1%'ers pay 24% of Federal Taxes

[Sean Renaud]

Not I, I do not have that fear. I just don't like wealth redistribution. I don't like it when a local gumint takes a persons property under eminent domain and then does nothing with the property to better the community. I don't like taking a inordinate amount of taxes from one group and giving it to another. I am not a liberal.

then you don't like society. It's fine but you should go live with the other savages because society is about wealth redistribution. Which is really a meaningless term these days.

One can only hope it gets improved upon in the next few years

Unlikely, it would be nice but it would be nice.

Well there ya go, grab your pitchfork and go storm the first wealthy persons house you see, get yours while you can.

It's not about that.

 

[Amberchgo]

It's the cognitive dissonance of the armchair reverse french revolutionary.

Let them eat cake, but NO HEALTHCARE!

The "proof" dickie Where's the proof?

 

[JohnnySavage]

A good example is the manipulation of the financial markets.

The very people who manipulated the markets and caused the latest crisis were given interest free loans. They then turned around and loaned that money out to the Proles at 29% interest on credit cards. They then paid back their interest fee loans and kept the money they made on the loan.

It was the same people that caused the problem, who benefited from it. They wrote themselves the deal.

 

[NeverEndingMe]

I just want to post here so I can come back when I'm less stupid and explain this to you. I can do that if I can click 'find more posts by Candicame" in my thingy.

imagine if your criminal ass, had to go to jail for the crimes you committed...or worse, had to get a job

 

[JohnnySavage]

...and the people stuck paying that 29% are saying Jamie Dimon deserves his $20 million salary.

It's mind-boggling.

 

[possum123]

Step back and take a look at what the U.S. has become. At one time it was a great country.
Today we have over half of the population taking money from the other half by force.
They are not satisfied. They want to take more from the people who worked for their money.
They do not have the balls to do it themselves. They want the govt. to steal even more from others so they will not have to get off their fat asses and work.

Maybe it is a good thing that the border is open. We need some people who are willing to work for a living.

 

[Sean Renaud]

Well that's one way or looking at it. Another is that an increasingly small have gathered the wealth into their hands and we have two options. Find a peaceful way to take some or wait until the rioting starts.

 

[NeverEndingMe]

Well that's one way or looking at it. Another is that an increasingly small have gathered the wealth into their hands and we have two options. Find a peaceful way to take some or wait until the rioting starts.

see, you have no "money" so you talking about this is pointless


you are a fuck up slacker

 

[richard_daily]

The "proof" dickie Where's the proof?

You provided it when you ducked my offer to meet you and let you "prove" that you are who you say you are...

Show and prove Ken, show and prove.

 

[richard_daily]

A good example is the manipulation of the financial markets.

The very people who manipulated the markets and caused the latest crisis were given interest free loans. They then turned around and loaned that money out to the Proles at 29% interest on credit cards. They then paid back their interest fee loans and kept the money they made on the loan.

It was the same people that caused the problem, who benefited from it. They wrote themselves the deal.

The wingnuts don't see anything wrong with that kind of theft...

 

[possum123]

Well that's one way or looking at it. Another is that an increasingly small have gathered the wealth into their hands and we have two options. Find a peaceful way to take some or wait until the rioting starts.

Might think about getting a job. It is much safer and could actually make you feel good.

 

[Sean Renaud]

Might think about getting a job. It is much safer and could actually make you feel good.

I have a job. My having a job will no no way change the ratio of wealth in this nation nor what history tells us must happen when it gets this out of whack. It's more than just not having money and stuff, it's also a lack of control over your life politically that comes when the power gets this concentrated.

 

[Mike_Yates]

It should be the other way around.

The wealthy should be 100% tax exempt.

 

[possum123]

I have a job. My having a job will no no way change the ratio of wealth in this nation nor what history tells us must happen when it gets this out of whack. It's more than just not having money and stuff, it's also a lack of control over your life politically that comes when the power gets this concentrated.

Do you think theft is the way to cure the problem?

 

[dg]

Frankly surprised the poor haven't begun killing the rich yet.

