Should the incomes of the wealthy be cut down to size?

[BahamaBob]

There is plenty of tax money. The problem is too much spending. We pay in taxes about as much as the entire GDP of Germany. However, we will never be able to get it under control until everyone has skin in the game. Now we have a small group paying almost all the taxes and a parasite class that always wants more free stuff. Until the parasites start having to reach into their own pockets they will always want more,

 

[rickc]

There is plenty of tax money. The problem is too much spending. We pay in taxes about as much as the entire GDP of Germany. However, we will never be able to get it under control until everyone has skin in the game. Now we have a small group paying almost all the taxes and a parasite class that always wants more free stuff. Until the parasites start having to reach into their own pockets they will always want more,

Now that right there is funny i don't care who you are.

 

[Drawdown]

If you think they should be cut down, I have some questions.

1. Cut down for what purpose? ___________________
2. Cut down, how can they hire workers?__________________
3. Does the rising tide, lift all voters (er boats?)__________________
4. What happens to the new rich, such as Jeff Bezos? You do realize he started out poor and advanced his income by making your life easier? So since he is so good at cutting your expenses, do you gain by cutting back, laying off his workers?

This is only the beginning. We have thousands of the rich that bid for your food and sell it you cheap. You can purchase new autos due to the purchasing po:2dance:wer the rich have plus they cut down your costs of owning cars.

So should incomes be severely curtailed?__________________________

I totally disagree with you about car pricing, but the richer they are, the bigger my 401K :2wave:

 

[TurtleDude]

Now that right there is funny i don't care who you are.

true as well

 

[rickc]

There is plenty of tax money. The problem is too much spending. We pay in taxes about as much as the entire GDP of Germany. However, we will never be able to get it under control until everyone has skin in the game. Now we have a small group paying almost all the taxes and a parasite class that always wants more free stuff. Until the parasites start having to reach into their own pockets they will always want more,

Step back a few years to the Obama presidency. Republicans were doing everything they could to keep Obama from spending money. Remember sequester. Now how much budget cutting did the republicans do under sequester?

 

[danielpalos]

If you think they should be cut down, I have some questions.

1. Cut down for what purpose? ___________________
2. Cut down, how can they hire workers?__________________
3. Does the rising tide, lift all voters (er boats?)__________________
4. What happens to the new rich, such as Jeff Bezos? You do realize he started out poor and advanced his income by making your life easier? So since he is so good at cutting your expenses, do you gain by cutting back, laying off his workers?

This is only the beginning. We have thousands of the rich that bid for your food and sell it you cheap. You can purchase new autos due to the purchasing po:2dance:wer the rich have plus they cut down your costs of owning cars.

So should incomes be severely curtailed?__________________________

Equal protection of the laws for the Poor is what should happen. We should have no homeless problem in our first world economy. Employment is at the will of either party not just an employer for any benefits administered by the State for the general welfare.

 

[Indie guy]

Oh yeah, really? Take a guess on how much money Jeff Bezos paid in income tax last year? 0%

Warren Buffet, one of the wealthiest men in the top 1% said that his secretary pays more federal income tax than he does.

NO, the super wealthy do NOT pay their 'fair share' of income tax.

Blame that on all the tax credits. A tax credit is really the same thing as a government handout, and if you think it's only the ultra-wealthy that take advantage of these credits, think again.

New parents of low to moderate incomes are especially fond of the earned income tax credits. In addition there's the child tax credit which parents can qualify for $2,000 per kid. Imagine what a family of 10 can get back.

All in all, many people pay don't pay their share. Many senior citizens don't even have to file.

 

[Indie guy]

Step back a few years to the Obama presidency. Republicans were doing everything they could to keep Obama from spending money. Remember sequester. Now how much budget cutting did the republicans do under sequester?

Republicans and democrats like to spend our money, so both parties are the same when it comes to the federal budget. The only real difference is where they spend our money.

 

[CaughtInThe]

That will never happen. The uber wealthy will continue to get more rich and the majority of people (tons of republicans) will scrape to get by and pay their medical bills, etc.

They are one lost job or one major medical issue away from bankruptcy.

 

[presluc]

1-Please feel free to fail at showing a single instance where you have ever seen me defend a corporate bailout. What I DO defend against is the idiotic tendency of socialists to blame corporations for their own pathetic existences. And yeah...you will find LOTS of examples of that.
2-Nice dodge...now answer the question. Who controlled the budget in 2007?
Your 3 was I assume supposed to be 4...and again you fail miserably at answering the question. The federal government does not pay for teachers or schools. You wont find me defending exorbitant federal taxes for redundant federal programs like the Dept of Education. I think that rather than sending state money to the fed for that money to be burned in bureaucracy, the fed Dept of Education should be killed and the states should keep their money and better apportion it a required. BUT...if you are bitching and moaning about teachers salaries and education spending, blame yourself, blame you sate...because thats your job. Do your job.

