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Message
re: The "tax the rich" ideaology.
Posted on 6/24/26 at 1:09 pm to theliontamer
Posted on 6/24/26 at 1:09 pm to theliontamer
quote:lol
"Rich people" cycle in and out.
1
Posted on 6/24/26 at 1:11 pm to theliontamer
quote:
Tax the rich, feed the poor
'til there are no rich no more
Unfortunately this is nothing new
Posted on 6/24/26 at 1:12 pm to LsuNav
This statement is misleading as well as demonstrably incorrect in it’s characterization in every metric except black household, that’s only if you’re factoring in the failures of 60’s democrats upon them.
Posted on 6/24/26 at 1:15 pm to Mo Jeaux
The top 1% earn around 23% if income in the country and pay 44% of federal taxes. That's 1% of the population paying almost half of all federal taxes. The top 10% pay over 70% of total Federal taxes. The bottom 50% of the country (half the population) pay 3% of Federal taxes. Some supposed failure to tax the rich is clearly not the problem.
This post was edited on 6/24/26 at 1:20 pm
Posted on 6/24/26 at 1:16 pm to LsuNav
quote:
We had a 72% tax braket until the 1970s then we destroyed the tax system. Has our society improved or devolved since the 1970s? We were arguably a greatest country in 1970 than we are now.
Tell me you don't understand taxes very much without telling me you don't understand taxes very much.
Posted on 6/24/26 at 1:21 pm to Craig86
quote:
They don't pay income taxes because they claim they don't have income.
Sure they do. Do you think Elon doesn't pay income tax when he is compensated via shares in company stock? I mean, his exercising of them this month is going to generate an income tax bill in the $40-50 Billion range (very conservative estimate), but sure, no income taxes paid.
quote:
They can buy whatever they want with that loan so basically it's income but it's not and they can basically just do that over and over whereas the average person could never.
Literally everyone can do it, the only difference is the scope. Hell, the largest benefactor of this exact principle is the middle class, just with a different asset.
quote:
Buy, borrow,die. It's a big party and you ain't in it.
Interesting. I find it funny how much this has gotten passed around these days, that people think they would go to all these links to avoid paying income taxes, only to allow these assets to go into their estate tax calculations instead
This post was edited on 6/24/26 at 1:38 pm
Posted on 6/24/26 at 1:22 pm to theliontamer
Most everyone is liberal until they start earning income and paying taxes. Tax the Rich people are pathetic, bottom feeders, who provide nothing to society.
Posted on 6/24/26 at 1:22 pm to Craig86
quote:
The rich have done a fantastic job of getting the middle class to hate the poor instead of the rich.
Why should the middle class hate anyone?
Posted on 6/24/26 at 1:27 pm to i am dan
quote:
Do you think they aren't getting taxed now?
No.
Posted on 6/24/26 at 1:28 pm to GBPackTigers
quote:
Imagine being so envious of others being successful, you want to bring them back to the leech’s level to where success is punished.
I can’t imagine that. Not sure if you’re casting that aspersion at me.
Posted on 6/24/26 at 1:28 pm to LsuNav
quote:
We had a 72% tax braket until the 1970s
It seems the estate tax then was 77% and Reagan lowered it to 50% in the mid 80's. Allowing for great transfer of wealth to the next generation.
Posted on 6/24/26 at 1:29 pm to themunch
quote:
Over taxing everyone’s boss/employer isn’t the good long term plan lefties think it is, and demanding more wages at the same time/
Agree. I think what might be more practical is placing limits on corporate stock buybacks. When executive compensation is pegged to stock evaluations you incentivize them to juice the stock price with whatever savings they get from corporate tax cuts.
Corporate stock buy backs used to be illegal and we did just fine without them.
Posted on 6/24/26 at 1:30 pm to BBONDS25
quote:
Why should the middle class hate anyone?
Depending on what end of the middle class someone resides on they might not be doing much better than the poor.
Posted on 6/24/26 at 1:31 pm to Mo Jeaux
quote:
No
the top 1% pay 40% of all federal taxes. Posted on 6/24/26 at 1:34 pm to LsuNav
quote:
We had a 72% tax braket until the 1970s then we destroyed the tax system. Has our society improved or devolved since the 1970s? We were arguably a greatest country in 1970 than we are now.
the average effective tax rates are almost identical between 1970 and 2025. The tax rates are just a part of the equation. This post was edited on 6/24/26 at 1:35 pm
Posted on 6/24/26 at 1:35 pm to Broke
quote:
I've worked in finance all my career. The rich get fricked at a disproportionate rate. Rich pay 36% in taxes while some trailer trash bitch with 5 kids doesn't work but somehow gets a "refund" of $9,000. This is just fricking people even worse. If you don't think they pay their fair share you should dig harder
I think you’re making some inferences from my question, which I was not alleging. I’m not sure what you do in finance, but in 2026, the 35% income tax bracket covers a lot of people that I’m not sure I would call “rich”, although this is raising a good question about what group(s) we’re discussing.
I certainly agree that lower income people should have more skin in the games than they do.
Posted on 6/24/26 at 1:35 pm to Craig86
quote:
They take loans out of the bank at extremely generous interest rates like 1%,
Posted on 6/24/26 at 1:36 pm to BBONDS25
quote:
I think you should read the question to which I was responding more carefully.
Posted on 6/24/26 at 1:36 pm to bbvdd
quote:
It's to sow discord in the young people.
That's all it is.
You sow that discord and they (young people) will carry out the "leader's" desires which it to take over the country.
Look back at history. That's how every communist regime came into power.
This is the correct answer. A good portion of this generation has been indoctrinated to believe that it’s not fair for these people to have so much money. It doesn’t matter to them if they worked for it or not. They are taught to hate them. They firmly believe that their wealth should be distributed amongst the population so they don’t have to work. So much of this generation doesn’t want to grow up and be responsible. They would rather live in a total surveillance state with no freedoms and not have to work or grow up than to work and grow in the American Way.
They have been raised to aspire for socialism.
Posted on 6/24/26 at 1:39 pm to LsuNav
quote:
We had a 72% tax braket until the 1970s then we destroyed the tax system. Has our society improved or devolved since the 1970s? We were arguably a greatest country in 1970 than we are now.
Wanna know how I know that i probably pay more in taxes than you make every year?
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