The Bigggggg Rip-off of far to low upper-income taxation

Discussion in 'Economics & Trade' started by LafayetteBis, Aug 5, 2019.

  1. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    I recall someone saying in this forum that "more capitalism will make our lives even better". Which does not coincide with the factual-evidence however. (And all of this data below shows coincidence with a data-point historically of 1980. Who became PotUS in 1980?)

    Here below are the actual data-points that the Replicants REFUSE to acknowledge!

    [​IMG]

    And it is just getting worse! We wanted successive Replicant Federal-administrations - we got 'em. Right up the kazzo!

    That graphic above - for it to be fair and impartial - should show significantly heavier and heavier income-taxation as incomes improve. The Top 1% should be paying nearly confiscatory taxation-rates. Why?

    Because that will be an enticement to lower their total-incomes.Which means that more of income show will return-to-the-economy. Rather that being sequestered in a banking-account earning even more profit. Which is why that last bar on the right above shows such a tremendous gain in income! Their low-taxed gains are simply generating more and more income every year!


    [​IMG]
    Of course, some of us would say, "Oh, what-the-hell, 20/25% aint all that bad?

    Well,when you think of what our perpetual Poverty Threshold rate looks like, one is obliged to scratch their heads and ask questions:
    [​IMG]
    Imagine the reality of the above graphic. Entire family generations living below the Poverty Threshold (which for a family of 4 is an income of $25K per year).

    Now, tell me how I've got the factual evidence above all-wrong, all-wrong, all-wrong ...
     
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  2. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    https://www.pewresearch.org/wp-content/uploads/2017/10/FT_17.10.04_taxes_stats.png?w=420

    And so, what does a "fair income-tax" look like? Here's a what it looks like today, from Pew Research:
    [​IMG]

    But, if fairness means that higher income-levels must be very much more highly taxed, then the above graphic shows that it isn't. A billion dollar gross revenue will leave more than 70% of the income to the tax-payer. That's far, far too much. And why?

    What's the catch? In a country where the sky's-the-limit (and always has been), there is no notion whatsoever of TOO MUCH INCOME.


    Because taxation that makes people a Rich As Croesus is and should not be the predominant rule of taxation. It is unfair and discriminating.

    But, apparently, the US has little sense of the nature of Income Disparity and its injustice ...
     
  3. bringiton

    bringiton Well-Known Member

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    Because the focus must rightly be on injustice, not disparity. Consider two different situations where income is distributed with the exact same level of disparity: one where people earn incomes commensurate with their contributions to production, and the other where all income is distributed randomly. No difference in the level of income equality, yet people would rightly hate the second, but love the first.
     
  4. Quadhole

    Quadhole Well-Known Member

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    It will be nothing short of recession, then depression, then marching in the streets followed by a revolution in this country. THe minions just don't know it yet. They have been fools to allow this too happen, listening to the never ending stream of PAID FOR right wing think tank articles. MSM, and FOX both do their part in playing opposite sides of identity politics while the rich continue their money grab.
    The difference between today and 100 years ago is the military style POLICE forces. They will get huge raises, up in the area of 200 - 400k a year to protect and serve the ungodly RICH A-holes who will amass themselves in PODS. Long island, Mahatta, Palm beach county on the islands, etc. Surrounded by the guards.
     
  5. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    That is a bit of an exaggeration. MSM and Fox News were created quite specifically by Rightist Money-men who wanted desperately to respond to "Leftist doctrines' (according to them).

    Yes it is a shame that the political rhetoric has come this public-array of political differences. It was only with McCarthy that we, as a nation, saw the dreadful consequences of political extremism. But, evidently, we (as a nation) should never have believed that such a movement was "over and done with". Whyzzat?

    Because "extremism" is a natural outlet of the human nature. In the past it took mostly a religious form. (For instance, the "Crusaders" who went to the Holy Land to "liberate the home of the Christian god".

    Whether one is defending the right to own a machine-gun or a religious belief are both the same type of "extremism" - and that should have been taught in a Civics class. Because such a notion is contrary to the basic-beliefs of why and how the nation was founded more than two centuries ago ...

    Pure exaggeration. But there are elements in the Rabid Right who would - because of their nearly unlimited supply of money - could force some local councils to adopt such notions. After all, it is a "free country" and that means everyone has the right to elect its local-councils to do its collective bidding politically.

    I don't see these elements in any political form of the "Rabid Left" either in the US or Europe. Whyzat? In the US the inhouse "socialist movement" came to end with the demise of socialism in Europe. (Let us not forget that the essence of "socialism" is that the government owns the means of production!)

    That type of Socialism exists today only in the Far East. China is a "socialist country" in terms of law - but there are a good number of very rich Chinese who are buying large "estates" all around the world. (The daughter of Huawei's head has her principle abodes outside of China in both Canada and Europe - and yet she is still a prime-actor in the management of Huawei.)

    North Korea is an altogether different example because, for the most part, its people are not allowed to leave the country though a lucky-few do escape to South Korea periodically ...
     
    Last edited: Aug 9, 2019

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