Higher Marginal Tax Rates Reduce Income Mobility, Especially at the Bottom

[88m3]

i dont know how it is in new york but in arizona, many broke people cant even get medicaid.

Well I know in NYS it's up to around 17k AGI for an individual for medicaid, idk what happens when you throw in kids or marriage but the AGI usually increases.

Hell NYC just the city has it's own health insurance programs for low income individuals and children.

I know some states didn't accept ACA medicaid provisions but there's your states rights/ conservative shyt head conundrum.

 

[88m3]

Not really.

My mother is divorced and in her 50s and makes <30k/yr working part time, and her job doesn't provide health insurance. Even with Obamacare, her insurance still costs almost $200/mo, and at the time she signed up she had no major health issues outside of being a smoker. If I wasn't around to pay for it I'm not sure she could afford it. So yeah, healthcare is still an issue.


Last time I checked college was pretty hard to pay for if you're poor as well. If raising taxes 1% would help get single-payer and/or more state funding for colleges, seems like a good tradeoff to me.

IDK what state you're in but that sounds like your state messed up the ACA.

But there are Pell/tap/ scholarships and other advantages for being low income or a minority.

It's going to take more than 1% for college funding most of them are in horrid shape financially from what I've read.


I support universal health care for what it's worth. I'm just think the prospect of increasing taxes further on the middle class is going to bring them to a point of no return. My mother makes an okay living and she loses most of her income to taxes, thankfully her job provides her at least with health insurance but if I wasn't around idk how she'd pay for a lot of things.

 

[NZA]

Well I know in NYS it's up to around 17k AGI for an individual for medicaid, idk what happens when you throw in kids or marriage but the AGI usually increases.

Hell NYC just the city has it's own health insurance programs for low income individuals and children.

I know some states didn't accept ACA medicaid provisions but there's your states rights/ conservative shyt head conundrum.

arizona is ok about covering children, but when it comes to adults, it is very easy to either not qualify or end up earning too much after a slight raise in an entry level job. i want to take these decisions out of the hands of local government. there is no excuse for america to be worse off than all the other developed nations.

 

[☑︎#VoteDemocrat]

Access to regular healthcare? Affordable college rates?

Obamacare made it more affordable and college rates? We'd have to get the government out of the affair to some extent or cap expenses.

These aren't radical shifts.

 

[FAH1223]

Bullshyt by the ruling class. Same neoliberal crap for the last 40 years

 

[88m3]

arizona is ok about covering children, but when it comes to adults, it is very easy to either not qualify or end up earning too much after a slight raise in an entry level job. i want to take these decisions out of the hands of local government. there is no excuse for america to be worse off than all the other developed nations.

I agree in full.

I did see a study recently where people who are close to tax/benefit thresholds would purposefully come in under to avoid penalties for what it's worth not that it should be that way.

 

[☑︎#VoteDemocrat]

Not really.

My mother is divorced and in her 50s and makes <30k/yr working part time, and her job doesn't provide health insurance. Even with Obamacare, her insurance still costs almost $200/mo, and at the time she signed up she had no major health issues outside of being a smoker. If I wasn't around to pay for it I'm not sure she could afford it. So yeah, healthcare is still an issue.


Last time I checked college was pretty hard to pay for if you're poor as well. If raising taxes 1% would help get single-payer and/or more state funding for colleges, seems like a good tradeoff to me.

This is an outright lie.

You can always pay for college.

ALWAYS.

Whether or not you like the bill is another thing.

 

[88m3]

Bullshyt by the ruling class. Same neoliberal crap for the last 40 years

What's the solution?

 

[2 Up 2 Down]

Isnt Cato Institute owned by the Koch bros.?

 

[FAH1223]

What's the solution?

The solutions are easy to see but difficult to implement. Imagine if this was done in 2000. In the US you need to go back to the policies that happened during the depression. You need more regulation not less, especially for the financial industry, you need the Glass-Steagel Act restored.
You need to stop bailing out the too big to fail banks and invest in infrastructure.
US infrastructure is rotting, the transport system is too expensive and uses too many fossil fuels. You need more rail. You need more power plants especially 4th generation nuclear plants instead of the 40 year old 2nd generation designs like Fukushima and more regulation so you don't get the fiasco you have in California.

You need bigger projects like the Tennesse Valley Authority of FDR time. All this will create jobs.

You also need to increase taxes back to at least Kennedy administration levels.

