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We had a long conversation about his tax code. Only the rich. I called bs then and it looks like I was right. Just a matter of time. The middle class need to prepare thy anus.
You know as well as anyone it is coming. It has too. The middle class is about to take it on the chin.
There is a not enough money there to fund them and their programs. Most billionaires do not actually have "income" the way most think about it. That's why Warren Buffets secretary paid more income tax then he did. So taxing their income is more difficult then just raising the tax brackets. So taxes will have to be raised on almost every one in order to pay for all of the crap their planning.
Look up on the carried interest loophole. And yes some have high income but that is not the major source of their wealth, And most get their compensation other ways. Tax lawyers are paid well for a reason.
Biden promised no new taxes for families making under $400K, but his Commerce nominee just said something else entirely
'Nobody making under 400,000 bucks would have their taxes raised. Period.'
I remember when GHB did not get reelected for breaking one campaign promise. Then again the media railed about it for years and they just simply ignore all of Biden's lies.
You don't really believe the democrats will bite the hand that feeds them do you? By the way, where did the $145 million in dark money that Biden got to fund his campaign come from?
I didn't know you weren't able to understand. In a thread talking about Biden's lies that pivoted to his tax policy in which he said no one making under 400k would have his taxes raised. You made a comment that you believed the rich's income should be taxed more. So I simply stated that wouldn't help for the reasons I mentioned. I thought it was a good discussion until you said we can just do it. So I admit I added a little snarky remark about Biden getting dark money. But the entire discussion was about the inability of raising enough money to find Bidens wild agenda by simply taxing the rich more. Therefore it's a Biden lie.
Laughable you don't understand the shit rolls down hill principle. You can't raise costs (whether that's taxes or anything) on the wealthy without it affecting the middle class. Wealthy will just raise the cost of their goods or services provided to offset.
No one said anything about wrecking the economy. I said the middle class will foot the bill, and they will no matter how you would like to dice it. Income or sales taxes, higher material costs, higher labor costs -- whatever you want to throw in there -- will cause the wealthy to raise the price of their goods or services, reduce their work force, or lower the wages of their workers. No matter how the wealthy lose money, the cost will be deferred to the middle class.
Why don't you enlighten me then? The wealthy will always deflect their losses somehow, and that seems to always fall on the shoulders of the middle class. Please break it down Barney Style for me.
