Zone1 Tax the Rich! Make them Pay their Fair Share!

[Chuz Life]

A couple of years ago, at a family function (graduation party), the subject of taxation came up. It wasn't me that brought it up, but I did make the mistake of kicking the hornets' nest.

The subject was mostly about the economy and Trump (again, it wasn't me), and one of my in-laws said something about "tax cuts for the rich," or "the rich not paying their fair share."

I wanted a clear answer and explanation for how to know or calculate what "their fair share" should be. That's all.

You would have thought I threatened them with a gun or something.

Needless to say, I never got an answer.

In my view, each and every citizens "tax burden" should initially be the same dollar amount. Thereafter, there should be taxes based on usage. For example, if you have a trucking company with 200 trucks running up and down the road every day.

My reasoning goes like this.

If Trump, Musk, or any other Billionaire were standing in line to buy a gallon of milk at the grocery store, should their cost for their gallon of milk be exponentially higher than what I pay, just because they have and make more money than I do?

In my view, fairness means we all pay the same.

Change My Mind.

 

[BULLDOG]

A couple of years ago, at a family function (graduation party), the subject of taxation came up. It wasn't me that brought it up, but I did make the mistake of kicking the hornets' nest.

The subject was mostly about the economy and Trump (again, it wasn't me), and one of my in-laws said something about "tax cuts for the rich," or "the rich not paying their fair share."

I wanted a clear answer and explanation for how to know or calculate what "their fair share" should be. That's all.

You would have thought I threatened them with a gun or something.

Needless to say, I never got an answer.

In my view, each and every citizens "tax burden" should initially be the same dollar amount. Thereafter, there should be taxes based on usage. For example, if you have a trucking company with 200 trucks running up and down the road every day.

My reasoning goes like this.

If Trump, Musk, or any other Billionaire were standing in line to buy a gallon of milk at the grocery store, should their cost for their gallon of milk be exponentially higher than what I pay, just because they have and make more money than I do?

In my view, fairness means we all pay the same.

Change My Mind.

Great idea if you change the fact that the top 1% of earners receive more than the bottom 60% in tax breaks and grants.

Top Content on LinkedIn

Explore top LinkedIn content from members on a range of professional topics.

www.linkedin.com

 

[Chuz Life]

Great idea if you change the fact that the top 1% of earners receive more than the bottom 60% in tax breaks and grants.

Top Content on LinkedIn

Explore top LinkedIn content from members on a range of professional topics.

www.linkedin.com

Who creates the jobs and (required by law) matches every dollar that employees pay in for Social Security?

 

[there4eyeM]

The basic problem is the immense part of the economy that is tied up by such a tiny proportion of the economy's participants. Those upon whom the functioning of the economy and society depends in the 'day-to-day' have too little influence upon the financial aspects. If that "rich" minority were wise, it would see where this is going (and where it has gone in the past), and would be working toward solutions. Stonewalling and oppressing most likely will result in very negative outcomes for all.
Fundamentally, we need fresh approaches to economics and release ourselves from the false dichotomies that old-time ideologies would keep us bound to.

 

[Care4all]

Who creates the jobs and (required by law) matches every dollar that employees pay in for Social Security?

Capital is only the fruit of labor, and could never have existed if labor had not first existed. "Labor is the superior of capital, and deserves much the higher consideration.” Abraham Lincoln addressed the importance of labor in his presidential address.

 

[Chuz Life]

The basic problem is the immense part of the economy that is tied up by such a tiny proportion of the economy's participants. Those upon whom the functioning of the economy and society depends in the 'day-to-day' have too little influence upon the financial aspects. If that "rich" minority were wise, it would see where this is going (and where it has gone in the past), and would be working toward solutions. Stonewalling and oppressing most likely will result in very negative outcomes for all.
Fundamentally, we need fresh approaches to economics and release ourselves from the false dichotomies that old-time ideologies would keep us bound to.

Help me understand how that answers the question about why the rich SHOULD have a greater tax burden than anyone else has. . Just because they have more money.

 

[Chuz Life]

Capital is only the fruit of labor, and could never have existed if labor had not first existed. "Labor is the superior of capital, and deserves much the higher consideration.” Abraham Lincoln addressed the importance of labor in his presidential address.

Still doesn't answer the question.

 

[Meathead]

Great idea if you change the fact that the top 1% of earners receive more than the bottom 60% in tax breaks and grants.

Top Content on LinkedIn

Explore top LinkedIn content from members on a range of professional topics.

www.linkedin.com

Federal flat tax for everyone making over $35,000. States can do whatever the hell they like.

 

[there4eyeM]

Help me understand how that answers the question about why the rich SHOULD have a greater tax burden than anyone else has. . Just because they have more money.

It said nothing about taxes. If anything, the post infers that, lacking intelligent concessions on the part of the absurdly "rich" minority, other means of addressing the situation will be employed. Taxes would be one of the more gentle forms.

 

[Chuz Life]

Let's try this. . .

The rich should pay more in taxes than the workers they may employ because _______________.

 

[Chuz Life]

It said nothing about taxes. If anything, the post infers that, lacking intelligent concessions on the part of the absurdly "rich" minority, other means of addressing the situation will be employed. Taxes would be one of the more gentle forms.

What situation are you referring to?

 

[initforme]

Let's try this. . .

The rich should pay more in taxes than the workers they may employ because _______________.

How about they quit employing people? Problem solved.

