If we taxed the rich more, how would it affect job creation?

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SammyJr

Golden Member
Feb 27, 2008
1,708
0
0
Originally posted by: Extelleron

So what is "their fair share". The rich already pay the majority of taxes in this country. They are a small minority but pay around half the total tax revenues. People making over $250k are already paying 35% of that income to the government. Meanwhile, the poor are making far less money and only paying 10-20% of it as tax revenues. So the rich pay more (because they make more) and even more (because they are taxed at a higher percent). They already pay more than their fair share. Remember that the rich don't benefit/need a lot of government services that they are paying for. The rich probably use government services the least yet they pay the most by far. The "fair share" argument doesn't make any sense. If anything you should say that the poor/middle class need to "pay their share."

NO THEY'RE NOT!

Google "marginal tax rates". Here's the first result: http://www.econlib.org/library.../MarginalTaxRates.html

Someone making $250k/year is not paying 35% of their income in taxes. They're paying far less. Someone making 7 or 8 figures isn't paying 35% either. They're paying the 15% long term capital gains rate on most of their income.

And the rich do benefit largely from Government services. You think their employees were educated for free? You think that the clean food they and their employees eat is clean by virtue of honesty? You think the roads that they and their employees drive on are free? You think that the product their companies deliver on Government roads is free? You think the courts that defend their intellectual property are free? You think the EPA that defends their pristine ocean front properties from other rich guys looking to dump waste is free? You think police and military security is free? You think an SEC that monitors companies to help rich guys maintain their stock assets is free? You think that Government contracts to the rich guy's companies are free? The rich benefit far more from society, far more than any food stamp leech and as such, should pay a lot more for it.
 

themusgrat

Golden Member
Nov 2, 2005
1,408
0
0
Alot of you guys are being completely retarded. Raising taxes, however much you might want to believe otherwise, does not create jobs, in general. The wealthy already provide tons of jobs, so raising taxes on them means they have less, and anytime an employer finds himself with less money, what do you think he does? He sure doesn't hire more people, that's for fucking sure. I know I'm taking this and oversimplifying it, but maybe it will put it in perspective. Also you're completely kidding yourself if you think that taking more money from the rich equates to the middle/lower classes ever seeing much of it. To be honest, there's really no problem with jobs right now. If you want a job in America, you can find one. Times really aren't that tight, I mean sure all the rich people just lost tons of money in stocks and such, but for most of us, life goes on as before. I mean do you just hate rich people or something? Especially you craig, you keep acting like rich people are a slight against America, and what was all that about rich people being unpatriotic for leaving if they were getting taxed 75%? People want to better themselves, work hard, and get rewarded for it. In our world, that means getting rich, lots of people want that. And if the government steps in the way and starts taking more from you the better you do, well that's just plain intrusive and meanspirited. At least to a point. <insert random comment about socialism>

That's not to say that raising taxes is bad; there's always going to be a reason to raise taxes. So why don't you find one of those reasons without trying to tell people that more taxes=more jobs haha. Anyways, it's been hashed over millions of times. The rich already pay disproportionately for what they get back from the government. The whole point of having a competitive economy is for, well, competition. You can't have much competition if you're going to penalize the people who win, you know? There's really not any strong argument for taxing the rich more that stands under economic and moral scrutiny.
 

Phokus

Lifer
Nov 20, 1999
22,995
776
126
To be honest, there's really no problem with jobs right now. If you want a job in America, you can find one. Times really aren't that tight

Uhhhh.... ok
 

themusgrat

Golden Member
Nov 2, 2005
1,408
0
0
Originally posted by: Phokus
To be honest, there's really no problem with jobs right now. If you want a job in America, you can find one. Times really aren't that tight

Uhhhh.... ok

What, do you have a problem working at mcdonald's? Or mowing lawns, or crunching numbers at a desk? I guess you're just too good for that aren't you.
 

