Economists Say We Should Tax The Rich At 90 Percent

a reply to: FlyersFan

Problem is most the big banks got there wealth from theft off the tax payer in the first place.

If the goverment had forced them to comply to the law and treated them just like any other buisness in 2007 there may not be a witch hunt for the rich now.

Im not in favour of a 90% tax but i think the super rich have dug there own grave here. Sorry but 90% of those with wealth over $10 million mark are not hard working succefull people that should be worshiped and respected as betters but a neo astristocracy that has inherited wealth or stolen it through corrupt politics and/or war profitering.

If SHTF and the big citys traders and bankers are dragged out into the street and shot I for one wont even shed a tear let alone lift a finger to help as they brought it upon themselfs, not by being rich but by being corrupt and stealing off of me!


Equal application of laws is all we need not higher taxes!

a reply to: FlyersFan

I see, leave the money in the hands of the rich, to insure it trickles down to the corrupt politicians of their choice.


Good plan!

I'd say 60-70% for sure but 90% May be too much.
The super rich don't even pay their taxes anyway so it doesn't matter what the rate is

www.abovetopsecret.com...

A flat tax is a joke - the more you earn, the more you pay. It's very simple.
Its how most other countries work and do things.

a reply to: FlyersFan

A flat tax would collapse our system, there wouldn't be enough to fund the military industrial complex or the prison/police state complex, nor fund walmart (food stamps).

Ok I'm game!

originally posted by: FlyersFan

The following is my opinion as a member participating in this discussion.

originally posted by: AlaskanDad
I see, leave the money in the hands of the rich, to insure it trickles down to the corrupt politicians of their choice.

No you don't see. I said NOTHING about economics or trickle down. I stated very clearly that taking that which doesn't belong to you, or that others have earned, simply because they have more than you do is THEFT. That's exactly what it is. We don't have a right to steal from others and taxing people at 90% would be us stealing. The only fair tax is a flat tax. No one gets penalized or rewarded for what they earn.

As an ATS Staff Member, I will not moderate in threads such as this where I have participated as a member.

But if my tax money was used to bail banks out and keep all the CEO in there wealth that is THEFT from me and i am entitled to that money back?

Or does theft from poor to the rich not count?

Surely those banks and CEO who were proven to be linked to the 2007 should be made bankrupt and there asets seized topay for the debt they created? And the bankers charged with finicial recklessnes .The same as if I run my buisness into the ground? As that is what would hapoen to me as a small buissnes.

You say those in the 99% should be responsible for failures and bad life choices well should not those in the 1% be help accountable too and not het free tickets?

a reply to: FlyersFan

No you don't get it, a ten percent flat tax would do more harm to the poor than the rich. If taking a 90% tax is theft, is not taking any taxes theft?


The rich are trickling their money down to the politicians they own (whether you wish to discuss it or not) and by doing so they are controlling our government and the corrupt state our government is in today is due to this!

originally posted by: AlaskanDad

originally posted by: Iamschist
a reply to: AlaskanDad

It is my opinion that taxing the rich 90% is wrong. I believe in tax equality.

Do you vote for your opinions and beliefs, or do you research and look for facts to guide your decisions?

I ask you is it fair that some people eat meals that are so expensive others could eat for months on the cost of that one meal?

Do you believe it's fair that the rich own homes that could be a resort to be enjoyed by many.

Fair and beliefs, really now!

Next you will say you believe the one percenters have earned their money! lol's

Rather than being torn up and decimated by envy and jealousy about what someone else is eating or where they live, why not concentrate on your own efforts?
Life isn't fair. My parents explained this to me the first time I complained because I wasn't tall enough to reach something I wanted from a top shelf. Some people are taller than me. Some people are better looking than me. Some people are smarter than me. Some people have more money than me. I could have spent my entire life whining and complaining and trying to get government to do something about all that "unfairness" but then I would never have gotten any taller, smarter, richer or better looking.
I have a dear friend who is paid about a million dollars a month for doing a silly TV show. He never even finished college...I could be very envious of him...because it's not fair that he's rolling in dough simply because he has a nice looking face and a glib manner. But he had a dream and took the risks involved in following and realizing the dream. I don't feel that it is moral or ethical to penalize him because someone feels his worth is more than mine and is willing to pay him millions for his work. He is in no way preventing me from doing the same thing....or you.... so why should he have to pay government 90% of his income while I'm getting by giving them only 30%???? How in heaven's name is THAT "fair"?
You do realize that a goodly portion of the world's population could eat for weeks on just what many of us spend on e-gadgets and cable TV and phone plans? See how silly that is....Maybe you shouldn't have a car, computer, smart phone or TV until the entire world can eat and sleep comfortably???

In my opinion, it's not about taxing more, as it should be about spending less.

More taxes does not = a better society

a reply to: AlaskanDad

Not only is this fair and correct for the Amercian economy it is a global rule and should be adhered to by all nation's.

However large employers who keep there money in the nation that is taxing them should be granted generouse personal concessions and those concession's should also go to all large employers who employ citizens of the participating nation, enforced with a minimum wage that should be 20 percent above the real living wage and all earning below the living wage should be tax exempt for part time workers etc.

You want to funnel as much of there earning's into the economy but also to keep the government wealthy so that the nation can be kept at pre-eminance on the international stage as strong representation reassures potential foreign investor's which bring's me to foreign investment, there should be generous long term concessions for foreigner's wishing to migrate into the country with very large amount's of money as they add to the nation's net wealth and foreign investment is the very last thing you ever want to lose in the private sector, the public sector is however a totally different matter.

