Washington Post: Taxing the rich fairly can be done — and would raise revenue

Washington Post ^ | 08/23/2011

[mo]

As the Tea Party gains traction...the Elite perceive their “claim” on Federal Government slipping.

Progressive Taxation is how the Elite “buy” legitimately claim the government as “theirs” ..which is why we enjoy an Oligarchy.

As others “buy in” they are trying to up the ante. That’s all.

[mo]

how the Elite “buy” AND legitimately claim ...

oops!!

[emax]

I dont care and i dont think its my business at all, but G-d knows how many of today’s Americans do, which is what I was trying to say. Common rhetoric is that people just simply do not deserve to have huge amounts of wealth they have (CEOs, pro entertainers, contractors, investors, etc) and should never have that much money to begin with, and regardless of whether or not you or I believe it, we will always need to address the large numbers of Americans who do.

[emax]

Dont worry, there is helpful info there indeed. As I may have not made clear before, I am not a fan in any way of more taxing on anyone. I’d sooner have my tonsils, wisdom teeth and appendix removed the medieval ways before advocating more taxes on anyone. The point was the need to develop arguments to deal with the mentality of taxing more “rotten rich kids “ (yeah it was meant to be facetious, probably should have included the /s tag) will bring more prosperity to the rest of Americans. We need to have a debater’s guide when it comes to raising taxes, taxing the richest, hell anything regarding taxes in general. And so we can be prepared to effectively argue that the solution to the crisis is never a matter of exhorting more tax dollars from people, (regardless of wealth).

[greeneyes]

Well, as you can see, I have been working on putting a few tidbits together that I can throw out now and again. My husband happens to like the one about God only asks for 10%.

As for Buffet and his ilk. It always pays to follow the money.

[budwiesest]

increasing taxes will only trigger increased spending,

Exactly, you give govt. $1.00 and they spend $1.50 which you, as taxpayer, are on the hook to pay back with interest.

The income tax issue is being used to avert our attention from what's really coming next: a Wealth Tax.

Recall, Oblamer didn't tell Joe-the-plumber he wanted to "spread the tax burden around", he said,"spread the wealth around".

[okie01]

Common rhetoric is that people just simply do not deserve to have huge amounts of wealth they have (CEOs, pro entertainers, contractors, investors, etc) and should never have that much money to begin with, and regardless of whether or not you or I believe it, we will always need to address the large numbers of Americans who do.

Good God, man!

Whatever do you have against the rich. What did they ever do to you (besides give you a job?). What the hell are you doing on a conservative forum? Attitudes like yours belong on Daily Kos or DU. Class warfare is hardly a conservative warcry.

How about we try to encourage others to be rich, too?

[newzjunkey]

Yeah no conflict of interest there. /s

[KDD]

The “50% pay nothing” is only true if you don,t factor in F.I.C.A. which only lower income payroll employees pay.(believe me employers pass their share off to the employee one way or another) Though the F.I.C.A. is used to(supposedly)fund retirement we all know that the fund has been and continues to be raided by politicians on both sides to make up for shortfalls in the General Fund. Those 50% numbers exclude the FICA tax though it is true that the income tax is a less progressive tax then the payroll tax. Any cuts to social security should start with means testing. Perhaps no one should be able to receive 90,000 dollars a year or more income from capital gains and still be able draw full social security medicare benefits.

[KDD]

Income tax has deductions, and the more you earn, the more deductions you can claim. FICA is paid on the first penny earned, with no deductions at all.