You also need a Tobin tax on the finance industry in coordination with the EU, China/Hong Kong, Japan and Singapore.

Defense spending needs to go down as well. You can't spend more than the whole world forever. You can only keep this up until the dollar collpases and then you will have to spend reasonable amounts.

They need to also remove the extreme corruption and mismanagement of the defense industry so that they can get more bang for the buck.

Look at the F-35 scandal taking place, costs skyrocketed and they forced all their partners to take these ridiculous costs. Israel for example had to cancel a deal with China for fighter jets and paid Beijing for it. Then they had to be forced to buy the crappy F-35 and they're unhappy with that.

So much money being spent and so much waste. It's funny that the right wing doesn't mention it at all :cacmjpls:

 

[rapbeats]

a 1% increase in taxes in exchange for single payer health care is not going to make broke people worse off. rich people will feel it a little bit, though...

exactly, i guess some of these people can't add 2+2

 

[BaggerofTea]

The solutions are easy to see but difficult to implement. Imagine if this was done in 2000. In the US you need to go back to the policies that happened during the depression. You need more regulation not less, especially for the financial industry, you need the Glass-Steagel Act restored.
You need to stop bailing out the too big to fail banks and invest in infrastructure.
US infrastructure is rotting, the transport system is too expensive and uses too many fossil fuels. You need more rail. You need more power plants especially 4th generation nuclear plants instead of the 40 year old 2nd generation designs like Fukushima and more regulation so you don't get the fiasco you have in California.

You need bigger projects like the Tennesse Valley Authority of FDR time. All this will create jobs.

You also need to increase taxes back to at least Kennedy administration levels.

You also need a Tobin tax on the finance industry in coordination with the EU, China/Hong Kong, Japan and Singapore.

Defense spending needs to go down as well. You can't spend more than the whole world forever. You can only keep this up until the dollar collpases and then you will have to spend reasonable amounts.

They need to also remove the extreme corruption and mismanagement of the defense industry so that they can get more bang for the buck.

Look at the F-35 scandal taking place, costs skyrocketed and they forced all their partners to take these ridiculous costs. Israel for example had to cancel a deal with China for fighter jets and paid Beijing for it. Then they had to be forced to buy the crappy F-35 and they're unhappy with that.

So much money being spent and so much waste. It's funny that the right wing doesn't mention it at all :cacmjpls:

Superb post

 

[LurkMoar]

Great news for Bernie supporters.

Hey if everyone is poor then its fair right

 

[rapbeats]

IDK what state you're in but that sounds like your state messed up the ACA.

But there are Pell/tap/ scholarships and other advantages for being low income or a minority.

It's going to take more than 1% for college funding most of them are in horrid shape financially from what I've read.


I support universal health care for what it's worth. I'm just think the prospect of increasing taxes further on the middle class is going to bring them to a point of no return. My mother makes an okay living and she loses most of her income to taxes, thankfully her job provides her at least with health insurance but if I wasn't around idk how she'd pay for a lot of things.

Thats a damn lie. stop with the lies. No one loses MOST of their income in taxes.

NO ONE.

if the super rich paid what they were tasked to pay. they would be paying the highest percentage. and its still not 80%. i mean if you win the lottery you aint giving up 70%.

so please. STOP IT.

and i live in Cali, high tax, and high sales tax in my city/county. you dont hear me crying about it. and i approved a few more pennies to do some infrastructure work around these parts. we need it badly.

Free College and Free healthcare is more than enough to offset any tax that bernie would hit you with by far.

free college, free healthcare, and a nation wide infrastructure deal would give quite a few people a lot more money than they had pre bernie.

with all the infrastructure work, you dont just get those working those jobs. you get the locals having to feed all the workers. thats a boost for local businesses. some people will be coming from out of town to get the next gig. that means they will probably stay in a hotel some where. more money for another business.

and we didnt even add up the savings you get with a tight infrastructure. better roads, less pot holes, less tire blow outs, less alignments needed on old cars(broke people have older cars and used cars). in some of these cities like mine, if they finally tighten up these rail lines and run them in the proper spots. you can actually get a lot of people up out of their cars. saving on gas, saving on a car payment, car insurance. saving on emissions/smog which saves on more health costs due to less smog = less breathing/health issues(allergies, asthma, etc.)

and this is just off the top.

 

[88m3]

I'll deal with you tomorrow.