patrick.net

HeadSet says

AmericanKulakMaximumTrumper says

If your stocks go from $100k to $110k, you pay taxes on $10k on the gains that very year, just like somebody making $110k in salary pays taxes that year, not at some future of their choosing. Whether or not you sell the stock.

You do realize that the wage earner has an actual gain, while the stock is just paper? Sell that stock to get an actual gain and it will be taxed the same as wages. The be a valid comparison, have the wage earner tell his boss to defer that $10k increase until a future date when the wage earner decides to take it as a bonus.

Cap gains should either be Zero or profits on stock sales should be taxed at a low flat income tax, 20% tops.for everybody. As long as income tax is progressive and sky high cap gains should be zero. Trump better come through

mell says

Cap gains should either be Zero or profits on stock sales should be taxed at a low flat income tax, 20% tops.for everybody. As long as income tax is progressive and sky high cap gains should be zero. Trump better come through

Profits on stock sales are already at 20% as long as held over a year. Since you mentioned "Cap gains" and "profits on stock sales" in the same sentence, I assume you're referring to Cap gains on houses, already at zero for the first $500k. I believe that "Cap Gains" on a residence is an illusion, all one is doing is getting taxed on inflation.

Thune allowed a Reid-era bureaucrat at the Senate to pull parts out of the BBB as "Not related to spending"

This includes stronger restrictions to Medicaid and Benefits, esp. to 'refugees' and illegals.

If the medicaid and benefit restrictions in the BBB pass, the illegals and fakefugees will demand higher wages to compensate their loss of taxpayer subsidy

If they demand higher wages, this eliminates the whole POINT of them from the standpoint of meatpackers, lettuce plantation owners, warehouse managers, etc.

HeadSet says

mell says

Cap gains should either be Zero or profits on stock sales should be taxed at a low flat income tax, 20% tops.for everybody. As long as income tax is progressive and sky high cap gains should be zero. Trump better come through

Profits on stock sales are already at 20% as long as held over a year. Since you mentioned "Cap gains" and "profits on stock sales" in the same sentence, I assume you're referring to Cap gains on houses, already at zero for the first $500k. I believe that "Cap Gains" on a residence is an illusion, all one is doing is getting taxed on inflation.

Shouldn't matter how long you hold anything, and the 20% should also be flat income tax, sure right now it's 20% but your income tax is probably closer to 35%, pushing your AGI, exposing you to all kinds of other crap. I want all of that eliminated, any gains distribution (house, stock, etc.) should be taxed as regular income at a low flat rate, and 20% is probably the.high watermark off acceptable. No special provisions, exemption or penalties. Of course the CPAs would lobby hard against it, but its the fairest way of taxation (other than no taxes).

You do realize that the wage earner has an actual gain,

Gain? He trades skill and irreplaceable time for money. If anything, it's an even-steven swap.

One also can't pass on your wages/skill trades to one's kids in a will for obvious reasons.

Whereas assets can be handed down across generations from the long dead.

Those who command a high salary or skill compensation (top tier surgeons for example, expert accountants, etc) are the most taxed people in society, with few mechanisms to mitigate it. Our system treats capital way better than skill.

(Edit: Handing down asses. ha. I'm glad nobody left me some old asses)

need to get Debt to GDP ratio back to where it was just before the COVID pandemic started, which is around 105%

No what we need is a huge increase in earnings for the bottom 90% of wage earners.

Our current economic system has screwed over people who work for a living compared to people who simply have capital to put to work.

https://www.epi.org/publication/charting-wage-stagnation/

28. Land sales in NV and Utah to reduce housing prices.

This land isn’t near metros, and won’t be for “housing.” It would be sold for industrial grazing or alfalfa farms. Or warehouses. You can see the difference with counties in Nevada/Utah that are privately held: sage and native plants removed, cheat grass and dirt everywhere, bird and animal populations gone. In fact, western Utah is already owned by Chinese farming interests, and it’s desolate.

