|
Post by JordyRamone on Oct 30, 2011 16:08:37 GMT -6
"End greed worldwide" is impossible because it is in our nature to be greedy. The more provisions I have, the better chance I have for survival and passing on my genes. Greed is the reason I bust my ass six days a week at work. What they want is wealth redistribution. The problem with that is if everyone receives the same amount of compensation then there is no incentive to be creative, innovative or more productive. They say 95 percent of the worlds money is with 5 percent of people (in the USA and numbers might not be accurate). Sure greed is human nature but that doesn't mean you can't regulate it. Sex is also human nature but you can't go around raping people. The USA need to tax the rich a lot more (Canada is better). In my opinion your standard of life probably wouldn't change if you made 1 million a year or 25 million so why not tax the rich and spread it to people who need it (health care). Do people really need 40 000 dollars bottles of wine? The system is bad and only getting worse, there could be a civil war if the gap continuous to grow from the poor and rich.
|
|
|
Post by Guardian on Oct 30, 2011 19:20:38 GMT -6
"End greed worldwide" is impossible because it is in our nature to be greedy. The more provisions I have, the better chance I have for survival and passing on my genes. Greed is the reason I bust my ass six days a week at work. What they want is wealth redistribution. The problem with that is if everyone receives the same amount of compensation then there is no incentive to be creative, innovative or more productive. They say 95 percent of the worlds money is with 5 percent of people (in the USA and numbers might not be accurate). Sure greed is human nature but that doesn't mean you can't regulate it. Sex is also human nature but you can't go around raping people. The USA need to tax the rich a lot more (Canada is better). In my opinion your standard of life probably wouldn't change if you made 1 million a year or 25 million so why not tax the rich and spread it to people who need it (health care). Do people really need 40 000 dollars bottles of wine? The system is bad and only getting worse, there could be a civil war if the gap continuous to grow from the poor and rich. If the USA taxes the rich more, the rich will simply move their money, assets and themselves out of America.
|
|
|
Post by JordyRamone on Oct 31, 2011 7:46:50 GMT -6
They say 95 percent of the worlds money is with 5 percent of people (in the USA and numbers might not be accurate). Sure greed is human nature but that doesn't mean you can't regulate it. Sex is also human nature but you can't go around raping people. The USA need to tax the rich a lot more (Canada is better). In my opinion your standard of life probably wouldn't change if you made 1 million a year or 25 million so why not tax the rich and spread it to people who need it (health care). Do people really need 40 000 dollars bottles of wine? The system is bad and only getting worse, there could be a civil war if the gap continuous to grow from the poor and rich. If the USA taxes the rich more, the rich will simply move their money, assets and themselves out of America. Nope. Where would they go? India? Mexico? Some other third world country? No other first world country taxes less then America.
|
|
|
Post by TheDeuce on Oct 31, 2011 8:33:36 GMT -6
They'll go to the Cayman Islands. Or yes, possibly Mexico, there are a lot of very rich gated communities in Mexico that cater to the very wealthy. Heck, Costa Rica has it's fair share too.
m.
|
|
|
Post by TheDeuce on Oct 31, 2011 8:40:44 GMT -6
They say 95 percent of the worlds money is with 5 percent of people (in the USA and numbers might not be accurate). Sure greed is human nature but that doesn't mean you can't regulate it. Sex is also human nature but you can't go around raping people. The USA need to tax the rich a lot more (Canada is better). In my opinion your standard of life probably wouldn't change if you made 1 million a year or 25 million so why not tax the rich and spread it to people who need it (health care). Do people really need 40 000 dollars bottles of wine? The system is bad and only getting worse, there could be a civil war if the gap continuous to grow from the poor and rich. And who decides who 'needs it'? And moreover, what have I done that should entitle me to Bill Gates' money? The uber-rich pay a huge amount of tax in absolute terms - more that most people understand. And with the rest, if they've earned it, let them buy that $40,000 bottle of wine. They earned it, they're entitled to it. Shall some of us on this forum hang our heads because we agreed to pay True North more than $100,000 over the next five years for four season tickets? Should the government confiscate that money from us to be distributed as they see fit, since we are wasting it on indulgence and opulence? m.
|
|
|
Post by Hannu Smail on Oct 31, 2011 8:47:53 GMT -6
Disproportionately taxing the rich leads to disincentive to actually get rich.
