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re: Liberal Folks, Should We Tax the Rich?

Posted on 9/17/21 at 4:49 am to
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138801 posts
Posted on 9/17/21 at 4:49 am to
quote:

We shouldn’t have a system that leaves the needs of the deserving poor to the voluntary whim of the rich and powerful
Your sarcasm notwithstanding, I'm perfectly fine with private domestic charities and tax breaks for them.

If Gates Foundation activities were confined to the US, I'd have little issue with Buffett dumping his billions there, tax-free. But it isn't. Money he earned in the US, and avoided taxation on, is not required to benefit anyone here.

Once Gates and Buffett die, their fortunes will be dumped into a Foundation with questionable if any oversight. That money will be likely gone from the US forever. Within the Foundation, and outside of the US, it will remain under Gates-Buffett family control.

To be clear, I have no problem with US foreign charity either. But if major funding originates from US sources, it should be subject to US tax.
Posted by Rex Feral
Somewhere near Athens
Member since Jan 2014
16576 posts
Posted on 9/17/21 at 6:09 am to
quote:

quote:
Wealthy Dims are happy paying taxes


Do they really?


Happy is probably a misnomer. More ambivalent about it. It's been my observation that they look at taxes as their form of making charitable contributions. In a bigger sense, they view the government as their church and man as their god.
Posted by Mike da Tigah
Bravo Romeo Lima Alpha
Member since Feb 2005
61832 posts
Posted on 9/17/21 at 6:14 am to
From the party that embodies the absolute worst in shameless American immorality, it does not shock me that they would think it’s justified to penalize an American for their prosperity, and use their income as an excuse to single them out and make them pay more than their fair share to pay for government programs that they don’t even benefit from in the first place.

Liberals…. Always liberal with spending other people’s money, and then claiming it is righteous to do so.


Posted by David_DJS
Member since Aug 2005
22713 posts
Posted on 9/17/21 at 6:33 am to
quote:

Liberals…. Always liberal with spending other people’s money, and then claiming it is righteous to do so.

Isn’t a clear majority of the uber-wealthy supporting the progressive agenda? Hasn’t it been determined in this thread and others that the super rich pay most of the taxes? If those two things are true, then your statement is wrong - they’re being liberal with their own money.

I think some of the underlying assumptions accepted in this thread are wrong, but just wanted to point out that if they were in fact true, liberals are mostly taking from liberals when they “tax the rich.”
Posted by PizzaPie
Member since Sep 2021
170 posts
Posted on 9/17/21 at 6:42 am to
quote:

We shouldn’t have a system that leaves the needs of the deserving poor to the voluntary whim of the rich and powerful


What in the hell are the "deserving poor"?

I'm a huge fan of helping people in need. But there's no such thing as the "deserving poor". Heck, this attitude is half the problem.

A bunch of people running acting like they're ENTITLED to my money ungrateful as frick when they vote it out of my hands.
Posted by PizzaPie
Member since Sep 2021
170 posts
Posted on 9/17/21 at 6:47 am to
quote:

They are “marxists” publicly in the hope that they wil be left alone. If you don’t toe the line, they show up at your house and harass you at your office. They’ll show at your annual stockholder meeting and cause trouble. It’s just good business.


I'd argue the two best things about being super rich are power and the ability to do almost whatever you want.

On these fronts, there's no difference between our rich and top leaders of Communist nations. You can bet our ultra wealthy who support the hard left have no intention of losing either their power or money. In fact, they expect it to become more entrenched.
Posted by Mike da Tigah
Bravo Romeo Lima Alpha
Member since Feb 2005
61832 posts
Posted on 9/17/21 at 6:49 am to
quote:

Isn’t a clear majority of the uber-wealthy supporting the progressive agenda? Hasn’t it been determined in this thread and others that the super rich pay most of the taxes? If those two things are true, then your statement is wrong - they’re being liberal with their own money.

I think some of the underlying assumptions accepted in this thread are wrong, but just wanted to point out that if they were in fact true, liberals are mostly taking from liberals when they “tax the rich.”



I am not concerned with what percentage of them are liberal or conservative. I’m really just disgusted at the rational behind penalizing people for success. Truth be known, I am much more of a proponent of doing away with the income tax completely, and reverting back to tariffs or at the very least implementing a flat tax across the board. You make X, you pay the same percentage someone that makes Y pays. It’s not supposed to be a penalty, but a gauge to what your fair contribution should be into the federal treasury. Want to end government corruption, take away their loop holes, write offs, and toys they use to corrupt with.



Posted by Bard
Definitely NOT an admin
Member since Oct 2008
59205 posts
Posted on 9/17/21 at 6:57 am to
quote:

Isn’t a clear majority of the uber-wealthy supporting the progressive agenda? Hasn’t it been determined in this thread and others that the super rich pay most of the taxes? If those two things are true, then your statement is wrong - they’re being liberal with their own money.


Your foundational understanding is wrong. They aren't being liberal with their own money, by raising taxes they are being liberal with the money of everyone in that bracket.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
59205 posts
Posted on 9/17/21 at 7:09 am to
quote:

So you are saying he is giving away his money. And he choose a cause that would help a lot of people. The Gates foundation has done tons of help for African nations fighting diseases.





No, what he's saying is that their fortunes go into these "foundations" more as a vehicle to avoid taxation while still gaining the benefits from charitable donations.

Who do you think will sit on the boards of these when they get old enough? Their kids. It's not a coincidence Chelsea Clinton sits on the board of the Clinton Foundation, nor is it one that Cheryl Mills (HRC's right hand) does either. Bill Gates' father sat on the board of the B&GMF as "co-chair".

