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"Fair Share"

know1know1 Posts: 6,763
edited September 2012 in A Moving Train
A tangent in the DNC thread got me thinking.

Why are people worried about other people paying their "fair share".

Shouldn't we really worry more about the government taking its "fair share" from us?

I generally tune out anytime someone mentions the word fair in any context because I think one of the earliest lessons we learned in life is that it isn't fair and wasn't meant to be, but it just seems like this knee jerk reaction where it's a good thing for other people to drop more money into the big black hole that is our government. And it's a bad thing when they somehow give the government less.

Shouldn't we worry more about how much the government is taking in and what it's doing with that?

If someone can't point to a legitimate need for the government to take in more money, I'll bet we can point to a dozen places it should be able to cut to get there.
The only people we should try to get even with...
...are those who've helped us.

Right 'round the corner could be bigger than ourselves.
Post edited by Unknown User on
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    Yeah no doubt ..

    Israel how about we get the $$$$$ we give them everysingle yr ...
    jesus greets me looks just like me ....
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    BinauralJamBinauralJam Posts: 14,158
    Take some form the defense budget and give it to Nasa/Space Program. One of the prime reasons the U.S.A. is as powerful as it is and has been is because of our scientist and technological superiority. You figure out the military application, after you make the breakthrough, i.e. the Atom Bomb. That's how you stay the most powerful country in the world, not with more guns.
  • Options
    BinauralJamBinauralJam Posts: 14,158
    Yeah no doubt ..

    Israel how about we get the $$$$$ we give them everysingle yr ...


    This is an excellent start as well!
  • Options
    Jason PJason P Posts: 19,122
    Yeah no doubt ..

    Israel how about we get the $$$$$ we give them everysingle yr ...


    This is an excellent start as well!
    Now you guys are on the trolley! The politicians are pitting us against each other while we should all be demanding them to be accountable with their spending.

    The biggest problem is that in order to cut the budget by any measurable amount, it will need to be with social security, medicare, and defense ... and politicians are scared crapless to touch any of them as it leads them open to major attacks (just ask Ryan and Obama).
  • Options
    hedonisthedonist standing on the edge of forever Posts: 24,524
    Jason P wrote:
    Now you guys are on the trolley! The politicians are pitting us against each other while we should all be demanding them to be accountable with their spending.
    That's always been one of my sticking points; the other shit only serves to distract (though I do believe in equal taxation; the term "fair" strikes me as too subjective).

    There is no way my company would survive if they conducted business the way the government does. Similarly, there's no way my family would survive if living so beyond our means.

    I mean, growing up, when I got my first checking/savings account at oh, 10 or 11 years old. Even I got the concept that if I want to stay in the positive, I need to spend less than I take in. No secret financial stash to dig into. No one to print more money for me. No one to say "here, you fucked up way more than once, but let me give you some more money so you can do the same."

    A lot of little cutbacks can make a huge difference. A different mindset can do the same as well.
  • Options
    MotoDCMotoDC Posts: 947
    Not to speak for them, but I would bet that most of the more left-leaning folks on this board would say that it has to be combination of the two to make this work. The gov't needs to be held accountable for its spending decisions, but the ultra rich also need to shoulder an additional burden simply because they can.

    For my part, I agree with you, know1. Seems to me that the Feds have more than enough money to make their shit work, it's just a question of prioritizing (including the defense budget) and then expecting more out of their employees. The amount of waste in terms of productive man hours-to-salary in the federal gov't is quite a thing.
  • Options
    know1 wrote:
    Shouldn't we really worry more about the government taking its "fair share" from us?


    If you want to look at it that way then... sure.

    Why should they take less from me than they do from you? Why should they take hardly anything from Mitt Romney?

    The end result is the burden of supporting our country's infrastructure is being almost eliminated from the people who can afford it more and shouldered on the people who can't.

