What % of their Income Should Rich Contribute as "Their Fair Share"?

Would you use 'stealing' instead of 'earning'?

 

I'm not sure that in the future, the rich should have any tax differences than the less-rich, but I think that some way should be instituted so that it is impossible for anyone to become as much richer than anyone else as they are at this point in history.

For example, if advertising were limited to the honest and provable, and unfairly-persuasive advertising (e.g. subliminal advertising which I hope by now is illegal),....then the less-rich would not be convinced to buy so much, thereby keeping money in their own pocket and keeping it out of the pocket of the more-rich.

There are other common sense ways to keep the rich FROM BECOMING so rich. It's not a matter of abridging their rights, but rather making all practices fair to all. Fairness is a powerful master, always guiding toward the more equitable.

Fairness doesn't mandate that one man can't be richer than another. Fairness does mandate that to some extent, more work and/or more good ideas should mean more wealth.

Fairness also requires that we all admit we know what is fair. That's tough for both the greedy and for the resentful to admit.

 

Problem is, the rich mostly got that rich by rent seeking the rightful wealth of the middle class and the poor. So, if you want the rich to get richer, you are condemning the middle class and the poor to serfdom. Is that what you have in mind?

 

When the top 5% pay 57% of the nation's tax bill, it's hard for me to say they should be paying more.

 

If all the growth goes to the 1%, like it basically has over the past 30 years, the middle classes aren't growing with it and sharing in the prosperity.

And then they don't have the spending power to drive a strong recovery.

More is never enough, is it? Exactly my point.

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They don't.

 

Prove capital gains are caused by tax rates.

I've shown they go up and down with the stock market, and they've been low with lower tax rates an high with higher tax rates.

We don't get more tax revenue with lower tax rates. We get less tax revenue.

 

That would be less inaccurate. But the correct term is rent seeking.

 

Man, I really don't have any idea what you're talking about. Serfs? Really? Are you in Colorado? Yeah.... You're in Colorado aren't you!

What I have in mind is for everyone to be richer. It doesn't really matter what percentage of wealth the rich have if EVERYONE is better off, does it? I want an environment in this country that is conducive to that. It serves an agenda to demonize the rich, but that's about it. They're not stealing from me, I am benefiting from them.

 

The top 5% has 60+% of the wealth and comparable income so whats the issue with that ? Its actually strange to see them pay about the same share as the rest as they can easily afford to pay more.

 

What do you mean the 5% don't pay 57% of the taxes? Are you purposely lying or are you ignorantly guessing or are your sources lying to you?

"The top 5 percent earned 31.7 percent of the nation's adjusted gross income, but paid approximately 58.7 percent of federal individual income taxes."

This comes from http://taxfoundation.org/article/summary-latest-federal-individual-income-tax-data-0


The top 10% pays 71% of taxes.

Where are YOUR sources Iriemon?

 

And the top 10 percent captured a record 48.2 percent of total earnings last year. --(and you are claiming that the top 5% gets more than the top 10%--ha ha ha bad math, Jack.)
http://www.cnbc.com/id/101025377

Also you libs might like this:

http://www.ntu.org/tax-basics/who-pays-income-taxes.html

 

In fact, they do.

And....
The top 10% pay over 70% of the federal tax bill.

And....
The top 20% pay 92.9% of the federal tax bill.

And...
The bottom 90% pay less than 30% of the federal tax bill.

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I have no issue with it.
Why are you asking me ?

The top 10% pay over 70% of the nations tax bill... we should be thanking them, not vilifying them.

 

I'm guessing that is more RW propaganda class warefare bull(*)(*)(*)(*). I'm guessing those figures are for the income tax, which of course is only a fraction of the overall tax bill.

But I'll give you a chance to back up your claim with a source.

 

Wow. Just 10% of the people take 50% of the nation's income. Meaning 90% get the other half.

But more is never enough.

 

No offense, but I don't need a "chance" from you.
Convincing you of anything isn't found on my "to do" list.

Besides, as you've shown, your "guessing" is the basis of all your arguing anyway.

 

LOL, can't support your claim, eh?

My "guess" was right. I'll confess. It really wasn't a guess.

No offense.

 

The rich should contribute 0%
The workers should also contribute 0% of their labor to generate profit for the rich .

How much you make is irrelevant , how you make it is the important.

 

Taxes are not a moral issue, and equal outcomes is not a noble pursuit.

 

Neither is greater and greater inequality.

 

30% total taxes as a max seems fair to me. Less then a third is fine for the the government.

 

40% is fair.

 

Yes, a 0% rate is preferable for sure.

 

When improper taxation favors a small minority of people at the expense of the large majority, you won't be singing the same tune when people are hanging by their necks from poles.

 

How is inequality immoral?

 

Total, or before local taxes? We get taxed by 3 main authorities here, and hundreds of smaller ones.