motherjones.com— "[Earners of over $1 million/year,] who constitute less than a quarter of 1 percent of all taxpayers, reaped almost 47 percent of the total income gains in 2005."
Aug 22, 2007View in Crawl 4
"When you're spending every single dime in order to live, an extra tax on that spending hurts you more than someone who has plenty of extra money."You're being disingenuous. Poor people -- who are actually poor, not who merely aren't millionaires -- spend 85+% of their income on rent and food. If those things aren't taxed then they're paying taxes on less than 15% of their income. It's pretty hard to get much lower than that sort of not paying taxes at all. By contrast, the super rich spend big money on private jets and fancy cars that are taxed. They also invest a lot of it, which goes to companies who use it to buy things they pay sales tax on, which comes out of the rich guy's return. Eventually the rich people will want to spend that money and will sell the investment and buy something else, which they'll likely pay sales taxes on again. Explain to me how that hurts poor people more than taxes on wages and especially social security tax.
I don't think we should target the rich or the poor. We should target those who use coercion to get ahead. Whether it is corporations like Halliburton or the big banks that use the income tax and inflation tax as their source of revenue, or people on welfare who live off of others' labor, they both use coercion. As it is, the rich are far better than the poor at using coercion to get ahead, and thus you see a growing gap between rich and poor, but all forms of coercion should be opposed regardless of who is applying it.
Revenues???? See what you get when you post nonsense blog entries created by someone who clearly does not understand the simplest of economic terms. Anybody that agrees with this nonsense just proves they too do not understand economics. I certainly hope people like this do not vote - but I bet this person is not old enough to vote and lives in their mom's basement. Understand the terms you are using before you step up on your soapbox.
Not misleading - I see - it is wrong but not misleading. With logic like that - let me guess - you are a democrat. Who care it is factually wrong if it supports your preferred spin - whatever
scott2007Aug 23, 2007
Poor people are such whiny bitches.
jacksonblackAug 23, 2007
"When you're spending every single dime in order to live, an extra tax on that spending hurts you more than someone who has plenty of extra money."You're being disingenuous. Poor people -- who are actually poor, not who merely aren't millionaires -- spend 85+% of their income on rent and food. If those things aren't taxed then they're paying taxes on less than 15% of their income. It's pretty hard to get much lower than that sort of not paying taxes at all. By contrast, the super rich spend big money on private jets and fancy cars that are taxed. They also invest a lot of it, which goes to companies who use it to buy things they pay sales tax on, which comes out of the rich guy's return. Eventually the rich people will want to spend that money and will sell the investment and buy something else, which they'll likely pay sales taxes on again. Explain to me how that hurts poor people more than taxes on wages and especially social security tax.
thecoolestguyAug 24, 2007
I don't think we should target the rich or the poor. We should target those who use coercion to get ahead. Whether it is corporations like Halliburton or the big banks that use the income tax and inflation tax as their source of revenue, or people on welfare who live off of others' labor, they both use coercion. As it is, the rich are far better than the poor at using coercion to get ahead, and thus you see a growing gap between rich and poor, but all forms of coercion should be opposed regardless of who is applying it.
lastvisibledogAug 28, 2007
Revenues???? See what you get when you post nonsense blog entries created by someone who clearly does not understand the simplest of economic terms. Anybody that agrees with this nonsense just proves they too do not understand economics. I certainly hope people like this do not vote - but I bet this person is not old enough to vote and lives in their mom's basement. Understand the terms you are using before you step up on your soapbox.
lastvisibledogAug 28, 2007
Not misleading - I see - it is wrong but not misleading. With logic like that - let me guess - you are a democrat. Who care it is factually wrong if it supports your preferred spin - whatever
lastvisibledogAug 28, 2007
ignorance, envy, and the misuse of terms is disgusting