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My feeling is the poverty rate might decline and many people would work harder... or at least hard enough to be considered middle class.
Your feeling? You should be saying your thoughts about it and then giving some justification for why you have those thoughts. You're an adult aren't you? Use your brain and your words.
Feel free to visit countries where there is a large disparity between the rich and poor and tell me if it is a place where you want to live.
It's people's own fault if they want to stay poor and uneducated, causing the highly skilled jobs to become garner higher wages. If this tells me anything it tells me that most people don't have real skills. There are lots of good paying jobs out there but few qualify. Then people complain about how the wages for "rich people" (170k and up) have gone up when in reality these are people who spend a lot of time invested in education or building up their own small business.
Lets set off the conservative lie alarm here.
This post implies, you go out, get skills, there is a job waiting for you, not true.
If everyone gets an MBA will they all be CEOs? No.
If everyone goes out and gets a pharmacy degree, or medical degree, will they all be able to work in those professions? No
If everyone goes out and get "skills" there will inevitably be people with more "skills" still cleaning, working in food services, working as cashiers etc.
A doctor spends more time than most of the people this poster tauts as hardworking. Yet a doctor doesn't make as much as CEOs. Not to mention a doctor bears just as high, if not a higher degree of responsibility. Went through plenty of 36 hour shifts, on call etc.
These people are highly paid because they've found some way to leverage higher pay unjustly. AKA stealing.
And WHAT in that backs up your claim about the "haircut"?
Ken
He has nothing to back it up, of course.
Isn't it funny that the guy who has been continuously wrong about most things in this thread just keeps posting untrue nonsense even after folks like you have quoted IRS rules to him? What does that say about his level of knowledge or his ability to learn from past mistakes?
How about this, lets have people work hard and achieve to their potential:
100% estate tax. Use that money to pay for higher education. You don't advance because mommy and daddy bought your way through life, you advance because of your own merits, your own work and abilities.
Whoa! That's scary! Why would anyone work hard if you're going to take it all away from them in the end?
I know some greedy baby boomers that might disagree, but I kind of thought the point was to do well and pass it on to your kids, and then to their kids, etc... every generation the family should get stronger.
Is that an outdated opinion? Am I the only one that thinks this way?
I'm sorry, Deezus, but I believe that you've got the wrong chart. That one shows wealth distribution, not income distribution. And we tax income, not wealth.
There's nothing wrong with his chart, and there is nothing special and sacred about "wealth" that makes it less taxable than income.
Whoa! That's scary! Why would anyone work hard if you're going to take it all away from them in the end?
If you're dead, you don't need it. You work hard for your own comfort and enjoyment in life, not to create a dynasty.
I know some greedy baby boomers that might disagree, but I kind of thought the point was to do well and pass it on to your kids, and then to their kids, etc... every generation the family should get stronger.
So the point is the wealth gets concentrated in a few people? I'm sure monarchs thought that was the point too. Do well accumulate more resources and then pass it on to their kids and they do the same. Maybe in the case of small business it could work, but even then it should be sold to the offspring, not just given.
Is that an outdated opinion? Am I the only one that thinks this way?
No, I'm sure you are in the same boat as the likes of Paris Hilton, any Wall Street executive's kid who gets daddy to pay his way, not to mention the sons of Qaddafi seem to have that sense of entitlement from what I hear and read about them on the news.
In general it sounds like an entitlement. "My daddy worked hard so I should get a free ride in life." or "My daddy worked hard, so I should get an edge over the competition".
call me a crazy socialist pinko hippie nut, but I think people should have to earn their own way, not get it bought for them because they lucked out and were born into wealth.
So the 35 year-old guy flipping burgers at McDonald's is a job creator and a CFO of a large publicly traded company isn't and he's also a crook? Only in the insane delusions of a leftist
No the CFO isn't, they don't own the corporation. I never said all corporate heads were thieves. These people help run it just like any other worker in a corporation. I invest in corporations, I guess that makes me a job creator too. I would say nice try, but you're way off.
What would happen if you had a puppy mill with 100's of cages of dogs and you didn't feed them for a week then all the sudden opened all the cages and let them all run free into the wild?
Whoa! That's scary! Why would anyone work hard if you're going to take it all away from them in the end?
I know some greedy baby boomers that might disagree, but I kind of thought the point was to do well and pass it on to your kids, and then to their kids, etc... every generation the family should get stronger.
Is that an outdated opinion? Am I the only one that thinks this way?
Umm... you're not the only one. But there is a movement out there that is anti-family unless it's a family that can't reproduce. There are groups of people out there that still call for eugenics practices through abortion (ever wonder why the higher rates of abortions are among the poorest and most ethnically diverse of the population). There are many people out there that see anything that produces CO2 as harmful and must be taken off this planet (including people). There are also groups of people who feel the world will be over populated and somehow the population needs to decrease through any means necessary. And of course you know there are people out there that would wish to see you never achieve anything more than anyone else could, the lowest common denominator.
And that's barely scratching the surface of all the various groups of people that have different view points on family than the traditional work-hard-save-and-pass-it-on-to-your-children type of families.
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