Joe Biden saying the rich have to be "patriotic" and pay more to "bring back the middle class" https://www.youtube.com/watch?v=UCqgNWRjmAc
Both advocate class warfare and the wealthy "not paying their fair share". One is rightfully deemed a liberal buffoon that likes to plagiarize others work and advocate class warfare, while the other is worshiped as the new savior to save the USA.
But don't let pesky facts get in the way of your idol worship.
I’ll still support Trump over Biden...so what is your point?
He’s with Biden on taxes, Sanders on trade, and doesn’t think America is great enough to compete with China unless we place high tariffs, penalizing every consumer in the country....but he’s the “great right hope”......
yeah, right.
Trump, according to the video, wants hedge fund managers to pay the same taxes as everyone else does. He is not advocating that they pay more taxes than everyone else does.
So I don’t see that as class warfare.
Why don’t you let us think for ourselves.
What is better? Trump who says some of the things we have been dying to hear for years and has wide ranging support vs. a field of losers who can’t top Trump, let alone even begin to win against a corrupt system that’s been put in place by the liberals. I prefer Cruz, but you can’t argue with Trump’s success.
Take your sweater vest and shove it!
I don’t even have to watch the videos to know how much I like them.
Those who forget the recent history of the Trump immigration position are going to look like the fools they are on his tax plan too.
Tax rates desired by Republicans will not make ONE BIT OF DIFFERENCE if the Dems wind up legalizing 30 MILLION NEW VOTERS.
First we’ll have Trump CLEAN OUT the country of the Illegals, while also cutting back someone on the legals, and then fight him on taxes, if that is even necessary.
But, as it is, I won’t fight too hard to protect the 5% tax bracket of hedge fund managers that make $100M. I’ll leave that fight to you.
Trump is a wild card. It doesn't appear he is owned. Admittedly, we don't know.
Donald Trump recently courted the “tea party” vote ahead of a Nashville straw poll. Here are 7 of their documented views on the issues.
Bank Bailouts. Tea party hated them. Donald Trump supported them: “Now, I did not know about a $700 billion bailout, in all fairness. And I think probably, it is something — it’s sad, but, probably, it’s something that has to get done, because your financial system is most likely going to come to a halt if it does not. So, it is a pretty sad day for this country.”
Stimulus. Tea party hated it. Donald Trump supported it: “It is a bad sound bite, but I thought [President Obama] did a terrific job. This is a strong guy knows what he wants, and this [the stimulus package] is what we need.”
Auto-bailouts. The tea party was against them. Donald Trump supported them: “I think the government should stand behind them 100 percent. You cannot lose the auto companies. They’re great. They make wonderful products.”
Blames 2007 market crash on Bush, thought housing market was fine in March 2007: “Now, as far as the housing market, I think it’s okay. It’s not terrible, it’s not great — it’s okay. It was great two years ago; now it’s fine, it’s solid.” The Fed continued to slash interest rates as Trump advised at that point, contributing to the housing market bubble. He recently stated that “I like low interest rates,” then went on to say The Fed is “creating a bubble.”
Higher taxes. The tea party opposed them. Donald Trump supports raising marginal rates: “The hedge fund guys are getting away with murder. They’re making a tremendous amount of money. They have to pay taxes. I want to lower the rates for the middle class.” (CBS via Bloomberg) Reason magazine points out that the economy and job creation boomed when presidents John F. Kennedy and Ronald Reagan lowered marginal rates.
Economic policies. The tea party vehemently opposed the tax-and-spend policies of the Democratic Congress since 2006 and detested the high national debt. Donald Trump said in 2004: “I’ve been around a long time. And it just seems the economy does better under the Democrats than under Republicans.”
Government-run healthcare. The tea party railed against Obamacare and single-payer. Donald Trump supports universal healthcare: “But I’m quite liberal and getting much more liberal on healthcare and other things. I really say: What’s the purpose of a country if you’re not going to have [universal] healthcare?”!
I don’t think Trump has a philosophy
“Pesky facts” like raising taxes on everyone who makes more than 200 grand isn’t anywhere near equivalent to changing the “carrying interest” rate?
Irrational partisan: “Our opponent’s partisans are irrational!”
Don’t see the difference between raising income tax on “the rich,” and closing the LOOPHOLE on paper traders using LOW capital gains taxes to AVOID paying income tax?
Let me explain it.
If I make 100,000 a year, the government TAKES 60% of my income in taxes, (state, local, federal, social security etc...)
If I save money, after paying those taxes, invest it, and make a profit, I SHOULD pay ZERO capital gains. (The compromise is 20%.)
Paper traders, who make their majority INCOME on capital gains, (and aren’t creating jobs, factories, etc) should pay the same rate as any other American. This is not soaking “the rich,” this is closing a LOOPHOLE.
Pat Buchanan said it elegantly in the 90s: “It’s fundamentally unfair that a stock trader on a 100 foot yacht is paying no tax, while the guy serving him drinks is.”
Capital Gains should be ZERO unless you make a GOOD-living trading paper, and it’s the majority of your income. This is common sense, and is not socialist, like POS Biden arguing for a higher rate for high-wage earners.
In the next month you will see Trump’s plan. I believe you’ll see: a simple tax code, lower taxes, and a means of repatriating the trillions being stored overseas. Taxes can be lowered for everyone, AND tax revenue can go up. We can use our tax code as an INCENTIVE for job creation, instead of a tool of the globalists to destroy America.
I like paper-traders, I did it for a while myself as a side gig.
I’d like to see capital gains @ 0 for anyone not making a living trading paper. If trading-paper is your JOB, you SHOULD pay income tax just like everyone else.