Thread: Hey!! Who's pulling the Bandwagon????

Originally Posted by matt321

On a related note:
The GAO or Government Accountability Office, determined that the vast majority (66%) of 1.3 million corporations of all sizes, pay no federal income taxes. The largest corporations are more likely to pay taxes, but still, 25% of the 1000 largest U.S. corporations, those with over $250 million in assets or $50 million in sales, still failed to pay any taxes.
Corporate tax in the United States - Wikipedia, the free encyclopedia

Even if we taxed every buisiness 100%, buisinesses still would'nt pay any taxes. Every increase in the cost of production, gets included in the price of the product and the consumer pays for it, no ifs, ands, or buts. Since most of the rich, were/are buisiness owners, it works the same, we the consumer still pay their taxes and why imo it is so illogical to believe we can punish the rich by making them pay more taxes. Two other problems I see is that if it is easier to hold on to their riches than it is to put those riches to work, they will choose the easy route, as does most anyone, and our job market will suffer, they wont. The second is that we have laws against grandfathering, since the already rich, already have their wealth the new laws only punish those coming next, which might be me and might be you or any one of the millions of us with a work ethic.

IMO,money is not what seperates the rich from the poor, it is education(in my view education starts at birth, not when we go to school or if we ever do). If we instituted a 100% grandfathered tax on the wealthy and then gave that money to the poor, within a small amount of time, the previously wealthy, will again be wealthy and the poor will return to their chosen station in life(yes chosen). Money is a tool, not an ends, and those that are rich and those that will become rich definitely know how to use that tool to their advantage and how to keep it from acting against them. When the poor learn that it is more to their advantage to learn to use money, than just to take more through the government when they feel they need it, the poor class will shrink and the rich will grow, until then we will continue down the opposite path which we are already speeding down, and it seems to be a 12% downgrade, we have no brakes, and our gas pedal is stuck wide open, unless something gets fixed we will reach the bottom, which seems to be coming up faster and faster, if we want it to or not.

Here is the thing. Which filthy rich lawyer would you trust to be benevolent enough to take the country's economy and altruisticaly destribute the money so everyone has a high quality life? I know that there are scoundrel business men as well, but at least you can use your resources to compete and try to become wealthy as well. Once the Government has all of the wealth and is in charge of distributing it "fairly", you will see just how unfair they can be.

As far as the 47% that pay no taxes, let me say this. My father earned $27,500 a year. He had a wife, 3 sons, a house, a car, we wnet on vacations. We lived at poverty level, but never wanted for anything. My father knew how to budget and knew what his responsibilities were for his family.

My two brothers and I all have engineering degrees, all of us have Master's degrees, and one brother has an additional Master's and a PHD in computer science. We are all top in our professions. We never borrowed or recieved one dime from the government. And my father could not afford to send us to college. My brother's and I worked our butts off and paid our own way. And now somebody is determining we have too much and MUST take some of it away to give to somebody else.

I am very charitable with my money. I sponsor children in poverty stricken areas of the world. I donate a lot anonymously.

But that is not enough is it? From each according to his means to each according to his needs. Sounds familiar.