Conservatives want to raise taxes and kill SS and Medicare

QP! said:
There is a reason that taxes on Investment Income are lower than taxes on Wages and that reason is 'the rich make most of their money, typically, on Investment Income'. It makes far more sense to tax Investment Income higher as there is no labour component and its just making money with money, but the rich have to get their breaks so they can pay less, percent wise than EVERYONE else.

And there is a reason now, they want to move to this National Sales tax. That is because the vast majority of MC income goes to spending on things that would be captured by this National Sales tax. Whereas as only a tiny minority of the Wealthy's income goes to spending on things that would be captured by this National Sales tax. So while a MC and below person may end up consumer spending ~80% of their income on things that are taxed 30%, the super wealthy might spend less than 1% of their income and that would be taxed at 30%.

A great win for the uber rich, if they can get it. Yet another shift of the countries tax burden to the MC and below while letting the uber rich pay less taxes as a percentage than EVERYONE else, all the while right leaning Derps applaud it like seals.
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You forget the rich buy a lot of stuff too. More than you do. They buy it to run their factories and businesses as well as their luxury items.
 
LV426 said:
You're right...capitalism needs socialism to bail itself out, not the other way around.
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Socialism doesn't create wealth, dumbass. It steals it.
Only capitalism creates wealth.

Socialism requires capitalism to create the wealth that socialism steals.

Capitalism doesn't need 'bailing out'.
 
Into the Night said:
You forget the rich buy a lot of stuff too. More than you do. They buy it to run their factories and businesses as well as their luxury items.
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I don't forget that. The facts are that the richer you are the smaller a percent of your earnings go purchases. Poor people spend almost 100% of their income on daily consumption items and therefore nearly 100% of their income would be subject to this 30% tax.

The ultra rich pay a tiny percent, comparatively, which is what matters.

The uber rich need to be taxed on 100% of their income at whatever rate society decides. Not 30% on sales tax that equates to 5% or 1% of their total income.

Especially when the uber rich will then just avoid all bigger purchases in the US to duck that tax even more easily.
 
Into the Night said:
You forget the rich buy a lot of stuff too. More than you do. They buy it to run their factories and businesses as well as their luxury items.
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Those are called tax deductible business expenses which can be depreciated. Are you gonna pay 23% tax on a new car, or maybe a house? People will put off or eliminate big ticket expenditures and send this country into depression, Einstein.
 
Yakuda said:
Its not the only possible solution you dimwitted donkey dick sucking maggot. A national sales tax would result in EVERYONE paying taxes but you lying pieces of shit hate that. Go fuck yourself Cinderella
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What tax are you gonna pay on a house or a car, snookums?
 
floridafan said:
Those are called tax deductible business expenses which can be depreciated. Are you gonna pay 23% tax on a new car, or maybe a house? People will put off or eliminate big ticket expenditures and send this country into depression, Einstein.
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Oh...so NOW you are starting to argue for exceptions to the sales tax! Now you are backpedaling.
 
Into the Night said:
Oh...so NOW you are starting to argue for exceptions to the sales tax! Now you are backpedaling.
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No exceptions honey bunch, the housing market will go belly up, along with the auto markets and a whole lot more of other businesses. You will be watching a major depression in progress, solely because you are too ignorant to understand anything about our economy.
 
LV426 said:
The purpose of socialism isn't to create wealth, it's to provide equal access.
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I will call this argument 1. Capitalism ALREADY HAS equal access.
LV426 said:
Nope.
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I will call this argument 2. You are now locked in paradox. You are being irrational. You have not cleared your other paradox either.
LV426 said:
Except the exact opposite happens.
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Redefinition fallacy.
LV426 said:
It needed a bailout just 2 years ago.
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Capitalism doesn't need bailouts. Socialism does.
 
floridafan said:
No exceptions honey bunch, the housing market will go belly up, along with the auto markets and a whole lot more of other businesses. You will be watching a major depression in progress, solely because you are too ignorant to understand anything about our economy.
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Paradox. You are denying your own argument again.
 
By now, I think we all know why the toothless cretins who need an enhanced social safety net the most nonetheless vote republican.
Republicans don't bust a gut laughing at them like we do.
 
floridafan said:
Not ast all sweet pea, I am just demonstrating what happens to a poorly thought out idea.
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ITN does that whenever their argument runs into a wall.

Instead of defending their argument, they come up with excuses for why they won't.

But the thing is that's so transparent, so they're not really fooling anyone.
 
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