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BainsBane

(57,768 posts)
69. I said just that to you in my first post
Fri Apr 10, 2015, 07:25 PM
Apr 2015

and now you are insulting me. Why don't you try reading it? I said the wealthy pay historically low taxes but so do you and I. If you want a 25-50 percent tax cut, you need to be prepared to see that level of services, including Social Security, cut.

It's easy to say raise the taxes on the rich. The question is what the precise numbers are and how they add up. I first misread your OP and thought you said raise the corporate tax by 1 percent. You said raise the taxes on the 1 percent.
That basic idea was part of both of Obama's campaigns, but he was unable to get it through congress. It's not exactly new. Though the idea of slashing middle-class taxes by 25-50 percent has never been proposed, even by Paul Ryan, because it would bankrupt the treasury. You don't have the first idea of how the numbers add up, and claiming anyone paying attention to basic math is getting information from the "Bushes" is just plain nasty.

What else is mistaken is your emphasis on the corporate tax rate itself rather than mechanisms by which the extremely wealthy (not the 1 percent, whose income begins somewhere around $440k) evade taxes through provisions in the tax code and stash their money abroad. The marginal corporate tax rate is actually higher than in many countries but the effective rate is lower. Raising the rate alone does nothing about compliance and loopholes, nor does it address personal wealth, particularly the trillions stashed offshore.

You haven't done even a bit of homework to figure out how the numbers will work, and now you accuse me of getting information from "The Bushes" and throw in Hillary like it's the same thing? You have a lot of fucking nerve. Especially when you propose what you think it a grand revelation and has in fact been part of the last two Democratic presidential campaigns, though not with the deep cuts you suggest.

You insult me and a Democratic candidate, and then expect me to do the homework you couldn't bother to do for your OP? I'm not your servant. Tend to your own mess.

Recommendations

0 members have recommended this reply (displayed in chronological order):

