Why we have to redistribute income through taxes

This country really needs churches where "conservative" working class people can go to worship the multibillionaires and giant corporations instead of God. Donations (free stuff), tax deductible of course.
 
Last edited:
I don't get the whole idea of making an idol out of Constitution. It was created to improve people lives, not to be an excuse for making people suffer. Also, it was designed amendable for this very reason -- so we can improve it.

The thing is that so many people doubt their own intelligence, and for a good reason -- and they hope that with the Constitution they won't have to use their brains.

Wow, another intellectual in the mix. The United States Constitution was created as a contract between the federal government and the soverign states. It was not created to improve people's lives, in fact it has little to do with people's lives. It was made amendable by the entities that created it, the soverign states, and not by anyone else.

The Supreme Court is part of the federal government, and allowing the Supreme Court to amend the Constitution is like allowing your mortgage company to modify your mortgage at their convenience. A contract, that is not adhered to by the contracting parties, is a worthless piece of paper, and a joke. In the case of the Constitution, the joke is on us.

A free people need the rule of law to be supreme. The alternative is the rule of man, and that means the man in charge, and freedom is fleeting in that environment.


The Articles of Confederation was a firm league of friendship between the states but the Constitution was not a contract between the states and the national government. The Constitution was created by the people for the people's benefit.

The Articles of Confederation, formally the Articles of Confederation and Perpetual Union, was an agreement among the 13 founding states that established the United States of America as a confederation of sovereign states and served as its first constitution. Its drafting by the Continental Congress began in mid-1776, and an approved version was sent to the states for ratification in late 1777. The formal ratification by all 13 states was completed in early 1781

Articles of Confederation - Wikipedia, the free encyclopedia



The Constitution of the United States is the supreme law of the United States of America


The Constitution of the United States is the supreme law of the United States of America. The Constitution, originally comprising seven articles, delineates the national frame of government. Its first three articles entrench the doctrine of the separation of powers, whereby the federal government is divided into three branches: the legislative, consisting of the bicameral Congress; the executive, consisting of the President; and the judicial, consisting of the Supreme Court and other federal courts. Articles Four, Five and Six entrench concepts of federalism, describing the rights and responsibilities of state governments and of the states in relationship to the federal government. Article Seven establishes the procedure subsequently used by the thirteen States to ratify it.


United States Constitution - Wikipedia, the free encyclopedia
 
The income/wealth that is produced is earned by somebody. That is, someone is taking an investment risk. Why would anyone think that they are entitled to a distribution if they do nothing to earn it? This is essentially what you are saying. Someone advocating redistribution or rallying against income/wealth disparity is really asking for a handout - something for nothing.



The person originating this thread has no clue about economics.

You apparently have been conditioned by right-wing propagandists to believe redistribution means taking money from you and handing it to some "welfare queen." Right?



What you need to understand is one of the ways FDR raised the Nation out of the Great Depression is by imposing a 91% progressive tax rate -- which affected mainly the rich who were living like royalty while most Americans wallowed in abject poverty. He used that money to implement the WPA and CCC (make work) programs which enabled millions of unemployed Americans (including my father) to earn and spend money, which revitalized the economy and gave rise to the most productive and prosperous years in our history -- the 40s through the 80s.



Then came Ronald Reagan and "Trickle Down," which really means Siphon Up economics, the ultimate effect of which is seen in the rise of the One Percent, which is in fact a financial aristocracy whose influence in Washington has all but destroyed the middle class and has transformed America.



If Obama were not a puppet of Wall Street and the banking industry he would, among other viable measures, impose a confiscatory tax on the rich and implement a make-work program devoted to rebuilding our badly decayed infrastructure. Such a program would not be "handing over" money to any category. It would put Americans back to work and make America a much better place.



Unfortunately there will be no hope for constructive redistribution until we get rid of Obama and manage to elect a President with a socialist orientation. And if that word frightens you it's because you've been conditioned to think the kind of laissez-faire capitalism we're seeing today is the way to go.



It obviously is not.


You do not even understand what you are talking about. You are merely regurgitating ideological tripe.

There is a fundamental misunderstanding about what should be expected of income earners and wealth creators. Both Obama and Chief Running Bull, aka Elizabeth Warren, like to perpetuate this fallacy that business owes its wealth to the people because tax money built the roads and provided other infrastructure. What they intentionally omit is that half of Americans do not pay federal income taxes, or state income taxes. They get a 100% refund of the income taxes they pay, and many receive money they did not earn in the form of tax credits (e.g., EIC). Since the wealth creators pay the disproportionate amount of the income taxes and generate the great bulk of federal revenue, it is pretty damn accurate to say that THEY are the ones that built the roads and infrastructure. Big business did not build the road? Bullshit. They sure as he'll did.

