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1/27/2016 10:15:28 PM
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To sum up:
Economics 101
Less/lower taxes = vibrant economy, more personal wealth and more government "revenue," more people tend to voluntarily pay taxes owed
More/higher taxes = stalled economy, less personal wealth, less jobs, less investing, more people tend to avoid paying taxes owed
English
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[quote]To sum up: Economics 101 Less/lower taxes = vibrant economy, more personal wealth and more government "revenue," more people tend to voluntarily pay taxes owed More/higher taxes = stalled economy, less personal wealth, less jobs, less investing, more people tend to avoid paying taxes owed[/quote] I think you got the terms mixed up.
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No, read it again. It makes perfect sense and has worked this way for thousands of years before the USA even existed. ECONOMICS 101. Basic. Think it's something really special how hard working people make trillions of dollars in wealth in this nation and the "social" government can do nothing except take it away.
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[quote]No, read it again. It makes perfect sense and has worked this way for thousands of years before the USA even existed. ECONOMICS 101. Basic. Think it's something really special how hard working people make trillions of dollars in wealth in this nation and the "social" government can do nothing except take it away.[/quote] Taxes work, look at the 50s and 60s, I'm not saying do a marginal tax rate of 94 percent but more like 50%. Now this tax would depend on income. This marginal rate would pertain primarily to rich families who have more wealth than working families in America put together. What Bernie is proposing isn't outlandish at all, countries like Canada and the UK highly benefit from higher taxes, for example they get healthcare by paying taxes. Now before you jump on me you wouldn't be losing money as you would no longer have to pay insurance premiums, you would be saving money in the long run.
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You forgot revenue raising. Most courts in this country are extremely profitable.
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Edited by ThFlyingNimbus: 1/27/2016 11:15:50 PM[quote]To sum up: [b]Short Sighted[/b] Economics 101 Less/lower taxes = vibrant economy, more personal wealth and more government "revenue," more people tend to voluntarily pay taxes owed [b]public education starts to collapse due to lack of funding[/b] More/higher taxes = stalled economy, less personal wealth, less jobs, less investing, [b]more people tend to avoid paying taxes owed[/b][b][u]HOW IN SWEET SHAXX'S SHOULDER CHARGE IS THIS REASONABLE?[/u][/b][/quote] Not okay to suppose that tax evasion should be included in your system. Tax fraud should be heavily sanctioned, and is not because totally screwy of pork barrel politics Look at the rising education and tech industry of heavily socialist Scandinavian/Asian countries. Look at the socialized education system of GDP dominant Germany. Do you think they teach/accept American capitalist economics? Taxes should (you could argue they aren't - and this should be the focus of [u]productive[/u] tax reform) be an investment in our social infrastructure
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Edited by UltraKev9: 1/28/2016 11:01:37 PMLove how these fools always point to socialist countries to prove a point. Sorry, this is the United States of America. You want "Scandinavia" then go friggin' live there and tell me how wonderful it is to have the USA as your nuclear defense shield AND Tell me how great it is that a hundred thousand Syrian refugees are flooding over your borders with no end in sight and are causing innumerable problems for security among other things. I'll wait right here. Let me know when you think it's wonderful.
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So are our defense and border control efforts not funded by the hard earned dollars of the American people? Not sure what point your trying to make. Mine is a) that there are services and organizations we fund with tax dollars, and they are good for the American people. B) tax reform which targets the small group of very high income earners, or prevents their tax evasion (seriously - you can't argue tax evasion is not an issue) is positive for the American people.
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Those "super rich" don't owe me anything and likely don't owe you anything either. Don't let your jealous greed cloud your judgment. I used to hate wealthy people. Why? Were they better than me? Smarter? Not necessarily. They have money and with it comes headaches I don't really want. There's been plenty of lies spread about people with a lot of money that they avoid paying taxes. Conventional wisdom clearly shows this for the lie it is because all the rich people would be in prison. Far more people that cheat on taxes are low income households or individuals that report $35k/year or less and many of these people report $0/year as their income. If it wasn't for rich people there would be very few businesses and fewer jobs. I'd rather rich business people use that money to reinvest in companies to make even more jobs and money instead of confiscating it and watching the government mishandle and piss it away as they are unfortunately quite adept. A business goes out of business? Tragedy, but that's life. Business goes out of business because of government? That's criminal as far as I'm concerned.
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I think you're misunderstanding my perspective though I'm pretty well educated my girlfriend is even more well educated. We both come from upper middle class white families. My dad spent his entire career an entrepreneur and business owner. My mom was the first in her family to attend a university and did so on her own dime. What is concerning to me about America today is how far we've fallen in public, accessible education - esp compared to what were once economically stagnant socialist countries. I am also tired of driving on shitty interstates, improper fiscal management because of poor regulation, cost of living to wage made falling like crazy, crime increase and poor public works. How does this relate to steepening the tax curve for super high earners? At a certain deviation above the mean, you are likely just a very lucky person. And a huge amount of that luck comes from the environment you were in (America, folks) when you landed on that success. That's why you pay back into the system with tax dollars - so everyone else can buy their ticket to the lottery. Because at one point, someone in your family was just a shitty immigrant with a stupid accent and whether it was generation by generation or all at once your family built a life. With good money management and a focus on being productive you contribute to a successful system and achieve a high standard of living. [b]To tie this into the game we all play and love[/b] I believe that 'our' best chance of having a future lies in giving the community we live in the ability to invest in that future, and put the best foot forward for each successive generation. Take that 'our' and apply it to the county, state, country, world you live in and you have a recipe for success in the future. I'm not really heavily invested in any candidate right now [u]but[/u] trying to argue that tax reform isn't necessary is f!cking blind.
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Shhh. Don't tell them. They don't know anything but "free."
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Excellent summary
