all 44 comments

sorted by: hot top controversial new old
[–] 33 points 2 months ago

op is a repost bot btw

  • source
  • [–] 21 points 2 months ago (5 children)

    Social Security is literally the easiest problem in DC to solve. All we have to do is raise the Income Cap.

    Right now, we pay SS contributions on the first $185,000 in income, and nothing after that. That means anyone making less than $185K pays SS on 100% of their income, but the wealthy only pay it on their first $185K of income, and they pay NOTHING after that.

    There is no reason at all that we couldn't raise the cap to $250K, $500K, $1 million, or even remove it altogether, and make them pay it on their entire revenue. That would solve the probleM, FOREVER.

    That's literally all it would take. These corrupt treasonous MAGA pedophiles like Graham, and others (Mike Lee, Rick Scott, Nancy Mace, etc) would raise contributions, cut benefits, or even end SS altogether, sending millions of people into desperate poverty and homelessness, just so obscenely wealthy people don't have to pay the annual equivalent of a pack of gum, and pretend it's what's best for America.

  • source
  • hideshow 5 child comments
  • [–] 7 points 2 months ago* (3 children)

    It would also be laughably easy to solved the billionaire income tax problem.

    If the total amount of loans you've taken out using investment vehicles as collateral is over a certain variable, it's taxed as both income and a realized gain.

    Something like, 100x the take home pay of the bottom 20% of workers, which is about $1.6m. Maybe have an exclusion if the loan is for a primary residence if you have no other real-estate holdings.

    This also has the added benefit of them needing to pay people more to get cheaper loans.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 3 points 2 months ago (1 child)

    We could also just go after unrealized gains, like we already do with property tax.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 1 point 2 months ago

    The problem is that number is constantly changing. Property taxes have assessors who determine the value and it's a relatively infrequent change.

    By tying it to a loan, you have the value at a point in time where both parties agreed the assets are worth the amount of the loan.

  • source
  • parent
  • [–] 1 point 2 months ago

    If the total amount of loans you’ve taken out using investment vehicles as collateral

    The banks would simply re-write their lending policies to not require such collateral from ultra-high-net-worth individuals. No collateral, no tax on said collateral.

    What we need is a securities tax, payable not in dollars, but in shares of the taxed security. No need for the ultra-wealthy to liquidate their holdings; we'll have the IRS offer shares comprising no more than 1% of total traded volume of each security, so as to minimize market influence. If it takes 10 years or 200 years to liquidate the taxed shares at this rate, so be it.

    Natural persons can exempt the first $10 million of their portfolios; no exemptions for artificial "persons" (corporate shareholders). With a sufficiently high tax rate, shares of the "means of production" (and their associated voting rights) become a valuable asset to the working class, but a significant liability to the ultra-rich.

  • source
  • parent
  • [–] 21 points 2 months ago (1 child)

    Lindsey Graham's current thoughts on Social Security are somewhat more quiet.

  • source
  • hideshow 1 child comment
  • [–] 14 points 2 months ago*

    Guess she won by just outliving him. GGWP

  • source
  • [–] 13 points 2 months ago

    "They're literally exactly the same."

    • Insane people
  • source
  • [–] 9 points 2 months ago (1 child)

    Dead men tell no tales. One grave closer to a better world.

  • source
  • hideshow 1 child comment
  • [–] 7 points 2 months ago*

    Thinking also of when Warren Buffet said his secretary paid a higher income tax rate than he did.

  • source
  • [–] 6 points 2 months ago (1 child)
  • [–] 6 points 2 months ago (1 child)

    I'm already not retiring as it is. There's no way I can save millions of dollars at this point. I treat my "retirement" accounts as just long term savings accounts that automatically accrue when I earn. Nothing else.

  • source
  • hideshow 1 child comment
  • [–] 4 points 2 months ago (1 child)

    Now do AOC vs Graham on stopping the rail unions from striking.

  • source
  • hideshow 1 child comment
  • [–] 3 points 2 months ago*

    I endorse the message but I hate the use of AI to produce political memes.

  • source
  • [–] 2 points 2 months ago

    mitch mcconell took your soul.

  • source
  • [–] 1 point 2 months ago

    I say we start by eliminating pensions for public service. So what you held an office, go back to work. While we're at it, public officials can have the exact same healthcare options as every other citizen.

  • source
  • [–] -2 points 2 months ago

    If it's not going bankrupt how are billionaires the problem?

  • source
  • [+] -34 points 2 months ago* (last edited 2 months ago) (19 children)

    And both are trash

    Edit: looks like I triggered BlueMAGA

  • source
  • hideshow 19 child comments
  • [–] 15 points 2 months ago (8 children)

    So what, pray tell, do you believe in?

  • source
  • parent
  • hideshow 8 child comments
  • [–] -2 points 2 months ago (7 children)

    Not fake politicians that talk one thing while supporting the empire.

  • source
  • parent
  • hideshow 7 child comments
  • [–] 3 points 2 months ago (5 children)

    Very enlightened. What should AOC be focusing on besides this?

  • source
  • parent
  • hideshow 5 child comments
  • [–] 4 points 2 months ago (2 children)

    Don't bother, they aren't going to engage in good faith. They want purity and accelerationism rather than praxis and pragmatism.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 1 point 2 months ago (5 children)

    So you're going to shit on only the left wing of the party but not the centrists.

  • source
  • parent
  • hideshow 5 child comments
  • [–] 0 points 2 months ago (4 children)

    There is no left wing of the party, they are all right wing fascists upholding and defending their owners.

  • source
  • parent
  • hideshow 4 child comments
  • [–] 1 point 2 months ago (3 children)

    Sure. It's not that you just hate the leftmost members of the party but not the genocide wing.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 0 points 2 months ago

    If this story was about the genocide pedo side of the DNC I would be, but you'll notice it's not. You've been around here long enough to have witnessed me trashing Biden before during and after his presidency along with every other Democrat.

  • source
  • parent