Biden's Eviction Moratorium Order May Not Be Enough

[Colt]

For the time being I'm going to assume your'e debating in good faith...

Income Inequality - Inequality.org

You aren’t debating in good faith. I debunked your claim that the rich don’t pay their fair share of income tax in America. You’ve moved on to income inequality. But while we are here I will debunk that to. Attempting to equilibrate unequal efforts through the wealth confiscation and redistribution schemes of trickle down government repeatedly enriches government contractors while subsidizing mediocrity.

 

[McBell]

You aren’t debating in good faith. I debunked your claim that the rich don’t pay their fair share of income tax in America. You’ve moved on to income inequality. But while we are here I will debunk that to. Attempting to equilibrate unequal efforts through the wealth confiscation and redistribution schemes of trickle down government repeatedly enriches government contractors while subsidizing mediocrity.

I sincerely hope that you are not claiming that post #17 "debunked" something.

Opinion | The Rich Really Do Pay Lower Taxes Than You

 

[Colt]

I sincerely hope that you are not claiming that post #17 "debunked" something.

Opinion | The Rich Really Do Pay Lower Taxes Than You

I provided the facts about total fed income tax paid, you provided an opinion piece which omits the math facts I provided.

 

[McBell]

I provided the facts about total fed income tax paid, you provided an opinion piece which omits the math facts I provided.

Now provide the facts concerning the loopholes, deductions, etc.
Or perhaps you did not read the very first paragraph?

Did you even open the link or did you see the word "opinion" in the link name and start jumping up and down?

 

[Colt]

Now provide the facts concerning the loopholes, deductions, etc.
Or perhaps you did not read the very first paragraph?

Did you even open the link or did you see the word "opinion" in the link name and start jumping up and down?

The facts I provided are not based on cherry picking 400 people at the top and deductions available to them, it takes the total $3+ Trillion Fed tax income and divides up into categories what percentages tax payers actually paid.

I did read your opinion piece, the basis of the slanted presentation is the acknowledgment of the discredited theory that taxation can be used to create equality.

 

[icehorse]

You aren’t debating in good faith. I debunked your claim that the rich don’t pay their fair share of income tax in America. You’ve moved on to income inequality. But while we are here I will debunk that to. Attempting to equilibrate unequal efforts through the wealth confiscation and redistribution schemes of trickle down government repeatedly enriches government contractors while subsidizing mediocrity.

We'll have to disagree on whether you debunked anything

What I'm truly curious about is why you personally want to defend the current tax structure? It's almost certainly the case that your life is negatively impacted in many ways because of the income and wealth inequalities in the country.

 

[Colt]

We'll have to disagree on whether you debunked anything

What I'm truly curious about is why you personally want to defend the current tax structure? It's almost certainly the case that your life is negatively impacted in many ways because of the income and wealth inequalities in the country.

Because I'm not bitter towards or jealous of rich people.

The 3,000,000+ young people who quit our free schools each year in America aren't going to do as well as those who stayed in school, invested in higher education and manage their resources wisely. The improvident have always expected the rich to subsidize them.

Free markets and lower taxes increase business activity which increases tax revenue. But the U.S. government is the greediest most irresponsible entity on earth which hasn't been able to live within its own means for ages.

 

[icehorse]

Because I'm not bitter towards or jealous of rich people.

The 3,000,000+ young people who quit our free schools each year in America aren't going to do as well as those who stayed in school, invested in higher education and manage their resources wisely. The improvident have always expected the rich to subsidize them.

Free markets and lower taxes increase business activity which increases tax revenue. But the U.S. government is the greediest most irresponsible entity on earth which hasn't been able to live within its own means for ages.

I believe that successful innovators and inventors ought to be well rewarded. That said, the companies they create make HEAVY USE of the infrastructure, and it's only fair for them to pay for the upkeep.

We can look back to the 1950s as an example of a BOOMING economy, a large and prosperous middle class, and extremely high tax rates on the rich. The rich did just fine, thank you.

I would ask you to watch the this short video, and I'd be curious to hear your thoughts:

The summary is that the rich can remain rich ONLY if we have a healthy middle class.

 

[Revoltingest]

I believe that successful innovators and inventors ought to be well rewarded. That said, the companies they create make HEAVY USE of the infrastructure, and it's only fair for them to pay for the upkeep.

And businesses do pay for that upkeep.
I pay a lot in property & income taxes.

We can look back to the 1950s as an example of a BOOMING economy, a large and prosperous middle class, and extremely high tax rates on the rich. The rich did just fine, thank you.
[/MEDIA]

Were the rates that much higher in the 50s?
The question is which rates to judge by.
The published rates, or the effective rates after
reducing & sheltering income using the tax
avoidance tools of the day?
One way to examine the real rates is to compare
tax revenue vs GDP. How has this changed since
then?
Tax Rates vs. Tax Revenues
Excerpted...

 

[Colt]

I believe that successful innovators and inventors ought to be well rewarded. That said, the companies they create make HEAVY USE of the infrastructure, and it's only fair for them to pay for the upkeep.

We can look back to the 1950s as an example of a BOOMING economy, a large and prosperous middle class, and extremely high tax rates on the rich. The rich did just fine, thank you.

I would ask you to watch the this short video, and I'd be curious to hear your thoughts:

The summary is that the rich can remain rich ONLY if we have a healthy middle class.

Kennedy cut those high taxes which increased net revenues! You're welcome! (and of course its not your taxes that you are volunteering to be raised!)

