How the rich get richer

[rightwinger]

The top 10% of income earners already pay like 80% of income tax collected.
You'll need a new gig here.

Golly gee Mr Rabbi....

They call it an INCOME TAX. If 10% of income earners are paying 80% of the tax that must mean they are monopolizing 80% of available income.

If they don't like it...they are always able to "Trickle down" some of that income so they wouldn't have that unbearable burden

Trickle up never works.

It sure works for the wealthy. That is how they have monopolized more of our national wealth

Thank you Ronald Reagan

 

[CMike]

Golly gee Mr Rabbi....

They call it an INCOME TAX. If 10% of income earners are paying 80% of the tax that must mean they are monopolizing 80% of available income.

If they don't like it...they are always able to "Trickle down" some of that income so they wouldn't have that unbearable burden

Trickle up never works.

It sure works for the wealthy. That is how they have monopolized more of our national wealth

Thank you Ronald Reagan

Perhaps you can take some advance sewer worker classes and you can advance. That why you may not be so envious of everyone else.

 

[rightwinger]

The top 10% of income earners already pay like 80% of income tax collected.
You'll need a new gig here.

Golly gee Mr Rabbi....

They call it an INCOME TAX. If 10% of income earners are paying 80% of the tax that must mean they are monopolizing 80% of available income.

If they don't like it...they are always able to "Trickle down" some of that income so they wouldn't have that unbearable burden

If that Tax was a fixed percentage, and not progressive, You might have a foundation.

Yes...that difference between 25% tax bracket and 38% tax bracket is strangling the wealthy

 

[CMike]

It certainly doesn't help the economy.

 

[rightwinger]

Trickle up never works.

It sure works for the wealthy. That is how they have monopolized more of our national wealth

Thank you Ronald Reagan

Perhaps you can take some advance sewer worker classes and you can advance. That why you may not be so envious of everyone else.

We sewer workers are proud of what we do for our society....unlike door to door salesmen

 

[boedicca]

Golly gee Mr Rabbi....

They call it an INCOME TAX. If 10% of income earners are paying 80% of the tax that must mean they are monopolizing 80% of available income.

If they don't like it...they are always able to "Trickle down" some of that income so they wouldn't have that unbearable burden

Monopolizing 80% of Available Income?

Income is not a natural resource that is just available to anyone to pick up off the ground for now effort. It is earned via a combination of investing capital, creativity, intellectual property, and hard work.

The top 10% actually earn far less than that - the latest info I have handy is approximately 38% - for which they paid 67% of total federal income taxes. On top of this they pay state, local, payroll, social security, medicare, and a myriad of excise taxes.

They also CREATE or FUND JOBS that employ the people who earn less (something that always escapes those who salivate over income redistribution).

How much of a person's income do you think they should pay in total taxes?

 

[Gadawg73]

Who knows better how to use my $?
Myself or the government?

 

[Sherry]

Who knows better how to use my $?
Myself or the government?

It depends on who you ask.

 

[Gadawg73]

Who knows better how to use my $?
Myself or the government?

It depends on who you ask.

How about you for starters.

 

[Sherry]

Who knows better how to use my $?
Myself or the government?

It depends on who you ask.

How about you for starters.

Awww you haven't been paying attention. See post #31. There are many politicians though who think they are smarter than you.

 

[Gadawg73]

It depends on who you ask.

How about you for starters.

Awww you haven't been paying attention. See post #31. There are many politicians though who think they are smarter than you.

I am starting to get off on my allergy medicine again and am a little slow today.
Wham it ZERO!!!

 

[teapartysamurai]

Oh how terrible, people are making money!!!!!!!!!

Give me a break.

That's not fair. Everyone should be poor.

Exactly. Beware of liberals who cry about "social justice," "spreading the wealth," and "making things fair."

They can't make everyone happy. They CAN make us all miserable.

They can't make us all rich. They CAN make us all poor.

They can't feed everyone. They CAN starve everyone.

