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Old 11-25-2017, 01:47 PM
 
Location: Buckeye, AZ
25,402 posts, read 14,492,810 times
Reputation: 9206

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Because it won't increase jobs and the corporate tax rate isn't contingent on job creation as it should be. The rich and corporations will just take it and not invest.
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Old 11-25-2017, 01:47 PM
 
62,362 posts, read 27,757,678 times
Reputation: 7863
Quote:
Originally Posted by MongooseHugger View Post
Why would I want to make more only for the government to take more and waste it, with loads of it ending up in bureaucrats's pockets? Heck, if I made enough, I'd want it to go overseas and might go overseas with it if the taxes got high enough.
A lot of us have just gone Galt. No more high income to overtax, so that tax revenue is... POOF!... gone.
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Old 11-25-2017, 01:51 PM
 
3,700 posts, read 2,485,824 times
Reputation: 2614
It's giving a sting to the upper middle class, but helping some of us in the lower middle class. So whatever.

The upper middle class has made renting super hard. So I have no sympathy for those making 200K anymore. Stop trying to pretend you are "middle class" there is no more middle class. there's poor, working class, rich, and wealthy. Those in the 150-200 class are just a bunch of wannabes of the rich while trying to maintain like they are part of the working class. No, *********. Time to pay up.
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Old 11-25-2017, 02:14 PM
 
Location: Colorado Springs
3,786 posts, read 1,464,109 times
Reputation: 2894
Quote:
Originally Posted by FatBob96 View Post
Hogwash.

Everyone paying the same percentage of their income doesn't "penalize" anyone.
Jon makes 200,000 a year and pays 20,000 in tax Josh makes 20,000 a year and pays 5000 a flat tax hurts josh far more than jon.
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Old 11-25-2017, 02:18 PM
 
3,700 posts, read 2,485,824 times
Reputation: 2614
quote:

Jon makes 200,000 a year and pays 20,000 in tax Josh makes 20,000 a year and pays 5000 a flat tax hurts josh far more than jon.


Not when Josh has made children with scrubs that get their rent, food, and medical bills paid for. Seriously. It works out better for scrubs in the end.
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Old 11-25-2017, 02:20 PM
 
Location: Colorado Springs
3,786 posts, read 1,464,109 times
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Quote:
Originally Posted by Aquarius37 View Post
quote:

Jon makes 200,000 a year and pays 20,000 in tax Josh makes 20,000 a year and pays 5000 a flat tax hurts josh far more than jon.


Not when Josh has made children with scrubs that get their rent, food, and medical bills paid for. Seriously. It works out better for scrubs in the end.
Oh good at least some help is being given to him then. Of course the insane right wingers will try to gimp the poor by taking away all of those programs. You just proved my point though flat tax is good for the wealthy and bad for the poor thats why the right wing supports it they want the poor to suffer as much as possible.
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Old 11-25-2017, 02:22 PM
 
3,700 posts, read 2,485,824 times
Reputation: 2614
i don't even give a crap anymore and hope our entire planet gets blown up. this **** has gotten AWFUL and as someone who isn't a breeder, I no longer care and just laugh.
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Old 11-25-2017, 02:26 PM
 
Location: Columbia, SC
16,423 posts, read 9,276,427 times
Reputation: 6172
Quote:
Originally Posted by MongooseHugger View Post
I don't see, except for governmental wealth redistribution, how taxing the rich more helps liberal voters any more than taxing them less. If they claim the rich are paying less taxes than they are, why don't they advocate, instead of having the rich pay more, that they themselves should pay LESS? Or they could advocate that everyone pays a flat rate (say 10-15% for everyone, regardless of income).
Tax cuts for the rich are fine, but not when it adds $1-1/2 trillion to the deficit. Taxes are levied to pay the country's bills. When the bills are paid, cut taxes all you want.
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Old 11-25-2017, 02:40 PM
 
Location: Sector 001
7,129 posts, read 5,944,806 times
Reputation: 8042
Quote:
Originally Posted by mkpunk View Post
Because it won't increase jobs and the corporate tax rate isn't contingent on job creation as it should be. The rich and corporations will just take it and not invest.
Pretty much this. As a moderate I have to admit that trickle down really doesn't work as well as the right suggests. It works somewhat, but a graduated income tax makes more sense. When it comes to economics the best way to stimulate the economy is to get that money to the hands of the middle class so it trickles back up and goes into the economy rather than sitting in a bank as a computer entry somewhere or in some overpriced stock market equity or bond.

As far as paying down the debt, with fractional reserve banking and a debt based currency, debt is money, money is debt, so the debt will never really ever go down for any length of time. The best we can do is keep rates near zero so that the interest money which doesn't really exist doesn't accumulate too fast causing another bust.

"The only place borrows can go to pay back the interest is the economy's general overall money supply, but almost all that money supply has been created the same way.. as bank credits that have to be paid back with more than was created. It's clearly impossible to pay back the principle plus interest because the interest money doesn't exist. It's only the time lag between money's creation as debt and the need to repaid that keeps the overall shortage of money from catching up and bankrupting the entire system."

Last edited by stockwiz; 11-25-2017 at 02:49 PM..
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Old 11-26-2017, 05:53 AM
 
13,760 posts, read 4,072,270 times
Reputation: 5020
Quote:
Originally Posted by MongooseHugger View Post
I don't see,
Of course you don't.The left oppose them becuase the middle class and the poor will have to make up the difference and they are not stupid.The republicans are taking from the poor to give to the rich!
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