Should The Rich Be Required To Pay Higher Taxes In the US?

[boedicca]

Keep dreaming. A REGRESSIVE tax isn't needed, but weird how the GOP stops ANYTHING that might require their overlords to pay more equitable with their wealth!

What I find perplexing is how the liberals seem to think they have a right to someone elses earned income.

What I find perplexing, is conservatives/libertarians "think" those people made it on their own, without SOCIETY and our laws?

What does our society and laws have to do with anything? We all have the same society and laws, yet many of us don't become wealthy. How does that work anyhow?

The only people that benefit more from our society are those who put more in: more hours, more money, more borrowing, more headaches.........

Other than that, I'll trade you one bushel of apples for your bushel of corn. Now if you happen to have much more corn than I have apples, that doesn't mean you owe me (society) anything. It means you worked harder than I did.

RIGHT, because SOME PEOPLE (Mittens Romney, Koch Brothers, the Walton's,etc) WERE born on 3rd base. Honesty. Try it'

What's it to you? Why do you feel entitled to something you or your family didn't earn?

Because EQUALTIY!

 

[Dad2three]

Yet before it, most seniors lived in POVERTY in the US, today SS keeps almost half of seniors out of poverty. I know, that ponzi scheme called the stock market works better right? lol, PLEASE give me the SUCCESSFUL privatization of SS ANYWHERE?

There are millions of them. They are called IRA's.

Yep, TOTALLY differ objective of the Social Security INSURANCE Program

Which is broke.... personal IRA's are not. SSI is a Ponzi scheme.

Broke? lol

PAY AS YOU GO SYSTEM, THAT CONSERVATIVES STARTING WITH REAGAN, RAIDED THE TRUST FUNDS TO HIDE THE COSTS OF TAX CUTS FOR THE RICH!!!

THAT CONSERVATIVES STARTING WITH REAGAN, RAIDED THE TRUST FUNDS

The Trust Funds that invested in Government bonds?
How can you raid those? Don't they still have government bonds in there?

Sure, but conservatives/GOP don't want to pay them back, AND the money's were used to pay for running Gov't for 30 years!

 

[Toddsterpatriot]

Higher benefits for future retirees isn't welfare, silly.

Right, having taxpayers pay for SS benefits that has ALWAYS been paid by program recipients is however!

You should really just stop, Im almost embarrassed for you because of the ass whipping you are taking here.

Sure Bubba, It's me conflating RETIREMENT ACCOUNTS FOR A SOCIAL INSURANCE SYSTEM??? lol

You don't like social security because it was designed as something that had to be paid into in order to get something back out.
you want the free money where you put no effort into earning it, but you still get a check from someone elses bank account.
what a welfare queen you must be.

Stop projecting dummy. After 35 years of Reaganomics, putting EVERYTHING on the credit card for the baby boomer generation, NEVER wanting to pay for ANYTHING, you want to call ME a welfare queen? lol

putting EVERYTHING on the credit card for the baby boomer generation, NEVER wanting to pay for ANYTHING

That darn Reagan was a slacker! $1.6 trillion added to the debt and all he did was defeat the Evil Empire.
Obama has added $7.5 trillion, so far, and all he did was let ISIS run wild across the Middle East, released Iran from international sanctions and let Russia get away with invading the Ukraine.

 

[Soggy in NOLA]

Right, having taxpayers pay for SS benefits that has ALWAYS been paid by program recipients is however!

You should really just stop, Im almost embarrassed for you because of the ass whipping you are taking here.

Sure Bubba, It's me conflating RETIREMENT ACCOUNTS FOR A SOCIAL INSURANCE SYSTEM??? lol

You don't like social security because it was designed as something that had to be paid into in order to get something back out.
you want the free money where you put no effort into earning it, but you still get a check from someone elses bank account.
what a welfare queen you must be.

