Why the wealthy does not need tax cuts. (minimum wage, school, Illinois)

[pghquest]

Originally Posted by jojajn

That would help. A high tax rate for the wealthy but with a lot of hefty tax deductions for reinvestment in our country.

if a business relocates outside the USA, what jurisidiction does the US Government have to tax them anything over 0?

[pghquest]

Originally Posted by greywar

Feel free to extend that back another 20-30 years.

Cherry picking your arguments just makes you look foolish when someone points that out. Probably should avoid that. Just saying.

it doesnt help your argument one bit...

The effective tax rate on the rich was far lower when the tax rates were far higher..

Note the 1920s in the graph below, when the tax rate was I think 90%..

[greywar]

And as a result of that taxx rate look how their income share went down....then when the rate dropped the 1%'s share went back up.....Thank you for proving my point.

[phma]

If you give up your US citizenship there is a charge of $ 2,000.00 So the corporation should have to pay as well.

[marcopolo]

Originally Posted by Opin_Yunated

Get over yourself and get over money.

Money is made up. It only has intrinsic value by law. There are more things to life than money. Heck, greed and gluttony are sins, yet the holier than thou Republicans endorse greed to the fullest. Hypocrisy.

This is the 21st century. People don't actually give a damn how much money others have. The one's that do end up miserable. It probably explains why the average American male is trending heavily towards fat, broke, overworked, stupid, and angry as hell.

Ummm, I'm endorsing being of service to the rest of society. YOU have the greedy and gluttonous view that wealth ought to be handed to people as some kind of a prize for breathing. Hypocrisy.

And I think that ethic of being useful to others is what keeps me happy and optimistic despite having oodles of money.

[jojajn]

Originally Posted by pghquest

if a business relocates outside the USA, what jurisidiction does the US Government have to tax them anything over 0?

A tax called "tariff."

[JoshGL]

Originally Posted by jojajn

Attachment 138287

Extreme Inequality Chart | The Nation

What about it? For all the complaining I see about inequality I've never seen anyone explain why its such a bad thing. Wealth is not a zero sum asset, its not a loaf of bread. One person having more does not mean you will have less.

[whogo]

Originally Posted by jojajn

You mean the wealth disparity decreases when everyone is poor?

Yes, three men in a lifeboat at sea with no food or water have a very low gini coefficient.

[pghquest]

Originally Posted by greywar

And as a result of that taxx rate look how their income share went down....then when the rate dropped the 1%'s share went back up.....Thank you for proving my point.

The WEALTHY DOES NOT HAVE INCOME..

What part of that do you not understand?

The graph shows how dam wrong you are..

When tax rates were 90%, their effective tax rate was below 10%, as they lowered the tax rate then they moved assets from wealth to income, which got taxed.

[greywar]

Originally Posted by JoshGL

What about it? For all the complaining I see about inequality I've never seen anyone explain why its such a bad thing. Wealth is not a zero sum asset, its not a loaf of bread. One person having more does not mean you will have less.

Here you go:
Richard Wilkinson: How economic inequality harms societies | Talk Video | TED.com