Notrealname
Mouseketeer
- Joined
- Nov 25, 2019
No joke. Wealth of the top 1% is in excess of $35 trillion, add in the top 10% and it’s close to $75 trillion. No need to hit the savings of the unwealthy, aka just regular folks.
The government could take all retirement accounts and totally wipe the national debt with a few trillion left over! Everyone can just live off social security right? It would be extremely solvent at that point! Especially if is for the greater good?You may be joking, but this situation may hasten what's been gradually moving towards ripening for a long time. We're now reaching the point where the first large wave of people who are approaching retirement without traditional employer provided pensions are approaching retirement that will be largely funded via 401k retirement plans. It's only been a matter of time for the taxman to reach out and take an overly generous first bite of that juicy apple.
No joke. Wealth of the top 1% is in excess of $35 trillion, add in the top 10% and it’s close to $75 trillion. No need to hit the savings of the unwealthy, aka just regular folks.
The government could take all retirement accounts and totally wipe the national debt with a few trillion left over! Everyone can just live off social security right? It would be extremely solvent at that point! Especially if is for the greater good?
Why do you keep saying this? Is this preferable to you over taxing the wealthy?The government could take all retirement accounts and totally wipe the national debt with a few trillion left over! Everyone can just live off social security right? It would be extremely solvent at that point! Especially if is for the greater good?
I think it is a more likely scenario.Why do you keep saying this? Is this preferable to you over taxing the wealthy?
Both are exceedingly unlikely, but if the right things happen in November, who knows?I think it is a more likely scenario.
Brian Williams MSNBCI think that was a joke. Some news guy said it a while ago.
Also, smaller economy may be a poor choice of words. I have actually seen Open up the economy or Open up America. My point was neither the economy nor America are closed. Most are still working. Some businesses are closed. Yes, they need to reopen eventually but the economy (and America) are still open. We didn't close.
I think it is a more likely scenario.
Did you not get a tax cut or did you lose your subsidy from your State overtaxing you?I sure didn't get a tax cut in 2017. That is why I will save any money the government "gives" me. I just assume they will want it back at some point.
So, how do you explain the incredible growth with the relaxation of regulations? If anything we saw how too much regulation stifled the economy previously. I just don’t get how and why some people spend so much time focused on why things aren’t fair. Life isn’t fair. Momma told me. Go out there, work hard get the most out of life you can. Enjoy it. Eventually get sick and pass on. It’s life. You aren’t entitled to any guarantees no matter what some slippery politician on either side tells you.
Did you not get a tax cut or did you lose your subsidy from your State overtaxing you?
No joke. Wealth of the top 1% is in excess of $35 trillion, add in the top 10% and it’s close to $75 trillion. No need to hit the savings of the unwealthy, aka just regular folks.
LOL - Really? First, those numbers are wrong. Second, we are talking about taxing wealth, not income.According to the Wall Street Journal, it takes about $300,000 to be in the top 1%. It takes about $90,000 to be in the top 10%. I realize that everyone closes their eyes and imagines that the top 1% or now top 10% are flying private jets to their private islands but that isn't the case.
LOL - Really? First, those numbers are wrong. Second, we are talking about taxing wealth, not income.