What is your opinion on "get rich and run" people?

[Matt1970]

Who cares if they do leave? I say good riddance, nationalize all their assets in this country and move on without them.

This is why you cannot consider yourself a Conservtaive or a Republican. Hell, a lot of Democrats won't even want you after hearing that.

 

[cybrsage]

The anger towards the Superrich is growing.

I'm sure they are starting to feel the heat especially the one that refuse to release their tax returns.

I know, lets all get together in a park and not bathe for a long time. THAT will teach them we mean business!!!1!11!

 

[Mursilis]

I really don't get why tax discussions always turn into some fuzzy theoretical debate as if taxes are a standalone morality play and nothing else.

Taxes are how the government pays for things, obviously. So if the government is spending $X, it should probably take in $X in taxes. We could try taxing the poor and middle class more, but not only would that be unpopular, it probably would have a much worse impact than raising taxes a similar amount on the rich (because it's not like the poor and middle class are super comfortable these days).

If you don't like taxes, that's a perfectly valid position, but attacking the issue from the tax side instead of the spending side doesn't make a lot of sense to me. We can argue about whether it's a good idea to tax the rich until we're blue in the face, but the tax money will eventually have to come from somewhere.

True enough, but most of the honest estimates I've seen suggest that even with increased taxes on the rich, we're not that much closer to addressing the budget deficit. And if one is completely honest, one would have to admit that the Dems just aren't that serious about raising taxes on anyone, no more so than the GOP is serious about all the spending cuts they blather on about, but never actually pass. Both sides are just riling up their core bases.

 

[cybrsage]

You could take all the money from the rich and still not have enough.

 

[monovillage]

Reading threads like this is like listening to 10 year olds arguing about which superhero would win in a fight.

People seem so mind bogglingly oblivious to the way the world actually works, and there's an awful lot of hatred/vitriol towards people who are rich or have wealth. It's like being at a coffee house full of wide eyed 18 year old Marxist hippies ranting about "the man".

I personally doubt a bunch of rich people will up and leave the country if their taxes are increased. What they will do, however, is find more ways to move their assets overseas and be less interested in investing in the US.

Even if one could justify significantly raising taxes on the rich for no other reason than "they can afford it", the truth is that it wouldn't make any significant difference in the economy as a whole or the economy. It's really just a good rallying cry for the left, just like the right has some rallying hot buttons that in the grand scheme don't really matter either.

Thanks Double.

 

[Attic]

Better to find a way to close the income disparity through a workers actual earnings.

Provide incentives for companies who pay workers a certain threshold and provide reasonable benefites (retirement, health care, ect..)

If you raise taxes on wealthy they are going to find a way to squeeze that money back. Make their ability to earn that much from a strong country contingent on a strong middle class flourishing and they will find a way to earn that and more on the back of a strong middle class that flourishes.

Obama was correct in his "u didn't build that", though it got misconstrued he's essentially correct in arguing success is built and available as a result of the country, not in despite of it.

 

[Jhhnn]

Raising taxes on the rich doesn't hurt during this recession since they have a marginal propensity to save and there's a glut of cash that isn't being invested in. We are also in a liquidity trap and we need government to spend money to get out of it, so it's better to raise the taxes on the rich and spend that money.

Why, that's just libruhl egghead makro echunomick mumbo-jumbo. Mah munny! Mah munny! Keep yo' commie pinko soshulist gay married terrarist coddlin' hands offa mah munny! And offa mah Medicare, too!

 

[Hayabusa Rider]

I'm all for the increase on taxes on the wealthy just passed by the Senate. I think if you take that money and give it in the form of tax breaks, earned income credit, etc to those worse off you will hugely help the economy.

How many dollars would it bring in and what do you cite for that figure?

 

[Hayabusa Rider]

Better to find a way to close the income disparity through a workers actual earnings.

Provide incentives for companies who pay workers a certain threshold and provide reasonable benefites (retirement, health care, ect..)

If you raise taxes on wealthy they are going to find a way to squeeze that money back. Make their ability to earn that much from a strong country contingent on a strong middle class flourishing and they will find a way to earn that and more on the back of a strong middle class that flourishes.

