that also drove up prices because manufacturers and distributors knew we could afford their products but also meant they could increase their prices to keep profit margins.
We need unions, yes there are some company owners who treat employees with respect, equity, dignity and compassion but most would push you into a Pit for a dollar and blame you for being to close to the pit.
ginrumryeale on
*This guy doesn’t get it.* Going after **earned income** almost completely misses the wealth of the Billionaire class.
Billionaires and the ultra wealthy don’t necessarily report huge amounts of taxable **income** (eg over $10 million). They’re people who have huge amounts of **unrealized capital gains** (eg stocks and other financial instruments), and they bankroll their personal cash flow by borrowing from banks using these non-income “paper” assets as collateral.
Any major taxable income is avoided through offshore tax havens and shell corps.
And before they die they create their own charitable organizations (the boards of which they sit on and enjoy the high end corp perks of the position) and other trusts to avoid inheritance taxes.
So any approach to taxing ultra wealthy and billionaires has to attack unrealized capital gains and offshore tax havens, and not just W-2 statements of earned income that ordinary salaried workers are beholden to.
dtwild on
I support a 99% wealth tax on anyone who currently has more than 1 billion dollars in assets. We can redistribute their stock portfoloio to the employees of the corporations that work there.
SCWickedHam on
The “then they won’t work” argument doesn’t make sense to me. I don’t want them to work. I want 10 plumbing businesses in town, not one. I am glad they aren’t incentivized to keep growing. That is an issue with corporations. Their goal is growth. Not to a certain point. Just growth. What is that number that some outwear company relies on for its business structure? Every department has 300 people, so everyone knows everyone else. Everyone feels accountable because they are people, not numbers. We are not designed for cities of millions or multi-national corporations run by men worth $500B not paying taxes while using tax dollars to grow their wealth.
Interesting-Long-534 on
I don’t even consider the people with $10 million to be the problem. Lots of family farmers are worth that or more. This is a way of looking like he is doing something. It has no chance to advance. He knows it is all for show. He is probably up for reelection.
ndndr1 on
95%. That’s crazy. Also does nothing against billionaires since their wealth is in stocks and land and stuff.
Affectionate_Stage62 on
Amen!
ApeApplePine on
Absolutely!!! No billionaires should exist. No extremely rich people should exist. Companies should exist to a public service reason. For a social reason. Never sole for profits!!
_TheBeerBaron_ on
Just so long as “earned” includes not only income, but interest, dividends, and capital gains.
WorldFrees on
Give prizes out to the people and companies who give the most taxes and do a parade for them or something.
WhatsATrouserSnake on
Every year they should yeet the 10 richest people into a volcano.
They can avoid being yeeted by being more philanthropic than their peers.
The least philanthropic get yeeted and all their wealth gets distributed into society and spent on education and healthcare.
PartyFancy3634 on
How much more corrupt would the government get if they get a lot more in taxes? It’ll fuel Trump’s bs. It’s a lose lose. Lol but not lol.
19 Comments
Tax d rich, free d poor
Make America Great Again by bring back the top tax rate from 1950
By “work,” you mean buy up the media, the administration and politicians, and as much property as possible in order to enslave and subjugate the 99%? Fuck all of them.
Let them deduct any money they spend cleaning up our messy country.
We need a tax on unrealized gains.
Corporations should be required to attribute to individual stockholders earnings which are not paid out as dividends. That is, when the corporation sends out a dividend check, it should also send a statement saying, “In addition to this dividend of _______cents per share, your corporation also earned ________ cents per share which was reinvested.” The individual stockholder should then be required to report the attributed but undistributed earnings on his tax return as well as the dividend.
And make an AMT that covers capital gains or it’s just lip service.
Good thing we don’t have an income tax or that would disincentivize anyone from wanting to get a job.
10m isnt enough, 600m maybe to much but go ahead and tax billionaires, they will literally take their money and their jobs to somewhere people are hungrier, more desperate and dont care.
We are a spoiled society, unions helped us get to where it was safe to go to work and where we could make a decent living. The flip side of that is that also drove up prices because manufacturers and distributors knew we could afford their products but also meant they could increase their prices to keep profit margins.
We need unions, yes there are some company owners who treat employees with respect, equity, dignity and compassion but most would push you into a Pit for a dollar and blame you for being to close to the pit.
*This guy doesn’t get it.* Going after **earned income** almost completely misses the wealth of the Billionaire class.
Billionaires and the ultra wealthy don’t necessarily report huge amounts of taxable **income** (eg over $10 million). They’re people who have huge amounts of **unrealized capital gains** (eg stocks and other financial instruments), and they bankroll their personal cash flow by borrowing from banks using these non-income “paper” assets as collateral.
Any major taxable income is avoided through offshore tax havens and shell corps.
And before they die they create their own charitable organizations (the boards of which they sit on and enjoy the high end corp perks of the position) and other trusts to avoid inheritance taxes.
So any approach to taxing ultra wealthy and billionaires has to attack unrealized capital gains and offshore tax havens, and not just W-2 statements of earned income that ordinary salaried workers are beholden to.
I support a 99% wealth tax on anyone who currently has more than 1 billion dollars in assets. We can redistribute their stock portfoloio to the employees of the corporations that work there.
The “then they won’t work” argument doesn’t make sense to me. I don’t want them to work. I want 10 plumbing businesses in town, not one. I am glad they aren’t incentivized to keep growing. That is an issue with corporations. Their goal is growth. Not to a certain point. Just growth. What is that number that some outwear company relies on for its business structure? Every department has 300 people, so everyone knows everyone else. Everyone feels accountable because they are people, not numbers. We are not designed for cities of millions or multi-national corporations run by men worth $500B not paying taxes while using tax dollars to grow their wealth.
I don’t even consider the people with $10 million to be the problem. Lots of family farmers are worth that or more. This is a way of looking like he is doing something. It has no chance to advance. He knows it is all for show. He is probably up for reelection.
95%. That’s crazy. Also does nothing against billionaires since their wealth is in stocks and land and stuff.
Amen!
Absolutely!!! No billionaires should exist. No extremely rich people should exist. Companies should exist to a public service reason. For a social reason. Never sole for profits!!
Just so long as “earned” includes not only income, but interest, dividends, and capital gains.
Give prizes out to the people and companies who give the most taxes and do a parade for them or something.
Every year they should yeet the 10 richest people into a volcano.
They can avoid being yeeted by being more philanthropic than their peers.
The least philanthropic get yeeted and all their wealth gets distributed into society and spent on education and healthcare.
How much more corrupt would the government get if they get a lot more in taxes? It’ll fuel Trump’s bs. It’s a lose lose. Lol but not lol.