Home |
Search |
Today's Posts |
#121
posted to alt.sailing.asa
|
|||
|
|||
OT / My pet peeve *fatties*
"Capt. JG" wrote in message ... No. They're citizens and should pay their fair share. I agree completely. Speak first with George Soros, who sequesters his billions in offshore numbered accounts in order to escape the punitive taxation the rich suffer. Here's the problem, Jon. If you tax the rich equitably, most pay their taxes without protest. When you tax them punitively, they shelter their earnings and end up paying very little. The rich didn't get that way by being stupid--they got that way by being greedy and resourceful. Do you honestly believe raising taxes on such people will produce more revenue? Historically it has had the opposite effect. In fact, raising taxes for all classes beyond a certain point will have exactly the opposite of the desired effect of increasing revenue. I hope I don't have to explain that to you. Max |
#122
posted to alt.sailing.asa
|
|||
|
|||
OT / My pet peeve *fatties*
"Todd Nozzle" wrote in message . .. "Capt. JG" wrote in message ... No. They're citizens and should pay their fair share. Government should be priced like bread. Everyone pays the same amount regardless of income. Oh, no, no, no--that's contrary to the liberal ideology of redistribution of wealth. Max |
#123
posted to alt.sailing.asa
|
|||
|
|||
OT / My pet peeve *fatties*
"DSK" wrote in message ... Actually, the tax should be slightly skewed progressively (ie the top earners pay more) because they gain more from the system. Given reasonable taxation, they also *contribute* far more to the system. Or did you simply ignore that fact. Can we presume that you are not in favor of a flat tax? g Max |
#124
posted to alt.sailing.asa
|
|||
|
|||
OT / My pet peeve *fatties*
"Walt" wrote in message ... The problem lies in that the tax rate changes depening on how you make the money. If you *earn* it by *working* it's taxed at a higher rate than if you obtain it without working. That's my main beef with the tax system. A guy who busts his ass working as a plumber or a ditch digger pays a higher rate than a guy who makes much more flipping condos or bonds. Oh really??? Did you conveniently omit the capital gains tax, or just forget about it. And the guy who makes money flipping condos in turn pays a higher rate than the lucky offspring of the well to do who "earn" their fortune simply by virtue of outliving their parents. The heirs don't "earn" anything. They inherit the money their progenitors have *already paid taxes upon.* So you'd tax that money again? Why? Plus, workers whose salary is more than $90k don't pay FICA on the amount over that. If you make money via dividends or capital gains, no FICA is due at all. What's the problem with that?? When those individuals collect their SS benefits down the road, they won't collect any additional money beyond the max level based upon what they paid in. Oh wait--you're in favor of punitive taxation. I almost forgot. Max |
#125
posted to alt.sailing.asa
|
|||
|
|||
OT / My pet peeve *fatties*
"DSK" wrote in message ... Walt wrote: The problem lies in that the tax rate changes depening on how you make the money. If you *earn* it by *working* it's taxed at a higher rate than if you obtain it without working. That's my main beef with the tax system. Agreed. Liberal. A guy who busts his ass working as a plumber or a ditch digger pays a higher rate than a guy who makes much more flipping condos or bonds. And the guy who makes money flipping condos in turn pays a higher rate than the lucky offspring of the well to do who "earn" their fortune simply by virtue of outliving their parents. Well, you have to pick your parents. The big problem with the inheritance tax is 1- it seems to resonate with a lot of angry voters who themselves aren't going to inherit anything except car payments and possibly a mobile home 2- it is burden... often unbearable, literally... on small family owned-businesses that are assessed by their average gross. The burden is unbearable and the business is sold (usually for not much money) when the net is much smaller and the cash flow won't support the tax assessment. One way to fix this would have been to seperate inherited propery from inherited businesses.... but that was never even proposed AFAIK. Plus, workers whose salary is more than $90k don't pay FICA on the amount over that. If you make money via dividends or capital gains, no FICA is due at all. That would be one way to try to fix Social Security long-term, but the same angry voters won't hear of it. Ever consider why those voters are angry? Could it be that they react to basic unfairness, despite not being privy to such wealth? You seem to be from the "if it doesn't affect me, then stick it too 'em" school of "ethics." Max |
#126
posted to alt.sailing.asa
|
|||
|
|||
OT / My pet peeve *fatties*
"Dave" wrote in message ... On Thu, 30 Nov 2006 15:51:35 -0500, DSK said: Plus, workers whose salary is more than $90k don't pay FICA on the amount over that. If you make money via dividends or capital gains, no FICA is due at all. That would be one way to try to fix Social Security long-term, but the same angry voters won't hear of it. Would you change it from an insurance program into a welfare program by increasing the amount covered by FICA but not increasing the benefits? Do you really need to ask that of a liberal? Max |
#127
posted to alt.sailing.asa
|
|||
|
|||
OT / My pet peeve *fatties*
"DSK" wrote in message ... Walt said: Plus, workers whose salary is more than $90k don't pay FICA Dave wrote: And, of course, get a much smaller percentage replacement of their income through SS when they retire. And the problem with that is.... what exactly? Social Security is not an investment plan. But shouldn't it be fair? People who make over $90K/yr have much more comfortable options to support them in retirement... unless they **** away their money stupidly, which seems to be the new American way. So **** 'em, eh? Max |
#128
posted to alt.sailing.asa
|
|||
|
|||
OT / My pet peeve *fatties*
"Dave" wrote in message ... On Thu, 30 Nov 2006 15:58:03 -0500, DSK said: Social Security is not an investment plan. It has never been sold to voters as a welfare program. As it stands it's ill-fated. The GOP envisions the alternative of investment, while the Democrats see the alternative as welfare. One guess whose side you and I will come down upon. Max |
#129
posted to alt.sailing.asa
|
|||
|
|||
OT / My pet peeve *fatties*
Maxprop wrote: "DSK" wrote in message ... Maxprop wrote: I never implied that legislation, in and of itself, constitutes nannyism. Yes you did. Several times actually. Not even close. What I implied was that legislation which is designed to protect us from ourselves is nannyism. You interpret what you read to suit your prejudice. So, you're in favour of repealing all laws pertaining to mandatory qualifications for all professions, then? After all, this is nannyism at its worst. Why should people be forced to study for years and pass exams to be a doctor? You're just - in theory - protecting people from making a bad decision about who they consult. PDW |
#130
posted to alt.sailing.asa
|
|||
|
|||
OT / My pet peeve *fatties*
"Peter" wrote in message oups.com... So, you're in favour of repealing all laws pertaining to mandatory qualifications for all professions, then? After all, this is nannyism at its worst. Why should people be forced to study for years and pass exams to be a doctor? You're just - in theory - protecting people from making a bad decision about who they consult. PDW Great idea! Bad doctors would go out of business sooner. Medicine would advance rapidly due to choice of therapy. Should do it for lawyers too. |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
Pretty but unsailable | Boat Building |