11 Trillion Reasons To Fear Joe Biden's Presidency

[Gaius46]

It happened faster with the tax cuts. The best paid 20% of the United States have plenty of money. The government needs that money. I want those people to be given substantial tax increases.

Being among the best paid 20% in the country does not remotely make one “rich.”. In the NE it makes you middle class.

 

[MTAtech]

This is what happens in socialist countries and other liberal countries. They confiscate the money from "the rich" first and get the public happy and then they find it is not nearly enough, as will be the case with the incredible sending that Harris/Biden want. Then they need to tax other people. First, all making over 100K a year, When that is not enough, everyone's taxes go up. We are already in so much debt we cannot cover it without incredible inflation or taxes on all.

The leftists here call it investment and we'll get a return. They ever took economics.

What "socialist" countries are your referring, because nothing Democrats are proposing is anything like turning America into Cuba and more like what we used to have during the biggest economic expansion in the country -- from the 1940s through the 1960s.

What you are railing against is the right-wing dystopia -- where the rich are taxed to pay for things the people decide they want, such as a social safety net, which is morally superior to the raw dog-eat-dog capitalism we had before the New Deal. Your side believes the rich have a right to keep what they earn (even though how they earned it has a lot to do with benefits given by laws that their lobbyists fought for), and that taxing them to support others, no matter how needy, amounts to theft.

The real issue becomes one of numbers. In particular, how high should we set the top tax rate? Well, we have a pretty good idea, based on careful statistical studies, of where that optimal top rate lies; 73%, say economists Diamond and Saez, maybe 80%, say economists Romer and Romer. Those top rates maximize revenue, without discouraging work or investment, while also not turning rich people into poor people.

 

[MTAtech]

Being among the best paid 20% in the country does not remotely make one “rich.”. In the NE it makes you middle class.

You are correct. The income slope is very sharp. The top 20% is about $70,000, which is middle class. The top 1% is about $538,926 (unless one lives in San Jose, which it would be $1.2 million or NY, $800,000.) The top 0.1% is about $7 million.

 

[snakestretcher]

You never do support what you post and this time is no exception. so, someone who makes $400,000.00 a year pays an extra $20,000.00 in taxes and that does what?

It gives it to the government to waste it on more cubicle workers who watch porn all day long while writing reports about why masks don't work, and then what masks may work. tyhat moneyu the government gets does nothing except create yet another government job that is paid for by the private sector.

So, instead of that "rich" guy being able to remodel his kitchen, bath, pool, yard, buy a newer car, all of which crate jobs for the PRIVATE sector, those people in construction, auto making upholstery, pool building have no jobs or fewer jobs and less money.

Most of the very rich don't live in America anyway. Frankly who can blame them?

 

[Paradoxical]

What "socialist" countries are your referring, because nothing Democrats are proposing is anything like turning America into Cuba and more like what we used to have during the biggest economic expansion in the country -- from the 1940s through the 1960s.

What you are railing against is the right-wing dystopia -- where the rich are taxed to pay for things the people decide they want, such as a social safety net, which is morally superior to the raw dog-eat-dog capitalism we had before the New Deal. Your side believes the rich have a right to keep what they earn (even though how they earned it has a lot to do with benefits given by laws that their lobbyists fought for), and that taxing them to support others, no matter how needy, amounts to theft.

The real issue becomes one of numbers. In particular, how high should we set the top tax rate? Well, we have a pretty good idea, based on careful statistical studies, of where that optimal top rate lies; 73%, say economists Diamond and Saez, maybe 80%, say economists Romer and Romer. Those top rates maximize revenue, without discouraging work or investment, while also not turning rich people into poor people.

Your social safety nets are hammocks for illegals and deadbeats. I don't want that.

 

[vegas giants]

Your social safety nets are hammocks for illegals and deadbeats. I don't want that.

No one cares what you want

 

[MTAtech]

Your social safety nets are hammocks for illegals and deadbeats. I don't want that.