If you want a redistribution, they why not ***** about all the wasteful spending and lay claim to that money instead of asking income earners and wealth creators to pay more?

In addition, how is taking more money from these income earners going to help you? Will be it earmarked for handouts to you? No. It will go into the general fund to be spent according to how the politicians determine best. Do you really want to give Washington MORE money to piss away? I think that what you really want is to punish these people. That, if true, represents a pretty low-rent morality.

Next, how much is their "fair share"? Any amount is going to be arbitrary. Do you really want our laws to be based upon arbitrary decisions and judgment?

Finally, it is striking that you think that you are entitled to a redistribution. "Redistribution" means that there will be a "distribution". Why are you entitled to a distribution of wealth that was earned by someone else? The idea is absurd. If you want jobs, then put your effort into pushing a policy that will foster job creation. Extracting money from business via the tax code does nothing to create jobs, unless you a talking about creating a bunch of jobs created for the reason of employing people. This is also ridiculous.

Your ideology is misplaced in a capitalist, free market economy. You are arguing points that are not relevant here. You are wasting your time. Unless your goal is to destroy or replace capitalism, then your time would be better spent on promoting free trade, a robust economy, and prosperity. The need for jobs will follow. As the need for labor increases, then wages will increase. Our system does not provide for distribution to groups who offer nothing of value in exchange. Thus, socialist arguments are irrelevant.




Sent from my iPad using USMessageBoard.com
 
What a dope. Lets explain it to you like this. There is 10 dollars. The way things work properly is the rich get 4 dollars, the middle class gets 4 and the poor get 2. Right now the rich get 80 and we're stuck with the crumbs.

Now how is it you say your policies will put more money into the middle class? This I got to hear.
I just proved to you that progressive economic policies CAN'T work. You can't make any demands until you acknowledge that basic fact.

The rich pay their fair share of taxes. They pay YOUR fair share of taxes, too.

The rich aren't paying their fair share. And **** what's fair. What works is what matters. Fair is what a little ***** would say. If you are rich and crying about what's fair, then you are a greedy little ***** and don't understand you have a responsibility to pay your fair share. Progressive tax system is what we have in America. And if you are not rich, which I suspect you aren't, then you are what we call a house slave. Stupid ****.

Roll Back the Reagan Tax Cuts | Common Dreams

"**** what's fair."

And

"you have a responsibility to pay your fair share."

All in the same post.

Fun.
 
Failed to serve the interests of what people? BTW, what in the hell does productivity have to do with median family income?

Increases in productivity are a product of increased investment, increased innovation, new technology, invention, and/or doing things smarter. Why is that so difficult for you left wingers to comprehend?




Conservatives simplistic minds

If you are rich it is because of your merits. If you are poor its because of your faults.





The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.

John Kenneth Galbraith
The modern liberal is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for covetousness.

daveman


You keep insisting that you deserve what you haven't earned...but you never rationally explain why.



BECAUSE THOSE 'JOB CREATORS' DIDN'T CREATE THEIR WEALTH IN A BUBBLE, IT WAS BECAUSE OF THE BLOOD, SWEAT AND MANY DEATHS OF MANY THAT CAME BEFORE THEM. WE CREATED A SOCIETY WITH RULES AND LAWS TO HELP THEM BUILD THAT MONEY. IF THEY DON'T WANT TO SHARE IT, GET THE **** OUT OF THE UNITED STATES OF AMERICA!



The US corporate business model has changed: It used to be based on sharing profits with workers to incentivize them and generate loyalty. Now, the model has shifted to rewarding not workers, but shareholders and upper management.. So, as corporate profits soar, the rich get richer and workers are told they are lucky to even have a job so stop whining about income disparity.


Big Money, it doesnÂ’t matter whether it is from the Left or the Right, is drowning The PeopleÂ’s Voice out of our Representative Democracy, plain and simple

It seems that only those on the Left are concerned about this. Why?
Do we cherish the idea of Democracy more than those on the Right?


How is it that so many on the Right, who practically worship the Founders of this, cannot see that this conflux of consolidated wealth and influence is EXACTLY what the Founders fought against?



