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Kamala Harris8%

Fri Nov 8, 2019, 05:21 PM

 

Pass a law identifying and establishing money as a resource.

Last edited Fri Nov 8, 2019, 08:42 PM - Edit history (1)

Money is a tool to facilitate trading in goods and services. Destroying jobs and livelihoods has no defense. As a resource laws could regulate money to keep it in the economy. People that found ways to accumulate inordinate amounts of money could either invest it in jobs producing investments or have any amount of money over 10 million dollars taxed at 98%. The 91% tax bracket at certain amounts of income has already existed and the USA thrived.

Federal - 1955 Married Filing Jointly Tax Brackets
Tax Bracket Tax Rate
$180,000.00+ 87%
$200,000.00+ 89%
$300,000.00+ 90%
$400,000.00+ 91%

And the USA thrived.
If I were to vote in a presidential
primary today, I would vote for:
Bernie Sanders

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Arrow 21 replies Author Time Post
Reply Pass a law identifying and establishing money as a resource. (Original post)
Prosper Friday OP
Dem4Life1102 Friday #1
FiveGoodMen Friday #2
Dem4Life1102 Friday #3
Hassin Bin Sober Friday #5
Dem4Life1102 Friday #7
Voltaire2 Saturday #20
Dem4Life1102 Saturday #21
Hassin Bin Sober Friday #4
Dem4Life1102 Friday #8
pangaia Friday #9
Dem4Life1102 Friday #10
oldsoftie Friday #12
Dem4Life1102 Friday #13
Prosper Friday #15
Dem4Life1102 Friday #16
Prosper Saturday #17
Dem4Life1102 Saturday #18
oldsoftie Saturday #19
ritapria Friday #6
oldsoftie Friday #11
BadGimp Friday #14

Response to Prosper (Original post)

Fri Nov 8, 2019, 05:31 PM

1. Of course in 1955

 

Most of the world was still rebuilding from WWII and there was little international competition.
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Response to Dem4Life1102 (Reply #1)

Fri Nov 8, 2019, 05:33 PM

2. Your point being?

 

Because we didn't have to let the corporations take over the world.
If I were to vote in a presidential
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Elizabeth Warren

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Response to FiveGoodMen (Reply #2)

Fri Nov 8, 2019, 05:36 PM

3. The point being that it's not 1955 anyone

 

and it is a very different environment now. We should be looking toward the future and not the past.
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Response to Dem4Life1102 (Reply #3)

Fri Nov 8, 2019, 05:53 PM

5. Yeah. It is different.

 

Wealth inequality is at record highs and corporations and super wealthy are paying record lows.
If I were to vote in a presidential
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Response to Hassin Bin Sober (Reply #5)

Fri Nov 8, 2019, 05:56 PM

7. True but we need new solutions

 

not old ones that may have worked in there time but won't work now.
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Response to Dem4Life1102 (Reply #7)

Sat Nov 9, 2019, 05:21 PM

20. I know, hows about we tax vast piles of accumulated wealth?

 

Just a thought.
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Response to Voltaire2 (Reply #20)

Sat Nov 9, 2019, 05:30 PM

21. That might work

 

If I were to vote in a presidential
primary today, I would vote for:
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Response to Dem4Life1102 (Reply #1)

Fri Nov 8, 2019, 05:48 PM

4. Personal income comes after the whole world competition stuff.

 

Is Jamie Dimon going to pick up all his bank branches and move them to Somalia?

How about Walmart and the Waltons?

Home Depot?

Lowe’s?

Ge?

Amazon?

Verizon?

Honeywell?

If corporations and their executives want access to the planet’s largest economy maybe they should start paying their fair share.
If I were to vote in a presidential
primary today, I would vote for:
Bernie Sanders

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Response to Hassin Bin Sober (Reply #4)

Fri Nov 8, 2019, 05:58 PM

8. Not saying they shouldn't

 

But thinking going back to the 1950s is not the way.
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Response to Dem4Life1102 (Reply #8)

Fri Nov 8, 2019, 06:26 PM

9. I suppose looking back at the rise of Nazi Germany isn't the way either !

 




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Response to pangaia (Reply #9)

Fri Nov 8, 2019, 06:31 PM

10. False analogy

 

But since you brought it up, in 1940 French and British generals used tactics that had worked in WWI thinking they would have the same result. They didn't realize that the world had changed.

