Biden to Propose New “Billionaire Minimum Income Tax” of 20 Percent

Discussion in 'Wall St. News' started by tiddlywinks, Mar 27, 2022.

  1. zdreg

    zdreg

    Unfortunately you don't provide the statistics.
     
    #51     Mar 28, 2022
  2. gkishot

    gkishot

    That applies to the top earners.
     
    #52     Mar 28, 2022
  3. lol
     
    #53     Mar 28, 2022
  4. gkishot

    gkishot

    The roads are terrible. The postal service is slow and unreliable. The public transportation is no better than 10 years ago even if the fare is many fold up. If this is the only reason govt collects and raises taxes then it's clearly mismanaged on it's part. Also how do you explain that some govt officials pushed by certain communities want to defund the police? Where will this money go?
     
    Last edited: Mar 28, 2022
    #54     Mar 28, 2022
  5. zdreg

    zdreg

    Correct. Americans are mathematically challenged (polite term for incompetent) and that is why they are against it. With a flat tax the politicians would be blocked from the joys of their profession, which are buying votes and doling out favors.
     
    Last edited: Mar 28, 2022
    #55     Mar 28, 2022
    M.W. likes this.
  6. M.W.

    M.W.

    They are all spread out, easy available in public. Educational statistics, healthcare statistics, savings rates, personal household debt, craftsmanship. But let me help you get started:






     
    #56     Mar 28, 2022
  7. M.W.

    M.W.

    Mismanagement and graft is a big problem, but that does not justify ending the current system as we know it, and throw everything overboard and descent into anarchy.

     
    #57     Mar 28, 2022
  8. gkishot

    gkishot

    Taxes should go down not up. This should be the trend. Citizens grow their worth and don't get any money from anyone. Why citizens can do it but govt can't?
     
    #58     Mar 28, 2022
  9. M.W.

    M.W.

    Have you ever bought a recent American or Canadian RV or camping trailer? Camping gear? Boats? Have you checked on the average workmanship of houses? Then, have you ever had a chance to compare this crap with most that is made in Australia that concern anything outdoor? Or rv and campers or boats from Europe? Housing quality in Central Europe vs US/Canada? Healthcare, education, sound, not maniac, military spending. Infrastructure.

    Taxation and all those loopholes for the haves to a significant degree is what undermines trust and faith in government here. Many of the social programs make sense (some don't at all) but they can't be financed other than sucking the middle class dry, because the wealthiest do not contribute their fair share.

     
    #59     Mar 28, 2022
  10. M.W.

    M.W.

    Taxes for the rich should be APPLIED, not avoided through loopholes.

    By the way, WE are the government. Govt is not some evil tertiary entity. You may not like what the money is spent on but most always does tax money not disappear in some pockets of politicians, Mexico or Russia style.

     
    #60     Mar 28, 2022