Titandan Posted February 21 Report Share Posted February 21 What do you guys think about the current tax rates, increasing taxes on the uber wealthy, and wealth tax targeting unrealized gains? Link to post Share on other sites More sharing options...
reo Posted February 21 Report Share Posted February 21 The recurring problem in American politics, as I see it, is a cycle built around tax policy and perception. One party campaigns on tax cuts, wins power, and enacts large, permanent reductions that disproportionately benefit higher earners and corporations, while offering smaller, temporary cuts to lower- and middle-income households. Those policies significantly reduce federal revenue and contribute to rising deficits. When they lose power, the focus shifts to warnings about excessive spending and unsustainable deficits, deficits that were amplified by the earlier tax reductions. The next administration, constrained by political resistance to reversing those tax cuts, often turns to spending restraint to stabilize the fiscal situation. That austerity reinforces a public narrative that government is inefficient or wasteful. Voter frustration grows, and the cycle resets. The pattern isn’t random, it’s structural: tax cuts reduce revenue, deficits rise, spending becomes the target, public trust erodes, and political power shifts again. It's designed to help the rich get richer and to protect the billionaires. Taxing the rich is the only way out of this trend. Callidus 1 Link to post Share on other sites More sharing options...
Popular Post Jamalisms Posted February 21 Popular Post Report Share Posted February 21 Yes. Duh. Come on Titans, ChemEngr79, reo, and 2 others 5 Link to post Share on other sites More sharing options...
Popular Post Starkiller Posted February 22 Popular Post Report Share Posted February 22 Tax cuts for the wealthy over the last 45 years have led to the vast majority of the federal debt pat, reo, Come on Titans, and 4 others 7 Link to post Share on other sites More sharing options...
OILERMAN Posted February 22 Report Share Posted February 22 19 minutes ago, Starkiller said: Tax cuts for the wealthy over the last 45 years have led to the vast majority of the federal debt 90% by most studies pat, reo, Come on Titans, and 1 other 4 Link to post Share on other sites More sharing options...
Popular Post OILERMAN Posted February 22 Popular Post Report Share Posted February 22 Every time I think about current tax rates I'm reminded that Trump is a child molestor reo, Callidus, MadMax, and 8 others 6 5 Link to post Share on other sites More sharing options...
Popular Post nine Posted February 22 Popular Post Report Share Posted February 22 The entire “Make America Great Again” mantra is clearly stating that America is no longer a great country and that we must restore it to greatness…. which presumably refers to the post-WWII era when the United States established itself as the world’s preeminent military superpower and a giant of science, education, and industry. If this is in fact the era of American history that MAGA admires and wishes to emulate… then perhaps we should consider re- instituting the tax structure from that era, which is what made such growth possible in the first place. pat, Callidus, Jamalisms, and 4 others 7 Link to post Share on other sites More sharing options...
IsntLifeFunny Posted February 22 Report Share Posted February 22 51 minutes ago, nine said: The entire “Make America Great Again” mantra is clearly stating that America is no longer a great country and that we must restore it to greatness…. which presumably refers to the post-WWII era when the United States established itself as the world’s preeminent military superpower and a giant of science, education, and industry. If this is in fact the era of American history that MAGA admires and wishes to emulate… then perhaps we should consider re- instituting the tax structure from that era, which is what made such growth possible in the first place. We could start off by not scaring the scientists away by cutting off a ton of their funding or making it tied to political outcomes. The brain drain is happening and is an under discussed phenomenon currently accelerating. ChemEngr79, and MadMax 2 Link to post Share on other sites More sharing options...
