Yeah...I don't really feel like breaking out CAPM models and so on. We'll end the discussion here.
I don't know if you are wealthy, but I am not. I have laid out many times for all to see, that I am demographically solid middle class, two income below $100K. But if you are telling us that you are paying more than you are required to do, then good for you. I simply can not afford to do that, and to tell the truth, considering the way DC wastes money, I wouldn't.Seems you like using class warfare for the rich. And before you try another tired post suggesting I don't pay my fair share, I pay more than that but I'm not complaining like some whining ass baby like the right are.
However, the class warfare is not in advocating a lower tax burden in tough economic times, but in that argument that states that taxing the well off as a means to solve our problems without spending being addressed first, or that somehow the $80 bn per year would solve deficits of $1.4 tn is what class warfare looks like to me.
I agree that we live in the greatest country in the world, but if your argument of fair is stealing the wealth of the well off, to give to those who contribute nothing to the system then it isn't me that should be searching expedia my friend.We live in the greatest country in the world, even with the tax rates the way they are now, if you feel otherwise maybe you and others should consider moving to a more "fair" country. Don't let the door hit your ass on the way out!
I may be wrong.
The government rewards investments in this way, which is a direct result of risk. You have to incentivize it, or else the risk/reward ratio simply does not benefit the average investor.Originally Posted by Simon W. Moon
Our definitions of "marginally" differ greatly.
We can not expect universal agreement on anything.
Ain't that the truth....Lately I think if not only for the contrarian value of it.
••I'm trying to think of ANYTHING that EVERYONE has ever agreed on
When we vote, we are choosing the ones who make these decisions on our behalf. Some will agree and some won't.
Really? Why that's brilliant....I had no Idea....
••That's why they pay me the big bucks. Not just a genius but damn near a deity
There are many high income people who are comfortable with higher taxes and some who are vehemently opposed.
Well, let the high income people so willing to give others money away, stroke that check themselves...They can do so now you know....
••Would be nice if we could all pay our own chosen tax rates but lets stick to at least an element of realuty
By having a "government" we have delegated this authority, for better or worse.
Yep, and they are supposed to answer to us, not the highest bidder.
••Nobody agrees more that our politicians are corrupt and self-serving. They are secure in their positions. Congress approval rating = 10%. Incumbent re-=election rate = 90%. So which "us" are they answering to?
We can only hope that these powers will be used wisely.
You mean like when they ram through a trillion dollar stimulus that gets wasted on crony's and green energy pipe dreams, then laughed about later?
•• Definitely not a case of wisdom IMHO and it wasn't done by just one party, anymore so than say "The Patriot Act". This is the byproduct of corruption.
Definitely, they are usually used unwisely as far as I'm concerned but our social contract compels me to comply with these decisions.
No, there are remedies, but the most recent one, the stupidity won over the rational.
••Then it wasn't a remedy, was it? Also, I don't think we were offered much of a choice. One rock, one hard place.
n the case of the proposed tax modifications, I think you'll be surprised at the substantial percentage that will agree. INHO, the amounts involved can be described as unfortunate, but not catastrophic.
The level of catastrophe will be in the eye of the beholder....
••This beholder does not believe that an increase of 6.5% of income in excess of $250K will be only unfortunate, not catastrophic. When I see declamations like 100% tax I have trouble connecting the 2 concepts. I paid 40.5% throughout the Clinton era and survived it quite nicely.