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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.

TurtleDude said:
won't happen here. both parties are run by the rich. any politician trying that would be gone, rather quickly
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Not the parties or politicians, more like Antifa and BLM on steroids against the reactionaries. Government and the rule of law breaks down.
 
TurtleDude said:
so the poor won't revolt? that you want punitive taxes on the most productive tax payers to keep the hoi polloi placated.
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Look at the history of south and central America. A very large middle class that owns most of the wealth is the only safe state. That can't happen if 1% own 40% of all wealth.
 
craig said:
Not the parties or politicians, more like Antifa and BLM on steroids against the reactionaries. Government and the rule of law breaks down.
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Antifa and BLM rising up would be amusing. and over rather quickly
 
craig said:
Look at the history of south and central America. A very large middle class that owns most of the wealth is the only safe state. That can't happen if 1% own 40% of all wealth.
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How do you plan on redistributing it
 
craig said:
That is the subject of the OP and the 37 pages of this thread.
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Which appears unacceptable to a great majority. Perhaps time to suggest something more reasoned and rational?
 
Liberals are always looking for new ways to tax people.

Tax Freedom Day now is May 31st. Not long ago it was mid April. It won’t be long until half of ones earnings goes to taxation.
 
jaeger19 said:
You would die.
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I am going to die one day anyway. I suspect people like me would take a ton of them with us. In fact, if the poor revolted, I suspect they'd be rather scarce afterwards.
 
Tahuyaman said:
Liberals are always looking for new ways to tax people.

Tax Freedom Day now is May 31st. Not long ago it was mid April. It won’t be long until half of ones earnings goes to taxation.
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as Dame Thatcher once said, socialism sounds good until you run out of other peoples' money. Once the pimps pushing socialism run out of money, they lose power
 
TurtleDude said:
As I noted, you cannot prove your claim and it doesn't even pass the smell test. the poor use tons of governmental services-police especially. SO they use more of government services than their share of the wealth
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Nope just did. The poor actually use very little police services. The police are in poor areas to keep the poor criminals under control..so that the wealthy can live with less crime.
You just don't want to face the reality..that all the money that goes to support poor folks..ends up in the bank accounts of wealthy people. Then on top of that the wealthy benefit from roads far more..the mail..intellectual property protection..utilities irrigation..transport..and military..
 
jaeger19 said:
Nope just did. The poor actually use very little police services. The police are in poor areas to keep the poor criminals under control..so that the wealthy can live with less crime.
You just don't want to face the reality..that all the money that goes to support poor folks..ends up in the bank accounts of wealthy people. Then on top of that the wealthy benefit from roads far more..the mail..intellectual property protection..utilities irrigation..transport..and military..
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bullshit. you should actually spend some time checking where most of the police calls go to.
 
TurtleDude said:
I am going to die one day anyway. I suspect people like me would take a ton of them with us. In fact, if the poor revolted, I suspect they'd be rather scarce afterwards.
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You wouldn't take one single person with you. You wouldn't see it coming. All it takes is a guy 100 yards away shooting you like a ground squirrel the minute you stick your head out the door.
 
TurtleDude said:
I am going to die one day anyway. I suspect people like me would take a ton of them with us. In fact, if the poor revolted, I suspect they'd be rather scarce afterwards.
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/// I suspect people like me would take a ton of them..../// :ROFLMAO: :ROFLMAO: :ROFLMAO:
 
TurtleDude said:
bullshit. you should actually spend some time checking where most of the police calls go to.
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Exactly...thats the point. They police are there..so they aren't in your neighborhood..
They police the poor. Do you really think the poor are the only ones that do drugs for example? No way...but you aren't seeing the police roll up in an APC and breaking into a rich neighborhood are you. ? But they do it in the poor neighborhoods
Its in part why the poor...want to defund the police..because the realize the police aren't entirely there for their protection.
By the way..you forgot I was a reserve policeman...
 
jaeger19 said:
Nope just did. The poor actually use very little police services. The police are in poor areas to keep the poor criminals under control..so that the wealthy can live with less crime.
You just don't want to face the reality..that all the money that goes to support poor folks..ends up in the bank accounts of wealthy people. Then on top of that the wealthy benefit from roads far more..the mail..intellectual property protection..utilities irrigation..transport..and military..
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Good gawd.
 
