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So your paltry paycheck is funding the police, welfare system, and the military?
Good one. I love your comedic posts.
Your absurdity is astounding but not but not so unexpected based on your previous comments included ... it further emphasis you don't understand what is "collective community". Therefore, it demonstrates a very shallow, or maybe even a lack of understanding the Civics of American Democracy and the systems it has established. A Nations wealth is created by the collective interactions of its collective society, however portions of it may be held by a distributed array of individuals and corporations... it is centered in the wealthy of its Government System.
One might want to learn what a "Federal Reserved Note" is.
Proverbs 29:9 If a wise man has an argument with a fool, the fool only rages and laughs, and there is no quiet.
Last edited by Chance and Change; 08-16-2020 at 04:05 PM..
Creating such a cap would effectively end any capital investment in building businesses. Job creation would essentially crater as there is less money in the financial system available for venture capital.
Rich people perform a vital role in the economy as the ones with the ability to deploy large amounts of capital towards producing productive capacity (new businesses/expansion) while simultaneously holding down inflation due to wealth accumulation. If you took all of the billionaires money and gave it to everyone inflation would skyrocket rendering any wealth distribution worthless.
The recent $2T stimulus money didn't cause inflation. The wealth of billionaires in the US is less than $2T.
Sorry, I thought the subject was taxing incomes over 500K.
You just rattled the cage of one of the most socialist persons here.
In my perfect world things like water and sewage treatment, electricity, phones yada yada would be provided by municipalities with no private ownership. Even mail service. I would go so far as to seize the assets of any business or person who taints the land, air or water.
I now that will never happen. So let the user pay for what they want. If petroleum companies do not want to spend the money to cool and collect the gases they flare, let them pick up the medical bills we all pay for and the damages they cause. Personal responsibility and user pay will lower the expenses for all of us. No need for new taxes.
I agree in context.
I will say, that our taxes have always been lower than they should have been.
Let me explain my meaning. For the history of America, the taxes spent a great deal to build up well to do and wealthy communities and what suffered what the building up of working poor whites and working poor blacks and other minorities who also paid taxes.
When there was a need for taxes to be higher to "service all communities with equal quality infrastructure and infrastructure attribues, the wealthy complained WITHOUT rightful justification. The working poor complained but with WITH rightful justifications, because they did not see the quality standard and in some areas no standards of infrastructure and attribute improvements in their areas.
When the taxation revenue has been so inequitably expended, and the poor areas suffer from even the elements of low grade infrastructure, and other attributes and services to high standards. The gripe of the working person has merit to base their disdain upon.
Poor areas may have gotten a minor park with few attributes, but the wealthy areas got parks with Pools, Tennis Courts and Etc.... Minorities in many areas got no park at all, and were banned from visiting parks in any other part of cities. The parks in the wealthy areas did not want working poor whites to utilize them and created as many deterrents as they could conceive to deter working poor whites from seeking to utilize them.
If Taxes had been higher to truly service all with the same "standards of quality' then all areas would have been improved to meet that standard of quality.
I've worked in school districts and saw well to do districts get improvements without question and more working class communities were met with every excuse including complaints about available funding.
I've watched and worked in governmental structure and seen big business get tax concession and contracts and continually present over budget bulling, and in some cases produced substandard quality work,
It takes an informed society, to know "what to address and how to address it, and how the system is structured to address it where it cannot be ignored and diminished.
The well to do and wealthy rely on the working poor to be uneducated in these matters, and much goes into invoking stresses that diminish the probability of the working poor to become educated in these matters.
We as a society have to research and learn how to address the system, beyond a anguished over verbal complaint.
Or the OP is frantically searching for a single time in history when an idea such as his was tried successfully so that he can come back and boldly refute all arguments.
They are many bad CEOs and many great one. Where do you get Bill Gates, Elon Musk or Steve Jobs if there is no profit. Without Microsoft and their "crappy" Windows OS, there will be no personal computer. Without PC, there will be no mobile phone, etc.
The entire time AT&T was regulated, Bell Labs was open and running every day.
There were mobile phones long before Al Gore was dreaming of the internet.
Profit is one thing. As a person who lives off dividends, I love it.
Sometimes profits are excessive. Especially when the rest of society has to clean up the corporate mess. And humans have to suffer from living in their trash.
Congratulations. You have bought the company line.
How many CEOs of F100 companies do you hang out with? My buddy's most favorite thing to do was read the Sunday Target ad and go get toilet paper on sale.
He would done his CEO job for whatever they paid him. Those guys on the top floor with the private elevator, dining room and driver work 9-5. The ones I knew took the company jet to their house at the lake and played golf and fished all weekend, returning in the jet on Monday morning. Their families went, too.
They knew what their step and fetch it guys told them.
And their buddies on the incestuous interlocking directorate boards. They raised each other's pay to shameful heights because that's they way they kept score.
I couldn't care less about whatever perks they get with private jets - you seem to have missed the point of my post.
I will say, that our taxes have always been lower than they should have been.
Let me explain my meaning. For the history of America, the taxes spent a great deal to build up well to do and wealthy communities and what suffered what the building up of working poor whites and working poor blacks and other minorities who also paid taxes.
When there was a need for taxes to be higher to "service all communities with equal quality infrastructure and infrastructure attribues, the wealthy complained WITHOUT rightful justification. The working poor complained but with WITH rightful justifications, because they did not see the quality standard and in some areas no standards of infrastructure and attribute improvements in their areas.
When the taxation revenue has been so inequitably expended, and the poor areas suffer from even the elements of low grade infrastructure, and other attributes and services to high standards. The gripe of the working person has merit to base their disdain upon.
Poor areas may have gotten a minor park with few attributes, but the wealthy areas got parks with Pools, Tennis Courts and Etc.... Minorities in many areas got no park at all, and were banned from visiting parks in any other part of cities. The parks in the wealthy areas did not want working poor whites to utilize them and created as many deterrents as they could conceive to deter working poor whites from seeking to utilize them.
If Taxes had been higher to truly service all with the same "standards of quality' then all areas would have been improved to meet that standard of quality.
I've worked in school districts and saw well to do districts get improvements without question and more working class communities were met with every excuse including complaints about available funding.
I've watched and worked in governmental structure and seen big business get tax concession and contracts and continually present over budget bulling, and in some cases produced substandard quality work,
It takes an informed society, to know "what to address and how to address it, and how the system is structured to address it where it cannot be ignored and diminished.
The well to do and wealthy rely on the working poor to be uneducated in these matters, and much goes into invoking stresses that diminish the probability of the working poor to become educated in these matters.
We as a society have to research and learn how to address the system, beyond a anguished over verbal complaint.
You're full of a lot of words yet you can't answer my question. Since you made the issue a racial one, which race is acting like savages (YOUR word) and will do anything to get material things that they want?
So DorianRo, if we reduce the income of Fortune 100 CEO's to $500K, everyone else will see their salary reduced to correct the pay scale of all employees.
Are you okay with getting a pay CUT as a result of your great idea?
So DorianRo, if we reduce the income of Fortune 100 CEO's to $500K, everyone else will see their salary reduced to correct the pay scale of all employees.
Are you okay with getting a pay CUT as a result of your great idea?
Well, as I alluded to in my post, such a sudden massive reduction in the money supply would crash the economy beyond repair.
And yes, whatever emerges from the ashes will be directly proportional to what it is now. The poor will still not be able to afford mansions and Ferraris, and the rich will. If there is a $500K salary cap, then that will be the new Billion, and all other salaries will be in proportion to what they are now. So the average salary might be one or two thousand dollars a year, and that will be enough to buy the average lifestyle.
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