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originally posted by: camaro68ss
tax wealthy people to give money to the government so the government officials can line there pockets.
originally posted by: C0bzz
So, the purpose of taxing the rich more is generally to counteract this phenomena to provide more services - like healthcare, education, housing, food, opportunities to those who are disadvantaged (as well as the working class), helping to break the aforementioned cycle, provide a safety net incase of disease or illness, and stop the trend for wealth redistribution to the top.
It appears that government programs significantly reduce the number of people living below the poverty line. Yet at the same time, by any global standard, America’s performance in turning economic growth into poverty reduction is incredible—as a negative outlier.
originally posted by: Indigo5
...yes he is self-made.
originally posted by: grandmakdw
a reply to: peck420
Please read my post above.
The problem is not rich people.
The problem is the government elite.
originally posted by: Indigo5
originally posted by: camaro68ss
tax wealthy people to give money to the government so the government officials can line there pockets.
OR...Tax unearned income more while offering tax breaks for active investment in businesses and job creation.
Or hell...just bring the tax rate up on unearned income to the same level the average Joe pays on earned wages.
The wealthy can keep their money, they will just move their investments to vehicles that benefit the economy and create jobs.
As it stands we incentivize just the opposite.
The wealthy will not sit idle and pay a higher tax rate...they will move the money to vehicles that invest in businesses vs. Food and Energy futures...vs. shelters abroad.
originally posted by: thisguyrighthere
So how does taking 80% of what some rich guy has help put money in my pocket?
Is it supposed to trickle down from the government to me? My taxes will go away? My mortgage will get paid? Cars will become more affordable? Food and gas won't be going up week after week?
Connect the dots for me. Don't use hypothetical or promises of government action because those are fairy tales.
Take a dollar from a rich man and increase my quality of life. Go through it from A to B to C so I can see how this action will directly benefit me.
originally posted by: AlaskanDad
An 80% tax would slowdown the buying of our politicians, if we did not have these sellout politicians in office our government might be able to buy a new bridge or fix the highways.
How do you earn over %500,000 in a year?
You have others work to make your fortune for you! Oh sure there are a few exceptions, like Enron. sarcasm
One thing that is not being discussed enough in my opinion is a strong middle class was also good for the poor and kids as their was more day work in our neighborhoods. I'd rather see kids mowing lawns and doing odd jobs than see them sitting around or worse turning to drugs and or crime.
originally posted by: theMediator
A lot of you guys are complaining but are no where near making 500k a year...
Ok, sure 80% taxes sounds too much at first hand but let`s say I would come up with an idea like :
Taxing the rich 80%!
No no, wait wait, I would also give them conditional tax breaks.
How about if you make under 100k a year you get fined $1000 per month for not doing enough to support your country with taxes....
Fair is fair... right?
originally posted by: GiulXainx
I still don't like the progressive tax idea. It only makes things worse. I am adamant on the flat tax rate because by doing so.... it will create something new. I don't know what it will be, but money will begin to flow about the country and maybe companies can actually start paying the minimum wage instated by the US government. (I work at a rate of $5.15 an hour as a delivery driver.)
What I am saying is that this system of currency and the economics that follow it seems to be placing a price on everything. And it really boils down to supply and demand. But what we don't realize ourselves is that our quality of our SOUL, not LIFE, is diminished because of it.
When was the last time you actually helped out a friend? And I am not talking about JUST LENDING MONEY. I am talking about HELPING someone with their car troubles, their living situation, or some other various genre of help given that you didn't ask money for AT ALL?
originally posted by: beezzer
originally posted by: Xtrozero
originally posted by: beezzer
Just hush up and buy a Xbox for someone who didn't earn it!
Why do you need to bring my kids into this?
Kids???
Do they need some trophies?
We'll give them to your kids, but if they try to better than anyone else. . . . well. . . we'll have to suspend them.
Sorry!