Under Sanders, income and jobs would soar, economist says

a reply to: tothetenthpower

He actually has policy to look at Neo, you have rhetoric..

LOL policy eh ?

Sanders is pushing the same RHETORIC as FDR, and Huey Long, and the many that came before him.

Progressives aren't very 'progressive' they just recycle the same rhetoric they have been for the last 100 years.

Same crap that landed up the 'anti trust' and ended private monoplies in this country.

The reason checking, and savings, and bonds, and money markets ALL don't give a decent rate of return.

Sanders his 'policies'. His ideology has been the leading CAUSE of that 'wealth' gap he's whining about.

Sanders offers NO solutions.

Not one.

originally posted by: tothetenthpower

Look at the liberals in this thread supporting the idea that everyone paying the same percentage in taxes being unfair.

Yeah that's just people who don't understand economics, I'll have to agree with you on that.

Many, who understand economics extremely well (certainly better than any on this board), are heavily in favour of progressive taxes.

Flat taxes are the kind of 'fair' that nature is. Highly progressive taxes are the kind of 'fair' that idealism is. Somewhere in the middle is a very good economic backbone for a country.

a reply to: mclarenmp4

I get that... but here is my question... if we cant get these companies to pony up the cash,because small tax haven countries allow them to put their headquarters there letting them skirt tax law that people have been screaming about for at least a decade... are suddenly going to be forced into line and pay their fair share?

I dont see it happening because the same people that allowed corporations to skirt the laws for decades are still in power... the same people that helped set up the TPP are still going to be pulling the strings in congress because everyone is still voting for the same 2 corrupt parties out of fear, and hoping something changes.

I think sanders heart is in the right place, I just dont see how he can make these multi national corporations suddenly pony up the dough... congress is corrupt, the corporations own them.

It doesnt matter who is in the white house until the 2 party strangle hold is broken we the people have zero shot at fixing our broken nation.

originally posted by: Kali74
a reply to: WeAreAWAKE

If you're not paying someone a fair wage, why do you have the right to operate a business and profit off an economy that you don't really contribute to? Your worker pays for the roads that bring customers to your business or carry your product on the same as you do.

Hold up.

Since employers are ALREADY paying for your medicare,social security, unemployement insurance, and workmanscomp.

The holiday pay. Vactation time, ON TOP of an hourly wage.

That's not fair..

Employers should be FORCED to shell out MORE money to employees ?

That what your saying.

If so that is GREEDY that is worthy of so called Wall Street.

Funny thing about that. The majority of people that work there, and banks are MIDDLE CLASS.

It’s Time to Make College Tuition Free and Debt Free

In a highly competitive global economy, we need the best-educated workforce in the world. It is insane and counter-productive to the best interests of our country and our future, that hundreds of thousands of bright young people cannot afford to go to college, and that millions of others leave school with a mountain of debt that burdens them for decades. That shortsighted path to the future must end.

berniesanders.com...

There is another LIE.

Lemme axe this?

Who needs a college degree( that isn't worth the paper it's printed on these days).

When everyone gets that 'fabulous' living wage ?

No need to go to college.

The biggest reason that's a LIE is because SOMEONE will be paying for it.

Either the evil rich or the MIDDLE CLASS with a new fangle 'education' tax levied on the masses.

Sanders is DELUSIONAL.

a reply to: Irishhaf

We have the same issue with corporation tax avoidance but corporation tax isn't the only way to implement the changes you need. We do it through income tax and national insurance, those are paid as a tax on wages so they can't be avoided.
You will then say that those companies will pay lower wages but then you have a minimum wage and then the market decides whether the wages you pay are enough for people to work for you.
You then get companies employing contractors instead of employing staff but then contractors expect higher wages and we have rules in place where if a contractor is employed by the same company for 2 years they will start to get taxed at a higher rate as if they were an employee. The companies have to pay agencies to hire the people so it all becomes a relative cost to the company.
Yet we have plenty of multinational corporations doing good business in our country. Also small businesses are very easy to startup and run in this environment.

a reply to: neo96

We've had it here for quite a while and it works fine, it allows people from poor environments to seek further education.
I know because I came from that background.

Yes it's a tax on all but if your heart is in the right place you want to contribute to helping those who need it the most even if it is a small cost to you personally. Well that's if you live in a civilised society.

a reply to: mclarenmp4

Yes it's a tax on all but if your heart is in the right place you want to contribute to helping those who need it the most even if it is a small cost to you personally. Well that's if you live in a civilised society.

