Since we know that trickledown economics is a GOP lie, why are republicans still opposed to taxing the very wealthy more?

[Devils_Advocate]

Simple answer is if you flip a burger for a living and are more than eighteen years old and not in school then you are a loser and don’t deserve higher pay...

Now with that written the fact is maybe the U.S. Government should stop wasting taxpayer dollars and be held accountable for what they spend the taxpayer dollars on...

Now you will proclaim it is never wasted on roads, infrastructure and education but that also see a lot of bloat in it budgets, the Federal Government should be held to a higher standard at keeping waste spending down!

So as you demand to tax the rich, well I demand you stop wasting taxpayer dollars on bloat!

 

[Billy000]

When a Billionaire buys his yacht ... where do you think the money goes?

View attachment 472829

That's not even close to a blip on the radar for a macro effect on the economy overall.

Only a single example of what people, rich and poor, spend their money on.

The bigger question is ... If someone has accumulated wealth, why do you feel entitled to it?

The consumer demand of a rich person isn't much different from the demand from someone in the middle class. Sure, the wealthy make more extravagant purchases every once in awhile, but they are few and far between. They don't buy more essentials like food or clothing which are industries that really drive the economy. Their tax liability, on the other hand, could bring plenty of revenue on a yearly basis.

 

[Jim H - VA USA]

The wealth disparity in the US is the widest in the world. We KNOW corporate subsidies and tax breaks do not benefit the middle class or poor on any significant level. It's simply a myth they would choose to invest the extra money into lower level work forces. Why pay the fast food worker more if republican policy allows the fat cats to just keep the money they save from tax loopholes or meat subsidies? No point in that for them. There is no incentive.


"Under this legislation," the proposal noted above a list of billionaires in America, "the families of all 657 billionaires in America who have a combined net worth of over $4.26 trillion would owe up to $2.7 trillion in estate taxes."

Estate tax proposal from Bernie Sanders would mean big bills for America's wealthiest

Senate Budget Committee Chairman Bernie Sanders (I-VT) recently introduced an estate tax plan that specifically lists the wealthiest Americans.

www.yahoo.com

I have never understood why some people who pay less income taxes than their neighbor, would demand that the neighbor pay more.

About half of Americans pay no federal income tax at all; the rest of us pay it for them.

The richest among us tend to pay the most taxes, generally about 27% for the top 1%. They pay so much more than most of us do. Personally, I am thankful and wish them even greater future success, but I do pay a tidy sum of taxes myself.

To answer your original query:
This wealthiest among us owe us squat. They can take their money and run after firing everyone.

But instead, they make more money by continuing to employ people who buy homes and other things, paying property, sales, social security and other taxes, while these employers are paying similar taxes themselves.

The wealthiest among us pay most of the taxes, and that pays for most of the operations of the government, including schools, roads, law and order, defense, energy, etc.

Demonizing the successful has to stop. We need to encourage success. Everyone would love to be successful. Everyone can be, if they strive to do so, every day.

 

[Billy000]

When a Billionaire buys his yacht ... where do you think the money goes?

View attachment 472829

That's not even close to a blip on the radar for a macro effect on the economy overall.

Only a single example of what people, rich and poor, spend their money on.

The bigger question is ... If someone has accumulated wealth, why do you feel entitled to it?

I also said nothing about ME. That's just a lame talking point you all bring up regardless of its relevance.

 

[blackhawk]

If you got more money from so called very wealthy what then? Would it used for something important like say oh I don’t know taking a very, very small step in paying down the national debt or would it be used for yet more partisan pork bullshit. My vote would be for the second.

Regardless of where the money went, it would help for pay for any government spending and reduce the deficit.

My post did not mention deficit it was about the national debt the two are not the same. This nation was debt free in 1835 it lasted for a grand total of one year you could tax the very rich, super rich, the one percent whatever you want to call them at 99 percent and all you would accomplish is giving the government more money to waste. Again nation was debt free in 1835 current national debt 28 trillion and counting government and fiscal responsibility is an oxymoron it does not matter which party is in control.

 

[fncceo]

Their tax liability, on the other hand, could bring plenty of revenue on a yearly basis.

They pay a percentage of their income to the taxman, just like you. If their burden on the taxpayer is the same or, in most cases less, why should they pay more tax?

In fact, they should be paying less.

