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Originally posted by PaperbackWriter
If I hear this stupid straw man argument one more time, I think I'm gonna scream, too.
"Raising taxes on the rich or wealthy will not solve the deficit."
I've heard this a hundred times already.
I never hear anybody say in response, well raising taxes on the middle class and poor people
won't solve it either.
Apparently people do not understand the premise of confiscatory tax rates.
It's not that the corporations and wealthy will actually end up paying them.
The point was that it was realized in the robber baron days that the wealthy and the large
corporations chose not to SHARE the income with their employees and those who helped
actually make the products or service.
So the federal government decided that they had to build in an incentive.
If they kept the profits for themselves then they would face confiscatory tax rates.
It was thought that rather than pay the excess profits in taxes that they would spend the
money on wages first thus lowering the profit to be subject to far lower income brackets.
That's it.
Pay it to the government or pay it to your workers, your choice.
Because this has not been the policy in decades is why you find the Waltons sitting with a combination
of a hundred billion dollar fortunes on the Forbes list, while their employees are threatening walkouts.
It's amazing we are back to the robber baron days and almost nobody noticed.
If we had this equity of income to LEGITIMATE citizens and not illegals, another trick to keep the wealth in the hands of the few, then we would have way less expenses in Welfare and Food Stamps and foreclosed housing.
Originally posted by PaperbackWriter
If I hear this stupid straw man argument one more time, I think I'm gonna scream, too.
"Raising taxes on the rich or wealthy will not solve the deficit."
I've heard this a hundred times already.
I never hear anybody say in response, well raising taxes on the middle class and poor people
won't solve it either.
Apparently people do not understand the premise of confiscatory tax rates.
It's not that the corporations and wealthy will actually end up paying them.
The point was that it was realized in the robber baron days that the wealthy and the large
corporations chose not to SHARE the income with their employees and those who helped
actually make the products or service.
So the federal government decided that they had to build in an incentive.
If they kept the profits for themselves then they would face confiscatory tax rates.
It was thought that rather than pay the excess profits in taxes that they would spend the
money on wages first thus lowering the profit to be subject to far lower income brackets.
That's it.
Pay it to the government or pay it to your workers, your choice.
Because this has not been the policy in decades is why you find the Waltons sitting with a combination
of a hundred billion dollar fortunes on the Forbes list, while their employees are threatening walkouts.
It's amazing we are back to the robber baron days and almost nobody noticed.
If we had this equity of income to LEGITIMATE citizens and not illegals, another trick to keep the wealth in the hands of the few, then we would have way less expenses in Welfare and Food Stamps and foreclosed housing.
Originally posted by kozmo
Agreed! This "Fiscal cliff" nonsense ranks right up there with the "Terrorist threat" nonsense.
We really need for the majority of people to yank their heads out of their asses before we are going to make ANY progress.
Originally posted by Thepump
Originally posted by PaperbackWriter
If I hear this stupid straw man argument one more time, I think I'm gonna scream, too.
"Raising taxes on the rich or wealthy will not solve the deficit."
I've heard this a hundred times already.
I never hear anybody say in response, well raising taxes on the middle class and poor people
won't solve it either.
Apparently people do not understand the premise of confiscatory tax rates.
It's not that the corporations and wealthy will actually end up paying them.
The point was that it was realized in the robber baron days that the wealthy and the large
corporations chose not to SHARE the income with their employees and those who helped
actually make the products or service.
So the federal government decided that they had to build in an incentive.
If they kept the profits for themselves then they would face confiscatory tax rates.
It was thought that rather than pay the excess profits in taxes that they would spend the
money on wages first thus lowering the profit to be subject to far lower income brackets.
That's it.
Pay it to the government or pay it to your workers, your choice.
Because this has not been the policy in decades is why you find the Waltons sitting with a combination
of a hundred billion dollar fortunes on the Forbes list, while their employees are threatening walkouts.
It's amazing we are back to the robber baron days and almost nobody noticed.
If we had this equity of income to LEGITIMATE citizens and not illegals, another trick to keep the wealth in the hands of the few, then we would have way less expenses in Welfare and Food Stamps and foreclosed housing.
In the 50's and 60's we had a stronger middle class and virtually no
Deficit. This country started to slip when the supply siders took control
And started making the exact argument you are. What has prevented
Your model from working in the last thirty years pray tell?
Originally posted by beezzer
reply to post by CALGARIAN
I say let the dems own it. Let them install all the rules and taxes they want.
Then we'll see.
Originally posted by Indigo5
Originally posted by beezzer
reply to post by CALGARIAN
I say let the dems own it. Let them install all the rules and taxes they want.
Then we'll see.
We agree there...but honestly Beez...the Dems do best when they have a sane and rational GOP to let them know when they have jumped the shark...that is what I miss most...the conservatives of old....the ones that served as a rational check to the opposition. Those conservatives have been dragged from the village and burnt at the stake as "RINOs"...Canibals run the village now. It hurts everyone....Dems and Republicans, but mostly the everyday Americans.
If I hear this stupid straw man argument one more time, I think I'm gonna scream, too. "Raising taxes on the rich or wealthy will not solve the deficit." I've heard this a hundred times already.
Originally posted by Thepump
The money in your pocket is tied to the fiscal cliff "nonsense"
Stuffing your money up your ass won't ensure that it's current
value is maintained.
You wanna lose your wealth in an instant?
Give it to me, I'll handle it for you