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The rich benefited from the horrific policies of the village idiot. Stands to reason that they should bear the brunt of the tax burden to aid the recovery and undo the mistake.
That "village idiot" is still creating horrific policies that are killing the economy....his name is obama.
When did a change in the tax code gain the label of "redistribution of wealth", never heard the phrases used when the top marginal rate was 91%, 71%, even 50% back in the 80's.
Now a 4% change in the top rate to 39% is a redistribution of wealth - seems like the redistribution already occured, this would just be a correction back towards the norm.
I do not care about the redistribution but I do believe the wealthy receive more protection from the government than the poor and should pay the cost of this protection. They have the most to lose. I suggest and Income tax on all income from all sources with a deductable set at the 90th percentile. Then set the rate to cover current expenses plus paying down 10% of the deficit every year.
I do not care about the redistribution but I do believe the wealthy receive more protection from the government than the poor and should pay the cost of this protection. They have the most to lose. I suggest and Income tax on all income from all sources with a deductable set at the 90th percentile. Then set the rate to cover current expenses plus paying down 10% of the deficit every year.
I'm sure there are a few individuals lacking morals who would agree with this plan.
The rich benefited from the horrific policies of the village idiot. Stands to reason that they should bear the brunt of the tax burden to aid the recovery and undo the mistake.
I'm proud of you, I didn't think you were physically capable of insulting Obama like that.
FDF why do you call me immoral because I propose a distribution of taxes based on the amount of wealth being protected by government? What is immoral about that?
In his first year, Allende also employed Keynesian measures to hike salaries and wages, thus pumping up the purchasing power of the middle and working classes. This "consumer revolution" benefited 95 percent of the population in the short run because prices were held down and employment went up. Producers responded to rising demand by employing previously underused capacity.
Utopia here we come!
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During the second and third years of the UP, demand outstripped supply, the economy shrank, deficit spending snowballed, new investments and foreign exchange became scarce, the value of copper sales dropped, shortages appeared, and inflation skyrocketed, eroding the previous gains for the working class. A thriving black market sprang up. The government responded with direct distribution systems in working-class neighborhoods. Worker participation in the management of enterprises reached unprecedented proportions. The strapped government could not keep the economy from going into free fall because it could not impose austerity measures on its supporters in the working class, get new taxes approved by Congress, or borrow enough money abroad to cover the deficit.
Well that was quick... How could that have happened so quick?
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The government of President Richard M. Nixon launched an economic blockade conjunction with U.S. multinationals (ITT, Kennecott, Anaconda) and banks (Inter-American Development Bank, World Bank). The US squeezed the Chilean economy by terminating financial assistance and blocking loans from multilateral organizations. But during 1972 and 1973 the US increased aid to the military, a sector unenthusiastic toward the Allende government. The United States also increased training Chilean military personnel in the United States and Panama.
Ohhh... Stop subsidizing the socialist lifestyle and refuse to do business with them. Dream over. While you/'re at it kill their leader and install a puppet government.
...seize property, organize and control the means of production, seize commodities, assign military forces abroad, institute martial law,
seize and control all transportation and communication, regulate the operation of private enterprise, restrict travel, and, in a variety of ways, control the lives of United States citizens.
When did a change in the tax code gain the label of "redistribution of wealth", never heard the phrases used when the top marginal rate was 91%, 71%, even 50% back in the 80's.
Now a 4% change in the top rate to 39% is a redistribution of wealth - seems like the redistribution already occured, this would just be a correction back towards the norm.
FDF why do you call me immoral because I propose a distribution of taxes based on the amount of wealth being protected by government? What is immoral about that?
47% of those surveyed say yes, the government should redistribute wealth through heavy taxes on the rich.
This is very interesting because I believe the official figure is about 47% of all people pay no federal income tax, whatsoever. Even more interesting is that this demographic is more likely to consume government services. So basically you have the government taking from one group and giving to another, yet the recipient class consistently clamors that they want even more from the productive class, and that the productive class is greedy and selfish for wanting to keep the spoils of their own labor. The productive class is shrinking by the day, and the recipient class is getting bigger and bigger. What will happen when there's no more worker bees left to carry everyone else on their back?
I would like you to cite the provision in the Constituition that authorizes such an action.
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The Socialist Dream!
