Would you support 90% Tax for a FAIR AMERICA where everyone gets a CHANCE at a good life?
 

Would you support something like the schedule below? I'm kind of on the fence since I'm thinking along the lines of giving people enough incentive to innovate, build, and produce...

Basically, 90% tax for people making over $10M a year which leaves them with a cool $1M

Then 80% tax for those making over $1M, $200K a year is more than enough to live on per year, right?

Then 40% tax for those making over $100K per year, 60K per month is fair, no?

No tax for anyone making less than 100K

Of course, the schedule above must be indexed to inflation

Would this tax schedule be BERNIE-approved?

Like what a man way before his time once said: From each according to his abilities, to each according to his needs

Do you agree?

As for me... I'm not so sure.

No, what's the point in trying to make more than 100k? Do we divvy up the mansions? :2 cents:

Trickle down has been proven not to work

Taxing the super rich has been proven to work

Socialism is evil

But this doesn't sound like socialism

This sounds like Russian communism

What stupid people that don't get how shit works don't understand is there is no fixed sum of money to be divvying up... Money supply is pretty much created by increased productivity and innovation. Where's the motivation to increase productivity and innovation if going that extra mile just gets siphoned up by the unproductive. If a person is allowed to keep more of what he/she produces that drives motivation to produce more..

People forget Russia is communist where Putin can take your business from you any time he pleases.

I'm not surprised people are starting to post pro communist posts here now.

No.. I dont support excessive tax for people who make more, however I support a flat tax across the board. With exemptions for people who make under poverty levels.

I think we need a straight up flat income tax for federal taxes and sales tax for state/local.

Sadly, you're wrong: Soviet communism was all about STRIPPING private citizens of the MEANS of production

You still get to OWN your stuff and MAKE MONEY privately, you just get to SHARE more the more successful you are... so others get a chance at a better life.

Obama famously said "You didn't build that"... He's right-the social structures/the justice system/the whole societal infrastructure BILLIONAIRES like Musk and Trump PROFIT FROM are built on the backs and willing cooperation of EVERYONE ELSE... Shouldn't everyone else get a SHARE in the wealth? (I'm not sure I fully agree but just sharing this for discussion's sake)

The 90% tax plan is in keeping with Obama's observation

This is the video that got me thinking about such proposals as the first post of this thread

Don't you agree that SOMETHING HAS TO BE DONE about INCOME INEQUALITY???

Income tax should be eliminated and a federal sales tax put in it's place and the government should be forced to live within it's means like everyone else. If the economy is down and revenues are slow then you cut workers/payroll/expenses.. As any business would have to do...

Fed sales tax hits poor people worse though... Isn't that the opposite of PROGRESSIVE TAXATION?

It works for most state and local governments..

I'm not wrong

Putin constantly takes successful private businesses on a whim and makes them "government entities" while taking a cut of the profits for himself. Putin did this to one of his political adversaries businesses (Mikhail Khodorkovsky).

I'm not sure why you are both defending communism and vilifying socialism they are nearly the same and very much intertwined. You can't really have communism without socialism.

You can't vilify a socialist without vilifying communist Russia & Putin.

Only an idiot would not tax the rich...money is allocated extremely undemocratically...90% tax for billionaires is a no brainer...

http://www.madspiders.com/images/taxrates.jpg

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Stupid idea. In the past countries have had 90%+ tax rates. All that happens is the rich either move to a low tax country (Google tax exiles), or have zero incentive to create any more wealth (meaning not grow their businesses so hiring doesn't increase, no research and development spending so new jobs aren't created, etc). Taxation has to be a middle ground of not too much nor too little, which in my mind is no more than a 50% rate.

The big question is how does the money at the top get redistributed? If you're doing it through taxes then most likely the government expands and starts providing free services.

But don't you support Obama? Doesn't the whole idea of REDISTRIBUTING THE WEALTH fit the Obama idea?

If you support Obama then you must support a 90% tax on people like Trump who you supposedly hate

Yep, that is why here in the U.S., the 1950's, when the highest bracket was 90%, are called the
prosperity years" because that tax rate made everybody move to a low tax country or stop building their businesses. right?