Stop projecting dummy. After 35 years of Reaganomics, putting EVERYTHING on the credit card for the baby boomer generation, NEVER wanting to pay for ANYTHING, you want to call ME a welfare queen? lol

putting EVERYTHING on the credit card for the baby boomer generation, NEVER wanting to pay for ANYTHING

That darn Reagan was a slacker! $1.6 trillion added to the debt and all he did was defeat the Evil Empire.
Obama has added $7.5 trillion, so far, and all he did was let ISIS run wild across the Middle East, released Iran from international sanctions and let Russia get away with invading the Ukraine.

Yeah... but he meant well. And in liberal lalaland... intentions are all that matter.

 

[Toddsterpatriot]

If the United States as a whole adopted a Galveston-like plan, there would be no one left to pay the $500 billion annual cost of benefits for the nation’s 45 million current Social Security beneficiaries .

Sure there would. The US taxpayer would continue to pay the benefits until all the recipients passed.

Oh you prefer welfare. Got it

Higher benefits for future retirees isn't welfare, silly.

Right, having taxpayers pay for SS benefits that has ALWAYS been paid by program recipients is however!

Let's see, we could continue to pay crappy benefits with my 12.4% or we could invest my 12.4% in a plan with a much higher return. And once we've fully transitioned, the government could keep their paws off 12.4% of everyone's lifetime earnings.

I can see the attraction, for big government loving morons, to the current crappy plan.

I get it Bubba, you want to live in right wing fantasy world, hint look to Chile's supposed "miracle" to see how that libertarian BS REALLY works!

look to Chile's supposed "miracle"

How does it compare to Venezuela's march to a glorious socialist future?

 

[Toddsterpatriot]

What does our society and laws have to do with anything? We all have the same society and laws, yet many of us don't become wealthy. How does that work anyhow?

The only people that benefit more from our society are those who put more in: more hours, more money, more borrowing, more headaches.........

Other than that, I'll trade you one bushel of apples for your bushel of corn. Now if you happen to have much more corn than I have apples, that doesn't mean you owe me (society) anything. It means you worked harder than I did.

RIGHT, because SOME PEOPLE (Mittens Romney, Koch Brothers, the Walton's,etc) WERE born on 3rd base. Honesty. Try it'

What's it to you? Why do you feel entitled to something you or your family didn't earn?

NO ONE EARNED A BILLION DOLLARS. Not one Walton family member nor A Koch earned their wealth, but by the lucky sperm club!!!

Waaaahh.
I'm sorry your parents weren't successful and that you inherited the same. Maybe you should whine some more?

Stop projecting dummy

I'm unable to project your failure.

 

[Toddsterpatriot]

There are millions of them. They are called IRA's.

Yep, TOTALLY differ objective of the Social Security INSURANCE Program

Which is broke.... personal IRA's are not. SSI is a Ponzi scheme.

Broke? lol

PAY AS YOU GO SYSTEM, THAT CONSERVATIVES STARTING WITH REAGAN, RAIDED THE TRUST FUNDS TO HIDE THE COSTS OF TAX CUTS FOR THE RICH!!!

THAT CONSERVATIVES STARTING WITH REAGAN, RAIDED THE TRUST FUNDS

The Trust Funds that invested in Government bonds?
How can you raid those? Don't they still have government bonds in there?

Sure, but conservatives/GOP don't want to pay them back, AND the money's were used to pay for running Gov't for 30 years!

Sure, but conservatives/GOP don't want to pay them back

Conservatives don't want to pay back government bonds?
Sounds like another of your lies.

 

[Soggy in NOLA]

Yep, TOTALLY differ objective of the Social Security INSURANCE Program

Which is broke.... personal IRA's are not. SSI is a Ponzi scheme.

Broke? lol

PAY AS YOU GO SYSTEM, THAT CONSERVATIVES STARTING WITH REAGAN, RAIDED THE TRUST FUNDS TO HIDE THE COSTS OF TAX CUTS FOR THE RICH!!!

THAT CONSERVATIVES STARTING WITH REAGAN, RAIDED THE TRUST FUNDS

The Trust Funds that invested in Government bonds?
How can you raid those? Don't they still have government bonds in there?

Sure, but conservatives/GOP don't want to pay them back, AND the money's were used to pay for running Gov't for 30 years!

