What happens when we tax the rich.

[Woodznutz]

Money is taken from people that produce goods, services, and employment and is given to people who don't.

 

[Mack The Finger]

Didn't you hear...the rich do not pay taxes...in fact they get GOV $$$ sent to them weekly just for being alive.

 

[Zincwarrior]

Money is taken from people that produce goods, services, and employment and is given to people who don't.

Who knows? We have never done it.

 

[JGalt]

Money is taken from people that produce goods, services, and employment and is given to people who don't.

So then those people that produce goods, services, and employment raise their prices, outsource their business to foreign countries, or go out of business.

Apparently the left struggles with simple concepts like this.

 

[Woodznutz]

Who knows? We have never done it.

The rich pay 40 percent of the taxes now.

 

[Rambunctious]

We do tax the rich but allow for tax breaks or write offs for investments and business costs like creating jobs...
I'll tell you what taxing the rich won't do and that is bring down the deficit or the debt.... you can tax them @ 90% and the debt. will remain the same....
Libs think if we tax the rich more their income.... or SS payments or welfare handouts will go up... they won't...
In fact they will have to pay more for everything they buy...

 

[Woodznutz]

So then those people that produce goods, services, and employment raise their prices, outsource their business to foreign countries, or go out of business.

Apparently the left struggles with simple concepts like this.

Most of the economy is unnecessary 'make work' just to keep people busy. Do we really need deodorants for our vehicles?

 

[there4eyeM]

What "rich" people are not presently taxed, one way or another?
The childishly ridiculous idea that taxing the rich would pay down the national debt and/or alleviate other taxation has so basis in math. A reasonable management of the total "wealth pie" is something that we could discuss, and it is clear that too much of that pie is immobilized by too few participants. Taxes may not be the term to use. A little intelligence on the part of those "too few participants" would lead them to learn from history, stay ahead of the curve, and just, simply, share. They would still remain tremendously wealthy while also maintaining their health.

 

[pknopp]

Money is taken from people that produce goods, services, and employment and is given to people who don't.

https://www.yahoo.com/finance/news/worst-jobs-market-looked-outside-102816823.html

 

[Woodznutz]

We do tax the rich but allow for tax breaks or write offs for investments and business costs like creating jobs...
I'll tell you what taxing the rich won't do and that is bring down the deficit or the debt.... you can tax them @ 90% and the debt. will remain the same....
Libs think if we tax the rich more their income.... or SS payments or welfare handouts will go up... they won't...
In fact they will have to pay more for everything they buy...

The biggest misconception is that the rich have lots of money. They have lots of things that have high dollar value but not much 'ready cash'. Their money is either invested in their business, the markets, or interest-bearing instruments. One can have a high net worth but little money.

 

[Zincwarrior]

The rich pay 40 percent of the taxes now.

Bullshit. Plus they own 99% of the wealth.

 

[Woodznutz]

What "rich" people are not presently taxed, one way or another?
The childishly ridiculous idea that taxing the rich would pay down the national debt and/or alleviate other taxation has so basis in math. A reasonable management of the total "wealth pie" is something that we could discuss, and it is clear that too much of that pie is immobilized by too few participants. Taxes may not be the term to use. A little intelligence on the part of those "too few participants" would lead them to learn from history, stay ahead of the curve, and just, simply, share. They would still remain tremendously wealthy while also maintaining their health.

The way the rich share their wealth is through employment. Employees are actually junior partners in the business. Sadly, too many think they are victims of the company.

 

[pknopp]

The biggest misconception is that the rich have lots of money. The have lots of things that have high dollar value but not much 'ready cash'. Their money is either invested in their business, the markets, or interest-bearing instruments. One can have a high net worth but little money.

Especially when you feel you don't have to pay taxes.

IRS claims Senator Justice owes $8 million in back taxes - WV MetroNews

The liens were filed by the IRS Oct. 2 with the Greenbrier County Clerk.

wvmetronews.com

 

[Rambunctious]

Bullshit. Plus they own 99% of the wealth.

You need to do some research...

 

[Moonglow]

Money is taken from people that produce goods, services, and employment and is given to people who don't.

Untrue. Moar people work than do not work. The system is set up to give huge tax breaks to the wealthy.

 

[22lcidw]

Who knows? We have never done it.

Progressives' views on taxes and socialism means that all must exist on their potential or best. That is not reality in their enforcement.

 

[Dekster]

Money is taken from people that produce goods, services, and employment and is given to people who don't.

Very quaint idea that simply isn't true anymore. there aren't a lot of large sole owner companies. The investor class largely invests for profits. They don't produce anything. They have no production vision and will gladly move from one company to another if the money is better.

 

[Moonglow]

So then those people that produce goods, services, and employment raise their prices, outsource their business to foreign countries, or go out of business.

Apparently the left struggles with simple concepts like this.

Like they did the last forty years, which is why the US is a service-based nation, with the service sector making up about 70-80% of the country's GDP and employing the vast majority of its workforce. This shift from a manufacturing-based economy occurred as technology and globalization led to the offshoring of manufacturing jobs, while service industries like healthcare, finance, and professional services grew significantly.

 

[Blaster]

The middle class always feels the pain and the rich have tax shelters.

 

[Woodznutz]

Untrue. Moar people work than do not work. The system is set up to give huge tax breaks to the wealthy.

Many small business owners don't pay taxes either. They invest profits into growing their business and pay themselves so little that they pay little or no income taxes.