Saw the video on Fox News this morning of Barack Obama speaking to some guy without his teleprompter.
Isn't it true that you are going to raise taxes?
Yes, I believe we need to spread the wealth around.
Edited by Savage, 13 October 2008 - 01:24 PM.
Posted 13 October 2008 - 01:15 PM
Edited by Savage, 13 October 2008 - 01:24 PM.
Posted 13 October 2008 - 01:18 PM
Edited by Savage, 13 October 2008 - 01:24 PM.
Posted 13 October 2008 - 01:30 PM
Posted 13 October 2008 - 06:23 PM
Posted 13 October 2008 - 10:46 PM
Equality is what we should be striving for as humans. This sort of hyper-capitalistic rhetoric is the sort of thing that leads to such huge gaps between rich and poor not just in third world countries, but also right here in the United States of America.
Percentage of world population____Percentage of world income_____Yearly individual income
Bottom 10 percent______________________ 0.8_________________________$400
Bottom 20 percent_______________________2.0_________________________$500
Bottom 50 percent_______________________8.5_________________________$850
Bottom 75 percent_______________________22.3________________________$1,487
Bottom 85 percent_______________________37.7________________________$2,182
Top 10 percent__________________________50.8________________________$25,400
Top 5 percent___________________________33.7________________________$33,700
Top 1 percent____________________________9.5________________________$47,500
Edited by hrc579, 13 October 2008 - 10:54 PM.
Posted 13 October 2008 - 10:57 PM
Equality is what we should be striving for as humans. This sort of hyper-capitalistic rhetoric is the sort of thing that leads to such huge gaps between rich and poor not just in third world countries, but also right here in the United States of America.
So basically the United Nations
Posted 13 October 2008 - 11:40 PM
i'm glad you brought this up. You are absolutely right. This ultra-capitalistic nonsense has got to stop. But I really think the top 10% can stomach more than a 39.6% tax rate. I mean do you realize that the top 10% make 30 times more than the bottom 50%? How can we stand for this? Even if those fat cats are are taxed at 66% they will still have 10 times as much money as most everyone else. That is more than enough incentive for them to continue to work hard. It's only fair.Equality is what we should be striving for as humans. This sort of hyper-capitalistic rhetoric is the sort of thing that leads to such huge gaps between rich and poor not just in third world countries, but also right here in the United States of America.
Your absolutely right. Basically the United Nations should tax the top 10% of the world's population who are making 25,400 dollars or greater at 39.6 percent. Then that wealth could be funneled into helping the whole poor population of the world. Those rich fat cats making $25,400 don't need 39.6 percent of their money. That's just an obscene amount of wealth that isn't necessary.
Global Rich List.Percentage of world population____Percentage of world income_____Yearly individual income
Bottom 10 percent______________________ 0.8_________________________$400
Bottom 20 percent_______________________2.0_________________________$500
Bottom 50 percent_______________________8.5_________________________$850
Bottom 75 percent_______________________22.3________________________$1,487
Bottom 85 percent_______________________37.7________________________$2,182
Top 10 percent__________________________50.8________________________$25,400
Top 5 percent___________________________33.7________________________$33,700
Top 1 percent____________________________9.5________________________$47,500
Posted 13 October 2008 - 11:54 PM
Posted 13 October 2008 - 11:57 PM
Posted 13 October 2008 - 11:58 PM
Posted 14 October 2008 - 03:42 AM
Posted 14 October 2008 - 04:14 AM
Edited by Iam Empathy, 14 October 2008 - 04:18 AM.
Posted 14 October 2008 - 06:00 AM
Equality is what we should be striving for as humans. This sort of hyper-capitalistic rhetoric is the sort of thing that leads to such huge gaps between rich and poor not just in third world countries, but also right here in the United States of America.
Your absolutely right. Basically the United Nations should tax the top 10% of the world's population who are making 25,400 dollars or greater at 39.6 percent. Then that wealth could be funneled into helping the whole poor population of the world. Those rich fat cats making $25,400 don't need 39.6 percent of their money. That's just an obscene amount of wealth that isn't necessary.
Global Rich List.Percentage of world population____Percentage of world income_____Yearly individual income
Bottom 10 percent______________________ 0.8_________________________$400
Bottom 20 percent_______________________2.0_________________________$500
Bottom 50 percent_______________________8.5_________________________$850
Bottom 75 percent_______________________22.3________________________$1,487
Bottom 85 percent_______________________37.7________________________$2,182
Top 10 percent__________________________50.8________________________$25,400
Top 5 percent___________________________33.7________________________$33,700
Top 1 percent____________________________9.5________________________$47,500
Edited by sam988, 14 October 2008 - 06:01 AM.
