View Poll Results: Does the average citizen harbor envy/jealousy, hatred for the extremely wealthy?

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  • Yes

    52 67.53%
  • No

    25 32.47%
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Thread: Does the average citizen harbor envy/jealousy, hatred for the extremely wealthy?

  1. #161
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    Re: Does the average citizen harbor envy/jealousy, hatred for the extremely wealthy?

    Quote Originally Posted by TurtleDude View Post
    that sounds good to people who don't understand investments or forget that anyone with a 401K or a pension is also an investor

    So implement some sort of a trickle up taxation policy

  2. #162
    warrior of the wetlands
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    Re: Does the average citizen harbor envy/jealousy, hatred for the extremely wealthy?

    Quote Originally Posted by winston53660 View Post
    So implement some sort of a trickle up taxation policy
    how about keeping the government out of things and let things settle as they may winners win, losers lose like it is in nature? In the course of human history, the unable and the untalented have never had it better



  3. #163
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    Re: Does the average citizen harbor envy/jealousy, hatred for the extremely wealthy?

    Quote Originally Posted by TurtleDude View Post
    how about keeping the government out of things and let things settle as they may winners win, losers lose like it is in nature? In the course of human history, the unable and the untalented have never had it better

    I don't think anarchy is all that great.

  4. #164
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    Re: Does the average citizen harbor envy/jealousy, hatred for the extremely wealthy?

    Quote Originally Posted by winston53660 View Post
    I don't think anarchy is all that great.
    hardly anarchy. what we had before welfare socialism. charities and families took care of those who couldn't. but they didn't have a means to vote away the wealth of those who were industrious and prosperous



  5. #165
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    Re: Does the average citizen harbor envy/jealousy, hatred for the extremely wealthy?

    Quote Originally Posted by TurtleDude View Post
    hardly anarchy. what we had before welfare socialism. charities and families took care of those who couldn't. but they didn't have a means to vote away the wealth of those who were industrious and prosperous

    Nah I'll pass on your romanticism:

    Does the average citizen harbor envy/jealousy, hatred for the extremely wealthy?-prod_879-jpg

  6. #166
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    Re: Does the average citizen harbor envy/jealousy, hatred for the extremely wealthy?

    Quote Originally Posted by winston53660 View Post
    Nah I'll pass on your romanticism:

    Does the average citizen harbor envy/jealousy, hatred for the extremely wealthy?-prod_879-jpg
    I don't worry about breaking my thumbs when I tie my shoes



  7. #167
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    Re: Does the average citizen harbor envy/jealousy, hatred for the extremely wealthy?

    Quote Originally Posted by TheDemSocialist View Post
    Sure people do.
    but i thinking raising their taxes still wont make the rich "suffer", and bring them down to the "terrible conditions" of us (the average citizen).
    Is the average citizen in terrible conditions?

    Please define terrible conditions as you used it please.

  8. #168
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    Re: Does the average citizen harbor envy/jealousy, hatred for the extremely wealthy?

    Quote Originally Posted by Mason66 View Post
    Is the average citizen in terrible conditions?

    Please define terrible conditions as you used it please.
    Only three color tv sets and the second car is used



  9. #169
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    Re: Does the average citizen harbor envy/jealousy, hatred for the extremely wealthy?

    Quote Originally Posted by TurtleDude View Post
    Only three color tv sets and the second car is used

    Oh noes poor people might actually find out about things like severe weather headed their away via TV.

  10. #170
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    Re: Does the average citizen harbor envy/jealousy, hatred for the extremely wealthy?

    Quote Originally Posted by teamosil View Post
    Again, that definition makes the concept useless. When evaluating how good or bad a tax is, this business about how the rates relate to the quantity of the thing the tax is applied to doesn't help us at all. I prefer the definition I posted because it yields useful information- a tax that is progressive by my definition placed more weight on rich people and less on middle class people. By your definition there would be no consistent correlation at all to be drawn, so I don't see why we would use such a definition.
    ...but my definition does place more "weight." The rich are paying a higher rate because they have more of the taxable asset. That you want rich people to pay a higher PORTION of their total income follows from...nothing, besides you wanting the rich to pay more.

    If they're already paying more cents per dollar than a poorer person on a certain tax, then why isn't that tax progressive enough for you? Why do they have to actually dedicate a higher portion of their TOTAL income to that tax?

    Quote Originally Posted by teamosil View Post
    So you are speculating that maybe property tax rates are higher in rich neighborhoods? I don't know whether that is true, but regardless, it would not be nearly enough to counteract the effect from the ratio of house value to annual income. For most middle class people the ratio of house value to annual income would probably be, what, like 6 to 1 or so average? For a billionaire, it would be what? Maybe 0.1 to 1 or something?
    Huh? Why does it have to "counteract" that? Taxes already work hand in hand with that.

    The P/E ratio of a house has nothing to do with millage disparity, and everything to do with the market price of housing. And I'm not speculating that property tax rates are higher in rich areas, because they definitely are. Check your county property appraiser. Also, I'd say the average middle class P/E ratio is more like 3 to 1, not 6 to 1.



    See? Even at its height it wasn't six.

    Quote Originally Posted by teamosil View Post
    I think the default assumption would be that it would be passed on. It is a condition that affects all sellers in the rental market. The market price would be cost (which would include property tax) + whatever profits they think they can get away with taking. If the cost go up $x for all of them, prices would generally follow. Could be the market would over or under correct a bit, but if you're contending that most of the cost ends up coming out of the landlord's profits, you would need a source for that because that is a pretty wild claim.
    Last post, I actually thought you were talking about homestead exemptions making rent more expensive for some reason. .

    Regardless, your scenario would depend on a looooot of stuff, including state, municipality, the sale price of the home. I'm not saying that cost transfer doesn't exist, but that it isn't 1 for 1 or necessarily regressive. Also (again), there is a correlation between high income and expensive housing, which tends to be lumped in certain areas. An appraisal district with lower home values will generally pay less than one with higher home values and millage fees. Property tax as a whole isn't a pure flat rate, like you're expressing. Especially when the condo/residence disparity comes into the picture.

    Ultimately, a cheaper home in a cheaper area will receive a lower property tax rate and vice versa. Inflating property value is another problem altogether.

    Quote Originally Posted by teamosil View Post
    No that certainly doesn't sound deceptive to me... Considering 1 in every 20 people "rich" sounds crazy to me. Even attaching that label to 1 in every 100 sounds like an awfully melodramatic way to talk about it.
    So even the top 1% isn't rich?
    Last edited by Jeezy; 07-22-11 at 12:03 AM.
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