The 99% don't need a tax cut Warpy Apr 2015 #1
Wrong, warpy RobertEarl Apr 2015 #2
It is a start. WillTwain Apr 2015 #4
It happens RobertEarl Apr 2015 #5
Sad, isn't it. This is a real policy possibility. WillTwain Apr 2015 #7
Realistic conversation? RobertEarl Apr 2015 #20
I am going to try, though my head is putting dents in my plaster walls already. WillTwain Apr 2015 #23
One particular New Yorker would probably have some thoughts obxhead Apr 2015 #36
The sooner she says no to our ideas, the sooner we say no to her elitism. WillTwain Apr 2015 #38
Maybe a big chunk of the 1%'s tax increase could be a war-time 'surtax'... cascadiance Apr 2015 #101
Hell yes, WillTwain Apr 2015 #107
That's not how it works and you know it Warpy Apr 2015 #6
Are you saying the only way tax cuts can be done is across the board? is that the law? WillTwain Apr 2015 #10
Yep, don't forget we lost democracy some time ago Warpy Apr 2015 #13
So, Hillary cannot get it done? Nobody can? Nobody can raise all wages either? WillTwain Apr 2015 #14
She doesn't want to get it done. Warpy Apr 2015 #15
Are you saying it is a good idea that she will not pursue? WillTwain Apr 2015 #16
Ok RobertEarl Apr 2015 #17
Exactly, if taxes won't work what will she do? WillTwain Apr 2015 #18
How would raising taxes on the 1% hurt wallstreet? 1StrongBlackMan Apr 2015 #76
Does bruised ego count as hurting? WillTwain Apr 2015 #77
I guess. n/t 1StrongBlackMan Apr 2015 #78
RobertEarl, have we ever agreed on anything before? Chan790 Apr 2015 #82
With forces driving wages down WillTwain Apr 2015 #92
Will, we're just never going to agree. Chan790 Apr 2015 #93
Chan, For the longest time, I held your beliefs. WillTwain Apr 2015 #95
The tax cut is only a small part of the answer. WillTwain Apr 2015 #3
exactly JI7 Apr 2015 #9
Exactly what? WillTwain Apr 2015 #12
Precisely LittleBlue Apr 2015 #64
LB, There is so much room on this issue it is silly. WillTwain Apr 2015 #66
Exactly LittleBlue Apr 2015 #67
Even the term re patriot WillTwain Apr 2015 #74
why only Hillary ? how about other candidates ? JI7 Apr 2015 #8
This is for all candidates. Hillary is the presumptive democratic nominee. WillTwain Apr 2015 #11
Yup. This should be considered lovemydog Apr 2015 #19
DU should be an idea maternity ward. Mudslinging has its place WillTwain Apr 2015 #21
Agree. 'That will never happen' doesn't cut it. lovemydog Apr 2015 #24
This country is so fucking rich it is sickening. WillTwain Apr 2015 #28
It's nice talking with someone who can carry a conversation lovemydog Apr 2015 #35
It is a pleasure to know you. I love the fact that we can disagree on a few things, agree WillTwain Apr 2015 #44
Awesome! I think democratic socialism lovemydog Apr 2015 #46
Peace WillTwain Apr 2015 #48
Maybe Bernie should start his own party? Move Dems to the Left by giving them somewhere to go if sabrina 1 Apr 2015 #85
Hire this girl - political strategist. WillTwain Apr 2015 #87
The Dem party is losing registered voters anyhow. The last statistics I saw on this (Republicans are sabrina 1 Apr 2015 #89
If Bernie gets a fair chance from the media, WillTwain Apr 2015 #91
I definitely agree. But the media is owned by the same people who are funding their choice of sabrina 1 Apr 2015 #94
The wrench in the system is the long coat tails the president has. WillTwain Apr 2015 #96
Perhaps. The risk is that it's a quixotic adventure. lovemydog Apr 2015 #98
Here's an idea I just had: a one-time tax of $ 5 trillion lovemydog Apr 2015 #22
I have had the same idea. The rich have $34 trillion in offshore accounts. WillTwain Apr 2015 #25
True that. One ad could feature a bunch of middle-aged and younger lovemydog Apr 2015 #27
Congress writes tax law not the President. upaloopa Apr 2015 #26
Yes. And that's why we need far more progressive people lovemydog Apr 2015 #29
Hillary better sound like Huey Long or we do not need her. WillTwain Apr 2015 #32
The president has big influence over congress. Heard of FDR and LBJ? WillTwain Apr 2015 #30
Every one of us should be in the streets DEMANDING universal healthcare, $20MW NoJusticeNoPeace Apr 2015 #31
It is up to us. We decide our lives. We make our bed. WillTwain Apr 2015 #33
Tell me where there's a rally in New Mexico. lovemydog Apr 2015 #39
We are using this FB page to try and coordinate NoJusticeNoPeace Apr 2015 #40
Thanks a million. I'll join and also bring it to the attention lovemydog Apr 2015 #43
From the bottom up NJNP. WillTwain Apr 2015 #45
BWAHAHAHAHAHAHA obxhead Apr 2015 #34
Fine, but let's force her to answer to ideas like this. WillTwain Apr 2015 #37
so, you will believe campaign trail bs obxhead Apr 2015 #50
Only if she is specific. WillTwain Apr 2015 #54
Laugh all you want. Any Presidential candidate will respond to massive pressure lovemydog Apr 2015 #41
Keep throwing hay makers until one lands. WillTwain Apr 2015 #49
LOL, they rarely land. But it's fun for a bit. lovemydog Apr 2015 #56
We decked um before. WillTwain Apr 2015 #58
Any Dem obxhead Apr 2015 #51
That's not accurate. lovemydog Apr 2015 #55
Ok, I'll give you that (barely) obxhead Apr 2015 #60
The problem with that is... Motown_Johnny Apr 2015 #42
You are right, but have no choice but to keep fighting. This will end. It must. WillTwain Apr 2015 #47
Of course we should fight. But we must pick our battles. Motown_Johnny Apr 2015 #103
In my humble opinion WillTwain Apr 2015 #105
True, they will keep trying so long lovemydog Apr 2015 #53
Help me with this. WillTwain Apr 2015 #70
It depends on each individual poster, I think. lovemydog Apr 2015 #99
A few years ago WillTwain Apr 2015 #100
Yeah, the effective corporate tax rate has fallen from 50% to 15%. lovemydog Apr 2015 #104
The idea that many here are underestimating the magnitude of the problem is right on. WillTwain Apr 2015 #106
The federal tax burden on Americans is near it's lowest in history BainsBane Apr 2015 #52
How can raising taxes on the rich be irresponsible? WillTwain Apr 2015 #57
What is irresponsible is depleting the national treasury BainsBane Apr 2015 #59
Never said that. I am talking about a huge corporate tax increase - maybe double. Many pay nothing. WillTwain Apr 2015 #62
I said just that to you in my first post BainsBane Apr 2015 #69
If you think raising rates on the rich is insane, WillTwain Apr 2015 #75
I don't think OP meant a 1% increase on corporate tax rate, but you are right it's irresponsible. Hoyt Apr 2015 #61
So, FDR had it wrong all along? Really? WillTwain Apr 2015 #63
Doubling the tax wouldn't raise enough for longer than one year at best. Hoyt Apr 2015 #68
What is my idea in your mind? WillTwain Apr 2015 #71
Yo ho ho and a bottle of rum Rex Apr 2015 #65
Good stuff. WillTwain Apr 2015 #72
Hillary Clinton is Rex Apr 2015 #73
If it's such a great plan file & run with it. William769 Apr 2015 #79
If you are George Soros and will open a PAC, I Am in. WillTwain Apr 2015 #81
It's not hard to start a PAC. William769 Apr 2015 #83
It is fun to speculate. I hope Hillary makes an ass of me and is the next Huey Long. WillTwain Apr 2015 #86
Let me ask you something: If you were in a room with Hillary Clinton MineralMan Apr 2015 #80
Yo, MineralMan. Just having a little fun. WillTwain Apr 2015 #84
Yah, well, I don't answer to Yo! either. MineralMan Apr 2015 #88
You answered to YO. WillTwain Apr 2015 #97
Yes master. WillTwain Apr 2015 #90
Add a Financial Transaction tax to pay for universal healthcare and education and we can talk. Vincardog Apr 2015 #102
Who would fight this? WillTwain Apr 2015 #108
Oh, hell yes! lovemydog Apr 2015 #109
Yo, Yo-Yo Ma! lovemydog Apr 2015 #110
Yo Mom-ma WillTwain Apr 2015 #111
Your math is flawed. nt Cali_Democrat Apr 2015 #112
Latest Discussions»General Discussion»Yo Hillary: I have a plan...»Reply #69