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the rightards say that corporate taxes are always passed onto the consumer. This is wrong (like I said), but I do understand the logic. However, according to that logic, wage taxes on the individual are passed onto the corporation, too, in the form of fewer sales. So we better not tax wages either. We better not tax anybody, ever.
The difference is that y'all think the "welfare class" is just the poor people. I think the welfare class includes the finance, insurance, and real estate industries.
Why? They provide profits for investors, many of which are 401k, IRA, etc., accounts and pension funds, AND they pay corporate taxes.
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You talk about fewer regulations, but what you really mean is fewer regulations on business. Y'all love regulations like FAS157 or the SEC's Net capital rule that allows banks to pretend their assets are worth whatever they want.
Um... no. No one is fooled by the banksters lying about their assets. Everyone knows what a joke that is.
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You talk about lower taxes, and yet the right wanted to raise the most regressive tax on the books, the payroll tax.
How is it regressive? Lower-income Social Insurance program recipients reap much more of a percentage of what they paid into the system than do those of higher income. That's progressive, not regressive.
Then those paying the highest tax rate are far overburdened compared to those who pay none at all. That overburdening is not fair.
That describes your world, not mine. A 10% tax for someone making $20K (and living pay check to pay check) holds a whole lot different meaning than the same rate on someone making $200K (and spending only a part of the income). Most of us should be able to apply this simple reality in our lives. Unless you never made more than you did in your early years.
That describes your world, not mine. A 10% tax for someone making $20K (and living pay check to pay check) holds a whole lot different meaning than the same rate on someone making $200K (and spending only a part of the income). Most of us should be able to apply this simple reality in our lives. Unless you never made more than you did in your early years.
The reality is that taxing at an inequitable rate is what is not fair. A flat tax does NOT hit any particular income group harder than any other. Earn little; pay little. Earn A LOT; pay A LOT. Nothing is more fair than that, even though high income earners would STILL be paying the lion's share of the taxes and subsidizing virtually everyone else.
The reality is that taxing at an inequitable rate is what is not fair. A flat tax does NOT hit any particular income group harder than any other. Earn little; pay little. Earn A LOT; pay A LOT. Nothing is more fair than that, even though high income earners would STILL be paying the lion's share of the taxes and subsidizing virtually everyone else.
What part of my argument differentiating your world from mine did you get?
I include the FIRE industries in the welfare class because their access to new money from the Fed siphons purchasing power off from the rest of America. You also have Fannie Mae and Freddie Mac, which exist to absorb the private sector's mortgage banking losses.
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Um... no. No one is fooled by the banksters lying about their assets. Everyone knows what a joke that is.
It's not a matter of fooling anyone; with artificially priced assets, they can take extra risks, which are ultimately borne by the taxpayer.
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How is it regressive? Lower-income Social Insurance program recipients reap much more of a percentage of what they paid into the system than do those of higher income. That's progressive, not regressive.
The SS payout is progressive. The payroll tax is regressive because it is a welfare system where all incomes over $106,000 are exempted from taxation.
In other words, the people at $100k/year are contributing more of their incomes to this welfare system than people at $300k/year.
What part of my argument differentiating your world from mine did you get?
In your world, you want to overburden some taxpayers. In my world, I'm agreeing to some taxpayers paying MUCH more than others as long as all are paying the same RATE.
Absolute equality in taxes would require a capitation tax (head tax), in which everyone pays the SAME AMOUNT. Would you prefer that? It's absolutely fair. Everyone shares the cost, equally. Given such, it's quite clear that you do not support fairness, at all.
I include the FIRE industries in the welfare class because their access to new money from the Fed siphons purchasing power off from the rest of America. You also have Fannie Mae and Freddie Mac, which exist to absorb the private sector's mortgage banking losses.
Actually, they exist to provide home loans to the low-income and the credit unworthy.
The payroll tax is regressive because it is a welfare system where all incomes over $106,000 are exempted from taxation.
But benefits are also capped, so your point in that regard is moot.
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