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Well this discussion is about the US. What do we care about taxes in other countries ?
It provides a model for other possibilities of how taxation can work.
Hell, the guy said, "You cannot tax wealth." I explained that you can, and named some countries that DO. Now y'all want to know, "what do these countries have to do with anything?"
Somebody had better tell that to Switzerland, France, Liechtenstein, the Netherlands, Norway, and India, because they tax wealth. Russia and the UK are debating the idea.
We are talking about the United States so the debate is restricted to OUR tax policy.
If someone wants to introduce an accumulated wealth tax then that would be a new discussion. Most wealth was already taxed when it was originally earned.
I really think the probelm here is really the distribution of wealth and the unavailabilty to acheive it like before. The disparity of wealth has never been this great since the great depression. It is easy to blame the wealth as they get progessively wealthier each decade, meanwhile the poor have become worst due to the increased cost of living (medical, food and transportation). even those who are working are pretty much are doing it from paycheck to paycheck. In a sense they are just surviving.
When people realize that bankers and wall st have made billions off of the ignorance of the people with bad loans and mortages and got away scott free. This on top of it all we are all bickering over which party did what to whom, not understanding that because of a lack of understanding on how the financial (or political) process works we are pretty much helpless to prevent something that has been going on for years. The only exception this time is that it is on a gobal scale now and there is nowhere to hide. We all have no one to blame but ourselves, we spend so much time watching useless reality shows and sport events and have no idea how or who actually runs this country hint: the lobbist do. Whem the S.C let contributions to politicians go unlimited and unchecked that should have been the red flag for everyone, but instead most of us were too busy watching "Housewives of I don't give a damn" or "I wish that I was a basketball players wife" instead of protesting the ruling.
We are talking about the United States so the debate is restricted to OUR tax policy.
If someone wants to introduce an accumulated wealth tax then that would be a new discussion. Most wealth was already taxed when it was originally earned.
First you say we "can't tax wealth"
then when I show you that indeed, we can, you decide that it is off topic.
[b]ALL OF THOSE TAXES JUST GET PASSED ON TO THE MIDDLE CLASS IN HIGH PRICES...
You work with some really bizarre tax theories.
High prices the middle class pays is due to fractional reserve banking / QE / bailouts, in a broad sense, the capital flows from the Fed to the private banking system. They do things like bid up the cost of commodities, or drain the value of the dollar with the carry trade, instead of using that capital to hire people.
Location: Just transplanted to FL from the N GA mountains
3,997 posts, read 4,142,915 times
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Quote:
Originally Posted by Cletus Awreetus-Awrightus
It's not my fault if you can't pay your taxes.
No... I pay taxes... a boat-load! I said, I wouldn't be able to pay the tax if you tax net worth... Do you even know what a net worth statement looks like? Every bit of equity in your home, the value of your cars, technically, it should even be the value of every one of your possessions is part of your net-worth.
But, I'll bet that you only want certain people taxed on net worth. Only those you feel should be taxed, cause we all know that it's not FAIR that we would dare tax the life-long welfare family down the street who's car is nicer than mine, because they can't "afford" the additional tax right?
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