Welcome to the discussion of US Politics!
Rules:
1. *Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.*
2. *Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.*
3. *Be civil, No violations of TOS.*
It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
4. *No memes, trolling, or low-effort comments.*
Reposts, misinformation, off-topic, trolling, or offensive.
5. *Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.*
6. *No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning*
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
*That's all the rules!*
Civic Links
• Register To Vote
• Citizenship Resource Center
• Congressional Awards Program
• Federal Government Agencies
• Library of Congress Legislative Resources
• The White House
• U.S. House of Representatives
• U.S. Senate
Partnered Communities:
• News
• World News
• Business News
• Political Discussion
• Ask Politics
• Military News
• Global Politics
• Moderate Politics
• Progressive Politics
• UK Politics
• Canadian Politics
• Australian Politics
• New Zealand Politics
Moderators
PieFed
Capital gains tax being lower than income tax inverts the economy and just leads to a glut of capital owners. External capital ownership shouldn’t exist in the first place, but if it does, it shouldn’t be the cheapest way to earn money.
I actually really agree with the removal of external debts backed by capital being a saleable item - market socialism where corporate ownership is forcefully devolved to the actual employees would enable much higher economic efficiency.
Yup, that’s why I’m a Mutualist. I think Spain has a pretty good setup that incentives ownership to be sold to it’s employees.
Can you point me to a related law in spain about this?
I’ve always figured that political democracy can’t co-exist with capitalist plutocracy (when the corporate hierarchy is structured the opposite, top-down) but if there was a mandatory divestment where every business had to return x% of profits to the staff per annum and x% of ownership (e.g. based on a mix of value/wage/tenure) then that would reorient corporations to financially benefit a community and workers, and mitigate wealth inequality. The mandatory part is important as — like a strong minimum wage — it means all are competing on a level playing field and not with some inherent advantage/disadvantage.
Dozens of us.jpg
Just abolish capital gains tax and treat income as income.
Don’t discuss tip exemption. Just treat income as income.
Then adjust the graduated scale to give low earners a fair relative burden and close off loop holes or set tax minimums.
Ok, how about those who borrow against the value of stocks? Let’s treat that as income too. Unrealized gains? Tax it.
That’s a tough one - borrowing against stock value has essentially become a cheat code for the rich to live lavish lifestyles without ever actually spending their own money so it’d be nice to close that hack… I’m just concerned there may be some side effect to such a policy that’d punish regular-ish folks - that might hit retirees hard, for example, by (effectively) forcing people to actually sell stock to meet expenses - even during market downturns.
Cool. Have a minimum on the tax then. Elon et al shouldn’t be able to borrow millions or billions against their assets without paying a massive tax on it. Encourage them to sell the asset, realize the gains, pay the tax, and spend their money.
Zero reason for Tesla to have the valuation it does.
Any time money goes into your account, it should be taxed
Any time money changes hands or is conjured from the ether, it should be tax if it’s above a certain level.
for people already millionaires.
hey dems, you know why regular people hate you? this is why you conservative fucks
Long term capital gains isn’t as big a problem as asset backed borrowing which needs to be fixed. No point in cranking realized gains that hard when unrealized loopholes are far worse and don’t affect venture capital the same.
True - but understand - this is exactly what corporate news is trying to elicit. They’ve been trying things and waiting for the time to pounce to separate Harris from her momentum.
CNN, remember, is the new Fox News.
This is the latest. They know it’s going to work. When it does expect to see it more in other outlets.
By her saying she’s not raising taxes high enough on the extremely wealthy?
So would you prefer the capital tax rate is lower or that CNN didn’t report it?
As someone voting for Dems, I’m still confused why progressive policies are becoming more moderate
That and because the republicans will keep claiming they want to raise taxes and peopke dont like being taxed. Does it matter that its a tax increase that only affects the wealthy? No, as they too are a temporarily embarrassed millionaire.
I do agree that capital income and earned income should be treated equally, but the politics of that make it more difficult.
It might have been better to reduce the higher income tax by an equivalent amount to match a higher rate, so that the overall tax take is roughly similar, somewhere in the middle, but then shed be accused of helping billionaires.
I really don’t believe in the temporarily embarrassed millionaire. I just think people are that stupid. They hear tax increase and never look further.
These are the same people who believe getting a raise means you end up with less due to taxes
Mind you, there is a hell pit where you make too much to qualify for assistance but not enough to afford existing, but that’s not what I’m talking about.
Oh yeah, I was in that hell pit growing up and trying to get through college. The hell pit is awful. There is an even worse hell pit for disability benefits.
Gotta move to the right or the people who want us to move to the right will say mean things about us. Like they do no matter what.
WTF
Edit: Not that it will do any good but I just left a message at her campaign website.
And the donor class will force her to completely kill it.
Whew! I thought we were gonna have a wildfire on our hands with all that red hot enthusiasm. Glad Kamala doused it.
Of all the things to proactively announce you’re different from Biden on, this was the issue she chose? Not saying anything and letting people assume what they’d like has been doing a lot of good work for the campaign, but there are definitely some issues she needs to break on. This wasn’t one of them. Be optimistic while campaigning and let it be killed in the senate like we all know it will.
A neoliberal defending rich people? Say it ain’t so! 🙄
Gotta keep those campaign contributions flowing in.
Lol, like she’s going to U-turn on this if she’s elected?
More likely is that even if she was a raging socialist at heart or something, she still has to get elected and because of Americas broken system that means she has to appeal to a very specific demographic of people in a select few states, because no one else really matters. And that’s who statements like this is for, moderate republicans in swing states that are put off by Trumps incompetence but are scared about voting for a “”“” left wing"“” candidate.
Motherfucker.