Sure, but conservatives/GOP don't want to pay them back

Conservatives don't want to pay back government bonds?
Sounds like another of your lies.

My sincerest hope is he's young and dumb... cause that can be fixed.

 

[Dad2three]

Yep, TOTALLY differ objective of the Social Security INSURANCE Program

Which is broke.... personal IRA's are not. SSI is a Ponzi scheme.

Broke? lol

PAY AS YOU GO SYSTEM, THAT CONSERVATIVES STARTING WITH REAGAN, RAIDED THE TRUST FUNDS TO HIDE THE COSTS OF TAX CUTS FOR THE RICH!!!

Oh, right.. its Reagan's fault.

You're such an idiot.

Nah, Ronnie "saving SS" by increasing SS taxes 60%, which hid the REAL costs of tax cuts for the rich, and then using the trust funds of the $3 trillion in excess payments, WASN'T the fault of Ronnie??? lol

Nah, Ronnie "saving SS" by increasing SS taxes 60%,

Liar!

Reagan needed a new source of revenue to replace the revenue lost as a result of his unaffordable income tax cuts. He wasn’t about to rescind any of his income-tax cuts, but he had another idea. What about raising the payroll tax, and then channeling the new revenue to the general fund, from where it could be spent for other purposes? An increase in Social Security taxes would be easier to enact than a hike in income tax rates, and it would leave his income tax cuts undisturbed. Reagan’s first step in implementing his strategy was to write to Congressional leaders. His first letter, dated May 21, 1981 included the following:

As you know, the Social Security System is teetering on the edge of bankruptcy…in the decades ahead its unfunded obligations could run well into the trillions. Unless we in government are willing to act, a sword of Damocles will soon hang over the welfare of millions of our citizens.

Reagan wrote a follow-up letter to Congressional leaders dated July 18, 1981, which included:

“The highest priority of my Administration is restoring the integrity of the Social Security System. Those 35 million Americans who depend on Social Security expect and are entitled to prompt bipartisan action to resolve the current financial problem.

Social Security was definitely not “teetering on the edge of bankruptcy” in 1981 as Reagan claimed in his letter to Congressional leaders. The 1983 National Commission on Social Security Reform, headed by Alan Greenspan, issued its “findings and recommendations” in January 1983. The Commission accurately foresaw major problems for Social Security when the baby boomers began to retire in about 2010. But that was nearly two decades down the road


Ronald Reagan and The Great Social Security Heist : FedSmith.com

 

[OnePercenter]

"That's not a tax break for the Waltons."



True, Walton's ONLY have a greater than 50% stake in Walmart

Remember, Walmart Procurement, Logistics, and Transportation are privately held companies wholly owned by the Walmart seven, so they receive more than the 'greater than 50% stake.'

 

[Dad2three]

What is is infatuation with Reagan? The man;s been dead for what10 -11 years? I'm surprised he's not blaming the civil war on Reagan. Must be a public school grad... dumber than shit.

Right, because a guys dead, doesn't mean POLICY ends right? Hint conservatives bitch about FDR 80 years AFTER his programs were put in place, lol

 

[Soggy in NOLA]

I/m outta here... I can't take any more of this moron.

 

[Dad2three]

Oh you prefer welfare. Got it

Higher benefits for future retirees isn't welfare, silly.

Right, having taxpayers pay for SS benefits that has ALWAYS been paid by program recipients is however!

Let's see, we could continue to pay crappy benefits with my 12.4% or we could invest my 12.4% in a plan with a much higher return. And once we've fully transitioned, the government could keep their paws off 12.4% of everyone's lifetime earnings.

I can see the attraction, for big government loving morons, to the current crappy plan.

I get it Bubba, you want to live in right wing fantasy world, hint look to Chile's supposed "miracle" to see how that libertarian BS REALLY works!

Look at Venezuela and see how your Fabian Socialist wetdream is working...

Fabian? lol


PLEASE give me ONE state/nation to EVER use your libertarian BS successfully? EVER?