ProfJohn

Lifer
Jul 28, 2006
18,251
8
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Originally posted by: JKing106
2009 Income Tax Rates

0 - 8350 = 0%
8350 - 33950 - 15%
33950 - 82250 - 25%
82250 - 171550 - 28%
171550 - 373950 - 33%
373950 - cap - 35%

Nobody making $100k is taxed 70%, and never will be. If the pre 1980 income tax bracket was reinvoked, you would have to make $3 million a year to be taxed 70%. Are you seriously going to tell me you can't make it on $1.2 million a year? $100k a year is fucking fortune, and will be a little more than $70k after taxes. Boo fucking hoo. Don't buy shit you don't need, and you can live like a king on that kind of money.

Where's all the outrage over corporate welfare? The subsidies cheaters? It's always about the negros and wetbacks, isn't it? Probably because you don't want to piss off the people you're hoping to get some crumbs from.

"Can I get some crumbs offa yo table, massa? My wife needs a new BMDubya!"
Say what??

1. 100k is NOT a fortune, especially if you have kids.

2. There are TONS of families with combined incomes of over 100k.

3. Who the fuck are you to tell people that they make too much money and that they should stop crying about it? Tell the poor people to get off their lazy asses and work more. Tell the poor people that they aren't getting anymore free cell phones and free healthcare and free food and free childcare etc etc.

BTW come back when you move out of mom and dads house and get a job and tell us if you think you are paying too much or too little in taxes.
 

SammyJr

Golden Member
Feb 27, 2008
1,708
0
0
Originally posted by: ProfJohn
BTW come back when you move out of mom and dads house and get a job and tell us if you think you are paying too much or too little in taxes.

I am paying far too much in taxes for what I get. Cut the wars and military waste. Add in Universal Health Care. Then, I'll feel really good about the taxes I pay.
 

ProfJohn

Lifer
Jul 28, 2006
18,251
8
0
Originally posted by: JKing106
Not resentful of the rich at all. I don't wan't their money. I don't covet what they have. I'm satisfied with what I already have. I do, however, want them stopped from buying politcians to keep shifting more and more of the tax burden onto the lower and middle classes. And before someone says they pay more, because they have more money, I say bullshit. More than half the population makes less that $50k a year. There's much more of us paying taxes than there are of them.
Dude you are clueless.

40% of Americans pay NO income tax at all!!! Nothing!! Nada! Zip! Zero!
And many of those people actually get checks from the government.

In 2003 the bottom of half of income earners paid 3.46% of all federal income taxes.

The top 1% paid 34.27% of federal income taxes.

And the amount being paid by the top continues to rise and has done so for 20+ years now.
 

EXman

Lifer
Jul 12, 2001
20,079
15
81
Originally posted by: blackangst1
Originally posted by: Extelleron
Originally posted by: techs
Originally posted by: b2386
Originally posted by: techs
If the super rich want to leave because we raise taxes, I say let the traitors leave.
We should drop them off, with all their money in cash, in Somalia.
Or lets send them to Russia. Putin will have them in jail in a hot minute.
Or I guess they can go to the those Reagan economic republics of Ireland and Iceland. Where the economic collapse could bankrupt them.

Or better yet, just take back from them the money they made because they lived in the US.
Bill Gates would still be a pauper and never had created Microsoft if he lived in any other country on earth.
So let Bill go anywhere he wants. He can take 50 grand with him.
If he is such a great entrepenuer and job creator lets see how he does in Botwsana.

Wow, that sort of thinking is about as un-American as you can get. I am new to this part of the forum so pardon me for asking, but are you being serious?
Un American? You mean people who make alot of money in this country and then threaten to leave because their asked to pay their fair share are patriots?
There freakin leaches who we should all spit on as traitors.
And if you agree with them than you should go somewhere you'll fit in, like China or Russia.

So what is "their fair share". The rich already pay the majority of taxes in this country. They are a small minority but pay around half the total tax revenues. People making over $250k are already paying 35% of that income to the government. Meanwhile, the poor are making far less money and only paying 10-20% of it as tax revenues. So the rich pay more (because they make more) and even more (because they are taxed at a higher percent). They already pay more than their fair share. Remember that the rich don't benefit/need a lot of government services that they are paying for. The rich probably use government services the least yet they pay the most by far. The "fair share" argument doesn't make any sense. If anything you should say that the poor/middle class need to "pay their share."

