[quote]groo wrote:
[quote]DoubleDuce wrote:
[quote]groo wrote:
[quote]apbt55 wrote:
[quote]groo wrote:
[quote]HoustonGuy wrote:
[quote]groo wrote:
75 percent marginal tax on any income over 2 million how about that, capital gains or wages. You think he’d drop out of the economy and try not to earn to that level? Which seems to be the backside of his argument. People pick weird economic policy heroes.
Perhaps we should run the 9 9 9 and the free enterprise zones pushed by Cain?(This is the plan endorsed by your man here) They seem pretty strong. Certainly seems like a fair plan. I do like the part about the free enterprise zones in the inner cities it has a little je nais se quoi.[/quote]
Would never happen. If they taxed individuals this aggressively, imagine corporate tax.
Even if adjusted to allow revenue flow to support jobs that grant people an income to begin with, there would undoubtedly be some assassinations at hand.
In 2010, our GDP was estimated at $14.7 Trillion. Largely cultivated in private industry.
You try to steal $11 trillion dollars and see if you live.
Hell a lowly millionare with $2mil at risk of being cut to $500k would be able to contract a kill for less than his taxes would take from him.
Conjecture perhaps but totally realistic and likely.
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Do you really want to hold that taxation is theft? I know you like to portray yourself a jovial fool, but this is moving away from simply playing the fool. Taxation is the cost of playing by the government’s rules.
If you want no taxation and no government the anarchists will meet you there. However assuming we agree that taxation is the acceptable cost of choosing the follow the rules of government then its not theft. You could remove yourself from being taxed after all if you chose.
On the other end why should a democratic society support a system if a majority feels it unjust? Obviously if we believe in democracy the masses should largely get the government they want even if it were to erode property rights and wealth accumulation. This is the crux of why people paint libertarians as fascists, because when push comes to shove they don’t hold that a democracy should be able to choose to redistribute wealth and property as it chooses.
75 percent was the marginal rate once upon a time. Corporations no matter what swill people want to feed anyone shouldn’t be treated as people especially not under the tax code. Corporate taxes should largely be lowered but made exemption free. This would help the myriad small corporations out there do business better while ensuring the mega corps pay their share.
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Um, since when are we a mob rule democracy?
Last time I checked, our government was established only for the preservation of individual rights. Here in America, other places may be different.
I know some people seem to think taxes should pay for services for others, but that is not the case, In the U.S. taxes should only be levied to provide basic infrastructure.
Otherwise you are using violent force of the government to violate individual rights.
So in short, if you want the services and programs you pay for them, but no you cannot use the government o extort money from people to support your agenda. [/quote]
The only right to property is because the government allows you to hold it. There is no right by being born to hold property. Prior to that it was your own ability to use violence to hold it.
The entire point of a government is more or less using force to follow the will of those in power. Supposedly the people in the USA.
If a president were elected on the position of restoring a 75 percent marginal rate and the house and senate similarly filled with candidates backing this position, since its the will of the people the representatives should enact it in a representative democracy.
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That’s all well and good, but the US is a CONSTITUTIONAL republic not a straight up representative democracy. The people and the government are NOT endowed with ultimate power. The US is specifically designed and set up to prevent the majority from being able to do what they want at the expense of others.
Learn some history.[/quote]
There is nothing about high marginal tax rates in the constitution so it would be fine to work for legislation for it.
The people are in fact endowed with the ultimate power perhaps its you that might want to bone up on some history, along with some economics…though I am not particularly sure why you should bother think you think no one knows anything definitively.
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Wrong. The individual is. God gives individuals rights that no one can remove from them. That is the foundation of the US form of government. Period.
For example. If the people (majority) voted to round up and kill all black people, it would be denied by the constitution. The constitution’s codified rights of individuals are the ultimate power in the land. You cannot do anything you want, no matter how popular. You have no idea what you are talking about.