Why the Occupy Movement is Right

[Yerusalyim]

Here’s the thing; there is a strong mobilization of bias in the States. The big corporations are considered too big too fail and get a big bailout. While I am not against this, small businesses and homeowners didn’t get bailouts, and businesses had to shut their doors and homeowners were foreclosed on.

The richest Americans got huge tax cuts from George Bush and Barack Obama that they don’t need. They get richer while the poor stay poor. They’re not given any sort of advantage. The middle and lower classes are the most vulnerable and have less. They are the ones who deserve the lower taxes. It is called the progressive income tax, in which the poor pay less and the rich pay more. During the golden age of capitalism, the rich paid higher taxes. There used to be an understanding of the the fairness of Fordism. Warren Buffet says that his secretary pays a higher percentage of taxes than he does. Disregarding your own opinion of him, does that seem fair?

I think this is what these people are protesting. This gross inequality and favouritism for the rich has gone on too long

The gross inequality and favoritism is that 47% of income earners pay no federal income tax.

Warren Buffet doesn’t know what he’s talking about in regard to taxes. His secretary does NOT pay more of a percentage in income tax than he does. His capital gains rate is lower than his secretary’s income tax…but that’s as it should be…the capital gains had already been taxed once. Back in the “golden age” of capitalism with its 90% income tax rate on the wealthy…NO ONE PAID that rate.

Here’s what’s fair…A FLAT TAX…22% on all income above $40,000 for a family of 4. No deductions…an additional $4000 for each additional child below the age of 18. Corporate tax rate…22%…tax holiday to allow corporations to repatriate their funds over seas.

 

[ComputerGeek25]

The gross inequality and favoritism is that 47% of income earners pay no federal income tax.

Warren Buffet doesn’t know what he’s talking about in regard to taxes. His secretary does NOT pay more of a percentage in income tax than he does. His capital gains rate is lower than his secretary’s income tax…but that’s as it should be…the capital gains had already been taxed once. Back in the “golden age” of capitalism with its 90% income tax rate on the wealthy…NO ONE PAID that rate.

Here’s what’s fair…A FLAT TAX…22% on all income above $40,000 for a family of 4. No deductions…an additional $4000 for each additional child below the age of 18. Corporate tax rate…22%…tax holiday to allow corporations to repatriate their funds over seas.

I would also hazard a guess that Warren Buffet pays more in taxes than his secretary in a dollar amount. He may pay less in Federal Taxes as a percent of income, which has its own set of problems.

I would also guess he pays more in sales tax on luxury items, as well as he’s able to buy more stuff. And if he owns more property/larger houses, he pays more in that regards as well.

I think he also gives to philanthropy.