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Last post 5 years ago by delta1. 45 replies replies.
Redistribution of the Wealth coming soon...
DrafterX Offline
#1 Posted:
Joined: 10-18-2005
Posts: 98,508
Rising Democratic star Rep. Alexandria Ocasio-Cortez, D-N.Y., said in a new interview that she could fund her proposed "Green New Deal" in part by slapping a tax as high as 70 percent on top earners.


Ocasio-Cortez, sworn in as Congress’ youngest member on Thursday, is one of a number of Democrats who backs the Green New Deal -- which aims to combat both climate change and income inequality with a massive and costly economic overhaul. Ocasio-Cortez has called it “a wartime-level, just economic mobilization plan to get to 100% renewable energy.”


A draft text circulated around Congress lays out a framework that includes eliminating greenhouse gas emissions from manufacturing and agriculture and “dramatically” expanding energy sources to meet 100 percent of power demand through renewable sources.

In an interview with Anderson Cooper to air Sunday on CBS’s “60 Minutes,” Ocasio-Cortez said the huge government expansion could be paid for in part by taxpayers contributing “their fair share.” She said that, like in the 1960s, tax rates for those with incomes up to $75,000 could be as low as 10 or 15 percent, but much higher for those earning millions.


“But once you get to the tippie tops, on your ten millionth, sometimes you see tax rates as high as 60 percent or 70 percent. That doesn’t mean all $10 million are taxed at an extremely high rate. But it means that as you climb up this ladder, you should be contributing more.”

SOCIALISM RISING: DEMS TAKE HOUSE PUSHING MASSIVE GOVERNMENT EXPANSION, AS PARTY LURCHES LEFT

Those on the left calling for higher taxes have frequently pointed to tax rates in place before President Ronald Reagan took office, to argue they are not unprecedented. But free-market conservatives have argued there were more loopholes in the '60s and '70s, meaning most high earners didn’t actually pay those ultra-high rates.

President Trump in 2017 signed a measure that slashed taxes across the board -- a move that was opposed by most Democrats. Democrats have called for those tax cuts -- particularly the ones for the wealthy -- to be reversed, while Republicans have argued that the cuts have helped fuel economic growth.

While Ocasio-Cortez is seen as being on far left of the Democratic Party, her call for a Green New Deal is increasingly being embraced by more mainstream Democrats, including possible 2020 candidates such as Sens. Cory Booker, D-N.J., and Elizabeth Warren, D-Mass. In the House, the activist Sunrise Movement says that it has more than 40 House members who are backing the Green New Deal, including Reps. Tulsi Gabbard, D-Hawaii, Joe Kennedy, D-Mass., Ted Lieu, D-Calif., and Veronica Escobar, D-Texas.


Film at 11.... Mellow


If I had millions I think I'd just move to Belize...
ZRX1200 Offline
#2 Posted:
Joined: 07-08-2007
Posts: 60,476
She’s special.
RMAN4443 Offline
#3 Posted:
Joined: 09-29-2016
Posts: 7,683
ZRX1200 wrote:
She’s special.

Is that why they call her Ed?????Think
DrafterX Offline
#4 Posted:
Joined: 10-18-2005
Posts: 98,508
I wonder who voted for her... Think
Speyside Offline
#5 Posted:
Joined: 03-16-2015
Posts: 13,106
Her kind of republic is called communist. Obviously she is not heeding histories lessons.
frankj1 Offline
#6 Posted:
Joined: 02-08-2007
Posts: 44,211
meh, she can speak of her vision but it's not a blip on the radar...

however, Emergency Powers is an immediate threat.
DrafterX Offline
#7 Posted:
Joined: 10-18-2005
Posts: 98,508
TW whacks it to her... Or so I heard... Mellow
ZRX1200 Offline
#8 Posted:
Joined: 07-08-2007
Posts: 60,476
Hey Frank, how you liking that centralized federal power of the executive branch these days?

LMMFPWAO
Mr. Jones Offline
#9 Posted:
Joined: 06-12-2005
Posts: 19,359
She can really dance...

I saw her dancing on a roof top....
Pretty good...