Why yes nothing says 'civilized' like 18 trillion in debt with trillions more keep being added.

Without a thought or care in the world that it would ever be paid for.

People need to start thinking with their heads, and get it.

They can't have everything they WANT.

It's time they stop thinking with their ID and start using the EGO, and super ego's.

a reply to: neo96

Sanders his 'policies'. His ideology has been the leading CAUSE of that 'wealth' gap he's whining about.

Please explain this bit of nonsense to me.

Reagan, the Godfather of the GOP is the reason you have wealth inequality in your country. Conservative policies of cutting taxes while not bringing it more revenue, caused the current economic crisis.

Favoring Corporations vs individual rights ( which were conservative policies) lead to what is occurring right now. The only reason America enjoyed such prosperity for such a long time is a direct result of WWII and the policies enacted afterwards which were HIGHLY PROGRESSIVE, like the GI bill for example.

Hell we couldn't even get the GOP congress to vote in favor of paying the medical bills of 911 first responders. And you blame progressives for the woes of the country?

Laughable.

But again Neo, you have never once ( that I've noticed ) ever provided a solution to any of your complaining. Like I've said a million times, I'd rather read somebody's POLICY ideas and watch them attempt to get them, while ending up with a centrist piece of legislation, to just read the rhetoric and non doings of others.

The failures economically of the last 20+ years are the result of REPUBLICAN decisions. Bill had a surplus post Bush remember?

Obama, well he's no better than any other I suppose I can give you that, but the economy is in much better situation than it was in 2008 during the housing market crisis. Which again, directly the result of the GOP.

So you're going to have to do a lot better to convince me, or most people, that 'progressives' are the cause of income inequality.

~Tenth

a reply to: neo96

We have 2 types of workers in our country. We have staff (Employees) and Contractors.

Staff are employed by the company and have a full salary package which includes a compulsory 28 days of holidays, time off on paid leave during pregnancy and birth for both parents. Can also include private healthcare, pension and gym memberships etc..

Contractors sign a contract with the company for a period of time can be from 0 day contracts up to whatever you need.
These contracts are worded so you can give people 1 day notice to a weeks notice, just about anything.
So if you are a small business, you advertise or employ an agency to seek candidates and then whoever you employ can be contracted to your company. As a contractor you are still entitled to holiday pay, which is a non taxable deduction of 7% taken off your wages as a tax. You can then use that when you need to take time off because as a contractor you are paid only if you work, so contractors wouldn't take time off and people ended burning out from working constantly. So having that 7% taken off mandatory is a small blessing for those of us that like to contract.

I only pay about 10% of my wages in tax/NI because i can claim tax relief for the time taken to get from home to work and back again for lunch or supper while i'm at work. So I submit some fuel receipts and I get tax off for those.

So yeah it works and small businesses can still make money.

originally posted by: peck420

originally posted by: tothetenthpower

Look at the liberals in this thread supporting the idea that everyone paying the same percentage in taxes being unfair.

Yeah that's just people who don't understand economics, I'll have to agree with you on that.

Many, who understand economics extremely well (certainly better than any on this board), are heavily in favour of progressive taxes.

Flat taxes are the kind of 'fair' that nature is. Highly progressive taxes are the kind of 'fair' that idealism is. Somewhere in the middle is a very good economic backbone for a country.

I like the middle, I think a pure flat tax is ridiculous, unless you add some kind of luxury tax. I live in a country where we are progressively taxed. The more money I make, the higher the tax bracket.

15% on the first $45,282 of taxable income, +
20.5% on the next $45,281 of taxable income (on the portion of taxable income over $45,282 up to $90,563), +
26% on the next $49,825 of taxable income (on the portion of taxable income over $90,563 up to $140,388), +
29% on the next $59,612 of taxable income (on the portion of taxable income over $140,388 up to $200,000), +
33% of taxable income over $200,000.

www.cra-arc.gc.ca...

In all, including stuff like GST/HST, I pay about...50% in taxes. Am I happy about that? Nope, but not because it's 50%, but because it's not going to the things I would think are important, or is being misused in those programs.

But the actual taxable amounts? Pff, I could care less, between me and my husband whose an MD, we want for nothing, even at that 50% mark. We invest in our community, in charity, I employ a few part time folk to work in my nursery, we have 4 kids and we are fine.

They could tax me at 60 and we'd still be fine. But that's not everybody's circumstance right? So when it comes to taxes, I don't have much a good argument either way, because I both benefit and get punished for our current system in ways I both like and dislike.

It's probably more fair in that way, than I am willing to admit.