Substantiate what you wrote with more than your usual unfounded assertions. In other words, show your work.

 

[CaughtInThe]

Prepare for massive spending and tax increases.

THE TEA PARTY IS FINALLY BACKKKKKKKKKKKKKKKKKKK!!!!!

 

[Paradoxical]

Most of the very rich don't live in America anyway. Frankly who can blame them?

Bidens, Pelosis, Kerry, Clinton, etc. Very rich people who extorted money for favors.

 

[Paradoxical]

Substantiate what you wrote with more than your usual unfounded assertions. In other words, show your work.

over 10 million illegals in California. Schools filled with them, they get free lunches, free schooling, free medical

 

[PoS]

And government would have none/little. What would voluntary taxes do the the US credit rating? How would government plan long-term spending and investment when they don't know how much they'll get from year to year? How would the military, police, and government be funded?

I dont necessarily have to agree with all of JJ's points to vote for her, just most of them.

First of all, we'd save a shit ton of money if all we paid for was for the military, police, firefighters and emergency services- Libertarians view those as essential and will be willing to pay some taxes for them (we're not anarchists). Everything else ought to go or get privatized.

Oh come on. After you people have applauded the record spending and debt of the Trump era now suddenly you are fiscally worried again?

Excuse me, I didnt vote for Trump in 2016 and didnt vote now for him. I have always been fiscally conservative.

 

[vegas giants]

over 10 million illegals in California. Schools filled with them, they get free lunches, free schooling, free medical

Come on it's a 100 million. Lol

 

[Mr Person]

Genuinely curious as to what you think would happen if taxes were voluntary?

Individuals would have more money- its as simple as that.

Bwwwwahahahahah!

Man, you just don't know how anything works, do you? You actually believe that hopelessly moronic pipe dream known as the libertarian party platform, don't you?



Who do you think backs that money, PoS? Do you think Santa Claus backs it?

Clue: the United States Government backs it. The same government that has to be able to borrow and collect huge amounts of money to exist. Nobody is going to lend to a government that cannot collect taxes. (Seriously - LOL - you didn't think of that?). So the U.S. government would become instantly insolvent and, without money, collapse. And without a U.S. government those U.S. dollars - that "money" that you idiotically think people will have more of - will have nothing to back it. Those dollars would be worthless.

Voluntary taxation...such hopeless idiocy.

<> herp derp fallacies <>

Oh, believing that Libertarian bullshit is a lot worse than engaging in .....well... whatever you thought you were trying to talk about there.

 

[Taylor]

Yeah, you're right. The Obama presidency was disastrous. Because of his disastrous policies the uninsured rate fell to modern time record lows; the Great Recession, that he inherited, was ended; the deficit was reduced by 75% and America became a net exporter of petroleum.

How did we ever survive it?

You mean the Obamacare that not a single Democrat of the 30 or so running for office claimed was working well? The "recovery" that took endless years, with the top 1% receiving all the income gains?

But by all means, ignore the fact that more people thought the country was headed in the right direction during the worst of the recession than after Obama got done.



Obama inspired some optimism the day he took office - but it was all downhill from there.

 

[MTAtech]

View attachment 67301910
Far better than today: https://today.yougov.com/topics/pol...wo-thirds-americans-think-country-wrong-track


Obama inspired some optimism the day he took office - but it was all downhill from there.

 

[Taylor]

Yes, after reaching the highest number in 15 years, COVID brought us back down to Obama-Era levels of dissatisfaction.

 

[W_Heisenberg]

I voted LP, but if you dont like third parties, then vote Trump- anything but Creepy Joe.

You said you voted "LP" and Trump is not a Libertarian...

Also, for several years you've been promoting Trump and defending Trump on this forum.

Did you vote for Trump this time around?

 

[W_Heisenberg]

Yes, after reaching the highest number in 15 years, COVID brought us back down to Obama-Era levels of dissatisfaction.

