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In reply to the discussion: The rich say they pay 40% of all taxes and that's "unfair"... [View all]freshwest
(53,661 posts)45. 90% of the nation's wealth = 90% of the nation's taxes. At the very least, unless wealth needs a
clearer definition.
Is it cash flow?
Is it investment or property that generated that cash flow?
Is it the ability to live independently of the rest of society - literally?
Or is a ratio of their cash flow, non-fungible assets, percentage of control over corporations, amount of land owned by mortgage or outright, or is it something else?
Many people with land, businesses or stocks don't have much cash flow. And that's how taxes are calculated to be paid.
A person is not expected to seel off thsir home, business, cattle or whatever else is a long-term, low-yield investment every year to pay the tax man.
Taxes from earned income come out front and are inescapable, putting the worker, even if that person is a highly paid professional, at a strong disadvantage with the businessman or investor. Because they do not have that money to invest or pay off debt during the year, while will increase their debt level and deny them the chance to invest or make other changes to better themselves, with the greater harm to the lower paid workers.
With all of their dollars on the table for inspection and payment up front, instead of being allowed to generate jobs for others or opportunity for the worker, they lose the value of their work and increase their debt.
Whereas others have their money in their hands all year and it is seen as future wealth by a gamble on stocks, business or property taxes and to be more valuable to the country as a whole, and more prestigious. In a fashion a contract worker has more flexibility to manage their 'wealth' that is really just cash flow.
The system favors certain kinds of wealth and either cluelessly or by design, goes hard against the worker or those with less money. The liberal system was meant to mitigate that without attacking the root, trying to bring out about suffiicient wealth distribution to let workers overcome the challenge of being in the system by virtue of paying their retirement and tax burden upfront to benefit all of their class.
The problem we are confronted with by my thinking, is that those who were advantaged, no longer see themselves as part of the whole and some who were nevee advantaged now want out of the system and that hss caused a collapse of revenue to support the whole.
We need a basic standard for all, and then tax reform that takes into account all the advantages that the wealthy do recieve from the system, which they currently deny their need for thus their excuse not to pay taxes. I don't know if there is any truth in that, at least is has not been so in may life, and I believe they have gamed the system to 'socialize their losses and maximize their profits' under their arrogant notion that they really created the system and it's time they pulled out their profits. No, they should not be able to do that.
I'm sure someone else has a much explanation for what I've tried to say, about how the wealth goes up in a way that voters can understand. The older expressions aren't working.
Is it cash flow?
Is it investment or property that generated that cash flow?
Is it the ability to live independently of the rest of society - literally?
Or is a ratio of their cash flow, non-fungible assets, percentage of control over corporations, amount of land owned by mortgage or outright, or is it something else?
Many people with land, businesses or stocks don't have much cash flow. And that's how taxes are calculated to be paid.
A person is not expected to seel off thsir home, business, cattle or whatever else is a long-term, low-yield investment every year to pay the tax man.
Taxes from earned income come out front and are inescapable, putting the worker, even if that person is a highly paid professional, at a strong disadvantage with the businessman or investor. Because they do not have that money to invest or pay off debt during the year, while will increase their debt level and deny them the chance to invest or make other changes to better themselves, with the greater harm to the lower paid workers.
With all of their dollars on the table for inspection and payment up front, instead of being allowed to generate jobs for others or opportunity for the worker, they lose the value of their work and increase their debt.
Whereas others have their money in their hands all year and it is seen as future wealth by a gamble on stocks, business or property taxes and to be more valuable to the country as a whole, and more prestigious. In a fashion a contract worker has more flexibility to manage their 'wealth' that is really just cash flow.
The system favors certain kinds of wealth and either cluelessly or by design, goes hard against the worker or those with less money. The liberal system was meant to mitigate that without attacking the root, trying to bring out about suffiicient wealth distribution to let workers overcome the challenge of being in the system by virtue of paying their retirement and tax burden upfront to benefit all of their class.
The problem we are confronted with by my thinking, is that those who were advantaged, no longer see themselves as part of the whole and some who were nevee advantaged now want out of the system and that hss caused a collapse of revenue to support the whole.
We need a basic standard for all, and then tax reform that takes into account all the advantages that the wealthy do recieve from the system, which they currently deny their need for thus their excuse not to pay taxes. I don't know if there is any truth in that, at least is has not been so in may life, and I believe they have gamed the system to 'socialize their losses and maximize their profits' under their arrogant notion that they really created the system and it's time they pulled out their profits. No, they should not be able to do that.
I'm sure someone else has a much explanation for what I've tried to say, about how the wealth goes up in a way that voters can understand. The older expressions aren't working.
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Notice were the last big dip in tax rates is? Yep, that's right before the great depression. The one
okaawhatever
Jan 2014
#16
26 major corporations paid no corporate income tax in the last 4 years, despite billions in profit
antigop
Jan 2014
#10
90% of the nation's wealth = 90% of the nation's taxes. At the very least, unless wealth needs a
freshwest
Jan 2014
#45
Every so often a Republican will claim renters shouldn't be allowed to vote....
Spitfire of ATJ
Jan 2014
#40
I've run into a few Reagan Worshipers in the South that were too young to remember Reagan....
Spitfire of ATJ
Jan 2014
#55
The rich get 90% of all income they should pay at least 90% of all taxes. At 40% they are
Vincardog
Jan 2014
#35
The bottom 80% have only 7% of the income but pay 21% of the taxes paid. n/t.
airplaneman
Jan 2014
#36
So 90% of the money pays 40% of the taxes and 10% of the money pays 60% of the taxes
RVN VET
Jan 2014
#48