Phoenix

I don't feel it's an unfair burden to ask everyone to participate in society. Every aspect of society including paying for it. If a person earns a dollar they pay X% to the government. Everyone pays the same percentage. NO deductions.

TurtleDude

Yes I worked hard and invested. You sound jealous. Also claiming something is proper just because it is in place is intellectually dishonest,


I think people should be able to opt out of the unconstitutional ponzi scheme known as the socialist security scam.

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LaMidRighter

[QUOTE] No, progressive taxation is NOT FAIR, it is a system that punishes entrepeneurship and hard work, you ARE PUNISHED economically for succeeding, in fact, if you can just barely break the government minimum wealth barrier but cannot pass it by enough in the gross pay column you are worse off than if you stayed in the middle class. How can you justify your opinion that this is fair? This is rich, a system that takes money to make money, so we should be happy that government insists on taking more money that is required to make more money. Again....Fair?, just? Proper? I guess you don't understand the principle of limited government, and maximum freedom, also, the current system is tantamount to theft. Worker revolt is easy, it's called a pink slip, plenty of less spoiled people would gladly replace someone for that position, reactionary populism is not related to capitalism, it's exploitative political thinking, rising crime, also easy, incarceration and more legal gun ownership, bye-bye bad guy. Lowering of skill levels? Dude, you cannot possibly believe that.....since unfettered capitalism REWARDS those who better themselves, it is overregulation and taxation that forces the lazier among us to sit back and settle for less, because it provides NO incentive to work harder, you just wait for the elected politicians and their thugs to take from others to subsidize those who DID NOT WORK FOR IT.

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UtahBill

not the same thing I was talking about....
investors in a PRODUCT are helping to produce...
investors in financial instruments are not...
The credit industry, financiers, have produced only one thing, debt.
Their friends on Madison Ave. encourage us to buy things we can't afford so that the credit industry on Wall st. can lend us the money so we can go into debt for things Madison ave tpes tell us we have to have to appear successful when we are not. Big circle jerk, and guess who is in the middle... Everybody wins, except the consumer....the poor dumb bastard consumer...

Also, we don't get much choice in investment vehicles with our IRA funds, the program as designed by congress (with input from wall st.) limits us as to where and how we can invest...
I am telling my kids to put the minimum into their IRA accounts, and put the rest into paying down debt...and keeping some readily available savings on hand in case they lose their jobs...

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Each generation should have more opportunities than the last, but not at the expense of the next.

Iriemon

Then its not a true flat tax.

Which proves my point that even the proponents of a "flat" tax recgonize the inequity of a true flat tax.

Like what facts?

Loopholes can be eliminated without a flat tax.

A tax code can be made so simple without it being a flat tax rate.

I certainly agree the tax code needs simplification.

Iriemon

Thanks for your opinion. Your proposal would certainly be a bane to the poorer but a boon to the rich. I disagree with your proposal for reasons stated, though many on this board shall your views.

Iriemon

Because a 20% tax on a family making $20,000 means they do without necessities. A 40% tax on a family making $20,000,000 means they just have a get a smaller yacht.

Conservatives argue that tax cuts incentivize working harder. Here you are arguing that lower taxes for the poorer forces them to sit back and settle for less. In lower taxes cause that reaction, then taxes should be raised for everyone. That will really make them work hard.

TurtleDude

No taxes on a family making 20K means that they have no incentive to vote for any politician who calls for less government spending and less tax hikes

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rsixing

No one is calling for the gov't to take 'all the earnings' away from the rich and redistribute it. What I've stated, clearly so I don't know how you have come to such a stilted assumption, is make more pay more and the ONLY redistribution of wealth that is and has been happening is the rich taking the money from the lower and middle class for decades.