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23195047 No.23195047 [Reply] [Original]

https://twitter.com/RealJamesWoods/status/1315341500725690371?s=20

>> No.23195102
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23195102

>>23195047
>small business tax 39.6%
>capital gains and dividend tax 43.4%

>> No.23195125
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23195125

>>23195047
>land of the free

>> No.23195144

>>23195102
If Biden wins, people will go to war. Luckily he won't.

>> No.23195148

Sounds like fake news to me.

>> No.23195151

the 43.4% capital gains tax only applies to sums of money you poor ass niggers will never see. so quit whining

>> No.23195157

>>23195047
52% on payroll and income taxes? 43% capital gains and dividends taxes?
i will be willing to go to war over this

>> No.23195158

Inb4 the "I'M VOTIN BIDEN" shill flood

>> No.23195171

>>23195047
as a yurofag its crazy to me that this is even being discussed
wasnt the US founded because they did not want to pay a shitty tea tax to Great Britain? and now theyre about to raise it to yuro levels if Biden wins. jesus christ...please dont destroy the last country on earth with a semblance of freedom you retarded burgers

>> No.23195176

>>23195144
Biden is 100% winning this election bozo

>> No.23195187

>>23195125
Home of the pays

>> No.23195189
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23195189

>>23195176
>Biden is 100% winning

>> No.23195194

>>23195151
Hey you said niggers you are clearly one of us :)

>> No.23195195

>>23195144
idk anon, the mail in voting bullshit is a real game changer and makes it possible for dems to just keep receiving biden votes untill he has more than trump. i think theyre going to cheat and i think theyre going to win and i think republicans are such spineless worthless cucks that they wont do anything to stop it. i think were fucked, friendo.

>> No.23195210

>>23195151
>implying my 55k LINK won’t make me a billionaire
stfu poorfag

>> No.23195220

>>23195187
*home of the paypigs

ftfy

>> No.23195240

>>23195194
no, i'm not one of you. you're a retard

>>23195210
keep dreamin

>> No.23195243
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23195243

>>23195210
half a billionaire if biden wins
also link is a scam and the top is in

>> No.23195252

>>23195171
Basically. So now we're heading back to recolonize Europe and genocide everything that isn't white once again. The cycle continues.

>> No.23195264

>>23195171
>the difference between "freedom" and "not freedom" is super rich people paying an extra 4-5% in taxes

>> No.23195283

>>23195240
Why are you here then :)))

>> No.23195330

>>23195047
>implying taxes aren't gradated and marginal
shiggerooney
are burgers really this dumb?

>> No.23195340

>>23195264
Biden only wants to tax the rich lol :)) idiot Drumpf voters :)

Post nose faggot

>> No.23195411
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23195411

>>23195330
>He isn't anywhere near to the top bracket
Speak for yourself, Bob Cratchit, and don't let me catch you stealing any lumps of coal again.

>> No.23195417

>>23195047

Half those numbers are literally false. Corporate tax rate was 28 before (((TCJA))). Biden wants to raise it 4 points from where it currently is.

>> No.23195475
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23195475

>>23195252
This needs to be done. Reconquista.

>> No.23195480

>>23195047
>capital gains 43.4%
oh mutts

>> No.23195505

>>23195171
>wasnt the US founded because they did not want to pay a shitty tea tax to Great Britain?
Sort of. It was that the colonies were being taxed without having any say in their governance. "No taxation without representation." Essentially, they wanted statehood, but were being denied it. It wasn't about having no taxes at all.

That said, collecting income tax was NOT one of the powers of congress in the Constitution or the Bill of Rights, and it's complete garbage that it was ratified later. It's been downhill since then, and it's only going to keep getting worse until it fails completely.

>> No.23195573

>>23195340

Yes.

>> No.23195600

>>23195505
geroge washingtons personal bone to pick with the british was the fact that the aristocrats and upper class of the colonies were looked down upon by the upper class of mainland Britain. even as a colonel in the kings continental army he had less power than a lieutenant from Britain. and it really pissed him the fuck off.

>> No.23195606

>>23195047
>Corporate Taxes: 21/28%
>Small-Business Taxes: 29.6/39.6%
wtf America??

>> No.23195618

ITT: people who don’t know how tax brackets work, like the majority of Republicans

>> No.23195619

>>23195264
>super rich people
incredibly short-sighted, the fact that six figures isn't even enough to live in certain parts of the country should make it evident that 400k is going to be middle class (or, whatever remains of it) in the perceptible future

>> No.23195644

>>23195047
>capital gains 43.4%
If this happens there will be no way to effectively save money. Savings accounts already loose money because of shitty interest rates and inflation. With this if your investment doubles in value you will only net a 13.2% profit.

The goal is to make it impossible to buy your freedom. The only things you will be able to use money for that will make sense will be paying interest on your debts and buying the new iphone.

>> No.23195657

>>23195264
>Implying those tax hikes won't be pushed off onto the little guy via price hikes
LMAO let's tax 100% over 5 million dollary-doos, that'll own my landlo.... I mean the ultra rich.

>> No.23195677

>BiDeN wIlL bE gOoD fOr ThE mArKeT
>40%+ capital gains tax
>mysides.gif

>> No.23195754

>>23195618
>>23195151
>>23195240
>>23195243
>>23195417
>>23195606
>>23195618
>>23195644
>>23195619
>>23195657
what alot of people arent factoring in is the fact that big money will move out of america to avoid these tax rates, effectively leaving businesses and people who dont have the capital or means to leave to pay exorbitant amounts to make up for the loss of the top 5%'s tax contributions. if this really happens this country will deteriorate in a matter of years.

>> No.23195781
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23195781

>>23195754
I'll just move out too

>> No.23195794

>>23195618
Why can't Republicans understand taxes like blacks and mexicans (democrats, high iq)

>> No.23195815

>>23195754
yes, all the big companies will move out of america cuz they need to pay 4-5% more tax. it's not like just paying the extra tax is far cheaper than moving their entire operation or anything

>> No.23195830

>>23195781
Enjoy your 6 years of exit taxes.

>> No.23195839

>>23195754
And they'll call it white flight, and it'll be racist.

>> No.23195854
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23195854

>>23195176
>Biden is 100% winning this election bozo

>> No.23195856

Don't worry GOYIM, the corporatocracy will only raise taxes on itself.

LOL

>> No.23195858

>>23195195
>the mail in voting bullshit is a real game changer and makes it possible for dems to just keep receiving biden votes untill he has more than trump
this

>> No.23195869
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23195869

>>23195151
>hey goys- I mean guys, NIGGERS yeah biden is one of us (((fellow whites)))

>> No.23195926

What the fuck, 43% capital gain tax?
If you sell ur shit for 1m u have to shell 430k to gov? Why the fuck is a guy proposing this even has a remote chance of winning? Are muricans really that cucked?

>> No.23195927

>>23195754

Corporate taxes will still be lower than pre TCJA levels. This “we’ll just leave” meme is coping by trickle down retards. Amazon is not going to move their HQ to Congo because they’re tax rate is lower there.

>> No.23195944

>>23195815
you know the top 1% pays over 50% of the taxes? even if they leave the companies here and they leave the tax system would still be decimated. who do you think would be expected to make up for that loss?

>> No.23195990

>>23195944
>dude just design your policies out of fear that rich faggots who hate you might leave
can you be any more of a cuck. besides, they're not going anywhere. where are they going to go? europe? for lower taxes? lol

>> No.23196009

>>23195047
i don't give shit about ameritard politic shitshow

>> No.23196014

>>23195151
See I used to think this way but then I realized something.

The people who employ me ARE a part of this group. The people who pay me dividends ARE a part of this group.

When they get taxed, I get punished indirectly.

>> No.23196015

>>23195815
>>23195927
if it wouldnt be worth it for them to move with these tax rates, then why did so many companies bother moving to shitskin and chink countries when they werent this high?

>> No.23196049
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23196049

Fuck democrats

>> No.23196051

>>23195990
im not saying i care if the kikes and venture capitalist whites who sold their own people out leave, what im saying is if they raise the taxes to these rates they can and will leave and normal people are going to be taxed to death to make up for the deficit of losing 50% of the taxes they were collecting from those fucks.

>> No.23196064 [DELETED] 
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23196064

Imagine to cripple yourself financially and form a socialist state that will fail almost immediately.

>AAAAND I'M PROUD TO BE AN AMERICAN

>> No.23196068

>>23196014
hmm yes i'm sure they'll suddenly decrease your salary and not pay you your dividends because their taxes went up. real world doesn't work that way. your cuck mind is far too simple.

>> No.23196094

>>23196051
they're not going anywhere. they have way too many ties to the US. stop being stupid.

>> No.23196096
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23196096

Imagine to cripple yourself financially and form a quasi-socialist state that will fail almost immediately.

>AAAAND I'M PROUD TO BE AN AMERICAN

>> No.23196113

>>23196051
if the solution for them was as easy as leaving, they wouldn't be spending billions of dollars ensuring that policies that tax them more wouldn't pass, you stupid fuck

>> No.23196131
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23196131

>>23196068
>increasing taxes doesn't decrease net revenue

>> No.23196175

America is going to collapse so hard lmao

>> No.23196180

>40% tax on small businesses
Aren't most small businesses dead from corona? Is he just trying to help kill the rest?

>> No.23196183

>>23196131
hey maybe if we decrease their taxes they'll have more money and then they'll pay you more!!! am i right? :^)

>> No.23196190

>>23195189
>>23195854
Seethe incel basedposters.

