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

[alang1216]

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

Change My Mind.

Except we don't pay the same. Our tax laws are skewed to the rich. Warren Buffet once said that he pays less taxes than his secretary. She paid the standard income tax, say 25%, while he paid mostly capital gains tax, say 15%.

There is no such thing as a fair amount of tax since percentages vs absolute numbers give very different pictures. What seems fair to me would be everyone paying the same percentage of their income in taxes. Right now the poor pay at a much higher rate since most taxes, like gas tax, are not progressive.

 

[Meathead]

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...

Show 'em! Quit your job (if you have one) and sponge off the state for the rest of your life (if you're not already). Then you can stop bitching about the injustice of being exploited by the rich who will have to support you and your spawn.

 

[Care4all]

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........

They got rich off of labor...not a factory they bought, or supplies they bought, or bricks made for the factory, and the building of the factory they bought...labor touches everything and money...capital produces nothing....without labor, money means nothing without labor. Labor is the ALPHA, the beginning to

Their gains come from paying laborers less than what the labor cost them to make a product including the cost for the product materials....all of their profit and wealth comes from laborers producing more than what you pay them to make.

Read the link!

 

[Care4all]

Show 'em! Quit your job (if you have one) and sponge off the state for the rest of your life (if you're not already). Then you can stop bitching about the injustice of being exploited by the rich who will have to support you and your spawn.

How did money, come in to creation?

 

[Meathead]

How did money, come in to creation?

Mostly through precious and semi-precious metals. Fare easier to carry and establish value than totting agricultural products and buckskins around.

Not sure why that's important here.

 

[Hafar1014]

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.

The 1% that controls all the wealth is the government

 

[Hafar1014]

How did money, come in to creation?

Capital replaced bartering because it allows capital flexibility

 

[Grumblenuts]

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

There's obviously no simple answer. It's subjective and depends on particulars. In a republic such as ours, citizens must hope their elected representatives can decide such things democratically in each case.

For example, should there be an income cap on paying into Social Security?

Should We Eliminate the Social Security Tax Cap?

There have been a number of proposals to increase, eliminate, or otherwise adjust the payroll tax cap as a way to shore up Social Security’s finances.

www.pgpf.org

 

[Hafar1014]

There's obviously no simple answer. It's subjective and depends on particulars. In a republic such as ours, citizens must hope their elected representatives can decide such things democratically in each case.

For example, should there be an income cap on paying into Social Security?

Should We Eliminate the Social Security Tax Cap?

There have been a number of proposals to increase, eliminate, or otherwise adjust the payroll tax cap as a way to shore up Social Security’s finances.

www.pgpf.org

We should end SS its ponzi, will always go broke, taxes too much and pays too little. It actually makes us poor.

 

[Care4all]

Mostly through precious and semi-precious metals. Fare easier to carry and establish value than totting agricultural products and buckskins around.

Not sure why that's important here.

We began with bartering....my labor will build your house and your labor farming will feed me, kind of thing.

Money emerged gradually to overcome the difficulties in barter...(first there was a transition to commodities... like cattle, or salt...)

Coins were not created for the first time until the 7th century BCE.

IT ALL BEGAN with labor....and for thousands of years, we lived without money exchanging hands....

money creates nothing without labor.

Laborers are more important than the cash holders and should be given deference, a lower or no tax rate, not the other way around...

Buffet should not pay a lower rate in taxes than his secretary....

 

[Lisa558]

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?"

I can answer the second question:

The purpose of a business is to provide gains for its stockholders, if public, or an income for its owner, if private, by providing a needed service or product.

 

[Hafar1014]

We began with bartering....my labor will build your house and your labor farming will feed me, kind of thing.

Money emerged gradually to overcome the difficulties in barter...(first there was a transition to commodities... like cattle, or salt...

Coins were not created for the first time until the 7th century BCE.

IT ALL BEGAN with labor....and for thousands of years, we lived without money exchanging hands....

money creates nothing without labor.

Laborers are more important than the cash holders and should be given deference, a lower or no tax rate, not the other way around...

Buffet should not pay a lower rate in taxes than his secretary....

Labor was a horse and plow or a donkey. Today its AI and a machine. Labor only produces work. Its the person with the idea who starts business that makes every thing happen.

 

[Lisa558]

Except we don't pay the same. Our tax laws are skewed to the rich. Warren Buffet once said that he pays less taxes than his secretary. She paid the standard income tax, say 25%, while he paid mostly capital gains tax, say 15%.

There is no such thing as a fair amount of tax since percentages vs absolute numbers give very different pictures. What seems fair to me would be everyone paying the same percentage of their income in taxes. Right now the poor pay at a much higher rate since most taxes, like gas tax, are not progressive.

Warren Buffet never said he pays less taxes than his Secretary. He said he pays a lower tax RATE.

For example, Buffet could pay at the 5% effective rate, paying $450 million.

The secretsry could pay at the 12% effective rate, paying $8,000.

 

[Lisa558]

Labor was a horse and plow or a donkey. Today it’s AI and a machine. Labor only produces work. It’s the person with the idea who starts business that makes every thing happen.

….who is also a person who was willing to take a big risk to start a business. And was motivated to do so.

 

[Moonglow]

The wealthy and self-employed can access tax deductions worth 99 billion...

 

[sparky]

Seems a tax rates that provokes a robust economic structure w/out insane disparity may be the answer.......
~S~

 

[Care4all]

Labor was a horse and plow or a donkey. Today its AI and a machine. Labor only produces work. Its the person with the idea who starts business that makes every thing happen.

A laborer created and programmed A/I, and a laborer made the system they run on. And a laborer created and made the components of the system needed to build it, as well.

The world can run without money, we did so for thousands of years...but not the laborers.

 

[Moonglow]

….who is also a person who was willing to take a big risk to start a business. And was motivated to do so.

My income, being self-employed, was much higher than the ones I employed, and I had a great refund check from the tax deductions and credits.

 

[alang1216]

Warren Buffet never said he pays less taxes than his Secretary. He said he pays a lower tax RATE.

For example, Buffet could pay at the 5% effective rate, paying $450 million.

The secretsry could pay at the 12% effective rate, paying $8,000.

Thanks for the clarification but the point is still valid.

 

[Hafar1014]

A laborer created and programmed A/I, and a laborer made the system they run on. And a laborer created and made the components of the system needed to build it, as well.

The world can run without money, we did so for thousands of years...but not the laborers.

AI was created by a business owner not a laborer. Economics is not your strong point.