    We can debate what to cut and what not to, if you'd like. My first vote is "end the war, end the tax exemptions of churches that just use the money to fund politics anyway."
  • Options
    aerialaerial Posts: 2,319
    No government funded sex changes
    No jet rides for any White house staff unless it's Government business
    No more extravagant Ball's or Parties
    Government employees caught miss using funds need to pay back double of what they stole
    All Government employees must be held accountable
    No double retirement checks from the government
    Just a few ways to save a couple billion
    “We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution.” Abraham Lincoln
  • Options
    MotoDCMotoDC Posts: 947
    know1 wrote:
    Shouldn't we really worry more about the government taking its "fair share" from us?


    If you want to look at it that way then... sure.

    Why should they take less from me than they do from you? Why should they take hardly anything from Mitt Romney?

    The end result is the burden of supporting our country's infrastructure is being almost eliminated from the people who can afford it more and shouldered on the people who can't.

    We can debate what to cut and what not to, if you'd like. My first vote is "end the war, end the tax exemptions of churches that just use the money to fund politics anyway."
    Although I agree with part of what you're saying, the words you're using to describe what happens are misleading, whether intentionally or otherwise. You know as well as I do that Romney and other wealthy folks (like you, apparently) contribute a substantially greater portion of national tax revenue than poorer folks. Due to tax loopholes they are sometimes able to pay less in tax as a percentage of their own income than an average middle class family, yes. That part is where we agree there's a problem. But to suggest they don't provide the bulk of the financial support for the country's infrastructure (or any other part of a federally supported program) is untrue.

    As for churches and tax incentives, as long as you also don't give tax incentives to any other non-profit out there, then hey, go for it.
  • Options
    MotoDC wrote:
    Although I agree with part of what you're saying, the words you're using to describe what happens are misleading, whether intentionally or otherwise. You know as well as I do that Romney and other wealthy folks (like you, apparently) contribute a substantially greater portion of national tax revenue than poorer folks.

    Yes, I get a lot of tax breaks for various things. The reason that someone like Mitt Romney (who is a HELL of a lot richer than I would ever even WANT to be) pays "more" in taxes is that he's worth more than a stadium full of people. The top 1% earners in America make enough money to feed the rest of the entire world... for 500 YEARS.

    While I'm not a "socialist" who would suggest that I don't deserve my income or advocate making me share it with anyone, exactly.. I find it obscene that thanks to all sorts of odd rules and loop holes and silly regulations that are out there, Walmart (that's made more than you'll make in your entire life in the time it's taken me to write this post) uses shady employment practices that keep over half of their employees eligible for food stamps and doesn't pay any health insurance. Which means that you and I foot the bill for their food stamps and should they need emergency care... we pay for that, too.

    If you're going to make the argument that the Waltons (who, if you add up all six of them, have more more money than the bottom 40% of the entire population) pay their "fair share," I'm going to disagree with you.
    As for churches and tax incentives, as long as you also don't give tax incentives to any other non-profit out there, then hey, go for it.

    I figure as long as a charity is actually doing community support and not just taking that money and building castles and shrines to it's "god" and funding politicians...they are just fine with me.
  • Options
    MotoDCMotoDC Posts: 947
    Yes, I get a lot of tax breaks for various things. The reason that someone like Mitt Romney (who is a HELL of a lot richer than I would ever even WANT to be) pays "more" in taxes is that he's worth more than a stadium full of people. The top 1% earners in America make enough money to feed the rest of the entire world... for 500 YEARS.
    Since we're picking nits and trying to be accurate, Romney pays zero taxes because he's worth a lot. He pays taxes because his wealth earns income (whether he works or not, the very definition of financial wealth, though that's kinda another topic). The distinction I was trying to make clear is that Romney and the rich pay way more into the federal tax revenue pot in absolute terms than most everybody else combined. That they often pay less as a percentage of their own income than many of us not in the upper crust -- that is the issue here.

