1%ers want to be taxed more. Good Idea?

[Truth Detector]

The wealthy who are pushing for more taxes because they recognize the wealth gap is horrible and threatens the American experiment. It is not benign. Every tax program throws more and more money to the top 1 percent. However, we have royalty at the very top. We are creating a plutocracy that Tedy Roosevelt warned us about in 1900. He said swollen fortunes passed on over time are different in kind from a guy who made a fortune off a great idea or a business. They start picking politicians, get laws and regulations for their benefit and will make the country work for them. Does anyone think that is not happening?

MORON.

[Gonzomin]

How Many Millionaires Are There in America? - DQYDJ
dqydj.com/how-many-millionaires-decamillionaires...

How many millionaires are there in the United States? We estimate that there are 14,814,453 millionaires in the United States. A million dollar net worth for a household is the 88.24% wealth bracket in the US in 2016: 11.76% of all households .

I assume that the other 14,814,253 do not agree.

Back your assumption. You made it up. Give real numbers.

[archives]

I think that they are wrong, Jacky.

Those "about" 200 millionaires can use their tax form to pay more taxes.

Here's a hint, all three (3) of my children are in the 1%. I won't tell you my income level. You wouldn't believe it.

The top 1% is only 450K per year per CNN.

Relative, how one breaks it down, if you live in Alabama you only need to make $300,000 to be considered a "millionaire"

https://www.cnbc.com/2018/07/27/how-...-us-state.html

I do believe "Jack," based upon the individuals cited in the article, means billionaires, there are over four hundred of them

In addition, how many individuals in the top two tax brackets really pay over thirty percent plus in tax? You know damn well Trump doesn't, nor do many of the others, point being talking about taxing the one percent doesn't mean raising bracket percentages but eliminating the numerous ways of avoiding tax that are avaliable to anyone who can hire an army of attorneys and accountants

[moon]

1%ers want to be taxed more.

They must think it's for Netanyahu's lawyers costs.

[Jack]

What exactly is stopping them from giving more?

I believe it's a Policy position. An Idea they support. Similar to a Group of Welfare Recipients that suggest we end Welfare.

[countryboy]

I believe it's a Policy position. An Idea they support. Similar to a Group of Welfare Recipients that suggest we end Welfare.

Lol, you go with that one.

Bottom line is, if they feel they aren't contributing enough to the treasury, they are free to send more.

[cawacko]

The wealthy are pushing for more taxes because they recognize the wealth gap is horrible and threatens the American experiment. It is not benign. Every tax program throws more and more money to the top 1 percent. However, we have royalty at the very top. We are creating a plutocracy that Tedy Roosevelt warned us about in 1900. He said swollen fortunes passed on over time are different in kind from a guy who made a fortune off a great idea or a business. They start picking politicians, get laws and regulations for their benefit and will make the country work for them. Does anyone think that is not happening?

The Fed is arguably the largest driver of our inequality. What should we do about them?

[Callinectes]

I think they view America becoming a 'Third World' type Country. Where the Top 1% have the Wealth and run everything for themselves, and the other 99% are the Peasants, fighting over the crumbs.

(Hmmmmm ... I wonder where Earl would fit in there?)

Spoken like a true Bolshevik

[Jack]

I had to LAUGH my ass off at these morons. So tell me; what is preventing them from sending more of their wealth to the Federal Coffers?

The dumbest thing about these filthy rich leftist clowns is their misplaced belief that the Federal Government can "educate" and create "opportunity" for those they think they are helping without pissing away about 4/5s of the money that gets there.

These fools are admitted economics idiots. They also lack a basic education on political history. We don't have a REVENUE problem in this country. We have a GOVERNMENT spending problem.

We don't need MORE wards of the massive Government State. We need LESS of them and MORE businesses that need more workers. We need reform in our educational institutions that currently graduate indoctrinated low IQ idiots.

Yes. Thank you for your deep insight. I will send your recommendations along to them.

[Celticguy]

Perhaps they want the publicity?

They know this will never actually have any real effect of their tax burden but this makes them appear to care. The Oracle of Omaha has been doing it for years. He never pays more.

[Jack]

Lol, you go with that one.

Bottom line is, if they feel they aren't contributing enough to the treasury, they are free to send more.

Would you support a small Tax on 'Trading'? Let's say the typical Brokerage Fee of $4.95, was 'taxed' and it became $5.00 for a Trade. Would YOU be against THAT?
(Probably wouldn't effect YOU much as a Trader, but WOULD effect the 'Machine Trading' that occurs hundreds of times a second)

[PoliTalker]

Hello Jack,

New 'Patriotic Millionaires' group says: Please, tax me more"
https://www.nbcnews.com/politics/202...e-more-n994371

"Stewart is one of the Patriotic Millionaires, a group of about 200 wealthy individuals — worth billions combined — who say they should be taxed more, and as soon as possible."

They are right, of course. The deficit is a trillion.

Shame on Trump, who said he could pay off the debt completely. News flash, Mr Trump. That requires revenue exceeding expenditures, a surplus, not a deficit. running the deficit up to a trillion adds a trillion to the debt every year. Hello. You're going the wrong way!

And at an alarming rate...

[LV426]

Confiscate their wealth. It's the only way to achieve equality.

No it's not.

They know damn well they can donate to the Treasury if they truly cared.

That's not the point.

[LV426]

This is what I came in to say... There is currently nothing stopping them from giving more, so if they want to give more, they can go right on ahead...

That's not the point, though.

[LV426]

I think YOU have one warped view of the way America works.

Your people literally said on another thread that elections are "irrelevant".