High taxes on the rich is a bad idea

The lack of understanding is what's pathetic. the country is broke NOT because it is not robbing the rich enough, but because it is usurped by international bankers and has to pay the interest on every dollar borrowed. youtube zeitgeist federal reserve and watch the whole movie, then we can talk. you are looking at the problem ass backwards.

 

It depends on what you mean by "high" taxation. I consider high taxation to be in the ninety percentile, like it has been the case during previous and historical times of war.

 

Don't let the door hit you on your way out to Russia.

 

Yes. As I said, without Japan or Germany having a hugE manufacturing base, mainly in autos, America was able to soar in jobs and wealth. Not due to taxes.

If ur looking at he rise of awest shops and international trade in Asia, stwrt with the Bietnam war carriers out by Kennedy and Johnson.

Nice try though

 

I think America's economic history generally proves you wrong.

We allowed MASSIVE breaks for those at the TOP of the economic ladder. Where has that really gotten this nation?

 

The Top of the economic ladder gets to stick around to contribute to 97.76 percent of the tax share and create jobs for the economy. While the rest of those nations who are following France example... Well you figure it out.

Two-thirds of millionaires disappeared from official statistics to avoid 50p tax rate

http://www.telegraph.co.uk/news/pol...fficial-statistics-to-avoid-50p-tax-rate.html

 

But not nearly as much as tax BASES.

It's not rocket science. Tax the privileged and they will leave, their privileges intact. Tax the privilege, and it can't leave.

99% of people will say, do, and believe anything whatever to avoid knowing that fact.

 

It's true that every country where government revenue is a small fraction of GDP is a $#!+-hole. A high government revenue fraction doesn't guarantee a country won't be a $#!+-hole, but a low government fraction guarantees it will be.

 

The wealthy are not and never will be the 'saviors' of all Americans. That bogus perception just needs to die.

 

Show me a country with no wealthy and I'll show you a country which is suffering.

 

Simply claiming that the wealthiest contribute more in overall taxes under any form of Capitalism where economic discrimination is both legal and socially acceptable, is disingenuous at best.

 

It may depend on what you mean by "suffering", since the wealthiest may have an easier time getting into a divine Commune of Heaven.

 

who in the usa is a victim of economic discrimination?

 

Anyone in (official) poverty.

 

So you think that everyone in official poverty is there because they were discriminated against? Please explain. Who discriminated against those whites in poverty in the coal country of West Virginia? Who discriminated against those blacks in poverty in our major cities?

How is it discrimination when one person is more successful than another? Who did Oprah discriminate against? who did Michael Jordan discriminate against? who did Snoop dog discriminate against? who did obama discriminate against?

you need to stop feeling sorry for yourself and enter the real world. anyone in the USA can succeed. No one is discriminated against economically.

Failure is not discrimination.

 

So you think that everyone in official poverty is there because they were discriminated against? Please explain. Who discriminated against those whites in poverty in the coal country of West Virginia? Who discriminated against those blacks in poverty in our major cities?

How is it discrimination when one person is more successful than another? Who did Oprah discriminate against? who did Michael Jordan discriminate against? who did Snoop dog discriminate against? who did obama discriminate against?

you need to stop feeling sorry for yourself and enter the real world. anyone in the USA can succeed. No one is discriminated against economically.

Failure is not discrimination.

 

You are misunderstanding my argument. Anyone in official poverty is being discriminated against under our form of capitalism, with our institution of money based markets. Consider a hypothetical that suggests this would be less of an issue, by simply solving for a poverty of money in our money based markets.

 

Okay. Let's take your example to the extreme. How about we tax the rich at 100%. Take all their money. You think they will stay in the US? What happens when the rich decide to leave with their money? Who is going to pay for your welfare state then? The middle class?

The US should have a tax regime that is competitive with other industrial nations. That why all those French and European rich people come to the US and write their billion dollar checks to the US. The world's rich people should be coming to the US not Russia for tax relief.

 

sorry, but you are not making much sense. People are in poverty because they do not work, or work at low paying jobs. Wages are set by supply and demand. Low skilled jobs pay the least. Thats the reality of life, always has been, always will be.

We should make education and job training available to those who want to work their way out of poverty, but for those who are too lazy, TS.

 

Why are you so disingenuous for your Cause? How well did your philosophy work during the Great Depression? How is structural unemployment the fault of any individual labor market participant?

 

Ill put it in this way:

No amount of suffering Americans feel can compare to how anyone else suffers elsewhere. The poverty stricken actually live like middle class citizens all around the world. That's pretty much wealth America (and other nations similar) has accumulated thus far.

 

What are you trying to show me with that meaningless source? People under capitalism has under a higher standard of living than anywhere else in the world.

 

But, it could be claimed, only by subsidizing poverty for free, in the name of lowering costs.

 

Grovellers prefer their masters not to pay taxes, Buy them whips, serfs!

 

This is true, but it is not 100% Capitalism, we see less than 40% of our capital, the rest is confiscated by the people of Government. Imagine how great our lives would be if we could once in life live in a free world of liberty where everyone enjoyed Capitalism.