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Good luck trying to get an unemployed American to feel the pain of a half-BILLIONAIRE.
And this is why your plan is so terrible.
If it can not respect the rights of a "rich" individual, then it certainly will not respect the rights of a "poor" one. Individual liberties are not conditional, yet you are treating them as such with your tax plans. A persons worth should never be a consideration for such things. We did such before by making the assumption that ones worth is what defined their value. You are simply reversing it and applying it.
If it can not respect the rights of a "rich" individual, then it certainly will not respect the rights of a "poor" one. Individual liberties are not conditional, yet you are treating them as such with your tax plans. A persons worth should never be a consideration for such things. We did such before by making the assumption that ones worth is what defined their value. You are simply reversing it and applying it.
It suits the progressive agenda to manage people as classes rather than see them as individuals.
It is a mostly a moral issue, to me. The people who have nothing have a tremendous amount to gain in terms of well-being, while the rich do not.
Now if you don't find morality compelling, if you prefer a more practical view -- it prevents the poor from rising up violently against the rich, and/or overthrowing society.
You also have the issue: what blend of these two ideas creates the most wealth? You contrasted a purely capitalist system against a purely communist system, but those aren't the actual choices we're facing. In reality, the USSR had perestroika, and the U.S. has had plenty of "socialist" ideas that led to more wealth creation. The trick is finding the right balance for stability and the creation of wealth.
Yes, and that balance is socialism in the family, capitalism everywhere else.
Yes, and that balance is socialism in the family, capitalism everywhere else.
Yup, and "the family" is the finance industry, which is the #1 group who has evaded their taxes for the past decade or two, or three.
A wealth tax would hit the finance industry where they can feel it, and free up people to save their wages, so they can start their own businesses without having to borrow money from the bankers.
These people would be the true job creators, not the rentier bankers with a direct pipeline to the treasury.
Yup, and "the family" is the finance industry, which is the #1 group who has evaded their taxes for the past decade or two, or three.
A wealth tax would hit the finance industry where they can feel it, and free up people to save their wages, so they can start their own businesses without having to borrow money from the bankers.
These people would be the true job creators, not the rentier bankers with a direct pipeline to the treasury.
Anti-Yup - the family is Ma, Pa, Sis and Bro (in "Hillbilly" - closely related to "peasant").
And under which provision of the Constitution is such a tax authorized, or, don't you believe in the Constitution and the concepts of limited and distributed government it provides for (despite perversions of past trespassers to said ideals).
Good luck trying to get an unemployed American to feel the pain of a half-BILLIONAIRE.
Good luck trying to fund UE benefits once all the half-a-billionaires refuse to pay $5M in net worth taxes + whatever else the other 8% in taxes adds up to (plus state income taxes, property taxes, etc) and becomes a Bahamian citizen.
Anti-Yup - the family is Ma, Pa, Sis and Bro (in "Hillbilly" - closely related to "peasant").
And under which provision of the Constitution is such a tax authorized, or, don't you believe in the Constitution and the concepts of limited and distributed government it provides for (despite perversions of past trespassers to said ideals).
No, I don't believe in, or care much about, the U.S. constitution.... or the Bible.
Blasphemy, I know.
Quote:
Originally Posted by TurtleCreek80
Good luck trying to fund UE benefits once all the half-a-billionaires refuse to pay $5M in net worth taxes + whatever else the other 8% in taxes adds up to (plus state income taxes, property taxes, etc) and becomes a Bahamian citizen.
Well I wish them luck on their piece of sand in the carribean. They might learn to appreciate America.
Hell, if the millionaires start moving, that means they have to liquidate their holdings in the U.S. That means that assets become cheaper, and it makes it easier for working people like me to afford land, stock ownership, etc.. sounds OK to me. It is not like we would be losing anything that makes America great.
No, I don't believe in, or care much about, the U.S. constitution.... or the Bible.
Blasphemy, I know.
I would use a more appropriate term - stupidity!!!!
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