The trick was seeing what was going on before trying to “teach the dems a lesson”. Now all you can do is ride the train and wait for endless lawsuits to playout with disingenuous participants
Nixon was already impeached by now
Correct me if I’m wrong, but I don’t believe that the super rich actually have a high conventional income normally. Most of their wealth would be from investments and stock.
A neat trick with that is that they can take out loans against their stock to buy superyachts, governments, and other toys and that’s not only not income, the interest is tax deductible. Plus there are other tricks like S Corps to shield them. So, this isn’t as useful as it would suggest (not that we shouldn’t tax >100m at 99% or something just to make the point.)
It’s called “Buy, Borrow, Die”, and that’s exactly what they do. They buy or inherit assets, hold them indefinitely, because they have no monetary value until sold, and take out loans using those assets as collateral. Then they just pay the interest on the loans, and then play with the money. Southern slave owners were doing a similar thing before Emancipation. The lax rules of Southern banking even allowed them to take out multiple loans on a single slave.
You’re not wrong.
But keep cutting their taxes and they can have more conventional income in addition to everything else.
Curious if they tried blocking taxation on anyone BELOW a certain income level.
TIL the US doesn’t have a tax free threshold?
There is, but you just get everything back as a refund. They still take taxes out of your paycheck.
This seems pretty punitive, considering the poorest in society need the money immediately, not as a lump sum refund once per year.
Here (Australia) the tax free threshold is baked into your tax withholding amount.
There’s like 10 people in the entire fucking world making more than 500 mil a year.
More like 700 in the US alone.
https://www.forbes.com/advisor/retirement/how-many-billionaires-and-millionaires-live-in-the-u-s/
700 people having a net worth of over a billion and 700 people making half a billion a year are very different.
Dividends for some of those billionaires can pay out over 500mil easily. Hide money however they want, we need a wealth tax no matter how it’s sliced.
I’ve been saying it.
Every year, we should take the wealthiest person and reclaim 50% of their assets. Congrats, you’ve scum sucked enough blood out of people, we’re taking 50% of it back. We’ll build a “This year’s biggest winner” statue in your honor with some of the funds.
also prevent people from getting that rich in the first place. new tax brackets: 50% for every dollar over a million. 75% for every dollar over 10 mil. 90% over 50mil. and 100% over 100mil. congrats that’s the high score. maxed out.
also make ALL INCOME to count as income, not just direct payment.
I like the cut of your jib.
Make the size of the statue inversely proportional to the number of people employed by those assets.
What’s going on is that you have FAFO’d that you should never have compromised with the GOP like we fucking told you
If you told them not to compromise with the GOP and still voted for them anyway, then there’s not much FAFO here. Unless of course, you’re trying to say that the FO part of their FA is a result of your not voting for them in protest- which in this case, you then would have to admit your responsibility in helping to install trump in the white hose.
I’m dizzy with this circular logic here.
Dems need to behave and act like an opposition party. Organize local outreach and fund down ticket candidates. Who any of us voted for no longer matters.
Organize and resist. Moving forward is how you win. Gloating about the worst possible outcome at the end of the world doesn’t make a whole lot of sense.
If we don’t get off our asses there won’t be another chance to vote. It’s not 2000, Trump isn’t Bush. Our systems are being dismantled. If that’s not a call to unifying action I don’t know what is.
No one is getting off of any asses. The bed was made and now we’re sleeping in it.
Honest question, are you ashamed that you don’t feel empowered? Is that why you shit all over anybody’s efforts to organize.
Or are you just so confident you’ll be able to pass the coming Mischling tests?
Why would I be ashamed? I voted to stop this. I canvassed. I did the work. I’m proud of my efforts to stand in the way of a fascist dictator.
And I’m not shitting on anything. I’m just observant. I don’t lie to myself others.
Organizing protests won’t do shit even if you could gather enough people. I’m not happy about this. I don’t want this, but I accept that this is how it is. This is reality. PROTESTS DON’T DO SHIT AGAINST AN ORGANIZATION THAT JUST FIRED THE HEADS OF THE MILITARY.
You have NO FUCKING CLUE what you’re up against.
We had a chance to stop this. We were warned this would happen. We were TOLD this would happen. And yet- NINETY MILLION ELIGIBLE VOTERS STAYED THE FUCK HOME. Most, because of “gEnOciDe!”
But no. I’m not ashamed at all. Not even close to it.
I’m just DEEPLY disappointed and angry that we lost our only chance to avoid this. And on top of that, I’m furious that there’s people that have the audacity to cast aspersions on those that knew there was a way out of this and tried. I’m furious that these people can smugly accuse those that busted their asses to stop this of not trying to help.
The question is:
Are YOU ashamed?
Oh good. At least you finally said it outloud. Stay safe there in your anonymity and the past.
I’m very well aware of what we’re up against. Now that it might threaten you, all of a sudden it’s so scary. You mentioned my post history. I suggest you read it.
I voted for Harris as harm reduction. That failed. Now I have to start organizing.
Be afraid. That’s where they want you.
You people LOVE using the past as a battering ram to break the bullshit of the present.
News flash: IT DOESN’T FUCKING WORK LIKE THAT.
I don’t give a shit about your links to events that happened decades ago. That’s not now, those weren’t the same people, and this is NOT the same situation.
We had the chance to stop this and ninety million people chose to stay home. So go ahead, protest all you want if it makes you feel like you’re doing something. I suppose it’s better than doing nothing- but I hope you suffer no illusion that it’s going to do fuck-all about anything.
We lost that chance in November. No more finger in the leak… the damn is broken.
Oh great, more of the imaginary hostage voting
Predictably, you chose not to admit to either.
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tRuMp iZ biDeNz fAuLt!!!11!!!one!!1
[Then goes on to post a wall of text illustrating their ability to perform precise mental gymnastics and not providing a single shred of evidence to support it- while simultaneously defending accusations that protest voting was part of the reason trump was elected]
(Oh, and let’s not forget the ad hominem attacks. Can’t argue against nuance without angering one’s self into personal insults)
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Does anyone have a link to the proposed amendment and the vote on it?
I believe this is regarding the proposed budget by the House Budget Committee.
Yeah, I just can’t seem to find their proposed amendments. Maybe because they weren’t considered or something? I’ll have to see if I can find the cspan section. I just want a snippet to show my family where Republicans are voting lockstep to protect wealthy people.
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Thieves in the bank offices
