Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The only effective way to tax the rich is through a universal, inescapable sales tax. They can avoid any kind of income tax, but they still spend money. That is why we won't ever see that approach in the US. The rich like it the way it is now.
The rich have never had it so well this century.
Anyway, tax wealth and you tax the rich. Simply patch up Estate Tax loopholes, tax capital gains as regular income, and institute a "Buffet rule" tax bracket for the uber-rich.
Anyway, tax wealth and you tax the rich. Simply patch up Estate Tax loopholes, tax capital gains as regular income, and institute a "Buffet rule" tax bracket for the uber-rich.
Do you hate the rich because you have no money? I'm just trying to understand your motivation. Perhaps building yourself up would work better than tearing others down?
The principles of free inheritance and property accretion you're advocating are everything America was created to stand against. As an American, I say "fie!" to your tyrannical monarchism.
So do you think a parent sacrificing in order to build a successful "factory"/acquire land that his/her family inherits is un-American, undemocratic, tyrannical...? Just trying to understand your thinking process here.
Basically every other first world country does this far better than we do.
Most people are more worried about avoiding their crackhead uncle and local gangs, or whether they'll get a full dinner that night, than they are about their math homework. And who can blame them?
(Answer: self-righteous internet libertarians)
Besides, it's literally impossible for everyone to get into a top university. That's like the musical chairs logical fallacy, where instead of putting out enough chairs for everyone you say "anyone can sit if they just run fast enough!" without regard to the fact that even if the slowest person is running a 4 minute mile pace they still can't sit down. And conservatives will blame the victim for not running fast enough.
Perhaps you had a crackhead uncle or are a crackhead uncle... but most people in the US don't have crackhead uncles. Plenty do, but certainly not most.
I believe that Unemployment's point was to work hard and make smart decisions. Go to a top university or don't. If you don't, then learn a trade (which he/she mentioned). But don't shell out money for a university that doesn't provide you unique top quality value.
Anyway, tax wealth and you tax the rich. Simply patch up Estate Tax loopholes, tax capital gains as regular income, and institute a "Buffet rule" tax bracket for the uber-rich.
And more loopholes will magically appear... Most people do not understand/are not motivated enough on how to build wealth so they will not have the access/attention of politicians, lobbyists, estate attorneys, tax accountants... and are unlikely to have the expert support, chameleon-like adaptational ability, and strategical thinking skill of the global elite, who will undoubtedly be one step ahead in wealth tax preparedness. If you can't beat them, try to join them is often sage advice.
So do you think a parent sacrificing in order to build a successful "factory"/acquire land that his/her family inherits is un-American, undemocratic, tyrannical...? Just trying to understand your thinking process here.
Why should any child receive a massive, unearned advance because of what their parents did (or their parents' parents' parents did)? When the term meritocracy was coined, it was actually meant as a very negative and detrimental idea. It was not about rewarding people for what they do, but about the creation of a perpetual aristocracy of those who receive better educations, better job opportunities, etc... by virtue of their families' vastly superior ability to invest in education and a better environment. In other words, meritocracy is the resurrection of a "justified" nobility within a supposedly free society.
So, while I am not the poster, I would say that building something for the purpose of inheritance is definitely undemocratic and tyrannical. Conversely, it is quite American.
Anyway, tax wealth and you tax the rich. Simply patch up Estate Tax loopholes, tax capital gains as regular income, and institute a "Buffet rule" tax bracket for the uber-rich.
Loopholes are hurting this nation. Mortgage interest deductions, tax deductions for dependents, capital gains exceptions for sale of home, etc.... it's a mess.
The capital gains vs regular income is a more complex issue. I do think that capital gains should be taxed at the same rate as regular income. But in order to do so, corporate taxes would have to be eliminated. And that's a long uphill battle.
Why should any child receive a massive, unearned advance because of what their parents did (or their parents' parents' parents did)? When the term meritocracy was coined, it was actually meant as a very negative and detrimental idea. It was not about rewarding people for what they do, but about the creation of a perpetual aristocracy of those who receive better educations, better job opportunities, etc... by virtue of their families' vastly superior ability to invest in education and a better environment. In other words, meritocracy is the resurrection of a "justified" nobility within a supposedly free society.
So, while I am not the poster, I would say that building something for the purpose of inheritance is definitely undemocratic and tyrannical. Conversely, it is quite American.
Because a parent can do what they want with their earned money/assets - they can give the bulk of it to a child, or to a charity, or to their pet poodle Fifi. What did the poodle or charity do to 'deserve' the money?
Also, what is your definition of undemocratic/tyrannical? Tyrannical power is cruel and oppressive. Several generations of family owning a prosperous factory that successfully employs many locals and promotes economic growth does not fit the definition of "tyrannical" for me.
If a rural doctor mentors his/her children to take over his/her practice and then the grandchildren eventually take it over - is that also tyranny because the children and great grandchildren had "unearned advance?" What about the Olympian who, like his Olympian parents and grandparents, was born with a gene that allows more efficient use of body oxygen - Is that not also "massive, unearned advance" because of parents?
sell something to the stinking rich as op calls them; that is now they got stinking rich.
It is much easier just to complain about them.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
