Quote (thundercock @ Feb 13 2020 12:40pm)

To be honest, a 52% income tax on INCOME over 20 million isn't that crazy (married, filed jointly). Also, a 4% flat tax for M4A is actually a really good thing. I can't believe I'm saying this, but his tax proposal is something I can get behind because it taxes EVERYONE. If everyone benefits, everyone should pay.

Seems like I'd lose money with his plan but hopefully my employer would make up the difference.

Quote (thesnipa @ Feb 13 2020 10:41am)

do u work for the sanders campaign? lol.....

Quote (thundercock @ 13 Feb 2020 11:40)

To be honest, a 52% income tax on INCOME over 20 million isn't that crazy (married, filed jointly). Also, a 4% flat tax for M4A is actually a really good thing. I can't believe I'm saying this, but his tax proposal is something I can get behind because it taxes EVERYONE. If everyone benefits, everyone should pay.

Seems like I'd lose money with his plan but hopefully my employer would make up the difference.

Quote (ThatAlex @ Feb 13 2020 10:44am)

Income taxes should probably be lowered across the board for everyone. Meanwhile, we should probably implement a VAT tax and increase capital gains taxes.

I'm not a huge fan of income tax. It is graduated, but it disproportionately hurts the poor and middle class despite that fact.

Quote (Duckling @ 13 Feb 2020 19:03)

Reeeee

You're ridiculous... not worth the trouble to lambast you

Quote (Black XistenZ @ 13 Feb 2020 19:05)

On the flip side, you have a shitton of really poor people, and poor people are much worse off in the U.S. than in most of Europe due to your weaker social security system.

https://i.imgur.com/shlaeoc.jpg

https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult
https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/global-wealth-databook-2019.pdf

So going by median wealth per adult, the U.S. ranks in just the 22nd place worldwide, while they would rank 3rd going by mean wealth.

To be fair, the latter surprised me. Didnt think you would rank THAT high up in mean wealth. So while I was technically right in that you arent the wealthiest nation in the world going per capita (Switzerland and Hong Kong have you beat), those numbers confirm the wealth inequality in the U.S. to be absolutely egregious.

Quote (thundercock @ 13 Feb 2020 19:47)

I actually think capital gains taxes should be zero as long as you're using the capital to acquire more capital. As soon as you use that money for consumption, it should be treated as ordinary income.

A VAT is absolutely necessary in this country but I don't think the population is ready for it.

Quote (thundercock @ Feb 13 2020 12:44pm)

No, I'm against M4A because I'm against single payer in general. I think price fixing, competitive insurance, and a public option would be more efficient (a Dutch/German model).

Quote (thundercock @ Feb 13 2020 10:44am)

No, I'm against M4A because I'm against single payer in general. I think price fixing, competitive insurance, and a public option would be more efficient (a Dutch/German model).

Quote (inkanddagger @ Feb 13 2020 12:58pm)

Price fixing is socialism!

Quote (thesnipa @ Feb 13 2020 10:53am)

i just meant the idea that an employer will compensate tax raises, im sure some will but many wont.

Quote (Black XistenZ @ Feb 13 2020 10:51am)

Dont most states already have a VAT on the state level? If you added a federal VAT on top, people would revolt, lol.