 

[SharpArrowhead]

I think as long as it's proportional, that would be right. The rich have so many ways to reduce their taxes so they pay less in terms of proportion.

 

[Dad2three]

Right, having taxpayers pay for SS benefits that has ALWAYS been paid by program recipients is however!

You should really just stop, Im almost embarrassed for you because of the ass whipping you are taking here.

Sure Bubba, It's me conflating RETIREMENT ACCOUNTS FOR A SOCIAL INSURANCE SYSTEM??? lol

You don't like social security because it was designed as something that had to be paid into in order to get something back out.
you want the free money where you put no effort into earning it, but you still get a check from someone elses bank account.
what a welfare queen you must be.

Stop projecting dummy. After 35 years of Reaganomics, putting EVERYTHING on the credit card for the baby boomer generation, NEVER wanting to pay for ANYTHING, you want to call ME a welfare queen? lol

putting EVERYTHING on the credit card for the baby boomer generation, NEVER wanting to pay for ANYTHING

That darn Reagan was a slacker! $1.6 trillion added to the debt and all he did was defeat the Evil Empire.
Obama has added $7.5 trillion, so far, and all he did was let ISIS run wild across the Middle East, released Iran from international sanctions and let Russia get away with invading the Ukraine.

YEP, Ronnie TRIPLED US debt where Obama walked into what GOP/Dubya set him up with.

HE DEFEATED THE EMPIRE? WHOSE PUTIN? What was 45 years of US policy on containment? lol

Saint Ronnie, without the collective amnesia of right wingers, what Ronnie's REAL policies did, what would you Klowns have?

 

[OnePercenter]

4
If you put 12.4% of your lifetime earnings in the stock market and 12.4% of your lifetime earnings into Social Security and die tomorrow, at the age of 61 years, 363 days, which of your two retirement plans will give your family more money, the stock market or Social Security?

Unless you had all of your eggs in the market when Republicans/corporate America/BushCo crashed the economy in 2007/2008.

 

[Dad2three]

Oh you prefer welfare. Got it

Higher benefits for future retirees isn't welfare, silly.

Right, having taxpayers pay for SS benefits that has ALWAYS been paid by program recipients is however!

Let's see, we could continue to pay crappy benefits with my 12.4% or we could invest my 12.4% in a plan with a much higher return. And once we've fully transitioned, the government could keep their paws off 12.4% of everyone's lifetime earnings.

I can see the attraction, for big government loving morons, to the current crappy plan.

I get it Bubba, you want to live in right wing fantasy world, hint look to Chile's supposed "miracle" to see how that libertarian BS REALLY works!

look to Chile's supposed "miracle"

How does it compare to Venezuela's march to a glorious socialist future?

So NO, you will not look to Friedman's "free market" miracle, so instead you'll use a "socialist" failure put through whose lens bubs? Who exactly was saying it was a paradise again Bubs?

 

[Dad2three]

You should really just stop, Im almost embarrassed for you because of the ass whipping you are taking here.

Sure Bubba, It's me conflating RETIREMENT ACCOUNTS FOR A SOCIAL INSURANCE SYSTEM??? lol

You don't like social security because it was designed as something that had to be paid into in order to get something back out.
you want the free money where you put no effort into earning it, but you still get a check from someone elses bank account.
what a welfare queen you must be.

Stop projecting dummy. After 35 years of Reaganomics, putting EVERYTHING on the credit card for the baby boomer generation, NEVER wanting to pay for ANYTHING, you want to call ME a welfare queen? lol

putting EVERYTHING on the credit card for the baby boomer generation, NEVER wanting to pay for ANYTHING

That darn Reagan was a slacker! $1.6 trillion added to the debt and all he did was defeat the Evil Empire.
Obama has added $7.5 trillion, so far, and all he did was let ISIS run wild across the Middle East, released Iran from international sanctions and let Russia get away with invading the Ukraine.

Yeah... but he meant well. And in liberal lalaland... intentions are all that matter.

Yep, it wasn't the shithole hole Dubya/GOP left US in, it was Obama? lol

 

[OnePercenter]

True, they ONLY benefited over half the Corp tax breaks right Bubs, beside hitting the lucky sperm lottery, why should they benefit from the fathers hard work, worth more than 80% of US COMBINED? ?????

