Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
You don't give people money out of a sense of fairness. It's unheard of. You can eliminate the granting of stock options, but you can't keep the practice going and tax the rich at the same time. That makes about as much sense as taxing bank robbers.
1. they are not '''loopholes''''....they are TAX LAW
2. the ultra rich get less deductions than the poor/middleclass as most of the deductions phase out at about 200k
3. most working class pay less than 10% on federal taxes....while the rich are taxed on income at 35+%, plus the payroll tax up to 101k, plus 20$ on capital gains
NO-ONE should be paying more than 15%....... if the government cant fund all its obligations with 10-15% of all income....some this is wrong
And given the massive amount of wealth inequality where exactly do you think the balance is right now? Do the wealthy need more or less money? Do the consumers need more or less?
In my opinion we need more on the consumer side. I do appreciate that you realize that it takes two sides, way too many do not seem to recognize this. So I ask you...which side currently needs more money for a more efficient economy?
Well, I am not a big believer that redistributing wealth is fair game for the government.
The government involvement in the economy should primarily be focused on ensuring a truly level playing field for all participants in the economy. The extensive and burdensome regulatory regime has evolved to primarily be a means of tilting the playing field in favor of those that are better at influencing the regulatory game in D.C.
The solution in my mind is not more regulation, as that will always be subject to influence. The solution is less regulation and moving closer to a free market ideal.
To your specific question, I see the larger impediment today being the risks associated with new investment and capital formation, not insufficient wealth on the part of consumers.
Well, I am not a big believer that redistributing wealth is fair game for the government.
The government involvement in the economy should primarily be focused on ensuring a truly level playing field for all participants in the economy. The extensive and burdensome regulatory regime has evolved to primarily be a means of tilting the playing field in favor of those that are better at influencing the regulatory game in D.C.
The solution in my mind is not more regulation, as that will always be subject to influence. The solution is less regulation and moving closer to a free market ideal.
To your specific question, I see the larger impediment today being the risks associated with new investment and capital formation, not insufficient wealth on the part of consumers.
Dave
I'd point to the past-some of our most productive times have been times when the regular people had more income compared to the wealthy.
I do however agree somewhat that excessive regulations can be bad, but I also think that needs to be addressed with specifics, as the majority of regulations are there for a very valid reason. Free market ideals are often a good idea in theory, but in practice suffer from lack of regulations of external costs.
If I had more time this morning I would research productivity gains vs's disposable income to see if I could define where we are at better, but not enough time this morning.
As an investor I must protest; this is my money you want to redistribute. I'm the one buying the new shares that are dumped into the market. I'm the one being robbed. You're fighting over my money. Who gets it, the CEO or the government, seems ludicrous. Both sides are robbers.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
