American Politics 3.0 - Back to Brunch

[Cole436]

Originally Posted by GirlySports

Bernie was just so out of place last night. That generation, just...time to step back.

And throughout the night, the constant attack on the rich and earned wealth and generational wealth, that's a dangerous point to keep hammering on. Is all wealth unfair?

Jesus Christ.

[Fuzz]

Originally Posted by Cole436

Jesus Christ.

How can we expect the super rich to consolidate more wealth in the hands of fewer and fewer, if we talk about it?

[Yamer]

They're not going away from the "weird" label tactic. It's working.

Besides, watching them get weirder as they are slowly becoming self-aware of their weirdness has been ####ing hilarious.

[Bonded]

Originally Posted by GirlySports

Bernie was just so out of place last night. That generation, just...time to step back.

And throughout the night, the constant attack on the rich and earned wealth and generational wealth, that's a dangerous point to keep hammering on. Is all wealth unfair?

Generational wealth is sure unfair when policies keep getting implemented to allow rich families continue to build their horde of wealth. A lot of these families with generational wealth survived just fine when marginal tax rates were pretty eye bleeding.

https://www.investopedia.com/article...tory-taxes.asp

A lot of people have been duped into believing that increasing taxes on wealthy people will adversely impact them when in reality a lot of the proposals level the playing field a bit. Why shouldn't the wealthiest pay the same percentage of taxes that most people do.

I am sure they would figure out a way around it but I think their ability to borrow cash against their equity should be severely limited as a start.

[TheIronMaiden]

Originally Posted by GirlySports

Bernie was just so out of place last night. That generation, just...time to step back.

And throughout the night, the constant attack on the rich and earned wealth and generational wealth, that's a dangerous point to keep hammering on. Is all wealth unfair?

I think that the use of property as investments is dangerous, and puts many people in very difficult positions, and creates a societal Burdon on many other systems. I wouldn't say that inheriting property is unfair, but using it as an exploitive method of wealth generation is unethical.

That said, I am skeptical that government would put the taxes they generate from taxing estate transfers to any good use.

I would think of a system that encourages affordable renting. Like any revenue from a rental property under a fixed sum is tax free, and any revenue over that cap is double taxed.

[EldrickOnIce]

Originally Posted by Coach

I just can't see how someone could listen to what Obama said and think "Nope. Not for me."

Like okay, I guess you don't like happiness?

If America was gonna be a dictatorship, that's the guy I want in charge.

[Bonded]

Originally Posted by TheIronMaiden

I think that the use of property as investments is dangerous, and puts many people in very difficult positions, and creates a societal Burdon on many other systems. I wouldn't say that inheriting property is unfair, but using it as an exploitive method of wealth generation is unethical.

That said, I am skeptical that government would put the taxes they generate from taxing estate transfers to any good use.

I would think of a system that encourages affordable renting. Like any revenue from a rental property under a fixed sum is tax free, and any revenue over that cap is double taxed.

Instead of a complex system like that keep it simple. Ban any foreign ownership, ban any company from owning single family homes, and cap the number of properties any single individual can own. Prices will decline if aggressive policies are enacted and that will cause a lot of other issues in the short term and will be politically unpopular. Boomers and millennials would be hit hard.

[CorsiHockeyLeague]

Originally Posted by The Fonz

What's this?

I really don't want to google it

No, you don't... basically MAGA rally attendees have started carrying around little cups with JD Vance's face on them that are supposed to contain his semen, essentially in an effort to mock Tim Walz for having to go through fertility treatments and IVF in order to have kids. They're suggesting he isn't virile enough and he could have just used Vance's to impregnate his wife.

So yeah, peak weird.

[GirlySports]

Originally Posted by Bonded

Generational wealth is sure unfair when policies keep getting implemented to allow rich families continue to build their horde of wealth. A lot of these families with generational wealth survived just fine when marginal tax rates were pretty eye bleeding.

https://www.investopedia.com/article...tory-taxes.asp

A lot of people have been duped into believing that increasing taxes on wealthy people will adversely impact them when in reality a lot of the proposals level the playing field a bit. Why shouldn't the wealthiest pay the same percentage of taxes that most people do.

I am sure they would figure out a way around it but I think their ability to borrow cash against their equity should be severely limited as a start.

Originally Posted by TheIronMaiden

I think that the use of property as investments is dangerous, and puts many people in very difficult positions, and creates a societal Burdon on many other systems. I wouldn't say that inheriting property is unfair, but using it as an exploitive method of wealth generation is unethical.

That said, I am skeptical that government would put the taxes they generate from taxing estate transfers to any good use.

I would think of a system that encourages affordable renting. Like any revenue from a rental property under a fixed sum is tax free, and any revenue over that cap is double taxed.

Thanks. I agree.

I think these are reasonable steps.

