My point is that what you are advocating for the United States is not in fact in place in any other industrialized nation. The "soak the rich" notions that you propose are inimical to me for several reasons, not all of them simply matters of principle.
Simply put, nations that loot their wealthy in this manner end up destroying the means of creating more wealth, because they create disincentives to excel and take money out of the hands of people who know how to make it and put it in the hands of people who mismanage it.
While I agree that not all wealthy people are wealthy because they know how to handle money, and not all poor people are poor because they mismanage it, the tax policy you advocate still does have the effect that I noted.
The Soviet Union did this - it expropriated money from the rich in the name of feeding the poor. When the money ran out, it turned to slave labor and the threat of executions to continue economic growth. When the regime realized that a state of fear and executions can't be maintained indefinitely, it took about 30 years for the system to collapse completely. When the Soviet Union collapsed, it was bankrupt many times over.
I don't think poor people should starve, but I also realize that socialism ultimately leads to a situation where everyone is poor.
Simply put, nations that loot their wealthy in this manner end up destroying the means of creating more wealth, because they create disincentives to excel and take money out of the hands of people who know how to make it and put it in the hands of people who mismanage it.
While I agree that not all wealthy people are wealthy because they know how to handle money, and not all poor people are poor because they mismanage it, the tax policy you advocate still does have the effect that I noted.
The Soviet Union did this - it expropriated money from the rich in the name of feeding the poor. When the money ran out, it turned to slave labor and the threat of executions to continue economic growth. When the regime realized that a state of fear and executions can't be maintained indefinitely, it took about 30 years for the system to collapse completely. When the Soviet Union collapsed, it was bankrupt many times over.
I don't think poor people should starve, but I also realize that socialism ultimately leads to a situation where everyone is poor.
You can also write that as "Stalin" *MySmiley*
For Europeans who don't understand why Americans are against ObamaCare
03/09/2009 04:24:35 AM
- 1084 Views
I'd be happy to tax top "earners" more and suffer Europes economic "collapse. "
03/09/2009 04:30:31 AM
- 559 Views
The US will never work with socialism.
03/09/2009 04:40:21 AM
- 649 Views
Re: The US will never work with socialism.
03/09/2009 04:58:47 AM
- 643 Views
I don't think the mistrust of the government is really all that overblown
03/09/2009 05:04:34 AM
- 560 Views
It's advanced beyond what it was during the Revolution, I think.
03/09/2009 05:18:22 AM
- 607 Views
I would say it's grown with the government
03/09/2009 05:23:52 AM
- 588 Views
The key is that government shouldn't be heavily involved in personal lives.
03/09/2009 05:58:39 AM
- 614 Views
Re: I don't think the mistrust of the government is really all that overblown
04/09/2009 03:30:23 AM
- 531 Views
How much more can we really tax the wealthy??
03/09/2009 04:41:14 AM
- 489 Views
A lot; before Reagans "reforms" we already taxed them less than any other industrialized state did.
03/09/2009 05:06:00 AM
- 610 Views
I hear a lot of socialism coming from you.....
03/09/2009 05:19:08 AM
- 472 Views
Re: I hear a lot of socialism coming from you.....
03/09/2009 05:40:32 AM
- 561 Views
Nice non-answer answer.....
03/09/2009 05:52:04 AM
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You want detailed answers that require detailed data I don't have.
03/09/2009 06:06:55 AM
- 624 Views
Here are some facts and analyses.....
03/09/2009 02:40:22 PM
- 648 Views
The Heritage Foundation, huh?
03/09/2009 03:01:17 PM
- 680 Views
The non-working wealthy? Please quantify.....
03/09/2009 03:31:58 PM
- 662 Views
So you accept the CBOs assessment the House healthcare bill will be $1 trillion over the next decade
04/09/2009 03:02:13 AM
- 557 Views
You're so full of shit on this issue I don't know where to begin.
04/09/2009 03:15:55 AM
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Re: You're so full of shit on this issue I don't know where to begin.
