Post Left Wing looniness here

Discussion in 'West Mall' started by Horn6721, Oct 15, 2020.

  1. mchammer

    mchammer 10,000+ Posts

    Yes, but the argument that won in the 1980’s (to decrease the top rate) was that so much time and effort was spent in tax avoidance instead of working and making more income. There are only so many hours in a day. Once again Dems ignore human motivation.
     
  2. nashhorn

    nashhorn 5,000+ Posts

    I must say that because of the “time and effort” I put into avoiding taxes I shiver at the proposed plan to hire 1,000s more IRS agents. Boo
     
  3. Mr. Deez

    Mr. Deez Beer Prophet

    That argument was certainly part of the equation. However, I think a big part of the political momentum came from the fact that the top marginal rate was so high. It's easier to convince people that 70 percent of any dollars was too much than that 39.6 percent is.

    Of course, what this graph really shows is that the wealthy strongly drive policy regardless what's driving politics. We might elect someone who brings back the 70 percent top rate, but the armies of lobbyists and political donors will always ensure that there are readily available loopholes to keep them from paying much more than that 20-30 percent range. Obviously, the fact that we allow income to be classified as "ordinary" or something else is a major factor in that. It also explains why cutting taxes doesn't hurt revenue.

    For example, suppose someone proposed a 25 percent flat tax - meaning that all income regardless of source and without deductions was taxed at 25 percent. Would the wealthy generally support that? Some might, but I'll bet most would not.
     
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  4. bystander

    bystander 10,000+ Posts

    https://www.cnbc.com/2021/05/21/ny-ag-james-unveils-bill-to-limit-cops-use-of-force.html

    "By establishing a “last resort” standard for the use of force, the legislation would require officers to first exhaust alternative approaches, the attorney general’s office said. Those methods include “de-escalation, lower levels of force, verbal warnings” and other tactics.

    The bill would also raise the standard of proof of criminal conduct required to establish justification for lethal force. Current New York law allows officers to use lethal force “based simply on an officer’s reasonable belief” that a person committed a certain category of crime, according to James’ office.

    In addition, the bill would allow prosecutors to probe whether an officer’s own conduct led to them later requiring the use of lethal force. It would also impose criminal penalties for officers who “employ force that is grossly in excess of what is warranted under the circumstances,” the press release said."

    What can we say? Crime WILL go up and the cops are now going to be sitting ducks on the streets and before the review boards who are stacked with those with a racial axe to grind.
     
    • WTF? WTF? x 1
  5. Horn6721

    Horn6721 10,000+ Posts

    Who would ever want to be a cop in New York?
     
    • Agree Agree x 1
  6. bystander

    bystander 10,000+ Posts

    I know... it is so obvious yet they don't care about that.
     
  7. Sangre Naranjada

    Sangre Naranjada 10,000+ Posts

    FIFY
     
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    • Winner Winner x 2
  8. iatrogenic

    iatrogenic 2,500+ Posts

    The Historical Lessons of Lower Tax Rates | The Heritage Foundation
     
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  9. mchammer

    mchammer 10,000+ Posts

    They likely would at 20%. All income - give deductions that favor low income folks so they pay zero. Dems don’t like this because it limits how much they can spend.
     
  10. iatrogenic

    iatrogenic 2,500+ Posts

    US tax revenue sharply dropped thanks to Trump cuts, new report says (cnbc.com)

    FY 2018 $3.33 trillion
    FY 2017 $3.32 trillion
    FY 2016 $3.27 trillion
    FY 2015 $3.25 trillion

    So taxes actually increased in 2017 after a tax cut, but as a percentage of GDP taxes went down. Not only did tax revenues increase, but so did GDP. Only a lying Lib media could try and mischaracterize a positive into a negative. For what possible purpose could that be? Oh yeah, fug the people, let's try to elect ignorant Dims.
     
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  11. nashhorn

    nashhorn 5,000+ Posts

    What an incredibly misleading article!
     
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  12. Horn6721

    Horn6721 10,000+ Posts

    Shocked CNBC posted a inaccuate headline.
     
  13. Garmel

    Garmel 5,000+ Posts

    It's what we've learned to expect from the MSM.
     
    • Agree Agree x 4
  14. Mr. Deez

    Mr. Deez Beer Prophet

    Long term I don't think it would even limit spending very much. However, the optics are poor. You can't give the illusion that you're sticking it to anyone.
     
    • Like Like x 1
  15. nashhorn

    nashhorn 5,000+ Posts

    Nothing will limit the spending. That’s certainly been proven by both parties.
     
