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Posted on 7/21/26 at 8:39 am to Mo Jeaux
quote:We do. But a more fair plan is a flat tax with everyone paying something.
Should we not tax the rich?
Posted on 7/21/26 at 8:41 am to BigPerm30
quote:Elon's down $150B+ since then. So ... no more trillionaires for now.
Trillionaire status broke them.
Posted on 7/21/26 at 8:44 am to theliontamer
“Tax the rich” does not mean abolish wealth or chase successful people out of the country. It means arguing over what share they should contribute. So “who pays when the rich are gone?” answers a position nobody took. That’s not a rebuttal bubba. It’s a scarecrow.
Posted on 7/21/26 at 8:50 am to theliontamer
a few things on this. "Rich" is relative. If everyone had 10 dollars, and one individual sells a favor to another for $1, he immediately becomes "rich" and the buyer becomes "poor". You will NEVER eliminate class envy. Further, as has been studied over and over again, even total confiscation of upper-tier wealth cannot sustain government spending, and even if it could in the short-term, government would continue to spend at unsustainable levels until we reach total oblivion. As this happens, the wealthy would certainly expatriate their wealth and/or cease to generate additional wealth. Why work for nothing?
Posted on 7/21/26 at 8:50 am to CrystalPreserves
quote:
“Tax the rich” does not mean abolish wealth or chase successful people out of the country. It means arguing over what share they should contribute. So “who pays when the rich are gone?” answers a position nobody took. That’s not a rebuttal bubba. It’s a scarecrow
In theory, you are correct
In practice, you are very wrong
Posted on 7/21/26 at 8:54 am to UtahCajun
quote:
In theory, you are correct In practice, you are very wrong
Then show the practice.
Which policy eliminated wealth, drove the rich away, or left nobody to fund the country?
Posted on 7/21/26 at 8:56 am to theliontamer
America added 1,000 new millionaires a day in 2025.
41% of the world’s millionaires live in the US.
Our poor people would be considered very well off in many parts of the world.
Whine and moan. It’s the worst system except for all the others.
41% of the world’s millionaires live in the US.
Our poor people would be considered very well off in many parts of the world.
Whine and moan. It’s the worst system except for all the others.
Posted on 7/21/26 at 8:58 am to theliontamer
You don’t have to think rich people are “bad” in order to realize that a capitalist society and economy can’t function properly when most of the wealth wealth is concentrated in an extremely small percentage of the population.
Posted on 7/21/26 at 8:59 am to CrystalPreserves
quote:
“Tax the rich” does not mean abolish wealth or chase successful people out of the country. It means arguing over what share they should contribute.
Except that's exactly what happens. Every single time successful people consistently leave high tax jurisdictions, expatriate money, and offshore significant parts of their businesses. And who gets to decide what "share" they should pay? You? LOL
Posted on 7/21/26 at 9:00 am to VOR
I refer you to my previous post.
Posted on 7/21/26 at 9:02 am to CrystalPreserves
quote:
It means arguing over what share they should contribute.
So what’s the answer? What share should they contribute?
Posted on 7/21/26 at 9:23 am to Mo Jeaux
quote:
Should we not tax the rich?
the top 10% of returns pay 70% of all collected income tax while 63% of americans pay nothing.
the middle class are welfare queens.
Posted on 7/21/26 at 9:24 am to the808bass
They want all of it. It'll never be enough. New York tried soaking the rich under David Paterson and lost 11B in tax revenue in less than 5 years while hemorrhaging hundreds of thousands of tax payers. Things are so bad that the governor, who mocked the wealthy for leaving the state just a few years ago was begging them to come back. Even Paterson himself later admitted that the policy was a giant loser for New Yorkers.
So what was their response? They elected a hoard of socialists to run their state.
The Democrat party has become a suicide pact.
So what was their response? They elected a hoard of socialists to run their state.
The Democrat party has become a suicide pact.
This post was edited on 7/21/26 at 9:25 am
Posted on 7/21/26 at 9:27 am to Broke
quote:
I've worked in finance all my career. The rich get fricked at a disproportionate rate. Rich pay 36% in taxes while some trailer trash bitch with 5 kids doesn't work but somehow gets a "refund" of $9,000. This is just fricking people even worse. If you don't think they pay their fair share you should dig harder
yea people tend to not understand things like this that take higher than 100 iq to understand. same in my industry.
but people should understand we have the most progressive tax system in the 1st world. the top 1%, top 5% and top 10% pay an outrageous amount of the overall % of the tax bill.
but that requires one to think instead of running on "vibes"
Posted on 7/21/26 at 9:28 am to theliontamer
Fast are facts. Check the numbers.
But it should be a flat tax rate for everyone. Straight across the board.
Except the government will never allow that.
But it should be a flat tax rate for everyone. Straight across the board.
Except the government will never allow that.
Posted on 7/21/26 at 9:30 am to VOR
quote:fify
You don’t have to think low and middle income people are “bad” for paying zero taxes in order to realize that a capitalist society and economy can’t function properly when most of the tax burden is concentrated in an extremely small percentage of the population.
Posted on 7/21/26 at 9:32 am to the808bass
quote:
America added 1,000 new millionaires a day in 2025.
many "millionaires" are just people with a decent 401k and own a house
being a millionaire isn't what it used to be
This post was edited on 7/21/26 at 9:32 am
Posted on 7/21/26 at 9:32 am to VOR
quote:
most of the wealth wealth is concentrated in an extremely small percentage of the population.
That's what makes wealth productive. If was distributed to uneducated slobs like you then it would be wasted on your ignorance-driven frivolities.
Posted on 7/21/26 at 9:35 am to theliontamer
quote:
Most fortune 500 CEOs come from modest upbringings
This is not true
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