The typical argument, in simple terms, is that even if they were taxed at 50%, they would still be rich, so they should be grateful that a country allowed them to get that way. Proponents of "tax the shit out of the rich" dont think that 1. paying a higher percentage of taxes is fair enough, 2. paying the lion's share of taxes for the country as a whole is fair, and 3. a group who uses the most amount of government resources themselves pays virtually nothing for them...is fair. Its mind boggling, but they think that way. It really comes down to the idea of wealth redistribution, which is loosely based on socialism, meaning everyone as equally as possible shares the benefits of the country as a whole without regard of effort or luck.

We already do wealth redistribution. EIC and anyone making what is it about 42k and below with kids are not paying taxes to the federal goveernment at all. If fact years and years ago when we first started having kids 2000-2002 we actually recieved a check for thousands of dollars. It helped us out but wow were were amazed how much it is. In the grand scheme of things it was a very small part of our success. We worked hard and now make much more. We don't get that almost 5k check anymore and tax time is not nearly as fun as it was. That can be addicting. I could see people trying to cap their earnings to try and reap the benefits. I don't understand that mindset but if the government wants to give them almost 5k a year all at once...

Anyone remember what happened to the citizens in the town in the original sim city when you raised the tax too high?
 

blackangst1

Lifer
Feb 23, 2005
22,914
2,359
126
Originally posted by: SammyJr
Originally posted by: Extelleron

So what is "their fair share". The rich already pay the majority of taxes in this country. They are a small minority but pay around half the total tax revenues. People making over $250k are already paying 35% of that income to the government. Meanwhile, the poor are making far less money and only paying 10-20% of it as tax revenues. So the rich pay more (because they make more) and even more (because they are taxed at a higher percent). They already pay more than their fair share. Remember that the rich don't benefit/need a lot of government services that they are paying for. The rich probably use government services the least yet they pay the most by far. The "fair share" argument doesn't make any sense. If anything you should say that the poor/middle class need to "pay their share."

NO THEY'RE NOT!

Google "marginal tax rates". Here's the first result: http://www.econlib.org/library.../MarginalTaxRates.html

Someone making $250k/year is not paying 35% of their income in taxes. They're paying far less. Someone making 7 or 8 figures isn't paying 35% either. They're paying the 15% long term capital gains rate on most of their income.

So youre proposing the majority of 6 and 7 figure income earners are earning via capital gains? Got any data to back that up?

Originally posted by: SammyJr
And the rich do benefit largely from Government services. You think their employees were educated for free? You think that the clean food they and their employees eat is clean by virtue of honesty? You think the roads that they and their employees drive on are free? You think that the product their companies deliver on Government roads is free? You think the courts that defend their intellectual property are free? You think the EPA that defends their pristine ocean front properties from other rich guys looking to dump waste is free? You think police and military security is free? You think an SEC that monitors companies to help rich guys maintain their stock assets is free? You think that Government contracts to the rich guy's companies are free? The rich benefit far more from society, far more than any food stamp leech and as such, should pay a lot more for it.

Are you fucking kidding me? Youre proposing they pay more because they simply live in a land of laws? For the "privilege" of having a constitution? lol
 

blackangst1

Lifer
Feb 23, 2005
22,914
2,359
126
Originally posted by: SammyJr
Originally posted by: ProfJohn
BTW come back when you move out of mom and dads house and get a job and tell us if you think you are paying too much or too little in taxes.

I am paying far too much in taxes for what I get. Cut the wars and military waste. Add in Universal Health Care. Then, I'll feel really good about the taxes I pay.

Youre kidding right? You think that the clean food you eat is clean by virtue of honesty? You think the roads that you drive on are free? You think that the products companies deliver to the store you buy on Government roads is free? You think the courts that defend your right to bear arms and keep you safe from unwarranted search and seizure is free? You think the EPA that defends their pristine ocean front you visit on vacation is free? You think police and military security is free? You think the clean water out of your tap is there because the water company likes you?

WTF is wrong with you?
 

SammyJr

Golden Member
Feb 27, 2008
1,708
0
0
Originally posted by: ProfJohn
And the amount being paid by the top continues to rise and has done so for 20+ years now.

And their share of the wealth of the nation continues to rise as well. Its not as though the middle and upper middle classes have grown.
 

