Hand-Outs For The Rich Are Ok But Handouts For The Needy Aren't?

Discussion in 'Political Opinions & Beliefs' started by woodystylez, Sep 10, 2012.

  1. Slyhunter

    Slyhunter New Member Past Donor

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    What percentage of the rich's income do they pay for survival vs the percentage that the bottom 50% spend on survival?
    When you add survival to taxes and count that as a percentage and both are equal it's equal until then the rich need to pay more in taxes.
     
  2. Slyhunter

    Slyhunter New Member Past Donor

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    No I wouldn't. Government action throws the dollar out there. Market forces control how much the dollar is actually worth.
    Exception, if the government throws too many dollars out there they devalue their own currency.
    So basically it's supply and demand.
     
  3. Meta777

    Meta777 Moderator Staff Member

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    I don't think you understand what I'm saying.
    It may be the people (through the market) who ultimately decide how valuable a dollar is when it comes to how much they are willing to give up,
    but what ever such value is that people decide a dollar holds, it is value that would not have existed had some entity not ensured
    that the supply of these dollars was limited, and that there was some initial guarantee attributed to them, for without
    either of these two traits, in addition to the relative convenience of dollars,
    all of which value created by government in the case of reserve notes,
    there would be no reason for reserve notes to become the standard,
    in other words, there would be no reason for people to accept them,
    ie, they would have no value as a currency.

    Again, even simply creating the dollars as a convenient store of exchange-value is value which is government created,
    But putting that particular value aside for a moment, even if all the government did was "throw the dollars out there"
    but did not ensure that supply of dollars was limited or attach some sort of guarantee to them,
    do you honestly think that the markets would still attribute the same amount of value to reserve notes?

    In short, what I'm saying is that government creates the value of dollars, the people/markets decide how much that government created value is worth.

    Exactly which part of this are you disagreeing with?
    Do you disagree that it is government that limits and guarantees reserve notes?
    Do you disagree that that, along with convenience, is what causes the notes to be used as a standard?
    Or do you disagree that scarcity, a guarantee, and standard store are the only value that a currency holds for markets and most individuals?

    -Meta
     
  4. Slyhunter

    Slyhunter New Member Past Donor

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    I really don't understand why we are talking about this in this thread or why it matters within the context of this thread.
     
  5. angrytaxpayer12

    angrytaxpayer12 New Member

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    this country will not get any better until any politician stands up and cuts entitement programs.
     
  6. maat

    maat Well-Known Member Past Donor

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    I'm saying that the lower 50% are not paying their fair share. And, in many cases, they are being paid to live here. Everyone who enjoys the protections and services of the government should pay something for them. The rich pay far more than necessary to provide constitutional government.
     
  7. maat

    maat Well-Known Member Past Donor

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    Rediculous. Survival by whoms definition? I bet the vast majority of these survivalist have cars, tv's, refridgerators, cell phones, air conditioners, hot water, cable, smoke cigarettes and drink alcohol. Surviving? Give me a break.
     
  8. Meta777

    Meta777 Moderator Staff Member

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    The OP is asking why we should give handouts to the rich and not the poor.

    Some posters are basically trying to say that giving tax dollars to the rich is not giving them a handout,
    because the rich, according to them, are the very people who create the value of those dollars,
    not the poor, and not the government, and that government should have absolutely no say in how those dollars are spent.

    Anyone who lives in America and accepts reserve notes in exchange for goods and services
    does so with the understanding that they will have to pay some of those notes back in taxes however,
    and as the creator of the value which dollars hold, the government has every right to set such conditions.

    If the rich don't like those conditions, then the rich should not accept reserve notes as payment. Simple as that.
    Now, if the government starts taxing Disney dollars, then that is a different issue...

    BTW, I personally don't believe in handouts for anyone that doesn't really need them.
    That includes handouts to the rich and poor alike.
    I would rather people who need money be given an opportunity to work for it assuming they are physically able.

    -Meta
     
  9. Meta777

    Meta777 Moderator Staff Member

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    The poor, on average, do pay something for those government services.
    BTW, exactly what would you consider a fair share, and is it realistic?