I'd like to bend her over her new congressional desk and pull her long black hair in a ponytail while she grinds her tight azz on my hard member while she talks all Spanish like and groaning wildly....

She can look great...when she wants to...
and GRIM...
with no makeup and DRESSED IN sweats...
DrafterX Offline
#10 Posted:
Joined: 10-18-2005
Posts: 98,508
freak... Mellow
DrafterX Offline
#11 Posted:
Joined: 10-18-2005
Posts: 98,508
At the foundation of all of Ocasio-Cortez’s reforms is her commitment to socialism, an economic system that in its most utopian form aims to eliminate nearly all private property and puts the “collective”—which, in a democratic society, is simply the majority of voters—in charge of every aspect of life, including the education of your children, the extent of your rights to practice your religion, and your most important health care decisions.


DSA remains a fringe political organization in most of the country, but it was an integral part of helping its most famous member, Ocasio-Cortez, get elected in New York.

Ocasio-Cortez’s commitment to enacting democratic socialism is evident in many of her policy proposals, especially her plan for a “Green New Deal.” According to a draft resolution produced by Ocasio-Cortez to create a House climate change committee, the Green New Deal would eliminate nearly all fossil fuels in the United States by 2030 and instead force consumers to buy 100 percent of their power from renewable energy sources like wind and solar, which cost as much as five times more than existing fossil-fuel-power generation, and to purchase electric cars.

Even more disturbing, Ocasio-Cortez’s Green New Deal includes “upgrading every residential and industrial building for state-of-the-art energy efficiency, comfort and safety,” a plan that would cost trillions of dollars and give government access to every household in America.

Ocasio-Cortez is a member of the Democratic Socialists of America (DSA), the largest socialist organization in the United States. DSA doesn’t merely want to create new government-run social programs, it desires, in the words of a member of DSA and the editor of the socialist magazine Jacobin, to “in the long run … end capitalism.” On its website, DSA blames, in part, “the globalization of capital” for “racism, sexism, homophobia, and environmental degradation.”

Ocasio-Cortez’s commitment to socialism isn’t limited to energy and environment-related issues, either. She has also called for the passage of “Medicare for All,” legislation proposed by socialist Sen. Bernie Sanders, I-Vt., that would put the government in charge of the entire health care industry—at a cost of $32 trillion, according to estimates from the Mercatus Center. And she has proposed creating multiple other trillion-dollar government programs, like a federal jobs guarantee that would pay anyone who wants a government job “a living wage” and other “basic income programs,” which are designed to pay lower-income and non-working people money, even if they are able-bodied and could work.

Ocasio-Cortez backs creating a radical government-funded program that would make public colleges tuition-free and “cancel” the $1.5 trillion in outstanding student loan debt, and she pledged during her campaign to support strict gun-control measures and plans to make housing “a human right.”

Mellow


Are we really gonna elect whoever promises the most free stuff.. it won't be a happy ending...
RMAN4443 Offline
#12 Posted:
Joined: 09-29-2016
Posts: 7,683
I wish she'd redistribute a little wealth my way.....I never get any free stuff...Anxious
ZRX1200 Offline
#13 Posted:
Joined: 07-08-2007
Posts: 60,476
I’d like to see her tits
frankj1 Offline
#14 Posted:
Joined: 02-08-2007
Posts: 44,211
GOP freak out cuz she can dance.
Too funny.
frankj1 Offline
#15 Posted:
Joined: 02-08-2007
Posts: 44,211
ZRX1200 wrote:
Hey Frank, how you liking that centralized federal power of the executive branch these days?

LMMFPWAO

I don't get the joke?

Did I cause it by posting It Can't Happen Here/Sinclair Lewis 1935 like 50 times over the years?

And followed that by pointing out that it starts by attacking the free press about 50 more times?

And now...what? Is it really here?
frankj1 Offline
#16 Posted:
Joined: 02-08-2007
Posts: 44,211
ZRX1200 wrote:
I’d like to see her tits

she looked great in that college video!
delta1 Offline
#17 Posted:
Joined: 11-23-2011
Posts: 28,754
MAGA!!!

in 1955, during the time when the cons believed America was great, these were the top tax rates...

