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Posted by: Endoscopy 1 year, 4 months ago
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Endoscopy1 year, 4 months ago
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You will never get more out of the rich by raising their taxes. Why can't you understand that. Do you think they are stupid? They have tax/investment lawyers who will make sure that over a certain amount will be put in tax havens. The lower the tax rate the more comes out and works more for them and that then increases the tax revenue. The higher the tax rate the more they put in protected havens and the less is out working for them. That causes less tax revenue.
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OK lets tax those horrible business that are just in business to make that filthy money. Raise their taxes and they have increased the costs. That is what a tax is to a business. Then they have to increase the costs to their customers. They pay the taxes not the business. Is that hard to understand.
But what is the liberal mantra. increase the taxes on the rich and businesses since they can afford it. Then tax revenues go down from the rich and costs go up to customers of the businesses. That causes inflation. Is this the result you are aiming for?-
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flyonthewallzz1 year, 4 months ago
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Hello Endoscopy:
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I guess I am one of those screaming liberals.
I have spent a fair amount of time trying to justify my thoughts and even attempted to look at data with an open mind.
Here is a thought experiment if you choose to take it on:
Pick a company, divide there tax costs by their receipts, (all the finance page publish this information).
The result will be about the cash register cost to the consumer for corporate taxation.
I come up with about a penny on the dollar.
How much would that change if the tax rate went from 35% to 25%?
I think not much.
I would love it if this government spent less.
Have you looked at where most discretionary spending is going?
Have you looked at your kids pay stubs and wondered why they can not afford to move out of the house?
I could be way wrong but I honestly think that hard working folks are shouldering an unfair amount of the burden.
Nothing wrong with getting or being rich, but the system should at least appear to seem fair.
Before World War 2 they did not take a penny from poor folks, now 3/4s of folks pay more in Social Security than they do in taxes. And that amount of money represents a huge percentage of government receipts.
I hope I have not spoken disrespectfully.
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