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https://www.nytimes.com/2019/01/22/opinion/ocasio-cortez-taxes.html
Alexandria Ocasio-Cortez has kick-started a much-needed debate about taxes. But the*debate, so far, has been misplaced. It’s obvious that the affluent —*who’ve seen their earnings boom since 1980 while their taxes fell*— can contribute more to the public coffers. And given the revenue needs of the country, it is necessary.
But that’s not the fundamental reason higher top marginal income tax rates are desirable. Their root justification is not about collecting revenue. It is about regulating inequality and the market economy. It is also about safeguarding democracy against oligarchy.
I realize many on the right are going to kneejerk on this issue but hear this guy out, read the article and see if we can't move a needle just a tiny bit.
Thing is, I do remember the 50s and when a man could support a family of four where his wife did not have to work -- he could pay the mortgage the car payment and have disposable income and the tax structure was roughly about where AOC is proposing it. but according to this author, and I agree, it's about more than that. One thing I have noticed that our standard of living has decreased rather proportionally to the chipping away of the progressive tax system of the 50s. I think it's time that we should take a good look on if we should go back to the way things were at least insofar as a tax structure.
The world is becoming a place ruled by oligarchs and it's time to think about a solution
I realize many on the right are going to kneejerk on this issue but hear this guy out, read the article and see if we can't move a needle just a tiny bit.
Thing is, I do remember the 50s and when a man could support a family of four where his wife did not have to work -- he could pay the mortgage the car payment and have disposable income and the tax structure was roughly about where AOC is proposing it. but according to this author, and I agree, it's about more than that. One thing I have noticed that our standard of living has decreased rather proportionally to the chipping away of the progressive tax system of the 50s. I think it's time that we should take a good look on if we should go back to the way things were at least insofar as a tax structure.
The world is becoming a place ruled by oligarchs and it's time to think about a solution
It’s about curtailing inequality and saving democracy.
Socialists. Ya gotta love the idealism. Pat them on the head. Tell them they are good people. Give them a puppy.
She's spouting the same lMarxist drivel that's been around for over century..
Hey but she's hot and has a nice rack so she's a 'fresh new voice"
You continue to try to relate upper income tax bracket rates to changes caused by cost of living inflation exceeding the rate of (median?) wage infaltion. No matter how much one taxes "the rich" it will not lower the cost of a home or car or raise the median wage. The increase in the cost of public college was not caused by federal income tax rate changes either.
Comparing the inflated cost of living today from 1950 to 2014: How declining purchasing power has hurt the middle class since 1950.
She's spouting the same lMarxist drivel that's been around for over century..
Hey but she's hot and has a nice rack so she's a 'fresh new voice"
She's spouting the same lMarxist drivel that's been around for over century..
Hey but she's hot and has a nice rack so she's a 'fresh new voice"
Yet the standard of living in the 50s was better than it is now explain that one to me
Yet the standard of living in the 50s was better than it is now explain that one to me
I realize many on the right are going to kneejerk on this issue but hear this guy out, read the article and see if we can't move a needle just a tiny bit.
Thing is, I do remember the 50s and when a man could support a family of four where his wife did not have to work -- he could pay the mortgage the car payment and have disposable income and the tax structure was roughly about where AOC is proposing it. but according to this author, and I agree, it's about more than that. One thing I have noticed that our standard of living has decreased rather proportionally to the chipping away of the progressive tax system of the 50s. I think it's time that we should take a good look on if we should go back to the way things were at least insofar as a tax structure.
The world is becoming a place ruled by oligarchs and it's time to think about a solution
Another person pining for the 1950's, where real men didn't have to compete with blacks and women. And nearly everyone in a gray flannel suit had a haberdasher and a milliner and pretty much no one had a credit card--including the government.
I realize many on the right are going to kneejerk on this issue but hear this guy out, read the article and see if we can't move a needle just a tiny bit.
Thing is, I do remember the 50s and when a man could support a family of four where his wife did not have to work -- he could pay the mortgage the car payment and have disposable income and the tax structure was roughly about where AOC is proposing it. but according to this author, and I agree, it's about more than that. One thing I have noticed that our standard of living has decreased rather proportionally to the chipping away of the progressive tax system of the 50s. I think it's time that we should take a good look on if we should go back to the way things were at least insofar as a tax structure.
The world is becoming a place ruled by oligarchs and it's time to think about a solution
I realize many on the right are going to kneejerk on this issue but hear this guy out, read the article and see if we can't move a needle just a tiny bit.
Thing is, I do remember the 50s and when a man could support a family of four where his wife did not have to work -- he could pay the mortgage the car payment and have disposable income and the tax structure was roughly about where AOC is proposing it. but according to this author, and I agree, it's about more than that. One thing I have noticed that our standard of living has decreased rather proportionally to the chipping away of the progressive tax system of the 50s. I think it's time that we should take a good look on if we should go back to the way things were at least insofar as a tax structure.
The world is becoming a place ruled by oligarchs and it's time to think about a solution
She has a nice rack?
...
Exhibit A
Some of that sounds ok...
If we were still making 1950 wages and it required you to work more hours for the same items you get today for working less then yea i guess.
the fact is that you want more and more and higher and higher wages. this increases the cost of good and items. people making more money
also means they can pay more for things like housing.
in 1950 the median house price was 7k dollars. now it is about 130k.
also the average sq foot was 983. now it is about 2,500.
So much of the rise in home pricing comes from expanded space, updated building codes requirements (they don't build homes like they did in the 50's).
the progressive tax system of the 1950's was a myth. no one paid those obscene rates. why? the number of tax write-offs were huge.
you could write off pretty much anything and everything.
You cannot tax your way to prosperity and you cannot tax your way to make other people more well off.
What you can do is set laws that makes it more incentive for companies to pay workers better.
re-writing corporate tax law that favors more incentives to pay workers more vs investors and executives.
but doing such things don't register with liberals. corporations are evil and everything should be beholden to government for everything.
You continue to try to relate upper income tax bracket rates to changes caused by cost of living inflation exceeding the rate of (median?) wage infaltion. No matter how much one taxes "the rich" it will not lower the cost of a home or car or raise the median wage. The increase in the cost of public college was not caused by federal income tax rate changes either.
Comparing the inflated cost of living today from 1950 to 2014: How declining purchasing power has hurt the middle class since 1950.
Could you be more specific about that (bolded above) assertion? 100% of direct labor costs are now tax deductible - since that cannot be increased without going negative (actually subsidizing direct labor costs) then what is your plan?
actually i for one do not think taxing corporations is a good idea. it makes no sense. the better way is to encourage more employment and higher wages.
I would actually just drop the tax rate to 5% for corporations flat rate on profit.
in return corporations would file a report showing that the savings went to non-executive non-investor salaries and pay.
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