Starkiller Posted February 22 Report Share Posted February 22 3 hours ago, nine said: The entire “Make America Great Again” mantra is clearly stating that America is no longer a great country I’d argue they made that claim a reality… ChemEngr79 1 Link to post Share on other sites More sharing options...
reo Posted February 22 Report Share Posted February 22 5 hours ago, nine said: The entire “Make America Great Again” mantra is clearly stating that America is no longer a great country and that we must restore it to greatness…. which presumably refers to the post-WWII era when the United States established itself as the world’s preeminent military superpower and a giant of science, education, and industry. If this is in fact the era of American history that MAGA admires and wishes to emulate… then perhaps we should consider re- instituting the tax structure from that era, which is what made such growth possible in the first place. MAGA has inferred that Trump wants to return to the post WW2 era but in reality, Trump wants to return to the Gilded Age of around 1870-1910 where there were 2 classes... the very very rich and the poor. And the tech bros like Elon and Peter T want the movie Elysium. And sadly that's not a joke or hyperbole. Why do you think they're so obsessed with space? MadMax, Starkiller, and IsntLifeFunny 2 1 Link to post Share on other sites More sharing options...
reo Posted February 22 Report Share Posted February 22 It's really simple. If the economy is growing by 2-3% per year and the rich are growing their investments by 5-10% per year.......... guess what's happening. MadMax 1 Link to post Share on other sites More sharing options...
tgo Posted February 22 Report Share Posted February 22 Tax the living shit out of them. FDR level tax rates. MadMax, and reo 1 1 Link to post Share on other sites More sharing options...
Popular Post OILERMAN Posted February 22 Popular Post Report Share Posted February 22 @Titandan you previously stated the dems were blowing up the deficit(as if to suggest you concerned about the debt) but voted to lower taxes for everyone? Can you do simple addition? Are you just spouting talking points or a dullard? The super rich have gotten richer over the last 10 years(last 1 year is crazy) or so at a faster pace than ever before. Billionaire wealth is growing at an unprecedented pace, with the world's richest individuals adding a record $2.2 trillion in 2025 and their fortunes growing three times faster than previous records. Total billionaire wealth jumped over 16% to a record $18.3 trillion in 2025 At the same time corporate profits are at all time highs. The corporate tax rate was lowered to 21% under Trump. But the top companies don't pay that. Here is what some of the top companies paid: A 2024 analysis showed that 87 companies paid less than 10% in taxes, while 55 companies paid less than 5%, and 23 paid zero or less. Examples (2021-2023 data): Microsoft: 9.7% Verizon: 6.9% JPMorgan Chase: 5.9% General Electric: 6.9% Ford Motor Co: 1.0% Tesla: 1.5% T-Mobile: 0.4% The real issue is how wealth is taxed(capital gains vs income tax) and the loopholes for the rich. You wouldn't have to "tax the shit out of them" It would be easy to adjust the tax system while richest people and corporations still made a ton of money and were still able to invest in growth and increase tax revenue greatly. IsntLifeFunny, reo, MadMax, and 4 others 6 1 Link to post Share on other sites More sharing options...
Popular Post OILERMAN Posted February 22 Popular Post Report Share Posted February 22 It's super impressive that conservative media and politicians have convinced broke ass middle class/poor Americans that super rich people should pay less in taxes than working people. They can get them to focus on transgenders( .0001% might have played a sport), eating dogs and cats(you fucking morons) and immigrants(who actually help the economy) while they lower the tax rates, while laying people off and raising prices on everything. MadMax, reo, ChemEngr79, and 4 others 5 2 Link to post Share on other sites More sharing options...
Starkiller Posted February 22 Report Share Posted February 22 (edited) A big part of the problem is that conservative economics has devalued work and concentrated wealth at the top. By running up massive deficits, the dollar is devalued so the value of possessions (real estate, stocks, etc) have skyrocketed. So the wealthy see their fortunes expand massively. And they feed all their gains back into those same possessions so it just keeps growing and not “trickling down”. Meanwhile, real wages for most have stagnated. Average wages haven’t remotely kept up with inflation as Republicans fight any attempt to raise the minimum wage to livable levels and have crushed unions and collective bargaining. And while wages have been depressed, consumer costs have skyrocketed. Edited February 22 by Starkiller reo, and MadMax 2 Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.