Tax the Rich: Fix Jobs and Deficits

[Toddsterpatriot]

As I understand it, the luxury tax you refer to worked about as well as the Bush tax cuts.

If it's true that only the USSR lost as many jobs in a single decade (its last, btw) than we lost between 2001 and 2010, is it possible technology has reached a level where capitalism can not provide jobs to all who need one?

The luxury tax was supposed to punish the nasty rich people.
Did it punish the nasty rich people?

Maybe the luxury tax was just another lie the nasty rich people write?

How much more money are the richest 1% of humanity entitled to?

All of it?

George Mitchell wanted a luxury tax so the mean rich people would pay their fair share.
Make those mean rich guys spend more money when they buy a yacht.
The mean rich guys started buying their yachts from other countries.
The good boat building citizens of Mitchell's state lost their jobs.
Typical idiot liberal can't think past the first stage of their stupid ideas.
Because no one ever changes their behavior when tax rates change, right?
How much more of the money belonging to the richest 1% of Americans are you entitled to? All of it?

 

[thereisnospoon]

So no deficit reduction, keep spending trillions more then we have and to help offset it steal the money from those you think have to much. Thanks for proving the point of just how brain damaged you are.

Explain again how taking MORE percentage wise from people that happen to have more then you is A) Justified under the Constitution, B) reasonable behavior for a Government to do, And C) why you think those with more should pay a higher percentage based on some sense of fair play and reasonable conscious.

These idiot libs are so transparent. They look upon taxation not as a means for government to raise revenue, but as a means to punish those who the Left view as "having too much" or having enough".
Georgie Phillip here has done several of these "I hate the rich" threads.
This is typical of a person who thinks they should get extra credit for "trying hard".
Well in the real world there is no "try" there is only "do".
And because people such as Georgie tried and have failed, seen others become what they view as "unfairly successful" or just plain lucky. want their pound of flesh.
They look to government to right this perceived wrong.
As with most of these people, they find themselves in a world of shit of their own doing. So in their view, we should all be under some government program that ensures equality in misery.

 

[thereisnospoon]

So no deficit reduction, keep spending trillions more then we have and to help offset it steal the money from those you think have to much. Thanks for proving the point of just how brain damaged you are.

Explain again how taking MORE percentage wise from people that happen to have more then you is A) Justified under the Constitution, B) reasonable behavior for a Government to do, And C) why you think those with more should pay a higher percentage based on some sense of fair play and reasonable conscious.

If someone twice your size and half your age beats you senseless and transfers all the money in your pockets into his, will you bleat "life ain't fair" from your hospital bed?

The richest 1% of Americans earned about 9% of annual US income in 1979.
They earn over 20% today and control about 40% of national wealth.
And they have seen their "fair share" of both increase since 2008.

I don't believe the rich have earned all that money.
They have bribed politicians to lower their tax rates to acquire some of it.
They have manipulated the Federal Reserve and commodity markets for some of it.
And they've spiked unemployment to levels unseen in generations for some of it.

This is a damn war.
Why are you afraid to fight back?

No one is doing that. I can say in nearly half a century on this planet no one has ever taken money from me.
Where you get this silly stuff from is a fucking mystery.

 

[daveman]

So no deficit reduction, keep spending trillions more then we have and to help offset it steal the money from those you think have to much. Thanks for proving the point of just how brain damaged you are.

Explain again how taking MORE percentage wise from people that happen to have more then you is A) Justified under the Constitution, B) reasonable behavior for a Government to do, And C) why you think those with more should pay a higher percentage based on some sense of fair play and reasonable conscious.

If someone twice your size and half your age beats you senseless and transfers all the money in your pockets into his, will you bleat "life ain't fair" from your hospital bed?

The richest 1% of Americans earned about 9% of annual US income in 1979.
They earn over 20% today and control about 40% of national wealth.
And they have seen their "fair share" of both increase since 2008.

I don't believe the rich have earned all that money.
They have bribed politicians to lower their tax rates to acquire some of it.
They have manipulated the Federal Reserve and commodity markets for some of it.
And they've spiked unemployment to levels unseen in generations for some of it.

This is a damn war.
Why are you afraid to fight back?

No one is doing that. I can say in nearly half a century on this planet no one has ever taken money from me.
Where you get this silly stuff from is a fucking mystery.

George "thinks" eeeevil rich people hold a gun to your head and force you to buy stuff from them.


George is an idiot.

 

[thereisnospoon]

If someone twice your size and half your age beats you senseless and transfers all the money in your pockets into his, will you bleat "life ain't fair" from your hospital bed?

The richest 1% of Americans earned about 9% of annual US income in 1979.
They earn over 20% today and control about 40% of national wealth.
And they have seen their "fair share" of both increase since 2008.