They can't give quality healthcare to everyone. They CAN ration it so those they consider "inconvenient" die.

Study the Soviet Union. That's the ultimate in such social planning and it meant the death of millions.

When liberals cry about the "rich getting richer" and the "poor getting pooerer" what they really mean is people are making money they can't get their hands on, and it is just burning their butt, that is true.

 

[Gadawg73]

Oh how terrible, people are making money!!!!!!!!!

Give me a break.

That's not fair. Everyone should be poor.

Exactly. Beware of liberals who cry about "social justice," "spreading the wealth," and "making things fair."

They can't make everyone happy. They CAN make us all miserable.

They can't make us all rich. They CAN make us all poor.

They can't feed everyone. They CAN starve everyone.

They can't give quality healthcare to everyone. They CAN ration it so those they consider "inconvenient" die.

Study the Soviet Union. That's the ultimate in such social planning and it meant the death of millions.

When liberals cry about the "rich getting richer" and the "poor getting pooerer" what they really mean is people are making money they can't get their hands on, and it is just burning their butt, that is true.

I am all for social justice but it is real easy to be a liberal when you are using other people's $.

 

[Douger]

Move to a nation that actually produces something ?

 

[rightwinger]

Golly gee Mr Rabbi....

They call it an INCOME TAX. If 10% of income earners are paying 80% of the tax that must mean they are monopolizing 80% of available income.

If they don't like it...they are always able to "Trickle down" some of that income so they wouldn't have that unbearable burden

Monopolizing 80% of Available Income?

Income is not a natural resource that is just available to anyone to pick up off the ground for now effort. It is earned via a combination of investing capital, creativity, intellectual property, and hard work.

The top 10% actually earn far less than that - the latest info I have handy is approximately 38% - for which they paid 67% of total federal income taxes. On top of this they pay state, local, payroll, social security, medicare, and a myriad of excise taxes.

They also CREATE or FUND JOBS that employ the people who earn less (something that always escapes those who salivate over income redistribution).

How much of a person's income do you think they should pay in total taxes?

An even better dodge is the ability of the top 5% to aquire wealth without claiming it as income. The income tax is directed at the 9-5 worker who has no choice in declaring what he earns. The wealthy however, can defer wealth and funnel it into tax free vehicles.
This results in the worker having to pay a higher percentage of what he has actually earned

 

[rightwinger]

They also CREATE or FUND JOBS that employ the people who earn less (something that always escapes those who salivate over income redistribution).

The money spent to create or fund jobs is a business expense and is not taxable as income

 

[boedicca]

An even better dodge is the ability of the top 5% to aquire wealth without claiming it as income. The income tax is directed at the 9-5 worker who has no choice in declaring what he earns. The wealthy however, can defer wealth and funnel it into tax free vehicles.
This results in the worker having to pay a higher percentage of what he has actually earned

The ability to invest and hold assets for long term capital gains is not limited to only the top 5%. They pay capital gains taxes when the assets are sold - the holding of which benefits the economy as invested capital which CREATES JOBS.

History has shown that capital investments are much better for real private sector job creation than massive amounts of government debt.

At the end of the day, your version of public policy which is based on Envy destroys the vitality of an economy - as we see in high relief via the lack of new full time private sector jobs in the present.

 

[nraforlife]

Social Security Rip Off - Recent studies showed that some retirees need social security to avoid poverty - 12% of them. The other 88% simply get to improve their lifestyle at the expense of working folk who support this Ponzei scheme. In fact, about $100 billion annually goes to retirees who make more than the average household income - a huge transfer of wealth from young to old and sometimes from the poor to the wealthy.

While there is a fair amount of truth in the OP, this one I gotta question. If the Fed' don't wanna pay the SS for which they have taxed me for the past 40 years, fine......BUT in that case I expect my money back with T-bill interest. From who's pocket is the money for that 'bailout' to come????? I suggest a Treasury issue of new currency once the Federal Reserve is abolished and its illgotten assets confiscated.

