I wonder if any modern economists have solidly considered the "Old Testament debt rules" and if so, what do they have to say about it? Worth looking in to.
The Commies want to cancel student debt
- Thread starter drbrumley
- Start date
Colleges are an exalted institution among the unregenerate. The world encourages young people to go to expensive state and private colleges to get an education for the purpose of getting good jobs and getting rich. The secular mob does not tell most kids that a college education will not guarantee them a good job. Secularists do not tell kids that seeking to get rich often leads to horrific troubles in life just as the Bible says. What secularist leaders also do not tell kids is that getting rich will often end with the leftist socialist governments of the world demonizing them and seizing their riches in order to 'help the poor.'
How much did Obama raise from the rich when he and democrats controlled the WH and both houses of Congress? Zero. Go figger.
The OT does not encourage godless politicians to seize the assets of hard-working citizens so they can spend the money on the lazy, the irresponsible, the greedy, and the shiftless.
ok doser
lifeguard at the cement pond
Tough luck kid. You're going to get taxed and that money is going to get spent the way they see fit whether you like it or not.
I'm not losing big money to the government. Working Americans with no tax shelters, no overseas accounts, no charitable foundation piggy banks, no political connections to the IRS, and no billions of dollars bank accounts with which to buy off politicians in the business of formulating tax policies are the ones who are being robbed to fund big leftist spending projects.
Democrat taxes are extremely high. Who does that hurt? Not poor people who depend upon the government for handouts. Not rich people who hide their money in foundations, tax shelters, and overseas accounts. Not politicians who get away with paying minimal taxes due to the inevitability the IRS will not prosecute leading democrats for tax evasion. And other assorted slimeballs and crooks. Who gets hurt by high taxes? The majority of Americans who are finding themselves powerless to stop democrats and their voter frauding election machines.
www.theepochtimes.com
The combined state and federal capital gains tax rate in California would rise from the current 37.1 percent to 56.7 percent under President Biden’s American Families Plan, according to a new study from the Tax Foundation.
That increase, which would include federal, state and local taxes on financial gains from the sale of assets in California, represented the highest levy among the 50 states, the Tax Foundation’s analysis said.
Nationwide, the combined average capital gains tax rate would amount to an estimated 48.4 percent under the president’s proposal, with the top federal tax rate increasing to 43.4 percent, according to the report. That compares to the current combined average rate of about 29 percent, the study said.
Combined Capital Gains Tax Rate in California to Hit 56.7 Percent Under Biden Plan
The combined state and federal capital gains tax rate in California would rise from the current 37.1 percent ...
www.theepochtimes.com
That increase, which would include federal, state and local taxes on financial gains from the sale of assets in California, represented the highest levy among the 50 states, the Tax Foundation’s analysis said.
Nationwide, the combined average capital gains tax rate would amount to an estimated 48.4 percent under the president’s proposal, with the top federal tax rate increasing to 43.4 percent, according to the report. That compares to the current combined average rate of about 29 percent, the study said.