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Joe Biden to Raise Corporate Taxes and Taxes on the "Wealthy" (1 Viewer)
- Thread starter TripItUp
- Start date
Quint
Footballguy
from 11 months ago:
"Former Vice President Joe Biden told a roomful of well-heeled donors on Tuesday night that he would not “demonize” the rich if he’s elected president in the 2020 election. “I need you very badly,” he told the group.
Addressing the 100 or so guests at a fundraiser at the swanky Carlyle Hotel in New York City, Biden said he’d gotten into hot soup with “some of the people on my team, on the Democratic side” for his earlier comments about rich people being “just as patriotic as poor people.”
That’s “not a joke,” he said. “I mean, we may not want to demonize anybody who has made money.”
Appearing to suggest that his tax plan would not include excessive taxes on the rich, Biden said “no one’s standard of living change” if he’s elected.
“The truth of the matter is, you all, you all know, you all know in your gut what has to be done. We can disagree in the margins but the truth of the matter is it’s all within our wheelhouse and nobody has to be punished. No one’s standard of living will change, nothing would fundamentally change,” he said."
LINK
why the 180* now?
"Former Vice President Joe Biden told a roomful of well-heeled donors on Tuesday night that he would not “demonize” the rich if he’s elected president in the 2020 election. “I need you very badly,” he told the group.
Addressing the 100 or so guests at a fundraiser at the swanky Carlyle Hotel in New York City, Biden said he’d gotten into hot soup with “some of the people on my team, on the Democratic side” for his earlier comments about rich people being “just as patriotic as poor people.”
That’s “not a joke,” he said. “I mean, we may not want to demonize anybody who has made money.”
Appearing to suggest that his tax plan would not include excessive taxes on the rich, Biden said “no one’s standard of living change” if he’s elected.
“The truth of the matter is, you all, you all know, you all know in your gut what has to be done. We can disagree in the margins but the truth of the matter is it’s all within our wheelhouse and nobody has to be punished. No one’s standard of living will change, nothing would fundamentally change,” he said."
LINK
why the 180* now?
TripItUp
Footballguy
Quint
Footballguy
it's a bold strategy: tell your donors one thing, and tell your [potential] voters something contradictory less than a year later.
i wonder which group he's not telling the truth to?
knowledge dropper
Footballguy
His tax changes will probably be full of loopholes that they can exploit. Oldest trick in the book.
TripItUp
Footballguy
So the Democrats have a great plan.
Ruin the economy with extended SiP measures, and then punish the entities(corporations/investors) that can save the economy with higher taxes to further stunt/damage the economy.
Apparently money grows on trees for Joe Biden.
Ruin the economy with extended SiP measures, and then punish the entities(corporations/investors) that can save the economy with higher taxes to further stunt/damage the economy.
Apparently money grows on trees for Joe Biden.
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Quint
Footballguy
msudaisy26
Footballguy
JbizzleMan
Footballguy
I’ll still be voting for him
roadkill1292
Footballguy
We need to raise tax rates on the highest income brackets. Substantially. The giveaways to the rich have to end.
ShamrockPride
Footballguy
Thunderlips
Footballguy
YO JOE! THOSE BREAKS FOR THE RICH....GOTTA GO!
KiddLattimer
Footballguy
It's just a line... he wasn't called "The Senator from MBNA" for nothing
BladeRunner
Footballguy
When is enough enough for you guys?
You guys want to raise taxes all the time. Will 100% finally be enough for you? is that when you plan to stop? When you have everyone's money?
I guarantee you "the rich" doesn't mean what you think it means or what Sleepy Joe and the Democrats are telling you, because if you think everyone ain't gonna get taxed to death, you're in a serious bubble.
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msudaisy26
Footballguy
Both of these are true and watching Biden play both sides just proves it.
msudaisy26
Footballguy
Hyperbole much? Everyone wants better education, better roads, better military, better police and fire departments etc. Do you think all that doesn't cost money?
BladeRunner
Footballguy
WTH? We already pay high taxes. You act like nobody is paying anything. OF course we're already paying for all that.
The point is it is never enough. Every year you want to raise taxes because "roads, police". It's a weak argument because our tax money is going for FAR more than just roads and police. We could probably pay 30% less in taxes and still have all that covered.
msudaisy26
Footballguy
Prices go up not down, and wages haven't kept up with inflation over the last 40ish years. Plus correct me if I am wrong, but we just cut taxes by 14 percent on the rich. Cutting taxes and try to fix things isn't going to work.
msudaisy26
Footballguy
randall146
Footballguy
There’s no 180 from this article to the original post. In both he’s talking about raising taxes on the rich.
