OK, one more

[dryheat]

When Elon Musk was named Time Magazine's Person of the Year, Sen. Elizabeth Warren complained that Musk should "pay taxes and stop freeloading off everyone else."

Freeloading?

"I will pay more taxes than any American in history ($11 billion this year)," Musk responded. "Don't spend it all at once ... oh wait you did already."

Love that answer.
John Stossel again.

[Vern Humphrey]

Here's how I look at it. Everybody -- EVERYBODY -- should pay their fair share. And their fair share is exactly what I pay, no more and no less.

[Johnny P]

In 2020 61% of Americans paid no federal income tax. That is getting close to everybody.

[Vern Humphrey]

And since the money-suckers outnumber the money-makers, we're doomed.

[bruce]

As long as we borrow on the backs of our children and grandchildren to finance our own little party ... all will be fine. When the day comes that our children and grandchildren have to pay for all the money we borrowed for our own use ... then they ought to all disinter us all, grind whatever is left of us up for fertilizer, compost or fill dirt, sort out and use all the gold and silver and jewelry, sell the caskets for salvage and the stones for gravel and and then stand in a big circle and urinate on whatever dust remains. It's all we deserve. Cut the federal budget. Start with the big ticket items ... and yes that means not only social programs but all programs without exception. And ... tax current income regardless of source. A working man should not be paying big percentage while "investors" pay a low percentage capital gain ... or nothing at all b/c of a write off. No second homes, etc. No company vehicles taken home, etc. It would be a bitter pill to swallow. So what. What we are leaving to our children and grandchildren is nothing less than legalized financial assault (use your imagination). JMHO. Sincerely. bruce.

[Vern Humphrey]

The problem is, that's a recipe for destroying the economy.

Look back at the Weimar Republic -- the French demanded the Germans pay war reparations out of CAPITAL as well as income. When you attack capital, you attack the economy at its foundation.

[dryheat]

Child Tax Credit. The children and grandchildren are participating.

[Roadkingtrax]

And since the money-suckers outnumber the money-makers, we're doomed.

We should start by cutting out the states that take more taxes than contribute. I'll let you guess which states those would be.

[dogtag]

Elizabeth Warren is almost as empty headed as the lovely Maxine Waters.

[Johnny P]

States with highest debt: New York, New Jersey, Illinois, Massachusetts, and California.

States with lowest debt: Texas, Florida, Alaska, North Carolina, and Tennessee.

Gee, were all those states with the highest debt democrat run? It sure appears so.

[Roadkingtrax]

States with highest debt: New York, New Jersey, Illinois, Massachusetts, and California.

States with lowest debt: Texas, Florida, Alaska, North Carolina, and Tennessee.

Gee, were all those states with the highest debt democrat run? It sure appears so.

Strawman meet scarecrow.

[togor]

Always good to see which states pay and which states have their mitts out when it comes to Federal dollars.

https://www.moneygeek.com/living/states-most-reliant-federal-government/

[Art]

Always good to see which states pay and which states have their mitts out when it comes to Federal dollars.

https://www.moneygeek.com/living/sta...al-government/

Interesting stuff.

The article differentiates between red, blue but not purple states.

As the article points out, the poorer a state is the more dependent on the Feds it is, just the way it is. Its also true that a lot of Federal largess is not optional, the state will take the money...not that their arms generally have to be twisted.

The four big states, Tx, Fl, NY, and Ca are ranked 38, 39,40 and 44 in that order which makes them neck and neck at the bottom half of living off the Federal tit, a good thing considering their size. Two red states and two blue ones. Tx has a $7.85 Billion surplus (it has run a surplus for many, many years.) Florida has a $2.75 Billion deficit, NY has a $15 Billion deficit and Ca has a $26 Billion deficit. A big deficit is a lot bigger problem if you don't have a printing press, just ask Illinois. Now all of these states have some debt, its just that a surplus makes you feel better about it, sort of like having a car payment and mortgage but always having a hefty amount in the bank at the end of the month.

How a state handles its money counts for something too.

Interesting fact: Russia runs a budget surplus.

GW Bush inherited a surplus from the Clinton Administration and then decided, contrary to his policies in Texas, to "refund" the surplus. Not his best decision IMHO.

[togor]

The blue dots produce tax revenue, and the red acres suck it in. There are reasons for that, one of which is a government policy of cheap food. But it is nonetheless a fact that blue subsidizes red, to paint with a very broad brush.

[Art]

The blue dots produce tax revenue, and the red acres suck it in. There are reasons for that, one of which is a government policy of cheap food. But it is nonetheless a fact that blue subsidizes red, to paint with a very broad brush.

With a very, very broad brush. Another way of putting it is states with more people, or at least more population density, have a very strong tendency to produce more tax revenue and states with fewer people produce less.