Thread: Trump proposes massive one time tax on the rich

China-bashing Trump's clothing line made in China

Donald Trump has emerged in recent years as the nation's foremost China basher, going after the Asian superpower for undervaluing its currency and for taking American manufacturing and jobs. So it's at least ironic -- and at most an example of gross hypocrisy -- that Trump's own line of men's wear, the Donald J. Trump Signature Collection, is manufactured in China.

I love it. Tax what is taxed with more tax to reward the federal government for overspending and waste - not much from him on cuts yet, waiting for some juicy stuff on that. I do however have to give him props for putting himself under the gun, although I am sure his buddies wouldn't feel the same way.

"Trump predicts his debt elimination combined with his tax cuts would trigger a 35 to 40 percent boost in economic activity, with more business startups, more jobs, and more prosperity."

more supply-side voodoo economics....lol at taking financial advice from someone that uses bankruptcy courts as part of his business model.

Trump just loves this publicity, I just don't see him as a legit person to even win a republican primary much less a general election.

Originally Posted by LAM

"Trump predicts his debt elimination combined with his tax cuts would trigger a 35 to 40 percent boost in economic activity, with more business startups, more jobs, and more prosperity."

more supply-side voodoo economics....lol at taking financial advice from someone that uses bankruptcy courts as part of his business model.

Damn, tax the rich, isn't that your mantra along with giving the middle class every possible tax cut imaginable. I can't believe you aren't in support of this, it is in fact what you want right?

well, I guess that rules out Republicans/Conservatives supporting Trump. lol

Originally Posted by Prince

well, I guess that rules out Republicans/Conservatives supporting Trump. lol

Originally Posted by LAM

"Trump predicts his debt elimination combined with his tax cuts would trigger a 35 to 40 percent boost in economic activity, with more business startups, more jobs, and more prosperity."

more supply-side voodoo economics....lol at taking financial advice from someone that uses bankruptcy courts as part of his business model.

Yup.

And trump becomes a democrat lol. If he holds to this I'm volunteering for his campaign

Sent from my samsung moment android via tapatalk

Fuck yea that's an awesome idea!

Why not?

Seriously, why not?

Wanna see a mass migration of half the wealthiest people in our nation, elect this idiot....

How would taking a huge chunk out of filthy rich peoples pockets create jobs and all that? I guess maybe it would help to increase jobs in companies that rely on Government bids or grants after a little faith would be restored in their ability to make payments from the debt being paid off...

hmmm

Originally Posted by k4rr

hmmm

Reach your 50 post mark yet?

The wealthy wouldn't leave. It's a hollow threat that makes conservatives shake in their boots. The wealthy won't leave because they have it too damn good here. If anywhere else really were that good they'd have left already.

I say why not. If its a one time thing then fine. Benefits me anyway. Fuck the super rich. They hoard their money mostly. Also,they should allow people to opt out of social security. I really don't think it will be there when I am eligible for it anyway

Originally Posted by Zaphod

The wealthy wouldn't leave. It's a hollow threat that makes conservatives shake in their boots. The wealthy won't leave because they have it too damn good here. If anywhere else really were that good they'd have left already.

That is the fucking truth!

Did you people miss the part about getting rid of the inheritance tax at the same time? Essentially, Trump wants rich folk to put up 14.25% of their net worth now rather than a much larger percentage when they pass their wealth on to their children. This wouldn't be a tax on the rich, this would be a boon for them.

Originally Posted by danzik17

Did you people miss the part about getting rid of the inheritance tax at the same time? Essentially, Trump wants rich folk to put up 14.25% of their net worth now rather than a much larger percentage when they pass their wealth on to their children. This wouldn't be a tax on the rich, this would be a boon for them.

Yet the amount gained would make such a massive dent in the national debt it would be worth it. The inheritance tax is beyond ridiculous and if I had a billion, giving up 150 million sounds like a good deal in place of the 500+ million I would lose passing it on when I died.

Originally Posted by Zaphod

The wealthy wouldn't leave. It's a hollow threat that makes conservatives shake in their boots. The wealthy won't leave because they have it too damn good here. If anywhere else really were that good they'd have left already.

Hopefully it would get rid of some of the misers who just horde money cause they're stingy. My gf's step-grandmother has several million just sitting in banks while she leached off of her husbands retirement money for years. This bitch got mad at me once cause I threw out 20 years worth of her hoarding straws from each time shed go to a fast food restaurant, the bitch was psychotic I tells ya....

Originally Posted by oufinny

Damn, tax the rich, isn't that your mantra along with giving the middle class every possible tax cut imaginable. I can't believe you aren't in support of this, it is in fact what you want right?

I'm all for taxing the so called "job creators" more since their incomes are derived not only from wages but from various different avenues so they can afford it...

