President Biden unveiled a 2024 budget proposal that revived his calls for massive new social spending and tax hikes on the rich. House Republican leaders have called this proposal “reckless”. #biden #taxes
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@goshdarnchicken2 ай бұрын
"But if we fix the problem, how will we convince people that you're evil and they should vote for us?
@paulkerrigan98572 ай бұрын
That is exactly it. They park in the middle of the road then stand on the roof of their car complaining about the traffic jam. It’s their entire political model.
@thedarkbard2 ай бұрын
The entire political system is f-ed up. Everyone on both sides should see that.😊
@saintsfearfulАй бұрын
@@paulkerrigan9857it’s been that way since Reagan and his “government bad, corporations good” philosophy.
@kievbutcherАй бұрын
@@paulkerrigan9857 the coin has two sides
@RichardChappell1Ай бұрын
Hahahahahahahahahahaha. YOu guys are all about signalling your virtue. WHo cares that there is no chance for it to actually accomplish it (whan a Democrat names a bill, it is usually the oppsite of the name), but you can say you tried. You can't send billions to a manufactured war in Ukraine and then complain that people don't believe you.
@Orzufancylad Жыл бұрын
Inb4 people making 20k a year come in to Stan for people making 400k a year.
@naf8787 Жыл бұрын
Ah yes so if I'm successful it comes back to bite me in the ass what a backwards country
@ad_astra52 ай бұрын
“It’ll be me one day, I just know it!”
@user-de4fp3mj8h2 ай бұрын
Godzilla had a stroke reading that.
@EllRiver2 ай бұрын
"Oneday ill be a billionair"
@BlueScreenCorp2 ай бұрын
As someone who makes 120k a year, 400k would be an insane amount of money to be earning, and I couldn't imagine complaining about taxes at that wage
@morganhawkins22502 ай бұрын
Don't worry the GOP has made it very clear to what they want to cut. It's mostly education, EPA, NOAA and anything else that may stipend business and profit. Basically just apply ferengi logic and you'll get their budget proposal.
@otakon17Ай бұрын
Even the Ferengi aren't that bad.
@willplume1555Ай бұрын
Stymie
@tommyl5319Ай бұрын
Wait, you forgot to mention they want to _further_ cut taxes for corporations and the rich. The cuts run deep!
@abonfire88Ай бұрын
I see no problem with slashing the budget when the government learns how to not start wars and be corrupt they should have next to zero budget
@spehhhsssmarineer8961Ай бұрын
wow, everything that violates the commerce clause!
@letsplaygtag48422 ай бұрын
Rewrite the whole tax system. Close the loopholes. End the cap on social security.
@edwxx200012 ай бұрын
thats harder said then done, but I like the positive thinking.
@justinchase66662 ай бұрын
Most people dont realise but if you look at government spending the biggest outliers are the military, pensions and Healthcare. Us spends more on healthcare then most places where it is "free". Pensions are what's really killing basically every country with them because they are a pyramid scheme based on a ever expanding youth. Military spending does return gdp growth in terms of innovation and safety but they need to fix there accounting since trillions is disappearing.
@therealgooseman23582 ай бұрын
That's what the IRS is currently working on
@Hehemann0072 ай бұрын
What do you mean with "end the cap on social security"?
@letsplaygtag48422 ай бұрын
@@Hehemann007 Any income beyond $168,600 does not have to pay social security taxes
@kodakoala2 ай бұрын
Or be desantis he just cut the whole states school art and music programs...... It was a blip in the budget he sucks
@goshdarnchicken2 ай бұрын
Can't be having those woke fine arts yk /s
@GrinchLite2 ай бұрын
Coming from someone who was in an arts program, most fine arts funding comes from scholarships from private entities and fundraisers.
@Who8mydamnoreos2 ай бұрын
But a win for the uncreative losers
@MattMerica76Ай бұрын
It was also 3.1 percent of my state’s GDP🙃
@CaosBoyCathianАй бұрын
Yeah, I came from the richest county in Florida, they wasted almost a billion dollars on a theater that gets used for school events twice a year. On the plus side Inside Out was fire on 500 inches.
@kingace6186Ай бұрын
It's a simple, common sense policy. So naturally the GOP will refuse to play ball.
@grunholdАй бұрын
Ah, yes, the social security nobody born since 2000 will ever get to see
@Dojima-SanАй бұрын
I was born in 89 and I guarantee I won't even see it.
@Fir7shadowАй бұрын
My mother was born in '71, and it's extremely doubtful she'll see it.
@user-qt8ko4gm2kАй бұрын
You mean the social security that hundreds of thousands of people in this country are currently completely dependent on because they got old? Yeah, she was talking about that. It sounds pretty important, maybe in need of reform instead of outright dismissal given how many lives it's saved.
@johnhildenbrand2642Ай бұрын
Since 2000? Your hilarious, you think 80's or 90's babies will see any of it either? The folks on it in the next decade or so are it, enjoy it while it lasts folks, the rest of us are just plain screwed
@christianeaster277629 күн бұрын
Because of Republican policies. Remove the cap on social security tax and repay the over 1 trillion dollars congress stole from the social security fund and social security will be there for the foreseeable future.