I don't believe the rich have earned all that money.
They have bribed politicians to lower their tax rates to acquire some of it.
They have manipulated the Federal Reserve and commodity markets for some of it.
And they've spiked unemployment to levels unseen in generations for some of it.

This is a damn war.
Why are you afraid to fight back?

Well, if you DON'T BELIEVE the rich have EARNED all that money, you could call Nancy Pelosi, John Kerry and a few others who are the RICHEST Democrat Representatives, AND ASK THEM.
You are showing your Liberal Red my dear.

From the OP:

"The rich have the money because Republicans AND Democrats threw money at Wall Street banks and hedge funds..."

There is no shortage of millionaires in the US Congress.
On both sides of the aisle.

My solution is to FLUSH Republicans AND Democrats from DC by the hundreds (starting in the White House) in November of 2012.

What's yours?

Stop screaming. You are rapidly approaching a nervous breakdown.

 

[bripat9643]

As I understand it, the luxury tax you refer to worked about as well as the Bush tax cuts.

All that shows is that you don't understand jack.

If it's true that only the USSR lost as many jobs in a single decade (its last, btw) than we lost between 2001 and 2010, is it possible technology has reached a level where capitalism can not provide jobs to all who need one?

No, it's only possible that the fascist agenda of the Democrat party doesn't provide jobs to all who need one.

 

[thereisnospoon]

The problem is so much more complex than merely the rich have too much and the poor not enough, and the solutions to this development will take so much more than merely taxing the rich, that this sort of post (while certainly welcomed by the board partisans) really serves to DISINFORM more than to inform.

Ask yourselves WHY capital has gained do much while the bottom 80% or so is losing ground.

TAXATION is a very small part of the real problem.



'

To what are we supposedly "losing ground"?

 

[bripat9643]

Maybe the luxury tax was just another lie the nasty rich people write?

How much more money are the richest 1% of humanity entitled to?

All of it?

Everyone is entitled to exactly what they are able to acquire through voluntary transactions. No on is entitled to a cent more.

 

[bripat9643]

George "thinks" eeeevil rich people hold a gun to your head and force you to buy stuff from them.


George is an idiot.

Agreed. That's the mentality of anyone who whines about the rich "paying their fair share." As if the tics on society are entitled to anything the rich have.

 

[georgephillip]

As I understand it, the luxury tax you refer to worked about as well as the Bush tax cuts.

All that shows is that you don't understand jack.

If it's true that only the USSR lost as many jobs in a single decade (its last, btw) than we lost between 2001 and 2010, is it possible technology has reached a level where capitalism can not provide jobs to all who need one?

No, it's only possible that the fascist agenda of the Democrat party doesn't provide jobs to all who need one.

How many jobs did Bush create between 2001 and 2009 IN THIS COUNTRY?

 

[thereisnospoon]

It's inarguable that in order to fix the fiscal mess, sacrifices have to be made.

It's reasonable and sensible that the sacrifice should be shared.

The problem with the conservative consensus is that the wealthy should be exempted from sharing the sacrifice.

Let the conservatives here tell us what the wealthy's share of the necessary sacrifice should be...

...they will either not answer, or claim that the wealthy shouldn't sacrifice anything.

THAT is class warfare.

Shared sacrifice. Liberals invented this bullshit term to represent their desire for equal misery.

 

[georgephillip]

George "thinks" eeeevil rich people hold a gun to your head and force you to buy stuff from them.


George is an idiot.

Agreed. That's the mentality of anyone who whines about the rich "paying their fair share." As if the tics on society are entitled to anything the rich have.

The rich are the tics.
Like you.
Stupid.

 

[Toddsterpatriot]

As I understand it, the luxury tax you refer to worked about as well as the Bush tax cuts.

All that shows is that you don't understand jack.

If it's true that only the USSR lost as many jobs in a single decade (its last, btw) than we lost between 2001 and 2010, is it possible technology has reached a level where capitalism can not provide jobs to all who need one?

No, it's only possible that the fascist agenda of the Democrat party doesn't provide jobs to all who need one.

How many jobs did Bush create between 2001 and 2009 IN THIS COUNTRY?

About 1.1 million.
How many did Obama create (not save, LOL!)?

 

[thereisnospoon]

I have no problem with rich folks.

Wish we had a whole slew more of em.

Since they pay around 60% of the Fed taxes in this country, the more the merrier in my book.

As for fairness, well we have 50% of the folks in this country who pay no Fed taxes whatsoever.

Let let them suck it up and contribute to the cause. Fair is far after all and fair seems to be the word of the day for some folks.

Those are mostly low to moderate income households with children. You want to raise their taxes ONLY.