History has proven through the centuries that the type of wealth/power consolidation we are seeing is rarely a good thing.
 
I just proved to you that progressive economic policies CAN'T work. You can't make any demands until you acknowledge that basic fact.

The rich pay their fair share of taxes. They pay YOUR fair share of taxes, too.

The rich aren't paying their fair share. And **** what's fair. What works is what matters. Fair is what a little ***** would say. If you are rich and crying about what's fair, then you are a greedy little ***** and don't understand you have a responsibility to pay your fair share. Progressive tax system is what we have in America. And if you are not rich, which I suspect you aren't, then you are what we call a house slave. Stupid ****.

Roll Back the Reagan Tax Cuts | Common Dreams

"**** what's fair."

And

"you have a responsibility to pay your fair share."

All in the same post.

Fun.

Corporate Taxes as a Percentage of Federal Revenue

1955 . . . 27.3%
2010 . . . 8.9%

Corporate Taxes as a Percentage of GDP

1955 . . . 4.3%
2010 . . . 1.3%

Individual Income/Payrolls as a Percentage of Federal Revenue

1955 . . . 58.0%
2010 . . . 81.5%

Corporate Profits Are At An All-Time High

'corporate profits are at an all-time high as a percentage of the economy, wages are at an all-time low.'

'Last year, corporations made a record $824 billion, which didnÂ’t stop conservatives from continually claiming that President Obama is anti-business.'
Corporate Profits Are At An All-Time High | ThinkProgress

The fortunate 400

400 tax returns reporting the highest incomes in 2009.

Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each.
another 110 families paid 15 percent or less in federal income taxes.
The fortunate 400: David Cay Johnston | Reuters

The 400 richest Americans used to pay 30% of their income on the average to Uncle Sam(but 55% in 1955).
 
If countries protecting the industries that are vital to their economies didn't work every other country in the world EXCEPT the USA wouldn't be doing it but they are because it does work. American companies didn't want to protect industries that are vital to our economy because they wanted to ruin the economy. Renig on pensions, ship jobs overseas, lower wages, break unions.

Clearly NOT protecting vital industies in your country doesn't work unless you are the corporation and then you clean the **** up. Are you a worker or a rich guy? If you aren't rich, shut the **** up stupid.

Ok, don't like tariffs? Then just don't allow those companies to ship in products that are vital to your economy. Problem solved.

Democratic fallacy.
Rabbi Rules!

Other countries do it as part of crony capitalism. It doesnt work. It makes their own citizens poorer and does nothing for the competitiveness or health of domestic industries.

Sure they do pal. Fact is, the corporate American media lies to you and Americans quality of life is going down while the rest of the world is going up. They are investing in their infrastructure and their people, we are not.

America rules...at crony capitalism. Rabbi sucks.
You dont get it.
Protecting industries at the expense of your consumers IS crony capitalism. Other countries engage in it much more than we do.
Quality of life is not going down. Maybe your's is because you sit around all day angry at people who have more than you do. But for most people it's better.
Your attempt to generalize over every other country is pathetic.
 
Conservatives simplistic minds

If you are rich it is because of your merits. If you are poor its because of your faults.





The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.

John Kenneth Galbraith
The modern liberal is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for covetousness.

daveman


You keep insisting that you deserve what you haven't earned...but you never rationally explain why.



BECAUSE THOSE 'JOB CREATORS' DIDN'T CREATE THEIR WEALTH IN A BUBBLE, IT WAS BECAUSE OF THE BLOOD, SWEAT AND MANY DEATHS OF MANY THAT CAME BEFORE THEM. WE CREATED A SOCIETY WITH RULES AND LAWS TO HELP THEM BUILD THAT MONEY. IF THEY DON'T WANT TO SHARE IT, GET THE **** OUT OF THE UNITED STATES OF AMERICA!



The US corporate business model has changed: It used to be based on sharing profits with workers to incentivize them and generate loyalty. Now, the model has shifted to rewarding not workers, but shareholders and upper management.. So, as corporate profits soar, the rich get richer and workers are told they are lucky to even have a job so stop whining about income disparity.


Big Money, it doesnÂ’t matter whether it is from the Left or the Right, is drowning The PeopleÂ’s Voice out of our Representative Democracy, plain and simple

It seems that only those on the Left are concerned about this. Why?
Do we cherish the idea of Democracy more than those on the Right?


