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Why I hate Biden's tax plan on the rich

Xzi

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I agree with taxing the rich just not overdoing it
Believe me, we aren't overdoing it relative to almost any other first-world nation on Earth. Everything in America still looks like it was built in the 80s at the most recent. Pictures of certain other places look like the Jetsons by comparison.
 

Benja81

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Well, imagine you worked hard your entire life then the government gives you the middle finger. Also, it's deadly for economics as less may take the job

Rich people="imagine you worked hard your entire life then the government gives you the middle finger"...then you go blow off some steam in your yacht with your partner(s) of choice drinking champagne and even with those extra taxes, still have plenty of money to burn and leave your kids and grandkids.

Poor people without any assistance=imagine you worked hard your entire life for rich people while they give you the middle finger. You can never retire, and still living in poverty struggling to get some food on the table, very likely to die homeless and young.

Its pretty easy to see which ones worse and I'll let the experts figure out how much is good, vs thinking I have any clue.
 

Xzi

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America does have lots of problems
And a number of them in the healthcare, education, and infrastructure sectors can be solved with more public spending. But for that you need more revenue, aka taxes. Well, unless you're gonna cut the military's budget even a little bit, but nobody seems to want to do that.
 

Deleted member 546149

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Rich people="imagine you worked hard your entire life then the government gives you the middle finger"...then you go blow off some steam in your yacht with your partner(s) of choice drinking champagne and even with those extra taxes, still have plenty of money to burn and leave your kids and grandkids.

Poor people without any assistance=imagine you worked hard your entire life for rich people while they give you the middle finger. You can never retire, and still living in poverty struggling to get some food on the table, very likely to die homeless and young.

Its pretty easy to see which ones worse and I'll let the experts figure out how much is good, vs thinking I have any clue.
I totally understand your point. I grew up in a poor family. However, I just believe with hard work anything can be achieved

--------------------- MERGED ---------------------------

And a number of them in the healthcare, education, and infrastructure sectors can be solved with more public spending. But for that you need more revenue, aka taxes. Well, unless you're gonna cut the military's budget even a little bit, but nobody seems to want to do that.
The military is overpayed. However a lot if what you said is also funded by the states
 
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Xzi

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The military is overlayed. However a lot if what you said is also funded by the states
Some, not a lot. Most states take far less of your income in taxes than the federal government, unless you do a very specific type of work I suppose. The federal government then grants money to individual states for various projects, improvements, etc.
 

Benja81

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I totally understand your point. I grew up in a poor family. However, I just believe with hard work anything can be achieved
Its true sometimes, but I'd say don't forget that a person who finds that when they try hard enough anything becomes possible to them, is a fortunate and blessed person. No matter whether they were born rich or poor. For the fortunate being born poor can be a motivation to work towards something much better. To a less fortunate person being poor could be a life sentence with no way out.
 

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Unless you make over 70,000+ a year, you don't have to worry about it. The rich can afford it. I'm not going to lose an ounce of sleep over a billionaire paying a few million in taxes.
 

Taleweaver

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Now before I start let me say that I do not endorse Biden nor Trump, I don't give a damn about either candidate.
...
Let me just say "you're five months late". I'm not sure what article you read or watched, but I'm fairly sure it's outdated. Not the best strategy if you want to convince anyone.

What I do notice about one of these candidates is that they have a destructive tax plan that will destroy America. What is the plan, to tax the rich. Now that may not seem very bad but let me explain. You see, Mr.Biden acts like the rich owes the government something for being successful in life. Even if they do, how much is the question? 37 to 39 percent tax increases will come to those making over $400K a year. Now Mr.Biden suggests this will help America but it won't. People who work in industries that pay no more than $400k a year will no longer want to work in that industry because they will be treated like they work $20k a year so they will quit that job, if everyone does so then no one will work in that industry. Also, high-paid CEOs will no longer want to be rich since their taxed so much, and those who want to be rich one day will forget it. Thanks to Biden since many will leave those jobs no one will do it meaning the economic system is fucked if this tax plan happens
Oh, boy...You probably don't intend to, but you manage to summarize all misinformation regarding taxes in this part of the post.