Posted 14 October 2008 - 02:28 PM
Posted 14 October 2008 - 09:38 PM
Posted 15 October 2008 - 12:32 AM
Perhaps we should look at the actual tax plans.
Posted 15 October 2008 - 12:36 AM
Biknut, you forgot a zero there.This sort of backs up my assertion that when a Democrat politician says he's only going to tax the rich, his definition of rich is anyone making over $24,000. At least now we're all in agreement about this, right.
Posted 15 October 2008 - 12:47 AM
Elrond, what total tax rate (considering payroll, state, local, federal income with capital gains figured in, sales, and excise) do you think is so painful that people would consider leaving the country? Do we need the Wall Street Fat Cats who brought us the mortgage crisis? It looks like they need us more than we need them. At least that's the way our tax dollars are going. You can't seriously believe that the wealthy are going to skip the country because income tax rates go up a few percent, can you? Where would they move to? Some "Marxist" European country? Oh, I know, that great country where tax rates are low and there's no government on your back: Somalia! Contemporary conservatives never can seem to grasp these simple long term implications. Our manufacturing sector was shipped overseas because the owners could make more money by employing cheap foreign labor. Tax policy had nothing to do with that; it's just globalization at work.i'm wondering if you realize that those making more than half a million, and certainly those making more than 2 million have no problem just up and leaving this country if you make it too much of a pain to be here. We need them far far more than they need us. Contemporary liberals never can seem to grasp these simple long term implications. This is a big reason why america is now a nation of middle men; we make hardly anything.
Posted 15 October 2008 - 01:16 AM
Elrond, what total tax rate (considering payroll, state, local, federal income with capital gains figured in, sales, and excise) do you think is so painful that people would consider leaving the country?
Do we need the Wall Street Fat Cats who brought us the mortgage crisis? It looks like they need us more than we need them. At least that's the way our tax dollars are going.
You can't seriously believe that the wealthy are going to skip the country because income tax rates go up a few percent, can you? Where would they move to? Some "Marxist" European country?
Our manufacturing sector was shipped overseas because the owners could make more money by employing cheap foreign labor. Tax policy had nothing to do with that; it's just globalization at work.
Posted 15 October 2008 - 02:07 AM
I'm not trying to debate the cause of the mortgage crisis, so let me rephrase the question: Do we need speculators who take great risks using a lot of leverage and just trade, not invest? Should a hedge fund operator who brings home $100M in a year be taxed at LTCG rates of 15% even though he never had any principle at risk? You seem to be saying that the wealthy are good for society *because* they are wealthy. I think it's more reasonable to say that some people get wealthy doing things that are a net positive for society, and some don't. A lot don't.I'm not going to debate the causes of the mortgage crisis in this thread. However I will say, as you are also aware, these fat cats are primarily scape goats because no one wants to take on the blame they deserve themselves (which is almost everyone).Do we need the Wall Street Fat Cats who brought us the mortgage crisis? It looks like they need us more than we need them. At least that's the way our tax dollars are going.
Tax "incentives" are not tax policy, they are bribes. The tax policy I'm talking about is on the US side. I don't believe that manufacturing was "driven" offshore by our tax policy alone. And elrond, don't accuse me of intellectual dishonesty because I didn't mention every factor involved. You only mentioned taxation! Maybe in your head you weren't ignoring other factors, but in your post you did. I would think that I'd get a little more credit that just being behind my "team". That's insulting. The Democrats are not my "team". I favor them because they are more reality-based and have policies that are better for our society. I also favor them because the Republicans have been hijacked by a bunch of anti-intellectual liars. I will support whichever political party has the best policy as measured by things like actual facts and logic. "Teams" have nothing to do with who I support.Cheap labor is one factor. Tax policy is another factor (many of these corporations got huge tax incentives in the nations they moved too, and you know this). The 3rd and arguably biggest factor were our labor unions. Please do not ignore factors other than your favorite. I don't. I realize it is election time and you want to be behind your team for the win, but it looks like they are going to win by a fair margin so I think we can afford a greater degree of intellectual honesty.Our manufacturing sector was shipped overseas because the owners could make more money by employing cheap foreign labor. Tax policy had nothing to do with that; it's just globalization at work.