Craig234

Lifer
May 1, 2006
38,548
349
126
Originally posted by: teclis1023
I'm not sure why you keep responding to me as if I wrote the post

I'm not (now), I'm speaking to you for your comments and as a defender of the post.

but I'm still unconvinced that it's a political propaganda analogy. There's no doubt that comparing rent and tax will result in a large remainder, but in that case, we'd never be able to use analogies in any situation, for fear of discrepancies.

I'm sorry I'm not finding a gentler way to say this, but apparently I need to do a little lesson on analogies. There are good analogies and bad analogies.

(First, I use the word loosely, without distinguishing it from ''simile', etc.)

Let's say I made an analogy between Vietnam and Iraq - comparing things they have in common, such as being 'voluntary' wars, with pretenses arguably being created to justify them, a significant and increasing level of public opposition, etc. That could be called a 'good' analogy done that way.

On the other hand, if I compared, say, world war 2 with the war on drgus, and said that because we massively mobilized the nation around WWII and chose to send many tens of thousands of Americans to be killed, we should use the same tactics in the war on drugs, that might be called a 'bad' analogy, because it massively overextends the fact they both have 'war' in the title - and ignores the huge differences in the nature of the issues, what tactics work, the differences in the need for various types of violence, etc.

Now, when I criticize the analogy for being 'bad' for reasons like the latter example above, you say:

"we'd never be able to use analogies in any situation, for fear of discrepancies".

Incorrect. There are bad analogies between Vietnam and the Iraq war, if you choose the wrong areas. Analogies can be 'good' by sticking to the right area to compare, rather than venturing into the inappropriate areas where they analogy 'doesn't hold up'. If I based the analogy on 'the morale issues among the soldiers who didn't want to be there', there might be some truth, but I'd be ignoring the difference between the draft in Vietnam and the all-vounteer force in Iraq, which might make the analogy invalid.

The fact that the 'bad' analogy could be made doesn't mean you can't make a good analogy. Whether it's 'good' or 'bad' is for debate.

But perhaps you should re-read what I've actually posted. I think that taxing a specific class of people at such a high rate is unjust and immoral. It's not because I foster any great love for the ultra-rich, but that doesn't mean it's fair to unload an entire nation's burden onto them simply because they have full pocket books.

You sound 'more reasonable' than most arguing that side of the issue, but your argument IMO is based on a straw man that that's what the liberal position is. It's not.

Again, sorry not to say this more gently, but I think it's ignroance on your part that leads you to invent the obvious 'motive' for the liberal policy, since you don't understand the real basis for the position - and the invented motive just happens to be a weak one, as we see constantly in arguments from ill-informed Republicans about 'jealousy', as they have to make crap up to replace the things they are ignorant about.

Other than that, you don't sound unreasonable, and we're closer on the policy that most on 'your side'.

I think we absolutely do need to balance the tax system, create stronger social programs and find a way to minimize socio-economic inequity, but that doesn't mean we should take the short-cut of simply unloading it onto one class of people.

That sounds reasonable; but again, missing in your comments is the history of how the wealthy have swung the pendulum far in their direction; and any fact-based argument about 'what tax distribution increases productivity well' We have wealth concentration increasing the last 25 years at about the highestrates in our history - and you pick now to worry about the rich getting the short end of the stick, when their incomes increase several hundred percent while most get zero, after inflation.
 

ProfJohn

Lifer
Jul 28, 2006
18,251
8
0
Originally posted by: Craig234
At the University of Alabama's Legion Field, there's a long, rich tradition of victory. At the stadium, legendary football coach Bear Bryant and his Crimson Tide posted on of the most successful records in sports history. Now the stadium is the site for yet another Alabama trophy: A huge, $75,000 Mercedes-Benz hood ornament perched atop the scoreboard. While intended to celebrate the German car company's recent decision to locate a $300 million manufacturing plant near Tuscaloosa, it has instead before symbol of how much, in money and self-respect, the state had to give up to win the high-stakes bidding war for the plant.

