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Thread: What purpose did the tax cut for the wealthiest serve?

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by David D. View Post
    Both of these things exist, by the way.

    One's a delicious cereal and the other is the "total frequency spectrum of electromagnetic radiation given off by the Sun" (to quote Wikipedia).
    Isn't that Count Chocula? admittedly its been about 40 something years



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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by David D. View Post
    Henrin - I understand the words you are saying, and your point you are making, but I think that scenario eventually leads to an inevitable stratification of wealth, as the only people who reap the benefits of any positive value gains of a company are the employers and not the employees.

    And when you have only the employers reaping the value of what is created by their employees, and continually working down their wages to whatever dirt cheap price they can find in India or whatever, the workers will eventually become poor and will demand that their government protect them and give them welfare, ect, ect.

    This creates the need for BIG GOVERNMENT. That's why I referred to TurtleDude as his own worst enemy.
    Hogwash. The reason for the collecting of wealth at the top is two fold. One the government ensures the protection of the businesses, and two the workers do not practice the benefits of the market. Big government is the creator of both. The only reason it matters if anyone goes to india is because of those two things.
    Last edited by Henrin; 09-06-11 at 09:23 PM.

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    70 years of progressive income taxes has insulated the very richest people. that is why many of them support a system that creates entitlement addicts sapped of ambition

    you have failed to understand a progressive tax system creates rich elites who use that system to buy public office and the wealth that comes with it. massive taxes create massive government and massive government creates massive power and wealth for those who run it. want more diversity of wealth and power? seek to decentralize government and dissipate federal power and control
    Your solution is to tax the very richest people so much they don't have enough money left to buy politicians?
    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

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    Your solution is to tax the very richest people so much they don't have enough money left to buy politicians?
    Look for awhile at the China Cat Sunflower



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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    Again, economic reality has proven you wrong. now if higher than market wages result in superior productivity or if profit sharing results in higher work standards than things change

    now if you are a laborer-say at the USPS and the USPS is losing 9 billion should you expect to give up half your wages?
    Think of it this way. If employees create value and profit during a specific period, they should be able to share in on that (at least some portion, if reasonable). Then things start over and this cycle repeats itself over and over.

    If over time, they are no longer creating any value for the company and the company's business model begins to deteriorate, then sure, they should expect a cut in wages.

    But the biggest cut should be at the person who runs the company.

    I am going for an evening jog. I will be back to join in the fun later. Interesting discussion, I might say.
    Last edited by David D.; 09-06-11 at 09:30 PM.

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by David D. View Post
    Think of it this way. Employees create values and profit, they should share in at least a portion of that, then things start over again.

    If over time, they are no longer creating any value for the company and the company's business model begins to deteriorate, then sure, they should expect a cut in wages.

    But the biggest cut should be at the person who runs the company.

    I am going for an evening jog. I will be back to join in the fun later. Interesting discussion, I might say.
    I just don't understand your not understanding the concept of a contract. If the contract calls for a wage increase if X amount of profits are realized so be it



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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    Look for awhile at the China Cat Sunflower
    Insult noted. Hardly a substitution for facts.
    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

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    Insult noted. Hardly a substitution for facts.
    Insult, I was listening to EUROPE 72 one of my favorite records and my favorite tune on that record. Its the most irrelevant thing I could post in response to utter irrelevance of your claim that I believe we should tax the uber rich at confiscatory rates



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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    Insult, I was listening to EUROPE 72 one of my favorite records and my favorite tune on that record. Its the most irrelevant thing I could post in response to utter irrelevance of your claim that I believe we should tax the uber rich at confiscatory rates
    How has concentrating the wealth at the top helped our economy?
    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

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    How has concentrating the wealth at the top helped our economy?
    How is taxing that wealth to grow government and enrich the dem politicians who use that wealth to buy the votes of people such as you helping the economy?

    have you ever figured that maybe that the current progressive income tax and estate tax schemes are what causes such stratifications?



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