~Tenth

a reply to: WeAreAWAKE

If your business is paying hundreds of thousands of dollars your yearly profits must be in the pretty high millions. If you're not paying a pretty good salary at those profits good luck finding employees who are desperate for a job that have the skills to keep your profits that high.

a reply to: tothetenthpower

People who disagree with flat taxes don't understand economics?

Interesting.

originally posted by: Kali74
a reply to: tothetenthpower

People who disagree with flat taxes don't understand economics?

Interesting.

Not if you support a purely flat tax no.

Tithing only works in church.

~Tenth

a reply to: tothetenthpower

One overlooked fact about Reagan.

He is the only President blessed to have a Democrat House of Representatives for 8 years.

Makes many political scientists blink in bewilderment how he got all those "Conservative" economic policies passed so he could sign them into law !!!

United States Presidents and control of Congress

and even with 6 years of Republican Majorities in the Senate, He never had a 60 (R) majority, 53 was the best I think.

Hmmm.

a reply to: tothetenthpower

Explain it to you ?

So regulation, and TAXATION like the Frank Dodd Act didn't put people out of work ?

It did.

The regulation that came before it, and the ALL powerful Federal Reserve that Sanders parrty created. That control Every single financial instrument there is.

Stocks,bonds,money markets, checking and savings accounts.

See there Tenth ?

That is what millions of middile class USED to create wealth that closed that gap.

Of course the Feds printing trillions in fiat currency doesn't help things one bit. Because the more money in ciculation DEVALUES the dollar.

That means IT TAKES MORE of it to buy things.

That's not countings the quadruple taxation of Sander and his party creations called the medicare surtax on capital gains.

That one is funny since people are under the delusion they actually pay for their medicare, They don't.

They are also under the delusion they pay for their own social security. They don't.

Other people are shelling out the difference.

When that doesn't cover the spening shortfall Sanders party created the 'alternative minimum tax' to make them evil rich pay their fair share. EVEN though they were already paying taxes according to their tax bracket.

That ideology, and those policies expand that gap, but hey no worries.

Sanders and his party won't be held accountable it's some bankers or billionaire' oligarch' fault.

Nice try 'blaming' Reagan.

The failures economically of the last 20+ years are the result of REPUBLICAN decisions. Bill had a surplus post Bush remember

Yeah well that is FAR from truth as it gets.

Bill Clinton Legacy of Myththology and Surplus.

So you're going to have to do a lot better to convince me, or most people, that 'progressives' are the cause of income inequality.

I really don't have to do anything. Except state the FACT as it has ALWAYS been.

There has been, and always will be a difference in pay between skilled, and unskilled labor.

That is the entire point in furthering ones 'education'.

Put in the time, and EFFORT to increase ones OWN wage.

Not have it done for them by 'daddy' government.

Blame 'republicans' is just as bad as Sanders blaming billionaires.

Obama, well he's no better than any other I suppose I can give you that, but the economy is in much better situation than it was in 2008 during the housing market crisis. Which again, directly the result of the GOP.

That started under CLinton. Everyone got a home whether or not they could afford to pay for it or not.

The CLinton administration FORCED bankers to give loans they would NOT other wise do.

Add President Clinton to the long list of people who deserve a share of the blame for the housing bubble and bust. A recently re-exposed document shows that his administration went to ridiculous lengths to increase the national homeownership rate. I

www.businessweek.com...

But no matter 'everything' is a republicans fault.

Democrats can do 'no' wrong.

a reply to: neo96

Yes while companies in your country make more each year in profit.
People and specifically the youth are the future of your country and you need to give them the best opportunity you can to get them educated and into the workforce and the best way to do that is give good quality free further education, it's crucial.

People in the U.S believe in trickle down economics and it's simply doesn't happen, it only works at the small business level.
At the top level they all have teams of people thinking of ways to save money to their shareholders, so you have to hold them accountable and a lot of the world do that already. The U.S. is in a different class with it's corporatocracy.

a reply to: xuenchen

They'd didn't call him the deal maker for nothin' I guess. I didn't know that actually.

Did a lot of those democrats end up as Republicans post Regan? lol

That does change my perspective on this I must admit, but overall, conservative economic policies in the last 30 or 40 years have led to a lot of wealth going out of this country or up to the top and not in the middle where it should have.

~Tenth

a reply to: Kali74

But you endorse policies that punish all of them, so then you must think they all gained that wealth unfairly.

a reply to: elitegamer23

If it is such a great plan, then why isn't it being implemented now?