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Do you have the right to say that a “rich” person isn’t paying enough taxes?

Discussion in 'Budget & Taxes' started by drj90210, Jan 14, 2012.

  1. drj90210

    drj90210 New Member

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    I find it infuriating when people who aren’t “rich” feel that they have justification to say that “rich people get paid too much and aren’t paying enough in taxes.” Do such people personally know every “rich” person on the planet on an intimate basis? Do they know each hardship and expenditure that each and every “rich” person faces? Of course not. Yet, it is commonplace to hear people exclaim that the “rich aren’t paying their fair share.” That’s BS of course, since the wealthy pay a disproportionately larger percentage of the tax burden.

    It would akin to a White person growing up in the 1980s saying that, “Black people growing up in the 1950s Deep South had it really easy”. How is it fair to make such a generalized statement on such a broad cross-section of the population, especially when you are not a member of this cross-section of the population and have no first-hand experience to back up your assertion?
     
  2. Colonel K

    Colonel K Well-Known Member

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    Anyone is entitled. They would be correct in this instance too. That makes your premise flawed and your analogy repellent.
     
  3. Iolo

    Iolo New Member

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    Rich people are paid incredibly more than they deserve, and on the whole they pay no taxes. Jail em'

    The rich supported the foul treatment of black people in the South to the hilt. Hang 'em.
     
  4. DivineComedy

    DivineComedy Well-Known Member

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    "Do you have the right to say that a 'rich' person isn’t paying enough taxes?"

    "Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances."

    Yes, that was easy.
     
  5. Burning Giraffe

    Burning Giraffe New Member

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    Of course they have a right... But it's disturbingly unethical what people are advocating when they advocate wealth redistribution.
     
  6. Unifier

    Unifier New Member

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    People have the right to say whatever they want. But that doesn't mean it's true.
     
  7. Haplo

    Haplo New Member

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    Yes, every single rich person in the world is a white supremacist from the Southern U.S. 30-50-100 years ago.
     
  8. Iolo

    Iolo New Member

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    Don't be absurd! No more than 50% at the outside. The rest are much younger and support 'Israel'.
     
  9. Stay_Focused

    Stay_Focused New Member

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    How much do they deserve to pay? Currently in U.S they pay close to 40% marginal tax rate.

    And the abolitionist and black civil rights have been funded and supported by rich Northern capitalists. Check out who supported Booker T. Washington. Do not get me started talking about unions.
     
  10. Colonel K

    Colonel K Well-Known Member

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    How many actually pay that much? When a CEO can state that the person who cleans his office pays more tax than he does there's something deeply wrong with the system.
     
  11. Stay_Focused

    Stay_Focused New Member

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    A lot of financial high flyers have rewards not in terms of income but capital gains.
     
  12. Iolo

    Iolo New Member

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    90% minimum. If people pay for good things out of guilt, good. What is your problem here? Why should poor people pay taxes when the rich have stolen their money?
     
  13. Colonel K

    Colonel K Well-Known Member

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    Then tax that heavily.
     
  14. perdidochas

    perdidochas Well-Known Member

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    Of course I have the right to say that, and so does anybody else. You have the right to say whatever you want, whether it's stupid or not.
     
  15. Oakchair

    Oakchair Banned

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    Incorrect currently the very wealthy are paying less int axes then middle class Americans
    http://thinkprogress.org/economy/2011/10/13/342705/report-25-percent-millionaires-lower-taxes/
    ^25% of millionaires have lower tax rates then around 11 million middle class Americas.

    http://www.blueoregon.com/2011/09/one-chart-shows-obama-right-about-buffet-rule/
    ^The average millionaire with 2/3rd income from investments pays 30% less taxes then someone making 50,000 a year

    http://wweek.com/portland/article-17350-9_things_the_rich_dont_want_you_to_know_about_taxes.html
    ^The bottom 50% of American have a 35% higher effective tax rate compared to wages then the richest 400 Americans.
     
  16. kreo

    kreo Active Member

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    It is unethical to advocate for wealth distribution but it is very ethical and democratic to call for equal distribution of the power. Majority of rich people had become rich because they have greater access to the power.
    E.g. in U.S., rich people are buying congressmen, so they get favorable taxation policy.
     
  17. Stay_Focused

    Stay_Focused New Member

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    If you were talking about financial crisis, then only some investment banks screwed it up. I don't see how the rich have "stolen" the wealth from others. Hedge funds and private equities did their honest livings without bailing out from public money. And a lot rich folks do not even made a living out of finance.

    I do not see the point of penalizing economics success and I definitely do not see social liberals applying the concept consistently on none-economic rewards. My Economics professor in school used to share this joke,"What is the redistributionist state going to do with guys that has no girlfriend?"
     
  18. Stay_Focused

    Stay_Focused New Member

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    Then less people will invest. Transaction cost in finance will be very high. Brokers will lose jobs. Innovative people like Steve Jobs will find themselves harder to borrow.
     
  19. Kramer

    Kramer New Member

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    I have never heard anyone say they (themselves) were paid too much.

    As far as rich people paying too much or too little in tax who knows...there are many legal ways to reduce one's tax burden.
     
  20. Phoebe Bump

    Phoebe Bump New Member

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    Yes, I most definitely do.
     

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