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Old 03-12-2023, 03:45 PM
 
Location: Tennessee
37,796 posts, read 40,994,120 times
Reputation: 62169

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Why do people not realize that if your government increases taxes on corporations/companies, the businesses are only going to pass those additional taxes onto consumers by increasing the prices of their products and services? It's not difficult to understand so why don't politicians opposed to raising taxes on anyone, take the time to explain it every time they are interviewed or go on TV? Of course, the other action the businesses do is downsize their product or reduce their services to make up for the additional taxes, then claim they held the line on increasing prices. The same people (us) are getting hosed, even if taxes aren't raised on them.
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Old 03-12-2023, 04:18 PM
 
741 posts, read 441,105 times
Reputation: 963
So what should we do? Kill the rich? That wouldn't accomplish anything. The goal is to redistribute money so that EVERYBODY has some. Not just the rich who are hoarding all the world's wealth. Taking the money that they most likely stole anyway away from them is the best way of doing that. Of course, there's always the option to print more money, but instead of doing that obvious solution, we are always presented with excuses usually from the rich misers, of why that won't work.
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Old 03-12-2023, 04:21 PM
 
1,065 posts, read 471,267 times
Reputation: 949
History and economics tell us otherwise. This is why basic education is a good idea.

The real problem is that taxing the rich doesn't solve the government spending problem.
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Old 03-12-2023, 08:58 PM
 
Location: Tennessee
37,796 posts, read 40,994,120 times
Reputation: 62169
Quote:
Originally Posted by RandyHS View Post
So what should we do? Kill the rich? That wouldn't accomplish anything. The goal is to redistribute money so that EVERYBODY has some. Not just the rich who are hoarding all the world's wealth. Taking the money that they most likely stole anyway away from them is the best way of doing that. Of course, there's always the option to print more money, but instead of doing that obvious solution, we are always presented with excuses usually from the rich misers, of why that won't work.
Gimme, gimme, gimme because you think you deserve it.

How about:

Life is a series of dwindling choices. Your goal in life and what they should teach in school is to maximize your choices starting when you are in school. Instead, every wrong choice you make early on gives you less choices later in life and puts you on a road to poverty or barely scraping by.

Don't screw around in school.
Graduate high school.
Don't hang out with losers.
Don't marry a loser.
Don't do drugs.
Don't have a baby out of wedlock.
Don't be a stay at home mother.
Don't spend money you don't have.
If your goal is to be rich, don't pick a stupid major and think you deserve some high paying job.
Stop being a slacker in your 20s and think everyone owes you something.

This isn't everyone, of course. Bad unforeseeable things do happen to people who do everything right but I'll bet that a large percent of people who have to work or struggle when they are retirement age were on the path of dwindling choices and on the road to poverty before they hit 25 years old because of one, some or most of the above.

Will probably take the most heat for the "stay at home mother" one but husbands die and the divorce rate is high. There's nothing more pitiful than a 40 or 50 something year old widow or divorcee with no current marketable job skills or experience but who has to find work at that age...even if they are highly educated.

Rich people don't owe you a dime.
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Old 03-12-2023, 09:01 PM
 
Location: Northwest Houston
554 posts, read 294,867 times
Reputation: 673
The top 1% of Americans own as much wealth as the other 90%. That isn’t sustainable.
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Old 03-12-2023, 09:17 PM
 
2,157 posts, read 1,441,994 times
Reputation: 2614
Quote:
Originally Posted by RandyHS View Post
So what should we do? Kill the rich? That wouldn't accomplish anything. The goal is to redistribute money so that EVERYBODY has some. Not just the rich who are hoarding all the world's wealth. Taking the money that they most likely stole anyway away from them is the best way of doing that. Of course, there's always the option to print more money, but instead of doing that obvious solution, we are always presented with excuses usually from the rich misers, of why that won't work.

Quote:
Originally Posted by txdad99 View Post
The top 1% of Americans own as much wealth as the other 90%. That isn’t sustainable.
I used to be in the wealthy's corner a decade ago. I've come to realize through personal experience of mine and of a couple friends that generally the very wealthy are often quite abusive. In addition, they will exploit every tax loophole beyond the max. I witness/hear about company owners abusive work practices,
and short shrifting employees while buying 10 million dollar houses. I am a lot less sympathetic to the 'overtax mantra'. Something should be done to ensure they pay some sort of real minimum tax. I don't imagine many people want to hear about people worth 100's of millions paying effectively 4% federal tax. It is against the interests of 99.9% of the US population.
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Old 03-12-2023, 09:19 PM
 
45,540 posts, read 27,157,256 times
Reputation: 23859
Quote:
Originally Posted by RandyHS View Post
So what should we do? Kill the rich? That wouldn't accomplish anything. The goal is to redistribute money so that EVERYBODY has some. Not just the rich who are hoarding all the world's wealth. Taking the money that they most likely stole anyway away from them is the best way of doing that. Of course, there's always the option to print more money, but instead of doing that obvious solution, we are always presented with excuses usually from the rich misers, of why that won't work.
Stereotype much ??


Quote:
Originally Posted by txdad99 View Post
The top 1% of Americans own as much wealth as the other 90%. That isn’t sustainable.
What's sustainable?

I can tell you what's not sustainable. Adding to debt without a limit. That has nothing to do with a person's wealth or income.
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Old 03-12-2023, 09:24 PM
 
Location: Occupant of USA.
936 posts, read 423,406 times
Reputation: 1303
Quote:
Originally Posted by txdad99 View Post
The top 1% of Americans own as much wealth as the other 90%. That isn’t sustainable.
So and? They “produce “ jobs regardless if you or others agree or not. As a result, they contribute a lot of working opportunities in general.

This percentage stuff is smoke and mirrors. Run the numbers on percentages and see what you come up with.

Then look at how much wealth goes to the government already.
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Old 03-12-2023, 09:24 PM
 
27,119 posts, read 15,303,353 times
Reputation: 12056
Quote:
Originally Posted by RandyHS View Post
So what should we do? Kill the rich? That wouldn't accomplish anything. The goal is to redistribute money so that EVERYBODY has some. Not just the rich who are hoarding all the world's wealth. Taking the money that they most likely stole anyway away from them is the best way of doing that. Of course, there's always the option to print more money, but instead of doing that obvious solution, we are always presented with excuses usually from the rich misers, of why that won't work.
Conditioned much?
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Old 03-12-2023, 09:25 PM
 
Location: Long Island
57,227 posts, read 26,178,741 times
Reputation: 15621
Did you get a benefit from corporations when they rolled back taxes in the 2017 Tax Reform? If not why are you concered.

Taxes need to be raised, there is no way around it. There is no way to balance the budget short of raising taxes. Rather than just saying no, come up with an alternative.
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