Oh, wait....

.

It's awful. I work my ass off at a full time job and online now. Just because I started doing well online shouldn't devalue my actual physical labor job. I work harder than most people I know, so I should be punished?

This same scenario applies to a lot of you guys too right?

Thats because the reality is back then only about 10,000 households made over $200,000 to qualify for that 91% tax bracket. Plus, the top 1% at that time managed to actually have a 42% tax rate. Also, the 91% only applied to anything over 200k, not your entire income. Deductions, under reporting, etc. I can go on forever, but this ghost haze is strong right now.

this is not how it works...if you want to invest in research or open new factories or create jobs then then is a business expense...BUT if you want to buyback stocks and enrich yourself for pure capitalist buy-my-4th-yacht crap then you get taxed 90%...

also keep in mind that the population would have more money because wealth would be more equally distributed...



open factories, free education, free healthcare, free housing...I know the brainwashed capitalists will scream "communism" but there is in fact nothing wrong with the government being an actual service for the people and not just a crony gravy train service provider...keep in mind that non-government factories/schools/hospitals/houses still exist...it is not communism in any way it is healthy competition...

Australia seems to be doing ok, with full social services..

$0 - 18,200 $0 Tax
$18,201– $37,000, 19c for each $1 over $18,200
$37,001 - $80,000, 32.5c for each $1 over $37,000
$80,001 - $180,000, 37c for each $1 over $80,000
$180,001 and over* 45c for every $1 over $180,000

problem we have is the same as the USA, its not individual taxes but business taxes that fuck the system over most big business pay less than 10% tax.. if that.

What do they do with the other 90% ???

Americans care first and foremost about themselves, it's a ME society. Would they pay more taxes for anything that improves the lives of anyone? All most people care about is the price of goods, even if they were made overseas by some Third World kid.

Fuck off Paul you fucking piece of shit :321GFY

You make ignorant posts about our economy

You make ignorant posts about our immigration

You're a fucking loser from the UK that immigrated to Czechoslovakia that's how much you hate Western Society so you can just go. Fuck off! Western Society doesn't need you sitting in some room in Czechoslovakia insulting everybody pretending to want to know shit when we really you just want to put people down you fucking loser.

I'm done explaining shit to you

Your agenda is very clear

In the future I'm just going to say this has been explained to you multiple times here Paul your trolling fuck off :thumbsup

they hold it in offshore tax havens until someone gets into power and goes fuck the people of this country we need to look after that 1% and let them bring it in at a reduced rate.. so wify gets new sparkly stuff at Xmas.

What did Jeff Bezos do with the $2billion Trump gave him in Tax cuts? Apple brought back 285 billion in overseas cash repatriation... where's that gone again? I know trump was blowharding they were going to spend a billion.. so the other 284 went?

And if the stock markets been prompt up with a trillion in buy backs this year... and no one including the Government is showing that on the books.. what happens later this year?

reality pill time maybe?

I live in a country where the socialism (communism) ruled the country for 45 years and was brought by soviet tanks. Guess what: that system went to bankruptcy, since nobody was motivated to produce anymore. And not to forget about political prisoners, murder of regime opponents, poverty, the markets were empty. My country looked like today Venezuela.

So, stfu with your wise man ahead of his times. His view brought death to more than 100 mil people.

You nothing know about communism )) It sounds not like socialism but like a robbery the rich people. After the robbery, no one from people doesn't get a moni, not being so naive. Even more - all can robbery you with impunity.

During communism - business was illegal. But people receive for free medicine and education, houses etc. During Putinism all profit take his regime.
Putin is a despot.
Despotism (Greek: Δεσποτισμός, Despotismós) is a form of government in which a single entity rules with absolute power. Normally, that entity is an individual, the despot, as in an autocracy, but societies which limit respect and power to specific groups have also been called despotic.
https://en.wikipedia.org/wiki/Despotism

You forget to say Mikhail Khodorkovsky stolen/capture government property in 90 th years, he the criminal not are businessmen. After USSR crash KGB makes good discredit capitalism and democracy in Russia - poverty, criminal. :1orglaugh And now the new world leader becomes communists China.