• 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!

5 Ways Rich People's "Entitlements" Cheat You and Me

Why are these "entitlements" not a part of our National dialogue?

  • Total voters
    13
MaggieD said:
The first peace-time income tax in the United States was a flat 2% on incomes over $4,000. Fewer than 10% paid any tax at all. That $4,000, inflation adjusted from 1913, would be $108,000 today.

Let's go back to the good old days!!
Click to expand...

To the days of a zero revenue government?
 
The government doesn't need more tax money to redistribute to social programs. The government needs to write legislation and enforce regulations that prevent big corporations from price manipulation, monopolies, unfair trade, no-bid contracts, bail outs, influence peddling, tax evasion, etc.

The problem is the economy. The problem with the economy is that there's not enough money being earned and spent by the middle class. The government and the corporations, control a majority of the jobs and money, therefore they are the problem. Not a bunch of poorer, less fortunate people, who have little to nothing to say about how those in control of employment and the money, hire and spend it.
 
sangha said:
Actually, it's the transfer of ownership that should trigger the tax assessment

But I agree that taxes should only be assessed on the gain and not the total value of the asset
Click to expand...

fair point- I don't believe wealth remaining in a family is a proper transfer justifying taxes
 
DaveFagan said:
Well, the USA has more citizens in jail, per capita, than any other Nation. Replace those marijuana smokers in jail with bankers and society will benefit greatly. Sow some fear of prosecution in the banking community and perhaps the business community and the situation might resolve itself. Don't ignore the Military/Industrial/Corporate siphon hoses to the taxpayer wallets. They'd look good in stripes, orange jump suits, pink underwear and buttcovers with three stars so everybody will know how important they are.
Click to expand...


again, this is stuff that should be in the conspiracy section. or the butt hurt I hate the rich section
 
sawyerloggingon said:
Your incentive to work is for a paycheck, Your incentive to invest and risk losing your money is tax benefits. The tax "dodge" is one of the things that makes the risk more palatable.
Click to expand...

No, the incentive to invest is the same as the incentive to invest - to make money
 
MaggieD said:
No. Generally, after-tax money purchases the annuity. The income earned from that annuity is tax-deferred. That can, believe me, be a sizeable chunk of change. As an example, this woman purchased an annuity 30-some years ago (that and many others, by the way). When she died, the annuity cashed out at over $120,000...$100,000 was taxed on her final tax return.
Click to expand...

If it's bought with after-tax money, then it's already been taxed. At least the principal has been.

I don't know the deails of that particular annuity, but I stand by the claim that some portions of an estate can be income/gains that has never been taxed and that those moneys should be subject to an income tax.
 
MaggieD said:
The first peace-time income tax in the United States was a flat 2% on incomes over $4,000. Fewer than 10% paid any tax at all. That $4,000, inflation adjusted from 1913, would be $108,000 today.

Let's go back to the good old days!!
Click to expand...

Yes, the good ole days, when life expectancy was much lower, and income and standards of living were too!! But hey, you could always make up the difference by putting your kids to work in a factory instead of wasting their time in school

Pining for the good ole days is just a short step away from yelling at the kids to get off your lawn :wink:
 
TurtleDude said:
again, this is stuff that should be in the conspiracy section. or the butt hurt I hate the rich section
Click to expand...

What's the matter with you. Are you stuck on that conspiracy BS, like a stutterer gets stuck on b-b-bb-b-b--bT. Or what?
 
DaveFagan said:
What's the matter with you. Are you stuck on that conspiracy BS, like a stutterer gets stuck on b-b-bb-b-b--bT. Or what?
Click to expand...

your rants about the rich sound like paranoid conspiracy thread stuff
 
TurtleDude said:
your rants about the rich sound like paranoid conspiracy thread stuff
Click to expand...

I'm ranting about free taxpayer money being given to those that least need it. Maybe even an incompetent shrink could cure your paranoid, obsessive/compulsive delusions, or not. I mean, for sure, you know that I know that Jamie Dimon deserves that $20 million dollar stipend because of all those jobs he didn't create and helping the Plunge Protection Team prevent "free market" ambiguity. Hot dam' y'all, al swar, tain't no greater place to be wealthy and they even throws that cash at them Corporate "willies." The welfare queens are tall and proud and live on Wall Street. Perhaps you suffer from paradigm duality.
 
DaveFagan said:
*massive wall of text in a slew of varied font sizes*
Click to expand...
Other.

IMO, the issue only exists because becoming one of those "entitled" has become increasingly difficult over the years - in part, I think, because those who already have it want to protect it, and have the money to buy politicians so they can.

Thus we have convoluted laws for everything, which require either lots of people or lots of time in order to follow and/or find loopholes in. This situation both supports the profession of lawyers, and means that the entities best able to cope are large corporations which posses the necessary funds to hire said lawyers.