Not only did Alabama pony up a package of special tax breaks and other goodies for Mercedes valued at roughly $250 million, but it also agreed to buy more than 2,500 of the company's cars for state use. As the details of the deal have leaked out since its announcements last September, citizens have expressed second thoughts about it. "There are a lot of people in Alabama who think we gave the farm away," says state legislator Johnny Cagle. Among state residents, says Auburn University professor Wayne Flynt, reaction to the Mercedes deal has "gone from euphoria to fright."
Where is the link to this article??

This plant was built 10 years ago. The current plant is 3 times the size of the original one.

It provides 3,782 jobs.

And Benz just announced a $290 million expansion of the plant.

BTW those 3782 jobs probably pump $150 million a year into the local economy.

According the their web site the plant pumps about $1.5 billion into the local economy PER YEAR!!!

I would guess that Alabama made a smart moving in giving Benz all those incentives.
 

ProfJohn

Lifer
Jul 28, 2006
18,251
8
0
Originally posted by: SammyJr
Originally posted by: ProfJohn
BTW come back when you move out of mom and dads house and get a job and tell us if you think you are paying too much or too little in taxes.

I am paying far too much in taxes for what I get. Cut the wars and military waste. Add in Universal Health Care. Then, I'll feel really good about the taxes I pay.
Do the math.

The entire DoD budget including the wars is about $600 billion.

The cost of Universal Healthcare would be about $2.5 trillion, assume that we see NO cost increase when we tell everyone they can go to the doctors as much as they want and for whatever they want and it will be 'free'

Currently the government pays about $1 trillion a year on medical expenses, about half of all healthcare spending comes from the Feds.

Therefore if we completely eliminated the defense budget and instituted UHC we would still find ourselves needing another $900 billion in additional tax revenue.

We would see the Federal budget go from $3 trillion a year to $4 trillion a year. This would require massive tax increases on all Americans.
 

teclis1023

Golden Member
Jan 19, 2007
1,452
0
71
Originally posted by: blackangst1
Are you fucking kidding me? Youre proposing they pay more because they simply live in a land of laws? For the "privilege" of having a constitution? lol

That really does seem to be what a lot of people are suggesting; that for some reason, it's okay to single out a specific group of people and punish them for their wealth. I won't pretend to know whether 'rich people' earned their money or not. There are probably plenty of wealthy individuals who haven't worked very hard, and plenty that have. Just as there are plenty of middle class and poor people who work extremely hard and gain little.

I hate that people continue to revert into the mindset that "rich people are bastards who don't deserve their money" or that "poor people are lazy and don't deserve services". We can find a proper median that doesn't involve poor people starving to death and doesn't involve taxing the living bajesus out of rich people.

We live in a country bound by the rules of a constitution and the ideology of the declaration of independence. For better or for worse, Americans are all in the same boat, and it strikes me that we need to figure out a manner in which we can guarantee the health, well-being and education of every American citizen with legal status. That's a realistic goal that we should all get behind and work toward.

But that doesn't mean that we simply demonize the wealthy and tax them out of their money. Whether they worked hard or not, it is their money, and finding tax loopholes to take it away goes against the slogan "No taxation without representation," and also seems a lot like stealing to me.

I would argue that there are plenty of industries in which we, as Americans, can expand into in order to (A) drive the economy upward, (B) create massive amounts of long-term job fixtures, (C) create enticing investment opportunities, (D) remove ourselves from foreign oil and energy dependency and (E) help fight against climate change.

I propose that those market sectors include fully transitioning over to electric cars, working on sustainable-resource energy sources, establishing competing next-generation transportation services (local and interstate), developing water recycling and de-salination processes, etc.

True expansion into these markets would allow us to organically reduce the debt by actually creating jobs and actually creating extra revenue. But we also need to trim the fat in a lot of places, and re-assess what spending is necessary. I understand America's need for a highly alert and kick-ass military, but much of our resources are built around a type of warfare that doesn't exist. How can we optimize our military to be ready for the 21st century AND consume fewer resources?

Etc., etc.
 

ProfJohn

Lifer
Jul 28, 2006
18,251
8
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Originally posted by: SammyJr
Originally posted by: ProfJohn
And the amount being paid by the top continues to rise and has done so for 20+ years now.
And their share of the wealth of the nation continues to rise as well. Its not as though the middle and upper middle classes have grown.
Wealth and income are VERY different and the concepts aren't interchangeable.

