Liberals, I'm Curious. How much money is enough? What's the max?

Your talking economic theory, I'm an accountant I'm not challenging you on the economics.

It's simple: the corporate model will not sustain stagnant or negative returns, it does not matter who owns it, the employees or shareholders.

If you increase costs (taxes, cost of goods, etc.) then profit goes down. When that happens adjustments have to be made to maintain profitability or in the case of a non-profit, sustainability. Trace those changes far enough, and the bulk of them will lead you to the consumers or the employees making up the difference.

 

Identity politics is the game of the left. I try to respect everyone no matter what label the left prescribes.

 

Not quite. Economic theory would refer, for example, to marginal cost pricing. Mark-up goes beyond that.

The corporate world finds returns through growth and diversification. To suggest it has to amend prices, when such changes can be deeply damaging, is not credible.

You're only confirming why accountants make bad economists.

 

If doesn´t work that way, it´s an excise marginal tax. It doesn´t kick in until you get to a certain point and then the increase is only on anything beyond that. Also it´s not confiscatory, somewhere between 40 and 70% but even thatś sliding.

I believe Elizabeth Warren is the only one that´s come up with a figure the new tax starts at and it´s 50 million dollars. If you´re not willing to pay some extra out of that I will gladly send your new address to whatever terrorists are running the country you move to.

 

The left is heterogeneous in comparison. However, even that word is alien to your comment!

 

So that means the rich should put it all in stocks and real estate......

 

Yes, but the amount of tax deductions possible was much greater at the time. Nobody really payed 92% in taxes.

 

Stocks are liquid assets. I've got to give it to our resident liberal @Kode, at least he had the balls to come up with a number. All the rest want to dodge the issue and turn it into some kind of tax rate bullshit.

 

Is that how you do it?

 

No, they want to talk sense. You came out with the 100% marginal rate tax argument without knowing it. You just can't work out the economics.

I agree with you over the Kode resident liberal comment mind you!

 

No such thing as a 100% tax rate. It's called 100% confiscation. And in the scenario I am talking about, if the liberal SJW utopia max number is $5,000,000 for example, if I made any income of any level that added to the $5M, then it would be confiscated. So your tax rates don't mean squat.

 

Wrong again. Marginal rates of tax will often exceed 100% for the lower paid, given the perverse interaction of tax and benefit systems.

 

Oh Really? Show me an example. Over half of the country doesn't pay net taxes and on top of that, we've got upwards of 25+ million illegal aliens.

And liberals are always clamoring about 'paying your fair share'. Such bullshit.

And I can't help it if you can't understand the OP. A child could, but I digress.

 

Its like you've never heard of Friedman's Negative Income Tax...

 

You have another explanation for this, I'm sure.

 

Why would we want to take all of your income over 5 million.
We (I) want to maximize revenue. To do that we need to keep you working to make more.
History shows the number to be taking about 50% of all the money you make over 5 million.
See how it works?
Then when you die I want 40% of all your net wealth over 5 million. But don't worry, you won't feel a thing.

 

Any Firms leaving for cheaper wages should be excised the difference and those funds used to fund unemployment compensation for simply being unemployed in our at-will employment States.

 

I think everyone here understands marginal tax rates and progressive taxes.

Wealth was brought up so I wanted to know what net worth is acceptable. Still like to know. I’ve accumulated my wealth through hard work, frugality, and delayed gratification. Is my wealth more kosher than someone else’s who worked smarter not harder and made it faster in bigger chunks?

So does Warren speak for you or do you have an opinion?

Oh, and can you explain how estate taxes are not confiscatory?

 

I don't think that's entirely clear.

I don't think it's about acceptable, but rather what is optimum.
Really bad things happen when the rich have all the money. (Think 1920's.)

So does Warren speak for you or do you have an opinion?

Your dead. Do you want to take it with you?
But yeah. it is. Same reason that caused the great crash.

 

Sure; after paying the tax.

 

Better take a look at post 41.

 

Are they, How?

The only way I can see they are doing this is by raising their prices, and corporations, like any business, CANNOT just raise their prices every time they have an increase in their costs. Businesses have competition and if the competition can offer whatever they sell at a lesser price they will get that business and the former business will be..uh... former And don´t say that since they all pay the tax they can all raise the price. The public can simply not buy the product at all or buy less of it AND there is always one guy who figures out how to cut a corner rather than raise a price.

Taxes are not prunes, they can´t be just passed on willy nilly.

 

I doubt it. Accountants are highly educated.

 

Can you prove that? True that nobody paid 92% of their income in taxes. It's about brackets.

 

Tax "rates" (brackets) are how income taxes work. OF COURSE ANYONE WITH HALF A BRAIN WOULD TURN IT INTO A DISCUSSION OF TAX "RATES" (brackets). You really want someone to give you a dollar amount above which income would be confiscated? You first need to find a stupid person.