Last edited by Catawba; 11-22-11 at 03:50 AM.
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
Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.
Alexis de Tocqueville
Its just their way of saying... we admit that we havn't done a good job as a government... but you protesters are actually worse than us and therefore we still have the higher moral ground and be justified to violently stop you .
AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
Taxing one group of people more because we can and we want their money?WHY do the rich need to pay more in taxes? Because:
1. We need to raise more revenue, even if we cut spending dramatically;
Good 'ol penalize them for succeeding theory.2. The rich, unlike the poor and middle class, can pay higher taxes without suffering;
Irrelevant.3. The rich benefitted more than the poor and middle class from previous tax cuts;
I think most rich people have paid more in taxes than most.4. The rich are paying at very low rate relative to rates over the last 80 years;
The rich have prospered because people keep giving them money.5. The rich have prospered over the last 30 years while every other group has lost ground or marched in place.
Bottom line is here is you think the rich should be forced to fund everything because they are successful. That doesn't make them responsible for you, or anyone else. Would you like it if the majority of your money was taken from you and you were forced to feed my kids just because you could afford to do so? Taxing any class or group of people differently than any other group is wrong. Would you feel better if the rich were taxed at 60% while the poor were taxed at 0%? How is that fair? Aside from cutting costs and things, this is the mentality that drives the rich out of our country. This is why more and more corporations are headquartered in Ireland and other places. If they want to be here in America they are forced to deal with ideals like this. What ever happened to equality? Or is it just equality unless your doing better than me?
Taxing someone who is struggling to put food on the table, versus someone who doesn't think twice about eating at a four star restaurant every night -- is wrong. Even the rich will tell you that.
I see no evidence that the rich are being driven out of this country. In fact, living in Miami, I see a lot of uber rich foreigners buying up real estate and moving here.
Corporations moving offshore is a separate question. btw, how did having those super low tax rates work out for Ireland?
We do need more revenue but taking it unjustly just because someone has it and we can is wrong. No more than if I take your extra food and give it to my kids. There are better ways to make money for our country. Ways that are much more fair. The majority of people in this country pay no taxes at all. That should change. Everyone, no matter how rich or poor, race, religion or anything else should be paying the exact same % in taxes. If our government needs money it needs to cut spending. I don't even mean social or welfare programs. Our government blows so much money its mind boggling. Not to mention the money it gets milked out of. As far as making money, create tax payers. And by that I mean jobs. Businesses. Get more people off of welfare. Increase tourism to the United States and let more of that money we are sending out come back in. There are alot of ways to help fix our problems, stealing from the rich is not a solution. You don't penalize someone for being successful. That is not going to work, it never will.
I through together a chart showing the increase or decrease of tax burden on different economic groups. The groups are broken into quintiles (20%). It shows that we are putting a increase on the top 20% for the last 20 years to pay more of our taxes, while the bottom 80%'s share is going down.
share of federal tax.JPG
Data is from the CBO. http://www.cbo.gov/publications/coll...ity_shares.pdf
"We ain't a sharp species. We kill each other over arguments about what happens when you die, then fail to see the ******* irony in that." - Justin Halpern
Now, if you want a flat rate I could go for that ... if it was a flat property tax rather than a flat income tax. See, what you miss in your "fairness" analysis is that a middle class person who pays at a 17% rate is actually being taxed at close to 100% of his DISPOSABLE income, whereas a rich person being taxed at a 22% rate is being taxed at 22% of HIS disposable income. Does that seem fair?