that assumes a singular dimension to voting decisions. There are plenty of instances where people vote against their own ECONOMIC self interest because of some higher, overriding concern about social issues. - - - Updated - - - not about that, however.
Isn't that interesting? I mean, don't you find that just fascinating? And don't you find that interesting as well? Not so. What you have just mentioned is two (of many) ways that the wealthy can continue to accumulate more and more wealth, without the government taking much of a cut in taxes. So how does the government make ends meet? Well, they borrow about 40% of the annual budget. Whether you realize it or not, you are taking a side here, that borrowing so as to protect Buffet's billions is the proper course of fiscal action. One could make a stronger argument that high capital gains taxes tend to lock money into poorer investments and reduce economic opportunity, were it not for the fact that private industry is now sitting on countless trillions of dollars IN CASH. Where is this investment?
The ignorance of the right continues to astound me, so I guess we're even. HOW do you supppose the long term capital gains taxes are so very low, while the income taxes on those making big salaries are so much higher? Do you think this happened by accident? Do you suppose it was the "other 99% of the people" who lobbied for small capital gains taxes? And you also carefully avoid noticing that in order to fund the government, we borrow from China while the top 1% pay miniscule capital gains taxes as is their god-given right.
Being smart does not make one always right. Being obscure does not make one less smart than being famous. You probably believe otherwise.
It could start by not paying lazy Obama voters on welfare. Let me repeat what myself and others have been telling you. Most governments around the world know that they cannot tax capital gains like regular income or investment in their economy will slow or dry up completely. You don't like rich people, but in most cases they are better managers of money than government is.
Who told you that? the top 10% get half the income, they should pay 90% of the taxes Because of the diminishing marginal value of money, and because it's more efficient, it makes the economy grow faster.
Teddy has always been one of my personal heroes. You? Not so much. I thought he was brilliant , courageous and charsmatic. You? Not so much.
Capital gains should be taxed at no more than 75% at the top rate, that makes for a more efficient economy, and a better distribution of wealth. If you continue the way we are going now, you'll see the end of the current constitution, because extreme inequality and democracy are not compatible. You have extreme inequality in Venezuela, and you see what they get for a government there.
I see. I hit a nerve. Well I never cared or asked for your opinion of me and still don't care. The fact is based on the merits of his quote he was wrong. Graduated taxation is nothing more than punishment for success and thievery from the more productive. He was also wrong about trusts and monopolies which he set out to bust. Always ignoring the fact that trusts and monopolies never exist without government protection which he only increased ultimately.
How would that make a better distribution of wealth? Sure we get it. You plan to take the money from the people who earned it and made their money grow and give it to Obama voters who create nothing - except more Obama voters.
Point to a nation that has what you consider a proper tax structure. Be sure to select a nation that supports the largest military organization in the world, of course. Most governments around the world realize that they can't place exorbitant tax rates on captial gains AND support a huge military AND operate with the largest budget deficit in the world. Something has to give. I suppose letting all the "lazy Obama voters on welfare" starve to death would be a step in the right direction, of course.
and I'm loyal enough to have served a quarter century in uniform protecting your worthless tail, and... I still pay full freight on all my income.
Let's just end this particular discussion agreeing to disagree on the merits of Teddy and his ideas about progressive taxation. Ok?
I agree that inequality is growing. But the blame goes to free trade, a very bad public eduction system, the mass influx of poor people from Mexico, and the welfare state that encourages Obama voters to be lazy and depend on government to take care of them instead of making a greater effort to provide for themselves. - - - Updated - - - Other nations almost all tax capital gains at a lower rate than income. - - - Updated - - - So you say. But on the Internet libs can claim to be anything and no one can prove otherwise.
I tell ya what.... if you bet me enough money, I'll make a youtube video just for you and show you my retired military O5 ID card. How'd that be?
I think in this discussion it should be noted that people who do not pay any taxes get tax "refunds." I learned this from doing a tax return a couple of years ago for someone who paid zero in Federal taxes and got a $13,700 tax "refund - 8K of this refund was for buying a house. Can someone explain to me why people who don't pay taxes get tax refunds. I had someone tell me in another thread that I didn't understand how the Government works. Apparently I don't.
Teddy, bless his heart cause I really like him, was born a republican but died a fallen republican who had abandoned the party when he didn't get his way.
I wouldn't know. It really doesn't matter to me all that much. The eagle (*)(*)(*)(*) you send me every single month for the rest of my life will assuage any hurt feelings I might have about you not believing in my long career of service on your behalf... and ya know what else.... my current wife is significantly younger than I am, and you'll be paying HER a sweet retirement check until the day she dies... so, go ahead... take your cheap shots at me... it really means next to nothing.
