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

[there4eyeM]

No, but the profits of an industry should be distributed more equitably with those who create them.

If there is a flat tax to share the burdens of society and government, there should be a flat profit in return.

 

[GavanPeacefan]

/----/ Why? They generate jobs and tax revenue up and down the pipeline. Economics 101

the economy is (A) way to steep a mountain and (B) has impenetrable glass balconies installed like Chinese agriculture hills have plateaus.

 

[GavanPeacefan]

No, but the profits of an industry should be distributed more equitably with those who create them.

... with all in society.
because it's safe to assume the vast majority will, when indoctrinated properly, work to escape any basic income, which should also be allowed.

 

[Lisa558]

the economy is (A) way to steep a mountain and (B) has impenetrable glass balconies installed like Chinese agriculture hills have plateaus.

Anyone with the intelligence, motivation, and discipline can move from abject poverty to the upper-middle class.

Who says you have to get to the 1% to enjoy a comfortable life?

 

[Cellblock2429]

the economy is (A) way to steep a mountain and (B) has impenetrable glass balconies installed like Chinese agriculture hills have plateaus.

/-----/ That's ridiculous. You can't back that up.

 

[Cellblock2429]

No, but the profits of an industry should be distributed more equitably with those who create them.

/----/ They are in the manner of salaries, bonuses, and dividends.

 

[rightwinger]

... with all in society.
because it's safe to assume the vast majority will, when indoctrinated properly, work to escape any basic income, which should also be allowed.

That career ladder is not what it used to be.

Used to be an unskilled menial worker could earn enough to support a family. Now they need government assistance

 

[rightwinger]

/----/ They are in the manner of salaries, bonuses, and dividends.

Only for top workers
The percentage of profit that is distributed to workers has dropped significantly while executive pay has skyrocketed

 

[OODA_Loop]

Used to be an unskilled menial worker could earn enough to support a family. Now they need government assistance

Just as you want it to be.

 

[Mr Natural]

Back in the Glory Days of the’50s, the wealthy faced a 90% tax bracket.

Meanwhile, Mom got to stay home and take care of the house and kids while Dad went off to his well paying union job and took care of all of the bills.

 

[dblack]

No, but the profits of an industry should be distributed more equitably with those who create them.

In other words, the government wants a bigger cut.

 

[rightwinger]

In other words, the government wants a bigger cut.

In other words, Government needs to stop protecting big business at the expense of the workers

 

[dblack]

In other words, Government needs to stop protecting big business at the expense of the workers

LOL - of course, of course. My verbiage was off.

 

[Cellblock2429]

Only for top workers
The percentage of profit that is distributed to workers has dropped significantly while executive pay has skyrocketed

/----/ Thanks for sharing your feelings.

 

[GavanPeacefan]

/-----/ That's ridiculous. You can't back that up.

(A) the "market" for superyachts and Ferraris and mansions with 12 bedrooms.
(B) i'm under a medically, parentally (panicking moms are very powerful persuasion, even for me) arranged financial protective custody contract. that means : checking my balance only at ATMs outside (500 yard walk), online backlog accounting from the 90s, no investing of any kind, no paypal account with which to monetize my websites (see signature), etc.
others are held under entirely differently constructed 'glass balconies'. usually just as oppressive for the ones sheltering under them. rocky cold grounds with only scraps thrown down from the balconies above.

 

[Cellblock2429]

(A) the "market" for superyachts and Ferraris and mansions with 12 bedrooms.
(B) i'm under a medically, parentally (panicking moms are very powerful persuasion, even for me) arranged financial protective custody contract. that means : checking my balance only at ATMs outside (500 yard walk), online backlog accounting from the 90s, no investing of any kind, no paypal account with which to monetize my websites (see signature), etc.
others are held under entirely differently constructed 'glass balconies'. usually just as oppressive for the ones sheltering under them. rocky cold grounds with only scraps thrown down from the balconies above.

/---/ I'm sorry for your troubles. And I wish you well.
Some facts:
How Buying a Yacht Affects the economy
The purchase of a yacht can have a significant impact on the economy in several ways:
Increased Demand for Services: The yacht industry drives demand for marinas, boat storage facilities, and maintenance services, contributing to local economies.

Economic Growth: The boating industry has a trickle-down effect, benefiting various industries, including equipment and accessory manufacturers, insurance companies, and marine construction companies.

Job Creation: The demand for new and used boats has led to increased production and sales, benefiting manufacturers and dealers.

Economic Impact: The boating industry has a significant economic impact on the U.S. economy, contributing to growth and creating job opportunities.

Overall, the yacht industry plays a crucial role in the economy, providing jobs, stimulating local economies, and contributing to the overall growth of the boating sector.

 

[skews13]

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.

• Lower Effective Tax Rate: Buffett has stated publicly that his own effective tax rate (the percentage of his income paid in taxes) is lower than that of his secretary, Debbie Bosanek. This disparity is a central point in his argument, highlighting a flaw in the system where income from capital gains (which benefits the wealthy) is taxed at a lower rate than ordinary wages (which make up the majority of middle-class income).
• • No Deterrent to Investment: He has dismissed arguments that higher taxes on the rich would hurt investment or job creation, noting that job creation was much higher in earlier decades when top tax rates were significantly higher.

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.

Even a majority of the richest people disagree with you view.

The richest people don't earn "wages'. They make their money on capital gains, which is taxed at a lower rate than "wages".

Therefore the "wages" that you earn is taxed at a higher rate than those who pay taxes at a lower rate on capital gains.

So using your argument, those morbidly rich trust fund babies should be paying the same rate on their capital gains as "wage" earners do that work for a living.

Now go demand those lower taxed capital gains payers start paying the exact same rate as those that are taxed on their "wages".

Thanks for playing.

 

[rightwinger]

Now go demand those lower taxed capital gains payers start paying the exact same rate as those that are taxed on their "wages".

 

[GavanPeacefan]

/---/ I'm sorry for your troubles. And I wish you well.
Some facts:
How Buying a Yacht Affects the economy
The purchase of a yacht can have a significant impact on the economy in several ways:
Increased Demand for Services: The yacht industry drives demand for marinas, boat storage facilities, and maintenance services, contributing to local economies.

Economic Growth: The boating industry has a trickle-down effect, benefiting various industries, including equipment and accessory manufacturers, insurance companies, and marine construction companies.

Job Creation: The demand for new and used boats has led to increased production and sales, benefiting manufacturers and dealers.

Economic Impact: The boating industry has a significant economic impact on the U.S. economy, contributing to growth and creating job opportunities.

Overall, the yacht industry plays a crucial role in the economy, providing jobs, stimulating local economies, and contributing to the overall growth of the boating sector.

it's still too steep, creating mostly servant jobs...
but i'll yield to this in principle excellent piece of motivation.

 

[Cellblock2429]

it's still too steep, creating mostly servant jobs...
but i'll yield to this in principle excellent piece of motivation.

/-----/ Servant jobs? The average annual salary for boat builders in the U.S. is around $63,087, with a range from $41,676 to $89,429.