Is he true? Asides from all the "jokes" he makes, does raising taxes for the rich really work?
https://www.youtube.com/watch?v=BtNbMD96xgY
It worked here.
You can't trust the government with too much authority. If people weren't mammals, it would work.
When you give away all that power to the government, eventually one asshole will take advantage of it. And all it takes is one shitty, rotting fruit.
>>79755677
You only need to bleed the rich when you can't balance budgets and control spending. It's an easy excuse for politicians to profit off other people's success.
>>79755677
It usually mostly hits the hard-working professionals, not the rent-seekers.
>rich people can afford tax avoidance/evasion
>the very rich can pay for laws that favour them
>>79756770
This
I think it could, but the media and the politicians here (who are coincidentally controlled by the rich) will never let us find out
Pic related, the rich have been enguaged in unilateral class warfare for 30+ years, yet when employees try to unionize, suddenly the media cries "class warfare!!!"
Fucking jews
>>79755677
He bumped into me on the sidewalk once and did not apologize. He was also smoking which is illegal to do in front of the shops we were at.
>DUDE CONSERVATIVES ARE DUMB LMAO
>DUDE LIBERALS ARE SMART LMAO
Quality comedy
>>79755677
there is no such thing as a perfect system
neither unrestricted capitalism or full blown communism ever work out like their champions proclaim they will.
>>79755677
Was it him who was raised by a single mom that was always bringing different black guys over to fuck in a one bedroom apartment, or was that some other famous liberal I'm thinking of?
>>79756474
nice one-item economy harald
>>79757627
>unrestricted capitalism
hong kong and free-market zones in china are probably the closest thing we have to unrestricted capitalism right now, and they're also blowing out most other economies in the world
>>79757627
unrestricted capitalism would be far superior. There are very few natural monopolies. Capitalism becomes unfair when the rich use the pseudo-legitimacy of the government monopoly on force to pass laws favouring certain ones over others
Of course it works you idiot
>>79755677
>does raising taxes for the rich really work?
depends on how much they are raised. Too much and they leave
t. tax heaven
>>79758062
>>79755677
Raising taxes works when taxes are lower than the rate of economic expansion can be exploited. Cutting taxes works when the taxes are higher than the economic growth would beat without large impact.
The laffer curve changes based on the strength of other economic factors.
Then it also matters how corruptable the tax structure is.
>>79755677
Yea, it was called the 50s.
>>79758330
>it matters how corruptible the tax structure is
so in a nutshell it does not work
>>79758933
There are instances where it has and instances where it hasn't.
America, from what I've seen, has an above average level of exploitability in the tax code making "the tax rate on the rich" more meaningless here than in othe's r developed nations.
He neglected the fact that a lot of outside money is pouring into California from tourists, as well as the very prominent entertainment industry.
>>79755677
That kike knows the rich shelter their assets.
>>79757605
It's funny because it's true.
>>79755677
Not really. It just drives businesses to other countries where you'll get 0% of their money.
>>79757016
America's top 25% already pay 86% of taxes. I'm sure 90% will fix everything, though.
http://calbudgetcenter.org/wp-content/uploads/Who-Pays-Taxes-in-CA_Issue-Brief_04.14.2015.pdf
>California’s Lowest-Income Families Pay the Largest
Share of Their Incomes in State and Local Taxes
huh, so you tax the rich a lot, they don't pay.......
hmmmmmmmmmm....................
>>79755677
If improvement in quality of life and living conditions can be made, should it not be? Income inequality is due to rising earnings to the top 1%, while all other earners wages remain stagnant. Think about that. It is not by accident. Forget the shitty low earning jobs, because in general all of our income has stagnated while productivity has skyrocketed. Whether you are a manager, programmer, doctor, dentist, teacher, professor, salesman, etc...even all of their salaries have stagnated as well, while one group has seen their profits sore even through the worst recession since the Great Depression. To think people are doing great with they're car and smartphone, but many of them aren't. The top is earning more through hook or crook, while they get the citizenry to flip the bill. The major drug companies ensure whatever savings you had is depleted the second you are sick. The oil companies know you need their fuel to survive. The car companies know you need a vehicle to drive. They all keep their prices high enough that the market can bear and the second the market can bear more they raise it. Which is fine, except they don't pay their people more. That's how we get income inequality. They take more while we take less and we pay more for everyday goods as prices rise even higher and our wages remain stagnant. Cost increases should be two fold and take employees into account.
>>79762219
>because in general all of our income has stagnated while productivity has skyrocketed
that's why lefties import third worlders
spics will work for less, and they compete with middle class americans
the affirmative action shit puts niggers and spics at a competitive advantage, so what you get is, median income is less than what it would naturally occur in a protectionist economy
>>79756719
the people are the government
>>79756722
>>79756770
>>79756847
Which is why you eliminate the capitalist class. As long as they exist you will live in a corrupt political economy.
