How Much is "Fair"?

[screenwriter]

obesity isn't always behavior driven.....metabolic disorders and syndromes are very real.

So the global obesity crisis is due to metabolic disorders? Mmmkay.

 

[weaver2]

I think it is pretty obvious that deception, emotion, and mendacity will play a role in any sphere of human interaction of any significance. I could certainly find links to examples of private business owners engaging in displays of such if I were inclined, but if you want to pretend that every entrepreneur in history has acted with nothing but perfect, emotionless integrity, I shall leave you to your delusions.
That isn't how we decided to do things in our organization.
If you feel it is in your interest to live and do business on our property even though we don't do things the way you like, you can do so as long as you follow our rules, and pay the taxes due in exchange. Otherwise, you are free to expatriate to some nation that gives you a better offer. That is how the market works.

You shouldn't bother Turtle with things like human interactions. His 2 dimensional world has no way of handling real world economics.

 

[BahamaBob]

Smart people study history. Here is what happened when France passed a wealth tax.

https://www.investorschronicle.co.uk/education/2021/02/11/lessons-from-history-france-s-wealth-tax-did-more-harm-than-good/

France Tried Soaking the Rich. It Didn’t Go Well.

A wealth tax and sky-high rates on top incomes didn’t yield much revenue.

www.bloomberg.com

 

[aociswundumho]

What I will say, however, is that contrary to what right-wing dip shits want to believe Liberals would rather not tax actual wages that much because most of the super-rich don't actually bring in that much in actual wages.

Do you support abolishing regressive payroll taxes which hurt low income workers the most?

Nope.

They earn their money via capital gains that they never cash in. That is the primary problem we need to resolve.

Why don't you just have the government expropriate their property? In the end, that's what people like you actually want.

 

[mrjurrs]

We have have the technology to do this. Allow the federal govt to 'front' the money for all taxes paid in 2022. Determine a base deduction that every recipient would receive (all income below a level is not subject to the bill). At the end of the year, calculate the total amount of taxes paid, as well as the total amount of income (including unrealized income) generated during 2022. Generate a percentage of the income received and deduct that cash from each entities accounts. Bingo, no further deficits. For this example I consider all growth in wealth to be income.

 

[Hatuey]

An internet millionaire complaining that a 5-25% increase in taxes will change their life, isnt a real millionaire.

 

[post]

Smart people study history. Here is what happened when France passed a wealth tax.

https://www.investorschronicle.co.uk/education/2021/02/11/lessons-from-history-france-s-wealth-tax-did-more-harm-than-good/

France Tried Soaking the Rich. It Didn’t Go Well.

A wealth tax and sky-high rates on top incomes didn’t yield much revenue.

www.bloomberg.com

Counter claims, the Swiss example,

The Swiss town that taxes its wealthy without scaring them away

Zug takes only a small portion from its richest residents but the revenue is significant

www.ft.com

It fascinates me that those resistant to taxing the wealth of the wealthiest fail to recognize and account for
the enormous resources devoted to bashing the concept, vs the tiny fraction available to advancing advocacy for a wealth tax.

 

[aociswundumho]

Counter claims, the Swiss example,

The Swiss town that taxes its wealthy without scaring them away

Zug takes only a small portion from its richest residents but the revenue is significant

www.ft.com

That's not a very good counter example:

It is admittedly a very small portion that is confiscated: with a top marginal rate of 0.3 per cent,

It fascinates me that those resistant to taxing the wealth of the wealthiest fail to recognize and account for
the enormous resources devoted to bashing the concept, vs the tiny fraction available to advancing advocacy for a wealth tax.

What is the point you are trying to make here?

 

[The Baron]

Ahhh! The phony, "Solyndra pinat5a card" linked to a six year old, newsmax disinfo page?

You think Solyndra was a lie?

Really?

The suffix of your disguised link, after the newsmax part, LOL! All you confirm is the RWE invested in ginning up misinformed
anger and resentment in you was money well spent!

Try to focus on the content and not the source.

Amateur move.

So, what is the core objection here.... is it that Obama is black,....

Racism card?

Nobody brought race up...until you just did...hmmm....

or, enlighten us as to why, in the scheme of things,
you present this instead of say.... Trump presiding over the most corrupt cabinet in 100 years?

What did Trump have to do with Solyndra?

The U.S. government loan program lost $493 million, due largely to unforeseeable market condition changes.

"Either way, the IG report indicates that "the investigative record suggests that the actions of certain Solyndra officials were, at best, reckless and irresponsible or, at worst, an orchestrated effort to knowingly and intentionally deceive and mislead the Department." The IG admits that there were signs the government might have missed some obvious red flags, while critics have argued those red flags were more likely overlooked intentionally."

 

[The Baron]

Because taxes aren't confiscation.

That is incorrect.

They're a bill for the social structure that allows us all to complain about that same social structure on a computer and have other people who are also helped by that social structure read it.

True to an extent. We all benefit from roads and bridges. But there is also a huge amount of waste.

