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Thread: Government Coup

  1. #371
    Senior Member iris lilies's Avatar
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    Quote Originally Posted by Rogar View Post
    For being a self professed billionaire, trump doesn’t seem to pay much. That doesn’t seem fair.

    https://www.nbcnews.com/politics/don...tles-rcna62408

    Here is one minute of Steve Bannon saying The Rich will be taxed more.

    https://m.youtube.com/watch?v=gpbdggBngQ4

    What is this world coming to—Bannon saying we need more money and “The Rich” is one source. Trump acting as an Austerity czar. Crazy times.

    This Bannon interview is on NPR if that makes a difference.

  2. #372
    Senior Member catherine's Avatar
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    Quote Originally Posted by iris lilies View Post
    Here is one minute of Steve Bannon saying The Rich will be taxed more.

    https://m.youtube.com/watch?v=gpbdggBngQ4

    What is this world coming to—Bannon saying we need more money and “The Rich” is one source. Trump acting as an Austerity czar. Crazy times.

    This Bannon interview is on NPR if that makes a difference.
    I wateched the whole NPR show. I've always been interested in Bannon--not in a positive/negative way, but in a curious way. Yes, it certainly he seems like an isolationist populist nationalist anti-oligarch who believes in taxing the rich.

    Interesting discussion. I said it here, and I've heard him say it again, that Trump will be re-elected in 2028.
    "Do any human beings ever realize life while they live it--every, every minute?" Emily Webb, Our Town
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  3. #373
    Senior Member iris lilies's Avatar
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    Quote Originally Posted by catherine View Post
    I wateched the whole NPR show. I've always been interested in Bannon--not in a positive/negative way, but in a curious way. Yes, it certainly he seems like an isolationist populist nationalist anti-oligarch who believes in taxing the rich.

    Interesting discussion. I said it here, and I've heard him say it again, that Trump will be re-elected in 2028.
    I doubt it. If it looks like Trump is gonna lean that way, someone will take him out

  4. #374
    Senior Member catherine's Avatar
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    Quote Originally Posted by iris lilies View Post
    I doubt it. If it looks like Trump is gonna lean that way, someone will take him out
    Plus he'll be in Biden territory, age-wise.

    I read a really good interview by NYT columnist Ross Douthat, who I really like, and J.D. Vance. Both are Catholic and Douthat was interviwing Vance in Rome, after the pope's Inaugural Mass. Douthat was grilling Vance on Trump's policies and personality, and Vance commented that he has observed that Trump has an almost bizarre genius for understanding human nature. In the NPR piece, Bannon said that Trump is his own closer--that's how it's been for both of his elections.

    No matter how much Trump is hated and how much chaos he is creating, you gotta him that... genius for human nature and the ability to be his own closer. That's why he's in the White House. Doesn't mean it's right, but he made it so.
    "Do any human beings ever realize life while they live it--every, every minute?" Emily Webb, Our Town
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  5. #375
    Senior Member iris lilies's Avatar
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    Quote Originally Posted by catherine View Post
    I wateched the whole NPR show. I've always been interested in Bannon--not in a positive/negative way, but in a curious way. Yes, it certainly he seems like an isolationist populist nationalist anti-oligarch who believes in taxing the rich.

    Interesting discussion. I said it here, and I've heard him say it again, that Trump will be re-elected in 2028.
    I don’t know much about Steve Bannon other than he always looks so creepy.

  6. #376
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    Quote Originally Posted by Alan View Post
    In 2022 the top 1% of income earners paid just over 40% of all federal income taxes. The top 10% paid 72%, the top 50% paid 97% and the bottom 50% paid 3% of all federal income taxes. Which group do you think is not paying their fair share?
    Where are you getting these numbers? What percentage of their income did they pay?

  7. #377
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    Quote Originally Posted by Alan View Post
    Yes, under a progressive system it makes perfect sense, I'm just curious to know what those who believe the top 1% or 10% or whatever aren't paying their fair share, what would be fair and who would it be fair to?
    Fair share IMO is the same percentage of taxes for all. Example … Warren Buffett exclaimed he paid less in taxes than his secretary. He commented that did not seem fair. I agree!

  8. #378
    Senior Member catherine's Avatar
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    According to an article in the NYT, the effective tax rate for the superrich in 2018 was 23%. In 1960 it was 56%. Allowing billionaires to pay such a low tax rate while their wealth continues to grow exponentially creates a situation where the wealth inequality also grows.

    As I've said before, everyday economics is a Monopoly game. The rich get richer and the poor get poorer. [I'll leave it at that.. deleted some other comments].
    "Do any human beings ever realize life while they live it--every, every minute?" Emily Webb, Our Town
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  9. #379
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    Quote Originally Posted by frugal-one View Post
    Fair share IMO is the same percentage of taxes for all. Example … Warren Buffett exclaimed he paid less in taxes than his secretary. He commented that did not seem fair. I agree!
    I wouldn’t think a flat tax would yield the result you want.

  10. #380
    Simpleton Alan's Avatar
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    Quote Originally Posted by frugal-one View Post
    Where are you getting these numbers? What percentage of their income did they pay?
    https://taxfoundation.org/data/all/f...tax-data-2025/ See the chart at the top of the page for all the numbers I previously posted, plus the percentages you're interested in knowing.
    "Things should be made as simple as possible, but not one bit simpler." ~ Albert Einstein

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