Which is my point. The world has changed since 1955. Just because something worked back then doesn't mean it will work now.
If I were to vote in a presidential
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Response to Dem4Life1102 (Reply #10)

Fri Nov 8, 2019, 07:04 PM

12. Excellent response

 

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden

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Response to oldsoftie (Reply #12)

Fri Nov 8, 2019, 07:05 PM

13. Thanks

 

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primary today, I would vote for:
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Response to Dem4Life1102 (Reply #10)

Fri Nov 8, 2019, 08:17 PM

15. "The world has changed "

 

You are so right. 45000 people die earlier and suffer more denied health care.

Nearly 45,000 annual deaths are associated with lack of health insurance, according to a new study published online today by the American Journal of Public Health.

The right wing bought every possible law to make aquiring money cheaper, faster and easier.

Allowed usury rates on loans. Some loans have 250% interest rates.

Made NINJA loans to high school graduates inflating cost of college to exceed $160K while providing some super easy degrees that can’t earn a graduate a job.

Allowed deregulation of the stock market that almost collapsed the economy. And then socialized the debt.

Times have changed.
If I were to vote in a presidential
primary today, I would vote for:
Bernie Sanders

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Response to Prosper (Reply #15)

Fri Nov 8, 2019, 08:28 PM

16. Yes

 

And we need new solutions to address these problems. Not ones from 1955.
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Response to Dem4Life1102 (Reply #16)

Sat Nov 9, 2019, 12:19 AM

17. We got here today by letting the right destroy

 

respect for human rights and destroy opportunity for the working class. No reason for a few people to destroy the standard of living for millions. It went backwards since the fifties. Then one person in could support a family. Now 2 people working can’t .
If I were to vote in a presidential
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Response to Prosper (Reply #17)

Sat Nov 9, 2019, 01:29 AM

18. Yes the world has changed

 

and need solutions that work for today, not from 1955.
If I were to vote in a presidential
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Response to Prosper (Reply #17)

Sat Nov 9, 2019, 07:02 AM

19. You forge a BIG reason things are so different from the 50s.

 

The US used to pretty much be the ONLY manufacturing power in the world. After WW2, we rebuilt most of the world that was destroyed by the war. We helped get all those other countries back on their feet to be able to take care of themselves. We introduced industrial capabilities to countries that never had them. And in doing so, we also helped create our own competition. Today, there are many countries that manufacture on a massive scale. Countries that 60 yrs ago hardly made anything more than what their country required.
Meanwhile, the Communist part of the world stayed stuck in the 40s; living backward depressing lives. Then the Iron Curtain fell, and even MORE countries entered the competition. Its a global world now. Theres nothing we can do to stop that. It will ALWAYS be cheaper to make things somewhere else.
Blaming all our problems on a handful of super billionaires is a cop out. Taxing the hell out of them might make you feel better and bring in a little revenue (but not nearly what you think it will), but it will do little to fix the problems we have or bring the programs we want.
If I were to vote in a presidential
primary today, I would vote for:
Joe Biden

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Response to Prosper (Original post)

Fri Nov 8, 2019, 05:54 PM

6. I'm not envious of the billionaire class

 

Their love of money has rendered most of them crazy as bedbugs ……A relatively . small portion of their wealth has to be transferred to the 50% of the country living hand to mouth …..This will help capitalism in the long run and greatly improve the lives of all Americans ………..
If I were to vote in a presidential
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Response to Prosper (Original post)

Fri Nov 8, 2019, 07:03 PM

11. Despite these high rates, the top 1% of taxpayers in the 1950s only paid about a 42% rate.

 

Because there also used to be a TON of deductions, so few people "made" that much taxable income.
Not to mention the unreported income problem we still have today
If I were to vote in a presidential
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Response to Prosper (Original post)

Fri Nov 8, 2019, 07:40 PM

14. 180,000.00 in 1955 $1,693,705.62 in todays $$$s adjusted for inflation

 

ref:
https://www.dollartimes.com/inflation/inflation.php?amount=180000&year=1955
If I were to vote in a presidential
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