Stop Coddling the Super-Rich

[Ail]

osamanobama said:

Ail said:

What I really don't understand is the whole republican logic around the fact that raising taxes for people that makes over 250k a year will slow job growth.

I mean it's easy. Who in this country makes over 250k a year ? The list isn't that long.

- Lawyers, traders, executives, doctors, salesmen( some not all by far), actors, professional athletes...

Most small business owners do not even make that least .

And last I checked very few of the people in that list are actually engaged in creating new business, they already have a well-paid job and are pretty happy with it......( executives affect job creation but based on the company finances, not their own pay or tax level).

So explain to me how the way those are taxed affect job creation?

In a logical way please...

 

PS : I'm going to come close to that 250k limit this year due to exercising a lot of stock options and I can tell you for sure I am not planning to create any job....

in some years (not for a while), my Dad.

he is the owner of a painting business, one that paints mostly new residental homes. he employs around 7-8 painters. and as you can imagine that business is very hard right now, and fragile. with the housing market as it is now, its very hard for him to find work, but he does. he works twice as hard, for less.

but fortunately he is very productive and so are his painters, in fact his paint reps (the people that sell him paint) all thought he was a business twice the size because of all the paint he buys (meaning he gets a lot done).

who will raising taxes affect? people like him, small businesses will be devestated.

and a better question would be: how would raising taxes increase job growth?

at bolded: would you plan on creating any jobs if your taxes were raised?

From what you are telling us I somehow doubt that your dad is making over 250k over a year. So I don't see how raising taxes on people that make more than that amount would affect him. And remember noone is speaking of raising taxes on business, only on personal income, those are two different things...

As to your question, I woudn't create jobs if my taxes were raised, I woudn't create any if they were lowered, I'm just not planning on creating any......

I am happy with my current situation and I don't see the point of taking on more responsabilities and working more ( because creating more jobs will always entail a time commitment ).

You have to understand that in some ways most people that create jobs do not do so because they want their fellow citizens to have work. They do so in the end to make more money.......Seeing how I am happy with what I make and I don't plan on becoming a workalcoholic if my taxes were raised I would cut back on some spending and that would be it.

Why do people want more money ? To buy more stuff. Well stuff is overated at some point, I rather have time to enjoy outside of work than work like crazy, make a lot more money and in the end have very little free time and be unhappy ( I was an executive in a small software company belonging to a big software corporation 5 years ago. I was making 170k/year without including stocks and I decided I would rather be a software developer, work less and have more free time, I took a pay cut and I am actually a lot more happy now..., those stocks I am exercizing these days are actually a left over of that period..)

If you look at who creates business it's not the rich in most cases, it is people that actually have an idea and wants to make some money out of it.

Lary Page, Bill Gates, Steve Jobs or Marc Zuckerberg did not make 250k a year when they created their companies. And guess what they created the 4 most successfull companies of the last 35 years............. And if you were to raise their tax rate now, they wouldn't even notice it...