For the socialist on this board who want to tax the rich

[lostinblue 1,989]

http://www.silverbearcafe.com/private/09.10/taxtherich.html

Tax The Rich?

Don Scott

Before we go any further, taxation at any level, is theft. Theft being accurately defined as having something taken from you without your permission. Did any of you vote to have your wealth taken in the form of taxes? The rich are already taxed to the hilt. The top 2% of the rich pay close to half of all taxes collected. I won't attempt to define 'rich,' as it defies description. When I was a kid, if I had a quarter in my pocket, I considered myself rich, because that would buy me five Cokes, three rides on the streetcar, or five games on a pinball machine. A quarter today, will buy virtually nothing. Being a 'millionaire,' used to mean something really breathtaking, but today, the government spends a million bucks a second, and a million bucks, just isn't that impressive any longer. Let's consider the really rich people. The ones with hundreds of millions in surplus dollars, and who have no debts. There are such people.

The richest people, are generally the smartest people, and are those who generally work for themselves. I have long had the opinion, that working for someone else will never make you rich, except in rare occasions. So, the super rich have huge mansions, take glamorous trips to ski slopes, travel around the world, have servants, and such tings. They usually have businesses too, which made them rich. Those businesses have employees. Both the employees and employer pay taxes.

The smart super rich usually get bored, and want a new challenge. Smart people are not couch potatoes. Their minds are always busy, thinking of new projects, inventions, businesses, or things to do with their assets. Virtually all of America's inventions, which are most of the world's inventions it seems, came from smart people, who probably got rich from them. People who start businesses which work, (85% of businesses fail in the first year), may get rich too. Smart people will not let their money sit in a bank! They want to let their money build a new restaurant, improve the invention, or do something which challenges their mind. Rich, smart people, never allow their money to sit idle. They may start a foundation which helps others, subsidizes the arts, or education, but rich people's dollars never sit idle. They are always used for something, and no matter what they are used for, they generate JOBS! Any money spent by anyone at any level, creates JOBS, and obviously, the rich spend more than the poor, so they create more JOBS.

Those mansions, yachts, and private railroad cars, took lots of labor and artisans to build, and maintain, which are JOBS. Those foundations, the patent office, advertising media, restaurant suppliers, builders, foundation administrators, or dog groomers, are JOBS. Everything a rich person may do with their money, creates JOBS of some kind. I went to school with Bill Marriott at Sidwell Friends in Washington D.C. The Marriotts started out with an A & W Root Beer stand at 14th and Park Road In Washington D.C., and Willard Marriott was a smart man. The root beer stand worked, and he developed a chain of Hot Shoppes restaurants. I remember when the first Marriott Motor Inn was built on the Virginia side of Key Bridge in Washington D.C. Smart people do NOT sit and do nothing. They build their empires and create JOBS. Marriott is one small spoke in a huge wheel. Think of the other brand names in America, which reflect their founder's names. In autos alone, Ford, Dodge, Buick, Chrysler, Porsche, and Mercedes, are names of founders. Hellman's Mayonnaise, Otis Elevators, Fox films, Breyers Ice Cream, John Deere tractors, Wrigley's chewing gum, Steinway Pianos, Firestone, Goodyear, and Goodrich Tires, Boeing and Sikorsky planes and helicopters, Carnegie Hall, Lionel electric trains, and it can go on and on. All got rich, and all created JOBS. I live in "The Townsend House." T.B. Townsend, who built my house in 1887, bought mines in Silverton, Ouray, and Telluride, plus started a bank, and provided JOBS. During those halcyon days of Americans creating great wealth and huge numbers of jobs, taxes were virtually zero, thus allowing profits to be invested in additional job creating industries, most of which have left America, due to confiscatory taxation. During those days, millions of substantial brick homes, and hundreds of neighborhoods were created.

Now the Demos and Obama want to raise taxes on the job creating, thinking, industrious, rich? How STUPID! This is known as eating your seed corn, or biting the hand that feeds you. (I've decided to make my columns shorter and more succinct.)

P.S. The boobs in D.C. say the 'recession' was over 15 months ago, which is a typical D.C. lie to cover up the truth. Tell that the 15 million looking for jobs, or the hundreds of thousands who will lose their homes this year.

www.coloradogold.com

[MJ&RJ 7]

Like i tell most give it a rest as you don't know what socialism is anyway. Becuase if you did you would know half the U.S. programs are socialized anyway.

[Trumplestiltskin 5,791]

Tax is theft. Brilliant. Yeah. Great.

Garbage.

The rest of the article isn't much better either. Just another poorly argued op-ed from a false premise.

[one...two...tree 2,762]

My guess is that the OP doesn't know the difference between regressive and progressive tax. Progressive tax policies have existed for 70 years and have been advocated by Democrats and Republicans, including the Reagan Administration. In fact, there are no governments that exist, which have ever implemented a flat tax policy. Why? Because most economists (including ones that have worked in Republican administrations) know that a flat tax is regressive and would lead to a greater concentration of wealth into the hands of few. Wealth is not created in a vacuum. Those who are wealthy, are directly benefiting from socio-economic factors, including a large enough population with enough capital of their own to keep a robust economy going.

The OP should go look at which countries have the highest concentrations of wealth into the hands of few and see if any of them look attractive enough for them to live. May I suggest looking at the Philippines. If you have money to begin with, you might like a place like that, but if you are starting from scratch with just the sheer will to climb your way up the economic ladder there, good luck.

Edited October 3, 2010 by El Buscador

[Trumplestiltskin 5,791]

It's just the usual stale, half-assed rhetoric you hear from part-time amateur libertarians. Its claptrap.

[sly_wolf 199]

I feel so sorry for all those poor rich people

[ready4ONE 5,400]

I feel so sorry for all those poor rich people

Don't feel sorry for them they are really really really smart and industrious....

[one...two...tree 2,762]

Don't feel sorry for them they are really really really smart and industrious....

...and they create wealth through their own hard manual labor.

[Danno 1,228]

3 wolves and a chicken voting on "whats for dinner".

[Obama 2012 1,714]

Tax is theft. Brilliant. Yeah. Great.

Garbage.

The rest of the article isn't much better either. Just another poorly argued op-ed from a false premise.

Tax is 'legal' theft when you really get down to it.

It's money that taken from you against your will/at gunpoint.

Need proof? Look at the people in prison for 'tax evasion.'

[Trumplestiltskin 5,791]

that's about as profound as saying that every crime is a form of theft. It's not exactly profound or enlightening. Nor does it mean anything in real terms

[Obama 2012 1,714]

that's about as profound as saying that every crime is a form of theft. It's not exactly profound or enlightening. Nor does it mean anything in real terms

taking money from one person against their will and using it for other purposes is theft. Be it keeping it for yourself or giving it to another person.

When you or I do it, we go to jail for theft. When the government does it, it's considered to be legal and called taxation.

[Trumplestiltskin 5,791]

It's not theft Paul.

Would you rather not have any infrastructure or services?

[Obama 2012 1,714]

It's not theft Paul.

Would you rather not have any infrastructure or services?

so what if I rob a bank and promise to build roads with the money?

[sly_wolf 199]

so what if I rob a bank and promise to build roads with the money?

As long as you rob a rich bank that's ok in my books Where is Robin the Hood when u need him?