Here's the thing: before you want to tell others about your opinion, you should know what your opinion is based on. You basically assume a flat tax rate, but the US, like most countries in the world, use a form of progressive brackets (here's a world map). Sure, it's often averaged out to make countries more easily comparable, but it's not the same. @osaka35 told you this, but his fake news is really REAL news. If you want flat tax, you better move to Greenland or Khazakstan.
Notice anything in those listed countries? None of them has an economy that's even remotely up to par with the US. They don't attract millionaires or billionaires either (at best as headquarters, but that's a different situation).

I see your arguments, and know exactly where they're coming from: news outlets. Just about every news channel in the US pushes the agenda that taxing the rich doesn't work, based on emotional arguments ("discrimination!!!" "socialism!!!" "communism!!!") or shady economic theories ("trickle down economics", "unhindered free market is awesome"), while ignoring evidence. Why? Because the news channels, no matter what political spectrum, are owned by billionaires. Why the fuck would they allow their news anchors to say things against their own selfish interest? You think they'll let renowned economics come to explain just why redistribution of the wealth is a good idea? You think they'll tell people that most other countries in the world have far better social structures, in large part because their high end tax tiers are much higher? You think they'll remind people that the rich have always payed the most taxes and NEVER ONCE did it stop anyone? Fuck...US tax rates were far more progressive before Reagan became president (and not just in the US, to be honest). Ever since, they got tax cut after tax cut. The aforementioned renowned economists have always linked this (or rather: the growing inequality between the poor and rich, which is roughly the same thing) to the worsening state of the economy.

...and now you come to the aid of billionaires with...what? Discrimination? Fucking Discrimination? :angry: Gimme a fucking break! When was the last time a rich person got forced to the ground to suffocate by the police for being rich? When was the last time a rich person got shot on sight because he was acting "suspicious"?

I mean...okay. Perhaps your personal motivation to get rich gets lowered. Could be. But most people would gladly have to deal with the "problem" of having their eleventh million dollar being taxed (much) more than their previous ten million ("NOOOOOOO!!!!!! :cry:") than having to deal with the daily absense of money poor people handle on a daily basis.
 

Deleted member 546149

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Unless you make over 70,000+ a year, you don't have to worry about it. The rich can afford it. I'm not going to lose an ounce of sleep over a billionaire paying a few million in taxes.
Eh, the billionaires I'm fine with being taxed, as for millionaires, the reason I'm so censored is because it can hurt the economy

--------------------- MERGED ---------------------------

WiiMiiSwitch thinks his going to become rich by making polls some how. thats why he doesnt like rich getting taxed 1c per a million.

:rofl2:
I'm gonna be rich with polls
 

Deleted member 546149

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...
Let me just say "you're five months late". I'm not sure what article you read or watched, but I'm fairly sure it's outdated. Not the best strategy if you want to convince anyone.


Oh, boy...You probably don't intend to, but you manage to summarize all misinformation regarding taxes in this part of the post.

Here's the thing: before you want to tell others about your opinion, you should know what your opinion is based on. You basically assume a flat tax rate, but the US, like most countries in the world, use a form of progressive brackets (here's a world map). Sure, it's often averaged out to make countries more easily comparable, but it's not the same. @osaka35 told you this, but his fake news is really REAL news. If you want flat tax, you better move to Greenland or Khazakstan.
Notice anything in those listed countries? None of them has an economy that's even remotely up to par with the US. They don't attract millionaires or billionaires either (at best as headquarters, but that's a different situation).

I see your arguments, and know exactly where they're coming from: news outlets. Just about every news channel in the US pushes the agenda that taxing the rich doesn't work, based on emotional arguments ("discrimination!!!" "socialism!!!" "communism!!!") or shady economic theories ("trickle down economics", "unhindered free market is awesome"), while ignoring evidence. Why? Because the news channels, no matter what political spectrum, are owned by billionaires. Why the fuck would they allow their news anchors to say things against their own selfish interest? You think they'll let renowned economics come to explain just why redistribution of the wealth is a good idea? You think they'll tell people that most other countries in the world have far better social structures, in large part because their high end tax tiers are much higher? You think they'll remind people that the rich have always payed the most taxes and NEVER ONCE did it stop anyone? Fuck...US tax rates were far more progressive before Reagan became president (and not just in the US, to be honest). Ever since, they got tax cut after tax cut. The aforementioned renowned economists have always linked this (or rather: the growing inequality between the poor and rich, which is roughly the same thing) to the worsening state of the economy.