View attachment 67301912

You mean 2008 Financial Crisis Era levels of dissatisfaction when the Republicans decided that socialism was okay for rich people, car manufacturers, and Wall Street and horrible for everyone else?

Every single thing about Republicans and so-called "Conservatives" is fake. Every. single. thing.

Republicans, libertarians, and conservatives, and Trump supporters LOVE socialism as long as they are the ones getting the money.

Trump Funnels Record Subsidies to Farmers Ahead of Election Day (Published 2020)

Despite an extraordinary government bailout, America’s agriculture sector remains under severe economic pressure.

www.nytimes.com

In sign of the times, Ayn Rand Institute approved for PPP loan

The institute promoting the “laissez-faire capitalism” of writer Ayn Rand, who in the novels “Atlas Shrugged” and “The Fountainhead” introduced her philosophy of “objectivism” to millions of readers, was approved for a Paycheck Protection Program (PPP) loan of up to $1 million...

www.reuters.com

Grover Norquist’s Anti-Tax Group Took Money From the Paycheck Protection Program

So much for drowning the government in a bathtub.

slate.com

Republicans under Trump's leadership are nothing more than fakes, frauds, and crooks.

 

[Taylor]

You mean 2008 Financial Crisis Era levels of dissatisfaction when the Republicans decided that socialism was okay for rich people, car manufacturers, and Wall Street and horrible for everyone else?

Every single thing about Republicans and so-called "Conservatives" is fake. Every. single. thing.

Republicans, libertarians, and conservatives, and Trump supporters LOVE socialism as long as they are the ones getting the money.

Trump Funnels Record Subsidies to Farmers Ahead of Election Day (Published 2020)

Despite an extraordinary government bailout, America’s agriculture sector remains under severe economic pressure.

www.nytimes.com

In sign of the times, Ayn Rand Institute approved for PPP loan

The institute promoting the “laissez-faire capitalism” of writer Ayn Rand, who in the novels “Atlas Shrugged” and “The Fountainhead” introduced her philosophy of “objectivism” to millions of readers, was approved for a Paycheck Protection Program (PPP) loan of up to $1 million...

www.reuters.com

Grover Norquist’s Anti-Tax Group Took Money From the Paycheck Protection Program

So much for drowning the government in a bathtub.

slate.com

Republicans under Trump's leadership are nothing more than fakes, frauds, and crooks.

No, Obama-era levels of dissatisfaction where income inequality soared as all of his economic gains went to the top 1%.

Obama admits 95% of income gains gone to top 1%

President Obama agrees with recent study that found the economic recovery since the financial crisis has overwhelming favored the richest Americans, with 95% of the income gains from 2009 to 20012 going to the top 1% of the earning population

money.cnn.com

 

[CaughtInThe]

Bwwwwahahahahah!

Man, you just don't know how anything works, do you? You actually believe that hopelessly moronic pipe dream known as the libertarian party platform, don't you?



Who do you think backs that money, PoS? Do you think Santa Claus backs it?

Clue: the United States Government backs it. The same government that has to be able to borrow and collect huge amounts of money to exist. Nobody is going to lend to a government that cannot collect taxes. (Seriously - LOL - you didn't think of that?). So the U.S. government would become instantly insolvent and, without money, collapse. And without a U.S. government those U.S. dollars - that "money" that you idiotically think people will have more of - will have nothing to back it. Those dollars would be worthless.

Voluntary taxation...such hopeless idiocy.



Oh, believing that Libertarian bullshit is a lot worse than engaging in .....well... whatever you thought you were trying to talk about there.

Libertarian is just slang for "Republican" when a Republican is mad or out of power or embarrassed.

 

[The Mark]

11 Trillion Reasons To Fear Joe Biden's Presidency

The former vice president's vision of an all-powerful government goes far beyond massive spending and tax hikes.

reason.com

Yup. Prepare for massive spending and tax increases. This is the hell the dems will be putting forth. CA and NY is already out of cash because of dem leadership, and so will the rest of America.