AARguy said:
Inheritance is money tat has ALREADY been taxed by the guy that earned it. It should NOT be taxed AGAIN.
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Sorry to burst your bubble but all money gets taxed repeatedly. I earn income, I pay income taxes, I go to buy something, I pay sales taxes, etc. The "tax once" notion is a bizarre falsehood only raised when trying to justify taxing inheritances less than real earnings. Also, in the case of highly appreciated assets, it has often NEVER been taxed.
 
craig said:
Citations please and don't confuse top income earners with wealth owners.
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I am not going to continue to spoon feed ignorant parrots. This data is widely and easily available and it is available from federal agencies. Do a modicum of homework and look it up yourself.

jaeger19 said:
Actual yes wealth ownership does equal use of government services.
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Uh, no, not by any metric. Look at the big three spending lines at the federal level. Defense, Healthcare, and SS. None of those are tilted to wealth, in fact 2 or 3 are tilted away from wealth. You could make a theoretical argument for infrastructure usage, I guess, but that's a reach and it is a tiny sliver of government services.

craig said:
Usually the first thing that happens is that wealth is nationalized. Cuba is a good example of that. The very wealth lost their wealth and fled.
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Let's look at this for a moment. Cuba went after the wealthy, the wealthy took their money and left. How'd that work out for the rest of Cuba? Or any country that has gone down this road before. When you start skinning the rich in the name of populous ideals you end up hurting the nation as a whole. As I have told you many times before, look at why France, Sweden, Denmark, and Britain all unwound their "soak the rich" policies. Here's a hint, because it wasn't working at raising more money but it was working for crushing the poor and middle class. Oops.

craig said:
Historically there are many examples that when wealth becomes extremely concentrated social disruption happens. A police state or anarchy is always the result.
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The problem with that is that you are ignoring the condition of the middle/lower class. If you look at the Gilded Age, or France of the 18th/19th century, you will notice that the lower and middle classes were literally in an existential crisis. Poor people were literally starving to death. Compare that to today and you are trying to draw the same conclusion at a time when the real median household income has been continuously trending upwards for ~40 years since they began tracking it, home ownership is well above the 40 year average, and discretionary income is rising.

But you don't like actual facts and statistics, do you?

jaeger19 said:
Nope just did. The poor actually use very little police services. The police are in poor areas to keep the poor criminals under control..so that the wealthy can live with less crime.
You just don't want to face the reality..that all the money that goes to support poor folks..ends up in the bank accounts of wealthy people. Then on top of that the wealthy benefit from roads far more..the mail..intellectual property protection..utilities irrigation..transport..and military..
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Good lord, just look at the statistics. Police budgets are poured into policing violent/crime ridden areas. Why? To protect that community, the policing goes where the violence/crime is, which is almost perfectly correlated with income.

You think the military protects rich people more than poor people? I would wager the poor person doesn't want to get droned as much as the rich person doesn't want to get droned.
 
craig said:
Look at the history of south and central America. A very large middle class that owns most of the wealth is the only safe state. That can't happen if 1% own 40% of all wealth.
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TurtleDude said:
How do you plan on redistributing it
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craig said:
That is the subject of the OP and the 37 pages of this thread.
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Individual said:
Which appears unacceptable to a great majority. Perhaps time to suggest something more reasoned and rational?
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With a country divided into extreme political camps, refusing to acknowledge what is correct, honest, workable or practical in the other camp we will continue heading toward the accumulation of wealth in the hands of only the wealthy. We either change our taxation policy to sustain and grow the middle class and give low wage workers the opportunity to move into the middle class or we revert to something like the late Victorian era where the middle class was tiny and most jobs were centered on catering to inherited wealth. it was this type of political economy that eventually ended Englands power.

A Cuba like revolution is not possible in the US but a gradual loss of power and importance such as England's is quite possible. A strong, numerous, well educated middle class is an essential ingredient of a strong country. China is waiting in the wings to take our place.We wait to make changes at our peril.
 
jaeger19 said:
Because they are unrealized and their true value has not been established. It will be when they are income.
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That's why I used the word "unrealized." The "true value" of an IRA is determined every day at the market close.
 
jaeger19 said:
Pretty much yes. However.. it should not be paid based on "wealth".. since thats a nebulous term and not defined. It should be paid on income.. which is why we have an income tax.
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Wealth: assets - liabilities.
 
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