thom w wrote:
Can you see no differences? Thank you for staying civil. I expected you would, but some wouldn't have. I would v**e for him if I thought he could do what he says he will. I think others may be more effective. I know we disagree very strongly. I hope it doesn't mean we have to be enemies. So far it doesn't seem so. Many of your posts, mostly from a while ago, indicate you are pretty well informed, probably more than I, even if that isn't a good measurement. I have a hard time understanding how someone as informed as you often seem to be can stake out positions as strongly as you seem to.
Can you see no differences? Thank you for staying ... (
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Thom, Bernie is punitive in his approach and his attitude, I have no problem with dealing with those who abuse the system but that is not Bernie's approach, his corps are bad and they need to pay their fair share... It is so silly, after 2 decades of watching US corps flee this country he is going to go after them and make it even harder for them to operate here.
Bernie's proposals will cost this country some 5+ Trillion dollars each year, just where is all that money going to come from? Remember, it is not just socialized medicine (3.2 Trillion/yr) but it is also free 4 year education, an infrastructure deal, and the t***sformation of our energy sources. It is a pipe dream and just how is Bernie going to pay for all these things?
So he goes for business and corporations.... How well is that going to really work Thom? He will also go for the so called wealthy, yeah there are people out there with too much money but I think that we need to be really careful in how we approach that... I think that it is interesting that you folks, or actually both sides don't ever think productively in how do we approach these issues when the solutions are so simple.
Thom, I don't know if you watched the Fox Townhall for Bernie last night but I did and a couple of things struck me about what he said. First, he was b***hing about Amazon not having to pay Taxes last year on billions of dollars of profit, why is that Thom, how is it that Amazon can make Billions of dollars in profit yet have no tax liability? Our tax laws just don't work Thom and simply raising the taxing rates or disallowing a few write offs does not work either.
I personally don't think that we should be taxing corporate profits at all, why do we tax the producers and the jobs creators? I know that your hair is probably standing on end at reading this but just follow me for a few moments longer. There are all kinds of bad things that come from the way we tax corporations and businesses such as Amazon not paying taxes on billions of dollars because of all types of credits and write offs contained in the tax code that is thousands of pages long. But that is not all, consider this, I was watching a millionaire on TV tonight, one of those who thinks he should be taxed more, his income last year was well over $1,000,000 and he was speaking of the unfairness of our system, I have to agree, it really pisses me off that hedge fund managers and folks like Warren Buffet or Bill Gates are paying taxes that often don't even approach 20% of their incomes, but again why is that? Because of double taxation, the thought is that because the corp in which they hold stock has already paid income taxes on the profits from which their dividends are drawn then they should be taxed at a substantially lower rate than income earners because they have already paid a significant tax bill out of their income source. But what if those corps didn't have a tax bill to justify that reduction in tax rates? It is no secret that the mega rich are making their money on Wall Street and paying these low tax rates. It is for this reason that I support VAT taxes in lieu of corporate taxes, tax the income at a reasonable rate and forget about taxing their incomes. It is the consumer who is paying those taxes anyway when they purchase goods and services, just get it in the open and simple without all the lobbying and corruption that surrounds the current code.
On the flip side I support flat taxes period, a flat percentage of income with the only deductions being personal exemptions that allow the government to set acceptable levels for taxing on families to begin, for example a flat rate of lets say 25% of income with no deductions other than personal deductions which serve to help working families that are not making huge incomes. IE, a personal deduction of lets say $12,500 means that a family of four would pay no taxes until they earn $50,001 and then it would only be $0.25 on that dollar over $50,000. If that same family earned $100,000 they would pay $6,250 but a millionaire earning $2,000,000 would pay $493,750 and it does not matter how they earned it because all income, investment or otherwise is taxed equally.
Bernie does not come up with thoughtful solutions, he comes to us with anger and socialist rhetoric that will never work in this country. The other thing about Bernie is that he is a guy who thinks he knows all that there is to know, not the kind of guy that is going to ever acknowledge a mistake or a problem in his agenda, he will steam roll his agenda forward and when the negative impact of his taxation and regulations begin to effect the economy Bernie will just continue down his path with out notice of the disruption he is creating. Bernie would be more inclined to nationalize industries rather than to accommodate them. What he is proposing to do to the healthcare industry in my mind is totally unconstitutional, I don't know where in the constitution the authority to completely take over an entire sector of the private economy.
A leader like Bernie would destroy our economy just as Castro did in Cuba, as Chavez did in Venezuela, just as has happened in Argentina, even the Nordic countries that you folks so like to point to are actually more capitalistic in many ways than we are and they are now confronting the fact that they can no longer support many of their entitlements....
If we tax in a manner that would accomplish 1/2 of what Bernie and many others on the left are proposing then clearly our economy would greatly suffer. When the economy suffers people suffer.
PS When Bernie was asked about being a millionaire he was like fuck you for asking, if you want to be a millionaire write a best seller, when asked why he only paid a 23% tax rate he let out that he used a small business write off, apparently he incorporated to get the lower tax rate, when asked why he only gave 3% to charity he had little to say, when asked if his new found success was not the result of capitalism he said no. Then he went off on Donald Trump about his taxes....
He is a small angry man with a bad plan.