US Politics

SwansonsTache said:
70% tax on income over $10m in the US?

That level of taxation would be radical in Scandinavia, in the US it is simply unrealistic.

Either the capital will find a way to sneak around it while remaining in the US, or they will move somewhere close and take their wages \ dividends from subsidiaries not based in the US.
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70 % may seem excessive, but not when you understand the history. Back in thee 1950s and 60s the top marginal tax rate was as high as 90 %, and the economy was doing great then. Also, this 70 % doesn't factor in loopholes and deductions, so the actual tax rate will be lower.
 
SwansonsTache said:
70% tax on income over $10m in the US?

That level of taxation would be radical in Scandinavia, in the US it is simply unrealistic.

Either the capital will find a way to sneak around it while remaining in the US, or they will move somewhere close and take their wages \ dividends from subsidiaries not based in the US.
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I sometimes wonder whether the idea of capital flight is overstated: are there any models on the likelihood and extent of this for, say, every percent point hike on marginal income tax? I was under the impression US citizens have to pay US taxes anyhow even if their earnings are overseas?
 
Here is a US conservative talk radio update for the day

"Democrats have just moved too far left. Howard Schultz is what the Democrat party should be"

"People that like Alexandra Ocasio-Cortez should like Trump because Trump is doing what she wants to do"

"Young people and millennials are more pro-life than the media admits. They are pro-life because science not religion. The media is biased to not recognize how the majority of young people are pro-life"

"Kamala Harris is far left"
 
Ubik said:
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Bwhahaha:lol: Is he becoming senile? I was actually thinking he'd know better than to say such stuff out loud. This is as nuclear ammo for the Dems as it gets. Time to grab some popcorn...
 
oneniltothearsenal said:
Here is a US conservative talk radio update for the day

"Democrats have just moved too far left. Howard Schultz is what the Democrat party should be"

"People that like Alexandra Ocasio-Cortez should like Trump because Trump is doing what she wants to do"

"Young people and millennials are more pro-life than the media admits. They are pro-life because science not religion. The media is biased to not recognize how the majority of young people are pro-life"

"Kamala Harris is far left"
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This prolife debate is nuts. I'm pro-life but for my own fecking family. Not pro-life for the county/town/state/country. Many millenials may be pro life but they also should be respectful when someone else doesn't want a kid. It's fecking stupid.
I hope Cortez runs when she is eligible and takes all the fecking gold in the trump tower tbh
 
fishfingers15 said:
This prolife debate is nuts. I'm pro-life but for my own fecking family. Not pro-life for the county/town/state/country. Many millenials may be pro life but they also should be respectful when someone else doesn't want a kid. It's fecking stupid.
I hope Cortez runs when she is eligible and takes all the fecking gold in the trump tower tbh
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Sounds like pro choice, mate.
 
oneniltothearsenal said:
Here is a US conservative talk radio update for the day

"Democrats have just moved too far left. Howard Schultz is what the Democrat party should be"

"People that like Alexandra Ocasio-Cortez should like Trump because Trump is doing what she wants to do"

"Young people and millennials are more pro-life than the media admits. They are pro-life because science not religion. The media is biased to not recognize how the majority of young people are pro-life"

"Kamala Harris is far left"
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I hate the term pro-life, they are clearly pro-birth and don't care about life.
 
RedChip said:
I was under the impression US citizens have to pay US taxes anyhow even if their earnings are overseas?
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Yep. That's FATCA. Now, people may be able to hire professionals that can help them hide foreign income but that's not for me to speculate on.
 
The Trump Administration Will Let Adoption Agencies Turn Away Jews and Same-Sex Couples. Thank SCOTUS.


In 2014, the Supreme Court dramatically expanded the Religious Freedom Restoration Act to let for-profit corporations deny contraceptive coverage to employees on the basis of their owners’ Christian beliefs. The 5–4 ruling in Burwell v. Hobby Lobby prompted a now-famous dissent by Justice Ruth Bader Ginsburg, who condemned the court’s decision to use RFRA, a law originally intended to protect religious minorities, to legalize discrimination. “No tradition,” Ginsburg noted, “and no prior decision under RFRA, allows a religion-based exemption when the accommodation would be harmful to others.” Through Hobby Lobby, the court had transformed RFRA from a shield into a sword, creating a license to discriminate with no clear limitations.

On Wednesday, the Trump administration proved Ginsburg right. In a decision of startling breadth, the Department of Health and Human Services declared that, under RFRA, a federally funded foster care agency in South Carolina has a right to discriminate against non-Christians, closing its doors to would-be parents of different faiths. As Ginsburg predicted, the administration’s interpretation of the law has no limiting principle: It all but announced that taxpayer-funded adoption and foster care agencies may now engage in flagrant discrimination without consequence, so long as they state a religious rationale for their actions. The grim future that Ginsburg foresaw in Hobby Lobby has arrived.


The path of Wednesday’s decision began when Miracle Hill Ministries, a Christian foster care agency, refused to work with multiple applicants who did not share its beliefs. Miracle Hill turned away a Jewish woman eager to mentor children in foster care because she was not Christian. It also rejected same-sex couples because their sexual orientation did not align with its religious values. In response, the South Carolina Department of Social Services warned Miracle Hill that it could lose its license if it “intends to refuse to provide its services … to families who are not specifically Christians from a Protestant denomination.”

At that point, Republican Gov. Henry McMaster intervened, issuing an executive order granting adoption and foster care agencies the right to discriminate on the basis of religion. But a problem remained: A federal rule also prohibits HHS-funded agencies like Miracle Hill from engaging in discrimination on the basis of, among other things, religion and sexual orientation. So McMaster petitioned Steven Wagner, principal deputy assistant secretary at HHS’s Administration for Children and Families, to grant Miracle Hill an exemption. Wagner, a veteran of the George W. Bush administration’s “faith-based initiatives” program, promised McMaster’s staff that he was “pushing this hard” at HHS. And on Wednesday, Wagner granted the request in a four-page letter that amounts to an earthquake in federal civil rights law.
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https://slate.com/news-and-politics...-rqcLPhZhlGmudOWj5CGu0X6t0Y9LQx23lIK62VNwjq6k
 
freeurmind said:
I honestly don't get this anti-vacci thing. If this was happening in Africa, it would be said it's because people are backwards and lack education. What's the excuse for these people?
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You answered your own question.
 
freeurmind said:
I honestly don't get this anti-vacci thing. If this was happening in Africa, it would be said it's because people are backwards and lack education. What's the excuse for these people?
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Location has nothing to do with backwardness and lack of education.
 
MTF said:
I can already start thinking of fun ways to disguise net worth, and I'm not even any sort of tax expert.
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What was your list of the most egregious rent-seekers? I am still interested in hearing that.
 
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