    The challenge is that it would be really problematic to ensure that people like Romney -- who get so much of their "income" from passive sources -- pay the same % as the rest of us wage-earner types. We could tax capital gains, interest income, property sales tax, rental income, dividend income at higher rates, but really that impacts the middle class quite a bit as well. Perhaps not as much, but there would have to be an adjustment somewhere else if we're really going to be "fair" to the 99%.
    PoD wrote:
    While I'm not a "socialist" who would suggest that I don't deserve my income or advocate making me share it with anyone, exactly.. I find it obscene that thanks to all sorts of odd rules and loop holes and silly regulations that are out there, Walmart (that's made more than you'll make in your entire life in the time it's taken me to write this post) uses shady employment practices that keep over half of their employees eligible for food stamps and doesn't pay any health insurance. Which means that you and I foot the bill for their food stamps and should they need emergency care... we pay for that, too.
    The Walmart piece is way off topic simply because it's a corporation. It's a conversation worth having, but not only is it not what this thread is about, man is it complicated.
    PoD wrote:
    If you're going to make the argument that the Waltons (who, if you add up all six of them, have more more money than the bottom 40% of the entire population) pay their "fair share," I'm going to disagree with you.
    Never said anything about "fair share" because I find it indefinable. You "know" they don't pay their fair share because the difference between their wealth (which is in the top .01%, not the 1%) is so unimaginably incomparable to the bottom 40% that it seems obvious.

    By the way, not sure where you got that 40% stat, but I imagine it has a lot to do with the housing crash. It's most of America's #1 asset and #1 liability, so when its value tanks, so do most people's net wealth. Hmm...hold on, google is my friend. Here is perhaps what you were referring to. Interestingly, there's a quote from Forbes at the bottom -- "He added: 'If you’ve no debts and have $10 in your pocket you have more wealth than 25 percent of Americans.' " I.e., net wealth can be a very misleading statistic.
    PoD wrote:
    I figure as long as a charity is actually doing community support and not just taking that money and building castles and shrines to it's "god" and funding politicians...they are just fine with me.
    Then you're kinda coming from a position of religious oppression. You're penalizing a non-profit purely for being founded or based in religion. How would you define whether a non-profit was religious or not? Additionally, you aren't really suggesting that non-religious non-profits don't fund politicians, are you? Cause that would be kinda silly.
  • Options
    MotoDC wrote:
    Then you're kinda coming from a position of religious oppression.

    Don't be silly.
    MotoDC wrote:
    You're penalizing a non-profit purely for being founded or based in religion. How would you define whether a non-profit was religious or not?

    It's just fine if a non-profit is "religious," but just the act of being a church shouldn't come with automatic tax exemptions. If you want to get your followers to donate their own money so you can build a big castle to worship in, be my guest. But it shouldn't be tax-exempt.
    MotoDC wrote:
    Additionally, you aren't really suggesting that non-religious non-profits don't fund politicians, are you? Cause that would be kinda silly.

    Of course not. But those aren't charities and shouldn't be tax exempt.
  • Options
    DS1119DS1119 Posts: 33,497
    Why should they take hardly anything from Mitt Romney?


    :lol::lol::lol::lol::lol::lol::lol::lol:
  • Options
    otterotter Posts: 753
    Obama tax plan:
    NOW
    OBAMA PROPOSAL
    Top Income tax rate
    35%
    39.6%
    Income/Payroll
    37%
    52%
    Capital Gains
    15%
    28%
    Dividends
    15%
    39.6%
    Estate Tax
    0
    55%

    Source: Wall Street Journal

    Remember that people including Romney first paid the top income tax rate (we have a progressive tax rate)
    then the with the money "the government let's him keep" he invests. When his investments make money he pays tax on that. Then there are so many other taxes we all pay like sales tax...

    More than half Americans pay no income tax at all.

    This fair share nonsense isn't truly fair by any definition of the word fair.

    Does anyone remember when Brokaw used to do "the fleecing of America" segments on the NBC news?

    Big government just creates big waste and produces a class of people that is inherently unAmerican.

    People run from governments that take the money and live like royalty; they used to run here. Obama is taking away the last place to run to. It is a crying shame that future generations will never imagine what it was like to be free from "in your face" government.

    If the govt has control of our health.......this is the end
    I found my place......and it's alright
  • Options
    know1know1 Posts: 6,763
    know1 wrote:
    Shouldn't we really worry more about the government taking its "fair share" from us?


    If you want to look at it that way then... sure.

    Why should they take less from me than they do from you? Why should they take hardly anything from Mitt Romney?

