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The point you (and others) overlook is no one has advocated "equality" with regard to income or assets. No one!Equality can only exist in a totalitarian oppressive society. Freedom and equality cannot exist together.
There can be no equality without an overriding power to force equality. Freedom means the ability to succeed or fail on one's own merit and abilities.
Right wing propagandists, however, have executed a tricky little paso doble by substituting the word "equal" for the word equitable, which means fair. Socialists are not communists. We are not opposed to wealth. But we understand the destructive potential of excessive wealth, such as we are witnessing today.
You may rest assured if the Framers of the Constitution, most of whom were themselves wealthy men, could have foreseen the Industrial Revolution and the consequent potential of the modern United States to generate massive revenues they would have included appropriate controls in the Document to preclude excessive accumulation (hoarding) and to ensure equitable distribution of that revenue -- all of which is generated by exploiting the Nation's material, administrative and human resources.
I'd like to know why the unequal distribution of wealth is a bad thing. This seems to be a major premise from those on the left, but it's like you just assume it's a bad thing without every really providing evidence or justifying the premise.
The tax system redistributes wealth....most of it to the rich.
How?
By taxing capital gains at a much lower rate than real work.
Capital gains should be taxed as INCOME.
Capital gains were taxed as income. BEFORE they saved the $ while most people spent it.
Capital is invested from THE SAVINGS PEOPLE MAKE.
And taxing them again is DOUBLE TAXATION.
And guess what MOE: if one loses $$ on their capital investments, they lost the $$ they saved which in most cases is their life savings, THE MONEY IS GONE and IRS only allows a 3k tax liability write off for 5 years on the losses.
Respectfully, you have no clue and should not post anything about capital gains here. You are uneducated as to the facts of the subject.
There should be zero taxes on capital gains. THAT MONEY HAS ALREADY BEEN TAXED ONCE.
The old bogus tax argument.
Guess what? Wages come out of the same net profit as capital gains.
So wages have already been taxed once as well.
Capital gains should be taxed as INCOME because they are INCOME.
Liberals hate CEOs that many times work 12 hour workdays sometimes every day of the week, yet they adore music and movie stars that get paid millions working sometimes less than 1 month a year for a movie that pays them $10M for "acting."
Liberals are just stupid people.
No, you are stupid.
A lot of CEOs are liberals
Buffett, Gates, etc....
I made 100K last year.
And tax policy distributes wealth.
Always has, always will.
Because not having money can kill children.
And yet here you sit on your very expensive computer with your very expensive high speed internet like a typical hypocrite liberal crying about "the children". Here's an idea - why don't you sell your computer, cancel your high speed internet service, and donate all of that money to "the children" Chris? It's a win-win. "The children" would have money for food and the world would not have to see your bullshit posts of lies and hypocrisy. Oh, that's right, you're a hypocrite liberal. That's why you won't do it. Silly me, forgot I was talking to a hypocrite liberal...
Why don't you shove it up your ass.
I work seven days a week to take care of my GF who has very serious and expensive health issues, so fuck you.
Demand creates jobs.
When more and more wealth is concentrated in fewer and fewer hands, demand dies.
Why don't you shove it up your ass.
I work seven days a week to take care of my GF who has very serious and expensive health issues, so fuck you.
And yet you openly advocate making the health care system worse. That's a little messed up.
The affordable care act is much better than what we have now. A public option would be even better.
Demand creates investment.
Demand creates jobs.
When more and more wealth is concentrated in fewer and fewer hands, demand dies.
There's plenty of demand in Africa. Where are the jobs?
Sorry.
Letting the idle rich pay taxes at a 17% clip is bad for our society.
That's why Buffett and Gates spoke out about it.
I guess you know more about business than Warren Buffett.
If all the money in the country was in the hands of one person, who would buy microsoft products?
The low capital gains tax rate encourages speculation and capital flight, not investment.
How did that speculation thing work out in 2008?
I'd like to know why the unequal distribution of wealth is a bad thing. This seems to be a major premise from those on the left, but it's like you just assume it's a bad thing without every really providing evidence or justifying the premise.
And here is the problem; those with the extreme wealth do not use that wealth to create more jobs as advertised. They do not do anything to help those in the middle or at the bottom to increase their wealth.
This bears repeating. NOBODY CARES.
Class envy. Nobody cares about this whiny assed shit.
Nobody? Are you claiming to speak for everybody? Or are you just on some sick ego trip?
Man up, and speak for yourself.
The low capital gains tax rate encourages speculation and capital flight, not investment.
