H
Hume
Guest
Well, the greatest and best shot for social mobility among the impoverished is the public school. So at least tax sufficiently to fund that, if you don’t mind. I’m happy to pay my share.
- Status
R
Rau
Guest
It is a concern that wealth is SO heavily skewed in the US. A tiny proportion of people have such a large proportion of the total. I don’t think it will change by itself,
I can see only 2 remedies:
- incomes are increased; or
- the very wealthy are taxed more and proceeds distributed.
LeafByNiggle
Well-known member
As progressive as this seems, it obviously is not enough to slow down the growing wealth inequality. So apparently the top 1% are still doing quite well, and doing better every year. I would not feel sorry for them.
C
CarmeliteKnight
Guest
Anytime the government declares “war” on something that isn’t another nation always backfires on them. The “War” on drugs or terror being a fine example. A renewed war on poverty by raising taxes is the most backwards thing I can think of. These people already don’t have alot of money, so the solution is to take more money away from them?
JoeFreedom
New member
How’s the old adage go? Give the government control over all the sand and by tomorrow there will be none left.
I say let’s leave charity to the individual and focus our efforts at the local level. Remember these evil rich greedy . . . guys . . . have created jobs.
Also recall that at one point there was a tax rate of 90%. See how well that worked? Income tax is criminal theft. The US tax system need to be 5 pages or less, not 85,000. Tax sales.
I say let’s leave charity to the individual and focus our efforts at the local level. Remember these evil rich greedy . . . guys . . . have created jobs.
Also recall that at one point there was a tax rate of 90%. See how well that worked? Income tax is criminal theft. The US tax system need to be 5 pages or less, not 85,000. Tax sales.
Last edited by a moderator:
JoeFreedom
New member
I was being facetious. No one ever ended up paying 90% because they moved their money and skirted the system. Which is precisely what the rich will do and have done when taxes under certain past presidents and Congresses have been raised too high.
P
Pai_Nosso
Guest
Some excellent points made but I would like to raise an issue that I believe is the main reason why the parents were more well off than the kids. GREED. It’s the greedy capitalist elite and the government.
20 years ago the average price of a house down here in Melbourne was under $200,000, now it’s over $800,000. But while property inflation went up by 4 times in 20 years the median wage has basically stayed the same. What bugs me is that no one talks about this, not many people are even aware of this.
It’s all a huge scam to make us work for longer
20 years ago the average price of a house down here in Melbourne was under $200,000, now it’s over $800,000. But while property inflation went up by 4 times in 20 years the median wage has basically stayed the same. What bugs me is that no one talks about this, not many people are even aware of this.
It’s all a huge scam to make us work for longer
C
Crocus
Guest
Interesting.
JoeFreedom
New member
There will NEVER be a perfect system but look at why taxing sales or consumption vs penalizing people for working can be a viable option.
C
Crocus
Guest
Taxing goods and services (consumption) is an effective method of raising revenue.
Last edited:
R
Rau
Guest
It is that, but is problematic for those only just getting by in low income jobs.
R
Rau
Guest
What does this statement mean?
R
Rau
Guest
Right - so why are the poor unable to access sufficient food, shelter, education and health care etc? How are goods distributed through society? Via a system of exchange that requires one first to possess money which requires sufficient income. Just as there is ample goods, there is ample income. It’s distribution is highly skewed with a great proportion accruing to a very small and very wealthy group.
P
Peeps
Guest
And why is this?
Instead of putting more and more money and energy into various projects that are supposed to help people who never seem to be able to get on their feet, instead, we need to study Americans who have come from disadvantaged backgrounds (minorities, poor, uneducated, disabled, etc.) and who have somehow managed to become successful–completed a high school diploma and possibly higher education or training, make a good wage that allows them to give to the charities of their choice, have health insurance, have reliable transportation, reside in a good neighborhood, have time and money for leisure activities, and feel relatively secure about their lives.
We need to figure out why they are able to achieve success in the United States, while their peers are still poor, oppressed, unemployed, and uneducated.
We need to figure out WHICH of the government-funded programs actually WORK, and which are merely employment centers for more government employees.
We need to reform or eliminate programs that have a low or no success rate at actually helping people “move on up,” and keep/enhance programs that are consistently successful at helping people achieve the goals that the program is trying to help them achieve.
Our politicians need to stop clinging to their Party agenda, and instead, be honest with themselves and others, and sit down to work together and civilly hear the facts about each government program and civilly eliminate unproductive programs and civilly fund programs that have a proven track record of success.
