Why we should tax the rich more.

To clarify. What I mean as rich is the top 2 percent of this country.
Anyone here qualify (I think that means over 200,000 per year for a single person).

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Originally Posted by Cleetus

"Class warfare" now there is anbother great Republican talking point that means absolutly nothing except for pissing people off even more.

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But it is class warfare. Else, this topic would never come up. It's the "poor" vs the "rich".

The "poor" get pissed because they don't have the nice things the "rich" have. So you (politicians) attempt to divide the country into classes to get votes. "I will help the working class....blah blah blah".

I work, so am I part of the "working class"? Or because my wife and I make good money, I may be considered part of the evil "rich"?

In most Asian countries they follow Tax Slabs, which is (in my opinion) the best way. Or find some Oil and never pay tax again, like us. :D

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Originally Posted by TechZ

In most Asian countries they follow Tax Slabs, which is (in my opinion) the best way. Or find some Oil and never pay tax again, like us. :D

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What's a Tax Slab?

I am divided on this. On the one hand, someone who has worked hard to get rich deserves every penny they have, and doesn't deserve to have to pay huge amounts of taxes.

On the other hand, someone who inherited billions of dollars and has done nothing ever since but spend it on caviar and hookers... do they deserve to even live, much less keep their money?

On the third hand, if you work hard to get rich, don't you have the right to leave it to your kids?

Not sure what to make of this one.

The problem is that wealthy people would rather spend 50 grand on accountants and lawyers to figure out a way to avoid paying 30 grand in taxes. Avoiding tax is like a sport to these people and there are plenty of loopholes for them to exploit.

I don't have a problem with rich people that pay their taxes, but I do have a problem with rich people that eat family meals and write it off as a business expense or write off their entire vacation as a business expense because they made one business phone call, or have 17 houses that are all owned and paid for by their businesses and are written off as business expenses.

Lets cut welfare.

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Originally Posted by nunob

Lets cut welfare.

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I think we did that a year or two back and the poor aren't any poorer than they were before the cuts, so I'd say it was a success. There's also a huge amount of people living in earned income type apartments where they pay something like 50 bucks a month for rent. We need to scale that stuff way back too, or put a limit on how long you can live in one of those places. Too much money is being wasted in this country.

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Originally Posted by imaeditedbysowulo

I think we did that a year or two back and the poor aren't any poorer than they were before the cuts, so I'd say it was a success. There's also a huge amount of people living in earned income type apartments where they pay something like 50 bucks a month for rent. We need to scale that stuff way back too, or put a limit on how long you can live in one of those places. Too much money is being wasted in this country.

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And how about cutting the soon to be enacted 170 billion dollar tax breaks for businesses?

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Originally Posted by techs

And how about cutting the soon to be enacted 170 billion dollar tax breaks for businesses?

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I'm for that cut, especially if there are special tax benefits given to people who purchase big SUV's that get 10 miles to the gallon.

I don't give a darn if people want to drive those big ugly things, but they should pay for the gas from their own pocket, my tax dollars should not be filling up CEO's toy cars.

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Originally Posted by paraflyer

Kill the income tax, and go to a consumption-based tax.

That way the rich would be hit every time they buy 12 limosines, and you wouldn't get hit as much when you invest in that new Honda Accord (or whatever your preference).

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AMEN.

Top 2% will creep to the top 20%.
That is anyone making better than 50K.

I find it interesting that my wife can't get any significant assistance to go "back to school"
We are apparently making too much money, yet I'm not in a limo, top 2%, or taking the big vacations. We're getting by, don't get me wrong, but if I would divorce my wife, and put her in that "Single Parent-Head of Household" category, she would qualify. Seems the system is geared to the impoverished as it is. Afew threads up the point was made...you have to Want and WORK for wealth.
Some folks chase $, others chase happiness in a different way.

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Originally Posted by jstut

I find it interesting that my wife can't get any significant assistance to go "back to school"
We are apparently making too much money, yet I'm not in a limo, top 2%, or taking the big vacations. We're getting by, don't get me wrong, but if I would divorce my wife, and put her in that "Single Parent-Head of Household" category, she would qualify. Seems the system is geared to the impoverished as it is. Afew threads up the point was made...you have to Want and WORK for wealth.
Some folks chase $, others chase happiness in a different way.

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Lightning striketh inside my head...

How bout a tax break for married people where the amount of tax is lessened with each additional year you are married. How sweet would that be? Maybe once you are married for 50 years you pay no tax at all.

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Originally Posted by imaeditedbysowulo

I think we did that a year or two back and the poor aren't any poorer than they were before the cuts, so I'd say it was a success. There's also a huge amount of people living in earned income type apartments where they pay something like 50 bucks a month for rent. We need to scale that stuff way back too, or put a limit on how long you can live in one of those places. Too much money is being wasted in this country.

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You're a world class idiot.

I do volunteer work for a poverty advocacy group and a food bank, so you can take my words as biased if you need to, but take them as words that come from someone who actually knows the situation of the poor as well.

You have NO idea what you are talking about here. You have clearly never seen the poor up close and therefore have no idea what their lives are actually like.

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Originally Posted by Wayward Clam

You're a world class idiot.

I do volunteer work for a poverty advocacy group and a food bank, so you can take my words as biased if you need to, but take them as words that come from someone who actually knows the situation of the poor as well.

You have NO idea what you are talking about here. You have clearly never seen the poor up close and therefore have no idea what their lives are actually like.

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You are the idiot, but thanks for your observation. I live in the ghetto and have for the last 8 years. I've known countless people that get assistance. A few of them have really deserved it and used it in a beneficial way, the vast majority feel like it's owed to them.

I'm the only one on my block that pays full price for my housing and all my utilities.

I've never seen the poor up close, LMAO!