General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNext time some Repub says the top 400 need that tax cut
to invest in the US economy, ask them, "What are they going to do with the tax cut money that they can't do with the wealth they already own, $2.34 TRILLION, which is equal to the wealth of 61% or 194 million US citizens?"
procon
(15,805 posts)already squirreled away in offshore tax havens to avoid paying their fair share, before we gift them with any more millions stolen from poor Americans.
Ilsa
(61,695 posts)I wouldn't count on the sociopaths loving the USA enough to do the right thing.
unblock
(52,253 posts)it's so frustrating that the engineering concept of trade-offs is so completely missing from politics.
adding to investment capital can help fund investments, but it's possible to have enough or even too much investment capital.
sometimes you need to stimulate supply, sometimes demand. sometimes taxes need to go up, sometimes down. etc.
these are all engineering decisions, trying to tune a machine. yet virtually all political discussion is black and white, all or nothing, which side are you on, etc.
in this case, we're not suffering from a shortage of investment capital, and we're not suffering from rich people not being rich enough. taking money and, of all things, *health* away from millions of people so that a relatively few can have even more of something they already have plenty of is just insane.
gratuitous
(82,849 posts)Why shouldn't they pay for the country's upkeep by paying their fair share of taxes?
pansypoo53219
(20,981 posts)WHY CAN"t THE 2% INVEST in america? INVEST IN AMERICA!
BSdetect
(8,998 posts)Renaissance is one such Hedge Fund.
Run by the Mercers. Big drumph supporters. Possibly the biggest.
If you invest with them they return 71% on your money but charge about 50 % commission on that.
We suckers then pay for that as the IRS allows the commission to be a deduction. Less tax income for the govt etc
So you would get about 70% interest minus 50% but then a nice tax bonus on that.
Where else could you get that sort of deal?
And, of course, enough is never enough.
QED
(2,747 posts)Nothing except squirreling it away in the Caymans or wherever.
ProfessorGAC
(65,076 posts)...can afford at 5% INCREASE
Between 2&10 million (and includes, barely, my wife and I) can afford 2% INCREASE! Yeah, I'm saying go ahead and raise my taxes! It's the right thing!
Everybody else stays flat, and ADD(!) people to Medicaid not subtract
Then, eliminate the cap on SS (and I'll pay that too) and we solve tons of issues
This tax cut is an abomination and macroeconomically is a farce!