Trump Tax Passes Senate

[Madner Kami]

Honestly I have no solution to the problem of people acquiring wealth and hoarding it for generations

There's nothing inherently wrong with inheriting posessions. The troubles come from accumulating capital and thus, power. We invented democracy to remove a "too much of power" from singular individuals, because we realized that this is an inherently bad idea, especially and in particular, when that power is inherited. See a parallel there?

[TGLS]

what is sick though is that on top of those taxes their are personal income taxes, which always struck me as double dipping.

This has more to do with the tendency to shift towards corporations over sole proprietorships and other more traditional structures of businesses. Depending on how much money the owner draws from their business and how much is reinvested, it can be better to operate as a sole proprietorships (i.e. just add the profits onto your tax, no corporate tax) or as a corporation (pay corporate tax on profits, then personal tax on dividends).

[Admiral X]

So what I'm getting from this is that everyone should vote Libertarian. :p

[ORCACommander]

oh hell no admiral. the human animal seeks to forge chains when it can not find them and the complete lack of government libertarians desire just makes petty tyrants on a local level.

well tgls income structures and net worth these days have become rather convoluted but you are right in that one of the pillars of modern oligarchs i that their businesses are effectively immortal as long as they have cash flow.

[G-Man]

I wonder how many people know that Steve Bannon is headlining a fundraiser for Republican Congressman Lee Zeldin, who voted against the House version of the tax bill - he agreed to it after Paul Ryan pulled out.

I think the liberals are going to wish that Bannon (who also proposed a top rate of 44% - current top rate is 39.6%) were still a Trump adviser.

[Fuzzy Necromancer]

A country that allows this, is a country that has given up on democracy and a society of equals.

We are not equals , we never were. We should be equals in front of the law. What makes you think people are equals? We do not have the same abilities.

...

We hold these truths to be self-evident, that all men are created equal,

[Fuzzy Necromancer]

Good to see us finally switching to a tax system that doesn't deride success and hinder business growth. The bill ain't perfect of course, but is an improvement. My biggest issue is that the GOP have yet to indicate how they are really going to pay this off in terms of the deficit. As someone who is conservative both fiscally and socially, it would be heavily disappointed if the Republicans fail to address this in the budget.

Idk what people are saying about Dems being pushed out of the loop on this tax bill. It should be well known knowledge by now that the Democratic Senators and Reps were never going to vote for a bill that would further Trump's agenda. And there was clearly not going to be any compromise or bipartisanship on this tax bill. The Dems are an obstructionist party now, their only goal is to stop anything Trump or the GOP wants, and that they are doing quite well.

Bolding mine.

Your party spent the entire 8 years of the Obama administration road-blocking everything they could for spite's sake, up to and including blocking a supreme court nominee they already agreed was a good candidate just so that their party could nominate one instead. You have no moral high ground here.

As for the budget...prepare to be dissapointed. Near as I can tell, massive debt is a feature, not a bug. Throw out tax cuts like hard candy at a shriner's parade, run up a huge deficit, and then use that deficit as an excuse for massive austarity measures.

"Deride success and hinder business growth."

So you want the rich to keep getting richer and the poor to languish in squalor?


Your party roadblocked everything because it's Us or Them. The democrats are opposing this bill becuase Trump can't tell his ass from his elbow and his political experience consists of shouting "Your fired!" on reality TV and sneaking into Miss Teen America dressing rooms.


Also...did you not SEE the link? The hand-scribbled additions and last-minute changes?

[Fuzzy Necromancer]

I wonder how many people know that Steve Bannon is headlining a fundraiser for Republican Congressman Lee Zeldin, who voted against the House version of the tax bill - he agreed to it after Paul Ryan pulled out.

I think the liberals are going to wish that Bannon (who also proposed a top rate of 44% - current top rate is 39.6%) were still a Trump adviser.

No, he's a horrible, horrible Nazi. Anyway, any Trump adviser lasts as long as a spoiled child in a magical candy factory.

[Karha of Honor]

A country that allows this, is a country that has given up on democracy and a society of equals.

We are not equals , we never were. We should be equals in front of the law. What makes you think people are equals? We do not have the same abilities.

...

We hold these truths to be self-evident, that all men are created equal,

We know what they really meant and what it meant in practice. Equal in front of the law.

[Fuzzy Necromancer]

A country that allows this, is a country that has given up on democracy and a society of equals.

We are not equals , we never were. We should be equals in front of the law. What makes you think people are equals? We do not have the same abilities.

...

We hold these truths to be self-evident, that all men are created equal,

We know what they really meant and what it meant in practice. Equal in front of the law.

... so what in Madner Kami's post are you arguing with exactly? Because "society of equals" sounds like "equal under the law" to me.