How is it that so many on the Right, who practically worship the Founders of this, cannot see that this conflux of consolidated wealth and influence is EXACTLY what the Founders fought against?



History has proven through the centuries that the type of wealth/power consolidation we are seeing is rarely a good thing.
History has proven conclusively that what you want is NEVER a good thing.

You wept bitterly when the Berlin Wall fell, didn't you?
 
The rich aren't paying their fair share. And **** what's fair. What works is what matters. Fair is what a little ***** would say. If you are rich and crying about what's fair, then you are a greedy little ***** and don't understand you have a responsibility to pay your fair share. Progressive tax system is what we have in America. And if you are not rich, which I suspect you aren't, then you are what we call a house slave. Stupid ****.

Roll Back the Reagan Tax Cuts | Common Dreams

"**** what's fair."

And

"you have a responsibility to pay your fair share."

All in the same post.

Fun.

Corporate Taxes as a Percentage of Federal Revenue

1955 . . . 27.3%
2010 . . . 8.9%

Corporate Taxes as a Percentage of GDP

1955 . . . 4.3%
2010 . . . 1.3%

Individual Income/Payrolls as a Percentage of Federal Revenue

1955 . . . 58.0%
2010 . . . 81.5%

Corporate Profits Are At An All-Time High

'corporate profits are at an all-time high as a percentage of the economy, wages are at an all-time low.'

'Last year, corporations made a record $824 billion, which didnÂ’t stop conservatives from continually claiming that President Obama is anti-business.'
Corporate Profits Are At An All-Time High | ThinkProgress

The fortunate 400

400 tax returns reporting the highest incomes in 2009.

Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each.
another 110 families paid 15 percent or less in federal income taxes.
The fortunate 400: David Cay Johnston | Reuters

The 400 richest Americans used to pay 30% of their income on the average to Uncle Sam(but 55% in 1955).

the democrats controlled congress for most of that time, why did they let that happen?
 
The rich aren't paying their fair share. And **** what's fair. What works is what matters. Fair is what a little ***** would say. If you are rich and crying about what's fair, then you are a greedy little ***** and don't understand you have a responsibility to pay your fair share. Progressive tax system is what we have in America. And if you are not rich, which I suspect you aren't, then you are what we call a house slave. Stupid ****.

Roll Back the Reagan Tax Cuts | Common Dreams

"**** what's fair."

And

"you have a responsibility to pay your fair share."

All in the same post.

Fun.

Corporate Taxes as a Percentage of Federal Revenue

1955 . . . 27.3%
2010 . . . 8.9%

Corporate Taxes as a Percentage of GDP

1955 . . . 4.3%
2010 . . . 1.3%

Individual Income/Payrolls as a Percentage of Federal Revenue

1955 . . . 58.0%
2010 . . . 81.5%

Corporate Profits Are At An All-Time High

'corporate profits are at an all-time high as a percentage of the economy, wages are at an all-time low.'

'Last year, corporations made a record $824 billion, which didnÂ’t stop conservatives from continually claiming that President Obama is anti-business.'
Corporate Profits Are At An All-Time High | ThinkProgress

The fortunate 400

400 tax returns reporting the highest incomes in 2009.

Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each.
another 110 families paid 15 percent or less in federal income taxes.
The fortunate 400: David Cay Johnston | Reuters

The 400 richest Americans used to pay 30% of their income on the average to Uncle Sam(but 55% in 1955).

The rich are paying the vast bulk of income taxes, so what are you whining about? Any tax on corporate income is a tax on economic growth. Only a fool endorses eating the seed corn, and that's what corporate income taxes do.
 
Daveman, what is it with these geniuses? Their knowledge of economics, much less history, is so awful they write the stupidest things. It's like they're talking about some other country than the one I grew up in the 1960s/70s where Jimmy Carter gave us full employment, low inflation and a strong domestic industry while Ronald Reagan decimated the working class and handed money over to the rich. The opposite of course is what happened.
Their prescriptions are even worse. One asshole here who ludicrously claimed he had a business degree said the solution was price controls. When I pointed out importers of raw materials from abroad would go bankrupt his response was, no they wouldn't since they were located here and subject to the same controls as anyone else. WTF? Where do they teach this stuff?
WHo really believes that millions of people working in factories is a good thing? Who thinks that an America that doesnt import anything is stronger? The ignorance is so thick it is impenetrable.
 
