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originally posted by: ownbestenemy
a reply to: SearchLightsInc
There is a marked difference between patriotic taxation, such as which many nations faced after (and during) conflict and that during relative peace. If one knows their taxes are going to help rebuild a nation that was attacked and deeply destroyed, they tend to be willing; as evident in what you write.
On the other hand, taxing to tax for revenue, to sustain and shift wealth in order to prop up systems that obviously require the "rich" to pay, while allowing those who do not make as much, receive; that system is broken and cannot sustain.
originally posted by: SearchLightsInc
The rich are every part of society as are the poor. With great power comes great responsibility. Money is power. The wealthy have only benefited from such systems as FREE healthcare, affordable housing and welfare safety net.
It created a workforce that were happy to work hard in order to live decently. It supplied them with a HEALTHY workforce and most of all, it looked after those who could not work due to ill health/hard times, which kept crime low.
Part of the trouble with WEALTHY people (notice i dont say rich) is that they dont really have a national identity, they're globetrotters and the world is their oyster - Why should they pledge loyalty to any tax system when they're constantly moving around?
They just dont "get it" and so they use as many tax avoidance schemes as they're accountants can find to both maintain and increase their wealth at the very expense of the inhabitants of the world that keep it turning.
It HAS to change.
originally posted by: paraphi
originally posted by: noeltrotsky
I was wondering what people think of a tax like this?
Punitively high taxation rates are an inherently unfair and are rooted in the politics of envy.
All punitive taxation does is appease those people who like to "shaft the rich", but the rich just find ways to avoid. Best that the rich don't avoid tax, but pay the same proportionately as everyone else.
Equality is the best approach.
Regards
originally posted by: nerbot
a reply to: noeltrotsky
Something France needs to do (but won't) is get the population to WORK HARDER AND LONGER HOURS.
They also need to make it easier to be self employed.
Did you know the word "entrepreneur", although french, is only used as a label for an employment system that limits people to a single activity (auto-entrepreneur). Stoopid!
originally posted by: SearchLightsInc
One of most prosperous periods of time in recent history was post world war 2 when the wealthy occupants of the uk were being taxed upwards of 70% of their annual income.
We rebuild a country, created the NHS, welfare safety net and creates affordable housing. Jobs were plentiful, people were happy and secure after so much destruction.
Taxing the wealthy works.
originally posted by: roth1
We only need a fair tax. With no loopholes. For rich or bushiness. ( Flat tax ) Get rid of all the tax codes. Everyone pays the same % on each dollar period. As this happens the percentage can be lowered as revenue will increase. The poor will have more money, buy more products and the rich will get some back. Supply and demand create jobs. Supply of money to the majority means more spending. As they live pay check to paycheck. That sale of products Creates more jobs and more revenue for corps and gov. In the long term future as population expands beyond the ability to maintain it may need to be changed again.
originally posted by: MALBOSIA
The point of money is a means of exchange, not to mass wealth.
originally posted by: noeltrotsky
originally posted by: MALBOSIA
The point of money is a means of exchange, not to mass wealth.
Money is not only a means of exchange, it is also a store of liquid assets and thus, wealth. Money is a critical component of wealth storage actually, due to it's very liquid nature (ease of use). Clearly not all wealth is stored in money.
originally posted by: noeltrotsky
In a brave move the French almost 2 years ago implemented a 75% tax on personal earnings over $1 million. The promise of this 'Super-Tax' helped Hollande beat out Sarkozy for the presidency but it didn't go over well with the super rich. Some moved out of the country while others quietly made arrangements with their employer to lower salaries now and recover losses after 2 years when the Super Tax expired.
Well the tax is about to expire and won't be renewed. A brave experiment to reverse the ever growing income inequality in this world ends in failure. The super rich once again bend Democracy to their whim.
www.businessinsider.com...
I was wondering what people think of a tax like this? Possibly it should be implemented in many democratic countries at the same time so the super rich can't run and hide? Or should Democracy just give up trying to control income inequality?
en.wikipedia.org...
The countries that have recently reintroduced flat taxes have done so largely in the hope of boosting economic growth. The Baltic countries of Estonia, Latvia and Lithuania have had flat taxes of 24%, 25% and 33% respectively with a tax exempt amount, since the mid-1990s. On 1 January 2001, a 13% flat tax on personal income took effect in Russia. Ukraine followed Russia with a 13% flat tax in 2003, which later increased to 15% in 2007. Slovakia introduced a 19% flat tax on most taxes (that is, on corporate and personal income, for VAT, etc., almost without exceptions) in 2004. Romania introduced a 16% flat tax on personal income and corporate profit on 1 January 2005. Macedonia introduced a 12% flat tax on personal income and corporate profit on 1 January 2007 and promised to cut it to 10% in 2008.[21] Albania has implemented a 10% flat tax from 2008.[22] Bulgaria applies flat tax rate of 10% for corporate profits and personal income tax since 2008.[23]
originally posted by: noeltrotsky
originally posted by: MALBOSIA
The point of money is a means of exchange, not to mass wealth.
Money is not only a means of exchange, it is also a store of liquid assets and thus, wealth. Money is a critical component of wealth storage actually, due to it's very liquid nature (ease of use). Clearly not all wealth is stored in money.
originally posted by: StoutBroux
I consider government and taxes like a casino. They're only in it for themselves.
These are the countries that have a flat tax, which ironically keeps increasing.
originally posted by: noeltrotsky
The US tax rate is currently 7th highest in the world....
en.wikipedia.org...
So France isn't wildly out of line with many other countries in the world. Of course any discussion of taxes revolves around lowering them.