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should high-income earners get taxed more than everyone else? (pg. 6)
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| srussell0018 |
| quote: | Originally posted by Vivid Boy
quoted for truth |
The point, at least in the US, is that like 90% of the highest earners make the bulk of their money through capital gains, which are taxed a lot LESS than normal people. So they're making more money and being taxed less. |
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| Halcyon+On+On |
| Is that, like, sports betting? |
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| srussell0018 |
| Oops :p There was an office pool going around today about who the batter was when Jackie Robinson stole home against the Yankees in the World Series, so I had sports on my mind. |
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| Nrg2Nfinit |
| quote: | Originally posted by Joss Weatherby
Percentage wise he did not though. That is the problem. Any way you cut it, as a percentage he came out with more money. His total tax burden is therefor less than that of a huge chunk of people making far less actual dollars.
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a dollar is still a dollar. At an equal percentage, he is still paying more dollars, now by increasing the percentage he will pay even more on a multiplicative level.
130 medium income earners he is covering for! But i'll digress from this point, as higher marginal rates i'm in agreement with to a reasonable degree.
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Capital gains is bull. It is rarely reinvested and it is often the sole source of income for a lot of these high earners and they just horde it away, never doing anything with it, and then passing it on to their children who will most likely do nothing or do the same thing that their parents did, either way not contributing to the greater economy. |
that is the biggest crock of , are you going to park your money in high interest savings at 1.25% interest annually if you are hoarding money? or are you going to reinvest it. I'll tell you right now if someone has a ton of cash, they are going to re-invest it. Hence why lower capital gains tax encourages investment and re-investment.
when inflation is higher than what you can get by hoarding your cash in savings, you would be silly to not re-invest it. |
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| Nrg2Nfinit |
| quote: | Originally posted by srussell0018
The point, at least in the US, is that like 90% of the highest earners make the bulk of their money through capital gains, which are taxed a lot LESS than normal people. So they're making more money and being taxed less. |
So that tells you that more people should invest their money and pay less taxes.
This isn't rocket science LOL. |
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| Nrg2Nfinit |
| quote: | Originally posted by clay
the elite will always find ways to avoid getting ripped off by their stupid governement while working class will always suffer. those in the middle dont care and focus on having a nice life. |
alot of the "elite" are/were actually working class people who were smart with their money. |
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| zGoogleman |
| quote: | Originally posted by Halcyon+On+On
No Yes, the wealthier should be taxed at a substantially higher rate because they are the ones who most benefit from the vast infrastructure made almost solely possible by the provisions of taxation in the first place.
It is true that some bust their ass and make their own wealth (far more than others), and so deserve to reap their earnings. But at the same time, not a single person did it completely on their own, whether they would like to recognize this fact, themselves. |
Go figure. A government employee thinking someone's money is theirs. Parasite. |
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| Lews |
| quote: | Originally posted by Nrg2Nfinit
alot of the "elite" are/were actually working class people who were smart with their money. |
The original elite were, yes; the problem is when you get families just holding on to ridiculous amounts of wealth forever.
| quote: | Originally posted by Nrg2Nfinit
So that tells you that more people should invest their money and pay less taxes.
This isn't rocket science LOL. |
Please, you know that most people can't afford to invest anywhere near enough for it to make a difference.
| quote: | Originally posted by Nrg2Nfinit
a dollar is still a dollar. At an equal percentage, he is still paying more dollars, now by increasing the percentage he will pay even more on a multiplicative level. |
So? |
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| zGoogleman |
| quote: | Originally posted by Lews
The original elite were, yes; the problem is when you get families just holding on to ridiculous amounts of wealth forever.
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So what do you suggest to do with those families?
Obviously they are going to always be ahead of the "game" cause of their fortune.
What do you do with the corporations that are not original but are run into the ground? Like GM, JPM? Since they are cultural icons, should they be saved even if they are horribly wrong to keep supporting? |
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| Joss Weatherby |
Why work when you are taxed more? Because you do it to benefit society (specifically your society) as a whole.
The internet has really put a dent in the ideal of national superiority and pride in moving ones people forward. I think that this is why we have seen a rise in fiscal conservatism that will be the undoing of a great number of nations that had it right for so long. |
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| zGoogleman |
| quote: | Originally posted by Lews
Please, you know that most people can't afford to invest anywhere near enough for it to make a difference.
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Most people can't afford to invest cause they have to keep supporting people like Halcyon and welfare types.
Maybe this society should focus on how to reduce the cost of living? One of the major costs is government "support". |
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