>> No.23196229

Wasn't it seen last year that with the tax cuts that more rich people actually paid their taxes?

>> No.23196250
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23196250

>>23195176
>Biden is 100% winning this election bozo

>> No.23196273

>>23196250
Seethe more

>> No.23196295

>>23196229
show us one source for that

>> No.23196306

>>23196295
I don't know, that's why I'm asking you faggot

>> No.23196324
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23196324

>>23195189
>>23195854
>>23196250
>polls are wrong by 12%, t-trump landslide!

>> No.23196366
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23196366

>>23196324

>> No.23196384

>>23196175
Whole world is collapsing. Globohomoism is dying if not dead.

>> No.23196657

>>23195754
you do know the government doesn't depend on corporations to fill their coffers right?
And the US can increase taxes on domestic profits, but can also increase taxes on moving money out the country similarly right?
And even if all the corporations went away, the government doesn't need those corporations to provide jobs for the citizenry right?

your argument depends on such ridiculous motivated reasoning, it's transparent to everyone.

>> No.23196667

>>23196306
Thomas Sowell said the same thing. That with lower taxes, people are more willing to pay because they see it as more fair, and wont try to find as many loopholes or have their money offshore.

>> No.23196752
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23196752

>>23196366
zion don only won by a few thousand votes in a few states which made him win. He lost by 3 million votes by popular vote. Against Hillary fucking Clinton. The most unliked politician alive.

He got extremely lucky. Basically midwestern flyover shitholes determined the election. Now that we are in a recession and have COVID situation going on drumpf is going to lose. I'm ridin with Biden

>> No.23196766

>>23195047
>study for years and years so 50% of my income goes to niggers
kek

>> No.23196797

>>23196324
You really wanna embarrass yourself again by believing the polls when you were wrong once?

Cognitive dissonance is such a powerful tool. Only with cognitive dissonance can a leftists have the willpower to believe in their utter righteousness.

>> No.23196818

You guys know there isn't one tax rate right? This is so full of shit.

>> No.23196829

>>23195926
and if you cash out and then buy back in, you get screwed over if whatever you're holding crashes
>Make 2m from LINK selling at $20
>Buy back in at $10
>Link crashes to $5
>Lose everything to taxes

>> No.23196876

>>23195047
this is bad for crypto because mutts are cucked and pay taxes on crypto-crypto transactions.
It's also why all shitcoins that pumped are going to collapse Q1 2021 as mutts sell them to pay taxes on "profits".

>> No.23196953

>>23196068
Look to the central bank, not the upper class.

>> No.23197005
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23197005

>>23195794
>blacks and mexicans (democrats, high iq)

>> No.23197041

>>23196797
>2016: polls "wrong" by 2%, Trumps wins by 200k people in swing states
>2020: polls now correct for education... and will be wrong by 10%?
not a leftist. just smart enough to realize that even though some papers said Trump had a 0.0000001% chance doesn't mean the polls were actually that wrong and that they'll be wrong by 5x as much this time

>> No.23197060

>>23195606
They're already leaving. Some autocratic 3rd world nations now have 1st world living standards, and wall street is already exiting the US.

It's over.

>> No.23197087

>>23195047
It's amazing how people have been indoctrinated into wanting to help out the top 1% of the 1% by saving them taxes, when they have a million loopholes they have at their disposable anyways. All so that they can pay more in taxes and increase the wealth gap.

It's a psychological marvel.

>> No.23197130

>>23195047
This is not news. Dems always increase tax and repubs decrease taxes. That's the idea and how the system works. Shouldn't be shocking to anyone.

>> No.23197146

>>23197041
I'll agree with you that polls weren't exactly wrong in 2016. They didn't or couldn't measure somebody like Trump, a guy who drew out a ton more new voters but at the same time, that election year tuned people out because of the Hillary and Trump match up. This time though, they for sure are cheating and faking poll numbers because they still can't figure out how to measure Trump's base or the new people he will draw out along with the silent majority / shy trump supporters.

>> No.23197174

>>23196667
>>23196229
I couldn't find any statistical data to back this up, but the effect of the Reagan Tax cuts only boosted tax revenues slightly, not even enough to keep a positive trend worth noting.

>> No.23197201

>>23196014

Ikr? We need to cut taxes so the wealth will trickle down. We could all be billionaires if the DC nanny state wasn’t taxing my boss.

>> No.23197289
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23197289

>>23197087
the wagie has been beaten into total and unwavering submission. Biden's plan isn't going to raise taxes on anyone making less than 400k a year.

>> No.23197290

>>23196183
i mean the trump tax cuts certainly helped boost equity prices which benefitted my portfolio, so yes

>> No.23197318

>>23197146
>they are cheating
>they are faking poll numbers
Sounds like cope. Did you forget 2018 already? All of the polls leading up to 2018 called a blue wave.

And that's exactly what happened. There was a massive blue wave and dems have complete control over the House.

>> No.23197324

imagine paying half your profits to the state to redistribute it to niggers and foreign mudd?

>> No.23197359

>>23195047
Why the fuck are Trump's taxes so high in the first place? You guys get absolute zero benefits and yet you pay Europe tier taxes lmao how the fuck. You should be also able to afford healtcare and all that shit with Trump's tax rate and yet if you stub your toe you financially die.

Does 99% of your taxes go into paying random retarded 20yo kids play shooty shooty in some random desert? Oh wait it does lmao.

>> No.23197364

>>23197290
Yes, this is about it. Trumps Job and Tax cuts plan has been dissected at this point.

ALL OF THE MONEY WENT TO THE TOP 1%. They didn't reinvest in their companies. They didn't increase wages. They paid themselves through stock buybacks. Fucking pathetic. But yeah, my portfolio went up a little I guess? All of the things they said it would do, it did the opposite. Stocks went up (into a bubble), yay!

>> No.23197396

>>23197146
I don't really think so, but there's no way to quantify that possibility. I think a lot of what worked for Trump in 2016 just isn't there this time, like he was an outsider and was able to dominate everyone in debates, and everyone hated Clinton. And honestly the optics of COVID and the economy are not in his favor, and boomers are 50/50 on him now. I wouldn't be surprised if there was 3-4% swing relative to polls but Trump doesn't have the same magic

>> No.23197400

>>23197364
>stocks went up

all that really matters so long as you're a respectable white man with an investment portfolio

>(into a bubble)
citation needed

>> No.23197407

>>23197359
1. Military industrial complex is massive and have all the power. No one, not republican or democrat, can fuck with them.

2. Big pharma and insurance companies are basically one giant cartel. They have immense power, money and influence. This is why medicine here in the states is so much more expensive than in other countries. It's the reason why diabetics who can't afford insulin have to go to Canada or Mexico to buy their insulin.

>> No.23197424

>>23197407
Trump is going after both

>> No.23197438

>>23197364
yeah this is why we need to end all income taxes, payroll taxes, ss, and medicare taxes. just gone. 10% national vat tax - no loopholes for the rich, and they would be forced to keep money in investments unless they want to pay 100k on a 1 million dollar supercar. drastically reduce the size of government so people can have more money to spend as they see fit.

>> No.23197453
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23197453

>>23197424
Sure he is right after he's done deporting all the illegals, boomer.

>> No.23197502
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23197502

>>23197364
>literal delusion

>> No.23197507

>>23197400
Look at earnings vs price. They basically went parabolic after 2016.

>Trump is good for the economy
Okaaaaaay.....that doesn't mean he can suddenly make all companies much more profitable.

He cut taxes for the ultra rich. Research the wealth gap - it's not unbalanced, it's broken and preposterous. These companies just dumped money into their shares which ballooned the price (look at IBM). It helped my 401k but it's not sustainable. I'd much rather a company that I've invested in invest in itself (R&D). So it was necessarily a bubble in that sense, the oscillation just becomes that much more punishing.

>> No.23197570

>>23197502
Nice chart. Now where's your proof that it has anything to do with the tax cuts?

>> No.23197571

>>23197502
>an extra 1% in YOY wage growth for the past two years
>fucking wages

rich people barely make any money from wages you fucking mong. All their income comes from capital gains, dividends and other rich person get-rich-schemes. All methods of which have had their tax reduced and loopholes increased during trump's tenure.

>> No.23197574

>>23197507
>Research the wealth gap

https://www.msn.com/en-au/news/other/wealth-gap-between-americas-richest-and-poorest-shrinks-under-trump/ar-BB19EsXM

>Factbox: New Zealand parties clash over COVID-19, economy, taxes and housing
Coles stores added to Melbourne list of high risk coronavirus spots
Sky News Australia logoWealth gap between America's richest and poorest shrinks under Trump

>Data from the US Federal Reserve shows President Donald Trump may have found an unlikely ally at the election – lower income earners.

>The Survey of Consumer Finances revealed in the three years to 2019, the wealth gap between America's richest and poorest got smaller.

“Families near the bottom of the income and wealth distributions generally continues to experience substantial gains,” the survey said.

https://www.federalreserve.gov/econres/notes/feds-notes/disparities-in-wealth-by-race-and-ethnicity-in-the-2019-survey-of-consumer-finances-20200928.htm

>Growth rates for the 2016–19 period were faster for Black and Hispanic families, rising 33 and 65 percent, respectively, compared to White families, whose wealth rose 3 percent, and other families, whose wealth rose 8 percent.