    The end result is the burden of supporting our country's infrastructure is being almost eliminated from the people who can afford it more and shouldered on the people who can't.

    We can debate what to cut and what not to, if you'd like. My first vote is "end the war, end the tax exemptions of churches that just use the money to fund politics anyway."

    I'm talking about the government's share as a whole, not from individuals. You're turning it right back into the argument that I said makes no sense. I'm trying to look at it from the government's fair share perspective. I think they already have their fair share (more actually), so why make others pay even more?

    I agree with you about the war. End it now.

    I don't agree about removing tax exemptions, because again that's just giving more money to the government.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • Options
    mikepegg44mikepegg44 Posts: 3,353
    know1 wrote:
    Shouldn't we really worry more about the government taking its "fair share" from us?


    If you want to look at it that way then... sure.

    Why should they take less from me than they do from you? Why should they take hardly anything from Mitt Romney?

    The end result is the burden of supporting our country's infrastructure is being almost eliminated from the people who can afford it more and shouldered on the people who can't.

    We can debate what to cut and what not to, if you'd like. My first vote is "end the war, end the tax exemptions of churches that just use the money to fund politics anyway."


    I have a question for you. How can you have a legitimate discussion about taxes and use hyperbole?

    almost eliminated? hardly anything? the top 1% pay ~30% depending on the year...
    The top fifth (20%) of households made 56% of pre-tax income in 2006 but paid 86% of all individual income tax revenue collected, according to the most recent data available from the Congressional Budget Office.
    (from CNN MONEY, 2009)

    http://www.visualizingeconomics.com/wp-content/uploads/IncomeDistributionMaster1-650x436.png

    less from me than they do from you? they will never take less money from you than they do from me if you are in the 1%...that is how it works. the rate may be different based on a multitude of reasons. Unearned income vs earned income is one of them. But total value...99.9% of the time you will pay more...

    Capital gains are a focus of most of that. What I don't understand is that the people complain about the tax structure in this country have rarely, if ever, said "I think I should pay more than you are requiring from me, so I AM GOING TO PAY MORE...not force everyone to pay more, I am simply going to pay more". People who take deferred compensation and use capital gains as their main income steam have no right to criticize others for the taxes they pay or don't pay. They could just as easily take a salary, or simply pay more. But you see it has to be fair :roll: fair is where you go to sell a pig...

    if you really want it to be fair you take the same amount from every dollar earned in the country...and do away with the unearned income distinction. That is fair.
    Now if you want to talk progressive tax structure that is fine. but no where in that is the distribution "fair"...progressive tax systems are not about being fair. So using the term Fair share to describe one's participation in it is a misnomer at best
    that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
    It is terrifying when you are too stupid to know who is dumb
    - Joe Rogan
  • Options
    inlet13inlet13 Posts: 1,979
    mikepegg44 wrote:
    know1 wrote:
    Shouldn't we really worry more about the government taking its "fair share" from us?


    If you want to look at it that way then... sure.

    Why should they take less from me than they do from you? Why should they take hardly anything from Mitt Romney?

    The end result is the burden of supporting our country's infrastructure is being almost eliminated from the people who can afford it more and shouldered on the people who can't.

    We can debate what to cut and what not to, if you'd like. My first vote is "end the war, end the tax exemptions of churches that just use the money to fund politics anyway."


    I have a question for you. How can you have a legitimate discussion about taxes and use hyperbole?

    almost eliminated? hardly anything? the top 1% pay ~30% depending on the year...
    The top fifth (20%) of households made 56% of pre-tax income in 2006 but paid 86% of all individual income tax revenue collected, according to the most recent data available from the Congressional Budget Office.
    (from CNN MONEY, 2009)

    http://www.visualizingeconomics.com/wp-content/uploads/IncomeDistributionMaster1-650x436.png

    less from me than they do from you? they will never take less money from you than they do from me if you are in the 1%...that is how it works. the rate may be different based on a multitude of reasons. Unearned income vs earned income is one of them. But total value...99.9% of the time you will pay more...

