New Democrat Plan To Tax The Rich, Taxing Assets. Will It Work?

oldngray

nowhere special

Democrats imposed a 1% stock buyback tax on January 1. Now just months later, President Biden’s budget calls for quadrupling the tax, the burden of which hits every American with a 401k, IRA, or union pension.
 

Up In Smoke

Well-Known Member

Democrats imposed a 1% stock buyback tax on January 1. Now just months later, President Biden’s budget calls for quadrupling the tax, the burden of which hits every American with a 401k, IRA, or union pension.
Just what I said, time to raise taxes like the 80s
 

bacha29

Well-Known Member

Democrats imposed a 1% stock buyback tax on January 1. Now just months later, President Biden’s budget calls for quadrupling the tax, the burden of which hits every American with a 401k, IRA, or union pension.
Oh BTW Wally. Americans For Tax Reform had it's entire $295,073 PPP loan it received under the American Rescue Plan.....FORGIVEN. So when it comes to so called "tax reform" it's clear that as long as it's the kind that will benefit Grover Norquist and his pals over at Americans For Tax Reform (lol) that's all that matters to them.
 

bacha29

Well-Known Member
We could also not increase the debt by offering a half trillion in student loan relief. 🤔
Ok, but one question... What steps are you planning to take to make certain that your future demand for stateside publicly funded services will also be zero?
 

bacha29

Well-Known Member
Which ones?
The ones the nations current social program system make available. The best way an individual can do their part to cut spending would be to manage their own life and finances in a way that their need for such services are kept to a minimum.
 

Wally

BrownCafe Innovator & King of Puns
The ones the nations current social program system make available. The best way an individual can do their part to cut spending would be to manage their own life and finances in a way that their need for such services are kept to a minimum.
I sure there is a ton of waste there. Start hacking!
 

vantexan

Well-Known Member
Ok, but one question... What steps are you planning to take to make certain that your future demand for stateside publicly funded services will also be zero?
I'm going to take Medicare like everyone else. Meantime you're dreaming up new ways to spend government money.
 

vantexan

Well-Known Member
The ones the nations current social program system make available. The best way an individual can do their part to cut spending would be to manage their own life and finances in a way that their need for such services are kept to a minimum.
But you want to throw a half trillion in student loan relief at people who don't need it.
 

Wally

BrownCafe Innovator & King of Puns
Don't you worry. Those people put in the work got the required education the global economy demands and the jobs that pay big salaries and big taxes. That 10K is designed more to keep the economy moving than it is to provide a small measure of relief . Furthermore, th why didn't you go to college get the education and the kind of job that would make you more comfortable and economically secure than you currently are? The more you whine about this the more convinced I am that yours is more a case of petty jealousy and class envy than anything else.
Sorry but they took the loan. Pay for it yourself.
 

Up In Smoke

Well-Known Member
Then it never ends. Go to school on someone's else's dime, go bankrupt, wash, rinse, repeat.
65% of all businesses fail and take down dozens of other businesses in the process. 370,000 personal and 14,000 business bankruptcies last year. We are the country of 2nd, 3rd and 4th chances.
 

Wally

BrownCafe Innovator & King of Puns
65% of all businesses fail and take down dozens of other businesses in the process. 370,000 personal and 14,000 business bankruptcies last year. We are the country of 2nd, 3rd and 4th chances.
Who's going to invest capital in student loans once the bankruptcy scam begins?
 

bacha29

Well-Known Member
Except the Brookings Institute is a far left commie/socialist organization.

Now please tell us more.

And no the info cannot be trusted as true or fact. And yes it makes a big difference in where it came from.
You can dismiss the Brookings Institute findings if you want
anybody can do that.....But can you disprove it?
 

bacha29

Well-Known Member
I sure there is a ton of waste there. Start hacking!
Where do you want to start? Veterans benefits? USDA food inspection programs? Why not the USDA domestic animal programs? 57 million fowl including 43 million layers had to be destroyed before the USDA got it under control but still has 8 Pa counties under quarantine.
 
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