Posted 15 October 2008 - 02:41 AM
Do we need speculators who take great risks using a lot of leverage and just trade, not invest? Should a hedge fund operator who brings home $100M in a year be taxed at LTCG rates of 15% even though he never had any principle at risk? You seem to be saying that the wealthy are good for society *because* they are wealthy. I think it's more reasonable to say that some people get wealthy doing things that are a net positive for society, and some don't. A lot don't.
And elrond, don't accuse me of intellectual dishonesty because I didn't mention every factor involved. You only mentioned taxation!
The Democrats are not my "team". I favor them because they are more reality-based and have policies that are better for our society. I also favor them because the Republicans have been hijacked by a bunch of anti-intellectual liars.
Posted 15 October 2008 - 03:42 AM
Taxes aren't "punishment". Let's not even worry about whether or not they "deserve" their wealth. (Although some clearly deserve it more than others.) Societies have expenses that need to be paid for, and the wealthy derive more benefit from society than the poor, so it's fair that they should pay more. The total tax rate on the middle class tends to be higher than the total tax rate on the wealthy. This is due to the capping of Social Security tax at $102K, the large amount of income taxed at LTCG rates for the wealthy, and the smaller fraction of the wealthy's income that is spent on sales and excise taxable items. I think that the overall tax rate on the hedge fund operator should be at least as much as the overall tax rate on the guy who mows his lawn.Do we need speculators who take great risks using a lot of leverage and just trade, not invest? Should a hedge fund operator who brings home $100M in a year be taxed at LTCG rates of 15% even though he never had any principle at risk? You seem to be saying that the wealthy are good for society *because* they are wealthy. I think it's more reasonable to say that some people get wealthy doing things that are a net positive for society, and some don't. A lot don't.
I don't disagree with any of what you just said. However how do you make the determination with who and who doesn't "deserve" what they have. Certainly not based only on your own morality?
The consequences are far too dire in making a mistake and punishing those that do deserve their wealth when we make sure we punish those that don't deserve it according to whatever morality we are using. In a court of law we only punish people who are guilty beyond a reasonable doubt. That means that a lot of guilty people get away, but in our society we think that is ok if it means that we don't punish the innocent. Most people of wealth have earned it. Punish them and beware. They might either leave or just not bother to earn it.
Politicians have to lie because the voters demand it. They can't handle the truth. Politician A: "We have a problem here. I'm going to have to raise taxes a bit." Politician B: "Everything is fine. We can have taxcuts AND benefit increases!" Politician B will probably get elected. However, there is a level of lying that goes beyond this. McCain keeps telling people that Obama will raise their taxes, which is not true for the general audiences he is speaking to. He blames the mortgage crisis on the CRA and GSEs, which is demonstrably untrue. Palin kept telling the story about how she said no to the bridge to nowhere, even after it was repeatedly pointed out in the media that this wasn't true. There are lots of other examples from the McCain Palin campaign, but not so much from the Obama campaign. The whole list of Right Wing Nutcase Talking Points is phony. Obama's a Muslim, he's not an American citizen, he's a terrorist, he'll raise taxes on the middle class, you won't be able to choose your own doctor, etc.. The campaign arguments I hear from the Left are a lot less detached from reality. I don't think that's bias; I think an objective observer would back this up.Politicians are liars. Democrats are certainly not exceptions to this rule. Saying that republicans are liars when it is a trait shared by both parties demonstrates bias to me. This is not meant as an insult, as you are certainly far more intelligent than most people engaged in these discussions, and I respect you enough that I will give you my straight talk, rather than sugar coating it or just ignoring it as I do from most of the posters in the politics (and supplement) sections .The Democrats are not my "team". I favor them because they are more reality-based and have policies that are better for our society. I also favor them because the Republicans have been hijacked by a bunch of anti-intellectual liars.
Posted 15 October 2008 - 09:18 AM
Taxes aren't "punishment".
Punishment is the practice of imposing something unpleasant or aversive on a person or animal
In psychology, punishment is the reduction of a behavior via a stimulus which is applied ("positive punishment") or removed ("negative punishment").
Societies have expenses that need to be paid for
Let's not even worry about whether or not they "deserve" their wealth. (Although some clearly deserve it more than others)
the wealthy derive more benefit from society than the poor, so it's fair that they should pay more.