...and now you come to the aid of billionaires with...what? Discrimination? Fucking Discrimination? :angry: Gimme a fucking break! When was the last time a rich person got forced to the ground to suffocate by the police for being rich? When was the last time a rich person got shot on sight because he was acting "suspicious"?

I mean...okay. Perhaps your personal motivation to get rich gets lowered. Could be. But most people would gladly have to deal with the "problem" of having their eleventh million dollar being taxed (much) more than their previous ten million ("NOOOOOOO!!!!!! :cry:") than having to deal with the daily absense of money poor people handle on a daily basis.
I'm very much censored about the economy, many economists disagree with Biden, of course I am very late but still, it hasn't happened yet so that's why I made this thread

--------------------- MERGED ---------------------------

It's strange that you care so much about the wellbeing of the elite when they have shown absolutely no concern for yours
Well, most don't care about the people, however, I'm just censorned that hard work is just going to get you somewhere else then your supposed to be
 

Taleweaver

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I'm very much censored about the economy, many economists disagree with Biden, of course I am very late but still, it hasn't happened yet so that's why I made this thread
Of course economists are divided. Conservatives and republicans have always floated the idea that rich people tend to generate more jobs, and that any attempt to tax them more would cause them to create less jobs.
The problem is that this trickle down economic theory can't really be mathematically disproven. It hasn't proven itself in action (rather the opposite...very much the opposite, in fact), but it's more a matter of opinion than anything you can scientifically prove or disprove. But meanwhile, countries with smaller economic inequality prove themselves better for its inhabitants on most if not all fields than their counterparts. That could be seen as proof that Biden's tax plans (of which I really don't know anything more than "it taxes the rich more", because ey...if you don't research anything, I won't be doing your homework either) just might make the US a better place overall.

Also...don't you mean "concerned" instead of "censored"? Because if not, I have no idea what your first part of your reply's about. :unsure:
 

Deleted member 546149

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Of course economists are divided. Conservatives and republicans have always floated the idea that rich people tend to generate more jobs, and that any attempt to tax them more would cause them to create less jobs.
The problem is that this trickle down economic theory can't really be mathematically disproven. It hasn't proven itself in action (rather the opposite...very much the opposite, in fact), but it's more a matter of opinion than anything you can scientifically prove or disprove. But meanwhile, countries with smaller economic inequality prove themselves better for its inhabitants on most if not all fields than their counterparts. That could be seen as proof that Biden's tax plans (of which I really don't know anything more than "it taxes the rich more", because ey...if you don't research anything, I won't be doing your homework either) just might make the US a better place overall.

Also...don't you mean "concerned" instead of "censored"? Because if not, I have no idea what your first part of your reply's about. :unsure:
Did I say censored? My apologies. I am a little under the weather today. Anyways, your right. People focus more on politics then math which is why our country is broken
 
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Nerdtendo

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I take most issue with the idealology of the whole thing. We live in a capitalist country. The amount of money that someone should theoretically be able to make should be boundless. A good friend of mine grew up dirt poor, but after years of blood, sweat, and tears, he has made himself and his family quite a nest egg. I don't see why his hard work should be bottlenecked because someone who hasn't accomplished as much is sad. He may have more money then he needs, but he earned every cent. In a capitalist country, that's kinda the whole point. Everyone always yells "taxation is theft" until they're in a position where they benefit from doing no extra work.
 

Taleweaver

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Did I say censored? My apologies. I am a little under the weather today. Anyways, your right. People focus more on politics then math which is why our country is broken
Well...if it's any relief: the US isn't the only country where that's a problem. Belgium's among the most taxed countries in the world, but while we've got a "fine" government, we should be getting much better quality than what we're paying for.
Also: hope you'll get better. :)

I take most issue with the idealology of the whole thing. We live in a capitalist country. The amount of money that someone should theoretically be able to make should be boundless. A good friend of mine grew up dirt poor, but after years of blood, sweat, and tears, he has made himself and his family quite a nest egg. I don't see why his hard work should be bottlenecked because someone who hasn't accomplished as much is sad. He may have more money then he needs, but he earned every cent. In a capitalist country, that's kinda the whole point. Everyone always yells "taxation is theft" until they're in a position where they benefit from doing no extra work.
...but it IS boundless. You're acting as if there are brackets where the taxation rate is over 100% somehow, which simply isn't true. No matter what country you're in, there's always an upper bracket.

