DUmmies Discuss Tax Policy

[GOBUCKS]

The premise of this goofball thread is that DUmmy Husb2Sparkly is president. If that were the case, you would expect him to have some really stupid ideas. He does.  This one is to impose confiscatory taxes on anyone trying to be productive:

Stinky The Clown  (1000+ posts)        Wed Dec-09-09 10:17 PM
Original message
If I were president, one of the first things I would do is work to raise taxes. A lot.
Like 90% on top incomes and work down proportionally from there, but with zero taxes for people earning twice the poverty rate (or some other multiple).

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x7192930


The useless, homeless DUmmy grasswire, holed up in that charity crib atop someone's garage in Wisconsin, has no income, so taxes are not a particular burden. Nonetheless, DUmmy grasswire wants crushing taxes on people who do work:

grasswire  (1000+ posts)      Wed Dec-09-09 10:19 PM
1. you've got my vote
FWIW

ecstatic  (1000+ posts)        Wed Dec-09-09 10:20 PM
2. I don't think a model like that would work for long
All the rich people would move to another country and then the burden on the poor/middle class would be much more.

No they would not. They would just find a way to avoid paying that rate. They're smart. That's why they're rich and you're a DUmmy in a single wide.

unblock (1000+ posts)        Wed Dec-09-09 10:39 PM
11. horsehockey. other countries would follow suit and raise taxes as well.
we're hardly the only country running a big deficit these days.
besides, america's pretty good at taxing your money wherever you are.

 
DUmmy HiFructosePronSyrup, who made a stupid spelling error when he registered at the Dump, accidentally asks an intelligent question:

HiFructosePronSyrup  (1000+ posts)      Wed Dec-09-09 10:21 PM
4. How are you going to get Congress to vote for that?

   


But DUmmy Husb2Sparkly has already thought that problem through:

Stinky The Clown  (1000+ posts)        Wed Dec-09-09 10:22 PM
5. I would name you secretary of getting 'er done.

 

DJ13 (1000+ posts)      Wed Dec-09-09 10:27 PM
8. I would do that 90% top rate, but 
I would include targeted tax breaks if they invest in new businesses, or something similar to stimulate our national economy in exchange for any reduction from that 90% rate.

The current low rates have no incentives to force them to invest here in the US, and in fact it actually encourages offshore investments to take advantage of currency exchange rates.

The wealthy back in the 50's didnt pay the top rate, there were incentives to build our manufacturing base, which in turn led to our greatest period of wage gains our country ever had.

But wait a minute! If President Husb2Sparkly is going to confiscate everything I make above X dollars, what is my incentive to make X plus Y dollars, and then reinvest Y dollars? I will just lay off DUmmies until my company makes X dollars for me, and not work so hard to make more. Why make profit if you're going to take it from me, or force me to leave it in the business? Those laid off DUmmies won't be feeding any money to President DUmmy, will they? DUmbasses just cannot understand how a reduction in tax rates can lead to increased tax revenue, no matter how many times it has been proven in real life. DUmmies live in a zero sum world.

Kansas Wyatt (1000+ posts)        Wed Dec-09-09 10:44 PM
12. The 90% part that people do not get is... They are totally, stupidly blind.

That it FORCES the rich to reinvest earnings back into their business, new businesses, their community, etc. etc. Just because they are not going to want to pay a 90% tax bill, they would reinvest back into the economy and America, instead of just socking it away in banks, which does nothing to improve the economy.

And, uh, I forget. What is it banks do with that money? Oh, yeah, they like put it in big bags with a dollar sign on them, and store the bags in these big vault things. And every now and then, these rich guys like go to the bank and look at all their money stuffed into all these bags. And stuff.

[bkg]

Jealousy is an ugly thing... especially from the commonsense illiterate. 90%... they better not bitch when they all lose their jobs.

But - if you look at my tax rates thread, you'll see that some people will be in the mid to upper 80% range soon

[BEG]

Friggen idiots.

[Zathras]

Friggen idiots.

Wouldn't be DUmmys if they weren't. 

[Carl]

Kansas Wyatt (1000+ posts)        Wed Dec-09-09 10:44 PM
12. The 90% part that people do not get is... They are totally, stupidly blind.

That it FORCES the rich to reinvest earnings back into their business, new businesses, their community, etc. etc. Just because they are not going to want to pay a 90% tax bill, they would reinvest back into the economy and America, instead of just socking it away in banks, which does nothing to improve the economy.

Which very clearly illustrates how stupid they are at the DUmp.
They really think a business operates with no capital input and that all dollars generated are 100% profit to be stored away at their expense.

[JohnnyReb]

A 90% tax on a 10% profit margin...yeah, that'll work.....

[USA4ME]

Between this thread and the one on Lennon, GOBUCKS has run across a pattern on Skin's island.  Now that they see Dear Leader isn't delivering their pony, and since the main BHO cheerleaders won't let them say they're disappointed without being labeled as anti-Democrat, they've moved on to imagining how things could have been different if certain icons wouldn't have died or what they would do if they were in office.  I'm not sure at what level they've progressed on their road into deeper   ville, but this is another step.

.

[Traveshamockery]

The DUmmies seem to forget that they will never get a job from a poor person.  But then again, they aren't interested in getting jobs so that detail is for other people to worry about. 

[bkg]

Which very clearly illustrates how stupid they are at the DUmp.
They really think a business operates with no capital input and that all dollars generated are 100% profit to be stored away at their expense.

no such thing as profit in business. It's all ivestment capital.

[Tucker]

Maybe the DUmmy's should have paid attention to George Bailey in "It's a Wonderful Life." He explains in detail what happens to deposited money. It's loaned out to credit worthy borrowers.

I use this movie as so many of those at the DUmp can identify with fictional movie characters. It's a normal practice across Walden Pond.

[Karin]

As my jaw has dropped open from their astonishing historic/economic/basic community college business admin 101 illiteracy, I'm going to row over and see what I can see. 

[Karin]

SnoopDog (1000+ posts)        Wed Dec-09-09 11:03 PM
Response to Original message
16. With an effective tax policy (taxing the high income earners) would allow the
rich to get richer, the rest to get richer, and a 'more better' country.
 

The entire thread is one big stupid, but even Cali piped up and said there's no way you'd get it through the senate.  That there's no way Stinky would ever become president.