The General
Footballguy
Gotta pay these debts somehow. A Dem will clean up the mess left by Trump’s fiscal trainwreck.
randall146
Footballguy
Summer Wheat
Footballguy
beef
Footballguy
timschochet
Footballguy
First, I appreciate that this is actually a thread about policy: we could use some more of these in here.
Mainly what Biden is proposing is to repeal Trump’s tax cut. Personally I think that’s a good idea. We can’t afford it.
Mainly what Biden is proposing is to repeal Trump’s tax cut. Personally I think that’s a good idea. We can’t afford it.
The bolded (bolding mine) is the problem, where he is reassuring rich people that they will still be rich, but the subtext is you are also applying those same words to people who are struggling and getting left behind.
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Stuart_Little
Footballguy
It's a start.
A fundamental reshuffling of wealth is inevitable and will happen on a global scale, the only question is how much or how little friction there will be during the transition. One good thing about the pandemic is that it accelerated a process that may have taken a decade or more and the dust should settle within 2-3 years. It also puts the problem in stark enough relief and provides what will be an undeniable rationale so that hopefully the change occurs through government rather than through violence.
What will take a while longer (though still not close to a decade) is the rest of the world switching to the Yuan as the preferred reserve currency. America is going to face some ugly truths over the next few years, but we have the potential to emerge better and stronger if we don't screw it up. It will take the type of leadership and collective effort that seems especially unlikely at the moment, though that's probably always the case right before massive restructurings or they wouldn't happen. God bless the United States of America. We're gonna need it.
A fundamental reshuffling of wealth is inevitable and will happen on a global scale, the only question is how much or how little friction there will be during the transition. One good thing about the pandemic is that it accelerated a process that may have taken a decade or more and the dust should settle within 2-3 years. It also puts the problem in stark enough relief and provides what will be an undeniable rationale so that hopefully the change occurs through government rather than through violence.
What will take a while longer (though still not close to a decade) is the rest of the world switching to the Yuan as the preferred reserve currency. America is going to face some ugly truths over the next few years, but we have the potential to emerge better and stronger if we don't screw it up. It will take the type of leadership and collective effort that seems especially unlikely at the moment, though that's probably always the case right before massive restructurings or they wouldn't happen. God bless the United States of America. We're gonna need it.
Snorkelson
Footballguy
I feel the same way about our military budget. How about we take some of that money and spend it here in the US to do the stuff we can’t pay for, whether it’s healthcare or a wall or dam repair or whatever. We really don’t need to raise taxes, although I think we should.
BladeRunner
Footballguy
Another fake cutting taxes on the rich arguments. I mean at some point you guys actually have to look at things, right? That tax cut went to everyone.
I get that you hate Trump, but altering history because it makes you feel better has got to stop
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BladeRunner
Footballguy
Democrats aren't known for cleaning messes up. They're known for making them. I mean, Democrats aren't called tax and spend because they clean messes up.
Alex P Keaton
Footballguy
Alex P Keaton
Footballguy
Snotbubbles
Footballguy
The last recession was due to Clinton Administration policies. The Dems just blamed Bush for it. Then patted themselves on the back by dumping a ton of money at the problem. Way to go.
Alex P Keaton
Footballguy
Bush had 8 years to “fix” the Clinton “mess” he was supposedly handed. Why couldn’t he do his job in 8 years?
Snotbubbles
Footballguy
He deserves some blame. But re-regulating a booming banking and derivative market would have sped up the crash.
Alex P Keaton
Footballguy
Snotbubbles
Footballguy
So your position is that the Dems had to "fix" a Republican mess because the Republicans didn't reverse crappy Democratic policies that caused the mess? Did I interpret your position correctly?
EDIT: I'll also add the real estate and derivative markets began to tank in 2005/2006. So if you got a 7/1 ARM you took that loan in 1998 and 1999 and it wouldn't be eligible for refinance until 2005/2006. So...
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BladeRunner
Footballguy
Cowboysfan8
Footballguy
Stealthycat
Footballguy
great idea "you ain't black" Joe ..... tax the group of people already paying most of the taxes
brilliant
brilliant
msudaisy26
Footballguy
BladeRunner
Footballguy
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pollardsvision
Footballguy
Go back to whatever time period you feel "America was great" and compare those tax rates to today, or even better, under that commie Obama.
Today's "radical liberals" are nothing compared to Eisenhower, Nixon, and Reagan.
Bucsfan5493
Footballguy
Awesome news. Let’s see if he actually sticks by this, but not sure how many people could be against it. He said he’s not looking to raise taxes for anyone making under $400,000 so only the mega rich will be paying more which is long overdue.
the moops
Footballguy
msudaisy26
Footballguy
The fact that you posted this tells everyone in here one of two things. Either you just follow party lines or you haven't read it and are just trolling. You aren't fooling anyone. I am done with this fishing trip.
Mile High
Footballguy
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