Thread: Tax the Rich

That goes back to my statement on how people get rich; through cheating people and or entertaining them. There's nothing wrong with that. If you can get rich by convincing someone to pay a rediculous margin on a product or service, that's their own choice to act on their wants and or needs.

IF he is doing anything illegal to shelter/hide his income, then he should pay the price.

If we taxed ever working person in America 10K - that would only be about 120,000,000 X 10,000 = 1,200,000,000,000.

That's less than what we get now - not helpful and very, very wrong - as in revolution wrong.

Originally Posted by earcutter

Sales taxes only - are punitive to not only the poor, but the young, the old, the... well everyone but the rich. Why should I pay an extra 1% on sales taxes to support education when I have no kids? It's called very regressive in school, because of its disproportional effects on the poor compared to the rich. The "poor" will end up paying way more taxes proportionally than the rich.

Not having a progressive federal tax is also very regressive. Very regressive and something only a person who's making a ton oh cash should be advocating for. Taxing a dude 10K on a 20K income is so very wrong - just as taxing a dude 10K when he's making 100K can be wrong. The poor guy is paying a 50% tax rate and the rich guy is paying a 10% rate. Bad, bad, bad... revolution bad.

The only way to even be somewhat fair is to have a progressive fed tax and a nominal sales tax.

Just FYI - THE US IS THE ONLY WESTERN COUNTRY THAT DOESN'T HAVE A FED SALES TAX! I would advocate for it... if it wasn't for the fact that on this morning... I am sick of paying taxes to institutions that aren't efficient!! ARG!

Please see post #141, we already have a Progressive tax rate and the Rich pay the most already and are still being asked to pay more and more...

I just don't see as that will ever be a solution

In 2010 the US FED gov collected 2.2 trillion - about 15% of GDP. Of that, about 9% was corporate tax, 42% individual tax and 40% was payroll tax.

Payroll taxes are what employer pays for its staff - it's kind of a corporate tax, but not necessarily on corps. But it shows how badly we need to keep jobs in America.

Originally Posted by brooksie967

That goes back to my statement on how people get rich; through cheating people and or entertaining them. There's nothing wrong with that. If you can get rich by convincing someone to pay a rediculous margin on a product or service, that's their own choice to act on their wants and or needs.

IF he is doing anything illegal to shelter/hide his income, then he should pay the price.

I guess you just told me that anyone who is successful at business is a cheat... That is a rather sad view of the world, and there is no sense in any further discusion with you on actual facts..

Just an interesting piece of information on Socialist countries VS Capatilist countries.
This study compared capitalist and socialist countries in measures of the physical quality of life (PQL), taking into account the level of economic development. The World Bank was the principal source of statistical data, which pertained to 123 countries and approximately 97 percent of the world's population. PQL variables included indicators of health, health services, demographic conditions, and nutrition (infant mortality rate, child death rate, life expectancy, crude death rate, crude birth rate, population per physician, population per nursing person, and daily per capita calorie supply); measures of education (adult literacy rate, enrollment in secondary education, and enrollment in higher education); and a composite PQL index. All PQL measures improved as economic development increased. In 30 of 36 comparisons between countries at similar levels of economic development, socialist countries showed more favorable PQL outcomes (p less than .05 by two-tailed t-test). This work with the World Bank's raw data included cross-tabulations, analysis of variance, and regression techniques, which all confirmed the same conclusions. The data indicated that the socialist countries generally have achieved better PQL outcomes than the capitalist countries at equivalent levels of economic development.

Originally Posted by gssixgun

Please see post #141, we already have a Progressive tax rate and the Rich pay the most already and are still being asked to pay more and more...

I just don't see as that will ever be a solution

Getting them to pay more might not be the solution Glen - I agree - but if they aren't paying their fair share...

The reason everyone is talking about the middle class is because of the numbers I provided. The Feds are getting the "lions" share from the working person and the jobs they hold.

The rich are doing fine in this country. I think.

Originally Posted by earcutter

Getting them to pay more might not be the solution Glen - I agree - but if they aren't paying their fair share...

The reason everyone is talking about the middle class is because of the numbers I provided. The Feds are getting the "lions" share from the working person and the jobs they hold.

The rich are doing fine in this country. I think.

Wow really they already pay over 60% of ALL the taxes and you are questioning "Their fair share" what exactly is fair ??? More and when that doesn't work ??? More again..

I just don't understand the hate here guys, you actually think the rich owe people something

Originally Posted by brooksie967

Just an interesting piece of information on Socialist countries VS Capatilist countries.
This study compared capitalist and socialist countries in measures of the physical quality of life (PQL), taking into account the level of economic development. The World Bank was the principal source of statistical data, which pertained to 123 countries and approximately 97 percent of the world's population. PQL variables included indicators of health, health services, demographic conditions, and nutrition (infant mortality rate, child death rate, life expectancy, crude death rate, crude birth rate, population per physician, population per nursing person, and daily per capita calorie supply); measures of education (adult literacy rate, enrollment in secondary education, and enrollment in higher education); and a composite PQL index. All PQL measures improved as economic development increased. In 30 of 36 comparisons between countries at similar levels of economic development, socialist countries showed more favorable PQL outcomes (p less than .05 by two-tailed t-test). This work with the World Bank's raw data included cross-tabulations, analysis of variance, and regression techniques, which all confirmed the same conclusions. The data indicated that the socialist countries generally have achieved better PQL outcomes than the capitalist countries at equivalent levels of economic development.

So when ya moving???? and the real question is where ya moving too????

Nobody is saying that Glen. I just try to look at what is best for everybody. If the rich can still be rich but by sharing their wealth we can provide better quality of life to the other 95% of people, why not do it. Let's all hug a tree and sing Kumbaya, hold hands and think about the 'greater' good for once