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Ridgerunner
Guest
What will you leave him with, and is this distribution only in the U.S. or is it worldwide?
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MonteRCMS
Guest
Which of the ten commandments does that obey?
Or perhaps the Catechism of the Catholic Church.
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lmachine
Guest
Exactly what to set the maximum income at and what rates to tax wealth at is a long, complicated discussion I’m not qualified to have, but in a just world the rich will have considerably less wealth than they do now.
Given as I’m talking about domestic policies it only applies to the U.S., but there are policies we can pursue that would tackle global wealth inequality as well.
A number of them.
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MonteRCMS
Guest
Pure blather.
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Ridgerunner
Guest
will you allow a man to own a business which he built into a million dollar value?
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lmachine
Guest
A man can build anything he wants as long as he pays applicable taxes.
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Ridgerunner
Guest
As he is building his business, how much would you allow him to keep to put into his business? The business itself has to generate the value, you know; machinery, land, building, materials, water pipe, sewer, electric lines, paving.
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FirstFiveEighth
Guest
Yeah…or we could leave it alone for the good of all involved. A 17-22yr old given $80,000 is not very likely to spend it on college, whatever his initial intentions.
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joeybaggz
Guest
Which of course will get passed on to the guy on the street in the form of higher prices. Take a lesson in economics, why don’t you?lmachine:
In what way will that help anyone else?
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stinkcat_14
Guest
I have a problem with the paternalistic view of government. The idea that we are all too stupid to manage our own affairs has a problem in that it assumes that there is someone who is smarter than the rest of us making decisions. I think we can be pretty confident that person is not in government.
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stinkcat_14
Guest
The incidence of the burden of a tax is not guaranteed to fall completely on the consumer. If it did, then nobody would care if marginal tax rates were 90%.
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lmachine
Guest
As much as he wants, business expenses are generally tax deductible if you weren’t aware.
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joeybaggz
Guest
How, at the point of a gun? What, are you going to do, charm the wealthy into giving up their money? Or what, you’ll have the fed confiscate the wealth of those you think are wealthy? If you think higher taxes are going to do it, wake up. The rich own the politicians who make the tax law. The only way to get out of poverty is through education and hard work. LBJ figured his Great Society would equalize wealth through social programs. How has that worked. The rich/poor divide is about the same or slightly worse then it was in 1964.
Suggest if you want to take from the wealthy, Robin Hood, and give it to the poor, suggest you move to Venezuela. See how good that policy is working there.
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lmachine
Guest
High taxes and other redistributive policies.
That’s why we change who the politicians are.
I’m not sure what definition of “rich/poor divide” you’re using here, but wealth and income equality is not the same or slightly worse than it was in 1964.
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joeybaggz
Guest
Dream on, Robin Hood. Ain’t gonna happen.joeybaggz:
High taxes and other redistributive policies.
That’s why we change who the politicians are.
I’m not sure what definition of “rich/poor divide” you’re using here, but wealth and income equality is not the same or slightly worse than it was in 1964.
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lmachine
Guest
I don’t think I’m nearly as heroic as Robin Hood but am very flattered by the comparison, thank you for brightening my day.
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dvdjs
Guest
How many in this group are retired? How many stay at home as caretakers? How many are, in fact, prperly called too lazy?
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stinkcat_14
Guest
I would not call people in these groups lazy, but my point is that some people have a problem with the unemployment rate because it doesn’t count people in the labor force. So if you want a job, but refuse to look for one, I am not sure why we should count you as unemployed.
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FirstFiveEighth
Guest
I am all for limited government. But there is limited government and then there is just plain silliness. Awarding a targeted scholarship is not “the man” telling someone how to live their life. It is fiscally responsible and an investment in people. The military wants educated, thinking servicemen. Not automatons with sweet rides. A lump sum cash payment benefits neither the military nor the recipient in the long run. It just satisfies a libertarian fantasy of every man being an island unto himself. We are talking primarily young men straight out of high school. They will live in barracks for at least 4yrs with their squad mates where everything is provided free. Room, water, power, food, clothing. They may be disciplined in carrying out orders and fire control, but they are notorious for making horrendous financial decisions. They are also very appreciative of the educational opportunities offered and many of them make good use of it. There is no good reason to eliminate this. Just saying. 
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dvdjs
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I agree, but I was hoping to find out how many are in the group refuse to look for work, versus retired or engaged in non-paying work like taking care of the home and children. Since the welfare reforms of the '90’s it msut be tough for those refusing to look for work to survive.
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