True, they ONLY benefited over half the Corp tax breaks right Bubs,

You mean they paid taxes, just like every other corporation?
That's awful!
Feel free to cut out all the welfare payments that WalMart takes advantage of.

why should they benefit from the fathers hard work

Why not. You know, private ownership.

Yep, Walton's/Walmart use the best tax breaks they can buy in Congress!

Oh so our Founders were wrong to worry about INHERITED aristocracy over merit? Thanks for letting me know!

Yep, Walton's/Walmart use the best tax breaks they can buy in Congress!

Yep, same depreciation schedules as everyone else, same dividend tax rates, same corporate income tax rate.

Retail giant received $100 million in tax breaks for big executive bonuses


The report, titled “Walmart’s Executive Bonuses Cost Taxpayers Millions,” focuses on tax law that allows companies to deduct unlimited amounts for performance-based compensation. The law was put in place in 1993 in order to discourage excessive pay, according to the study, which goes on to say that Wal-Mart has abused the law.



Some members of Congress have introduced legislation to change law to prohibit tax deductions for executive bonuses. Rep. Lloyd Doggett, a Democrat from Texas who is pushing such a bill, excoriated big corporations for forcing small businesses and families to pay more because of the current tax law.

“Publicly held companies like Wal-Mart can continue paying their executives multimillion dollar bonuses; just don’t expect the American taxpayer to pick up your tab,” he said in a statement. “It makes no sense for working families to subsidize those making nearly 300 times the average worker.”

Wal-Mart attacked for big tax breaks - Fortune




“This report shows that our current system is anything but fair – rather it provides special treatment to America’s biggest corporations and richest families leaving individual taxpayers and small businesses to pick up the tab,” the report concluded.

The $7.8 billion includes an estimated $6.2 billion in public assistance for low-wage Walmart employees, including programs like food stamps, subsidized housing, and Medicaid. It also includes an estimated $70 million per year in “economic development subsidies” from state and legal governments eager to host Walmart in their cities.


Walmart benefits from billions in government subsidies: Study


How Wal-Mart Has Used Public Money in Your State

A secret behind Wal-Mart’s rapid expansion in the United States has been its extensive use of public money. This includes more than $1.2 billion in tax breaks, free land, infrastructure assistance, low-cost financing and outright grants from state and local governments around the country.

Wal-Mart Subsidy Watch - brought to you by Good Jobs First

tax law that allows companies to deduct unlimited amounts for performance-based compensation.

Hold on one second....WalMart is following the tax law????

Outrageous!!!!!

Moron.

Which your failed voting record allowed to happen.

 

[eagle1462010]

Liberals think they are Robin Hood and America is Sherwood Forrest................And they get votes from the Hood.

Without false premises, distortions and LIES, the right wingers would have NOTHING. Oh right, it's what they argue now!

That's his platform..........and you guys think you are Robin N the hoods....................Your side is good at one thing..........Driving business away.................

I remember building a gas turbine plant in Mohave Arizona........Just across the border from Needles Liberalfornia..................during the Black outs............Do you know why it was built in Arizona........because the power plant said it would be a cold day in Hell when they would build it in California...............

\
Sure Bubba, sure. You mean when Dubya allowed the "free market" to hose Cali during the created energy crisis? Weird


I bet they said that too, the largest US economy in Cali, by FARRRR , LOL, WHAT are we doing wrong?

Big difference between the Con Artist at ENRON, and the actual utilities working there. 2 went bankrupt, and California bought the transmission lines to save the third utility there back then.

Bottom line California has a habit of chasing away companies.................Why should they come in there and build when people like you say your gonna regulate and tax their asses off.......................I heard that from the big dogs building that plant...........

Just down the street..................a PEAKER COAL PLANT RUNNING AT 30 % CAPACITY...............But they would be fined for producing more power to stop the Black Outs because COAL IS THE DEVIL TO PEOPLE LIKE YOU............