• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Do The Wealthy Even Pay Taxes?

Conaeolos said:
You know the shocking truth is that is actually probably underestimating the shifts....

Many industries / product categories / whatever wouldn't exist without said executive and the power they direct increases with technology…granted the market of executives today is full of it fair share of overpaid opportunistic duds, but meanwhile the replaceability of the average worker increases by the day as worker generalize their skill base even as demands in specialty and complexity increase.

That is not to say there aren’t very talented, underpaid workers who deserve a lot more. There are plenty. Just to point out a good executive can do a lot more for a company than a single good worker and technology is making that impact larger.

To stick with the well known, look at Apple’s comeback. Full of good workers but still headed for the grave under poor management. Resurged = Steve Jobs / Tim Cook / Jonathan Ive et al.
Click to expand...

I suggest reading The Iron Fist Behind the Invisible Hand. Remove the scales from your eyes and realize we live in a system that is far from a "freed market."
 
Geoist said:
So CEO's are 100x's more difficult to replace than they were in the 60s?
Click to expand...

Actually yes, given the advancements in communication and the global market it is much more difficult now to keep them.
 
Nap said:
Actually yes, given the advancements in communication and the global market it is much more difficult now to keep them.
Click to expand...

The advancements in communication/global market also makes it easier to find the right CEO, so it is a wash.
 
countryboy said:
Richard Maddow showed a portion of a Trump tax return which showed he paid millions in taxes for that year alone.

Do you not take every tax deduction allowed by law? Why should Trump do any different? :roll:
Click to expand...

I guess reality is dumb. You prefer to cherry pick the facts. Trump said he is smart for paying no taxes.

Of course I take all the deductions I can. I never claimed it was wrong to do so. I would pay nothing if I could legally get away with it.
 
Geoist said:
The advancements in communication/global market also makes it easier to find the right CEO, so it is a wash.
Click to expand...

If it was so easy to find they wouldn't be making the money they are. If QB's and LT's were easy to find they wouldn't be the highest paid positions in the NFL. You can find plenty that have the skill sets and talent for it but when in that position they aren't up to the standards of the elite few.
 
oppositeland said:
I have heard recently that Trump wants to give the wealthy the largest tax breaks in history. On a side note, at the same time, cutting food stamps and making it harder for the poor to get medical coverage. I am wondering if the whole taxing the wealthy thing is just a scam to begin with. For example, when I paid taxes on my wages, I got most of it back in tax returns. Does the same thing apply for the wealthy?

Also, the tax laws are written by and for the wealthy. They can afford tax lawyers to find them any of what are probably a zillion loopholes. Another thing is that there are banks all over the planet where the wealthy can anonymously deposit money. Making it untaxable. Also, look at any year in say the past 40 years. For whatever year you choose, look and see what companies for that year paid no taxes at all. The wealthy are against welfare. But apparently corporate welfare is ok. The U.S. needs to just take over all companies. And cut out the overpaid tax griping dead weight middlemen. They also need to remove the rights of personhood from corporations.

Another thing is that back in the 60's, the average salary for a company executive was about 25 times what the average worker made. Today, it is around 250 times that. At one point not all that long ago, it got closer to being 400 times what the average worker made. And the wealthy are griping on how much in taxes they pay?! B!!!S!!! As it is, they have so much money it must be difficult for them to spend it!
Click to expand...

You shouldn't really be trying to debate a subject you obviously don't know a damn thing about other than your uneducated opinion. You have to graduate kindergarten first before you can go to college.
 
Nap said:
If it was so easy to find they wouldn't be making the money they are.
Click to expand...

They make that kind of money because they basically set their own salary. Usually, only the board of directors can change that, and it is usually made up of other/former CEOs who are incentivized to keep the CEOs pay high because they want to keep their own pay high.
 
You must log in or register to reply here.
Back
Top Bottom