Mitt Romney - tax the rich MORE!

6,063 Views | 108 Replies | Last: 1 day ago by Tom Fox
Over_ed
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10:27a, 12/20/25
AG
His argument is that we won't cut spending, so to save the country we need to tax more.

In most cases I would rather deal with liberal Dems, at least these guys don't pretend to be rational. Getting left in the lurch by Maga broke a lot of "conservatives". They should be honest about it and register democratic.

Who here thinks that raising taxes is the answer? I don't - I know that higher taxes are just going to be used to justify increased spending. Will make the deficit worse, not better.

Stupid!



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titan
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10:30a, 12/20/25
S

Windfall profit tax on Mainstream Media. Start with that.

Then an income and assets cap on holding Federal political office. No stock trading or even expanding profit while on the job. If this encourages them to make the stay brief, that's exactly the aim.

Without the insulation of being excessively well off, the press/political class would have to be less quick to thinking resorting to more taxes and spending is the best answer.
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Over_ed
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In reply to titan • 10:31a, 12/20/25
AG
titan said:

Windfall profit tax on Mainstream Media. Start with that.

Then an income and assets cap on holding Federal political office. No stock trading or even expanding profit while on the job. If this encourages them to make the stay brief, that's exactly the aim.

Without the insulation of being excessively well off, the press/political class would have to be less quick to thinking resorting to more taxes and spending is the best answer.

Amen.
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torrid
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10:32a, 12/20/25
AG
Says the guy with the $100 million IRA.
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MemphisAg1
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10:33a, 12/20/25
AG
Mitt can write a check to the Treasury today. No one is stopping him.

He can also keep his mouth shut trying to promote stealing other people's money as virtuous.
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titan
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In reply to MemphisAg1 • 10:37a, 12/20/25
S
MemphisAg1 said:
Mitch can write a check to the Treasury today. No one is stopping him.

He can also keep his mouth shut trying to promote stealing other people's money as virtuous.

True. Also, the case can be made that the American taxpayer has a right now to demand no more taxes of any kind until things like USA ID are confirmed as entirely eliminated. Not one dime should be going overseas to such causes as promoting the gender bender agenda and meddling with the social structures of other peoples.

Full transparent accounting of all taken in needs to be designed first.
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Malibu
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10:38a, 12/20/25
Guys, we're $38T in the hole right now and rising, and the wealth gap and affordability crisis is getting worse and worse. We have large bills to pay, and only in fantasyland will our insolvency be solved solely be tightening our belts and not raising revenue (taxing the rich) as well.

We bailed out Wall Street. We bailed out Auto. We bailed out all small businesses and big business (CARES ACT). We bailed out the military industrial complex (Iraq, Afghanistan, etc). Lots of people got rich on the backs of US debt. Those that get rich off of our debt ought to pay some of that debt off too.
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Jeeper79
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10:39a, 12/20/25
AG
The thing about taxing the rich is, I just don't see how it improves anything. More than a revenue problem, we have a spending problem. If you took 100% of rich people's money, that's still not going to run the government for very long. And when they've run out, your country is broke AND dependent.
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B-1 83
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10:41a, 12/20/25
AG
We don't have a wealth tax. Using the term "rich" or "billionaire" simply drums up support from the have-nots.
Being in TexAgs jail changes a man……..no, not really
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YouBet
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10:41a, 12/20/25
AG


OTH, RINO Mitt is not wrong; we are not ever going to cut spending. OTOH, raising taxes won't do dick but he can volunteer to pay more if he would like.

At this point, I would rather just wait until depopulation starts happening rather than have to give more of my money to the government.
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rocky the dog
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10:45a, 12/20/25
AG
Elections are when people find out what politicians stand for, and politicians find out what people will fall for.
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Malibu
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In reply to YouBet • 10:45a, 12/20/25
I'm just a simple accountant, but to increase profit, you usually need to raise revenue and cut costs. The US needs to do both immediately.

