President Donald Trump - J.D. Vance Administration

[Vol8188]

Dak Prescott gets paid 60 million a year. Not because he's great but that's the perceived value he provides....

And?

 

[C-south]

Over 95% of his compensation is performance based (driven by stock price)....

That’s why when an adjuster finds a home with $450k in damage he’s told to readjust to $40k. Thanks for helping point out part of the problem.

 

[Berry4Heisman14]

Over 95% of his compensation is performance based (driven by stock price)....

That may be true, But the system still rewards executives for inflating shareholder value

 

[Vol8188]

Sure the companies are larger but that doesn’t justify a 300-500X different between CEO and average worker pay. In the 1960s it was much lower, like a 20X difference.

Why not?

How many people are capable of running McDonald’s? Incredibly few.

How many people are capable of cooking fries? Almost everyone.

 

[volfanhill]

I never said business owners shouldn’t be rewarded for starting their company and taking risks. But without workers, there is no business. It’s not communism to say working people generating profit should be able to afford housing, healthcare, and food.

The shareholders dictate all of this. The actual owners of the companies. If they want hourly workers to be paid more, in order to improve retention etc, then they back a board and CEO that wants that. If they think the CEO is worth a $50 million dollar per year compensation package then that's what they want. It's their money and their risk.

 

[BigOrangeMojo]

I never said business owners shouldn’t be rewarded for starting their company and taking risks. But without workers, there is no business. It’s not communism to say working people generating profit should be able to afford housing, healthcare, and food.

People shouldnt automatically be able to afford that. They should provide some service that they can provide for housing, healthcare, and food.

I make more than 5x what an AP clerk makes. Is that fair or should I not be compensated for providing a more valuable accounting service?

 

[Vol8188]

I never said business owners shouldn’t be rewarded for starting their company and taking risks. But without workers, there is no business. It’s not communism to say working people generating profit should be able to afford housing, healthcare, and food.

They obviously can afford those things. Is there some homeless and starvation crisis among middle class workers that I’m unaware of?

 

[Berry4Heisman14]

It’s not systemic failure. Our tax system is harder on the wealthy and easier on the middle class than most of the EU, the idea that the rich aren’t paying taxes relative to “the working man” is an absolute joke and 100% false.

Billionaires like Jeff Bezos, Elon musk, and Warren Buffett paid little to no federal income taxes in certain years. If the tax system was really harder on the wealthy, they wouldn’t spend millions lobbying to keep it exactly as it currently is.

 

[BigOrangeMojo]

Billionaires like Jeff Bezos, Elon musk, and Warren Buffett paid little to no federal income taxes in certain years. If the tax system was really harder on the wealthy, they wouldn’t spend millions lobbying to keep it exactly as it currently is.

And they paid tens of billions in others when they exercised options...

 

[Berry4Heisman14]

People shouldnt automatically be able to afford that. They should provide some service that they can provide for housing, healthcare, and food.

I make more than 5x what an AP clerk makes. Is that fair or should I not be compensated for providing a more valuable accounting service?

Once again not saying people shouldn’t be paid off skill or value. But that doesn’t mean a AP clerk should be paid so little they can’t afford to survive. It’s about dignity for labor in the wealthiest country on earth

 

[Berry4Heisman14]

They obviously can afford those things. Is there some homeless and starvation crisis among middle class workers that I’m unaware of?

If middle-class workers could obviously afford all those things, we wouldn’t have record levels of medical debt, millions living paycheck to paycheck, and an affordable housing crisis in nearly every major city. Just because someone isn’t literally starving doesn’t mean they’re economically secure.

 

[Berry4Heisman14]

And they paid tens of billions in others when they exercised options...

Yes, they paid large sums once when they exercised stock options but that doesn’t change the fact that, for years, billionaires like Bezos and Musk paid little to nothing in income taxes. That’s the core issue:, the ultra wealthy can legally avoid taxes for decades by living off loans backed by their assets, deferring income, and exploiting loopholes that regular workers don’t have access to. But continue your bootlicking

 

[Berry4Heisman14]

Anyways it’s been real yall. I wish everyone the best, I have to get some rest I work bright and early. Goodnight and go vols

 

[Vol8188]

Billionaires like Jeff Bezos, Elon musk, and Warren Buffett paid little to no federal income taxes in certain years. If the tax system was really harder on the wealthy, they wouldn’t spend millions lobbying to keep it exactly as it currently is.

You’re just making up nonsense claims at this point. Buffett has openly stated on numerous occasions that he wants his taxes increased.

Half of Americans actually profit off income taxes. That’s why so many people get excited when it’s tax season.

The wealthy are the ones paying nearly all the taxes. Yes, some years they take massive loses and have 0 net income. That’s rare. Most years they’re paying millions each.

 

[Berry4Heisman14]

You’re just making up nonsense claims at this point. Buffett has openly stated on numerous occasions that he wants his taxes increased.

Half of Americans actually profit off income taxes. That’s why so many people get excited when it’s tax season.

The wealthy are the ones paying nearly all the taxes. Yes, some years they take massive loses and have 0 net income. That’s rare. Most years they’re paying millions each.

This is my last reply in this thread for the night,
But I’m not making anything up everything I’ve said is backed by data from sources like the IRS, ProPublica, and even Warren Buffett himself. You’re right that Buffett has said his taxes should be higher and that’s because he knows the system is broken. He’s publicly admitted that he pays a lower tax rate than his secretary because most of his income comes from capital gains, which are taxed less than wages. It may not be his fault but it’s a broken system clearly. I hope you have a great night brother

 

[C-south]

They obviously can afford those things. Is there some homeless and starvation crisis among middle class workers that I’m unaware of?