"Trump predicts his debt elimination combined with his tax cuts would trigger a 35 to 40 percent boost in economic activity, with more business startups, more jobs, and more prosperity."

but that statement is nothing more than Reagan bull-shit supply side economics repacked by Trump.....it didn't work under Reagan or Bush I or II but somehow magically when applied under a Trump presidency it would finally work?

Originally Posted by LAM

but that statement is nothing more than Reagan bull-shit supply side economics repacked by Trump.....it didn't work under Reagan or Bush I or II but somehow magically when applied under a Trump presidency it would finally work?

Right, your economics is to tax people and businesses into the ground and keep on spending to keep the lower class continually leaching and ultimately be forever dependent off the governments tit. You offer nothing but the same old rhetoric that drives us further into oblivion.

Originally Posted by Zaphod

The wealthy wouldn't leave. It's a hollow threat that makes conservatives shake in their boots. The wealthy won't leave because they have it too damn good here. If anywhere else really were that good they'd have left already.

I take it this is an assumption? Look at it this way - big business has been leaving this country in droves to escape taxing and to pay their workers lower wages to save money. Other countries have far lower taxes already than this country. The rich already have their money and want to keep as much of it as possible and they would be willing to do the same if it gets draconian.

Take new jersey for instance. A few years back, they raised the taxes in that state for businesses, etc. and the rich left in droves. At first the governor and his staff estimated a boon - multi-millions of dollars in extra revenue. Instead they left in droves for other states that did not institute draconian tax laws and as a result, lost multi-millions instead.

Somehow, I think that people wanting to have them taxed more and more would be the same ones to shift the blame and point the finger at the rich for leaving - even though they were fully warned of the consequences of taking such harsh measures. They already paid their dues, but they are left to pay again and again.. more and more. Something will give and all this wonderous windfall of cash that we keep leaching will be gone for good. Then it will left to the middle class to bear brunt the burden - certainly not low income earners, they are left to keep leaching and getting their freebies.

They will leave if they have to and making the assumption otherwise is risky and foolish.

Fuck this bullshit. The wealthy didn't squander our social security and medicare taxes, nor did they overspend by trillions of dollars to the point where they had to print money.

Trump can talk all the shit he wants but this would never pass congress because it's good ole fashioned socialism. The wealthy in this country don't owe you, me or the federal government a goddamn thing when it comes to paying extra on government created debt.

Originally Posted by min0 lee

Reach your 50 post mark yet?

Nope not yet.

I think diet is a good analogy. Yes, you can lose weight on a crash diet but you're still a fatass at heart and you'll just gain it right back. The key is to put in place a system that is healthy in the long run.

Originally Posted by phosphor

Right, your economics is to tax people and businesses into the ground and keep on spending to keep the lower class continually leaching and ultimately be forever dependent off the governments tit. You offer nothing but the same old rhetoric that drives us further into oblivion.

you may want to refresh your reading on the basics of economics and the importance of income check out some of Friedman's work regarding the laws of economics.

the US government in collusion with big businesses have sent millions of jobs overseas in the past 3 decades and not replaced them with anything. and your logic is to cut social protections, etc. as the job market in the US continues to get worst as even those with college degrees can not find work today. social protection programs that were put into place in the 1930's etc. for a reason. and as is typical with conservatives they are too stupid to do research on the subject or your would have found that TANF payments have not increased over the years and in fact AFDC only accounts for 1% of the federal budget and 2% overall if you combing all forms of protection into the term "welfare". so your rehtoric about welfare driving up the deficit is complete and utter bullshit and there is no data anywhere to back up those statements...

conservatives want to cut education which will obviously help Americans compete in a global economy as the world gets more advanced, brilliant...

any ideas from the right which aren't going to fuck up the country even worst?

the debt ceiling was raised 11 times under GWB do you really want to get into why the budget deficit is so high? cause it has nothing to do with poor people that have no power...

Your just a turd that wont go down after several flushes.

Public education is shit and a bottomless pit. Government collusions? Holy shit! Didn't know that. Thanks for beating the dead corporation horse again. You have claimed before that I need economics classes. It doesn't take a godamn rocket scientist to know what I already stated rings truth. You got a deadbeat class dependent on government handouts growing by the day and you want the rich and corporations to foot their ever-growing bill. Great economics plan. Rob peter to pay paul while paul sits on his dead ass drinking 40s. Go ahead and add 10 more things to the mix, it doesn't matter. Bring up Abraham Lincoln, mickey mouse and the theory of dark matter/energy to mave the shell around a bit. Your constituants plans are still dogshit.

Originally Posted by min0 lee

China-bashing Trump's clothing line made in China

Donald Trump has emerged in recent years as the nation's foremost China basher, going after the Asian superpower for undervaluing its currency and for taking American manufacturing and jobs. So it's at least ironic -- and at most an example of gross hypocrisy -- that Trump's own line of men's wear, the Donald J. Trump Signature Collection, is manufactured in China.

check the print on most american flags....they're made in china too.....that's just wrong......