2020 Election

[Catwhoshatinthehat]

The US is approaching 27T in debt and we'll probably hit 30T early next year after they pass a few more rounds of stimulus.  Even if you cut all discretionary spending from the 2019 FY budget which includes military spending the surplus would have been 400B.   We would need to do that for roughly 75 years straight to pay off the debt.  Technically the interest would go down over time and obviously receipts will fluctuate so 75 years isn't accurate but the point is cutting spending alone isn't going to address the hole we've dug ourselves in.  Most people say they're fine with cutting spending until they see that it will impact them.  In reality addressing the annual deficits and national debt is going to take major cuts before it's too late.  I don't vilify anyone for making what they do but given that national debt and annual deficits the highest earning individuals and biggest companies should not be paying the effective rate that they currently do.

[tdawg87]

1 minute ago, Catwhoshatinthehat said:

The US is approaching 27T in debt and we'll probably hit 30T early next year after they pass a few more rounds of stimulus.  Even if you cut all discretionary spending from the 2019 FY budget which includes military spending the surplus would have been 400B.   We would need to do that for roughly 75 years straight to pay off the debt.  Technically the interest would go down over time if we didn't run deficits and obviously receipts will fluctuate so 75 years isn't accurate but the point is cutting spending alone isn't going to address the hole we've dug ourselves in.  Most people say they're fine with cutting spending until they see that it will impact them.  In reality addressing the annual deficits and national debt is going to take major cuts before it's too late.

Oh I can't wait for this to be a problem again once there's a Dem in office.

[Adam]

28 minutes ago, Dtwncbad said:

How about the government, for once, look the people in the face and admit they are spending way too much money and cut spending so that nobody has to pay more than they do now?

The answer cannot always be just tax people more.

The Government: Wanna bet?

[Jason]

34 minutes ago, tdawg87 said:

Oh I can't wait for this to be a problem again once there's a Dem in office.

Anyone who still believes that adding to our national debt is a Democrat thing is a retard 

[Dtwncbad]

16 minutes ago, tdawg87 said:

I mean it's fair, but there are several companies, billionaires, etc... who pay fuck all in taxes. Not to mention the churches.

Tax that shit. 

Do you know why churches don’t have to pay taxes?

Because it would be fundamentally stupid to go through the motions.  If you made them file taxes they would owe zero in taxes just like every other nonprofit.

And the hostility toward billionaires is just silly.  Are you suggesting a wealth tax to just grab wealth from people?  Just seize wealth from people? You realize when you say “billionaire” you are not talking about people who make a billion dollars a year right?  That is their net worth (after they already paid taxes on their income when they earned it).

So unless you are in favor of simply helping yourself to (stealing) their after tax wealth, you must be talking about taxing their actual income.

And we do.  

If you want to argue that many of them have just capital gains income from investments and that should be taxed higher, I guess you have an argument.

There are 630 billionaires on the US with a total net worth of about $3.4 trillion.

It is absurd to believe that all of them have all of their net worth at risk in investments to produce capital gains income, but let’s pretend they do.

If they were getting 10% on all of it that would be about $340b in income.  At 15% they would be paying about $51b in taxes.

Keep in mind as I said there is no way all these billionaires have all of their wealth at risk producing this capital gains but just making a point.

The federal government typically runs a 700-900 billion deficit every year.

You should be able to see now that you cannot possible tax billionaires to get out of this problem.

You could double their taxes and you still would only cover 24 days of deficit spending through January 24th.  How do you cover the other 341 days of deficit spending per year?

And the reality is the lower you make the return on investors the less interested they are in risking their capital.  So you would likely see them pull back and end up collecting less in taxes than you do now.

Rationally the answer to tax shortages is to stop calling them tax shortages and start telling the truth that we have an out of control spending problem that should be treated as a spending problem.

When a head of a household makes 500k a year and they are having their house foreclosed on and their 45 cars repossessed and they have $250k in credit card bills, we don’t say they have an income problem and suggest they just find a way to make more money.  We admit they are spending freaks and they need to change their spending habits.

There is no reason to even consider raising taxes on anybody when it cannot solve the problem.  The project is for Americans to grow up and admit that the people in government get and maintain power by promising to spend money on them that they don’t have and can never collect in exchange for their votes.

Anybody wasting 5 seconds being upset that billionaires should pay more in taxes fundamentally does not understand math or doesn’t care enough to do the math.

