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And when a Mitt pays $7,000,000 in income tax in a year, the people selling class warfare tell those they hold down to get their votes, "He should pay his fair share!"
"Class warfare" is a Fox News talking point, and hyperbole, and you should know better than to use it.
Quote:
Originally Posted by MikeJaquish
I don't pay $7,000,000 for anything, and I'm not jealous of Mitt, and I would not lie to poor folks merely curry votes and to advance my career in political games.
It's quite the assumption to say that such people are lying.
Our tax codes do need to be rewritten, but it's not because the poor, rich folks are struggling.
Any tax code that is so complex that you get different results from professional tax companies is too complex. I'm all for a progressive tax, but it should be so simple that you don't need to file your taxes to cover paying what is owed. What we have now is a travesty, and by many accounts one of the most corrupt tax codes in the world. And that is never a good thing.
I have to agree with Myghost on this one. The amount of taxes paid by the very wealthy account for pretty much no change in their way of life or access to opportunities.
This is not true of the average citizen OR the poor in our country.
EXACTLY. And *that* is why taxing the rich at a higher rate is the right thing to do.
Second, the rich make their money on the backs of society. They use society's roads, bridges, markets, systems, etc. When you're successful, the social contract says you pay it back so the next guy has a shot.
Further, the idea that Mitt Romney deserves billions because he knows how to trade securities a certain way is absurd. Did he really work that much harder than, say, a North Carolina school teacher? Does he really, ethically, deserve that much more money? Absolutely not.
What this country needs, frankly, is a return to the pre-Reagan era where we were taxing the rich at 90+ percent (for the highest progressive bracket). People don't like the term "wealth redistribution", and Mike prefers to follow Fox News's advice and call it "class warfare," but the reality is that wealth redistribution is what creates the middle class and drives the economy.
Mitt Romney sitting on billions by his pool, not even knowing how much he's worth within a million on any given day, does not drive the economy. And it's not fair. (And, no, I'm not envious of him. I would never hoard wealth while millions in the world are starving.)
Do you seriously not look for every 'loophole' or deduction that you can to lower your tax burden? Of course you do, we all do. But it is only wrong when the evil billionaire does it.
Also, he was double taxed for a huge chunk of his income. 35% corporate tax, then his income tax. But, I am sure you will say that I am a mindless sheep who is blindly supporting the rich because of fox news, and that I am doing so to my own detriment.
Quote:
Originally Posted by danielbmartin
We should distinguish looking for loopholes and creating them. Billionaires hire lobbyists; the ordinary taxpayer does not.
EXACTLY. And *that* is why taxing the rich at a higher rate is the right thing to do.
Second, the rich make their money on the backs of society. They use society's roads, bridges, markets, systems, etc. When you're successful, the social contract says you pay it back so the next guy has a shot.
Further, the idea that Mitt Romney deserves billions because he knows how to trade securities a certain way is absurd. Did he really work that much harder than, say, a North Carolina school teacher? Does he really, ethically, deserve that much more money? Absolutely not.
What this country needs, frankly, is a return to the pre-Reagan era where we were taxing the rich at 90+ percent (for the highest progressive bracket). People don't like the term "wealth redistribution", and Mike prefers to follow Fox News's advice and call it "class warfare," but the reality is that wealth redistribution is what creates the middle class and drives the economy.
Mitt Romney sitting on billions by his pool, not even knowing how much he's worth within a million on any given day, does not drive the economy. And it's not fair. (And, no, I'm not envious of him. I would never hoard wealth while millions in the world are starving.)
You and are are in agreement. Believe me, when I start making so much money that I cannot tell you how much I have because I have so much money, I certainly won't get upset when I am required to pay more taxes than the working poor, I can promise you that.
It would feel vulgar and disgusting to me.
Come to think of it, I pay way more than they do now and I'm not upset that I do. I make more.
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EXACTLY. And *that* is why taxing the rich at a higher rate is the right thing to do.
Second, the rich make their money on the backs of society. They use society's roads, bridges, markets, systems, etc. When you're successful, the social contract says you pay it back so the next guy has a shot.
Further, the idea that Mitt Romney deserves billions because he knows how to trade securities a certain way is absurd. Did he really work that much harder than, say, a North Carolina school teacher? Does he really, ethically, deserve that much more money? Absolutely not.
What this country needs, frankly, is a return to the pre-Reagan era where we were taxing the rich at 90+ percent (for the highest progressive bracket). People don't like the term "wealth redistribution", and Mike prefers to follow Fox News's advice and call it "class warfare," but the reality is that wealth redistribution is what creates the middle class and drives the economy.
Mitt Romney sitting on billions by his pool, not even knowing how much he's worth within a million on any given day, does not drive the economy. And it's not fair. (And, no, I'm not envious of him. I would never hoard wealth while millions in the world are starving.)
Mike does not listen to or watch Fox News. Hell, Mike is a Democrat all his life. But when a label fits, it fits.
Lying to people to fish on the bottom for votes, fanning flames of envy, depending on a broad lack of financial sophistication and economic ignorance is a clear battle plan for class warfare, or even something more despicable.
90% taxation? And some people wonder why money sits off-shore. The pitchforks and torches superstition crowd business model: Run billions in capital offshore and whine about it for political leverage with the constituency.
Well, he should. If his "fair share" under our current system is being skirted by tax loopholes, those loopholes need closing.
I'm confident that closing them won't break his piggybank.
There is no "fair," except in terms of political leverage. "Fair" is always a contrivance and a political football for the fan base. "Mom, it ain't fair!"
It is none of my business whatsoever what Mitt or Hillary have in their piggybanks.
You and are are in agreement. Believe me, when I start making so much money that I cannot tell you how much I have because I have so much money, I certainly won't get upset when I am required to pay more taxes than the working poor, I can promise you that.
It would feel vulgar and disgusting to me.
Come to think of it, I pay way more than they do now and I'm not upset that I do. I make more.
It is good to have moral standards and hopes for personal behavior. I would feel vast wealth as a personal burden, and would hope also to have a level head about it.
It is less good when shameless profiteering "leaders" encourage people to snivel about other folks' situations, when only hoping to turn the sniveling into votes.
That is what perpetrating class warfare and the politics of greed, envy, and entitlement have reduced too many "leaders" to.
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