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Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

Why should anyone choose to pay more taxes?
You call them scum, I just see them taking advantage of a greater opportunity.

When people change states for these reasons, do you consider them scum as well?

People that would renounce their citizenship over a few bucks (that they have) in contrast to those that give their lives for the country (for which they have one), given that comparison are unpatriotic scum. Who cares if the leave?
 
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If you placed three piles of one million dollars in front of a person - one coming from wages, one coming from capital gains and the third from inheritance there is nobody on the planet who could tell them apart with any degree of accuracy. Why should the government give discriminatory preferential rates to the income streams of the rich over the income streams of working people?

this is true... 1 pile of a million bucks looks identical to the other 2.

the government should give preferential treatment to differing types of income because there is a compelling social benefit to providing incentives for the different behaviors inherent to those incomes.
 
this is true... 1 pile of a million bucks looks identical to the other 2.

the government should give preferential treatment to differing types of income because there is a compelling social benefit to providing incentives for the different behaviors inherent to those incomes.

Please present the case for those compelling social benefits. I would welcome seeing them.
 
People that would renounce their citizenship over a few bucks (that they have) in contrast to those that give their lives for the country (for which they have one), given that comparison are unpatriotic scum. Who cares if the leave?
Doesn't matter what you think about them. People should have the right to leave America if they don't like it.

Also, I don't think US have any right to tax people on income earned abroad, while living abroad. No other country would be able to do the same for their citizens living in America, because US would never accept it. There is an obvious double standard. The reason people renounce their citizenship, is because the system is unfair.
 
A great example is Mitt Romney who makes millions every year in investment income...and paid 13% income tax or less

If he weren't running for public office he would have payed 0%, just like all the other rich tax evaders.
 
this is true... 1 pile of a million bucks looks identical to the other 2.

the government should give preferential treatment to differing types of income because there is a compelling social benefit to providing incentives for the different behaviors inherent to those incomes.

One problem I have with capital gains is that of separating real gains from nominal gains caused simply by monetary debasement. If the supposed gain is due to the effect of inflation, then it is no real gain, and the government is merely hitting us with a double whammy. First, they devalue our dollar denominated assets, and then any assets that hold their value are taxed again due to a fake nominal gain. If the value of the good could be tracked in a non-debased standard unit of measure, then we would avoid punishing people for the government's monetary shenanigans.
 
One problem I have with capital gains is that of separating real gains from nominal gains caused simply by monetary debasement. If the supposed gain is due to the effect of inflation, then it is no real gain, and the government is merely hitting us with a double whammy. First, they devalue our dollar denominated assets, and then any assets that hold their value are taxed again due to a fake nominal gain. If the value of the good could be tracked in a non-debased standard unit of measure, then we would avoid punishing people for the government's monetary shenanigans.

excellent point...
 
populist garbage

what put the country in a recession was too many people who think the government has a duty to take care of them
leading to too much government, too much control etc

And that is moronic garbage as well

What put the US into recession is the same thing that has put Ireland, Iceland and Spain into recession, and what caused Japan to enter the one that really has not left for 20 years

To much debt, and speculatory use of that debt. All the countries i have listed all share the same issues. Borrowing that fueled speculative investments in uneconomic areas. All but Iceland involved heavy real estate investments within the country as being a primary cause. Icelands, issue was its banks invested in other countries real estate.

People and the banks that lent to them were making idiotic investment choices based on idiotic investments, all counting on a greater fool to come along and buy the poor invesment then had purchased by taking a mortgage on it.

The government did not cause it, the rich did not cause it, people on welfare did not cause it. The base issue is and was poor decision making by people taking excess risks because they were to stupid to see that a homes have to be affordable for people to live and buy them over the long term
 
Please present the case for those compelling social benefits. I would welcome seeing them.
investment, entrepreneurship, social mobility, capital accumulation,capital reallocation, consumerism, ownership... those are all behaviors that are incentivized by a low capital gain tax structure... all are compelling social benefits.
 
People that would renounce their citizenship over a few bucks (that they have) in contrast to those that give their lives for the country (for which they have one), given that comparison are unpatriotic scum. Who cares if the leave?

Why should someone pay more taxes, if they don't believe in what the government is doing?
Patriotism is in the eye of the beholder and it seems to be quite regularly used to get people to "fall in line" with other's beliefs.
 
i have repeatedly and frequently stated that I want ALL Americans earning dollar one to pay more taxes. And that includes the 47% currently not paying federal income tax. I will search for my prior posts where I posted actual percentage increases and put them up here.

Basically I would have ALL American earners paying at least 5% of their income in federal income tax. Current middle class taxpayers would see about a 3% increase. Upper earners would see about a 5% increase. I would end most deductions for all. I would end the inheritance tax and the capital gains taxes and simply treat them as normal income and apply the appropriate tax rate schedule. I would pop the cap on FICA limits and have ALL Americans pay FICA on all of their earnings instead of just the 93% who now do.


So how would you cut the welfare roles?

How about balancing the budget?

How about cutting spending?

How many govt agencies would you gut? How many would you totally get rid of?