See what I mean about conservatives?

That is thr most intelligent thing a liberal has ever stated.
Yes, those who use the most services from government should at least pay for some of them.
This is the notion that begets the concept of a flat tax.
That everyone pays 15% of their wages in federal income tax.
No deductions of any kind. NONE.
There must of course be an exemption for low income people.
That amount could be $35,000 for a person filing singly or $60,000 for a couple filing a joint return.
Ya know why this will never happen...The most equitable tax system? Because homeowners would go ballistic over losing their mortgage interest deduction.
Then there are those who think a couple who makes say $80k per year that would pay $12k per year in taxes is at a disadvantage because someone who makes $250k per year which leaves them with $212,500.
They would scream that it just isn't fair for someone to keep all that money.
Never mind that each of these couples earned the money. It's just that the amount looks so large.
Actually the $80k earning couple would only pay tax on $20k not the whole 80...And of course the couple at $250k would pay tax on $190k.....Based on the exemption mentioned above.
A flat tax would be perfect. The US Tax code could be whittled down to 10 pages. We could rid ourselves of thousands of government employees from the IRS and the bureaucrats and lawyers that oversee the US Tax Code.
We could save tens of millions of dollars annually by turning government employees into private sector employees.
Ok....Just woke up from the dream....

 

[thereisnospoon]

The question no one will answer is,

If sacrifice is necessary to fix the fiscal mess, why should the wealthy be exempt?

If fixing the problem is going to cost so and so making 40,000 a year, why shouldn't it cost so and so making 4 million a year?

Who said the wealthy should pay nothing? The top 2% of earners, those in excess of $250k per year already pay 3/4's of the federal tax burden.
Look, government takes enough. It is the people on Capitol Hill who should be required to live within their means. We've done our part. Let the politicians do their part.

 

[Chris]

400 individuals control as much wealth as 150 million Americans combined.

80% of the increase in income in the last 40 years went to the top 1%.

Reagan and Bush created 93% of the National Debt by lowering taxes for the rich. This effectively transferred 13 trillion dollars from the middle class taxpayer to the wealthy.

The wealthy have had their tax rate lowered from 26% to 17% in the last 17 years.

45% of Americans pay no federal income tax.

It is time to raise taxes on the rich.

 

[thereisnospoon]

The question no one will answer is,

If sacrifice is necessary to fix the fiscal mess, why should the wealthy be exempt?

If fixing the problem is going to cost so and so making 40,000 a year, why shouldn't it cost so and so making 4 million a year?

Here's why, you nattering nabob of nonsense:

New Yorkers are fleeing the state and city in alarming numbers -- and costing a fortune in lost tax dollars, a new study shows.

More than 1.5 million state residents left for other parts of the United States from 2000 to 2008, according to the report from the Empire Center for New York State Policy. It was the biggest out-of-state migration in the country.

The vast majority of the migrants, 1.1 million, were former residents of New York City -- meaning one out of seven city taxpayers moved out.

"The Empire State is being drained of an invaluable resource -- people," the report said.
getty images/nancyney

What's worse is that the families fleeing New York are being replaced by lower-income newcomers, who consequently pay less in taxes.

Overall, the ex-New Yorkers earn about 13 percent more than those who moved into the state, the study found. ...


Tax refugees staging escape from New York - NYPOST.com


If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. ~Ronald Reagan

Since the mid 2000's New Jersey has seen $70 billion in wealth leave the state. That's business and individuals. Main reason.....High taxes.
When government becomes dysfunctional and punishes wealth by confiscating it, people will vote with their feet.
Michigan, Illinois, Ohio, New York, New Jersey, Connecticut, Massachusetts...All of these states are losing wealth to other states because of confiscatory tax rates.

 

[thereisnospoon]

The lower and middle classes will pay if things like Medicare/Medicaid/Social Security are cut. That is their share of the sacrifice.

What is wealthy's share?

The wealthy pay more taxes than you do.

What's your point? The wealthy benefit more from government spending than I do.

How so?

 

[hellofromwarsaw]

"well we have 50% of the folks in this country who pay no Fed taxes whatsoever".

Pub BS. They pay no Federal Income taxes. But if you include payroll taxes and fees, they pay the same percentage of federal taxes as the rich.

"The top 2% of earners, those in excess of $250k per year already pay 3/4's of the federal tax burden."

They earn more than 75% of the income. The richest 400 FAMILIES make more than 60% of the country, a fine Pub mess after 30 years of Voodoo. You've swallowed all their BS spin and are a perfect dunce. tyvm

 

[Chris]

The Republicans want to eliminate Medicare, privatize Social Security, and eviserate the EPA.

They won't be happy until they have turned American into Dickinsean England.