You can earn a lot of wealth without ever having a large income.

There are hundreds of Microsoft millionaires who are 'rich' because they bought shares of Microsoft when it was first starting off and kept them all these years. Some of these people are now making tons of money because they have advanced with the company over the years, but others are just common secretaries who still earn 30-40k a year.
 

teclis1023

Golden Member
Jan 19, 2007
1,452
0
71
Originally posted by: Craig234
I'm sorry I'm not finding a gentler way to say this, but apparently I need to do a little lesson on analogies. There are good analogies and bad analogies.

(First, I use the word loosely, without distinguishing it from ''simile', etc.)

Craig, I appreciate your position, but when you lapse into a condescending tone, it makes it hard to respond to your argument and not to your tone. I'm perfectly aware of what analogies are (as well as similes), and I'm not in need of your lessons. Unless you're a professor in (A) Comparative Literature or (B) Political Science / International Affairs, the chance is that we're on the same level when it comes to understanding and education regarding policy/sciences po.

You sound 'more reasonable' than most arguing that side of the issue, but your argument IMO is based on a straw man that that's what the liberal position is. It's not.

Thank you - I am quite reasonable. As I said before, I'm not against a tiered tax plan (which is what's currently in place), but I'd much rather see actual infrastructural reform in the US instead of simply heaping lots of economic responsibility onto a class of people. There are plenty of policies in the US which can be amended to be optimized and efficient. If we simply rely on heightened tax revenue, we're ignoring the real problems.



Again, sorry not to say this more gently, but I think it's ignroance on your part that leads you to invent the obvious 'motive' for the liberal policy, since you don't understand the real basis for the position - and the invented motive just happens to be a weak one, as we see constantly in arguments from ill-informed Republicans about 'jealousy', as they have to make crap up to replace the things they are ignorant about.

Other than that, you don't sound unreasonable, and we're closer on the policy that most on 'your side'.

I'm not really sure why I'm being placed on the republican's side. I've voted Democrat in the past two elections, and I live in "Socialist Europe" (as the Fox News boys would cry). But let's be honest, Craig. The main post was created by one of ATOT's biggest trolls. If you re-read the post, you'll see plenty of name calling when it comes to the 'rich elite'. I think Techs even advocates spitting on them. (A real charmer!) The original post argues that more jobs would be created by massively taxing the wealthy. After two Google searches and a JStor search, I found a decent amount of conflicting data arguing for both sides (you'll notice that I posted that earlier).

I dislike when people state, unequivocally, that they know what would happen in the future, and when I defended the (admittedly simple) analogy, I was reacting to the statements by several people that history shows us that the "Rich" would stay in America. We simply don't know that, no matter what we think.

That sounds reasonable; but again, missing in your comments is the history of how the wealthy have swung the pendulum far in their direction; and any fact-based argument about 'what tax distribution increases productivity well' We have wealth concentration increasing the last 25 years at about the highestrates in our history - and you pick now to worry about the rich getting the short end of the stick, when their incomes increase several hundred percent while most get zero, after inflation.

It's not that I'm worried about the rich (as I stated earlier). I've already stated that I support social programs. I'm a bit worried that you're equating me with ProfJohn and all of the other right wingers.

I absolutely oppose heaping a 75% tax onto the massively rich. It's not that I care whether they'd be able to afford their next Audi R8, but simply that it seems extremely, extremely unfair to do so when there are so many other ways to stimulate job creation and rebound from our debt.

 

techs

Lifer
Sep 26, 2000
28,561
4
0
So basically I think the evidence is clear. Increasing taxes on the rich will create more jobs.

Thanks, all for your help.

/thread
 

ProfJohn

Lifer
Jul 28, 2006
18,251
8
0
Originally posted by: techs
So basically I think the evidence is clear. Increasing taxes on the rich will create more jobs.

Thanks, all for your help.

/thread
Are you related to Baghdad Bob???

I don't think one person agreed with your idea and yet you claim victory? Are you delusional or just afraid to admit that you were wrong?
 

JTsyo

Lifer
Nov 18, 2007
11,774
919
126
Originally posted by: b2386
75%? I don't think so... Also, why would Europe be the only relocation alternative?