Federal - 1955 Married Filing Jointly Tax Brackets
Tax Bracket Tax Rate
$180,000.00+ 87%
$200,000.00+ 89%
$300,000.00+ 90%
$400,000.00+ 91%

MAGA!!!
frankj1 Offline
#18 Posted:
Joined: 02-08-2007
Posts: 44,211
delta1 wrote:
MAGA!!!

in 1955, during the time when the cons believed America was great, these were the top tax rates...

Federal - 1955 Married Filing Jointly Tax Brackets
Tax Bracket Tax Rate
$180,000.00+ 87%
$200,000.00+ 89%
$300,000.00+ 90%
$400,000.00+ 91%

MAGA!!!

so she's a Republican?
DrafterX Offline
#19 Posted:
Joined: 10-18-2005
Posts: 98,508
Someone's been listening to Michael Moore again... Shame on you


We are talking here about "marginal" tax rates. Moore doesn't go out of his way to explain this, so we will. The marginal tax rate is the top rate of income tax charged to individuals on their last dollar of earnings. So in 1955, for example, when the top marginal tax rate was 91 percent, that was the tax rate owed on a person's income over $300,000. That person would, however, pay 20 percent on the first $2,000 of income; 21 percent on the next $2,000 in income; 24 percent on the next $2,000 and graduated on up to the highest rate. On average, a person making, say, $500,000 would pay substantially less than 90 percent of their income in federal taxes.

The top marginal tax rates peaked in 1952 and 1953 at 92 percent for income over $300,000.

Bob Williams of the Tax Policy Center did some math for us to give this some perspective.

In 1952 and 1953, Williams said, when the top income tax rate was 92 percent for income over $300,000, a person would have to make waaaay more than $300,000 to actually end up paying an average of 90 percent of their income. According to Williams, someone would have to make $2,328,400, and therefore pay $2,095,560, to get to that 90 percent threshold.




deadeyedick Offline
#20 Posted:
Joined: 03-13-2003
Posts: 16,957
frankj1 wrote:
meh, she can speak of her vision but it's not a blip on the radar...

however, Emergency Powers is an immediate threat.


Dismiss it if you like but this kind of thinking was just elected by the fine voters in NY.
frankj1 Offline
#21 Posted:
Joined: 02-08-2007
Posts: 44,211
deadeyedick wrote:
Dismiss it if you like but this kind of thinking was just elected by the fine voters in NY.

well, certainly it should not be ignored, but I feel there are larger present threats to deal with first
bs_kwaj Offline
#22 Posted:
Joined: 02-13-2006
Posts: 5,214

"Redistribution of the Wealth coming soon..."


Cool! Just in time for my final push of retirement savings!


Wonder how much I'll get.

Think
delta1 Offline
#23 Posted:
Joined: 11-23-2011
Posts: 28,754
DrafterX wrote:
Someone's been listening to Michael Moore again... Shame on you


We are talking here about "marginal" tax rates. Moore doesn't go out of his way to explain this, so we will. The marginal tax rate is the top rate of income tax charged to individuals on their last dollar of earnings. So in 1955, for example, when the top marginal tax rate was 91 percent, that was the tax rate owed on a person's income over $300,000. That person would, however, pay 20 percent on the first $2,000 of income; 21 percent on the next $2,000 in income; 24 percent on the next $2,000 and graduated on up to the highest rate. On average, a person making, say, $500,000 would pay substantially less than 90 percent of their income in federal taxes.

The top marginal tax rates peaked in 1952 and 1953 at 92 percent for income over $300,000.

Bob Williams of the Tax Policy Center did some math for us to give this some perspective.

In 1952 and 1953, Williams said, when the top income tax rate was 92 percent for income over $300,000, a person would have to make waaaay more than $300,000 to actually end up paying an average of 90 percent of their income. According to Williams, someone would have to make $2,328,400, and therefore pay $2,095,560, to get to that 90 percent threshold.







of course I know what marginal rates mean...as your income increases over a threshold amount you pay the higher tax only on the amount that exceeds the threshold...it was used to provide incentives for the super wealthy to "invest" their "excess" income into their business or other "capital" ...what's wrong with that?

