Comments by "Dan A" (@DanA-nl5uo) on "Historian Calls Out Global Elite on Tax Avoidance" video.

  1. We have to tax the rich they have all the money.
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  2.  Frederic Bastiat  wrong they have the money because they rewrote the tax code. You clearly didn't listen to how the tax code in the 60s encouraged them to invest in growth today it encourages them to invest in off shore banks and investments after taking the profits out of the company through dividends and stock buybacks.
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  3.  Glory to God  you are 100% backwards on progressive taxation. If you tax higher earners more on their earnings the incentive is to reinvest the earning of the company into the business. If you have a flat tax there is no incentive to reinvest the earning into the company the incentive is to pull them out of the company and use them for personal income. This is easy to verify all you have to do is look at the CEO compensation vs re investment in the companies from the 40s through today. What you will see is CEO compensation and shareholder gains skyrocketed in the 80s when trickle down economics was invented by the GOP. But from the 40s to the late 70s we had the golden age of growth in this country when we had top marginal tax rates peaking at 90%. The data is out there you just have to study history and not listen to the pludocrats who only want to protect their wealth and power. Oh and it is interesting that you think Republican President Dwight D. Eisenhower was a "commie" because we had the highest taxes under his administration.
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  4.  Frederic Bastiat  wrong again. Productive growth comes from the increase in worker efficiency not the share holders efforts in buying stocks. How exactly does buying stocks make the workers more productive in their 8 hour shift?
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  5.  Glory to God  even Jeff Bezos doesn't believe he earned his wealth. He refures to it as winning not earnings.
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  6.  Glory to God  so you admit higher skilled workers not higher skilled CEO but yet you defend the CEO getting the money not the worker. Seems like you only half understand the situation.
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  7.  Glory to God  there is no way Jeff Bezos earns $4,475,885 per hour. Sorry but that isn't earnings it is robbery of his workers.
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  8.  Glory to God  your questioning if the post WWII era was called the golden age of growth in the USA shows your lack of knowledge on the subject. You need to do your homework and study the history of taxation in this country before I will waste any more time discussing this with you because you don't have a good understanding of the topic. You are just arguing pro corporate talking points. Honestly it makes you look ignorant and brainwashed.
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  9.  Frederic Bastiat  so why did we have the golden age of growth when the top marginal tax rate was 90% and the age of outsourcing when the gop implemented trickle down economics? Stock buybacks don't grow companies they extract wealth and add to income inequality.
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  10.  Frederic Bastiat  wrong the golden age of growth in the USA was post WWII from 1940 to 1970. You are talking about the expansion across the country.
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  11.  Frederic Bastiat  wages have been stagnant for the last 4 decades. If you think otherwise you are looking at stats that avg the wages of Jeff Bezos and buddies with that of the working class.
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  12.  Frederic Bastiat  here is an article about the wages over the time frame you think they have grown with trickle down economics. Spoiler alert you are wrong there has definitely not been 60% wage growth. https://hbr.org/2017/10/why-wages-arent-growing-in-america
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  13.  Frederic Bastiat  so you are saying 42% was perfectly acceptable for the wealthy and corporations the effective rate today for Amazon was negative. Same with FedEx. I would be happy to see them go back to an effective rate of 42%.
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  14.  Frederic Bastiat  if you want to talk about things we didn't pay for in the post WWII era you can add out bloated military budget to the list we spend over a trillion dollars a year on defense once you track down all the different budgets. We didn't build border walls. We didn't have ICE. I could go on with how the right wing loves big government if you like. But you are perfectly happy to see the country become a fascist police state.
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  15.  Frederic Bastiat  Amazon is plowing it's profits into Jeff Bezos Per hour, he makes a whopping $8,961,187 million — that's roughly 315 times Amazon's $28,466 median annual worker pay.
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  16.  Frederic Bastiat  at the same time both FedEx and Amazon are dependent on federally funded airports and highways for their business model. But you are ok with paying the salaries of the air traffic controllers that they depend on for their planes to fly that next day delivery across the country. Or paying for the highways and bridges their heavy trucks do the majority of the damage to. Interesting how you don't think they need to pay taxes to cover the burden they place on our society.
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  17.  Frederic Bastiat  wow you are stupid. That new technology required more skills to use. See an engineer is paid more then a day laborer on a farm picking vegetables not because the engineer has 3 arms but because he has more skills. The same is true with the modern worker allowing more productivity in the modern workforce. If you only believe workers are just arms and legs you have no clue about the modern workforce.
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  18.  @lewistaylor2858  actually the government created the money. But the laborers working for Amazon collected it from the economy and brought it into the company through their hard work. Jeff Bezos didn't create  $149,353 of new money every minute last year. He knows he doesn't earn that money it is why he calls it winnings not earning. Because he know the people working for his company did the hard work which pulled that wealth out of the economy Jeff Bezos was just fortunate enough to skim away the fruits of their labor.
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  19.  Frederic Bastiat  that tractor also requires far more skill to operate than the shovel which is what you have to pay the workers for.
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  20.  Frederic Bastiat  but yet you defend the fact that the Barrons of Industry take the profits not passing on higher wages. Incomes in America have been stagnant for 4 decades while income inequality has grown thanks to tax cuts for the wealthy and the mindset that they barons of industry should get the profits from increased worker productivity not the workers. That was the point. So I am glad you realize that Jeff Bezos didn't create that wealth it was infact a result of the entire labor force he hired and worked to the point that they can't even take bathroom breaks for fear of not making their productivity quota.
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  21.  Frederic Bastiat  pull out your wallet and look at that government issued currency you will quickly realize it was made by the federal government. If anyone else is actually printing money you better report them to the FBI because it is illegal.
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  22.  Frederic Bastiat  except that if you check the value of a US dollar vs the number of dollars in circulation you will quickly find out your basic ecominic theory is wrong.
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  23.  Frederic Bastiat  sorry but if you don't understand the value of the dollar I won't waste my time any more on a 10 month old discussion
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