>> No.23197587

>>23195815
Only poor and stupid pay taxes

>> No.23197605

>>23197571
>tax cuts only benefitted The Rich!
>low-wage industry wages explode after tax cuts

>>23197570

Yes, it was just a coincidence, wages for the lowest-income Americans just decided to rocket upwards after the tax cuts because reasons, maybe it was a really good full moon!

>> No.23197618

>>23197502
Tax cuts? Lol! No. What tax cuts have helped the lower class since Trump?

If there was an increase in lower class wages it's in part due to the geopolitical landscape. But that's happening anyways, with or without Trump.

And a modicum of research from this graph shows that the only states where a wage growth was found was from states that increased minimum wage. I wonder if that's a coincidence?

>> No.23197630

>>23197502
>>23197605
>Trump tried championing the law as a boost to the middle class, saying that average household incomes would increase by at least $4,000 a year. Many economists said the promise was very unlikely to pan out, given companies could easily access additional capital cheaply to shore up operations.

>The White House later pointed to the rise of average hourly pay as a sign of the law's success.

>But it hasn't edged substantially upward since December 2017, hovering between 2.8% and 3.6% up until now.

>One estimate from Macroeconomic Advisors, an economic research firm, found that average hourly growth would have to reach 7.8% this year to reach the $4,000 income boost for US households. It only stood over 3.3%, the firm said.

>wagecuck jobs hourly wage went up 1%
>rocket upwards
fucking kek

>> No.23197647

>>23195047
>>23195102
misleading

>>23195151
this
http://www.crfb.org/papers/understanding-joe-bidens-2020-tax-plan

>> No.23197699

>>23197574
I'm not talking about race. That link with three paragraphs and a bunch of ads is dogshit.

Watch this and then explain to me why it's good. BTW this systemic issue has only exploded through Trumps tax laws favoring the ultra rich. It's gotten fucking worse.

https://www.youtube.com/watch?v=QPKKQnijnsM&t=4s

>> No.23197732

>>23195151
>this will not effect the market
Retard

>> No.23197757

>>23197618
>Tax cuts? Lol! No. What tax cuts have helped the lower class since Trump?

I can tell you don't own your own business.

Further, the Trump years have been the only years since 1980 where the wealth gap between the richest and the poorest has narrowed, per the Federal Reserve.

The thing with left-wing policies is that they appeal to people who don't actually understand how anything works. The rich don't pay taxes. When you hike the top marginal rate, you're not soaking the rich, because they've got all their money sheltered in various trusts and asset classes and other dodges that they can afford to pay high-grade accountants to set up for them. Who you you're soaking are people with moderately successful small businesses, who cannot afford a 7-figure accountant bill, and thus have their net income reduced, and then they have to economize, which almost certainly means lower wages and less hiring.

And, of course, the biggest tax hike on the rich in America in recent memory came from the Trump tax cuts, which finally capped the SALT exemption that let coastal billionaires write off all their state taxes and pay basically zero federal tax. Good thing Pelosi's fighting hard to reinstate that, which will literally ONLY benefit extreme 1% high-earners in blue states.

>>23197630
>rate of increase in low-wage industry pay goes up to 5%
>average family sees a tax break of $2000

>> No.23197766

I like how this highly reputable source throws out a single figure as if there is no such thing as tax brackets.

>> No.23197767

>>23195047
What is the source?
>James Woods
>American 80s actor
>73 years white male from Utah
>Twitter
>Photo taken from a phone 2013

Ok

>> No.23197797

>>23196366
Polls don't predict EC decisions, dum dum. The polls were actually very accurate, they predicted a ~2% lead in the votes for Hillary and that's what she got. It's not the media's fault that a democrat has to not only win, but utterly BTFO the opponent in order to actually become president.

>> No.23197817

>>23197732
It'll probably see an initial sell-off as investors take profit on their long positions. But it's not enacted into law yet just because Biden becomes president. That's about it, and that's how volatility works with elections historically. Ultimately the losers will be the types of people in this thread that think Biden will crash the market, they'll miss out on something that is rigged to go up forever.

>> No.23197847
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23197847

>>23197699
>BTW this systemic issue has only exploded through Trumps tax laws favoring the ultra rich. It's gotten fucking worse.

https://www.federalreserve.gov/econres/scfindex.htm

No, it hasn't. The Trump years have seen a reduction in the percentage of income earned by the top 1%, and an uptick by every other group, the biggest of which is for the middle class.

>Between the 2016 and 2019 surveys, the share of income received by the Bottom 50 and Next 40 income groups both increased, reversing a decade-long decline in the income share for those groups. Both, though, increased from their historical lows and their 2019 income shares are similar to the 2010–13 period.

>> No.23197899

>>23196797
>Only with cognitive dissonance can a leftists have the willpower to believe in their utter righteousness.
So much projection it's downright unseemly.
>The party that believes they literally have God on their side
>The party that always says the left is "eating itself"
>The party that never, EVER goes against their own elected politicians
But yes it's totally the left that is convinced that they're all completely righteous, kek

>> No.23197914

>>23197797
>It's not the media's fault that a democrat has to not only win, but utterly BTFO the opponent in order to actually become president.

lmao holy shit this is not only wrong, but the literal opposite of the truth.

Before 2016, eighteen states in America reliably voted Democrat in every presidential election. Those states are on the west coast and eastern seaboard–and include some very large states such as California and New York. These eighteen states–called the “Blue Wall”–contain 237 electoral votes–just 23 short of what’s needed to win.

Fourteen states–most of which are in the Mid-west and South have reliably voted Republican for years. But they are states with smaller populations and thus smaller Electoral College votes. The red States make up 101 electoral votes.

This gives the Democratic Party a huge advantage. Their candidate, unless they’re a murderer or spouse-beater, has a pretty strong lock on 247 electoral votes. They only need to snag a few more states–like Ohio and Florida–or any other combination of smaller states to win.

>> No.23197916

>>23197757
I see where low wages have been increased through minimum wage increases in certain states/whereas no minimum wage increases led to stagnation.

Where is it that shows high income earners wages have gone down? Oh that's right, they've gone up.

>> No.23197924

>>23197318
Gee, this post hasn't had many responses yet. Wonder why

>> No.23197931
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23197931

>>23196657
https://www.heritage.org/taxes/commentary/the-new-york-times-wrong-the-rich-pay-more-taxes-you-do
https://www.brookings.edu/policy2020/votervital/who-are-the-rich-and-how-might-we-tax-them-more/#:~:text=The%20rich%20generally%20pay%20more,taxes%2C%20according%20to%20the%20CBO.

>What is Monero.?
>What is a corporation?
>I don't know what any of these things are, so your argument depends on ridiculous motivated reasoning.

>> No.23197944

>>23195171
USA was founded because a bunch of Rich people didn't want to give money to England and wanted to keep it to themselves yes

>> No.23197950

>>23197916
>Where is it that shows high income earners wages have gone down?
see
>>23197847

And then ask yourself why you think it's gone up, and more importantly who told you that, when the actual objective numbers say the opposite.

Did you know that federal revenue went UP every year after the Trump tax cuts? I bet you think it didn't.

>> No.23197972

>>23197400
You are most definitely not respectable nor a man if you don't understand that it's a bubble. You're a zoomer chud, no older than 22, if you don't even have the experience to know a bubble when you see one. Good thing for you that you're just larping and don't actually own any significant amount of stocks, I guess.

>> No.23197986

>>23196014
Correct. If you value your investments and retirement, you do no want to be voting for Biden. Also, and this was brought out in the VP debate, Biden tax hikes do apply to middle class as Biden wants to repeal the cuts Trump made. That is tax hike to those making less than 400k, despite Harris' claim otherwise.

>> No.23198001

>>23197318
>2018
Are you a nigger by any chance?

>> No.23198005

>>23195151
Projection and defeatist. You will never make it with that attitude. I vote based on not what benefits me right now, but what will benefit me when I’m wealthy, which I plan to be

>> No.23198029

>>23195340
Yeah yeah they always start with taxing the rich, who have resources to evade anyway and this will be redirected to Joe and jane. First income taxes were introduced to "only" tax the rich

>> No.23198030

>>23197847
>income earned
I think you are the same disingenuous nigger in every wealth gap thread pushing this bullshit narrative. RICH PEOPLE DO NOT MAKE THE MAJORITY OF THEIR WEALTH THROUGH EARNED INCOME. An infinitesimal decrease in the gap between top and bottom earned income quartiles under trump's watch means fuck-diddly all. The wealthy make all their money with investment income and capital gains, it is a different fucking category.

>> No.23198038

>>23197318
>>23197924

I can respond -- the "blue wave" was a massive disappointment, with +45 seats in the House and somehow LOSING seats in the Senate in a midterm, which for a projected Dem +9% electorate was a massive disappointment.

Compare to Obama's first midterm, when the GOP picked up +63 House seats and 7 Senate seats on a polled GOP +5% electorate.

>> No.23198044

>>23197502
Whoa, Trump's tax cuts took effect in late 2012? Fucking GOAT president holy shit!

>> No.23198059

>>23197847
>income
I can't tell if this mentally ill boomer is trolling or genuinely retarded

>> No.23198116

>>23198030
>I think you are the same disingenuous nigger in every wealth gap thread pushing this bullshit narrative. RICH PEOPLE DO NOT MAKE THE MAJORITY OF THEIR WEALTH THROUGH EARNED INCOME.

Yes, so when you hike taxes, who actually ends up paying? That's the whole point. Politicians promising to make "the rich" pay by hiking taxes know damn well that they're not going to cost the rich a dime more. The costs will be borne by moderately successful small businesses.