@andrewcook8300Ай бұрын
How about instead of increasing taxes, we stop subsidizing private companies who support political campaigns.
@krislynch9426Ай бұрын
Why not both?
@stevec.9037Ай бұрын
@@10054 did you watch the video? the tax hikes are just for the ludicrously wealthy people who we either tax less than the average person or not at all, because our tax system was set up under the assumption that trickle-down works. if those people paid the same percentage we do, they could fund the government entirely on their own without us having to pay a dime. if this proposal were to go through, which it won't because it would go against the interests of the rich old fucks in congress, you wouldn't pay any more on your taxes
@dimitrikemitskyАй бұрын
How about we stop making absurd false dichotomies. We could do both.
@arcturus4762Ай бұрын
If they did, you wouldn't get these shorts anymore lmao
@Sweet-VermouthАй бұрын
@@10054lol, if you can only afford 1 meal a day, you aren't making $400k. If you bothered to watch the short, they are only increasing taxes for people who make more than $400k.
@alongcamekarma2 ай бұрын
We already can barely eat and healthcare is the number one reason americans go into debt. Juat reinstate the taxes for the rich that trump cut for them, stop taxing on a bar system with a cap, do it by percentages. The amount it would fund would be astronomical.
@MauriceOfInfiniteAtrocitiesАй бұрын
Just making sure you don’t mean one tax rate for the entire population, because that is a very stupid idea.
@alongcamekarmaАй бұрын
@MauriceOfInfiniteAtrocities No, not a base rate, that would be ridiculous and even more negative than we have now. Imo we should adopt what we see other countries doing that is working. We are supposed to be the best, so why wouldn't we do that? My solution would be a percentage based tax rate and capping what higher management positions (think ceos) can earn. Right now our system caps put around 200k. So someone making a 200k a day will pay the same amount of taxes as someone that makes 200k a year. Why? Sweden has a law so ceos and such can't make more than 4x what the average employee makes, but our largest employees (walmart, Amazon, ect) make far far far than that while their workers are the highest group that still needs government assistance like food stamps. If Amazon's full time employees meet the poverty threshold to be approved for food stamps, why in the world can he live so comfortably? It needs to make sense and work for the average person.
@crragg1022Ай бұрын
@@alongcamekarmaI live in Sweden, that is not a law here
@alongcamekarmaАй бұрын
@crragg1022 perhaps you should look into it? Starting in 2023 a salary cap was indeed implemented. Just in case I was wrong I googled this again, and it is, indeed, a thing.
@eljefe09Ай бұрын
You do know that any profit that large companies make every year generally get reinvested one way or another back into the company. Even if they cut a CEOs pay there's no way to force them to pay their employees more or to tax them on that money. Companies decide how much profits to show on their tax returns. So let's say a company makes 100 million in profits this year, well if they start a company expansion and it costs them 110 million in equipment and materials then technically they didn't make 100 million, they now lost -10 million for the year and could probably get money back from the IRS. There is no way to implement a plan like this video and you are proposing without completely dismantling the whole tax code and starting fresh.
@spacespector2 ай бұрын
Just make Elon pay taxes on his 50 billion dollar bonus and we are good to go
@tyharris99942 ай бұрын
Have you done the math on that? We could tax the billionaires at a 100% rate and it wouldn't fund the government for a month. And you would have killed the goose who lays the golden eggs and creates all of that productivity and revenue by allocating capital that you have now seized. There are not enough billionaires to sustain our levels of spending. If the people want all this spending then the people are going to have to pay for it themselves. That means the half of the country that pays no net tax after credits. The wealthy already pay all the taxes and the middle class is tapped out.
@NoahLange3372 ай бұрын
Elon Musk paid over 30 billion in taxes in 2023, the highest in US history
@Pyserty352 ай бұрын
Well then how the hell is he supposed to keep employing people and advancing American ingenuity
@infinitytower89572 ай бұрын
@@tyharris9994 Actually I just added it up; If you take every American billionaire richer than Ann Walton Kroenke (don’t feel like doing them all) and add it up, it equals not just a month but a whole year of federal revenue! Sources, fiscaldata.treasury.gov and Forbes billionaire list
@Sure_You_Betcha2 ай бұрын
@@tyharris9994 that statement is false... Those people aren't paying taxes.
@vermas4654Ай бұрын
But this is taxing rich people. So the GOP will never agree to it.
@anialator10000002 ай бұрын
Tax hikes are pointless when there are plenty of loopholes that make it so major companies don't even have income to be taxed. Close the loopholes first. Tax hikes only affect the people who are honest and small businesses that are the main thing preventing the big businesses from doubling prices and pretending its inflation because some of them won't do that and get all the customers.
@user-de4fp3mj8h2 ай бұрын
I'm sure these taxes are meant to adress that, otherwise what would even be the reason to doing it at all
@saber56942 ай бұрын
@@user-de4fp3mj8hthe bill dose nothing to close the loop holes. I wouldn't expect then to either. Its hilarious anyone thinks A group of rich multi millionaire saying they are going to raise taxes on themselves without a loopholes.
