Presidential Debates 2024

[Suppa Hobbit Mage]

For the life of me, I can't wrap my brain around this idea....

Doesn't this mean they would be taxing 401k's?

Which would basically diminish the reasoning for having a 401k...

Do you get money back from the Government if you have unrealized losses?

Do Democrats even understand this discourages people from investing?

and discourages them from saving period. Anyone with enough money will figure out the loopholes and/or move, leaving us a destitute country like Venezuela. What a dumb cunt.

[~Rocktar~]

All we need now is a wealth tax and the government will own pretty much everything and yet still somehow they will be spending trillions dollars more every year than they take in from taxes.

Buying votes with entitlements isn't cheap. Got to pay those downtrodden masses to vote Democrat after all.

[ClydeR]

Hey ClydeRetard, what do you think about taxing unrealized gains?

I assume that is a reference to Biden's 2025 budget, as summarized below. Harris, as Biden's VP, has said that she supports the Biden budget. A proposal in that budget is a tax of 25% of unrealized gains of taxpayers whose wealth exceeds $100 million.

Requires Billionaires to Pay at Least 25 Percent of Income in Taxes. Billionaires make their money in ways that are often taxed at lower rates than ordinary wage income, or sometimes not taxed at all, thanks to giant loopholes and tax preferences that disproportionately benefit the wealthiest taxpayers. As a result, many of these wealthy Americans are able to pay an average income tax rate of just 8 percent on their full incomes—a lower rate than many firefighters or teachers. To finally address this glaring inequity, the President’s Budget includes a 25 percent minimum tax on the wealthiest 0.01 percent, those with wealth of more than $100 million.

More...

[Neveragain]

and discourages them from saving period. Anyone with enough money will figure out the loopholes and/or move, leaving us a destitute country like Venezuela. What a dumb cunt.

How many years of free labor would it take to pay the 35 trillion debt?

Of course that's after we confiscate all the 750 US billionaires wealth. (America's billionaires are now collectively worth a record $6 trillion.)

So, 29 trillion in debt, how much slave labor would it take to produce the GDP to pay off the 29 trillion?

[Neveragain]

I assume that is a reference to Biden's 2025 budget, as summarized below. Harris, as Biden's VP, has said that she supports the Biden budget. A proposal in that budget is a tax of 25% of unrealized gains of taxpayers whose wealth exceeds $100 million.

So, when the people with over 100 million sell off their assets to pay the unrealized gains, the poors 401k will be blown up before they go home at the end of the workday.

The poors don't get to trade stock while they are out swinging hammers and assembling automobiles.

How many jobs get lost after the biggest stock selloff in US history?

How many deaths will be caused by the unemployment?
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1448606/

[Methais]

I assume that is a reference to Biden's 2025 budget, as summarized below. Harris, as Biden's VP, has said that she supports the Biden budget. A proposal in that budget is a tax of 25% of unrealized gains of taxpayers whose wealth exceeds $100 million.

That's fantastic. I asked what you think about it you fucking dumbass.

[ClydeR]

So, 29 trillion in debt, how much slave labor would it take to produce the GDP to pay off the 29 trillion?

Three.

[ClydeR]

That's fantastic. I asked what you think about it you fucking dumbass.

I think people with $100 million should not pay a lower tax rate than schoolteachers.

[ClydeR]

So, when the people with over 100 million sell off their assets to pay the unrealized gains, the poors 401k will be blown up before they go home at the end of the workday.

You're thinking about it the wrong way, which is why you will never have to pay this particular tax. A decline is stock prices is a buying opportunity.

The poors don't get to trade stock while they are out swinging hammers and assembling automobiles.

"Trading" stock is not the way to accumulate wealth.

How many jobs get lost after the biggest stock selloff in US history?

Negative 10 million.

How many deaths will be caused by the unemployment?

Zero.

[~Rocktar~]

I think people with $100 million should not pay a lower tax rate than schoolteachers.

Capitol gains taxes are flat rate so schoolteachers pay the same capitol gains as billionaires you retard.