    • Agree Agree x 1
  16. Mr. Deez

    Mr. Deez Beer Prophet

    What I'd like to see is a balanced budget conditioner constitutional amendment. It wouldn't automatically force down spending, but we'd have to pay for the spending we demand. And that would certainly put a lot more pressure on the spending than what currently exists.
     
    • Agree Agree x 2
  17. nashhorn

    nashhorn 5,000+ Posts

    And term limits to which I know you oppose.
     
  18. Mr. Deez

    Mr. Deez Beer Prophet

    How would term limits rein in spending?
     
  19. nashhorn

    nashhorn 5,000+ Posts

    Not wishing to enter into argument but my opinion is it could help in the reduction of the God complex which seems to be rampant among US politicians, again just mho. Maybe with less time they wouldn’t forget what they heck they were sent there to do, but maybe not. I doubt we’ll ever know because no way the demigods (self assigned) will allow it (term limits) to be instituted. Just like a balanced budget amendment - ain’t gonna happen.
     
  20. iatrogenic

    iatrogenic 2,500+ Posts

    That would be interpreted as a green light to raise taxes, which would not work. Spending has to be curtailed. Let me handle it for a year. Spending will drop sharply. Of course the unemployment rate will rise significantly for a couple years.
     
  21. Mr. Deez

    Mr. Deez Beer Prophet

    Are they really forgetting what they were sent to do, or are we electing them to do a bad agenda on fiscal policy? Candidates who are deficit hawks do run from time to time. They almost always lose, because we ultimately don't care. In polls, we'll say we do, but when it comes to actually doing what it takes, we don't.

    It's like a 350 pound woman. She wants to lose weight. But if she's not interested in quitting the fried chicken, cheese fries, and ice cream binges, her weight isn't going down.
     
  22. Mr. Deez

    Mr. Deez Beer Prophet

    It might be interpreted that way in the immediate term, but they'd have to make the math work, and that would force a reality check. Furthermore, to actually get major boosts in revenue through tax hikes, they'd have to be broad-based tax increases or a new, big revenue source like a VAT. The public isn't going to go along with that. (Frankly, I'd go for a VAT if we also dumped the 16th Amendment, but that's a separate issue.)
     
  23. iatrogenic

    iatrogenic 2,500+ Posts

    It would, at least, be a start to stopping the insanity.
     
  24. Mr. Deez

    Mr. Deez Beer Prophet

    What would be fun is seeing all the backpedaling. All the idiots who say that if we just got rid of the tax cuts (Bush or Trump or Reagan), everything would be ok would have to then have to go cut spending anyway and explain why they were full of **** for so long.
     
  25. iatrogenic

    iatrogenic 2,500+ Posts

    I see what you’re going for, but cutting taxes would increase tax revenues.
    Edit: Misread it the first time. I agree.
     
  26. nashhorn

    nashhorn 5,000+ Posts

    That woman was at the trough too long, just like our over indulgent Congress.
     
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  27. mchammer

    mchammer 10,000+ Posts

    Ha ha! Libs are stupid.

     
    • WTF? WTF? x 1
  28. bystander

    bystander 10,000+ Posts

    Stonewall urges employers to drop mother for 'parent who has given birth' to boost equality ranking

    What Liberalism has brought to us is the idea that everything is normalized. Not equality, but instead, demands and affronts. There is no boundary, no rational calm, no difference that cannot be made the equal of all others to the extent that all others are to be subordinated. The inability to handle reality is not considered a form of emotional immaturity that needs to be either medicated or counseled. Instead, it is to be indulged to it's fullest and given the power to destroy all other standards and customs.

    And it will never end.

    Why?

    Because they will seek you out and destroy you if you object.
     
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  29. bystander

    bystander 10,000+ Posts

    Example of Totalitarian Socialism; meaning we will force you to do it because we are elite progressives and you are idiots and Democracy, which we use as a political tool though we really don't believe in it, doesn't matter.

    ‘This is not vegan propaganda’: inside Gunda, the pig movie making carnivores eat their words

    "And perhaps it’s best that Kossakovsky himself isn't given the reins of power. Channelling Galadriel, he gives a glimpse of the plant-based Dark Lord he would become if handed Russia’s presidency.

    In five years’ time, all countries would become vegetarian. In my second term, all countries would become vegan. They would build me a bronze monument, and I will become a monster.”

    “We had a sexual revolution, then a technological revolution, now it’s time for an empathy revolution,” he says. “We have to stop killing. We have to stop dominating. We have to find our modest place together with other creatures. We have no other choice.

    You see, it's not that the Left is completely off base; it's their methods and their arrogance. That is why they should never be elevated beyond activists. When they are given government power then they become totalitarians. That is their emotional make-up.

    In my mind, THERE IS NO DOUBT ABOUT IT.
     
  30. n64ra

    n64ra 1,000+ Posts

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