WOW! I'm glad your not taking care of our Governments budget. Did you know that Obama added 8 TRILLION to our 22 TRILLION debt. That is what? like 70% over just his 8 years. And did the middle class get any richer? Did the rich get any poorer? I believe the problem here is, those pathetic Trump hating cable news stations that don't tell you how good the Economy is going. PLEASE PEOPLE watch FOX, the no.1 news channel for the last three years.
Tax the Rich?
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KUJACK
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Within 50 yrs
Within 50 years, there would be rich and poor again because of human nature- Sloth and greed
EmpressJosephine
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Productive and ambitious people would develop and sell products and services other people wanted, so they would end up with more money. Yet, even though their greater wealth was a result of their own productivity, and gotten by providing a commodity or service others wanted and voluntarily purchased, they would be criticized for having that wealth.
Rightguide
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At least there's one sane thread starter on the Politics Board.
LincolnDuncan
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It's a matter of balance
The truth is in the middle
The truth is in the middle
The point I was making was, we will ALWAYS ! have Billionaires, and poor people. And Taxing the rich with a stupid 70 , 80, or 90% Tax will just destroy Our Country.
Rightguide
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The left will go to the ends of the Earth to smother the US economy with regulation and taxes in order to blame it on capitalism and impose their totalitarian command order economic system. Their ignorance in doing so will herald in a new Dark Age.
It really proves how ignorant, and stupid some of these left Democrats are. There is NO WAY! any of them have the brains to be our President. They are just throwing out all kinds of stupid shit, and sadly we have a lot of stupid voters that will believe their crap, and WITHOUT! them explaining any of their garbage.
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dan_c00000
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On the way to/from what?
Could you imagine how unhappy a country with a super high tax the rich tax scheme would be? They must be miserable!
Denmark is often ranked as the world's happiest country. They're top tax rate? 60 percent. Oh and they happily pay that too.
Going to be a rough week for racist joe and "her" alt racist dawn.
DawnODay
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The numbers are what the numbers are, regardless of who reports them.
Eight years of conservative fiscal management put us on a better path. Our state has seen eight consecutive budget surpluses, and the latest figures show a $2.4 billion cushion entering the next budget. During the same time that lawmakers enacted $8 billion in tax relief over the last eight years, tax collections have grown by 24 percent.
C. Rochester, Good Fiscal News Another Reminder That Cutting Taxes Is The Best Path to Prosperity for All, MacIver Institute (Jan 31, 2019) (emphasis added).
phrodeau
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Capitalism has given great benefits to society. The Bible tells us we should be observing it. It has led to the most impressive works on earth, fed and clothed a thriving population, and given great prosperity to large numbers of people.
Oops sorry, I meant slavery.
Oops sorry, I meant slavery.
BotanyBoy
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Not even....look at lotto winners.
I bet it would take less than 5 and a solid 40% would blow EVERY PENNY by the end of the first year.
No, what you want is "in the middle"....the Truth is wherever it is, and it's rarely "in the middle".
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dan_c00000
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Except these aren't the numbers. And we've been over the fact at least three times now that MacIver is in the tank for Walker. And with ties to the Koch brothers.
Walker has lied about budget numbers before as well (to the tune of $1.6 billion dollars).
This isn't even factoring in the giant check he wrote to FoxConn (to the tune of $4.5 billion).
So no racist dawn the numbers aren't the numbers when they're made up. You really will believe anything the right tells you huh?
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DawnODay
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Nice going, dan_c00000, you fooled me.
You didn't write in huge letters like you usually do in your desperate attempts to be noticed, so I did not realize this was your post until I started reading it. As you know, I usually just ignore your posts because, like this one, they are a waste of time due to their utter lack of factual bases. As long as I've read this one, I will take the time to reply. My first thought is: Do you really believe the inaccuracies you post, or are you just intentionally lying to fool the uninformed?
You can say that, but it's not true. If you look at the cited article again, you will see a link to a memo from the nonpartisan Wisconsin Legislative Fiscal Bureau.* That is from where the numbers came.
The "link" you provided doesn't go anywhere, but I know to what you refer. Every two years, the nonpartisan Wisconsin Legislative Fiscal Bureau prepares a report to tell the legislature what the State's finances will look like if the next budget is the same as the budget then in place. This gives the legislature a starting point for preparing the next budget. It then makes adjustments and passes a new budget that eliminates the hypothetical (in the most recent case, $1.6 billion) deficit. Wisconsin law requires a balanced budget. Then, if tax revenues on the new budget exceed expectations, the State runs a surplus, as it has every year since Walker's reforms went into effect.
