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The top 10% of earners are already paying about 70% of the tax revenue. How much more is it going to take before you're satisfied? 80%? 90%? You want the top 10% to just pay all of the taxes? Just what amount do you consider to be "their fair share"?
It depends on the services that people demand. Since they have to be financed in some manner (and they do, even when accounting for debt), then that money has to come from somewhere, and the principle of turnips not having much blood in them makes taxing the lower classes pretty unrealistic, so...
If requiring voter ID is racist, so is this ridiculous tax system. What % of the top 10% of earners are white? Unfairly and disproportionately affects them.
If requiring voter ID is racist, so is this ridiculous tax system. What % of the top 10% of earners are white? Unfairly and disproportionately affects them.
The tax/income data also shows that that the top 10% earn more than half of all income.
That's the highest level in more than a decade; in other words it hearkens back to the robber-baron era. And some economists are projecting their share of all income will soon rise to 60%.
So the question is, which do we address: the income inequality or the tax inequality? Or both? And how?
If we address the tax side to drop the 10%'s tax share to equal their 50% share of income, are you proposing the resulting 18% tax revenue shortfall then be shifted to the lower 90% of earners?
And when the top 10%'s income haul increases to 60%, are you saying that the bottom 90% of earners should then pick up the tax slack even more, to make up for the top 10%'s increase in earnings, when their own share of earnings drops to 40%?
I don't know what the answer is but I'm inclined to think that income inequality is possibly the bigger problem, simply for the reason that it hits 90% of earners/taxpayers, while tax inequality hits only 10%.
Last edited by biscuitmom; 01-15-2015 at 12:10 AM..
why is it that the left looks at the rich as some sort of bank they can constantly withdraw money from?
The top 1% own the bank, the top 10% make the withdrawals.
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if things keep going the way they are, at some point we will have the very rich, and the rest of the country being poor, and very little or no middle class. demanding more and more from the top earners is not a sustainable model.
Middle class is already history. Larger and larger shifts of income from the bottom 90% to the top 10% aren't sustainable either.
why is it that the left looks at the rich as some sort of bank they can constantly withdraw money from? and why is it that the left keeps demanding the rich constantly pay more, and then turn around and say they want "fairness"?
if things keep going the way they are, at some point we will have the very rich, and the rest of the country being poor, and very little or no middle class. demanding more and more from the top earners is not a sustainable model.
Nice try, but the amount they pay now is far lower than in the past.
90% taxes on all income above $1,000,000/yr sounds reasonable to me.
I don't see the logic or morality of that. I'd rather the national debate have continued over the expiration of the Bush tax cuts, iow where within the 35-39% range should the top tax fall.
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