Moreover, what's the proposed cutoff for who is "rich"? Annual income of $1M? $500K? $100K?
|
|
|
Post by JordyRamone on Oct 31, 2011 8:49:55 GMT -6
They'll go to the Cayman Islands. Or yes, possibly Mexico, there are a lot of very rich gated communities in Mexico that cater to the very wealthy. Heck, Costa Rica has it's fair share too. m. all their money would come from the states tho. meaning it still can get taxed
|
|
|
Post by JordyRamone on Oct 31, 2011 9:03:20 GMT -6
They say 95 percent of the worlds money is with 5 percent of people (in the USA and numbers might not be accurate). Sure greed is human nature but that doesn't mean you can't regulate it. Sex is also human nature but you can't go around raping people. The USA need to tax the rich a lot more (Canada is better). In my opinion your standard of life probably wouldn't change if you made 1 million a year or 25 million so why not tax the rich and spread it to people who need it (health care). Do people really need 40 000 dollars bottles of wine? The system is bad and only getting worse, there could be a civil war if the gap continuous to grow from the poor and rich. And who decides who 'needs it'? And moreover, what have I done that should entitle me to Bill Gates' money? The uber-rich pay a huge amount of tax in absolute terms - more that most people understand. And with the rest, if they've earned it, let them buy that $40,000 bottle of wine. They earned it, they're entitled to it. Shall some of us on this forum hang our heads because we agreed to pay True North more than $100,000 over the next five years for four season tickets? Should the government confiscate that money from us to be distributed as they see fit, since we are wasting it on indulgence and opulence? m. well first off i think the states need to tax more like Canada. giving tax breaks to the uber rich if so stupid and should get people who arent super rich (everyone on this board) pissed off. the fact that it doesnt just shows how uninformed/brain washed people are. you can never justify spending 40 gs on wine. if you can you are a horrible person. there are people on the streets that are starving and need money and you are throwing away your money. you guys are eating up the fox news scare tactics. no one would take away your season tickets. i talking about the wealthy wealthy people. that dont really need 25 million a year compared to 2 million a year. seriously would your life actually improve if you made 25 mil a year and not 2 million a year? probably not by a lot.
|
|
|
Post by JordyRamone on Oct 31, 2011 9:09:48 GMT -6
Disproportionately taxing the rich leads to disincentive to actually get rich. Moreover, what's the proposed cutoff for who is "rich"? Annual income of $1M? $500K? $100K? i disagree 100 percent. i am not talking about everyone making the same amount of money. just taxing the super rich more. check this site out www.moneychimp.com/features/tax_brackets.htm us taxes in 2011 the highest tax bracket is if you make 380 000 and up you get taxed 35 %. shouldnt that percentage go up if you make 1 million, 5 million, 15 million, 25 million a year? why stop it at 380 k?
|
|
|
Post by TheDeuce on Oct 31, 2011 9:45:11 GMT -6
Disproportionately taxing the rich leads to disincentive to actually get rich. Moreover, what's the proposed cutoff for who is "rich"? Annual income of $1M? $500K? $100K? i disagree 100 percent. i am not talking about everyone making the same amount of money. just taxing the super rich more. check this site out www.moneychimp.com/features/tax_brackets.htm us taxes in 2011 the highest tax bracket is if you make 380 000 and up you get taxed 35 %. shouldnt that percentage go up if you make 1 million, 5 million, 15 million, 25 million a year? why stop it at 380 k? And the highest federal tax bracket in Canada is 29% (@ $128,000), lower than the US top rate, and right around the 28% the US charges at the same income level. So why do you think Canada's tax rates are 'better'? www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.htmlI still haven't heard you attempt to rationalize your position that the government should confiscate the legally-earned assets of the 'uber-rich'. They earned the money. The government didn't. Give me one good reason why the increases shouldn't stop at $380,000. Is the government providing some added good or service to the guy who's pulling down $1,000,000 a year to justify charging him more for being an American? m.
