https://thehill.com/homenews/administration/3889523-biden-set-to-unveil-more-than-2-trillion-in-tax-hikes-in-budget/
You all be careful what you wish for. Here see that the rich will get killed, as far as they are concerned. Yes they will still be rich. Californians will be increased to a total tax in the 60% range, I will not bore you with links or numbers, but common sense will tell you that they will not see any percentage in making investments. Obviously. So, Why risk their situation? And consider that all of them, stopping investments, will cause business to slow, and the market and your portfolios will tumble.
It is good for some of you, who know how to get free stuff. That is all a lot of people think of... Tax the rich, live off govt. Sounds easy? People who think like this will lose big time.
BTW, this is the government arena where Biden is inept, void of economics, never learned that taxing does not do the trick.
But, that trash mouth. dyed hair, rich pompous Trump-who-took-some-files-home knows a LOT about money and financing. A lot . …Maybe genius level. So, bad breath and all, let’s bring him to advise Biden?
Just a thought. And I doubt he would asked to be paid.
@averagejoe1 saidThe golden age of capitalism saw tax rates for the highest income twice as high, to keep money in the pockets of the middle class. Not the oligarchs.
https://thehill.com/homenews/administration/3889523-biden-set-to-unveil-more-than-2-trillion-in-tax-hikes-in-budget/
You all be careful what you wish for. Here see that the rich will get killed, as far as they are concerned. Yes they will still be rich. Californians will be increased to a total tax in the 60% range, I will not bore you with links or numbers, but comm ...[text shortened]... hink of... Tax the rich, live off govt. Sounds easy? People who think like this will lose big time.
@averagejoe1 said"the rich will get killed, "
https://thehill.com/homenews/administration/3889523-biden-set-to-unveil-more-than-2-trillion-in-tax-hikes-in-budget/
You all be careful what you wish for. Here see that the rich will get killed, as far as they are concerned. Yes they will still be rich. Californians will be increased to a total tax in the 60% range, I will not bore you with links or numbers, but comm ...[text shortened]... hink of... Tax the rich, live off govt. Sounds easy? People who think like this will lose big time.
"killed"
"I will not bore you with links or numbers"
Yeah, actual evidence to the claims we're making is boring.
Also No1Marauder is getting bored debunking your crap, it's good you're making him work harder by not even giving him a starting point. Keeps him on his toes and fit.
"And consider that all of them, stopping investments"
Yeah, i bet the rich will stop investing. Just like they did when Eisenhower put a 90% tax (marginal ofc)
"and the market and your portfolios will tumble."
Yes, I am sure all those americans living paycheck to paycheck will be destroyed when their 0 stonks fall in this fictional and dumb scenario you invented
"Tax the rich, live off govt"
Yes, that's what the people working 2-3 jobs to survive want. To live off the government.
@averagejoe1 said"I have done it. Biz 102."
Bankruptcy is a tool, slanthead. Some people buy businesses with the full intent to bankrupt them and re-organize. I have done it. Biz 102.
First of all, you haven't done jack. You're a liar and a hilariously bad one at that.
Secondly, it's funny you praise asholes using bankruptcy loopholes to make money when you constantly whine about social programs because some will just abuse them. You just did in this very thread: "You can't help the poor because some poor will abuse it and live off the government ". You and asholes like you complain about the mythical"welfare queen", about junkies using any food stamps for children on drugs, and so on.
But Trump and other billionaires are awesome for figuring bankruptcy laws can be used to skip on paying their debts.
Some are parasites and others are savvy business geniuses. Gotcha
@averagejoe1 saidBankruptcy is a welfare program.
Bankruptcy is a tool, slanthead. Some people buy businesses with the full intent to bankrupt them and re-organize. I have done it. Biz 102.
It takes from others and gives to you.
Most bankruptcies are 30-40 somethings who racked up credit card debt like irresponsible idiots.
@wildgrass saidYou are conflicted You are all for welfare programs, but NOT for bankruptcy , which you say is a welfare program?!?!?!???
Bankruptcy is a welfare program.
It takes from others and gives to you.
Most bankruptcies are 30-40 somethings who racked up credit card debt like irresponsible idiots.
Oh Wildgrass, all of you fellers are falling like pheasant at a pheasant shoot.