POG Politics Thread - Page 655 - Puzzles and Other Games Forum

In your opinion do you think these policies are best represented by aoc and the green new deal and things like 70% taxation on the wealthy?
If you want to take issue with calling these radical then ok. By most definitions though of that word, those would represent radical changes.

03-07-2019 , 12:19 PM

#16352

eyebooger

Join Date: May 2010 Posts: 58,708

I'm also about Medicare for All, restrictions on guns, net neutrality, campaign finance reform, increased regulations on the finance industry, increases to the minimum wage and other ideas that have well north of 50% support.

I don't consider any of these "radical" at all.

03-07-2019 , 12:22 PM

#16353

eyebooger

Join Date: May 2010 Posts: 58,708

Also no one is proposing a 70% rate on the wealthy.

03-07-2019 , 12:25 PM

#16354

Luckbox Inc

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All pretty standard Democratic stuff there.

Apparently it was aoc who used the 70% number. EW has a different proposal of a wealth tax.

03-07-2019 , 12:28 PM

#16355

eyebooger

Join Date: May 2010 Posts: 58,708

Quote:

Originally Posted by Luckbox Inc

Apparently it was aoc who used the 70% number.

That would be a marginal tax rate on income over $10 million.

That's not the same as "70% taxation".

03-07-2019 , 12:30 PM

#16356

Luckbox Inc

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Quote:

Originally Posted by eyebooger

That would be a marginal tax rate on income over $10 million.

That's not the same as "70% taxation".

Looks pretty close to what I said "70% taxation on the wealthy".

03-07-2019 , 12:33 PM

#16357

eyebooger

Join Date: May 2010 Posts: 58,708

No, it's not even close to the same thing. The brain dead rubes who watch Fox News may not understand what a marginal tax rate is, but I do.

03-07-2019 , 12:35 PM

#16358

Luckbox Inc

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What do the brain dead rubes who watch msnbc understand about taxation?

Like I'm pretty sure fox news watchers pay more in taxes not less, fwiw. So it is actually reasonable to assume that they understand the tax code a bit better actually than watchers of the other cable networks. Fwiw.

https://qph.fs.quoracdn.net/main-qim...78df1dbb4e8c83

OK I guess not. 61k average for Fox vs 66k for msnbc. So I was wrong. (That is from 2006 too).

Last edited by Luckbox Inc; 03-07-2019 at 12:41 PM.

03-07-2019 , 12:41 PM

#16359

iamnotawerewolf

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LB, lookup "marginal tax rate" please

then explain why the ptb would be in favor of it

03-07-2019 , 12:43 PM

#16360

Luckbox Inc

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Quote:

Originally Posted by iamnotawerewolf

LB, lookup "marginal tax rate" please

I understand how it works, ianaww.

03-07-2019 , 12:53 PM

#16361

Luckbox Inc

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Quote:

Originally Posted by iamnotawerewolf

then explain why the ptb would be in favor of it

Isn't it frequently touted by proponents of higher taxes that these high marginal rates existed in the past? I don't think the argument was that the tax code was in any less in the control of the rich then as opposed to now. The rich have a way of sheltering their money.

03-07-2019 , 12:56 PM

#16362

eyebooger

Join Date: May 2010 Posts: 58,708

Quote:

Originally Posted by Luckbox Inc

I understand how it works, ianaww.

So why are you misrepresenting what AOC's plan was?

03-07-2019 , 01:00 PM

#16363

Luckbox Inc

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Quote:

Originally Posted by eyebooger

So why are you misrepresenting what AOC's plan was?

I didn't even know it was aoc's plan. I thought it was EW at first.

I am not misrepresenting. I said 70% taxation when I should have said "70% marginal tax on over 10 million". Which is a lot more words. It isn't my intention to misrepresent. You asked for examples of things that were radical and I was throwing things out on the fly. I am not well versed in whatever their plans are obviously but I do understand how marginal tax rates work.

