World's 85 richest earn more than 3.5 billion poorest: UN

[ScienceRocks]

The simple but elusive answer remains:

Fair and simple tax codes.

Fair and simple PROGRESSIVE tax codes.

We ALREADY have the world's most progressive tax code according to the OECD. How much is enough?

But a new study on inequality by researchers at the Organization for Economic Cooperation and Development (OECD) in Paris reveals that when it comes to household taxes (income taxes and employee social security contributions) the U.S. "has the most progressive tax system and collects the largest share of taxes from the richest 10% of the population." As Column 1 in the table below shows, the U.S. tax system is far more progressive—meaning pro-poor—than similar systems in countries most Americans identify with high taxes, such as France and Sweden.​

We don't have a tax revenue problem we have a spending problem and we have too many poor and dumb people that we need to support and we keep letting more and more of them into the country via our wide-open Southern Border.

So kill off nasa, nws, epa, cdc, fda, and our public educational system is what you're saying? Next you'd kill infrastructure funding, science and investment. You sound like you're rooting for the collapse of this country.

At the very least you're rooting for a small super rich and big poor to be the model of our society.

 

[LordBrownTrout]

Wealth is power, you know this, more wealth in fewer hands should worry anyone who does not want to live in a police state. We can already see it forming while conservatives think they can suck up to them and get better treatment, the fools.

And how is wealth power....you can buy governments.

What does the left want....more government so the rich have more to buy to make themselves richer.

The left believes all power, political, economic and spiritual should be held accountable for it's actions. When powerful people cannot be held accountable, such as our financial industry, it is an affront to our ideals of living in a free society.

No they don't. They're fully engulfed in corruption.

 

[ScienceRocks]

At least throw the assholes in prison.

 

[Dad2three]

wow---gotta link for that one ?

You don't read much history huh?

Throughout history, monarchies have been abolished, either through revolutions, legislative reforms, coups d'état, or wars. The founding of the Roman Republic is a noteworthy example. The twentieth century saw a major acceleration of this process, with many monarchies violently overthrown by revolution or war, or else abolished as part of the process of de-colonisation.



Anti-monarchism in the United States developed out of the gradual process of revolution that began as early as 1765, as colonists resisted the Stamp Act through boycott and the expulsion and condemnation of royal officials. With the Declaration of Independence in 1776, the most violent wave of anti-monarchial protest began, with the systematic destruction of the relics and symbols of monarchy. Examples can be found in the toppling of the equestrian statue of George III on Bowling green in New York City. Monarchic loyalists were particularly affected, with hundreds of thousands exiled to Canada and the East Indies. Their property was immediately turned over to the State. Thomas Paine, the famous author of the revolutionary pamphlet "Common Sense," extolled the colonists to finance the revolutionary war through this means. Even today, very few artifacts depicting the British monarchy from the colonial period can be found in the United States.


Abolished monarchy - Wikipedia, the free encyclopedia


The Founding Fathers favored a merit based republic and took down an aristocracy the conservatives are trying to take US back to!

I am sure you can site conservatives saying we want an aristocracy.

Spare me the linkage you'll try to make.

Either you have the quotes to back you bullshit or you don't.

Nope, just your policies that reward ONLY the top 1% the last 30+ years. Honesty try it


Neo-Liberalism/Conservatives is/has destroyed the American Economy in favor of the so called "Job Creator"... In reality are "Job Exporters"...


80% of the population owns 5% of the wealth.

Who Rules America: Wealth, Income, and Power

The middle class has been eviscerated


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, 'free trade', etc) have promoted the shift of wealth from the lower and middle classes to the economic elite

 

[Rikurzhen]

So kill off nasa, nws, epa, cdc, fda, and our public educational system is what you're saying? Next you'd kill infrastructure funding, science and investment. You sound like you're rooting for the collapse of this country.

At the very least you're rooting for a small super rich and big poor to be the model of our society.

Our spending problem is not that we're too generous with funding operations of government, it's entirely rooted in too much redistribution - taking wealth from some people and transferring it to others.

We live in a country which has one of the highest standards of living and this comes with a commensurate high cost of living. We have too many, and we keep importing more, people who can't produce enough economic value to live in this country. That's the problem, not that we fund public health research and monitoring via the Centers for Disease Control.

 

[NoTeaPartyPleez]

Oh the 85 .... Oh the 1%... LMAO...

Get off your ass libs. You know what I'm saying?

How about pride felt from doing the best you can for the pay your skills dictate?

What kind of weak man measures his success relative to the success of others?