Further,

>muh wealth!

I'm glad you brought that up!

>The share of wealth held by the top 1 percent fell slightly between 2016 and 2019, from 33.9 to 33.1 percent. Most of this loss was absorbed by the Next 9 wealth group, though, such that the top 10 percent of families (the sum of those two groups) held the same share of wealth in 2019—71 percent—as they did in 2016. Both the Next 40 and Bottom 50 groups also held about the same share of U.S household wealth in 2019 as they did in 2016—27 percent and 2 percent, respectively.

In fact, the wealth gap narrowed under Trump, the first time since 1980 (not counting the 2008 crash) that it's gone any other direction.

>> No.23198135

>>23197914
Getting rid of the EC would benefit dems on average, though. Remember that Hilldawg won the popular vote by several million head. Most rural states with disproportionately high elector:population ratio are conservative.

>> No.23198162

>>23198038
That has nothing to do with what I said though. The polls called the 2018 blue wave, and there was a blue wave exactly as predicted. The polls didn't call for dems winning the senate in 2018.

and Yeah it was such a massive disappointment that dems are now poised to win both the presidency and the senate, to the point where republicans are now starting to distance themselves from trump and trying to keep their senate seats by telling people that they should vote republican so dems don't have complete control in Washington , kek.

>> No.23198169

>>23196366
retard

>> No.23198171

>>23198059
see
>>23198116

You're here, and arguing, but what you believe to be the case is directly contradicted by the facts. So where are you getting your information from? Because they either don't know what they're talking about, or are actively lying to you.

The wealth gap narrowed under Trump, wages have gone up faster under Trump for low-income earners than for any other group, the 1%'s share of wealth AND income has dropped, and federal revenue went UP after the Trump tax cuts.

>>23198135

Both systems favor dems. Their ability to massively run up the score in LA and NYC is great, and the EC setup starts them with a massive advantage in safe states, ~230 safe blue EC to ~140 safe red.

>> No.23198192

>>23197757
>>rate of increase in low-wage industry pay goes up to 5%
>>average family sees a tax break of $2000
https://www.bloomberg.com/news/articles/2019-06-07/trump-s-tariffs-have-wiped-out-most-families-tax-cut-gains
OH NO NO NO NO NO

The thing with right-wing politicians is that they don't understand how anything actually works.

>> No.23198205

>>23198162
>The polls called the 2018 blue wave, and there was a blue wave exactly as predicted.

I'm gonna assume you're pretty young -- midterm elections always go against the party that has the White House. +45 seats in the House and -3 in the Senate is not a wave, i's the weakest midterm flip in modern memory. (not counting 2002, which again was right after 9/11 and Bush, God help us all, had a 80% approval rating)

>> No.23198253

>>23195047

biden likes to sniff little girls..

TRUMP IS ALPHA MALE.

>> No.23198259

>>23198192
>delusional cope

This was written before the tariffs went into effect.

>If the president makes good on his threats to impose levies on virtually all imports from China and Mexico, those middle-earning households could pay nearly $4,000 more as they shell out more for a vast range of goods -- from avocados to iPhones.
>if
>could
>if
>if
>could

In fact, the levies were imposed, but CPI stayed flat for all durable goods. This is because exporters ate the cost of the tariffs, as everyone who wasn't a outsourcing shill predicted.

https://www.cnbc.com/2019/07/11/consumer-price-index-june-2019.html

You are being lied to.

>> No.23198266

>>23198116
that 0.8% decrease was erased this year thanks to the feds printing infinite money for big companies.

https://www.businessinsider.com/billionaires-net-worth-increases-coronavirus-pandemic-2020-7

>>23198205
Again, you are not addressing anything of what was said. You are going off on a tangent because you have no way to refute any of what I said, kek.

Trump needs a miracle to win now and the Senate flipping becomes more likely with each day that passes.

You can not cope.

>> No.23198342

>>23197950
Again, the only evidence of increase in wealth in lower classes stems from minimum wage increase. Why does no increase in minimum wage by state lead to no increase in wealth? Do you think that's just coincidence?

No one is telling me anything. I get my news from Wikipedia. The graphs are aggregated, meaning the next highest percentiles had their wealth increased proportionately to the highest percentile. And so, while the discrepancy isn't as large, the top percentiles still hold the vast majority of wealth.

>The share of wealth held by the top 1 percent fell slightly between 2016 and 2019, from 33.9 to 33.1 percent. Most of this loss was absorbed by the Next 9 wealth group, though, such that the top 10 percent of families (the sum of those two groups) held the same share of wealth in 2019—71 percent—as they did in 2016.

>> No.23198349
File: 3.37 MB, 630x385, source.gif [View same] [iqdb] [saucenao] [google]
23198349

>free market bro

https://www.youtube.com/watch?v=x6U2Un5kEdI

>> No.23198369

>>23197914
>Their candidate, unless they’re a murderer or spouse-beater, has a pretty strong lock on 247 electoral votes. They only need to snag a few more states–like Ohio and Florida–or any other combination of smaller states to win.
Retarded nonsense. Republicans wouldn't be winning roughly half the time if this were the case.
Saying dems have an unfair advantage because of coastal states is just saying it's not fair that you can win an election just by getting more votes. It's fucking retarded on its face.
Dems have to get a 3-4 point lead (this equates to like 5 or 6 million votes at a minimum) in order to actually be favored to win the presidency. Not to actually win, mind you, just to be FAVORED to.

It's pathetic that you think it's unfair to republicans, tbqh. If they want better odds of winning then maybe they should campaign with coastal states in mind?

>> No.23198393

>>23197318
>republicans win on election day
>over weeks, democrats pull enough ballots out of their asses to overturn
>bLuE wAvE

>> No.23198402

>>23198266
>that 0.8% decrease was erased this year thanks to the feds printing infinite money for big companies.

Yes, the beer bug has fucked everything up all over the world. You should see the disaster unfolding in Germany.

>Again, you are not addressing anything of what was said. You are going off on a tangent because you have no way to refute any of what I said, kek.

What? Literally every President has an opposition Congress after the midterms. Compare the 2010 midterms to the 2018 -- "blue wave" sounds catchy but the Dems massively underperformed compared to 2014, 2010, 2006, 1998, 1994 etc.

>Trump needs a miracle to win now and the Senate flipping becomes more likely with each day that passes.

That's great -- I made millions under Trump, offset by him hiking my taxes slightly because I live in a blue state. What you need to understand is that Nancy Pelosi's number one legislative priority is to give me a big fat tax cut the second she can. Do you know what the SALT exemption is? You should go google it right now. You will get angry.

>>23198342
>I get my news from Wikipedia

And you now are aware of the inherent problems of having a wiki news source.

>The graphs are aggregated, meaning the next highest percentiles had their wealth increased proportionately to the highest percentile. And so, while the discrepancy isn't as large, the top percentiles still hold the vast majority of wealth.

Yes, and they always will -- that by definition is what makes them the top percentiles. However, you thought that the wealth gap has increased under Trump, but it's actually narrowed slightly. So who gave you the wrong impression?

>> No.23198422
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23198422

>>23198342
>I get my news from Wikipedia

>> No.23198424

>>23198342
has it ever occured to you that poor people are stupid and dont invest lol? unironically, i'm a 31 yearold security guard. my peers, all of them, are dirt poor. i'm a homeowner, and invest 20% of every paycheck, like a good '30 yearold boomer' memer lol. i'm going to make it. as for the rest of the poors, i guess let them enjoy their new iphones, leased cars, and cappuccinos instead of investing lmao? you'd be amazed at the amount of poors, particularly young poors, who spend half their wages on bullshit consoooooooooooming.

>> No.23198492

>>23198369
>delusion

Under the EC system, the Democrats start out with 230 relatively safe EC votes, and only need 40 more to win. The Republicans start out with 140 safe, and need to win 130 more to win. Two large battleground state wins can deliver the WH to the Democrats. The Republicans must win half a dozen at least.

>Dems have to get a 3-4 point lead (this equates to like 5 or 6 million votes at a minimum) in order to actually be favored to win the presidency. Not to actually win, mind you, just to be FAVORED to.

This is because they have massive, overwhelming leads in a handful of densely populated cities. The thing is that the country is a union of states, and the interests of Los Angeles and New York City are not the interests of the overwhelming majority of the country. That's why a would-be President has to appeal to a bunch of differing interests. I mean, if California were to secede, no Democrat would come anywhere close to winning the "popular vote" unless they were to turn hard right.

If what is popular in LA and NYC is deeply unpopular with the rest of the country, that's not the rest of the country's fault. That's how a republic works.

>> No.23198514

>>23195644
The US in turning into the Uk, welcome aboard frens

>> No.23198556

>>23195600
Checked

>> No.23198571

>>23198259
>In fact, the levies were imposed, but CPI stayed flat for all durable goods. This is because exporters ate the cost of the tariffs, as everyone who wasn't a outsourcing shill predicted.
And what happened when the retaliatory tariffs from China came, as everyone who's not a shill said they would? Oh yeah, farmers got fucked and had to be bailed out shortly after they all started killing themselves and going bankrupt.

https://www.forbes.com/sites/chuckjones/2019/08/30/amid-trump-tariffs-farm-bankruptcies-and-suicides-rise/#6440b3c92bc8

Turns out that pointless trade wars don't actually help any party involved, who knew.