    I personally believe that if one owns a certain percentage of the country's net-worth,
    it is fair for one to pay close to that percentage of the taxes towards the government that acts to protect it and ensure its overall growth.

    [​IMG]

    -Meta
     
    Slyhunter and (deleted member) like this.
  10. snooop

    snooop New Member

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    I believe RICH should pay for my foods because I'm POOR.
    I believe RICH should pay for my education because I'm POOR.
    I believe RICH should pay for my healthcare because I'm POOR.
    I believe RICH should pay for my student loan because I'm POOR.
    I believe RICH should subsidize my housing because I'm POOR.

    Progressive liberals/socialists on this board never get tired with their "Robin Hood" propaganda.
     
  11. Meta777

    Meta777 Moderator Staff Member

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    Well, whether you like it or not, it is the government's job to use its resources to look after the general welfare of the citizens,
    and that includes the poor. And general welfare can entail many things, but at the very least one would think that it
    entails feeding those who for whatever reason do not have the money to feed themselves.

    But again, me personally, I do not believe in handouts where handouts are not necessary to promote welfare.
    Tell me, what are your personal views on requiring able-bodied jobless welfare recipients to work for their welfare?

    -Meta
     
  12. snooop

    snooop New Member

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    Read above post. Is there anything you DO NOT understand?
     
  13. Meta777

    Meta777 Moderator Staff Member

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    Wait, I'm confused. Are you wanting me to read my post? Or the post that I quoted?? o_O
    Either way, I've already read both of those posts, and I don't believe I've misunderstood what either was trying to say.
    Is there something in my post that you didn't understand?

    -Meta
     
  14. garyd

    garyd Well-Known Member

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    Meta Strip out the Social security and medicare medicaid taxes that the poor will recoup in total and the rich won't ever see a dime of and then then look at the numbers...
     
  15. MAcc2007

    MAcc2007 New Member

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    So you believe the tax code should be based on net worth, not on income or sales? With a tax code organized based on net worth instead of income you promote frivolous spending to avoid paying taxes (i.e. lower net worth means lower taxes). Is that really something we want to promote?
     
  16. Slyhunter

    Slyhunter New Member Past Donor

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    What a great idea to increase GDP.
     
  17. hiimjered

    hiimjered Well-Known Member Past Donor

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    Things for the general welfare benefit everyone. When some people are forced to pay for programs, but reap no benefit from those programs, those programs stop being for the general welfare and are actually for the specific welfare of the recipients.
     
  18. SGTKPF

    SGTKPF New Member

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    "Well I wonder why they don't think Republicans are giving hand-outs to the rich."
    .... That's a joke, right? That is literally all you hear from those on the Left. Unless you are referring to a different "they."

    "Are the rich really crying, "I can't hire anyone because I can't afford it" while living like this?"
    a.) No one is saying that the rich can't afford to hire more people. But rather that it isn't cost effective to do so. There is a difference. A poor family may be able to afford a cable service with all of the perks.. But doing so may force them to eat nothing but ramen noodles. They can afford it, but it is a bad idea. But even more directly related to cost effectiveness is a cost/benefit analysis of hiring an employee. Why on earth would anyone hire someone who only brings their company $50,000 of revenue if it cost the company $100,000 dollars to bring on that employee (between salary, benefits, training, etc.) That is not only stupid, but will ensure that the company can not hire anyone else, because there will be no money to pay them!
    b.) You focused solely on rich individuals. But individuals are not the only ones harmed by over taxation and regulation. Corporations are as well. And a corporation is not buying the fictitious thousand dollar dinners (that you completely made up), or mansions. Their money can be routed for pretty much rehiring (or other investments in the company) and not much else.

    "Why is America buying this? If a rich person with 4 houses gains more money because of tax cuts, they are going to buy a 5th house. It's why they have 4 houses to begin with."
    So the house they buy, did it just appear out of thin air? Or was that house built by a construction worker? Was that construction worker likely a billionaire, or not? Was the real estate agent who helped the buyer (or the one who helped the seller) a billionaire? The bank owners who potentially provided a loan are probably filthy rich. But the local manager/teller/loan officer are almost guaranteed not to be. Know who else isn't filthy rich? The waiter/busboy/chef/host (or hostess) at the restaurant where the rich person bought their "thousands of dollar" meal. Neither are the auto worker who built their cars, the aero workers who built their jets, or the ship builder who made their yachts. So you're right. Tax cuts will just give the rich more to spend. And they will probably spend it. And it will in turn help a large number of working and middle class families, who will have more money to spend, and will thereby help the shop owners whose shops they spent money at, and so on and so forth. That is why it makes sense to tax at a lower rate.

