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Offlinestarfire_xes
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Raising Taxes on the Rich--I TOLD YOU SO! * 1
    #21842947 - 06/22/15 07:24 PM (8 years, 7 months ago)

France scuttled its 75% millionaire tax in January, because unemployment surged as investment came to a crawl.

Well it seems that no one wants to invest in a country that taxes the shit out people who make money.  The tax was so bad even the Liberal Left turned against it.

DUH---BUT LETS MAKE THE RICH PAY MORE!!!  It doesn't work--just proved between 2012 and this Year in the People's Democratic Socialist Republic of France.


IN YOUR FACE LEFTIES~~!!!!!  :lolsy::highfive:

http://news.yahoo.com/france-drops-super-tax-millionaires-072915575--finance.html

A sample of one of the early protests against the tax:

http://techpresident.com/news/23052/frances-first-social-media-campaign-forces-government-roll-back-proposed-tax-increases


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OfflineFalcon91Wolvrn03
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: starfire_xes]
    #21843948 - 06/22/15 11:01 PM (8 years, 7 months ago)

Quote:

starfire_xes said:
France scuttled its 75% millionaire tax in January, because unemployment surged as investment came to a crawl.



That's not why they got rid of it.  They got rid of it because 75% is a bit extreme.  Unemployment surged because of austerity measures which I've already shown in a prior post have failed.

Quote:

starfire_xes said:
Well it seems that no one wants to invest in a country that taxes the shit out people who make money.  The tax was so bad even the Liberal Left turned against it.



Why would investors care how much rich people pay in taxes?  It doesn't impact the company's bottom line one penny.


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I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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Offlinestarfire_xes
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: Falcon91Wolvrn03]
    #21847301 - 06/23/15 07:22 PM (8 years, 7 months ago)

Quote:

Falcon91Wolvrn03 said:
Quote:

starfire_xes said:
France scuttled its 75% millionaire tax in January, because unemployment surged as investment came to a crawl.



That's not why they got rid of it.  They got rid of it because 75% is a bit extreme.  Unemployment surged because of austerity measures which I've already shown in a prior post have failed.

Quote:

starfire_xes said:
Well it seems that no one wants to invest in a country that taxes the shit out people who make money.  The tax was so bad even the Liberal Left turned against it.



Why would investors care how much rich people pay in taxes?  It doesn't impact the company's bottom line one penny.





Oh, 75% is 'extreme'  OK.  How much is 'not extreme' how much can you tax the rich before they take their money and run? 

Oh by the way, "The top marginal tax rate used to be 90% and the economy was much better" 

Hmmmmm.....where have I heard that before?  :highfive:


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OfflineFalcon91Wolvrn03
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: starfire_xes]
    #21847597 - 06/23/15 08:20 PM (8 years, 7 months ago)

Quote:

starfire_xes said:
Oh by the way, "The top marginal tax rate used to be 90% and the economy was much better" 

Hmmmmm.....where have I heard that before?  :highfive:



You do make a great point.

I think 50% is reasonable.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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Offlinestarfire_xes
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: Falcon91Wolvrn03]
    #21847705 - 06/23/15 08:40 PM (8 years, 7 months ago)

Including state taxes and other taxes I pay about 50% of my income in taxes.


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OfflineFalcon91Wolvrn03
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: starfire_xes]
    #21847756 - 06/23/15 08:52 PM (8 years, 7 months ago)

I meant Federal income taxes.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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Offlinestarfire_xes
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: Falcon91Wolvrn03]
    #21847768 - 06/23/15 08:57 PM (8 years, 7 months ago)

so the 'rich' might lose 75% of their income.  The top 1% aleady pay something like 35% of all income taxes, the top 50% pay 94%.  How is raising their taxes anymore fair?


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OfflineFalcon91Wolvrn03
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: starfire_xes]
    #21847823 - 06/23/15 09:08 PM (8 years, 7 months ago)

Quote:

starfire_xes said:
so the 'rich' might lose 75% of their income.  The top 1% aleady pay something like 35% of all income taxes, the top 50% pay 94%.  How is raising their taxes anymore fair?



Who cares what percentage they pay?  They earn a larger percent so they should pay a larger percent.  Do you think the bottom 50% should pay 50% of the taxes?  :picard:


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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Offlinestarfire_xes
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: Falcon91Wolvrn03]
    #21848393 - 06/23/15 11:22 PM (8 years, 7 months ago)

No I don't.  And I don't think anyone should pay more than they have to.  I think THE FUCKING GOVERNMENT NEEDS TO CUT THE GODDAMN SPENDING ON EVERYTHING.


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OfflineBigbadwooof
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: starfire_xes]
    #21848857 - 06/24/15 03:05 AM (8 years, 7 months ago)

Quote:

starfire_xes said:
France scuttled its 75% millionaire tax in January, because unemployment surged as investment came to a crawl.

Well it seems that no one wants to invest in a country that taxes the shit out people who make money.  The tax was so bad even the Liberal Left turned against it.