If you think about it, it's kind of ridiculous thinking. I firmly believe it comes down to your resolve. Perhaps more in this country should take a few minutes to check themselves. A person on entitlements, vs that who works for say minimum wage, have a different opinion on what a desperate situation is. When a man is desperate he will either work whatever it takes to make the cut, or will accept government assistance, or maybe as a last result, turn to crime.

The difference here is- liberals, when desperate, turn to entitlements. All others start washing dishes.

-Geaux

You just don't get it, Goo. This has flown over your head so fast I'm sure your hair hasn't settled back down yet.

 

[Rikurzhen]

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, 'free trade', etc) have promoted the shift of wealth from the lower and middle classes to the economic elite

What a startling coincidence. The US is moving to a Third World standard at the very time that it adopted the policy of importing 10s of millions of people from the Third World. Imagine that.

The people who made the Third World what it is are now helping the US migrate to Third World standards by moving to the US.

 

[Dad2three]

The simple but elusive answer remains:

Fair and simple tax codes.

Fair and simple PROGRESSIVE tax codes.

We ALREADY have the world's most progressive tax code according to the OECD. How much is enough?

But a new study on inequality by researchers at the Organization for Economic Cooperation and Development (OECD) in Paris reveals that when it comes to household taxes (income taxes and employee social security contributions) the U.S. "has the most progressive tax system and collects the largest share of taxes from the richest 10% of the population." As Column 1 in the table below shows, the U.S. tax system is far more progressive—meaning pro-poor—than similar systems in countries most Americans identify with high taxes, such as France and Sweden.​

We don't have a tax revenue problem we have a spending problem and we have too many poor and dumb people that we need to support and we keep letting more and more of them into the country via our wide-open Southern Border.

A LIE. I'm SHOCKED

WHY TOP 10%? OH RIGHT, TO DISTORT THE TRUTH



As for the richest one or two percentiles of earners, we come in at practically the same place: 53rd-highest. Reminder: The fiscal-cliff tax hike kicks in about $100,000 above this level.

But these numbers might understate how low taxes have been in the U.S. Unlike most advanced economies, the U.S. don't supplement personal income taxes with a national sales tax, or value-added tax (VAT). Consumption taxes accounted for about a fifth of total U.S. revenue in 2008 (mostly at the state and local level) compared to an OECD average of 32 percent. In other words, the U.S. relies uniquely on personal tax rates to raise revenue -- and we have relatively low personal tax rates.

The best way to answer the question "Are U.S. taxes high or low compared to other countries?" is to look at taxes as a share of the economy. Here's how the U.S. stacks up to other OECD countries in a graph from the Tax Policy Center. (We're at the bottom of the stack, 25 percent below the average.)

HERE:

'
The graph at the top of this article comes from a KPMG report excavated by Henry Blodget. It shows personal tax rates on $100,000 around the world. The U.S. comes in at 55th out of 114.


How Low Are U.S. Taxes Compared to Other Countries? - Derek Thompson - The Atlantic

 

[Dad2three]

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, 'free trade', etc) have promoted the shift of wealth from the lower and middle classes to the economic elite

What a startling coincidence. The US is moving to a Third World standard at the very time that it adopted the policy of importing 10s of millions of people from the Third World. Imagine that.

The people who made the Third World what it is are now helping the US migrate to Third World standards by moving to the US.

Yes, WHO benefits from that and WHOSE policy supported it? Hint NAFTA was a Heritage Foundation idea that Ronnie Reagan gave US the day he ran for Prez in 1979. 60% of Dems in Congress voted against EVERY 'free trade' agreement!

 

[Rikurzhen]

Fair and simple PROGRESSIVE tax codes.

A LIE. I'm SHOCKED

Quit moving the goal posts. The claim made was that we needed a more progressive tax code. Your word salad completely ignores the claim made and my response.

Your tactic is like barging into a debate on gun violence and ranting about peanut allergies.

 

[ScienceRocks]

Our foreign policy should come with a afford to get other nations to raise a minimum wage. It is the right thing to do!

 

[percysunshine]

The UN couldn't keep track of Kofi Annan's secret Iraqi oil bank balance. Why should we trust their numbers on this one?

.

 

[Rikurzhen]

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, 'free trade', etc) have promoted the shift of wealth from the lower and middle classes to the economic elite

What a startling coincidence. The US is moving to a Third World standard at the very time that it adopted the policy of importing 10s of millions of people from the Third World. Imagine that.

The people who made the Third World what it is are now helping the US migrate to Third World standards by moving to the US.

Yes, WHO benefits from that and WHOSE policy supported it? Hint NAFTA was a Heritage Foundation idea that Ronnie Reagan gave US the day he ran for Prez in 1979. 60% of Dems in Congress voted against EVERY 'free trade' agreement!

