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Thread: Fox News Poll: What bugs voters most about taxes? Rich not paying enough

  1. #271
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    Re: Fox News Poll: What bugs voters most about taxes? Rich not paying enough

    Quote Originally Posted by jonny5 View Post
    That sounds like a whole load of societal problems that cant be solved by simply having the rich pay more taxes.
    Yes, exactly! We have many structural problems than suppress wages for, and eliminate jobs of, people who are not among the elite. But now that the nation's wealth has been funneled into the hands of very few people, we need a wealth tax to fund the changes we need! Technology will eliminate even some high paying jobs- for example, A.I. is far more accurate than the highest paid radiologists at reading medical imaging. A.I. will take truck drivers' jobs, eventually. You tell me, how do you fund excellent schools, failing roads and bridges, climate change mitigation etc if the wealthy stuff their millions into foreign bank accounts and the middle class is struggling to make ends meet.

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    Re: Fox News Poll: What bugs voters most about taxes? Rich not paying enough

    Quote Originally Posted by Cassandra View Post
    Well, for starters the U.S. gives with one hand and take away with the other.


    New technologies do not require the same level of employment as manufacturing once did. Job growth has occurred most in health care and low paid service jobs.


    Unions have been undermined for decades


    Higher Ed is required for most well paid jobs and the cost of higher Ed has gone up exponentially. Young people are carrying high levels of debt.


    Job creation is localized in coastal parts of the country and not evenly distributed. These coastal communities typically have very high costs of living. (Dem candidate Andrew Yang started "Venture for America" to try to develop Start up companies in the heartland. He found (to his dismay) that successful enterprises were typically acquired and relocated to the coasts.)


    Automation is replacing many once well-paid jobs and that trend will likely accelerate


    The U.S. secondary Education system is below standard in many poor communities so that kids w even a moderately stable home lives are inadequately prepared for higher ed.


    U.S. corporations are incentivized to make decisions that will benefit investors, not employees or the public.Their boards are packed w people often elected by the C.E.O. himself. (unlike say Germany)
    If so many jobs have been eliminated, why is unemployment below 4%? Why do we have record worker participation? Why are there more jobs than candidates?

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    Re: Fox News Poll: What bugs voters most about taxes? Rich not paying enough

    Quote Originally Posted by Cassandra View Post
    Yes, exactly! We have many structural problems than suppress wages for, and eliminate jobs of, people who are not among the elite. But now that the nation's wealth has been funneled into the hands of very few people, we need a wealth tax to fund the changes we need! Technology will eliminate even some high paying jobs- for example, A.I. is far more accurate than the highest paid radiologists at reading medical imaging. A.I. will take truck drivers' jobs, eventually. You tell me, how do you fund excellent schools, failing roads and bridges, climate change mitigation etc if the wealthy stuff their millions into foreign bank accounts and the middle class is struggling to make ends meet.
    I just said 'cant be solved by having the rich pay more taxes' We tried that. They pay most of the taxes, and most of what they pay gets funneled to the poorer majority. It doesnt work. It probably makes things worse by making people dependent on govt and made to feel like victims.

    Excellent schools, roads and bridges, climate change mitigation etc, will not change people having too many kids, making bad financial decisions, or bad parenting.

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    Re: Fox News Poll: What bugs voters most about taxes? Rich not paying enough

    Quote Originally Posted by BahamaBob View Post
    If so many jobs have been eliminated, why is unemployment below 4%? Why do we have record worker participation? Why are there more jobs than candidates?
    Labor participation rates are not at record highs- that occurred in the year 2000. U.S. job participation rates are quite pathetic- compare them to France's. Furthermore, there are many farm jobs that have gone unfilled because of T's immigration policies. Who wants to pick strawberries for a living? Meanwhile, several companies will, before long, develop self driving cars and trucks - then, behold, truck drivers (a very common job for men w/o a college Ed) will be w/o a job. But A.I. will be able to do many things better than a human.

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    Re: Fox News Poll: What bugs voters most about taxes? Rich not paying enough

    Quote Originally Posted by jonny5 View Post
    I just said 'cant be solved by having the rich pay more taxes' We tried that. They pay most of the taxes, and most of what they pay gets funneled to the poorer majority. It doesnt work. It probably makes things worse by making people dependent on govt and made to feel like victims.

    Excellent schools, roads and bridges, climate change mitigation etc, will not change people having too many kids, making bad financial decisions, or bad parenting.
    What do you mean, "we tried that"? When? Even in the 50s, when tax rates on the wealthy were very high, few of the very wealthy paid the high rate because they successfully manipulated the loopholes to their advantage.

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    Re: Fox News Poll: What bugs voters most about taxes? Rich not paying enough

    Quote Originally Posted by Cassandra View Post
    What do you mean, "we tried that"? When? Even in the 50s, when tax rates on the wealthy were very high, few of the very wealthy paid the high rate because they successfully manipulated the loopholes to their advantage.
    It would be extremely interesting if we had data regarding this, especially if the data source allowed comparison across time. I am aware of a few income surveys that help track the distribution of income in the US (they follow quantiles, unfortunately, and not individuals), but to my knowledge, they do not go as far back as the 1950s. I also doubt they contain tax information, but that might just be because most people in my field use them to make sure the income and wealth distributions of their models are realistic. Regardless, it would be interesting to know the specifics of how wealthy people presumably dodge high marginal tax rates.

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    Re: Fox News Poll: What bugs voters most about taxes? Rich not paying enough

    Quote Originally Posted by jonny5 View Post
    And yet we are redistributing trillions downward. Why isnt it working?
    Taxes on the rich are not high enough. During the 1950's the top tax rate rarely declined below 91%. Since Ronald Reagan was elected president the rich have been paying lower taxes on bigger incomes.

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