I want to see some fiscal responsibility and see the govt cut to the bare minimum. I want all govt agencies to be cut by 20% in personnel, budget, and no hiring contractors to replace those jobs that were cut. The govt needs to tighten their belt just like us common folks who pay the bills.
 
Is that a fair statement, that taxes can never be legislated down but only up? I would think that any entity, such as a government, will never give up an opportunity to collect free cash, especially if they have the absolute "right" to take it from you by force.

So there is no difference between the medieval church/king taxing you at 2x10 %, and today's parliamentary lobby groups taxing you in various tax brackets up to 40-50 %. (Except today's taxation is even higher.)
 
i have repeatedly and frequently stated that I want ALL Americans earning dollar one to pay more taxes. And that includes the 47% currently not paying federal income tax. I will search for my prior posts where I posted actual percentage increases and put them up here.

Basically I would have ALL American earners paying at least 5% of their income in federal income tax. Current middle class taxpayers would see about a 3% increase. Upper earners would see about a 5% increase. I would end most deductions for all. I would end the inheritance tax and the capital gains taxes and simply treat them as normal income and apply the appropriate tax rate schedule. I would pop the cap on FICA limits and have ALL Americans pay FICA on all of their earnings instead of just the 93% who now do.

i.e. you want the rich to suffer the highest tax increase and your FICA crap would be something that affect only the people who already pay the most taxes. in other words a MASSIVE tax increase on the rich with a minor tax increase on others

TELL ME why does the government have an entitlement to more money UNTIL it can prove it doesn't waste what it gets now?
 
And that is moronic garbage as well

What put the US into recession is the same thing that has put Ireland, Iceland and Spain into recession, and what caused Japan to enter the one that really has not left for 20 years

To much debt, and speculatory use of that debt. All the countries i have listed all share the same issues. Borrowing that fueled speculative investments in uneconomic areas. All but Iceland involved heavy real estate investments within the country as being a primary cause. Icelands, issue was its banks invested in other countries real estate.

People and the banks that lent to them were making idiotic investment choices based on idiotic investments, all counting on a greater fool to come along and buy the poor invesment then had purchased by taking a mortgage on it.

The government did not cause it, the rich did not cause it, people on welfare did not cause it. The base issue is and was poor decision making by people taking excess risks because they were to stupid to see that a homes have to be affordable for people to live and buy them over the long term

the bigger the government the more it can screw stuff up. and it was government that required banks to lend to irresponsible borrowers.
 
the bigger the government the more it can screw stuff up. and it was government that required banks to lend to irresponsible borrowers.

This may come as a shock to you.

But not everything is governments fault.
 
i.e. you want the rich to suffer the highest tax increase and your FICA crap would be something that affect only the people who already pay the most taxes. in other words a MASSIVE tax increase on the rich with a minor tax increase on others

TELL ME why does the government have an entitlement to more money UNTIL it can prove it doesn't waste what it gets now?
Because it has tanks and close air support? ;)
 
This may come as a shock to you.

But not everything is governments fault.

no shock at all. stupidity is often something people are born with-the NEA merely accentuates it.

Greed and envy too-govenment merely amplifies it
 
Because it has tanks and close air support? ;)

a better answer than the "mom and apple pie" BS patriotism argument we get from a couple of the parasite mouthpieces
 
investment, entrepreneurship, social mobility, capital accumulation,capital reallocation, consumerism, ownership... those are all behaviors that are incentivized by a low capital gain tax structure... all are compelling social benefits.

You give us a laundry list.

It would be nice if it was accompanied by actual evidence of those things.
 
Why should someone pay more taxes, if they don't believe in what the government is doing?
Patriotism is in the eye of the beholder and it seems to be quite regularly used to get people to "fall in line" with other's beliefs.

I agree. They can withdraw from this arrangement on any day of their choosing. There is no Berlin Wall confining them here against their will.
 
Billy asks the following questions:

So how would you cut the welfare roles?

Good question. I imagine it would take a combination of things including having a first rate education system which properly educates and prepares citizens to assume adult responsibilities and that would include work. I also favor a person doing an actual job which has benefit to society if we are going to hand them a check anyways.

How about balancing the budget?
I do not think that is a short term achievable goal since we are so out of whack right now. It starts with cutting $300 billion now and taking it year by year as we raise revenues at the same time.


How about cutting spending?

$300 billion right away.

How many govt agencies would you gut? How many would you totally get rid of?

I do not know.

That is a serious matter that deserves serious consideration.
 
i.e. you want the rich to suffer the highest tax increase and your FICA crap would be something that affect only the people who already pay the most taxes.

Actually my FICA proposal would ONLY effect the 7 to 9% of Americans who ARE NOT now paying the tax on ALL their earnings the way that the other 91 to 93% of Americans are. You cannot raise the taxes on them because they already pay on 100% of their earnings.
 
The average American hasn't yet figured out that wealthy Americans no longer view themselves as Americans. They view themselves as belonging to the "international community". Nationalism is just a tool to control the impoverished and ignorant. It always has been and always will be, hence why movements like the Tea Party gather around it.
 
$300 billion? So you are basically just wasting everyone elses time.

Again, as with perhaps half the things you write in reply to me, I have no idea what you are talking about due to the intentionally brief style you have intentionally adopted so as to present as small of a target as is humanly possible.
 
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