@anialator10000002 ай бұрын
@@user-de4fp3mj8h Why you ask? Because it makes you feel good to think that kind of thing. Notice how you dove in to cover for them. "I assume it will work in the specific way I wish it would work". Your own bias drives you to fill in the gaps, make assumptions without proof, because you like the base idea, and that makes you want to vote for them. Why wouldn't they lie to make you feel good and want to vote for them while in reality doing almost nothing to the actual rich people you want to be affected (who by the way are huge donors for these politicians specifically to get those loopholes in in the first place)?
@ObiwanNekody2 ай бұрын
The biggest way to close loopholes is to properly fund and motivate the IRS. This is why the GOP works so hard to do exactly the opposite.
@polecat32 ай бұрын
Pointless is an unhelpful exaggeration
@repoilify Жыл бұрын
please build trains 😢
@chuckeycheese32152 ай бұрын
I feel you brother
@edwxx200012 ай бұрын
from where to where? the population density of most of the US coupled with the size makes commuter trains in the us next to useless. only the north east and the west coast ( and the Texas triangle) is dense enough to make any sense, even then you aren't getting high speed rail without making whole new tracks.
@Iden_in_the_Rain2 ай бұрын
@@edwxx20001trains should entirely replace semi trucks, and should also be an alternative method for intercity travel
@akilaathi4582 ай бұрын
@@edwxx20001aren't they building them in California
@edwxx200012 ай бұрын
@@akilaathi458 yep, US west coast, and its takeing a very long time and tons of money because they have to build whole new highspeed rail in already built up areas which is leading to every single home owner, town, city, and environmental group gets to have their day in court before they can build it. High speed rail makes sense between the major west coast city's, but once you get off the coast, the population density drops so much it doesn't make sense to build more. its hard to get the US government to pay for trains that don't go between multiple states. it took the cold war, and every state getting promised roads to get the interstate highway network built.
@phoenixzero-me7rvАй бұрын
Stop spending money we don't have
@henryal1Ай бұрын
That is so true!
@KeterClass2155Ай бұрын
Bitched for years about how the Trump tax cuts were harmful and waited until voting time to propose doing anything about them.
@stevec.9037Ай бұрын
it's not like proposing anything is going to make a difference, a congress of rich people isn't going to vote against their own personal interests for the good of the country
@KeterClass2155Ай бұрын
@@stevec.9037 you're 110% right.
@bigd1643Ай бұрын
Just stop wasting money. Daddy gov steals Enough of my money already.
@josephkelley3035Ай бұрын
It is UN-serious because we are missing the real problem. No Matter What We Cut We Still Need To SPEND LESS!
@australiananarchist480Ай бұрын
Reduce the deficit by reducing spending.
@Firstand25toLifeАй бұрын
It’s a spending problem, not a Avenue problem
@Firstand25toLife28 күн бұрын
@@Galdenberry_Lamphuck rich people do pay bills….. you peasant. You can whine and cry….. you’ll still be poor. Also, that doesn’t address my point.
@toomanyrads3827Ай бұрын
Yes, this will absolutely work. “Just raise taxes” works every time with no blowback. I swear it’s like having a 7 year old make policy changes.
@Dragoon-zs8vm24 күн бұрын
For the last I don’t know 60 years we have consistently lowered taxes on the richest in America. All that has happened is that wealth has grown more concentrated whilst the Deficit has increased. Raising taxes, even in a relatively insignificant degree on our wealthiest, which probably doesn’t include most people here, would make a significant difference.
@giraffetamer12Ай бұрын
right, the solution is to take more money from people, not to stop spending it in the first place. god bless america
@augustuslunasol10thapostleАй бұрын
Are you even listening to yourself? Tax the rich properly and you complain? Mfer you’ll never be one of them
@842wolvesАй бұрын
I feel like we should look pess towards increasing tax rates and moreso towards reducing all of the carve outs for benefits that lead to so much revenue being lost.
@warbananas6858Ай бұрын
Old governments: tax the poor New government solution: tax the rich
@SeanSoraghanАй бұрын
Flat rate tax with few exemptions will raise billons and be fairer
@henryal1Ай бұрын
Sadly, I don't think that's ever going to happen😢
@spifinatorsxpwindow3379Ай бұрын
HOW ABOUT WE STOP SPENDING SO MUCH MONEY!!!!
@glorifiedonion667629 күн бұрын
But how will the poor poor billionaires pay for their private jets 😢
@spifinatorsxpwindow337929 күн бұрын
@glorifiedonion6676 they won't it will just get passed to the middle and lower class with price increases like it always has, that's why it's a waste effort
@doctorzed7706Ай бұрын
The problem with trying to tax the rich is they know the tax system and will wind up paying nothing anyway.
@apiary1Ай бұрын
Stop giving money to Ukraine and stop losing BILLIONS that suddenly get found, and help the people in Maui. #Lahaina
@MB-dn1fxАй бұрын
Why is it always taxing the rich, because what’s the incentive to earn more money if you’re going to be taxed even MORE than you were before? Why can’t we just have flat blanket tax for everyone?
