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Originally posted by TheWalkingFox
reply to post by sonnny1
And do they plan on massive price-fixing so that the cost of goods and services is relative to income? 'Cause you can only have it one way or the other; progressive taxation and flat prices, or flat taxes and progressive pricing.
The reason is simple; 10% of a $200 paycheck is a much larger blow to buying power than 10% of a $200,000 paycheck, because prices remain the same. This gets even worse with the additional 10% sales tax they're talking about.
These plans are, one and all, nothing more than attempts to lure idiots into supporting a plan that amounts to "tax the poor for the benefit of the rich."
At least this guy thinks it's a good idea
Originally posted by Jezus
Originally posted by EarthCitizen07
The idea is not tax the hell out of the billionares, but figure out where the money went and get it.
Exactly. People mistakenly believe taxing the rich is punitive.
It isn't punishment, it is simply a logistical part of capitalism.
When people have such a massive percentage of the overall income, of course they are going to have to pay a larger percentage of the taxes.
Originally posted by TheImmaculateD1
Police officers, firefighters, civil service workers are being laid off in record numbers due to the rich getting their tax breaks. How is this right?
Originally posted by apacheman
reply to post by Xtrozero
Billionaires buy our governments, foment our wars, and fund terrorism.
India, presently with exactly 55 "dollar-billionaires" (individuals with a total net worth of one billion dollars and above), accounts for roughly 4.5% of the global total of 1210 billionaires across the six continents.
Their total wealth of $92.7 billion crushed the previous record of $77 billion in 2008.
Capping wealth will have zero adverse effects and many good ones.
Capping wealth doesn't limit anyone's choices in any demonstrably real way.
actually, this strawman has historical precedent ... see the Fed Reserve for examples.
As I've pointed out before, alluding to an eventual ten-dollar cap on wealth is a strawman argument.
Police officers, firefighters, civil service workers are being laid off in record numbers due to the rich getting their tax breaks. How is this right?
Originally posted by type0civ
Your statements baffle me. Your ok with using tax as a penalty to discourage us from success it seems. Do you really think the govt has a legitimate need for our money? National defense, infrastructure and so on is fine. But if you look at the creation of certain govt departments and our spending on things like mosquito nets in Central Africa, you can start to see what an utter failure those have been.
Originally posted by type0civ
I recall reading that to obtain a corp charter to operate in the US, you had to demonstrate that WE would benefit from that activity, product or whatever it may be. Good, moral, ethical business practices....what happened?
Originally posted by Crakeur
reply to post by RealAmericanPatriot
Personally, I think the goverment should also add a corporate payroll tax so that, any employee that receives a bonus that is at least 50% of their annual salary, results in a corporate tax that charges an additional amount based on the overage. It might result in corporations paying smaller bonuses. Excessive salary taxes should also be added. A CEO doesn't need to make $50,000,000 a year or more. It's nonsensical and that money could be used for other things, or distributed to shareholders.