The total tax rate on the middle class tends to be higher than the total tax rate on the wealthy. This is due to the capping of Social Security tax at $102K, the large amount of income taxed at LTCG rates for the wealthy, and the smaller fraction of the wealthy's income that is spent on sales and excise taxable items.
total fed government income in 2007 (taken from wikipedia)
* $1.1 trillion - Individual income tax
* $869.6 billion - Social Security and other payroll taxes
* $370.2 billion - Corporate income tax
* $65.1 billion - Excise taxes
* $26.0 billion - Customs duties
* $26.0 billion - Estate and gift taxes
* $47.2 billion - Other
Edited by elrond, 15 October 2008 - 09:44 AM.
Posted 15 October 2008 - 09:10 PM
Posted 15 October 2008 - 09:27 PM
If you're voting for Obama because you think your taxes will go down you might want to think again.
When compared with current law, people earning $20,000-$50,000 a year will see their effective tax rates -- the amount of money the taxpayer actually ends up paying the government -- increase on average under Obama's plan, according to Tax Policy Center figures.
Most households making $30,000-$75,000 will not see a reduction in their taxes under Obama's plan relative to current law, according to the Center. In fact, the only strata that will see a majority of its effective tax burden reduced under Obama are those making less than $30,000 per year and those making $75,000-$200,000 per year
http://www.cnsnews.c...px?RsrcID=37519
Also when Obama rolls the Bush tax cuts the standard deduction will be less, the marriage tax penalty will be back, and the tax rates will be back to 15/39% instead of the current 10/36%. So Obama is only playing word games with "TAX CUT ON THE RICH". Everyone will see an increase except those that do not pay taxes.
Edited by Iam Empathy, 15 October 2008 - 09:35 PM.
Posted 15 October 2008 - 09:35 PM
So you are getting your paycheck from a poor person? (how's that workin out for ya?)bullshit "trickle down"
Edited by Savage, 15 October 2008 - 09:37 PM.
Posted 15 October 2008 - 09:37 PM
So you are getting your paycheck from a poor person (how's that workin out for ya?)?bullshit "trickle down"
Or are you being paid by the government?
If it's not either of those options, isn't it logically the case that money is coming from richer persons (your employer) to poorer persons (you)?
Your point of view is so flooded with insanity I can't believe I'm wasting my time arguing with you. But its so damned easy, I have to say SOMETHING.
Edited by Iam Empathy, 15 October 2008 - 09:38 PM.
Posted 15 October 2008 - 09:43 PM
So you are getting your paycheck from a poor person? (how's that workin out for ya?)bullshit "trickle down"
Or are you being paid by the government? (NOW we understand your obsession with theft by taxation)
If it's not either of those options, isn't it logically the case that money is coming from richer persons (your employer) to poorer persons (you)?
Your point of view is so flooded with insanity I can't believe I'm wasting my time arguing with you. But its so damned easy, I have to say SOMETHING.
Edited by Iam Empathy, 15 October 2008 - 09:46 PM.
Posted 15 October 2008 - 09:50 PM
Hahahaha...So you are getting your paycheck from a poor person? (how's that workin out for ya?)bullshit "trickle down"
Or are you being paid by the government? (NOW we understand your obsession with theft by taxation)
If it's not either of those options, isn't it logically the case that money is coming from richer persons (your employer) to poorer persons (you)?
Your point of view is so flooded with insanity I can't believe I'm wasting my time arguing with you. But its so damned easy, I have to say SOMETHING.
The reason it seems like "insanity" is because it's a different point-of-view.
Edited by Savage, 15 October 2008 - 09:55 PM.
Posted 15 October 2008 - 09:59 PM
Hahahaha...So you are getting your paycheck from a poor person? (how's that workin out for ya?)bullshit "trickle down"
Or are you being paid by the government? (NOW we understand your obsession with theft by taxation)
If it's not either of those options, isn't it logically the case that money is coming from richer persons (your employer) to poorer persons (you)?
Your point of view is so flooded with insanity I can't believe I'm wasting my time arguing with you. But its so damned easy, I have to say SOMETHING.
The reason it seems like "insanity" is because it's a different point-of-view.
It seems like insanity because you are throwing all logic and causality out the window in your "different point-of-view".
I know you are just super-sensitive to how people think of the US, but anybody that has the least bit of education knows that we have the most powerful and successful economy on the planet, so why would we give a fck what people think? You take advice on weight loss from a fat ass?
'Lead by example' is entirely more sane than 'lead by blind emotional reaction'.
Edited by Iam Empathy, 15 October 2008 - 10:02 PM.
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