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

[Ban Hammer 13,508]

I have to agree.

musta been painful.

[luckytxn 2,265]

Interesting point, particularly when considering the thread about poverty the other week, as it doesn't seem to be working too well in Texas.

I'd rather a majority of Americans have the freedom and choice to be able to spend money themselves than rely on the few who are wealthy, to spend for us. Surely you of all people, who dislikes relying on others and hates socialism so much, would advocate for we the people having the freedom to choose; rather than the few making this choice for us. Ring a bell?

I would rather to have someone employ me at a good wage and give me good benefits that I have earned by my hard work. I would hate for the Feds to step in and tax this man into giving up and thus having to try and find another employer than the one that did me so good. Of course if the government then decided to tax this man till he quit and then many of us have lost our jobs due to their actions then the government loses to as that former reliable tax base is now gone. The local economy is now taking a hit.

This man had nothing when he started and with what he had he took a big chance and put up his own money and hard work and became successful. He had a good business model and eventually built up one of the largest businesses of its kind in this country. All along the way just one misstep he could have lost everything but by working many long grueling hours and hiring the best he could he managed to keep the business growing to where he now employs many people and gives us a very good benefit package. He makes sure the management has an open door policy and listens to our concerns and many times employs our ideas into his business. He is also a big asset to his local community.

Now he is being made out to be an exploiter by the Socialists viewpoint. He is already among the rich that pay most of the tax already in this country. He has to now come up with even more in taxes and non funded mandates. This hurts us employees by taking way what money could have been given to us as an incentive. This also hurts the local economy as now money is going to be siphoned away to the Feds to spend elsewhere. This also is taking away money he could be giving to charities as he is a very generous man to many charities.

This man took a huge risk and it took many years to where he could finally start to spend some of his rewards for his gamble he took. Thank God this man decided to gamble too as I am very happy working for this business. As it stands we are going to have a big health insurance hit next year and thankfully he is going to absorb most of it but I am now going to take a hit too. I was mad until I saw the hit the company was going to take and am happy that he has decided to do this. I am happy also that he is still going to fund our bonuses and the talk of him even increasing the bonuses is still on the table for now.

Also if anyone will go google and see why Texas in that mentioned article is that way then feel free. Texas still outperforms Aussie land and we are just a state and not a country and continent. It made a poor list for a certain reason and if any can answer why then say it and they get a pat on the back. Our state taxes go to spend a lot to combat the reason also and even our wealth going to this certain reason it still drags down our whole state average.

[spookyturtle 9,466]

musta been painful.

It was. I had to fight my fingers to get them to type that.

[Heracles 417]

I would rather to have someone employ me at a good wage and give me good benefits that I have earned by my hard work. I would hate for the Feds to step in and tax this man into giving up and thus having to try and find another employer than the one that did me so good. Of course if the government then decided to tax this man till he quit and then many of us have lost our jobs due to their actions then the government loses to as that former reliable tax base is now gone. The local economy is now taking a hit.

The government didn't kill the economy, greed and unrestricted capitalism did. When you have weak rules or no rules, someone will exploit the situation.

This man had nothing when he started and with what he had he took a big chance and put up his own money and hard work and became successful. He had a good business model and eventually built up one of the largest businesses of its kind in this country. All along the way just one misstep he could have lost everything but by working many long grueling hours and hiring the best he could he managed to keep the business growing to where he now employs many people and gives us a very good benefit package. He makes sure the management has an open door policy and listens to our concerns and many times employs our ideas into his business. He is also a big asset to his local community.

Now he is being made out to be an exploiter by the Socialists viewpoint. He is already among the rich that pay most of the tax already in this country. He has to now come up with even more in taxes and non funded mandates. This hurts us employees by taking way what money could have been given to us as an incentive. This also hurts the local economy as now money is going to be siphoned away to the Feds to spend elsewhere. This also is taking away money he could be giving to charities as he is a very generous man to many charities.

This man took a huge risk and it took many years to where he could finally start to spend some of his rewards for his gamble he took. Thank God this man decided to gamble too as I am very happy working for this business. As it stands we are going to have a big health insurance hit next year and thankfully he is going to absorb most of it but I am now going to take a hit too. I was mad until I saw the hit the company was going to take and am happy that he has decided to do this. I am happy also that he is still going to fund our bonuses and the talk of him even increasing the bonuses is still on the table for now.

So because he took risk and is now rewarded for it, he should not be taxed and Americans don't deserve a fair pay.

Nevertheless, you're also using one example, what about the rest in the country? People who have made hundreds of millions and skirted paying tax or doing anything for their country? What about those like the Enron mob? Many walked away with big bucks, while thousands of Americans lost everything. They never gambled and just worked hard, yet got screwed over. Evidently you deem it okay to #### Americans over, just as long as the wealthy don't pay taxes.

Guys like yourself, turn a blind eye to the thousand of cases of corruption within America and its history but focus on idiotic cliches like socialist. It's why the crooked get away with it, as there is always a luckyTXN to drink the cool-aid and believe socialist are the enemy, rather than these crooks.

