Under Sanders, income and jobs would soar, economist says

MuyLocoNC

MuyLocoNC

Well-Known Member
Fogdog said:
Actually, he's an old retired used car salesman. But yeah, otherwise what you said.


Of course the wealthy will do just fine under a Sanders presidency. That bit about passing tax-cost of doing business is partially true too. Except for the fact that whoever has the best overall base-cost will win and taxes are not the main driver of cost for most industries. In any case, tax revenue increases must come from upping the level of taxation on income of wealthy, not just on corporations. Higher income taxes will help reset the wealth distribution of this country back to levels more in line with the history of this country. Note, not to destroy incentives of wealth accumulation, just to reverse the trend in this country towards a healthier condition where there is a large middle class with enough income to maintain a standard of living in line with past generations.
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I don't know if 47 is "old", but I know I wasn't old when I retired just before my 37th. It's true I was a general manager of a Saturn dealership at the time of my retirement, but I didn't retire because of my position. Real estate baby!

Industries aren't my primary concern, it's the small businesses that struggle to stay afloat, that will be the hardest hit. They will be passing every penny of new tax to their customers, out of sheer necessity.
 
S

spandy

Well-Known Member
Elwood Diggler said:
stick with commercial real estate or single family homes if you want to be a shark
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We have been successful in the slum lord department thus far. Flipping homes isn't something I would ever get into. Dont have the knowledge or money I'm willing to lose playing that game.


NLXSK1 said:
Most people here are not here to debate.
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Wait, what? Who comes here for debates? Once I hear the other sides position it just reaffirms why I feel the way I do. Mind changing? I still use the same nutrients after all these years...

MuyLocoNC said:
Industries aren't my primary concern, it's the small businesses that struggle to stay afloat, that will be the hardest hit. They will be passing every penny of new tax to their customers, out of sheer necessity.
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Every penny. Not here to give it away or take pay cuts. Business will continue to grow and make money, and if I have to let people go or raise prices to do so then so be it. First second and third choice will always be to pass it on to the customer though, dont want to lose any of my guys. We are like family around here. Many many bbq's with the employees families over the years, boating trips to the lake, hunting/fishing is an almost every weekend thing some months,even jumped on a plane couple years ago and flew them all out to Moab for that crazy Jeep experience. But we've all talked about it and they know the score. This is my rodeo and my family always comes first, period. If they dont want to be in that situation, there are lots of empty commercial buildings in town if they would like to try it themselves.
 
Red1966

Red1966

Well-Known Member
Astro Aquanaut said:
If you think those numbers are anywhere close to what he will need to provide universal healthcare and free advanced education you are dreaming... Hence why most other nations are at the 40% mark... He will need to double revenue for the federal government just to break even on Universal healthcare...

Bernie is a professional politician, and thinking he can provide you with healthcare, education etc for the same rate is simply naive... We have plenty of models to look at across Europe...
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You have to remember Bernie's theories are dictated by his work experience. He was a welfare recipient and then a politician. His entire life has been spent living off the labor of others.
 
Red1966

Red1966

Well-Known Member
Padawanbater2 said:
$250K and up = top 3% of the US population

+5% increase on income over $250K-$410K
+2% increase on income over $410K-$465K
-2.6% decrease on income over $465K-$500K
+3.4% increase on income over $500K-$2 mil
+8.4% increase on income over $2 - $10 mil
+12.4% increase on income over $10 mil

These are not radical numbers. Tax rates have been much higher in the past while the rate of economic growth was higher than it is now:



As you can see, GDP growth and tax rates do not share a direct correlation



https://berniesanders.com/press-release/american-families-save-thousands-under-sanders-health-plan/
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I don't see GDP shown on that chart. Would you please look at your citations before you claim they say something they don't?
 
Red1966

Red1966

Well-Known Member
ttystikk said:
Have you noticed how often they like to make up their own definitions- and then wonder why we just laugh while we beat them over the head with Mirriam Webster, again and again?
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Mirriam Webster? You cite nothing but leftest blogs and try to pretend that's Mirriam Webster?
 
Elwood Diggler

Elwood Diggler

Well-Known Member
bernie's policies work everywhere they've been implemented and all have a higher quality of life than the u.s. there's a reason he's respected in vermont and anyone can check his record. pay no attention to the partards who can't point to one conservative policy that has worked. all they have is trump and anyone not in the clown car knows that would be a disaster

http://www.mapsofworld.com/world-top-ten/world-top-ten-quality-of-life-map.html
 
Red1966

Red1966

Well-Known Member
Astro Aquanaut said:
Dunno seems to be working out fine...

If you are telling me a single bedroom or studio apartment in Manhattan is a poor investment at below market value then I dunno what books you are reading...

If you buy off plan in london and obviously you have to run the numbers I have experience 100+% gains within 5 years...
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Any time you can buy ANYTHING at below market value is a good investment.
 
Red1966

Red1966

Well-Known Member
Elwood Diggler said:
yes, especially in cities like new york, la, chicago, miami. those markets are very tight and serious professionals that are on the inside are all ready and able to crush a newb. you can still do it but you best have very deep pockets while they school you. if you hang on long enough, they'll accept you and you'll start running into deals but i'm talking multiple $millions deep.

go buy a couple of 4 families in foreclosure (or some other form of distress). rehab and hold out for strong tenants. rinse and repeat for 10 yrs and never work another day.
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So...make money by taking advantage of the misfortune of others?
 
potroastV2

potroastV2

Well-Known Member
MuyLocoNC said:
Doubtful, but even if it's true, we're far better armed and the military members (mostly OUR children) will fall in behind us. There's PLENTY we can do about it.
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That's exactly what a redneck idiot would say to try to intimidate others.

Are you sure you're not a redneck?

:mrgreen:
 
MuyLocoNC

MuyLocoNC

Well-Known Member
Red1966 said:
So...make money by taking advantage of the misfortune of others?
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Fuck yeah. That's how I made enough to retire young. Their misfortune has already happened in most cases,
rollitup said:
That's exactly what a redneck idiot would say to try to intimidate others.

Are you sure you're not a redneck?

:mrgreen:
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Funny, it's clear that was a response to an intimidator. Or didn't you actually read the post I was responding to?
 
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