    Capital gains are a focus of most of that. What I don't understand is that the people complain about the tax structure in this country have rarely, if ever, said "I think I should pay more than you are requiring from me, so I AM GOING TO PAY MORE...not force everyone to pay more, I am simply going to pay more". People who take deferred compensation and use capital gains as their main income steam have no right to criticize others for the taxes they pay or don't pay. They could just as easily take a salary, or simply pay more. But you see it has to be fair :roll: fair is where you go to sell a pig...

    if you really want it to be fair you take the same amount from every dollar earned in the country...and do away with the unearned income distinction. That is fair.
    Now if you want to talk progressive tax structure that is fine. but no where in that is the distribution "fair"...progressive tax systems are not about being fair. So using the term Fair share to describe one's participation in it is a misnomer at best


    Yep.
    Here's a new demo called "in the fire":

    <object height="81" width="100%"> <param name="movie" value="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869&quot;&gt;&lt;/param&gt; <param name="allowscriptaccess" value="always"></param> <embed allowscriptaccess="always" height="81" src="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869&quot; type="application/x-shockwave-flash" width="100%"></embed> </object> <span><a href=" - In the Fire (demo)</a> by <a href="
  • Options
    MotoDCMotoDC Posts: 947
    otter wrote:
    Obama tax plan:
    NOW
    OBAMA PROPOSAL
    Top Income tax rate
    35%
    39.6%
    Income/Payroll
    37%
    52%
    Capital Gains
    15%
    28%
    Dividends
    15%
    39.6%
    Estate Tax
    0
    55%

    Source: Wall Street Journal
    :shock: Wow I hadn't seen those numbers lined up like that. Honestly, why even invest your capital with a structure like that? All that's going to do is force folks like me (and especially those with much more wealth than I) to put their money in alternative investments like multifamily housing units, REITs, bonds (bond income is 1099-INT, right? So it wouldn't be taxed at the new 39.6% dividend level?), etc. Oh, and to make sure I gift all my wealth to my kids and family before I die. There is something about the estate tax that is especially abhorrent to me.
  • Options
    MotoDCMotoDC Posts: 947
    MotoDC wrote:
    Then you're kinda coming from a position of religious oppression.

    Don't be silly.
    I wasn't. You were originally making an exception purely based on a non-profit being religious in nature.
    Prince wrote:
    MotoDC wrote:
    You're penalizing a non-profit purely for being founded or based in religion. How would you define whether a non-profit was religious or not?

    It's just fine if a non-profit is "religious," but just the act of being a church shouldn't come with automatic tax exemptions. If you want to get your followers to donate their own money so you can build a big castle to worship in, be my guest. But it shouldn't be tax-exempt.
    This is a more acceptable compromise than what I understood your original point to be. You can't really blame my interpretation, considering the anti-Christian fervor you've been known to throw around here.
    MotoDC wrote:
    Additionally, you aren't really suggesting that non-religious non-profits don't fund politicians, are you? Cause that would be kinda silly.

    Of course not. But those aren't charities and shouldn't be tax exempt.
    Again, a more acceptable compromise than what I understood your original point to be.

    But this is a tiny little subtopic of the point of the OP. :lol: What about the rest of my post?
  • Options
    mikepegg44mikepegg44 Posts: 3,353
    MotoDC wrote:
    otter wrote:
    Obama tax plan:
    NOW
    OBAMA PROPOSAL
    Top Income tax rate
    35%
    39.6%
    Income/Payroll
    37%
    52%
    Capital Gains
    15%
    28%
    Dividends
    15%
    39.6%
    Estate Tax
    0
    55%

    Source: Wall Street Journal
    :shock: Wow I hadn't seen those numbers lined up like that. Honestly, why even invest your capital with a structure like that? All that's going to do is force folks like me (and especially those with much more wealth than I) to put their money in alternative investments like multifamily housing units, REITs, bonds (bond income is 1099-INT, right? So it wouldn't be taxed at the new 39.6% dividend level?), etc. Oh, and to make sure I gift all my wealth to my kids and family before I die. There is something about the estate tax that is especially abhorrent to me.

