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re: Congressional Black Caucus pushes for reparations commission ... a vote is coming
Posted on 7/1/20 at 3:59 pm to Indefatigable
Posted on 7/1/20 at 3:59 pm to Indefatigable
quote:
Where did I say that I thought it was?
I must have misunderstood ... so, what's your point about a wealth tax being counter to (founding) American principles?
1
Posted on 7/1/20 at 4:04 pm to David_DJS
quote:
what's your point about a wealth tax being counter to (founding) American principles?
That is my point. They are. And what he suggested is not a wealth tax.
No one should be punished (hence punitive tax) based solely on the fact that he happens to be in an arbitrarily defined group of the “most successful” people.
This suggestion is not a progressive income tax regime or even as you put it, a “wealth” or estate tax, it would be a punitive one time wealth redistribution tax taken from individuals and directly paid to others based on nothing other than their status as “rich” for the singular purpose of evening the economic playing field. Whenever it’s been generations since the events at issue, and absolutely zero of those “rich” played any part in it, that is unacceptable.
Even if you don’t care or disagree with how that situation interplays with our national ideals, it’s just absolutely horrendous economic policy.
This post was edited on 7/1/20 at 4:07 pm
Posted on 7/1/20 at 4:12 pm to Indefatigable
quote:
This suggestion is not a progressive income tax regime or even as you put it, a “wealth” or estate tax, it would be a punitive one time wealth redistribution tax taken from individuals and directly paid to others based on nothing other than their status as “rich” for the singular purpose of evening the economic playing field. Whenever it’s been generations since the events at issue, and absolutely zero of those “rich” played any part in it, that is unacceptable.
Is it okay when it goes the other way? I'm just trying to understand your argument.
quote:
ven if you don’t care or disagree with how that situation interplays with our national ideals, it’s just absolutely horrendous economic policy.
How so? Be specific.
Posted on 7/1/20 at 4:13 pm to Breesus
quote:
reparations
quote:
welfare
Insert 'these photos are the same' gif.
Posted on 7/1/20 at 4:16 pm to David_DJS
quote:If the government decides to pay $1 trillion + in reparations then we have already passed the point of no return on bad economic policy. Any action taking subsequently to fund that will be disastrous. Hell the only other option might be to just give China the bird.
Even if you don’t care or disagree with how that situation interplays with our national ideals, it’s just absolutely horrendous economic policy.
Posted on 7/1/20 at 4:21 pm to David_DJS
quote:
How so? Be specific.
For starters, it is an inherent disincentive to actually strive and accumulate wealth. Ambition and upward mobility are enormous parts of what has made this country successful. Not that people will stop being successful, they will simply put their assets in places with more favorable treatment. That is a net negative for society in general, as that category of people account for an enormous portion of existing taxes.
Also, simply throwing money at people is going to solve ZERO of the problems that reparations supposedly aim to compensate for. Do you not remember 2007-2008 and what happens when millions of people are effectively gifted property that they cannot afford long term? Do you think that money is going to be going to HSA's and college tuition--because you are naive beyond discussion if so.
Raw wealth redistribution is a one-way ticket to brain drain and having your best and brightest take their money elsewhere. If this is done once, on that large of a scale, it will not be the last time. The government will reach into the pockets of those deemed "rich" the next time it needs cash to solve a political problem, and the amount of money which makes one "rich" will only get lower.
quote:
Is it okay when it goes the other way? I'm just trying to understand your argument.
I'm confused on what you are asking. What other way? As far as I am aware, we have never mandated in this country that the poorest X% of individuals pay a one time amount to any certain group in order to solve 19th Century grievances.
This post was edited on 7/1/20 at 4:23 pm
Posted on 7/1/20 at 4:23 pm to Azkiger
I am as conservative as can be. I have no problem with paying reparations. But aren't they all dead now?
Posted on 7/1/20 at 4:29 pm to Jjdoc
The United States was not involved in the slave trade so there is no way of doing it - gifts would be unconstitutional based on race.
This post was edited on 7/1/20 at 4:30 pm
Posted on 7/1/20 at 4:30 pm to Jjdoc
Strict political move to hopefully get it to Senate to make Republicans look bad. They know it will never pass. I just hope people nut up and call BS on it. No one has yet.
Posted on 7/1/20 at 4:33 pm to Jjdoc
quote:
Congressional Black Caucus
Racist
Posted on 7/1/20 at 4:34 pm to PaperTiger
quote:
Racist
Yup, a bunch of racists in a racists organization.
Posted on 7/1/20 at 4:38 pm to Indefatigable
quote:
For starters, it is an inherent disincentive to actually strive and accumulate wealth. Ambition and upward mobility are enormous parts of what has made this country successful. Not that people will stop being successful, they will simply put their assets in places with more favorable treatment. That is a net negative for society in general, as that category of people account for an enormous portion of existing taxes.
Doesn't this depend on where that wealth is transferred to?
