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.