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Thread: Check out this Ocasio-Cortez headline on Market Watch

  1. #1

    Check out this Ocasio-Cortez headline on Market Watch

    This really pissed me off:

    "Ocasio-Cortez schools GOP’s Scott Walker on the 70% marginal tax rate"


    Scott Walker tweet:

    "Explaining tax rates before Reagan to 5th graders: “Imagine if you did chores for your grandma and she gave you $10. When you got home, your parents took $7 from you.” The students said: “That’s not fair!” Even 5th graders get it.


    Ocasio-Cortez reply:

    Explaining marginal taxes to a far-right former Governor:

    "Imagine if you did chores for abuela & she gave you $10. When you got home, you got to keep it, because it’s only $10.

    Then we taxed the billionaire in town because he’s making tons of money underpaying the townspeople."


    Just look at that last sentence. Let it sink in. Who was that guy who was arguing with me that republicans are just as bad as Cortez???


    https://www.marketwatch.com/story/oc...ate-2019-01-15



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  3. #2
    Democrats: Everyone is equal and there should be no discrimination.*


    *Unless you make a lot of money investing which boosts economic growth or you deliver a good or service that a provides so much value that it causes you to make a lot of money. Then screw those people. They should feel lucky to be able to keep anything.

  4. #3
    Maybe we would do better if we told people they had to earn a certain amount of money, even if they have to have two or three jobs to do it. And tax all of it.

    That will make people think twice before they take money from people who make more.
    #NashvilleStrong

    “I’m a doctor. That’s a baby.”~~~Dr. Manny Sethi

  5. #4
    Quote Originally Posted by euphemia View Post
    Maybe we would do better if we told people they had to earn a certain amount of money, even if they have to have two or three jobs to do it. And tax all of it.

    That will make people think twice before they take money from people who make more.
    The wealthy already foot the bill for 80% of the tax base.
    A flat tax makes more sense than the divide and conquer gig, either way, its a shame that
    Trump was unable to fulfill the promise of 'gutting the IRS' .

  6. #5
    Quote Originally Posted by Stratovarious View Post
    The wealthy already foot the bill for 80% of the tax base.
    A flat tax makes more sense than the divide and conquer gig, either way, its a shame that
    Trump was unable to fulfill the promise of 'gutting the IRS' .
    I agree about a flat tax. The progressive income tax is just about the worst law on the books. Are there any other laws that only apply to certain groups? What if we had a 70% tax on asian-americans or muslims or some other group? Laws should apply to everyone.


    "Then we taxed the billionaire in town because he’s making tons of money underpaying the townspeople."

    Look at that. That is one of the most idiotic, immoral, low IQ statements ever written by a politician. It bothers me a little that other morons agree with her. It bothers me a lot that a writer for a well known financial website agrees with her and that the owners of the website published it.
    Last edited by Madison320; 01-15-2019 at 08:49 PM.

  7. #6
    Quote Originally Posted by Madison320 View Post
    I agree about a flat tax. The progressive income tax is just about the worst law on the books. Are there any other laws that only apply to certain groups? What if we had a 70% tax on asian-americans or muslims or some other group? Laws should apply to everyone.


    "Then we taxed the billionaire in town because he’s making tons of money underpaying the townspeople."

    Look at that. That is one of the most idiotic, immoral, low IQ statements ever written by a politician. It bothers me a little that other morons agree with her. It bothers me a lot that a writer for a well known financial website agrees with her and that the owners of the website published it.
    Right , I couldn't agree more;
    People that have worked their @@@@s off or invented cures for disease , computers, or designed
    important gadgets etc , need to be penalized for their gifts and contributions to society....'' we'll beat them for
    their accomplishments by stealing their wealth...''

  8. #7
    A local merchant in a small town is the only place to get supplies within 100 miles. This person calculated that no other stores were anywhere around and took his life savings and invested it in purchasing property, erecting a building, and purchasing inventory. All other people that would go to the store or work at the store are poor. If the town decides to tax the merchant what would happen? The merchant would have to raise prices on all his goods. So the poor people would pay more for everything they would purchase.

    It is not good enough to just tax the rich more. We have to tax the rich more, cap the income of the wealthy, give raises to everyone else, and the most critical component that has been left out of the picture is freeze the costs the merchant charges for his goods. We need to keep those greedy slimy bastards from just passing along their rich taxes to the people! Especially people of color. People of color deserve more!

  9. #8
    Quote Originally Posted by euphemia View Post
    Maybe we would do better if we told people they had to earn a certain amount of money, even if they have to have two or three jobs to do it. And tax all of it.

