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  1. #46
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    Quote Originally Posted by Sluggo1 View Post
    Quote Originally Posted by Crovash View Post
    You got one of the five ASSumptions correct (cheer up though; 20% is way better than your average).
    Oh sure. Only one.
    Well, I guess you could count my social security benefits as a “pretty hefty pension” (regardless of the fact that I contributed to social security every single year from 1969 to 2020 in order to support folks older than I when they retired, largely those in “the greatest generation”).

  2. #47
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    Quote Originally Posted by Blue6 View Post
    The 1% pays 35% taxes? How often do they change your diapers at the facility? Food good I hope?
    Yeah it cracks me up every time they say that , loopholes should be completely removed.

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  3. #48
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    Quote Originally Posted by Sluggo1 View Post
    Some would say that the people who benefit the most from the tax system are those that pay zero taxes and get mucho benefits in the form of free stuff.
    So... the wealthy.

  4. #49
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    Quote Originally Posted by brett05 View Post
    the poor don't pay taxes now
    Neither do the rich apparently.

  5. #50
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    Quote Originally Posted by valade16 View Post
    Neither do the rich apparently.
    https://www.yahoo.com/finance/news/b...120116788.html

    A whole 1.1% of Bezo's total wealth he paid in taxes over a 12 year period but hey keep bending over for the uber rich.

    Amazing that article had an ice cream store in Pennsylvania that went from having no applicants when offering 7.25 an hour to then over a 1000 applicants when he decided to double pay to 15.00 dollars an hour. Suppressing wages and leaving tax loopholes open for the wealthy is good for the economy though. Just like trickle down economics.

  6. #51
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    Quote Originally Posted by metswon69 View Post
    https://www.yahoo.com/finance/news/b...120116788.html

    A whole 1.1% of Bezo's total wealth he paid in taxes over a 12 year period but hey keep bending over for the uber rich.

    Amazing that article had an ice cream store in Pennsylvania that went from having no applicants when offering 7.25 an hour to then over a 1000 applicants when he decided to double pay to 15.00 dollars an hour. Suppressing wages and leaving tax loopholes open for the wealthy is good for the economy though. Just like trickle down economics.
    Trickle down economics can actually work on paper.
    Life doesn't happen on paper, though, so that theory will never be proven.
    Trickle down assumes a lack of greed, which will never happen.

    They bend over for the uber rich because directly and indirectly it fills their own coffers with every bend. The well-to-do get rich, the rich get wealthy, the wealthy gain generational wealth....the rest of us pay for it
    gotta love 'referential' treatment

  7. #52
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    It looks like we are heading towards a modern version of feudalism.
    There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest of them have to pee on the electric fence for themselves.

    Will Rogers

  8. #53
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    Extreme capitalism is just as bad as extreme socialism. What we need is a middle-of-the-road mixed economy.

    Future Hall of Shamers:
    (1) B.A.L.C.O. Barroids (2) Mark McJuicer (3) Jose Chem-seco (4) Rafael Palmeiroids (5) Ken Chem-initi (6) Jason Gi-andro (7) Ryan Fraud (8) Muscle Melk (9) Woman-Ram (10) Shammy Sosa (11) Roger Clear-mens (12) A-Roid (13) Ryan HGHoward

  9. #54
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    Quote Originally Posted by dodgerdave View Post
    Extreme capitalism is just as bad as extreme socialism. What we need is a middle-of-the-road mixed economy.
    Extreme capitalism is very good for the donor class, so nix the middle-of-the-road mix. I think we cross that road when we re-establish monopolies, killed the industrial sector and unions.
    Last edited by WES445; 06-13-2021 at 08:45 PM.
    There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest of them have to pee on the electric fence for themselves.

    Will Rogers

  10. #55
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    Quote Originally Posted by SiteWolf View Post
    Trickle down economics can actually work on paper.
    Life doesn't happen on paper, though, so that theory will never be proven.
    Trickle down assumes a lack of greed, which will never happen.

    They bend over for the uber rich because directly and indirectly it fills their own coffers with every bend. The well-to-do get rich, the rich get wealthy, the wealthy gain generational wealth....the rest of us pay for it
    Until the government comes in and does something about it — with an eye toward what is called the commonweath (aka, the greater good). It has happened before and it can happen again, but it takes enormous political will, and the wealthy are well insulated; their sweeping influence now, as always, would be extremely difficult (and perilous for many) to curtail.

