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bannedagain said:
PUT IT INTO OFF SHORE BANK ACCOUNTS OR THEY FIND LOOP HOLE'S TO INVEST INTO OR BUSINESS OUT OF UNITED STATES. IF THE DEMAND IS NOT THERE THEN THEY WON'T HIRE ANYONE.
And what does a bank account do with the money? They use the money for loans to help people found businesses. If you read the initial post, you'd know that this person in the 0.1% is a venture capitalist that invested in many American businesses. Not overseas. In fact, most VC stays right here in the US.
Lets go even further: If they aren't investing in businesses outside the US, why is that? Why not invest in businesses here? I'd argue a lot of it has to do with regulations. With significant regulations to the market, its harder to found and fund businesses. Therefore, reductions of regulations would likely benefit new American businesses, and fund a stronger middle class.
(yep but the rich are paying for this to happen. there company profits off of it. The top 1% pay that much money beacause they have all the money) They pay between 1% -15% OF THE ACTUAL MONEY THEY MAKE, SO LETS NOT TRY TO SPIN THE NUMBERS. OTHERS HAVE NO MONEY SO THEY COULDN'T ACCOUNT FOR THE MONEY THESE BIG WIGS MAKE. 30 TOP CORPORATIONS MADE OVER 160 BILLION WHILE THEY PAID NO TAXES IN THE LAST THREE YEARS. I PAID MORE THEN THEM AND SO DID YOU)
Where is your data for this? Provide concrete aggregate information that states the top 1% pay betwen 1 and 15%, because the extensive research I've done into marginal rates in the US has the top 1% paying 23% on average, not betwen 1 and 15%. I am calling you out on this.
ACTUALLY YEA I DRIVE AROUND AND HELP A DIABETIC LADY AND DONATE MONEY ANY TIME I SEE DONATIONS THAT ARE LEGIT. OH YEA I HAVE TO HELP HERE OUT BECAUSE THEY GIVE HER NOTING FOR HELP, SHE'S WORKED AND PAID TAX'S ALL HER LIFE. NOW SHE'S DISABLED AND DOESN'T GET AROUND FAST. I BRING HER MY LEFT OVERS BECAUSE SHE SOMETIMES CAN'T AFFORD FOOD. SHE HAS NO CABLE AND INTERNET. SO SHE NOT WASTEFUL BUT HEY WHO HAVE YOU HELPED? THATS ONE OF THE PERSON I HAVE HELPED OUT. NO NEED TO RIGHT YOU A BOOK ON WHY I CARE MORE THEN YOU DO.
Good for you. I am not meaning that sarcastically, either. I am glad you help others. The reality is that many of the richest people in America also do much to help the poor and needy. Government taxation will merely take away their ability to help others. Data shows that when you, I, or anyone else engages in charity for the needy, it is far more effective than the government doing it. Personally, I'd rather keep my money and help the poor than the government taking it away and deciding to provide it to someone else that may or may not deserve it.
.(THIS IS ONE FAILURE OUT OF THE MANY INVESTMENTS THAT PAID OUT WELL. GLAD YOU WATCH FOX NEWS.)
Actually, I don't have cable TV. I can't say I've ever watched Fox News.
NO ONE IS ASKING FOR ALL THERE MONEY AND IF WE TAX THEM 38% WITH NO LOOP HOLES, THEY WILL GO HOME, DO THE SAME THINGS AND LIVE THE SAME WAY. PEOPLE DO DERSERVE WHAT THEY GET BUT THEY ALSO GOT TO GIVE BACK TO WHAT HELPED THEM GET THERE. OUR ROADS, SCHOOLS AND THINGS THAT WE PAID FOR. ROADS AND BRIDGES ARE EXPENSIVE AND THEY NEED TO BE KEPT UP OR YOU THINK ALL OF THIS FIXES IS SELF, IT DOESN'T AND THIS SHOWS YOUR SELFISHNESS. ONCE AGAIN A PROBLEM WITH THE NEW AGE OF PEOPLE. AFTER THE DEPRESSION YOU WHERE SEEN AS A PIG IF YOU DIDN'T GIVE BACK TO WHAT HELPED YOU GET RICH. THEY WHERE TAXES HEAVILY, 90% AND WE ARE NOT ASKING FOR THIS, 38% I PERSONALLY FEEL IS RIGHT WITH NO LOOP HOLES. HAVE SOME F'ING PRIDE IN YOUR COUNTRY, IF YOU JUST WON'T TO USE AND ABUSE THE PEOPLE AND IT ENVIROMENT, FINE. GO SOME WHERE ELSE. YOUR NOT A PATRIOT. WE CAN'T ACCOUNT THIS TO A ME ADDITUDE.
But why 38% What exactly does the government need 38% of top income earners' money for? The government spends significant amount of money for useless services. Why can't we demand the government stop its needless wars, corporate subsidies, tax breaks for everyone, and reform the pension systems?
In fact, let me give you a scenario: There was a time in this country, only the top 2% of income earners were taxed. Wouldn't you want that kind of tax rate again? I know I would. And guess what? That happened because the government stayed within its means, was very small, and was able to keep rates very low. We don't need a higher tax rate, because the government has shown that it cannot invest properly. That is why I believe we need a lower, flat, no-loophole tax rather than a higher one that allows the government to continue to mal-invest the money.
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