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Millionaires to Obama: Tax us

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posted on Nov, 19 2010 @ 03:57 PM
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What a suprise! Intresting news!

news.yahoo.com...




posted on Nov, 19 2010 @ 04:22 PM
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Way to bend over and take it.



From the article...



More than 40 of the nation's millionaires have joined Patriotic Millionaires for Fiscal Strength to ask President Obama to discontinue the tax breaks established for them during the Bush administration, as Salon reports.


So 40 of the almost THREE MILLION millionaires want to be taxed. Nice.

So .00138% of millionaires are worth a story on Salon.com. I can probably name more millionaires that have killed someone in thier lifetime.



posted on Nov, 19 2010 @ 04:44 PM
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If I were rich, I can't imagine ever being so greedy that I would not want to be taxed more. The lower and middle class have paid way more than their fair share.
edit on 19-11-2010 by Night Star because: (no reason given)



posted on Nov, 19 2010 @ 05:05 PM
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While I agree that the rich shouldn't be exempt... Just remember that depending on how rich these Millionaires are, in one tax hit for the year, they will pay more than the average person would in 10 years.

Just something to think about.
edit on 19/11/2010 by Sovaka because: Grammar



posted on Nov, 19 2010 @ 05:09 PM
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reply to post by Night Star
 


I'm not getting this train of logic at all.

Just because you're rich does not automatically make you greedy. Greed is not necessary to success in life.

I will never understand why people think that the only way people succeed in life is through being greedy.

Hard work does pay off, so does education. Some people put in the work and reap great rewards for it, and they are entitled to keep it. Why we assume people wanting to keep their money is tantamount to greed, and should be punished through taxation is beyond me.



posted on Nov, 19 2010 @ 05:11 PM
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40 people. jesus what a stretch. i don't blame anyone for not wanting to be taxed. i don't want to be taxed. i'm not a millionaire, but if i was i'd still not want to be taxed.



posted on Nov, 19 2010 @ 05:49 PM
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Originally posted by Night Star
If I were rich, I can't imagine ever being so greedy that I would not want to be taxed more. The lower and middle class have paid way more than their fair share.
edit on 19-11-2010 by Night Star because: (no reason given)


"Fair Share"... please. All taxation is theft.

Why should anyone, wealthy or not, be forced to fund things that are immoral (wars) or in opposition to ones own interest (bailouts, failing public 'safety nets', or subsidies).

The idea of 'fair' goes out the window when people are using violence and coercion to take away the earnings of other people.



posted on Nov, 19 2010 @ 06:46 PM
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Sooooo, what we have here is a collection of rich people that want to give their money to the government.

Tell me folks-what is stopping them? I mean really, what is stopping them? NOTHING!

They can voluntarily give as much as they want to either the government or they can give their money to CHARITY.

I wonder which one would ACTUALLY make a difference? I am assuming that if they gave their money to the government, that it would just go to the banksters, just like every DIME that goes to the government now.

Am I wrong, I think NOT?!



posted on Nov, 19 2010 @ 09:05 PM
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Originally posted by projectvxn
reply to post by Night Star
 


I'm not getting this train of logic at all.

Just because you're rich does not automatically make you greedy. Greed is not necessary to success in life.

I will never understand why people think that the only way people succeed in life is through being greedy.

Hard work does pay off, so does education. Some people put in the work and reap great rewards for it, and they are entitled to keep it. Why we assume people wanting to keep their money is tantamount to greed, and should be punished through taxation is beyond me.









Not saying that all rich people are greedy, but many are in my opinion. When we are talking millions of dollars, to me that is more money that any one person could ever need or want. If you need every penny from your millions of dollars to make you happy... to me that's greed. I would have no problem sharing my wealth, donating to the poor and needy etc. I could go without a 14kt toilet seat or a house big enough to get lost in.



posted on Nov, 19 2010 @ 09:12 PM
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reply to post by Night Star
 



Not saying that all rich people are greedy, but many are in my opinion. When we are talking millions of dollars, to me that is more money that any one person could ever need or want. If you need every penny from your millions of dollars to make you happy... to me that's greed. I would have no problem sharing my wealth, donating to the poor and needy etc. I could go without a 14kt toilet seat or a house big enough to get lost in.


Fine, then share YOUR wealth. Let others do so as they please. But taxation is not charity. And charity is a personal choice, forcing charity is theft.

2nd, who are you to tell others how much the 'need'? If you have enough money that you couldn't possibly spend it yourself, what do most of these people do? Donate it, invest it in to other ventures, create businesses. They do spread their wealth, but they do it out of their own volition.

