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#761 (permalink) |
MB quadrant's JM Vincent
Join Date: Dec 2009
Location: Washington, DC
Posts: 3,762
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I think you don't understand how the tax system works - you pay a flat fee and then pay 40% on any earnings over the lower bound of the bracket.
Clearly you have not been out in the world long enough to appreciate the difference between living on 30k vs. 1.5 mil. The person leaving with 1.5 mil will have no problem paying their bills. They would have no problem if they only left the table with 1mil. The $5000 taken from the lower earner may result in them not paying rent and being evicted from their apartment. Hoarding wealth is reprehensible. The whole reason the 1% are not taxed more is because of the foolish idea that they will stimulate the economy and the wealth will trickle down. We've tried that for 30 years and it's clear that philosophy has failed. The solution is to make their contribution to the economy a lawful requirement.
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#762 (permalink) | |
the worst guy
Join Date: Oct 2011
Location: Miami is the place
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Hoarding wealth is reprehensible, but taking money from somebody's earnings by force isn't? Explain that to me please.
And I'll concede that I don't understand the exact tax process.
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#763 (permalink) | |
MB quadrant's JM Vincent
Join Date: Dec 2009
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You want the benefits and privileges of living free in an open market? You pay your dues. You make 100x more than the average American? You pay 100x more taxes. End of story.
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#764 (permalink) | |
the worst guy
Join Date: Oct 2011
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You can't just say words. Explain to me why it's perfectly reasonable to take a higher percentage of money off wealthy people?
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#765 (permalink) | ||
the worst guy
Join Date: Oct 2011
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#766 (permalink) | |
MB quadrant's JM Vincent
Join Date: Dec 2009
Location: Washington, DC
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These aren't just words. Contributing to the system that makes your life so good is a RESPONSIBILITY. One that the poor have no choice over and one that the rich are constantly trying to get out of.
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#767 (permalink) |
Toasted Poster
Join Date: Oct 2014
Location: SoCal by way of Boston
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Yet this doesn't prohibit you from making silly statements about it? Ok.
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“The fact that we live at the bottom of a deep gravity well, on the surface of a gas covered planet going around a nuclear fireball 90 million miles away and think this to be normal is obviously some indication of how skewed our perspective tends to be.” |
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#768 (permalink) | |
Toasted Poster
Join Date: Oct 2014
Location: SoCal by way of Boston
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The other thing is that the wealthy have the means to find loopholes so that they do not have to pay their fair share. Again, Trump being a prime example.
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“The fact that we live at the bottom of a deep gravity well, on the surface of a gas covered planet going around a nuclear fireball 90 million miles away and think this to be normal is obviously some indication of how skewed our perspective tends to be.” |
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#769 (permalink) | |
MB quadrant's JM Vincent
Join Date: Dec 2009
Location: Washington, DC
Posts: 3,762
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Confusion will be my epitaph... |
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#770 (permalink) |
MB quadrant's JM Vincent
Join Date: Dec 2009
Location: Washington, DC
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That's what I mean. I get that it feels like your money is being taken away. It's not. That money is still going towards things the federal government thinks will benefit you. How they spend that money is up for debate, but that's it in a nutshell.
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