I think estate tax should only be on property with value of more than 5-10 million. I'm not talking about taxing middle class homes. When you look at the history of South and how plantations and homes were passed from generation to generation using slave labor its disgusting. Alot of these rich ranchers in the south have never paid a dime on their property after using slave labor for decades. We give oil and gas billions of dollars of wasteful subsidies every year. How about we finally implement a real tax on stock buybacks. Who the hell benefits from board members artificially pumping up theirstocks? Lets tax hedge funds properly. There's trillions of trillions of dollars of untax wealth out there that benefits nobody buy the top 1%.
We already have an estate tax -it starts at around $12MM. That said, it's a miniscule portion of the budget and there are lots of potential ways to work around it in varying degrees.
https://www.propublica.org/article/...-exploit-special-trusts-to-avoid-estate-taxes Yeah but the current estate tax is a scam. Most people get around it. Ending Carried interest would give us billions and literally that just helped hedge funds.
The United States collected more revenue in 2021 than any year prior. That's true of almost every year (a couple of times it has gone down a bit for a year or two, but always goes back up). In 2022, it reached a new high of 4.9 trillion dollars (with a T). There is not a revenue problem, there is a spending problem. In 2021 the US Federal government spent more than 7 trillion dollars. U.S. Federal Tax Revenue by Year (thebalancemoney.com) Federal Spending | U.S. Treasury Fiscal Data Government Revenue | U.S. Treasury Fiscal Data
The equation "Revenue minus Spending equals Deficit or Surplus" takes into account both Spending and Revenue. It is a falsehood to claim that only Spending matters. Any issue with this equation would be a result of both Spending and Revenue, not just one. Historically, Democrats have been more successful in managing debt and deficits, as well as the economy, because they approach the situation realistically and consider both sides. Republicans, on the other hand, ignore reality and ignore the role of Revenue in the equation, relying instead on their failed trickle-down economics ideology that primarily benefits the upper class at the expense of the middle and lower classes. This pattern of behavior from Republicans is also political, as they only express concern about Spending when they are not in power. When they hold power, they increase Spending and decrease Revenue.
The state of the GOP... https://www.huffpost.com/entry/miss...dren-carrying-guns_n_63e71736e4b022eb3e305904 Missouri’s Republican-controlled House of Representatives has voted against a proposal that would have banned children from carrying guns in public unless they had adult supervision. There is currently no age minimum to openly carry a gun in Missouri. The proposal went down to defeat in a 104-39 vote this week. Only a single Republican voted for the amendment, even though the change was initially touted as a “bipartisan” effort. Calls for change were triggered after a number of holdups by armed young teens. Videos have captured groups of children openly carrying rifles, including assault-style weapons, as they walk the streets of St. Louis. Democratic state Rep. Donna Baringer, who sponsored the amendment to a public safety bill, said that police in her district asked for the change. “We have 14-year-olds walking down the middle of the street in the city of St. Louis carrying AR-15s,” she said officers told her. “What has happened to us?” ... Since 2017, after Republicans overrode a veto by then-Gov. Jay Nixon (D), Missouri residents have not been required to take safety training, to undergo a criminal background check, or even to have a gun permit to carry concealed firearms in most public places. The move was celebrated by Republicans — but not by law enforcement.
If 12-year-olds are allowed to carry an AR-15 unsupervised, then they should also be allowed to drive, vote, and work. Republicans, let's make this happen.
just the opposite is true. it is too bad that you don't understand the higher marginal tax rate, applicable to the top 1% earners have been trending down drastically, since the Eisenhower years. It was touted as a historical accomplishment when, during the Reagan's time, the Congress was able to reduce the highest marginal income tax rate from 70% to 50% thanks to Trump's tax cut, it is now 37%, plus the uber rich is no longer subject to the alternative minimum tax
If said 12 year old accidentally unloads his full mag in a mall, killing many, he/she will be tried as an adult unless he/she comes from a good white family with everybody saying he/she is such a great kid.
Why is it that Republican apologists just cannot grasp the notion that a nations economy is not the same thing as a family savings account? These people also never shut up about how presidents like Reagan “grew” the economy. Like do you want to actually grow your economy by reinvesting every dollar coming in or do you want to recess your economy by pulling back and just paying off treasury bonds that are going to get paid back anyways in the future when they are scheduled to be paid anyways?? You can make an argue to recess the economy in order to try and pay down our debt for sure… that’s fine. But when your next presidential candidate comes on stage and talks about growing the economy while also cutting revenue by slashing taxes just remember that the GOP is full of sh$t. It’s like me telling my wife that I’m going to pay off our two cars next year by cutting my hours at work because maybe if I don’t work as much my boss will buy me a new work laptop. The GOP equation makes no sense and it’s amazing that their voters still don’t get it.
Missouri residents have not been required to take safety training, to undergo a criminal background check, or even to have a gun permit to carry concealed firearms in most public places. What goes through the mind of these people? How are u against safety training and the bare minimum like a criminal background check? 14 y/o just walking the streets with AR-15’s? What is this, the Purge?
Again this is how ridiculous the firearms lobby and a culture that fetishizes firearms is. That children should be able to carry weapons with no supervision or even basic training. We don't even allow kids to do that with things that aren't lethal.
The revenue is higher than it has ever been, even with the evil tax cuts. If the revenue is at an all time-high and we still are running huge deficits, then it has to be the spending side that is the problem. If spending was way down and we were running huge deficits, then it would be obvious the revenue side was the issue. You can always spend less than you bring in. You cannot always bring in more than you chose to spend. See above re: revenue at an all-time high. This would be true if we were a centrally planned economy (and if a centrally planned economy actually worked). We are a regulated market economy. The government spending is not the primary driver of growth, the free market is. It would be more like wondering why you have so much debt when you just got a raise and are making more than you ever have before and not paying attention to the fact you just bought a Hummer and added your neighbor working part time at Bojangles to your health insurance and retirement.
Record revenues in of itself doesn't nullify the revenue argument. To use your raise/Bojangles argument, you could be working 30 hours a week at a job, get a raise and be at "record income". That doesn't negate that you should consider working 40 hours (recognizing that reduces utility of free time) or that you should not buy a Hummer. The national debt conversation will be serious when folks realize it won't be solved with one side of the equation, as the previous poster alluded to. I actually had hope that something would come of the Simpson Bowles commission but obviously nothing did and we settled for the temporary hatchet to the budget during the debt ceiling fight.....
it is as meaningless as the population is at an all time high, the work force is at an all time high GDP is at at all time high you need to lift you head out the sand, pretending that thinking that the economy is static, citizens will not get old and retire. we have all the infrastructure / technology / knowledge we will ever need
