Half of U.S. households pay no income tax...So the obvious question is what happens

Discussion in 'Politics' started by Robert, Apr 17, 2011.

  1. Robert
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    Robert Really nice Guy

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    When we have more Takers then Givers who support our Society.

    In case the left missed it we are rapidly reaching that threshold. I asked a question not long ago "When will the Poor become the new Rich" what do you suppose our Nations future look's like given where we are today.


    Giver and Takers
     
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  2. Political Junky
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    Political Junky Gold Member

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    The poor and middle class pay on every dollar of their paychecks in the form of withholding taxes, not to mention sales tax etc.
    Many of the wealthy pay a rate of 15% capital gains...less percentage than those above.
     
  3. Robert
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    Robert Really nice Guy

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    Local city and State tax's are not federal tax's. You make the argument that the rich pay 15% on Capital Gains but then those same rich are the one that take the risk in creating more wealth.

    How many poor or middle class do you see risking million's of capital on a venture? or spending millions on homes and toy's which btw is taxed and employs people. If we remove any incentive to invest that capital not much is going to get done and the number POOR will grow.

    Also are you arguing that the "withholding tax's" which include ss and the like shouldn't be paid?
     
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    Last edited: Apr 17, 2011
  4. NYcarbineer
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    NYcarbineer Diamond Member

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    Republican policy created that condition.
     
  5. Robert
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    Robert Really nice Guy

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    No actually it was the democrat controlled congress and senate that attempted to make the former administration look bad and amazingly the only thing they did was to cripple this administration right out of the gate as well as losing the Congress and more then likely the senate on the next go around. But do drop by again
     
  6. Antiderivative
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    Antiderivative BANNED

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    The poor will never become the new rich, but Ayn Rand fantasy loving Republicans love to dream up this dream world while getting on their knees for their corporate masters.
     
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  7. Robert
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    Robert Really nice Guy

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    Ummm ok?

    Join us in the real world when you have time
     
  8. Agit8r
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    Agit8r Gold Member

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    Let's look at causes and effects, shall we?

    What CAUSED half of American households to operate in the red?
     
  9. P F Tinmore
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    P F Tinmore Platinum Member

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    Speaking of Ayn Rand, Hank Reardon stated that part of his success was that he paid his help well.

    I think Henry Ford mentioned something similar.

    Funny nobody mentions that.
     
  10. Antiderivative
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    Antiderivative BANNED

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    I do live in the real world where income and wealth disparities are increasing while at the same time labor productivity has been increasing, yet the uber rich have been capturing our labor productivity.

    This is what Bastiat calls legalized plunder, yet some rw kooks think that the poor are becoming the new rich.

    The world I live in is truly mad.
     

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