Zonuss · 46-50, M
A lot. But nothing will happen. Why. Because humanity is corrupt.
Dainbramadge · 56-60, M
There sure is an awful lot of talk about rich people and how they spend their money lately.
I myself, really don't care about what other people have, only what I have or don't have.
Just because someone has more than I do doesn't mean they should share with me.
It's actually none of my business how much of anything anyone else has than me.
All I need to worry about is me and if I need to improve my income than I do what I can to do that.
Nobody owes anyone anything except for life,liberty and the pursuit of happiness.
I myself, really don't care about what other people have, only what I have or don't have.
Just because someone has more than I do doesn't mean they should share with me.
It's actually none of my business how much of anything anyone else has than me.
All I need to worry about is me and if I need to improve my income than I do what I can to do that.
Nobody owes anyone anything except for life,liberty and the pursuit of happiness.
View 2 more replies »
SunshineGirl · 36-40, F
@Dainbramadge Well, I'm self-employed and pay tax at a higher rate. Is that good enough?
Dainbramadge · 56-60, M
@SunshineGirl Nope. You could do so much more for our needy community.
Avectoijesuismoi · 31-35
@Dainbramadge I agree with you the only person that is responsible for what you have and what you achieve is yourself as a person. Also the only person that is gets in your way to achieve something is you in life. What most are scared of is getting off their you know what and actually doing the work to achieve it
Penny · 46-50, F
i agree. and it would be a nice compromise to socialism if the government would take that money and build businesses that would give people jobs and make more money for itself. why does it have to be all or nothing? i think i'd support government run businesses.
sunsporter1649 · 70-79, M
@Penny How's your solindra stock doing?
Reason10 · 70-79, M
@Penny i agree. and it would be a nice compromise to socialism if the government would take that money and build businesses that would give people jobs and make more money for itself. why does it have to be all or nothing? i think i'd support government run busines
That means you are a NAZI.
That means you are a NAZI.
It is hoarding money. Some have more money than they could spend in 100 lifetimes, while some have several jobs and still atruggle to pay for basics. Tax cuts will only benefit the wealthiest, those on modest income wouldnt really notice the difference. Some chief execs "earn" over 100 times the amount that blue colar workers do. Does that mean they work 100 times harder? Of course not. As I said, they ate hoarding money. If they were hoarding excess items like clothes or books, that would be seen as a problem. But because it's money, it is worshipped.

SW-User
@autumngirl27 Yup. Literally they could not spend their money if they tried. The only thing they can do is buy property and shares. And for what? To make more money...?
One of the considerable issues with a wealth tax is establishing the value of that wealth. Not only the value but the ownership. The super rich may have many assets which are unique and would require specialist valuations. This would be very admin intensive. Various elements of their wealth may be hidden and disputes over ownership would inevitably end up in lengthy and costly court cases.
It's pretty easy to assess the wealth of your average person as pretty much everything that they are likely to own will have an off the shelf value, excluding the odd heirloom. Its much more complex to assess the value of collector's items, the value of which may change exponentially from year to year and would need to be reassessed each year with another specialist valuation.
It's not that some form of wealth tax is impossible, but the wrong form of wealth tax could be extremely admin intensive and complex. It could tie up the court system and would also result in some leakage of wealth as a small number of the super rich move their wealth elsewhere.
It's pretty easy to assess the wealth of your average person as pretty much everything that they are likely to own will have an off the shelf value, excluding the odd heirloom. Its much more complex to assess the value of collector's items, the value of which may change exponentially from year to year and would need to be reassessed each year with another specialist valuation.
It's not that some form of wealth tax is impossible, but the wrong form of wealth tax could be extremely admin intensive and complex. It could tie up the court system and would also result in some leakage of wealth as a small number of the super rich move their wealth elsewhere.
SunshineGirl · 36-40, F
@UBotMate If the rich had paid income tax at the rates envisaged by government, a further wealth tax would not be necessary . .
SunshineGirl · 36-40, F
Everyone who earns a salary deserves it, that is beyond debate. But why should those on more modest salaries be denied decent housing, healthcare, etc, simply because they earn less? The burden of funding public goods must fall on those with the broadest shoulders, who would barely notice that additional 2%.
Roundandroundwego · 61-69
That's easy - the UN charter made it clear. Entitlements that guarantee a universal income, housing, education, access to leisure and travel are a start, and that's already the law. Get the USA and conservative politics out of the way and follow the UN charter.
Providing for the population, for everyone, is not optional. It's a government responsibility we can't let fascists sabotage.
Providing for the population, for everyone, is not optional. It's a government responsibility we can't let fascists sabotage.
SomeMichGuy · M
True.
TheOneyouwerewarnedabout · 46-50, MVIP
self sufficiency and jobs..
why any country allows foreign ownership of land or utilities is a crime..
why any country allows foreign ownership of land or utilities is a crime..

SW-User
@TheOneyouwerewarnedabout
why any country allows foreign ownership of land or utilities is a crime..
So why does a foreigner own America now?
sunsporter1649 · 70-79, M
Yup, punish the successful and reward the failures. It's only fair to do it, right?

SW-User
@sunsporter1649 It's not punishing anyone. Although frankly the rich deserve to be punished because NONE of them pay what they owe in taxes anyway.
sunsporter1649 · 70-79, M
@SW-User I recon they do, or they would all be in jail, except hunter
HotPizza71 · 51-55, M
But with all the tax dodges they do,we pay more tax than some rich folk!!!
MasterLee · 56-60, M
@HotPizza71 Doing the math, Buffett ends up with a personal tax liability from Berkshire of over $1.5 billion.

SW-User
@MasterLee
If even with these "loopholes' as you call them, a 'rich' person pays millions in taxes and you pay maybe $5000, that's fair?
Yes. How is it not fair?
SW-User
@MasterLee If that's Buffett's tax liability, I dread to think what the figures are for Zuckerberg, Bezos and Musk.
JohnnySpot · 56-60, M
Why don't the sports celebrities clean up the cities they work in? They don't need all that money.
Roundandroundwego · 61-69
@JohnnySpot values. Sport ain't no nanny state. You don't have no nanny state! Stay rough and live hard! You don't get why! No going left.
JohnnySpot · 56-60, M
@Roundandroundwego I just gave all my rent money to a panhandler.
JimboSaturn · 56-60, M
Unfortunately, taxes are going to lowered for the rich once again in the Trump administration.
JohnnySpot · 56-60, M
@JimboSaturn When one moves into a higher tax bracket they pay a higher rate and there is more money being taxed.
Of course some people are going to accumulate more money that has already been taxed then others.
Of course some people are going to accumulate more money that has already been taxed then others.
JimboSaturn · 56-60, M
@JohnnySpot The very rich find loopholes despite the progressive tax.
JohnnySpot · 56-60, M
@JimboSaturn Yes loopholes that's a whole different story the tax rate is from 10% to 37% depending on how much one makes.
This comment is hidden.
Show Comment
SunshineGirl · 36-40, F
@jshm2 No, we just need properly funded tax collection agencies and the wealthy to show a modicum of morality and social conscience.
This comment is hidden.
Show Comment
JohnnySpot · 56-60, M
Big business pays 75% of all taxes collect in the U.S.
This comment is hidden.
Show Comment