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PlinytheTrader
Registered: Nov 2011
Posts: 69 |
01-09-12 10:39 PM
Very true, I wrote that without reading the second article you linked to that was in favor of taxing the rich. That article was even more absurd but was written so the everyday person could understand so it would only make sense for Peter Morgan to respond in like manner. It just feels misleading to phrase things that are easy to understand for a reader but then cite specifics that actually aren't necessarily true. I really hope there aren't many people out there who read the article in support of taxing the rich who now think it is a good idea to start a new economy centered around "green and sustainable" living, with the only costs being a 20% haircut on the rich.
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morganist
Moderator
Registered: Sep 2008
Posts: 3404 |
01-09-12 10:48 PM
Quote from PlinytheTrader:
Very true, I wrote that without reading the second article you linked to that was in favor of taxing the rich. That article was even more absurd but was written so the everyday person could understand so it would only make sense for Peter Morgan to respond in like manner. It just feels misleading to phrase things that are easy to understand for a reader but then cite specifics that actually aren't necessarily true. I really hope there aren't many people out there who read the article in support of taxing the rich who now think it is a good idea to start a new economy centered around "green and sustainable" living, with the only costs being a 20% haircut on the rich.
You do realise that it was a 20% tax on all their assets not just one years income?
This is why it was so absurd.
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Mercor
Registered: Jun 2007
Posts: 3854 |
01-09-12 10:51 PM
Those who want "fairness" , do they think the Government is the best way to distribute capital.
Do not got to the Government if you want "fairness" distribution of capital.
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PlinytheTrader
Registered: Nov 2011
Posts: 69 |
01-09-12 11:23 PM
Quote from morganist:
You do realise that it was a 20% tax on all their assets not just one years income?
This is why it was so absurd.
Yes I do realize that the article suggests the one time 20% tax idea which is absurd to begin with, but most other pundits look to increased tax rates overall on the wealthy. They want to use people with money as a get out of jail free card. Of course if they actually did wipe away their debt then what is going to stop the government from racking it back up again? The answer, nothing.
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Lucrum
Registered: Dec 2003
Posts: 31462 |
01-10-12 01:51 AM
Quote from Covertibility:
Good laugh. Money is always doing something, at the zero bound?? Really?? Govt's that can print their own currency don't rely on debt markets to finance their expenditures!
These types of articles is an example of why free speech is a bad thing. If one wants to justify not taxing the rich, this garbage article was not the way to go.
Spoken like someone who doesn't have to worry about taxes.
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clacy
Registered: Sep 2006
Posts: 2396 |
01-10-12 03:18 AM
Quote from Covertibility:
Good laugh. Money is always doing something, at the zero bound?? Really?? Govt's that can print their own currency don't rely on debt markets to finance their expenditures!
These types of articles is an example of why free speech is a bad thing. If one wants to justify not taxing the rich, this garbage article was not the way to go.
Free speech is a bad thing? Typical liberal
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