These lands are some of the last wilderness in America, part of our heritage, and should be preserved. Whatever money is squeezed out of sales to alfalfa farmers or etc isn’t much, but the land is destroyed for our lifetimes.

AD says

need to get Debt to GDP ratio back to where it was just before the COVID pandemic started, which is around 105%

That would be a good start.

I just finished reading the One Big Beautiful Bill. It's an historic and transformative piece of legislation that reverses the last four year assault on American workers and will unleash prosperity & security.

Here are the FACTS:
American workers finally get a bill for them and not for lobbyists or special interest groups: Full deductibility of interest paid on loans for American made vehicles.
No income taxes on tips, overtime, or social security. On top of this, the OBBB prevents the largest tax increase in American history, saving each family about $5,000 in extra taxes per year.
Under Biden, over 10 million illegals invaded our Country. They drove up our housing costs, insurance premiums, lowered the wages of American workers, crippled our cities, and crime surged. The OBBB gets ICE the resources to get them the hell out!
Raising kids has gotten really expensive. The OBBB gives working families $2,200 per child, per year. In addition, the OBBB puts $1,000 into a fund for your kids that can grow substantially so they have a nest egg when they hit 25 years old.
Health care is a massive expense for some families. The OBBB provides funding for health savings accounts. We also strengthen Medicaid for those that need it and finally put a work requirement for able bodied adults.
Biden and the radical Democrats made the world more dangerous and America weaker. The OBBB makes an historic investment in our military and our Coast Guard.
As anyone who has flown lately knows, our nation’s air traffic control system desperately needs to be modernized. This should have happened years ago and the OBBB gets it done.
The OBBB is the first bill that any Congress in my lifetime will have passed that starts to control our spending. We end the Green New Scam. We can get all of this done today. LFG!
https://threadreaderapp.com/thread/1938994316544000250.html

Our Coast Guard is dangerously weak and DEI'd. The USCG no longer trains for nor is equipped with ASW weaponry anymore (barring a handful of ships retaining pre-21st Century capabilities)

Oh look, Thom Tillis an infamous log rolling, pork lovin' swamp creature, is on the same side as the Dr. Nos and Massies.

It must be because Tillis sees wisdom, not that he's angry about medicaid and benefits being restricted to exclude groups employers love to hire - because these groups will take lower wages as much of their life is subsidized like a live-at-home teenager.

Murkowski hasn't voted yet, shit.

Vance to the Captiol

AmericanKulakMaximumTrumper says

Full deductibility of interest paid on loans for American made vehicles.

That will just raise the price of vehicles.

AmericanKulakMaximumTrumper says

the OBBB puts $1,000 into a fund for your kids that can grow substantially so they have a nest egg when they hit 25 years old.

Free money is never a good idea. Just means that prices will rise in 25 years for stuff that young adults buy.

AmericanKulakMaximumTrumper says

Our Coast Guard is dangerously weak and DEI'd. The USCG no longer trains for nor is equipped with ASW weaponry anymore (barring a handful of ships retaining pre-21st Century capabilities)

Yeah, and Trump fired Admiral Fagan (Commandant of USCG) on his first day in office :-/

Must have been that bad for him to fire someone on his first day on the job

.

also bigger military spending because why not. increased salt to 40k because rich people need more handouts. standard deduction unchanged so pay taxes plebs.

it’s a bad bill. huge too so ton of pork. no one read whole thing, it’s not been publicly vetted as it was in committees.

According to this senator....

The real reason so many hate this bill.


https://x.com/DC_Draino/status/1940125139343208887

"Lo siento Senior Meatpacker, mi esposa y nos hijos no tienen seguro de medico no mas. Necessito mas dinero por hora, por favor"

AmericanKulakMaximumTrumper says

"Sorry Senior Meatpacker, mi esposa no tiene seguro medico no mas. Necessito mas dinero por hora, por favor"

Yes, and the same would happen if the Dems won and the illegal was given amnesty. The amnesty guy would no longer fear deportation and demand higher wages. Then amnesty boy would be replaced with a new illegal. But now "uppity" illegals cannot be replaced with fresh blood.