And before you bitch about taxing corporations, you should actually do abetter job at understanding corporations. People like and AOC bitched about Amazon and cost their city billions in jobs and tax revenue...because you dont understand who and what you are demonizing.

Look..Ive said it before. You dont like corporations...fine. You know what would be awesome? People like you build your wonderful commie socialist workers utopias RIGHT NOW. Invest YOUR money,..your work...put YOUR ass on the line. Get investors...hell...Bernie would probably mortgage a few houses to help you out....right? EVERYONE talks big **** about corporations and capitalists and blah blah blah...until you are given the task to put up or shut up. Then....all you have are excuses.[/QUOTE.

Just one moment there people like who when you said people like me who do you mean people that worked in factories for over 30 years, people like me who served their country, people like me who marched for Civil Rights, people like me has voted in every election since I was old enough to vote only missed while serving my country.
People like me who see's something wrong and questions it without looking at my political parties handbook.

As far as socialism is concerned , I know what socialist backed government is , it would never work hear not the kind you guys are talking about too many people in government would stop any form of socialist government having free heath care or College is not a socialist government .

Now if you are looking for an alternative government that is threatening democracy you might want to look into Fascist dictators.
Most say they are the chosen one sound familiar.
Most say they can pretty much do what they want sound familiar.
If you cross their leader you will be fired or dismissed
If the leaders friend gets in trouble that's ok a call to the AG, and even after being tried found guilty by jury now being looked into WHY??
If a leaders friend gets in trouble is arrested for a crime confess to the crime a call to the AG and another trial being looked into??? WHY.
This is not crumps of health care and college education socialism of a group of Americans
This my friend is power real POWER by ONE PRESIDENT controls over half of the Congress t a huge part of the judiciary process and complete control of the white house administration and staff .
All he likes for complete power is the media and the people which side you gonna be standing on because you keep doing like the rest keep making excuses.

Just remember I said this before when not if WHEN Trump falls anybody that was close to him politically will become collateral damage.eace

 

[EnigmaO01]

If you think they should be cut down, I have some questions.

1. Cut down for what purpose? ___________________
2. Cut down, how can they hire workers?__________________
3. Does the rising tide, lift all voters (er boats?)__________________
4. What happens to the new rich, such as Jeff Bezos? You do realize he started out poor and advanced his income by making your life easier? So since he is so good at cutting your expenses, do you gain by cutting back, laying off his workers?

This is only the beginning. We have thousands of the rich that bid for your food and sell it you cheap. You can purchase new autos due to the purchasing po:2dance:wer the rich have plus they cut down your costs of owning cars.

So should incomes be severely curtailed?__________________________

Dude still can't figure out how do do a poll? :lamo

And some of us got our wealth via honest means and working smart. I don't believe in Marxism. OTOH some of us out there refuse to pay their fair share in taxes. That needs to end.

 

[presluc]

Dude still can't figure out how do do a poll? :lamo

And some of us got our wealth via honest means and working smart. I don't believe in Marxism. OTOH some of us out there refuse to pay their fair share in taxes. That needs to end.

Many Americans today only want to work at a fair wage pay taxes, and live comfortably if they have to give up extra taxes , as long as they make enough to work and live comfortable so what? It is for the benefit of America is it not??

Rich , working class, poor working class , elderly, poor , are we all not Americans, do we stand for the progress of America or the progress of the particular class we are in , or perhaps the particular political party we belong to or just the well being of one ? United we stand, divided well look around.eace

 

[mrjurrs]

It would truly benefit almost every citizen for Trump to be using the Reagan system. But Democrats are out to prevent using that system. Trump has to make do with his Democrats resistance.

You are far too emotional to be in this thread given you do not understand economics.

Reagan's view of economics is the basis of our current economic woes. Choose any economic graph featuring workers and national debt. Look at what happens beginning in the early 80's.

