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Senate fails to advance Buffett rule

muciti said:
Creating a flat tax does not cause any wealth inequality. If anything it does the exact opposite.
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Totally false, a lowering of taxes on the top with an increase on low wage earners will increase the wealth gap.

You have nothing to base your claim on.
 
Gimmesometruth said:
So does that change in any way your previous belief about the tax ideas of today's Dem and Kennedy Dems?
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Don't think I posted anything other than - "The Libby/Demos of today are not Kennedy Democrats". So I don't know where you have me talking about "tax ideas of today's Dem and Kennedy Dems".


You must have been reading someone else's posts.
 
Gimmesometruth said:
Obviously, he would not join the GOP now. They were good with 70% top marginal rate then. Now you guys are talking about 15%.
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Again, I haven't posted anything about "15% taxes" or "70% top marginal rate".


Although I did post JFK would probably be a Repub today.


Seems there are a great deal of folks posting about % and rates.
 
Gimmesometruth said:
Totally false, a lowering of taxes on the top with an increase on low wage earners will increase the wealth gap.

You have nothing to base your claim on.
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Very few people in this country actually pay 30% in taxes on their total income. What I want to see happen would have almost everyone paying more. You, and some others, think a flat tax would be lowering it for the wealthy. That is completely insane. Aside from people who pay nothing in taxes, the wealthy pay the lowest rates on their total income. Many of them dont even pay 30% on their adjusted income.
 
Billy the Kid said:
Don't think I posted anything other than - "The Libby/Demos of today are not Kennedy Democrats". So I don't know where you have me talking about "tax ideas of today's Dem and Kennedy Dems".


You must have been reading someone else's posts.
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Oh, you have once again a failure of your memory and a context failure.

You were commenting on the tax rates of Kennedy, trying to make it a supply-side argument, I showed you that his tax policies were demand side actions. You thought you could make the dems of today look like they are in opposition to Kennedy...but they are not.

You are not reading your own posts....or you don't remember what you were posting about...either way, it is your error compounded.
 
A flat national sales tax would tax 80 to 100% of middle class income because they spend 80 to 100% of what they make.
it is the opposite of what we need to have a healthy economy. Without a healthy growing economy revenues will decrease and the debt will increase no matter what we do.
 
muciti said:
Very few people in this country actually pay 30% in taxes on their total income. What I want to see happen would have almost everyone paying more. You, and some others, think a flat tax would be lowering it for the wealthy. That is completely insane. Aside from people who pay nothing in taxes, the wealthy pay the lowest rates on their total income. Many of them dont even pay 30% on their adjusted income.
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looks like you were arguing for 15%:

Samhain said:
So charge everyone a flat rate. 15% gets you about 1.3 trillion straight up revenue.
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muciti said:
Thats what I have been saying for years and multiple times in this thread.
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Regardless of what flat rate you want to charge EVERYONE, a flat tax INCREASES the WEALTH INEQUALITY in a state. I just got done showing you that with the minor progressive levels we have now has caused GREATER wealth inequality than what we experienced when the top marginal rates were higher.

You still won't show any evidence that a flat tax reduces wealth inequality.
 
Tettsuo said:
Of course it does. As the tax rate for the rich began to fall, the wealth gap increased.
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And more importantly the economy and growth stagnated. No period in modern history had slower growth than after the Bush Tax cuts.
And even more telling is that no period had faster growth in all areas than after Clinton raised taxes on the top bracket. Raising taxes on the top bracket increases growth in wages, investment and consumer spending and the opposite does the opposite. Which is preferable?
 
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Gimmesometruth said:
looks like you were arguing for 15%:



Regardless of what flat rate you want to charge EVERYONE, a flat tax INCREASES the WEALTH INEQUALITY in a state. I just got done showing you that with the minor progressive levels we have now has caused GREATER wealth inequality than what we experienced when the top marginal rates were higher.

You still won't show any evidence that a flat tax reduces wealth inequality.
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Clearly you are not reading my posts. Go back and read buddy. I have been saying 30% across the board repeatedly.
 
muciti said:
A key to a healthy economy is generating money via taxes. How is this that hard to understand?
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You don't understand that wealth inequality creates an unhealthy society.
 
muciti said:
I cant read that.
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Then go to the source. I now know that you did not read the NYT article I linked to.

Are you every going to show the a flat tax reduces wealth inequality?
 
iguanaman said:
A flat national sales tax would tax 80 to 100% of middle class income because they spend 80 to 100% of what they make.
it is the opposite of what we need to have a healthy economy. Without a healthy growing economy revenues will decrease and the debt will increase no matter what we do.
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The majority of the middle class already pays closer to 30% than any other class in our country. The only thing putting a flat tax in place would do would bring the other classes closer to what they middle class already deals with. The revenue they are spending would barely be affected.
 
muciti said:
Clearly you are not reading my posts. Go back and read buddy. I have been saying 30% across the board repeatedly.
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Repeat....
Regardless of what flat rate you want to charge EVERYONE, a flat tax INCREASES the WEALTH INEQUALITY in a state. I just got done showing you that with the minor progressive levels we have now has caused GREATER wealth inequality than what we experienced when the top marginal rates were higher.
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Gimmesometruth said:
You don't understand that wealth inequality creates an unhealthy society.
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You are failing to explain how a flat tax would create any type of wealth inequality. Until you can do that, your are arguing something that isnt being said. If anything a flat tax would bridge that gap.
 
muciti said:
You are failing to explain how a flat tax would create any type of wealth inequality. Until you can do that, your are arguing something that isnt being said. If anything a flat tax would bridge that gap.
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I have many times already said to you that even with the progressive system we have now, we are experiencing GREATER wealth inequality, it is worse that when the progressiveness was GREATER. Your argument is that a flat tax would be better at counteracting wealth inequality even though it flies in the face of our own experience and the experience of the rest of the world. I gave you a NYT article addressing this very point...and you won't read it.

And after repeated requests to provide anything showing your claim that it would decreases wealth inequality, you show NOTHING....while requesting that I prove my point....when I already have.

Do you really think those in favor of a flat tax want to implement it to DECREASE their wealth inequality? Forbes?
 
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