The 1% and their money

[mikegg]

1% owns big business -> gets taxed more -> money goes to middle/lower class -> middle/lower class has more money to spend -> spends money on 1%'s big business -> 1%'s big business generates more revenue -> 1% ends up at about same net income prior to tax hike

Does that make sense at all? The only scenario I can think of where our country does worse economically is if some of the money goes oversees.

 

[Fanatical Meat]

The break down is sending labor outside the country. Just about any job can be outsourced now. We need to address this I can't imagine why a company can't send engineering or IT jobs out too, may as well keep them near the production.

 

[soulcougher73]

Why is money going to the middle class because big business is taxed more exactly? You are flawed right out the gates.

 

[spidey07]

And just how do you think this theft of money is going to go to the middle class? Your entire premise if fundamentally flawed. Have you ever actually had a real job?

Big business gets taxed more. That means profit margins are squeezed, that means they have to cut expenses. Guess what the largest expense is?

Yep, salary and wages. Mission accomplished communist! Everybody is equally miserable!

 

[soulcougher73]

And just how do you think this theft of money is going to go to the middle class? Your entire premise if fundamentally flawed. Have you ever actually had a real job?

Damnit. Me and Spidey came to the same conclusion on something. Grrr

 

[Zivic]

Why is money going to the middle class because big business is taxed more exactly? You are flawed right out the gates.

my thoughts exactly

if anything...
the increase in taxes increases the cost to do business and this increase in costs is transferred to the middle class in higher priced goods and services produced by "big business"... thus the tax increase to the 1% is funded by the middle class.

 

[spidey07]

Damnit. Me and Spidey came to the same conclusion on something. Grrr

Obama gonna give it to da middle class...you know...from his stash!

 

[waggy]

lol you really think once they tax the 1% they are going TO GIVE IT to the middle class? bwhahahah

 

[ShawnD1]

Why is money going to the middle class because big business is taxed more exactly? You are flawed right out the gates.

Example: Canada. Rich people are taxed up the ass so everyone has free medical care. Not having to pay for that means I have more money to spend on things like facials, pearl necklaces, and cream pies.

 

[soulcougher73]

Example: Canada. Rich people are taxed up the ass so everyone has free medical care. Not having to pay for that means I have more money to spend on things like facials, pearl necklaces, and cream pies.

Well i assumed he was talking about the US

 

[glenn1]

1% owns big business -> gets taxed more -> money goes to middle class -> middle class has more money to spend -> spends money on 1%'s big business -> 1%'s big business generates more revenue -> 1% ends up at about same net income prior to tax hike

Does that make sense at all? The only scenario I can think of where our country does worse economically is if some of the money goes oversees.

Why can't the middle class can make its own damn money instead of giving them someone else's?

 

[s0me0nesmind1]

The break down is sending labor outside the country. Just about any job can be outsourced now. We need to address this I can't imagine why a company can't send engineering or IT jobs out too, may as well keep them near the production.

This is one thing I can gladly support liberals on: Tax penalties for outsourcing. And it should be a substantial one as well. There isn't a single ounce of this that wouldn't help the economy (correct me if I'm wrong - I'd love to here any opposing sides that I am missing or don't know of)
1) Less Unemployed
2) More Tax dollars from newly employed
3) More money to spend at home and cycle

Some might say it will make prices all around higher - and that might be true - I'm not sure. But since that money is going back into the hands of Americans, that money will be spent by Americans.

It will never happen though, with how much corporations lobby our government.

 

[ShawnD1]

Well i assumed he was talking about the US

USA is not special. If every other developed nation can do this, there's no reason the US can't.

Another example of boosting the middle class is to subsidize day care. Not having to spend 10k/year on day care means there's an extra 10k/year to stimulate the economy.

Why can't the middle class can make its own damn money instead of giving them someone else's?

So now you're advocating for unions and higher wages? Fascinating.

 

[Zivic]

Another example of boosting the middle class is to subsidize day care. Not having to spend 10k/year on day care means there's an extra 10k/year to stimulate the economy.

seriously? Your logic is beyond stupid

 

[Darwin333]

1% owns big business -> gets taxed more -> money goes to middle class -> middle class has more money to spend -> spends money on 1%'s big business -> 1%'s big business generates more revenue -> 1% ends up at about same net income prior to tax hike

Does that make sense at all? The only scenario I can think of where our country does worse economically is if some of the money goes oversees.

You left out the part about how we are currently borrowing over a trillion a year just to cover our "basic" costs. So 1% gets taxes more, we borrow less (hopefully), nothing more is actually spent, etc....

Now frankly, we NEED more revenue but with this kind of deficit lets not pretend that it should be freaking spent to help anyone out.

 

[Darwin333]

Example: Canada. Rich people are taxed up the ass so everyone has free medical care. Not having to pay for that means I have more money to spend on things like facials, pearl necklaces, and cream pies.

