Like when you compare them out as a trend like Forbes has done? They're great jobs numbers. Full stop. But being misleading is really disingenuous. They're literally following the same trend; and quite close over all, outside of Manufacturing.
Also, the 70% tax isn't a flat tax. We have a progressive tax system. AOC isn't going to take a flat 70 cents of your dollar. The 70% bracket is for income above a certain threshold. I know progressive tax systems are convoluted and the US does a poor job of explaining it to people but c'mon guys; getting your jimmies rustled and puffing your chests because "lol dems so stupid" when you're missing the point is disappointing and in bad faith.
On top of that; the vast majority of people that would affect, are sheltered since their income is generally cap gains; which is taxed at a paltry sum when compared to yours or my income via wages. The ultra-wealthy, which this plan is aimed at, don't got time for wages; they are rolling in passive income, which funny enough, also got a massive deduction in the tax bill.
So, if she's aiming it wages, it's likely to not accomplish anything at all. If it's going after capital gains and pass-through income, it'll actually have some teeth.
Thus,all of your wages are unaffected, unless you somehow are rolling in massive wage incomes; you might be affected.
And the whole call out for the market being up is a poor attempt at trying to fluff already good numbers and is more of a foot in mouth scenario. The market got annihilated by the end of 2018 and had one of the worst Decembers on record. I highly doubt anybody here finished in the green in their accounts unless you were inverse leveraged heavily (props to your broker), shorted the markets or only held cash.
I know that 300,000 is NOT the average job creation, but if it were to be close to that, that would end up in the vicinity of 3,000,000 to 3,600,000 jobs per year. And, if I remember right (might not be), wasn't someone in Obama's administration (or he himself) claim that they created 4,000,000 jobs over his 8 years in office? Seems kind of piddly to me.
Let’s put numbers to that. If one worked their butt off, was frugal in their spending and saved 2 million dollars, Cortez wants $1,400,000.00 of that to fund green energy leaving you with $60,000 dollars. I’m thinking the US version of the French yellow jackets may just appear?
[citation needed]They created somewhere around 11.6 million jobs during his terms.
I know what you meant but you for got a 0 on the 60,000. I agree with you and think their logic is loco. The hate self Independence and money savvy PeopleAbsolutely. They want to kill free enterprise to achieve their goals of government controlling everything.
Cortez is even gunning for a 70% tax on what she calls the wealthy to fund closing ALL fossil fuel burning power plants to rely on wind, hydro, and solar only for our nations energy needs.
That girl has not a clue in the world about reality.
Let’s put numbers to that. If one worked their butt off, was frugal in their spending and saved 2 million dollars, Cortez wants $1,400,000.00 of that to fund green energy leaving you with $60,000 dollars. I’m thinking the US version of the French yellow jackets may just appear?
And what industry would that be, more .gov jobs does not count as that is not adding to the economy but just spending more tax dollars.They created somewhere around 11.6 million jobs during his terms.
[citation needed]
And what industry would that be, more .gov jobs does not count as that is not adding to the economy but just spending more tax dollars.
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