Comments by "" (@jmitterii2) on "AOC Wants To Raise Taxes On Rich And Anderson Cooper Is SHOOK" video.

  1. Stock buy backs were largely illegal until Reagan era 1982, the Securities and Exchange Commission passed rule 10b-18. All expenditures including capital expenditures are excluded from being taxed, so taxes often prompted spending on growth, R&D, or on better equipment. Because they wouldn't be taxed on it if it was spent. Stopped hoarding money for windfalls for do nothing majority shareholders.... they got topped off, and wouldn't want to take more money out of the business to hoard for themselves, and would actually nurture their business more with potentially excess money. Yeah, I think she undersold the positions. And she fell for meaningless jibber jabber... "Goal is to go electric cars in 12 years." "That means higher taxes." How does that necessarily mean higher taxes? She said "Yeah..." and started talking mindlessly about tax increases that had nothing to do with the topic at hand. I would have just said, that has nothing really to do with taxes, we're talking about a goal to push electric cars and have most vehicles go electric in 12 years.... that actually means subsidies to producers and buyers to move that direct faster. When it's time to talk about taxes, its to be specific. News works on idiot sound bites... time to take that bullshit away from them. I would have said my tax strategy is to ensure 80% of the households and individuals who have become more tax burdened over 40 years aren't, and re-shift the tax burden to the upper 10% really 1%. Oligarchy is dangerous. It nearly collapsed our country several times during its inception as a nation. I would start by revoking rule 10b-18, no more stock buy backs. Businesses can start actually spending the money on the business itself R*D and growing and better equipment. Not distributing all the income into a few hoarders pockets. As well as not causing boom bust cycles, which is also insanity. And then I would have explained marginal tax rates vs effective tax rates, because most idiot Americans quite literally don't know this. We're quite literally a nation of idiots. And this I would have taken the spot light by sensationalizing it by saying I have something very important to reveal, since most Americans apparently don't know.. and explain tax brackets. You get their interest, and can explain to them what tax brackets mean. Then explain that these lower tax brackets I would lower those rates which helps you and even to a small extent rich because they pay into the lower brackets first too.... but those making over $500K or more would start to see higher tax rates on income above those amounts. Allowing an aristocracy to get so economically powerful is dangerous for democracy. And I would give them a comparison to Germany, UK, France, Sweden, and Austria on effective taxes for individuals making $50K and families making $110K or less pay lesser taxes than we do particularly when you consider their medical is literally a tax.... they all pay less in effective taxes and insurance premiums and medical cost than we do, and they get more for it. Germany for instance gets even more generous tax credits and deductions on daycare and dependents too. While getting the benefits of a universal healthcare... And this is where I would pivot to healthcare explaining 18 companies so far have been discovered and under investigation for price fixing. Our medicare system doesn't negotiate directly, like all other countries hence why we pay double the per-capita of any other wealthy nation on the same Rx and medical appliances. All this must change. We're being screwed, and I'm here to end it.
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