@pugz3230Ай бұрын
My guy their bank accounts are just a game of watching big numbers get bigger. Billionaires have so much money that it's impossible to spend it on anything meaningful. That money shouldn't be going to them. It should be going to the people who can't afford food and rent at the same time.
@MB-dn1fxАй бұрын
I’m not talking about the 1%, I’m talking about the other areas
@NerazmusАй бұрын
It's tax the rich for many reasons. Simply because nobody needs billions to live and thus they can afford ir, to incentifise investments and spurr the economy, to protect the lower and middle strata, ... We shouldn't do flat tax, because for that to bring in enough revenue, it would be so high it would decimate the middle and lower strata.
@phoenixofthestixАй бұрын
One hundred dollars is make or break to a poor person, it's a sneeze to a wealthy one. 10% of your income would cripple poor families and empower the wealthy further. That's idiotic.
@MB-dn1fxАй бұрын
Never said 10%, and is everyone forgetting how the American Revolution started?
@richardgunther416429 күн бұрын
You give the government more money they are just going to spend it and the deficit will be unchanged.
@genericgoat25 күн бұрын
Not to be that guy but social security was a bad idea that was doomed to fail. It's all the drawbacks of putting money into a retirement fund with none of the benefits. It was incredibly short sighted and made the assumption that the US population would continue to grow quickly and that the life expectancy would stay somewhere around 60 when you had to be 65 to receive benefits.
@ianoneal3543Ай бұрын
it's always over the next ten years as if a future president has to abide by it
@josephtiseo3303Ай бұрын
If you aren't cutting 3 trillion a year you haven't even started yet
@Dragoon-zs8vm24 күн бұрын
That would require austerity measures, ask Britain how fun those are.
@angelrios58972 ай бұрын
THE DOCUMENT.
@Brazzy61424 күн бұрын
“Investors” are not just billionaires and rich people. How would these plans effect the retirement plans that almost every working American has?
@benjamincretsinger11982 ай бұрын
I mean the president never gets their budget passed even when their party controls congress
@atlas_bun29 күн бұрын
The taxed enough already crowd always complain about how the government doesnt do anything and the debt is out of control. Its almost as if you cant run a functioning government on thoughts and prayers.
@RoncoAlAdigeАй бұрын
Dissolve the IRS and federal
@Roarke23126 күн бұрын
Yeah, and when the deficite goes down, the taxes wont.
@brandonlink65682 ай бұрын
Could've cut the deficit by not passing another trillion dollar military budget
@modernNeanderthal8002 ай бұрын
Have you seen the free world vs the not so free world? I could see relocating police funds to schools, and legalizing marijuana to further fund schools But we need the military, it simulates the economy and protects the global economy
@The_Knight_of_Helles2 ай бұрын
So you’d rather have communists and terrorists assaulting NATO in order to have a few more houses built?
@angelusb20662 ай бұрын
@@modernNeanderthal800you have google we’re over funding by a lot
@ForeignMinds2 ай бұрын
@@modernNeanderthal800 when was the last time the usa won a war and actually gaining resources from it
@modernNeanderthal8002 ай бұрын
@@ForeignMinds winning wars is nice, America has been PREVENTING war, especially in a global way since at least 1947. Personally I think politicians LOVE to play war, but America likes to speak up. Today we have a fine balance between voluntary military personal who get live training and are MACHINES as well as avoid losing personal to war
@TylernsuchPvPАй бұрын
Nice at reducing it by 2.9 trill, but spend over 100 tril in the next 10 years
@saucy743Ай бұрын
Stop spending 800 Billion on the Military alone may help.
@tuber1987122 ай бұрын
Thats how they should do it, take money from people that actually need it. Why tax the rich, they obviously need those billions to survive in thos big mansions they have.
@samuelmerkel2888Ай бұрын
Ah, yes, wealth taxes. Genius
@tylerboothman4496Ай бұрын
Pay your taxes, or get out of my country
@samuelmerkel2888Ай бұрын
@@tylerboothman4496 Pay even more taxes, or get out of my country* I fixed it for you
@BlendyBoiiАй бұрын
@@samuelmerkel2888 an article from March 13, 2024 describes how billionaires like Musk, Bezos, and Bloomberg pay no federal income tax
@tylerboothman4496Ай бұрын
@@samuelmerkel2888 Yeah, pay more than the 4% rate or whatever tf you pay.
@samuelmerkel2888Ай бұрын
@tylerboothman4496 I don't think you actually have any idea how much the top 10% pay in taxes. I'm not saying you can't get more out of them, but they pay all net taxes in the country. As in, they are the only people who pay in more than they get out. And the minimum they can get their taxes to is not 4%
@moshimeshowu747 Жыл бұрын
I do really like this shorts format
@WilliamsTalks2 ай бұрын
Algorithm be tweaking
@famvirious2 ай бұрын
Instead of tax hikes try reducing spending on stuff like Congress and Senate wages.
@Funnel_the_FunАй бұрын
I did the math once and while it wouldn't make a dent in the deficit it could be appropriated to other things (cut-go).
@andrewcoolАй бұрын
It would also further make Congress only avaliable to people who are rich enough to run.
