The justification for wealth-redistribution.[W:2037]

[PMZ]

Re: The justification for wealth-redistribution.

But that was how it happened in the times leading up to the French Revolution. Ruthless tax collectors stripped peasants of the very necessities of life. And you were the one asserting that current US economic conditions parallel 1790's France.



Uh... OK. Football is keeping the starving and oppressed peasants from revolting. Gotcha.

I don't know if "peasants" distinguish between dying of starvation and disease or injury.

 

[PMZ]

Re: The justification for wealth-redistribution.

OK, your turn. Provide an example with details. Then we can evaluate what is reality and what is dishonest rhetoric and propaganda.

Stock options.

 

[Papa bull]

Re: The justification for wealth-redistribution.

I don't know if "peasants" distinguish between dying of starvation and disease or injury.

I'm sure they did because the starvation was the fault of tax collectors robbing them. Disease and injury weren't inflicted on them by the tax collectors, Lords and Monarchy.

 

[Papa bull]

Re: The justification for wealth-redistribution.

Stock options.

Give me an example of an executive getting stock options and not paying taxes on them when they were executed.

 

[PMZ]

Re: The justification for wealth-redistribution.

Try to follow the bouncing ball.

Performance pay is part of payroll.
Payroll is an expense.
Expenses are deductions that reduce the bottom line.
The CEO pays taxes on the money instead of the corporation.
Yawn.

Don't hang out the CPA shingle without substantially more training.

 

[Papa bull]

Re: The justification for wealth-redistribution.

Don't hang out the CPA shingle without substantially more training.

Don't argue ad hominem. Argue facts.

 

[PMZ]

Re: The justification for wealth-redistribution.

Give me an example of an executive getting stock options and not paying taxes on them when they were executed.

That's not the point, is it.

People who get paid much more than their lifestyle requires accumulate wealth after paying income taxes. They can invest that wealth in equities. If they have stock options, equities at bargain prices.

When they sell that stock, if it's worth more than they bought it for, they have that excess as more income, but taxed at half of the rate of their other income.

Did you think that billionaires got that way from working long hours?

 

[rabbitcaebannog]

Re: The justification for wealth-redistribution.

Try to follow the bouncing ball.

Performance pay is part of payroll.
Payroll is an expense.
Expenses are deductions that reduce the bottom line.
The CEO pays taxes on the money instead of the corporation.
Yawn.

Wow, just wow. opcorn2: Keep on rationalizing it. It just shows your hypocrisy when it comes to wealth re-distribution. It bad when it gets funneled back to the bottom but it's A okay when it gets funneled to the top.

 

[PMZ]

Re: The justification for wealth-redistribution.

Don't argue ad hominem. Argue facts.

You don't.

 

[Starbuck]

Re: The justification for wealth-redistribution.

But that was how it happened in the times leading up to the French Revolution. Ruthless tax collectors stripped peasants of the very necessities of life. And you were the one asserting that current US economic conditions parallel 1790's France.

In France it was the monarchy, collecting money to run the fountains at Versailles.

In the U.S. it was the robber barons collecting rents while starving workers to pad their pockets.

The result was nearly the same, only in the U.S. we were slightly more civilized and the government had machine guns. Beyond that, the cause was nearly the same, just substitute rent for tax and you've got an identical match.

Uh... OK. Football is keeping the starving and oppressed peasants from revolting. Gotcha.

Again, bread & circuses.

Sure football isn't 100% responsible for staving off violent revolution, but the concept of television as entertainment has definitely placated the proles long enough in the United States.

 

[Arbo]

Re: The justification for wealth-redistribution.

Most of us would be fine with everybody getting paid in proportion to their contribution.

This is a fantasy you seem to be stuck in. If you don't think you are getting paid enough, move along, prove to everyone you are worth more. Don't use the force of government.

 

[PMZ]

Re: The justification for wealth-redistribution.

I'm sure they did because the starvation was the fault of tax collectors robbing them. Disease and injury weren't inflicted on them by the tax collectors, Lords and Monarchy.

Liberals have in America today, eliminated starvation, over the objections of conservatives.

Now we're on to the other causes of death by poverty, disease and injury.

This is affordable because capitalism has created people wealthy beyond imagination, on the backs of those who create wealth, middle class workers.

Those middle class wealth creators run our democracy and understand death by poverty.

Capitalism creates wealth beyond imagination, democracy puts it to the best use.

 

[PMZ]

Re: The justification for wealth-redistribution.

This is a fantasy you seem to be stuck in. If you don't think you are getting paid enough, move along, prove to everyone you are worth more. Don't use the force of government.

I did.

 

[Papa bull]

Re: The justification for wealth-redistribution.