    That will make people think twice before they take money from people who make more.
    Good idea! All American households must make a minimum of $150k a year to support the Federal government. If they make lower then they are not pulling their fair share and should be taxed at a higher rate to make up the difference. If they make less than the current Federal minimum then all wages should be taken.
    Last edited by phill4paul; 01-16-2019 at 06:27 AM.



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  11. #9
    Personally . my tax paying days are over . Supporting the fed govt is like supporting your brothers deadbeat estranged wife or something , just no satisfaction .
    Do something Danke

  12. #10
    Walker was an idiot for tweeting that though. That's not how marginal tax rates work.

  13. #11
    I do not agree with anything she proposes but maybe it is time we stop defending billionaires. Just look at all the anti-liberty legislation that has been passed backed by the billionaire elites in this country.

    There is a war on against individual liberty by these elites. If you want to win that war it will sometimes be necessary to compromise our values against our enemies to thwart them.

  14. #12
    Imagine making $10. You keep $9 because all income is taxed.

    Now imagine later making $100, but only keeping $30 because applying yourself is penalized.
    Quote Originally Posted by TheCount View Post
    ...I believe that when the government is capable of doing a thing, it will.
    Quote Originally Posted by Influenza View Post
    which one of yall fuckers wrote the "ron paul" racist news letters
    Quote Originally Posted by Dforkus View Post
    Zippy's posts are a great contribution.




    Disrupt, Deny, Deflate. Read the RPF trolls' playbook here (post #3): http://www.ronpaulforums.com/showthr...eptive-members

  15. #13
    Quote Originally Posted by NorthCarolinaLiberty View Post
    Imagine making $10. You keep $9 because all income is taxed.

    Now imagine later making $100, but only keeping $30 because applying yourself is penalized.
    I am totally fine with that if it is for people like this. Every day these billionaires are working against our liberties. In the last 24 hours for example.

    Roku CEO, Anthony J. Wood, Net worth: US$1.13 billion


    Roku Removes Alex Jones' InfoWars After Users Protest
    https://www.hollywoodreporter.com/ne...rotest-1176517

    Sheldon Adelson, Net worth: US$33.3 billion


    U.S. Now Says All Online Gambling Illegal, Not Just Sports Bets
    https://www.bloomberg.com/news/artic...st-sports-bets
    A coalition backed by billionaire casino executive Sheldon Adelson lobbied the Justice Department in 2017 to reconsider its 2011 decision that cleared the way for states to allow online gambling

  16. #14
    Quote Originally Posted by kahless View Post
    I am totally fine with that if it is for people like this. Every day these billionaires are working against our liberties. In the last 24 hours for example.

    Roku CEO, Anthony J. Wood, Net worth: US$1.13 billion


    Roku Removes Alex Jones' InfoWars After Users Protest
    https://www.hollywoodreporter.com/ne...rotest-1176517

    Sheldon Adelson, Net worth: US$33.3 billion


    U.S. Now Says All Online Gambling Illegal, Not Just Sports Bets
    https://www.bloomberg.com/news/artic...st-sports-bets
    There's nothing inherently wrong with being a billionaire. There's no difference between a billionaire lobbying the government and a poor person voting for Occasio-Cortez. Either way the fault lies with the government not the individual trying to influence the government.

    Take that socialist crap over to democratic underground.

  17. #15
    Quote Originally Posted by EBounding View Post
    Walker was an idiot for tweeting that though. That's not how marginal tax rates work.
    Why?

  18. #16
    Quote Originally Posted by Madison320 View Post
    This really pissed me off:

    "Ocasio-Cortez schools GOP’s Scott Walker on the 70% marginal tax rate"


    Scott Walker tweet:

    "Explaining tax rates before Reagan to 5th graders: “Imagine if you did chores for your grandma and she gave you $10. When you got home, your parents took $7 from you.” The students said: “That’s not fair!” Even 5th graders get it.


    Ocasio-Cortez reply:

    Explaining marginal taxes to a far-right former Governor:

    "Imagine if you did chores for abuela & she gave you $10. When you got home, you got to keep it, because it’s only $10.

    Then we taxed the billionaire in town because he’s making tons of money underpaying the townspeople."
    “And the billionaire could underpay because of the illegal immigrants who came to town, flooded the labor market, and put the natives out of work.”
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

    Proponent of real science.
    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.



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  20. #17
    Quote Originally Posted by Brian4Liberty View Post
    “And the billionaire could underpay because of the illegal immigrants who came to town, flooded the labor market, and put the natives out of work.”
    There's reasons why illegal immigrants are bad but providing cheap labor is not one of them. Cheaper labor means cheaper prices so the billionaire doesn't necessarily increase his profits anyway. Cheap labor benefits everyone who buys the cheaper product.

