View Poll Results: Do The Rich Need Saving?

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  • Yes

    7 10.00%
  • No

    59 84.29%
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    4 5.71%
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Thread: Do The Rich Need Saving?

  1. #211
    warrior of the wetlands
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by DemonMyst View Post
    Turtle.. Actually it is you that simply has no credible position period..

    If the top% account for almost have of the nations wealth and incomem.. Then why is it wrong to expect the top 1% to pay the most in taxes?? If the bottom 45% of the nation accounts for less than 1% of the wealth and income.. .02% to be exact.. Why on earth should they pay more taxes than the rich?? The rich better pay more, they make more.. It is simple math..

    So let me ask you this?? Are you rich?? Or do you just like bending over and spreading them for the government and the rich??

    So?? Please explain why the poor or middle class should pay more taxes than the rich??



    the middle class don't pay near as much federal income tax as the rich and they use far more government services.

    the top 1 percent makes 22% of the income tax yet they pay 40% of the income tax. that is the LARGEST GAP in the world

    most other countries with higher marginal rates also tax everyone else more so the top one percent in most euro countries pay about the same share of the taxes as their share of the income. Our top one percent pay ALMOST TWICE the income tax burden as their share of the income

    IT IS INCOME TAXED in the USA not wealth so whining about wealth is DISHONEST



  2. #212
    Disappointed Evolutionist
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by TurtleDude View Post
    uh and that is a lie. the top 5% pay more federal taxes in actual dollars than the rest of the country
    I was referring to a percentage rate difference as before.

    "The vast majority of Americans can't afford to pay more. Despite an economy that's twice as large as it was thirty years ago, the bottom 90 percent are still stuck in the mud. If they're employed they're earning on average only about $280 more a year than thirty years ago, adjusted for inflation. That's less than a 1 percent gain over more than a third of a century. (Families are doing somewhat better but that's only because so many families now have to rely on two incomes.)

    Yet even as their share of the nation's total income has withered, the tax burden on the middle has grown. Today's working and middle-class taxpayers are shelling out a bigger chunk of income in payroll taxes, sales taxes, and property taxes than thirty years ago.

    It's just the opposite for super rich.

    The top 1 percent's share of national income has doubled over the past three decades (from 10 percent in 1981 to well over 20 percent now). The richest one-tenth of 1 percent's share has tripled. And they're doing better than ever. According to a new analysis by the Wall Street Journal, total compensation and benefits at publicly-traded Wall Street banks and securities firms hit a record in 2010 - $135 billion. That's up 5.7 percent from 2009.

    Yet, remarkably, taxes on the top have plummeted. >From the 1940s until 1980, the top tax income tax rate on the highest earners in America was at least 70 percent. In the 1950s, it was 91 percent. Now it's 35 percent. Even if you include deductions and credits, the rich are now paying a far lower share of their incomes in taxes than at any time since World War II.

    The estate tax (which only hits the top 2 percent) has also been slashed. In 2000 it was 55 percent and kicked in after $1 million. Today it's 35 percent and kicks in at $5 million. Capital gains - comprising most of the income of the super-rich - were taxed at 35 percent in the late 1980s. They're now taxed at 15 percent.

    If the rich were taxed at the same rates they were half a century ago, they'd be paying in over $350 billion more this year alone, which translates into trillions over the next decade. That's enough to accomplish everything the nation needs while also reducing future deficits.

    If we also cut what we don't need (corporate welfare and bloated defense), taxes could be reduced for everyone earning under $80,000, too. And with a single payer health-care system - Medicare for all - instead of a gaggle of for-profit providers, the nation could save billions more."

    Why We Must Raise Taxes on the Rich
    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

  3. #213
    warrior of the wetlands
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by DemonMyst View Post
    You think there is a difference between a rich person and a rich company?? Now wonder you have no clue what your talking about..
    That is so stupid I cannot believe you said it

    the owners of GE Stock all pay taxes on the dividends

    who owns GE btw?



  4. #214
    warrior of the wetlands
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    Re: Do The Rich Need Saving?

