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Thread: Would the rich miss 5%?

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    Re: Would the rich miss 5%?

    Quote Originally Posted by Happy Days View Post
    What do you think, would people earning over $250K a year miss 5%?
    No.


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    Re: Would the rich miss 5%?

    Quote Originally Posted by jamesrage View Post
    $12,500 can buy a lot of things in this country so yes they would miss it just as a man making $30,000 a year would miss $1,500 if the government took an extra 5% out of his check.$12,500 can buy a car, plus thats a lot of hours of your life working that you will never get back.
    Do you honestly think that rich people are typically spending $12,500 on a car? While $12,500 may be a lot to some people, it really isn't a lot to others. I think a lot of people are missing that point.

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    Re: Would the rich miss 5%?

    Depends on your lifestyle really. If you spend 80% of 250K on monthly bills etc 5% could be missed. However if you spend just 30-45% of your income(that would go for I guess bachelors) than I don't really see how you'd miss it until you realize you're not saving as much for retirement. Either way it shouldn't be a matter of what you'll miss but what is a reasonable amount to distribute.

    What a lot of these economic connoisseurs do not seem to realize is that it's not about giving to the have nots and taking from the haves. It's a matter of what a responsible position is. Name me a single sociologist who will argue that it makes sense to go back to a time before welfare and you will have found yourself an idiot. We simply do not have enough jobs in America for the poor to work and even if we did they wouldn't pay enough to keep up with the rising costs of living in America.

    Poverty relates to nutrition, nutrition to health and finally health to available work force. You have a poor population, you have a population which is unable to properly feed itself, this in turn leads to health problems and health problems affect the number of people able to work. It becomes a downward spiral that doesn't really see an end.
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    Re: Would the rich miss 5%?

    Quote Originally Posted by Happy Days View Post
    Do you honestly think that rich people are typically spending $12,500 on a car? While $12,500 may be a lot to some people, it really isn't a lot to others. I think a lot of people are missing that point.
    $12,500 can go towards a car in their case, and it can buy a lot of things. . 40 hours(assuming someone making that much isn't working longer than 40 hours a week) a week equals 1920 hours a year and divided that into $250,000 that is basically a $130.21 an hour. Which that boils down to that $12,500 equaling 96 plus work hours, thats two and a half weeks worth of work that went to the government per 5%. So yes someone would miss that money and it is a straight up lie to say it wouldn't be missed.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Would the rich miss 5%?

    Quote Originally Posted by Happy Days View Post
    What do you mean, "because they didn't buy their own"? That wasn't part of the discussion. If we all paid a percentage of our income then we could work together and provide healthcare for everyone. If someone is sick then they need to be able to see a doctor to get well. We are a civilized nation, not a bunch of selfish gits who don't care about our fellow countrymen, aren't we?
    Why is it greedy to want to keep the money you earned to use as you see fit...

    ...but its not greedy to want the government to take money from someone else to give you something for free using money you haven't worked to earn?

    Why is the first person a "selfish git" but the second person you seem to have no condemnation for?

    Isn't both cases wanting SOMETHING at the expense of someone else?

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    Re: Would the rich miss 5%?

    Quote Originally Posted by lizzie View Post
    That's a joke. I would think many of us here are middle class, unless I am poor and just don't realize it. On second thought, maybe I'm rich and just don't realize it.
    Its a joke because its typical hyper partisan Disney bullcrap using a false premise.

    Name me three politicians in the past 2 decades that have came out and said "We're going to raise taxes on the middle class" or "We're going to raise t taxes on the lowest 5%".

    Now name me three politicians who have stated in the past 2 decades that we need to "raise taxes on the upper class" or "We're going to raise taxes on the top 5%".

    Guess which of those tasks will be easier.

    Its hard to argue against something that doesn't get generally proposed. The taxes that are on the middle class generally come in the form of camaflauge...your cigerette taxes are going up, your utility taxes are going up, etc. And you're going to tell me you don't hear conservatives complaining about those things? Cause I'm pretty sure they have been recently.

