Is Obama's "rich tax" starting to make sense?

Discussion in 'Current Events' started by JoeB, Aug 16, 2011.

  1. JoeB
    Offline

    JoeB Rookie

    Joined:
    Aug 16, 2011
    Messages:
    4
    Thanks Received:
    0
    Trophy Points:
    1
    Ratings:
    +0
    Someone help me understand.

    I've always been relatively conservative in most my views. In particular the financial conservatives always made more sense to me than the liberals, but then I heard a conservative talk show host try to make a case against raising the tax on the rich by saying that 5% of the population is currently paying 95% of income tax ... fail.

    If that is the case then raising the tax on that upper 5% by 5% will generate as much income as doubling the tax on the rest of us. Right?

    Now I live in a nice neighborhood and I've seen that there is a big difference between how a millionaire and a trash collector live in this country. A big enough difference that I don't think that inching up the doctor's taxes by 5% is going to create nearly the work disincentive as doubling the tax on the trash collector.

    Could Obama be right about the "rich" tax? Someone set me straight - if you can.
     
  2. Meister
    Offline

    Meister VIP Member Supporting Member

    Joined:
    Jan 15, 2009
    Messages:
    25,900
    Thanks Received:
    8,099
    Trophy Points:
    63
    Location:
    Conservative part of the Northwest
    Ratings:
    +8,100
    You need to bring the facts to the table, "conservative".

    The top 5% pay 60% of the tax....not 95% of the tax. Now wudyagonnado?
    Top 5%
    59.67%
    above $145,283
    The Tax Foundation - New Data: Top 1% Pay Greater Dollar Amount in Income Taxes to Federal Government than Bottom 90%

    You really don't sound too conservative....if we would have used your numbers that the top 5% that are paying your 95% number, and you feel that they should just pay the rest of the 5% outstanding, too.
    You sound like a class envy liberal to me.
     
  3. Quantum Windbag
    Offline

    Quantum Windbag Gold Member

    Joined:
    May 9, 2010
    Messages:
    58,308
    Thanks Received:
    5,014
    Trophy Points:
    245
    Ratings:
    +5,221
    In a word, no.
     
  4. JMadison
    Offline

    JMadison Constitutionalist

    Joined:
    Aug 15, 2011
    Messages:
    113
    Thanks Received:
    12
    Trophy Points:
    16
    Location:
    VA
    Ratings:
    +12
    I don't know, but you're not conservative and never have been. Anyone that talks like that is NO conservative in any shape, matter or form.
     
    • Thank You! Thank You! x 1
  5. The Gadfly
    Offline

    The Gadfly Senior Member

    Joined:
    Feb 7, 2011
    Messages:
    2,190
    Thanks Received:
    610
    Trophy Points:
    48
    Ratings:
    +611
    Definition of a liberal: someone who believes in trying to make life "fair"...with someone else's money.
     
    • Thank You! Thank You! x 2
  6. Zander
    Online

    Zander Platinum Member

    Joined:
    Sep 10, 2009
    Messages:
    17,437
    Thanks Received:
    6,573
    Trophy Points:
    390
    Location:
    Los Angeles CA
    Ratings:
    +12,866
    True. They all constantly talk about "equality". Problem is, they want equality of outcome, regardless of talent or effort. Conservatives want equality too, equality of opportunity. The outcome is up to the individual.
     
    • Thank You! Thank You! x 1
  7. CitizenPained
    Offline

    CitizenPained Dissident-Jude

    Joined:
    Jul 10, 2011
    Messages:
    1,151
    Thanks Received:
    138
    Trophy Points:
    48
    Location:
    Denver
    Ratings:
    +138
    I'm concerned about homeowners and the housing market. I'm not so concerned about getting a $4,000 check next April.
     
  8. Zander
    Online

    Zander Platinum Member

    Joined:
    Sep 10, 2009
    Messages:
    17,437
    Thanks Received:
    6,573
    Trophy Points:
    390
    Location:
    Los Angeles CA
    Ratings:
    +12,866
    I assume you are referring to over-withholding from your paycheck throughout the year (a bad strategy by the way) and then getting your own money back after you file your tax return? If so, don't fret! You can donate your money to the government. Seriously, they'll take it, spend it all and 40% more. You and Warren Buffet can lead the way!! Walk the walk baby!!!
     
  9. Sherry
    Offline

    Sherry You're not the boss of me Supporting Member

    Joined:
    Mar 28, 2009
    Messages:
    21,491
    Thanks Received:
    8,794
    Trophy Points:
    960
    Location:
    some beach
    Ratings:
    +11,072
    The problem that a lot of us have with raising taxes on ANY Americans is that we don't trust the government to wisely spend ANY of our money. If they didn't have a such a shitty track record, then I think more people would be willing to put it on the table....but we don't have any faith that they'd use more revenue to shrink the government.
     
    • Thank You! Thank You! x 1
  10. JoeB
    Offline

    JoeB Rookie

    Joined:
    Aug 16, 2011
    Messages:
    4
    Thanks Received:
    0
    Trophy Points:
    1
    Ratings:
    +0
    I think you've hit on the best argument. Instead of the "Ag!, you not good conservative, you bleeding heart liberal" banter which my post received from most people you are shooting at the real issue: Do we really need to be giving our "leaders" more money to waste or should we expect them to clean up their spending first.

    Good point, but with our debt maxed out we may have no choice, but to raise taxes (even after the Tea Party does it's best to clean up wasteful spending).

    I think tighter control on lobbyists might be a good start!
     

Share This Page