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Thread: Would the rich miss 5%?

  1. #151
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    Re: Would the rich miss 5%?

    Quote Originally Posted by Baralis View Post
    Well I see a large difference between caring about my fellow man and being asked to help someone that chooses not to help themselves.
    Ive never been against helping someone that genuinely cannot help themselves. What I am agaisnt is expecting people who make the right choices pick up the slack for those that made the wrong choices and do not want to live with the consequences.
    There is a lot of that, some of my relatives are in that group....they live on the minimum but for the most part don't complain about it. It is the ones who can but won't who are the problem, excepting the current situation where plenty of people lost their jobs due to the economy. You can live right and still get hurt...
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  2. #152
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    Re: Would the rich miss 5%?

    Quote Originally Posted by Scarecrow Akhbar View Post
    Yes.

    They'll miss it.

    5% of $250,000 = $12,500

    It's theirs and shouldn't be stolen from them.
    And there is my school of thought on this .
    They would NOT be rich if they chose not to overcharge for their goods and services.
    I'd like to see a 50% tax surcharge on the rich.

  3. #153
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    Re: Would the rich miss 5%?

    Quote Originally Posted by earthworm View Post
    And there is my school of thought on this .
    They would NOT be rich if they chose not to overcharge for their goods and services.
    I'd like to see a 50% tax surcharge on the rich.
    It is wrong to be rich? Sorry i never heard that one before....
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  4. #154
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    Re: Would the rich miss 5%?

    Quote Originally Posted by Goldenboy219 View Post
    It is wrong to be rich? Sorry i never heard that one before....
    It can be very right to be rich, if you use your wealth well. IF you are just looking to make the Forbes 400 list and then spend it all on wine, women, song, etc. , well, at least you are employing the alcohol, sex, and music industries...
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  5. #155
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    Re: Would the rich miss 5%?

    Quote Originally Posted by UtahBill View Post
    It can be very right to be rich, if you use your wealth well. IF you are just looking to make the Forbes 400 list and then spend it all on wine, women, song, etc. , well, at least you are employing the alcohol, sex, and music industries...
    I heard a story of a billionaire (or almost) who is suing a Vegas casino for giving him drugs, private tables, women, etc.... to the tune where he lost $120 million this year alone (gambling around $700 million in total).

    So if you are going to spend hundreds of millions of dollars, keep it away from excise. You could probably just employ your own legion of "entertainers" (including dealers, butlers, women, pharmacists, etc...) without filing the coffers of the Vegas excise fund.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  6. #156
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    Re: Would the rich miss 5%?

    Quote Originally Posted by disneydude View Post
    No one likes paying taxes but everyone loves the conveniences that we have.

    What they don't realize is that they don't get these things for free.
    This is pretty much why I think the "taxation = theft" mantra is stupid.

    People tend not to realize the indirect and often direct benefits they get. Furthermore, people have this incredibly odd notion that markets will always lead to the best allocation of resources for society.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Would the rich miss 5%?

    Quote Originally Posted by rivrrat View Post
    I'm perfectly fine with that.
    I seriously doubt you are.

    I know they already tack on an extra cost due to the amount of taxes they have to pay to use those same roads. I don't see any difference.
    Except that those costs are relatively minor and subsidized by taxes. You are not looking at the real costs here.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Would the rich miss 5%?

    Quote Originally Posted by obvious Child View Post
    I seriously doubt you are.
    What is it today with people trying to tell me what I think?

    Yes. I am.

  9. #159
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    Re: Would the rich miss 5%?

    Quote Originally Posted by obvious Child View Post
    This is pretty much why I think the "taxation = theft" mantra is stupid.

    People tend not to realize the indirect and often direct benefits they get. Furthermore, people have this incredibly odd notion that markets will always lead to the best allocation of resources for society.
    It doesn't matter if they get indirect and direct benefits. They can benefit themselves thousands of times over with money that they control. And i guess you're right that markets don't always lead to the best allocation of resources for society. Only free markets do that. And i don't know where this allocation thing comes in. Wealth is infinite. Resources are infinite. Everybody can become rich, if they think and act in a certain way. Which is a whole 'nother conversation.

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    Re: Would the rich miss 5%?

    When it comes down to it, the rich obviously knew that they would incur some tax increases after Obama assumed office. Obama said all along that he wanted to go back to the tax rates that existed in the 90's so every day is another step in that direction.
    Moderate Union: a Canadian with a political blog on Canadian politics.

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