Democratic 2020 Presidential Primary Thread

[4merper4mer]

12 minutes ago, GG said:

 

I'm arguing reality.  A 1% tax rate will have 100% compliance because the cost of avoidance will be more than 1%.

 

The perfect tax rate would be set at the exact intersection of tax compliance and tax avoidance costs.  Miraculously than number is always around 20%-25%.  Funny how that works.

But what about their fair share?  Liz only wants two pennies and all the rich people cry.

[GG]

10 minutes ago, 4merper4mer said:

But what about their fair share?  Liz only wants two pennies and all the rich people cry.

 

Do they get a refund if the stock markets or real estate values decline a year after they pay the tax?

[3rdnlng]

It's really time to convert to "The Fair Tax" but in no way allow for a provision for a value added tax as part of it. 

[LSHMEAB]

16 minutes ago, GG said:

 

I'm arguing reality.  A 1% tax rate will have 100% compliance because the cost of avoidance will be more than 1%.

 

The perfect tax rate would be set at the exact intersection of tax compliance and tax avoidance costs.  Miraculously than number is always around 20%-25%.  Funny how that works.

I think it would probably be lower than 20-25 percent; probably somewhere close to 15 percent in terms of that intersectionality. There's always the option of aggressively targeting tax avoiding corporations that operate chiefly in America and/or have outsourced their HQ's, yet mainly sell their goods here. Be very tough to get anything done considering we have a congress(both sides) largely beholden to corporate/special interest groups, but it's worth a shot. The concept itself is not far removed from trade wars and tariffs, which I SUPPORT.

 

As is the case with the trade wars, the NUMBER 1 asset America possesses is it's market. Want to use our market? Pay your taxes.

 

In reality, you may very well believe that corporations/1 percenters already pay enough. That's a perfectly reasonable stance. I disagree.

[4merper4mer]

4 minutes ago, GG said:

 

Do they get a refund if the stock markets or real estate values decline a year after they pay the tax?

Two more pennies.

[LSHMEAB]

Really hope Bernie doesn't get sucked into pandering to the #MeToo, PC police crowd.

 

That stuff flies in DC and Cali, but NOWHERE else. These PERSONAL attacks on Bloomberg do nothing but turn off voters in AMERICA. 

 

My honest assessment is that "liberal," (not of the neoliberal variety) policies are actually popular. It's the fringy assaults on free speech that serve as the Dem's greatest detriment in places like Ohio, PA, WI, and Michigan.

[TakeYouToTasker]

4 minutes ago, LSHMEAB said:

Really hope Bernie doesn't get sucked into pandering to the #MeToo, PC police crowd.

 

That stuff flies in DC and Cali, but NOWHERE else. These PERSONAL attacks on Bloomberg do nothing but turn off voters in AMERICA. 

 

My honest assessment is that "liberal," (not of the neoliberal variety) policies are actually popular. It's the fringy assaults on free speech that serve as the Dem's greatest detriment in places like Ohio, PA, WI, and Michigan.

You’re not familiar with the history of the intersectional movement?

 

It was started by communist activists, who came to realize that their class warfare dogma had failed, and set upon racial strife hoping to create divides.

 

It was the same people.

 

At this point you don’t get one without the other because the dogma was intertwined.

[GG]

6 hours ago, TakeYouToTasker said:

You’re not familiar with the history of the intersectional movement?

 

It was started by communist activists, who came to realize that their class warfare dogma had failed, and set upon racial strife hoping to create divides.

 

It was the same people.

 

At this point you don’t get one without the other because the dogma was intertwined.

Minor correction.   The communists were always after racial strife as a weapon, and came close in the 60s.  Intersectionality is a reboot of their strategy from 50 years ago.  

[ALF]

Maybe Super Tuesday will pick a clear choice.

[Nanker]

13 hours ago, 3rdnlng said:

You are correct that the top tax rates were once up to 90%. What you don't say though is that at that time there were so many loopholes that nobody paid anywhere near that rate. Nobody. 

Bob Hope did. 
 

Kennedy cut the rates and got rid of a lot of the loopholes. People should Duck Duck Go Billy Sol Estes. 

[LB3]

I don't know if this was already posted in this thread or another, but my God is it as stressful as it is funny and true.

