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Comments by "CatsRule" (@1133saginaw) on "Economist warns about ‘terrible double taxation’ facing Americans" video.
Tariffs are taxes.
11
Millionaires would love your idea. It would raise taxes for the middle and lower classes and benefit the rich. Wonderful.
2
@raymondkassay3610 Tariffs were the only way to fund the government back in McKinley's time. It's before the income tax. Do you really want to pay $30 for a dozen eggs? Tariffs are a very regressive tax. Rich people get off scot free.
2
How about raising taxes on the rich? In the 50's and 60's they paid 70%. electing billionaires in government is the worst thing that could possibly happen. We are going entirely in the wrong direction.
2
How about making rich people pay their share? They should be paying more, not less. This whole idea of having billionaires run the government is such a lousy idea, one has to remind himself to breathe.
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How about making rich people pay their share? They should be paying more taxes, not less. This whole idea of having billionaires run the government is such a lousy idea, one has to remind himself to breathe.
2
@MalefaxTheBlack The Chinese are busy building bridges and roads in third world countries , while we cruise around in our 13 billion dollar aircraft carriers. Who do you think is going to win a trade war?
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Rich people are way, way, way undertaxed. You are getting what you voted for. There is a reason Elon Musk is running the show. Get used to it.
1
@kathydillon4564 Trump added something like 8 trillion dollars to the deficit. It's not just the Dems.
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@kathydillon4564 Are you referring to running the government?
1
@bite-sizedshorts9635 The US has a severe labor shortage - soon to get worse if Trump kicks Mexicans out.. Who would make the stuff? Musk wants to open the borders to Indians.
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@MalefaxTheBlack That was back when we had a temporary military.
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@fanomapage2091 The rich paid 70% tax in the 50's and 60's. They didn't have 200' yachts in those days. Make them pay. What we did have in the 50's and 60's was a thriving middle class. Inventers? Musk wants to bring in the Indians to do that.
1
We don't send trillions overseas.
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@sandtrapwarrior Trump was elected because he promised far more than he plans to deliver - just like last time.
1
Trump has plans to clean up the economy? That's news to me. Do you happen to know what he's proposing? He promised to increase oil production, as if that is some kind of fix. It isn't a fix. Prices didn't rise due to lack of oil.
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@lhome8680 The GOP is running congress. I would say they are involved.
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What was Trump's track record regarding Covid? He's not capable or interested in cleaning up anything. His focus will be solely to lower taxes for the super rich. That's his plan.
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How about if we talk about taxing the rich? In the 50's and 60's they were taxed 70%. Now they are taxed less than most Americans. That is why we had a thriving middle class 50 years ago. That all ended under Reagan and we have been sinking lower ever since.
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@Ziegfried82 There's not enough gold in the universe to support our economy. Talk about inflation. You are right about the rich not paying the 70%, however. I don't think the EPA had that much to do with with the auto industry. The US just built crappy cars. Remember the Nova? I don't think trading with China was harmful either. Moving manufacturing over there was. They stole our manufacturing secrets.
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@Ziegfried82 I think the GOP got rid of the inheritance tax entirely. They get a free ride on that one too.
1
You want to turn over the whole economy to the super rich? Most of those "hoops" are designed for a purpose. Otherwise, they will take everything.
1
As opposed to economic collapse under Trump? We were in recession when he left office.
1