It wont though, so I recommend hard assets and low leverage because the reckoning is coming.
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Jeeper79
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10:46a, 12/20/25
AG
We're in a slow motion train wreck. Our country's single biggest problem is spending and neither party is interested in doing anything about it. Taxes alone won't do it - especially if it's only one segment. Even if that segment is the rich.. Only spending cuts will do it.
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Tom Fox
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In reply to Malibu • 10:48a, 12/20/25
Malibu said:
Guys, we're $38T in the hole right now and rising, and the wealth gap and affordability crisis is getting worse and worse. We have large bills to pay, and only in fantasyland will our insolvency be solved solely be tightening our belts and not raising revenue (taxing the rich) as well.

We bailed out Wall Street. We bailed out Auto. We bailed out all small businesses and big business (CARES ACT). We bailed out the military industrial complex (Iraq, Afghanistan, etc). Lots of people got rich on the backs of US debt. Those that get rich off of our debt ought to pay some of that debt off too.

I didn't get any of that and I already pay $250k in fed income taxes while probably 60% pay effectively so little as to not even register.

The top 1% pay double the percentage that they receive in GDP through income taxes. The top 20% pays 87% of net fed income taxes.

The rich and top of the upper middle class already pay for basically everything.

CUT spending!
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MemphisAg1
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In reply to Malibu • 10:49a, 12/20/25
AG
Malibu said:
I'm just a simple accountant, but to increase profit, you usually need to raise revenue and cut costs. The US needs to do both immediately.

You do both if you have shortfalls in both areas.

We do not have a problem with tax revenue. It has oscillated around 17% of GDP since the 1950's.

Spending was at that same 17% of GDP but has mushroomed over the decades to 21% to 22% of GDP.

Out-of-control spending is the problem. Take a chainsaw to it.
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zephyr88
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10:50a, 12/20/25
AG
soak it Mitt...
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cevans_40
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10:52a, 12/20/25
AG
Well he is a career politician and a true RINO so this is not surprising. Hes wrong and wouldn't know his ass from a hole in the ground economically.
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Malibu
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In reply to Tom Fox • 10:52a, 12/20/25
I'm sure your law practice is great, but you ain't in the gilded class, you're closer to here: t


Our gilded class that needs to pony up. We made them whole when they broke the system and they can help make us whole so that our bond yields don't shoot past 50%.

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Tom Fox
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In reply to Malibu • 10:54a, 12/20/25
Malibu said:
I'm sure your law practice is great, but you ain't in the gilded class, you're closer to here: t


Our gilded class that needs to pony up. We made them whole when they broke the system and they can help make us whole so that our bond yields don't shoot past 50%.


THEY DO NOT MAKE THEIR MONEY THROUGH INCOME!!!! You can raise income taxes all you want. The gilded class will cheer you on because it ossifies the class structure.

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BTKAG97
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In reply to Over_ed • 10:55a, 12/20/25
AG
Over_ed said:
His argument is that we won't cut spending, so to save the country we need to tax more.

In most cases I would rather deal with liberal Dems
Like Mitt Romney?
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Malibu
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In reply to Tom Fox • 10:56a, 12/20/25
Correct. Carried interest, borrowing against their shares, etc. etc. And socialism when they fail.
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techno-ag
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In reply to Malibu • 10:57a, 12/20/25
AG
Malibu said:
Guys, we're $38T in the hole right now and rising, and the wealth gap and affordability crisis is getting worse and worse. We have large bills to pay, and only in fantasyland will our insolvency be solved solely be tightening our belts and not raising revenue (taxing the rich) as well.

We bailed out Wall Street. We bailed out Auto. We bailed out all small businesses and big business (CARES ACT). We bailed out the military industrial complex (Iraq, Afghanistan, etc). Lots of people got rich on the backs of US debt. Those that get rich off of our debt ought to pay some of that debt off too.

They already got us 38 trillion in the hole. And you trust them with more?

Nah, if they get more taxes, they'll just waste it. The government needs to learn how to do more with less. Cut taxes across the board.
The left cannot kill the Spirit of Charlie Kirk.
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titan
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In reply to Tom Fox • 10:57a, 12/20/25
S
Tom Fox said:
Malibu said:
I'm sure your law practice is great, but you ain't in the gilded class, you're closer to here: t


Our gilded class that needs to pony up. We made them whole when they broke the system and they can help make us whole so that our bond yields don't shoot past 50%.


