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Total taxation in the US is one of the lowest in the developed world

Income escapes taxation and moves upwards"Wealth moves upwards...because low income quintiles pay no taxes!"

Jezbuz, you really ought to try a bit hurr durr, MR.


wealth moves to those who invest wisely
 
Everyone over the poverty line should be paying some amount of federal income taxes. The one percent already individually pay millions in taxes, billions as a group.

people who don't get feedback as to the cost of government want it to spend more and more and more and more
 
Everyone over the poverty line should be paying some amount of federal income taxes. The one percent already individually pay millions in taxes, billions as a group.
I always know that getting into a debate with you is such a waste of time, and worse, trying to get you to see an error of your own creation is even more a waste of time. A person can post a response to you showing that you did not in any manner comprehend what YOU highlighted in YOUR response, specifically, a comment about how the wealthy in the US become more wealthy due to the low marginal rates. No, instead of acknowledging that error and correcting it, you instead plow ahead with a non-sequitur that has been thoroughly debated and shown to be untrue from so many different perspectives...that you participated in the past. Yer meme has been debunked. What I'm surprised with is that you didn't just yell "that graph is cherry-picked" and be done with yer "argument" since that is your MO. It would save us all a lot of time if you would apply it and take yourself out of the discussion entirely. I suppose it is forthcoming...
 
That is why the state should not spend quite so much on stuff that is not a public good in the economic sense. Then efficiency goes up, the gdp grows and society prospers.

Yes, just like Kansas.
 
The caption is best understood by this infographic from the Tax Policy Center:
3.1.4-figure1.png



Which means quite simply that (due to a ridiculous flat-rate taxation of top revenues) more Income escapes taxation and moves upwards to build the Wealth of a comparatively select few (from here):

Net_worth_and_financial_wealth.gif


My Point: Is this the sort of nation you want for your children, and your children's children? One where the far greater share of the Wealth-pie (that we all work to generate in our economy) goes to an aberrationally minuscule percentage of American families?

Well, it is the one they have now and will be getting in the future as well ...

Much of today's wealth is not through production but through the financialisation of the economy. The very top of the heap benefit through financial manipulations and tax breaks.
 
Good one.

This is the truly bizarre thing about people like Bernie Sanders.

They desperately want to take money from the rich and give it to the government to increase social programs.

But they also freely admit that government is VERY corrupt.

It makes NO SENSE.

Take money from people who legally earned it and give it to people who - even Bernie Sanders freely admits - are staggeringly corrupt.

Bernie Sanders Slams “Corrupt Politics” — Sanders Within Striking Distance Of Victory

Ridiculous.
Uh, when Bernie says:

Most new wealth flows to the top 1 percent. It's a system held in place by corrupt politics.

...he is speaking to, in part, the low taxation that the wealthy enjoy caused by their wealth/power influence on creating the laws that enrich and protect that wealth/power. And...govt did not "keep" the taxes collected, it redistributed that wealth and caused even wealth gains for all quintiles, ie the 30 great years, when the system worked for everybody. The corruption has caused the system to work for only the top quintiles since 1980.

We have gone over this too many times. Nothing gets through.
 
I always know that getting into a debate with you is such a waste of time, and worse, trying to get you to see an error of your own creation is even more a waste of time. A person can post a response to you showing that you did not in any manner comprehend what YOU highlighted in YOUR response, specifically, a comment about how the wealthy in the US become more wealthy due to the low marginal rates. No, instead of acknowledging that error and correcting it, you instead plow ahead with a non-sequitur that has been thoroughly debated and shown to be untrue from so many different perspectives...that you participated in the past. Yer meme has been debunked. What I'm surprised with is that you didn't just yell "that graph is cherry-picked" and be done with yer "argument" since that is your MO. It would save us all a lot of time if you would apply it and take yourself out of the discussion entirely. I suppose it is forthcoming...

Right back at you.
 
I always know that getting into a debate with you is such a waste of time, and worse, trying to get you to see an error of your own creation is even more a waste of time. A person can post a response to you showing that you did not in any manner comprehend what YOU highlighted in YOUR response, specifically, a comment about how the wealthy in the US become more wealthy due to the low marginal rates. No, instead of acknowledging that error and correcting it, you instead plow ahead with a non-sequitur that has been thoroughly debated and shown to be untrue from so many different perspectives...that you participated in the past. Yer meme has been debunked. What I'm surprised with is that you didn't just yell "that graph is cherry-picked" and be done with yer "argument" since that is your MO. It would save us all a lot of time if you would apply it and take yourself out of the discussion entirely. I suppose it is forthcoming...

what exactly is the "error" you are whining about. what I see is a reasonable opinion that everyone who enjoys the citizenship benefits ought to be paying for it. then maybe those who currently vote for more and more government would see how it costs THEM money as well as "the rich"
 
Uh, when Bernie says:

Most new wealth flows to the top 1 percent. It's a system held in place by corrupt politics.

