So Joe... what is the "fair share"???

[bripat9643]

View attachment 541820

Post hoc, ergo propter hoc.

 

[Nostra]

Nope
In a Ponzi Scheme the revenue stream dries up leaving investors with nothing.
SS has a steady revenue stream

In actuality, Social Security is a giant Ponzi scheme operated by the government. Benefits that are paid to existing retirees come from the current taxes from those working today and borrowing. There is no reserve pool.

Social Security, a government Ponzi scheme, headed for collapse

Who is going to support you in your old age? Most Americans rely heavily on Social Security benefits - but will the benefits be available when you retire?

www.washingtontimes.com

 

[rightwinger]

Post hoc, ergo propter hoc.

Domo Arigato Mr Roboto

 

[Orangecat]

There is no way a Bank can continue to gives loans without new money coming in from deposits.
Therefore, by your reasoning, Banks are just a Huge Ponzi Scheme.

A loan isn't a ponzi-scheme payout.

My goodness dude.
Think before you type.

 

[Orangecat]

If people rushed to the bank to get their money, which I hope never happens, then that bank would NOT have the funds available to give EVERY depositor their money.

That would be the result of government legalizing fractional reserve lending, not a ponzi scheme. Educate yourself.

 

[bripat9643]

Domo Arigato Mr Roboto

I knew you didn't know what that means.

 

[Orangecat]

People that are currently working, like me, add to the pot every month.

You just admitted SS is a ponzi scheme:
Ponzi Scheme
A Ponzi scheme (/ˈpɒnzi/, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.

 

[Orangecat]

It happens to do with the wealthy being more capable of paying a higher tax rate than poor people
Simple math

Not simple math, only the opinion of a simpleton.

 

[BluesLegend]

But no one actually paid those rates.

This has been debunked over and over.

Forget the rate lies and spin. Lets talk income tax dollars paid...the top 10% of earners paid 71% of the income taxes collected. FACT! Now tell us we don't pay our fair share.

 

[hadit]

Can you show a flat tax plan where working Americans do not pay more and the wealthy pay less?

Define "more" and "less" and we can talk. Here's a hint, though. A flat tax means everyone either pays the same amount or the same percentage. Start there.

 

[bripat9643]

It happens to do with the wealthy being more capable of paying a higher tax rate than poor people

Simple math

That's the moral code of a thief.

 

[Orangecat]

Taxes are the price we pay to live in a civilized society

So the poor people who pay no tax don't deserve to live in a civilized society?

 

[bripat9643]

Kind of like Social Security

Nope, not like Social Security.

 

[Orangecat]

Great societies do not rely on Darwinism

The evolution of a successful species does.

 

[Nostra]

Define "more" and "less" and we can talk. Here's a hint, though. A flat tax means everyone either pays the same amount or the same percentage. Start there.

Treating everyone the same isn't fair to Dimwingers.......

 

[Couchpotato]

Forget the rate lies and spin. Lets talk income tax dollars paid...the top 10% of earners paid 71% of the income taxes collected. FACT! Now tell us we don't pay our fair share.

Im not saying the top 10% dont. I know they do. The point is to the narrative that we at one time had tax rates that were in the 70% or higher stratus might be true but it's a moot point because no one paid them. You could make a tax bracket with a rate of 100% but if no one is in that bracket it's meaningless.

What the progressives always seem to miss is that if you make the taxes high enough people will just stop making the money, or pass that cost down the line to a consumer. 30% of 100 is more than 90% of 0.

 

[Orangecat]

Hence, it is no Ponzi Scheme
It has a steady stream of revenue

Just because the government mandates a perpetual source of money does not change the basic fact that a ponzi scheme uses current "investors" to pay previous ones. Educate yourself.

 

[Orangecat]

That's the moral code of a thief.

Or a marxist: From each according to their ability, to each according to their needs.

 

[rightwinger]

Just because the government mandates a perpetual source of money does not change the basic fact that a ponzi scheme uses current "investors" to pay previous ones. Educate yourself.

yup
Therefore not making it a PonzI Scheme
A Ponzi scheme is designed to generate revenue quickly and then bail before the pyramid collapses

SS been working for 80 years

 

[Nostra]

yup
Therefore not making it a PonzI Scheme
A Ponzi scheme is designed to generate revenue quickly and then bail before the pyramid collapses

SS been working for 80 years

SS will soon be paying out more than it takes in. Yet another textbook definition of a ponzi scheme, Dumbass.