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re: Identity Politics are being used to divide this Country like no other time
Posted on 6/7/20 at 9:22 pm to dawgfan24348
Posted on 6/7/20 at 9:22 pm to dawgfan24348
quote:
Not a good thing
Nope, a damn good thing.
quote:
Ah yes nothing like more proxy wars
Wait , I thought Russia was our mortal enemy. Hillary said she would have invaded Syria.
Trump also took out the heads of ISis and enforced the Red Line in Syria.
Yet, here we are with no escalation of any wars with anyone because he’s not a neocon or like Hillary who is a warhawk.
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Posted on 6/7/20 at 9:24 pm to Prettyboy Floyd
quote:
Wait , I thought Russia was our mortal enemy. Hillary said she would have invaded Syria
Never once did I say I sided with people like Hillary you need to stop assuming
quote:
Trump also took out the heads of ISis
And good on him for that but now it's time to leave
quote:Ah yes the false flag that was the chemical attacks
enforced the Red Line in Syria.
quote:
no escalation
Iran says hi
This post was edited on 6/7/20 at 9:25 pm
Posted on 6/7/20 at 9:24 pm to dawgfan24348
quote:
Expect this is true like holy frick man it's not Dems trying to divide people if it's true. The establishment Republicans are in it for the ultra rich. The establishment Dems are as well
We disagree here.
I would assume by "ultra rich" you mean the top 1%.
1980 the top 1% of earners paid 20% of federal income tax.
2017 the top 1% of earners paid over 38% of federal income tax.
1980 the bottom 50% of earners paid 8% of federal income taxes.
2017 the bottom 50% of earners paid less then 3% of federal income taxes with the bottom 47% of earners net net paying zero.
So you see where the trend is going. The rich are paying a higher share of the federal tax burden. The poor are getting the breaks and paying less.
Add to that Trump cut taxes in 2017. The percentage the top 1% pay went up from 37% in 2016 to 38% in 2017.
So since 1980, who has cut taxes...the Republicans.
Since 1980, who has been raising taxes...the Democrats.
So the question is who has the tax cuts favored?
According to the numbers the poor have benefitted greatly and the top 1% have had the percentage of federal income taxes they pay almost double.
Yet idiots, on the left, believe that the tax cuts have only been favoring the rich which is a total lie(meaning its's not true).
This is Democratic class warfare 101(which you say is not happening). The Democrats continue to say the Republicans are cutting taxes for the rich and giving you, the poor, nothing. That has been the Democrat talking point for 30 years. Divide and conquer.
I disagree with all your other crap too but am too tired to reply.
This post was edited on 6/8/20 at 7:22 am
Posted on 6/7/20 at 10:00 pm to frogtown
frogtown, you are actually understating it. You are understating the extent to which the 1% are floating this whole country.
The top 10% of income earners pay more federal taxes than the bottom 90% combined.
Our tax system is nothing if not progressive. The US actually has the most progressive tax system on the planet.
And that's just taxes. Think about commerce and economy. That same top 10% is responsible for an extremely large share of commerce, ie "buying shite" that has to be invented, engineered, manufactured, distributed, marketed, sold, delivered. The backbone of the economy is based on this top 10% using their money (after taxes) to buy shite. Millions of jobs, not just jobs, millions of careers are built on this.
But the rich aren't doing their fair share muh.
The top 10% of income earners pay more federal taxes than the bottom 90% combined.
Our tax system is nothing if not progressive. The US actually has the most progressive tax system on the planet.
And that's just taxes. Think about commerce and economy. That same top 10% is responsible for an extremely large share of commerce, ie "buying shite" that has to be invented, engineered, manufactured, distributed, marketed, sold, delivered. The backbone of the economy is based on this top 10% using their money (after taxes) to buy shite. Millions of jobs, not just jobs, millions of careers are built on this.
But the rich aren't doing their fair share muh.
Posted on 6/8/20 at 10:51 am to frogtown
quote:
Yet idiots, on the left, believe that the tax cuts have only been favoring the rich which is a total lie(meaning its's not true).
A point of clarity on this.
The sheep believe this because they believe what they're told by their handlers.
The handlers know this is false - but their objective (as it was saying above) is to promote division for political gain.
Posted on 6/8/20 at 10:57 am to deeprig9
quote:
And that's just taxes
And even that does not include property taxes and sales taxes.
I'd love to a study of the total state and federal tax load broken out by income level compared with total use/benefit of government programs (minus SS and Medicare) and use of resources.
Posted on 6/8/20 at 11:17 am to SquatchDawg
The rich pay a share of collected taxes than they did in 1980. That's true.
What's also true is they pay a lower rate than they did in 1980. Why is that? Because we've structured rules and taxes to inflate their income and depress the income of the majority of Americans.
The top capital gains tax was near 30% in 1980. It's 15% now. The rules that discouraged abuse at the top and encouraged investment have been gutted or eliminated, and now even with the lower tax rates the richest Americans are extracting such an inflated compensation compared to contribution that they end up paying more.