 

[elektra]

The rich pay more property tax than most peoples income

The rich pay more tax on those expensive cars.

Everything the rich buy costs more, hence they pay so much more sales tax.

Of course the richest people in the world are democrats. So what are the democrars up to, lying about who is rich

 

[Care4all]

Still doesn't answer the question.

This might help you...

Why labour is more important than capital

If you think capital is the driving force of the economy, you might want to sit down when you read this.

albertaworker.ca

There is no capital for them to spend, without labor providing excess labor value... from which they gain their profit, gain their capital.

 

[Chuz Life]

This might help you...

Why labour is more important than capital

If you think capital is the driving force of the economy, you might want to sit down when you read this.

albertaworker.ca

There is no capital for them to spend, without labor providing excess labor value... from which they gain their profit, gain their capital.

So answer the question already.

The rich should pay more in taxes than the workers they may employ because _______________.

Edit to add a bonus question. "What is the purpose of a (any) business?"

 

[Care4all]

So answer the question already.

The rich should pay more in taxes than the workers they may employ because _______________.

Edit to add a bonus question. "What is the purpose of a (any) business?"

The rich don't pay more for milk....so to me, your question is silly.


You answer your last question first....

 

[TroglocratsRdumb]

The Left Wing politicians exploit people's envy of rich people.
I have asked Left Wingers who envy rich people if they were rich would they hate themselves, and they say of course not, they would share their wealth with poor people.(lie)
The truth is that everyone wants to be rich.
Marxist leaders who promise the poor that they will tax the rich and give the money to the poor become rich and they enslave the middle class.
Mao was rich
Castro was rich
Stalin was rich
Hugo Chavez was rich
Bernie Sanders is rich
AOC is rich
Hillary is rich
Pelosi is rich........

 

[WorldWatcher]

So answer the question already.

The rich should pay more in taxes than the workers they may employ because _______________.

The rich should pay more in taxes than the workers they may employ because the rich make more.

Let's assume a flat 20% tax rate just for discussion.

Worker: Salary equal to $50,000, therefore taxes would be $10,000.

Rich: Salary equal to $5,000,000 therefore taxes would be $1,000,000.
.
.
.
.
The rich person paid more in taxes because they make more.

WW

 

[Care4all]

So answer the question already.

The rich should pay more in taxes than the workers they may employ because _______________.

Edit to add a bonus question. "What is the purpose of a (any) business?"

The rich benefit and make all of their profit and gains off of our labor gain.

The rich utilize our international banking systems and the safety net built around them (through our labor) and we have ant FTC, FCC, the Treasury, and other agencies to protect mostly them, the rich utilize our airports on a near daily basis where many Americans have never been on one, we have an FAA to protect them....

the rich use many services and benefit greatly from many financial protections the government provides....there is a price to maintain that.....

ARE you paid when hired, BEFORE you work your first week...? Nope!.....you produce the labor, then are paid....

They pay more in taxes because they earn more in profit off of our labor than we do.

The rich pay the exact same rate as everyone at the level of money earned.

They pay no more taxes on their first $100,000 earned as I would on my $100,000 earned, and no more taxes on $250,000 taxable income as my $250k earned.... If we don't pay any taxes on the first $12000 we earn, the rich also don't pay any taxes on the first $12000 they earn too.

We tax them the same rate as everyone else for income in that range...

 

[WorldWatcher]

Everyone thinks of "Federal Income Taxes" in threads like these.

The real question isn't "who pays more taxes?". The real question is "what is the overall effective tax burden as a percentage of income?"

Why is this question important, because it examines not how much a person pays in taxes as a dollar amount, which is misleading because different people make different amounts of dollars. It asks the question based on "burden", but not just Federal Income Tax burden, but total burden. As individuals move up the "wealth" ladder, they gain access to increased resources where small percentages of income HAVE to be used for basic consumables (basic shelter, food, clothing, etc.) and more resources become available for both "investment" increasing wealth even further or "luxuaries". One such "resource" is the ability to generate "capital gains" income at "tax rates" significantly lower then the "income rate" - now don't lock in on this one thing. It's an example of the sympton, not the cause.

When looking at total tax burden as a function of income:

• All income has to be counted (Taxable Income, Capital Gains Income, Interest, Dividents, Investments, etc.)
• Published Federal Tax Rate (Gross)
• Effective Federal Tax Rate (After dedeuctions, credits, loopholes, etc.)
• Published and Effective State Tax rates
• Property Tax (Land)
• Property Tax (Non-land)
• Sales Tax
• Embedded Taxes (local, state, federal)

Embedded taxes are those taxes, as a function of business, that become party of the cost equation for determing final sale price. There are two types of embedded taxes:

• INDIRECT: These are taxes that the business paid as part of bringing a product to market. Business taxes, employer portion of FICA, workers compensation, import taxes (tarriffs) on materials and goods needed, etc.
• DIRECT: Local, State, Federal - taxes places on a good or service paid directly by the consumer as part of the transaction. For example, an additional "resturarnt tax" or "tourist tax". Then of course the example of Federal Fuel taxes which is $0.185 cents per gallon with an additional $0.001 cents (that isn't a typo) for Leaking Underground Storage Tank (LUST).

Any discussion based on "who pays more dollars", misses the point. The real question (IMHO) should be an examination of who is impacted the most by overal tax burdon - not in dollars - but as a function of overall taxes compared to overall income (i.e. percentage).

WW