    But there are also two other huge reasons to decrease taxes on the wealthy (along with everyone else.) The first is the Laffer Curve. The Laffer Curve demonstrates that as you increase taxes past a certain point, you receive diminishing returns. In fact a professor at UC Berkley (not many Romney supporters there) showed that the rate that you begin to see diminishing returns after is 33%, currently lower than the rate imposed on the highest tax bracket. That professor, Christine Rohmer, formerly Obama's chief economic adviser. But the most important reason is fairness. It is almost a cliche it is said so often (but is certainly true) that it is immoral to ask others to do something you are unwilling to do yourself. You obviously do not pay even the 35% of your income in taxes, let alone the unspecified higher amount that you are demanding that the rich pay. This is a truly evil position. This is no different than a politician who proposes making it illegal to commit adultery, but is at the exact same time cheating on his wife. So until you (or Obama, who paid approximately 20%) pay 35%, or the increased rate you are demanding, you are engaging in a truly evil debate, demanding others do what you are unwilling to.
     
  19. Meta777

    Meta777 Moderator Staff Member

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    Really? The rich wont ever see a dime of it? Where do you think that money goes after the poor spend it?
     
  20. Meta777

    Meta777 Moderator Staff Member

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    I believe the ideal distribution of taxes should be based on net worth yes, though I do not believe basing the tax system itself on net worth is the only way to achieve that.
    As you can see from the chart I posted, our current federal tax system is not that far off; a few minor tweaks and adjustments and the goal might be met without the need to fundamentally change the tax system. That said, I wouldn't mind it if the tax system did change to be based off of net worth either.

    What do you mean by frivolous spending?

    And is spending/demand/jobs not the very thing our economy lacks at the moment?

    And using your logic, wouldn't that mean that our current tax structure promotes people not to make money in order to avoid paying taxes?

    -Meta
     
  21. Meta777

    Meta777 Moderator Staff Member

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    Oh right, I did not even think about that when I posted the chart.

    But you're right, such a tax structure would likely increase GDP through increased utilization of resources
    by making it less profitable for people to hold onto resources that aren't being utilized,
    encouraging them to either utilize those resources, or sell them to someone who will.

    -Meta
     
  22. Meta777

    Meta777 Moderator Staff Member

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    So does having a fed and healthy populous not benefit the wealthy?
    What about when public servants build roads, bridges, and school houses, protect our houses and our lives, etc. certainly these things must benefit the wealthy?
    And does it not benefit the wealthy to have a group of people willing and able to create economic demand for their products?

    -Meta
     
  23. maat

    maat Well-Known Member Past Donor

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    That's not what the father of the consitution says:

    In 1794, when Congress appropriated $15,000 for relief of French refugees who fled from insurrection in San Domingo to Baltimore and Philadelphia, James Madison stood on the floor of the House to object saying, "I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." -- James Madison, 4 Annals of congress 179 (1794)
     
  24. Meta777

    Meta777 Moderator Staff Member

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    I think you may have misunderstood my post. When I referred to citizens, I meant American (U.S.) citizens, not French citizens.
    Aid to foreign nationals is a completely different subject, so putting that aside,
    are you suggesting that providing for the general welfare of American citizens is not one of the U.S. government's duties?

    Also, what are your views on requiring jobless, able-bodied, poor people, to work for their welfare checks?

    -Meta
     
  25. hiimjered

    hiimjered Well-Known Member Past Donor

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    Roads, bridges and other infrastructure do benefit the society in general and nearly everyone. Those fit quite well within the concept of general welfare.

    Paying able bodied individuals not to work only benefits the recipients. It in no way benefits the other people or the nation. In fact, it is to the detriment of society because it reduces their motivation to ever work and become productive.
     

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