THEY DO NOT MAKE THEIR MONEY THROUGH INCOME!!!! You can raise income taxes all you want. The gilded class will cheer you on because it ossifies the class structure.


That's why always mention assets. You need a genuine tax on the ruling class, not the "rich" that many of them are as outside it as any other. A standard something like the vow of poverty to hold office.
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Tom Fox
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In reply to Malibu • 10:57a, 12/20/25
Malibu said:
Correct. Carried interest, borrowing against their shares, etc. etc. And socialism when they fail.

So what will raising income taxes do other than screw people like me?
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Queso1
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10:58a, 12/20/25
AG
Just understand…mitt makes little by way of income. He makes capital gains. When pieces of **** like him say they want to raise taxes on the wealthy, they mean the upper middle working class. It's been a grift of these parasites.
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Malibu
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In reply to techno-ag • 11:01a, 12/20/25
Frustrating posting on this board when posts like this accuse me of a position that is directly contradicted by what I have actually written.

We need to tighten our belts. (Lower costs, cut spending)
We need more revenue.

When our debt load gets to a reasonable level and we have structural surpluses in our budget, we can talk about lowering taxes again.

None of that is going to happen though, our politicians can't stomach the pain. It will get worse, and suddenly we're Argentina and Greece. So plan accordingly

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titan
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In reply to Queso1 • 11:01a, 12/20/25
S
Queso1 said:
Just understand…mitt makes little by way of income. He makes capital gains. When pieces of **** like him say they want to raise taxes on the wealthy, they mean the upper middle working class. It's been a grift of these parasites.

So how do you seize or limit that? That's the kind of ceiling lowering needing for holding office. Its that immunity that allows them to keep proposing hiking things on everyone else.
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BTKAG97
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11:02a, 12/20/25
AG
PUBLIC SERVICE ANNOUNCEMENT:

The ONLY thing raising taxes will accomplish is INCREASED spending.
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Tom Fox
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In reply to Malibu • 11:04a, 12/20/25
Malibu said:
Frustrating posting on this board when posts like this accuse me of a position that is directly contradicted by what I have actually written.

We need to tighten our belts. (Lower costs, cut spending)
We need more revenue.

When our debt load gets to a reasonable level and we have structural surpluses in our budget, we can talk about lowering taxes again.

None of that is going to happen though, our politicians can't stomach the pain. It will get worse, and suddenly we're Argentina and Greece. So plan accordingly


From where? How do you suggest we get it?
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Malibu
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In reply to Tom Fox • 11:07a, 12/20/25
Carried interest = ordinary income.
Progressive capital gains taxes starting at over $5M.
And finally, beating the hell out of Miami.
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YouBet
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In reply to Malibu • 11:07a, 12/20/25
AG
Malibu said:
I'm just a simple accountant, but to increase profit, you usually need to raise revenue and cut costs. The US needs to do both immediately.

It wont though, so I recommend hard assets and low leverage because the reckoning is coming.


Cut the extra $2T in annual spending we added due to COVID, first.

We have way more of a spending problem than a tax receipt problem. That's pretty obvious.
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Malibu
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In reply to YouBet • 11:10a, 12/20/25
My argument is that that's fine and absolutely yes. But we've passed a threshold of debt and we're starting to see the Fed not totally able to bring down yields alone. In the short run, we need all tools on the table and the intestinal fortitude to un* ourselves.
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Tom Fox
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In reply to Malibu • 11:16a, 12/20/25
Malibu said:
Carried interest = ordinary income.
Progressive capital gains taxes starting at over $5M.
And finally, beating the hell out of Miami.


$5m is low. Maybe $20m

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Tom Fox
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In reply to Tom Fox • 11:16a, 12/20/25
.
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Tom Fox
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In reply to Tom Fox • 11:32a, 12/20/25
Tom Fox said:
Malibu said:
Carried interest = ordinary income.
Progressive capital gains taxes starting at over $5M.
And finally, beating the hell out of Miami.


$5m is low. Maybe $20m. And with a mandatory elimination of $2t in entitlements in exchange for the tax changes.

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