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TAXING THE RICH

A

Anonymous

Guest
If the economy does not improve then we will all benefit from Obamas tax cuts if he is elected.
 

Texan

Well-known member
Oh, yeah, most of us will be better off - if you believe Obama. I'm sure poor white trash like me will probably be a LOT better off - getting some tax relief and letting the wealthy folks pay more.

I've got some rich neighbors that I guess I could just go steal from while I'm looking out for me. They've got some pretty nice stuff. That would make things better for me, while letting them 'contribute' more. Nothing wrong with spreading that wealth around, is there?
 

jigs

Well-known member
this nation is just chock full of ignorant fools. who builds industry? the rich. these industries need supporting businesses, the rich start those also. they need employees....that is where the mass population comes in.....

so 5% of Americans are getting the ball rolling with jobs for the rest.

tax that 5% and they slow up....it will cost jobs for the masses, and THAT will hurt us even more.

Obama is the answer....if the question is How do we ruin America.


you liberal fools spout of hate for the rich, well hate them all you want THEY are why YOU have a job.
 

TSR

Well-known member
Texan said:
Oh, yeah, most of us will be better off - if you believe Obama. I'm sure poor white trash like me will probably be a LOT better off - getting some tax relief and letting the wealthy folks pay more.

I've got some rich neighbors that I guess I could just go steal from while I'm looking out for me. They've got some pretty nice stuff. That would make things better for me, while letting them 'contribute' more. Nothing wrong with spreading that wealth around, is there?

No you wouldn't wamt to do that you might be stealing from one of those ceo's of a failed corporation whose company is now getting relief via the taxpayers. Certainly wouldn't want to take anything from them would we. As a matter of fact why not cut their taxes even more maybe they could start a company on their own, I bet they feel pretty secure now whether or not it succeeds.
 

TSR

Well-known member
jigs said:
this nation is just chock full of ignorant fools. who builds industry? the rich. these industries need supporting businesses, the rich start those also. they need employees....that is where the mass population comes in.....

so 5% of Americans are getting the ball rolling with jobs for the rest.

tax that 5% and they slow up....it will cost jobs for the masses, and THAT will hurt us even more.

Obama is the answer....if the question is How do we ruin America.


you liberal fools spout of hate for the rich, well hate them all you want THEY are why YOU have a job.

Jigs does that 5% include those that walked away with millions of those bailed out companies?
 

TSR

Well-known member
TexasBred said:
hurleyjd said:
If the economy does not improve then we will all benefit from Obamas tax cuts if he is elected.

Sad part is that everybody on this board has a dream of being rich...

Yes they do in an honest, fair way I hope, nothing wrong with that.
 

nonothing

Well-known member
jigs said:
this nation is just chock full of ignorant fools. who builds industry? the rich. these industries need supporting businesses, the rich start those also. they need employees....that is where the mass population comes in.....

so 5% of Americans are getting the ball rolling with jobs for the rest.

tax that 5% and they slow up....it will cost jobs for the masses, and THAT will hurt us even more.

Obama is the answer....if the question is How do we ruin America.


you liberal fools spout of hate for the rich, well hate them all you want THEY are why YOU have a job.

Most of the big company are owned by owners outside the country..Also i find it odd after what you are saying,that a guy like warren buffet beeing someone who would be taxed heavily,would indorse Obama...

Ruin America ,well I will tell you this much,Nobody could of done a worse job at running america the GW Bush has done....

There is no hate for the rich but quite frankly the poor and med class cannot afford to be taxed any more..Your past 8 years of leadership have drained the country's coffers dry and the only way to pay off the debt is by taxes...

