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How's that any different in an individual paying taxes on wages, and then investing in stocks, and paying capital gains on that? Both are "double taxed" by your totally arbitrary standards.
That would be two DIFFERENT activities earning income..
Quote:
Originally Posted by Cletus Awreetus-Awrightus
You forgot the gas tax. And airline taxes. That's triple tax, quadruple tax. Wait, there are more taxes than that. Quintuple taxes. We'd better start looking up prefixes.
Taxing the rich at higher levels is a way to patch the wholes. The wealthy in America are not overtaxed relative to just about any other country in the world, and even this country for much of the last century. People here are so parroting rightwing talking points that they cannot see that THEY RICH CAN AFFORD TO HELP. No one else can. Social conservatives have become like the Sheriff of Nottingham, fighting to defend the spoils of kings and princes while the people starve.
1. It is NOT the fault of wealthy people that caused this budgetary fiscal mess. It is the fault of politicians on both sides that have grown government well beyond its constitutional limitations. We live in a welfare-warfare state, and guess what, we can't afford it. You cannot tax your way out of this mess. We need major reform and major discussion on what role gov't should play in our daily lives. There is also a huge risk if we raise taxes -- increase in spending. The problem is spending, not tax rates.
2. Not all conservatives are "social" conservatives. Many conservatives/libertarians advocate small limited gov't and balanced budgets without touching on issues such as marriage or abortion. While social conservatives may also support balance budgets and small limited gov't, their primary agenda is on fundamentalist Christian values such as anti-same sex marriage and anti-abortion. There are also "social" liberals who may also be small gov't conservatives.
3. Your analogy of conservatives becoming like the "Sheriff of Nottingham" is immature for an intellectual debate on policy issues.
So, once again you just pull 'facts' from thin air to make a fallacious argument.
The link you posted is hard to read, but if you look at it again, you will realize that the bottom 90% earn 53% of total income. The 11% figure you cite is two tiers up. If I read it correctly, 78% of all American income is earned by families earning less than an average of $167,000.
Warren Edward Buffett (pronounced /ˈbʌfɨt/; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is widely regarded as one of the most successful investors in the world. Often introduced as "legendary investor, Warren Buffett",[5][6] he is the primary shareholder, chairman and CEO of Berkshire Hathaway.[7] He is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008[8] and is the third wealthiest person in the world as of 2011.[9]
Before he bought Berkshire, it was not remotely the same as after he purchased it and grew it to what we now consider Berkshire. It was a dying textile company. It is now a holding company.
Nothing you quoted supports your claim that Warren founded Berkshire or that he is Berkshire. All it states was that he is the primary shareholder of Berkshire. Yes, he did transform it into what it is today. However, he did not create it.
So, once again you just pull 'facts' from thin air to make a fallacious argument.
So, to make things fair, they should pay a meager 11% of the overall tax burden.
There is no fairness in the Constitution.
Read it someday.
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