Also if anyone will go google and see why Texas in that mentioned article is that way then feel free. Texas still outperforms Aussie land and we are just a state and not a country and continent. It made a poor list for a certain reason and if any can answer why then say it and they get a pat on the back. Our state taxes go to spend a lot to combat the reason also and even our wealth going to this certain reason it still drags down our whole state average.

The average Texan barely has a pot to piss in, so don't even go there. With the dollar nearly at parity, it would take the sale of two Texan homes to pay for the freakin deposit on a average house in Melb. Your state has made the rich richer and kept the rest poor and silly. Keeping people ignorant is clearly a sound strategy by the wealthy there.

Edited October 5, 2010 by Heracles

[ready4ONE 5,400]

No personal or corporate income taxes? I'll name three.

Nevada, Texas, Wyoming.

No personal income tax?

Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming.

Do you really not understand the difference between a state and a country?

[fozzie 41]

Surely the rich are usually only rich because the rest of us make them that way. We buy their products and services. If taxing their higher level income at a higher rate means more money for the rest of society then they will probably get richer not poorer. Its not the rich that need protecting, its not the rich that make the economy succeed. Its the middle class americans that usually get screwed by the government.

[mawilson 2,133]

Do you really not understand the difference between a state and a country?

Nope, I'm that stupid.

[luckytxn 2,265]

I had to reread what I wrote as I was sure that I never said that they do not deserve to be taxed at all. Still don't see it.

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

Surely the rich are usually only rich because the rest of us make them that way. We buy their products and services. If taxing their higher level income at a higher rate means more money for the rest of society then they will probably get richer not poorer. Its not the rich that need protecting, its not the rich that make the economy succeed. Its the middle class americans that usually get screwed by the government.

Yep. What's in the news right now? Corporations are sitting on piles of money, saying they are hesitant to expand until consumers start spending more. Consumer spending....hmmm. That sure doesn't sound like the rich creating job myth the Republicans like to keep saying.

[Heracles 417]

Yep. What's in the news right now? Corporations are sitting on piles of money, saying they are hesitant to expand until consumers start spending more. Consumer spending....hmmm. That sure doesn't sound like the rich creating job myth the Republicans like to keep saying.

Warren Buffet himself, the third wealthiest man in the entire world, said the other day there should be tax cuts for all but the wealthy.

Tax cuts for the wealthy inducing spending is not a myth, it's a lie. The wealthy already have money to spend and can purchase whatever they want. It's the dying American middle class that need to be able to spend, to stimulate the US economy. Countries with the highest Q.O.L and a high GDP per capita, all have a thriving middle class, with few mega-wealthy or poor.

Even middle class spending is complicated, if they don't spend on services that benefit their community or America, the spending is pointless. Poor people spending it up in Walmart, purchasing foreign made goods, does little for the US economy. Looking at the number of customers at any Walmart versus the competition, illustrates that the American consumer just doesn't get it.

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

Warren Buffet himself, the third wealthiest man in the entire world, said the other day there should be tax cuts for all but the wealthy.

Tax cuts for the wealthy inducing spending is not a myth, it's a lie. The wealthy already have money to spend and can purchase whatever they want. It's the dying American middle class that need to be able to spend, to stimulate the US economy. Countries with the highest Q.O.L and a high GDP per capita, all have a thriving middle class, with few mega-wealthy or poor.

Even middle class spending is complicated, if they don't spend on services that benefit their community or America, the spending is pointless. Poor people spending it up in Walmart, purchasing foreign made goods, does little for the US economy. Looking at the number of customers at any Walmart versus the competition, illustrates that the American consumer just doesn't get it.

Yep. Listen to this....

businesses are reluctant to add jobs or make big investments. "Companies remain nervous about the economy, their costs, and their products -- not an environment that encourages spending and commitment," said Howard Silverblatt, a senior index analyst with S&P.

[...]

Businesses also are rightly worried about consumers keeping their wallets closed. People are saving more and paying off debt, and while that sounds like a virtuous thing, it could also choke off economic growth. Retail sales, which had shown signs of life earlier in the year, have fallen in the past two months.

"Consumers are clearly worried about the lack job growth and even more about the lack of income growth," said Ken Goldstein, economist with the Conference Board, the business research group."

http://money.cnn.com/2010/07/27/news/economy/fear_economy/index.htm

[mawilson 2,133]

Yep. What's in the news right now? Corporations are sitting on piles of money, saying they are hesitant to expand until consumers start spending more.

That's not what they are saying.

[mawilson 2,133]

Even middle class spending is complicated, if they don't spend on services that benefit their community or America, the spending is pointless. Poor people spending it up in Walmart, purchasing foreign made goods, does little for the US economy. Looking at the number of customers at any Walmart versus the competition, illustrates that the American consumer just doesn't get it.

I agree, but Americans don't buy American-made goods because they are more expensive than Chinese #######.

I have no idea how you'd fix that, short of a full blown trade war with China.

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

I agree, but Americans don't buy American-made goods because they are more expensive than Chinese #######.

I have no idea how you'd fix that, short of a full blown trade war with China.

Tariffs.

[Obama 2012 1,714]

Tariffs.

tariffs alone won't fix the problem.

Getting rid of unions on top of that and getting rid of the minimum wage as well.

Unfortunately otherwise, American made = unaffordable to the average family.