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*Yawn* More opinion and no facts....
Yeah, clamoring for higher rates is "fact". Slurpage without substance
*Yawn* More opinion and no facts....
I KNEW it. If some people had their way, there would be no end to the tax burden, all the way up to 90% of someone's income. A lot of people (ok, on the left) deny that they want taxation to get up into the 70-90% range, which doesn't really follow. If someone believes higher taxes are the right answer, then it makes sense that that person would believe that the more taxation the better ~ which is pretty much exactly what this post argues.
Excellent point, the evil of the current system is that the politicians who buy the votes of people like OR and Catawba have no incentive to stop that buying until the rates hit 100% on the top brackets. as long a they can pander to a majority of the voters who do not pay the top rates, they have no limit until 100% on the top brackets. NONE of the wealth confiscaters have ever addressed that point and one has publicly admitted that the wealth of the rich is held completely at the whim of the masses and if the masses decide to impose a 100% tax on anyone making more than 200K, 400K etc its ok with him and PROPER
That's never going to happen TD, X Factor, you're exaggerating.
Our Congress is made up of (mostly) millionaires. Why would they vote for all of their income to be taxed away?
True, it won't hit that rate NOW but you assume the masses will always vote for millionaires (before they take office)
what facts
Like what? Banking? The banking crisis started with government.
What in the **** are you talking about? A living wage like I have said before is economically unsound. Its a liberal pipe dream, like the minimum wage was. They both assume far to much about the market without actually looking into those assumptions when going in.
Well.. I guess I shouldn't say minimum wage went in without taking them into account. It damn well knew it would discriminate against low skill workers and it knew it would do nothing to raise quality of life. But all the same, the people that believe in what is it is sold as today believe in a pipe dream that never was and never will be.
And I have no idea why its the responsibly of the rich to pay for the debt.
Corporations are the product of govt. Try your rant again after you figure that out.
Taxing wealth is not the way to get wealth back in your hands. First..
"Corporations are the product of govt. "
Second, it called the market. Use it.
You do realize that is utter stupidity I hope. Even with the government helping in the creation of corporations what you get in your life is in your control.
Get a clue...seriously.
And your emotional arguments mean nothing. Use economic arguments please.
"If you want the tax burden to be more equal, earnings for EVERYONE must rise with rises in productivity (which we have) and rises in profits (which we have). The rise in productivity is almost exclusively the domain of the worker, any profits based on that should be passed to those responsible for it, period, not co-opted by those that control the flow of finances. High marginal tax rates on the wealthiest discourage this behavior. When taxes are in the 70%-90% range, directors and owners are less likely to steal 400% more on 104% rise in profits and instead return more of that to the worker rather than be taxed on it.
The first part of the problem is that our current code only has six brackets. And the top bracket tops out at about $375k. Meaning someone that in today's economy is just doing pretty well is paying the same rate as the top one tenth of one percent, the 400 wealthiest holding 85% of the wealth. There should be 12-16 tax brackets.
Current
Head of Household
Marginal Tax Rate...............Tax Brackets
10.0%............................. $0 $11,95
15.0% ............................. $11,950 $45,55
25.0%............................. $45,550 $117,65
28.0%............................. $117,650 $190,55
33.0%............................. $190,550 $373,65
35.0%............................. $373,650 and up"
That is more opinion that is not supported by the facts you have posted
high taxes on the rich do not pass profits to those who you claim make the profits
Thanks for your opinion!
many of them are deluded into thinking that more and more government handouts are GOOD for them
just as junkies think more fixes are to their benefit
Yeah and many CEO'S of corporations actualy believe they can count on the American consumer to buy only American.
Just as drug pushers depend on the stupidity of Americans, and actualy think they will always benifit and never pay the consequences.eace
what facts, he makes claims that confiscatory tax rates are good-that is not a fact, he is a classic wealth confiscating lefty who opines without proof
I KNEW it. If some people had their way, there would be no end to the tax burden, all the way up to 90% of someone's income. A lot of people (ok, on the left) deny that they want taxation to get up into the 70-90% range, which doesn't really follow. If someone believes higher taxes are the right answer, then it makes sense that that person would believe that the more taxation the better ~ which is pretty much exactly what this post argues.
We had a much healthier distribution of income/wealth when we had higher marginal rates.
With high marginal rates, business owners and investors have a greater incentive to reinvest in a business (capital and labor), as the government is essentially subsidizing that reinvestment and less incentive to take cash out of the business in the form of salary, where it will be taxed.
We should have high marginal rates on very high income and low capital gains rates, again to encourage long-term investment and long-term thinking.
Funny, that the middle class began eroding away once we started whacking away at high marginal rates? We can not have a strong economy without a strong middle class.
What's the point of investing in business and jobs, if you're not allowed to make money on it, or have to give most of it to the government? Let's be honest, you all are not concerned with businesses or investors, those are the bad guys, right? This is simply about, what you believe, to be a "healthier" redistribution of wealth (as upsideguy pretty much said in his post).
Excellent point, the evil of the current system is that the politicians who buy the votes of people like OR and Catawba have no incentive to stop that buying until the rates hit 100% on the top brackets. as long a they can pander to a majority of the voters who do not pay the top rates, they have no limit until 100% on the top brackets. NONE of the wealth confiscaters have ever addressed that point and one has publicly admitted that the wealth of the rich is held completely at the whim of the masses and if the masses decide to impose a 100% tax on anyone making more than 200K, 400K etc its ok with him and PROPER
That's never going to happen TD, X Factor, you're exaggerating.
Our Congress is made up of (mostly) millionaires. Why would they vote for all of their income to be taxed away?
Yeah and many CEO'S of corporations actualy believe they can count on the American consumer to buy only American.
Just as drug pushers depend on the stupidity of Americans, and actualy think they will always benifit and never pay the consequences.eace
extreme avarice=buying votes so you can gain office using the money of others
there should be no such thing as tax brackets. that encourages politicians to pander to the lower brackets by promising them more spending paid by increasing the rates on the top brackets
and of course, your side engages in such buying of votes do they? They are virtuous virgins who have many children but have never engaged in anything as icky as sexual intercourse.
Your naiveté is rather humorous.
extreme avarice=buying votes so you can gain office using the money of others
It is noted you did not refute any of the facts posted here:
http://www.debatepolitics.com/polls/106017-purpose-did-tax-cut-wealthiest-serve-99.html#post1059785149
You still haven't figured out what are material facts.
They are material. You just can't refute them so you evade them. Who do you think you are fooling anyway?
facts cannot be refuted.
facts cannot be refuted. faulty opinions based on them can be. You whine about the distribution of wealth but your opinions on that are not supported by facts.
You want higher taxes on the rich. yet your call for higher brackets for the top income earners is an opinion that is not made "correct" by your rants or the facts you cite
Yet to see any of these facts you keep trumpeting.
I see others posting graphs, links, articles, quotes, etc...
I have seen nothing from you except some references to some elusive and apparently super secret facts.
You certainly have done nothing to support or justify your refutations of anything.
Do those objections usually work for you in court? Or do you hear "OVERRULED" ... a lot!
fact-the rich have x amount of money
Opinion-that is bad
the fact does not make the opinion more persuasive or "correct"
fact-there are 6 tax brackets
Opinion-we need more tax brackets