General Discussion

Jack Valentino

(5,376 posts)

47. A 50 percent tax is only slightly more than half of the taxes upon the richest people in this country

Thu Jun 4, 2026, 10:38 PM

Jun 4

after World War II, even when Republican Eisenhower was President !
(when the highest tax rate was about 90 percent)

And the country BOOMED during those incredibly high (relatively) tax rates
on the very wealthy during the 1950's and 1960's!

"TAX THE RICH" is one of the MOST POPULAR POLITICAL POSITIONS of the Democrats---
and even my Republican best friend agrees with that!!!---
but the Republican politicians have profited from their never-ending policy of
tax cuts, MOSTLY going to the very rich---
it's a form of "MONEY LAUNDERING"---

Republicans cut taxes on the very rich, and the very rich reciprocate
by donating a fair percentage of their tax savings to
the Republican party and GOP candidates, on the taxpayers' dime!

And, even though every poll I have ever read about, supports raising taxes on the rich,
across all party repondants including the majority of Republican rank and file---
most Democratic candidates and incumbents have been TOO TIMID to RUN on it!---
(especially since many Democratic incumbents ALSO became addicted
to corporate political financing!)

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Bernie Sanders is on CNN NOW......and he's got new glasses........he is saying the US population should get at least [View all] a kennedy Jun 2 OP

I wish politicians were smarter about bubbles WSHazel Jun 2 #1

Really? MadameButterfly Jun 2 #3

I will try, but I recommend Ed Zitron WSHazel Jun 3 #23

could you include a link, please? rurallib Jun 3 #26

Here is one link, there are many more WSHazel Jun 3 #28

THanks. This is fascinating MadameButterfly Jun 3 #31

Nvidia Betty Boom Jun 2 #5

In 1998, a broker gave me similar advice DFW Jun 3 #14

I've purchased other stock over the years, but never had one go as crazy as this one did Betty Boom Jun 3 #19

It's a spectator sport for me as well DFW Jun 3 #20

Capital gains tax in Germany (Kapitalertragsteuer ie KESt) Celerity Jun 3 #32

I wouldn't have had the patience to look that up, so tack skall du ha! DFW Jun 4 #34

If we had listened to Bernie in the first place we wouldn't be in this mess. Hassin Bin Sober Jun 2 #2

I think too many people listening to Sanders in the first place is why we are in this mess to begin with. W_HAMILTON Jun 3 #13

If only Harry Reid hadn't been able to talk Sanders out of primarying Obama in 2012. betsuni Jun 3 #17

Exactly mvd Jun 3 #15

Yep nt Rob H. Jun 3 #27

50% isn't enough if they steal my work MadameButterfly Jun 2 #4

Adapt. Adjust Betty Boom Jun 2 #6

My cannonball factory has been pretty slow for a while now.....BUT AZ8theist Jun 3 #10

Replacing old inventions with new inventions MadameButterfly Jun 3 #30

There is no such thing as original anything Betty Boom Jun 3 #33

If that was true, we'd all still be scratching our asses staring at a blank cave wall. meadowlander Jun 4 #35

That is the best explanation I've ever seen for what is going on, MadameButterfly Jun 4 #39

Originality, influence, and innovation Betty Boom Jun 4 #45

Innovation is an artist (or inventor, or...) responding to art that exists, and creating something new MadameButterfly Jun 5 #48

We could have an interesting conversation about Picasso.... CTyankee Jun 4 #37

We likely could Betty Boom Jun 4 #44

What if AI is doing what artists have always done? Betty Boom Jun 4 #46

Artists being influenced by art that has come before MadameButterfly Jun 4 #38

Thanks for your thought-provoking and rational response Betty Boom Jun 4 #43

Once AGI is better than humans at all labor that generates value in a capitalist society, there is no job to adjust to. meadowlander Jun 4 #36

50% of a negative number is a negative number WSHazel Jun 3 #29

Andrew Yang was ahead of his time. Emile Jun 2 #7

Boy was he ever! calimary Jun 2 #8

OMG....WANG/Sanders!!!!!! Seriously....2028!!!!! a kennedy Jun 3 #12

Wang/Sanders 2028. a kennedy Jun 3 #16

Financing shouldn't be hard to obtain for an Independent run DFW Jun 3 #21

Sorry, but remember he's not a Democrat gulliver Jun 3 #9

you really need to get over that MadameButterfly Jun 4 #40

I'll give your advice about what I need to get over... gulliver Jun 4 #42

I do not have any good answers to any of this. I used to tell people if you state of stupid Jun 3 #11

You don't think robots can fix robots? Emile Jun 3 #22

Yes, there is no doubt that can be done. I also wonder at what point we have to state of stupid Jun 3 #25

That's the problem MadameButterfly Jun 4 #41

We shoudl set up a basic income Matthew28 Jun 3 #18

This has been coming since the 1980s. Blue Full Moon Jun 3 #24

A 50 percent tax is only slightly more than half of the taxes upon the richest people in this country Jack Valentino Jun 4 #47