W
Welshrabbit
Guest
Intelligence plays a VERY large role in predicting success. Sucks to say but it’s the cold hard truth.
There’s not a whole lot you can do for people with low IQs…
I’ll bet the one thing that the one thing the successful people who have pulled themselves out of poverty and oppression have in common is above average intelligence.
Last edited:
H
Hume
Guest
A tax on sales is less than ideal because the wealthy spend much if their wealth globally.
For example, the state of Kentucky doesn’t have much allure when it comes to the 1%. Even the one percent-ers that live there go elsewhere when they really turn loose of their cash (I know, I was lucky enough to come up in a wealthy family).
Essentially a sales tax (in lieu of income tax) in that state would tax 100% of the working class incomes. But for the very wealthy, not much more than the first 100-150k gets taxed.
We went to Paris as a family one year. Blew 50k over two weeks (in fairness, there were like 20 of us). We don’t spend that kind of cash back home.
For example, the state of Kentucky doesn’t have much allure when it comes to the 1%. Even the one percent-ers that live there go elsewhere when they really turn loose of their cash (I know, I was lucky enough to come up in a wealthy family).
Essentially a sales tax (in lieu of income tax) in that state would tax 100% of the working class incomes. But for the very wealthy, not much more than the first 100-150k gets taxed.
We went to Paris as a family one year. Blew 50k over two weeks (in fairness, there were like 20 of us). We don’t spend that kind of cash back home.
Last edited:
H
Hume
Guest
And to your comment concerning "the rich bast*rds creating the jobs, its untrue.
Every business school grad knows the market creates the jobs and those that can capitalize on opportunity before someone else does (assuming you believe in at least a modicum of general market efficiency, which is a fundamental “religious” tenet if you’re a Republican).
If this one “rich bast*rd” doesn’t hire a 30k man to capture the 75k opportunity, another one will.
Every business school grad knows the market creates the jobs and those that can capitalize on opportunity before someone else does (assuming you believe in at least a modicum of general market efficiency, which is a fundamental “religious” tenet if you’re a Republican).
If this one “rich bast*rd” doesn’t hire a 30k man to capture the 75k opportunity, another one will.
Last edited:
H
Hume
Guest
I radically agree on the shortening of the us tax code.
A personal proprietorship isn’t a business, a business has it’s own fein.
First 10k in income per person is untaxed, regardless how many people squeeze on one income tax form. Past that, 20-25% on each dollar.
Simple. Kills objections based on marriage, residency status, ect.
If you needed an old exemption to help pay for something, you couldn’t afford it in the first place.
@Welshrabbit
Intelligence is so broad as to be meaningless, nearly.
My old man got kicked out of public university because he failed English 101 the second time (in his day you had two shots then that was it).
Before the great recession of the late aughts happened, he was a one percenter. I’ll let you look up what income level that is.
A personal proprietorship isn’t a business, a business has it’s own fein.
First 10k in income per person is untaxed, regardless how many people squeeze on one income tax form. Past that, 20-25% on each dollar.
Simple. Kills objections based on marriage, residency status, ect.
If you needed an old exemption to help pay for something, you couldn’t afford it in the first place.
@Welshrabbit
Intelligence is so broad as to be meaningless, nearly.
My old man got kicked out of public university because he failed English 101 the second time (in his day you had two shots then that was it).
Before the great recession of the late aughts happened, he was a one percenter. I’ll let you look up what income level that is.
Last edited:
S
Sarcelle
Guest
Are you talking about individuals or corporations?
I’ve heard that corporations such as Amazon pay no taxes at all.
So you have corporations that pay zero tax yet do all they can to ship jobs overseas.
I’ve heard that corporations such as Amazon pay no taxes at all.
So you have corporations that pay zero tax yet do all they can to ship jobs overseas.
Last edited:
JoeFreedom
New member
I did say there was no ideal tax system. But taxing sales means I’m not penalized for working harder and getting taxed progressively more for making more. And as a Christian Catholic, I begrudge no one their money whether they make 10,000 or 100,000,000.
And the wealthy or the people who took a risk and got wealthy both create jobs by expanding their business which needs more people which requires more widgets or services vertically and horizontally and by paying people who then go spend their money on goods and services.
At least we can agree to shorten the tax code.
And the wealthy or the people who took a risk and got wealthy both create jobs by expanding their business which needs more people which requires more widgets or services vertically and horizontally and by paying people who then go spend their money on goods and services.
At least we can agree to shorten the tax code.
- Status