>> No.23198604
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23198604

>>23195047

>> No.23198639
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23198639

>>23198571
>Talking Point #425

>> No.23198658

>>23197899
Both parties are the same, you faggot. The only difference is that Democrats have an outgroup bias, which makes themselves the benevolent deities in their story.

>> No.23198682

>>23198571
>And what happened when the retaliatory tariffs from China came, as everyone who's not a shill said they would? Oh yeah, farmers got fucked and had to be bailed out shortly after they all started killing themselves and going bankrupt.

And then the Chinese folded, like we all knew they would, and started buying up all the basedbeans and pork they could. You didn't know about the hog epidemic in China, did you? Their retaliatory tariffs came during a massive internal food crisis. They were never going to last and everyone who was even moderately informed on the issue knew that.

https://asia.nikkei.com/Politics/International-relations/US-China-tensions/China-doubles-US-basedbean-contracts-ahead-of-November-election

Notice how you haven't heard about the poor suffering farmers recently? That's because of this:

>Under their "phase one" trade deal, China is supposed to boost imports of American goods and services by $200 billion from 2017 levels -- before their trade war began -- by the end of 2021.

>In order to meet this goal, Chinese imports needed to total $100.7 billion in the first seven months of 2020, according to the Peterson Institute for International Economics. But the actual figure was $48.5 billion, or 48% of that goal.

>The U.S. and China affirmed their progress on the phase one deal at a cabinet-level meeting in late August, but numbers on the ground indicate they are still far behind.

>Chinese imports of agricultural goods in particular have only achieved 46% of year-to-date targets, down from 58% in February, when the trade deal took effect.

In fact, US farmers are making out like bandits from the trade war. You are being lied to.

>> No.23198696

>>23198492
This is just the old "Well if democrats didn't exist then republicans would always win!" spiel. It's retarded. If middle America didn't exist then the dems would always win! But oh wait that doesn't help me because this is real life we're living in, nevermind.
Like I said, Republicans could get those coastal states on board if they made any attempt to appeal to them, but they don't. It wouldn't even be that hard, all coastal liberals have as a bar is:
>not a science denier
>doesn't think minorities are a lower class of person
>doesn't want to give all the money to the rich
Not a hard bar to meet as long as you aren't a religious nut.

>> No.23198729

>>23198369
What do Democrats have to offer rural areas?

>> No.23198758

>>23196752
Sorry buddy you're in for a rude awakening.

>> No.23198764

>>23198402
>Yes, and they always will -- that by definition is what makes them the top percentiles. However, you thought that the wealth gap has increased under Trump, but it's actually narrowed slightly. So who gave you the wrong impression?

I concede per this graph. Point is nothing has changed. And as another anon pointed out, earned income isn't a fair metric. And stock buybacks which Trump has only helped via the Jobs and Tax Cuts act proves their point. Who knows how much the gap is now.

>On a conventional basis, the Biden tax plan by 2030 would lead to about 6.5 percent less after-tax income for the top 1 percent of taxpayers and about a 1.7 percent decline in after-tax income for all taxpayers on average.

That 6.5% is dispoaprrtiately massive. I'll take that trade. You raise the floor for everyone and everyone wins.

>> No.23198771

>>23198729
Almost completely free mexican labor and a Chinese landlord.

>> No.23198793
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23198793

>>23197647
you could have just posted this

>> No.23198806

>>23198696
>Like I said, Republicans could get those coastal states on board if they made any attempt to appeal to them, but they don't

I guess, by that logic, Democrats don't make any attempt to appeal to any non-coastal states then.

One of the thing left-wing voters need to free themselves from is the DNC's absolute inability to accept any responsibility whatsoever for their own failures.

>Hillary lost? It certainly wasn't that she didn't even bother to campaign in Michigan, and was out fucking around in fucking Arizona -- it's THE SYSTEM BY WHICH EVERY PRESIDENT HAS BEEN ELECTED THAT'S TO BLAME!
>or Bernie Sanders! I mean, he actually was doing more Hillary events than Hillary was, but can we forget that he ran AGAINST her, earlier in the primaries! It's his fault!
>it's the fault of anyone who looked at the garbage candidate the DNC put forward and said "fuck that" and voted Jill Stein or Johnson! We put forward a candidate and by god you are GOING to vote for her and say THANK YOU afterward!
now it's
>after 50 years of a liberal Supreme Court, the Republicans are going to have a majority, simply by following the rules!
>9 justices is a FRAUD! We'll just add 4 of our own so we can get our way again!

>> No.23198812

>>23197396
>honestly the optics of COVID and the economy are not in his favor
You are so wrong imo, this is twitter libs mentality. Most people feel he did the best he could and know it's China's fault. We also now know about those inflated death numbers now. He closed us off from China early to. Economy, the average person read or saw that job numbers and stonks were going up so they have a positive view before this covid scam happened. /biz/raelis probably know those stonk and job numbers and this whole economy is fake but it's not Trump's fault. Shit was fucked before even Obummer. If stonks crash now I guarantee media and shills are going to go full blast blaming Trump, but average person will not blame Trump because everyone will blame covid and lockdowns.

>> No.23198820

>>23198682
China is fucked with or without Trump. This was a long time coming and was happening regardless. Covid has sped it up by a few years. Mexico is the new source of cheap labor. Trumps deals have admittedly been successful but were a foregone conclusion. The US literally doesn't need China for anything.

>> No.23198841

>>23195151
Give them an inch, and they'll take a mile.

>> No.23198860

>>23196094
You're shilling this taxes are good pretty far. Let me guess you soak corks?

>> No.23198861

>>23198771
I was a Democrat when I was a teenager, but there are a lot of deal-breakers, now.

>> No.23198875

>it's only going to tax the rich
They say this literally every single time and it's never true

>> No.23198884

>>23196113
Solution is more taxes got. Nobody will even notice. Whats a few dollarinos between hook noses

>> No.23198894

>>23196015
They didn't, they just moved manufacturing, which didn't come back at all

>> No.23198897

>>23198424
That's good. Financial education doesn't exist in the US so basically no one knows this. Also, getting your kids into a mortgage is much more important than getting them a college degree these days.

I basically max my 401k and will be retired at 43 thanks to my mortgage.

>> No.23198906

>>23195151
you lefty scum are all crabs in a fucking bucket. the only way I'm not voting for Trump is if there's a candidate that promised to hang all of you.

>> No.23198907

>>23198764
>And stock buybacks which Trump has only helped via the Jobs and Tax Cuts act proves their point.

Did you know that over 50% of Americans own stock? It is not the province of plutocrats any more.

>nothing has changed

It's actually narrowed slightly -- but people THINK it's increased. They are being lied to.

> And as another anon pointed out, earned income isn't a fair metric.

I agree 100%, and that's what makes my blood boil when I hear politicians promising to "make the rich pay their share" by hiking taxes on the 400k brackets. The rich do not pay taxes because they hide their income. These increases will be borne solely by moderately-successful small businesses, and that will lead to lower incomes for people who work for these businesses. And these politicians KNOW this.

I mean, Pelosi's #1 legislative agenda is to repeal the SALT exemption cap. She keeps trying to tie coronavirus relief to it. 90% of the benefit of that exemption goes to ultra-high earners in coastal states, Trump axed it, and she wants to bring it back.

>>23198820

Absolutely true, which was why Trump was right to put his boot on their neck and get concessions. Anyone could've done it in the last 20 years, and millions of jobs could've been saved.

>> No.23198918 [DELETED] 
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23198918

> be wagie
> in cagie
> hate boss and job
> balding
> low test
> wife being dicked down by black bull
> hate life
> humiliated in front of thousands of people
Look at the pain in his eyes lol

>> No.23198924

>Biden’s plan would first raise taxes on capital gains by treating them as ordinary income for those earning more than $1 million. On his website he said he would also raise the top rate on ordinary income back up to 39.6 percent from the 37 percent rate put in place by the Tax Cuts and Jobs Act. As such, the top rate on long-term gains would nearly double from 23.8 percent to 43.4 percent.
Any self-respecting LINKmarine has enough to lose half his money to tax from this. imagine defending the Democrats in 2020 on /biz/, especially when we just printed trillions a few months ago.

>> No.23198995

>>23197424
lmao....

>> No.23199011
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23199011

>>23198924

It's infuriating. Great news for all the rich fuckers who've already made it -- they've got their wealth safely stashed away in art and real estate and boutique financial instruments in the Seychelles. Huge hikes in capital gains tax don't affect billionaires.

But it sure as hell creates an INSTANT glass ceiling for everybody else. They won't have much competition when anyone who's a danger for joining The Club suddenly has to hand over 40% of their gains every year.

>> No.23199040

>>23198861
I don't think I'd mind higher taxes that much, but I just don't see us getting the benefits that Euros get with their high tax rates but we'll definitely get the negatives that they get. Wealth taxes, increased trading costs, possibly VAT which translates to higher prices. Not to say republicans are any better, that is. I'd vote for someone that can show results when they promise to get us out of foreign wars but that's a pipe dream. Literally a choice between a giant douche and a shit sandwich.

>> No.23199043

>>23198806
>One of the thing left-wing voters need to free themselves from is the DNC's absolute inability to accept any responsibility whatsoever for their own failures.
I have no love for the DNC, they're awful and were even moreso during Hillary's campaign.
>, simply by following the rules!
Simply making up rules and then not following them, you mean.
>"No new judges during the last year of a president's term you guys! That's the rule, even though nothing in the constitution so much as alludes to that!"
*4 years later*
>No new SC judges in the last year of a president's term? Wtf you talking about, that's not a rule, lol

>> No.23199081

>>23199011
Imagine being from CA and having another 13.3% to that. Kek.