Revenue Act of 1964

Impact

"The stated goals of the tax cuts were to raise personal incomes, increase consumption, and increase capital investments. Evidence shows that these goals were exceeded by large degree with the combination of tax cuts and domestic spending programs President Johnson advocated, such as Medicare.[11] Unemployment fell from 5.2% in 1964 to 4.5% in 1965, and fell to 3.8% in 1966.[11] [12] Initial estimates predicted a loss of revenue as a result of the tax cuts, however, tax revenue increased in 1964 and 1965.[11][13]

Revenue Act of 1964 - Wikipedia.



Companies do pay for infrastructure as well as create the wealth. They pay 7.5% of SS as well as the incomes that get taxed. Government doesn't create products, they take wealth and redistribute it inefficiently.

The Left has an anti-business, punitive attitude.

 

[icehorse]

And businesses do pay for that upkeep.
I pay a lot in property & income taxes.

Yes, you and I do. Bezos and Zuckerberg and their ilk do not

Were the rates that much higher in the 50s?
The question is which rates to judge by.
The published rates, or the effective rates after
reducing & sheltering income using the tax
avoidance tools of the day?

It's my understanding that after all the loop holes then and now, the rich were paying a lot more then.

I'm not sure how bringing the GDP into the discussion helps? That seems like an independent metric, because I thought the focus here was on how the burden is shared, no?

 

[icehorse]

Companies do pay for infrastructure as well as create the wealth. They pay 7.5% of SS as well as the incomes that get taxed. Government doesn't create products, they take wealth and redistribute it inefficiently.

Am I right to infer that you're proposing that trickle down is a better approach?

The Left has an anti-business, punitive attitude.

I pay more taxes than Wells Fargo. Sorry if you think that my opinion on that fact feels punitive to you. Maybe grow a thicker skin?

As I said earlier, I think innovators and inventors should be well rewarded. Did you not notice that?

 

[Revoltingest]

Yes, you and I do. Bezos and Zuckerberg and their ilk do not

How do you know this?

It's my understanding that after all the loop holes then and now, the rich were paying a lot more then.

I gave evidence suggesting otherwise, ie, revenue vs GDP.

I'm not sure how bringing the GDP into the discussion helps? That seems like an independent metric, because I thought the focus here was on how the burden is shared, no?

Tax rates apply only to taxable income. But that
can be heavily altered by tax avoidance tools,
eg, accelerated depreciation (something ditched
under Reagan). To look at tax rates without
considering the rest of the tax code paints an
inaccurate picture.
The tax tables are just a couple pages in a tax
code well over 100,000 pages.

I favor lower tax rates without avoidance tools
that create dysfunctional incentives.

 

[icehorse]

How do you know this?

These Billionaires Want The Ultra-Wealthy To Pay More In Taxes

The tax tables are just a couple pages in a tax
code well over 100,000 pages.

agreed, and that's why i think it's more useful to bring wealth into the conversation, and that's why, earlier in this thread, I attempted to broaden the topic from taxes to include wealth.

 

[Revoltingest]

These Billionaires Want The Ultra-Wealthy To Pay More In Taxes

Could you summarize your link based argument?

agreed, and that's why i think it's more useful to bring wealth into the conversation, and that's why, earlier in this thread, I attempted to broaden the topic from taxes to include wealth.

I dislike that one pays taxes on the income that create wealth,
& then would pay a tax on that wealth. But if it's real estate,
there is indeed that wealth tax already.

 

[icehorse]

Could you summarize your link based argument?

You asked how I knew that the rich don't pay enough taxes. The article says that many billionaires AGREE that they don't pay enough taxes. Buffett being one example.

 

[Revoltingest]

You asked how I knew that the rich don't pay enough taxes. The article says that many billionaires AGREE that they don't pay enough taxes. Buffett being one example.

This doesn't quantify things.

 

[Twilight Hue]

...
Julián Castro, who was secretary of Housing and Urban Development under President Barack Obama, told USA TODAY the patchwork of eviction moratoriums at all levels of government exposes renters to gaps in the system.

...

The problem is renters aren't automatically covered under the federal eviction moratorium.

To avoid eviction, a tenant is required to provide their landlord with a signed copy of the CDC declaration.

As a result, Diane Yentel, who leads the National Low Income Housing Coalition in Washington, D.C., said marginalized renters, such as lowest-income people, seniors without internet access, immigrants or others for whom English is not their first language are leaving their homes at an alarming rate.

...

Matthew Desmond, a sociologist at Princeton University in New Jersey and director of the Eviction Lab, a centralized public database that tracks evictions nationwide, tweetedlast week thatfamilies often will mistakenly "see an eviction notice as an eviction order."

View attachment 47458

In Milwaukee, in 34% of cases in which a tenant received an eviction notice, they moved without going to court, said Desmond.

As of Jan. 23, the Eviction Lab found landlords have filed 227,396 evictions during the pandemic in 27 cities that keep digital records.

...

Another issue is that Biden's eviction moratorium protects only people who have been directly affected by the pandemic.

"If you’re an essential worker being paid $7.25 and were on the brink of eviction on Feb.1, 2019, the CDC eviction moratorium doesn’t allow that person to receive a stay on an eviction because they don’t qualify," said Andreanecia Morris, executive director of HousingNOLA, a community-led advocacy group out of New Orleans.
​

Joe Biden's federal eviction moratorium may not protect all renters​

There is ALOT more information in the link...

Too bad there can't be a reasonable solution for both tenets and landlords.

 

[Revoltingest]

Too bad there can't be a reasonable solution for both tenets and landlords.

The fed can make loans available to renters.

 

[Twilight Hue]

So called oligarchs in America or (the rich) already pay most of the Federal income taxes. That's the problem, Americans live in ignorance about these facts. They just keep hearing Leftist parrot that the rich don't pay their "fair share".

The only problem is that most taxes are offset and passed down to others.

The wealthy pay, but they don't since the expense is continually passed down.

The adage of using other people's money.