 

[Vrenn]

The wealth disparity in the US is the widest in the world. We KNOW corporate subsidies and tax breaks do not benefit the middle class or poor on any significant level. It's simply a myth they would choose to invest the extra money into lower level work forces. Why pay the fast food worker more if republican policy allows the fat cats to just keep the money they save from tax loopholes or meat subsidies? No point in that for them. There is no incentive.


"Under this legislation," the proposal noted above a list of billionaires in America, "the families of all 657 billionaires in America who have a combined net worth of over $4.26 trillion would owe up to $2.7 trillion in estate taxes."

Estate tax proposal from Bernie Sanders would mean big bills for America's wealthiest

Senate Budget Committee Chairman Bernie Sanders (I-VT) recently introduced an estate tax plan that specifically lists the wealthiest Americans.

www.yahoo.com

currently about 50% of the population pay nothing in taxs and the uber rich pay the highest part of taxs,,

fix that problem and we can talk about you stupid idea,,

We certainly can fix that problem. 99% of the wealth is owned by the top 20%. But the top 20% pay less than 99% of the taxes. Using your logic, we lower the percentage of wealth to the top 20%. Wonder how that's going to go over?

sounds like youre jealous,,,

maybe you should stop being a lazy piece of shit and get out there and do something,,


all of these rich people employ hundreds or thousands of people and when they use their money to buy the nice stuff they also help the job market,,

paying higher taxs takes money from the people and gives it to the government to waste on turtle tunnels and gender studies in pakistan,,

No it doesn't. A case in point was a guy here that owned an entire chain of McDonalds. He complained to a reporter that the raise in min wage would cause him to cut workers. He was being interviewed in the Airport on his 6th vacation that year to Hawaii. Meanwhile, his workers were all on the poverty list. And before you go off on all the jobs were being done by High Schoolers, they weren't. The Job Market has forced some people with families to have to take those jobs with no future of advancement.

Trickle only works on trickle up.

 

[fncceo]

He complained to a reporter that the raise in min wage would cause him to cut workers.

That wasn't a complaint... that's a cold, hard fact. The more a worker costs, the fewer you can hire at the same productivity.

 

[Vrenn]

Simple answer is if you flip a burger for a living and are more than eighteen years old and not in school then you are a loser and don’t deserve higher pay...

Now with that written the fact is maybe the U.S. Government should stop wasting taxpayer dollars and be held accountable for what they spend the taxpayer dollars on...

Now you will proclaim it is never wasted on roads, infrastructure and education but that also see a lot of bloat in it budgets, the Federal Government should be held to a higher standard at keeping waste spending down!

So as you demand to tax the rich, well I demand you stop wasting taxpayer dollars on bloat!

You were on a roll for me to disagree until your last sentence. Damn, how dare you.

 

[Billy000]

The wealth disparity in the US is the widest in the world. We KNOW corporate subsidies and tax breaks do not benefit the middle class or poor on any significant level. It's simply a myth they would choose to invest the extra money into lower level work forces. Why pay the fast food worker more if republican policy allows the fat cats to just keep the money they save from tax loopholes or meat subsidies? No point in that for them. There is no incentive.


"Under this legislation," the proposal noted above a list of billionaires in America, "the families of all 657 billionaires in America who have a combined net worth of over $4.26 trillion would owe up to $2.7 trillion in estate taxes."

Estate tax proposal from Bernie Sanders would mean big bills for America's wealthiest

Senate Budget Committee Chairman Bernie Sanders (I-VT) recently introduced an estate tax plan that specifically lists the wealthiest Americans.

www.yahoo.com

I have never understood why some people who pay less income taxes than their neighbor, would demand that the neighbor pay more.

About half of Americans pay no federal income tax at all; the rest of us pay it for them.

The richest among us tend to pay the most taxes, generally about 27% for the top 1%. They pay so much more than most of us do. Personally, I am thankful and wish them even greater future success, but I do pay a tidy sum of taxes myself.

To answer your original query:
This wealthiest among us owe us squat. They can take their money and run after firing everyone.

But instead, they make more money by continuing to employ people who buy homes and other things, paying property, sales, social security and other taxes, while these employers are paying similar taxes themselves.

The wealthiest among us pay most of the taxes, and that pays for most of the operations of the government, including schools, roads, law and order, defense, energy, etc.

