116th Congress: Episode 1 - Trial by Fire

[dxmnkd316]

Re: 116th Congress: Episode 1 - Trial by Fire

That’s brilliant.

[ScoobyDoo]

Re: 116th Congress: Episode 1 - Trial by Fire

https://www.commondreams.org/views/2...prevention-act

Congress should jump on board an improved estate tax introduced today by Senator Bernie Sanders, that would levy a top rate of 77 percent on inheritances over $1 billion. Sanders bill, The For 99.8% Act (pdf), would also plug up loopholes and ban trusts that wealthy families use to hide and perpetuate wealth dynasties.

"The 400 wealthiest billionaires on the Forbes 400 list today own as much wealth as the bottom 64 percent of the US population combined... And they are clearly using this wealth and power to rig the rules further in their favor."

The estate tax, established by Congress a century ago to put a brake on the build-up of concentrated wealth and power, is paid only by a miniscule sliver of billionaires and multi-millionaires. At the time, Theodore Roosevelt supported the estate tax as a protection against the “tyranny of plutocracy.”

Sanders estate tax proposal is a plutocracy prevention act, squarely aimed at preventing the children of today’s billionaires from dominating our future democracy, economy, culture and philanthropy.

In December 2017, Republicans failed to abolish the estate tax as part of their $1.5 trillion dollar tax windfall for the superrich and a handful of transnational corporations. But they did raise the exemptions of who will pay the tax.

In 2019, fewer than 2,000 households will pay the tax, starting with couples with over $22.8 million (individuals with over $11.4 million).

Earlier this week, Senate leader Mitch McConnell and Sens. Charles Grassley (R-Iowa) and John Thune (R-SD) introduced the “Death Tax Repeal Act of 2019.” It is worth noting that the number of annual taxable estates in their home states of Kentucky, Iowa, and South Dakota are fewer than two dozen.

I'll ask again. Who are the morons voting for Turtle Boy, Grassley, and Thune? And what kind of drugs are they on. I said I'm playing it straight this election. Here's me with a pro Bernie post.

[Handyman]

Re: 116th Congress: Episode 1 - Trial by Fire

First comment FTW: https://twitter.com/gatewaypundit/st...09215545184256

Fellow poster Slap Shot commented

[Kepler]

Re: 116th Congress: Episode 1 - Trial by Fire

Fellow poster Slap Shot commented

I nearly lost it here:

We can only hope that one day mankind will come up with a way to store energy when it isn't in use.

It is very difficult to believe that Republican Members of Congress are as stupid as they appear to be. My first instinct is they only pretend to be stupid to identify with their constituents. That was how the game always used to be played. But since the FreeDumbs started primarying everybody to the left of Julius Evola, I dunno... they may not be playin'.

[Handyman]

Re: 116th Congress: Episode 1 - Trial by Fire

I dont think a lot of them are...the Nimrod in Chief for sure is though.

[French Rage]

Re: 116th Congress: Episode 1 - Trial by Fire

First comment FTW: https://twitter.com/gatewaypundit/st...09215545184256

And Tucker Carlson keeps the party going: https://twitter.com/JordanUhl/status...41029154250752

[5mn_Major]

Re: 116th Congress: Episode 1 - Trial by Fire

Ilhan suggests a 90% tax on the rich. That's not a good start in representing Mpls.

Its early, but that's a situation where I might go R for the second time in my life if that continues.

[mookie1995]

Ilhan suggests a 90% tax on the rich. That's not a good start in representing Mpls.

Its early, but that's a situation where I might go R for the second time in my life if that continues.

Cause you would be in the 90% marginal??

[Jimjamesak]

Cause you would be in the 90% marginal??

He works for a bank I think, gotta keep the boss happy.

[trixR4kids]

Re: 116th Congress: Episode 1 - Trial by Fire

He works for a bank I think, gotta keep the boss happy.

We can't possibly go with tax brackets that worked for decades!

[ScoobyDoo]

Re: 116th Congress: Episode 1 - Trial by Fire

Ilhan suggests a 90% tax on the rich. That's not a good start in representing Mpls.

Its early, but that's a situation where I might go R for the second time in my life if that continues.

Another person that does not understand how progressive taxation works or what it does. When does the 90% kick in? If you ask me 90% at certain levels is completely reasonable. The private sector could have fixed this problem years ago and like always they ****ING BLEW IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[dxmnkd316]

Re: 116th Congress: Episode 1 - Trial by Fire

Ilhan suggests a 90% tax on the rich. That's not a good start in representing Mpls.

Its early, but that's a situation where I might go R for the second time in my life if that continues.

You must really not understand how Minneapolis works. Especially her district.

[Deutsche Gopher Fan]

We can't possibly go with tax brackets that worked for decades!

He needs those extra 20B to pass on to the kids in case they are unable to run their own businesses?

[Deutsche Gopher Fan]

You must really not understand how Minneapolis works. Especially her district.

Agreed.
It’s like those people I read on nextdoor, who say every democrat is a socialist and they’re stealing all our money. And then complain about plowing, fire stations, and the police ten seconds later.

[dxmnkd316]

Re: 116th Congress: Episode 1 - Trial by Fire

Agreed.
It’s like those people I read on nextdoor, who say every democrat is a socialist and they’re stealing all our money. And then complain about plowing, fire stations, and the police ten seconds later.

I want to ****ing punch those people right in the face.


Also, isn’t next door that app where all the racists get to both about that black guy in their neighborhood?