• Security incident: ISF was recently accessed by intruders. Please change your password, and change it anywhere else you used it. Read more

Is Joe Biden done? I hope so.

pgwenthold said:
Some news organization the other day complained that, under Warren's tax plan, Jeff Bezos would have to pay something like $73 billion in taxes.

Oh, the horrors!

Now, what's the bad news?
Click to expand...

It's not true. But he definitely would pay more.
 
Warren looks younger than she is. She takes selfies with... well... everyone. And she moves fast. Biden and Sanders look older than their years. Her presidency would also be a a historic first for Native Americans.
 
Venom said:
Meadmaker.

In what way is Bernie an "avowed socialist"? The only problem with it is that he once said it long ago.There's nothing he proposes that calls for the scaremongering he usually receives.
Click to expand...

He still calls himself that on the regular. Not that I think it really matters or is a bad thing - he's just applying a different label to what used to be known as "New Deal Liberalism." But it's an ongoing thing with him.
 
acbytesla said:
It's not true. But he definitely would pay more.
Click to expand...

Here's what it (the 2 cent tax on each dollar of wealth over 50 million) would mean:
https://www.marketwatch.com/story/h...ortunes-of-bezos-gates-and-buffett-2019-09-10
The paper, by economists Emmanuel Saez and Gabriel Zucman of the University of California at Berkeley, finds that the top 15 wealthiest Americans as estimated by Forbes magazine would collectively have seen their net worth drop to just under $434 billion had Warren’s plan been in effect since 1982. That’s down from about $942 billion.
Click to expand...

https://www.ccn.com/jeff-bezos-net-worth-elizabeth-warren-wealth-tax/
How would Warren’s wealth tax affect the Bezos fortune moving forward?

Together, Jeff Bezos and ex-wife MacKenzie would pay $4.8 billion per year on their current $160 billion in combined net worth. That's approximately 76,000 times the median US household income of $63,179.
Click to expand...
 
Last edited:
kellyb said:
It's not a fib. For real.

If I could prove to you it's not a fib, would that matter to you?
Click to expand...

Yes. I think it's a fib. I think the kind of spending she's talking about would require a significant tax increase, and not just on rich people. I don't think the money is there without dipping into the middle class.
 
Every Americans natural instinct should be to rally to Biden when the President uses his bully pulpit to attack him and pressures foreign governments to dig up dirt.

What happened to rooting for the underdog?
 
Meadmaker said:
Yes. I think it's a fib. I think the kind of spending she's talking about would require a significant tax increase, and not just on rich people. I don't think the money is there without dipping into the middle class.
Click to expand...

Do you think this is bunk, or....?
https://www.newsweek.com/mega-wealthy-billionaires-sign-letter-moderate-wealth-tax-1445554
Warren's goal is to manage this inequality by implementing a wealth tax on individuals and families with $50 million or more in assets. According to the senator's projections, the moderate tax would raise some $2.75 trillion in additional revenue for the government over 10 years. Warren's proposals would use this additional money to pay for a range of programs, such as drastically reduced healthcare and education costs, which includes student loan debt forgiveness for millions of Americans.
Click to expand...
 
I don't want Biden to win the primary, but we should not be paying attention to false allegations except to attack the accuser.
 
kellyb said:
Who has better numbers?
Click to expand...
What in the history of the country makes you think these people would actually pay it, though? Part of the problem in the past has been big companies like GE paying no taxes whatsoever by using offshore account, loopholes, etc. Raising their tax rate does not solve this problem. It just gives them even more incentive to play the shell game.

Also, the former Mrs. Bezos is going to be responsible for some of that tax money now as well :) .
 
The Biden Case is a test case of whether US media finally have their priorities straight, or whether they are still trapped in a desperate need to appear "fair and balanced" at any cost.
 
Seems that a primary would be the perfect case for using ranked choice voting.

Bernie and Warren are running on closely related platforms, appealing to the progressive wing of the party. Biden is leading the entire pack, but I would guess that ranked choice would reveal a stronger preference for a progressive candidate over Biden.

If either Warren or Bernie were to drop, I imagine most of the support would come over to the other and they would be ahead of Biden.

Edit: Fixed, thanks Yuppy.
 
Last edited:
SuburbanTurkey said:
Seems that a primary would be the perfect case for using ranked choice voting.

Biden and Warren are running on closely related platforms, appealing to the progressive wing of the party. Biden is leading, I would guess that ranked choice would reveal a stronger preference for a progressive candidate over Biden.

If either Warren or Bernie were to drop, I imagine most of the support would come over to the other and they would be ahead of Biden.
Click to expand...
Did you use the names you meant to, especially that first one?
 
kellyb said:
Here's what it (the 2 cent tax on each dollar of wealth over 50 million) would mean:
Click to expand...

the top 15 wealthiest Americans as estimated by Forbes magazine would collectively have seen their net worth drop to just under $434 billion had Warren’s plan been in effect since 1982. That’s down from about $942 billion.

What a tragedy.
 
acbytesla said:

the top 15 wealthiest Americans as estimated by Forbes magazine would collectively have seen their net worth drop to just under $434 billion had Warren’s plan been in effect since 1982. That’s down from about $942 billion.

What a tragedy.
Click to expand...

Hey, that's millions fewer jobs created!
 
You must log in or register to reply here.

Share this page

ISF - Join now!

Every member here is approved by hand. No bots, no spam, just people who care about evidence and honest debate.

Membership is free!

Create your free account

Back
Top Bottom