Demonizing the successful has to stop. We need to encourage success. Everyone would love to be successful. Everyone can be, if they strive to do so, every day.

It's simply a lie that half of workers do not pay taxes. ANY worker at least pays payroll taxes. In fact, 1/5 of a poor person's income goes to their taxes.

You're conveniently not acknowledging the EFFECTIVE taxes rich people pay. 2/3 of corporations do not pay any federal income taxes because of the taxe loopholes they take advantage of. The "official" tax rate is effectively meaningless.

 

[Vrenn]

He complained to a reporter that the raise in min wage would cause him to cut workers.

That wasn't a complaint... that's a cold, hard fact. The more a worker costs, the fewer you can hire at the same productivity.

And the more vacations he and his family can take to Hawaii or Rome or wherever. And the new Mercedes and Porches and the new half million dollar boat and.. And you expect the welfare department to make up the difference with your workers between starving and not starving. It's called Corporate Welfare.

 

[DukeU]

Why are you pretending it would go to that? That's just stupid. You're just making shit up as you go along.

 

[9thIDdoc]

The wealth disparity in the US is the widest in the world. We KNOW corporate subsidies and tax breaks do not benefit the middle class or poor on any significant level. It's simply a myth they would choose to invest the extra money into lower level work forces. Why pay the fast food worker more if republican policy allows the fat cats to just keep the money they save from tax loopholes or meat subsidies? No point in that for them. There is no incentive.


"Under this legislation," the proposal noted above a list of billionaires in America, "the families of all 657 billionaires in America who have a combined net worth of over $4.26 trillion would owe up to $2.7 trillion in estate taxes."

Estate tax proposal from Bernie Sanders would mean big bills for America's wealthiest

Senate Budget Committee Chairman Bernie Sanders (I-VT) recently introduced an estate tax plan that specifically lists the wealthiest Americans.

www.yahoo.com

1. We don't know that "trickle down economics" is a lie.
2. We do know that when anybody claims they are just going to tax the rich everybody and everything ends up getting the piss taxed out of it. Money stolen for our own good, of course.

 

[DGS49]

For a bit of perspective here, a married couple making $500k per year pays almost 23 times the amount of Federal Income Tax as a married couple making $50k/yr. But the OP things they don't pay enough.

Think about that.

 

[Billy000]

For a bit of perspective here, a married couple making $500k per year pays almost 23 times the amount of Federal Income Tax as a married couple making $50k/yr. But the OP things they don't pay enough.

Think about that.

Are you familiar with the EFFECTIVE tax rate as opposed to the official tax rate?

 

[theHawk]

The wealth disparity in the US is the widest in the world. We KNOW corporate subsidies and tax breaks do not benefit the middle class or poor on any significant level. It's simply a myth they would choose to invest the extra money into lower level work forces. Why pay the fast food worker more if republican policy allows the fat cats to just keep the money they save from tax loopholes or meat subsidies? No point in that for them. There is no incentive.


"Under this legislation," the proposal noted above a list of billionaires in America, "the families of all 657 billionaires in America who have a combined net worth of over $4.26 trillion would owe up to $2.7 trillion in estate taxes."

Estate tax proposal from Bernie Sanders would mean big bills for America's wealthiest

Senate Budget Committee Chairman Bernie Sanders (I-VT) recently introduced an estate tax plan that specifically lists the wealthiest Americans.

www.yahoo.com

You don’t need Republican votes to raise taxes on the “rich” as well as the middle class.

What’s the hold up? Why are you blaming the GOP when Dems control both houses? Hurry up and raise taxes. Raise them a lot. Do it and prove it will help the economy, or shut up.

 

[progressive hunter]

The wealth disparity in the US is the widest in the world. We KNOW corporate subsidies and tax breaks do not benefit the middle class or poor on any significant level. It's simply a myth they would choose to invest the extra money into lower level work forces. Why pay the fast food worker more if republican policy allows the fat cats to just keep the money they save from tax loopholes or meat subsidies? No point in that for them. There is no incentive.


"Under this legislation," the proposal noted above a list of billionaires in America, "the families of all 657 billionaires in America who have a combined net worth of over $4.26 trillion would owe up to $2.7 trillion in estate taxes."