>> No.23199146

>>23199040
Most USG spending is for gibs programs and fake jobs, and overspending on healthcare because free trade is suddenly illegal when medicine is involved. Even the military is largely a big jobs program. Same is also true of state governments.

>> No.23199212

>>23197972
That's rich coming from the stupid zoomer faggot who knows nothing of the market beyond a few talking points. Please explain to me how the current market is in a "bubble" without some bullshit appeal to emotion argument with no substance.

Have you seen the US 10yr rate lately? The only thing that matters for asset pricing is relative returns, and relative to benchmark US interest rates the market is actually quite cheap. The ramp you've seen in equity valuations YTD has been driven by the discount rate effect of taking the US risk-free rate down by over 1%. We're trading where we were in february despite benchmark rates being 100bps lower. The market is cheap on a relative basis and the fact that 80iq fucking brainlets like you think it's a bubble just gives me more conviction that it isn't. Enjoy watching the market continue to rally while you sit on the sidelines with your dick in your hand calling it a bubble. You're the same stupid faggots that follow Peter Schiff and missed out on the entire expansion from 2009-today. Eat shit.

>>23197507
Okay? The market has re-rated and placed a greater multiple on the same steam of earnings. That's because the alternatives have gotten far less attractive, so people are bidding up equities.

>> No.23199227

>>23199043
>>"No new judges during the last year of a president's term you guys! That's the rule, even though nothing in the constitution so much as alludes to that!"

The difference is that in 2012 America reelected Obama, but then in 2014 elected a massively Republican Senate. That suggested that American voters were not fully behind his legislative agenda. So the guys elected to oppose Obama opposed him.

In 2016 America then elected the opponent of Obama's successor, and then in 2018 added to the Republican Senate majority.

There's plenty in the Constitution about that -- the Senate majority leader gets to decide what the Senate brings up for a vote, and when it comes to judges, the President proposes and the Senate confirms. That's Article II, Section 2. Was McConnell an absolute dick to Merrick Garland? Absolutely. But it was according to the rules.

Actually, if it wasn't for Harry Reid abolishing the filibuster right before the 2014 midterms, none of this fuckery would've been possible.

Just deciding that a 9-justice Supreme Court is fine as long as you have a majority, but after a series of election losses and terrible decisions puts you just 1 justice in the minority, that it's time for a 11- or 12-justice so you can have your guys in charge again, is pretty ridiculous

>> No.23199252

>>23195047
When I used twittdr a couple of years ago, I remember Woods being anti crypto. Has things changed?

>> No.23199272

>>23199212
>Have you seen the US 10yr rate lately? The only thing that matters for asset pricing is relative returns, and relative to benchmark US interest rates the market is actually quite cheap. The ramp you've seen in equity valuations YTD has been driven by the discount rate effect of taking the US risk-free rate down by over 1%

This. Money is absolutely fleeing the Eurozone into the safety of US Treasuries at literally any rate they can get. The economic fundamentals right now are so strong, and both parties are committed to throwing money out the window for at least 2 more years. I feel like I should call my doctor about how long my erection is lasting.

The only difference is the Democrats will erect statutory barriers, like massive capital gains tax hikes, to keep others from joining the Rich Kids club.

Fortunately I've made enough with Trump that I'm rich enough to benefit from a Biden presidency

>> No.23199309

>>23195815
You'd have a point if many weren't already moving from California to Texas over taxes.

>> No.23199322

>>23199146
The worst part is, little of that actually helps to curb poverty or help those in poverty escape despite that being the message or objective. Majority of those welfare programs only help the poor survive vice thrive, even in red states.

>> No.23199349

>>23197438
that would be a good thing and most politicians dont want to actually fix anything

>> No.23199398

>>23197438
>10% national vat tax

The problem is that VAT taxes disproportionately hit the poor, who spend pretty much 100% of their income on consumption. People who don't make enough to pay federal tax would get an effective 10% tax hike. I guess you could make basic life stuff tax-exempt though

>> No.23199402

>>23199212
>>23199227
Americans deserve every once of misery they'll recieve as more countries realize a nation full of Niggers, Psychopath CEOs and mindless consumers is a bad investment. Both you and China deserve and will crash and burn for your arrogance.

>> No.23199425
File: 245 KB, 852x689, 1601879629511.jpg [View same] [iqdb] [saucenao] [google]
23199425

>>23195754

>corporations try to offshore jobs
>we ban them from the American market entirely

Uh-oh. What then? I'll tell you what then -- they'll sit their asses back down in America, pay a slightly higher tax rate, and quit complaining. This is exactly what China is doing with tech companies, to great effect. They tell them to abide by their censorship rules or they can't play in the second-largest economy on earth.

Guess what? The American government has tremendous bargaining power, greater than any on earth. All we have to do is start using it to benefit the average worker.

>> No.23199428

>>23197359
>Does 99% of your taxes go into paying random retarded 20yo kids play shooty shooty in some random desert? Oh wait it does lmao
Wrong only 50% does, the rest goes into subsidizing blacks.

>> No.23199435

>>23197817
>All stocks go up forever
Okay. Open a book. Guess how many companies that traded 100 years ago still do? Do you know that a lot of stocks, adjusting to inflation, never recovered from 2008 even though the numbers are up?

>> No.23199479

>>23197931
>doubles down on the motivated reasoning
like clockwork

america could get rid of capital flight in an instant if it said it said it wouldn't enforce property rights on any foreignly held USD.

>> No.23199488

>>23199402

lmao it turns out a nation full of niggers, psychopath CEOs and mindless consumers is a much smarter investment than a shithole with 20% VAT trying to fund trillions in pension, health and welfare liabilities with no money as half the population ages out of the workforce, and the "replacements" brought in tend to be more interested in setting things on fire than suddenly becoming educated members of the workforce

Can't raise VAT any more because there'll be riots, can't cut benefits because there'll be riots -- your super-rich are already sending all their money to be stored here while they go live in New Zealand, and any attempt to tax them more will just accelerate the capital flight, leaving governments broke and, you guessed it, riots. They were already into negative interest rates BEFORE the beer bug

Europe is so thoroughly fucked it breaks my heart -- though hopefully I can pick up a nice villa in Spain for a good price after the collapse.

>> No.23199504

>>23199435
you dont understand what happened to those companies. most did not go bankrupt, they were merged, IE; bought out, by other companies. but, that's reality for you, it's something only people who make it understand. sorry.

>> No.23199511

>>23199435

They kind of will this time. Biden's not going to do anything significantly different from Trump, economically speaking, except put up some barriers for ordinary people to join the Rich Kids Club. Either way, we've got another 2 years of boom, minimum, thanks to the apocalyptic scenario brewing in the Eurozone.

>> No.23199523

>>23196829
LOSSES ARE DEDUCTED FROM GAINS U MONKEY

>> No.23199640

>>23199488
Our pension problem is just as bad as much of Europe though. Democracy will have to end if pension reform is going to take place. This is one of the glimmers of hope that exists in our society.

>> No.23199659

>>23195151
Problem is all these...people live in a fantasy world where they will be billionaires one day and they seem to ACTUALLY believe their own bullshit. At first I thought the "temporarily embarrassed millionaires" meme was just a meme but these people are actually that retarded and delusional.

>> No.23199755

>>23199640
>Our pension problem is just as bad as much of Europe though

lmao you'd think, but go have a look sometime. Almost every single European government is functionally insolvent before you even get to stuff like healthcare and pensions -- and they've already got crushing income taxes AND 20% VAT taxes. They need triple the revenue they've got, but they are already taxing literally everything at the maximum.

Macron tried to hike the gas tax up a few cents per liter and there was a year of Yellow Vest riots.

They are so fucked and the smart money is flowing to us so fast that the Fed is having to brr the money printer just to keep deflation at bay. This whole bull market we're in is being directly financed by European investors.

>> No.23199812

>>23199659

No, you retard -- a 43% capital gains tax doesn't affect billionaires, because they have their wealth stashed in hard assets and boutique financial instruments overseas. They won't pay a penny more.

But, it sure as hell will keep ordinary people from becoming rich, because now anyone who's threatening to join the Rich Kids Club suddenly has to pay 40% of their gains every year. Don't you get it? It is a huge financial glass ceiling to cap upward financial mobility.

>> No.23199813

>>23197502
Read the chart retard, they've been going up way before Trump, probably has nothing to do with who the president even is.

>> No.23199879

>>23199813
>~3%
>plunges down during Great Recession
>slowly limps back up and plateaus between 2.5%-3% through Obama years
>Trump tax cuts
>shoots up to 4.5%

You do know what happened in 2008-2010, right?

Also, did you know that the greatest expansion of the wealth gap in American history was between 2010-2016?

>> No.23199888

>>23195195
This is why it will lead to war. No one on the Trump side is going to accept an election result where they are still counting votes weeks later. Even if on the up and up, it looks like they keep mailing in votes until they win. That will delegitimize the results and people will start to get violent.

>> No.23199891

>>23199812
>But, it sure as hell will keep ordinary people from becoming rich, because now anyone who's threatening to join the Rich Kids Club suddenly has to pay 40% of their gains every year. Don't you get it?

Yes, that was exactly my point, you think you'll be a billionaire one day. Thank you for proving my point.

