The KGB Oracle Forums General Public Discussion (SPECIAL ACCESS) KGB Political Debate Central " I am the 1% - Lets talk " - Awesome article

Wealth => Political Power => Pro-Wealth Legislation



This is why we need higher taxes on 1% - so less of this happens.

You are failing to remember that the financial, energy, and agricultural sector along with military industrial complex has spent the last 30 years ensuring the strategical placement into key Government positions form Ex-Employees ensure that they can railroad anything coming down the turnpike that is For the People by the People.

See: Goldman Sachs, Boeing, GE, 3M, MonSantos, and pick any major Energy Sector Corp.

Bingo.

If only solving our problems, financial and political was as easy as taxing the crap out of the 1%.

So what happens when you tax the said 1% into oblivion and they take their money overseas? You seem to be out of touch with reality if you think they will keep their money here when they could take it elsewhere.

What's wrong with having real tax reform & auditing the fed? We need to get this debt and the way we tax corrected the right way. Instead of using a broken tax system that will only tax more. Do you really think taxing the wealthy more will get rid of the national debt? Come on man, stop being so damn naive. Once the Government starts getting more revenue they will simply spend more, Or did you not pay much attention to Obama's budget proposal?

So here is the other factor about taxing the 1%.

There is a difference between Income and Wealth. Taxing the top 1% of Income will really only effect making over $344k a year. While I agree the top 1% of income earners should be paying there fare share, and if you look at the income tax brackets by raw % they almost are.

It's the top 1% of WEALTH that needs to be dealt with. The taxation of income is a set levels, while the taxation of capitol gains from non-income WEALTH is set at a flat 15%. Those individuals who no longer have an income but deride their gains from capitol gains on WEALTH due to investments and interest from previously taxed monies are the ones who are holding the key to the fucking gold mine.

http://www.businessweek.com/news/2012-03-14/movers-and-shakers-coke-is-it-for-warren-buffett


15% on 100 mill in dividends. Is it too low of a tax rate or is it a benefit to get people to keep investing?

Thats always the question Helemoto.

I think its also worth noting the "carried interest" issue, where you manage other peoples money at the Cap Gains tax rate on your income.

While I do not have any problem with 15% for investing your own money, getting taxed at that rate to manage/invest other peoples money - especially vast sums of govt and institutional investments is a crock and a half. Thats where a good deal of the chicanery and corruption comes into play as well.

No, but "taxing the crap out of 1%" is a good start.

this is the same 1% that pays 37% of all income taxes in this country? anyone in the commune ever read you the goose and the golden egg? how much is fair?

It's not about being fair or we would have already had tax reform to make it fair. THIS is about more revenue so the liberal/democrats can spend more.