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A fair tax would be to require capital gains be paid each year just like income tax and at the same rate.

I don't think you appreciate the difference between a flat amount and a flat rate. With a flat rate lower earners don't "lift" as much as high earners. That math addresses that problem.

But more of their resource is spent.
 
If wealth that sits in low yield funds because the rich have so much it that they have nothing better to do with it, was redistributed to people who are not in that position, it would grow economic output.
You folks really need to learn more about how the financial markets work. Money invested in "low yield funds" is probably used to purchase Treasuries, Consolidated Obligations, REITs, and blue chip corporate stock. In other worts, that money is funding government spending, funding mortgages, providing liquidity for corporations to invest in expansion when the time is right, and providing liquidity for pensions and 401ks. The money isn't dormant.
 
With regard to taxation, there's only one definition our friends on the left have for "fair," and that is "more." They're gluttons for other people's money.
The mindless minions on the right buy into Trump's "Make America Great Again" - a nostalgia for a day which refers to our greatness as a nation after WWII, in the middle of the last century - when we led the world in production, invention, creativity, education, technology, healthcare, etc. etc.

What they don't admit to is that it was the growth of the middle class, not "trickle-down" driven by the wealthy, but by organized labor, which shared in the wealth of the nation, that made America great! Are you old enough to remember that time? The tax rate for the richest Americans was 90% !!
 
True but they are not in the top 5.

Musk, Gates, Buffett, Bezos, Zuckerberg.
And if they are not careful they will spawn multiple generations of arrogant useless trust fund drones in the thousands.
 
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You folks really need to learn more about how the financial markets work. Money invested in "low yield funds" is probably used to purchase Treasuries, Consolidated Obligations, REITs, and blue chip corporate stock. In other worts, that money is funding government spending, funding mortgages, providing liquidity for corporations to invest in expansion when the time is right, and providing liquidity for pensions and 401ks. The money isn't dormant.

"Remember Smaug the dragon, in The Hobbit? He hoarded up a vast pile of wealth, and then he just hung out in his cave, sitting on it (with occasional forays to further pillage and immolate the local populace).

That’s what you should think of when you consider the mind-boggling hoards of wealth that the very rich have amassed in America over the last forty years. The picture at right only shows the very tippy-top of the scale. In 1976 the richest people had $35 million each (in 2014 dollars). In 2014 they had $420 million each — a twelvefold increase. You can be sure it’s gotten even more extreme since then.

.
chart-2.png
These people could spend $20 million every year and they’d still just keep getting richer, forever, even if they did absolutely nothing except choose some index funds, watch their balances grow, and shop for a new yacht for their eight-year-old.

... that concentrated wealth is strangling our economy, our economic growth, our national prosperity. Wealth concentration drives a vicious, downward cycle, throttling the very engine of wealth creation itself.

Because: people with lots of money don’t spend it. They just sit on it, like Smaug in his cave. The more money you have, the less of it you spend every year. If you have $10,000, you might spend it this year. If you have $10 million, you’re not gonna. If you have $1,000, you’re at least somewhat likely to spend it
this month."

 
"Remember Smaug the dragon, in The Hobbit? He hoarded up a vast pile of wealth, and then he just hung out in his cave, sitting on it (with occasional forays to further pillage and immolate the local populace).

That’s what you should think of when you consider the mind-boggling hoards of wealth that the very rich have amassed in America over the last forty years. The picture at right only shows the very tippy-top of the scale. In 1976 the richest people had $35 million each (in 2014 dollars). In 2014 they had $420 million each — a twelvefold increase. You can be sure it’s gotten even more extreme since then.

.
chart-2.png
These people could spend $20 million every year and they’d still just keep getting richer, forever, even if they did absolutely nothing except choose some index funds, watch their balances grow, and shop for a new yacht for their eight-year-old.

... that concentrated wealth is strangling our economy, our economic growth, our national prosperity. Wealth concentration drives a vicious, downward cycle, throttling the very engine of wealth creation itself.