The factual numbers show that, after inheriting a > $3 billion dollar deficit from his Democratic predecessor, Jim Dolye, Scott Walker, with the help of the Republican controlled legislature, achieved a surplus with every budget he enacted.
What check? As I have explained to you and others multiple times in this thread, these are tax credits Foxconn only receives if it meets certain benchmarks. These benchmarks ensure that the economic activity Foxconn creates more than pays for Foxconn's reduced taxes. Ultimately, if Foxconn does not perform as promised, then Wisconsin provides no tax credits. Under the terms of the deal, the worst Wisconsin could have done is break even. Now that significant construction has started in Mount Pleasant, with the attendant economic activity and resulting tax revenues, Wisconsin can only come out ahead.
In other words, dan_c00000, the facts support what I have written. You have replied with untruths and inaccuracies. I win.
Don't worry, though. If you don't want me to crush you again, simply go back to using huge letters in your posts and I'll go back to ignoring them.
* Even the Associated Press admits the Wisconsin Legislative Reference Bureau is nonpartisan.
You didn't write in huge letters like you usually do in your desperate attempts to be noticed, so I did not realize this was your post until I started reading it. As you know, I usually just ignore your posts because, like this one, they are a waste of time due to their utter lack of factual bases. As long as I've read this one, I will take the time to reply. My first thought is: Do you really believe the inaccuracies you post, or are you just intentionally lying to fool the uninformed?
You can say that, but it's not true. If you look at the cited article again, you will see a link to a memo from the nonpartisan Wisconsin Legislative Fiscal Bureau.* That is from where the numbers came.
The "link" you provided doesn't go anywhere, but I know to what you refer. Every two years, the nonpartisan Wisconsin Legislative Fiscal Bureau prepares a report to tell the legislature what the State's finances will look like if the next budget is the same as the budget then in place. This gives the legislature a starting point for preparing the next budget. It then makes adjustments and passes a new budget that eliminates the hypothetical (in the most recent case, $1.6 billion) deficit. Wisconsin law requires a balanced budget. Then, if tax revenues on the new budget exceed expectations, the State runs a surplus, as it has every year since Walker's reforms went into effect.
The factual numbers show that, after inheriting a > $3 billion dollar deficit from his Democratic predecessor, Jim Dolye, Scott Walker, with the help of the Republican controlled legislature, achieved a surplus with every budget he enacted.
What check? As I have explained to you and others multiple times in this thread, these are tax credits Foxconn only receives if it meets certain benchmarks. These benchmarks ensure that the economic activity Foxconn creates more than pays for Foxconn's reduced taxes. Ultimately, if Foxconn does not perform as promised, then Wisconsin provides no tax credits. Under the terms of the deal, the worst Wisconsin could have done is break even. Now that significant construction has started in Mount Pleasant, with the attendant economic activity and resulting tax revenues, Wisconsin can only come out ahead.
In other words, dan_c00000, the facts support what I have written. You have replied with untruths and inaccuracies. I win.
Don't worry, though. If you don't want me to crush you again, simply go back to using huge letters in your posts and I'll go back to ignoring them.
* Even the Associated Press admits the Wisconsin Legislative Reference Bureau is nonpartisan.
dan_c00000
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I didn't read your post. You can post whatever bullshit numbers you want but reality is reality. If you look at any other source you'll notice there are huge deficits because of Walker's shitty economy.
I fixed the link but I'll put it in big and bold so everyone can see that your racist math doesn't add up.
Foxconn cost to public nearing $4.5 billion
The state’s Comprehensive Annual Fiscal Report, released this week, shows state government ended its past fiscal year with a $1.6 billion deficit. That’s a big difference from the $385 million surplus announced last month.
Hmm racist dawn look at that number $385 million. Why that's the number MacIver used, weird how that number came from Walker but the actual report says something different.
Poor, poor racist dawn now has moved the goalposts completely and still gotten destroyed.
I've already destroyed your other thread but this is so much fun.
Foxconn operation unlikely to ever create 13,000 jobs
A huge tax break was supposed to create a manufacturing paradise, but interviews with 49 people familiar with the project depict a chaotic operation unlikely to ever employ 13,000 workers.
Racist lying dawn didn't even read that Mount Pleasant and Racine County has already spent $130 million on Foxconn.
Sorry dawn. Looks like you're going to have another shitty weekend at your Klan rally with your alts.