>> No.23199944

>>23199891
>it's good that the government prevent people who aren't already rich from getting rich!
>it wouldn't be fair if billionaires had competition!

Holy fuck, I am actually going to try to get Trump elected

>> No.23200000

>>23199755

>Did you know that over 50% of Americans own stock? It is not the province of plutocrats any more.

You mean *only*. And do I need to attach an image of who owns the overwhelming majority of stocks, I think we can guess who it might be again. And fleecing wall street doesn't bother me, fuck them, they make money for fun.

Yeah I don't get Pelosi on the SALT tax. I need to look into that. There's an interesting dynamic where states are bidding through tax law for new people/investments. It's basically a luxury to live in CA/NY and they know this and therefore charge it, and I have no clue why it's taking so long for the non-rich to figure this out and pack up. But this doesn't change the wealth gap in itself.

How much do you think is geopolitical? I know China and Germany are fucked. I heard recently they let off a bit with buying our dollars. Should be interesting to see.

>> No.23200003

>>23199879
>keeps going up constantly from 2012-2016
>Trump gets elected in 2016
>stagnates

Actually it seems like it stopped going up when Trump got elected and now that Trump is out soon it started going up again, weird.

>> No.23200058

>>23199944
You will never be rich.

>> No.23200083

>>23197359
Ask all the soldiers in europe who they're being trained by, and why the US has bases in europe.

While you guys enjoy the benefits of your social programs, you're not putting a lot of money into your military.

Majority of the US GDP goes to military...which Israel and europe rely on.

>> No.23200091
File: 203 KB, 634x342, they did it again.png [View same] [iqdb] [saucenao] [google]
23200091

>>23200000
CHECJKED

>> No.23200141

>>23198812
>Most people feel he did the best he could and know it's China's fault
I almost never hear this. Almost all trump supporters I hear are "just the flu" types thinking only 6% of the deaths are actually from covid. Which is wrong because the comorbidities include stuff like pneumonia and respiratory failure which are just symptoms of the virus, and it's shitty cope because "don't worry only old people die" doesn't make boomers want to vote R. Libs obviously take a the worst view possible on him, but other than the china ban he barely did anything proactive. And dems are pushing it hard too, with Trump's comments in Feb and March.
Remember in an average election, how well the economy is doing is like 60% of it. Regardless of what the president has done, the general sense of an economy doing well or being in a pandemic is enough to sway the election. People don't just not blame the president because it wasn't his fault. And saying "well before the lockdowns the economy was good" doesn't make people feel better.

>> No.23200263

>>23197060
where is wall street exiting to?

>> No.23200273

>>23200058
He sounds rich already, that's why he's so pissed off about the tax increase at his bracket.

>> No.23200463

>>23195151
cope faggot

>> No.23200502

>>23200000
FOUND THE DIGITS
THIS ANON IS THE CORRECT ONE

>> No.23200523

>>23197757
the SALT exemption thing seems designed to hurt people who don't like Trump, i.e. people who earn between $100k and $500k per year and who live in states like California and Connecticut: https://smartasset.com/taxes/trumps-plan-to-eliminate-the-state-and-local-tax-deduction-explained

>> No.23200541
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23200541

>>23195047
Biased as fuck article. Those are all top tax rates, Biden favors a progressive tax structure.

For all of you autists on here, it means no new taxes since you are all poor and NEETs.

>> No.23200567

>>23200000
Based and checked.

>> No.23200590

>>23200523

It's entirely unfair for high cost of living (high property value) coastal areas to deduct a metric shit ton of money from their federal burden while enjoying the exact same federal benefits as people who can't do that

It doesn't even make any sense, more than $10k of your local taxes deducted from your federal lol wtf? That screams "Jewish real estate corruption"

>> No.23200706
File: 2.21 MB, 1300x1800, GESARA.png [View same] [iqdb] [saucenao] [google]
23200706

>>23195047
Trumps tax plan is Zero taxes. XRP Nesara/Gesara

>> No.23200734

>>23200541
It means all our wealth will be sucked up by china and your dumbass will be enslaved to an insect chink.

>> No.23201188

>>23195195
>republicans are such spineless worthless cucks that they wont do anything to stop it
this, everyone from neo-cons like mcain boomers to the most schizophrenic of /pol/ incels will sit on their hands basically until they're loaded on cattle carts.

>> No.23201190

>>23195151
Yeah let’s start a poorfag revolution, tear down the capitalist markets and hang the rich! You really expect to get /biz/ on your bandwagon you smelly lefty loser?

>> No.23201226

>>23201188
WAAAAAH!!! WHY ARN'T YOU DOING THINGS FOR ME!!! WAAAH!! WHY ARN'T YOU MY PERSONAL ARMY!!! WAAAAAH!

Go fuck yourself lefty shitstain

>> No.23201251

>>23200000
Witnessed

>> No.23201299
File: 695 KB, 850x861, A9013D5C-A88E-4107-B310-6FD5E6955EEB.png [View same] [iqdb] [saucenao] [google]
23201299

>it’s your patriotic duty to pay your fair share in taxes

I fucking hate liberals. How about you keep more of your money and then donate it directly to the charity of your choice?

>> No.23201313
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23201313

>>23195176
>Biden is 100% winning this election bozo

>> No.23201333

>>23195619
> $400k is soon middle class
It’s middle class right now. I make that and between kids’ college funds, school tuition, healthcare saving, 401k and mortgage, we can’t afford a yearly vacation. Yeah we could live more frugally (we never eat out etc, but could buy fewer toys & classes for the kids, save a few grand there per year) and afford a cheap vacation, but we’re certainly not splurging as is.

>> No.23201349
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23201349

>>23200541
>you are all poor and NEETs
This is what plebbitors and leftists actually believe.
Cope harder faggot. There are more functional and wealthy people on this one board than all of plebbit or the NYT comments section. Prove me wrong.

>> No.23201355

>>23201190
uwu imagine the smell

>> No.23201383

>>23195754
Bruh if you believe this you are actually brainwashed and there is no helping you.

>> No.23201389

>>23201299

What makes it worse is that income tax wasn’t even a thing until after WW2. It’s an extremely Jewish scheme to rob the working class and these puppets carry their water

>> No.23201400

>>23195047
Divedend taxes sound as jewy as property taxes.

>> No.23201409

>>23201333
if you're going to larp, at-least do the math. 400k is 300k after tax. kids college fund is at most 50k/year. 250k after tax now. tuition again at most 50k/year, 200k after tax now. healthcare at most 10k/year, 190k after tax now. mortgage at most 30k/year. 160k after tax now. 401k at most 18,500/year, 141,500 after tax now. IE; you're a larping fucking faggot get the fuck out of here and go back to reddi1.

>> No.23201423

>>23195754
This is nothing new.

The democrat run cities were precedent for things to come. If Biden wins, it's a sign of the times. Time to move out.

By the way, I work for a "mega-corporation" part time. It's riddled with virtue signalling, leftist ideological manifestations all throughout. It's only been a few months since they've gotten things back up and running, but most of the employees are tired looking, underpaid, almost depressed, and management points the finger at everyone else far too often for their own failure to lead and change the atmosphere, drive sales, whatever.

These types of people are a dirge of the death they wish to spread. I'm talking spiritual death.

>> No.23201427

>>23195195
That or they claim Trump cheated somehow. I've seen the argument that Trump is an acceleration for their agenda. After all, they have attached any sort of freedom and responsibility on the evil of being white.

>> No.23201446

>>23201389
If there wasn’t an income tax my shitty salary wouldn’t even be that bad. It would also strangle government bloat

Government workers get the best of everything but they are also the laziest, most incompetent faggots who should be stocking shelves in Home Depot

>> No.23201449

>>23197587
lol don't tell too many people. If too many people know, and the government doesn't get enough money, they may change tax code to your disadvantage. Let your well be yours alone.

>> No.23201458
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23201458

>>23200141
Lmao bro where have you been the past year? Covid has so many chinese names, wuflu, kung flu, chinese flu, wuhan virus, whatever you want to call it. Boomers even have a high survival rate against it, CDC themselves even admitted it. As long as covid """pandemic"""" is in play Trump is not going to be blamed by the average person. MSM and shills will try to pin it on him, but everyone is pissed off at the lockdowns that tanked a 19 trillion dollar economy for a number of """deaths""" that even experts say could not have been avoided even if governments did everything right. You and I on /biz/ probably know the economy is fake, but the boomers or normies who saw their stock portfolio go up don't think that.

>> No.23201475

>>23195990
> it’s just bad for the rich, whom we all hate
You hate rich people? What kind of spiteful loser are you anyway?

>> No.23201491

>>23195794
They receive taxes while Republicans pay them. Maybe that's the gap.

>> No.23201527

>>23196068
>hmm yes i'm sure they'll suddenly decrease your salary and not pay you your dividends because their taxes went up. real world doesn't work that way
It absolutely works this way. I can tell you have never been part of any managerial bonus/raise discussions.

>> No.23201536

>>23198349
These guys drive an agenda. This really should be common knowledge for anyone that seeks out the truth.

Amazon is another agenda driving monster in it's own sense. You should see the virtue signalling they do.

>> No.23201612

>>23196818
>You guys know there isn't one tax rate right?
There is on our level, pleb. Yours too, once you make it.

>> No.23201627
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23201627

>>23200058
>>23199891
Reminder that leftoids are jealous, insecure, and petty creatures by nature, who desire above all else to excuse their own personal failings by ensuring you can never reach your potential.