    No, you hear the loudest cries when they're thinking to tax the upper class (tax the upper class to pay off the debt. tax the upper class for health care. tax the upper class for education. its the default "that's how we'll pay for it" plan) because that's the one that gets talked about the most often, the loudest, and the most blatant because of the hope of playing against class warfare tendancies of the population.

    And because its the most in your face and obvious then the complaints against it are generally the loudest as well to counter act it.

    Its a false dichotomy and premise that Disney is smart enough to know, but hyper partisan enough to ignore to get his litle dig in.

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    Re: Would the rich miss 5%?

    Quote Originally Posted by Happy Days View Post
    What do you think, would people earning over $250K a year miss 5%?
    Of course they'll miss it. People forget that people who earn a lot spend a lot on their home. And that they still have a mortgage to pay not including escrow, utilities, it all adds up. And then include a raising income tax and a raising property tax. What? You think they are earning a lot of money? No not after all the taxes they have to pay plus the mortgage.
    If you want to see a solution to the problems in this country. Put different people into the government, what is wrong with the government are the lawmakers. They are complete idiots when it comes down to balancing a budget. You can't spend more than you take in, and NO it isn't a solution to just raise taxes. That doesn't work. A major problem with these lawmakers is that they are reckless with our money because it isn't theirs. So they spend it like an addict. They never know what their limit is until they have hit rock bottom and then it even takes them a long time to realize that they have hitten rock bottom.
    The only solution for them is to see hundreds of thousands of people fed up with paying taxes in Washington D.C. and these protestors should be armed to the teeth with automatic guns and frag grenades and high powered rifles. That'll get the message through to them.

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    Re: Would the rich miss 5%?

    Quote Originally Posted by stalin_was_a_nice_being View Post
    Of course they'll miss it. People forget that people who earn a lot spend a lot on their home. And that they still have a mortgage to pay not including escrow, utilities, it all adds up. And then include a raising income tax and a raising property tax. What? You think they are earning a lot of money? No not after all the taxes they have to pay plus the mortgage.
    If you want to see a solution to the problems in this country. Put different people into the government, what is wrong with the government are the lawmakers. They are complete idiots when it comes down to balancing a budget. You can't spend more than you take in, and NO it isn't a solution to just raise taxes. That doesn't work. A major problem with these lawmakers is that they are reckless with our money because it isn't theirs. So they spend it like an addict. They never know what their limit is until they have hit rock bottom and then it even takes them a long time to realize that they have hitten rock bottom.
    .
    Where is it written that just because you make a lot of money that you MUST have a big house and big mortgage, etc.?
    That is a trap. I know some rich people in AZ and UT, even live among the rich at my Utah residence. The latest economic downturn caught some of them by surprise. They are losing their homes despite their high incomes, because they bought much more home than they need. You have to balance income to outgo, and just because you have high income doesn't mean you have to spend it all and then some.
    Smart people realize that income can fluctuate depending on the economy, and they adjust their lives accordingly. Keep some money in reserve, stay away from excess debt, etc.
    That applies to govt as well...
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    Re: Would the rich miss 5%?

    Lets put it in a way that everyone will agree (hopefully).

    Someone earning $250,000 + annually will miss 5% much less than a person earning $50,000 would miss the same 5%. When we diverge in absolutism, it is almost certain nobody will agree
    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

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    Re: Would the rich miss 5%?

    Quote Originally Posted by UtahBill View Post
    Where is it written that just because you make a lot of money that you MUST have a big house and big mortgage, etc.?
    That is a trap. I know some rich people in AZ and UT, even live among the rich at my Utah residence. The latest economic downturn caught some of them by surprise. They are losing their homes despite their high incomes, because they bought much more home than they need. You have to balance income to outgo, and just because you have high income doesn't mean you have to spend it all and then some.
    Smart people realize that income can fluctuate depending on the economy, and they adjust their lives accordingly. Keep some money in reserve, stay away from excess debt, etc.
    That applies to govt as well...
    What has ever happened to its my money and I can spend it the way I want to? Most people-including the rich-are consumers, that's why they have the big house, the nice cars. Because they enjoy to spend money, too.

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