Biden has surrounded himself with the most diverse group of idiots ever assembled. Non are qualified for the cabinet positions they hold. It is DEI run rampant. They each fill a quota slot in the diverse category (one category isn’t brains!).
The only way around the trade deficit is bring manufacturing home (you have to make it affordable/desirable for the manufacturer). The other thing needed is an import embargo of foreign goods.
So why should wealth derived from high income be taxed again? Every dollar you siphon out of the productive economy (even from the rich) and give to bureaucrats… harms us all, especially the middle class.
All poor people should fight for lowering the taxes on the rich. All the good things in society come from the hyper-productive and the biggest beneficiaries of that work are the poor. Government doesn’t do shiat for the poor. My own sister is taxed on her $19/hour job at Dick’s Sporting Goods. Don’t forget who your enemy is.
Certain things are critical to national security though. The ability to manufacture our own steel is one of them.
What are you going to do with steel if you don’t have oil? Make tanks that don’t run? Biden drained our strategic reserves and refuses to replenish them. Here is a liberal media source: Biden administration delays plans to restock nation’s emergency oil reserve | PBS News
We produce tons of oil stateside.
I know, I have an oil rig in my yard. But tariffs put us at a huge risk. Every dollar we give to government makes us economically vulnerable because for every dollar we give them, they spend two. If steel and oil are important to national security, finance is.
Tariffs cost us money. But we do need to maintain U.S. development and production of certain things. Steel, semiconductors, food, and oil/gas are just a few of them. We also need to maintain adequate and updated production facilities of all types as they can be converted during wartime to produce critical items.
I think we are having two different conversations. I don’t support a wealth tax. You asked if I thought it was fair for the top1% who earn nearly 30% of the income should pay 46% of total taxes.
Tell your sister to start a business, ideally one that incurs a loss, and she can write it off on her taxes.
Real estate is a good option; it’s a depreciable asset that appreciates in value.
Well, using your word, they “earned” that 30% of the income. They didn’t just get it for nothin’. Why should they be punished so horrifically for being industrious? 46% of the taxes are paid by 1% of the population. That just isn’t right.
What’s a good number for you?
Zero. I think there should be a cap on taxes if you employ a certain number of people. Perhaps for every dollar of taxes your employees pay, you get a 10 cent deduction. Thus if your employees are paying 10 times the taxes you owe… you owe nothing. Incentivize hiring and paying well.
But no, we financially punish job creators with absurdly high taxes. That harms all Americans.
If that’s not palatable, then give us an option on our tax returns to pay the money to the IRS or destroy it out of existence. We should be allowed to pay our taxes by opting to have the money extinguished and taken out of the monetary supply. That would help the poor as well by deflating the money supply. Paying taxes harms us all, but paying them to government makes it twice as harmful.
So are we talking personal income or business income?
I still think we’re having two different conversations, because it seems as though you are saying that a business owner should have absolutely no personal tax debt and that the poor and middle class should still pay into taxes. Isn’t that what started this conversation?
I agree… 
Well, for most business owners there isn’t a lot of difference. But I’m sure it could be worked out where we are somehow financially incentivized to provide good-paying jobs. Right now, we aren’t. I have to pay taxes to cut a paycheck. That’s disincentivizing employers and job creators.
But if we can’t do that, at least allow us a choice on our tax returns for the money to go to the government or be destroyed. I wouldn’t even mind paying taxes if I knew the payments were destroyed out of existence - because that helps Americans. What happens now is that our money is used to harm Americans. They take our money and use it to hire potentially great employees out of the market and turn them into bureaucrats. Those employees are now not available to be productive members of society. But they still need a roof over their heads and they still eat food. So they chew up resources with our money without producing anything. And on top of that they buy stuff for the government. They need buildings and chairs and printer ink and retirements. All that waste reduces supply along with the loss of production from those people being plucked out of the productive economy. That causes inflation which is great for someone like me, but horrible for the poor.
Does anyone not think that current inflation is a direct result of lower demands during the “pandemic”, and now companies are trying to recover their losses during that time by raising prices? It’s a simple Econ 101 course to find the answers, but many never took it or understood it if they did.
Creating demand for housing.
Creating a demand for consumer goods.
Creating more demand for consumer goods.
Creating even more demand.
Ok, I can agree with you on this. Let them save for their own retirement.