General Discussion

yeoman6987

(14,449 posts)

27. Tolerate?

Tue Mar 25, 2014, 07:40 AM

Mar 2014

Last edited Tue Mar 25, 2014, 09:59 AM - Edit history (1)

We don't have a choice but to allow it. The only way to stop it would be to confiscate the wealth which I can't imagine any politician on any side would do that. I have no problem with people working for the wealth they have, however, how about just stop the dedication, the "hiding" the money and absolutely no trusts for them to set up. No non-profit crap that basically hides the money and just tax the money appropriately. Whatever is left, they can have and make even more if they want. I don't think we hate the rich, we just hate the fact that they don't pay enough taxes. If a guy has 5 billion, why not tax him and leave him with 2.5 billion..that is still a ton of money.

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Why do we tolerate mega-wealth? [View all] markpkessinger Mar 2014 OP

Social conditioning in regards to capitalism and the American identity. go west young man Mar 2014 #1

Tolerate? yeoman6987 Mar 2014 #27

Good point. go west young man Mar 2014 #38

But we didnt' used to "allow" it. The tax rate was very high on the wealthy mountain grammy Mar 2014 #42

I was going to say because of capitalism deeply embedded into American identity, LWolf Mar 2014 #52

I'm the same way.. go west young man Mar 2014 #64

Yes. LWolf Mar 2014 #68

The simple truth is always amazingly elegant. Fridays Child Mar 2014 #2

I should probably check with him on that, but . . . markpkessinger Mar 2014 #4

If you ask him, let us know. Fridays Child Mar 2014 #5

Because enough of us think we'll have that much wealth "someday" to carry it on Recursion Mar 2014 #3

Because freedom, of course... Wounded Bear Mar 2014 #6

It's a good article newdemocrat999 Mar 2014 #7

i guess we are very good at tolerating other people's poverty srican69 Mar 2014 #10

Because command economies go catastrophically wrong. Donald Ian Rankin Mar 2014 #8

Seriously? markpkessinger Mar 2014 #15

Sure. It's even called "the Third Way" because of that Recursion Mar 2014 #17

That would seem to be the route . . . markpkessinger Mar 2014 #19

Welcome to the Post-Scarcity Economy Recursion Mar 2014 #20

Show us Third Way links Enthusiast Mar 2014 #21

Sure. Yglesias was the clearest writer on it. Recursion Mar 2014 #22

Try as I might, I could find nothing where Yglesias refers to Third Way. Enthusiast Mar 2014 #29

News flash: actual politicians are as disappointing to third way activists as they are to liberal Recursion Mar 2014 #33

Corporate economics are much more complex than that joeglow3 Mar 2014 #36

Oh, really? Bullshit! Enthusiast Mar 2014 #50

I say this as a CPA who works in the tax department of a Fortune 500 company joeglow3 Mar 2014 #55

BFD. The truth remains the truth. Enthusiast Mar 2014 #56

The truth as you make it up. joeglow3 Mar 2014 #57

US corporate taxes are too low! Enthusiast Mar 2014 #62

You did not answer my questions joeglow3 Mar 2014 #63

I do. He doesn't. Donald Ian Rankin Mar 2014 #51

based on Corporate finance 101.. srican69 Mar 2014 #9

Meh. Viable 3D printers are a decade away at most. Recursion Mar 2014 #24

sorry I totally missed your point .. What has 3D printers got to do with anything? unless srican69 Mar 2014 #45

I think we're slowly awakening to how ridiculous it is. reformist2 Mar 2014 #11

k&r n/t RainDog Mar 2014 #12

It's a shell game... ReRe Mar 2014 #13

We have a real large percentage of ass-kissers in our population! dmosh42 Mar 2014 #14

Because we are going to be rich ourselves one day treestar Mar 2014 #16

Part of it is that marions ghost Mar 2014 #18

this. PowerToThePeople Mar 2014 #41

Good observation, marion's ghost. (nt) Kurovski Mar 2014 #60

Answer is partly in the thread immediately above this in the Greatest page n2doc Mar 2014 #23

Yeah, why does JK Rowling have to keep writing books? Nye Bevan Mar 2014 #25

Not really the point now, is it? WinkyDink Mar 2014 #28

The subject of the thread is "tolerating mega-wealth". Nye Bevan Mar 2014 #30

Don't bash the insanely rich because they use their tax cuts wisely... Larry Ogg Mar 2014 #26

greed + fig leaf = incredibly persuasive argument unblock Mar 2014 #31

The Oligarchs, Corporations And Banks Own And Control The Politicians That Own And Control Us cantbeserious Mar 2014 #32

"viewed as shameful to be wallowing" moondust Mar 2014 #34

Why do you have to use terms like "fatso" joeglow3 Mar 2014 #35

I didn't use it . . . markpkessinger Mar 2014 #37

So, why re-post stuff with such disparaging comments? joeglow3 Mar 2014 #39

Because I think we're all adults here . . . markpkessinger Mar 2014 #48

I don't mind that people get mega wealthy LittleBlue Mar 2014 #40

John Calvin steve2470 Mar 2014 #43

This WhaTHellsgoingonhere Mar 2014 #44

Because we're still dumb enough to equate wealth with virtue... Orsino Mar 2014 #46

that was my point exactly, nailed it nt steve2470 Mar 2014 #67

Oh, and as for Bill Gates... WhaTHellsgoingonhere Mar 2014 #47

And, the Bill Gates Foundation is trying to dismantle public education... WhaTHellsgoingonhere Mar 2014 #49

Same question in shorter version... Bigmack Mar 2014 #53

I like that. WhaTHellsgoingonhere Mar 2014 #54

Can't find a better alternative. One_Life_To_Give Mar 2014 #58

Some wealthy are hoarders. It's a sickness. (Not joking here) Kurovski Mar 2014 #59

Absolutely it is an illness--an addictive illness marions ghost Mar 2014 #61

Thank you! Kurovski Mar 2014 #65

There was this at the end of the article: Kurovski Mar 2014 #66