1980s Fiscal Policy

The only deceit here is your intellectual dishonesty when trying to argue against a return to the tax policies pre-Reagan.

You sought to make your argument by simply adjusting everything for inflation, which is the laziest fucking way possible to do it, not to mention the most innacurate.

You tried to apply 1980's rates to 1980's incomes by using an inflation multiplier.

That's not how you can accurately determine what the revenue would be using 1980's rates applied to 2019 income.

Laziness is your dominant character trait.


Hey, I asked you to provide specifics as to what you would want the rates and income brackets to look like. All you said was "Go back to the fiscal policy of 1980". You said that was specific enough. So I used the the same exact income brackets and tax rates for 1980 and adjusted them for inflation just like you asked.

If you want something different than state it. Otherwise admit you were whipped like a slave and accept your name. Toby
 
By you using only an inflation multiplier? How so? The distribution of income in 2019 isn't the same as it was in 1980, and you know that. So you're choosing to omit that from your argument for the simplicity of just multiplying everything in 1980 by the same inflation multiplier.

Which is not the way to determine tax liability using 1980's policy applied to 2019 incomes.

So we must ask the question; why are you doing it that way?

The answer is because you don't know any other way to do it because no one taught you.

Well, then if you don't like the way I am doing it you can provide your OWN income levels to those same tax brackets. Otherwise you can go fuck yourself Toby. You aren't smart enough to be a house negro. You will always be in the fields
 
Hey, I asked you to provide specifics as to what you would want the rates and income brackets to look like. All you said was "Go back to the fiscal policy of 1980". You said that was specific enough. So I used the the same exact income brackets and tax rates for 1980 and adjusted them for inflation just like you asked.

Right, you applied 1980's incomes to 1980's tax rates and used an inflation multiplier...but what you didn't do was apply 2019 incomes, according to how they are presently distributed, to 1980's tax rates. Because the distribution of income from 1980 is different than 2019.

You completely ignored that because you either

a) couldn't quantify it

b) know that doing so will undermine your argument against it, or

c) didn't think of it.
 
Well, then if you don't like the way I am doing it you can provide your OWN income levels to those same tax brackets.

They're not my income levels, they're the income levels of today.

You acted lazily and sloppily because your mind is so small, it can't quantify that the income distribution of 1980 is different than that of 2019.

So why are you so lazy? What gives?
 
Well, then if you don't like the way I am doing it you can provide your OWN income levels to those same tax brackets. Otherwise you can go fuck yourself Toby. You aren't smart enough to be a house negro. You will always be in the fields

So after lazily making an argument you couldn't defend, you demand I accommodate you?

Go fuck yourself.
 
It is what I have said throughout Trump. Doesn't change that a lot of people have a lot of money in them to the point they are about a 6th of the US stock market's value. It is also why privatizing social security would be a mistake, but whatevers. Considering how many pension plans have gone belly up, an inflated value 401K is still better than an "Oops sorry you didn't retire before the thing went insolvent so this letter is all you are getting" letter from PBGC.

Pension plans have gone belly-up?

Not at all.
 
So after lazily making an argument you couldn't defend, you demand I accommodate you?

Go fuck yourself.

You are the one arguing for a different way of presenting the data. You go do it then.

Look I know you have benefitted from affirmative action your entire life and are used to using white guilt to get your way. But there are no short cuts with me Toby.

If you have a better way to present the data, I suggest you do so. Or you can go fuck yourself in the back of the bus
 
Hey, I asked you to provide specifics as to what you would want the rates and income brackets to look like. All you said was "Go back to the fiscal policy of 1980". You said that was specific enough. So I used the the same exact income brackets and tax rates for 1980 and adjusted them for inflation just like you asked.

Right, you are a lazy person who applied laziness to how you argue.

Your brain is simply not developed enough to do anything other than the very most base arithmetic.

But in doing that you've ignored 40 years of income disparity and distribution, so that the income distribution of 1980 is wholly different than the income distirbution of 2019. Since most of the income gains have been made at the top over the last 40 years, raising the marginal tax rates to what they were before that 40 year period started, to reclaim the revenue lost through tax cuts, would result in much higher effective tax rates on the wealthy.

Remember, $70K a year in is the 75th income percentile.

Back in 1980, what income percentile was $70K a year?
 
Look I know you have benefitted from affirmative action your entire life and are used to using white guilt to get your way. But there are no short cuts with me Toby.

You took the shortcut yourself, you lazy prick, when you just used an inflation multiplier.

So your style of debate seems to be to commit yourself to bad faith, then accuse others of doing what you just did.
 
If you have a better way to present the data, I suggest you do so. Or you can go fuck yourself in the back of the bus

1. What data?

2. Just because I haven't posted a way yet doesn't mean the way you posted is correct or credible.

3. Why did you choose to be so lazy?
 
LOL. It is why they are desperately trying to get the multi-employer pension act reform pushed through congress. Current law allows them to say "Sucks to be you"

They're not trying to push that through Congress.

The issue with pensions has nothing to do with their performance and everything to do with Conservatives trying to make an argument over 50-year liabilities.
 
You took the shortcut yourself, you lazy prick, when you just used an inflation multiplier.

So your style of debate seems to be to commit yourself to bad faith, then accuse others of doing what you just did.

Adjusting for inflation is a perfectly acceptable method of displaying incomes. If you want different brackets, then you come up with them. There was nothing wrong with how I displayed the data. It is a representation of what 1980s income would look like adjusted for inflation.

Don't like it, do it another way.

I am invoking my white privilege on you Toby. You will do as I command
 
LOL. It is why they are desperately trying to get the multi-employer pension act reform pushed through congress. Current law allows them to say "Sucks to be you"

Also, half of all Americans don't have a 401k.

Less than a third of all households hold at least $10,000 in stocks, compared to 93 percent of those households in the top 1 percent.

The wealthiest 10% of Americans own 84% of the stock.

The average amount a 55-year old worker has in their 401k is just $178,000.

401k's were great at inflating the market, but they have not performed better than pensions have historically, and are much more susceptible to market collapses...like what happened in 2008, and 1989, and 1982, and...
 
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