@famviriousАй бұрын
@@andrewcool it already is only available to people rich enough to run
@famviriousАй бұрын
@@Funnel_the_Fun what was the math. Bc I know cuts could decrease spending in the 8 figures which is beneficial
@Funnel_the_FunАй бұрын
@@famvirious even if you were generous and proposed getting rid of pretty much everything spent on congress in benefits, you wouldn't walk away with more than a few million. Which is hefty, but not enough to make a dent in the multi-trillion dollar deficit or meet the billions in funding required for any new programs.
@raytor77942 ай бұрын
We can’t afford that 😅
@IAmSpectreOneАй бұрын
Pull a Milei and cut the budget down until we are see green again. Seriously, why is that ao foreign to people. The government does not need to employ everyone.
@Demopans5990Ай бұрын
Yes. Cut the military as well
@TransitTechLAАй бұрын
*reading all the comments of those making min wage literally stanning for millionaires.
@owenstephens3389Ай бұрын
Over $400,000 a year. What a coincidence that that is exactly the presidential income per year.
@BananaBLACKАй бұрын
I am so tired of the gops faith-based economics.
@mattdies3208Ай бұрын
Be nice to be Congress and give yourself a raise for doing nothing for two hundred years
@gabrialcanada67642 ай бұрын
It's extremely serious. Fork the ruling class when we're struggling with groceries it's past time to ask millionaire and billionaires to pay up. It's pay up or pitchforks. That's the historical model. This is let them eat cake territory.
@Hippo_HegemonyАй бұрын
So, the people in charge of the money spent more way than they had. Now, in order to fix the problem, they want more money? I dont think giving money to people with bad money management will suddenly make them better at mangaging money.
@welcomeback29122 ай бұрын
How much of that is foreign aid? We don't know. Cut that and we'll be fine
@masonkini3271Ай бұрын
I mean I have an idea take congress pay and make them fix it
@sybilk9132Ай бұрын
Lol i love this channel
@KailyKailАй бұрын
Then they’ll tax people who make $10,000/year, and then they’ll spend another $5 trillion a year.
@carlburgess4235Ай бұрын
The reason we ALL pay income Taxes is due to this idea that our politicians will Tax the rich. In the end they just tax everyone and put in loopholes to exempt themselves and their donors.
@glockmat2 ай бұрын
The US annual budget is 6.3 trillion dollars, with 4 being "mandatory" and 1.7 being discretionary, with .5 tri in interests. BTW Military is around 800bi total So you want me to believe that: A - That there is 2 trillion dolllars of taxable money floating around. B - If the government approves of it they will actually decrese the deficit. C - That the next administration will pay off debt instead of just bumping the budget to 8 trillion and leaving at that?
@johnweatherman5685Ай бұрын
And the whole thing assume that if you tax the job makers they will continue to make jobs, not that the whole economy is subject to a drag the results in overall revenues. JFK got this right, to increase revenue you have to reduce tax rates.
@kiwiPatchAzАй бұрын
We don't need more taxes We need to just cut. Spokennoise and stop spending so much on our military. And in reality, we should force the military to pay for its veterans. They have that massive budget.Why is nothing utilized to take care of its own
@andreasmuller4666Ай бұрын
Tax the rich, that´s how it goes if you want to fix your damn mess.
@the_stewbearАй бұрын
TAX CHURCHES
@forzared101Ай бұрын
We are always one tax hike away from utopia.
@TehDroppedBassАй бұрын
Hmmm. Over $400k a year only? Hmmm. What was the presidential salary again?
@JonathanScarletАй бұрын
Why do we genuinely believe that taxing the rich will incentivize them to pay more money? Or grow their assets to have more money that you could tax? Or want to be in America where their asses are taxed to oblivion? Why would us normal people want to grow our wealth when we know we're about to get a tax hike if we make just a bit too much? If I was a rich person and I heard about this, why would I not try to get as much stuff as possible out of America so I wouldn't get taxed? Or look for any possible loopholes to stop them from taxing me further? While the obvious primary answer is that the govt. needs to spend far less than it currently is, alongside cutting or removing a lot of excess bureaucracy and programs that don't work/no longer/literally cannot be afforded, making the rich pay more (when I would bet a fair amount they already pay a lot as it is) isn't going to help. Incentivizing them to invest and build in America through lower tax rates, a reliable (and legal) workforce, and competitive wages that are fair for both the business and their workers will do a lot better job. That, plus consumers knowing how to actually foster competition through not being blindly/naively loyal to a single brand without good reason. A better option might be to push for a static consumption tax. A flat rate on any goods purchased that doesn't change based on how much you owe but is based solely on purchasing quantity (both in how much in bulk at one time and in how often) would be better, though I don't know at what point it'd equal or better the current tax system.
@chocopuddingcup83Ай бұрын
Meanwhile people eating pork n beans out of a can in front of their trailers are voting for the billionaire that keeps asking them to donate money to him so he can pay for his criminal activity.
@BigBoi-om9qtАй бұрын
The fact that Biden thinks he’s winning is so funny
@PokeTheThing2 ай бұрын
Id love to see a flat tax with no bells and whistles. But Im also a realist to know all the billionaires would just move and take their businesses with them.