I don't yell taxation is theft, and frankly...anyone with some sense doesn't yell that either. Would your friend have been able to make something from himself if he couldn't get education? Or even simpler: if there wasn't a road next to his house? If he had to dispose of his own garbage instead of having garbage collection facility? These are but a few examples, but there are many, many examples where the state provides services of life that basically allows its citizens to flourish.

The ideology "capitalism" doesn't really say much in terms of how big or small the role of the government really is. And as such, it can't be used to say how much tax is really fair. I mean...I already said Belgium has an incredibly high tax rate...but I also live in a capitalist country. Because the money I earn (minus taxes) is mine, I can work harder or push for promotion and get more. It's not a model the average US citizens want because I won't lie: about half my bruto loan goes to all sorts of taxes. But on the flipside: I can get ill and see a doctor on a whim's notice (unlike what some moron claims in an adjacent thread). Last time I payed less than 5 euros for a full checkup of our daughter. Covid has made me partially unemployed, but the state compensates so much that I literally have the same net income as otherwise. Public transport's cheap and available. And I can go on.

Should I fall without a job, I'll be compensated. Heck...I've had it happen. Was unemployed for over a year. While I could technically survive, I had no reason to do so. Why? Because we humans aren't made to slack around. We simply aren't. Experiments with basic income have proven that time and time again, but despite this, guys like you claim that they won't move an inch when they were put in a position when they're given "free money" somehow.
(or to put it different: that "free money" I got simply cost me too much morally to remain unemployed for even a day longer than I wanted).
 

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Nerdtendo

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Well...if it's any relief: the US isn't the only country where that's a problem. Belgium's among the most taxed countries in the world, but while we've got a "fine" government, we should be getting much better quality than what we're paying for.
Also: hope you'll get better. :)


...but it IS boundless. You're acting as if there are brackets where the taxation rate is over 100% somehow, which simply isn't true. No matter what country you're in, there's always an upper bracket.

I don't yell taxation is theft, and frankly...anyone with some sense doesn't yell that either. Would your friend have been able to make something from himself if he couldn't get education? Or even simpler: if there wasn't a road next to his house? If he had to dispose of his own garbage instead of having garbage collection facility? These are but a few examples, but there are many, many examples where the state provides services of life that basically allows its citizens to flourish.

The ideology "capitalism" doesn't really say much in terms of how big or small the role of the government really is. And as such, it can't be used to say how much tax is really fair. I mean...I already said Belgium has an incredibly high tax rate...but I also live in a capitalist country. Because the money I earn (minus taxes) is mine, I can work harder or push for promotion and get more. It's not a model the average US citizens want because I won't lie: about half my bruto loan goes to all sorts of taxes. But on the flipside: I can get ill and see a doctor on a whim's notice (unlike what some moron claims in an adjacent thread). Last time I payed less than 5 euros for a full checkup of our daughter. Covid has made me partially unemployed, but the state compensates so much that I literally have the same net income as otherwise. Public transport's cheap and available. And I can go on.

Should I fall without a job, I'll be compensated. Heck...I've had it happen. Was unemployed for over a year. While I could technically survive, I had no reason to do so. Why? Because we humans aren't made to slack around. We simply aren't. Experiments with basic income have proven that time and time again, but despite this, guys like you claim that they won't move an inch when they were put in a position when they're given "free money" somehow.
(or to put it different: that "free money" I got simply cost me too much morally to remain unemployed for even a day longer than I wanted).
I see what you're saying, but I still can't get behind the idea that as you make more money, you keep less of it. However, I will be the first to admit my beliefs come from a mostly anecdotal position
 

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Most tax plans targeting the rich don't work anyway since rich people find easy ways around it. Amazon has weaseled their way out of paying taxes for years. No matter what, rich people will find some way to hoard their money away otherwise they wouldn't be rich. Rich people will always evade taxes and they will always build their wealth on the backs of exploited workers, otherwise they wouldn't be rich. Rich people have just become a modern aristocracy as social mobility has drastically declined and the only people who make it big in this system tend to be people like Elon Musk who only got as far as he did because his family made millions off of Apartheid emerald mines in South Africa, literal slavery.

In lieu of this, I have developed a solution:
C_AK1dUWAAAfOq_.png
 

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