Government can only take that same money and waste it. And that all they do. It's the reason we're in the mess we're in. Am I saying that the tax code is fair? No. Nothing can be fair with 80,000 pages. What we need is a flat, fair tax across the board, and a government funded enough to do their Constitutional duty and NO MORE.

We are all Americans and we are all guaranteed equal protection under the law. Taxing people just because they make more than you do isn't NOT fairness under the law, it's class warfare.



posted on Nov, 20 2010 @ 12:37 AM
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reply to post by Night Star
 


"Greedy" That you would "not want to be taxed more"?! By all means, then give your money away. Don't you understand that at the end of the day this ENTIRE FORUM... EVERYTHINGis contingent on the NWO and their TAXES (income and property), IRS, THE FED, and IMF? This is it. Everything else is an ILLUSION to detract us from the immoral taxes and debt/slavery created by it.

While we have silly conversations about Democrats vs Republicans, or should we allow TSA to cup our balls, our country and liberty is being stolen under the guise of ILLUSIONS such as the "War on... Terror, Drugs, Pornography, Education, Immigration, etc."

Please google and research THE FED. Know the clowns: Bernake, Paulson, Geithner, Greenspan, etc. Then come back and talk about who is greedy...

Do you know there is NO reason to have an income tax or IRS save the NWO wants it? Gasoline taxes pay for roads, property taxes (also immoral.. read Cicero) pay for schools, cigarettes (health-care programs, etc.). So many taxes.

The income tax merely pays the INTEREST on the "money" that the Federal Reserve prints and LOANS the government (us). END THE FED and you end paying interest. The IRS is a collection arm of THE FED to pay the interest. RESTORE printing/coining of money to congress (per the constitution).

This may help: From George Orwell's 1984:

www.youtube.com...


edit on 20-11-2010 by BoatRock1 because: didn't enter text



posted on Nov, 20 2010 @ 01:02 AM
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reply to post by Night Star
 


The problem with the general concept of wealthy people is that we apply the thoughts and needs of an average person upon someone who has that much money.

When you have that kind of money - worrying about how you are going to pay bills or how you are going to replace the newly broken appliance is simply not much to worry about. Now - any 'real' person worth their wealth will not be smiling to turn over a dollar they did not plan on spending (such as a broken appliance) - but the entire concept of what one does in life changes.

The mentality is generally different - you work and make money, generally, to consume and survive. most of your money goes toward survival. Someone with wealth has a surplus and will look at their money in a different way. I have always wanted a bad-ass garden. I have always wanted a small machine shop so I can build my various machinations of technological wonder to market in limited fashion (or, heck, maybe mass produce if something picks up). I've always wanted to look for the smart people - those who are a cut above even the cut above (even if they don't realize it) and teach them everything I know and turn them loose with more resources to experiment and explore various fields of science/discovery than most others could ever dream of.

Along a more corporate end of things - I've always wanted to start up a contracting industry that manufactures and sub-contracts for high-tech aerospace solutions (including but not limited to military applications).

That sort of stuff requires capital - but, are the sort of things I would like to do with millions of dollars. I would like to spend that money to create jobs and to, more or less, fuel my curiosity and desire to create while passing that on to people as I go.

In that sense - I would never have "enough" money - but I would not be greedily pursuing it, either. Money - capital investment - drives the world forward. I'm a very future-thinking person - so money is a very critical resource that I require.

And I will be flat honest with you - raising taxes on me because I "have earned enough" would simply lead me to move to another country. I am patriotic and love America - but I have goals and dreams that cannot be accomplished in a country filled with envy and jealousy towards those who have the means to invest and create markets, jobs, and the economy at large.



posted on Nov, 20 2010 @ 01:12 AM
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I'm for fair tax.

I think the reason this is coming about is because people are starting to realize who close we almost are to falling apart again. If tax breaks stay its just more likely that the money people have will be worthless anyway.



posted on Nov, 20 2010 @ 01:15 AM
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There is a section on tax returns asking if you would like to send in more money than you actually owe.

Why these 40 morons just dont do that instead of attempting to impose their beliefs on everyone else is the real problem here.

No one is stopping them from mailing the IRS a check.



posted on Nov, 20 2010 @ 09:59 AM
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God forbid the filthy rich should have to pay their fair share of taxes.

Why pay taxes? Why pay for anything?

Humanity has become completely and totally morally bankrupt, as the defenders of greed on this thread have clearly proven.

If you don't want to pay taxes in America, move to a different county where you can get a better deal.

Isn't that how markets are supposed to work?

We need to return to the tax rates of the sixties, rather than continuing to borrow huge amounts of debt to leave to our children.

