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Old 08-15-2011, 07:38 AM
 
Location: Austin
30,422 posts, read 17,811,258 times
Reputation: 8598

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Quote:
Originally Posted by MTAtech View Post
I
What I find fascinating is the need for ordinary middle-class people to defend the tax advantages of the rich, even when the second richest guy admits how unfair it is.

Maybe it's because they believe our government is already too big and doesn't need more money. More revenue just makes government bigger and more powerful at the expense of freedom.

And maybe they believe (as history has shown) that increasing taxes on the upper segment usually also increases taxes on all other segments.

And maybe it's because Obama has defined "rich" as anyone earning over $250k, and lot's of ambitious people making less than that now believe they will get there.
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Old 08-15-2011, 07:39 AM
 
Location: Raleigh, NC
20,003 posts, read 16,484,689 times
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For supposedly being well educated, progressives can't seem to grasp the concept that higher taxes and regulations actually benefit corporations.

Chess, not checkers.
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Old 08-15-2011, 07:39 AM
 
22,770 posts, read 27,519,024 times
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Quote:
Originally Posted by theunbrainwashed View Post
And as soon as you start taxing wealth, they'll just move their money offshore or buy another country's citizenship like, ohhh I don't know, Monaco's or Singapore's?
that isn't what happened in Switzerland, or the Netherlands, or Luxembourg, or Norway.

Quote:
So, either way, the billionaires are going to escape taxes no matter what you do, and the only thing you've just accomplished is made it harder for ordinary people to move up the economic ladder in this country, which is what the oligarchs want!
so you think a system where we tax wages instead of wealth, helps people build wealth?

that seems backwards to me. Seems to me like if you taxed wealth, but let people KEEP 100% of their own wages, you'd allow average people to build wealth.

if you tax wages, but don't tax wealth, then you're just preserving the wealth for the people who are already wealthy.
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Old 08-15-2011, 07:40 AM
 
25,058 posts, read 24,560,432 times
Reputation: 11709
Quote:
Originally Posted by dman72 View Post
The extent middle class suckers will go to in order sound like their talk radio heroes is absolutely staggering. The people you support in congress and running for President have all pledged to not raise taxes one penny on people no matter how wealthy they are out of the completely bogus and flawed logic that not doing so will create jobs.

It's nice to know who you carry water for out of hope that your pathetic no money down real estate schemes or buying into Glenn Becks gold scam will some day make you a millionaire. Now go throw the words Socialist and Liberal around a few more times because Rush told you that's cool. What a bunch of losers you are doing the corporatists dirty work for them.
I don't listen to Rush more than once a week, and even that is a stretch. I'm against taxing people that made it up the economic ladder. THe fact of that matter is, you are being bamboozled and not even knowing it. There's only two kind of people in this world. Us, and the oligarchs and I got news for you. The millionaires are NOT the oligarchs
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Old 08-15-2011, 07:40 AM
 
4,741 posts, read 3,805,472 times
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Quote:
Originally Posted by theunbrainwashed View Post
Wow, one of the most insightful posts I've read in this topic
Actually, it is...if you would just think.
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Old 08-15-2011, 07:40 AM
 
Location: Austin
30,422 posts, read 17,811,258 times
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Quote:
Originally Posted by workingclasshero View Post

his secretary earns 60k and pays nothing in federal income tax

How can she do that?
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Old 08-15-2011, 07:42 AM
 
22,770 posts, read 27,519,024 times
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Quote:
Originally Posted by summers73 View Post
For supposedly being well educated, progressives can't seem to grasp the concept that higher taxes and regulations actually benefit corporations.
well you're oversimplifying the issue. it depends on what the regulation is, and what the tax is.
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Old 08-15-2011, 07:43 AM
 
Location: Raleigh, NC
20,003 posts, read 16,484,689 times
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Quote:
Originally Posted by le roi View Post
well you're oversimplifying the issue. it depends on what the regulation is, and what the tax is.
For example, the EPA benefits GE, ExxonMobil and GM.
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Old 08-15-2011, 07:45 AM
 
22,770 posts, read 27,519,024 times
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Quote:
Originally Posted by summers73 View Post
For example, the EPA benefits GE, ExxonMobil and GM.
that may be partially true, but it doesn't validate your point, since it's also partially untrue.

i know you think you're "really onto something" here, but like I said, you're oversimplifying the issue. It's like saying "laws benefit ExxonMobil." It's true, but it doesn't mean laws can't also hurt ExxonMobil.
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Old 08-15-2011, 07:47 AM
 
16,546 posts, read 12,097,643 times
Reputation: 4234
Quote:
Originally Posted by zoomzoom3 View Post
I really don't think anyone in their right mind thinks $100K/yr. is rich. Buffett doesn't give an exact figure, but he's probably referring to anyone with an income of $10,000,000/yr. or more.

He is right I think, he doesn't worship his wealthy peers, or "so-called job creators" like most of CD does. He realizes they're people too & that they're no better than anyone else due to their income or net worth.
Too bad Buffet hides most of his earnings from the government.
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