Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:She supports a tax on unrealized capital gains.
Americans Overwhelmingly Reject Harris-Biden Unrealized Capital Gains Wealth Tax |
The 2025 Biden budget proposes to tax long-term capital gains and qualified dividends at ordinary income tax rates for taxable income above $1 million and tax unrealized capital gains at death above a $5 million exemption ($10 million for joint filers). If this tax proposal went through, investors would flee the stock market and potentially create a stock market crash effecting even pensions of middle class Americans.
Whoa— not good for most investors. This is why the Democratic Party has been dubbed “tax and spend” . No thank you!
Exactly what percent of the American public do you believe has an over 1 million dollar income or estates over 10M for married couples?
It doesn't matter. Even if ONE person is impacted it is a very bad idea.
Once the government starts taxing people on money they have not received we are going down a dark road. It may be only a few people now, but what will stop these progressive leaders from lowering the bar. When they need more money to fund their progressive projects, it will be lowered to those making $400,000.
It is a ludicrous idea and one that sane people should reject.
So you think the current tax structure with all off the changes from the 1980s works better from the average person than it used to?
What a red herring.
We are talking about the insane ideal of taxing unrealized gains. This has nothing to do with other changes to tax codes.
Why should any of us care about people who make 1 mil or have 10 mil in assets? We should be trying to reduce income inequality and pay for our government rather than crying about the wealthy. Can you explain why anyone (who has a normal income) should care about this?
I have over $10M and I care. I created a successful IT business with my own and borrowed funds that now employs over 163 people. My skilled employees enjoy excellent salaries, healthcare benefits that my company pays over half the premiums for, 401K matching so they can eventually retire with a good next egg, business class travel, and other benefits. My company provides a service that is in demand. I took the risk....I should reap the reward.
We sound similar. Except we employ more people, and have net worth quite a bit north of $10M. We came here as poor immigrants, and have worked our tail off and utilized the resources offered by the country to get to where we are. Happy to pay back, once we get to $100M. We can't use up $100M in our lifetime.
I, too, would love to wait to pay taxes until I reach 100m net worth. Who wouldn’t? Unfortunately this is called greed. You can delude yourself however you want but the rest of us don’t have to indulge you.
Congratulations on your success, no doubt facilitated by a government and a middle class that supports you. Now you get to pay back! Not on your personal timetable.
I think you misunderstood. We're obviously fine with the tax structure, and have been paying in. We're fine with the ADDITIONAL taxes once we get to $100M. I think the Republicans have done a great job of selling the idea to the masses that the tax structure that places more tax burden on the extraordinarily wealthy is somehow unfair, because it could be them some day.
100 percent this.
Success should be rewarded, absolutely. We live in a capitalist country. But our government invests in things like infrastructure so telecommunications and transportation can happen. Businesses benefit disproportionately from those investments. Government educates the workforce so employers can hire people with a baseline of skills and knowledge. Government funds a state department so businesses can conduct commerce in other countries. Government develops standards so the physical plug for your EV will work in every car, for example. Businesses should be paying their fair share for the opportunities that government standardizes and wealthy individuals should be paying their fair share for the opportunities the USA has afforded them to become successful. That isn't authoritarian.
The problem with posts like this is that they treat businesses like people. Businesses don't pay taxes. Their employees and customers do.
The businesses should be paying taxes. That is the point.
No you missed the point. If you raise corporate taxes, business will just pass those increased taxes through to the price of their products and services and decrease employee benefits and pay. If you raise corporate taxes enough where they are no longer competitive in a global market, they will pick up and move somewhere else taking their jobs with them.
Anonymous wrote:Please read the twitter thread posted at 10:03 this morning
It explains perfectly why Harris has not had a press availability to date.
Anonymous wrote:Anonymous wrote:Anonymous wrote:
You know what? I am a RINO. I'm a Reagan Republican and I'm sick of what has happened to the GOP. So, I'm voting Harris/Walz because I want the GOP to come back to sanity and to get rid of the "basket of deplorables" and return to the reasonable Republicans. MAGA has consumed the party and forced the real Republicans out. The only way to get the MAGA out of control is for them to lose elections and to show that they no longer have the ability to win elections. We need real Republicans to defeat MAGA in primaries. We need to elect real Republicans and not elect MAGA. The only way for the MAGA republicans to lose control is if they lose elections and no longer have the ability to win general elections.
So, I will vote for real Republicans in primaries and general elections, but I will always show up to vote against a MAGA candidate. Country (and state/county/local) before Party. Party before Candidate. I vote to save the Republican Party from MAGA.
I always find this a bit ironic since Reagan was the one who originally coined the slogan “Make America Great Again,” and the dystopian novelist Octavia Butler knew it had staying power because the president of the dystopian America in her novel The Parable of the Sower re-used it as well. A highly recommended read.
So, to some of us, Trump is an expected and natural outgrowth of Reagan’s Republican Party, to the point where at least one person predicted the rise of a Reagan/Trump hybrid thirty years ago!
Maybe on advertising and slogans, but not in reality.