Ah, but the morally bankrupt among us don't care what debt we leave to our children, or do they bother to pay attention to the fact that the people who pushed tax cuts for the rich, are also the people who borrowed huge amounts of money in the name of U.S. tax payers.



posted on Nov, 20 2010 @ 10:08 AM
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Originally posted by poet1b
God forbid the filthy rich should have to pay their fair share of taxes.

Why pay taxes? Why pay for anything?

Humanity has become completely and totally morally bankrupt, as the defenders of greed on this thread have clearly proven.

If you don't want to pay taxes in America, move to a different county where you can get a better deal.

Isn't that how markets are supposed to work?

We need to return to the tax rates of the sixties, rather than continuing to borrow huge amounts of debt to leave to our children.

Ah, but the morally bankrupt among us don't care what debt we leave to our children, or do they bother to pay attention to the fact that the people who pushed tax cuts for the rich, are also the people who borrowed huge amounts of money in the name of U.S. tax payers.



The "rich" pay more than their fair share.

Do you?

You seriously want the government to confiscate 91% of someones income?

Ever heard of freedom?
edit on 20-11-2010 by BigTimeCheater because: (no reason given)



posted on Nov, 20 2010 @ 10:24 AM
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There had to come a point at which the most fotunate citizens would realize that they simply had to kick in a bit extra. It is beyond pointless to argue against increasing the taxes on the highest tax brackets and equally pointless to argue that one should increase taxes on the lowest brackets.

We simply can't afford to let the rich keep it all as a nation and the people themselves can't afford to be taxed more heavily in the lower brackets at this point.

The beauty of it all is that if they transfer some wealth into the hands of the middle and lower classes it will, by in large, be pushed back into the system and into the hands of the wealthy once again, where it can be rightfully taxed in a manner that does not trade ones food or housing for government programs.

Reagen had it wrong from the start. It trickles up, not down.

We need to get this gap in wealth closed up a good bit for liquidity in the economy to be at healthy levels.

This would be a good first step.



posted on Nov, 20 2010 @ 01:06 PM
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reply to post by BigTimeCheater
 


When the top income tax bracket was 90% and 70% and 50% the write offs available were off the charts. The wealthy were still very very wealthy. They didn't actually lose 90% of their income.

In reality, the most wealthy and many corporations actually pay MUCH less dollar for dollar than the middle class, in taxes. The loopholes and write offs available are enormous. As far as I can tell, dollar for dollar, the middle class is most affected by taxes, by far. The amounts paid are more significant to their bottom line, even if they are techincally smaller. They need the 5 or 10 thousand much more than the millionares need the taxes they pay. The middle class also has much fewer write offs and has a more difficult time recoving what they pay.

Personally I support the idea of lowering taxes a little bit, across the board, but eliminating most write offs. Those that apply to children, or to STARTING a business should stay. New write offs could then be offered based on average employee pay do discourage the insane over payment of executives while their employees lose their jobs and homes and worry about what they can eat this week.



posted on Nov, 20 2010 @ 01:51 PM
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Originally posted by projectvxn
reply to post by Night Star
 



Not saying that all rich people are greedy, but many are in my opinion. When we are talking millions of dollars, to me that is more money that any one person could ever need or want. If you need every penny from your millions of dollars to make you happy... to me that's greed. I would have no problem sharing my wealth, donating to the poor and needy etc. I could go without a 14kt toilet seat or a house big enough to get lost in.


Fine, then share YOUR wealth. Let others do so as they please. But taxation is not charity. And charity is a personal choice, forcing charity is theft.

2nd, who are you to tell others how much the 'need'? If you have enough money that you couldn't possibly spend it yourself, what do most of these people do? Donate it, invest it in to other ventures, create businesses. They do spread their wealth, but they do it out of their own volition.

Government can only take that same money and waste it. And that all they do. It's the reason we're in the mess we're in. Am I saying that the tax code is fair? No. Nothing can be fair with 80,000 pages. What we need is a flat, fair tax across the board, and a government funded enough to do their Constitutional duty and NO MORE.

We are all Americans and we are all guaranteed equal protection under the law. Taxing people just because they make more than you do isn't NOT fairness under the law, it's class warfare.


I would gladly share my wealth projectvn, if I had wealth. Others can certainly do as they please. Taxation sucks period, but it is far more difficult on the middle class who do not have the tax write offs that the rich have.

I agree that government wastes money.



posted on Nov, 20 2010 @ 02:14 PM
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reply to post by Night Star
 


The answer to that is not taxing one group of people more than the other.

The answer is to simplify the tax code. As I said, it is this way because the Tax code is built in an unfair fashion...and with thousands of pages to wade through, only a team of lawyers could survive. You want fairness in taxation you have to start with the tax code.



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