BillOfRights
Esteemed Member
- Messages
- 641
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You proved my point, as an individual increased their income they paid more into the system. Of course wealthier individuals incomes will rise more quickly. No different than investing. If you invest more initially or more over time the quicker it increases.How are tax cuts benefitting the rich? Seriously? The share of the country's income and wealth going to the rich (whether you want to isolate it to the top 20%, 10%, 1%, or whatever) has steadily increased over the past 40+ years, the time during which the tax rates for the rich have steadily been cut. Their income and wealth are rising by much more than the amount their total tax payments are increasing.
Perhaps you truly don't understand the math side of this. Let's try a simple example, ignoring the marginal levels for the simplicity of the math. Let's say someone is paying a 50% tax rate on $500k of income. That's 250k in taxes. Now let's say 10 years later that same person pays a 35% tax rate on $1 million of income. That's $350k in taxes. The amount of taxes the person is paying went up by $100k even though his tax rate went down! Does that mean the tax cut hurt him? No, of course not. He now gets to keep a much greater share of his much greater income. That is what has been happening for the rich in this country. It's why their wealth and their income is rising much more quickly, on a percentage basis, than anyone in the classes below them.
It's hard to tell whether you just don't understand this or if you're trolling.
DOGE Claimed It Saved $8 Billion in One Contract. It Was Actually $8 Million.
The biggest single line item on the website of Elon Musk’s cost-cutting team appears to include an error.
“… Almost half of those line-item savings could be attributed to a single $8 billion contract for the Immigration and Customs Enforcement agency. But it appears that the DOGE list vastly overstated the actual intended value of that contract. A closer scrutiny of a federal database shows that a recent version of the contract was for $8 million, not $8 billion. A larger total savings number published on the site, $55 billion, lacked specific documentation.
The contract, with a company called D&G Support Services, was to provide “program and technical support services” for the Office of Diversity and Civil Rights at ICE. The Trump administration has been purging diversity programs from the federal government.
By examining past versions of the contract listed on the Federal Procurement Data System, The Upshot determined that the federal award, approved in September 2022, had initially listeda total value of $8 billion. But on Jan. 22 this year, that figure was updated to $8 million. According to the database, the contract was terminated about a week later. (For context, $8 billion is nearly the size of the entire budget of the Centers for Disease Control and Prevention.) …”
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Dude no one is disputing that as your income rises you will pay more in taxes. Who are you even arguing with?You proved my point, as an individual increased their income they paid more into the system. Of course wealthier individuals incomes will rise more quickly. No different than investing. If you invest more initially or more over time the quicker it increases.
DOGE Claimed It Saved $8 Billion in One Contract. It Was Actually $8 Million.
The biggest single line item on the website of Elon Musk’s cost-cutting team appears to include an error.
“… Almost half of those line-item savings could be attributed to a single $8 billion contract for the Immigration and Customs Enforcement agency. But it appears that the DOGE list vastly overstated the actual intended value of that contract. A closer scrutiny of a federal database shows that a recent version of the contract was for $8 million, not $8 billion. A larger total savings number published on the site, $55 billion, lacked specific documentation.
The contract, with a company called D&G Support Services, was to provide “program and technical support services” for the Office of Diversity and Civil Rights at ICE. The Trump administration has been purging diversity programs from the federal government.
By examining past versions of the contract listed on the Federal Procurement Data System, The Upshot determined that the federal award, approved in September 2022, had initially listeda total value of $8 billion. But on Jan. 22 this year, that figure was updated to $8 million. According to the database, the contract was terminated about a week later. (For context, $8 billion is nearly the size of the entire budget of the Centers for Disease Control and Prevention.) …”
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Oh my! The poor saw some increase in income! And oh no! The minimum wage has fucking doubled in Arizona! Those fucking poor SOB’s need to learn their place! I swear some of those brown ones need to work for nothing. What we need is some slavery up in here!"The middle class is seeing slower income growth than both the rich and the poor"
Could this (poor) be due to the forced increases in minimum wage? I'd venture that none in the middle class work for minimum wage while many poor do.