Estate tax proposal from Bernie Sanders would mean big bills for America's wealthiest

Senate Budget Committee Chairman Bernie Sanders (I-VT) recently introduced an estate tax plan that specifically lists the wealthiest Americans.

www.yahoo.com

currently about 50% of the population pay nothing in taxs and the uber rich pay the highest part of taxs,,

fix that problem and we can talk about you stupid idea,,

We certainly can fix that problem. 99% of the wealth is owned by the top 20%. But the top 20% pay less than 99% of the taxes. Using your logic, we lower the percentage of wealth to the top 20%. Wonder how that's going to go over?

sounds like youre jealous,,,

maybe you should stop being a lazy piece of shit and get out there and do something,,


all of these rich people employ hundreds or thousands of people and when they use their money to buy the nice stuff they also help the job market,,

paying higher taxs takes money from the people and gives it to the government to waste on turtle tunnels and gender studies in pakistan,,

No it doesn't. A case in point was a guy here that owned an entire chain of McDonalds. He complained to a reporter that the raise in min wage would cause him to cut workers. He was being interviewed in the Airport on his 6th vacation that year to Hawaii. Meanwhile, his workers were all on the poverty list. And before you go off on all the jobs were being done by High Schoolers, they weren't. The Job Market has forced some people with families to have to take those jobs with no future of advancement.

Trickle only works on trickle up.

sounds like his employees need a better job than one reserved for students and first time workers,,,

trickle down worked pretty good for me since I have never worked for a poor person,,

 

[progressive hunter]

He complained to a reporter that the raise in min wage would cause him to cut workers.

That wasn't a complaint... that's a cold, hard fact. The more a worker costs, the fewer you can hire at the same productivity.

that simple fact seems to elude the stupid,,

 

[progressive hunter]

He complained to a reporter that the raise in min wage would cause him to cut workers.

That wasn't a complaint... that's a cold, hard fact. The more a worker costs, the fewer you can hire at the same productivity.

And the more vacations he and his family can take to Hawaii or Rome or wherever. And the new Mercedes and Porches and the new half million dollar boat and.. And you expect the welfare department to make up the difference with your workers between starving and not starving. It's called Corporate Welfare.

and when they spend money in those places it helps the workers there,,

thats called trickle down,,

 

[Vrenn]

The wealth disparity in the US is the widest in the world. We KNOW corporate subsidies and tax breaks do not benefit the middle class or poor on any significant level. It's simply a myth they would choose to invest the extra money into lower level work forces. Why pay the fast food worker more if republican policy allows the fat cats to just keep the money they save from tax loopholes or meat subsidies? No point in that for them. There is no incentive.


"Under this legislation," the proposal noted above a list of billionaires in America, "the families of all 657 billionaires in America who have a combined net worth of over $4.26 trillion would owe up to $2.7 trillion in estate taxes."

Estate tax proposal from Bernie Sanders would mean big bills for America's wealthiest

Senate Budget Committee Chairman Bernie Sanders (I-VT) recently introduced an estate tax plan that specifically lists the wealthiest Americans.

www.yahoo.com

currently about 50% of the population pay nothing in taxs and the uber rich pay the highest part of taxs,,

fix that problem and we can talk about you stupid idea,,

We certainly can fix that problem. 99% of the wealth is owned by the top 20%. But the top 20% pay less than 99% of the taxes. Using your logic, we lower the percentage of wealth to the top 20%. Wonder how that's going to go over?

sounds like youre jealous,,,

maybe you should stop being a lazy piece of shit and get out there and do something,,


all of these rich people employ hundreds or thousands of people and when they use their money to buy the nice stuff they also help the job market,,

paying higher taxs takes money from the people and gives it to the government to waste on turtle tunnels and gender studies in pakistan,,

No it doesn't. A case in point was a guy here that owned an entire chain of McDonalds. He complained to a reporter that the raise in min wage would cause him to cut workers. He was being interviewed in the Airport on his 6th vacation that year to Hawaii. Meanwhile, his workers were all on the poverty list. And before you go off on all the jobs were being done by High Schoolers, they weren't. The Job Market has forced some people with families to have to take those jobs with no future of advancement.

Trickle only works on trickle up.

sounds like his employees need a better job than one reserved for students and first time workers,,,

trickle down worked pretty good for me since I have never worked for a poor person,,

If better jobs were available yes. But needing a better job and getting a better job is a different animal. Begging street corners pays better than either option.