Rustic
Diamond Member
- Oct 3, 2015
- 58,769
- 5,894
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- Banned
- #341
Someone has to pay for these things, most likely people that cannot afford them. Because they are forced to pay for shit they will never use and nor benefit from… Socialists are the most retarded of peopleWealthy people don't rent seek (according to Wiki's description) They always invest their profits for more profits.
Want to make tax rates back to the 1950's? Go right ahead, and watch those rich people leave the country like so many have already. When they take the jobs with them, don't complain.
Back in the 1950's, there were few countries to take your business to. Travel was more dangerous than it is today because we didn't have satellites in the universe telling you weather conditions. If you did leave, you still had to conduct meetings with your heads of staff. But it didn't make sense to move your business because back in the 50's, people in other countries made the same as US workers; or close to it.
Today is different. Today, travel is much safer. You can take your company elsewhere, and track your other investments on your cell phone. Meetings? All done on the internet today. Labor? One-fifth of the cost of US labor.
As to your one-state theory: If the tax rate were 0%, the federal government would collect 0 dollars. If the tax rate were 100%, the government would still collect 0 dollars, because who would be stupid enough to invest or work?
WTF you mean wealthy people don't seek rents? What do you call political contributions? Jesus, the only money DeVos has ever invested was in seeking rents. And the Koch's, they spend hundreds of millions of dollars SEEKING RENTS. Jesus dude, wake up and smell the coffee.
Come on, do you hit the cap on Social Security taxes? If not, why do you have to pay Social Security taxes on every dime you make and the wealthy don't? And just how much long term capital gains do you claim? Does it make any sense at all that unearned income is taxed lower than earned income. Damn, unearned, earned---WTF, it should be obvious.
And that definition of rent seeking, it is income THAT IS NOT EARNED. Again, WTF. Funny, you are really pissed at the food stamp beneficiary spending money he doesn't earn, but the wealthy claiming millions and millions in UNEARNED income and paying a lower tax rate than your hard working ass, you just bend over and ask for another. It pisses me off and talk about being penny wise and pound foolish.
In my opinion, what a person makes is their business--not societies. How they spend that money is their business too since it is their money.
When somebody is spending my money, that is my concern. Why? Because I go out and work for it every day, that's why.
If you put high taxes on capital gains, less people will invest in capital gains. That's the whole idea. We need those rich people monies to support our stock market and other capital investments because in the end, it benefits us all.
Long term capital gains? Let me ask, do you own a house? Because if you do, you have a long term capital gain? Tax break? Unless they changed the laws, you don't have to pay taxes on the first home you buy once you sell it at a profit. It doesn't have to be the first home either. You can choose any house you like if you plan on moving around quite a bit.
And where is your retirement account? Mine is in the stock market like most people. I am hoping for a great return in a few years once I'm out of the workforce and retired. To get that return, I need to see the market grow. To make the market grow, I need people to get that lower tax so they will pump that money into the market.
Wealthy people don't rent seek (according to Wiki's description) They always invest their profits for more profits.
Want to make tax rates back to the 1950's? Go right ahead, and watch those rich people leave the country like so many have already. When they take the jobs with them, don't complain.
Back in the 1950's, there were few countries to take your business to. Travel was more dangerous than it is today because we didn't have satellites in the universe telling you weather conditions. If you did leave, you still had to conduct meetings with your heads of staff. But it didn't make sense to move your business because back in the 50's, people in other countries made the same as US workers; or close to it.
Today is different. Today, travel is much safer. You can take your company elsewhere, and track your other investments on your cell phone. Meetings? All done on the internet today. Labor? One-fifth of the cost of US labor.
As to your one-state theory: If the tax rate were 0%, the federal government would collect 0 dollars. If the tax rate were 100%, the government would still collect 0 dollars, because who would be stupid enough to invest or work?
WTF you mean wealthy people don't seek rents? What do you call political contributions? Jesus, the only money DeVos has ever invested was in seeking rents. And the Koch's, they spend hundreds of millions of dollars SEEKING RENTS. Jesus dude, wake up and smell the coffee.
Come on, do you hit the cap on Social Security taxes? If not, why do you have to pay Social Security taxes on every dime you make and the wealthy don't? And just how much long term capital gains do you claim? Does it make any sense at all that unearned income is taxed lower than earned income. Damn, unearned, earned---WTF, it should be obvious.
