Nearly 60% of Americans support increasing top marginal tax rate to 70% for incomes over $10M

[ELESDEE616]

And they have better services...to assume the us will flip a switch and create better social and government services simply because they’re getting more money in is to ignore basically our entire history of government over the past 100 years.

Y’all gotta stop holding up these homogenous societies to the US as if racial dynamics aren’t the reason we can’t operate like them, no matter the money. If the us raises taxes it’ll be for naught

You're right, it would never work "because". We should just allow our country to go on it's current path to destruction and not try anything new.

 

[ADevilYouKhow]

Some liberals hate success.

You couldn’t keep a bar open in a desert...

 

[Geek Nasty]

It's not that cut and dry.

The capital gains rate hovered between 16% and 19% then so they still weren't going after the main way the rich profit.

Nearly no one paid the highest tax rate as they all reshuffled their wealth around.

It was a marginal tax so it was staggered based on how much you earned. If you earned $500K, the whole amount wasn't taxed at 70% just whatever was over the set amount for that tax bracket.

The tax started at like $200,000 if im not mistaken and that's like 2 to 3 million dollars in today's cash.

And the rich back then pretty much had to stay in the US. It was basically the only first world country worth living in as most of Europe was still bombed out from the wars or recovering, Russia was Communist and wasn't nobody in their right mind moving to China back then. If they tried that shyt today, the wealthy would be on the first flight to Singapore, Switzerland, Hong Kong or the UK.

Bullshyt this is that ayn rand libertarian mythology. Rich wouldn’t go anywhere.

 

[DEAD7]

You couldn’t keep a bar open in a desert...

Got a link/physical address to your business?

 

[Jimmy Two-Times™]

Everyone in the Coli earns well over 6 figures so this can't be good.

 

[Atlrocafella]

at y’all entertaining this nonsense. There are rich democrats who will squash this. This won’t go anywhere in Congress.

 

[Sohh_lifted]

Got a link/physical address to your business?

 

[Gus Money]

You have to also remember, the GOP administrations in the last 30 years have intentionally done things to make government NOT work efficiently so that they can sell that 'government is the problem' to lower tax revenue and continue to build upon the empire.

This part always gets left out when people talk about the failures of the US government (not even saying that people leave it out on purpose, part of the GOP’s strategy is to spread doubt about government while also doing things to undermine it and its working). The government is pretty efficient when run competently and with the proper resources.

 

[Reece]

When was the 1st one?

What policy decisions has Melania put out there for the rich to help the less fortunate?

What does wearing an expensive suit has to do with paying more in taxes?

Is there a sale on non-sequiturs?

Bruh...you can’t be against the wealthy elite while wearing Manolo Blahniks and $3,000 suits. Do you not see the irony there?

 

[Reece]

Bullshyt this is that ayn rand libertarian mythology. Rich wouldn’t go anywhere.

You mean like how rich Chinese aren’t moving to Canada, Australia, the UK, other SEA countries and the United States in droves because of their crazy ass government? Do y’all dudes actually follow the news or nah?

 

[Secure Da Bag]

Bruh...you can’t be against the wealthy elite while wearing Manolo Blahniks and $3,000 suits. Do you not see the irony there?

That's such an arbitrary association. So I can't buy a lambo because I agree with taxing everything over 10M at over 50%? You don't really see that one has nothing to do with the other?

 

[Savvir]

how do we incentivize investment if we're taxing the drivers of that activity at 70%? The elite need to pay their workers a fairer wage but, trying to destroy the entire game is misguided.

You must be dumb

If you take money and invest it into a business, property.. etc. THAT MONEY IS NOT TAXED AS INCOME. It is deducted... leading to a higher rate of investment and development

Essentially... Use it or lose it

You do know the majority of the 20th century we had a 90% marginal tax..... How is this even a new concept to you?

 

[Elim Garak]

We should have never stopped doing they wanted to get back to making America great again after all

 

[Reece]

You must be dumb

If you take money and invest it into a business, property.. etc. THAT MONEY IS NOT TAXED AS INCOME. It is deducted... leading to a higher rate of investment and development

Essentially... Use it or lose it

You do know the majority of the 20th century we had a 90% marginal tax..... How is this even a new concept to you?

And you sound like a smart dumb college dropout nikka that hasn’t read a book in years and doesn’t read beyond the headlines. Do you know nearly none of the wealthy paid the 90% tax right, dikkhead? Almost none. Corruption was plentiful. People used tax shelter the same way they do now. I think John D. Rockefeller was one of the only ones to pay it repeatedly. How about reading into shyt before you start talking about it. Thanks.

And I said what I said because the obvious play IS to start taxing capital gains at a higher rate. Please try to keep up.

 

[Reece]

That's such an arbitrary association. So I can't buy a lambo because I agree with taxing everything over 10M at over 50%? You don't really see that one has nothing to do with the other?

You can’t base your entire platform on fighting the rich and revolutionizing the system but want to dress like Carrie Bradshaw in the process. She could’ve brought some shoes at Dress Barn and a $100 dress and gave that money to some homeless people. She gonna spend her entire career railing against the wealthy and by the end she’s gonna be one of them.