BTW a 10 - 15 year complete freeze on third world immigration would do far more for the struggling young worker than would cheating his parents/grandparents of their social security.

 

[teapartysamurai]

That's not fair. Everyone should be poor.

Exactly. Beware of liberals who cry about "social justice," "spreading the wealth," and "making things fair."

They can't make everyone happy. They CAN make us all miserable.

They can't make us all rich. They CAN make us all poor.

They can't feed everyone. They CAN starve everyone.

They can't give quality healthcare to everyone. They CAN ration it so those they consider "inconvenient" die.

Study the Soviet Union. That's the ultimate in such social planning and it meant the death of millions.

When liberals cry about the "rich getting richer" and the "poor getting pooerer" what they really mean is people are making money they can't get their hands on, and it is just burning their butt, that is true.

I am all for social justice but it is real easy to be a liberal when you are using other people's $.

Social justice = socialism.

And socialism = what I listed above.

Let's put it this way.

You have no coat. I have two coats. Jesus says, if I have two coats and someone else has no coat, give the man a coat!

But Jesus doesn't say some government body should force me to give up my extra coat. It is done of my own free will.

Now I can choose to be a selfish a-hole and not give up my coat, and say to you, go down to the church food pantry where they have coats you can get. Which is true.

My husband used to volunteer at a food pantry. There was food, showers, clothes and an unemployment office. They weren't used. My husband stopped volunteering, because he got disgusted at the truth that most of the people coming were just drug addicts, and the food pantry was nothing more than a way to facilitate them continuing to be pan handlers and drug addicts.

Now, when I offer my coat, YOU can say, "it's July, I don't need a coat." Or you can say "It's July now, but, hey I will need that coat come Janary, Thanks!"

Either way, it's YOUR freedom to accept or reject that coat.

So, freedom works this way.

But with the government involved, they take both coats, keep one, and give the other coat to whomever they choose.

Now we BOTH don't have a coat. That may be "fair," but it sure isn't a consolation come January.

So we both go down to the food pantry for a coat, but they don't have coats either, because there are less coats to go around, thanks to the government taking them all.

Now, that's over simplified, because taxes are far more complex, but it does give you the idea of the difference between freedom and the "fairness" the government would give us.

Fairness is not freedom. Fairness is the worst form of oppression, and it always involves the government taking away a freedom in order to make it fair.

It won't put one dime in your pocket. It's just designed to make you feel better because your neighbor doesn't have a coat either.

I am NOT for social justice.

 

[teapartysamurai]

Social Security Rip Off - Recent studies showed that some retirees need social security to avoid poverty - 12% of them. The other 88% simply get to improve their lifestyle at the expense of working folk who support this Ponzei scheme. In fact, about $100 billion annually goes to retirees who make more than the average household income - a huge transfer of wealth from young to old and sometimes from the poor to the wealthy.

While there is a fair amount of truth in the OP, this one I gotta question. If the Fed' don't wanna pay the SS for which they have taxed me for the past 40 years, fine......BUT in that case I expect my money back with T-bill interest. From who's pocket is the money for that 'bailout' to come????? I suggest a Treasury issue of new currency once the Federal Reserve is abolished and its illgotten assets confiscated.

BTW a 10 - 15 year complete freeze on third world immigration would do far more for the struggling young worker than would cheating his parents/grandparents of their social security.

The problem is, it is a ponzi scheme.

There are still people that think that money you pay into SS goes into some "lock box" and doesn't come out again, until you get to retirement age and start collecting SS.

That is the farthest thing from the truth. The sad truth is, that money was spent a long time ago, and your SS comes from taxes of those working today.

There aren't enough people working when the Baby Boomers retire to pay all those SS stipends.

Yes, the government ripped us off, but that doesn't change, just because you paid it in, means you are going to get that money back out.

It just isn't there.

Bush tried to warn people of this. People didn't listen. They decided to listen to the Democrats who scared them.

So, they get what they voted for, and the money has long been spent.