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What purpose did the tax cut for the wealthiest serve?

presluc said:
Unemployment across America is higher than 2%.

This should be easy for you, think money.

The more people that are working the more taxes are going into the American government.
If not the government will get their tax money in other areas like rich areas.:peace
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And the more they et paid the more in taxes they pay.
 
presluc said:
Unemployment across America is higher than 2%.

This should be easy for you, think money.

The more people that are working the more taxes are going into the American government.
If not the government will get their tax money in other areas like rich areas.:peace
Click to expand...

that makes no sense. How does jacking up taxes on the top 2% of taxpayers solve the unemployment problem

and why should the rich pay even more just because others claim they cannot pay any?
 
TurtleDude said:
so jacking up taxes on those who pay a ton of the taxes is going to create jobs for others?
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No. The wealthy don't create jobs, they eliminate them. We've been over this. Via off-shore outsourcing, machinery that replaces workers, mergers that cut work forces, or outright layoffs.

Creating more demand for American made products is how you create jobs. To do that, the 50% of us struggling need more discretionary income to not just buy... but save.

Buying products and services creates jobs. Buying locally creates jobs. Tell me, with 80% of the wealth, how many bars of soap do you think the very wealthy buy compared to everyone else?

We've been over this too...

Productivity way up (that's how efficiently the WORKERS make PRODUCTS or fulfill services sold by the company)
Exec pay up 400%
Profits up 105%
Worker salaries DOWN 4%

Let's call it a tax for raping the American worker. There is no other way to see it. The managers make more, the stockholders make more, the board makes more, but the lowly worker is asked to sacrifice time of his life to make someone else with less than no benefit to his increased productivity or profit from his labor? History and even the bible tell us that concentration of wealth into the hands of a few is very bad for any economy. Why? Because money is a commodity of life. If you corner the market on that commodity, there can be no commerce between regular folks in a regulated system. No commerce, no jobs, no taxes. The gov't must have money to operate, so it will, by the will of the people, go to where the money has been allowed to accumulate.
 
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Occam's Razor said:
No. The wealthy don't create jobs, they eliminate them. We've been over this. Via off-shore outsourcing, machinery that replaces workers, mergers that cut work forces, or outright layoffs.
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It's a stretch to say this. There are lots of wealthy people out there who do create jobs. Take for instance the guy who created Groupon; he's wealthy and created a lot of jobs here in Chicago (where I live). You're just focusing on the negatives.



Occam's Razor said:
Productivity way up (that's how efficiently the WORKERS make PRODUCTS or fulfill services sold by the company)
Exec pay up 400%
Profits up 105%
Worker salaries DOWN 4%
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I agree that Executive pay can be excessive at times, but hey gives me more motivation to work hard and become an Exec!

It's my belief that human greed and stupidity will likely destroy an economy run on pure capitalism if you give it enough time. That's just how it goes... but the ride until that destruction sure is a heck of a lot of fun, especially if you're successful.


Occam's Razor said:
Let's call it a tax for raping the American worker. There is no other way to see it. History and even the bible tell us that concentration of wealth into the hands of a few is very bad for any economy. Why? Because money is a commodity of life. If you corner the market on that commodity, there can be no commerce between regular folks in a regulated system. No commerce, no jobs, no taxes. The gov't must have money to operate, so it will, by the will of the people, go to where the money has been allowed to accumulate.
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One day, when the human race is smarter as a collective whole, we will do away with fiat money.
 
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David D. said:
It's a stretch to say this. There are lots of wealthy people out there who do create jobs. Take for instance the guy who created Groupon; he's wealthy and created a lot of jobs here in Chicago (where I live). You're just focusing on the negatives.
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Ahhh.... that's just it, he became wealthy by growing a new company/technology. Much different than an established company. Startups see huge numbers in growth of jobs and profit. However, once he is past the certain point of longevity, he too will start to cut his workforce. Much different scenario. It's a tenet of business... keep costs down. Machines are cheaper than people. That simple.





I agree that Executive pay can be excessive at times, but hey gives me more motivation to work hard and become an Exec!
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How trite... Not everyone wants to be an exec. Some builders, fireman, police, landscapers LOVE their work. So your solution is we should all become executives? LMAO... that was not the American dream.

