Do we need King Trump? What if he carries out this policy list?
(media.greatawakening.win)
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Rich? Don't make me laugh. People invest, pull out mortgages on paid off homes to purchase investment opportunities. I've learned enough that, if you have enough acumen for it and can recognize what the market is like, even middle class can pull off the tactic.
Besides, making distinctions between rich and poor and class distinction is a purely communist/socialist thing to do. The bigger issue are the billions upon billions worth of residential property that have been bought of by entirely FOREIGN investment firms. Why begrudge hard working Americans a chance to become wealthy just out of spite for those who have been successful?
Isn't the goal to remove obstacles so that anyone could become wealthy? Imagine if the foreign owned property were back on the market proper and no longer inflated housing prices? What if government restrictions and excessive regulations were stripped back to bare necessary levels so more housing could be made where needed? What if the illegals were deported and the houses they currently occupy were back on the market? I'd wager we already have the recipe for a massive housing surplus in this country and plummeting home values that would put homes easily in reach of people who were more poor.
Beyond that, removing excessive government regulations, much needed tax reform were passed. Even lower class would find themselves with something like $5000 extra per month that would be more than enough for good housing, especially combined with increased economic activity and inflation being lowered through decreasing energy costs.
Frankly, I am poor but my objective is to change that.
.>"Besides, making distinctions between rich and poor and class distinction is a purely communist/socialist thing to do."
So you don't believe in progressive taxation? The rich generate income through their property. Why not limit the amount they can own, so everyone else has a chance to fulfill the american dream?
That is the very foundation of socialism, communism, Marxism, and has led to unparalleled strife, starvation, mass murder, and more. Time and time again in history. It is an evil ideology rooted in the belief that, rather than removing barriers to prosperity built up by excessive bureaucracy and other factors, that people who have worked hard or have been successful must be penalized for it so they are not as far ahead. Just look at the no child left behind policy. Gifted and talented classes in schools have been outright removed because it gives those students an 'unfair advantage' over the ones that can't perform to that level. This rather than address what failings are preventing other students from being more successful.
It is the same argument that murderous dictators have used, time and time again, to justify unrest and slaughter of those who oppose them. So, no, I do not believe in the progressive taxation or any other progressive model. Throughout the world, wherever it's been used, you have one thing that is consistent. People who earn enough to put themselves in the higher tax brackets, where some 70 or more percent of their income is stolen, they simply stop producing. They go on vacations, halt work in the things they own, and more because if they cross that threshold, they will take home less than if they stop producing, even if they had continued working with their maximum effort.
Who benefits from that? Halted productivity harms the people under those who, justifiably quit working rather than have some 70 percent or more of their earnings being stripped away. Jobs are lost or never made available to those in need of them. Historically, graduated income taxes left the US top tax rate at 94 percent.
Likewise, if I have a small business that becomes successful, I would be working my ass off to grow and expand it. During that, I'd be crossing over graduating tax thresholds, finding myself with less money to run and grow my business. The very notion of a graduated income tax is to protect those already at the top, who have full access to every loophole, from the threat of growing competition. It's how you get the untouchable elites and oligarchs who can charge what they want for things without fear of something better being introduced into the market that could easily grow and challenge their place of dominance.
What if they inherited everything they have. Also, like I said earlier, the rich's income is mostly extracted through property ownership, not through productive labor.
The nation state has every right and incentive to limit this extraction.
The proposals in the OP are not "Marxism" etc.....they are a compromise and they finally put limits on unrestrained greed of capitalism.
Who are you, or anyone else, to declare that a family or any single person has to be penalized for the responsibility and success of ancestors who wanted to pass on a legacy for their descendants?
I've heard so many stories of successful family farms and businesses being lost due to property taxes. Even a major league baseball team had to be sold that had otherwise been run by a family. Again, the very idea being argued is one of the tenants of Marxism, that the state should have the means to dictate the property ownership and means of production of those living within a country. It's also shortsighted to say that things are simply earned through property ownership, and what of it?
Again, the result of such policies isn't to make things 'more fair.' It's always a means to concentrate wealth in the hands of large corporations or well connected people who already have wealth and leverage what they have to get more. They are NEVER the people who are ultimately targeted by such systems because these wealthy oligarchs are ultimately the people who are using the system to protect and grow their wealth at the expense of would-be competition.
People occupy the homes or properties if they're rented, thus fulfilling a need. If lease is too high, people would live elsewhere. Beyond that, there's the cost of maintaining said homes resulting in a boon to the economy, especially if firms are employed to manage said properties. Nothing is simply stagnant. If money is generated from properties, than there has to be something about the properties that generates said wealth that contributes to the economy in the process. For example, the Biltmore Estate is run as a business with a restaurant, tours, winery, and more that employs people to keep everything running.
Consider for a moment, your parents worked hard to build a home and wanted to pass it on to you for your kids or grandchildren to live in. They die and leave it to you. At current, the government would swoop in and demand something like 40 percent or more of the value of the home. If you can't pay, then the home would have to be sold, regardless of how many generations your family might have lived in the home or how much value it would have in that regard.
Wealth taxes, inheritance taxes, graduated income taxes, are all designed with one sole thing in mind. Holding back those who are gaining from rising up to compete with those already at the top. Those at the top know all the loop holes and escape all that is 'meant to make things fair.'
Trump himself testified to the fact when he was accused of not paying taxes. He said flatly that it didn't mean he did anything wrong. He was just smart.
What people do with their own money, so long as it is legal, is none of the governments business.
Consider that the founding fathers of the United States launched a revolution just over a relatively low tax rate on tea. What might they have thought of such a concept of seizing property from people simply because some bureaucrat declares that a person has too much? That sort of thing happened in the Soviet Union, South Africa, Nazi Germany, Venezuela, Communist China and more ... And to what effect? Famine, fraud, murder, anarchy, collapsing economies, war, and more.