If McCain gets in,are you jigs.ready to apologies to all those that you call fools when he taxes you?....Give your head a shake,McCain already said he would vote against tax cuts under bush's watch,you think he can pay for everything including the national debt by dropping taxes?...If so,then maybe your the fool here....
 

srd65

Well-known member
Bar Stool Economics

Our Tax System Explained: Bar Stool Economics

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that's what they decided to do.
The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. 'Since you are all such good customers,' he said, 'I'm going to reduce the cost of your daily beer by $20.' Drinks for the ten now cost just $80.
The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free.
But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?'
They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer.
So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so:
The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33%savings).
The seventh now pay $5 instead of $7 (28%savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings.
'I only got a dollar out of the $20,'declared the sixth man. He pointed to the tenth man,' but he got $10!'
'Yeah, that's right,' exclaimed the fifth man. 'I only saved a dollar, too.
It's unfair that he got ten times more than I got' 'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? The wealthy get all the breaks!'
'Wait a minute,' yelled the first four men in unison. 'We didn't get anything at all. The system exploits the poor!'
The nine men surrounded the tenth and beat him up.
The next night the tenth man didn't show up for drinks so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!
And that, ladies and gentlemen, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.
 

TexasBred

Well-known member
nonothing said:
jigs said:
this nation is just chock full of ignorant fools. who builds industry? the rich. these industries need supporting businesses, the rich start those also. they need employees....that is where the mass population comes in.....

so 5% of Americans are getting the ball rolling with jobs for the rest.

tax that 5% and they slow up....it will cost jobs for the masses, and THAT will hurt us even more.

Obama is the answer....if the question is How do we ruin America.


you liberal fools spout of hate for the rich, well hate them all you want THEY are why YOU have a job.

Most of the big company are owned by owners outside the country..Also i find it odd after what you are saying,that a guy like warren buffet beeing someone who would be taxed heavily,would indorse Obama...

Ruin America ,well I will tell you this much,Nobody could of done a worse job at running america the GW Bush has done....

There is no hate for the rich but quite frankly the poor and med class cannot afford to be taxed any more..Your past 8 years of leadership have drained the country's coffers dry and the only way to pay off the debt is by taxes...

If McCain gets in,are you jigs.ready to apologies to all those that you call fools when he taxes you?....Give your head a shake,McCain already said he would vote against tax cuts under bush's watch,you think he can pay for everything including the national debt by dropping taxes?...If so,then maybe your the fool here....

Most "big companies" are owned by stockholders. Many of those stockholders are mutual funds which are purchased by your and my 401-k as well as other retirement plans. Over 70% of Exxon/Mobil stock is held this way. Now who are we hurting?????
 

TexasBred

Well-known member
nonothing said:
jigs said:
this nation is just chock full of ignorant fools. who builds industry? the rich. these industries need supporting businesses, the rich start those also. they need employees....that is where the mass population comes in.....

so 5% of Americans are getting the ball rolling with jobs for the rest.

tax that 5% and they slow up....it will cost jobs for the masses, and THAT will hurt us even more.

Obama is the answer....if the question is How do we ruin America.


you liberal fools spout of hate for the rich, well hate them all you want THEY are why YOU have a job.

Most of the big company are owned by owners outside the country..Also i find it odd after what you are saying,that a guy like warren buffet beeing someone who would be taxed heavily,would indorse Obama...

Ruin America ,well I will tell you this much,Nobody could of done a worse job at running america the GW Bush has done....

There is no hate for the rich but quite frankly the poor and med class cannot afford to be taxed any more..Your past 8 years of leadership have drained the country's coffers dry and the only way to pay off the debt is by taxes...

If McCain gets in,are you jigs.ready to apologies to all those that you call fools when he taxes you?....Give your head a shake,McCain already said he would vote against tax cuts under bush's watch,you think he can pay for everything including the national debt by dropping taxes?...If so,then maybe your the fool here....

NN..the ONLY money the federal gov't has is YOUR money. They never GIVE a dollar that they don't TAKE first. As Joe Biden said "If you don't remember anything else remember I told you this today". :)

And here's why he voted against Bush's tax plan:
McCain correctly noted that it didn't make sense to cut taxes in a time of war, especially in ways that benefited the wealthy to such a large degree. He voted against the Medicare prescription-drug benefit, recognizing it as a massive unfunded entitlement. His top economic adviser is the reality-based Douglas Holtz-Eakin, former head of the Congressional Budget Office, and one of the Republican economists least complicit in the intellectual chicanery behind the Bush fiscal policy.

