Too much can cause problems
So "let loose", it
is a problem. Glad that you can at least wrap your head around that much.
Support for universal background checks is itself almost universal, 97 - 2 percent, including 97 - 3 percent among gun owners -
https://poll.qu.edu/national/release-detail?ReleaseID=2521
https://poll.qu.edu/national/release-detail?ReleaseID=2521
Depending on the broad wording, even I might answer affirmatively to such a poll. But best of luck getting private citizen sellers to go through a UBC system, or even getting it enforced -
especially with some in state and local law enforcement saying that they will not enforce it. To make such a system work, you'd need a national firearms registry, among other things, for tracking purposes, as well as supportive local enforcement mechanisms. And that's where it gets sticky. Yeah, I know... those damn details again! But we don't need no stinkin' details, do we? It's easy!
Guess this part flew by you: Sure, every government in the world does favors for the rich, but most of them try to hide it in amongst governing for the benefit of the people too. Your government doesn't even try to hide the fact that they're completely owned by campaign donors and lobbyists.
Ah, good to know. So as long as corruption is hidden, you're OK with it.
Trust freezing, tax havens, stock options, shell companies, equity swaps, deferred compensation, don't you claim to know things about finance? And what's the tax rate on capital gains vs income?
I'm not a CPA - don't even play one on TV, but I manage to scrape by with my financial endeavors. Thankfully, you don't claim to know about finance, and it's good that you don't. You don't seem to even know the difference between asset appreciation and income. In a trust freeze, the income (whether annuitized or simple dividends) that's distributed to the grantor is still taxed. Typically they're used by family businesses (including farms) to avoid having to liquidate these holdings upon death in order to pay immediate estate taxes. What's passed on to heirs is neither earnings nor income, but certain taxes are still applied if income is generated and distributed. Tax havens: the U.S. applies and collects taxes based on worldwide income. If you’re living and working outside the United States, and qualify for the Foreign Earned Income Exclusion, you can exclude the first $102K or so. If you're a successful tax cheat, sure, you can take your chances. Just remember that the fines are heavy and Club Fed isn't where most would want to "vacation". When things like options are exercised, or deferred compensation is realized, when income is passed through a Sub-S corp or LLC, or there is a realized gain, yes, the net income or gain is
then taxed.
What kind of capital gains? Short term is taxed at your income tax rate. Long term tax rates are 0 percent, 15 percent and 20 percent, depending on your income. Certain asset classes are taxed at higher rates: depreciated real estate, precious metal investments, art, etc. Homeowners in the U.S. can exclude $250K ($500K for married couples) of capital gains from the sale of a primary residence. That largely benefits middle class people, especially older ones.
The issues that pop up most often with our tax system, at the individual level, usually have more to do with the "fairness" of income tax minimization strategies, not so much pure income tax
avoidance. If one becomes an accredited investor, a new world of tax favored investments and instruments opens up. But anyway, yeah, I have an issue with things like the carried interest provision myself - although even that doesn't allow total tax avoidance.
Guess this part flew by you: in a developed nation, it shouldn't be possible for an employer to pay a full time worker such a low rate that they remain below poverty, regardless of the job or the employee. Government regulation can easily solve that one.
Flew by me like a penguin. More "easy" government regulations = just another thick catch-all for complex issues.
Easy, huh? Riiiight. What Cupertino, CA based Apple can/should pay vs. what Greenville, MS based Bob's Computer Fix-it shop can/should pay are very different. But hey, if ol' Bob has to go out of business... so be it. We'll just get him a UBI check. Again, big blanket, feel-good jibber-jabber, while avoiding details at the ground level. You people and your "easy" solutions.
Didn't realize any of those people were part of this conversation.
Hey,
you're the one who said, "nobody's talking about UBI." I just corrected you. It's bad enough when what I say flies over your head. Now your own claims are flying by you. Plenty of people in your camp are talking about UBI. So why do you want to deny their existence and hide from the UBI concept that your masters support? It's just a basic income for all, and includes those unable
or unwilling to work. Don't you like that? Come on now. It's open kimono time.
Yet you repeatedly claim that anyone who doesn't outright reject both parties must be a mindless sheep in a party line prison. Hmmm, me thinks some hypocrisy for lunch might be tasty.
It's not so much about rejecting both parties, it's more about not having a blind devotion to either. And yes, they're
sheeple. Always have been. Always will be. Why do people like you feel that your party of choice needs to know
ahead of time that you'll carry their water no matter what? I think that's kind of sad. I may vote for this party's candidate (locally or nationally). I may vote for that party's candidate (locally or nationally). I may vote for a third party candidate at times. But unlike you, I'm not a smile & wave,
yowza boss type person. Never have been. Never will be.
Well, that's nice - eat hearty and enjoy. It's peachy for you to announce what you're having for your mid-day meal.
Do I really need to provide you with a list of all the things the democrats have done or tried to do to protect the working class, provide things like health care and education, increase government transparency and accountability? I never said the dems were perfect, or all that great. But they're objectively a hell of a lot better for the average American than republicans are. It's called the lesser of two evils.
You don't have to justify your loyalty to any party to me. It's expected and is what it is. Apparently all you can understand in your bifurcated world is a two party (or maybe in your case, a one party) system. Dedication to the lesser of two evils is still dedication to an evil (by your own admission).
But sure, you just sit up on that pedestal you've put yourself on and bleeting about how we need to scrap the whole system and start again, if you just want to keep trying what hasn't worked so far.
Kneel! From my pedestal, I dub thee
"Sir Misses the Point". You really
are confused if you think that I support scrapping the whole system and starting again. That's the complete opposite of what I believe. I'd like to see workable and practical reforms, and I'd like to see people less tied to one party or the other. Independents often
lean one way or the other (though not always the same way in each election cycle or contest), but their lack of devotion or loyalty to either party is what I'd like to see in more voters. A viable third party, or even a coalition of parties, would be a welcome sight to me.
But it was
you who was on here a few months ago floating the (truly) insane idea of a civil war being necessary to effect change in the U.S. That suggests a person incapable of practical compromise or developing workable solutions within a system (that's not as broken as a seemingly irrational person wants to believe)... one who can't accept reforms, but suggests burning down the house (going to war?!) instead. Hey, you said it... so gotta own it.