[Lou]

22 hours ago, Rico said:

The post office delivered 143 billion pieces of mail in 2019

142,999,999,947 of those were junk mail. 

[Kevin]

35 minutes ago, Dtwncbad said:

Do you know why churches don’t have to pay taxes?

Because it would be fundamentally stupid to go through the motions.  If you made them file taxes they would owe zero in taxes just like every other nonprofit.

 

There is some really good churches out there that actually help the needy, care for the poor and sick, etc.

There's also some shady mega churches that abuse the system. I don't know if this will go anywhere since it could be tied up for years going through the IRS process but the Mormon church potentially has been hoarding donations according to a whistle blower.

https://www.washingtonpost.com/investigations/mormon-church-has-misled-members-on-100-billion-tax-exempt-investment-fund-whistleblower-alleges/2019/12/16/e3619bd2-2004-11ea-86f3-3b5019d451db_story.html

 

[Tank]

36 minutes ago, Lou said:

142,999,999,947 of those were junk mail. 

or duplicate voting materials for former tenants.

[tdawg87]

54 minutes ago, Dtwncbad said:

Do you know why churches don’t have to pay taxes?

Because it would be fundamentally stupid to go through the motions.  If you made them file taxes they would owe zero in taxes just like every other nonprofit.

And the hostility toward billionaires is just silly.  Are you suggesting a wealth tax to just grab wealth from people?  Just seize wealth from people? You realize when you say “billionaire” you are not talking about people who make a billion dollars a year right?  That is their net worth (after they already paid taxes on their income when they earned it).

So unless you are in favor of simply helping yourself to (stealing) their after tax wealth, you must be talking about taxing their actual income.

And we do.  

If you want to argue that many of them have just capital gains income from investments and that should be taxed higher, I guess you have an argument.

There are 630 billionaires on the US with a total net worth of about $3.4 trillion.

It is absurd to believe that all of them have all of their net worth at risk in investments to produce capital gains income, but let’s pretend they do.

If they were getting 10% on all of it that would be about $340b in income.  At 15% they would be paying about $51b in taxes.

Keep in mind as I said there is no way all these billionaires have all of their wealth at risk producing this capital gains but just making a point.

The federal government typically runs a 700-900 billion deficit every year.

You should be able to see now that you cannot possible tax billionaires to get out of this problem.

You could double their taxes and you still would only cover 24 days of deficit spending through January 24th.  How do you cover the other 341 days of deficit spending per year?

And the reality is the lower you make the return on investors the less interested they are in risking their capital.  So you would likely see them pull back and end up collecting less in taxes than you do now.

Rationally the answer to tax shortages is to stop calling them tax shortages and start telling the truth that we have an out of control spending problem that should be treated as a spending problem.

When a head of a household makes 500k a year and they are having their house foreclosed on and their 45 cars repossessed and they have $250k in credit card bills, we don’t say they have an income problem and suggest they just find a way to make more money.  We admit they are spending freaks and they need to change their spending habits.

There is no reason to even consider raising taxes on anybody when it cannot solve the problem.  The project is for Americans to grow up and admit that the people in government get and maintain power by promising to spend money on them that they don’t have and can never collect in exchange for their votes.

Anybody wasting 5 seconds being upset that billionaires should pay more in taxes fundamentally does not understand math or doesn’t care enough to do the math.

Sir, this is a Wendy's.

[AngelsLakersFan]

2 hours ago, Catwhoshatinthehat said:

The US is approaching 27T in debt and we'll probably hit 30T early next year after they pass a few more rounds of stimulus.  Even if you cut all discretionary spending from the 2019 FY budget which includes military spending the surplus would have been 400B.   We would need to do that for roughly 75 years straight to pay off the debt.  Technically the interest would go down over time and obviously receipts will fluctuate so 75 years isn't accurate but the point is cutting spending alone isn't going to address the hole we've dug ourselves in.  Most people say they're fine with cutting spending until they see that it will impact them.  In reality addressing the annual deficits and national debt is going to take major cuts before it's too late.  I don't vilify anyone for making what they do but given that national debt and annual deficits the highest earning individuals and biggest companies should not be paying the effective rate that they currently do.

Lol we are so fucked. The left wants to raise taxes so they can raise spending, while the right wants to cut spending so they can lower taxes. None of them has even bothered to check our bank account.

