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Taxing wealth already exists. It's called the property tax.
I consider it fundamentally unfair because it requires you to constantly pay to keep what you own. If your income falls and you can't afford to pay the state/county for the house that YOU OWN here in Texas, you will lose it. Likewise if the value of your home increases.
Taxing wealth already exists. It's called the property tax.
I consider it fundamentally unfair because it requires you to constantly pay to keep what you own. If your income falls and you can't afford to pay the state/county for the house that YOU OWN here in Texas, you will lose it. Likewise if the value of your home increases.
It means you don't ever really own your house. you just rent it from the government. I am against property taxes all together.
Why focus on taxing wealth producers? why not eliminate the non-wealth producers and be more efficient. which means eliminate the government to minimal as possible and get rid of all subsidies and welfare.
Whatever you tax more of you get less of. whatever you subsidize, you get more of.
So why would we tax the rich? get less of, and subsidize the poor, get more of?
Bing bing. Tax 'wealth,' and all the wealthy will high-tail it out of here as fast as they are in certain European countries.
Taxing wealth already exists. It's called the property tax.
I consider it fundamentally unfair because it requires you to constantly pay to keep what you own. If your income falls and you can't afford to pay the state/county for the house that YOU OWN here in Texas, you will lose it. Likewise if the value of your home increases.
You don't seem to get how social security works either.
I appear to know more about everything than you do.
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Originally Posted by hartford_renter
Your benefit is progressively indexed your earnings over 55K get a 15% factor whereas earnings up to 10K get a 90% factor.
Wrong yet again. The streak continues. There are three benefit bands defined by the so-called bend-points that are used in calculation of a basic benefit (aka, primary insurance amount) from one's average indexed MONTHLY income. The first $767 earns a 90% credit. The next $3,857 earns a 32% credit, and everything above $4.624 earns a 15% credit.
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Originally Posted by hartford_renter
The poor do quit well under SS and they are subsidized by the rich. If not for the rich SS would go bankrupt.
The rich? Who needs them! They pay NOTHING on their wages above $113,700. In part because of that, those with low incomes receive SS benefits that are a higher percentage of their pre-retirement incomes than those with high incomes do. That's as far as the BIG LIE that poor people "do quite well" under Social Security can be taken. The more money you made in an average month during your working lifetime, the higher your actual benefit will be. Rich people do quite well under Social Security. But they would do even better if we were to allow them to contribute from and thus earn benefits on a larger proportion of their giant incomes.
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Originally Posted by hartford_renter
Your ignorance shows in every post
Completely a product of your pathetic envy of my demonstrated superior knowledge and capacity. After all, I can actually keep the months of the year straight, having no history at all of confusing June and January or December and September.
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Originally Posted by hartford_renter
You seem to want to take from one group to give free stuff to another. You don't seem to understand how wealth is earned taxes are destroying the economy and job creation.
I seem to want to stick to the actual facts, something that you stray from with dependably great regularity.
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Originally Posted by hartford_renter
Ignoramuses like yourself are the reason america is in the toilet
Go read the Terms of Service. Personal attacks such as this are prohibited. But I'm sure many understand the sort of desperate humiliation that comes to prompt such violations.
Wrong again. As an owner of the public ally traded company the stockholders pay income tax. The value of a stock is its discounted future earnings and dividends those earnings are diminished by taxes paid by the corporation.
LOL! You pay not one thin dime. This is classic interloping -- taking credit for that which you have no connection to at all. The value of a share of stock is whatever you can sell it for. It is a value determined purely from market perceptions and having no fixed connection to any actual financial stock or flow at all.
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Originally Posted by hartford_renter
Some of the extra earnings would go towards paying employees but some would also go to the owners ie the stockholders
More unfounded entitlement syndrome. Where do common stockholders rank again in terms of dividends or upon liquidation?
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Originally Posted by hartford_renter
How about you take an introductory economics class before you post more of this drivel?
Bing bing. Tax 'wealth,' and all the wealthy will high-tail it out of here as fast as they are in certain European countries.
LOL! The rich are not high-tailing it out of anywhere on account of taxes. And please spare us any more ridiculous posts concerning the ups and downs of niche market Parisian penthouses. Don't bother to tell us either about all those disappearing millionaires of Oregon and Maryland.
The rich have deep roots where they live -- business networks, social and religious networks, family networks, charitable and educational networks. They do not pull up stakes and abandon the work of a lifetime over a few extra dollars worth of taxes at the margin. Most wealthy people are not actually much concerned over taxes anyway, since these have virtually no impact on their lifestyles. And where would they go anyway? Do you fancy that there are places somewhere that are worth living in that did not get and do not stay that way through ample taxation of one sort or another?
It's just astonishing to me sometimes the sort of absolute nonsense that some people will fall for.
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