That’s not a fair comparison. “Middle class” is a pretty broad range. Like $60k-200k. The average home price is $300k and car price over 40k. Thats not easy for anyone on the lower end of “middle class”. There’s a problem when over 3/4 of the population live paycheck to paycheck and it’s not all just bad decision making or lack of education/skills.

 

[BigOrangeMojo]

Yes, they paid large sums once when they exercised stock options but that doesn’t change the fact that, for years, billionaires like Bezos and Musk paid little to nothing in income taxes. That’s the core issue:, the ultra wealthy can legally avoid taxes for decades by living off loans backed by their assets, deferring income, and exploiting loopholes that regular workers don’t have access to. But continue your bootlicking

And you completely ignore when they pay billions and billions.

Im not for impeding the free market. You are for some type of socialism....

I can agree with you that the current tax system needs to get rid of preferences. Im with you there....

 

[swampfoxfan]

The average CEO is running a much larger company than 50 years ago but you’ve also made these numbers up. US salaries are up far more than 30% from 50 years ago

BS 50 years ago a single salary provided a home,food, clothing and transportation. Kids actually had mother at home. Now both parents work and it's a struggle.

 

[Vol8188]

If middle-class workers could obviously afford all those things, we wouldn’t have record levels of medical debt, millions living paycheck to paycheck, and an affordable housing crisis in nearly every major city. Just because someone isn’t literally starving doesn’t mean they’re economically secure.

That’s on them. Living paycheck to paycheck is a choice. The middle class spends every dime they make and then cry about being broke. It’s a complete joke.

My nurse is spending her quarterly bonus this month on a tummy tuck.

I’m maxing out my 403 and 457b.

Those are choices. Anyone who is 40 or older and broke has likely made a ton of horrific decisions.

 

[BeardedVol]

Why would we be worried about wealthy inequality?

Those who do little and have little skills, should have little. Those who do more, should have more. Inequality is not an issue. It’s a positive

Only a fool believes that this is good for the country or sustainable.

The top 1% of American earners now own more wealth than the entire middle class

More than one-quarter of all household wealth, 26.5%, belongs to the super rich, and their wealth is growing.

www.usatoday.com

 

[Vol8188]

This is my last reply in this thread for the night,
But I’m not making anything up everything I’ve said is backed by data from sources like the IRS, ProPublica, and even Warren Buffett himself. You’re right that Buffett has said his taxes should be higher and that’s because he knows the system is broken. He’s publicly admitted that he pays a lower tax rate than his secretary because most of his income comes from capital gains, which are taxed less than wages. It may not be his fault but it’s a broken system clearly. I hope you have a great night brother

I don’t think you know enough about capital gains taxes to realize how nonsensical his claim is.

He’s made that claim. But he’s either wrong, pays his secretary very well, or is even more insanely frugal than I thought (meaning he taxes out next to nothing to live off). And none of those things (wrong, paying her well, or being frugal) are signs of a problem with our system.

You’re insanely wrong about this topic. Most people in this country profit off taxes. The top 1% pay the vast majority of all taxes.

 

[Vol8188]

Only a fool believes that this is good for the country or sustainable.

The top 1% of American earners now own more wealth than the entire middle class

More than one-quarter of all household wealth, 26.5%, belongs to the super rich, and their wealth is growing.

www.usatoday.com

You’re only a fool if you see this as a problem. To believe this is a problem implies you believe the pie is fixed and that someone else having more, somehow creates less for you.

The truth is all income levels are consistently better off decade after decade.

 

[BeardedVol]

I never said business owners shouldn’t be rewarded for starting their company and taking risks. But without workers, there is no business. It’s not communism to say working people generating profit should be able to afford housing, healthcare, and food.

Set corporate tax rates on a sliding scale based on the number of workers that qualify for and use government assistance programs in spite of being employed, and watch CEO-to-worker pay disparities close, and actual market wages be paid.

 

[BigOrangeMojo]

I don’t think you know enough about capital gains taxes to realize how nonsensical his claim is.

He’s made that claim. But he’s either wrong, pays his secretary very well, or is even more insanely frugal than I thought (meaning he taxes out next to nothing to live off). And none of those things (wrong, paying her well, or being frugal) are signs of a problem with our system.

You’re insanely wrong about this topic. Most people in this country profit off taxes. The top 1% pay the vast majority of all taxes.

Capital gains are 20% and his secretary is probably in the 22% rate.

Buffett reports cap gains when he sells Berkshire but Berkshire pays billions in taxes each yr...

 

[TheDeeble]

Again, that wasnt what he said.

So he ignorantly misspoke instead of lied...

I'd guess probably closer to lied because I doubt whatever drop is being claimed is realistic. I'd say it's closer to political distortion of numbers. Yes, there was probably some exaggeration on how much the prices have changed. But honestly this is how I think they're coming to that number.

Before egg prices went up, the baseline price in 2023 was probably around like 2 bucks and some change for grocery store brand eggs. Some of his stats people had a screenshot of eggs being 10$ at some point in the past few months. Someone else found eggs for sale for $2.89 in Pine Bluff, Arkansas or something this week and rounded down to $2. $10 is 400% more than $2. So there's the "eggs are down 400%" he's talking about. Or maybe they told him you can buy 400% more eggs with $10 now than you could last year at $10. I don't know. But I think they're playing games with percentages to make it sound substantial. If anyone pressed him on the statement I'd almost promise you that would be his retort.

I'm not defending him or saying he's accurate. Just trying to explain how I think they're viewing it using percentages as distortion.