2021 Jan 27, 7:48pm
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The age of the democratic republic is over, the age of the American oligarchy beginning.Oligarchy is the ‘rule of the oligos’, the few: the concentration of wealth and power in the hands of a self-sustaining elite. It sounds quaint, classical even, as though it couldn’t happen here because it already happened there. But it has, in fact, already happened here. Augustus Caesar, who made himself Rome’s first emperor in 27 BC, would recognize the symptoms of our American novelties. The cult of the founding fathers and the cult of entertainment. The elites divided by violent factionalism and united by naked venality. The decay of republican virtues. The widening of the wealth gap and the rise of the populares, the members of the ruling class who rebel in the name of values already overthrown. And then, when all seems lost, the rise of the imperial oligarchy that offers to restore law and order, but installs a different law and a new order.
Follow the money: in 2020, residents of ZIP codes with a median household income of at least $100,000 donated $486 million to Joe Biden’s campaign and $167 million to Donald Trump’s. The thousand or so ZIP codes where at least 65 percent of residents have graduated from college gave $478 million to Biden and $104 million to Trump.
And now those that voted for Biden (and the 50+% that didn't) will be fucked by this President, his Cabinet, Congress, and the Senate at the same time.
rocketjoe79 saysAnd now those that voted for Biden (and the 50+% that didn't) will be fucked by this President, his Cabinet, Congress, and the Senate at the same time.I bet they count on unrestricted SALT deduction being reinstalled. And this consideration alone tramples everything else for them.
I bet they count on unrestricted SALT deduction being reinstalled. And this consideration alone tramples everything else for them.
SALT does not hit them in TX
Hell, Texas already stopped Biden's immigration executive order.
The Tax Cuts and Jobs Act, which took effect in 2018, capped the maximum SALT deduction to $10,000 ($5,000 for married individuals filing separately).
Which is all BS. Not the proposal, but the political reality about the real reason why the Dems want this repealed: To stop the flight of top 5% income earners from Blue States. That requires full repeal.Top 5% pay like over 60% of income tax revenues in California, for example. Similar levels in NY, NJ, Massachusetts, etc. And their flight to lower taxing states have been killing blue state budgets. Not to mention next tear (top 10% to even top 20%) of people fleeing as well.
It does if your their property tax is over $10K.
Eric Holder saysIt does if your their property tax is over $10K.standard deduction is 24K, they must pay more in property tax to work for them (no state tax here). This comes to a house worth more than 1.2M where I live.
I have no first-hand knowledge of Texas taxes, but that cunt who didn't like his move to Austin mentioned that they can go as high as 3%, iirc.
but that cunt who didn't like his move to Austin mentioned that they can go as high as 3%, iirc.
4% I once read a couple of years ago.