The income/wealth that is produced is earned by somebody. That is, someone is taking an investment risk. Why would anyone think that they are entitled to a distribution if they do nothing to earn it? This is essentially what you are saying. Someone advocating redistribution or rallying against income/wealth disparity is really asking for a handout - something for nothing.



The person originating this thread has no clue about economics.

You apparently have been conditioned by right-wing propagandists to believe redistribution means taking money from you and handing it to some "welfare queen." Right?



What you need to understand is one of the ways FDR raised the Nation out of the Great Depression is by imposing a 91% progressive tax rate -- which affected mainly the rich who were living like royalty while most Americans wallowed in abject poverty. He used that money to implement the WPA and CCC (make work) programs which enabled millions of unemployed Americans (including my father) to earn and spend money, which revitalized the economy and gave rise to the most productive and prosperous years in our history -- the 40s through the 80s.



Then came Ronald Reagan and "Trickle Down," which really means Siphon Up economics, the ultimate effect of which is seen in the rise of the One Percent, which is in fact a financial aristocracy whose influence in Washington has all but destroyed the middle class and has transformed America.



If Obama were not a puppet of Wall Street and the banking industry he would, among other viable measures, impose a confiscatory tax on the rich and implement a make-work program devoted to rebuilding our badly decayed infrastructure. Such a program would not be "handing over" money to any category. It would put Americans back to work and make America a much better place.



Unfortunately there will be no hope for constructive redistribution until we get rid of Obama and manage to elect a President with a socialist orientation. And if that word frightens you it's because you've been conditioned to think the kind of laissez-faire capitalism we're seeing today is the way to go.



It obviously is not.


You do not even understand what you are talking about. You are merely regurgitating ideological tripe.

There is a fundamental misunderstanding about what should be expected of income earners and wealth creators. Both Obama and Chief Running Bull, aka Elizabeth Warren, like to perpetuate this fallacy that business owes its wealth to the people because tax money built the roads and provided other infrastructure. What they intentionally omit is that half of Americans do not pay federal income taxes, or state income taxes. They get a 100% refund of the income taxes they pay, and many receive money they did not earn in the form of tax credits (e.g., EIC). Since the wealth creators pay the disproportionate amount of the income taxes and generate the great bulk of federal revenue, it is pretty damn accurate to say that THEY are the ones that built the roads and infrastructure. Big business did not build the road? Bullshit. They sure as he'll did.

If you want a redistribution, they why not ***** about all the wasteful spending and lay claim to that money instead of asking income earners and wealth creators to pay more?

In addition, how is taking more money from these income earners going to help you? Will be it earmarked for handouts to you? No. It will go into the general fund to be spent according to how the politicians determine best. Do you really want to give Washington MORE money to piss away? I think that what you really want is to punish these people. That, if true, represents a pretty low-rent morality.

Next, how much is their "fair share"? Any amount is going to be arbitrary. Do you really want our laws to be based upon arbitrary decisions and judgment?

Finally, it is striking that you think that you are entitled to a redistribution. "Redistribution" means that there will be a "distribution". Why are you entitled to a distribution of wealth that was earned by someone else? The idea is absurd. If you want jobs, then put your effort into pushing a policy that will foster job creation. Extracting money from business via the tax code does nothing to create jobs, unless you a talking about creating a bunch of jobs created for the reason of employing people. This is also ridiculous.

Your ideology is misplaced in a capitalist, free market economy. You are arguing points that are not relevant here. You are wasting your time. Unless your goal is to destroy or replace capitalism, then your time would be better spent on promoting free trade, a robust economy, and prosperity. The need for jobs will follow. As the need for labor increases, then wages will increase. Our system does not provide for distribution to groups who offer nothing of value in exchange. Thus, socialist arguments are irrelevant.




Sent from my iPad using USMessageBoard.com

Five myths about the 47 percent


1. Forty-seven percent of Americans don’t pay taxes.

The most pernicious misconception about people who don’t pay federal income taxes is that they don’t pay any taxes. That oft-heard claim ignores all the other taxes Americans encounter in their daily lives. Almost two-thirds of the 47 percent work, for example, and their payroll taxes help finance Social Security and Medicare. Accounting for this, the share of households paying no net federal taxes falls to 28 percent.

And those aren’t the only other taxes they bear. According to economic research, the corporate income tax discourages domestic investment; that depresses wages, so workers are effectively paying some of the corporate tax. More directly, many households pay federal taxes on gasoline, beer and cigarettes. And then there are state and local sales, property and income taxes — all of which are often less progressive than the federal income tax. Putting all these together, a family of three with an income of $30,000 would owe no federal income tax (in fact, they would get money back). But they could easily pay more than $4,500, or 15 percent of their income, in taxes.

