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Why We Must Raise Taxes on The Wealthy; Rober Reich
Topic Started: Mar 28 2014, 05:02 AM (365 Views)
Jack of 32
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I believe it is the 1%ers and not the middle class that are the ones who invest in business old and new....
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Pat
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Thumper
Mar 28 2014, 10:37 AM
Why are the Cons so protective of the 1%ers?
Because some of us don't believe in discriminating based on income. I have said all along that every single American who earns a dime should pay federal income taxes and we need to end all deductions and special deals that reduce the obligation. Do you get a deal from the state if you earn less or more when buying something? Of course not, you pay the set sales tax. If everybody has a dog in the fight then I believe also, that more would pay attention to waste and inefficiency of government.
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Berton
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Every time a so called tax on the rich has been passed it always seems to get clear down to my lower middle class bracket. Then the liberals find new social programs to spend it on and more than what it brings in which drives the debt up even more. The debt does not go down by raising taxes. The only time it went down was when the economy was growing. When people had more money to spend because they didn't have to pay so much in taxes.

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Pat
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Berton
Mar 29 2014, 10:59 AM
Every time a so called tax on the rich has been passed it always seems to get clear down to my lower middle class bracket. Then the liberals find new social programs to spend it on and more than what it brings in which drives the debt up even more. The debt does not go down by raising taxes. The only time it went down was when the economy was growing. When people had more money to spend because they didn't have to pay so much in taxes.

Therein lies the problem. If you can't educate Bobby on $7,000 per year in public funding then the answer seems to be "if we only had $8,000". The same is true in most federal, state, and local issues. "if we only had more".
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colo_crawdad
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Quote:
 
If you can't educate Bobby on $7,000 per year in public funding


That is interesting. Just last weekend I was talking with Speech and Debate coaches from the private school in the Denver Metro area. None of them had tuition below 10,000 per year per student. A least one will be charging $16,00 per year per student starting next school year.
Edited by colo_crawdad, Mar 29 2014, 11:12 PM.
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Pat
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colo_crawdad
Mar 29 2014, 11:11 PM
Quote:
 
If you can't educate Bobby on $7,000 per year in public funding


That is interesting. Just last weekend I was talking with Speech and Debate coaches from the private school in the Denver Metro area. None of them had tuition below 10,000 per year per student. A least one will be charging $16,00 per year per student starting next school year.
I just threw the figure out there Colo, the point I was making was what should be focused on. Many private schools cost north of $30,000 pr year, it all depends on what value you place on your kids education. You get far more bang for the buck in the elite private schools.
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I fail to see why many of the right wing masochists here have such a problem with EVERYBODY paying their fair share of supporting our society. Either they have been brainwashed or do not have one to start with. Its the only logical explaination.
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Pat
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telcoman
Mar 29 2014, 11:35 PM
I fail to see why many of the right wing masochists here have such a problem with EVERYBODY paying their fair share of supporting our society. Either they have been brainwashed or do not have one to start with. Its the only logical explaination.
Why is it difficult to expect everyone to pay an equal share? Which is not impossible if government had not grown to a position where it sucks so much from the GDP.

Let's put this in a different perspective. A new movie hits the screen and theaters charge $10 per seat. By the size of the audience, most people can afford the ticket, some will wait for it to come free on network TV, some will rent it, but the bottom line, the most it costs is about $10. And the film cost $90 million to make, so the content of the film and quality determine whether the studio makes a profit.

Now take the case where a movie cost $1 billion to make. The ticket price rises to $120 per seat. Some can afford it, others budget for it, and many say the can't afford it. So in this case, the government steps in and says, well, everyone can go see the film, but the more wealthy need to pay $2,000 per seat so that some can get in for free and others have their ticket process slashed to between $10 and $40. So the wealthy guy says wait a minute. We don't need the movie and I think everybody should pay something to get in, the cost is $120.

With your line of thinking Telco, we need more and more government intrusion in our lives, and as another thread discusses, for crying out loud, people should have their condoms paid for. Creeping socialism. But since we can't afford the more and more government, let's demand the wealthy pay for all of this. And that my friend is just bull****. In my opinion. If it comes to a point where most can't pay any federal taxes, then we need to drastically shrink all government and programs. Live within the means of the economy but stop trying to extort from a few.
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Why not a flat % tax? Actually a VAT is fair. You get taxed on what you spend. Sure worked to cut the deficit in Canada. Contrary to the doomsayers, it did not cut consumption.
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Pat
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A VAT tax sounds similar to the flat tax proposals down here that has never gained traction. If the VAT tax were enacted, then I think a cap that can never be raised worth considering. The problem with any tax is they start small and then the percentage increases as government finds more areas in our lives they want to intrude on.
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