03-07-2019 , 01:54 PM

#16364

eyebooger

Join Date: May 2010 Posts: 58,708

Quote:

Originally Posted by Luckbox Inc

I am not misrepresenting. I said 70% taxation when I should have said "70% marginal tax on over 10 million". Which is a lot more words. It isn't my intention to misrepresent.

Horse****. Let's go back:

Quote:

Originally Posted by Luckbox Inc

things like 70% taxation on the wealthy

Quote:

Originally Posted by eyebooger

Also no one is proposing a 70% rate on the wealthy.

Quote:

Originally Posted by Luckbox Inc

Apparently it was aoc who used the 70% number. EW has a different proposal of a wealth tax.

Quote:

Originally Posted by eyebooger

That would be a marginal tax rate on income over $10 million.

That's not the same as "70% taxation".

Quote:

Originally Posted by Luckbox Inc

Looks pretty close to what I said "70% taxation on the wealthy".

Quote:

Originally Posted by Luckbox Inc

I didn't even know it was aoc's plan. I thought it was EW at first.

Either you:
A) Still don't know what a marginal tax rate is.
B) Just learned what a marginal tax rate is.
C) Actually thought that Warren was proposing a 70% wealth tax.
D) Were intentionally misrepresenting the facts.

03-07-2019 , 02:04 PM

#16365

Luckbox Inc

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How about answer e).

This is hardly germane to any of our discussion. If I've conflated "taxation" with "marginal taxation" then great. You've got me. You are correct. When stated this way it comes off as less radical.

03-07-2019 , 02:06 PM

#16366

Luckbox Inc

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Actually we haven't even really had a discussion.

You've just found one area where I was less than precise and gone after it hardcore.

03-07-2019 , 02:06 PM

#16367

iamnotawerewolf

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Quote:

Originally Posted by Luckbox Inc

Following World War II tax increases, top marginal individual tax rates stayed near or above 90%, and the effective tax rate at 70% for the highest incomes (few paid the top rate), until 1964 when the top marginal tax rate was lowered to 70%. ... The top marginal tax rate was lowered to 50% in 1982 and eventually to 28% in 1988. It slowly increased to 39.6% in 2000, then was reduced to 35% for the period 2003 through 2012.

do you think "globalist" power has waxed or waned since 1982?

03-07-2019 , 02:27 PM

#16368

iamnotawerewolf

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how about since 1964?

03-07-2019 , 02:29 PM

#16369

Luckbox Inc

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Quote:

Originally Posted by iamnotawerewolf

I don't think that looking at the top tax bracket is an effective way of measuring control by the rich.

03-07-2019 , 03:37 PM

#16370

iamnotawerewolf

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no, but plot some lines and maybe a correlation may be inferred

03-07-2019 , 04:19 PM

#16371

Luckbox Inc

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There was no income tax prior to 1913 (or 17 doesnt matter). And did this come about through a spat of populism demanding that the government take the people's money? No of course not. It was created by the rich to fund their government (and their banks).

03-07-2019 , 04:29 PM

#16372

iamnotawerewolf

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In order to help pay for its war effort in the American Civil War, Congress imposed its first personal income tax in 1861.[56] It was part of the Revenue Act of 1861 (3% of all incomes over US $800).[57] This tax was repealed and replaced by another income tax in 1862.[58]

03-07-2019 , 04:29 PM

#16373

iamnotawerewolf

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In 1894, Democrats in Congress passed the Wilson-Gorman tariff, which imposed the first peacetime income tax. The rate was 2% on income over $4000, which meant fewer than 10% of households would pay any.

03-07-2019 , 04:30 PM

#16374

iamnotawerewolf

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LB, I'm sorry, but you are apparently completely making things up atp

03-07-2019 , 04:37 PM

#16375

Luckbox Inc

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I'm still seeing 1913
https://en.m.wikipedia.org/wiki/Revenue_Act_of_1913

It was apparently re-imposed that year so you are right they did have it prior to that. My point is still the same but you an eyebooger are doing a great job at keeping me close to the facts.

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