I voted LP, but if you dont like third parties, then vote Trump- anything but Creepy Joe.

Having a plan is why I'm not as afraid of Biden as I am of Trump.

Trump doesn't have plans, he just lies and claims he does.

 

[PoS]

Bwwwwahahahahah!

Man, you just don't know how anything works, do you? You actually believe that hopelessly moronic pipe dream known as the libertarian party platform, don't you?

Blah blah blah, Just more ignorance of the matter on display, which is not surprising since you dont know a thing outside of your librul beliefs. your intolerance is on the same level as an Al Qaeda fanatic.

Read up on the LP before you debate, because your cluelessness on the matter is so obvious I can smell the bullshit from here.

Libertarian Party

The Libertarian Party offers you an alternative to the broken two party system. All of your freedoms, all of the time.

my.lp.org

You said you voted "LP" and Trump is not a Libertarian...

Also, for several years you've been promoting Trump and defending Trump on this forum.

Did you vote for Trump this time around?

Did you not read what I just wrote?

Just because I defend Trump against librul BS doesnt mean I like Trump, I just hate libruls more.

 

[element94]

11 Trillion Reasons To Fear Joe Biden's Presidency

The former vice president's vision of an all-powerful government goes far beyond massive spending and tax hikes.

reason.com

Yup. Prepare for massive spending and tax increases. This is the hell the dems will be putting forth. CA and NY is already out of cash because of dem leadership, and so will the rest of America.

I voted LP, but if you dont like third parties, then vote Trump- anything but Creepy Joe.

When what Biden does even comes within a mile of what Trump ignoring the pandemic and the experts has done to this country with no end in sight, I will pay you homage. I say that with full confidence that it will never happen. No other president would've lied, denied, argued with and contradicted the doctors and epidemiologists like this corrupt idiot Trump has. Any other president would have led by following and encouraging their plan and we would have been done with the first wave by mid-summer. The U.S has stayed at the top as the worst in responding to this pandemic because of the anomaly Trump. So spare me the dangers of Joe Biden FFS!

 

[Mr Person]

Blah blah blah, Just more ignorance of the matter on display, which is not surprising since you dont know a thing outside of your librul beliefs. your intolerance is on the same level as an Al Qaeda fanatic.

Read up on the LP before you debate, because your cluelessness on the matter is so obvious I can smell the bullshit from here.

https://my.lp.org/[/URL

Oh look. More cowardly lies and d...s://www.lp.org/issues/taxes/[/INDENT][/QUOTE]

​

​

Think about those last few sentences.

Voluntary taxation only. Immediately, all creditors would cut off the federal government. Nobody is going to loan money to a government that relies on donations. So, implement that moronic policy and instantly the federal government is insolvent. What happens with a suddenly insolvent federal government that cannot back its currency? Poof goes that government.

Meanwhile, states don't have the power to create or back their own currency. Splat goes economic activity - literally, all of it, on the world stage - reduced to bartering.




You wanna listen to someone fear-monger about Biden raising taxes on the upper crust - an upper crust that repeatedly got tax cuts from the GOP leading to our existing deficits - from a guy who voted for a party with a platform position that would without exaggeration end the United States of America?

I could go on, but basically, the LP platform sounds like a fifth grader's Lord of the Flies fantasy. It boils down to "government should basically do just about nothing, and people should be able to do as they please." It read like anarchy lite.

Clue: that ain't utopia. Government steps out like that, someone else steps in, and that someone else is going to be your newer meaner government. Communes don't work except on the smallest of scales.

Shame he's too scared to actually debate.

 

[PoS]

Oh look. More cowardly lies and d...ted directly from the LP's website:[/I][/B]

Shame he's too scared to actually debate.

Mr P is derping again, which is a part of his nature.