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We appreciate your help
in keeping this site going.
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08-08-2014, 12:36 PM
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Possibly admin. Maybe ;)
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Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,098
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Quote:
Originally Posted by BlueStreak
Oooooo, you big government loving capitalism hater you!
Dave
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LMAO!
Pete
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“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
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08-08-2014, 12:57 PM
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Persona non grata
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Join Date: Oct 2013
Posts: 12,654
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Quote:
Originally Posted by piece-itpete
Hey we agree on something, there should be strict enforcement of antitrust laws.
Pete
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Nice try, trying to divert the discussion Pete, but that was not what I am talking about as you well know.
We need to redistribute the wealth.
And for starters we need to tax the Hell out out of the rich.
Did you know that in 1942 FDR (the greatest American President of all time, whom you despise) proposed a 100% income tax on all income over $25,000? That would be about $365,000 in today's dollars. And he "settled" for 94% on everything over $200 K. That's about $3 million in today's dollars.
Now that's what I call negotiating!
A 94% income tax on all income over $3 million a year would be awesomely good for our economy.
__________________
"The enemy of my enemy is my friend."
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08-08-2014, 01:00 PM
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Possibly admin. Maybe ;)
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Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,098
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What was the actual rate?
Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
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08-08-2014, 01:04 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,907
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Quote:
Originally Posted by piece-itpete
What was the actual rate?
Pete
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Up to 90%. See footnote 5.
http://www.ntu.org/tax-basics/histor...ividual-1.html
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As long as the roots are not severed, all will be well in the garden.
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08-08-2014, 01:08 PM
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Senior Member
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Join Date: May 2009
Location: Upper Canuckistan
Posts: 2,180
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Quote:
Originally Posted by Tom Joad
Nice try, trying to divert the discussion Pete, but that was not what I am talking about as you well know.
We need to redistribute the wealth.
And for starters we need to tax the Hell out out of the rich.
Did you know that in 1942 FDR (the greatest American President of all time, whom you despise) proposed a 100% income tax on all income over $25,000? That would be about $365,000 in today's dollars. And he "settled" for 94% on everything over $200 K. That's about $3 million in today's dollars.
Now that's what I call negotiating!
A 94% income tax on all income over $3 million a year would be awesomely good for our economy.
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Yeah, but look at how badly the US economy and people did in the years, and decades after that. We wouldn't want to go to a 1950's type economy, would we?
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There never Was a Good War or a Bad Peace. - Benjamin Franklin.
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08-08-2014, 01:57 PM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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Quote:
Originally Posted by Tom Joad
Did you know that in 1942 FDR ... proposed a 100% income tax on all income over $25,000? That would be about $365,000 in today's dollars. And he "settled" for 94% on everything over $200 K.
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Well there was the war to pay for.
__________________
"We have met the enemy and he is us."
Last edited by nailer; 08-08-2014 at 01:59 PM.
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08-08-2014, 02:03 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,907
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Quote:
Originally Posted by nailer
Well there was the war to pay for.
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We have two to pay for. Somehow, Dubya thought cutting taxes would somehow pay for his wars.
__________________
As long as the roots are not severed, all will be well in the garden.
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08-08-2014, 02:08 PM
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Persona non grata
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Join Date: Oct 2013
Posts: 12,654
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Quote:
Originally Posted by finnbow
We have two to pay for. Somehow, Dubya thought cutting taxes would somehow pay for his wars.
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I believe Dubya, and his handlers knew exactly what they were doing.
Starting two wars on our Bank of China credit card and then cutting taxes for the rich had the double benefit of enabling them to funnel hundreds of billions of dollars to their buddies in the Military Industrial complex while at the same time breaking the federal budget so that they could use that as an excuse to go after Social Security, Medicare, and the safety net.
And as an extra bonus, a black man came along and got elected President, giving them a scapegoat to blame it all on.
__________________
"The enemy of my enemy is my friend."
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08-08-2014, 02:12 PM
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Possibly admin. Maybe ;)
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Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,098
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Worked beautifully.
How's the stimulus fit into this plan?
Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
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