Where do we finally end up with "raise the taxes on the rich"?

Discussion in 'Political Issues' started by frank4570, Feb 6, 2013.

  1. frank4570

    frank4570

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    Clearly there are a lot of people in this country who have bought into the idea that there is plenty of money for everybody of we could just tax the rich enough. And it's not just our country, other countries are doing this, too.

    It's a spending problem, not a tax problem. Where will this all lead us eventually? It isn't sustainable.
     
  2. JBnTX

    JBnTX

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    Reminds me of a Winston Churchill quote:

    "For a nation to try to tax itself into prosperity is like a man standing in a bucket trying to lift himself up by the handle."
     

  3. sbhaven

    sbhaven

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    Who gets to define who's "rich".... :whistling:
     
    Last edited: Feb 6, 2013
  4. frank4570

    frank4570

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    Whoever has the votes.
     
  5. Z71bill

    Z71bill

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    If you include all taxes - sales, income, payroll, gas, estate, gift, excise -

    110% :rofl:
     
  6. F14Scott

    F14Scott Luggage CLM

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  7. aircarver

    aircarver Descent Terminated Silver Member

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    This.

    People have been voting completely oblivious to reality ... :upeyes:

    They screwed it up, but we have to fix it ?

    I don't think so ...

    .
     
    Last edited: Feb 6, 2013
  8. Khufu

    Khufu Pharaoh

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    Pensioners thinking that someone else should support them and there is an endless supply of money.

    [​IMG]

    Look at SS - 20%
    Medicare, Medicade and CHIp - 21%

    So pensioners are responsible for around 30% of govt spending.

    So who is defining rich so they can still get their money??
     
  9. Fox

    Fox Varmit Control

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    Envy and class warfare.

    The message is that 1% has all the wealth and everyone else is poor because of it.
     
  10. casualoffender

    casualoffender JAFO

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    "Who is John Galt?"




    Atlas Shrugged.
     
  11. frank4570

    frank4570

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    You're exactly right. It's a lie, and a bunch of people believe it.
     
  12. JBnTX

    JBnTX

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    Didn't a "pensioner" earn that money for services rendered?
    Would you include retired military as one of those people?

    Don't you think there's a difference between someone who worked a lifetime for a company and someone who receives a check for doing absolutely nothing (welfare)?

    :steamed:
     
    Last edited: Feb 6, 2013
  13. devildog2067

    devildog2067

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    Sure. Of course they did. So what?

    Yes. Absolutely.

    Of course there is.

    But there's one gigantic, important similarity--they both cost the federal government money and the money isn't there.

    I'm in no way in favor of military veterans getting screwed out of their retirement. They earned it. But let me ask you this--if, one day, it comes down to a choice between paying military retirees, or paying the actual military--which one do we choose? We may very well be in a situation where we don't have money to do both.

    It isn't right, but it is what it is. Part of the reason I didn't make a career of the miltary is that I could do the math, and I don't think the federal government is going to be in the position to pay me a pension I can live off of in 50 years.
     
  14. Khufu

    Khufu Pharaoh

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    No. The money is gone. It was spent. It was a TAX.

    http://www.ssa.gov/oact/progdata/taxRates.html

    just so you are clear what the SSA calls it:

    Social Security & Medicare Tax Rates

    It is not Social Security & Medicare Investment Rates

    It is not Social Security & Medicare Savings Rates

    It is:

    Social Security & Medicare Tax Rates

    Do you understand what "TAX" means?

    Let me help


    tax
    [taks]noun
    1.a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc.
    2.a burdensome charge, obligation, duty, or demand.

    Where exactly does services rendered come into the definition of tax? Are you disputing that the US government and the social security administration call FICA a TAX


    Basic comprehension is should become your friend. What I posted shows "Benefits for Federal Retirees and Veterans" as a separate line item of 7%. Had I meant to include them I would have.

    What you negotiate with a private company is none of my concern. Paying taxes to support a government ponzi scheme because people are too stupid to understand that they paid a TAX and somehow think they paid into pension plan that they are owed returns on is my concern.
     
  15. frank4570

    frank4570

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    They should have started phasing out the retirement ponzi scheme a long time ago. Each generation gets 10% less than the last generation until it is gone. If everybody has fair warning they can prepare.
     
  16. JohnBT

    JohnBT NRA Benefactor

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    "No. The money is gone. It was spent. It was a TAX. "

    You haven't proven that they failed to earn the pension, only that the money is gone. Two different things.
     
  17. Sharkey

    Sharkey

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    Tax the rich means those who have jobs. Taxes have gone up for everyone.
    Free healthcare is gonna cost a lot too.

    You can't even own property free and clear anymore and then throw in an estate tax when you die.

    The govt take more in fuel tax that the oil companies make in profit. The Feds have been and continue to be the problem. Well the statist voter who continues to vote them in is also the problem.
     
  18. Khufu

    Khufu Pharaoh

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    You don't get the difference between a TAX and a pension. Let me help:


    tax
    [taks]noun
    1.a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc.


    pen·sion
    [pen-shuhn; French pahn-syawn] noun, plural pen·sions [-shuhnz; French -syawn]
    noun
    1.a fixed amount, other than wages, paid at regular intervals to a person or to the person's surviving dependents in consideration of past services, age, merit, poverty, injury or loss sustained, etc.: a retirement pension.


    You fail to answer the question. Is FICA called by the SSA (social security administration) and govt a "tax" or a "pension"? That answers your question if SS was earned. If it is a tax, it is not earned; if it is a pension it is earned.

    Since you have problems with reading and comprehesions, let me help.

    [​IMG]

    Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) program and Medicare's Hospital Insurance (HI) program are financed primarily by employment taxes


    Can you read this is a PROGRAM funded by TAXES? No-where is it called a pension.
     
  19. lavon_andy

    lavon_andy

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    My retirement plans don't include money from SS to say the least.

    Our tax rates are still lower then quite a number of other countries; but that's not the point is it? It would be awesome if the Red and Blue could pull their heads out of each others asses and realize that a budget has two parts; spending and income.

    That said... taxes keep me employed


    Posted using Outdoor Hub Campfire
     
  20. rppnj

    rppnj

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    This socialist administration defines 'rich' as income beginning right around the amount that small businesses (middle class) earn; small businesses contribute to society and the economy via hard work, budgeting, saving, spending and supplying jobs. Increasing taxes on small businesses will either tax them out of existance or cause them to layoff employees or not hire new employees. The balance has tipped...the losers now outnumber the workers...the inmates are now running the asylum! We are doomed!