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Thread: Taxing wealth

  1. #27
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    Quote Originally Posted by garyed View Post
    I don't think there is anyone no matter how much I disliked their policies that I wouldn't vote for rather than Trump. If you thought that your only choice was between a self proclaimed Democratic Socialist & a Dictator then who would you choose?
    So you are willing to vote for someone with policies you strongly disagree with ...all by telling yourself Trump is a dictator...Wow.
    It's is very easy to see that you don't like Trump and vote from your emotions Gary




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  3. #28
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    Here's a simple example of how a wealth tax would work. Imagine you have a chunk of money in the savings account for your retirement that is only earning 1% interest. Then Congress says your wealth tax is 2%, that essentially means you now have a negative interest rate on your savings.
    I do a triple evac with nitro to remove non condensables.

  4. #29
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    Quote Originally Posted by Missouri Guy View Post
    I explained to you why they have so much cash on hand... they are required to have funds available to cover every policy.
    I then explained to you that them loaning money for interest to banks actually keeps your rates down...as it is profit..I told you before that insurance is profit capped...that means if they are making money other than from premiums.. it keeps premiums down.
    So what you have is someone that worked for an insurance company that is so disgusted with the job that they are ashamed .... Lol.
    I guess we can add insurance man into the top ten of most disgusting embarrassing jobs....lol

    "Explain" all you want. I get my information from those with experience.

    As for actual experience, I have tons now on how major insurance companies send lawyers and witnesses into the courtroom to perjure themselves to win cases for the insurance company. Yes, I just went through it over the last three weeks and got raped. So your internet knowledge does not compare to mine. They are as rotten as they come. You should try it sometime and then comment on them.

  5. #30
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    Quote Originally Posted by BBeerme View Post
    Here's a simple example of how a wealth tax would work. Imagine you have a chunk of money in the savings account for your retirement that is only earning 1% interest. Then Congress says your wealth tax is 2%, that essentially means you now have a negative interest rate on your savings.
    negative interest rates are already in place in many countries, if you want or not. IMF ripping everybody off. Capitalism is scheduled to fail..... just bit later than communism did. It is not based on sound mathematical model and so will fail. You should google about meudalism, what it actually is.

  6. #31
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    Quote Originally Posted by garyed View Post
    I have to agree with you guys that I don't like most of the tax ideas from the link Brian posted. They do seem like a rather drastic way to bring in more money to the government. I'm all for making the wealthy pay more by eliminating a lot of the loop holes in the tax code but not by unfairly taxing what is not income or real property. I'm not really a fan of any of the Dem. candidates except Bernie & I'm even starting to have my doubts about him, but I just can't strand Trump. If the Reps. had the guts to get rid of him, I could possibly see myself voting Republican the next election. But that won't happen because his followers think of him as the country's savior & it wouldn't be politically safe to oppose him. I think of Trump as the most dangerous threat to our freedom & democracy since our country was founded. All his economic fiascoes don't concern me as much as his quest for dictatorship & his followers who would help him achieve his goal.
    Gary, I understand your sentiment, I had the same one about Obama. I felt like after Trump won that it was going to take an eviction notice from Seal Team 6 to get BHO out of the White House. It didn't happen but I am sure that I was not the only one with those feelings. Is it possible that you picked up on those feelings from others and have transferred them to Trump?

    As for taxes, we are over taxed the way it is. We already have taxes on money we have already been taxed on, like property tax, car tax, inheritance tax, capital gains tax, sales tax, need I go on.

    The problem is we have not had a good tax revolt in this country since when, Boston Tea Party. Maybe 250 years give or take, is too long. Our politicians have isolated themselves from us through legislation, they have no fear of us, they don't even have any idea of how we live, nor do they care. There were a few that became afraid when that REP got shot at softball practice some years ago, but that soon subsided. I don't condone that type of action, even though it was effective. Too really get their attention we need a grass roots effort that crosses party lines. Anyone seeing that happening soon? Me neither. So they will keep on keepin' on and we will keep walking around with our pants around our ankles waiting for the next command to bend over.