What's better for the economy, 600 billionaires with $2T in net assets, or 200,000 people with $10 million each for a total of $2T in net assets?
quote:
Also, simply throwing money at people is going to solve ZERO of the problems that reparations supposedly aim to compensate for. Do you not remember 2007-2008 and what happens when millions of people are effectively gifted property that they cannot afford long term? Do you think that money is going to be going to HSA's and college tuition--because you are naive beyond discussion if so.
You have no clue what my views are, so calm down.
I'm not a fan of reparations, but think they're a real thing in our future so rather than feign righteous indignation right up to when checks are cut, I suggest opponents get as much out of reparations as possible.
quote:
Raw wealth redistribution is a one-way ticket to brain drain and having your best and brightest take their money elsewhere
This is BS. Do you seriously think Taylor Swift, Jay-Z, Lebron James or even Jeff Bezos escaping to their own island is going to be even a tiny blip of a brain drain from the US?
quote:
I'm confused on what you are asking. What other way? As far as I am aware, we have never mandated in this country that the poorest X% of individuals pay a one time amount to any certain group in order to solve 19th Century grievances.
Wealth redistribution doesn't have to entail just a one time transaction. Here are a couple of recent wealth redistribution programs "the other way."
1. TARP - was without question a wealth redistribution program from the middle class to the wealthiest Americans.
2. The open border - is very clearly a wealth redistribution program from the working class to the employer-class (I'm one).
This post was edited on 7/1/20 at 4:40 pm
Posted on 7/1/20 at 4:39 pm to Jjdoc
Sorry, a claim for reparations prescribed along time ago. The confederacy no longer exists.
The United States has been paying reparations since the 1960s with implementation of the great society programs. Those programs have been the battering ram that effectively served to destroy the black family by creating a culture of free benefits, welfare, single mothers and fatherless homes.
The United States has been paying reparations since the 1960s with implementation of the great society programs. Those programs have been the battering ram that effectively served to destroy the black family by creating a culture of free benefits, welfare, single mothers and fatherless homes.
Posted on 7/1/20 at 4:42 pm to David_DJS
quote:
I'm not a fan of reparations, but think they're a real thing in our future so rather than feign righteous indignation right up to when checks are cut, I suggest opponents get as much out of reparations as possible.
They have no future as the United States was never even involved in the slave trade, when people talk of "reparations", they are actually talking about a gift. That would be unconstitutional based on race. Now they can give everyone a gift.
Posted on 7/1/20 at 4:45 pm to Big Scrub TX
Completely unconstitutional and not feasible.
Jim Crow laws were not federal and therefore cannot come from federal coffers.
New York cannot pay for the sins of Alabama and should not as they would have a disproportionate share of the burden anyway.
The only way to do it is target individual states and they will 100% secede if pushed by fedgov to do this.
Reparations will cause blood shed.
Jim Crow laws were not federal and therefore cannot come from federal coffers.
New York cannot pay for the sins of Alabama and should not as they would have a disproportionate share of the burden anyway.
The only way to do it is target individual states and they will 100% secede if pushed by fedgov to do this.
Reparations will cause blood shed.
Posted on 7/1/20 at 4:46 pm to GeauxFightingTigers1
quote:
hey have no future as the United States was never even involved in the slave trade, when people talk of "reparations", they are actually talking about a gift. That would be unconstitutional based on race. Now they can give everyone a gift.
Do you think a Dem president and Dem controlled congress would be incapable of figuring out how to get trillions in payments to the "aggrieved" however they define the aggrieved?
Posted on 7/1/20 at 4:46 pm to Jjdoc
This will help reelect Trump. Please frickers vote for it.
Posted on 7/1/20 at 4:47 pm to westide
quote:
This will help reelect Trump. Please frickers vote for it.
Thinking the same thing -
Posted on 7/1/20 at 4:48 pm to Jjdoc
frick them.
Posted on 7/1/20 at 4:50 pm to David_DJS
quote:
I suggest opponents get as much out of reparations as possible.
Oh yea, because it will definitely only happen once
quote:
What's better for the economy, 600 billionaires with $2T in net assets, or 200,000 people with $10 million each for a total of $2T in net assets?
Yea, because that’s how that would work. Also, wealthy and fiat money are not zero sum. But hey, at least you’re only giving out random gifts to 200,000 as opposed to the tens of millions of black Americans. How did you choose them?
quote:
This is BS. Do you seriously think Taylor Swift, Jay-Z, Lebron James or even Jeff Bezos escaping to their own island is going to be even a tiny blip of a brain drain from the US?
Why did you mention any of these individuals? Why would they leave? and why would those 4 people be the only ones who did so if they did? Not sure what you are talking about there
quote:
Wealth redistribution doesn't have to entail just a one time transaction. Here are a couple of recent wealth redistribution programs "the other way." 1. TARP - was without question a wealth redistribution program from the middle class to the wealthiest Americans. 2. The open border - is very clearly a wealth redistribution program from the working class to the employer-class (I'm one).
Both of those things are/were HORRENDOUS policy. Again, not sure what point you are making.
This post was edited on 7/1/20 at 4:57 pm
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