All concessions except the employment one's should not be permanent however but abuse of the sytem should be prevented by a system of heavy fine's for such abuser's.

originally posted by: diggindirt

You do realize that a goodly portion of the world's population could eat for weeks on just what many of us spend on e-gadgets and cable TV and phone plans? See how silly that is....Maybe you shouldn't have a car, computer, smart phone or TV until the entire world can eat and sleep comfortably???

That has to be one of the most sensible things ever said!

We all know of things that are wrong with our world, yet so many are afraid to even dream of a change.

Why are you afraid of taxing the rich, do you feel that that it would hurt them?

I know they would not go homeless, nor would they go hungry.

I think the rich need to be responsible, not punished.

a reply to: LDragonFire

LMAO, I'm not going to be able to inform you on anything with your partisian hack attitude.

You "take from someone else" minded people are killing our Country!

Congrats...

originally posted by: FlyersFan

The following is my opinion as a member participating in this discussion.

originally posted by: AlaskanDad
I see, leave the money in the hands of the rich, to insure it trickles down to the corrupt politicians of their choice.

No you don't see. I said NOTHING about economics or trickle down. I stated very clearly that taking that which doesn't belong to you, or that others have earned, simply because they have more than you do is THEFT. That's exactly what it is. We don't have a right to steal from others and taxing people at 90% would be us stealing. The only fair tax is a flat tax. No one gets penalized or rewarded for what they earn.

As an ATS Staff Member, I will not moderate in threads such as this where I have participated as a member.

If that’s the case then why pay taxes at all.

Any tax then is theft, an extreme view that has landed many in Federal prison and will lead to anarchy if followed.

You care so much for the taxes that rich people pay.
I wonder why

Do you lose sleep over that?

How do you think people feel who don’t believe in aggressive wars like Bush’s Iraq war. Our money in taxes confiscated by the government did that

Does that ever bother you?

I doubt it

It's only when the subject of rich people paying more do people like you seem to care.

Strange mentality

So somebody making 500k a year taxed at 90% leaves 50k.
And somebody making 100k a year taxed at the current 35% leaves 65k
That doesn't sound very fair to me.
Does this tax system work on a gradual scale?

originally posted by: Hoosierdaddy71
So somebody making 500k a year taxed at 90% leaves 50k.
And somebody making 100k a year taxed at the current 35% leaves 65k
That doesn't sound very fair to me.
Does this tax system work on a gradual scale?

FTA:

A 90 percent top marginal tax rate doesn’t mean that if you make $450,000, you are going to pay $405,000 in federal income taxes. Americans have a well-documented trouble understanding the notion of marginal tax rates. The marginal tax rate is the amount you pay on your income above a certain amount. Right now, you pay the top marginal tax rate on every dollar you earn over $406,750. So if you make $450,000, you only pay the top rate on your final $43,250 in income.

originally posted by: AlaskanDad

originally posted by: diggindirt

You do realize that a goodly portion of the world's population could eat for weeks on just what many of us spend on e-gadgets and cable TV and phone plans? See how silly that is....Maybe you shouldn't have a car, computer, smart phone or TV until the entire world can eat and sleep comfortably???

That has to be one of the most sensible things ever said!

We all know of things that are wrong with our world, yet so many are afraid to even dream of a change.

Why are you afraid of taxing the rich, do you feel that that it would hurt them?

I know they would not go homeless, nor would they go hungry.

I think the rich need to be responsible, not punished.

But who gets to define "responsible" in this situation? And who gets to define "rich"? I have friends living in Jamaica who honestly believe I'm one of the "rich" because I could afford to stay there a couple of weeks beyond the time my employment ended....drinking rum drinks on the beach. I have friends in the US who pity me as "poor" because I don't have the latest e-gadgets or cable TV or a new car.
Am I being irresponsible because I happen to have a house that has two bedrooms and a bathroom that are mostly empty these days? After all, there are people here in my county who sleep in their cars or at the coin laundry! Am I "responsible" for them?
Geeze, if the high priests and church people can get by on 10% why can't government?

originally posted by: diggindirt

But who gets to define "responsible" in this situation? And who gets to define "rich"? I have friends living in Jamaica who honestly believe I'm one of the "rich" because I could afford to stay there a couple of weeks beyond the time my employment ended....drinking rum drinks on the beach. I have friends in the US who pity me as "poor" because I don't have the latest e-gadgets or cable TV or a new car.
Am I being irresponsible because I happen to have a house that has two bedrooms and a bathroom that are mostly empty these days? After all, there are people here in my county who sleep in their cars or at the coin laundry! Am I "responsible" for them?
Geeze, if the high priests and church people can get by on 10% why can't government?

I ask are the rich being held responsible today? Texas rich kid who killed 4 in drunken car crash spared jail

Banks that are to big to jail - is that the rich being held responsible?

And who gets to define "rich"?

Right now, you pay the top marginal tax rate on every dollar you earn over $406,750. Though I have read they would raise that minimum to one million dollars if they go the 90% tax.

Geeze, if the high priests and church people can get by on 10% why can't government?

Priests and churchs don't build strong nations, nor the maintain infrastructure to keep such nations working.

edit on 23-11-2014 by AlaskanDad because: added bank link