$300,000 in 1955 is roughly equivalent to $2,300,000 today...about 1% of our population makes that...

if you want to make something great again, you can't just take what you like about the past greatness and ignore the blemishes...each time period is a unique composite of all existing conditions and trying to re-capture it is a pipe dream...it is also a veiled threat because of all the legalized discrimination that existed in the past...

speaking of income redistribution, that is what would happen if social security and/or medicare is privatized...something cons talk about all the time...

libs like Robin Hood...cons like Hood Robbing...

DrafterX Offline
#24 Posted:
Joined: 10-18-2005
Posts: 98,508
Ya, that's why the tax cuts and stuff.. Mellow
frankj1 Offline
#25 Posted:
Joined: 02-08-2007
Posts: 44,211
but only my cut will expire.
DrafterX Offline
#26 Posted:
Joined: 10-18-2005
Posts: 98,508
tis better to have tax cut and lost than never to have tax cut at all... Mellow
frankj1 Offline
#27 Posted:
Joined: 02-08-2007
Posts: 44,211
yeah, but your's goes forevah!
borndead1 Offline
#28 Posted:
Joined: 11-07-2006
Posts: 5,215
DrafterX wrote:



“But once you get to the tippie tops, on your ten millionth, sometimes you see tax rates as high as 60 percent or 70 percent. That doesn’t mean all $10 million are taxed at an extremely high rate. But it means that as you climb up this ladder, you should be contributing more.”



lol @ 'contributing'
deadeyedick Offline
#29 Posted:
Joined: 03-13-2003
Posts: 16,957
borndead1 wrote:
lol @ 'contributing'


Sometimes called your "fair share".
dstieger Offline
#30 Posted:
Joined: 06-22-2007
Posts: 10,889
I haven't read any of her proposals, but from some interview I saw, I got the impression that her progressive income tax ideas were to be applied in some marginal fashion
tailgater Offline
#31 Posted:
Joined: 06-01-2000
Posts: 26,185
tippie tops.

deadeyedick Offline
#32 Posted:
Joined: 03-13-2003
Posts: 16,957
There are not nearly enough tippy tops in the world to pay for what she wants.
dstieger Offline
#33 Posted:
Joined: 06-22-2007
Posts: 10,889
deadeyedick wrote:
Dismiss it if you like but this kind of thinking was just elected by the fine voters in NY.


Yep. And can't turn on the news without hearing about her...even if its Fox News. Even that conservative bastion called cbid....in fact it was that liberal, Drafter, that prompted us to talk about her.

She says some stupid chit, but conservatives dismiss her at their peril.
frankj1 Offline
#34 Posted:
Joined: 02-08-2007
Posts: 44,211
tailgater wrote:
tippie tops.


I do like seeing that in the politics forum...it's cute.
DrafterX Offline
#35 Posted:
Joined: 10-18-2005
Posts: 98,508
Mellow
frankj1 Offline
#36 Posted:
Joined: 02-08-2007
Posts: 44,211
you have nothing to worry about
delta1 Offline
#37 Posted:
Joined: 11-23-2011
Posts: 28,754
you mean Drafter is NOT a tippy top?
dstieger Offline
#38 Posted:
Joined: 06-22-2007
Posts: 10,889
guess that makes him a bottom ?
Speyside Offline
#39 Posted:
Joined: 03-16-2015
Posts: 13,106
A fat bottom.
frankj1 Offline
#40 Posted:
Joined: 02-08-2007
Posts: 44,211
well this went horribly wrong in a hurry
SmokeMonkey Offline
#41 Posted:
Joined: 04-05-2015
Posts: 5,688
Where’s TW when you need him....
DrafterX Offline
#42 Posted:
Joined: 10-18-2005
Posts: 98,508
Prolly banned... Mellow
ZRX1200 Offline
#43 Posted:
Joined: 07-08-2007
Posts: 60,476
Ast time I talked to him he was working on a cure for bluewaffles, and a ICD10 code
frankj1 Offline
#44 Posted:
Joined: 02-08-2007
Posts: 44,211
odd as it sounds, it is absolutely true.
delta1 Offline
#45 Posted:
Joined: 11-23-2011
Posts: 28,754
phew, glad I won't have to ask potential sex partners if I can see their puzzies anymore...
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