M
Metis1
Guest
And Jesus taught that to whom more is given, more is expected.
Source?Just wanted to chime in and mention an article I read where 60% of American millionaires supported a tax on wealth over 50 million dollars.
No, I think it is immoral to whine about having to pay more taxes when your “addiction” pays you nine times the median pay while someone else is holding down two or three jobs and barely making rent and hoping their kids don’t get sick, which would bankrupt them. The immorality is in thinking that you make that much more because you’re just that much better than other people out their working their backsides off just to keep their noses above water and pretending that they would do as well as you are if they only had the “paradigm” you have, as someone here has seemed to suggest.Do you think that there’s something immoral about making more money than others?
My brother works many hours every day at several jobs. His “addiction” is work!
So everyone who has more money got it through working harder than those who didn’t get as much?So everyone who has more money got it through shady unethical or criminal means?! Whoa.
I agree but I was talking about American society in general.I don’t think we have any full-on Darwinists here.
Yes, and the anti-religionists, too. The free expression gets so free sometimes, I wonder if they’re all really reading what they write. I have to hope they don’t really think that way when they’re in contact with real human beings.I agree but I was talking about American society in general.
I’ve been to several online debates and these Darwinists abound there.
The concerns expressed have generally been about the extremes of income and wealth distribution and the limited extent to which the top end of that distribution are taxed. Accompanying this situation is a fall in the share of national income accruing to wage and salary earners.The point of this post is to make sure we all understand that many wealthy people work long hours every day and totally EARN their large incomes, and also provide work for many others who work for them. Nothing immoral about that. St. Paul didn’t condemn the wealthy people who supported his ministry.
Higher Taxes (at the top end only) can certainly reduce the excess of govt spend over income because they increase government income. And those taxes directed at the very wealthy will have no adverse impact on economic growth either because they will have no impact on personal spending.It will also make no direct impact on the deficit at this point since we are blowing out the budget. I personally am unwilling to raise taxes on anyone regardless of tax bracket until spending is addressed
Pension funds are one variant of this. Municipal pension funds are widely reported to be grievously underfunded in the US, meaning they will be unable to sustain the expected pension payouts for municipal employees as they retire. A bit off-topic but another worrying financial measure.there must also be a creation of a “rainy-day fund” to prepare for the next problem(s).
The Federal Budget deficit for 2019 was $1.1 Trillion dollars, for one year. And this is just the discretionary spending, not including social security, medicare, and medicaid. If you think that just imposing a tax to close the gap won’t impact the economy without imposing spending limits, let me know. I would be happy to hear how much revenue your plan will bring in and how you will then reign in Congress from spending the additional revenue considering they are already proposing plans that increase spending by 10s of trillions of dollars over the next decade. The fact of the matter is Congress continues to propose spending that far outstrips any proposed increases in revenue.Higher Taxes (at the top end only) can certainly reduce the excess of govt spend over income because they increase government income. And those taxes directed at the very wealthy will have no adverse impact on economic growth either because they will have no impact on personal spending.
The extent to which the trillion dollar deficits in the US are a spending problem vs a lack of tax income problem - I don’t know. But trillion dollar deficits at a time when unemployment is low is a concern.
I am letting you know!If you think that just imposing a tax to close the gap won’t impact the economy without imposing spending limits, let me know.
That’s true. Education is far more manageable if one’s parents are well off - they will usually help meet those costs, and of course family money usually stays in the family.However with skyrocketing costs of education we have now put a sky high paywall to the middle class.
It is now harder for someone to raise themselves into the higher class. It wouldn’t be long before we have the landed gentry and serfs.