[quote]rainjack wrote:
You talk about how certain people grow disillusioned - I disagree. They may be to lazy to persevere, but they will still run to the corner convenience store and purchase their ‘powerball’ tickets twice a week. Why? For the opportunity to get rich. To have more. To quench the ‘greed’ that is as inherent to mankind as laughter. [/quote]
That is very true. And I’m not saying the opposite: when I say they grow disillusioned I’m talking about growing disillusioned that they can get rich by working hard. So people will just give up on working hard and find some other ways to get rich: lottery, organized crime, fraud, etc. The greed is still there, it is just channeled differently.
[quote]paul bunyan wrote:
Zap Ive repeated this so many friggen times. Im talking about billionaires. This is a million -1000 000 this is a billion -1000 000 000. You got that. They should keep 100 000 000 to do whatever they want with. Take the rest give it to scientists or poor people. The scientists would invent some cool shit, and their paychecks would go in the bank.
…[/quote]
Paul, same principles apply.
Billionaires don’t have their money in piles like Scrooge McDuck, instead they own multiple companies.
I actually know a billionaire. He owns multiple companies in manufacturing, insurance, retail and real estate. I think his worth is a little over $ 2 billion although his company is private and so are the financial figures.
If he was presented with a $ 1 billion dollar tax bill it would put a bunch of his companies out of business and a lot of people out of work.
[quote]rainjack wrote:
paul bunyan wrote:
Rainjack your posts are fucking priceless. I’m young I have an excuse for crazy posts but what is your excuse.
Please tell me what I have said that is so crazy, junior.
I’m curious, just for the sake of argument, how many people in today’s economy, really have to worry about having to run into the much maligned $100,000,000 barrier that PB has proposed?
Hell, even without any such barrier, many people are already taking their money, their profits, offshore.
I wonder how many people, again as a percentage, who would run into that barrier would not already be taking advantage of offshore opportunities to greatly minimize personal income and taxation?
Am I arguing for it? No! Do I think the real impact might just be minimal, even though it crosses some very significant political boundaries? Perhaps.
I can’t believe I am saying this, but - vroom might just have a point.
There are folks worth a hell of a lot less than $100m who use very sophisticated tax avoidance schemes - whether it be a cash flow maze, or off shore accounts.
Why? Because the tax system we have is extremely punitive to the wealthy. I know that Hspder will disagree and say that it is not high enough on the rich, but when folks are shipping money to the Caymans, that is money that is out of real circulation, and therefore out of the economy.
Why tax success? Why not tax consumption? No one should be able to escape a consumption tax - ie national sales tax.
I realize that this is a tangent to a tangent, but I am tired of talking about the ramblings of a teenaged, jobless, live-with-mommy idealist.
[quote]rainjack wrote:
I can’t believe I am saying this, but - vroom might just have a point.
There are folks worth a hell of a lot less than $100m who use very sophisticated tax avoidance schemes - whether it be a cash flow maze, or off shore accounts.
Why? Because the tax system we have is extremely punitive to the wealthy. I know that Hspder will disagree and say that it is not high enough on the rich, but when folks are shipping money to the Caymans, that is money that is out of real circulation, and therefore out of the economy.
“Extremely punitive to the wealthy” Man you are stupid.
Why tax success? Why not tax consumption? No one should be able to escape a consumption tax - ie national sales tax.
I realize that this is a tangent to a tangent, but I am tired of talking about the ramblings of a teenaged, jobless, live-with-mommy idealist. [/quote]
I go to school you fucking idiot. Why would you lip me for living at home and not having a job. How could I work enough to support myself and go to school for 8 hours a day. You LITTLE LITTLE MAN.
[quote]paul bunyan wrote:
I go to school you fucking idiot. Why would you lip me for living at home and not having a job. How could I work enough to support myself and go to school for 8 hours a day. You LITTLE LITTLE MAN.
[/quote]
Well - if you have the time to tell multi millionaries that they make too much money - then maybe you aren’t studying hard enough. You have earned no respect, and you get on here acting as if you are more than the misguided ejaculation that should have been pulled out and shot on the floorboard that most teenagers are.
