Democratic Nominee in 2020

Poll
No votes (0%)
4 votes (18.18%)
2 votes (9.09%)
1 vote (4.54%)
No votes (0%)
1 vote (4.54%)
1 vote (4.54%)
8 votes (36.36%)
2 votes (9.09%)
3 votes (13.63%)

22 members have voted

March 11th, 2020 at 4:46:50 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 135
Posts: 18222
Quote: Gandler
You mean you know more than actual self-made billionaires who support it?


Zuckerberg, Musk, and Gates?
They are true American billionaires.....


And clueless about basic economics then.
The President is a fink.
March 11th, 2020 at 4:47:42 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 135
Posts: 18222
Quote: Dalex64
If you take money away from people who are not going to spend it, and give it to people who are going to spend it, then the economy will improve.


Not really. It means investment will crash. You cannot create wealth by stealing from some to give to others.
The President is a fink.
March 11th, 2020 at 5:03:40 PM permalink
kenarman
Member since: Oct 24, 2012
Threads: 14
Posts: 4530
Quote: Dalex64
If you take money away from people who are not going to spend it, and give it to people who are going to spend it, then the economy will improve.

Who are these people that are not going to spend their money?
"but if you make yourselves sheep, the wolves will eat you." Benjamin Franklin
March 11th, 2020 at 5:43:07 PM permalink
Dalex64
Member since: Mar 8, 2014
Threads: 3
Posts: 3687
Quote: kenarman
Who are these people that are not going to spend their money?


You aren't familiar with the concept of people saving money?
"Everyone is entitled to his own opinion, but not to his own facts." Daniel Patrick Moynihan
March 11th, 2020 at 5:45:54 PM permalink
kenarman
Member since: Oct 24, 2012
Threads: 14
Posts: 4530
Quote: Dalex64
You aren't familiar with the concept of people saving money?


So you are proposing the government takes away your savings and give it to those who live pay cheque to pay cheque?
"but if you make yourselves sheep, the wolves will eat you." Benjamin Franklin
March 11th, 2020 at 5:51:29 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 135
Posts: 18222
Quote: kenarman
So you are proposing the government takes away your savings and give it to those who live pay cheque to pay cheque?


Of course not. They are proposing "the rich" have their money stolen and they get a check.
The President is a fink.
March 11th, 2020 at 5:52:19 PM permalink
Dalex64
Member since: Mar 8, 2014
Threads: 3
Posts: 3687
Quote: kenarman
So you are proposing the government takes away your savings and give it to those who live pay cheque to pay cheque?


Uhm, yeah. It's called taxation and income redistribution, exactly what happens today, but instead of funding some "program" which is spending the money, it is an individual is spending the money.

I don't know what kind of gotcha game you are trying to play. I freely agree that any flat percentage tax or progressive tax is income redistribution from the wealthy to the poor. The only question is who is spending the money.
"Everyone is entitled to his own opinion, but not to his own facts." Daniel Patrick Moynihan
March 11th, 2020 at 5:54:39 PM permalink
Dalex64
Member since: Mar 8, 2014
Threads: 3
Posts: 3687
Quote: RonC
I wonder what the level of wealth would be for these thresholds to kick in...


I think the turnover point from net receiver to net contributor would be at around 60 or 70 thousand dollars for individuals.
"Everyone is entitled to his own opinion, but not to his own facts." Daniel Patrick Moynihan
March 11th, 2020 at 5:55:31 PM permalink
Dalex64
Member since: Mar 8, 2014
Threads: 3
Posts: 3687
I think a higher minimum wage would cost less.
"Everyone is entitled to his own opinion, but not to his own facts." Daniel Patrick Moynihan
March 11th, 2020 at 5:58:28 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 135
Posts: 18222
Quote: Dalex64
I think a higher minimum wage would cost less.


Know what would cost less than that? If people put in effort to learn skills that let them earn more money instead of waiting for the government to do something for them.
The President is a fink.