Reflection of America's Mentality

[nynco]

basically taxes are rising because over 50% of income is now classified as dividends income. So the pie of what can be taxed is shrinking. So taxes have to go up. We could cut everyones taxes (except the dividend earners) by ending that artificial gov creation. Income is income. I don't want to subsidize bankers and make a Dr or you pay more to subsidize wallstreet parasites.

[HoneyBadger]

basically taxes are rising because over 50% of income is now classified as dividends income. So the pie of what can be taxed is shrinking. So taxes have to go up. We could cut everyones taxes. Income is income. I don't want to subsidize ANYONE

I *might* agree with you for the first time ever.

[nynco]

I don't think any form of income should be taxed any different. We are currently making middle class people pay a higher taxrate than hedge fund managers. This inturn cause countless other problems in our economy and gov. It incentivizes gambling and not investing in sound businesses.

What I would do is make losses deductible from income to cover your "risk" and then make losses in the dollar over time to inflation deductible over the time of the initial investment. The last one is key because it would stop all the manipulations of the CPI (consumer price index or rate of inflation). Currently the CPI has been manipulated by the bankers and the gov they own to never show the true rate of inflation anymore. This makes it easier for them to never give you a raise (because most people don't get it) and to allow the gov to never keep SSI payments at the true cost of living change. If the CPI effect wallstreet like mainstreet, then we would get the truth. If we use the metrics used in the 1960s to measure inflation, inflation would be shown to be in the double digits for over 2 decades. Not the fantasy they sell us.

[ChunkyMonkey]

I don't think any form of income should be taxed any different. We are currently making middle class people pay a higher taxrate than hedge fund managers. This inturn cause countless other problems in our economy and gov. It incentivizes gambling and not investing in sound businesses.

What I would do is make losses deductible from income to cover your "risk" and then make losses in the dollar over time to inflation deductible over the time of the initial investment. The last one is key because it would stop all the manipulations of the CPI (consumer price index or rate of inflation). Currently the CPI has been manipulated by the bankers and the gov they own to never show the true rate of inflation anymore. This makes it easier for them to never give you a raise (because most people don't get it) and to allow the gov to never keep SSI payments at the true cost of living change. If the CPI effect wallstreet like mainstreet, then we would get the truth. If we use the metrics used in the 1960s to measure inflation, inflation would be shown to be in the double digits for over 2 decades. Not the fantasy they sell us.

Then push for flat tax. Oh wait.. that aint fair per the left. The system is originally designed to encourage growth - however corrupted, it is still doing what it's designed to do. Anything extreme is bad.. extreme growth typically = corruption.. Nevertheless, what you are purposing sounds like 'the great leap forward,' fair taxation and workers' rights. We know how that turned out.

[nynco]

Then push for flat tax. Oh wait.. that aint fair per the left. The system is originally designed to encourage growth - however corrupted, it is still doing what it's designed to do. Anything extreme is bad.. extreme growth typically = corruption.. Nevertheless, what you are purposing sounds like 'the great leap forward,' fair taxation and workers' rights. We know how that turned out.

Our system is NOT designed to encourage growth, it is designed to encourage short term gain over long term viability and health. Please tell me why in the heck we give taxbreaks to companies that ship production overseas? IS that designed to do this nation long term good? Please tell me why a banker should get a lower taxrate than a small business owner? All it does is reward gambling. Gambling that nearly destroyed our economy. We need to raises taxes on dividends to the same level as everyone else. Then investors would invest for the long term instead of going for the quick dollar regardless of long term health of the nation. Eating your legs may make you less hungry but tomorrow you may need to run.

[ChunkyMonkey]

Our system is NOT designed to encourage growth, it is designed to encourage short term gain over long term viability and health. Please tell me why in the heck we give taxbreaks to companies that ship production overseas? IS that designed to do this nation long term good? Please tell me why a banker should get a lower taxrate than a small business owner? All it does is reward gambling. Gambling that nearly destroyed our economy. We need to raises taxes on dividends to the same level as everyone else. Then investors would invest for the long term instead of going for the quick dollar regardless of long term health of the nation. Eating your legs may make you less hungry but tomorrow you may need to run.

I am both a small business owner and licensed banker. You have no clue what you are talking about. When you can get out of your comfort zone and invent/start a small business then beg for strangers' money to get your dream off the ground, then maybe you understand the kind of risk you are talking about. Stop changing the subject too. You are all over the place. Gambling = taking risk..and like you said.. even crossing the street is a risk. Your hypocrite is emerging.

[nynco]

I am both a small business owner and licensed banker. You have no clue what you are talking about. When you can get out of your comfort zone and invent/start a small business then beg for strangers' money to get your dream off the ground, then maybe you understand the kind of risk you are talking about. Stop changing the subject too. You are all over the place. Gambling = taking risk..and like you said.. even crossing the street is a risk. Your hypocrite is emerging.

How in the heck are you laughably calling me a hypocrite when I am calling for the same taxrate for all forms of income. Talk about projection. Look in the mirror.

[HoneyBadger]

Our system is NOT designed to encourage growth, it is designed to encourage short term gain over long term viability and health. Eating your legs may make you less hungry but tomorrow you may need to run.

I might be mistaken here, but did you just define the welfare system?

[nynco]

I might be mistaken here, but did you just define the welfare system?

Corporate welfare is 4 times larger than all the other forms of welfare combined.