>> No.23201672

>>23197087
>It's amazing how people have been indoctrinated into wanting to help out the top 1% of the 1% by saving them taxes, when they have a million loopholes they have at their disposable anyways. All so that they can pay more in taxes and increase the wealth gap
You said it yourself, the ultra rich have their loopholes and won’t be impacted, instead the same thing always happens: tax pressure on normal people increases instead. So your paragraph should read:
> It's amazing how people have been indoctrinated into wanting to punish the top 1% of the 1% by increasing their taxes, when they have a million loopholes they have at their disposable anyways. All so that the normal people can pay more in taxes and increase the wealth gap

>> No.23201695

Why are there 5 pro-Biden threads on /biz/ right now? Do these trannies really think anyone is buying their shit

>> No.23201751

https://taxfoundation.org/joe-biden-tax-plan-2020/

Looks like capital gains tax is 39.6% on income over $1mil

>> No.23201764

>>23199398
Combine it with UBI to cancel out the negative effect on the poor

>> No.23201768
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23201768

>>23201695
It’s truly pathetic

>> No.23201785

>>23195144
Hahaha you’re an idiot if you don’t think Biden is winning

>> No.23201787

>>23201751
that's a fucking lot i would only have to pay 18% and fuck that.
frankly any tax rate above 10% is highway robbery.

>> No.23201835

>>23195157
>>23195144
If this shit makes it's way to the UK I'm going to war

>> No.23201885

>>23201423
>Time to move out.
where?
>megacorp
one day i will tell my megacorp story, but not today. i would suggest you leave, fren.

>> No.23201898

>>23201885
>where?
we are full fuck off!

>> No.23201906

>>23197574
>“Families near the bottom of the income and wealth distributions generally continues to experience substantial gains
Nooooo but muh redneck idiots vote against their own economic interests talking point and source of infinite smugness!!

>> No.23201958

>>23201299
>checked
its either that argument or gib for free, no in between

>> No.23201964

sounds like we’re talking about different places. i wish you well.

>> No.23202136

>>23195047
>capitol gains
>43.4
fuck off you senile old man. capitol gains supposed to be an incentive for retail investors

>> No.23202185

>>23201458
We keep talking about the average person, but people approve of Trump's response basically along party lines and a couple percentage points worse than just his normal approval. I know you think polls are missing shy trump supporters, but according to them the pandemic is a slight negative for him. 95% of people had their mind made up before it happened, and if there were even neutral people to begin with, they lean against him on this. He was making dismissive comments in Feb/March when we didn't know anything, stopped briefings after the bleach thing. His supporters will defend him by saying how it isn't as deadly as initially thought and the lockdowns are more harmful, but I think people will give the lockdowns just as much benefit of the doubt as you think they'll give Trump.

>> No.23202237

>>23201299
And naturally the party spouting this meme would never win an election without their hordes of welfare-dependent voters and one of their biggest priorities is getting rid of the SALT cap which would only benefit the 1% in blue states with voters who want high state taxes while punishing mostly red state voters who vote for lower state taxes.

>> No.23202305

>>23201409
No I’m not larping. And my mortgage is about double what you suggested, and most of the rest of your figures are too low as well. And I didn’t even mention property taxes, insurances and food yet, all substantial bills where you’d again, be able to find more frugal alternatives but I prefer to not skimp on food quality for my family rather than take vacations, so there it is. We already shop all our food at costco for chrissake.

>> No.23202448

>>23201695
theres multiple raid or shill threads on lots of boards rn that shouldn't be there. they are desperate

>> No.23202543

>>23202448
I really wonder what are they trying to accomplish. Do they seriously think they are going to change the opinions of people with lies with less than a month to go? Even if they go hard at it, it looks way to obvious and desperate. What are some internet shilling companies to short?

>> No.23202597

>>23202185
Leftists did the same thing en masse though, saying you were racist if you believe in avoiding asians, and that anyone wearing a mask was trying ti scare people. And that it was not real and people were over exaggerating.

>> No.23202617

>small business tax 39.6%
>52% on payroll and income taxes?
Fucking nigger

>> No.23202645

>>23195195
You realize the electoral college decides an election and when there are twice as many Biden votes compared to Trump votes in a red state, including in person votes, and all of a sudden multiple states have twice the amount of population than they should have, shit is gonna go nuclear?

>> No.23202882

>>23199659
>>23199891
Hey shit stain, you fucking loser, why are you even here? Before you faggots wandered in 100% of us were speculating on how to make as much money as possible and buy our way out of this hellhole. The people who hurt the most from large capital gains taxes is the people trying to climb out of poverty. I absolutely guarantee you /biz/ has more paper money than all those reddit robinhood traders combined. So large capital gains taxes hits them and me. If I were to cash out under that senile faggot biden's tax plan I'd be eating tens of thousands of dollars even today. So what's gonna happen at peak bullrun?

Use that tiny smooth brain and think for a second: those at the top have already feathered their nest, they already have tons of assets and tax evasion schemes to get ahead. They're pulling up the fucking ladder

>> No.23202984

>>23202645
I want to see how many districts end up with over 100% voter turnout for Biden. It happened in several areas for Hillary

>> No.23203012
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23203012

>>23202597
Shh don't remind the libfags throwing an autistic fit over how Trump didn't do enough that they all believed the virus was a nothing burger and would have screeched "REEEEE FEARMONGERER!" if Trump did what they're now saying he should have done.

Lets also keep in mind when the virus was in the early stages the Democrats still had their joke impeachment trial distracting the administration, so if Trump publicly did more about the virus then they would have chimped out over how he's using a nothing burger to distract the country from impeachment.

>> No.23203072
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23203072

>>23202543
it's weird becasue a lot of the threads on boards besides pol are more trollish in nature or just weird schizo tier stuff that tangentially relates to that board. Not even about Biden, Trump, or the election but just antagonistic threads to disrupt the catalog.

>> No.23203114

>>23203012
Bruh
its literal insanity how all this has been swept under the rug. I was in cvg the first 10 breaking threads before it got jewed and became a shell of what it started out as. They went full batshit like they are now but reversed their position from mask bad to mask good.
The news literally ignored the coronavirus until it got too big to contain on social media and they were forced to report on it. The goldfish memory is real with society right now. It's an absurdist reality watching it unfold on 4chan and irl since December and january

>> No.23203230

>>23203114
I was in /cvg/ in the early days too. Good thing because it convinced me to stock up in January and February so I had everything I needed before the normies lost their shit and broke nationwide supply chains with their panic buying (still waiting for Democrats to explain why they think Trump should have made people freak out even more back then whenever they go on their "TRUMP KNEW HOW DEADLY THE VIRUS WAS BUT DIDN'T TELL EVERYONE!" tangents). It was very comfy watching normies freak out on the news while I was holed up in my apartment on /cvg/ with a full stockpile.

>> No.23203341
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23203341

>>23203230
Holy fuck dude, same. If it wasnt for those threads and biz last year I'd be screwed. ramped up preparing in january too, got all the hand sanitizer and tp and canned goods, etc stocked before people panicked in March. Literally every store was backed up with lines. Damn fren those were comfy threads ;_; all weekend spent watching the happenings when it first broke. best start to the year. cheers m8

>> No.23203389

>>23195264
>super rich
>small business owner

>> No.23203726

>hurr only rich people will be affected
400k isn't even hard to imagine, holy shit. especially taking inflation into account.
>hypothetical 8 years (lmao)
>that 120k silicon valley job is now closer to 200k because of brrr (or really any six figure job)
>you make it in crypto as well, 2 million
>collect 10% interest on that every year
>woops any gains after that are 40%, you're not allowed to make generational wealth sorry, that's reserved for us :)

>> No.23203927

>>23195754
Would it be viable for congress to attach a clause stating that major american corporations that move out of country to avoid american taxes no longer have access to american consumers?
t. Brainlet

>> No.23204099
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23204099

>>23195176
>Biden is 100% winning this election bozo

>> No.23204142

In the world of $defi there is a yield farming platform resolving your problems of farmers in very easy and user friendly way @polkalpha and a good replace of @uniswap @pancakeswap has just announced token sale , #tokenomics and concept both are amazing can give Huuggeee!!!!! Polkalpha is an permissionless dex designed for auctions and cross-chain token pools, allowing start-up ventures to raise capital in a Polkadot-based decentralized and interactivity environment.
With Polkalpha, decentralized projects will be able to be built and implemented exchange capital cheaply and quickly, investors will also be able to take part and use assets that goes in a safe and compliant environment.
Pre sale is live and will close on 12th october !!!! Lets get them all!!!
Website is live https://www.polkaalpha.com
Presale price of 1 ETH = 23 POLA
POLKALPHA team decided to send token directly to community via contracts
Automatically POLA will be credited to your wallet
Make sure you use ERC20 wallets like

*Direct link: bounce.finance/join/swap/3563
*Pool name: $POLA
*Pool ID: 3563
*Contract Address: 0x927b999Bd14A520117f841982bd1b46cEabfEe47 Website: Https://polkalpha.com

Telegram group:@polkalphaofficialgroup

Twitter:https://twitter.com/polkalpha

>> No.23204264
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23204264

>>23203726
>400k isn't even hard to imagine

Stop with the delusions already none of you will ever make this much money especially not during the next 4 years. All of you are unironically fucking retards if you think any of this will ever effect you in any way. Stop the LARPs already no one believes you. Besides they'll just elect a republican next and he'll just reverse all the shit the democrat did just like always.