I've Got A 9-9-9 Plan Too! 99.9% On Richest Americans.

Not as easy as it is for a business owner to take his employees' money by underpaying them.

 

You must be very young and didn't even live when taxation was NORMAL in America.

 

My OP didn't say anything about the deficit. Now that you bring it up though here's a viable scenario related to that. Other variations are possible too - this is one of them.

The wealthiest 20% of the US households are set to receive about $6.5 Trillion in personal income this year, half of all national personal income. Their average tax burden is around 26%, or about $1.7 Trillion. This leaves them with $4.8 Trillion of disposable income each year.

The current budget deficit is around $1.2 Trillion, or about one fourth of the disposable income of the wealthiest. They could be taxed enough to eliminate the budget deficit and still receive 3/4 of their income.

If you want stats they are at census.gov and bea.gov

 

That's all I was talking about in the OP, but sure there's plenty more to talk about. I'm game.

 

That was just meant to be humorously sarcastic.

 

As far as Social Security and Medicare (for American citizens) are concerned, HANDS OFF. As far as welfare for illegal aliens, obtained through false IDs and the anchor baby racket, it should be stopped entirely. The 14th Amendment was not designed to give citizenship to Mexican fence jumpers' kids just because they were born on this side of the border. Legislation is needed to abolish birthright citizenship, and I would make it retroactive 20 years. That would knock a big hole in the deficit due to welfare spending, more of which goes to Mexicans than it does to Americans.

Likewise, no government $$$ should go to illegal aliens, except for their imprisonment and deportation.

 

History proves you wrong. We've already had many years of taxation in the 90%s, didn't you know ? They didn't leave. As for outsourcing, no problem, Tax their butts off when they do it, making it not economical to do it.

 

still waiting for you to answer the question of what you are gonna want to do when all the rich leave because you want to rob them of all their money. am i gonna then have to pay most of my income to the government since i will then be considered the higher class after all the millionaires leave?

 

No, I'm from the 1940s, how about you ?

 

This is an opinion, not a current event, genius.

Did you ever consider that your lack of intelligence is what resulted in your lack of financial success, which then resulted in your extreme jealousy and hatred of people who have more money than you?

 

Not only is there 1 billion a year income earners, for some we have reclassified their management wages as "capital gains income", so their tax rate is 15%, max.

http://www.nytimes.com/2010/04/01/business/01hedge.html

 

1. I've already answered the move away talking point about 20 times now.

2. Eisenhower was a great president. A true conservative, not like the plutocrat ass-kisser psuedo-conservative Republicans of today. His main fault was getting us involved in Vietnam, but he thought we badly needed tin and tungsten, so I'll cut him some slack on that. Eisenhower's high taxes on the rich, establishing the strong national defense we had then, is what makes him a true conservative. Of course, he was national defense minded. He was the Supreme Allied Commander of Forces in Europe in World War II. He was America's greatest Protectionist, and the economy was prosperous during his high tax years. In contrast, GDP and job growth were awful with Reagan's low tax years.

http://thinkprogress.org/economy/20...er-taxes-on-the-rich-dont-lead-to-job-growth/

http://thinkprogress.org/economy/2011/06/20/249061/chart-taxes-economic-growth/

 

It is sad how many on the Right don't realize wages paid to workers are tax deductible for the wealthy, so taxing the wealthy MORE will encourage them NOT to lay off workers in order to go for capital gains income rather than straight income.

 

Funny how you're "still waiting" (LOL - this is too funny) for an answer to something I've answered about 20 times already, and mentioned that I've answered it 20 times, about another 10 times. Good lord !!!!

 

i just got here, now spill it out? you will want me to pay most of my check when you scare off the rich with your jealous and greedy plan.

ugh, liberals.

 

They did, and I knew them back then when they were paying it. FACT, not opinion.

 

If the American people decide that 99.9% of it should be theirs, then that is how it should and will be. If you don't like the democratic republic we have (Government of/by/for the people) see ya ! Cuba's only 90 miles away. Bon voyage.

 

Yes, I would say he was. As for stereotypes, they exist because the peole being stereotyped are that way that the stereotype shows them. No other reason.

 

Please explain, you can't just make such a ridiculous statement and not back it somehow. So, the rich have been waging class warfare against the middle class? How so, what did they do?

 

Actually, you are wrong. The unemployment rate for the college graduates is 4.6% which is less than half of the national average.

 

lol it will never happen, the only people who want the rich's money are the lazy and the ones who dont want to work for their own...i.e. liberals.

i already pay my taxes, try and take what i make after taxes you are gonna have a problem with me and the rest of the WORKING CLASS.

maybe instead we should make it a law instead to where those who dont or havent truly paid taxes like the rest of us not have a (*)(*)(*)(*) say in what we do with our money or taxes.only those who contribute should have that right anyways, all the lazy lefties do is take and take and dont wanna give back.

 

Well, you did get one thing right > calling me a genius. I must be since I established a very successful business with multiple branch offices, on $300 start-up cash. Besides that blunder, you also got it wrong that I'm jealous and hating. Why would someone be jealous and hating just because they advise restoring America's normal taxation, or are you too young to realize that 90+%s are NORMAL taxation in America (FACT not opinion), or perhaps you're not American enough to know about such things.

As for this OP, your statement that it is not a current event is FALSE also. it refers to Herman Cain's 9-9-9 tax plan, clearly a current event.
So how many screw-ups did you manage to pull off in this post ? I dunno - I lost count. Anyway, back to the drawing board for you, and then come back and report to me. LOL.

 

Oh you just got here. Oh I see. Well, now you can just go back in the thread, read it, and see the numerous times your stupid question was answered, refuted, and laughed at. Bye.

 

You just offered your own plan. It doesn't make it a current event just because you ripped off the name.

 

All taxes are regressive. They all suck money out of the economy. It's simplistic and one-dimensional to pretend that money only stays in the pocket of whoever happens to have it at the time.

Wealth cycles. When you tax one person in the economy, you tax everybody. You make everybody poorer. It doesn't matter at all where you suck the money from; it would have gone to million other places otherwise. This "tax the rich" business is a symptom of pure economic ignorance.

Of course, Cain's "plan" is ignorant to. Just like the "tax the rich" lefties, he thinks that the answer lies in shifting water around in a bathtub. In reality, the only thing that will help is to shrink the government and shrink the taxes. Suck less wealth out of the private and productive economy. That's what matters: not this tax or that tax, but how much wealth the state is actually sucking out of the economy.