Posted on 06/02/2013 6:40:41 AM PDT by SeekAndFind
You know it as the welfare state.
When you raise taxes on the rich for more govt handout to provide goods and services to the poor, you aren't redistributing “WEALTH” to the poor from the rich, it's just the opposite. It's a paradox.
The rich are the ones providing the goods and services and in most cases they are getting paid more for the goods and services by the govt. than the goods and services cost to produce.
Food stamps is the perfect example. The poor don't pay less for the food they by with FS, they pay the same as everyone else that's shelling the money out of their pocket.
The wealth is being redistributed from people that have to pay for the goods and services out of their own pocket to the people providing the goods and services, the so called rich.
Raise taxes on the rich that provide goods and services, they raise their price. Those on the govt dole aren't out any wealth if prices go up, but the people that actually have to pay for the goods and services themselves are loosing their wealth every time prices go up.
Look who is paying the overwhelming taxes collected in this country especially the income tax. It's the rich.
With an overwhelming amount of tax revenue dependent on the top earners, the govt. cannot increase it's income from income taxes unless there is a plan to increase the income of the top earners that pay the tax.
The dems call this little plan of theirs “Trickle UP economics”, you actually increase the number of people in poverty to increase revenue to the govt.
Of course it's doomed to fail.
Eventually the middle class that actually pays the tax increase hidden as a price increase in goods and services, no longer has enough money to pay for goods and services that are beyond necessities and the whole system will come crashing down.
This money cannot buy the violence that will destroy it.
Then we have the children, crips, widows, orphans, handicapped, prisoners..... just all sorts of people out there including the elderly infirm ...... and they not only don't work, those of their class never worked except during times of disaster.
About 100 million people in this country are actually employed in jobs. With 320 million population, that means 220 million DO NOT WORK ~ not you, not me, not your grandparents, not Mitt Romney, not Bill Gates (Tending to giving money away really isn't work now is it).
You imagine 47% don't work, and it's actually 69%!!!!
Just to let you know what my base of understanding is ~ and frankly I don't care if there's somebody out there who's never paid federal income tax ~ it's an antiquated unproductive taxing method we should ~ in fact MUST get rid of as soon as possible ~ so good for the 47%
This is such a foolish, immature, and ridiculous worldview that it is consigned to all he other little crackpot global warming conspiracy theories, and dinghy pretty wheel describes its intellectual content.
Your proof of this allegation can be found where?
Yes, the reality is the top 5% pay over 40% (or more) of all taxes in this country, and the bottom 50% pay ZERO (followed by wealth re-distribution "tax credits") that however doesn't translate into your allegation that those at the top 1% are getting their money back through same redistribution scheme.
That's circular logic and it don't fly on this side of the keyboard.
What mess? Both parties are happy with it. The Democrats will continue to be elected and the welfare state will get bigger. The GOP will continue to be see the rich get richer regardless of who gets elected. And both will keep any third party out of the debates.
The housing bubble can blamed almost entirely on the government.
You are right.
It’s the poor that are providing the goods and services, and they are poor because they charge less for the goods and services they provide than it cost them.
Supermarkets are a perfect example.
The supermarkets buy all that food then actually GIVE all that food away to people on food stamps, they actually loose money every time a govt leach uses food stamps not make a profit.
You’re a genius, and it’s an honor to be correct by a genius.
People on food stamps don't worry about spending $5 for a bag of potato chips, cases of soft drinks, cookies, candy etc. every time they are at the store, but people that do pay for it themselves will only do it on special occasion.
If the govt. wasn't paying for all that junk food for govt. leaches the sales for it would be way down.
A lot of grocery stores, especially convenience stores, wouldn't have near the profit for the govt. to tax.
Boy, I sure blew that one. Damn' my dyslexia, I should've read that more carefully a second and third time. I had interpreted the above into something completely different, my apologies.
“I note that skiing on flat ground is not much fun.”
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That is very true but while people go up a snowy hill for the exhilaration of sliding back down it at a rapid rate they have no such intention while climbing the economic slope.
Sorry, my bad. ;>)
I suspect a large % of what is owned/held by the top 1%, top 10% or even top 40% of wealthy is valued, on paper, at todays new bubble prices/values than is the portion owned by the bottom 60%.
But, in fact, that’s the nature of capitalism, creative destruction. The most volatile segment of the economy is the top 1% with more movement into and out of it than any other economic segment. It’s very hard to stay on top.
Accepted.
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