@hankrearden20Ай бұрын
They were never true Americans then.
@grottlesgrotto6152Ай бұрын
To be fair with loop holes they currently are using, their on paper income is 0 isn’t it?
@AroAceEnbyTasteАй бұрын
TAX THE RICH! TAX THE RICH! TAX THE RICH! TAX THE RICH!
@user-fx2bx1gz4cАй бұрын
Is this supposed to be funny?
@abdulibrahim50924 күн бұрын
Well you say "investors", and don't understand that everyone in the country working a decent job or owning a business and is setting up for retirement is in that category... So you're leaving out that this means raising taxes for basically everyone that works any job period... But ok... I guess... Yeah if you raise taxes for everyone which is the most common thing to do you will reduce the deficit and also hide the fact that Democrats wasted all our government funds in the first place... Did that really need 128 pages to say we're raising taxes for everyone though??? And you highlight businesses, billionaires and anyone making decent money will now be taxed like four times on their income... Biden proposed the death of the American Dream of working hard and making a good future for yourself... Seriously do you know how many times that means you're going to be taxed now if you start making money... We're all slaves now basically
@quintessences2 ай бұрын
Taxation is supposed to be the ultimate equalizer. If everyone were taxed equally we wouldn’t have wonky ass budgeting that curves around being wealthy.
@Jake_C752 ай бұрын
The whole system needs to be changed, theres 0 reason people like me making 52k a year should be taxed 18% it’s ridiculous
@nobodyburgen45942 ай бұрын
So that rich people pay 0.005% of their income and poor people pay 90%? That’s the dumbest thing I’ve ever heard. It would never work, which is why we use a normal, proven to work taxation system.
@nobodyburgen45942 ай бұрын
Unless you mean equal percentage, which is also stupid, because poor people need to keep all their money in order to be able to afford to live, whereas when you make 3’000’000 a year you can survive on "only" 1.6 mil.
@rich_man_mo71802 ай бұрын
Bro my family was taxed 43% in Total. We don’t even make 150k
@nobodyburgen45942 ай бұрын
@@rich_man_mo7180 You don’t even make 150k? Poor baby! ;(
@taumctauface1886Ай бұрын
What if we, stopped paying other countries bills for them? Radical I know.
@tacocat42522 ай бұрын
We need to reduce the debt! So you’re gonna stop spending so much right? Don’t be silly, we’re just gonna take more of your money and spend MORE
@gabehasfurther4081Ай бұрын
Oh sweetie, you don't make over $400,000 a year. 😊
@tacocat4252Ай бұрын
@@gabehasfurther4081 implying they won’t insist upon making everyone pay more anyway
@NerazmusАй бұрын
@@tacocat4252 No, nobody is implying anything, we just know how to read.
@Ionel714Ай бұрын
God I'll never understand how Biden isn't the automatic choice of every American He's old, absolutely but for the love of god HE'S ACTUALLY INTRODUCING WHAT Y'ALL WANT AND NEED
@NerazmusАй бұрын
That's the thing. Magatards don't want it because they think Trump will make everyone into a millionaire.
@treys262 ай бұрын
Same reaction. Translation: kick rocks until you can deliver a true bipartisan solution.
@treys262 ай бұрын
Following up in case it wasn’t clear enough: get fuct
@Android_DrewАй бұрын
You let the government tax more, they’ll just spend more and get the country more into the hole! There needs to be spending regulations, and you want cuts? Cut military aid to foreign countries. Pull out all of our foreign bases. Reinvest that funding to the struggling programs we have at home. It may sound cruel, but sometimes it’s like when the masks drop on an airplane - you need to be able to help yourself before you can help others.
@roysherwin9348Ай бұрын
We have a $1.8T budget deficit ANNUALLY. Congress has shown that they can always out-spend increased taxation. THE PROBLEM IS SPENDING.
@ohaloohall4520Ай бұрын
Not true at all. I read it it attacks small businesses owners
@pugz3230Ай бұрын
How? A small business owner does _not_ make a profit of 400k/year.
@SvabreАй бұрын
You know the French Empire did the exact same thing until Napoleon turned up…
@NerazmusАй бұрын
No, the french Empire did the exact opposite. They taxed the poor to sustain the rich.
@FabermainАй бұрын
Hear me out, what about less speeding?
@adamriehl8166Ай бұрын
Ya’ll seriously don’t know how economics work do ya?
@the5002ndpanda2 ай бұрын
The tax understanders have arrived in the comments, it seems.
@darsparxАй бұрын
I mean geezus tax tf outta those that make a stupid amt between stocks and everything else. Like if youre making more than a mill you should be good to be taxed 100% after that so people can live. Its unethical to be rich while others not as lucky or evil suffer 🙄
@levifowler7933Ай бұрын
Remember when they said that the new IRS budget was for the ultra rich, then refused the amendment that said that the money had to be allotted to pursue the rich instead of lower class people?
