China’s Xi Inspects Undisclosed Space Base, Asks Military to Make Preparations for War

SSG Bill McCoy Yepper.

PFC David Foster - Merely "taxing the rich," won't do much at all because it's cheaper for them to have attorneys so they can avoid taxes through [intentional] loopholes. It's a fallacy when Democrats spout their rhetoric about higher taxes on the rich ... after all, they ARE the rich. They write-in (Dems AND Reps) the loopholes in the tax code that are hidden within all the double-talk, legalese jargon.
No, better to eliminate the tax cade as it applies to individuals and tax EVERYONE at the SAME rate with NO exemptions for the rich, and mortgage exemptions for the high-middle income makers down to the lower incomes. A "modified flat tax," if you will.
As for corporate taxes, the rich use incorporation to enable them to write-off taxes as investments. Using corporations as a tax shelter should be disallowed; while taxing corporations on their gross profits, not their net profits as the latter is manipulated to avoid taxes.
Also, investments in overseas corporations should be similarly taxed, and as far a American companies, "moving" overseas .. they should have to endure a much, much larger tax rate with their Boards of Executives' personal incomes taxed at the same rate.

SSG Bill McCoy - I agree with you, we need to do away with the reinvestment credits and all that crap... that'll work, throw in a 50 inheritance tax for everything over a million dollars... keep it simple.... it gets my vote...

PFC David Foster - Yep, a part of the whole problem is the tax code is NOT simple.

Amen.

MAJ Dale E. Wilson, Ph.D. - In the words of our SAVIOR; "Peace. Be still."

Amen

SSG Bill McCoy - They will definitely try to sneak in some high paying jobs all over the place, and I imagine a big chunk somewhere will have to be put back to help small businesses have a smooth transition into a 15.00 minimum wage until they can raise their prices high enough to meet inflation and cover labor cost. We can't let middle class small business start sinking everywhere.... I advise everyone to go out and borrow all the money you can and make some big real estate investments.... inflation over the next 10 years will double your equity.

PFC David Foster - My first two jobs were at summer camps. $45 for one summer (YMCA), $65 for the next (BSA). My first regular job was .65 Cents/hour. Admitedly, a long time ago. My first good job, post-army, started at $7.90 an hour (1979); but I advanced into six figures quickly (hourly to salary).
The current minimum wage is only disgusting because the ADULTS who've taken those jobs, find it relatively easy and demand a so-called, "living wage." I'm sorry, but fast food wages, if not intended as such, were surely a young person's entry into the work force ... a means to garner a good job reference for future, butter jobs. Meanwhile, the jobs in the gas station chains, already for some time, START at $15/hr of very close to it and are more suited for those who gain experience via the McDonalds/Wendys/etc chains.
By making $15 the MINIMUM wage, it will adversely affect many small businesses like printing shops, souvineer shops, computer shops, etc. Obviously, their prices will go up and virtually everything will cost more. It's a vicious cycle that, via inflation will become a norm - FOR AWHILE. Then some idiot politician will say, $15 bucks is slavery ... we need to rails THAT to ... what? $25/hr? "... and the beat goes on."
Real estate? HOT now ... but remember, it crashed before and a lot of people got burned. If inflation spirals out of control, the real estate marked will be hard hit.

SSG Bill McCoy - Dam Grandpa :-), how old are you? I'm 65 and my first job was priming tobacco sunup to sundown for 12 dollars a day.
I agree with everything you said, but IMO, real estate owners, along with business owners who are deep in debt now, will be the big winners through an inflationary period. It will drive rent up, it will drive the prices of everything up, will gain big time in equity. A couple of examples; someone just bought a house with no money down, they owe 200K on a house at 3% interest, after 10 years of 10% inflation, their house will double in value up to 400 K, so the dollar will be cut in half making his real estate worth twice as much and making the payment twice as easy to make (earnings and rent etc. will double). The same for business owners, if they can struggle through, they will be the big winners in equity for the same reason; a person owe 2 million that started a McDonalds now, in 10 years of high inflation, his business will double in equity and make the mortgages much easier to pay off because theoretically, he would be making twice as many dollars to pay off a business that would cost twice as much to start after the inflationary period.

I'm a young (LOL) 72. When I started driving, gas was .24 Cents/gal ... when I got my first license 2 later (at 16) is was a whopping $.27 Cents/gal. I remember stopping for gas and putting .50 Cents in the tank between paydays! LOL
I should have "qualified" my statement by saying I'm no financial wizzard. I get what you're saying; especially on real estate. My son and I were recently discussing my house/3 acres and even 5 years or so ago, the value went up over $60K. Now, it's probably in the range of $100-150K more than we paid because of a 2-story barn that we built and I added on to 3 years ago. Fencing, landscapoing, etc... they add up well. Basically, it's our nest egg investment ... or something for our kids.