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

  1. #961
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by TurtleDude View Post
    why should anyone have 90% of their next tax dollar taken by the government

    You need to pay that rate if you want someone else to

    Progressive income taxes encourage people like you to vote for politicians who promise you that only the rich will pay more taxes

    no person should pay more than a quarter of their income in total taxes.
    We had a much healthier distribution of income/wealth when we had higher marginal rates.

    With high marginal rates, business owners and investors have a greater incentive to reinvest in a business (capital and labor), as the government is essentially subsidizing that reinvestment and less incentive to take cash out of the business in the form of salary, where it will be taxed.

    We should have high marginal rates on very high income and low capital gains rates, again to encourage long-term investment and long-term thinking.

    Funny, that the middle class began eroding away once we started whacking away at high marginal rates? We can not have a strong economy without a strong middle class.
    Attached Images Attached Images What purpose did the tax cut for the wealthiest serve?-wealth-disparity-us-jpg 

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

    Yeah, long term thinking, as in the more you make, the less you get to keep. LOL What would be the incentive again to invest?
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Henrin View Post
    Usually when you see a problem fixing it involves facing the causes of the problem. Taxes does not reach that end. It just punishes people to punish people.
    He proposed how to fix the cause of the problem of too much wealth concentrated at the top.
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    He proposed how to fix the cause of the problem of too much wealth concentrated at the top.
    No, he didn't. He faced none of the causes of the problem, in fact, he didn't even mention one of them.

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

    Quote Originally Posted by X Factor View Post
    Yeah, long term thinking, as in the more you make, the less you get to keep. LOL What would be the incentive again to invest?
    The same incentive we had in the 50's when marginal tax rates for the top tax bracket were triple what they are now, to invest in business and jobs rather than be taxed on your income, as opposed to just hording the wealth as is being done today.
    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 X Factor View Post
    Yeah, long term thinking, as in the more you make, the less you get to keep. LOL What would be the incentive again to invest?
    The long-term thinking is rewarding capital gain (return on investment) rather than salary (taking capital away from a business).

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

    Quote Originally Posted by Catawba View Post
    The same incentive we had in the 50's when marginal tax rates for the top tax bracket were triple what they are now, to invest in business and jobs rather than be taxed on your income, as opposed to just hording the wealth as is being done today.
    Oh the fifties, where we came up with colored appliances. Such great times.. lol

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

    Quote Originally Posted by Catawba View Post
    The same incentive we had in the 50's when marginal tax rates for the top tax bracket were triple what they are now, to invest in business and jobs rather than be taxed on your income, as opposed to just hording the wealth as is being done today.
    Quote Originally Posted by upsideguy View Post
    The long-term thinking is rewarding capital gain (return on investment) rather than salary (taking capital away from a business).
    What's the point of investing in business and jobs, if you're not allowed to make money on it, or have to give most of it to the government? Let's be honest, you all are not concerned with businesses or investors, those are the bad guys, right? This is simply about, what you believe, to be a "healthier" redistribution of wealth (as upsideguy pretty much said in his post).
    Last edited by X Factor; 09-08-11 at 02:49 AM.
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by X Factor View Post
    I haven't seen a DemonMyst post in awhile. I see nothing's changed. BTW, pretty sure it's "burden".
    If you have to correct someone's spelling.. You are obviously over your head in the topec being discussed.. Let us know when you actuilly have something intelligent to add instead of being spelling or gramar police!!

    If you have nothing to add to a thread then don't post.. Do us all a favor and go troll somewhere else..

    I left a couple of mispelled words for you.. I just want you feel usefull.. Just trying to be nice..

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

    Quote Originally Posted by TurtleDude View Post
    If you are going to call me Stupid you ought to learn how to spell BURDEN

    You are unable to fathom the fact that the rich bear more of the income tax burden now than at any time in the last several decades.
    Don't feed the trolls.. See.. Your not even smart enough to do that..

    I never claimed to be a perfict speller.. But I am not stuped enough to base my entire arguement on a word that someone mispelled.. If you can't address my issues and points then you have nothing to say.. Which is again par for the course for you..

    Again.. I left some mispelled words.. Don't want you to run out of lame excuses to not address someone's post.. Not to mention feeding the trolls.. Got to keep them fed don't we..

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