Obama was correct in his "u didn't build that", though it got misconstrued he's essentially correct in arguing success is built and available as a result of the country, not in despite of it.

It isn't about making things better for workers, it's about punishing the rich. Most could not care about the median earner and his plight anymore than Romey does. Vengeance and circuses.

 

[Steeplerot]

It isn't about making things better for workers, it's about punishing the rich.

How does that even make logical sense. What/who would it benefit by this conspiracy?

 

[Hayabusa Rider]

How does that even make logical sense. What/who would it benefit by this conspiracy?

Of course it does. The post i'd quoted was the best in this thread. The middle class needs relief, as he describes. Instead it's about the government taking the from the rich and giving to themselves. Instead of that give the middle class the a check from an increase in taxes based on how much they paid in tax with no additional tax, fees or strings. Chances that those who want to increase taxes on the wealthy? Virtually none. There isn't a conspiracy, but a collective groupthink which wants to transfer money, but for govt. Purposes.

 

[Jhhnn]

It isn't about making things better for workers, it's about punishing the rich. Most could not care about the median earner and his plight anymore than Romey does. Vengeance and circuses.

Of course it does. The post i'd quoted was the best in this thread. The middle class needs relief, as he describes. Instead it's about the government taking the from the rich and giving to themselves. Instead of that give the middle class the a check from an increase in taxes based on how much they paid in tax with no additional tax, fees or strings. Chances that those who want to increase taxes on the wealthy? Virtually none. There isn't a conspiracy, but a collective groupthink which wants to transfer money, but for govt. Purposes.

America's wealthiest, the people who really run this country, are demanding sacrifice from the middle class on down. Make no mistake about that.

What sacrifices are they prepared to make for what they claim is the good of the country?

None at all, obviously.

It's equally obvious that what we need is more people working & earning, something that tax rebates & the Job Creators simply will not provide in a liquidity trap. Govt spending will.

 

[Hayabusa Rider]

America's wealthiest, the people who really run this country, are demanding sacrifice from the middle class on down. Make no mistake about that.

What sacrifices are they prepared to make for what they claim is the good of the country?

None at all, obviously.

It's equally obvious that what we need is more people working & earning, something that tax rebates & the Job Creators simply will not provide in a liquidity trap. Govt spending will.

Faith in government is religion. Since the government isn't doing anything that encourages long term employment, favorable trade conditions, positive incentives to not outsource, thats what it is. Take the money and make another program without correcting the underlying problems. Not good enough.

 

[Matt1970]

America's wealthiest, the people who really run this country, are demanding sacrifice from the middle class on down. Make no mistake about that.

They aren't demanding a damn thing and you know it. I would ask you to prove it but that just leads to the typical insults and I don't know what I am talking about and blah blah blah

 

[OneOfTheseDays]

They aren't demanding a damn thing and you know it. I would ask you to prove it but that just leads to the typical insults and I don't know what I am talking about and blah blah blah

Because YOU DONT KNOW WHAT YOU ARE TALKING ABOUT.

Fucking open your eyes you moron. Look at what the GOP budget proposals are all about. They are leveraging more tax cuts for the wealthy by cutting discretionary spending, which basically means all programs aimed at helping the poor and middle class achieve a higher quality of life.

It's sickening how stupid you are.

 

[Jhhnn]

Faith in government is religion. Since the government isn't doing anything that encourages long term employment, favorable trade conditions, positive incentives to not outsource, thats what it is. Take the money and make another program without correcting the underlying problems. Not good enough.

Faith in the Job Creators! is religion. We don't get to elect them.

Income inequality is huge, and growing, with under- and un- employment being a large part of that. Deleveraging has become a liquidity trap, where those with the greatest incomes having the greatest propensity to save rather than invest. This is a self reinforcing phenomenon, the very definition of Depression. They'll even go so far as to take negative real interest rates on govt securities to do so.

There are no positive ways to inhibit offshoring, due to vast wage disparities. If American workers accept Chinese wages, they can't possibly pay the bills on the enormous expanse of suburbia where the majority lives. If they can't pay the bills, the situation gets worse, not better. American capitalism is now international, protected by our vast military.

The real underlying problem is lack of demand, which only employment & redistribution can solve.