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  8. #32
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    Quote Originally Posted by BBeerme View Post
    Here's a simple example of how a wealth tax would work. Imagine you have a chunk of money in the savings account for your retirement that is only earning 1% interest. Then Congress says your wealth tax is 2%, that essentially means you now have a negative interest rate on your savings.
    Maybe they wouldn't have need of this if we didn't have a negative tax rate. You know, the ones where the guy pays in $2000 in payroll tax but gets a $4000 refund on his tax return.

  9. #33
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    Quote Originally Posted by BBeerme View Post
    Looks like that link that Brian posted covers it pretty well.

    Bottom line, the progressive left knows they do not have the funds to pay for all of the freebies they want to run on, so they're looking for sources of revenue. And to a congress critter, sources of revenue means how to create new taxes.

    Imagine that you own your home free and clear. That is wealth. So they create a tax that you pay on your wealth. Crazy.
    They are always scheming and hiding who they are are. They never stop. It's always a game to strip individuals of the wealth and liberties.

    Gary, do you understand what taxing unrealized gains means? And the effect that will have? Do you have any idea what the death tax presently does to individuals and families and what raising those taxes would do? How anyone in their right mind can support these things..... I have no words. And these are the people running the Democrat party.

    Why people support liberals is beyond me. The left are masters of amassing power and control by exploiting human weakness. It's a sickness. On both sides.



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  10. #34
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    Quote Originally Posted by Brian GC View Post
    When I see him in a few days, I'll tell him that MG says that he doesn't know what he's talking about.

    Cracks me up how people know more than those who have spent an entire career in an industry.

    He says they are as disgusting and corrupt as it gets...and he was embarrassed to even admit to folks what he did for a living.
    It's becuase they are insulated from any competition. They can do what they want. Until you fix that problem, it will not get better. And single payer doesn't make healthcare delivery better or cheaper in the least. At best it cuts costs through rationing. New villains will be creased to replace the old ones. But shallow thinkers can't forsee these truths.

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    “Free men do not ask permission to bear arms.”
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    “What one generation tolerates, the next generation will embrace.”
    ― Definitely said by John Wesley

  11. #35
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    Quote Originally Posted by gustavhorna View Post
    negative interest rates are already in place in many countries, if you want or not. IMF ripping everybody off. Capitalism is scheduled to fail..... just bit later than communism did. It is not based on sound mathematical model and so will fail. You should google about meudalism, what it actually is.
    Geez gussie that sounds like a Marxist talking and while communism has failed economically it still is practiced in N Korea and to some extent in Cuba and Red China. Your socialist model has failed throughout the history of mankind but you still preach it. Amazing. Thank you, thank you very much
    "I could have ended the war in a month. I could have made North Vietnam look like a mud puddle."

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    Sen. Barry Goldwater

  12. #36
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    Capitalism fails when governments manipulate it! The only role of government in economics should be that of umpire, making sure nobody is lying and/or cheating.
    "No matter how thirsty your imagination, mirages contain no water"

  13. #37
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    Quote Originally Posted by Hugh B View Post
    Capitalism fails when governments manipulate it! The only role of government in economics should be that of umpire, making sure nobody is lying and/or cheating.
    Exactly. Capitalism fails when it ceases to be capitalism. And that us free and open market with limited government oversight.

    This is what happened in healthcare. And what GC fails to understand.

  14. #38
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    Quote Originally Posted by gustavhorna View Post
    negative interest rates are already in place in many countries, if you want or not. IMF ripping everybody off. Capitalism is scheduled to fail..... just bit later than communism did. It is not based on sound mathematical model and so will fail. You should google about meudalism, what it actually is.
    Are you talking about feudalism? Modern feudalism? Lol. It fiigures you'd be one of those guys.


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    ― Definitely said by John Wesley

  15. #39
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    Capitalism you dream of doesn't exist. You live in meudalism and brain washing since primary school lets you believe that everything is just fine. It is a perfect system, when slaves believe to be free LOL.

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