    I have never understood the estate tax. How the fuck is taxing money that has already been taxed simply because someone died "paying your fair share" that is fucking disgusting
    that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
    It is terrifying when you are too stupid to know who is dumb
    - Joe Rogan
  • Options
    mikepegg44 wrote:
    I have a question for you. How can you have a legitimate discussion about taxes and use hyperbole?

    It's actually a fair question.

    And of course the nature of Internet forum boards being that nobody reads things if theyre too long or formatted poorly, it's hard to really make points about intentionally complex topics like "who pays more."

    Yes, I probably pay "more" in taxes than the guy who made my coffee today. But I'm probably paying a lower percentage for many reasons and the cards have been stacked in favor of those who earn and have more.

    If we are to believe the rumors about Mitt Romeny not paying anything for 10 years, and I've got more than a few reasons to believe that's true, that's a whole other story. The point is that the bush-era tax cuts, grouped with huge raises in spending, have created a big black hole that sucked us in. For lack of a better metaphor.

    Extending those cuts for the bottom earners and letting them expire for the higher earners PLUS ending the endless wars, investing back in our country and infrastructure AND changing laws so mega-corporations can't get away with paying their employees unlivable wages while expecting the tax payers to pay for their food stamps and health care is, I think, the best option for escaping the black hole.

    And to be fair, I'm in pre-production for my next movie, I'm on about 8 cups of coffee and I'm not really sure how much sense I'm making. And can't be arsed to go back and proof read..
  • Options
    mikepegg44mikepegg44 Posts: 3,353
    mikepegg44 wrote:
    I have a question for you. How can you have a legitimate discussion about taxes and use hyperbole?

    It's actually a fair question.

    And of course the nature of Internet forum boards being that nobody reads things if theyre too long or formatted poorly, it's hard to really make points about intentionally complex topics like "who pays more."

    Yes, I probably pay "more" in taxes than the guy who made my coffee today. But I'm probably paying a lower percentage for many reasons and the cards have been stacked in favor of those who earn and have more.

    If we are to believe the rumors about Mitt Romeny not paying anything for 10 years, and I've got more than a few reasons to believe that's true, that's a whole other story. The point is that the bush-era tax cuts, grouped with huge raises in spending, have created a big black hole that sucked us in. For lack of a better metaphor.

    Extending those cuts for the bottom earners and letting them expire for the higher earners PLUS ending the endless wars, investing back in our country and infrastructure AND changing laws so mega-corporations can't get away with paying their employees unlivable wages while expecting the tax payers to pay for their food stamps and health care is, I think, the best option for escaping the black hole.

    And to be fair, I'm in pre-production for my next movie, I'm on about 8 cups of coffee and I'm not really sure how much sense I'm making. And can't be arsed to go back and proof read..

    lol fair enough.

    I understand the idea behind wanting more revenue for the federal gov't. I just don't subscribe to that camp. Like a few others, I think they already have their fair share...to the tune of about 2 trillion dollars a year in revenue. That is more than enough.

    having the rate go from 35 to 39 isn't going to affect the people you want it to affect though. There would still be a deficit if we doubled income tax revenue. I can only find 09 quickly, but they took in about ~900,000,000 in income tax and the deficit was ~1.2 trillion. that means...if the federal gov't took in an additional 900,000,000 they would still be running a deficit of 300,000,000. That is fucking ridiculous. I almost get too angry to type that...

    Raising the income tax rate 4 % isn't going to raise the salt content of the ocean any more than what happens to it if you film a movie there and someone misses ;)

    The federal gov't cannot be a decider of fair on a large scale...Like I said, if they were interested in fair they would simply tax every dollar the same...it will never happen and the effort of trying to get to "fair" gets side tracked on silly things like 4% of a tax rate for rich people rather than simply being fair with the money they do get...which is no small number mind you...and it is also an impossible task to be "fair" with it.

    Who knows...I do love the idea of us living in a country where towns, counties and states get more of a say in what is fair for them...I just don't think that can happen with such a large federal gov't...who knows

    was this formatted correctly to get someone to read it?
    that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
    It is terrifying when you are too stupid to know who is dumb
    - Joe Rogan
  • Options
    inlet13inlet13 Posts: 1,979
    Does the government have a spending or a revenue problem?

