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The rules on this board do not allow me to call another poster stupid . 90 % of Americans still have jobs , do you think they come from the people in the housing projects ?!?
If your thinking that unemployment can't get any lower your wrong. The rich will work or invest even less if they are going to be penalized even more with more taxes .
The rich will close their business and live off of what they earned and saved in past years .
when profits are way up, it means they are NOT paying people to work, they have CUT jobs not HIRED people, but are still doing business. They have fired people, outsourced or robotized, and/or overpriced their services to a bunch of overpaying chumps. BTW, really rich people are already living off WHAT THEIR MONEY and their money managers earned them, and maybe what they stole or cheated people off of for generations, not necessarily anything much that they really worked for. Ever hear of the banking industry? just for starters.
I will make a few exceptions but maybe just a few.
BTW, really rich people are already living off WHAT THEIR MONEY and their money managers earned them, and maybe what they stole or cheated people off of for generations, not necessarily anything much that they really worked for.
I wouldn't exactly call it stealing or cheating when inane people who really can't afford it willingly overpay for McMansions, iCrap, designer shoes/clothes/handbags, etc.
So....you feel everyone should stay in a hole with you......because YOU want to be there???
No, I think people need to have affordable home ownership options if they are going to get out of that hole by escaping the rent inflation that keeps low earners perpetually poor.
You do realize that given total national income and the total amount of federal income tax revenue, you'd have to pay a 12.5% effective federal income tax rate in order to pay your fair share.
From IRS data:
AGI in millions of $: 8,317,188
Federal Income Tax Revenue in millions of $: 1,042,571
Effective tax rate to pay one's fair share: 12.5%
You're only paying less then 1/4 of your fair share.
No, I think people need to have affordable home ownership options if they are going to get out of that hole by escaping the rent inflation that keeps low earners perpetually poor.
Isn't that the argument for making higher income individuals pay higher tax rates? They can "afford it?" Well... single with no dependents, so can you.
Since human beings created nations and tribes there has been a tendency to have Kings or Royal leaders by birth and the whole society revolved around benefitting that small elite often exploiting its citizens.
The creation of representative government flips that idea on its head. Representative government says that society should work to benefit everyone. That no one citizen is higher than another or more entitled to help from their government.
Liberals generally seek to expand who societies works for, while conservatives seek to exclude people from such help and always make the same argument that those people can't be helped because they suck, and besides helping them is really hurting the wealthy and powerful and thus destroying the very fabric of the nation.
To the extent that someone identifies with the elite or hates the disadvantaged is the extent the person sees common cause with conservatives.
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