[gotbeer]

20 minutes ago, AngelsLakersFan said:

Lol we are so fucked. The left wants to raise taxes so they can raise spending, while the right wants to cut spending so they can lower taxes. None of them has even bothered to check our bank account.

The one in the Caymans or the one in Switzerland?  Oh wait, that's the politicians and businessmen.  

[AngelsLakersFan]

13 minutes ago, gotbeer said:

The one in the Caymans or the one in Switzerland?  Oh wait, that's the politicians and businessmen.  

Those are doing just fine.

[Taylor]

2 hours ago, Dtwncbad said:

Do you know why churches don’t have to pay taxes?

Because it would be fundamentally stupid to go through the motions.  If you made them file taxes they would owe zero in taxes just like every other nonprofit.

And the hostility toward billionaires is just silly.  Are you suggesting a wealth tax to just grab wealth from people?  Just seize wealth from people? You realize when you say “billionaire” you are not talking about people who make a billion dollars a year right?  That is their net worth (after they already paid taxes on their income when they earned it).

So unless you are in favor of simply helping yourself to (stealing) their after tax wealth, you must be talking about taxing their actual income.

And we do.  

If you want to argue that many of them have just capital gains income from investments and that should be taxed higher, I guess you have an argument.

There are 630 billionaires on the US with a total net worth of about $3.4 trillion.

It is absurd to believe that all of them have all of their net worth at risk in investments to produce capital gains income, but let’s pretend they do.

If they were getting 10% on all of it that would be about $340b in income.  At 15% they would be paying about $51b in taxes.

Keep in mind as I said there is no way all these billionaires have all of their wealth at risk producing this capital gains but just making a point.

The federal government typically runs a 700-900 billion deficit every year.

You should be able to see now that you cannot possible tax billionaires to get out of this problem.

You could double their taxes and you still would only cover 24 days of deficit spending through January 24th.  How do you cover the other 341 days of deficit spending per year?

And the reality is the lower you make the return on investors the less interested they are in risking their capital.  So you would likely see them pull back and end up collecting less in taxes than you do now.

Rationally the answer to tax shortages is to stop calling them tax shortages and start telling the truth that we have an out of control spending problem that should be treated as a spending problem.

When a head of a household makes 500k a year and they are having their house foreclosed on and their 45 cars repossessed and they have $250k in credit card bills, we don’t say they have an income problem and suggest they just find a way to make more money.  We admit they are spending freaks and they need to change their spending habits.

There is no reason to even consider raising taxes on anybody when it cannot solve the problem.  The project is for Americans to grow up and admit that the people in government get and maintain power by promising to spend money on them that they don’t have and can never collect in exchange for their votes.

Anybody wasting 5 seconds being upset that billionaires should pay more in taxes fundamentally does not understand math or doesn’t care enough to do the math.

Billionaire Lives Matter

[Jason]

Yeah the Q crowd on the right is nuts but you Dems have some special ones too. 

[St1ck]

42 minutes ago, Jason said:

Yeah the Q crowd on the right is nuts but you Dems have some special ones too. 

 

[St1ck]

11 minutes ago, calscuf said:

I just realized that since I’ve gotten a little fat because of the pandemic and being sick, and that I haven’t had a haircut since May, I look like Tucker Carlson now.

 

[JarsOfClay]

1 hour ago, Jason said:

Yeah the Q crowd on the right is nuts but you Dems have some special ones too. 

[St1ck]

1 minute ago, JarsOfClay said:

I'm not going to lie I still like Kid Rock's Devil Without A Cause album.

[angelinkc]

Give Trump a break. He couldn't get Gore to speak and every other white robed southern confederate endorsed Biden. Hell, the dems even booked our token black war hawk. 

[tdawg87]

13 minutes ago, st1ckboy said:

I'm not going to lie I still like Kid Rock's Devil Without A Cause album.

It's great. The title track especially. I love that his midget gets a line.

[St1ck]

6 minutes ago, tdawg87 said:

It's great. The title track especially. I love that his midget gets a line.

RIP Kid Rock's midget.

[Jason]

Joe C!!

[Lou]

I just learned an hour ago that the DNC is going on right now.

[Jason]

1 hour ago, JarsOfClay said:

All of those more sane than the mermaid they/them. 

[angelinkc]

Nobody can argue the diversity of the dems. AOC spoke on a night filled with the klan, war hawks, and sexual predators. Followed up tonight with an Indian, a hooker, and gay black man.