I agree, 90% tax rates for everyone who makes more money than me.
How progressive of you!
I agree, 90% tax rates for everyone who makes more money than me.
What are the absolute numbers here? A shift in the distribution of fractional holdings doesn't mean that those at the bottom are actually holding less, only that those at the top are holding more.Or is it possible As wealth distribution has skewed to greater concentration in fewer hands and wages stagnate, the middle class gets smaller and more people fall out of the tax tables?
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CEOs in the US make about 350 times more than your average employee.
The rich proposed they should NOT get heavily taxed, because they will create new jobs with the money Uncle Sam leaves alone.
That was 30 years ago. And, salaries of the rich have gone way up, while the middle class has remained the same. They have no intention of redistributing the wealth.
For anyone who tries to distribute the wealth; they are a muslim communist terrorist out to rape your white virgin daughters.
It's all a show. The rich have no intention of sharing any of their wealth. Not even under the intentions of growing their business. They would rather ship the work overseas for a fraction of the cost.
And, they then have the nerve of calling American Labor too expensive. Right, because $8 a day to some 12 year old is better for appropriate.
What are the absolute numbers here? A shift in the distribution of fractional holdings doesn't mean that those at the bottom are actually holding less, only that those at the top are holding more.
Oh, those poor, poor people. What an out-of-whack burden they have to carry.
http://en.wikipedia.org/wiki/Distribution_of_wealth
There is absolutely no obfuscation involved. Your paraphrase barely reworded what I said at all. The pie is bigger, so having a smaller piece of the pie in a normalized sense does not mean that you have less pie in an absolute sense. It seems to me that the absolute sense (adjusted for inflation) is much more relevant than the normalized sense. I don't know whether the absolute wealth of the lower groups has decreased or not - I'm just asking the question.Intentional Obfuscation much? You didn't want to say - Just because the rich have more doesn't mean the poor have less.
I asked if it is possible that the wealth distribution curve has pulled people out of the taxable tax brackets. I asked. If I knew the answer I would have posted it.
Why does someone need to make more than 10 million a year? Clearly no one needs that much money a year, and no one really deserves that much money a year. Too many times the working class and poor are trampled over by the rich to make this kind of money. We need a tax on this kind of excessive pay.
I propose a 200% tax against any company for each dollar over 10 million it pays to any single employee. For self-employed people I propose a 50% self employment tax for each dollar over 10 million. We need to reign in on these excessive incomes from the rich who do nothing but steal from the working class and poor.
Also obviously we need to close the loophole with the dividend and capital gains tax that lets the rich trample all over the working class while paying next to no taxes.
As long as we have people on the streets begging for food and money; because they can't find a job, no one should be allowed to make so much money. We need class equality in this country, and a massive tax on the rich/greedy is how we can do it. Remember share the wealth and make the world a better place.
Moved from OT
ATOT Moderator ElFenix
There is absolutely no obfuscation involved. Your paraphrase barely reworded what I said at all. The pie is bigger, so having a smaller piece of the pie in a normalized sense does not mean that you have less pie in an absolute sense. It seems to me that the absolute sense (adjusted for inflation) is much more relevant than the normalized sense. I don't know whether the absolute wealth of the lower groups has decreased or not - I'm just asking the question.
tax what? they don't have any money and god damn liberals have ruled that it's unethical to forcibly harvest organs from living people
Again, those that do not have, want to take it from those that have without justification.
Why do those that refuse to better themselves feel that they deserve to be given anything they want from those that work for it.
Eventually you destroy the need/will to suceed.
Communism is a failure, mmmkay? And who are YOU to tell somebody how much they can and cannot make? What's the maximum wage comrade? And there is no loophole with LTCG, that's what the rate is.
BS, I was just asking for a penalty on pay over 10 million a year. 10 Million is plenty of motivation. WHY DOES SOMEONE NEED TO MAKE OVER 10 Million a year? WHY?
FYI the fact that we have people who have made billions a year, while we have people starving to death in the world is a crime against humanity. It is one of the greatest evils of the world and must be corrected.
It is sad and funny how so many on ATPN support the trampling of the poor by the rich, when they aren't rich them self, and are probably one of the people being trampled.
BS, I was just asking for a penalty on pay over 10 million a year. 10 Million is plenty of motivation. WHY DOES SOMEONE NEED TO MAKE OVER 10 Million a year? WHY?
FYI the fact that we have people who have made billions a year, while we have people starving to death in the world is a crime against humanity. It is one of the greatest evils of the world and must be corrected.
It is sad and funny how so many on ATPN support the trampling of the poor by the rich, when they aren't rich them self, and are probably one of the people being trampled.
It's what our schools have been teaching them for the last 20 years or so. You couple that with the ignorance of youth and this is what we get. Their numbers are legion. Most are too lazy to vote which may be the only thing holding off the fundamental transformation of our country. When they figure out they can vote themselves money all bets are off. We're pretty close right now.Again, those that do not have, want to take it from those that have without justification.
Why do those that refuse to better themselves feel that they deserve to be given anything they want from those that work for it.
Eventually you destroy the need/will to suceed.
They have offered some people a product/service which those people deemed to be worth >$10 million. The bigger question is: what have YOU done to deserve a slice of that pie?BS, I was just asking for a penalty on pay over 10 million a year. 10 Million is plenty of motivation. WHY DOES SOMEONE NEED TO MAKE OVER 10 Million a year? WHY?
FYI the fact that we have people who have made billions a year, while we have people starving to death in the world is a crime against humanity. It is one of the greatest evils of the world and must be corrected.
It is sad and funny how so many on ATPN support the trampling of the poor by the rich, when they aren't rich them self, and are probably one of the people being trampled.
The "bottom" 47% pays ZERO income tax or gets a tax credit (IE paid) from the federal government.
The tax base needs to be expanded so everyone has skin in the game.
Meanwhile, the top 10% already shoulders 68% of income taxes.
BS, I was just asking for a penalty on pay over 10 million a year. 10 Million is plenty of motivation. WHY DOES SOMEONE NEED TO MAKE OVER 10 Million a year? WHY?
FYI the fact that we have people who have made billions a year, while we have people starving to death in the world is a crime against humanity. It is one of the greatest evils of the world and must be corrected.
It is sad and funny how so many on ATPN support the trampling of the poor by the rich, when they aren't rich them self, and are probably one of the people being trampled.
LOL So appropriate - though the level of intelligence display by the OP's post gives me no confidence in his/her ability to follow an arrow.P&N ----->
<------ Communist country
Take your pick.
Exactly right, and damn well said. A free person's income is not set by what the government decides he needs; that is how income of property is decided.The most basic principle of communism.
He is represented by the government of the United States. He believes all people in the United States are government property. The commune abhors private property. They will seize it because he wants them to.
They have offered some people a product/service which those people deemed to be worth >$10 million.
That's a valid point. Many people make a great deal of money playing options on commodities, or the stock market, or the derivatives market, or currencies, which is all zero sum to society. One entity wins, one loses. However there's a big jump between something with no value to society and acquiring a right to that money. I think it would be smart though to tax that money as wage income. Capital gains tax is lower because we recognize a value to society in promoting investment, not merely because capital is risked. Otherwise lottery and gambling winnings would be taxed as capital gains.Not in all cases. Many make money bundling up bad loans\assets and re-selling them providing no product or service to the people.