Minimum wage in AZ has close to doubled, but those already above aren't getting comparable increases.
Do good is trolling. Wish he would be silent.How are tax cuts benefitting the rich? Seriously? The share of the country's income and wealth going to the rich (whether you want to isolate it to the top 20%, 10%, 1%, or whatever) has steadily increased over the past 40+ years, the time during which the tax rates for the rich have steadily been cut. Their income and wealth are rising by much more than the amount their total tax payments are increasing.
Perhaps you truly don't understand the math side of this. Let's try a simple example, ignoring the marginal levels for the simplicity of the math. Let's say someone is paying a 50% tax rate on $500k of income. That's 250k in taxes. Now let's say 10 years later that same person pays a 35% tax rate on $1 million of income. That's $350k in taxes. The amount of taxes the person is paying went up by $100k even though his tax rate went down! Does that mean the tax cut hurt him? No, of course not. He now gets to keep a much greater share of his much greater income. That is what has been happening for the rich in this country. It's why their wealth and their income is rising much more quickly, on a percentage basis, than anyone in the classes below them.
It's hard to tell whether you just don't understand this or if you're trolling.
Why the hell is nobody here talking about this?Sig Heil, baby.
Article I of the Constitution. Who needs it?
Fact Sheet: President Donald J. Trump Reins in Independent Agencies to Restore a Government that Answers to the American People
“Forced increases” in minimum wage? Isn’t any increase in minimum wage “forced” (by the government) by definition?"The middle class is seeing slower income growth than both the rich and the poor"
Could this (poor) be due to the forced increases in minimum wage? I'd venture that none in the middle class work for minimum wage while many poor do.
Minimum wage in AZ has close to doubled, but those already above aren't getting comparable increases.
The kind of thing one does if one has plans of never ceding power, ever.![]()
Trump Signs Order Expanding Power Over Independent Agencies Like FCC and SEC
The president has already challenged statutory protections against summarily firing officials overseeing such agencies without cause.www.nytimes.com
President Trump issued an executive order on Tuesday that seeks greater authority over regulatory agencies that Congress established as independent from direct White House control, part of a broader bid to centralize a president’s power over the government.
The order requires independent agencies to submit their proposed regulations to the White House for review, asserts a power to block such agencies from spending funds on projects or efforts that conflict with presidential priorities, and declares that they must accept the president’s and the Justice Department’s interpretation of the law as binding.
“This is a power move over independent agencies, a structure of administration that Congress has used for various functions going back to the 1880s,” said Peter M. Shane, who is a legal scholar in residence at New York University and the author of a casebook on separation-of-powers law.
The order follows Mr. Trump’s summary firings of leaders of independent agencies in defiance of statutes that bar their removal without cause before their terms are up. Collectively, the moves constitute a major front in the president’s assault on the basic shape of the American government and his effort to seize some of Congress’s constitutional power over it.
The directive applies to various executive branch agencies that Congress established and empowered to regulate aspects of the economy, structuring them to be run by officials the president would appoint to fixed terms but whose day-to-day actions he would not directly control.
Those agencies include the Securities and Exchange Commission, the Federal Trade Commission, the Federal Communications Commission and the National Labor Relations Board. Still, the order applies only partly to one particularly powerful agency, the Federal Reserve, covering issues related to its supervision and regulation of Wall Street, but exempting its decisions related to monetary policy, like raising and lowering interest rates.
The market could force an increase in minimum wage to hire people for certain jobs or in certain locations.“Forced increases” in minimum wage? Isn’t any increase in minimum wage “forced” (by the government) by definition?
Right, but many states have and those changes would be reflected in federal government data.Also - as I’m sure you’re aware the federal minimum wage hasn’t increased in 15+ years.
What this is perfectly normal, Democrats did this all the time. /sThe kind of thing one does if one has plans of never ceding power, ever.
And pubs are going to support it. The sooner we come to grips with the fact that Trump and anyone who voted for him and now supports him are traitors. They voted for a dictatorship and that’s what they want . And they aren’t going to give it up peacefully.The kind of thing one does if one has plans of never ceding power, ever.