There's no reason why a bailed out airline should be able to do stock buybacks that accomplish nothing but inflating stock prices and increasing executive compensation. Instead refs should encourage investing in research, saving so they don't need another bailout, and/or hiring and compensating employees. The system is sick not simply because of tax law, but because the rules that incentivised beneficial economic activity are no longer in place.
What's also true is they pay a lower rate than they did in 1980. Why is that? Because we've structured rules and taxes to inflate their income and depress the income of the majority of Americans.
The top capital gains tax was near 30% in 1980. It's 15% now. The rules that discouraged abuse at the top and encouraged investment have been gutted or eliminated, and now even with the lower tax rates the richest Americans are extracting such an inflated compensation compared to contribution that they end up paying more.
There's no reason why a bailed out airline should be able to do stock buybacks that accomplish nothing but inflating stock prices and increasing executive compensation. Instead refs should encourage investing in research, saving so they don't need another bailout, and/or hiring and compensating employees. The system is sick not simply because of tax law, but because the rules that incentivised beneficial economic activity are no longer in place.
Posted on 6/8/20 at 11:42 am to chillmonster
quote:
The top capital gains tax was near 30% in 1980. It's 15% now.
What is a fair aggregate tax rate for capital gains?
quote:
The system is sick not simply because of tax law, but because the rules that incentivised beneficial economic activity are no longer in place.
I haven't read the entire thread and may be jumping in on something that you have already covered. What do you mean by the above statement?
Posted on 6/8/20 at 2:59 pm to chillmonster
quote:False.
The top capital gains tax was near 30% in 1980. It's 15% now.
Not only was it 28% in 1980, but it was 24% in 81, and then 20% from 82-86.
AND TODAY...
it's also 20% based on income.
Posted on 6/8/20 at 10:43 pm to chillmonster
I don’t know about the tax rates but I really don’t disagree with most of what you said. I disagree with high taxes on capital gains though as that money was already initially taxed.
The culprit IMO for a lot of our problems is the Fed and fractional reserve lending. We’ve been sold that inflation is our friend yet people wonder why everything is so expensive and lower income families can’t afford to live. Creating money with credit is great for those that can make money off of money without having to pay interest to the savers for the use of it....but that’s typically not your middle to lower classes.
Housing, food, energy and other necessary goods have exploded in cost over the last 30 years. Great for the stock market but not for the working poor. You can be a conservative as I am and still see the effect of monetary policy. If you can’t buy assets that inflate in value you’re left behind.
Think of what the world would look like if money couldn’t be created out of thin air for borrowing. Sure those of us with means would have less stuff...but govts could not run endless deficits, asset and commodity prices would be much lower, M&A would be a fraction of what it is now (ie more local and regional businesses), and savers would be paid interest for the use of their capital. The distance between lower and higher income would be compressed.
This can’t happen now because the reset would an enormous crash. Also, all politicians are beholden to their donors and the financial elite.
This isn’t a left right issue IMO but a policy issue that nobody wants to address.
The culprit IMO for a lot of our problems is the Fed and fractional reserve lending. We’ve been sold that inflation is our friend yet people wonder why everything is so expensive and lower income families can’t afford to live. Creating money with credit is great for those that can make money off of money without having to pay interest to the savers for the use of it....but that’s typically not your middle to lower classes.
Housing, food, energy and other necessary goods have exploded in cost over the last 30 years. Great for the stock market but not for the working poor. You can be a conservative as I am and still see the effect of monetary policy. If you can’t buy assets that inflate in value you’re left behind.
Think of what the world would look like if money couldn’t be created out of thin air for borrowing. Sure those of us with means would have less stuff...but govts could not run endless deficits, asset and commodity prices would be much lower, M&A would be a fraction of what it is now (ie more local and regional businesses), and savers would be paid interest for the use of their capital. The distance between lower and higher income would be compressed.
This can’t happen now because the reset would an enormous crash. Also, all politicians are beholden to their donors and the financial elite.
This isn’t a left right issue IMO but a policy issue that nobody wants to address.
This post was edited on 6/8/20 at 10:45 pm
Posted on 6/8/20 at 11:40 pm to SquatchDawg
quote:
Housing, food, energy and other necessary goods have exploded in cost over the last 30 years
Housing yes but food and energy?
At times energy has but I'd say it's stablized and somewhat lower than it's been in a long time taking inflation into account. I'd say food is at a low point as well,taking inflation into account. Electronics and other appliances are all relatively inexpensive. Inflation is pretty much under control.
Not sure of your definition of "working poor" but any household that makes 50k or under is eligible for WIC.
quote:
Great for the stock market but not for the working poor.
Why wouldn't be great for the working poor with a 401k?
Posted on 6/9/20 at 7:51 am to RD Dawg
I don't know that food is relatively low.
A big mac in 1986 was $1.80.
Now, it is $3.99.
My personal shopping index has been a 2 liter of coke. In the 90s, it was regularly $0.69. Now my regular price is $1.69 (with the occasional $0.99 after a superbowl).
By low, do you mean not as bad as housing?
A big mac in 1986 was $1.80.
Now, it is $3.99.
My personal shopping index has been a 2 liter of coke. In the 90s, it was regularly $0.69. Now my regular price is $1.69 (with the occasional $0.99 after a superbowl).