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Matt12191982
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yes, let's tax them back to the 1950s - the good ol' days when 50 million weren't in poverty, and where 50% of the country COULD afford a $400 emergency.
phrodeau
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EmpressJosephine
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From what he wrote in reply, I think he is genuinely that uniformed.
As I've written before, you really are deluded.
I not only live in Wisconsin, I teach Business here. Wisconsin's economy is booming with massive private commercial, industrial, and residential development; record low unemployment; and skyrocketing wages.
I can also assure you that Dawn's explanation of the hypothetical (good word on your part) $1,600,000,000 deficit is correct. It is what is called "structural deficit," which looks at long term revenue trends to conclude that as a budget is currently structured, that will be the deficit in the next fiscal period. The reason it is meaningless is that a new budget is always passed. In this case, it led to a surplus.
Again, as I have established before, you have a problem identifying reliable sources. They are often outdated.
Further, you prefer to cite election year editorials that reinforce your mistaken beliefs, rather than the best sources available.
Here is the actual source, establishing that Wisconsin is, and has been, running at a significant surplus. given this data, and with the election being over, even a Madison NBC affiliate had to admit:
• Wisconsin has ended every year with a budget surplus under Governor Walker. The state ended fiscal year 2018 with a positive balance of $588.5 million based on cash accounting.
• The state deposited $33.1 million into the state Budget Stabilization Fund. The balance is now $320.1 million. This is the largest balance in state history and 190 times larger than the balance in fiscal year 2010.
• General fund tax collections were $18.4 million above estimates. The growth was $626 million or 4 percent over last year. Individual income taxes were $99.2 million higher than estimated.
To use your language, Dawn "owned" you on this one, as she always does.
someoneyouknow
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During FDR's presidency, he raised the top tax rate to 79% but also raised the threshold to which it applied, anything above $5 million. At that time, there was only one person in the entire country to whom this rate applied. John D. Rockefeller.
As far as I know, Rockefeller never went bankrupt due to the tax, never stopped producing jobs because of the tax rate, and didn't leave the country because of the tax rate. For three years he paid this tax rate and his fortunes continued to increase. Later he put most of his money into trusts to be used for philanthropic and socialist programs such as education and medical research.
As far as I know, Rockefeller never went bankrupt due to the tax, never stopped producing jobs because of the tax rate, and didn't leave the country because of the tax rate. For three years he paid this tax rate and his fortunes continued to increase. Later he put most of his money into trusts to be used for philanthropic and socialist programs such as education and medical research.
EmpressJosephine
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Economic theory has evolved since then. The Keynesian basis for the New Deal has come under significant criticism. Many economist have demonstrated that the Keynesian policies adopted by FDR may have ameliorated aspects of the Great Depression, but it worsened others and prolonged it so that what would have otherwise been a few year cycle did not end until the economic mobilization of WW II.
"Education and medical research" are not "socialist," nor are they capitalist, communist, or feudal. You are confusing substance with process. Indeed, private philanthropy is anathema to socialism which would prefer state control over such moneys.
Thank you for your advice. I suppose you have a point, but this font has become my signature here. I remain confident that my logic and eloquence make up for any effect my playful font may have. I also wonder if your comment on my font is a tacit admission that you have no substantive reply to the data and argument I posted above.
Your comment likewise has me curious as to what you think about dan_c00000's use of huge bold and underlined fonts in so many of his posts. Would you please comment on that?
BotanyBoy
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I'm sure the threat of Nazi/imperial Japanese occupation had NOTHING to do with that.
Also there isn't anything socialistic about philanthropy, education or medical research.
JackLuis
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DawnODay
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Fixed your post.
You make a common mistake about what political thinkers consider "socialism."
Just because something is done by the government does not make it socialist. Certain activities are simply those for which we have government, regardless of its form. The most obvious examples of these are law enforcement and the military. Both of these have been the role of government as long as government in any form has existed. Indeed, they are among the most important reasons for having government.
I have seen people try to legitimize socialism by claiming building and maintaining roads is a socialist function. In doing so, they simply expose their own ignorance or duplicity. Major road construction and street maintenance, along with public water supplies and sewers, were hallmarks of Ancient Rome, for example. Again, these things are no more socialist than they are capitalist, communist, or feudal.
The best indicia of socialism include government taking over whole segments of the economy previously served by private markets, and government artificially trying to control the free market. Again, this does not necessarily include all government regulation of the market. Regulations that promote competition, like antitrust laws, or that universally promote public health and safety, are not socialist. Laws that try to steer the market toward particular products, industries, or even individual companies, are hallmarks of socialism.
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