You should actually agree with McCain since you hate Bush so much.
 

Texan

Well-known member
TSR said:
Texan said:
Oh, yeah, most of us will be better off - if you believe Obama. I'm sure poor white trash like me will probably be a LOT better off - getting some tax relief and letting the wealthy folks pay more.

I've got some rich neighbors that I guess I could just go steal from while I'm looking out for me. They've got some pretty nice stuff. That would make things better for me, while letting them 'contribute' more. Nothing wrong with spreading that wealth around, is there?

No you wouldn't wamt to do that you might be stealing from one of those ceo's of a failed corporation whose company is now getting relief via the taxpayers. Certainly wouldn't want to take anything from them would we. As a matter of fact why not cut their taxes even more maybe they could start a company on their own, I bet they feel pretty secure now whether or not it succeeds.
A lot of thieves justify their stealing by claiming that some people have more than their share.

I don't think that it's right for CEO's to steal from shareholders, employers or taxpayers. But I also don't think that it's right for the government to steal from successful people or businesses just to give it to somebody else.

Apparently, that's okay with you?
 

fff

Well-known member
Bush tax cuts mostly benefited the wealthy. There's a CBO report online somewhere that tells us almost half the Federal deficit is caused by those tax cuts! That was before his bail out, of course.

So tell me where are the jobs that were supposed to be created by cutting taxes on the wealthy? WHERE? No one addresses that little fact. Trickle down economics doesn't work. Thats the fact, the truth, and I've seen nothing that shows it does. But we've had Reagan (who left us a huge Federal deficit) and George W. Bush's policies that show us it DOES NOT WORK. Yet some of you will scream for more of the same.

Taxes are not punishment for success. They're your share of the cost of running this country. If you live in town, which part of town has the highest crime rate: high tax or low tax? Which end of town has better roads, schools? Running this country is not free and I find it disgusting that the wealthy will fight tooth and nail to not pay their share while degrading single mothers who get public assistance to keep food on the table!
 

jodywy

Well-known member
Texan said:
TSR said:
Texan said:
Oh, yeah, most of us will be better off - if you believe Obama. I'm sure poor white trash like me will probably be a LOT better off - getting some tax relief and letting the wealthy folks pay more.

I've got some rich neighbors that I guess I could just go steal from while I'm looking out for me. They've got some pretty nice stuff. That would make things better for me, while letting them 'contribute' more. Nothing wrong with spreading that wealth around, is there?

No you wouldn't wamt to do that you might be stealing from one of those ceo's of a failed corporation whose company is now getting relief via the taxpayers. Certainly wouldn't want to take anything from them would we. As a matter of fact why not cut their taxes even more maybe they could start a company on their own, I bet they feel pretty secure now whether or not it succeeds.
A lot of thieves justify their stealing by claiming that some people have more than their share.

I don't think that it's right for CEO's to steal from shareholders, employers or taxpayers. But I also don't think that it's right for the government to steal from successful people or businesses just to give it to somebody else.

Apparently, that's okay with you?

CEO,s compensation and salary packages are made by the board of directors, the board of directors are voted or approved by the membership or stock holders…. So in reality the stock holders support the board that made the payment…
 
A

Anonymous

Guest
jodywy said:
Texan said:
TSR said:
No you wouldn't wamt to do that you might be stealing from one of those ceo's of a failed corporation whose company is now getting relief via the taxpayers. Certainly wouldn't want to take anything from them would we. As a matter of fact why not cut their taxes even more maybe they could start a company on their own, I bet they feel pretty secure now whether or not it succeeds.
A lot of thieves justify their stealing by claiming that some people have more than their share.

I don't think that it's right for CEO's to steal from shareholders, employers or taxpayers. But I also don't think that it's right for the government to steal from successful people or businesses just to give it to somebody else.

Apparently, that's okay with you?

