'Taxing the Rich'

Discussion in 'Politics' started by JBeukema, May 18, 2011.

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  1. JBeukema
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    JBeukema BANNED

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    http://taxvox.taxpolicycenter.org/2011/05/12/the-very-rich-really-are-different/
     
  2. NoEconomist
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    NoEconomist Member

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    :popcorn: Here we go...
     
  3. auditor0007
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    auditor0007 Gold Member

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    But, but, buttt they worked harder to earn that money, so they should get to keep more of it.
     
  4. Old Rocks
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    Old Rocks Diamond Member

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    LOL. Well surely they did. Ol' Madoff and his cronies just sweated themselves on how to cheat more people. Those CEO's that engineered the crash of 2008 worked so very hard for their hundreds of millions, while the lazy people in the factories deserved to lose their jobs, health care, and homes.

    Yeah, that is sure the GOP mantra.
     
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  5. Mr.Nick
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    Mr.Nick VIP Member

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    Whats so wrong with being successful??

    Besides, creating wealth is not a bad thing.

    IMO, in modern times the government is guilty of racketeering.
     
  6. Old Rocks
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    Old Rocks Diamond Member

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    Nothing wrong in creating wealth. The people, the CEOs of the companies that created the crash of 2008 did not create wealth for anybody other than themselves. For everybody else, they created poverty. Yet you defend them from having to pay their fair share of the tax burden.
     
  7. elvis
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    elvis BANNED Supporting Member

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    You mean GOPers like Lawrence Summers, Chris Dodd, and Bill Clinton?
     
  8. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    The underlying assumption that a high tax rate would have resulted in the same 277% increase income as did the lower tax rate is specious. High tax rates discourage risk taking. So, if your objective is to make the Wealthy Less Wealthy, then by all means, increase taxes, slow down economic growth, and destroy the environment for job creation which was spurred in the actual scenario.
     
  9. auditor0007
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    auditor0007 Gold Member

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    Not a thing wrong with being successful or with creating wealth. The issue is that when you add in all federal taxes, those uber wealthy are paying a much lower tax rate then the middle class. Something is seriously wrong with that, don't you think? Or do you support the idea of the more you make, the lower your tax rate should be?
     
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  10. Midnight Marauder
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    Why Ay Doubleyou In.
     
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