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If you should win, will you voluntarily give 90% to the US Treasury to help pay down the debt? After all, no one needs that much money, and you could live quite comfortably on $40 million.
Would you also NOT hire accountants in order to take advantage of current tax laws? For instance, would you refuse to pay the capital gains tax rate on investment income of 15% and voluntarily pay 35%?
Are you principled enough to start a business (regardless of profit) and pay "fair wages", full benefits, pensions and unionize?
If you should win, will you voluntarily give 90% to the US Treasury to help pay down the debt? After all, no one needs that much money, and you could live quite comfortably on $40 million.
Would you also NOT hire accountants in order to take advantage of current tax laws? For instance, would you refuse to pay the capital gains tax rate on investment income of 15% and voluntarily pay 35%?
Are you principled enough to start a business (regardless of profit) and pay "fair wages", full benefits, pensions and unionize?
I doubt it.
So, basically, you are offering a scenario in which I receive $40 million dollars for doing nothing?
What a straw man thread, which presumes that progressives believe that there should be a maximum amount of wealth one should have. This thread only proves that the OP doesn't know what progressives believe.
Progressives believe there should be a marginal tax system where rates increase as total income rises. It has nothing to to with what s being asserted.
Progressives believe there should be a marginal tax system where rates increase as total income rises. .
Why?
Just cuz?
Imagine a country not in debt. You would still advocate this?
Just cuz?
You people talk about revenue problems when what we really have is a spending problem.
And you don't really have a good reason for a radically progressive tax system besides, "Oh, they can afford it." You don't just do something because you can or just because people can bear it.
You have to have an actual good reason.
No, if you really look at the numbers instead of parroting right-wing talking points, you will see that the economic downturn reduced tax revenue by hundreds of billions and the same downturn also caused more automatic spending on Medicaid, unemployment insurance and other social services. It sounds like you want to cut unemployment insurance payments as the number of unemployed rises, which makes no sense.
Why?
Just cuz?
Imagine a country not in debt. You would still advocate this?
Just cuz?
You people talk about revenue problems when what we really have is a spending problem.
And you don't really have a good reason for a radically progressive tax system besides, "Oh, they can afford it." You don't just do something because you can or just because people can bear it.
You have to have an actual good reason.
No, if you really look at the numbers instead of parroting right-wing talking points, you will see that the economic downturn reduced tax revenue by hundreds of billions and the same downturn also caused more automatic spending on Medicaid, unemployment insurance and other social services. It sounds like you want to cut unemployment insurance payments as the number of unemployed rises, which makes no sense.
The idea that the progressive tax system is a radical new invention, when it has been the accepted tax policy for 100 years just shows how off the deep end the right- wing as gone.
I don't need to justify why progressive tax systems are good ideas. That battle as been fought and won decades ago.
I seriously doubt that you would voluntarily give away 90%.
Get real.
Which is why making up hypotheticals is so satisfying (and pointless), nobody can prove you wrong.
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