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so your left wing mantra is to tax the middle class like me, so we can make the big dogs pay. sounds to me like more of share the wealth, even if it includes hurting the small guys.
No, when you reverse the Bush redistribution of wealth, it results in wealth moving from the top of the scale down to the other levels below. The rich need to go back to paying a larger share of the tab so that you can go back to paying a smaller one. You actually need the money and will very likely spend it quickly on stuff you actually need. That increases demand, increases velocity, and increases utility. Win, win, win. The rich will get by, believe me. In fact, they will still be rich.
Quote:
Originally Posted by aliveandwellinSA
google how many in the US are in the stock market, you think they are all rich?
Go ahead...bite the hand that's trying to feed you. That makes sense...
No, when you reverse the Bush redistribution of wealth, it results in wealth moving from the top of the scale down to the other levels below. The rich need to go back to paying a larger share of the tab so that you can go back to paying a smaller one. You actually need the money and will very likely spend it quickly on stuff you actually need. That increases demand, increases velocity, and increases utility. Win, win, win. The rich will get by, believe me. In fact, they will still be rich.
Go ahead...bite the hand that's trying to feed you. That makes sense...
really not sure what you are arguing about. If you want to increase taxes on the ultra rich thats fine with me,
I am simply saying many in this country have capital gains that are not the ultra rich or anywhere close to it.
If that is your desire then figure out how not to hurt the peons like me.
$ limitations, based on incomes, but remember cap gains are a flat rate, not based on gross incomes whether derived from w-2's or 1099's, so anyone even if they make $10,000 a year pay the same % on the gain.
you seem to think anyone that has a cap gain is rich and very far from the truth
No, when you reverse the Bush redistribution of wealth, it results in wealth moving from the top of the scale down to the other levels below. The rich need to go back to paying a larger share of the tab so that you can go back to paying a smaller one. You actually need the money and will very likely spend it quickly on stuff you actually need. That increases demand, increases velocity, and increases utility. Win, win, win. The rich will get by, believe me. In fact, they will still be rich.
Go ahead...bite the hand that's trying to feed you. That makes sense...
So everyone is entitled to the rich's money? Why don't people just work harder to become wealthy on their own?
No one is entitled to other people's hard earned money.
so being middle class and exercising personal responsibility all my life, I should just redistribute it as someone else sees fit?
seems like too many just want what others have saved and worked towards all their lives. I am talking about middle classers like myself, no the ultra rich.
You missed my point. It's about the economy of the nation, not anyone's personal finances.
Being middle-class, you should not see tax hikes, or at least not any substantial hikes. The rich not only have plenty of disposable income, they control virtually all the capital. Capital is useless without customers. Those customers are you and me. It's simple to deduce that if the investment class wants to sell goods, we need enough money to purchase these goods. That leaves the investment class to share a larger burden in paying the nation's bills.
You missed my point. It's about the economy of the nation, not anyone's personal finances.
Being middle-class, you should not see tax hikes, or at least not any substantial hikes. The rich not only have plenty of disposable income, they control virtually all the capital. Capital is useless without customers. Those customers are you and me. It's simple to deduce that if the investment class wants to sell goods, we need enough money to purchase these goods. That leaves the investment class to share a larger burden in paying the nation's bills.
I completely agree. But thigher taxes are coming our way, and I mean what some here do not seem to understand, are going to increase, like my cap gains argument above.
Many with those gains are not rich, simply trying to invest which supports the economy in many ways.
I completely agree. But thigher taxes are coming our way, and I mean what some here do not seem to understand, are going to increase, like my cap gains argument above.
Many with those gains are not rich, simply trying to invest which supports the economy in many ways.
Agree completely. I was only presenting a theoretical argument. Most people have no clue on how economies operate. All they know is taxes go up, taxes go down, prices go up, prices go down. This is why people are easily persuaded by politicians.
the philosophy is everyone without money or wealth needs to just sit around waiting for the redistribution.
I don't think many people feel that way, though I'm sure there are some. Virtually everyone I've known works for a living.
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