The Social Justice Warriors:

drbrumley

Well-known member
It's Not Just About Economics
02/18/2019
Dominick Armentano

If you think that the “tax the rich” rhetoric from the left-wing of the Democratic Party is primarily about economics you would be sadly mistaken. After all, there isn’t enough tax revenue in the highest income bracket, even with a 90% marginal rate, to fund anyone’s pet social program for more than 48 hours. Do progressives know this? Of course they do.

The same observation holds true for the so-called ”Green New Deal” legislation recently proposed by Alexandria Ocasio-Cortez, the outrageous media darling from Queens. It’s true that this grab bag of environmental regulation, if enacted, would likely cost trillions and produce a systemic change in the American life-style. But you miss the deeper message if you think that the actual purpose of this legislative monstrosity is to save the planet before it expires in 12 years.

No, the current wave of extreme progressivism has a far more nefarious goal than simply higher taxes on the super-rich or carbon taxes to scrub down the environment. Indeed, the long-run objective of the new socialists and the gang of social justice warriors (SJW) is to gradually delegitimize the very foundations of modern capitalism by obliterating conventional notions of property rights, fairness and justice. If this sounds far-fetched you have not really been paying attention.
 

ok doser

lifeguard at the cement pond
It's Not Just About Economics
02/18/2019
Dominick Armentano

If you think that the “tax the rich” rhetoric from the left-wing of the Democratic Party is primarily about economics you would be sadly mistaken. After all, there isn’t enough tax revenue in the highest income bracket, even with a 90% marginal rate, to fund anyone’s pet social program for more than 48 hours. Do progressives know this? Of course they do.


i'm not sure idiots like AOC do
 

The Berean

Well-known member
I have changed my opinion of her, she is no idiot....she knows EXACTLY what she is doing. Which makes her EXTREMELY dangerous.

Why do you believe this? Let's not make her more than she really is; a whiny self-absorbed millennial woman who talks too much. She is no mastermind by any means.
 

ok doser

lifeguard at the cement pond
Why do you believe this? Let's not make her more than she really is; a whiny self-absorbed millennial woman who talks too much. She is no mastermind by any means.

certainly not if the fiasco with the green dream FAQ sheets is any indication
 

jgarden

BANNED
Banned
While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.
- Warren Buffett , "Stop Coddling the Super-Rich," www.nytimes.com. August 14. 2011

The woman that comes in, takes the wastebasket away, she's paying 15.3 or whatever it is on payroll tax alone. I mean it is - I never had it so good.
- Warren Buffett, "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008

If you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or - whomever around their office.
- Warren Buffett,"Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". Interview With Charlie Rose, www.cnbc.com. October 1, 2008

I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life.
- Warren Buffett "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". Interview With Charlie Rose, www.cnbc.com. October 1, 2008

https://www.azquotes.com/author/2136-Warren_Buffett/tag/taxes
 

jgarden

BANNED
Banned
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The average wealth of the "truly rich" households (top 0.01%) increased by approximately 1200% between 1979 and 2014, which resulted in a combined wealth equal to that of the bottom 90% of US house households - so why did they deserve yet another $1+ trillion in tax cuts in 2018, financed with borrowed money?

Whatever happened to the promise to clear the "SWAMP?"
 
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ok doser

lifeguard at the cement pond
[MENTION=7147]jgarden[/MENTION] - imagine that i'm an 18 year old kid working part time at McDonalds, making $15,000 a year

what is a "fair" tax burden for me?


now imagine that i decide to do better, go to college, med school, residency/internship, do post-doc work, sacrifice most of my twenties to improving my lot



now imagine that i'm an anesthesiologist making $400,000 a year

what is a "fair" tax burden for me?



now imagine that i'm an anesthesiologist nearing the midpoint of my career, i've been wise and lucky with my investments, i have a portfolio that pays significant dividends - my total income including salary and investments is $2,000,000 a year

what is a "fair" tax burden for me?


now imagine that i'm that same anesthesiologist at retirement - i have a net worth of $50,000,000 that grows annually - my dividends are greater than my spending - at death my estate is worth $85,000,000. My will directs that it should go to my grandson in trust.

what should the tax burden be on my estate?
 

fool

Well-known member
Hall of Fame
[MENTION=7147]jgarden[/MENTION] - imagine that i'm an 18 year old kid working part time at McDonalds, making $15,000 a year

what is a "fair" tax burden for me?


now imagine that i decide to do better, go to college, med school, residency/internship, do post-doc work, sacrifice most of my twenties to improving my lot



now imagine that i'm an anesthesiologist making $400,000 a year

what is a "fair" tax burden for me?



now imagine that i'm an anesthesiologist nearing the midpoint of my career, i've been wise and lucky with my investments, i have a portfolio that pays significant dividends - my total income including salary and investments is $2,000,000 a year

what is a "fair" tax burden for me?


now imagine that i'm that same anesthesiologist at retirement - i have a net worth of $50,000,000 that grows annually - my dividends are greater than my spending - at death my estate is worth $85,000,000. My will directs that it should go to my grandson in trust.

what should the tax burden be on my estate?

They want it all.
 
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