It's my belief that human greed and stupidity will likely destroy an economy run on pure capitalism if you give it enough time. That's just how it goes... But the ride up until that destruction sure is a heck of a lot of fun, especially if you're successful.
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Unreal... Hey... ever try heroin? Addicts and junkies use the same rationalization... sure, it's killing me, but what a ride...

Greed and stupidity will destroy any economic system. How do we know, because it has... all throughout history. That is why the founders attempted to warn us, educate us and give us the tools to protect tyranny, not just from gov'ts, but from private interests as well... think East India Trading Co.

One day, when the human race is smarter as a collective whole, we will do away with fiat money.
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We are plenty smart enough already. Just not well informed.
 
Occam's Razor said:
Ahhh.... that's just it, he became wealthy by growing a new company/technology. Much different than an established company. Startups see huge numbers in growth of jobs and profit. However, once he is past the certain point of longevity, he too will start to cut his workforce. Much different scenario. It's a tenet of business... keep costs down. Machines are cheaper than people. That simple.
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Like it or not the guy still = wealthy person, so you need to be careful when saying "all wealthy this" or "all wealthy that". It's our over-generalizations that get us in trouble.


Occam's Razor said:
How trite... Not everyone wants to be an exec. Some builders, fireman, police, landscapers LOVE their work. So your solution is we should all become executives? LMAO... that was not the American dream.
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Was more or less being sarcastic with my quote but anyways even builders, fireman, police, and landscapers who LOVE their work are usually welcoming of the idea of making more money. Who isn't? I think that the great majority of people in the lower/middle class, if surveyed, would say that they would probably want to make more money. I know I would. A higher position in your respective field, along with the prospect of making more money to bring home to your family is always a good motivator to work harder, be more efficient, ect.



Occam's Razor said:
Unreal... Hey... ever try heroin? Addicts and junkies use the same rationalization... sure, it's killing me, but what a ride...
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I wouldn't liken capitalism to heroin because when the druggie gets off heroin he has a much better, sober world awaiting him/her. When we get off capitalism, we have no actual viable system awaiting us. Capitalism is the best thing we got right now.




Occam's Razor said:
We are plenty smart enough already. Just not well informed.
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Well if we're not well informed collectively, wouldn't that make us not that smart collectively as well? ;)
 
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David D. said:
Like it or not the guy still = wealthy person, so you need to be careful when saying "all wealthy this" or "all wealthy that". It's our over-generalizations that get us in trouble.
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The "over-generalization wasn't my implication... but wholly your inference.



Was more or less being sarcastic with my quote but anyways even builders, fireman, police, and landscapers who LOVE their work are usually welcoming of the idea of making more money. Who isn't? I think that the great majority of people in the lower/middle class, if surveyed, would say that they would probably want to make more money. I know I would. A higher position in your respective field, along with the prospect of making more money to bring home to your family is always a good motivator to work harder, be more efficient, ect.
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Truly, this makes me sad and sick at the same time. We are already working hard, as shown by increased productivity, increased profits, etc. The problem isnt that we aren't working hard, it's that executive pay is four times the increase of the profits... while the cost of living skyrockets, and worker salaries go DOWN. The "motivator" SHOULD be to share in the success of the company... not to be told "you're not working hard enough... LMAO...

I wouldn't liken capitalism to heroin because when the druggie gets off heroin he has a much better, sober world awaiting him/her. When we get off capitalism, we have no actual viable system awaiting us. Capitalism is the best thing we got right now.
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Too bad this isn't capitalism...

Well if we're not well informed collectively, wouldn't that make us not that smart collectively as well? ;)
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Not at all. It makes them ill or mis-informed. Not stupid. So, you're saying everyone that fell for the Catholic Churches insistence that the earth was the center of the universe, was an idiot?

This is my last post to you... this is tedious and silly.

Good night.
 
Occam's Razor said:
Truly, this makes me sad and sick at the same time. We are already working hard, as shown by increased productivity, increased profits, etc. The problem isnt that we aren't working hard, it's that executive pay is four times the increase of the profits... while the cost of living skyrockets, and worker salaries go DOWN. The "motivator" SHOULD be to share in the success of the company... not to be told "you're not working hard enough... LMAO...
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All I said is that money and the prospect of earning more money is a motivator, and I think that statement holds true in many work-related scenarios. Not sure why this fact makes you 'sick' and sad simultaneously.