    I want some proof that 47% of the country-cannot pay any more taxes. I want proof that the 60% who use more government than they pay for cannot pay anymore. If you have a color tv or a cell phone you can pay more

    and if you truly cannot pay anymore you have zero credibility demanding others should pay even more taxes



  5. #215
    Educator DemonMyst's Avatar
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by TurtleDude View Post
    That is so stupid I cannot believe you said it

    the owners of GE Stock all pay taxes on the dividends

    who owns GE btw?
    So your saying that all the taxes a publically owned company has to pay is the taxes on the dividends it pays out?? And you think what I said was stupid??

  6. #216
    warrior of the wetlands
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by DemonMyst View Post
    So your saying that all the taxes a publically owned company has to pay is the taxes on the dividends it pays out?? And you think what I said was stupid??
    I didn't say that-you are confusing corporations with PEOPLE try again



  7. #217
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by TurtleDude View Post
    If you have a color tv
    My old man and some his buddies do a secret Santa thing for the poor in this neck of the woods. And you know what we have donated brand spakin' new TVs. Maybe the kids can watch Sesame Street or something like that.

    or a cell phone you can pay more
    A cell phone can come in handy to call 911 or get a call from a potential employer.

  8. #218
    warrior of the wetlands
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by winston53660 View Post
    My old man and some his buddies do a secret Santa thing for the poor in this neck of the woods. And you know what we have donated brand spakin' new TVs. Maybe the kids can watch Sesame Street or something like that.



    A cell phone can come in handy to call 911 or get a call from a potential employer.
    Nice attempt at diversion. I want you all to prove that the only people who can afford more income taxes are those who already pay by far the most



  9. #219
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by TurtleDude View Post
    Nice attempt at diversion. I want you all to prove that the only people who can afford more income taxes are those who already pay by far the most

    The people that gain the most can pay the most. Already from your posts we have determined the disproportion of income for the top 1% getting 22% of the pie where as the other 99% get a lesser % than 99%

  10. #220
    Educator DemonMyst's Avatar
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by TurtleDude View Post
    I want some proof that 47% of the country-cannot pay any more taxes.
    Sure.. Live in poverty.. Live in an apartment living payday to payday.. Live off of Top Romen and $.59 boxes of macacroni and cheese.. Don't by clothes for the next 5 years, do all your shopping at a St. Vincent De Paul or some other organization that sells used clothing for dirt cheap.. Pray your apartment complex doesn't raise your rent this year because you haven't seen a raise in almost 5 years.. If you have seen a raise it is minimal.. Maybe a few cents an hour..

    Do you have any idea what it is like to live in poverty?? Can't afford a car or the gas and insurance to go with it.. Can't afford cable television or internet..

    .02% is nothing when when you have to share it with 45% of the working people in this nation.. So why don't you explain to me and the rest of us how they can afford to pay any taxes at all.. When was the last time minimum wage was raised?? Wages have been stagnant for the passed 5 to 8 years.. Rich are getting rich, but no money is trickling down.. Where are the jobs, where are the higher wages, where is all this money that is supposed to trickle down??

    That is what you conservatives don't get.. It doesn't work that way.. You need to inject massive amounts of money into the lower classes and money will trickle up.. Money also ways flows up.. We just need a good mechanism to insure it flows back down as well.. Otherwise you end up with the situation we have now.. A very small few controlling the lions share of the money and the wealth, and almost everyone else scrambling for the scraps that are left over..

    Who Rules America: Wealth, Income, and Power

    That needs to change.. I don't care if you call it taxes or what.. But we need a MASSIVE redistribution of wealth the other direction for a change.. It is time the richer stopped getting richer for a awhile and we shared more of the pie with everyone else.. Of course what most people don't realize is that when everyone else is richer, a lot more money will be spend on goods, and guess what?? The rich get richer again.. Funny how that all works..

    So don't worry about the taxes for the rich.. If they don't like paying high taxes, I am sure there is some poor folks who would love to switch places with them.. While I am not poor, I would love to be rich and I would gladly pay the taxes that went with it.. It would sure beat being poor.. Hell, it would beat being in the middle class even..
    Last edited by DemonMyst; 07-28-11 at 12:25 AM.

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