@jacobsmith2577Ай бұрын
Eliminate income tax, go to a sales tax system on luxury goods (not foods), divest from China (strong tariffs and bans) and switch industries either back toward US or other strategic partners. Sell federal land to reduce land prices and by consequence reduce prices on homes. Print less money and spend less by reducing executive branch. Close borders and empower states to assist in apprehension of illegal criminals, Of course there’s more but I’m tired.
@TheHauntedKiwiАй бұрын
Slave runs to defense of his masters. Malcolm X once described people like you. You know, the one who works in the house and not the fields.
@NerazmusАй бұрын
Now do explain why you want to destroy American economy.
@kirbo1248Ай бұрын
Yeah sure it may be people who have the spare money but at the end of the day it's the governments debt, and they have to use other peoples money just to pay for their own mistakes.
@NerazmusАй бұрын
You are free to move to a place where government doesn't pay for your roads.
@lukeporter85742 ай бұрын
The top 1% earned 26.3% of total AGI and paid 45.8% of all federal income taxes. Taxing the rich even more only discourages them from investing, thereby hurting everyone.
@jacobc92212 ай бұрын
Awwww how cute, you still think the ultra rich care about helping the country? Sorry to burst your bubble, but that's not how they got rich🥰
@monkeylordomega2992 ай бұрын
Thank you plus if I was rich and was told I have to pay like 10 percent more incomes tax inleav the country
@jacobc92212 ай бұрын
@@monkeylordomega299 "If I were rich" first of all, you're not. If you're 25 and still under a million, give up on being a billionaire or richer now. Second of all, guess what would happen if you left? Someone else who's not used to low taxes would take your place, especially your corporation's.
@zealisrealfan2 ай бұрын
Ofc the top 1% pays most of it. 90% of America makes less than 200k and only make up 33% of all the wealth in America. Thats how inequality works.
@exodusuno2 ай бұрын
@monkeylordomega299 guess what would happen if you left the country? You'd pay MORE taxes since even with the tax hikes the US would still have one of the lowest taxes, that's how low we currently are
@USATukker2 ай бұрын
Tax hikes are pointless, unless the government starts reducing their spending.
@loremastervoidless1026Ай бұрын
Wouldn't work anyways.
@michaelkaruza4902 ай бұрын
Hey I wonder if there was something totally ridiculous baked into that proposal that the brief summary doesn't cover. There wouldn't be anything like that, would there?
@edwxx200012 ай бұрын
likely not, there is never anything like that in a spending bill!
@ApinofArc2 ай бұрын
@michaelkaruza490 Oh hey, I wonder if this is a two party state so eventually SOME bipartisan agreements need to be made. But no, keep shilling out for the GQP. By all means. All or nothing right? Let's see how your gamble plays out.
@michaelkaruza4902 ай бұрын
@@ApinofArc your idea of "bipartisan" is Democrats get everything they want and Republicans just roll over and take it. Imagine if the Republicans put out a "save puppies and kitties" bill but snuck inside was a clause that brings back slavery. I presume you'd get a little upset of they then ran around complaining that the Democrats don't want to be "bipartisan". The fun part is that BOTH parties do shit like that all the time so they can go whine to the media about how the other side doesn't want to solve problems. Is it really too much to ask that lawmakers and journalists stay honest about the contents of legislation? Or is my indirect insult toward your sacred cow just a measure too far for you?
@blackdolphin86432 ай бұрын
@ApinofArc ussually when the gop disagrees with bills like this, it because 10% covers what it says it covers. While the other 90% covers other bs like sensing money to gender studies in a 3rd world country, or increasing congressman budgets/salaries.
@ApinofArc2 ай бұрын
@@blackdolphin8643 and like that. Your argument lost all validity. Congrats.
@gnomedeguerre24822 ай бұрын
Inflation comes ONLY from not taxing the Wealthy.
@NerazmusАй бұрын
Nope. The oposite actually.Not taxing them supports the growth of inflation.
@Joel86543Ай бұрын
You clearly have never studied economics.
@gnomedeguerre2482Ай бұрын
@Joel86543 I have actually. And the underlying idea of inflation is there is an accumulation of capital that then chases after a limited amount of assets. The only class that accumulates capital is the wealthy The poor just spend their money. And the poor spending money actually grows small businesses that provide such serv8ces . Meaning money given to the lower classes literally only grows the economy and contributes not at all to inflation. Whereas not taxing the Wealthy let's them accumulate monies they then use to acquire limited assets like real eatate, which is why re t prices have skyrocketed without their being a real increase in the growth of real estate.
@Joel86543Ай бұрын
@@gnomedeguerre2482 Firstly the main reason for inflation is the central banks printing money. Your assumption is correct that money and capital gets accumulated to the high class(this is true for every economic system) but from a realistic stand point your way of slowing down inflation is slowing down economic activity because this is what taxes do. About the second point I see it absurd. You are saying that middle class and the poor would spend their money in small businesses that I find a extremely absurd claim. I personally am very confident that if lower classes got free money in the form of financial aid(I'm assuming this is what you want to do with taxes) they would spend their money in Amazon,Netflix, Disney, Target etc and not in small local business. Plus what is the bases for your claim that money given the the lower classes does not contribute to inflacion. To me this looks like a logical fallacy since the money that would be given to lower classes would just be added to the supply of money making living nesseseties more expensive. And finally to address your not enough real estate claim I might have to ask why isn't there more real estate. Logically speaking if the demand increases the supply should as well. Isen't the government the one stopping more real estate from being constructed. This to me looks like government interference in the economy.