    Answer:

    http://www.youtube.com/watch?v=pES9C7fX ... ure=relmfu
    Here's a new demo called "in the fire":

    <object height="81" width="100%"> <param name="movie" value="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869&quot;&gt;&lt;/param&gt; <param name="allowscriptaccess" value="always"></param> <embed allowscriptaccess="always" height="81" src="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869&quot; type="application/x-shockwave-flash" width="100%"></embed> </object> <span><a href=" - In the Fire (demo)</a> by <a href="
  • Options
    otterotter Posts: 753
    MotoDC wrote:
    otter wrote:
    Obama tax plan:
    NOW
    OBAMA PROPOSAL
    Top Income tax rate
    35%
    39.6%
    Income/Payroll
    37%
    52%
    Capital Gains
    15%
    28%
    Dividends
    15%
    39.6%
    Estate Tax
    0
    55%

    Source: Wall Street Journal
    :shock: Wow I hadn't seen those numbers lined up like that. Honestly, why even invest your capital with a structure like that? All that's going to do is force folks like me (and especially those with much more wealth than I) to put their money in alternative investments like multifamily housing units, REITs, bonds (bond income is 1099-INT, right? So it wouldn't be taxed at the new 39.6% dividend level?), etc. Oh, and to make sure I gift all my wealth to my kids and family before I die. There is something about the estate tax that is especially abhorrent to me.


    1. Abolition of private property and the application of all rents of land to public purposes.

    2. A heavy progressive or graduated income tax.

    3. Abolition of all rights of inheritance.

    4. Confiscation of the property of all emigrants and rebels.

    5. Centralization of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.

    6. Centralization of the means of communications and transportation in the hands of the State.

    7. Extension of factories and instruments of production owned by the state, the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.

    8. Equal liability of all to labor. Establishment of industrial armies, especially for agriculture.

    9. Combination of agriculture with manufacturing industries, gradual abolition of the distinction between town and country, by a more equitable distribution of population over the country.

    10. Free education for all children in public schools. Abolition of children's factory labor in its present form.

    source: Communist Manifesto ~ Karl Marx
    I found my place......and it's alright
  • Options
    inlet13inlet13 Posts: 1,979
    mikepegg44 wrote:
    I have a question for you. How can you have a legitimate discussion about taxes and use hyperbole?

    It's actually a fair question.

    And of course the nature of Internet forum boards being that nobody reads things if theyre too long or formatted poorly, it's hard to really make points about intentionally complex topics like "who pays more."

    Yes, I probably pay "more" in taxes than the guy who made my coffee today. But I'm probably paying a lower percentage for many reasons and the cards have been stacked in favor of those who earn and have more.

    If we are to believe the rumors about Mitt Romeny not paying anything for 10 years, and I've got more than a few reasons to believe that's true, that's a whole other story. The point is that the bush-era tax cuts, grouped with huge raises in spending, have created a big black hole that sucked us in. For lack of a better metaphor.

    Extending those cuts for the bottom earners and letting them expire for the higher earners PLUS ending the endless wars, investing back in our country and infrastructure AND changing laws so mega-corporations can't get away with paying their employees unlivable wages while expecting the tax payers to pay for their food stamps and health care is, I think, the best option for escaping the black hole.

    And to be fair, I'm in pre-production for my next movie, I'm on about 8 cups of coffee and I'm not really sure how much sense I'm making. And can't be arsed to go back and proof read..
    '

    Problem is, higher tax rates won't balance the budget:

    http://www.youtube.com/watch?v=ucoP4-06 ... ure=relmfu
    Here's a new demo called "in the fire":

    <object height="81" width="100%"> <param name="movie" value="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869&quot;&gt;&lt;/param&gt; <param name="allowscriptaccess" value="always"></param> <embed allowscriptaccess="always" height="81" src="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869&quot; type="application/x-shockwave-flash" width="100%"></embed> </object> <span><a href=" - In the Fire (demo)</a> by <a href="
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    otterotter Posts: 753
    Remember when Tom Brokaw used to do "the fleecing of America" on the news every night?