Your op was flawed.

Based on what?

 

[The Baron]

Wealth of course. Why would you tax work? We want people to work and gain wealth so that they can support themselves and then pay taxes.

So you would do away with the income tax and only pay tax only after some minimum amount of wealth had been acquired?

 

[The Baron]

You are currently on a computer of some sort. I am sure it has Google or another search engine. Try using it.

This is basic, widely publicized stuff.

Super easy to look up.

But I guess it's easier to not look it up and then pretend like Democrats don't have answers to those questions.

So you don't know either.

I thought so.

 

[NatMorton]

Leftist make much ado about the wealthy paying their "fair share".

However, Leftist never define what "wealthy" is or how much is "fair".

Both the Baroness (my wife...get it?) and I work full time and we both make pretty good money. We're getting older so we're both beginning to reach the pinnacle of our salaries. Our salaries are close to being the same.

A few years ago we sat-down and figured-out how much money we paid in taxes--all taxes: federal income, state income, sales tax, sin tax, gas tax, ad valorem, property tax, rain tax, etc.

And what we found was that we were paying 50% of our earnings on taxes. This is similar to what we had heard from friends and family who had undertaken the same exercise.

This means that my wife works a full-time job to pay our taxes--nothing more. I work to pay all our other bills including making a car payment so she can go back-and-forth to work to earn an income that is confiscated by the government.

Now keep in mind our calculations did not take into account "invisible taxes" (corporate taxes, inflation) so ultimately, we honestly have no idea what we are paying in taxes (and neither do you!).

Anyway, I say all of this to simply ask that when it comes to tax rates...what's fair?

Our friends on the left have a single word definition for "fair" with regard to taxation. In every context they intend the word to mean "more." (Provided, of course, we're discussing someone else's tax rate.)

 

[The Baron]

yes, so shouldn't it chap your ass that people like Elon Musk pay zero in income tax?

If you earn an income you pay taxes. If he's not paying income taxes then it's because he doesn't earn an income.

And, no, it doesn't "chap my ass" that someone who provides a jobs, insurance, etc. to--I've no idea how many people--does well. God bless him!

 

[Helix]

That is incorrect.

True to an extent. We all benefit from roads and bridges. But there is also a huge amount of waste.

Based on what?

Bases on the fundamental disagreement about what taxes are, I don't see hope for common ground.

 

[NolanVoyd]

So you don't know either.

I thought so.

Lies.

 

[MrWonka]

Do you support abolishing regressive payroll taxes which hurt low income workers the most?

Nope.

Yes, if we can collect enough from capital gains to cover the difference I do.

Why don't you just have the government expropriate their property? In the end, that's what people like you actually want.

Why in hell would we want that? You sound like you're desperately trying to find a way to make something I've said sound worse than it is because you don't like admitting how perfectly reasonable it is.

 

[The Baron]

Bases on the fundamental disagreement about what taxes are, I don't see hope for common ground.

Suut yourself.

 

[noonereal]

And you would lose that bet.

Somehow I feel very confident.

I am guessing you are red state comfortable, period.

 

[craig]

So you would do away with the income tax and only pay tax only after some minimum amount of wealth had been acquired?

Yes flat tax on wealth with a 2 million dollar exclusion that increases with the cost of living.

 

[BahamaBob]

Counter claims, the Swiss example,

The Swiss town that taxes its wealthy without scaring them away

Zug takes only a small portion from its richest residents but the revenue is significant

www.ft.com

It fascinates me that those resistant to taxing the wealth of the wealthiest fail to recognize and account for
the enormous resources devoted to bashing the concept, vs the tiny fraction available to advancing advocacy for a wealth tax.

Now that is a laugher. Trying to compare a town with a population of less that 30K with the US. Major fail. Try again.

 

[TurtleDude]

One, I don't recall asking YOU if YOU make > 400 large a year, and Two...if you want to whine and cry about the white man's burden of rich folks paying more taxes, please start your own thread.
I ASKED @The Baron if HE makes more than 400 large a year.
And that's because the tax scheme put forth by Dems specifically states that if you make LESS than that, your taxes not only won't rise, they might even go down.
The majority of Americans make a LOT LESS THAN $400K/year.

why do so many of you lefties have to bring up race?

 

[TurtleDude]

Yes flat tax on wealth with a 2 million dollar exclusion that increases with the cost of living.

Won't happen. and if the parasite mentality manages to get that passed, the wealth libs are going to join with us. I don't think people like you would want that to happen

 

[TurtleDude]

You shouldn't bother Turtle with things like human interactions. His 2 dimensional world has no way of handling real world economics.

translation-your lame ass posts are easily destroyed. I find it hilarious that the people who claim to be expert on economics seem so envious of others who actually have mastered personal economics far better than the wealth vandals.

 

[TurtleDude]

So you would do away with the income tax and only pay tax only after some minimum amount of wealth had been acquired?

nah, he wants the wealthy to pay both income taxes and a wealth tax.