By low, do you mean not as bad as housing?
Posted on 6/9/20 at 8:24 am to Prettyboy Floyd
quote:
Trump is the only option.
Which illustrates just how fricked we really are, when Donald Trump is considered the only option.
For the first time in my life I'm seriously considering expatriating because I just don't see shite getting any better. We're completely deadlocked as civil discussion has become impossible and compromise has become a dirty word. Both D and R reps don't care about passing laws to try and move the ball forward, they simply care about pandering to the extreme factions of their own parties so they can win their primaries and general elections. As someone who falls somewhere in the middle, it's fricking infuriating.
Posted on 6/9/20 at 8:33 am to RD Dawg
Groceries are ridiculously expensive....it’s hard to get out of the grocery store for under $100 and by energy I’m talking more electricity.
Also I’m not talking over the last year or so but more the last 20 to 30 years...it’s been a long burn. I’d love to see CPI figures over the last 20 years ex technology
And I don’t think many of the working poor have 401ks. Either due to lack of availability, money or opting out. Only one of those is a bad decision.
Also I’m not talking over the last year or so but more the last 20 to 30 years...it’s been a long burn. I’d love to see CPI figures over the last 20 years ex technology
And I don’t think many of the working poor have 401ks. Either due to lack of availability, money or opting out. Only one of those is a bad decision.
Posted on 6/9/20 at 8:42 am to crispyUGA
The Democrats have played one of the dirtiest tricks of all time on Trump and he still has accomplished a lot. I look forward to a second term unhampered by deep staters...
I look forward to all the Coupe plotters going to prison.
I look forward to all the Coupe plotters going to prison.
Posted on 6/9/20 at 11:14 am to crispyUGA
quote:
Which illustrates just how fricked we really are, when Donald Trump is considered the only option.
The GOPe ans democrars have been fricking everyone over and enriching themselves for decades. Trump came in and fricked over all the Kstreet lobbying firms that write all of the laws in this country - not your congressman by the way. Why do you think Pelosi said we will have to pass the law to see what’s in it referring to Obama care. Trump unlike your typical GOPe / Democrat wasn’t on anyone’s team ready to keep the money pot rolling. That’s why the Republican Party rolled over and stuck their fingers in their ears when the Russian investigation was ramping up and when it hit full throttle. They wanted him gone just as much as the lying lefties. Trump bucked the status quo because the American people were sick of these swamp rat pieces of shite getting rich while voting for their own pay raises. Trump is the best thing that’s ever happened for this country for that aspect alone. Never mind the fact that he’s actually a Patriot that loves our country and wants America to be strong. He’s got an ego and he has flaws that rub independents the wrong way because he is brash but that’s honestly what this country needed. Weak knee republicans became worthless.
Posted on 6/9/20 at 11:23 am to lewis and herschel
quote:
I look forward to all the Coupe plotters going to prison.
Don't get your hopes up. The DOJ and FBI and others are still knee deep with swamp rats - some appointed by Trump because of his backstabbing advisors.
Barr has already declined to prosecute Comey and McCabe.
That tells me that the only real prison time will be for the FBI lawyer that doctored emails and possibly Peter Strozk who essentially tried to rail road a 3 star general. This shite always rolls down hill not up even though Peter was pretty high up the FBI ladder.
Posted on 6/9/20 at 11:44 am to SquatchDawg
LINK
Food inflation is at all time low the last 20 years.
You obviously didn't live through the 70's.And take a look at the energy "inflation" over the last 12 months.
What time frame are you using as your own personal reference for food inflation? 5 years? 10 years? Are you only buying organic food? WTF?
What occupations are you referring to and what do you consider "working poor?"
Walmart,HD, Lowe's,Kroger cashiers and entry level positions? Factory workers? All have matching 401K's and some have stock options.
Food inflation is at all time low the last 20 years.
You obviously didn't live through the 70's.And take a look at the energy "inflation" over the last 12 months.
What time frame are you using as your own personal reference for food inflation? 5 years? 10 years? Are you only buying organic food? WTF?
quote:
Why wouldn't be great for the working poor with a 401k?
What occupations are you referring to and what do you consider "working poor?"
Walmart,HD, Lowe's,Kroger cashiers and entry level positions? Factory workers? All have matching 401K's and some have stock options.
This post was edited on 6/9/20 at 12:03 pm
Posted on 6/9/20 at 1:15 pm to RD Dawg
quote:
Food inflation is at all time low the last 20 years.
Most of that is the most recent decade.
Still, food inflation is higher than median wage increases the past 20 years per SSI (average wage inflation is higher than the food inflation for the past 20 years. But the richest gainers are pulling that average number much faster than the median earners are increasing).
And there are always studies that refute the CPI as reflective of real life circumstances (food is excluded from the core inflation rates because the prices for food are deemed too volatile. Yet that volatility doesn't show in the food study... makes you wonder what info is used in the food study)
Posted on 6/10/20 at 5:43 pm to Prettyboy Floyd
Sorry I missed this thread but wanted to pop in and say I’m disappointed it took a Clemson fan to speak some common sense in here.
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