well, since ronnie reagan shut down all the nuthouses and he was rich and from california, maybe there's some poetic justice in there somewhere.
The CEO/founder of my company got a second mortgage on his house, cashed out his 401(k), and cleaned out his other savings to start the company, then worked 6-7 days a week, 10+ hours a day for several years.
If he sold the company now he'd be an "instant" millionaire. Why should he be punished for creating jobs, paying business taxes, and helping the economy (through the goods and services the company uses, as well as the jobs)?
In America we're supposed to reward taking risks like this, not punish the people who make us successful.
Socialism leads to poverty not a worker's paradise.
If he sold the company now he'd be an "instant" millionaire. Why should he be punished for creating jobs, paying business taxes, and helping the economy (through the goods and services the company uses, as well as the jobs)?
In America we're supposed to reward taking risks like this, not punish the people who make us successful.
Socialism leads to poverty not a worker's paradise.
Well, I'd say some have worked hard for it. But most haven't worked harder than most people. Most of it's inherited, timing, luck, and/or who you know. But that said, I'm against such taxes.
then perhaps they should be asked to spread the wealth?
There is something to having TOO much money...if its being stockpiled, then whats the use?
There are those who work hard...but even then, if the money is just sitting around making more money off itself, then whats the point if it isn't being used?
There is something to having TOO much money...if its being stockpiled, then whats the use?
There are those who work hard...but even then, if the money is just sitting around making more money off itself, then whats the point if it isn't being used?
Timing and luck could apply there as well. I was just stating that there are plenty of hard working people that aren't millionaires, period. My view is also colored by a large company I worked for... so many freaking idiots at the top I often wondered how the company stays afloat... my guess is all the hard working people below them.
But those hard working people aren't working smart, and/or aren't willng to risk their own money to start a business. See my post above. Any of us are free to try to become millionaires, most of us (including me) choose to avoid the work and risk and just work for someone else.
True... like I said, I have a bias, so just ignore me
The people at the top of the company I worked for inherited their positions and pretty much just placed ass kissers and people they otherwise liked in top positions. A sort of good 'ole boy mentality. Meanwhile truly good people were always getting the shaft or jumping ship.
Well lets see, if you leave town for a week, I should be able to use your house. I mean come on, if its "jst sitting around, then whats the point if it isn't being used?" Heck, as a matter of fact, I should be able to use anything you own that you arent using right now. And this is even being kind, because the real analogy is that I should simply be able to take anything you own indefinately that you don't really need. So before you go off about how millionaires should sacrifice what they "dont need," you'd better be putting up bums in your house when youre out of town, letting poor students use your internet and read your books when youre at work, and letting people without cars drive yours around when you don't need it.
See my post above. The company my boss created from nothing employs people (who pay taxes), pays business taxes, buys goods and services (more jobs, more taxes), and if he did sell the company he'd already be paying normal income taxes.
What valid reason is there to punish him with an extra $10,000 "success tax"? Especially since if he hadn't succeeded, he'd still have the second mortgage and no retirement savings beyond social security. Should he then get $10,000 from lower-income people as a "failure rebate"?
Well, I agree we need more mental health services in CA. Currently, LA county jail is the largest mental health facility in the world. The mental health system is virtually nonexistent in CA. Why should someone have to commit a crime in order to get psychiatric treatment? Even if someone mentally ill attempts suicide, they are given very little treatment and released to try again.
I don't mind paying taxes for them. So I think they should tax everyone to some extent, like a progressive tax, not just the millionaires. I think people should have to pay taxes for mental health services based on their ability.
At the same time, it's not going to stop me from voting for this proposition because of what it aims to do, regardless of how it funds it. The rich are getting taxcuts from Washington, they can afford a tax hike from Sacramento.
I don't mind paying taxes for them. So I think they should tax everyone to some extent, like a progressive tax, not just the millionaires. I think people should have to pay taxes for mental health services based on their ability.
At the same time, it's not going to stop me from voting for this proposition because of what it aims to do, regardless of how it funds it. The rich are getting taxcuts from Washington, they can afford a tax hike from Sacramento.
Civilization can exist without funding mental health programs. Period. In no way is what this proposition calling for beneficial to millionaires, and if it was, you should make the case to them why they should WANT to pay for it, instead of forcing them to do so.
- Nov 19, 2001
- 30,322
- 4
- 0
You were doing so well, then at the end you fell back into the "boohoo for me, those rich bastards get everything" mentality.
Let's see, my household income is 6 figures. Some would say I'm rich, so let's assume I am.
Because I make too much money:
I can't get the Earned Income Credit.
I can't use the Child Credit.
I can't use Hope Credit or Lifetime Education Credit.
I have to calculate Alternative Minimum Tax (effectively making my normal itemized deductions useless).
So, I ask you, where are my tax cuts?
Is it some sort of new fad to feel sorry for millionaires? Come on. They just had their top rate cut from Washington by 5% under Bush. That's $50K per Million. So I am not going to lose ANY sleep about them having to pay $10K per Million for mental healthcare. The taxes on their first million won't be effected. I mean seriously, mentally ill who need help, or the rich who don't but are getting plenty of help from Bush? Easy decision for me.
Demon-Xanth
Lifer
- Feb 15, 2000
- 20,551
- 2
- 81
Yeah, if the decision is so easy to you morally, then even if the bill doesnt pass, I expect to see you breaking into millionaires homes, stealing their money (which is exactly what this bill does) and then you donating that money to the mentally ill. Go on Robinhood, make us proud of of the strength of your convictions.
You should ask Bush. I didn't get no tax cut either. But people making over $1M sure did.
This tax is only for earnings after $1M. Do you think they should get Earned Income Credit?
Do you make more than $1M? Every dollar above $1.2M is now taxed at 35% compared to 39.6% under Clinton.
That's a $46K tax cut on every million after $1M. So they have to pay $10K per Million for healthcare. They are still out with $36K per Million tax cut. Not to mention all the dividend tax cuts they are getting.
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