And that definition of rent seeking, it is income THAT IS NOT EARNED. Again, WTF. Funny, you are really pissed at the food stamp beneficiary spending money he doesn't earn, but the wealthy claiming millions and millions in UNEARNED income and paying a lower tax rate than your hard working ass, you just bend over and ask for another. It pisses me off and talk about being penny wise and pound foolish.
In my opinion, what a person makes is their business--not societies. How they spend that money is their business too since it is their money.
When somebody is spending my money, that is my concern. Why? Because I go out and work for it every day, that's why.
If you put high taxes on capital gains, less people will invest in capital gains. That's the whole idea. We need those rich people monies to support our stock market and other capital investments because in the end, it benefits us all.
Long term capital gains? Let me ask, do you own a house? Because if you do, you have a long term capital gain? Tax break? Unless they changed the laws, you don't have to pay taxes on the first home you buy once you sell it at a profit. It doesn't have to be the first home either. You can choose any house you like if you plan on moving around quite a bit.
And where is your retirement account? Mine is in the stock market like most people. I am hoping for a great return in a few years once I'm out of the workforce and retired. To get that return, I need to see the market grow. To make the market grow, I need people to get that lower tax so they will pump that money into the market.
The food stamp beneficiary is no more spending your money than your barber. Come on, it is not a hard concept to understand. Once you turn over your tax money to the government, IT IS NOT YOURS ANYMORE, just like when you turn your money over to your barber, IT IS NOT YOURS ANYMORE.
But to the stock market. That is not investing. It is saving.
If you buy a lawnmower and use it to mow people's yards, you are investing. But, if you buy a piece of paper giving you ownership in someone's lawnmower, you are saving. You don't expect to go out there and mow yards. You expect to sell that piece of paper to someone else in the future. The dude doing the work, the one with the lawnmower, he never sees any of the money as that paper is transferred from individual to individual.
Dude,don't you drive a truck? You do not need people to pump money into the market. You need people to BUY THINGS and MAKE THINGS. When billions of dollars are tied up in the stock market, when the markets "capitalization" grows, it does not result in any production. In fact, it does the exact opposite, as more and more people put money into the market that could either be used to purchase goods, DEMAND, or produce goods, SUPPLY.
And funny thing about your retirement account. It is in the stock market. When you take it out, do you pay income taxes on it or capital gains? You pay income taxes on it. But the wealthy people, the people that put in non-qualified money, they pay capital gains. So even when you try to play their game, you still get screwed. Honestly, unless you have some huge employer match, placing money in a qualified retirement account is a sucker's bet that creates a tax bomb.
Now, I hope we can agree that since 1980 the economy has kind of sucked for working people like you. The vast majority of wealth creation has went to the upper one percent, most of that to the upper one tenth of a percent. In 1980 the total market capitalization, that is the total value of all stocks, was 40% of GDP. Today it is 140%. You need the market to grow like you need a hole in your head.
Really? I just got my bi-weekly statement today on my retirement plan, and I'm more than delighted.
Our tax dollars go to the federal government. We hire and elect representatives to spend that money. Our representatives promise to spend it a certain way. If what they say they will financially support goes along with your wishes on what the government spends money on, you elect that person to office. That's how you have some control over what your tax dollars are spent on.
So I elect representatives that have my concern about my money not going to people that didn't earn it nor deserve it.
You see the difference between my barber and the food stamp lady is if I don't like the way my barber cut my hair, I don't pay him any longer. I go to a new salon who will earn the money I give them. Also I'm not forced to pay my barber. I can cut my hair myself or maybe have a family member cut my hair. With taxes, you have no choice to spend your money because they forcefully take it from you. It's the same way with electing representatives. If I don't like the way they spend my money, I hire somebody who will spend my money the way I approve of.
I agree with what you are saying here about electing representatives. But your revulsion to the "low-life" at the grocery store is totally misplaced. He is not the one to blame, the government is the one to blame. It's that cognitive dissonance thing again. When Donald Trump proclaims he pays little to no taxes, you applaud it. When Warren Buffet says he pays only what he has to because that is his responsibility to his shareholders, you applaud it. So I have to ask, if you are a single mom with limited income eligible for food stamps--shouldn't you get them. It not that your responsibility to your kids? You are condemning these people for doing what they SHOULD DO.
And actually, there is something you can do about paying taxes. If you don't like paying them, don't work. It is really pretty simple. If you don't like being a taxpayer, then become one of those low-lives. Collect those rich food stamp benefits. Live it up.