Mike Lester for August 03, 2019

“Worst” = “most sensible”.

Code broken!

Yeah; how could the wealthy afford to buy politicians if they have the hell taxed out of them?

Bottom line? You’ll only get those tax dollars from them by prying them from their cold, dead, fingers.

Lester is forgetting to mention the 17 million voter registrations purged in the two years in between the 2016 election and the midterms. Who needs voters when you’re aiming for a totalitarian state?

Lester is just defending a minority?

AND don’t forget the Caymans….

And DeBlasio alone gets to define who is “wealthy”. So anyone making over $60,000 a year or has $25,000 in in the bank can expect to pay more taxes.

Mike Lester is old enough to remember when major American politicians campaigned on lines like “Segregation today, segregation tomorrow, segregation forever!” Cartoons like this consciously trivialize genuine evil.

The population and GDP have been growing steadily. When you divide the GDP by the population you get the per capita GDP which also has been growing. Since 1929, profit as a percentage has also been growing. Wages as a percent of GDP, on the other hand, has been declining since 1929. Unfortunately, the per capita GDP is not reflected in the median wage. There is wealth inequity such that the 1% control half the wealth in the US, and also receive greater tax relief. Tax revenue comes from the shrinking wage portion of the GDP and the shrinking taxes on the wealthy. (That’s why we can’t have nice things!) The growth rate of the US GDP has been trending downward while rising in other countries. If you do the math and make the comparisons, we are not doing the sensible, pragmatic things. Capitalism works best when wage earners have more disposable income, not when wages are stagnant. Are we going to get on the correct track before it’s too late?

What are they going to do when the rich leave the Country and take their money and jobs with them. A bunch of dumb asses from the very start. How can anyone be so stupid?

Shelby, look to the past when monopolies and super-corporations were broken up and taxes increased. (hint, peoples lives improved)

It’s comforting to know that Lester greatly admires wealth inequality and wants it to increase.

Like all Trump Disciples.

“We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we can’t have both.” -Louis Brandeis

We have done nothing but CUT their taxes for 35 years now, and it hasn’t done this country an OUNCE of good.

If you want a country, you have to be willing to pay for it. It’s not free.

If the rich aren’t willing to financially support the nation where they made their money, the freeloaders should move.

Because all those efforts to increase taxes on the wealthy have worked so well and brought in so much more than they were assumed to have.

Check out the history of millionaire taxes in France, California, Connecticut, New Jersey, Maryland, and New York. They don’t work, and never bring in anywhere near what the politicians predict they will, so that money has already been allocated and spent and must be made up for through other “revenue streams” and that means that tax is further shifted to the middle class, because 46% of the tax filers don’t pay a single penny in federal income taxes.

Nuance… or even blatant truth… is lost on Lester and his cohort. Democrats want to return to taxing the folks with large incomes at a greater marginal rate than is currently happening. In the 1950s, 60s and 70s, the top marginal rate (which only applies on the top part of a very large annual income) was never less than 70%. Of course the rate on lower incomes, including the low part of the income of the very rich, was much lower.

Here’s an excerpt:

In 1944, the top rate peaked at 94 percent on taxable income over $200,000 ($2.5 million in today’s dollars3). That’s a high tax rate.

Over the next three decades, the top federal income tax rate remained high, never dipping below 70 percent.

The Economic Recovery Tax Act of 1981 slashed the highest rate from 70 to 50 percent, and indexed the brackets for inflation.

The Tax Reform Act of 1986, claiming that it was a two-tiered flat tax, expanded the tax base and dropped the top rate to 28 percent for tax years beginning in 1988

During the 1990s, the top rate jumped to 39.6 percent. However, the Economic Growth and Tax Relief and Reconciliation Act of 2001 dropped the highest income tax rate to 35 percent from 2003 to 2010.

The American Taxpayer Relief Act of 2012 increased the highest income tax rate to 39.6 percent. The Patient Protection and Affordable Care Act added an additional 3.8 percent on to this making the maximum federal income tax rate 43.4 percent.

The highest income tax rate was lowered to 37 percent for tax years beginning in 2018. The additional 3.8 percent is still applicable, making the maximum federal income tax rate 40.8 percent.

Li’l ol’ me is quite correct; America must protect us wealthy One Percenters for the simple reason that we’re better than you.

They just say that. All of them are multi-millionaires. Do you really think they are going to tax themselves.\? They just want to get elected so they can take more of your money. They are too stupid to get elected.

Hey Lester! How you doing old fellah! Hope you’re well.

Tax the hell out of the wealthy?

Hey, they have so much hell that by taxing only half of it, you could pay off the national debt.