We need some type of excessive compensation tax.

[spidey07]

I agree, 90% tax rates for everyone who makes more money than me.

How progressive of you!

 

[CycloWizard]

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?

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.

 

[Darwin333]

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.

History has proven that you can only extract a certain percentage of GDP via taxation even when we had 90% brackets. We are pretty close to that percentage right now.

 

[Turin39789]

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.

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.

 

[JS80]

Oh, those poor, poor people. What an out-of-whack burden they have to carry.

http://en.wikipedia.org/wiki/Distribution_of_wealth

So are you saying, that people who don't work, don't make money, and don't amass wealth? How outrageous!

 

[JS80]

P&N ----->

Communist country ----->


Take your pick.

Fixed.

 

[blackangst1]

Hello, comrade!

 

[CycloWizard]

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.

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.

 

[sMiLeYz]

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

You should know better than to advocate any tax increases, they'll call you a communist.

 

[Turin39789]

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.

le sigh.

 

[EagleKeeper]

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.

 

[zinfamous]

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

fuckin' libruls!

 

[DCal430]

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.

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.

 

[Jaskalas]

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.

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.

 

[spidey07]

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.

How much of your time, money and labor have you donated to solve this problem that means so much to you that you wish to take from others. Surely you have donated all your earnings, assets, time and money comrade?

 

[sMiLeYz]

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.

Agreed.

 

[boomerang]

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.

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.

 

[CycloWizard]

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.

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?

 

[Acanthus]

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.

And they earn over 40% of all of the money.

And they control over 88% of the wealth.

Statistics are fun.

 

[waggy]

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.

you know what happen? every one that makes over 10 million a year would only make 9 million. why? because they won't give it to the lazy fucks like you.

then we wouldn't have as many people investing. etc etc.

all in all its a fucking bad idea.

If i am going to be taxed at 200% on any income over 10 million i won't make any over that. even if it means im going to shut down my store/business/etc or fire people.

 

[TheSlamma]

Move from the US then, stop trying to change it, I'm sure China has a great immigration system.

 

[tk149]

Can we get a excessive stupidity tax too? Stupid people cost this country far more than anything else.

(No, the lottery does not count. That's just a tax on people who can't do math )

 

[werepossum]

P&N ----->

<------ Communist country


Take your pick.

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.

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.

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.

 

[soundforbjt]

They have offered some people a product/service which those people deemed to be worth >$10 million.

Not in all cases. Many make money bundling up bad loans\assets and re-selling them providing no product or service to the people.

 

[werepossum]

Not in all cases. Many make money bundling up bad loans\assets and re-selling them providing no product or service to the people.

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.