04/09/2009 03:59:21 AM
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Less than 200 people were said to be US persons with Swiss accounts
04/09/2009 04:16:24 AM
- 525 Views
And yet account for many millions of dollars; what does that say...?
04/09/2009 04:21:57 AM
- 565 Views
It's statistically insignificant and your hyperbole is reminiscent of screaming guests on CNN.
04/09/2009 02:07:31 PM
- 465 Views
Well, look at this way:
04/09/2009 02:24:03 PM
- 597 Views
That's not a solution.
05/09/2009 02:39:12 AM
- 613 Views
The Soviets weren't socialist, or even communist, so it's a false comparison.
05/09/2009 03:09:06 AM
- 552 Views
Okay, now you've just gone into Kool-aid drinking territory.
05/09/2009 04:32:07 AM
- 661 Views
Communist THEORY is predicated on democratic participation at every level,totally absent in the USSR
05/09/2009 04:55:00 AM
- 784 Views
Ever heard of the 20-80 rule?
04/09/2009 04:28:54 AM
- 472 Views
Top earners? Please define.....what income and how much more? *NM*
03/09/2009 04:52:25 AM
- 404 Views
That would be open to definition, and should change with inflation.
03/09/2009 05:13:02 AM
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What is your justification for taking over 50% of anyone's income?
03/09/2009 05:28:22 AM
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That's a good example of why I say the rate has to be set to cost of living.
03/09/2009 05:50:16 AM
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Still no comment on the fact that 40% of Americans don't pay any income taxes?
03/09/2009 02:32:12 PM
- 611 Views
To what 40% do you refer?
03/09/2009 02:42:55 PM
- 472 Views
Dude, you are not making this easy.....
03/09/2009 03:38:01 PM
- 508 Views
No one "gets money from the IRS. "
04/09/2009 02:55:02 AM
- 525 Views
Actually with EIC you can get money back that you never paid in.
04/09/2009 02:56:43 AM
- 500 Views
It MIGHT be possible with the EIC, but in practice few people get more than they paid.
04/09/2009 03:43:36 AM
- 545 Views
I don't know, I've known plenty of people that have gotten more back than they paid in
04/09/2009 03:46:29 AM
- 634 Views
Yet another example of your ignorance on tax policy.
04/09/2009 03:19:39 AM
- 460 Views
The word I notice is "welfare"
04/09/2009 03:57:01 AM
- 575 Views
I wouldn't say that's what it means....
04/09/2009 04:02:40 AM
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It's what welfare means to me...
04/09/2009 04:32:17 AM
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I was just talking about EIC as a form of welfare, not welfare welfare. *NM*
04/09/2009 04:45:13 AM
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It's a credit for people who file a return on income that's been taxed.
04/09/2009 04:19:57 AM
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It is only for the WORKING poor, yes.
04/09/2009 02:12:55 PM
- 493 Views
Mean it may be, but hardly illegal.
04/09/2009 02:31:16 PM
- 528 Views
No real comments, just 100% agree with you....plus the $12 trillion is terrifying to me. *NM*
03/09/2009 04:33:39 AM
- 251 Views
Excellent post - the US government is not capable of running HC.....
03/09/2009 04:40:19 AM
- 447 Views
It depends on your level of cynicism
03/09/2009 05:38:53 AM
- 616 Views
when have they ever cut the fat?
03/09/2009 08:35:36 PM
- 535 Views
This doesn't make sense to me.
03/09/2009 08:33:18 AM
- 587 Views
The key phrase is "should be. "
03/09/2009 09:38:15 AM
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In fairness, most Europeans don't seem to realize what ObamaCare is.
03/09/2009 02:34:01 PM
- 596 Views
As far as most people I know are concerned, opposition to ObamaCare isn't the issue.
03/09/2009 11:04:36 PM
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It's hard not to be horrified with a government as wasteful as ours
03/09/2009 11:24:59 PM
- 466 Views
For Americans who don't understand why Canadians like their public healthcare.
04/09/2009 04:23:11 AM
- 590 Views
Correction
04/09/2009 04:44:32 AM
- 572 Views
Re: Correction
04/09/2009 05:05:11 AM
- 649 Views