2. Members of the 47 percent will never pay federal income taxes.

Politicians and commentators often talk about those who don’t pay income taxes as though they’re in a special club with lifetime membership. In fact, it’s a highly diverse group, some of whom move in and out from year to year.

When they first join the workforce, for example, young people may not earn enough to pay federal income taxes. The same is true for many of the temporarily unemployed, working parents and entrepreneurs whose businesses experience a loss. But most of these people look forward to the day, perhaps in just a year or two, when their incomes will rise and they will join or rejoin the 53 percent of Americans who do pay federal income taxes.


The reverse is true for many senior citizens: They may pay no federal income tax in retirement, but most did during their working years.

3. Many high-income people game the system to pay no income tax.

Five myths about the 47 percent - The Washington Post




Yes, 47% of Households Owe No Taxes. Look Closer.


The answer is that tax rates almost certainly have to rise more on the affluent than on other groups. Over the last 30 years, rates have fallen more for the wealthy, and especially the very wealthy, than for any other group. At the same time, their incomes have soared, and the incomes of most workers have grown only moderately faster than inflation.

So a much greater share of income is now concentrated at the top of distribution, while each dollar there is taxed less than it once was.

Even if the discussion is restricted to federal taxes (for which the statistics are better), a vast majority of households end up paying federal taxes. Congressional Budget Office data suggests that, at most, about 10 percent of all households pay no net federal taxes. The number 10 is obviously a lot smaller than 47.

http://www.nytimes.com/2010/04/14/business/economy/14leonhardt.html?_r=0

INCOME TAXES ARE 42% OF FEDERAL REVENUES


Poor Americans Pay Double The State, Local Tax Rates Of Top One Percent

THOSE LUCKY DUCKIES!


Poor Americans Pay Double The State, Local Tax Rates Of Top One Percent




Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise. Whenever there is in any country, uncultivated lands and unemployed poor, it is clear that the laws of property have been so far extended as to violate natural right. The earth is given as a common stock for man to labor and live on."

--Thomas Jefferson
 
Last edited:
"**** what's fair."

And

"you have a responsibility to pay your fair share."

All in the same post.

Fun.

Corporate Taxes as a Percentage of Federal Revenue

1955 . . . 27.3%
2010 . . . 8.9%

Corporate Taxes as a Percentage of GDP

1955 . . . 4.3%
2010 . . . 1.3%

Individual Income/Payrolls as a Percentage of Federal Revenue

1955 . . . 58.0%
2010 . . . 81.5%

Corporate Profits Are At An All-Time High

'corporate profits are at an all-time high as a percentage of the economy, wages are at an all-time low.'

'Last year, corporations made a record $824 billion, which didnÂ’t stop conservatives from continually claiming that President Obama is anti-business.'
Corporate Profits Are At An All-Time High | ThinkProgress

The fortunate 400

400 tax returns reporting the highest incomes in 2009.

Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each.
another 110 families paid 15 percent or less in federal income taxes.
The fortunate 400: David Cay Johnston | Reuters

The 400 richest Americans used to pay 30% of their income on the average to Uncle Sam(but 55% in 1955).

the democrats controlled congress for most of that time, why did they let that happen?

They were too busy giving special breaks to their cronies to notice.
 
Your interpretation of the Constitution is flawed. And even if it wasn't, then it would mean the Constitutions had failed to serve the interests of the people and should have been amended.

Failed to serve the interests of what people? BTW, what in the hell does productivity have to do with median family income?

Increases in productivity are a product of increased investment, increased innovation, new technology, invention, and/or doing things smarter. Why is that so difficult for you left wingers to comprehend?




Conservatives simplistic minds

If you are rich it is because of your merits. If you are poor its because of your faults.





The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.

John Kenneth Galbraith

How did you determine that someone else is entitled to the money the rich earned?
 
"**** what's fair."

And

"you have a responsibility to pay your fair share."

All in the same post.

Fun.

Corporate Taxes as a Percentage of Federal Revenue

1955 . . . 27.3%
2010 . . . 8.9%

Corporate Taxes as a Percentage of GDP

1955 . . . 4.3%
2010 . . . 1.3%

Individual Income/Payrolls as a Percentage of Federal Revenue

1955 . . . 58.0%
2010 . . . 81.5%

Corporate Profits Are At An All-Time High

'corporate profits are at an all-time high as a percentage of the economy, wages are at an all-time low.'