Because: people with lots of money don’t spend it. They just sit on it, like Smaug in his cave. The more money you have, the less of it you spend every year. If you have $10,000, you might spend it this year. If you have $10 million, you’re not gonna. If you have $1,000, you’re at least somewhat likely to spend it
this month."

They do spend enough on both parties to keep them divided and maintain the status quo.
 
Yes, I understand. You put your interests above others and see the rich as somehow having fewer rights to their property than do you.

Now, if we tax the rich more, what do you think you're going to get out of it? i.e. how would you be less "dependent on paychecks?"
If we tax the rich more we will be able to better fund domestic spending programs that benefit working class and middle class people.
 
The mindless minions on the right buy into Trump's "Make America Great Again" - a nostalgia for a day which refers to our greatness as a nation after WWII, in the middle of the last century - when we led the world in production, invention, creativity, education, technology, healthcare, etc. etc.

What they don't admit to is that it was the growth of the middle class, not "trickle-down" driven by the wealthy, but by organized labor, which shared in the wealth of the nation, that made America great! Are you old enough to remember that time? The tax rate for the richest Americans was 90% !!
Yes, the glory days of labor your folks long for. When employers of good paying, middle class jobs had their choice of whomever the wished to hire ... provided the candidate was white and male.
 
"Remember Smaug the dragon, in The Hobbit? He hoarded up a vast pile of wealth, and then he just hung out in his cave, sitting on it (with occasional forays to further pillage and immolate the local populace).

That’s what you should think of when you consider the mind-boggling hoards of wealth that the very rich have amassed in America over the last forty years. The picture at right only shows the very tippy-top of the scale. In 1976 the richest people had $35 million each (in 2014 dollars). In 2014 they had $420 million each — a twelvefold increase. You can be sure it’s gotten even more extreme since then.

.
chart-2.png
These people could spend $20 million every year and they’d still just keep getting richer, forever, even if they did absolutely nothing except choose some index funds, watch their balances grow, and shop for a new yacht for their eight-year-old.

... that concentrated wealth is strangling our economy, our economic growth, our national prosperity. Wealth concentration drives a vicious, downward cycle, throttling the very engine of wealth creation itself.

Because: people with lots of money don’t spend it. They just sit on it, like Smaug in his cave. The more money you have, the less of it you spend every year. If you have $10,000, you might spend it this year. If you have $10 million, you’re not gonna. If you have $1,000, you’re at least somewhat likely to spend it
this month."


That's their money, not yours. You're just going to have to get used to it, and go out and earn your own.
 
If we tax the rich more we will be able to better fund domestic spending programs that benefit working class and middle class people.
What, you think the federal government isn't already spending enough?
 
What, you think the federal government isn't already spending enough?
The problem is that the government now has to subsidize business by paying part of their employees wages through social benefits. Conservatives bemoan the state of the family when even two earner households can't keep their families out of poverty.
 
The problem is that the government now has to subsidize business by paying part of their employees wages through social benefits. Conservatives bemoan the state of the family when even two earner households can't keep their families out of poverty.
For what percentage of workers is that true?
 
That's their money, not yours. You're just going to have to get used to it, and go out and earn your own.

The point is that their hoarding it hurts our economy, which contradicts your earlier point.
 
They're not hoarding. You really need to get past this belief that they're taking other people's money and burying it in the backyard.
Not exactly buried. But not multiplying in our economy either.

Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report. The outlet reported this week that Gates, 65, owns 268,984 acres of land combined across 19 states.

 
Not exactly buried. But not multiplying in our economy either.

Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report. The outlet reported this week that Gates, 65, owns 268,984 acres of land combined across 19 states.

So what? Someone has to own the most, why not him?
 
So what? Someone has to own the most, why not him?
The point was shouldn't that wealth be put back into the economy to multiply not buried.
 
We agree that capital gains should be taxed at the same rate as wages.
I'd be careful on that one. The wealthy have far more options available to them to tap cash than the joint filer at 150k who happens to need to sell stock to pay for their kid's braces, and is then confronted with Biden's LTCG tax increase.

The wealthy aren't the only people who sell things.
 
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