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Thread: French court rejects 75 percent millionaires' tax

  1. #31
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    Re: French court rejects 75 percent millionaires' tax

    Quote Originally Posted by PeteEU View Post
    Of course it is fair... problem is right wingers look at the individual and not at society as a whole.. and that is one of their main problems when it comes to economic theory.... too much focus on the individual (the me me me me me me attitude) and not enough on improving society as a whole.
    When looking at actions being taken on others the correct course of action is to look at the individuals affected and how those individuals are being treated. When done the first thing you will notice is this money is being forcedly taken with no real regard to the wishes of the parties in play and what they desire. It is apparent that if this is to be tolerated it must be done equally across the board if we are to consider even for a moment fairness.

    Taxes are to fund the government, not equality and so there is no reason to even consider accepting the use of it for redistribution purposes. If the above purpose no longer applies as some believe than there is clearly no reason to maintain the practice.

  2. #32
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    Re: French court rejects 75 percent millionaires' tax

    Quote Originally Posted by PeteEU View Post
    Hey I understand where you are coming from and in principle I agree. The more money kept in peoples hands the better.. but I am also a pragmatic.. Society has agreed that certain thing we all join in to pay for.. that has to be funded and that is via taxes. The more funding need the more taxes are needed to be collected.. it is a fact of life.

    But let me put it this way..

    Person nr. 1 earns 50k a year and pays 50% in tax .. so has 25k to live off.
    Person nr. 2 earns 1 million a year and pays 15% in tax and has 850k to live off..


    Is that fair at all? Of course not. Not to mention that person nr. 1 is the huge massive majority of the population...

    So that is why in the progressive tax system, you say.. person 1 will only pay 25% in taxes and person 2 will pay 40%. That means that person 1 has far more to live off and person 2 might have less to live off, but it still is much much more than person 1 and more than enough.



    Dont you guys learn basic tax policy in school over there? You pay a higher percentage on the last dollar earned not on the whole income. That means you pay the same tax rates as everyone one else in the middle class for the first say 250k, but for all the money you earn over the 250k you pay a higher tax rate on that only. Hence the more you earn the higher the tax rate will be on the last part of the income, not all of it. That is how a progressive tax system works and it is by far the fairest and best way of doing things.



    Maybe in right wing media and blogs, but in the real world it is not false. That your last presidential candidate refused to release his tax returns and those he did release showed a tax rate of only 13%... shows that Buffet was right.
    Where does that happen? Sure as hell doesn't happen in The United States.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  3. #33
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    Re: French court rejects 75 percent millionaires' tax

    Quote Originally Posted by Mr.Nick View Post
    That is exactly correct... (In the US) with these "progressive" tax rate ideas a person making 240k a year would take home more than the person making 300k...

    That is dangerous, if you're a CFO of a small company then what is the purpose to ask for a raise? what is the purpose to aspire to make big money?? For a raise to even be worth it one would have to jump from 250k to 400 at least to have a significant take home. In what universe will a business do that - especially after how the government rapes their business.

    Basically Marxists (in the United States as well) are closing the door on wealth and destroying the desire to become successful by creating an atmosphere where doing such would be moot. Why go to school for 10 years when you can just work at Burger King?

    The progressive/socialist philosophy makes no Goddamn sense.
    Destroying ambition is the whole point.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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