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.
It would solve Nothing, AND cause a massive loss of revenue from those evil rich people who fund most of government. A stupid idea from a very small mind.
HA!! Well concentrating all the wealth to a small select 1 percent few is doing at the present moment? At least Im getting us out of debt. Whats Chump doing? Massive loss revenue that are going to the already insanely rich that don't need any more money
How would I know what? 3K a year is probably the max most people are paying a month for mortgage/rent anywhere PLENTY of money left over to do what you want. The Rich have already paid off their homes. They can keep it.
It would solve Nothing, AND cause a massive loss of revenue from those evil rich people who fund most of government. A stupid idea from a very small mind.
Good point. You’d probably also have to couple it to a flat tax, as our current progressive marginal system would fail to fund the government at its current size (it already fails to do so). Again, I’m not advocating for this income cap, but were one to implement this with any hope for achieving its aims, you’d have to go very, very holistic and institute nearly wholesale change in almost every way we operate.
HA!! Well concentrating all the wealth to a small select 1 percent few is doing at the present moment? At least Im getting us out of debt. Whats Chump doing? Massive loss revenue that are going to the already insanely rich that don't need any more money
Your plan wouldn’t do squat to get us out of debt or solve the made up problem of income inequality. What it would do is encourage people to either hide their income or start bartering for goods and services rather than paying USD for them.
HA!! Well concentrating all the wealth to a small select 1 percent few is doing at the present moment? At least Im getting us out of debt. Whats Chump doing? Massive loss revenue that are going to the already insanely rich that don't need any more money
You keep throwing the NEED word around like a true MARXIST. You would seriously disincetivise the cream of AMERICA,who would leave, leaving YOU sucking hind tit if you had any tit at all to suck.
Your plan wouldn’t do squat to get us out of debt or solve the made up problem of income inequality. What it would do is encourage people to either hide their income or start bartering for goods and services rather than paying USD for them.
Sure it does... Thats TRILLIONS of dollars being redirected to the debt. Instead of the rich hoarding it. Jeesh,. That income the "Hidden rich" will be confiscated. Again. No one needs MILLIONS of dollars. No one. Unless there are exception of curing fatal illnesses. But at least thats merit-based. Not cronysim
And eventually we all benefit and reap the rewards. Not the select few which is what has happened over the last 30 years (which has FAILED us miserably as the RESULTS show)
How would I know what? 3K a year is probably the max most people are paying a month for mortgage/rent anywhere PLENTY of money left over to do what you want. The Rich have already paid off their homes. They can keep it.
Not really. Most wealthy folk pay mortgages too, since current wisdom is that you make more in investments than you pay in interest.
I get it...prevent anyone from making over 500k, so that everything else beyond that goes to the government to bulk up slush funds and stock up on welfare programs! Good idea!!
Status:
"I don't understand. But I don't care, so it works out."
(set 8 days ago)
35,634 posts, read 17,975,706 times
Reputation: 50662
Quote:
Originally Posted by DorianRo
Sure it does... Thats TRILLIONS of dollars being redirected to the debt. Instead of the rich hoarding it. Jeesh,. That income the "Hidden rich" will be confiscated. Again. No one needs MILLIONS of dollars. No one. Unless there are exception of curing fatal illnesses. But at least thats merit-based. Not cronysim
And eventually we all benefit and reap the rewards. Not the select few
No, Dorian. In your plan, all the extra money these businessmen would earn over 500K would go to the government?
In about a week and a half, the businessmen would no longer be earning over 500K. They'd find a way, not to earn a penny more.
My guess is, their employers would "pay" them in other ways, like access to luxury hotels and properties, much greater vacation time, etc.
You will NOT get the people to work just as hard as always, but you'll be taking their money over a certain amount, thank you very much.
Humans don't work like that.
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.
PLENTY of money left over to do what you want. The Rich have already paid off their homes. They can keep it.
