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Here's a good reason why we need a wealth tax

NatMorton said:
And I think your local coffee shop should start charging you $20 per cup. It's not that the coffee is worth that much, I just like the idea of you helping out the coffee shop's owner and employees.
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Go for it.


But we know that is not needed to pay people a living wage
 
NatMorton said:
And I think your local coffee shop should start charging you $20 per cup. It's not that the coffee is worth that much, I just like the idea of you helping out the coffee shop's owner and employees.
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And when that happens and there is massive inflation and horrible unemployment because of his ideas we can always just have the government force companies to pay people more.
Or maybe we can just have the government keep all the money and just give out what it thinks each person needs. That seems like the end stage of the marks goals.
 
braindrain said:
And when that happens and there is massive inflation and horrible unemployment because of his ideas we can always just have the government force companies to pay people more.
Or maybe we can just have the government keep all the money and just give out what it thinks each person needs. That seems like the end stage of the marks goals.
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Or maybe we just let the rich keep all the poor and have the poor beg for scraps
 
braindrain said:
So you know that your idea will cost people jobs and raise costs but oh well right.

And why do you think it won’t drive out many small business. Most of them already pay at or close to minimum wage and operate on very small margins and you think they will just be able to handle massive labor increases. How exactly do you see them staying in business.

I am sorry but it seems your ideas on economics are about as naive as your thoughts on the homeless.

And why exactly should a person who has made bad life choices make more money for doing the same job as someone who hasn’t. Why should a single individual with 4 kids make more money for flipping burgers then a single college kid flipping burgers to make money as he goes to school. That’s just asinine.
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Well those on the right always say raising wages will cost people jobs.

I beg to differ

We know after 50 years of trickle down economics that tax cuts for the rich does not increase GDP.

My opinion is if you get more money into America's middle/working class hands that will do more to grow the economy than any of these 50 years of tax cuts for the rich and borrow the money to pay for it. A vibrant and growing economy will create jobs not kill them.



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rickc said:
Well those on the right always say raising wages will cost people jobs.

I beg to differ

We know after 50 years of trickle down economics that tax cuts for the rich does not increase GDP.

My opinion is if you get more money into America's middle/working class hands that will do more to grow the economy than any of these 50 years of tax cuts for the rich and borrow the money to pay for it. A vibrant and growing economy will create jobs not kill them.



View attachment 67309902
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Why do people continue to confuse statutory tax rates with the tax rates people actually pay? The above chart could not be more misleading.
 
braindrain said:
That doesn’t tell me why the rich are keeping all the poor. Or where they are putting them.
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Dude. You have nothing to add.

You got a massive head start in life and you hate the poor because thay had to work twice as hard as you.


You just love to hate
 
rickc said:
Well those on the right always say raising wages will cost people jobs.

I beg to differ

We know after 50 years of trickle down economics that tax cuts for the rich does not increase GDP.

My opinion is if you get more money into America's middle/working class hands that will do more to grow the economy than any of these 50 years of tax cuts for the rich and borrow the money to pay for it. A vibrant and growing economy will create jobs not kill them.



View attachment 67309902
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Forcing companies to pay the employees more then the labor those people bring in will force many companies out of business and not bring about the utopia you think it will.
 
vegas giants said:
Dude. You have nothing to add.

You got a massive head start in life and you hate the poor because thay had to work twice as hard as you.


You just love to hate
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Calm down. No need to get so upset. It’s just a discussion forum.

But it is funny seeing you try and pretend you know anything about the posters on this forum.

So please tell me more about this massive head start I got. Please be very specific.

And I don’t hate anyone. That is just your anger blinding you. Relax.

But just so we are clear you are not going to tell me where the rich are keeping the poor.
 
braindrain said:
Calm down. No need to get so upset. It’s just a discussion forum.

But it is funny seeing you try and pretend you know anything about the posters on this forum.

So please tell me more about this massive head start I got. Please be very specific.

And I don’t hate anyone. That is just your anger blinding you. Relax.
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Are you crying? Lol
 
braindrain said:
Forcing companies to pay the employees more then the labor those people bring in will force many companies out of business and not bring about the utopia you think it will.
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When personal taxes are raised back to the point where business owners see they have two choices. Either they invest in their companies and workers or pay it in taxes they will find it much easier to give raises

More money in the pockets of the largest consumer base in the world means more business for everyone.
 
rickc said:
We know after 50 years of trickle down economics that tax cuts for the rich does not increase GDP.
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You're not reading your own graph correctly. That flat line is a percentage change, i.e. you're showing us a graph with steady growth.

Here's the actual GDP over that time, and it's growing.

1608734259841.webp

U.S. GDP | Historical Chart & Data

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and...
www.macrotrends.net www.macrotrends.net


So well done. You've made a case for "trickle down economics."
 
vegas giants said:
You are crying. Lol


Tell us all about the hardships you faced in life


Watch this folks
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Wow you really are upset aren’t you. I am sorry I didn’t mean to trigger you so badly. I apologize.

You are the one talking about the massive head start I got. You made the claim. You back it up. Pretty sure I have seen you demand that of others.

Time for you to put up or shut up.
 
rickc said:
When personal taxes are raised back to the point where business owners see they have two choices. Either they invest in their companies and workers or pay it in taxes they will find it much easier to give raises
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This logic is just amazing. You're actually trying to argue that by leaving a company's owners with less money they will have a choice on how to invest the money they no longer have.
 
braindrain said:
Wow you really are upset aren’t you. I am sorry I didn’t mean to trigger you so badly. I apologize.

You are the one talking about the massive head start I got. You made the claim. You back it up. Pretty sure I have seen you demand that of others.

Time for you to put up or shut up.
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HAHAHAHA

I knew it
 
rickc said:
When personal taxes are raised back to the point where business owners see they have two choices. Either they invest in their companies and workers or pay it in taxes they will find it much easier to give raises

More money in the pockets of the largest consumer base in the world means more business for everyone.
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Seeing as you don’t even seem to understand the difference between marginal tax rate and effective tax rate forgive me if I dont care to much about your opinion.
 
vegas giants said:
HAHAHAHA

I knew it
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So are you going to keep us waiting or are you going to back up your claim that I was born with a massive head start.

Put up or shut up time.

That is if you can take a break from being triggered.
 
braindrain said:
So are you going to keep us waiting or are you going to back up your claim that I was born with a massive head start.

Put up or shut up time.

That is if you can take a break from being triggered.
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HAHAHAHA

HAHAHAHAHA


HAHAHAHAHA
 
Mason66 said:
"The system is rigged for the rich".

Please tell me how the rigging works. Do you mean people that work and get paid have more advantages than somebody that doesn't? Is that the rigging you are talking about?
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The historical wealth distribution and the ever widening gap prove it. It's not rocket science, just look at the graph put out by the federal reserve, if this doesn't
prove to you that the system is rigged for the rich, then I can't help you.

wealthgap.webp
 
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