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Plunder Capitalism
Paul Craig Roberts Institute for Political Economy ^ | December 4, 2017 | Paul Craig Roberts

Posted on 12/05/2017 10:31:25 PM PST by Rashputin

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To: Rashputin

A person making $1 to $10K is taxed at 10%. Ok. Self-employed pays that now and then some. People who have jobs have their personal exemption of what, $12K? So why does anyone have a problem with that?

And, what about capital gains and dividends? Isn’t that what middle-America is invested in - not just the 1%? Stocks, housing, business assets, real property, etc? Seems it would be a good thing to drop taxes on all that at a time when the tail end of Boomers are getting ready to retire and probably down-size.


21 posted on 12/06/2017 3:03:01 AM PST by blueplum ( "...this moment is your moment: it belongs to you... " President Donald J. Trump, Jan 20, 2017)
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To: Rashputin

Yawn. Is he done yet? Chin been wiped?


22 posted on 12/06/2017 4:13:29 AM PST by major-pelham
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To: Gene Eric

Customers of corps. ultimately pay corps taxes!!!!


23 posted on 12/06/2017 4:48:13 AM PST by ontap
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To: zeestephen

50% of the people in this country pay no income tax....some actually get a return even though they paid nothing!!!! Talk of low income workers getting taxed is ludicrous....one cannot get a tax cut if one pays no taxes!!!


24 posted on 12/06/2017 4:53:21 AM PST by ontap
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To: Rashputin

That increase in equity increase that nurses 401(k) and it also lowers the local tax burden by increasing retirement funding.


25 posted on 12/06/2017 5:04:36 AM PST by Raycpa
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To: cherry

I’m middle class and I’ll save $4k in taxes under the plan.

I guess I’m supposed to invest that in the markets for a capital gains tax shelter. But since it’s after tax savings I probably won’t. I’d rather spend it than submit it for another round of taxation.


26 posted on 12/06/2017 5:23:52 AM PST by Justa
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To: cherry

what’s the point of making a point using misleading info to make the point ?
and just what is a “modest” worker ? someone in a burka ?
and 47% of filers get taxed at the same or less rate than corporations and 20% of those are income tax negative.


27 posted on 12/06/2017 7:55:41 AM PST by stylin19a (Best.Election.Ever.)
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To: Rashputin
Unless our rulers can continue to control the explanations, the tax cut edges us closer to revolution resulting from complete distrust of government.

We are not supposed to have rulers, but servants. Let's start by correcting that!

28 posted on 12/06/2017 9:38:26 AM PST by JimRed ( TERM LIMITS, NOW! Build the Wall Faster! TRUTH is the new HATE SPEECH.)
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To: Rashputin

So, he wants us to kill the fraction of one percent of whom he speaks?


29 posted on 12/06/2017 10:33:33 AM PST by JimRed ( TERM LIMITS, NOW! Build the Wall Faster! TRUTH is the new HATE SPEECH.)
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To: Nifster
This guy is a joke. He has produced nothing ever in his entire life

In other words, an academic.

Academic: An individual incapable of or unwilling to create or provide goods or services of value to others, who pontificates and expects to be paid for it, usually from public funds.

30 posted on 12/06/2017 10:37:17 AM PST by JimRed ( TERM LIMITS, NOW! Build the Wall Faster! TRUTH is the new HATE SPEECH.)
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To: JimRed

That’s the key and folks like Roberts seem to be of the mind that we’ll never get rid of the DC Nobility (of which he was a part during the Reagan years) so the whole economic system is a failure or it wouldn’t be so corrosive to the political system, if you follow that.


31 posted on 12/06/2017 4:24:04 PM PST by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory !!)
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To: Rashputin

“Nothing is left of the West except looters at work.”

Agreed.


32 posted on 12/06/2017 7:06:41 PM PST by Eisenhower Republican (Welcome to Colorado. Now go home!)
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To: Rashputin
That’s the key and folks like Roberts seem to be of the mind that we’ll never get rid of the DC Nobility...

Start with term limits. And shuffling bureaucrats from job to job and agency to agency to keep them out of "power".

33 posted on 12/06/2017 8:19:04 PM PST by JimRed ( TERM LIMITS, NOW! Build the Wall Faster! TRUTH is the new HATE SPEECH.)
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To: JimRed
Seems to me the best start is repealing the 17th Amendment so a Senator who goes against the will of the people in their State will only do so once and the be replaced.

State Legislatures selecting the Senators from each State is in the unamended Constitution while term limits aren't. It seems to me Amending the Constitution as often as not makes things worse and term limits would require an Amendment, right?

34 posted on 12/06/2017 8:31:28 PM PST by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory !!)
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To: Rashputin

It may require an amendment. If you can think of another way to do away with a permanent political class that is so corruptible, I’m listening!


35 posted on 12/06/2017 8:49:24 PM PST by JimRed ( TERM LIMITS, NOW! Build the Wall Faster! TRUTH is the new HATE SPEECH.)
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To: Eisenhower Republican
They're not all bad, some of them will even say, “have a nice day” after they hand you your pink slip.
36 posted on 12/06/2017 8:49:46 PM PST by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory !!)
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