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Old 03-07-2011, 01:12 PM
 
Location: Dallas, TX
31,777 posts, read 24,010,717 times
Reputation: 12105

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Quote:
Originally Posted by workingclasshero View Post
the top 50% of ALL EARNERS pays 97% of ALL PERSONAL INCOME TAX COLLECTED by the IRS
They also make more than 87% of all income.
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Old 03-07-2011, 04:22 PM
 
Location: Portland, OR
9,597 posts, read 9,429,065 times
Reputation: 9208
Quote:
Originally Posted by HomeWurkin View Post
Up to now I've been reading this forum from time to time, because I find the court of public opinion interesting. I created an ID today because I must say, that after reading this thread, it is apparent to me that most people simply have no idea why we're in the trouble that we're in, or how to get out of it.

It's a simple answer really. One word, in fact.

Globalization

This is where US corporations travel the world, taking advantage of other countries. They seek out those countries with loose employment laws, and a low cost of living. They then ship American jobs to these countries, and tell Americans how we have to be "more competitive in the global economy".

It's nonsense.

You can't compete with a country that still allows child labor. You can't compete with a country whose idea of health insurance is keeping a spare jar of leeches in the mud hut. You can't compete with countries who can eat for a week on what you HAVE TO spend for lunch. .....and you can't compete with countries that are allowed to produce substandard goods and services.

If one wishes to fix the US economy, it's quite simple really. We need to enact legislation that makes it less profitable to outsource.

1. Impose a tax on corporations that employ over a certain percentage of foreign workers, on their total income.

2. Impose a tariff on imported goods AND services. If you hire an Indian customer service rep, you should be taxed 40% of their salary.

3. Give tax breaks to US corporations for providing US jobs, but ONLY if the salaries of those jobs are over a certain level. The level should vary by region, in accordance with cost of living. Giving tax breaks for minimum wage jobs is ridiculous. Let's start with $30k per year jobs in MS, and end up in Los Angeles giving tax breaks for $70k plus jobs.

4. Institute a flat tax, no deductions. Start taxing the rich who hoard cash. If you hoard money for longer than a certain period of time, you pay a 1 or 2% tax on it. I'd say 5 years is reasonable. In other words, if you've had in excess of 3 million dollars in your possession for longer than 5 years, you should be taxed on the excess, every 5 years. 2% is a small price to pay.

5. Institute an inheritance and gift tax of 8% on amounts over 5 million. When this money changes hands, it is effectively income for the recipient. While I don't expect it to be taxed that way, SOMETHING would be reasonable.

I have a few other ideas that I'll keep to myself, but the bottom line is the greatest trick the super-rich ever pulled off was making low-income conservatives think they're on the same team. (low income meaning below $300k per year) These bastards hoard millions, pay next to no taxes on their hoardings, and then gamble their holdings in business to make more money. If they lose, they get to write off their losses. However they do not have to pay tax on the principle that they're hoarding. Something is wrong with that.

These people are not like us. It's not "class warfare". It's the simple fact that they are not paying their fair share, and because their circumstances are vastly different, they need to be paying taxes differently.

Incidentally? These super-rich folks are the ones selling out your jobs, taking away your ability to make money. Remember that.

Lastly, some might say that my ideas about corporations may cause corporations to leave our shores. I say good, let them leave. Let them try operating in China under the threat of being taken over by the state at any time. The corporate tax code was written with the assumption that US corps would be providing JOBS. They're no longer doing that. As their business practices have changed, so must the tax structure. Because if they're not creating US jobs, then all they're doing is skating along using the freedoms and protections that our system of government provides. That's why they STAY HERE, but EMPLOY THERE. THAT is what we need to stop. If you want to base your operations in the US, there should be a price. Either employ our people, or lower their tax base with tariffs and penalties. It makes no difference to me, but something has to change.
^This post really should get its own thread! This is about the most cogent an argument from the humanitarian side of things I have seen recently.

H
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Old 03-08-2011, 05:14 AM
 
Location: Londonderry, NH
41,505 posts, read 49,566,735 times
Reputation: 24548
Home wurkin

Than you for your post. It helps to know other people see the trap our monied aristocracy has placed on all the productive people in this Country.
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Old 03-08-2011, 06:02 AM
 
Location: 22 months till retirement and I can leave the hell hole of New Yakistan
23,231 posts, read 13,006,700 times
Reputation: 5855
Quote:
Originally Posted by HomeWurkin View Post
Up to now I've been reading this forum from time to time, because I find the court of public opinion interesting. I created an ID today because I must say, that after reading this thread, it is apparent to me that most people simply have no idea why we're in the trouble that we're in, or how to get out of it.

It's a simple answer really. One word, in fact.

