Im Having Trouble Understanding How Socialism Would Work in This Country

[AnonymityX1000]

Tax avoidance by working in NYC or SF and "living" in Florida is a massive problem.

But those cities aren't gonna get brain drained. Every consulting / accounting / law firm has dreamed of having a TX HQ vs NY/CA/Boston/Chicago cost of living.

But they can't get the top talent to take those jobs in Dallas

And isn't what Bernie is talking about Federal taxes? It wouldn't matter what state you are in. Amazon pays local taxes they just don't pay anything on the federal level.
lol @ Amazon just leaving all their US operations. TS be realistic.

 

[OfTheCross]

And isn't what Bernie is talking about Federal taxes? It wouldn't matter what state you are in. Amazon pays local taxes they just don't pay anything on the federal level.
lol @ Amazon just leaving all their US operations. TS be realistic.

How much in local taxes you think these big companies are paying? Many States give them breaks to move in.

 

[Hood Critic]

so·cial·ism
/ˈsōSHəˌlizəm/

noun

a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

An increase of taxes on Billionaires and large corporations is nowhere near socialism.

 

[NkrumahWasRight Is Wrong]

And isn't what Bernie is talking about Federal taxes? It wouldn't matter what state you are in. Amazon pays local taxes they just don't pay anything on the federal level.
lol @ Amazon just leaving all their US operations. TS be realistic.

Yes but what im saying is that if fed taxes go up dramatically there will be even more incentive to move to low or no personal income tax states to offset it

 

[AnonymityX1000]

How much in local taxes you think these big companies are paying? Many States give them breaks to move in.

It varies state by state. But it is safe to say not their fair share based on their revenues.

 

[AnonymityX1000]

Yes but what im saying is that if fed taxes go up dramatically there will be even more incentive to move to low or no personal income tax states to offset it

OK, not the end of the world. A lot of states with low taxes can use the business I'm sure.

 

[DEAD7]

Which countries though?

You peel back the layers on these arguments and it's just bad faith. There are no countries they mean.

We worried about a brain drain to the Caymans?

Wealth tax forces 12,000 millionaires A YEAR out of France | Daily Mail Online

France wants back its rich people

Empirical evidence from this decade that the rich will leave, and place the burden of these policies squarely on the middle class.
The countries where “democratic socialism” is functioning, heavily tax the middle class, and haven’t abolished private healthcare.

Bernie and his supporters dont live in the real world.

 

[DEAD7]

Implementing the sweeping reforms progressives want in a recession prone country with a shrinking tax base is a recipe for disaster.
Let’s balance the budget and add some stability first.

 

[Serious]

That our top earners are going to flee to other socialist countries?

This is worse than

Places like canada and the UK have way more progressive laws and higher taxes

 

[DEAD7]

This is worse than

Places like canada and the UK have way more progressive laws and higher taxes

Bermuda, the Bahamas, Monaco, and a few others have no income tax at all... and the list of countries with lower taxes is very long.

The demographic being targeted is the demographic that knows money best, and how to move it.
It’s a silly game to play.
Didn’t we just repatriate a trillion dollars the rich had offshore?

 

[Serious]

Bermuda, the Bahamas, Monaco, and a few others have no income tax... and the list of countries with simply lower taxes is very long.

cacs aint moving there breh.


Maybe for vacation and checking up on some assets.

They're not going do anything, that they arent already doing, like sitting up a shell company there.

 

[Dorian Breh]

Wealth tax forces 12,000 millionaires A YEAR out of France | Daily Mail Online

France wants back its rich people

Empirical evidence from this decade that the rich will leave, and place the burden of these policies squarely on the middle class.
The countries where “democratic socialism” is functioning, heavily tax the middle class, and haven’t abolished private healthcare.

Bernie and his supporters dont live in the real world.

That's France you jackass.

 

[jj23]

Implementing the sweeping reforms progressives want in a recession prone country with a shrinking tax base is a recipe for disaster.
Let’s balance the budget and add some stability first.

Lol, how did the budget get so out of wack? Obama had reduced the deficit when last I checked....Clinton even gave America a surplus.

You shouldn't make that statement without making allowance for the party that multiplies the deficit whenever they are in power, then complain about balancing it when they aren't.

 

[NkrumahWasRight Is Wrong]

Lol, how did the budget get so out of wack? Obama had reduced the deficit when last I checked....Clinton even gave America a surplus.

You shouldn't make that statement without making allowance for the party that multiplies the deficit whenever they are in power, then complain about balancing it when they aren't.

Military spending and tax cuts were big

 

[OfTheCross]

Implementing the sweeping reforms progressives want in a recession prone country with a shrinking tax base is a recipe for disaster.
Let’s balance the budget and add some stability first.

America not trying to go through any kind of austerity measures to accomplish that.

Wealth tax forces 12,000 millionaires A YEAR out of France | Daily Mail Online

France wants back its rich people

Empirical evidence from this decade that the rich will leave, and place the burden of these policies squarely on the middle class.
The countries where “democratic socialism” is functioning, heavily tax the middle class, and haven’t abolished private healthcare.

Bernie and his supporters dont live in the real world.

The goal isn't to abolish private healthcare, though. It's to lower the costs and increase coverage.

If I gotta pay $1200 more in taxes but it eliminates my deductible and co-pays I'm good. That's a win.