Reflection of America's Mentality

[MarkCO]

The rich already pay more, significantly more than their fair share. If the guy making $50K had to pay for his fair share of the local, state and Federal government services, he would not be able to buy a cheeseburger. Infrastructure ain't cheap. We all drive on the same roads and have the same emergency services.

The cost to fight a fire in a $200K house is more than in a $10M house that has a fire suppression system, alarm system, etc., but the guy with the $10M house is paying 30 to 40 times on the property tax.

These little facts that get lost in the rhetoric...

[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]

Not picking sides here, but what about a Roth IRA?

ROTH is post tax. So per nynco, you need to pay much more tax on the gain again despite the fact. This will shut down wallstreet and foreign investment overnight. That libtard really can make my monday.

[Gman]

I guess this place changed a bit in my absence.

[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]

Money is taxed twice all the time. So that tired mime about taxing it twice just does nothing to move me. Yes the rich pay more in taxes. So WHAT? The top 1% have more wealth than the bottom 90% combined. So them complaining that they pay more than 50% of the taxes (no where close to 90%) just proves my point. America is faltering because we have created this tax mess where the wealthy are like kings who get over.

[Gman]

America is faltering because we have created this tax mess where the wealthy are like kings who get over.

So more government tax mess is the answer. Gotcha.

[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.

[nynco]

So more government tax mess is the answer. Gotcha.

No treating all income the same is the answer, I would lower taxes on workers and raise the taxes on investors to the same level. No more punishing hard work.

[ChunkyMonkey]

Money is taxed twice all the time. So that tired mime about taxing it twice just does nothing to move me. Yes the rich pay more in taxes. So WHAT? The top 1% have more wealth than the bottom 90% combined. So them complaining that they pay more than 50% of the taxes (no where close to 90%) just proves my point. America is faltering because we have created this tax mess where the wealthy are like kings who get over.

It's the whole liberal mentality.. take take take. Why did you even bother showing up at the gun rally? Let them take your right away. If I am successful I need to be punished more than the fucking lazy bastards who drives a 5 series to pick up milk at WIC and bitching about lowered food stamps because of deflation? Fuck no.

I am helping a 'poor' single mom right now - obviously I cannot disclose too much details, but she came to me to ask to defer her foreclosure because she cannot afford her $2400/month mortgage payment. Meanwhile, her gross income also shows $500 in food stamps. She gets EIC and tax credit upto $15000 a year due to the number of children. The husband/live in boyfriend will not work because they are afraid to lose their welfare craps. Both of them never paid taxes in their life... they will always show net gain even after property tax, sales tax and so on. Do I feel sorry for these kind of guys that you tard champion equal treatment for? Fuck no!