I bet all of those are strictly for you. You kinky dog you.

 

[ShawnD1]

seriously? Your logic is beyond stupid

You're right. We should use the American model of doing things. Half of your disposable income goes to health insurance and the other half goes to day care. w00t for having no spendable cash! Nothing stimulates the economy more than living paycheck to paycheck and not being able to buy anything.

Not having to pay for either of those, a lot of my money goes directly into job creation. Buying stuff on amazon creates good paying jobs in warehousing and transportation. Buying a car whenever I feel like it creates high paying jobs in manufacturing. When money stays in the hands of rich people, it doesn't accomplish those things. Guys like Romney don't spend their money; they save it and stash it away. How does stashing it away create jobs? How does holding millions of dollars in foreign accounts create jobs?

 

[Nintendesert]

Why can't the middle class can make its own damn money instead of giving them someone else's?

Too busy giving money to the 1% in the form of iCrap and other frivolous shit that depletes the finances of the middle class and moving the wealth to the 1%.

Marketing schemes and rampant consumer whorism have created the middle class tax that feeds directly into the rich.

 

[berzerker60]

To start with, why in the world would we give money to the MIDDLE class when there's a LOWER working class who work themselves silly and stay in poverty? It's so ridiculous and morally abhorrent how everyone's about serving the rich, giving lip service to the "middle class," and ignoring the heck out of the masses of poor, hard-working people.

 

[Munky]

More like :

1% gets taxed more -> government immediately blows the money and asks for more

 

[s0me0nesmind1]

To start with, why in the world would we give money to the MIDDLE class when there's a LOWER working class who work themselves silly and stay in poverty? It's so ridiculous and morally abhorrent how everyone's about serving the rich, giving lip service to the "middle class," and ignoring the heck out of the masses of poor, hard-working people.

AAHAHAHAHAHAHA that was a good one man - high five!

 

[nickbits]

Example: Canada. Rich people are taxed up the ass so everyone has free medical care. Not having to pay for that means I have more money to spend on things like facials, pearl necklaces, and cream pies.

Everyone is taxed up the ass... so no you don't have more money, especially since most things are more expensive there.

 

[berzerker60]

Everyone is taxed up the ass... so no you don't have more money, especially since most things are more expensive there.

And yet somehow there are still rich Canadians. Imagine, a world where the rich still have tons of money, yet millions of workers aren't less productive because they have preventable or curable illnesses they can't afford to see a doctor about.

 

[Suspicious-Teach8788]

So now you're advocating for unions and higher wages? Fascinating.

Are you kidding me? Hey I want higher pay. Is the first thing I'm going to do to start a union in my workplace?

If I'm severely underpaid considering the work I do maybe it's best I talk to my boss. Maybe HR too. No good resolution? Look for a new job.

Or maybe I realize my education isn't good enough. So I go to graduate school. Come out and make $20k more per year.

It's on YOU to make sure you get paid enough. There's enough opportunities out there if you can't get there with all the support systems out there, you should be the one to blame. Maybe I'm not happy that I'm not an exec and a 1%-er. Oh no. Who do I blame? The 1% for preventing me? Had I wanted to I could've worked for an MBA and gone to a different industry.

 

[berzerker60]

Are you kidding me? Hey I want higher pay. Is the first thing I'm going to do to start a union in my workplace?

If I'm severely underpaid considering the work I do maybe it's best I talk to my boss. Maybe HR too. No good resolution? Look for a new job.

Or maybe I realize my education isn't good enough. So I go to graduate school. Come out and make $20k more per year.

It's on YOU to make sure you get paid enough. There's enough opportunities out there if you can't get there with all the support systems out there, you should be the one to blame. Maybe I'm not happy that I'm not an exec and a 1%-er. Oh no. Who do I blame? The 1% for preventing me? Had I wanted to I could've worked for an MBA and gone to a different industry.

This is exactly the disconnect. Not everyone can just 'work for an MBA' or move to a new job. Some people have sick family they can't abandon to just up and move to a new city they've never visited before; and there are few areas that are interested in hiring a low-skill worker from out of town when there's one available nearby. Not everyone lives where there are good schools. Not everyone has family who can support them in any way, shape, or form, and in fact many have families who are huge financial drains. What, exactly, is your game plan for a hard working but poorly educated person with a family to support living in a city with very high unemployment? Not everyone can just stop getting income and go off to school for two years, or even afford the hundreds to thousands of dollars and dozens to hundreds of hours it costs just to apply to a decent MBA program.

The libertarian bootstraps fantasy is a laughable fiction without a robust safety net to allow hard-working people of all backgrounds security in their basic needs such that they can afford to take a big risk on changing careers, moving to a new area, or going back to school.