The thing that will bankrupt this country more than any other policy is flooding the country with illegal immigration and then giving those migrants generous benefits.

The OBBB fixes this problem. And therefore it must pass.
https://x.com/JDVance/status/1939889090654052772

HeadSet says

AmericanKulakMaximumTrumper says

If your stocks go from $100k to $110k, you pay taxes on $10k on the gains that very year, just like somebody making $110k in salary pays taxes that year, not at some future of their choosing. Whether or not you sell the stock.

You do realize that the wage earner has an actual gain, while the stock is just paper? Sell that stock to get an actual gain and it will be taxed the same as wages. The be a valid comparison, have the wage earner tell his boss to defer that $10k increase until a future date when the wage earner decides to take it as a bonus.

You shouldn’t be able to borrow against it either then. This paper wealth stuff has really fucked up society.

I think I like Georgism.

Northbound and Down
https://www.youtube.com/watch?v=IOgUaFkpS3Y

https://boriquagato.substack.com/p/let-them-eat-cake-moments

the latest budget struggle represents a new and even more tone deaf escalation.

let’s play make beleive for a moment:

imagine threatening to shut down the government unless the american people fund free healthcare, housing, and food for illegals.

imagine thinking the public was with you on what’s probably damn near an 80/20 issue.

what kind of rabid weasels would need to be running around in your head to not only think this was a good idea but to think you could sell it to the american people as the economy falters for most outside of the upper classes?

how could anyone expect this to play among those struggling to make ends meet?

the charitible take is:

this is the terrible price of longterm life inside of echo chambers and having no idea what the rest of the country thinks.

the less charitable take is:

this party is a wounded, cornered animal that is 100% aware that if the illegals lose their goodies and self-deport, that the dems will lose voters and house seat/electoral college apportionment to blue states in such numbers as to be unable to contend for power.

my take is:

both are true and that the swamp donkey leadership knows that it is in existential extremis without USAID and imported voters and clout and at the same time that they have gravely miscalculated how unpopular the continued championing of such has become.

they know that they need to do this but have no idea how severe the backlash will be.

they are sure they can just “demsplain” it to you and moralize harder.

Patrick says

imagine threatening to shut down the government unless the american people fund free healthcare, housing, and food for illegals.

imagine thinking the public was with you on what’s probably damn near an 80/20 issue.

I'm excited for this if the Trump Admin goes on the offensive: "Democrats will shut the government down unless illegals get free shit!"

Usually Republicans respond to outrageous Dem claims, I suggest the opposite this time, make them defend funding illegals. "It's only a Hundreds of Billions!"

What is lacking is a sense of common purpose, of unity as Americans.

Deliberately divisive diversity is a disaster. It prevents us from unifying to demand a government which eliminates the debt.

This is why "diversity" is a religion relentlessly pushed on us from above. It protects power from being taken back by the people.

https://archive.boston.com/news/globe/ideas/articles/2007/08/05/the_downside_of_diversity/

How can we re-achieve unity?

- Seriously secure the border and immediately deport all those who came in illegally.

- Actively oppose all praise for "diversity" and replace it with calls for unity as Americans and the Melting Pot.

- Declare English to be the sole national language, and eliminate all government documents and services in foreign languages.

- Make everyone coming into the country stand in the exact same lines in the airports, explicitly prohibiting private planes from getting special treatment. Same for all government services. The very wealthy must be obligated to use exactly the same government services as the poorest with no exceptions whatsoever, not even for the president. Then quality will surge, along with faith in our system.

- A year of obligatory national service at the age of 18, mixing young citizens in a provably random selection in camps which help build and repair national infrastructure.

The psychology of service is very important. Once people have put a year of work into literally building and repairing America, they will feel a greater sense of ownership in it. And meeting a large random selection of your fellow citizens and that age will cross-link all the strata of society.