Time to crack down on them rich people

Discussion in 'Economy' started by Patrick2, Jul 27, 2011.

  1. Patrick2
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    Patrick2 Senior Member

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    [irony]

    Yaaaa yaaaaa yaaaaaaa - they pay nearly all the taxes, but so what? Just because they go to school longer, work harder, and are smarter, who says they should have more money than the average joe? And what do they ever do for us regular folks - besides give us jobs, provide capital for our society, and support our charities? The government should GET some of their money, and give it to us. Why? Well, because we exist. Here's the way I look at it - if you force a bank to hand over their money, it's robbery. But if the GOVERNMENT does it, it's perfectly OK, because then it's LEGAL. Funny, lots of things are like that - Madoff is going to jail for a zillion years because of running a ponzi scheme, but the government has been running a vastly bigger one for decades - social security - and just like Madoff's scheme, the last ones to put anything in are the ones to get ripped off. Isn't it amazing how all kinds of monstrous shit becomes "OK" when the government does it? It's a friggin miracle! :lol: So let's help ourselves to some of that LEGALLY gotten money from rich folks. Hell, it's like manna from heaven!! :lmao:

    [/irony]
     
    Last edited: Jul 27, 2011
  2. editec
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    editec Mr. Forgot-it-All

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    Oh those poor poor billionaires.

    They are the whipping boys of the USA.

    See their suffering?

    They're crying all the way to the bank.
     
  3. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Well, let's see, wasn't it Obama that said back in 2009 that raising taxes in a poor economy was a bad idea?

    Wasn't it Obama that pushed for and got the reduced payroll taxes? Why? According to him, to stimulate the economy. And isn't he pushing to extend that?

    So why is it that now Obama and the Dems want to raise taxes on the very people that provide capital to start new businesses and expand existing ones? Does that not strike you as a bit hypocritical?

    The truth is that Obama is playing populistic politics, playing the class warfare card. I understand, it's all he's got left, but by his own words he's deliberately trying to harm the country's economy. What a bunch of BS, he will veto a short term extension of the debt ceiling? Gotta have the ceiling extended through the next election? What could be more politically motivated than that?
     
  4. Flopper
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    Flopper Gold Member

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    A California based company recently moved it's entire manufacturing and support operation offshore. They took a tax write off for the cost of shutting down the US plant and laying off over a hundred workers. Then they took another tax write off for establishing a new plant and hiring workers overseas. They took a tax write off for the cost of the design and development of new equipment to be manufactured overseas. The equipment is being sold to a shell company in a tax haven country, so no taxes at all are being paid on the sale.

    I commend those that are smart enough to profit from these tax loopholes and condemn our congress for allowing them to exist. I'm not opposed to rewarding American businesses for investing in America but it's absolutely criminal for our congress to reward businesses for shipping jobs and manufacturing overseas.
     
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    Last edited: Jul 27, 2011
  5. Patrick2
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    Patrick2 Senior Member

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    And those 200,000 a year folks - we'll loot them too! Why? cuz we need money, and stealing from rich people isn't really stealing, because, ah, er, uh - they're rich! Also, all moral laws are suspended when people have more than X number of dollars. Know what I mean?
     
    Last edited: Jul 27, 2011
  6. Patrick2
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    Patrick2 Senior Member

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    I generally agree, but the WINNING attitude is to ask why it happens - is it because the US doesn't come with innovative new products and services that only (for a while) our highly-educated work force can produce? Hmmmm - why's that? Oh yeah - the failed government schools.
     
  7. Flopper
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    Flopper Gold Member

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    Although improving American education should be a priority, changing tax law is easier and addresses the problem more directly.
     
  8. Patrick2
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    Patrick2 Senior Member

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    There are a LOT of reasons, most of which get down to liberal social policy: holding back the best and brightest in our society with "affirmative action", irrational anti-corporate attitudes, immigration policy which directs the illiterate into our country instead of the high IQ.
     
  9. ShackledNation
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    ShackledNation Libertarian

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    The company did not move from California because California has too little regulation. I moved because there was too much regulation, and too many taxes. Also, what company, when, what tax write offs?
     
  10. MikeK
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    MikeK Gold Member

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    The reason why a small percentage of the population pays most of the taxes is that small percentage of the population has over the past three decades managed to acquire and hoard more than 95% of the Nation's wealth resources. You need to understand what has happened to our Country's economy since Reaganomics commenced the disassembly of the middle class and inverted the distribution of wealth. "Trickle-down" was in reality a relentless upward flow of capital the ultimate effect of which has been the virtual bankrupting of Middle America.

    While most of the federal tax revenues are paid by a small percentage of the population it simply is not enough to sustain government's requirements. The problem is the rate at which the upper income category is presently taxed was adequate when the middle income category was sufficiently affluent to make up the difference. That is no longer the case.
     

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