  11. #56
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    Quote Originally Posted by SiteWolf View Post
    Trickle down economics can actually work on paper.
    Life doesn't happen on paper, though, so that theory will never be proven.
    Trickle down assumes a lack of greed, which will never happen.

    They bend over for the uber rich because directly and indirectly it fills their own coffers with every bend. The well-to-do get rich, the rich get wealthy, the wealthy gain generational wealth....the rest of us pay for it
    Where does the $$$ go??? No one ever really explains that.

    If the rich gets these massive tax breaks, and have more money flowing into their realm………where does it go???

    Jobs???

    Investments???………(which leads to jobs)

    Expansion???………(which leads to jobs)

    Or do they just put it in the bank and look at it???………oh wait, then the bank invests and that creates jobs.

    More $$$ into the economy to people who know what to do with it, trickles down.

    Jobs are the basis of any strong economy.

  12. #57
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    Quote Originally Posted by Crovash View Post
    Until the government comes in and does something about it — with an eye toward what is called the commonweath (aka, the greater good). It has happened before and it can happen again, but it takes enormous political will, and the wealthy are well insulated; their sweeping influence now, as always, would be extremely difficult (and perilous for many) to curtail.
    Just what do these well insulated people do with all their $$$???

  13. #58
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    Quote Originally Posted by Sluggo1 View Post
    Just what do these well insulated people do with all their $$$???
    We don't know after four decades of siphoning money to the top. Can you clear up our ignorances and show how lower taxes on the rich and corporations have helped the common man besides low wages? I don't see the benefit of this policy during this time, forty years, in Chicago or rural areas. Poverty rates have gone up, the middle class is shrinking, and college graduates are leaving schools will a massive educational debt. The kids are experiencing a more stressful time to establish themselves more than when we were kids were we could literally work our way through college and graduate debt-free.
    Last edited by WES445; 06-14-2021 at 10:14 AM.
    There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest of them have to pee on the electric fence for themselves.

    Will Rogers

  14. #59
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    Quote Originally Posted by WES445 View Post
    We don't know after four decades of siphoning money to the top. Can you clear up our ignorances and show how lower taxes on the rich and corporations have helped the common man besides low wages? I don't see the benefit of this policy during this time, forty years, in Chicago or rural areas. Poverty rates have gone up, the middle class is shrinking, and college graduates are leaving schools will a massive educational debt. The kids are experiencing a more stressful time to establish themselves more than when we were kids were we could literally work our way through college and graduate debt-free.
    The latest government data show that in 2018, the top 1% of income earners—those who earned more than $540,000—earned 21% of all U.S. income while paying 40% of all federal income taxes. The top 10% earned 48% of the income and paid 71% of federal income taxes.

    Over time, high-income Americans have shouldered a larger and larger share of the cost of government. Even the 2017 tax cuts—reviled by the political left—reduced tax bills for the lowest-income Americans by 10% while only cutting taxes for the top 1% by 0.04%.

    https://www.heritage.org/taxes/comme...rich-pay-taxes
    GJO- You will never be forgotten. "MORE THAN MINFINITY"!

  15. #60
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    Quote Originally Posted by dbroncsinmo View Post
    The latest government data show that in 2018, the top 1% of income earners—those who earned more than $540,000—earned 21% of all U.S. income while paying 40% of all federal income taxes. The top 10% earned 48% of the income and paid 71% of federal income taxes.

    Over time, high-income Americans have shouldered a larger and larger share of the cost of government. Even the 2017 tax cuts—reviled by the political left—reduced tax bills for the lowest-income Americans by 10% while only cutting taxes for the top 1% by 0.04%.

    https://www.heritage.org/taxes/comme...rich-pay-taxes
    You are giving me stats that aren't seen in everyday life. I ask how has siphoning money to the top have made the average man's life better. Those stats mean nothing if people are still getting poor and having trouble making ends meet or college students being saddle with crushing debt once they left school. This hasn't always been the case. It changed during Reagan's administration, I was present to witness it, and steadily gotten worse over the years. You know, the beginning of the cut government expenditures and lower taxes republican craze.
    There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest of them have to pee on the electric fence for themselves.

    Will Rogers

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