 

[antiquity]

I don't think their wealth should be cut down but it should be taxed appropriately. The United States is a country based on capitalism and free enterprise that's controlled by them, not their government. However, the system is slanted to give vast advantages to the wealthy by tax breaks. The top 1% controls the wealth while the bottom 99% or so owns the debt. Just a tiny small faction of the income of the top bracket of wealth would be enough to fund infrastructure revitalization or repair and provide funding for other programs for the benefit of all people.
[h=2][/h]

BS....According to the Department of the Treasury office of Public Affairs... The top 5% paid 53.8% of all in individual income taxes but made 30.6% of the total income. The top 1% of taxpayers paid 33.7% of all individual income taxes...The top 50% of taxpayers by income pay virtually all individual income taxes at 96% while the bottom 50% payed 3.6% in federal income taxes....According to the latest report by the Treasury Department.

 

[rickc]

BS....According to the Department of the Treasury office of Public Affairs... The top 5% paid 53.8% of all in individual income taxes but made 30.6% of the total income. The top 1% of taxpayers paid 33.7% of all individual income taxes...The top 50% of taxpayers by income pay virtually all individual income taxes at 96% while the bottom 50% payed 3.6% in federal income taxes....According to the latest report by the Treasury Department.

Obviously 50% of Americans are not being paid enough

 

[rickc]

Reagan's view of economics is the basis of our current economic woes. Choose any economic graph featuring workers and national debt. Look at what happens beginning in the early 80's.

 

[antiquity]

Obviously 50% of Americans are not being paid enough

I can guarantee you that the vast majority of people in the world would love been paid like the bottom 50% of Americans.

 

[Sampson Simpson]

I don't think their wealth should be cut down but it should be taxed appropriately. The United States is a country based on capitalism and free enterprise that's controlled by them, not their government. However, the system is slanted to give vast advantages to the wealthy by tax breaks. The top 1% controls the wealth while the bottom 99% or so owns the debt. Just a tiny small faction of the income of the top bracket of wealth would be enough to fund infrastructure revitalization or repair and provide funding for other programs for the benefit of all people.
[h=2][/h]

Whatever the solution, the current situation is unsustainable. THe right need to stop worshipping he rich that keep their salaries stagnant, cut benefits, outsource jobs overseas,pollute the environment, and other damaging things they do solely to make the most profit possible, when they already have so much.

But the right is duped by the rich to blame brown people for all their problems.

 

[swing_voter]

If you make over $32,000 a year, you're in the top 1% of wage earners globally.


Do you want to give up half of your $32,000 so that some Haitian can live better? Would you be happy with $16,000 a year?

 

[antiquity]

If you make over $32,000 a year, you're in the top 1% of wage earners globally.


Do you want to give up half of your $32,000 so that some Haitian can live better? Would you be happy with $16,000 a year?

Having been and worked in Haiti and seen how people live there I don't think the poor in that sh.. hole', yes it is a sh.. hole, how they could cope with an added 16K. First they would be robbed and/or second they squandered it on drugs and/or Juju witchcraft nonsense.

 

[eman623]

Steve Jobs was already a billionaire from the Apple II and Mac before he rejoined Apple to invent the smartphone.

If Jobs had already "maxxed out" his lifetime wealth (and went far over according to the socialists like Bernie who don't think there should even be any billionaires), what incentive would he have had to invest the time and energy if he would not be allowed to keep any of the profits from it?

 

[BahamaBob]

Reagan's view of economics is the basis of our current economic woes. Choose any economic graph featuring workers and national debt. Look at what happens beginning in the early 80's.

How convenient to forget the Carter years with double digit unemployment and inflation.

 

[BahamaBob]

I always look at what people do not what they say. Sanders preaches being generous and the rich should be happy to help other. Yet, he is a multi millionaire and gives nothing to charity. We see the same with other politicians. Al Gore, preaches living green but uses more energy in a month than most do in a lifetime.

Others like Bezos and Gates use their money to help. These guys I can respect.

 

[rickc]

If you make over $32,000 a year, you're in the top 1% of wage earners globally.


Do you want to give up half of your $32,000 so that some Haitian can live better? Would you be happy with $16,000 a year?

What exactly has that got to with a middle class life in america?

Use an inflation calculator on what you were paid when you entered the workforce and what.that entry level job would have to pay now just to stay even.

And and the core inflation rate doesn't even come close with homes and vehicles

Comparing the cost of living between 1975 and 2015: You are being lied and fooled when it comes to inflation data and the cost of living.

 

[mrjurrs]

How convenient to forget the Carter years with double digit unemployment and inflation.

...and that had nothing to do with the Vietnam police action that ended prior to his term or the strength of OPEC which cratered economies around the world. (by the way, Carter ended before 1980 so the graphs wouldn't apply)