It also means that for an individual or group to enter the market with a service/product is far more complicated than it should be.


In short, I blame government for the situation you outline. Of course, by doing so, I in part blame those who voted for said government....
 
DaveFagan said:
5 Ways Rich People's "Entitlements" Cheat You and Me
[url]http://www.informationclearinghouse.info/article37608.htm[/URL]

"By Paul Buchheit
February 10, 2014 "Information Clearing House - "Alternet" - The word 'entitlement' is ambiguous. For working people it means "earned benefits." For the rich, the concept of entitlement is compatible with the Merriam-Webster definition: "The feeling or belief that you deserve to be given something (such as special privileges)." Recent studies agree, concluding that higher social class is associated with increased entitlement and narcissism."

"1. Income: Mocking Our 'Progressive' Tax System
2. Wealth: Trillions in Financial Gains, Zero Tax
3. Financial Transactions: Trillions in Speculative Purchases, Zero Tax
4. Subsidies: Alms for the Rich

"Cheated

 There's more. A regressive payroll tax, an almost nonexistent estate tax, the lower capital gains rate on carried interest for investment managers, trillions socked away in tax havens -- all involve tax avoidance by wealthy Americans who feel entitled to their privileged positions.

Entitlements for the rich mean cuts in safety net programs for children, women, retirees, and low-income families. They threaten Social Security. They redirect money from infrastructure repair, education, and job creation.

And the more the super-rich take from us, the greater their belief that they're entitled to the wealth we all helped to create."

This is a view of entitlements of the rich, not the average retired or disabled or poor.

Entitlement seems to be a paradigm that can't be rectified by optics.

In truth, the taxpayer provided infrastructure does enable the wealthy.
​

Poll questions because I have lost the access to post them

Why are these "entitlements" not a part of our National dialogue?

Options:

Political pressure from the wealthy.

Ignorance of the non-wealthy.

It's simply not true.

Other.
Click to expand...

Let us know when they get to half what the liberal socialist agenda costs us.

Yeah, you hate rich people and think they rip you off because they earn more than you. Waaaaaaaaaa. Try doing something worth a **** that earns you more instead of wasting time complaining and worrying about what others have.
 
DaveFagan said:
5 Ways Rich People's "Entitlements" Cheat You and Me
[url]http://www.informationclearinghouse.info/article37608.htm[/URL]

"By Paul Buchheit
February 10, 2014 "Information Clearing House - "Alternet" - The word 'entitlement' is ambiguous. For working people it means "earned benefits." For the rich, the concept of entitlement is compatible with the Merriam-Webster definition: "The feeling or belief that you deserve to be given something (such as special privileges)." Recent studies agree, concluding that higher social class is associated with increased entitlement and narcissism."

"1. Income: Mocking Our 'Progressive' Tax System
2. Wealth: Trillions in Financial Gains, Zero Tax
3. Financial Transactions: Trillions in Speculative Purchases, Zero Tax
4. Subsidies: Alms for the Rich

"Cheated

 There's more. A regressive payroll tax, an almost nonexistent estate tax, the lower capital gains rate on carried interest for investment managers, trillions socked away in tax havens -- all involve tax avoidance by wealthy Americans who feel entitled to their privileged positions.

Entitlements for the rich mean cuts in safety net programs for children, women, retirees, and low-income families. They threaten Social Security. They redirect money from infrastructure repair, education, and job creation.

And the more the super-rich take from us, the greater their belief that they're entitled to the wealth we all helped to create."

This is a view of entitlements of the rich, not the average retired or disabled or poor.

Entitlement seems to be a paradigm that can't be rectified by optics.

In truth, the taxpayer provided infrastructure does enable the wealthy.
​

Poll questions because I have lost the access to post them

Why are these "entitlements" not a part of our National dialogue?

Options:

Political pressure from the wealthy.

Ignorance of the non-wealthy.

It's simply not true.

Other.
Click to expand...

Another Mister Magoo Thread

mister_magoo_wallpaper-29551.jpg
 
If you're not getting benefits that rich people are under the law, why are you blaming the rich people? It's not like you would act any differently under the same circumstances - you should be pointing fingers on the nature of the political system, which is that rich people always have and always will control it.
 
Quadrewple said:
If you're not getting benefits that rich people are under the law, why are you blaming the rich people? It's not like you would act any differently under the same circumstances - you should be pointing fingers on the nature of the political system, which is that rich people always have and always will control it.
Click to expand...

Doesn't have any thing to do with that. Just trying to inform those that have the need to know. That'd be you and me, Grandma and the dog.
 
You must log in or register to reply here.
Back
Top Bottom