Posted on 09/29/2010 4:44:29 PM PDT by Sneakyuser
Snip...
Columbia University Professor Marc Lamont Hill tells me, "Those who have more should pay more."
But is there a point where they stop producing wealth or leave altogether?
"The rich have always cried wolf like that," Hill says.
But the wolf is here. Maryland created a special tax on rich people that was supposed to bring in $106 million. Instead, the state lost $257 million"
(Excerpt) Read more at wnd.com ...
And the question I never really hear asked of these idiots...
Why?
Today Glenn Beck was the best show I’ve ever seen. I must admit I don’t watch it that much. But obama’s daddy wrote an article saying the government has the right to tax the wealthy at 100% as long as the government provides them with the service they need.
Are people just too stupid to understand that when you don’t make money on your investments you stop investing?
Those with enough brains and energy will always find a way to pay less or to avoid paying more. Even the left-wing jackasses who have billions are very adept at avoiding taxes while urging others to pay more. Ask the Kennedys about the various family trusts and tax dodges (note: Old Joe made enough money for the slackers and morons that followed him to hire energy and brains).
Those who have more already do pay more, Professor Hill.
Believe it or not, but here in these great Unites States Congress passed just that measure in 1930s, raising the top marginal income-tax rate to 100%. Apparently on advice of Morgenthau, Roosevelt decreased it to... 90%.
It did not occur to our elected representatives that nobody would work passed the threshold if all his income is to be forfeited.
The commies don’t want you ask that question. They also don’t want to see that the top 5-10% of earners ALREADY pay about half the income taxes... and only earn about 30% of the income!
I guess they have never heard of tax-free municipals.........
Those that have more are paying more already,,, how bout everyone should pay something? Bout 50% are paying anything federally.
I don’t want taxes raised but the threat that the super wealthy “citizens of the world” will leave the US is no threat at all. Most of the super rich are traitorous progressive kooks who use their wealth as “charity” social and political wrecking balls on our country. Who cares if they chose to leave the US? We should put a special, extremely high tax on Hollywierd.
The FairTax is the solution - make the Poor (and Criminal and Undocumented) pay their fair share.
Also, tax consumption, not production.
Finally, the IRS and other intrusive government agencies will no longer have an excuse to keep your personal statistics on file...
"The rich have always cried wolf like that," Hill says.
That's not what he said. He said, "Thosewhohavemoreshouldpaymore." and "Therichhavealwayscriedwolflikethat."
From each according to their means, to each according to their needs.
Ping
“But obama’s daddy wrote an article saying the government has the right to tax the wealthy at 100% as long as the government provides them with the service they need.”
Here’s one that makes you angry:
A letter printed in the USA Today the other day lamented the fact that the rich are ONLY taxed on the first $100,000 of their income for Social Security. He wants to tax them for their entire income, yet make a cap so they can only collect the maximum that is in place now (about $15,000 annually)!
The justification? The fact that the rich are paying the LOWEST taxe rates in the last 75 years (well yes if you include the 92% upper tax rate in the early 1960s)!
I don’t get into Left Vs. Right personal discussions but when I hear someone saying the rich are greedy and don’t pay their share I ask, “Is it greedy to make your own money legally and want to keep it or for someone to have it taken away from another without doing anything to earn it?” That is the definition of greed, in my opinion.
And it isn't even like there is a cut off point, people will invest less to the exact degree that government taxation makes the risk outweigh the benefit.
Risk two million dollars on an investment, and if you make a million, Uncle Sam gets over 50%? You take all the risk, and US takes over half the profit? Well how risky is the investment and how much is the return, and maybe now I should not invest.
“Columbia University Professor Marc Lamont Hill tells me, “Those who have more should pay more.”
“The rich have always cried wolf like that,” Hill says.
That’s not what he said. He said, “Thosewhohavemoreshouldpaymore.” and “Therichhavealwayscriedwolflikethat.”
LOL. Good one. Mark Lamont Hill, A.K.A. Motormouth, thinks that trick can work on his students but it doesn’t on the “educated.”
(He is funny on Red-Eye though and not afraid to come on and debate with O’Reilly, Coulter, etc. I’ll give him that.)
Yeah and once they leave, the vultures pick the bones of the next guys down until there is nothing left to pick....then chaos happens.
Economics Bookmark.
I have always wondered why taxing people for different amounts (rich-poor, etc.) was not in contrast to the principle of equal treatment under the law.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.