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Fox Business' solution to financial crisis: Tax the poor more

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posted on Jun, 27 2010 @ 06:04 AM
if the state is already giving the poor money for housing, food, and everything else....
ummm....what is the sense in taxing them more??
you'll just end up having to give them more in the long they can pay the tax, and still have the housing, the food, and everything else???

where as, if we let the poor keep the little bit of money that they have, at least some of them might find that they don't need the help to get the housing, food and such, and well, that would mean less money would be needed to be diverted to them, heck, increase their wages some, and even more would....hey, maybe enough that we could lay off a few gov't workers that were hired to process them money from out of our hands and into theirs....thus gov't would need less money, less taxes for us all.....

in plain simple words, once they are at the food stamp office, there is no benefit to taxing them, since then, their benefits would have to be adjusted to account for the tax, which will just give them they money they paid in back to them.....unless of course, you want starving mac donald's workers taking bites out of you big macs before they hand them to ya.

ya ever think that maybe, just maybe, if the poor and middle class weren't working so hard just to live, they might be able to find a little bit of time to be alittle innovative, and some of them might stumble on some thing spectacular...
I mean, the airplane, cotton gin, telephone and all that weren't invented by rich folks, or big corporations...
all the rich seem to being doing with their money is playing at the wall street casino and driving everyone else into debt or into the welfare lines.

my best advice to the gov't is before they tax anyone more, they go through that budget and track every cent that they are responsible for and ask themselves, just how much good is it doing for the american people in general....I mean, when we got people in washington who want to bulldoze perfectly good houses, just so they can put construction workers back to work and kickstart the economy hopefull.....
umm...something needs to be changed in their basic thought process!!

cut the crap out of the budget, then come back and talk to us about raising taxes...if you still have the need.
but as long as I am hearing about millions going here and there and everywhere for things that are just plain dumb.....( a fish bridge, to allow trout to go through a steam that was blocked off by us years ago when we built a they can go upstream and spawn again!! only, well, the stream has been cut off long enough, no self respecting trout would venture into those p ollluted waters now anyways...true story, stream is in my area!!)
as long as they are finding money for stupid things, well, I am finding it rather hard to believe that they need more money from me! they can borrow money for the stupid bridge, they can borrow the money for extended unemployment, for education, for healthcare, for their salaries, for everything else also!

posted on Jun, 27 2010 @ 07:07 AM
Actually the problem is the rich that have the knowledge and wealth to pay someone to do all they can to hide income, defer taxes, utilize offshore accounts, etc.

In other words, the rich do not pay their fair share of taxes. Everyone knows this.

posted on Jun, 27 2010 @ 07:34 AM
reply to post by Gigantea Rosa

Ah thanks for that explanation. So there are people who get more back.

I'm not shocked that GA is one of the states that taxes the poor. My state taxes this year were outrageous (not that I'm poor yet!) I really feel for people who barely eat, nevermind get a night out or get a chance to really breathe, and then have to worry about this burden coming at them.

posted on Jun, 27 2010 @ 07:35 AM
reply to post by dawnstar

I'm not positive that the poor we're referring to here are on assistance. However I do know that GA taxes unemployment at the usual rate. It wouldn't surprise me at all if they didn't have a way to tax similar things.

posted on Jun, 27 2010 @ 07:37 AM
reply to post by FiatLux

How hard would that be to do? What do we back the new currency with? What happens to our debt?

posted on Jun, 27 2010 @ 07:56 AM

Originally posted by Hot_Wings
I cannot believe my ears. You fools! Do you honestly for one second attempt to make the claim that any new kind of tax law will be just and equal? Have you learned nothing of history? There is no tax structure that is equal and there never will be. The nature of politics and business is to strive not for equality and fairness, but only to further the interests of its owners over its competition. There is only one thing that you can do under any tax laws in any government, and that is to rise above the foolish notions of equality and fairness in government and to struggle to utilize the very laws that those in power do to further their interests.

Our struggle is not to fight against the current laws in the naive, and foolish hope that new ones will be equal. No! Our struggle, in all times, is to strive to discover the laws that others utilize for their own advantage. The system will never change, no matter what the name! To use the system for your own benefit will always be the only universal law of governance and taxes. The strong lord it over the weak, and so it is always best to gain the strength and knowledge that those who lord over you have gained and utilize.