    Think of it this way. If cheap labor is "bad", then "expensive" labor must be "good". Using that logic, minimum wage and laws restricting labor (like you have to be in a union or you have to have a license) would be great for the economy.

  21. #18
    Quote Originally Posted by Madison320 View Post
    There's nothing inherently wrong with being a billionaire. There's no difference between a billionaire lobbying the government and a poor person voting for Occasio-Cortez. Either way the fault lies with the government not the individual trying to influence the government.

    Take that socialist crap over to democratic underground.
    Never said there was and I am not a Socialist. Maybe you should try to read the quotes before replying. These are not simply billionaires and most if not all are enemies of individual liberty of American citizens. They are waging war against you to take your rights and control you. You are ignorant if you think you are going to see this country move further in the direction of limited government if something is not done to oppose the people actually driving this country in the opposite direction.

    You really think your activism is going to stop these billionaire elites from eroding your rights through buying legislation and our politicians day after day, year after year?

    Quote Originally Posted by kahless View Post
    Just look at all the anti-liberty legislation that has been passed backed by the billionaire elites in this country.

    There is a war on against individual liberty by these elites. If you want to win that war it will sometimes be necessary to compromise our values against our enemies to thwart them.
    Quote Originally Posted by kahless View Post
    Every day these billionaires are working against our liberties. In the last 24 hours for example.
    Every day we lose more and more because people fail to recognize who the enemy really is.

  22. #19
    Quote Originally Posted by Madison320 View Post
    There's reasons why illegal immigrants are bad but providing cheap labor is not one of them. Cheaper labor means cheaper prices so the billionaire doesn't necessarily increase his profits anyway. Cheap labor benefits everyone who buys the cheaper product.

    Think of it this way. If cheap labor is "bad", then "expensive" labor must be "good". Using that logic, minimum wage and laws restricting labor (like you have to be in a union or you have to have a license) would be great for the economy.
    Remove the immigrant aspect from it then it makes sense. Otherwise that is a common short sighted belief system that will ensure we will never achieve limited government within the borders of the US.

    It is the essence of a policy that puts Americans last and creates animosity against immigrants. Eventually this leads to the native population being disadvantaged, discrimination or ethic strife against immigrants and the native population eventually becoming an underclass. At that point the native population will not give a damn about your ideology and demand Socialism or a system far worse.

  23. #20
    Quote Originally Posted by kahless View Post
    I am totally fine with that if it is for people like this.
    Well, okay, but the 70% tax proposal for people over 10 million would affect a lot of NBA players and others like them. For example, the Boston Celtics Al Horford, Gordon Hayward, Kyrie Irving, and Marcus Smart make over 10 million per year. Are these the kinds of people in the same category as Zionist Sheldon Adelson?

    I'm not digging into that. If you give up the principle--you're just haggling over price.
    Quote Originally Posted by TheCount View Post
    ...I believe that when the government is capable of doing a thing, it will.
    Quote Originally Posted by Influenza View Post
    which one of yall fuckers wrote the "ron paul" racist news letters
    Quote Originally Posted by Dforkus View Post
    Zippy's posts are a great contribution.




    Disrupt, Deny, Deflate. Read the RPF trolls' playbook here (post #3): http://www.ronpaulforums.com/showthr...eptive-members

  24. #21
    Quote Originally Posted by Madison320 View Post
    There's reasons why illegal immigrants are bad but providing cheap labor is not one of them. Cheaper labor means cheaper prices so the billionaire doesn't necessarily increase his profits anyway. Cheap labor benefits everyone who buys the cheaper product.

    Think of it this way. If cheap labor is "bad", then "expensive" labor must be "good". Using that logic, minimum wage and laws restricting labor (like you have to be in a union or you have to have a license) would be great for the economy.
    There is no guarantee that a business will drop prices because labor is cheaper. If I am a shareholder, I don’t want them to drop prices, I want them to increase dividends. And the executives will want to dip their beaks in the increased profits too.

    People are not widgets, so how much they are paid is not just an over-simplified cost/profit equation. When people don’t get paid enough, they form unions, and then they demand socialism. The current trend towards socialism is a direct result of unemployment, under-employment and stagnating wages. Ignore that at risk of a communist revolution.

    The left is perfectly capability of double-think in this area. They demand higher wages, and at the same time demand a flood of new workers. This is one area where a simple economic equation of supply and demand applies.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

    Proponent of real science.
    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  25. #22
    Quote Originally Posted by kahless View Post
    I am totally fine with that if it is for people like this. Every day these billionaires are working against our liberties. In the last 24 hours for example.