'Last year, corporations made a record $824 billion, which didn’t stop conservatives from continually claiming that President Obama is anti-business.'
Corporate Profits Are At An All-Time High | ThinkProgress

The fortunate 400

400 tax returns reporting the highest incomes in 2009.

Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each.
another 110 families paid 15 percent or less in federal income taxes.
The fortunate 400: David Cay Johnston | Reuters

The 400 richest Americans used to pay 30% of their income on the average to Uncle Sam(but 55% in 1955).

The rich are paying the vast bulk of income taxes, so what are you whining about? Any tax on corporate income is a tax on economic growth. Only a fool endorses eating the seed corn, and that's what corporate income taxes do.



Weird, you mean that income tax that is near post WW2 lows of share of federal revenues, 42%?


Even if the discussion is restricted to federal taxes (for which the statistics are better), a vast majority of households end up paying federal taxes. Congressional Budget Office data suggests that, at most, about 10 percent of all households pay no net federal taxes. The number 10 is obviously a lot smaller than 47.


http://www.nytimes.com/2010/04/14/business/economy/14leonhardt.html?_r=0

Corp taxes are bad? I guess that's why they off shored almost $2 trillion and had record profits and paid the lowest tax burden in 40 years. Poor guys.

I know the GOP is trying to suck them off to bring it back by enacting ANOTHER tax holiday like Dubya gave them right? How'd that work out again? Oh right, they brought the money back then laid off employees!
 
15th post
Failed to serve the interests of what people? BTW, what in the hell does productivity have to do with median family income?

Increases in productivity are a product of increased investment, increased innovation, new technology, invention, and/or doing things smarter. Why is that so difficult for you left wingers to comprehend?




Conservatives simplistic minds

If you are rich it is because of your merits. If you are poor its because of your faults.





The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.

John Kenneth Galbraith

How did you determine that someone else is entitled to the money the rich earned?

DID THEY 'EARN IT' IN A BUBBLE? Or did they do it BECAUSE of the UNITED STATES OF AMERICA and OUR laws?


Why Thomas Jefferson Favored Profit Sharing
By David Cay Johnston

The founders, despite decades of rancorous disagreements about almost every other aspect of their grand experiment, agreed that America would survive and thrive only if there was widespread ownership of land and businesses.

George Washington, nine months before his inauguration as the first president, predicted that America "will be the most favorable country of any kind in the world for persons of industry and frugality, possessed of moderate capital, to inhabit." And, he continued, "it will not be less advantageous to the happiness of the lowest class of people, because of the equal distribution of property."

The second president, John Adams, feared "monopolies of land" would destroy the nation and that a business aristocracy born of inequality would manipulate voters, creating "a system of subordination to all... The capricious will of one or a very few" dominating the rest. Unless constrained, Adams wrote, "the rich and the proud" would wield economic and political power that "will destroy all the equality and liberty, with the consent and acclamations of the people themselves."

James Madison, the Constitution's main author, described inequality as an evil, saying government should prevent "an immoderate, and especially unmerited, accumulation of riches." He favored "the silent operation of laws which, without violating the rights of property, reduce extreme wealth towards a state of mediocrity, and raise extreme indigents towards a state of comfort."


Alexander Hamilton, who championed manufacturing and banking as the first Treasury secretary, also argued for widespread ownership of assets, warning in 1782 that, "whenever a discretionary power is lodged in any set of men over the property of their neighbors, they will abuse it."

Late in life, Adams, pessimistic about whether the republic would endure, wrote that the goal of the democratic government was not to help the wealthy and powerful but to achieve "the greatest happiness for the greatest number."



http://www.newsweek.com/2014/02/07/why-thomas-jefferson-favored-profit-sharing-245454.html
 
Democratic fallacy.
Rabbi Rules!

Other countries do it as part of crony capitalism. It doesnt work. It makes their own citizens poorer and does nothing for the competitiveness or health of domestic industries.

Sure they do pal. Fact is, the corporate American media lies to you and Americans quality of life is going down while the rest of the world is going up. They are investing in their infrastructure and their people, we are not.

