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Eat Us And Smile
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Justice Democrats
"If the American people had ever known the truth about what we (the BCE) have done to this nation, we would be chased down in the streets and lynched." - Poppy Bush, 1992 -
Who would you consider to be rich ?? -
For purposes of this poll, anybody who makes over $250,000/year.Eat Us And Smile
Cenk For America 2024!!
Justice Democrats
"If the American people had ever known the truth about what we (the BCE) have done to this nation, we would be chased down in the streets and lynched." - Poppy Bush, 1992Comment
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That's upper middle class, not rich...Comment
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Elvis is correct on this one, FORD. $250,000 is not rich.
"Tax the rich" is one of those feel good things because people are unhappy with their own financial picture. Raising taxes on the middle class, a much larger tax base, would bring in far more revenue than taxing the rich. That's not what I recommend, however.
Taxing the rich, or rather raising the tax rates for, would not solve our deficit dilemma. Not even confiscating all their wealth would solve it. Now I don't have a problem with raising the tax rates for the wealthy ($250,000 on up, if you insist) up a bit during healthier economic times, but raising them now will hinder job creation. More jobs => more taxpayers => more revenue. Most small business owners claim business profits on their personal tax returns, which I'm assuming you know they're allowed to do. Therefore, the tax code needs to be revamped also, in many ways.“If bullshit was currency, Joe Biden would be a billionaire.” - George W. BushComment
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You guys are certainly correct to point out that 'rich' is a loaded term. Surely anyone who earns double what the average national wage is could be termed 'rich' in a statistical sense, but they'd hardly be rolling in it.
However, I fail to see how anyone earning $250,000 or more is not deemed to be incredibly wealthy. Lawyers, doctors, accountant and so on could all afford to pay much higher taxes - the question is whether you think that those who are more successful should be obligated to contribute much more - both as a sum and a percentage - than everyone else. That's a moral call.
I think what Brian is alluding to is interesting though: taxing the rich is essentially taking money that would be in the economy anyway through spending or investments. Some would argue that that can create demand in the economy.The Power Of The Riff Compels MeComment
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The top half of all wage earners in this country pay 90% of the taxes...the top 5% pay 80%. Should they continue to shoulder most of the burden? Shouldn't the middle class (say those making $40,000 and up) pay something? How can they honestly have a vested interest in this country if they pay nothing? Most people on this board, I'm willing to bet, had all their taxes refunded to them that they paid into last year.“If bullshit was currency, Joe Biden would be a billionaire.” - George W. BushComment
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That is a very different state of affairs to the UK: not in the sense that the top 5-10% pay a HUGE proportion of the tax, but that those earning anything over £7,400 (around $12-14,000) pay 22.5% of their wage in tax, plus another 11% national insurance. I agree whole heartedly that everyone should contribute to the system - not an equal proportion of their wage, but a proportion nonetheless.The Power Of The Riff Compels MeComment
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I paid 30% of my income in taxes and got no refund (nor did I owe more). I honestly think everyone's taxes should be raised (some more than others) and many programs need to have funding reduced or need to be eliminated all together. However, I believe that the national debt should be paid off completely and that budgets should be balanced, or funds should be created to help fund budgets in hard times.
I recently finished paying off all my own debts (student loans, credit cards, car payment) and it has done wonders for my own budget. I think we would benefit as a nation from following a similar plan. Yes, you have to do without a lot of things for a while, but the end result is worth it. Pay for what is important and plan for what you want.
Unfortunately I don't think the majority of the populace would hold elected officials feet to the fire; everyone wants what they want. I used to think if you assigned a dollar figure to everything and spoke in terms of how much money we had and what everything cost, it would help ... but I think anymore people don't care and think the government can just invent new money to solve the problem.
What a shame.Comment
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Most people don't pay attention...
They know this and that is how the government has overgrown to gargantuan proportions...
Why do you think anyone should pay more ??
How 'bout the government spend LESS!!!
No more nation building...
Reduce military spending...
Cuts can be made but both the retardicans and the dumbocrats refuse to be serious about it...
They know they have the populace locked in the left right game and they have the majority by the balls...
FUCK more taxes...FOR ANYONE!!!
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Give me a fucking break. You can't even live a decent middle class lifestyle in Seattle unless you make over $100,000 a year. Rich to me is Bill Gates or Warren Buffet who admits it's obscene how little tax he pays.
Ford if you want your micro brews to disappear go ahead with your tax the shit out of the successful program. The guy who makes over $250,000 a year started the brewery, made it a success and now due to the costs of Obamacare and more taxes, shuts down the business and fires the staff. Of course some big corporation will be the benefactor. The micro brews will be gone, the farmer's markets or organic food marts will be gone. They will be taxed to obvlivion while the corporations who pay no tax will mop what little is left up.
Don't fall for this class warfare scam because the corporations are behind it. They are going to use the poor economy to fan the flames because it's the only play Obama has left in his complete failure of a presidency.No! You can't have the keys to the wine cellar!Comment
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People are pretty pathetic actually. Things are good if they get a paycheck or welfare check and it's the end of the world if they don't. It's pretty much that simple. People really aren't that sophisticated and pretty easy to manipulate if you control the purse strings.Most people don't pay attention...
They know this and that is how the government has overgrown to gargantuan proportions...
Why do you think anyone should pay more ??
How 'bout the government spend LESS!!!
No more nation building...
Reduce military spending...
Cuts can be made but both the retardicans and the dumbocrats refuse to be serious about it...
They know they have the populace locked in the left right game and they have the majority by the balls...
FUCK more taxes...FOR ANYONE!!!
Most of these Republican or Democrat political shills are someone's bought off pet. I don't see any real leadership. I just see paid actors or con artists who latched up to the gravy train.Last edited by Nitro Express; 04-21-2011, 01:59 PM.No! You can't have the keys to the wine cellar!Comment
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Eliminate the tax loopholes, tax havens and deductions. Make the tax a flat percentage, e.g. Everybody pays 25%. Temporarily increase federal gas tax to help reduce deficit.Comment
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