Bernie Sanders Thread

#826
#826
G0 BIG 0RANGE said:
That's not how marginal tax rates work though. If you make $400,000 a year and are in a 35% tax bracket, that doesn't mean you turn over 35% of your income over to the IRS. Only the money made in excess of the $400,000 is taxed at that rate, while the rest is taxed at lower rates. Not to mention the assortment of exemptions, deductions, and credits one could take advantage of. Your effective tax rate is the percentage that actually goes to the government, and it isn't 35% or 90% in either case. And I agree, putting the marginal tax rate up to 90% is excessive, but I was just pointing out that it isn't unheard of.

Having said that, I believe income inequality does exist whether we want to admit it or not. The middle class hasn't benefited from our economic growth at or near the rate of the highest earners. And I'm an "Occupy Wall Street" person, I'm just calling a spade a spade. Whether we deserve it? I don't know. It's just fun to debate.
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Please memorize, "roughly 19% of GDP".

No matter what the rates (90%, 50%, 15%) the amount of money paid is very stable around 19%. Has been since the 1940s. Bernie is making a political play based on envy.
 
#827
#827
Kingston Vol said:
I watched a documentary on Netflix the other day as I was cleaning, and it said our deficit has more to do with corporations not paying taxes than it does increased spending from the government. There is fat to trim, obviously, but these large corporations should pay their fair share in order to do business in the United States.
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Whatever docudrama that was had to be pure excrement. Our corps are being taxed to death. So much so, they are setting up foreign subsidiaries to escape.
 
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#828
#828
Gramps said:
Think about what you just posted Kingston.


Corporations increase the cost of their products or service to cover the cost of any taxes they pay. This increase is passed on to the consumer. In reality, corporate taxes are no more than another tax on the American citizen that purchases the products or services of these corporations.
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Socialists hate math and hate economics
 
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#829
#829
Kingston Vol said:
I watched a documentary on Netflix the other day as I was cleaning, and it said our deficit has more to do with corporations not paying taxes than it does increased spending from the government. There is fat to trim, obviously, but these large corporations should pay their fair share in order to do business in the United States.
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What do you suggest is their fair share? Throw a number out there
 
#830
#830
OrangeWayOfLife said:
There is corporate income tax, close to 40%
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The very small corporation that my wife and I own, which follows the same set of rules as all "C" corps regardless of size, mysteriously never has any income to tax at the end of the year. Why is that?
 
#831
#831
Gramps said:
Think about what you just posted Kingston.


Corporations increase the cost of their products or service to cover the cost of any taxes they pay. This increase is passed on to the consumer. In reality, corporate taxes are no more than another tax on the American citizen that purchases the products or services of these corporations.
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I get that 100% - but I think it's a ****ty way of living.

It's basically like saying, "these guys are going to get rich by taking money out of your wallet and there's nothing you can do about it."

I get that "greed is good" in business. And in an expanding world, competition is everything. Maybe nothing can be done about it. I just think, at one point these companies had pride in America that meant not seeking every inch of profit margin. That's gone today. And it sucks.
 
#832
#832
Mac Boles said:
Sanders’ Surge Shows Democrat Shift to Open Socialism

Sanders



With self-declared Socialist candidate Senator Bernie Sanders (I-Vt.) surging ahead of fellow far-left radical Hillary Clinton in the race for the 2016 Democrat presidential nomination among New Hampshire’s crucial primary voters, the Democrat Party is now officially the acknowledged vehicle for open proponents of Big Government anti-constitutional extremism. Clearly, something major is happening here — the Democrat Party is essentially becoming the Socialist Party, while most of the GOP establishment settles for socialism lite. And except among the Republican base, some independents, and so-called “blue-dog Democrats,” much of the public seems fine with it all. That should trouble anyone who values liberty or the U.S. Constitution.
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This is what happens when 50% of thre country is on govt gravey train.. It's like an addict.. More and more and if you take it away.. You are cruel...
 
#835
#835
BearCat204 said:
What exactly is income inequality? I seriously dont understand the term and would like someone to honestly explain it to me. Do it mean that the person next to me should be earning as much in wage that I do? Just not sure I follow what it is. Thanks
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BearCat204 said:
What do you suggest is their fair share? Throw a number out there
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Interesting how we dont have a definition for either but use both daily like we know exactly what they mean.
 
#836
#836
McDad said:
The very small corporation that my wife and I own, which follows the same set of rules as all "C" corps regardless of size, mysteriously never has any income to tax at the end of the year. Why is that?
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You are paying the profits out as wages or the corp is losing money. :)
 
#837
#837
Kingston Vol said:
I get that 100% - but I think it's a ****ty way of living.

It's basically like saying, "these guys are going to get rich by taking money out of your wallet and there's nothing you can do about it."

