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Hillary: Tax the rich, corporations, and more government spending

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  • Hillary: Tax the rich, corporations, and more government spending

    Well, she said it today. I figure she'll flip on this tomorrow.

    http://www.msn.com/en-us/news/politi...Kz&ocid=SMSDHP

    First, she embraced the “Buffett rule” – the argument that the wealthiest Americans should have to pay at minimum a higher effective tax rate. Second, Clinton wanted to signal to Sanders and her other sharp critics in the liberal wing that – despite her reputation for coziness with Wall Street and acceptance of large speaking fees from Goldman Sachs – she wasn’t reluctant to slap big banks, hedge fund operators and other wealthy investors with higher taxes and fees.

    Third, she underwrote most of the cost of her social and economic agenda by raising taxes on the wealthiest Americans, without driving up the debt too much or rocking the economy. Clinton was something of a piker compared to Sanders in promoting her agenda. Even so, her long term programs include new infrastructure construction, paid family leave, early childhood education, college tuition relief and expanded health care coverage, just to name a few.
    In summation: More Obama-style crippling of the economy.

  • #2
    The amount of money she has accepted from big business ought to ensure that this promise has no chance of reality.

    Which is good. Taxing the rich beyond a certain point is counter-productive.
    Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

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    • #3
      Even before she has the chance to "Soak the Rich," the death taxes on the Prince Estate will take over half of what the Government declares his estate is worth. And, that is before the lawyers consume the rest in the upcoming fight for what is left. https://www.prlog.org/12555846-death...es-estate.html

      Once she does, the destruction of productivity in this country will become complete as business and the rich flee the country for tax havens elsewhere.
      http://www.actionamerica.org/taxecon/ticktick.shtml
      http://www.cbsnews.com/news/a-record...g-citizenship/
      “Breaking News,”

      “Something irrelevant in your life just happened and now we are going to blow it all out of proportion for days to keep you distracted from what's really going on.”

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      • #4
        Originally posted by Arnold J Rimmer View Post
        The amount of money she has accepted from big business ought to ensure that this promise has no chance of reality.

        Which is good. Taxing the rich beyond a certain point is counter-productive.
        But taxes will certainly go up.
        As will spending.
        Avatar is General Gerard, courtesy of Zouave.

        Churchill to Chamberlain: you had a choice between war and dishonor. You chose dishonor, and you will have war.

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        • #5
          Us corporation tax is already one of the highest in the world. Raising it further would be insane.
          "To be free is better than to be unfree - always."

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          • #6
            Originally posted by T. A. Gardner View Post
            In summation: More Obama-style crippling of the economy.
            Unfortunately there's going to be no way of avoiding that with Trump and Hillary as the nominees, as Trump has basically echoed a similar plan. Tax the rich, cut in one area just to spend more in another. Continued entitlements, etc. Seems like as Americans we have no choice on what direction we can take the economy and true fiscal conservatism is dead.

            The following isn't my quote, but thought it was pretty accurate and worth sharing:

            If you like your socialism with fewer minorities and less feminism, Trump is the Hillary for you.
            "Those who would give up Essential Liberty to purchase a little Temporary Safety, deserve neither Liberty nor Safety."
            - Benjamin Franklin

            The new right wing: hate Muslims, preaches tolerance for Nazis.

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            • #7
              Originally posted by Cambronnne View Post
              But taxes will certainly go up.
              As will spending.
              Definitely. And the economy will suffer.
              Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

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              • #8
                Originally posted by Arnold J Rimmer View Post
                Definitely. And the economy will suffer.
                One solution is to push the SBDC. And get small business rolling, We can turn this around with innovation and growth...
                Credo quia absurdum.


                Quantum mechanics describes nature as absurd from the point of view of common sense. And yet it fully agrees with experiment. So I hope you can accept nature as She is - absurd! - Richard Feynman

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                • #9
                  I don't see raising the rates for the wealthy, but cutting down on their deductions. I also would like to see these wealthy people and corporations paying taxes on their offshore operations. There is real money there!

                  Since Bill and Hilary have become millionaires after Bill left office, I would be interested in finding out how much of that has been taxed? Have they donated any of their non-taxable income to the IRS?

                  I don't trust her. She has been able to dodge taxes and yet she will raise taxes on the people who pay? I bet she and Bill will get all kinds of donations from people seeking exemptions and deductions.

                  Pruitt
                  Pruitt, you are truly an expert! Kelt06

                  Have you been struck by the jawbone of an ASS lately?

                  by Khepesh "This is the logic of Pruitt"

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                  • #10
                    Originally posted by Bwaha View Post
                    One solution is to push the SBDC. And get small business rolling, We can turn this around with innovation and growth...
                    That would help. But small business won't pick up the slack. We need the big boys in order to remain viable in the global market.
                    Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

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                    • #11
                      Consumers pay all business taxes. Any business that expects to survive must treat taxes like any other cost of doing business and are usually calculated into the price they charge its customers. Consequently...consumers, not business owners, ultimately pays for all business taxes.
                      "Stand for the flag ~ Kneel for the fallen"

                      "A wise man can learn more from a foolish question than a fool can learn from a wise answer." ~ Bruce Lee

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                      • #12
                        Originally posted by Cambronnne View Post
                        But taxes will certainly go up.
                        As will spending.
                        But taxes cannot increase too much because that becomes counter-productive. We are already at the tipping point of the few paying for the many in several critical areas, most notably Social Security. A few workers now have to support many SS retirees, and that kind of economics cannot continue indefinitely.

                        It's the same with income taxes linked to government spending. It's a Ponzi scheme based on a constantly increasing tax base, which in turn requires a constantly increasing workforce to pay those taxes, and that has been the case for decades now. The work force is shrinking due to automation, down-sizing, businesses failing and the resultant recessive economy as a whole.

                        The Democratic solution is simply to go further and further into astronomical national debt, which ultimately leads to a massive national failure of the kind Greece and Puerto Rico are facing right now.

                        Our national survival depends on reigning in spending and creating jobs, neither of which the Democrats really care much about.
                        Quis Custodiet Ipsos Custodes? Who is watching the watchers?

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