@Elunvira2 ай бұрын
I bet if we just removed redundant programs and orgs for a few years, we'd have payed back a lot of the debt and nothing in our lives would've changed
@josephm76062 ай бұрын
Redundant programs and orgs such as…?? Convenient nonspecific “soundbite” solution, you should work for a GOP congressperson 🙄
@rodgemic2 ай бұрын
start with the ATF. The laws they enforce are already enforceable by the FBI and their only other purpose is to process tax documents which we have a whole thing called the IRS for.
@HoundXXII2 ай бұрын
So because of the decreased profits the cost of goods are going to go up again. Great. 👍
@nathancawley69442 ай бұрын
Gotta make record profits every quarter after all.
@josephm76062 ай бұрын
Actually pressure from Biden administration recently pushed back on grocery chains gouging profits and has them cutting prices back down by up to 30%. Do you not read/watch the news? I know battling Biden Derangement Syndrome is tough but we believe you can do it. There’s plenty of support for you 🤗
@madjack34092 ай бұрын
The govt spends our money wisely and efficiently. They just need a lot more and it's not like we need it or anything
@TheLuuuuuc2 ай бұрын
Do you make over 400.000 a year?
@dipanwitamandal72892 ай бұрын
@@TheLuuuuuc Well I have some IT friends that do. They're in Europe so they already pay up 42% and they're pretty happy about it (200k isn't small either)
@TheLuuuuuc2 ай бұрын
@@dipanwitamandal7289 I was talking to the sarcastic guy who either isn't affected by the higher taxes or actually doesn't need the money
@jacobc92212 ай бұрын
The ultra rich could certainly give some. Even if the government is bad at spending it, they're worse, instead spending it to influence the government in bad ways when they don't just hoard it.
@brandoncrum5843Ай бұрын
Reduce all taxes to 2% and remove all government taxes on all income and only tax purchased products. No property taxes passed the innitial purchase.
@NerazmusАй бұрын
Huh. Never figured yee for a communist.
@chasingthefish9042Ай бұрын
Tax increases absolutely will hit everyone. Think of it like a 12 step ladder. If you cut the top 2 steps off the ladder then step 10 becomes the highest step. So on and so fourth. Top steps are the rich and the bottom step is the poor. Eventually, there is no ladder and they buy a new one with your money and start again.
@TheHauntedKiwiАй бұрын
Bootlicker stans for his masters
@NerazmusАй бұрын
That's one way to say you have no clue how economy works.
@chasingthefish9042Ай бұрын
@Nerazmus Economy drives taxes. Without taxes, the economy still works. Without economy, taxes don't work. So maybe it's you that has a misunderstanding?
@TheHauntedKiwiАй бұрын
@@chasingthefish9042 Oh, look it's Mr Trickle Down Economics, all the way from 1980 before everyone knew it was BS
@chasingthefish9042Ай бұрын
@@TheHauntedKiwi when did I say that?
@tyharris99942 ай бұрын
Or we could just cut spending.
@ApinofArc2 ай бұрын
@tyharris9994 Where would you like to propose spending cuts? The current GQP options are things like Medicaid, and social security. I don't know about you. But asking people to work until they die, seems a bit cruel, no?
@tyharris99942 ай бұрын
@@ApinofArc I don't think you realize the gravity of our current situation. We now spend more on INTEREST on our debt than we do on national defense. We are on track to to owe 50 trillions by 2030. It's like a family that owes more in credit card debt than their home is worth and has nothing in the savings or checking account. We are making payments on our new Mercedes by going to payday loans and pawn shops while planning our Disneyworld vacation. The inversion of our demographic pyramid and the fact that we already SPENT all of our Social Security contributions means that program is hopelessly insolvent. Retirement age HAS to go up. And ALL extraneous spending has to be jettisoned. Cuts across the board. We can't afford our empire of bases, foreign aid, wars of choice, and EVERY federal agency has to be cut back to pre-2020 levels of spending. ALL of them. No high speed trains. No charger networks. no student debt forgiveness. No money to feed, house, and educate 20 million illegals. All that is over. It's Dave Ramsey time. The Mercedes gets sold and it's time for a 2008 Yaris.
@ApinofArc2 ай бұрын
@@tyharris9994 and I don't think you realize that bandaids aren't solutions. Which is all the GQP ever offers. Bandaid solutions. Taxing the rich is an important step that needs to be done.
@ApinofArc2 ай бұрын
@@tyharris9994 also, pre 2020? Trump spent more than Biden; you need to go further back.
@ApinofArc2 ай бұрын
@@tyharris9994 also, your debt analogy doesn't work for one very glaring reason. Nothing can enforce our payment. No one can say "hey, pay all that back now". What do you think all that military spending is for, beyond helping out foreign nations? The only person enforcing the debt, is America. And we do that by basically giving money to other countries. All the time.