|
|
|
Post by TheDeuce on Oct 31, 2011 9:47:09 GMT -6
They'll go to the Cayman Islands. Or yes, possibly Mexico, there are a lot of very rich gated communities in Mexico that cater to the very wealthy. Heck, Costa Rica has it's fair share too. m. all their money would come from the states tho. meaning it still can get taxed Americans are taxed based on citizenship, not residency. If I sell my GM stock from my living room in the Caymans, and I have Caymanian citizenship, why would the US government have any right to a portion of my profit on that sale? That said, who of the super-rich has all their eggs in the US basket anyway? m.
|
|
|
Post by TheDeuce on Oct 31, 2011 9:48:29 GMT -6
And who decides who 'needs it'? And moreover, what have I done that should entitle me to Bill Gates' money? The uber-rich pay a huge amount of tax in absolute terms - more that most people understand. And with the rest, if they've earned it, let them buy that $40,000 bottle of wine. They earned it, they're entitled to it. Shall some of us on this forum hang our heads because we agreed to pay True North more than $100,000 over the next five years for four season tickets? Should the government confiscate that money from us to be distributed as they see fit, since we are wasting it on indulgence and opulence? m. well first off i think the states need to tax more like Canada. giving tax breaks to the uber rich if so stupid and should get people who arent super rich (everyone on this board) pissed off. the fact that it doesnt just shows how uninformed/brain washed people are. you can never justify spending 40 gs on wine. if you can you are a horrible person. there are people on the streets that are starving and need money and you are throwing away your money. you guys are eating up the fox news scare tactics. no one would take away your season tickets. i talking about the wealthy wealthy people. that dont really need 25 million a year compared to 2 million a year. seriously would your life actually improve if you made 25 mil a year and not 2 million a year? probably not by a lot. BTW, I've never watched Fox News. I have taken courses in Economics, Taxation, Finance, and Accounting though, and did my post-graduation studies in those areas. m.
|
|
|
Post by selanne405 on Oct 31, 2011 10:20:43 GMT -6
I agree with a few different points on this board but for me this whole thing comes down to the fact that the planet we live on is really REALLY effed up.
We live in a world where as someone said people will spend 40 grand on wine when a huge portion of the world is starving to death. We live in a world where if a celebrity passes away people are crying buckets but when hundreds of thousands of kids are murdered by their government no one cares.
If you can live with yourself spending money one bull Crap that you really dont need while holocausts happen thats your problem since society tolerates it.
|
|
|
Post by Guardian on Oct 31, 2011 10:22:34 GMT -6
And who decides who 'needs it'? And moreover, what have I done that should entitle me to Bill Gates' money? The uber-rich pay a huge amount of tax in absolute terms - more that most people understand. And with the rest, if they've earned it, let them buy that $40,000 bottle of wine. They earned it, they're entitled to it. Shall some of us on this forum hang our heads because we agreed to pay True North more than $100,000 over the next five years for four season tickets? Should the government confiscate that money from us to be distributed as they see fit, since we are wasting it on indulgence and opulence? m. well first off i think the states need to tax more like Canada. giving tax breaks to the uber rich if so stupid and should get people who arent super rich (everyone on this board) pissed off. the fact that it doesnt just shows how uninformed/brain washed people are. you can never justify spending 40 gs on wine. if you can you are a horrible person. there are people on the streets that are starving and need money and you are throwing away your money. you guys are eating up the fox news scare tactics. no one would take away your season tickets. i talking about the wealthy wealthy people. that dont really need 25 million a year compared to 2 million a year. seriously would your life actually improve if you made 25 mil a year and not 2 million a year? probably not by a lot. People waste their money all the time, here's an example. www.ebay.com/sch/i.html?_from=R40&_trksid=p5197.m570.l1313&_nkw=ows&_sacat=See-All-Categories
|
|
|
Post by Hannu Smail on Oct 31, 2011 10:47:32 GMT -6
I agree with a few different points on this board but for me this whole thing comes down to the fact that the planet we live on is really REALLY effed up. We live in a world where as someone said people will spend 40 grand on wine when a huge portion of the world is starving to death. We live in a world where if a celebrity passes away people are crying buckets but when hundreds of thousands of kids are murdered by their government no one cares. If you can live with yourself spending money one bull Crap that you really dont need while holocausts happen thats your problem since society tolerates it. ...like hockey tickets? Or high-speed internet to read forums like this? The world is effed up, but so is that statement, in my humble opinion.
|
|