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Thread: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

  1. #281
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    Quote Originally Posted by Catawba View Post
    Here's a hint: do the math on the difference between 25 millionaires volunteering to pay $5,000 more in taxes, and 3 million millionaires paying $5,000 more in taxes.

    Which would result in the most revenue, and be the most fair to all millionaires?

    You should be able to figure it out from there.

    Glad I could help!

    Most fair, eh? Cool. Let them vote. If a majority of millionaires want to pay more, this should be no problem.
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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Dickieboy View Post
    Please provide a source for the '3 million millionaires'. Or are those making above +/-$345k annually considered 'millionaires'?
    That number was a guess used to illustrate a math problem.

    According to Wikapedia: "The number of U.S. households with a net worth of $1 million or more, not including first homes, fell by 2.5 million to 6.7 million in 2008, according to the Spectrum Group report, as reported by Reuters."
    Millionaire - Wikipedia, the free encyclopedia.

    How does this change my point?
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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Keridan View Post
    Most fair, eh? Cool. Let them vote. If a majority of millionaires want to pay more, this should be no problem.
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    We are going to vote, in November of next year, and a majority of Americans agree that the tax breaks for the rich should be eliminated.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Catawba View Post
    That number was a guess used to illustrate a math problem.

    According to Wikapedia: "The number of U.S. households with a net worth of $1 million or more, not including first homes, fell by 2.5 million to 6.7 million in 2008, according to the Spectrum Group report, as reported by Reuters."
    Millionaire - Wikipedia, the free encyclopedia.

    How does this change my point?
    Oh, I'm sorry. I presumed you wanted to increase the INCOME TAX rate on these millionaires. By your response I now presume you are suggesting we come up with a 'WEALTH TAX'. Is this your idea or have you some source of those who are proposing such?

    Is this your point?

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    Quote Originally Posted by Catawba View Post
    We are going to vote, in November of next year, and a majority of Americans agree that the tax breaks for the rich should be eliminated.
    Of course they do. Because a majority of them aren't in that category. Honestly, I don't care nearly as much about their tax breaks as I do about scrapping the whole current tax code. Personally, I would love to see a tiered system with no deductions at all.

    My point is that these wealthy people do not speak for the group as a whole. I don't care for the OWS crowd pretending they speak for me with their 99% stuff either. Having government handle the situation is inefficient (at best), as well. If they want to create jobs, nothing is stopping them from doing it on their own. Because these few wealthy think it's a good plan does not make it immediately alright to tax all wealthy more.

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Dickieboy View Post
    Oh, I'm sorry. I presumed you wanted to increase the INCOME TAX rate on these millionaires. By your response I now presume you are suggesting we come up with a 'WEALTH TAX'. Is this your idea or have you some source of those who are proposing such?

    Is this your point?
    You presume too much. All we (the majority of the country) are talking about is restoring just a little bit of the progressiveness to our tax system that has been cut away over the last 30 years.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Keridan View Post
    Of course they do. Because a majority of them aren't in that category. Honestly, I don't care nearly as much about their tax breaks as I do about scrapping the whole current tax code. Personally, I would love to see a tiered system with no deductions at all.

    My point is that these wealthy people do not speak for the group as a whole. I don't care for the OWS crowd pretending they speak for me with their 99% stuff either. Having government handle the situation is inefficient (at best), as well. If they want to create jobs, nothing is stopping them from doing it on their own. Because these few wealthy think it's a good plan does not make it immediately alright to tax all wealthy more.

    Sent from my Transformer TF101 using Tapatalk
    What are you bitching about? You will have a clear choice in November if you want to continue with the trickle down economy that has been in place for the last 30 years, or if we want to restore some progressiveness to our tax system as our forefathers intended.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  8. #288
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    Quote Originally Posted by Catawba View Post
    What are you bitching about? You will have a clear choice in November if you want to continue with the trickle down economy that has been in place for the last 30 years, or if we want to restore some progressiveness to our tax system as our forefathers intended.
    I'm not "bitching" at all. I'm simply expressing my opinion. As for the rest of your comment ... well, I will make my choices in November. I stated my opinion.

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Catawba View Post
    You presume too much. All we (the majority of the country) are talking about is restoring just a little bit of the progressiveness to our tax system that has been cut away over the last 30 years.
    My previous presumptions were based on the lack of specificity in your posts. I understand THIS ONE. Now can you speak a little more specifically to your desire EMPHASIZING ON 'JUST A LITTLE BIT'? I noted your earlier attempt and found it somewhat short. 3 million millionaires pay $5,000 more will only increase revenue $15b. And as I'm sure you are aware of we have had annual deficits of around $1.5t.

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Catawba View Post
    We are going to vote, in November of next year, and a majority of Americans agree that the tax breaks for the rich should be eliminated.
    the parasite class always wants other to feed them



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