DUH---BUT LETS MAKE THE RICH PAY MORE!!!  It doesn't work--just proved between 2012 and this Year in the People's Democratic Socialist Republic of France.


IN YOUR FACE LEFTIES~~!!!!!  :lolsy::highfive:

http://news.yahoo.com/france-drops-super-tax-millionaires-072915575--finance.html

A sample of one of the early protests against the tax:

http://techpresident.com/news/23052/frances-first-social-media-campaign-forces-government-roll-back-proposed-tax-increases





... And its all just as simple as that!

HAH! ... you people, I swear! >.<


--------------------
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InvisibleCitizen X
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: Bigbadwooof]
    #21848918 - 06/24/15 03:59 AM (8 years, 7 months ago)

999


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InvisibleLe_Canard
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: starfire_xes]
    #21848954 - 06/24/15 04:45 AM (8 years, 7 months ago)

You've heard it before because it's true. Taxes on the top were that high during the 50's and early 60's.


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OfflineBigbadwooof
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: Le_Canard]
    #21849056 - 06/24/15 05:50 AM (8 years, 7 months ago)

They were higher. I can't believe we still have so many Reaganomics drones running around these days! I guess the massive tax breaks for the wealthy, subsidization of their unique gambling habbits, and tax loopholes should keep the wealthy here in America. No business leaving the good old USA!

I thank other peoples gods every morning for the opportunity to contribute my labor, tax dollars, and future earnings to the wealthy benefactors who so benevolently grace this great land. I mean, that generous top 10% income earners only take 90% of the income (bailout subsidies not included), and look what we get in return!


--------------------
"It is no measure of good health to be well adjusted to a profoundly sick society," - Jiddu Krishnamurti
FARTS
"There is no need for conspiracy where interests converge" - George Carlin
Every one of you should see this video.
"If you bombard the earth with photons for a while, it can emit a roadster" - Andrej Kerpathy


Edited by Bigbadwooof (06/24/15 05:55 AM)


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Invisibleluvdemshrooms
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: Falcon91Wolvrn03]
    #21849249 - 06/24/15 07:33 AM (8 years, 7 months ago)

Quote:

Falcon91Wolvrn03 said:
Do you think the bottom 50% should pay 50% of the taxes?




Nope, but they should have a net tax payment at year end. Perhaps 10%.

In no case should a healthy worker pay 0% or worse... receive more back than they paid in.


--------------------
You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for that my dear friend is the beginning of the end of any nation. You cannot multiply wealth by dividing it. ~ Adrian Rogers


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Invisibleluvdemshrooms
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: starfire_xes]
    #21849252 - 06/24/15 07:34 AM (8 years, 7 months ago)

Quote:

starfire_xes said:
No I don't.  And I don't think anyone should pay more than they have to.  I think THE FUCKING GOVERNMENT NEEDS TO CUT THE GODDAMN SPENDING ON EVERYTHING.




They certainly have a spending problem.


--------------------
You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for that my dear friend is the beginning of the end of any nation. You cannot multiply wealth by dividing it. ~ Adrian Rogers


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InvisibleStonehenge
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: luvdemshrooms]
    #21849333 - 06/24/15 08:16 AM (8 years, 7 months ago)

If the fed tax goes up to 50% then the rich are paying that plus state tax and all the other taxes. That isn't quite as confiscatory as the French tax, but still too high. I think the max rate now is 40%, that seems high enough.

lds
>they should have a net tax payment at year end. Perhaps 10%

Depends, if someone is struggling on min wage, falling behind and so on, they should not have to pay any tax. I'd rather see them working than sitting on their butt collecting welfare.

Corporate taxes need to come down, as it is, the top corporations dodge it easily by setting up in other countries. That's a lot of tax loot we don't get. Walmart, apple, google, among others do this.


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OfflineThe Ecstatic
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: Stonehenge]
    #21850213 - 06/24/15 12:21 PM (8 years, 7 months ago)

Who in America is proposing DOUBLING the rate for the top income tax bracket?

Nobody.


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InvisibleShins
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: The Ecstatic]
    #21850459 - 06/24/15 01:19 PM (8 years, 7 months ago)

So what is the magic number? 

Hint;  you nor anyone could possibly know.  You are meddling with things beyond your comprehension.


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OfflineFalcon91Wolvrn03
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: luvdemshrooms]
    #21850894 - 06/24/15 02:59 PM (8 years, 7 months ago)

Quote:

luvdemshrooms said:
In no case should a healthy worker pay 0% or worse... receive more back than they paid in.



EXACTLY!  That's why the minimum wage needs to go up, so this doesn't happen.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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OfflineFalcon91Wolvrn03
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Re: Raising Taxes on the Rich--I TOLD YOU SO! [Re: Shins]
    #21850896 - 06/24/15 02:59 PM (8 years, 7 months ago)

Quote:

Shins said:
So what is the magic number? 

Hint;  you nor anyone could possibly know.  You are meddling with things beyond your comprehension.



How about a number that we already have proof works, like the tax rates before before Reagan?


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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