Clinton - Raise Taxes on the Middle Class!

[Ben]

Some would say it's her aged mind going, even though she was apparently on a teleprompter. Others would call it an innocent mistake. I'll call it a Freudian slip. :)

http://townhall.com/tipsheet/leahbarkoukis/2016/08/04/whoops-clinton-promises-to-raise-taxes-on-the-middle-class-n2201668

[TommyGunn]

Didn't she suffer a concussion awhile back?   Perhaps some damage was done to her  brain. 
I'm sure she has one,  because she hasn't forgotten how to breath.

[RocketMan]

Read something a few days ago from the DNC regarding this subject.  It laid out Clinton's tax plan in detail.  She does indeed intend to raise taxes on the middle class.  It wasn't a Freudian slip.

[roo_ster]

The coalition of the top + bottom acting against the middle is common as dirt throughout history.

[TommyGunn]

The coalition of the top + bottom acting against the middle is common as dirt throughout history.

Huh?    Usually everyone cheers when the policritters want to soak the evil rich.

[roo_ster]

Huh?    Usually everyone cheers when the policritters want to soak the evil rich.

Off the top of my head:
1. English Civil War: aritstos & peasantry vs rising middle class
2. Rome: Caesar / demogogues + unemployed masses vs urban middle class and small land holders.
3. 20th & 21st century America & Europe: Affluent & elite climbers with credentials + dirt poor & minorities vs the American middle class
4. USSR: Trtskyites, Leninsts, and Stalinists + peasantry vs the kulaks

Those are just off the top of my head.

[TommyGunn]

Off the top of my head:
1. English Civil War: aritstos & peasantry vs rising middle class
2. Rome: Caesar / demogogues + unemployed masses vs urban middle class and small land holders.
3. 20th & 21st century America & Europe: Affluent & elite climbers with credentials + dirt poor & minorities vs the American middle class
4. USSR: Trtskyites, Leninsts, and Stalinists + peasantry vs the kulaks

Those are just off the top of my head.

Ok....I never lived in those places and times.....all I recall is policritters wanting the evil rich to pay "their fair share" .....despite their being in the highest tax bracket already.

What can I say?   I've  led a  very sheltered life.... .

[roo_ster]

Ok....I never lived in those places and times.....all I recall is policritters wanting the evil rich to pay "their fair share" .....despite their being in the highest tax bracket already.

What can I say?   I've  led a  very sheltered life.... .

The very rich have enough money & influence not to pay the way those just a rung or two down the ladder will.  They can play marxist games and trust-fund revolutionary without having to pay the cost.  They can holler "Soak the rich" all day long and it won;t cost them a dime.  And besides, high tax/high-reg regimes cast the current social status in amber.  So, if everyone does pay a bit or all are made poorer by taxes/regs, the very rich at the top will remain hte richest at the top.

[bedlamite]

https://www.youtube.com/watch?v=7ua13_gYQn0

[TommyGunn]

The very rich have enough money & influence not to pay the way those just a rung or two down the ladder will.  They can play marxist games and trust-fund revolutionary without having to pay the cost.  They can holler "Soak the rich" all day long and it won;t cost them a dime.  And besides, high tax/high-reg regimes cast the current social status in amber.  So, if everyone does pay a bit or all are made poorer by taxes/regs, the very rich at the top will remain hte richest at the top.

The very  very rich, perhaps.....but the lower 50%   of income earners pay no income tax and often receive  some type  of taxpayer paid  aid. 
There are  very few people in those real  high bazillion dollar wealth.......and if they are receiving no paychecks they  don't pay income tax  they pay 15%  tax on what their portfolios earn.   However, not all people who are in that situations are bizarrely wealthy;  I receive most of my income from what my stocks & bonds earn,  and trust me,  I ain't rich!
There are plenty of business owners and such  who have a lot of wealth,  often tied up in properties,  as well.
Policritters love going after them without any care as to the harm they really do.
I wonder how many people inherit their parents' farms and  businesses  only to have to sell it all to pay inheritance taxes?   "Theft under colour  of the law,"  is what I consider  THAT to be.

[Firethorn]

However, not all people who are in that situations are bizarrely wealthy;  I receive most of my income from what my stocks & bonds earn,  and trust me,  I ain't rich!

We already sort of have 2 tax brackets for qualified dividends and such.  We could add a couple more.  My preference would be to mirror the earned income side.

I wonder how many people inherit their parents' farms and  businesses  only to have to sell it all to pay inheritance taxes?   "Theft under colour  of the law,"  is what I consider  THAT to be.

Not that many, actually.  There's a lot of exemptions to the laws built in there, and there's ways to manage the stuff to avoid most of the taxes.  Especially if not ALL the assets are tied into the business - you can keep the business and sell the stock portfolio, for example.  Worst case, you can have what a business my father used to work for that was transitioning to employee owned - take a loan against the equity in the business(which would have to be substantial or you're not paying taxes on it) to pay the taxes.

I'm generally against estate taxes as is, but that doesn't mean that the situation is that bad.

[TommyGunn]

We already sort of have 2 tax brackets for qualified dividends and such.  We could add a couple more.  My preference would be to mirror the earned income side.

Not that many, actually.  There's a lot of exemptions to the laws built in there, and there's ways to manage the stuff to avoid most of the taxes.  Especially if not ALL the assets are tied into the business - you can keep the business and sell the stock portfolio, for example.  Worst case, you can have what a business my father used to work for that was transitioning to employee owned - take a loan against the equity in the business(which would have to be substantial or you're not paying taxes on it) to pay the taxes.

I'm generally against estate taxes as is, but that doesn't mean that the situation is that bad.

It's getting pretty   bad.....and if Clinton wins in November it will get worse.

[wmenorr67]

It's getting pretty   bad.....and if Clinton wins in November it will get worse.

That is why regardless of which critter is in the White House, Congress stays in the R control.

[HankB]

Some would say it's her aged mind going, even though she was apparently on a teleprompter. Others would call it an innocent mistake. I'll call it a Freudian slip. :)

Like when Obama talked about his Moslem faith?  https://www.youtube.com/watch?v=bMUgNg7aD8M

[Doggy Daddy]

Some would say it's her aged mind going, even though she was apparently on a teleprompter. Others would call it an innocent mistake. I'll call it a Freudian slip. :)

http://townhall.com/tipsheet/leahbarkoukis/2016/08/04/whoops-clinton-promises-to-raise-taxes-on-the-middle-class-n2201668

Nahh, she know's exactly what she was saying.  Listen to the crowd's response, they're all for it.

[tokugawa]

Lessee, zero care doubles medical premiums and deductibles, real inflation running 10% year, 35 % of the population on welfare, unemployment measured by the old methods around 20 %, no wonder business is slow.

 And now the witch wants more money.