Dude, it was liberals back in the 1960s who decided that they hated the idea of America being a 85% white and 15% black nation and wanted to import millions of Third World people into the nation. Of course we're going to migrate towards Third World customs because it is the people of a nation which create the character of the nation.

Do wealthy people benefit from importing millions of Third World people into the US? Of course they do. They can isolate themselves into enclaves and never experience the glorious joy of multiculturalism that they inflict on the rest of us.

Let's get things straight, OK. Liberals injected the cancer and rich people are benefiting from it.

 

[Dad2three]

So kill off nasa, nws, epa, cdc, fda, and our public educational system is what you're saying? Next you'd kill infrastructure funding, science and investment. You sound like you're rooting for the collapse of this country.

At the very least you're rooting for a small super rich and big poor to be the model of our society.

Our spending problem is not that we're too generous with funding operations of government, it's entirely rooted in too much redistribution - taking wealth from some people and transferring it to others.

We live in a country which has one of the highest standards of living and this comes with a commensurate high cost of living. We have too many, and we keep importing more, people who can't produce enough economic value to live in this country. That's the problem, not that we fund public health research and monitoring via the Centers for Disease Control.

YEAH, THAT'S WHAT IT IS

 

[Dad2three]

What a startling coincidence. The US is moving to a Third World standard at the very time that it adopted the policy of importing 10s of millions of people from the Third World. Imagine that.

The people who made the Third World what it is are now helping the US migrate to Third World standards by moving to the US.

Yes, WHO benefits from that and WHOSE policy supported it? Hint NAFTA was a Heritage Foundation idea that Ronnie Reagan gave US the day he ran for Prez in 1979. 60% of Dems in Congress voted against EVERY 'free trade' agreement!

Dude, it was liberals back in the 1960s who decided that they hated the idea of America being a 85% white and 15% black nation and wanted to import millions of Third World people into the nation. Of course we're going to migrate towards Third World customs because it is the people of a nation which create the character of the nation.

Do wealthy people benefit from importing millions of Third World people into the US? Of course they do. They can isolate themselves into enclaves and never experience the glorious joy of multiculturalism that they inflict on the rest of us.

Let's get things straight, OK. Liberals injected the cancer and rich people are benefiting from it.

Right, YOU are an ignorant TOOL!

 

[CrusaderFrank]

Conservatives look to elevate the poor

Liberals want to kill the rich

It won't end well.

 

[Dad2three]

Fair and simple PROGRESSIVE tax codes.

A LIE. I'm SHOCKED

Quit moving the goal posts. The claim made was that we needed a more progressive tax code. Your word salad completely ignores the claim made and my response.

Your tactic is like barging into a debate on gun violence and ranting about peanut allergies.

WE DO

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory


The conclusion?

Lowering the tax rates on the wealthy and top earners in America do not appear to have any impact on the nation’s economic growth.

This paragraph from the report says it all—

“The reduction in the top tax rates appears to be uncorrelated with saving, investment and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.”

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory-GOP Suppresses Study - Forbes


As measured by IRS data, the share of income accruing to the top 0.1% of U.S. families increased from 4.2% in 1945 to 12.3% by 2007 before falling to 9.2% due to the 2007-2009 recession. At the same time, the average tax rate paid by the top 0.1% fell from over 50% in 1945 to about 25% in 2009


Congressional Research Service Report On Tax Cuts For Wealthy Suppressed By GOP (UPDATE)

 

[Dad2three]

Fair and simple PROGRESSIVE tax codes.

A LIE. I'm SHOCKED

Quit moving the goal posts. The claim made was that we needed a more progressive tax code. Your word salad completely ignores the claim made and my response.

Your tactic is like barging into a debate on gun violence and ranting about peanut allergies.

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


Total U.S. taxes are barely progressive, as shown in this table and chart from Citizens for Tax Justice. The bottom 99 percent pays a 27.5 percent total tax rate on average, while the top 1 percent pays an average 29 percent tax rate, according to 2011 data from Citizens for Tax Justice.


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

The share of total taxes paid by each income group is similar to that group’s share of total income.

• The share of total taxes paid by the richest one percent (21.6 percent) is almost identical to that group’s share of total income (21.0 percent).

• The total effective tax rate for the richest one percent (29.0 percent) is only about four percentage points higher than the total effective tax rate for the middle fifth of taxpayers (25.2 percent).

Who Pays Taxes in America? | CTJReports

 

[ScienceRocks]

Conservatives look to elevate the poor

Liberals want to kill the rich

It won't end well.

We see how your ideas work in the third world and countries in central America. The rich take it all and **** over the poor. The minimum wage is a safe guard for most of the population.

 

[CrusaderFrank]

The way I look at it, you should see who is #1 and emulate them