 

[possum123]

Frankly surprised the poor haven't begun killing the rich yet.

That would be sort of like killing the goose that laid the golden egg.
Most of the poor people are that way for a reason.

 

[Sean Renaud]

Do you think theft is the way to cure the problem?

The easiest way is to tax the wealthy and distribute the wealth around. Not enough to even things out, the goal isn't to have equal outcomes. The goal is amongst other things to get the distance from top to bottom lessened from where it is. There are tons of degrees between so poor you require government assistance to feed yourself and Lulz I can haz jet.

The best programs are widely disputed, I think a good start would be education, better infrastructure and some kind of jobs program. Why is it that the the military is the only thing we can really agree on? We need doctors, nurses and computer programmers. Is there an reason why we can't have some way of getting people into those positions?

Frankly surprised the poor haven't begun killing the rich yet.

That would be sort of like killing the goose that laid the golden egg.
Most of the poor people are that way for a reason.

Except it wouldn't be. The goose in this case has gotten into the habit of eating the eggs and expecting us to be happy with whatever it drops.

The reality is that for the most part Americans are a combination of stupid, fat and happy and aren't quite ready for any major step. You can look around the rest of the world though and see other nations that aren't as blessed as us (the middle east for example. If you think those people are tired of Islam and not tired of being hungry you're not paying attention) or in the case of Europe simply less tamed to their overlords.

For the most part throw us the occasional Iphone, a bottle of beer, rub our tummies and tell us to work harder and we'll bend over backwards to accomodate the deep rectal plumbing you're giving us.

 

[Mike_Yates]

Here is some good info to explain the widening gap between the haves and the have nots.

http://en.wikipedia.org/wiki/Social_Darwinism

 

[SgtSpiderMan]

I am all for a national sales tax. It will bring all of those folks who are not paying taxes into the system.

I'd love to not pay taxes. Please explain how I could do this.

 

[mikey2much]

In the sixties the top rate was 95%

But it was seldom collected. The tax rates were used to force the rich to invest in certain ways to avoid the high rate. For instance they might give tax breaks for buying city bonds or state bonds, or they might tax at a higher rate money invested overseas. I forced the rich to let all of us share a bit of the wealth without taking from the pockets of the rich. The tax rates forced the rich to do the right thing.

 

[Sean Renaud]

Yep and those investments actually worked and for a long time we had a robust middle class.

 

[mikey2much]

The tax rates and the import export taxes

Between the two of them were the underpinning of our country. The tax rates controlled where the rich put their money and the import taxes protected american workers. The tax on money leaving the country stopped the rich from moving their assets out to international tax havens.

 

[ishtat]

read the OP
read this
those with 48% of the wealth only pay 24% of the taxes.
oh how they suffer

Taxes Dolf, are largely (there are some exceptions) levied on income or expenditure. The wealth comparasion is meaningless unless you subtract the liabilities and examine the net tax paid on the income derived from the wealth.

I would be one of the 1% albeit at the bottom end with modest to middling business interests in Hong Kong, UK, USA, and Australia. When any particular jurisdiction gets its tax rates out of line with others its a simple matter to not take income in that jurisdiction and increase the capital value of the asset instead.

The greatest tax heist of recent years was when the UK Labour government introduced what was essentially a super tax on the profits of pension funds. The retirement incomes of future, largely middle and lower income people were thus hammered by a profligate Chancellor (Gordon Brown)

The fundamental problem is not to collect more tax but to stop governments spending so much money. With a UK top income tax rate hovering around 50% and the consumption tax at 22%? there is no room to move. If the former is increased, top raters will pay less tax by putting their money into capital assets, and if the latter is increased you will have fuelled inflation.

Government has to be reduced in size.

 

[richard_daily]

Do you think theft is the way to cure the problem?

Theft IS the problem... Theft of wealth from the poor and middle class. Why are you having trouble seeing the cause of income inequality? What is it that is hardwired into your brain that prevents you from understanding?

 

[richard_daily]

Government has to be reduced in size.

Agreed. And at the same time, the rich have to be reduced in size.