    Roku CEO, Anthony J. Wood, Net worth: US$1.13 billion


    Roku Removes Alex Jones' InfoWars After Users Protest
    https://www.hollywoodreporter.com/ne...rotest-1176517
    When did making a business decision in a private company become anti-liberty?
    We have long had death and taxes as the two standards of inevitability. But there are those who believe that death is the preferable of the two. "At least," as one man said, "there's one advantage about death; it doesn't get worse every time Congress meets."
    Erwin N. Griswold

    Taxes: Of life's two certainties, the only one for which you can get an automatic extension.
    Anonymous

  26. #23
    Quote Originally Posted by Brian4Liberty View Post
    There is no guarantee that a business will drop prices because labor is cheaper. If I am a shareholder, I don’t want them to drop prices, I want them to increase dividends. And the executives will want to dip their beaks in the increased profits too.

    People are not widgets, so how much they are paid is not just an over-simplified cost/profit equation. When people don’t get paid enough, they form unions, and then they demand socialism. The current trend towards socialism is a direct result of unemployment, under-employment and stagnating wages. Ignore that at risk of a communist revolution.

    The left is perfectly capability of double-think in this area. They demand higher wages, and at the same time demand a flood of new workers. This is one area where a simple economic equation of supply and demand applies.
    If the cost of labor drops and that business doesn't drop its prices, they'll go bankrupt from competitors who DO drop their price.

    Are you seriously arguing in favor of laws that drive up the cost of labor?

  27. #24
    Quote Originally Posted by kahless View Post
    Never said there was and I am not a Socialist. Maybe you should try to read the quotes before replying. These are not simply billionaires and most if not all are enemies of individual liberty of American citizens. They are waging war against you to take your rights and control you. You are ignorant if you think you are going to see this country move further in the direction of limited government if something is not done to oppose the people actually driving this country in the opposite direction.

    You really think your activism is going to stop these billionaire elites from eroding your rights through buying legislation and our politicians day after day, year after year?





    Every day we lose more and more because people fail to recognize who the enemy really is.

    You just said you were totally fine with a 70% tax against certain billionaires. What was I supposed to think?



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  29. #25
    Quote Originally Posted by kahless View Post
    Remove the immigrant aspect from it then it makes sense. Otherwise that is a common short sighted belief system that will ensure we will never achieve limited government within the borders of the US.

    It is the essence of a policy that puts Americans last and creates animosity against immigrants. Eventually this leads to the native population being disadvantaged, discrimination or ethic strife against immigrants and the native population eventually becoming an underclass. At that point the native population will not give a damn about your ideology and demand Socialism or a system far worse.
    That's why I said "There's reasons why illegal immigrants are bad but providing cheap labor is not one of them."

  30. #26
    Quote Originally Posted by NorthCarolinaLiberty View Post
    Well, okay, but the 70% tax proposal for people over 10 million would affect a lot of NBA players and others like them. For example, the Boston Celtics Al Horford, Gordon Hayward, Kyrie Irving, and Marcus Smart make over 10 million per year. Are these the kinds of people in the same category as Zionist Sheldon Adelson?

    I'm not digging into that. If you give up the principle--you're just haggling over price.
    Not into that but also realize there is nothing stopping the countries slide further in the direction of statism.

    The thing is many her supporters are poor, middle class and socialist, believing she is going to help them when reality her proposal is a transfer of wealth to green energy elites.
    Last edited by kahless; 01-16-2019 at 02:43 PM.

  31. #27
    Quote Originally Posted by Madison320 View Post
    You just said you were totally fine with a 70% tax against certain billionaires. What was I supposed to think?
    To read the fine print.

  32. #28
    Quote Originally Posted by Madison320 View Post
    Why?
    Because marginal tax rates only tax the dollars earned above a certain bracket amount. I'm certain Walker knows this, so it was purposely deceptive. Bad analogies, deception and going to twitter war against a popular twitterperson don't help.

  33. #29
    Quote Originally Posted by Sonny Tufts View Post
    When did making a business decision in a private company become anti-liberty?
    When the business decision curtails the individual liberty of everyone else.

  34. #30
    Quote Originally Posted by EBounding View Post
    Because marginal tax rates only tax the dollars earned above a certain bracket amount. I'm certain Walker knows this, so it was purposely deceptive. Bad analogies, deception and going to twitter war against a popular twitterperson don't help.
    I know what marginal tax rates are but I don't understand how Walker's tweet was wrong. You still get taxed at a higher rate if you make more money and if you make enough money you approach the 70% rate.

    Here's his tweet:

    "Explaining tax rates before Reagan to 5th graders: “Imagine if you did chores for your grandma and she gave you $10. When you got home, your parents took $7 from you.” The students said: “That’s not fair!” Even 5th graders get it."

    What should he have said to fix it? His basic point is correct that if you make enough money you get taxed at almost 70%.

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