[edit on 27-6-2010 by Hot_Wings]

This is so true! So long as those who own the capital in this country write the laws THEY will protect themselves. It is laughable to imagine any rewritten tax law that is equitable across the board. There will be built-in safeguards to protect the wealthy regardless of the will of the people.

posted on Jun, 27 2010 @ 08:44 AM

Originally posted by ~Lucidity
reply to post by FiatLux

How hard would that be to do?

The hardest part, is getting our government off their dead backsides to do this. It would be done through an act of Congress.

What do we back the new currency with?

We go back to using what had worked before, gold and silver. Also, one thing that needs to be addressed, is the government spending way more than we have gold to back it up with. In other words, no more printing funny money like they love to do, as this is what has ruined this country, and others around the world. The idea of the whole country being taxed to pay for projects that has no benefit to the rest of the country, needs to be stopped dead. In other words, pork barrel lobbying. This may take putting a few corrupt people behind bars, be it they be politicians, or just corrupt people in general. If one place needs to build something that may be very costly, then they can place a local tax on the people living there, and they would just have to wait to build until the amount needed is there.

What happens to our debt?

As for personal debt, you can do one of two things. Those who we owe the debt to, can either take a few cents on the dollar as payment, or, we can wipe the slate clean and they get nothing. This would have to be put before the people which way they want to go with it. It`s either one or the other overall for everyone.

Yes, it sounds to good to be true, but it can be done, and could be done only if the people are willing to do it. If your not willing to do it, then why do you want to continue the misery this old failed system keeps people in? Just something to ponder. People would also have to learn to stop going so far into debt that they can not get out of it. Wanting everything all at one time, and the over use of credit needs to be dropped like a hot rock. People need to learn to live within their means, and stop trying to pay ten different credit debts all at one time. Overall, we have dug a hole for ourselves with credit, and we need to crawl our way back out of it.

posted on Jun, 27 2010 @ 11:12 AM
reply to post by Hot_Wings

You have a cunning mind, sir. Congratulations. If only I were so clever. But I confess that I am as far from it as a person can be. I would rather break the law for all to see than to cleverly cloak myself in veiled dishonesty. Still, at the end of the day, I want to serve those in need so I will use your brilliant suggestion and saunter over to a similarly clever bookkeeper/accountant-type to launch my nefarious plot to care for the feet of the elderly regularly and at prices they can pay without sacrificing a week's meals for it. Thank you for your advice. It is both happily and begrudgingly received.

posted on Jun, 27 2010 @ 11:49 AM
Perhaps Cheryl will be kind enough to come over and help me figure out how to budget my $973.00 a month in disability so that I can pay more of "my fair share"

Maybe I can cut my $200 in medications out.
Try living on $11,000 a yr/ in the US.

posted on Jun, 27 2010 @ 03:30 PM
Instead of taxing income the U.S. government should tax property. That would help the poor more than them incentive to work their way up in pay without punishing it. Gives the rich incentive to do the same, and there are no tax loop holes (you can't hide property in an off shore account)....and the rich own more property than the poor so you have a natural progressive tax instead of an artificial one. Too many people complain about the system...when really I believe the problem is what we tax. The income tax should be abolished and replaced with a property tax.

[edit on 27-6-2010 by yellowcard]

posted on Jun, 27 2010 @ 03:38 PM
Reply to post by Gigantea Rosa

Jeez. Look folks the statement "tax the poor more" is silly because the poor and most of the middle class end up paying absolutely Zero income tax! The poor get any income tax paid into the system back because they are poor. Deductions and credits bring most middle class income tax to zero or close to zero. And if this country wants to maintain all these entitlements (I don't want to maintain all of them) then we have to pay more taxes all around. The rich cannot really pay anymore they already pay over 50 percent of their income to the govt.

Posted Via ATS Mobile:

[edit on 27-6-2010 by Sf18443]

posted on Jun, 27 2010 @ 04:33 PM
reply to post by Sf18443

reply to post by Sf18443

That's true, but this isn't a black and white situation here. The rich pay so much because they have the money to pay for these things. The poor don't have the money so they can't be taxed. Not only that but the gap between the rich and the poor is increasing.

