Posted on 01/29/2012 12:08:56 PM PST by piytar
Obama and other Democrats are constantly harping on taxing the "rich" or the "wealthy," but their proposals are all about taxing income. Well, income is not wealth, and the wealthy often have little income. The reality is that all income taxes do is punish the productive and job creators. Income taxes also are very useful for the wealthy and powerful to keep their club exclusive by making it nearly impossible for most people to become wealthy.
In other words, income taxes are class warfare by the mega-wealthy against the middle and upper middle class. They want to keep their club exclusive.
As a personal example, I just got a new job. Very good income. However, as a result of trying to create a small business and failing, I also have a lot of debt including tax debt. I will likely see about 15% of my income. The rest will be taxed away. But according to Obama and the Democrats, I'll be approachig "wealthy."
What's the solution? See below. This is a rough draft for discussion purposes, but I think it's a good idea.
OK, will don my flame retardant suit now...
“In other words, income taxes are class warfare by the mega-wealthy against the middle and upper middle class. They want to keep their club exclusive.”
Eat the Rich!
Eat their seed capital!
BTW, did you notice that covetousness is listed on the list of things God hates...
Yup. Bad idea. Freepers are good at shredding those.
Flat tax works for me.
ZOT cleanup needed on Aisle 1!
What Marx and his ilk wouldn’t be proud of is that I admit it was a horrid idea. But I still want to keep sections 1 and 2!
Yeah, it was a stinker of an idea...
Getting rid of the income tax is sensible, but taxing wealth is not. Tax consumption -- a sales tax on consumer purchases. It would spur savings and capital formation and create spectacular growth.
Make it abundantly clear, so even the Supreme Court can't get around it.
OK, I’m impressed that you realize it. That is a sign of maturity for anyone. Good job!
Yeah the idea needed some work. But we need people like you who are willing to make an effort to flesh out ideas and subject them to review. IMHO a lot of the responses you got were typical FR insults, but for those who prefer to actually think about the issues, yor are to be commended.
Thank you, newheart. As a long term Freeper, I have pretty thick skin, but I truly appreciate what you said.
If you’re going to call a ZOT, at least direct it to the right person. BTW, fail...
Oops, didn’t realize you were the same poster who made this comment.
MY second massive fail of the day. Sigh.
The wealthy don’t owe you or anyone else anything!!
Correct.
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