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Would it be great if those with lots of liquid wealth decided voluntarily to share some of it with worthy causes to help out fellow humans? Sure (and many do). Is it the government's place to decide what is enough and how to redistribute any of that money? Absolutely not.
I think there is also a serious disconnect from reality with some people. Amazon exists because someone had an jdea and took the risk to make it reality. The business model worked, and it grew and grew. Same story with your standard big box store, car dealership, hospital system, etc.
If there is no incentive (wealth) to build these empires, they don't happen. And along with that, none of the employees, infrastructure, or technological advances along the way.
How is that great? Giving money to people who didn’t earn it is deeply immoral.
Incorrect. 61% of all US 1040 filers pay no federal income tax whatsoever. 27% pay neither federal income tax NOR payroll taxes (due to refundable tax credits offsetting FICA), but they're still eligible for SS and Medicare benefits even though they didn't pay into the system.
Well they do pay but it’s offset with refundable tax credits.
It’s a credit in one bucket and a debit in a different bucket.
Only fair tax is a flat tax applied to gross income. Obviously neither party agrees.
*shrug* I was speaking in general terms, and didn't have any particular company in mind.
And $4 dollars an hour raise could be a game-changer for a lot of people.
And it may not be that *every* Wal-Mart employee is struggling. Maybe some live in lower COL areas, and their salary is fine. Maybe others need their salaries tweaked because of a higher COL area. It's not a 'blanket solution' I'm suggesting, it's a 'look at a particular segment, see what exactly the problem is, and tweak that' solution.
going from $10/hr to $14/hr is not the Left's exalted "living wage" though.
If after a wealth tax you still have more money than almost everyone else in this country you aren’t a slave. You are just a pathetic snowflake who likes to whine.
Let's say you wanted just a 5% wealth tax on $200B of paper wealth for the top 5 people.
What mechanism do you think would be used in order for them to pay that wealth tax?
You desire $10B from them in wealth tax. In order to do that, they have to sell stock that represents a capital or short term gain of $10B + 20% (cap gains rate for them) = $12B. For AMZN that 3.9MM shares at today's price, approximately 4% of daily volume traded.
So exactly WHEN would you have them sell those shares? All at once? Quarterly? Monthly? Would you do it "anytime each month at the equivalent value that day"?
By your definition (taking money from those who “earn” it )so is the stock market. Workers earn the money then it is taken and given to shareholders.
Workers aren't paid? Where is that happening?
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