CEO,s compensation and salary packages are made by the board of directors, the board of directors are voted or approved by the membership or stock holders…. So in reality the stock holders support the board that made the payment…

Buy you some stock and see how much say you have. The companys take care of the ceo and his buddies first, then a little for the employees. Owners of the company the stock holders usually get shafted.
 
A

Anonymous

Guest
Oct 25, 12:22 PM EDT


Ordinary Joes have mixed feelings on wealth

By ADAM GELLER
AP National Writer


A substantial majority of Americans say the rich don't pay their fair share of taxes, opinion polls show. A growing number say the U.S. is becoming a nation of haves and have-nots.

The public's concerns reflect a shifting dynamic in recent years, as an increasing share of the wealth has gone to people at the top of the income scale. The top tenth of U.S. households now earn an average of 11.2 times what those in the bottom tenth make, according to the Census Bureau. That's up from a ratio of 8.7 three decades ago. The wealthiest fifth of U.S. households now take in 50 percent of all income, up from 44 percent in 1977. The differences are even more pronounced in analyses of incomes for the top 1 percent of households.

"The income gap between the rich and the rest of the U.S. population has become so wide, and is growing so fast, that it might eventually threaten the stability of democratic capitalism itself," then-Federal Reserve Chairman Alan Greenspan said in 2005.
 
A

Anonymous

Guest
Does any one remember Huey P. Long the Lousiana politicion. He had the solution to taxes. It went like this. I won't tax you and I won't tax me, I will tax that nigger behind that tree.
I hate to use the N word but that was his quote.
 

jodywy

Well-known member
hurleyjd said:
jodywy said:
Texan said:
A lot of thieves justify their stealing by claiming that some people have more than their share.

I don't think that it's right for CEO's to steal from shareholders, employers or taxpayers. But I also don't think that it's right for the government to steal from successful people or businesses just to give it to somebody else.

Apparently, that's okay with you?

CEO,s compensation and salary packages are made by the board of directors, the board of directors are voted or approved by the membership or stock holders…. So in reality the stock holders support the board that made the payment…

Buy you some stock and see how much say you have. The companys take care of the ceo and his buddies first, then a little for the employees. Owners of the company the stock holders usually get shafted.
Every company and every coop I have stock in I recive a ballot to elect board of directors.... have even served on a board
 
A

Anonymous

Guest
jodywy said:
hurleyjd said:
jodywy said:
CEO,s compensation and salary packages are made by the board of directors, the board of directors are voted or approved by the membership or stock holders…. So in reality the stock holders support the board that made the payment…

Buy you some stock and see how much say you have. The companys take care of the ceo and his buddies first, then a little for the employees. Owners of the company the stock holders usually get shafted.
Every company and every coop I have stock in I recive a ballot to elect board of directors.... have even served on a board

The largest amount of stock for the average person is in managed retirement accounts, 501 K's, or deferred comp- which is handled thru an investment firm that does the actual purchasing and selling of stocks and funds- that then do the voting...
And naturally since that investment firms' CEO makes $millions a year and golden parachutes- he wants to keep that "standard" up there (or raise it) and when he votes is not going to vote to lower any CEO's compensation :roll: ....
A Catch-22....
 
A

Anonymous

Guest
jodywy said:
hurleyjd said:
jodywy said:
CEO,s compensation and salary packages are made by the board of directors, the board of directors are voted or approved by the membership or stock holders…. So in reality the stock holders support the board that made the payment…

Buy you some stock and see how much say you have. The companys take care of the ceo and his buddies first, then a little for the employees. Owners of the company the stock holders usually get shafted.
Every company and every coop I have stock in I recive a ballot to elect board of directors.... have even served on a board

I also own stock in several companys which nowdays I wish I did not and I also get a ballot. It has the names the nominating board says you can vote for. Our Farmers co-op is the same. You can nominate from the floor but no one ever does. Our electric co-op has had the same board of directors seems like forever. Names are already on the ballot when you get there. If there are two opening then there are two nominees.
 
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