That said, I agree, execs are paid too much. One option would be for 'good' people who believe that execs are generally paid too much to work their way up to the exec position, and once reaching that level they will lower their pay to a more reasonable level, thus correcting the issue.


Occam's Razor said:
Too bad this isn't capitalism...
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It's close enough.



Occam's Razor said:
Not at all. It makes them ill or mis-informed. Not stupid. So, you're saying everyone that fell for the Catholic Churches insistence that the earth was the center of the universe, was an idiot?
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Well, keyword = "collective".

And yes, anyone who fell for that Catholic Bull#$** was an idiot, you can put that on the record.

Occam's Razor said:
This is my last post to you... this is tedious and silly.

Good night.
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Agreed, g'night.
 
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haymarket said:
did I miss the part where you answered the question? Or do you unable to provide information on these "qualifiers" that you introduced into the discussion?
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Do you know what taxes are actually for? It's a pretty straight forward question.
 
Henrin said:
Do you know what taxes are actually for? It's a pretty straight forward question.
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To build roads so GM can sell more cars and people can use more oil, DUH!
 
What purpose did the tax cut for the wealthiest serve?

Ill keep it simple
To keep the corrupt people at the top happy that line the pockets of the corrupt people in government.

No I'm not saying they are all corrupt.
 
Henrin - still awaiting an actual answer from you about these all important and crucial "qualifiers" that are so crucial to your position on taxation.
 
winston53660 said:
And the more they et paid the more in taxes they pay.
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Were you refering to the American worker or rich CEOS.

Working Americans have less jobs fact.

Where's the economy today?:peace
 
TurtleDude said:
that makes no sense. How does jacking up taxes on the top 2% of taxpayers solve the unemployment problem

and why should the rich pay even more just because others claim they cannot pay any?
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Makes perfect sense, the government is based on Capitaloism you get capital from taxes.

If the majority of people have no or little income where do you get taxes from.

If you think politicians are going to take a salary cut think again.
If you think the Pentagon is taking less money for defence contracts and salaries think again .
After that you got the lobbyist to deal with
after that human rights.
All cost money all from taxes., ya can't just keep printing money.:peace
 
winston53660 said:
To build roads so GM can sell more cars and people can use more oil, DUH!
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Uhh, don't you mean build more roads so Japan can sell more cars.:peace
 
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David D. said:
Socialists promote Billionaires with loud voices?
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If you were a real conservative you wouldn't be asking a question like that.
 
presluc said:
Unemployment across America is higher than 2%.

This should be easy for you, think money.

The more people that are working the more taxes are going into the American government.
If not the government will get their tax money in other areas like rich areas.:peace
Click to expand...

Using logic give me one reason that business would want to create jobs here in america, the repubs can use lower corporate tax rates but that is nothing more then the same dog and pony show BS we have seen with the Bush tax cuts, employment as we knew it is gone from America, big business has no incentive to re-invest in America when they can build in China and other countries where labor costs are 1/10th what they pay here

The only job growth we could see in America are jobs created by the government and we know that the republicans will fight that all the way to 2012, If you want America to survive vote out all of the republicans and demand that the government puts high enough import taxes on foreign made goods to create a competitive environment for American workers
 
EarlzP said:
Using logic give me one reason that business would want to create jobs here in america, the repubs can use lower corporate tax rates but that is nothing more then the same dog and pony show BS we have seen with the Bush tax cuts, employment as we knew it is gone from America, big business has no incentive to re-invest in America when they can build in China and other countries where labor costs are 1/10th what they pay here

The only job growth we could see in America are jobs created by the government and we know that the republicans will fight that all the way to 2012, If you want America to survive vote out all of the republicans and demand that the government puts high enough import taxes on foreign made goods to create a competitive environment for American workers
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what a silly prescription of hackery and voodoo economics. Your beloved dems have screwed the pooch
 
TurtleDude said:
what a silly prescription of hackery and voodoo economics. Your beloved dems have screwed the pooch
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Some people never learn and then thier is the group that prays on them, the libertarians like you and your heroes the republicans
 
EarlzP said:
Some people never learn and then thier is the group that prays on them, the libertarians like you and your heroes the republicans
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Yawn. most of those who are poor are poor not because of what others have done to them but rather what they have done or not done to/for themselves
 
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