Ima take the silence of fellow red-pilled members like @Os Trigonum @tinman @El_Conquistador etc. as tacit endorsement of bark boys spooge.
What if the year after the US ran a deficit, they levied an additional 10% tax of those who make more than 250K. If the US still ran a deficit the next year, bump the 10% to 20%. At some point, the US will stop running a deficit. As a corollary, the US could also levy a hard 10% AMT on businesses, which could also increase until the US no longer is running a deficit.
Taxes are revenue, but tax increases do not necessarily lead to revenue increases and tax reductions do not necessarily lead to revenue reductions, because the taxpayers are not held at a constant income when you make these changes. True. This is an incredibly terrible idea. The rich (top 1%) pay over 30% of all taxes. The top 10% pay almost 70% of all taxes (over 70% of income taxes). The bottom 50% pay negligible taxes. If you taxed the rich out of existence, who would be paying for all the benefits you want to hand out? Nobody wants to say it because it would be political suicide. They may as well just join the American Communist Party. They run on saving/expanding benefits because they know they can buy votes by promising people free stuff that other people will have to pay for. Nonsense. Cutting benefits is a perfectly legitimate way to stimulate the economy. It would drive more people into the job market, allow more investment and spending by the people that are currently footing the bill sustaining those benefits, and allow revenue growth among the people that pay the highest tax rates. Oh, I don't doubt the Bernie Sanders raise taxes on the rich, they will pay your way message will play well with Democratic voters. That doesn't make it good policy.
nonsense; increasing taxes on the rich is an effective way to generate revenue for the Gov Increasing taxation on the rich is warranted, in that the top 1% earn > 60% of the income is there a better eg of meaningless rhetoric
Go join the rest of your clan https://www.cnn.com/2025/12/15/us/patriot-front-white-supremacists-tennessee
President Ronald Reagan raised taxes during several key years: 1982: The Tax Equity and Fiscal Responsibility Act raised taxes by $37.5 billion per year. 1984: The Deficit Reduction Act included increases in taxes on estates and distilled spirits. 1985: Legislation made permanent a 16-cent federal excise tax on a pack of cigarettes. 1986: The Tax Reform Act lowered the top income tax bracket from 50 percent to 28 percent. 1987: The Omnibus Budget Reconciliation Act extended the telephone excise tax and eliminated a real estate tax deduction loophole. These actions were part of Reagan's broader strategy to combat rising deficits and debt. President George HW Bush, in 1990, raised the marginal tax rate from 28% to 31%
This is a result of most of the rest of the world moving to renewables because they don't have their own fossil fuels. Renewables are cheaper per Kw/h than fossil fuels right now. With gas falling, inflation should be falling, but the stupid tariffs have more than made up for falling gas prices.
Thank you for a simple response that gets to the point and doesn’t chase down rabbit holes. Also when I say “tax the billionaires out of existence” I’m not speaking about destroying their ability to exist as people. As 999millionaires, I believe they’ll still be able to live a decent, albeit modest, life. Now if Trump or Elon ONLY had 998 million then I think that would warrant a go-fund me and a charity drive to benefit their plight.
The current billionaire class has no idea what they are doing. The gilded age robber baron class spent 100 years shielding themselves from the poor with a series of welfare programs and social safety nets. Now you have these "libertarian" tech bros jumping around on stage with chainsaw cutting programs while simultaneously taking a trillion dollar compensation package. Musk has a higher chance of ending like Mussolini than dying old and happy.
The top .1% also plays games to have no income while being compensated with stock options and buybacks. They get paid in stocks and artificially inflate stock prices with buybacks instead of paying dividends. The whole stock market is a borderline ponzi scheme at this point. You can't tax someone that technically doesn't have an income with the current tax system. The whole corporate world needs massive reforms.
this is incredibly intellectually dishonest. income taxes are levied based on income level. the top 1% earn > 60% of the gross income. based on Moniker's claim that they pay 30% of the income taxes. to be equitable, it needs to be closer to 60%
Span out what 5/10/15/20 years of what? Gas prices? Since last month they were 5-6 cents above a year ago and now it’s 5-6 cents below a year ago, do we call it even? Not sure how you want to do that. If the current 5-6 cents difference were to hold it would be about $30 a year. I guess that $30 a year helps off set the spiraling cost of food and staples - or that $30 can be put towards that massive wealth tax Trump and congress came together on. I largely agree with you.
House GOP tensions erupt as Republicans turn on each other heading into year's end House Republicans are scrambling to find a solution to sky-high health costs as the clock ticks on Obamacare tax credits that were enhanced during the COVID-19 pandemic.
