The KGB Oracle Forums General Public Discussion (SPECIAL ACCESS) KGB Political Debate Central GOP - the party of the rich

A budget reduction measure is not taxing more so you can spend more, its not spending more.

You made me cheer when you said we are paying the lowest taxes in history, other then when there was no income tax, if that is true.

Just a little fyi what do you think the 1% should be taxed???

The amount that they will bring in with a new increase will be a drop in the ocean, so how is it going to save the world.

Short Answer: Enough to reverse concentration of wealth (and power) in too few hands. It isn't how much money top 1% gets (and I realize 1% isn't uniform group), it is how much undue influence that concentrated wealth has on US politics.

Taxation in top bracket should depend on how that income was earned. Bailouts and golden parachutes? Tax the fuck out of it. Small business hitting it big after 20 years of hard work? Minimal tax.

That sir, has nothing to do with the how much they are taxed and everything to do with the corruption in D.C. In fact, what you're describing is exactly how the tax code got as FUBAR'd as it is. They raise the percentage and then cut out loop holes for their buddies who fund their campaigns.

Precisely.

Plus, sinij is also proving the point that the Dem tax policy isnt about growing wealth for those who do not yet have it. Its about taking wealth from those that do. Which really doesnt help anyone.

If you want to punish corrupt bankers who thrive on bailouts, why not just stop bailing them out? No reason to raise tax rates on everyone.

Do you confirm or deny that wealth is interchangeable with power?

My personal point is that tax policy should be about increasing overall quality of life instead of growing numbers of excessive-consumption ultra wealthy. It is about distributing benefits of society in most effective and even way. Concentration of wealth (and power) is a symptom of a bigger problem, any system that encourages it is therefore flawed.

You like to talk about merit-based society. Does a CEO has 1,000+ times more merit than someone working as a rank and file member of the same organization?

Annnddddd BINGO!

Deny. However, wealth can be used to buy power or favors and power can be used to build wealth. If you don't believe the latter just ask Mrs. Pelosi and the rest of the crooks who get elected and come out the back side worth 100s of times more than when they went in.

How is that a "Deny" ?

This is the crux of our disagreement.

#1 You believe that taxation is a tool for taking from the wealthy and giving to others (also known as buying votes), while I believe that taxation is a tool that should only be used to provide as fair an environment as possible for free and open competition.

#2 If you believe that wealth doesn't concentrate in socialist/communist societies then I direct you to the ruling class of the former Soviet Union. They even had their own lanes on which to drive and their own special shopping centers that actually had food while everyone else was standing in line for a piece of bread.

#3 What business is it of mine or yours how much a CEO makes? To address your wobbley point, while the rank and file do open the doors each day and help the customers, what they do isn't rocket surgery (I ran a crew of those for 14 years, trust me, I can train a monkey to help customers). So, nearly anyone can do those jobs, but not just anyone has the skills or intelligence to ensure that a multibillion dollar company continues to run efficiently and effectively thereby affording the door openers the opportunity to work if that is what they choose to do. I personally am a living testament to the fact that hard work and dedication pay off. I worked my way up, saved enough to quit and finish school and am in school now. All without a degree or student loan debt.

#4 I know that the real American Dream is NOT home ownership. The American Dream is making a living doing what you love and providing every opportunity for yourself and family. It is having the freedom to pursue your dreams, not standing in line with your hand out to get something for nothing from someone who earned it.

That, is the difference between you and me. I believe that all men are created equal and the U.S.A was founded on the premise that they should have equal opportunity to pursue their dreams. You believe that the greatest country the world has ever seen should punish success and reward sloth through confiscatory taxation and a misguided attempt to provide a mythical beast called "social justice." Also known as reparations, wealth redistribution, and social equality. All things neither intended nor guaranteed by our founders. Nor are they guarantee-able by any government comprised of fallible men.