...he is speaking to, in part, the low taxation that the wealthy enjoy caused by their wealth/power influence on creating the laws that enrich and protect that wealth/power. And...govt did not "keep" the taxes collected, it redistributed that wealth and caused even wealth gains for all quintiles, ie the 30 great years, when the system worked for everybody. The corruption has caused the system to work for only the top quintiles since 1980.

We have gone over this too many times. Nothing gets through.

how is it Low taxation when the top 1% pay more than 40% of the federal taxes on income which includes the federal income tax and the death tax? it would only be LOW if the top 1% had more than 40% of the income
 
what exactly is the "error" you are whining about. what I see is a reasonable opinion that everyone who enjoys the citizenship benefits ought to be paying for it. then maybe those who currently vote for more and more government would see how it costs THEM money as well as "the rich"
Please, don't give me this amnesia argument, we, you and I, have been over this too many times. Those that pay those low federal marginal levels on their wealth gains enjoy far more the benefits of those advantages and benefits of the system catered to and created by the wealth they enjoy. Every trust fund baby knows this.
 
that would be a start. the problem is, way too many people have become way too addicted to federal programs that never should have survived supreme court review to start with. cold turkey would be too traumatic so we have to ween people off the public teats

The problem is that the vast majority of seniors are uninsurable in the private sector absent some type of public program or massive subsidies. Simply cutting the programs does not change actuarial realities.
 
Please, don't give me this amnesia argument, we, you and I, have been over this too many times. Those that pay those low federal marginal levels on their wealth gains enjoy far more the benefits of those advantages and benefits of the system catered to and created by the wealth they enjoy. Every trust fund baby knows this.

you confuse benefits people get by having the wealth to buy them vs government endowed benefits. its one of the biggest lies the left uses. I can drive a Ferrari not because the government gives it to me but rather because I have the wealth to buy one. (in reality I drive used Lexus cars-I don't believe in wasting money on flashy cars =I want reliable ones that are safe)
 
The problem is that the vast majority of seniors are uninsurable in the private sector absent some type of public program or massive subsidies. Simply cutting the programs does not change actuarial realities.

there are plenty of government programs we can start scaling back without causing real trauma. and stop addicting people to the government teats at an early age.
 
how is it Low taxation when the top 1% pay more than 40% of the federal taxes on income which includes the federal income tax and the death tax? it would only be LOW if the top 1% had more than 40% of the income
If you want to play tax conflation games, I can do that.....the top 1% in '13 captured 121% of the wealth gains, in '15 they captured 91% of the wealth gains.....and the marginal rate IS low when it is compared to OTHER NATIONS....which was the point....and it is low COMPARED TO WHERE IT WAS DURING THE 30 GREAT YEARS.....which was my point.

Historical_Marginal_Tax_Rate_for_Highest_and_Lowest_Income_Earners.jpg
 
Please, don't give me this amnesia argument, we, you and I, have been over this too many times. Those that pay those low federal marginal levels on their wealth gains enjoy far more the benefits of those advantages and benefits of the system catered to and created by the wealth they enjoy. Every trust fund baby knows this.

And yet you keep on bringing up your cherry picked nonsense.
 
you confuse benefits people get by having the wealth to buy them vs government endowed benefits. its one of the biggest lies the left uses. I can drive a Ferrari not because the government gives it to me but rather because I have the wealth to buy one. (in reality I drive used Lexus cars-I don't believe in wasting money on flashy cars =I want reliable ones that are safe)
You can buy a Ferrari....because of the wealth your family had and was able to endow you with....which they were able to gain through a system that they built and supported to funnel wealth to themselves, ie the 1%. The ideas that the 1% did not create the laws that allows them to gain said wealth and thoroughly protect it....and that that system instead gives the poor more wealth....is the ultimate lie. It is a complete intentional ignoring of US wealth gains history.

102014-wealth-web-01.jpg
 
there are plenty of government programs we can start scaling back without causing real trauma. and stop addicting people to the government teats at an early age.

Most people are not "addicted to the government" at an early age. The wealth transfers in this country are largely between young and old.
 
Most people are not "addicted to the government" at an early age. The wealth transfers in this country are largely between young and old.

so you don't believe there are lots of people who are 2nd-4th generation welfare recipients?
 
You can buy a Ferrari....because of the wealth your family had and was able to endow you with....which they were able to gain through a system that they built and supported to funnel wealth to themselves, ie the 1%. The ideas that the 1% did not create the laws that allows them to gain said wealth and thoroughly protect it....and that that system instead gives the poor more wealth....is the ultimate lie. It is a complete intentional ignoring of US wealth gains history.

102014-wealth-web-01.jpg

so you are against investment; got it. I see much envy in your posts
 
so you are against investment; got it. I see much envy in your posts
For someone who supposedly has a Ivy League education, bought and paid for by his 1% family, I have no idea how they can miss the point that they brought up that was directly addressed, by diverting to this non-sequitur...unless of course they need to change the topic.
 
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