    I cannot understand any person any where who thinks that taking more and more money from citizens to give to a federal government would do any good.

    The fed should run as lean as possible. Let the people have the money.

    People are good and generous. Government is a necessary bad who is generous with other people's money.

    Isn't it that simple?
    I found my place......and it's alright
  • Options
    inlet13inlet13 Posts: 1,979
    otter wrote:
    Remember when Tom Brokaw used to do "the fleecing of America" on the news every night?

    I cannot understand any person any where who thinks that taking more and more money from citizens to give to a federal government would do any good.

    The fed should run as lean as possible. Let the people have the money.

    People are good and generous. Government is a necessary bad who is generous with other people's money.

    Isn't it that simple?


    Completely agree. I think it's interesting to think about why we actually need government in it's current form. And most answers have to do with "public goods" and "law" and "defense". I don't always agree, but fair enough.

    I'm curious if in the distant future in a peaceful world, a need for government in its' current form will continue to exist. If technology increases to the point where you don't need state employees (or only a handful), why do you really need government? Or why can't you just have an automated system allocate money to private enterprise when a public project needs to go into effect. Clearly, this is a hard sell now. But, I can envision a a distant future where government exists, but at a tiny percentage of what it does now.

    There's really no need for govt to be so pervasive in our society. Private markets can do most, if not all, of what government does... and probably better.
    Here's a new demo called "in the fire":

    <object height="81" width="100%"> <param name="movie" value="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869&quot;&gt;&lt;/param&gt; <param name="allowscriptaccess" value="always"></param> <embed allowscriptaccess="always" height="81" src="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869&quot; type="application/x-shockwave-flash" width="100%"></embed> </object> <span><a href=" - In the Fire (demo)</a> by <a href="
  • Options
    otterotter Posts: 753
    inlet13 wrote:
    otter wrote:
    Remember when Tom Brokaw used to do "the fleecing of America" on the news every night?

    I cannot understand any person any where who thinks that taking more and more money from citizens to give to a federal government would do any good.

    The fed should run as lean as possible. Let the people have the money.

    People are good and generous. Government is a necessary bad who is generous with other people's money.

    Isn't it that simple?


    Completely agree. I think it's interesting to think about why we actually need government in it's current form. And most answers have to do with "public goods" and "law" and "defense". I don't always agree, but fair enough.

    I'm curious if in the distant future in a peaceful world, a need for government in its' current form will continue to exist. If technology increases to the point where you don't need state employees (or only a handful), why do you really need government? Or why can't you just have an automated system allocate money to private enterprise when a public project needs to go into effect. Clearly, this is a hard sell now. But, I can envision a a distant future where government exists, but at a tiny percentage of what it does now.

    There's really no need for govt to be so pervasive in our society. Private markets can do most, if not all, of what government does... and probably better.

    In the distant future......AND......in the distant past.

    Our government is here because without it freedom and liberty would be a fantasy. However, since my frat bro Woody Wilson brought socialism into our country the pendulum has always swung a little further left. Now we are at a moment where freedom and liberty come in second to the wishes of the leaders.

    The future's uncertain and the end is always near...
    I found my place......and it's alright
  • Options
    know1know1 Posts: 6,763
    otter wrote:
    Remember when Tom Brokaw used to do "the fleecing of America" on the news every night?

    I cannot understand any person any where who thinks that taking more and more money from citizens to give to a federal government would do any good.

    The fed should run as lean as possible. Let the people have the money.

    People are good and generous. Government is a necessary bad who is generous with other people's money.

    Isn't it that simple?

    Totally agree with this.

    It just doesn't make sense for a person to call for other people to pay more money into an entity that already has more than its fair share. It's almost as if its for spite, jealousy, bitterness, etc. and not based on reason.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • Options
    Go BeaversGo Beavers Posts: 8,612
    inlet13 wrote:
    There's really no need for govt to be so pervasive in our society. Private markets can do most, if not all, of what government does... and probably better.

    Do you have examples of this? And by what percentage was government reduced in those examples?
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