Globalization

This is where US corporations travel the world, taking advantage of other countries. They seek out those countries with loose employment laws, and a low cost of living. They then ship American jobs to these countries, and tell Americans how we have to be "more competitive in the global economy".

It's nonsense.

You can't compete with a country that still allows child labor. You can't compete with a country whose idea of health insurance is keeping a spare jar of leeches in the mud hut. You can't compete with countries who can eat for a week on what you HAVE TO spend for lunch. .....and you can't compete with countries that are allowed to produce substandard goods and services.

If one wishes to fix the US economy, it's quite simple really. We need to enact legislation that makes it less profitable to outsource.

1. Impose a tax on corporations that employ over a certain percentage of foreign workers, on their total income.

2. Impose a tariff on imported goods AND services. If you hire an Indian customer service rep, you should be taxed 40% of their salary.

3. Give tax breaks to US corporations for providing US jobs, but ONLY if the salaries of those jobs are over a certain level. The level should vary by region, in accordance with cost of living. Giving tax breaks for minimum wage jobs is ridiculous. Let's start with $30k per year jobs in MS, and end up in Los Angeles giving tax breaks for $70k plus jobs.

4. Institute a flat tax, no deductions. Start taxing the rich who hoard cash. If you hoard money for longer than a certain period of time, you pay a 1 or 2% tax on it. I'd say 5 years is reasonable. In other words, if you've had in excess of 3 million dollars in your possession for longer than 5 years, you should be taxed on the excess, every 5 years. 2% is a small price to pay.

5. Institute an inheritance and gift tax of 8% on amounts over 5 million. When this money changes hands, it is effectively income for the recipient. While I don't expect it to be taxed that way, SOMETHING would be reasonable.

I have a few other ideas that I'll keep to myself, but the bottom line is the greatest trick the super-rich ever pulled off was making low-income conservatives think they're on the same team. (low income meaning below $300k per year) These bastards hoard millions, pay next to no taxes on their hoardings, and then gamble their holdings in business to make more money. If they lose, they get to write off their losses. However they do not have to pay tax on the principle that they're hoarding. Something is wrong with that.

These people are not like us. It's not "class warfare". It's the simple fact that they are not paying their fair share, and because their circumstances are vastly different, they need to be paying taxes differently.

Incidentally? These super-rich folks are the ones selling out your jobs, taking away your ability to make money. Remember that.

Lastly, some might say that my ideas about corporations may cause corporations to leave our shores. I say good, let them leave. Let them try operating in China under the threat of being taken over by the state at any time. The corporate tax code was written with the assumption that US corps would be providing JOBS. They're no longer doing that. As their business practices have changed, so must the tax structure. Because if they're not creating US jobs, then all they're doing is skating along using the freedoms and protections that our system of government provides. That's why they STAY HERE, but EMPLOY THERE. THAT is what we need to stop. If you want to base your operations in the US, there should be a price. Either employ our people, or lower their tax base with tariffs and penalties. It makes no difference to me, but something has to change.
not bad

here's my ideas:

1. get rid of the liberal globalists 'freetrade agreements like nafta, cafta, ofta ect

2. lower/eliminate the corporate tax (its the highest in the world and is driving jobs away)

3. bring back the import tarriffs(on all imports to include american companies like GE who although HQ'd in CT, make/assemble all their products in mexico and maylasia)

4. eliminate the death tax..why should we tax 2-4 times the same bucks

5. get rid of the progressive income tax all together..have the fair tax..a consumption tax
Americans For Fair Taxation: Americans For Fair Taxation
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Old 03-08-2011, 07:16 AM
 
334 posts, read 145,683 times
Reputation: 115
Quote:
Originally Posted by workingclasshero View Post
not bad

here's my ideas:

1. get rid of the liberal globalists 'freetrade agreements like nafta, cafta, ofta ect

2. lower/eliminate the corporate tax (its the highest in the world and is driving jobs away)

3. bring back the import tarriffs(on all imports to include american companies like GE who although HQ'd in CT, make/assemble all their products in mexico and maylasia)

4. eliminate the death tax..why should we tax 2-4 times the same bucks

5. get rid of the progressive income tax all together..have the fair tax..a consumption tax
Americans For Fair Taxation: Americans For Fair Taxation
In response....

1. Yes

2. Same as I suggested regarding tax breaks for corps that employ Americans. We must have an incentive for patriotic business.

3. Oh hell yes.

4. Only below a certain amount. People who hoard wealth are of no benefit to our country. I still believe we need to tax those who hoard. I say "hoard" because after a certain amount it's not saving, it's hoarding.

5. That kook Neil Boortz came up with that. Absolutely not. The lower your income is, the more tax you end up paying. There is nothing "fair" about that. (unless of course you're rich, and only 1% of your income goes to consumption) However, a flat percentage is fair. If you make a dollar, you should pay 10-15 cents.
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