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Originally Posted by Guest
This article is another example of fear mongering.
The article speaks to rich people paying their fair share of taxes. What does that mean? The term "fair share"in itself is intentionally misleading. To suggest that one is not paying his fair share means they should pay more. So what does that say about those who do not pay into the tax system? Do you really believe that all of those non payers are penniless, homeless, etc or simply deadbeats? so if the rich are not paying their fair share, and the evidence suggest they are the prime contributors to our tax system, what then do you say about those dead beats?
And , are more taxes warranted? Ask yourself what really should be the goal of our tax system?
In a household its not only the income you earn that determines your financial stability but how wisely you use the income earned.
So the first order of business is that government show some monetary responsibility in the use of our tax dollars.
Far too many legal loopholes exist in our present system, and there is not an American or American corporation among us who hasn't made use of a tax credit, deduction etc. And this in itself flies in the face of those claims for others to their fair share of taxes. Because the truth is no one wants to pay taxes to the government but we all do under the threat of penalty.
The objective of a tax system should be efficient and sufficient. A better and simpler tax system can be had. However it won't because politicians do not have the stamina and will to accomplish such a task nor to deal effectively and intelligently with either our social security or medicare/medicaid systems .
Tax the rich more is a ploy by the political left to escape notice and to continue to divide this nation. So its serves no useful purpose. Politicians goals are to have a direct link to your wallets and what they view as free money. When it comes to politicians my belief is its government v. we the people
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I think they're minorities taking advantage of the system. Many collect welfare and work under the table...they do quite well. Or they sit home and party all day.
Income taxes pay the interest on the debt...that's about it...not much left after that.
That's hard to do when their JOB is to get and hand out money.
Gotta give tribute... What kills me, our leaders live like kings, like royalty.
They MAKE rules to benefit their benefactors...THAT is WHY we don't get tax reform...all those "loopholes" were placed there.
There are TOO MANY "poor" and THAT is the problem that needs to be dealt with. 50 million on food stamps alone. "In fiscal year 2015, the federal government spent about $75 billion on SNAP. About 93 percent went directly to benefits that households used to purchase food.Mar 24, 2016"
The "rich" could afford to pay more taxes...Bill Gates, Buffett, you don't think they can afford a few more bucks? There ARE loopholes, there ARE favorable deduction laws...on purpose. THEY are rich too, and they want to keep all they can.
Politicians take from "us" and give to their campaign contributors...they appoint people who will treat their contributors well. The whole thing is a system or perpetual graft and corruption.
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Originally Posted by Guest
Although I agree with much of what you wrote I don't believe the "tax the rich" is a ploy. I think it is long over due. For two long now republicans have been trying to sell the "trickle down" BS. How did that work with Bush? It's now time to balance things out a bit.
It's not fear mongering at all. I see it as educating the public. The republicans will make a quick a furious push to pass legislation that will benefit the wealthy of this country. Without information provided by this article the middle class of this country won't be prepared to push back and it will be too late.
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The "system" is designed for the benefit of the rich.
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Originally Posted by Guest
Trickle down does work, IF congress does not increase the deficit by spending more. Trickle down causes the middle class and lower class to have a better lifestyle, standard of living. But, whenever congress sees more money coming in from higher tax revenues, they go hog wild and start spending like drunken sailor.
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That's their job..."send money home" while they loot the country at large. They don't need higher revenues, they borrow.