As I said before, people who've won under the present and recently past systems, and are afraid they may have to disgorge their wins. You can argue whether or not their wins were fair, but it's theirs now. It's only reasonable that they'll try to protect it. I just thought the DNC messaging last night was too far in the direction of inheriting property and wealth is unfair.

[MoneyGuy]

Originally Posted by CorsiHockeyLeague

No, you don't... basically MAGA rally attendees have started carrying around little cups with JD Vance's face on them that are supposed to contain his semen, essentially in an effort to mock Tim Walz for having to go through fertility treatments and IVF in order to have kids. They're suggesting he isn't virile enough and he could have just used Vance's to impregnate his wife.

So yeah, peak weird.

Saw that on Twitter. Weirdest thing I’ve ever seen.

[Yamer]

Originally Posted by MoneyGuy

Saw that on Twitter. Weirdest thing I’ve ever seen.

So far.

[Duruss]

Originally Posted by MoneyGuy

Saw that on Twitter. Weirdest thing I’ve ever seen.

Tied with the "Real men were diapers" thing for me. However it is the same people doing both....

[Bonded]

Originally Posted by Duruss

Tied with the "Real men were diapers" thing for me. However it is the same people doing both....

A great Halloween costume would be diapers, semen cup, and the ear tampon lol

[PepsiFree]

Originally Posted by CorsiHockeyLeague

No, you don't... basically MAGA rally attendees have started carrying around little cups with JD Vance's face on them that are supposed to contain his semen, essentially in an effort to mock Tim Walz for having to go through fertility treatments and IVF in order to have kids. They're suggesting he isn't virile enough and he could have just used Vance's to impregnate his wife.

So yeah, peak weird.

No ####ing way. I legitimately thought that was just a bunch of liberals doing a caricature of Trump supporters to make them seem even more ridiculous.

I was even going to suggest they chill out because if that make Trump supporters seem TOO weird it’s going to be unbelievable. Turns out, already is.

[HOOT]

Originally Posted by GirlySports

Thanks. I agree.

I think these are reasonable steps.

As I said before, people who've won under the present and recently past systems, and are afraid they may have to disgorge their wins. You can argue whether or not their wins were fair, but it's theirs now. It's only reasonable that they'll try to protect it. I just thought the DNC messaging last night was too far in the direction of inheriting property and wealth is unfair.

Keep in mind who they are speaking to. They aren’t trying to change any billionaire’s mind on who to vote for, it’s the general population of the country who aren’t wealthy they need at the polls. Any millionaire/billionaire already supporting the DNC isn’t going to stop because of that messaging. They understand there is more than enough wealth to go around and paying a little more in taxes won’t change their status as elite. Unlike the other side who wants to collect every last red penny and leave nothing for “those that didn’t work hard enough”.

I don’t think I’ve ever spoken with someone who wants to steal anyone’s wealth, they just want to see it being fair. The tax code is messed up here and the wealthier our family has gotten, the more I see how it’s taken advantage of. It needs to be simplified so everyone is paying their ‘fair’ share and not looking for every loophole to get out of it. For me personally, when I speak with my CPA sometimes I feel bad/weird about the way things get done. It feels illegal, but it’s written in the tax code! They need a simpler progressive tax here and it won’t matter how much you do or don’t make, everyone is paying the same.


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[Josh]

Originally Posted by Muta

She is such a damn good speaker. So nice to hear intelligence, wit, humility, empathy and respect in a political speech again.

If she ever ran for POTUS, she'd win in a landslide. Too bad she's been on record many times that she NEVER will (I believe her).

I was a republican voter that voted for McCain and Romney, I refer to Obama as the best president I never voted for.

In retrospect, I sure do miss them.

[Cappy]

Originally Posted by GirlySports

Bernie was just so out of place last night. That generation, just...time to step back.

And throughout the night, the constant attack on the rich and earned wealth and generational wealth, that's a dangerous point to keep hammering on. Is all wealth unfair?

One could argue that generational wealth is inherently unfair.

[MoneyGuy]

Originally Posted by Duruss

Tied with the "Real men were diapers" thing for me. However it is the same people doing both....

MAGAts allegedly carrying around sperm from a leader is weirder. My opinion.

[activeStick]

Very random, but I had finished lunch with my colleague who is Jewish and we were talking about Bernie as we walked back to the office and he called Bernie a self-hating Jew, saying most Jews would agree with that take. Didn't get a chance to follow up and ask why as we then ran into some colleagues, but is this an actual thing? I know Bernie isn't supportive of the current Israeli government, but I can't imagine that's the only reason.

[CorsiHockeyLeague]

RealClear betting odds tracker has this back to a tie. Harris was up as much as 8% earlier, now 0.3% following some close or tied polls in various swing states including PA.

Shapiro apparently going on tonight before Clinton and Walz.