I get that "greed is good" in business. And in an expanding world, competition is everything. Maybe nothing can be done about it. I just think, at one point these companies had pride in America that meant not seeking every inch of profit margin. That's gone today. And it sucks.
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Capitalism and drive is what made this country the envy of the world.. Taxation and redistribution erodes that and create lazy people
 
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#838
#838
BeecherVol said:
Interesting how we dont have a definition for either but use both daily like we know exactly what they mean.
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Income inequality refers to the amount paid to the average worker at a corporation vs. the CEO of the organization. Of course the CEO should be and is paid more, but "rising income inequality" refers to which of these two parties' pay goes up and which one stays stagnant. (Assuming both are performing at or above average at their respective job.)
 
#839
#839
Kingston Vol said:
I watched a documentary on Netflix the other day as I was cleaning, and it said our deficit has more to do with corporations not paying taxes than it does increased spending from the government. There is fat to trim, obviously, but these large corporations should pay their fair share in order to do business in the United States.
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that's just typical Socialist thinking. It's always that we don't tax enough. It's never about controlled spending.
 
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#840
#840
Kingston Vol said:
Income inequality refers to the amount paid to the average worker at a corporation vs. the CEO of the organization. Of course the CEO should be and is paid more, but "rising income inequality" refers to which of these two parties' pay goes up and which one stays stagnant. (Assuming both are performing at or above average at their respective job.)
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Im familiar with what it refers to, and the way you just described it made my point.
 
#845
#845
income inequality concerns will usher in a new age of robotics thus quickening the inevitable Skynet wars. Get on the right side of history now guys!!
 
#846
#846
mrorange211 said:
I was just really inspired by your inspirational post man. I found myself looking for another part-time job on the side in addition to the one I already have while being full-time employed, so that I could get of my butt and make something of myself. I didn't understand that in order to get ahead in America all I have to do is work really hard, and that other circumstances like the death of a spouse, a car accident, or a parent moving in with me is my fault and why I can't seem to climb the social ladder. I mean the system can't be rigged to keep me from climbing can it? No way that can be true, because I mean we live in America where everyone has an equal chance no matter the circumstances.
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Yes the system caused all those issues. Sorry life is bad right now but voting for a socialist so that you have no hope of being more than mediocre ever in your life is stupid. Now, if you believe in socialism as an honest base for economics, I am still very sorry about your circumstances but why don't you move to Canada where they can take care of you and your parent.
 
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#847
#847
Kingston Vol said:
Income inequality refers to the amount paid to the average worker at a corporation vs. the CEO of the organization. Of course the CEO should be and is paid more, but "rising income inequality" refers to which of these two parties' pay goes up and which one stays stagnant. (Assuming both are performing at or above average at their respective job.)
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Problem is the average workers income is related to the product or service they provide. A CEO's income is based on how the company performs in the markets and that has almost nothing to do with the products and/or services their company provides. A person could dump their shares of lets say Kraft and cause a panic which makes other people dump their shares and destroy the company overnight. Did their products do that? Nope. It was the market which is basically white collar gambling.

Also keep in mind most of these $15 wage people work for restaurants or other businesses that are franchises. The parent company doesn't set wages nor do they pay wages, the franchise owner does. Not everyone who owns a McDonalds is sitting on their yacht in the French Riveria sipping gin and tonics while their employees perform subpar service and deliver an even more subpar product back in the states.
 
#848
#848
BeecherVol said:
Im trying to understand why I should trust any politician with more responsibility for balancing the scales given they have their own agenda and seldom play by the same rules themselves.
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Maybe you're right - but that's the game we play. Either we go for anarchy or we vote for the person who we think best represents us.

Maybe Bernie's tax plan stuff never happens and he's pushing this to gain traction, I don't know. But I know he and I share the same opinion on Global Warming, Citizens United, etc. so that's who I'm going to vote/campaign for.

I think it's important to be a part of the process - even if you don't love all of the moving parts.
 
#849
#849
82_VOL_83 said:
Yes the system caused all those issues. Sorry life is bad right now but voting for a socialist so that you have no hope of being more than mediocre ever in your life is stupid. Now, if you believe in socialism as an honest base for economics, I am still very sorry about your circumstances but why don't you move to Canada where they can take care of you and your parent.
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Coworker was ranting about Denmark having free healthcare. I told him their income tax rate was around 56%. His retort? They have free healthcare tho homie!

Free. That word seems to distort reality when it comes to a lot of people. Travel to a socialist country and really look at their lives. I've been to a bunch and while nice to visit it is very, very mediocre. I'll pass on not owning any real property, living in a crappy apartment, and losing more than half my wages to taxes.
 
#850
#850
Kingston Vol said:
Reaganomics, NAFTA, corporate greed, income inequality, student loans, etc.
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There is just no logical response to this. Your life must be terrible.

I had 3 bicycles from the time I learned to ride through college. Most kids had a new one every other year. I basically watched TV when I was young on Saturday mornings....no TV that I wanted any other time unless it was at someone else's home. I was outside building forts and getting dirty when I wasn't either doing chores or playing football. I didn't have remote control anything, no GI Joes, I had to buy my own fishing poles. We caught or dug our own bait and fished in a local mudhole. I didn't have a car until I went to college in 77. It was a very used Ford Falcon.

I look back and compare what the welfare "poor" have today and wonder how I ever got by.
 
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