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Thread: What's So Awful About "Spreading the Wealth"?

  1. -1
    BAMAPHIN 22's Avatar
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    What's So Awful About "Spreading the Wealth"?

    Government performs certain essential functions, from education to national defense. It must raise money to do that. Charging everybody the same tax rate might sound simple. But it would actually impose a much harsher burden on the poor, since they end up spending much--if not all--of their incomes on the basic necessities of life, such as food, clothing, and shelter. As one famous 18th century philosopher argued,
    “It is not very unreasonable that the rich should contribute to the public expen[s]e, not only in proportion to their revenue, but something more than in that proportion.”
    Another rationale for progressive taxation is the fact that random chance has profound effects on everybody’s financial well-being. (A guy named John Rawls once wrote a thing or two about this.) Mandating economic equality--i.e., carrying out a truly socialist agenda--would obviously be wrong. But there are compelling moral and economic arguments for asking the fortunate to pay a little more in taxes, in order to blunt the influence of chance on people’s lives.

    Among other things, it’s not clear how long a capitalist society would even survive without at least some redistribution, given the likelihood that--without it--the poor would get poorer and the rich would get richer.
    http://blogs.tnr.com/tnr/blogs/the_p...alth-quot.aspx
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    Sans anarchy, every society features the spreading of wealth. This is just dishonest wordplay by the GOP machine.
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    BlueFin's Avatar
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    1) They already pay nearly all of it

    2) Raising taxes on Corporations will only cause inflation, higher prices to you, and the loss of jobs and job creation.

    3) When you start rewarding do-nothings for doing nothing, guess where your country is heading? Rewarding achievers creates the greatest workforce and greatest chance to succeed of any system in the world....bar none.
    Jay Fiedler can take his'n and lose to your'n.....or take your'n and lose to his'n.

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    FinaticPatch's Avatar
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    McCain gives tax breaks to companies who move there jobs overseas. So not only does he spread the wealth he spreads it out of our country.
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    Quote Originally Posted by BlueFin View Post
    1) They already pay nearly all of it
    Link please... from a government site, if you would. Not newsmax, or some goofy National Review Op-ed.

    Quote Originally Posted by BlueFin View Post
    2) Raising taxes on Corporations will only cause inflation, higher prices to you, and the loss of jobs and job creation.
    Maybe the way unbridled capitalism always USED to work in the post Nixon world. That doesn't mean is has to be that way this time around.

    Regardless, this is more about paying up for a war based on fraud, and the Enron-ing of America. The elite earned it, and the bill has arrived. Tough.

    The poor didn't want a police occupation of a foreign nation, and the poor didn't want corporate protections or outsourcing. Please don't tell us all what WILL happen, because Bushies have been dead wrong about just about everything the past 6-7 years. Don't expect us to buy the latest round of pap.

    Quote Originally Posted by BlueFin View Post
    3) When you start rewarding do-nothings for doing nothing, guess where your country is heading? Rewarding achievers creates the greatest workforce and greatest chance to succeed of any system in the world....bar none.
    Perhaps. Unfortunately, that's not at all what's being proposed. Not that we'd be surprised that the latest con man extrapolation would draw that conclusion above.

    Curious, do Ken Lay types "achieve?" If so, what?
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    BlueFin's Avatar
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    Quote Originally Posted by PressCoverage View Post
    Link please... from a government site, if you would. Not newsmax, or some goofy National Review Op-ed.


    http://www.ntu.org/main/page.php?PageID=6
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    Waterlogged

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    Quote Originally Posted by BlueFin View Post
    Great... But then, there's a lot more to it all than just federal income taxation...

    Comparing how much different households pay in taxes by focusing only on the federal income tax is like contrasting how much food people consume by counting only their breakfasts. To see who pays what in federal taxes, we need to look at the entire tax systemnot one component in isolation.

    In our federal system, households pay taxes to the federal government, state governments, and local governments. As we broaden the consideration of the taxes a family must pay from the federal income tax to include the rest of the federal tax system plus state and local taxes, the burden is shifted more and more to families in the middle and bottom of the income distribution.

    The federal tax system is composed of several main elements: the personal income tax, the payroll tax (which finances Social Security and Medicare coverage), the corporate income tax, various excise taxesnotably on gasoline, alcohol, and tobaccoand the estate tax. For most households, the payroll tax takes a bigger bite out of their income than any other federal tax.
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    Ferretsquig's Avatar
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    The general distribution of revenue is ~45% income taxes, ~35% social insurance, ~15% corporate, 5% estate, excise, other stuff.... Which is why Bluefin posted the proportions for income tax only.
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    Quote Originally Posted by FinaticPatch View Post
    McCain gives tax breaks to companies who move there jobs overseas. So not only does he spread the wealth he spreads it out of our country.
    He gives tax cuts to EVERY company. Liberals are so shortsighted. The US has the SECOND highest corporate tax rate in the industrialized world at 35% (second only to Japan).
    News flash......That chases businesses away from this country.
    Ireland's economy has flourished due to influx of new foerign investors and businesses AFTER they lowered the corporate tax rate to 11%.
    BO is stupid enough to think he can brow beat high income earners and businesses into paying higher taxes and yet still maintain productivity.
    I'm a physician making over 250K a yr and my partners and I are already planning on laying off a few employees. If I have to cut my salary, then I'm cutting my work hours to only 4 days a week.
    That's simple economics.
    BO is trying to buy your vote. However, a tax cut doesn't help you if you are unemployed. Remember the Carter years.
    “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
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    Its amazing how a lot of people demonize corporations. They provide jobs in this country and raising their taxes are going to make them cut jobs or move them overseas.

    Like it or not, the US is a part of a global economy now. Foreign investment is now almost as important as the domestic ones. Foreign companies don't want to invest in countries with high corporate taxes. And I don't blame them. Obama's policies are eventually going to economically isolate this country from the rest of the world and no matter how hard we work, we're still going to fall behind.
    Insert pithy saying here.

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