>>79757953
>much
>>79757953
Without a state there is no longer anything to control class conflict. So, actually on second thought, go ahead and overthrow the state, capitalism will be over in a month. Or the anarchy will. Either way we won't have to deal with idiots like you anymore.
>>79755677
Then why are businesses leaving California for the Republican state of Texas in record numbers?
>>79755677
I never understood how americans can make tax an ideological issue. And turn to crazy abstract understandings of such a simple issue
>take more money have more money
Yes. The problem is that government investion replaces private investion and government is usually doing a shit job running things. To tackle the debt of course either raising taxes or reducing spending is a good idea.
>this poor state is governed by republicans and this rich state is governed by democrats
>this is proof that communism works
Trump B T F O
T
F
O
>>79757953
I bet there will be some idiot replying to you thinking a laissez-faire economy would mean no government whatsoever.
>>79755677
The only real way to tax the rich is to tax their products at the border.
>>79764254
Because our nation won its independence in a war over unjust taxation and liberals here turn everything into an emotional issue.
That being said I support a progressive taxation system but with lower tax rates all around and big spending cuts federally.
>>79756474
Trillion dollar oil fund country of 5 million. Fuck off Norway I too want to live in a tiny nation state but faggots like Bill Maher and his horde of degenerates wont let me.
>>79757907
yeah but everybody is poor as shit. Ive been to china. allot of people live in single room apartments and they cant afford furniture.
>>79764547
Red states have huge nigger populations. PC police wont let us make that argument so they get to smugly say this shit without rebuttal
>>79764547
But republican states like Texas and Utah have great economies.
>>79765162
And no NIGGERS what a coincidence
>>79760332
>There are instances where it has and instances where it hasn't
if something isnt either logically or practically consistent then it is retarded for the government to even try because the government trying something as an experiment is always at the expense of the citizens
Based Milton Friedman
https://www.youtube.com/watch?v=Wi-D24oCa10
>>79758254
Exactly. The entire theory, if properly applied, would lead to incredible instability since organic economic changes would require a constantly evolving tax code. All Art Laffer ever did was devise a theory of how to raise more revenue. It's not necessarily a prescription for economic growth or job creation.
>>79760332
It really hard to stop corruption when 100 people in the senate make the rules for 300 million people..Its very easy to bribe 100 vs bribing every state senate and house in the country.
>>79765584
>Trotskyiest Neo-con kike
>Based
Pick one
>>79765584
He was right about the need to invest in the future, but things have come a long way since the 80's especially regarding the concentration of wealth. The qualitative difference in having 200 million and one billion is negligible. People simply cannot spend that amount of money on themselves. There's no reason for people or firms to spend all of their profit on investment.
>>79755677
>Waaah I want more money with less effort Waah
The amount of genuine rich people are a drop in the bucket compared to the rich neets that acquired their wealth thanks to luck (ie parents, friends, lottery, etc).
Rich neets don't put out nearly as much as the genuine rich. They horde their cash and spend it withing their circles to prevent wealth from leaving it. Also rampant tax evasion.
Just like the recent bullshit around CS:GO gambling. It's basically a hand-ful of rich neet jackasses taking advantage of people out-side their own circle to increase their wealth.
>>79755677
Drop in the ocean. Taxing the upper 1% even 20% more in America will see a 0.1% increase in available funding, with the added benefit of companies vacating the country.
If you want to see significant change, the entire way the budgets are made has to see reform.
>>79762538
I'm ashamed that you're an american
>>79763110
>capitalism will be over in a month
you sad delusional socialist cuck
capitalism is human nature, and it'll never be over
>>79764955
There GDP is huge but so is there population. There is so much opportunity on the Russian China border. its like the wild west. Its cold but if Sweden can do so can they.
i cant stand the smug bastard
>tax rich
>rich leave
sounds like a win win to me
>>79768753
They leave and then they continue to send their products into the American market place. lose Lose
>>79767512
Right back at you, bucko.
>>79768161
>capitalism has only existed for the past 300 years
>classcucks: CAPITALISM IS HUMAN NATURE! IT IS FOREVER AND ETERNAL!
lmfao
>>79761966
This is why you shouldn't live in a half-assed democracy where people with all the money get all the power.
>>79762522
not yet they aren't
>>79755677
Yes it does.
As an ex-California and Kentuckian, and current Coloradoan, white blue states have better roads, job markets, houses, education, etc.
Also, I remember Reagan's rule, it is far overrated.