 

[Buffalo_Gal]

Who knows if it is true, it is a Bloomberg internal poll trying to help... Bloomberg (or at least make sure Bernie is not  the nominee).  However, it is nothing except what realistic people have been saying for a while now, so probably at least a smidgen of true.
 

Bloomberg internal poll claims Bernie would sink downballot Dems
 

Mike Bloomberg's campaign is shopping an internal survey that shows the liberal Vermont senator could be a millstone around the necks of vulnerable House Democrats.
 

</snip>
 

The poll of voters in more than 40 battleground House districts currently held by Democrats — conducted by Global Strategy Group for the Bloomberg campaign and obtained by POLITICO from two sources — found that Sanders is less popular than Trump and loses significant support when hit for holding socialist positions. Sanders is a self-described Democratic socialist, a distinction that his opponents are starting to draw more frequently in the days following the Vermont senator’s dominance in Nevada. His agenda of "Medicare for All," the "Green New Deal" and guaranteed tuition and debt-free public colleges has rankled more establishment members of the party.
 

</snip>

[GG]

8 hours ago, LSHMEAB said:

I think it would probably be lower than 20-25 percent; probably somewhere close to 15 percent in terms of that intersectionality. There's always the option of aggressively targeting tax avoiding corporations that operate chiefly in America and/or have outsourced their HQ's, yet mainly sell their goods here. Be very tough to get anything done considering we have a congress(both sides) largely beholden to corporate/special interest groups, but it's worth a shot. The concept itself is not far removed from trade wars and tariffs, which I SUPPORT.

 

Most large American companies now earn more overseas than they do in the US.  If you go back on tax reform and raise corporate taxes, you will re-incentivize these companies to keep the profits overseas where taxes are lower or to spin off the foreign operations.   

 

 

8 hours ago, LSHMEAB said:

As is the case with the trade wars, the NUMBER 1 asset America possesses is it's market. Want to use our market? Pay your taxes.

 

It's the other way around.  The global market is larger than the US market and Trump has done a pretty good job of beating up the closed economies to open them up to American companies, without being extorted.

 

8 hours ago, LSHMEAB said:

In reality, you may very well believe that corporations/1 percenters already pay enough. That's a perfectly reasonable stance. I disagree.

 

The numbers back it up.  The worst thing about recent tax laws was the elimination of a huge chunk of the American public from income taxes.   You've seen the stats in how 47% of the population doesn't pay any income tax.  Conversely, the top 20% pays 80% of the tax burden, and the top 1% pays about 50% of income taxes.   That's not a very good tax base to implement the liberal agenda.   And that's exactly how the socialist downward spirals begin.

[SoCal Deek]

I live in California and I’m a high end earner. My taxes went up not down. (By eliminating the ability to write off my state income tax.) The same is true for high end earners in NY state. Do not be fooled by the deceptive rhetoric coming out of the mouths of those running for President. It’s way over simplified if you look only at federal rates.

[B-Man]

 

 

Pete Buttigieg is a slightly less gay version of Obama

USA Today, by Chadwick Moore

 

Original Article

 

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[B-Man]

 

 

Do you really need to hear more than that ?

 

Bernie Sanders: Abortion And Population Control Are Important Parts Of Addressing Climate Change.

 

 

 

 

 

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[Just Joshin']

1 hour ago, SoCal Deek said:

I live in California and I’m a high end earner. My taxes went up not down. (By eliminating the ability to write off my state income tax.) The same is true for high end earners in NY state. Do not be fooled by the deceptive rhetoric coming out of the mouths of those running for President. It’s way over simplified if you look only at federal rates.

In the same boat until moved to Texas.  It is really a NY / California issue, not a federal.

 

In addition to no state tax, my property taxes are 1/2 with similar valuation.  Services are equivalent.  Why can some states get by on less?

[Foxx]

enough to push Joe to his first ever primary victory?

https://twitter.com/ByronYork/status/1232678977078251520

 

[3rdnlng]

8 minutes ago, Just Joshin' said:

In the same boat until moved to Texas.  It is really a NY / California issue, not a federal.

 

In addition to no state tax, my property taxes are 1/2 with similar valuation.  Services are equivalent.  Why can some states get by on less?

Start with municipal and state pensions. Then move on to the unicorn mindset that creates projects such as the bullet train. When you're done with that, look at all the unintended consequences of a good share of their policies. 

[B-Man]

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