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Favorite Politican (Usa presidental election 2016)

Discussion in 'Off Topic' started by Hitchens, Dec 15, 2015.

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Fav Politican

  1. Sen. Ben Sanders

    12 vote(s)
    27.9%

  2. Hillary Clinton

    2 vote(s)
    4.7%

  3. Donald Trump

    15 vote(s)
    34.9%

  4. Ted Cruz

    0 vote(s)
    0.0%

  5. Marco Rubio

    1 vote(s)
    2.3%

  6. The biggest idiot ever(Ben Carson)

    0 vote(s)
    0.0%

  7. Chaploo

    13 vote(s)
    30.2%
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  1. EmperorTrump45

    EmperorTrump45 Dank Memer

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    Actually, the rich don't really need to be taxed more on anything aside from capital gains, where they pay a low tax rate compared to what is paid out for regular non-capital income. In my view what needs to be done is that many of the tax loopholes need to be closed so that the 1%'ers and the corporations cannot just skip out on their dues and in some instances get a government tax credit.
     
    #101 EmperorTrump45, Dec 27, 2015
  2. Risabu

    Risabu Active Member

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    Ngl, if I could vote I would vote for the trump machine !
     
    #102 Risabu, Dec 27, 2015
  3. Hitchens

    Hitchens Well-Known Member

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    @Admiral_Munson you misunderstand what i tryed to say. the most basic law of economics (r>g) says that we have to tax the money and wealth billioners and corporations have. not their gains. it says we have to tax their wealth up to 4% per year

    It says (very simple math) that the alredy existing wealth have to be taxed

    Read this book: Thomas Piketty, Capital of the 21st century
     
    #103 Hitchens, Dec 27, 2015
  4. Risabu

    Risabu Active Member

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    You need to provide links or some data when referencing this sort of stuff please.
     
    #104 Risabu, Dec 27, 2015
  5. EmperorTrump45

    EmperorTrump45 Dank Memer

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    I understood exactly what you said. I just disagreed with it. The kind of wealth I was referring too was not material wealth but monetary wealth.
     
    #105 EmperorTrump45, Dec 27, 2015
  6. Hitchens

    Hitchens Well-Known Member

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    We are now in a situation in, in a sitiuation where normal americans, middle-class americans are paying 2 types of taxes. Taxes to the US and taxes to the wealthy. Today 30% off the national income in the us, is kapital gains. That means that all those who earn their income by working are earning just 70% of what their humankapital is worth.

    So i'm asking you @bassmaster6 : do we have to regulate and tax the big companys more or not?

    A bit of theory:
    x = Kapital gains/total income
    y = total kapital/total income = 600%
    z = average kapital gains/total kapital = 5%

    x = yz

    More theory
    B = s/g
    where B is total kapital/total income
    where s is reinvested income/total income
    where g is the inflation on wages

    Using these formulas, we can se that a cutting our budget isn't a good thing. Low inflation means higher B and y. If the value of y is high x will increase, meaning that the very most of the people will se a decrease in their real incomes. Thats what happening today.

    @NomNuggetNom
    @Admiral_Munson

    Ps. Trying to restar this discussion
     
    #106 Hitchens, Jan 3, 2016
  7. EmperorTrump45

    EmperorTrump45 Dank Memer

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    I realize your question was directed at bassmaster but I just wanted to give my own response to it:

    Firstly, existing tax laws need to be enforced. There are far too many loopholes in the current and convoluted tax system that allow big companies to skirt out on paying their share of the load. In other words, far more regulation of the financial and business sector is needed.

    However more taxes are, by and large, not necessary since greater tax enforcement would generate a great deal more money. Furthermore, more taxes on the wealthy and powerful would not only decrease competition but it would those drive businesses away from our shores and could possibly increase the price of goods at home. Remember, high tariffs and other taxes on goods only served to worsen the post World War I depression.

    Additionally, not all loopholes should be closed. In fact, I would like to see tax exemptions for small and large businesses if they were to do things that contribute back to society rather than take away from it. For instance, I am in favor of giving tax breaks to a large corporation that wants to build a development somewhere if part of that development could be used for low income housing for homeless families.
     
    #107 EmperorTrump45, Jan 3, 2016
  8. Hitchens

    Hitchens Well-Known Member

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    It would increase the prices at home, but the real inflation would be higher than the inflation on prices.
    It would make the real wages grow by 30%
     
    #108 Hitchens, Jan 4, 2016
  9. EmperorTrump45

    EmperorTrump45 Dank Memer

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    I am not sure where you are getting specific figures like 30% from for starters. Secondly, not true, higher corporate taxes actually depress wages rather than raise them in a globalized economy since corporations will simply slash worker pay in order to maximize profits. This was not an issue in the fifties or sixties since American companies could freely dominate the market as most of the competition had been blown to pieces in WW2.

    What is really needed is a minimum wage hike (to 15 dollars an hour over a period of time as Bernie has been saying) so that workers can actually start earning a living wage in this country. WalMart can get away with paying its workers roughly 8.80$ an hour (including part time workers) and a minimum wage hike would significantly change that. Also, America really needs to reevaluate its trade deals (NAFTA, CAFTA, and the TPP) considering that they allow wages to become depressed in America by trading good paying jobs here for fifty cent an hour jobs in China and Mexico.
     
    #109 EmperorTrump45, Jan 4, 2016
    Last edited: Jan 4, 2016
  10. BAWSS5

    BAWSS5 Well-Known Member

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    I agree with all of that.

    I'm all in favour of tax breaks for corporations, provided that they are for either charitable reasons or for entrepreneurs.
     
    #110 BAWSS5, Jan 4, 2016
  11. Hitchens

    Hitchens Well-Known Member

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    30% comes from the formula x = yz i explained earlier. 30% = 600%*5%
    The real increase of wages would be 30% if 0% of the Total income would be kapital gains.
    The real increse of wages in a more reralistic scenario would probably be around 15-20%

    It depends on what we do with the money. If we reinvest them it would actually increase the wages.
    But yeah, we should talk about the quality of life, not the income.

    Very simple math shows that taxing the most wealthy and the big companys more would increase the wages(middle class and lower)
    x = yz * total-tax(say taxrate of 50%)
    x = yz * 0.5

    yz
    x = ---
    2
    so the wages would increase, depending on how much we increase the taxes. (this is actually a bit more complicated)

    This would decrease the % of kapital gains of the total income.
    I prefer this instead:

    B = s/(g + taxes)
    the tax rate would be calculated in this way:
    B = optimal kapital/total income (say around 300-400% lets use 350% in our calculations)
    350% = s/(g + taxes).
    So the taxes would be low in times with high inflation and high in times with low inflation.(s is around 8%)
    So the current tax rate on kapital should be:

    for those with the smallest kapital
    350% = 8%/(1.5%+taxes)
    (1.5% + taxes) = 8%/350%
    1.5% + taxes = 2.2%
    taxes = 0.7%

    and for those with the largest kapital
    r = g+taxes
    5% = 1.5% + taxes
    1.5% + taxes = 5%
    taxes = 3.5%
     
    #111 Hitchens, Jan 5, 2016
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