These positions are all paid (the last time I checked the base salary for Bill & Melinda each were just over $200k/yr).
Posted by David_DJS
Member since Aug 2005
22713 posts
Posted on 9/17/21 at 7:12 am to
quote:

Your foundational understanding is wrong. They aren't being liberal with their own money, by raising taxes they are being liberal with the money of everyone in that bracket.

My foundational understanding is just fine.

Those in their tax bracket that oppose their policies have a voice, too. Why do we never hear it? Name the captains of industry or wildly successful entrepreneurs that have told the Left to frick off with their woke bullshite and Covid mandates.
Posted by seawolf06
NH
Member since Oct 2007
8159 posts
Posted on 9/17/21 at 7:16 am to
USA has one of the most progressive tax systems in the OECD. Taxing the rich will only hurt the middle class.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
59205 posts
Posted on 9/17/21 at 7:23 am to
quote:

Those in their tax bracket that oppose their policies have a voice, too. Why do we never hear it? Name the captains of industry or wildly successful entrepreneurs that have told the Left to frick off with their woke bullshite and Covid mandates.


That's a good point, but not exactly a solid rebuttal to mine.

It's irrelevant how much those who are against such hikes speak out on it as the problem itself is the seeking to forcibly take even more from others (even if it includes yourself) in order to pay for continued irresponsibility.

What is it they've done to make them think they are entitled to the money of others?
Posted by LSU alum wannabe
Katy, TX
Member since Jan 2004
27780 posts
Posted on 9/17/21 at 7:25 am to
Flat. Tax. Rate.

I do not pretend to know what that number is.
Posted by David_DJS
Member since Aug 2005
22713 posts
Posted on 9/17/21 at 8:10 am to
quote:

It's irrelevant how much those who are against such hikes speak out on it as the problem itself is the seeking to forcibly take even more from others (even if it includes yourself) in order to pay for continued irresponsibility.

By “voice” I don’t mean just an actual voice. People and organizations talk many ways. Two points -

1. The CEO of a major bank or tech titan that personally isn’t down with the politics being crammed down this country’s throat but benefits financially by playing along - being taxed in the same scheme bringing them all the new wealth is just part of the give a little, take a lot. It’s not like anybody here is arguing that any of these guys are dumb enough to not act in his own best interests, right? We’d hear from them it if they weren’t coming out winners in Biden’s America.

2. Just like we need a smarter, stronger, braver and far more active middle class/upper-middle class if we have hopes of turning this clusterfrick of a country around, we also need far more from the conservative “1%” - and until then it’s not supposed to be comfortable. And before we all go sideways by the prospect of the truly wealthy seeing their taxes go up, I’d think we’d focus our attention on the people that don’t have frick you money and are losing their jobs due to mandates or because they’re in a Biden-unfavored industry. I don’t monitor this board that closely, but my guess is there are more threads/posts about how Bezos is taxed than there are about the hundreds of thousands losing their livelihoods to the Left’s bullshite. Maybe typing is easy and cheap, so what does it matter what’s discussed? - but it seems like it matters.
Posted by SportTiger1
Stonewall, LA
Member since Feb 2007
29860 posts
Posted on 9/17/21 at 8:17 am to
quote:

Isn’t a clear majority of the uber-wealthy supporting the progressive agenda?

A) these taxes aren't solely on the uber wealthy. 400k is hardly "wealthy"

B) those wealthy individuals say they support more taxes in passing so they don't get ridiculed. Yet, none of them donate money directly to the fedgov, do they?

The majority of voices (and votes) to tax the rich are from people in much lower brackets.
This post was edited on 9/17/21 at 8:18 am
Posted by Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
63403 posts
Posted on 9/17/21 at 8:24 am to
They don't care. It's all about redistributing wealth into the hands of the "right" people (themselves). I just wonder if that dress ended the night balled up at the foot of the bed of one of AOC's big donors.
This post was edited on 9/17/21 at 8:30 am
Posted by icheerforgeorgia
Member since Nov 2011
2010 posts
Posted on 9/17/21 at 8:29 am to
There is a lot you don't know about taxes
Posted by Taxing Authority
Houston
Member since Feb 2010
63303 posts
Posted on 9/17/21 at 8:33 am to
quote:

It’s not supposed to be a penalty, but a gauge to what your fair contribution should be into the federal treasury.
You can't use the tax code to enforce "fairness" without penalizing the successful. Ultimately, the tax code should be about maximizing revenue not creating "fairness".

quote:

Want to end government corruption, take away their loop holes, write offs, and toys they use to corrupt with.
No doubt. As long as government can determine the success or failure of corporations--corporations will have a valid interest in corrupting the government to their advantage.

If we want government to work for everyone equally -- everyone is going to have to pay the taxes.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299016 posts
Posted on 9/17/21 at 8:34 am to
quote:

It's all about redistributing wealth into the hands of the "right" people


Fact

Progs are all in on MMT. Taxation is simply punitive to them.
Posted by Taxing Authority
Houston
Member since Feb 2010
63303 posts
Posted on 9/17/21 at 8:35 am to
quote:

Those in their tax bracket that oppose their policies have a voice, too. Why do we never hear it? Name the captains of industry or wildly successful entrepreneurs that have told the Left to frick off with their woke bullshite and Covid mandates.
How many people in those tax brackets do you personally know or talk to regularly? You may *think* you know what they think, but I doubt you've ever talked to any of them.
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