Because they don't want their families kidnapped and ransomed.
 

eleison

Golden Member
Mar 29, 2006
1,319
0
0
Originally posted by: techs
So basically I think the evidence is clear. Increasing taxes on the rich will create more jobs.

Thanks, all for your help.

/thread

Amen, comrade. I'll go get the pitchforks
 

RyanPaulShaffer

Diamond Member
Jul 13, 2005
3,434
1
0
Originally posted by: techs
So basically I think the evidence is clear. Increasing taxes on the rich will create more jobs.

Thanks, all for your help.

/thread

Yes, the evidence is clear.

You are a troll.
 

SammyJr

Golden Member
Feb 27, 2008
1,708
0
0
Originally posted by: blackangst1
Originally posted by: SammyJr
Originally posted by: ProfJohn
BTW come back when you move out of mom and dads house and get a job and tell us if you think you are paying too much or too little in taxes.

I am paying far too much in taxes for what I get. Cut the wars and military waste. Add in Universal Health Care. Then, I'll feel really good about the taxes I pay.

Youre kidding right? You think that the clean food you eat is clean by virtue of honesty? You think the roads that you drive on are free? You think that the products companies deliver to the store you buy on Government roads is free? You think the courts that defend your right to bear arms and keep you safe from unwarranted search and seizure is free? You think the EPA that defends their pristine ocean front you visit on vacation is free? You think police and military security is free? You think the clean water out of your tap is there because the water company likes you?

WTF is wrong with you?

I said that I pay too much for what I get. We all pay for a massive military that does nothing for the vast majority of citizens. Clean water is relateively cheap. Bombs are not.
 

SammyJr

Golden Member
Feb 27, 2008
1,708
0
0
Originally posted by: blackangst1
Originally posted by: SammyJr
Originally posted by: Extelleron

So what is "their fair share". The rich already pay the majority of taxes in this country. They are a small minority but pay around half the total tax revenues. People making over $250k are already paying 35% of that income to the government. Meanwhile, the poor are making far less money and only paying 10-20% of it as tax revenues. So the rich pay more (because they make more) and even more (because they are taxed at a higher percent). They already pay more than their fair share. Remember that the rich don't benefit/need a lot of government services that they are paying for. The rich probably use government services the least yet they pay the most by far. The "fair share" argument doesn't make any sense. If anything you should say that the poor/middle class need to "pay their share."

NO THEY'RE NOT!

Google "marginal tax rates". Here's the first result: http://www.econlib.org/library.../MarginalTaxRates.html

Someone making $250k/year is not paying 35% of their income in taxes. They're paying far less. Someone making 7 or 8 figures isn't paying 35% either. They're paying the 15% long term capital gains rate on most of their income.

So youre proposing the majority of 6 and 7 figure income earners are earning via capital gains? Got any data to back that up?

I said 7 or 8 figures. This is executive compensation territory where stock options are common forms of compensation. An exec might have a 6 figure salary, but their overall compensation is higher due to stock options.

Originally posted by: SammyJr
And the rich do benefit largely from Government services. You think their employees were educated for free? You think that the clean food they and their employees eat is clean by virtue of honesty? You think the roads that they and their employees drive on are free? You think that the product their companies deliver on Government roads is free? You think the courts that defend their intellectual property are free? You think the EPA that defends their pristine ocean front properties from other rich guys looking to dump waste is free? You think police and military security is free? You think an SEC that monitors companies to help rich guys maintain their stock assets is free? You think that Government contracts to the rich guy's companies are free? The rich benefit far more from society, far more than any food stamp leech and as such, should pay a lot more for it.

Are you fucking kidding me? Youre proposing they pay more because they simply live in a land of laws? For the "privilege" of having a constitution? lol

Yes. Countries with an educated population, a functional, fair court system, high quality infrastructure, low corruption, etc. are expensive. The rich benefit from all of these things on a much larger scale than do the middle class or the poor.
 

lupi

Lifer
Apr 8, 2001
32,539
260
126
"A speed bump under FDR and his liberal policies".


Wow, never thought someone would toss away liberalism by clinging FDR to it.
 
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