America rules...at crony capitalism. Rabbi sucks.
You dont get it.
Protecting industries at the expense of your consumers IS crony capitalism. Other countries engage in it much more than we do.
Quality of life is not going down. Maybe your's is because you sit around all day angry at people who have more than you do. But for most people it's better.
Your attempt to generalize over every other country is pathetic.

**** the consumers. They didn't mind paying taxes when they had jobs, homes, cares, savings. Now that daddy doesn't have a pension anymore and healthcare is expensive, don't expect to live the American dream like he did. He had/has a pension, ss, medicare, savings. He was making over 10% on his investments. What are people making now 1%? Gotta have stock market money.

Listen, I don't even know where to start with you four monkeys. I remember all 4 of you from 2 years ago. You're all a bunch of douch bag right wing idiots. How much do you make that you feel things are better in republicans hands? **** tea baggers and libertarians.

I don't know where you live but we here in Michigan saw what liberal democracies produced. And we see what republicans have brought in. Sure our fathers thought Reagan was swell but he was the beginning of the end.

Want to cut the debt? Then ask the rich and corporations to pay more. You guys say we don't know our history, but we do. And we know your revionist history is bullshit.

Fact is, you guys have NEVER admitted Bush sucked and the Tom Delay run government for 6 years is what put us in this mess. It's so obvious yet you just ignore it. So the four of you can go **** yourselves.

Facts: We were doing fine, until Bush. We had a surplus. All the sacrifices have been on the poor and middle class. The rich are doing fabulously. Started 2 wars, Haloburton got rich. Sent jobs overseas, deregulated, changed bankruptsy laws, turned blind eye to hiring illegals (tyson chicken). I could go on and on but you four aren't worth it. 2 years later, same old bullshit.
 
Daveman, what is it with these geniuses? Their knowledge of economics, much less history, is so awful they write the stupidest things. It's like they're talking about some other country than the one I grew up in the 1960s/70s where Jimmy Carter gave us full employment, low inflation and a strong domestic industry while Ronald Reagan decimated the working class and handed money over to the rich. The opposite of course is what happened.
Their prescriptions are even worse. One asshole here who ludicrously claimed he had a business degree said the solution was price controls. When I pointed out importers of raw materials from abroad would go bankrupt his response was, no they wouldn't since they were located here and subject to the same controls as anyone else. WTF? Where do they teach this stuff?
WHo really believes that millions of people working in factories is a good thing? Who thinks that an America that doesnt import anything is stronger? The ignorance is so thick it is impenetrable.

Keep up right wing distortions and lies

Weird in Carters 4 years their were 9+ million jobs created yet Reagan only had 14 million in 8? Can you do the math?

Bureau of Labor Statistics Data


Third World countries. One of the things they all had in common was a small, very rich elite, small middle class, and a large lower class. They also shared very low economic growth as a result. This has been known for at least 50 years. The US has been going in this direction for at least the last 30 years as we have gradually de-industrialized and government policies (such as trickle down economics) have promoted the shift of wealth from the lower and middle classes to the economic elite
 
BECAUSE THOSE 'JOB CREATORS' DIDN'T CREATE THEIR WEALTH IN A BUBBLE, IT WAS BECAUSE OF THE BLOOD, SWEAT AND MANY DEATHS OF MANY THAT CAME BEFORE THEM. WE CREATED A SOCIETY WITH RULES AND LAWS TO HELP THEM BUILD THAT MONEY. IF THEY DON'T WANT TO SHARE IT, GET THE **** OUT OF THE UNITED STATES OF

You cannot be serious. Nobody can be this ******* dense. The American corporate model is about sharing the wealth with the employees? We have a market economy. Workers sell their time, labor and skills in consideration of compensation being paid. That is it. Corporate business has never been about taking care if employees and sharing wealth. Frankly, that misguided idea is servitude. Do you not see that?

Maybe this seems cold to you, but it is not. I would much rather be free to work where I please than be in reliance upon my corporate nanny taking care of me.

I am sure you do not remember, but once we had something called mill villages in this country. The worker would move into a shitty little mill house given to him and his family. He was given food. He was paid a shitty little wage. He was totally dependent upon the mill. This is servitude. I would much rather develop and market my skills to those who pay me the most.

Now, maybe you do not have the stomach for this. So be it. You can live a miserable life on handouts if that is what you choose.

Honestly, you are not worth talking to. You have hare brained notions about what America should be and are apparently ignorant of how a market economy works. I pity you.





Sent from my iPhone using USMessageBoard.com
 

New Topics

Back
Top Bottom