Give me a good reason why the rich should pay more taxes

Which means you're embracing what you arbitrarily think is "fair", not about what makes the most fiscal sense.

Currently, the Rich pay an amount close to 55% in absolute taxation. Meanwhile, President Obama's own economic advisers determined two years ago that that rate needs to fall to 33% to extract the most tax revenue.


You need to decide which it is that matters to you, is it punishing the rich, or is it addressing fiscal realities?

 

Heh, Interesting...

If ALL the rich refused to pay their taxes....
Would they be arrested?
Surely we wouldn't be able to keep them in jail because there would not be enough $$$ to keep them.*
And the rest of the country would have major problems too.



*Likely that their assets would be seized and that would be used to take the taxes, so they could remain in jail.

 

Its amazing that you give all the credit and none of the blame to the dems.

Going over the so-called cliff will raise everyone's taxes, and will apply mandatory accross the board reductions to all govt programs---it is exactly what needs to happen.

You lefties need to get over the obsession with taxing the rich---that is not the answer. it may help you with your envy and jealousy of rich people, but it will do nothing to solve our fiscal problems.

 

taking 5% more from rich people will do nothing towards reducing the deficit. the government will just spend it. they will continue to just pay the interest on the debt and never pay down the principal.

 

yes, but obama and the dems will not keep spending constant. He has already called for anothe stimupork bill and more spending for obozocare. It they collect more they will spend more. your statement is correct, but your leaders will not do what you suggest.

 

If all you want to do is spout RW partisan BS, then have at it. Discussion ends. Unless you feel the congress of the 1990's and 2000's are left.
Why didn't you throw 2 guys into the discussion as well? Afterall those 2 are solely responsible for the housing boom. LOL.

 

So what. Just go to the country with no taxes, you won't be missed, I'm sure.
PS - maybe you could post that country so others can follow you. And why are you not there now? It must be a whole lot better than here.

 

Welcome to the world in where you have to live with people.
Either you help them out out of jail, or you help them out in jail. A little dramatic but the point is, those who can't afford or don't qualify for income taxes have to eat and stay warm. IF they don't, they tend to do illegal things to survive. So, yes, if you can benefit yourself by figuring out the system and make lots of money, it is in your interest to help those who haven't figured it out. Teach them if you must. But eat, they must.

 

We may have not ended poverty. Probably never will. But at least now, those in poverty don't have to pull their kids out of school to help pay family bills. They can finish school, maybe go onto higher education, and become a good productive member of society and pay taxes. It's a win win when kids don't have to leave school to pay for food for the family.

 

Similar result when you take money from the poor who barely can get the essentials. You will lower demand.

 

Consumption is (*)(*)(*)(*)-poor GDP quality anyway, if it falls, it falls.


As to "Public education", why do many pay for it through taxes, equal to many private schools, but with not nearly the same result?

 

You can call that BS whatever you want but it is in fact almost universally rejected nonsense....

 

In the right wing bubble.

 

Enabling consumption is the ultimate goal of all economic activity.

Actually, there is no good evidence that private schools get significantly better results than public ones.

 

There is nothing arbitrary about turn-taking being fair.

That claim is false.

Yet the rich's capital gains/dividends/carried interest tax rate is at 15%...

Fiscal realities like the rich paying a marginal 15% rate while working people pay 35%?

 

They are fleeing to Belize and Singapore.

 

If you don't know why public schools don't do as well as private schools by now, I can't explain it to you. All I will say is public schools are forced to take every student whether they want to be there or not.

 

Who is they? Many posting here seem to be in the US. They lowered their rates in the 1980s and implemented basically a VAT as a way to make up for the lost income tax revenue.

I would be in favor of lower income tax for a type of VAT as well.

 

try to pay attention. When I say "the left" I am including leftists from both parties. This is not a dem/repub problem. Our problem has been caused by liberal ideology from both parties. Its more prevalent in the dem party, but both are guilty and both are responsible.

Liberalism and its diseased thought processes is the problem.

 

That is half the story...that is how they sold the idea but within a decade or so the income tax was as high as ever and the vat had grown by several hundred percent..

 

Why do believe ceding some socialized Power and delegating it to our elected representatives for the greater good is unethical or immoral?

 

It is what happens when you merely teach people how to fish instead of strive for the "holy grail" of Perfection in money management.

 

I would help you guys out, but I may still be biased, right now.