whysoserious
DP Veteran
- Joined
- Jan 25, 2011
- Messages
- 8,170
- Reaction score
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- Location
- Charlotte, NC
- Gender
- Male
- Political Leaning
- Liberal
How do the rich make their money off the BACKs of everyone else? You have a choice where to spend your money in the private
sector or not to spend it at all. By the way what do those evil rich people do with their money.
One person makes a business? Who mops the floor? The CEO? Who delivers the packages? Who makes the businesses run that these people make their money off of?
Those numbers come from the IRS and are accurate just like 47% of the income earners paying NO FEDERAL INCOME taxes. The Bush tax cuts are in effect and the rich pay a greater share of the taxes now than they did before and those 47% don't pay any federal income taxes.
And let's be honest... they can't afford to! Your numbers seem staggering until put into context!
The Tax Foundation - Summary of Latest Federal Individual Income Tax Data
The top one percent's adjusted gross income was higher than the entire bottom fifty percent combined. So you say 47% don't pay taxes, but if you add all of those people up they don't even combine to make as much as the top 1 percent.
If wages were corrected, this wouldn't be as much of an issue.
The top ten percent, by the way, earned over three times than that of the bottom fifty percent.
So while your numbers may seem shocking, these people are doing just fine. I am not sure what sympathy you are feeling for them, but they are making lots of money and things are just peachy.
Unfortunately Medicare and Social Security were put on budget and thus are part of the general revenue and being spent by Congress and the President ever since LBJ put SS on Budget. Medicare is part of SS.
This is unfortunate.
The point is what is the role of the Federal Govt? Federal Govt. today is 3.7 trillion dollars and has duplicate departments to the states and the question is why?
I personally enjoy what the federal government offers. Aside from the fact that I think the military probably has a lot of fat that can be cut, I think most of the nonmilitary discretionary spending has proven to be fairly efficient and worthwhile.
What I fail to understand is why conservatives are so hell bent on keeping things at the state level? If we are going to have the weakest federal government possible, why bother having one at all? Why not just be the States of America instead of the United States?
Give me a reason why? Give me any example of where govt. spending has solved a social problem, cost what it was supposed to cost? Why do you care what someone else pays in taxes?
I would say socialized medicine abroad. While I have read many studies that say it is inefficient, I have never spoken to a Canadian or an Englishman who wished their services were like ours. Now, my sample size is not huge, but it is certainly big enough for me.
Stop buying what this President tells you because he hasn't told the truth yet on any economic prediction. The GOP didn't have control of the House until January of this year and don't have to submit a budget until April. We are under the Democrat and Obama budgets in 2011 so where are you getting your information?
What? I am talking about the President's budget vs the budget put forth by the GOP a few months ago and supported by the GOP's top Republican on the Senate Budget Committee (Jeff Sessions). He supports the GOP plan to reduce spending by a billion per year for 10 years, but not Obama's plan for the exact same thing.
http://www.washingtonmonthly.com/archives/individual/2011_02/027991.php