What is the optimum tax rate on the wealthy?

Discussion in 'Economics' started by nitro, Nov 29, 2011.

Tax rate on the wealthy (say earners of > 1M a year)

  1. 0 - 10%

    28 vote(s)
    22.4%
  2. 11% - 20%

    16 vote(s)
    12.8%
  3. 21% - 30%

    26 vote(s)
    20.8%
  4. 31% - 40%

    12 vote(s)
    9.6%
  5. 41% - 50%

    13 vote(s)
    10.4%
  6. 51% - 60%

    4 vote(s)
    3.2%
  7. 61% - 70%

    18 vote(s)
    14.4%
  8. I don't know

    3 vote(s)
    2.4%
  9. I don't care

    5 vote(s)
    4.0%
  1. I am for fair tax.


    Flat % income tax is fair if the rich and the poor have equal access to resources, ability to influence legislation, etc. We all know that in US there is NO equal access. So the flat tax is not necessarily the fairest option.
     
    #111     Dec 3, 2011
  2. excuse me, apparently you mistook me for someone who gives a shit about how smart guys spend their time.
     
    #112     Dec 3, 2011
  3. plyka

    plyka

    What people need to start realizing is that the government is NOT on your side. At the very least i would get the sentiment to tax the rich people a lot, from the middle class's perspective, if they then got that money. Unfortunately for them, that's not what happens, lol. Get this one straight:

    THE GOVERNMENT AND THE ELITE ARE ONE, THEY ARE ON THE SAME SIDE SINCE THEY ARE THE SAME PEOPLE!!!

    Now a difference must be made between the rich who have become rich due to their creating a company and earning the money in a free market by providing the best services/goods to the consumer.

    vs

    People who got rich with the help of government, either through the FED, direct subsidy/contracts/bailouts or government regulations which protect them from competitors.

    The government and the elite are the same people, they tax the middle class and re-allocate the wealth to the elite. Either through regulations or through government handouts.

    THIS IS HOW IT WORKS! WAKE UP SHEEPLE!

    If you want the American people to be best of you need a FAIR system, and the only FAIR system is free market capitalism. This doesn't mean that fraud, stealing, etc, is legal. There is a government in a laissez-faire capitalist society. The government's responsibility is not to regulate or spend money or manage the economy, but rather to enforce contracts, protect people from the force/fraud of others, etc. Laissez-faire capitalism, pure free markets, is the fairest form of society, it rewards those who earn it and produce it, and everyone becomes far more prosperous than they otherwise would be.
     
    #113     Dec 3, 2011
  4. MKTrader

    MKTrader

    All things that you do, freeloader. And I've seen 3rd graders with better grammatical skills. In reality, you simply ignore those who expose your fallacious arguments.

    Still waiting to hear your definition of morality and how you sit in the almighty judgement seat, determining which taxes are "moral" or not.
     
    #114     Dec 3, 2011
  5. MKTrader

    MKTrader

    Yawn. This has already been refuted. Go get your burger flippers to perform open heart surgery or design the next smart device and let us know how that goes.
     
    #115     Dec 3, 2011
  6. "Never do anything against conscience even if the state demands it." -- Albert Einstein
     
    #116     Dec 3, 2011
  7. MKTrader

    MKTrader

    When someone starts most of their posts with this kind of drivel, you know you're dealing with the dregs of ET.
     
    #117     Dec 3, 2011
  8. plyka

    plyka

    He is attempting, perhaps in a rude way, to explain to you how a fair and VOLUNTARY society would operate. A brain surgeon makes a lot more money than a hamburger flipper. If you forced the brain surgeon to flip hamburgers, then who would operate on you when your life is on the line? The would be hamburger flipper? You need to realize that attempting to FORCE others to do something is abhorrent, unless it is in self-defense. What right do you have to interfere between two people who want to make a voluntary trade with each other? A rich brain surgeon, indirectly, works for the hamburger flipper, when the hamburger flipper requires it and PAYS for it by flipping hamburgers for a lot of people in order to aqcuire the funds necessary. If a man makes a chair and trades it (indirectly through a medium of exchange) for another man who creates couches, what right do you have to interfere? That's the question.
     
    #118     Dec 3, 2011
  9. no, I'm not talking about forcing anyone to do anything. It all started when Cutten implied a 15k burger flipper was somehow an inferior being. Then logic piled on explaining that society needed burger flippers so smart people have time to perform brain surgery. We've already proven that people can survive without brains, but I've yet to see one that can survive without eating.
     
    #119     Dec 3, 2011
  10. we've gotten so far away from nature that people are deluded into thinking their executive management skill is somehow neccesary for survival. The only neccesary skill for human suvival is hunting and gathering. Modern mans existence now is so precarious that he can only survive by getting someone else to do his hunting and gathering for him. There aren't many left, but there are a few who still know how to survive without a stock market.
     
    #120     Dec 3, 2011