Reagan would never have created an umbrella for the extreme fringe groups of society and included them and given nods to their dysfunctional causes. Reagan would never have associated with the Q-anon sect who believe that the Clintons were the head of a Satanic ring of pedophiles, or committed and supported election fraud, or pandered to Christian fundamentalists who want to put women into indentured servitude as baby incubators, or pander to right-wing militant militia groups that want to bring down the federal government.
I will give you that Reagan was somewhat antisemitic and did effectively say there were good people on both sides of the issue (his visits to German cemetaries vs concentration camps and his comment about victims on both sides was quite similar to Trump's good people on both sides in Charlottesville). And he was a product of his generation and times on race issues.
But Despite being 40 earlier than Trump, he was far more enlightened than Trump. Trump is trying to set us back more than 60-70 years beyond even the standards of the Reagan era.
Anonymous wrote:Anonymous wrote:
You know what? I am a RINO. I'm a Reagan Republican and I'm sick of what has happened to the GOP. So, I'm voting Harris/Walz because I want the GOP to come back to sanity and to get rid of the "basket of deplorables" and return to the reasonable Republicans. MAGA has consumed the party and forced the real Republicans out. The only way to get the MAGA out of control is for them to lose elections and to show that they no longer have the ability to win elections. We need real Republicans to defeat MAGA in primaries. We need to elect real Republicans and not elect MAGA. The only way for the MAGA republicans to lose control is if they lose elections and no longer have the ability to win general elections.
So, I will vote for real Republicans in primaries and general elections, but I will always show up to vote against a MAGA candidate. Country (and state/county/local) before Party. Party before Candidate. I vote to save the Republican Party from MAGA.
I always find this a bit ironic since Reagan was the one who originally coined the slogan “Make America Great Again,” and the dystopian novelist Octavia Butler knew it had staying power because the president of the dystopian America in her novel The Parable of the Sower re-used it as well. A highly recommended read.
So, to some of us, Trump is an expected and natural outgrowth of Reagan’s Republican Party, to the point where at least one person predicted the rise of a Reagan/Trump hybrid thirty years ago!
Anonymous wrote:Anonymous wrote:
You know what? I am a RINO. I'm a Reagan Republican and I'm sick of what has happened to the GOP. So, I'm voting Harris/Walz because I want the GOP to come back to sanity and to get rid of the "basket of deplorables" and return to the reasonable Republicans. MAGA has consumed the party and forced the real Republicans out. The only way to get the MAGA out of control is for them to lose elections and to show that they no longer have the ability to win elections. We need real Republicans to defeat MAGA in primaries. We need to elect real Republicans and not elect MAGA. The only way for the MAGA republicans to lose control is if they lose elections and no longer have the ability to win general elections.
So, I will vote for real Republicans in primaries and general elections, but I will always show up to vote against a MAGA candidate. Country (and state/county/local) before Party. Party before Candidate. I vote to save the Republican Party from MAGA.
I always find this a bit ironic since Reagan was the one who originally coined the slogan “Make America Great Again,” and the dystopian novelist Octavia Butler knew it had staying power because the president of the dystopian America in her novel The Parable of the Sower re-used it as well. A highly recommended read.
So, to some of us, Trump is an expected and natural outgrowth of Reagan’s Republican Party, to the point where at least one person predicted the rise of a Reagan/Trump hybrid thirty years ago!
Anonymous wrote:Anonymous wrote:
You know what? I am a RINO. I'm a Reagan Republican and I'm sick of what has happened to the GOP. So, I'm voting Harris/Walz because I want the GOP to come back to sanity and to get rid of the "basket of deplorables" and return to the reasonable Republicans. MAGA has consumed the party and forced the real Republicans out. The only way to get the MAGA out of control is for them to lose elections and to show that they no longer have the ability to win elections. We need real Republicans to defeat MAGA in primaries. We need to elect real Republicans and not elect MAGA. The only way for the MAGA republicans to lose control is if they lose elections and no longer have the ability to win general elections.
So, I will vote for real Republicans in primaries and general elections, but I will always show up to vote against a MAGA candidate. Country (and state/county/local) before Party. Party before Candidate. I vote to save the Republican Party from MAGA.
I always find this a bit ironic since Reagan was the one who originally coined the slogan “Make America Great Again,” and the dystopian novelist Octavia Butler knew it had staying power because the president of the dystopian America in her novel The Parable of the Sower re-used it as well. A highly recommended read.
So, to some of us, Trump is an expected and natural outgrowth of Reagan’s Republican Party, to the point where at least one person predicted the rise of a Reagan/Trump hybrid thirty years ago!
Anonymous wrote:
You know what? I am a RINO. I'm a Reagan Republican and I'm sick of what has happened to the GOP. So, I'm voting Harris/Walz because I want the GOP to come back to sanity and to get rid of the "basket of deplorables" and return to the reasonable Republicans. MAGA has consumed the party and forced the real Republicans out. The only way to get the MAGA out of control is for them to lose elections and to show that they no longer have the ability to win elections. We need real Republicans to defeat MAGA in primaries. We need to elect real Republicans and not elect MAGA. The only way for the MAGA republicans to lose control is if they lose elections and no longer have the ability to win general elections.
So, I will vote for real Republicans in primaries and general elections, but I will always show up to vote against a MAGA candidate. Country (and state/county/local) before Party. Party before Candidate. I vote to save the Republican Party from MAGA.