I’m not ‘lipping’ you for being a kid. I’m ‘lipping’ you because your ideas are that of a kid who has never had a job, or contributed in any way to society other than that of a consumer - and that only because of mommy’s credit card.
Until you have actually done something with your life to warrant a shread of respect - you will get none from me. Especially when you throw your stupidity around like a dead cat.
I go to school you fucking idiot. Why would you lip me for living at home and not having a job. How could I work enough to support myself and go to school for 8 hours a day. You LITTLE LITTLE MAN.
[/quote]
[quote]rainjack wrote:
paul bunyan wrote:
I go to school you fucking idiot. Why would you lip me for living at home and not having a job. How could I work enough to support myself and go to school for 8 hours a day. You LITTLE LITTLE MAN.
Well - if you have the time to tell multi millionaries that they make too much money - then maybe you aren’t studying hard enough. You have earned no respect, and you get on here acting as if you are more than the misguided ejaculation that should have been pulled out and shot on the floorboard.
I’m not ‘lipping’ you for being a kid. I’m ‘lipping’ you because your ideas are that of a kid who has never had a job, or contributed in any way to society other than that of a consumer - and that only because of mommy’s credit card.
I thought I already responded to your credit card assumptions. When I need money I work. My “mommy’s” credit card may get me food and some clothes, but anything extra I afford through hard labour. It’s not hard for a weightlifting teenager to get work.
Until you have actually done something with your life to warrant a shread of respect - you will get none from me. Especially when your throw your stupidity around like a dead cat. [/quote]
I don’t want any respect from you. To me that might be a bad thing.
Whatever, sparkie. If you are supposed to be a student, why are you online at 2:00 in the afternoon? Studying? Oh - you are probably at study hall and the only chair that would support your hulking teenaged weightlifting frame was in front of the computer.
[quote]rainjack wrote:
Whatever, sparkie. If you are supposed to be a student, why are you online at 2:00 in the afternoon? Studying? Oh - you are probably at study hall and the only chair that would support your hulking teenaged weightlifting frame was in front of the computer.
I smell Al Shades. [/quote]
Im sick. Was that supposed to be an insult? What is al shades.
[quote]rainjack wrote:
I can’t believe I am saying this, but - vroom might just have a point.
There are folks worth a hell of a lot less than $100m who use very sophisticated tax avoidance schemes - whether it be a cash flow maze, or off shore accounts.
Why? Because the tax system we have is extremely punitive to the wealthy. I know that Hspder will disagree and say that it is not high enough on the rich, but when folks are shipping money to the Caymans, that is money that is out of real circulation, and therefore out of the economy.
Why tax success? Why not tax consumption? No one should be able to escape a consumption tax - ie national sales tax.
I realize that this is a tangent to a tangent, but I am tired of talking about the ramblings of a teenaged, jobless, live-with-mommy idealist. [/quote]
I don’t like the consumption tax RJ. Why punish those who are adding to the economy by spending?
We need (as Steve Forbes has stated) a fair flat tax system. No loopholes! Let’s say 20% across the board. And if you make under 30-K or so you pay nothing.
[quote]ZEB wrote:
I don’t like the consumption tax RJ. Why punish those who are adding to the economy by spending?
We need (as Steve Forbes has stated) a fair flat tax system. No loopholes! Let’s say 20% across the board. And if you make under 30-K or so you pay nothing.
What do you think?
[/quote]
I don’t have a problem with the flat tax other than it will still encourage tax avoidance. The consumption tax is the only tax that doesn’t tax success. It only taxes when you spend.
Now, there are some downsides to it as well. Namely that it turns merchants into tax collectors which I don’t think is very fair to the small businessman. and I’m sure that someone will figure out how to defraud the gov’t.
I don’t have a problem with the flat tax other than it will still encourage tax avoidance. The consumption tax is the only tax that doesn’t tax success. It only taxes when you spend.[/quote]
Not so fast, those who make more money spend more money! Hence, you are in fact taxing success.
[quote]Now, there are some downsides to it as well. Namely that it turns merchants into tax collectors which I don’t think is very fair to the small businessman. and I’m sure that someone will figure out how to defraud the gov’t.