That's not the point, is it.

Yes, that's the point, was it. If you want to argue that executives are getting stock options that they aren't paying taxes on, then you should provide an example of that phenomenon so that we can see what you are talking about.

People who get paid much more than their lifestyle requires accumulate wealth after paying income taxes.

That's a serious cause of major butt-hurt for some people isn't it?

They can invest that wealth in equities. If they have stock options, equities at bargain prices.

Huh? You're saying that as though only rich people can invest in equities and stock options. I'm not rich and I can do it. You're not rich and you can do it. What does this have to do with CEO's?

When they sell that stock, if it's worth more than they bought it for, they have that excess as more income, but taxed at half of the rate of their other income.

Did you think that billionaires got that way from working long hours?

Ahhhh.... you're back to complaining about the long term corporate gains rate. That isn't a "tax loophole" that only benefits the wealthy. If you would have bought a few shares of apple stock 20 years and cashed it in today, you'd have only had to pay the long term capital gains rate, too. Long term capital gains is a whole different discussion. Let's see if we can sort out the spurious claims that were already made before tossing the smoke grenade and heading off in a whole different direction.

 

[Papa bull]

Re: The justification for wealth-redistribution.

Liberals have in America today, eliminated starvation, over the objections of conservatives.

Now we're on to the other causes of death by poverty, disease and injury.

This is affordable because capitalism has created people wealthy beyond imagination, on the backs of those who create wealth, middle class workers.

Those middle class wealth creators run our democracy and understand death by poverty.

Capitalism creates wealth beyond imagination, democracy puts it to the best use.

Best use being whatever you thing other people's wealth should be used for rather than what they think it should be used for, of course. There's that utter contempt for property rights that has led to the conclusion that liberals are just thieves that are too lazy and cowardly to do their own stealing.

 

[Papa bull]

Re: The justification for wealth-redistribution.

You don't.

You've got a habit of just "saying stuff".

 

[Papa bull]

Re: The justification for wealth-redistribution.

Wow, just wow. opcorn2: Keep on rationalizing it. It just shows your hypocrisy when it comes to wealth re-distribution. It bad when it gets funneled back to the bottom but it's A okay when it gets funneled to the top.

Hypocrisy? There's no hypocrisy. Employee pay is an expense. Period. There's no double standard. It should always be a deduction for the corporation writing the check and income for the person receiving it. What's got you so "wowed" about that?

 

[Arbo]

Re: The justification for wealth-redistribution.

Liberals have in America today, eliminated starvation, over the objections of conservatives.

You really do live in a magical fantasy land. Holy crap!

 

[Papa bull]

Re: The justification for wealth-redistribution.

You really do live in a magical fantasy land. Holy crap!

You noticed that, too, huh?

 

[Arbo]

Re: The justification for wealth-redistribution.

When they sell that stock, if it's worth more than they bought it for, they have that excess as more income, but taxed at half of the rate of their other income.

Because there is risk involved in investing your money. And *anyone* can invest, not just the 'rich'. You need to come back down onto planet earth.

 

[PMZ]

Re: The justification for wealth-redistribution.

Best use being whatever you thing other people's wealth should be used for rather than what they think it should be used for, of course. There's that utter contempt for property rights that has led to the conclusion that liberals are just thieves that are too lazy and cowardly to do their own stealing.

I'm a big fan of democracy as were our founders. If you are not, I would suggest that there are many tyrannical governments in the world that, if you are in the in crowd, might allow you the additional control that you are obsessed with.

 

[Papa bull]

Re: The justification for wealth-redistribution.

I'm a big fan of democracy as were our founders. If you are not, I would suggest that there are many tyrannical governments in the world that, if you are in the in crowd, might allow you the additional control that you are obsessed with.

Democracy doesn't equate to you and a bunch of OWS stoners deciding what to do with other peoples' money.

 

[Arbo]

Re: The justification for wealth-redistribution.

I'm a big fan of democracy as were our founders.

Except that they were not.

 

[PMZ]

Re: The justification for wealth-redistribution.

Because there is risk involved in investing your money. And *anyone* can invest, not just the 'rich'. You need to come back down onto planet earth.

You are in denial of the simple truth that the poorest 20% whom you blame for all of your considerable unhappiness have zero wealth of any kind to invest.

At the other end of the spectrum are people who never, ever have to work but will also never, ever be able to spend their wealth no matter how lavish their lifestyle. Among them are people who only pay meager capital gains taxes.

You seem to support the government that those folks can buy. I support the government that the 60% who create all wealth for everybody can vote in.

 

[PMZ]

Re: The justification for wealth-redistribution.

Except that they were not.

How did they decide what to put in/out of the Constitution?