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Thread: Do You Think The Rich Should Be Taxed More?

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    then 70% so we can do REAL infrastructure

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    Hello evince,

    Quote Originally Posted by evince View Post
    they do

    because they choose to
    I had the same thought when Quetzalcoatl posited the idea. But then I thought of the super-rich people I've known and how some of them they also like to save money by being cheap in the strangest ways. Not all rich choose to live in luxury and opulence all the time. For some, part of being rich is being thrifty.



    Quote Originally Posted by evince View Post
    they should pay what everyone else does
    For what? Products or taxes?

    Quote Originally Posted by evince View Post
    when they make so much beyond what it takes to live a decent life
    Is this part of the previous thought? I'm lost.


    Quote Originally Posted by evince View Post
    they gain the MOST benefit for being an American so they need to pay the MOST taxes to support this nation
    Totally true, that part.

    It's hard to follow your improper grammar. I don't know where the sentences begin or end. I still suspect you of being a bot. You can convince me you are human by answering my human verification question in the other Topic.
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    Hello and greetings Sirthinksalot,

    Quote Originally Posted by Sirthinksalot View Post
    You only mentioned the rich and the poor. Are you envisioning a world without a middle class?
    Well, that is where it is ultimately headed.

    But as long as we still have one, I'll address that.

    The poor can't pay any more, true, but that also includes the lower half of the middle as well as some in the upper half. People tend to spend what they have up till the point that they have everything they want. So even on an upper middle budget, there could be little room for more taxation. Supposed somebody has huge student loans to pay off, and a large mortgage, and becomes impacted with a personal tragedy such as a kid in legal trouble or a draining illness. They could be in a position where a tax hike could cause them to have to sell off the main house or something.

    The middle would generally be able to pay more taxes, but if they do, that often comes out of either retirement savings or consumer spending. Both would have a negative effect on the economy. That effect would be largely cumulative because it would involve so many people.

    Really, the rich is the only class which can absorb much increased taxation with the least possible negative effect on the economy.
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    Hello Quetzalcoatl,

    Quote Originally Posted by Quetzalcoatl View Post
    Sounds fine. I've long advocated pulling out of NATO.
    I disagree. That was set up to prevent another world war.
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    everyone who makes that much money from our economy pays those taxes


    pretending wealthy people are burdened by higher taxes is stupid

    they pay the same everyone else pays until they MAKE MORE than everyone else does



    the more you make the more in taxes you pay on that money


    perfectly sensible and all other western countries do the same

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    Hello evince,

    Quote Originally Posted by evince View Post
    then 70% so we can do REAL infrastructure
    True, but nothing is free. Taxing the rich more will have an impact. Much of what conservatives say is correct. There would be less investment. Markets would be impacted. Anything we do would have to be implemented gradually to lessen the impact. 50% would be a tough sell as it is. 70% would be a non-starter.

    We must take all views into consideration.

    Any one-sided policy is destined to impart force upon the political pendulum. It is swinging much too wildly as it is. It would be better to reduce the gyrations and get the nation more united.
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    Quote Originally Posted by PoliTalker View Post
    Hello evince,



    True, but nothing is free. Taxing the rich more will have an impact. Much of what conservatives say is correct. There would be less investment. Markets would be impacted. Anything we do would have to be implemented gradually to lessen the impact. 50% would be a tough sell as it is. 70% would be a non-starter.

    We must take all views into consideration.

    Any one-sided policy is destined to impart force upon the political pendulum. It is swinging much too wildly as it is. It would be better to reduce the gyrations and get the nation more united.
    what was the economy like when we last had taxes this high?


    great

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    Hello evince,

    Quote Originally Posted by evince View Post
    everyone who makes that much money from our economy pays those taxes


    pretending wealthy people are burdened by higher taxes is stupid
    Not true. All changes have an impact. It is the degree over which we are arguing.

    Quote Originally Posted by evince View Post
    they pay the same everyone else pays until they MAKE MORE than everyone else does
    Misleading. If they make more they pay more. True, they pay the same on the first dollars they earn, up to the break point. It is only the amount over that break point which is taxed at higher rates. It really is a beautiful and fair way of doing it. One could fairly say everybody is taxed under the same rules.



    the more you make the more in taxes you pay on that money


    perfectly sensible and all other western countries do the same[/QUOTE]
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    Hello evince,

    Quote Originally Posted by evince View Post
    what was the economy like when we last had taxes this high?


    great
    True, and one income supported a family.
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    Hello and greetings Threedee,

    Quote Originally Posted by Threedee View Post
    That's because it wouldn't be enough. We would have to hose the middle class (and because the rich would have even more political power).
    Which is why we don't want pure capitalism or pure socialism.
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    Quote Originally Posted by PoliTalker View Post
    Hello Quetzalcoatl,



    That is a quite common sentiment. It voices your concerns for your own well being, but have you considered what is good for the nation?

    Whatever the government cuts spending on will affect somebody negatively and hurt the economy to some extent. We don't have to do that if we simply tax the rich more. They can afford it without negatively impacting their lifestyle, since they spend so little of their overall wealth on lifestyle.
    Yeah...they acknowledge that we have a consumer driven economy...

    ...but when the consumer is the government...they suddenly think that "consumer driven" is not good...

    ...or as you noted, that cutting that consumption will not hurt the economy.

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    Quote Originally Posted by Threedee View Post
    That's because it wouldn't be enough. We would have to hose the middle class (and because the rich would have even more political power).
    No there would only be a middle class

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