You can say the rich can't really pay anymore because they are already pay 50%. However, what you are really saying is that they rich shouldn't have to pay anymore because they already pay enough. The poor literally literally can't pay anymore because they don't have the money.

Basically, it's not fair that the rich have to pay so much. On the other hand, it's not fair that poor people have to rise up against the odds to succeed while rich children are handed their futures on a golden platter.

It's a complicated system and I don't believe there is an easy answer to the problem. There never is.

posted on Jun, 27 2010 @ 04:51 PM
reply to post by TheComte

So very true. They have all the resources. I've been told there are online sites and some local community volunteer organizations that can help, but I haven't checked them out. It takes effort and time I haven't made.

reply to post by FiatLux

Silver and gold...okay interesting. Yes, some people are staking a lot in this being the solution.

Good luck getting the majority in Congress to even admit there's a huge problem here, never mind act on it. And good luck getting creditors, who are every bit as guilty and to blame as the consumers who overused credit, do accept any responsibility or loss of profit willingly. In our financial system and country's time of need, what do both of these entities do to us? Prey on us even harder. So, yes, good luck relying on them for any relief.

Sorry for the skepticism here.

I think this is where we take matters into our own hands. I have a radical, off the wall proposal but no faith in the people of America to unify and carry it out. Want to hear it?

posted on Jun, 27 2010 @ 04:55 PM
reply to post by Styki

I think the rich can afford to pay more. And as this report seems to say, they don't pay the most. And they are the ones with both the capability and the power to both influence and take advantage of all sorts of deductions and loopholes. For example, the "richer" among us get the lower interest rates. How is that fair or logical? I understand their reasoning, but I sure as hell don't agree with it. They make it so complex that the average person loses the will and inclination to even fully understand it. It's reasoning like this that helped get us into this mess.

posted on Jun, 27 2010 @ 04:56 PM
reply to post by Sf18443

Did you see my other thread? About the report from the CBO? Does that report address any of your thought processes here?

[edit on 27-6-2010 by ~Lucidity]

posted on Jun, 27 2010 @ 04:58 PM
reply to post by yellowcard

Sort of like a consumer or consumption tax but with property? Not bad. How do you feel about the tax exemptions religious organizations get?

posted on Jun, 27 2010 @ 05:09 PM
What the hell is wrong with people?

Why is everyone OK with government believing they are entitled to our money?

Before talking about how to unjustly tax the "rich more", why arent people out in the streets demanding more and more accountability and responsibility when it comes to spending our money?

Eradicate all unconstitutional expenditures, yes, including all forms of foreign aid and "social assistance programs".

Simply because the rich can afford to pay more doesnt mean they should.

Ever heard of equal protection under the law?

posted on Jun, 27 2010 @ 06:01 PM

Originally posted by brainwrek

Eradicate all unconstitutional expenditures, yes, including all forms of foreign aid and "social assistance programs".

Everyone who is against taxing the rich always starts to point fingers at government spending. What do they point fingers at? Everything that doesn't benefit the rich. It's as if there is a line, and if it doesn't benefit the rich then it shouldn't be included in government spending.

People are by far the best investment that this country can make. When we invest in the average person, we better the country. When we invest in other countries, we better the world. I'm not exactly sure where the profit margin is on this investment, but I am pretty sure we will be better off in the end.

posted on Jun, 27 2010 @ 06:05 PM

Originally posted by brainwrek

Ever heard of equal protection under the law?

What is that is the supposed to mean? Should everyone be entitled to the same lawyers? Poor people get the crap end of that stick too.

I doesn't matter what way we look at this. The only downside to being rich is having to pay a higher percentage of your wages. Most of the time in this day in age people don't become rich because they worked harder than the next guy.

[edit on 27-6-2010 by Styki]

posted on Jun, 27 2010 @ 06:09 PM
Not like they'd even miss it anyway. And it seems all people are asking for is for it to be proportional and fair, with the same laws regarding tax applying equally to all and not benefiting the rich, who happen to have the money to influence these very same laws.

Strict term limits would go a long way toward removing our Congress and government from this sort of influence. It takes time to build corrupt relationships.

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