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Author Topic: Do you favor confiscatory tax rates?  (Read 1458 times)

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Offline LC EFA

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Do you favor confiscatory tax rates?
« on: February 26, 2009, 04:42:12 PM »
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Stinky The Clown  Donating Member  (1000+ posts)  Thu Feb-26-09 03:28 PM
Original message
Taxes up for the wealthy. Do you favor confiscatory tax rates?


Back in the day, the top tax rate on top earners was at or just over 90%.

Would you favor that today? A sliding tax rate that climbs steadily to that level.

I'll say it ..... do you favor this sort of redistribution of wealth?

(By the way .... to lower the rate at which taxes would NOT go up, now set at $250K, is, in my view, politically counterproductive. If we take that down to maybe $150K or even $100K, would get too many people we need on our side upset. To keep it at $250 was very smart. There are sufficiently few of them that they have no clout. And in today's job climate, the deluded morons who might imagine they would ever get to that income level must be way down, too.)

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5141653

Pretty obvious what the average answer will be on the DU.

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Luminous Animal  Donating Member  (1000+ posts) Thu Feb-26-09 03:31 PM
Response to Original message
1. Yes I do...
   
but I do not see it as a redistribution of wealth. I see it as a user fee that maintains the infrastructure (both physical and intellectual) to acquire that kind of wealth.

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MercutioATC Donating Member (1000+ posts)  Thu Feb-26-09 03:31 PM
Response to Original message
2. I don't.
   
I believe that anything over 2/3 (67%) is completely unreasonable.

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ThomWV  Donating Member  (1000+ posts) Thu Feb-26-09 03:33 PM
Response to Original message
5. First off this is not a redistribution of wealth
   
Edited on Thu Feb-26-09 03:34 PM by ThomWV
Its an interdiction of profits taken from the pocketbook of consumers being returned to them before every dime of it can reach the owners of the wealth - which if you recall from Economics 101 is the means of production, not the income from it.

Huh ?

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Coyote_Bandit  Donating Member  (1000+ posts)  Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Thu Feb-26-09 03:35 PM
Response to Original message
8. I think that the bulk of the taxes
   
should be paid from corporate profits.

Health care should be provided to all through a single payer taxpayer funded system.

Individual taxes should be graduated with those having higher earnings bearing a larger burden but the top rates should not be oppressive.

Real estate taxes should be used exclusively to fund education.

Sales taxes should exempt necessities.

You do realize who actually hands over the money that "corporations" use to pay the tax you are suggesting ?

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leftstreet  Donating Member  (1000+ posts) Thu Feb-26-09 03:41 PM
Response to Original message
14. **** the Wealthy. Quadruple our Wages!

I'm beginning to think that leftstreet is actually a satire troll. Surely no one could be this stupid.

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Greyhound  Donating Member  (1000+ posts) Thu Feb-26-09 04:08 PM
Response to Reply #14
27. Raising wages from the bottom up is what fixes a nation's economy.
   
Why can't people get that?

With economic genius like this you really should consider running for office.

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kestrel91316  Donating Member  (1000+ posts) Thu Feb-26-09 03:41 PM
Response to Original message
15. Hell, yes. They will just have to learn to survive on the hundreds of
   
thousands or even millions that they take home AFTER those high taxes. No one is talking about taxing them into poverty.

You aren't paying very much attention to what your fellow inmates are saying are you.

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Warpy  Donating Member  (1000+ posts) Thu Feb-26-09 03:48 PM
Response to Original message
20. You bet I do
   
because that's half of what we need to do to get our country back. The other half is crushing the military industrial complex by slashing the Pentagon budget and making those old boys make real choices about defense for the first time in their overstuffed lives.

We have a moneyed aristocracy and a runaway imperial military. Both will need to be brought under our control for this country to survive as anything but just another semi feudal banana republic.

Stupid like this should be weaponized and used on our enemies.
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Offline The Village Idiot

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Re: Do you favor confiscatory tax rates?
« Reply #1 on: February 26, 2009, 04:52:35 PM »
wow.

they have no grasp on reality.

they really have no clue what would happen if they got their way.

Obama is going to bankrupt this country. do you think the poor will be better off when hyperinflation hits DUmmies?
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Offline JohnnyReb

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Re: Do you favor confiscatory tax rates?
« Reply #2 on: February 26, 2009, 05:07:42 PM »
Quote from: FGL on February 26, 2009, 04:52:35 PM
wow.

they have no grasp on reality.

they really have no clue what would happen if they got their way.

Obama is going to bankrupt this country. do you think the poor will be better off when hyperinflation hits DUmmies?

I finally concluded today that this has all been planned by the democrats to usher in socialism (communism actually). They saw how government spending and debt brought down the Soviet Union ....SOOOOOO.....they're doing it to the US of A big time hoping it'll never recover.
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Offline The Village Idiot

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Re: Do you favor confiscatory tax rates?
« Reply #3 on: February 26, 2009, 05:08:54 PM »
Quote from: JohnnyReb on February 26, 2009, 05:07:42 PM
I finally concluded today that this has all been planned by the democrats to usher in socialism (communism actually). They saw how government spending and debt brought down the Soviet Union ....SOOOOOO.....they're doing it to the US of A big time hoping it'll never recover.

asnd the sheeple will clamor for socialism
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Offline MrsSmith

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Re: Do you favor confiscatory tax rates?
« Reply #4 on: February 26, 2009, 05:20:38 PM »
Great plan!  ::) ::) Destroy the military, bankrupt most small businesses, and then spend the next 8 years crying over it while a Republican fixes it all.   ::) ::)
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Offline Duke Nukum

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Re: Do you favor confiscatory tax rates?
« Reply #5 on: February 26, 2009, 05:25:54 PM »
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ThomWV  Donating Member  (1000+ posts) Thu Feb-26-09 03:33 PM
Response to Original message
5. First off this is not a redistribution of wealth
   
Edited on Thu Feb-26-09 03:34 PM by ThomWV
Its an interdiction of profits taken from the pocketbook of consumers being returned to them before every dime of it can reach the owners of the wealth - which if you recall from Economics 101 is the means of production, not the income from it.

If it is being returned to me, I'll take it in one lump sum instead of as socialized anything.  Thank you very much.  Then I can decide how I want to spend it.

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Offline AprilRazz

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Re: Do you favor confiscatory tax rates?
« Reply #6 on: February 26, 2009, 05:29:06 PM »
Quote from: MrsSmith on February 26, 2009, 05:20:38 PM
Great plan!  ::) ::) Destroy the military, bankrupt most small businesses, and then spend the next 8 years crying over it while a Republican fixes it all.   ::) ::)
Yes slash the military budget. Those soldiers can survive on food stamps.   :sarcasm:
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Offline rich_t

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Re: Do you favor confiscatory tax rates?
« Reply #7 on: February 26, 2009, 05:31:02 PM »
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5. First off this is not a redistribution of wealth

Yes it is, you ignorant piss ant.
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Offline Carl

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Re: Do you favor confiscatory tax rates?
« Reply #8 on: February 26, 2009, 05:51:45 PM »
Once again they prove they have no more clue as to how real life works as I do about how to fly a 747.

They start with the premise that they are going to get something for nothing and never once think beyond that.

Most selfish group of imbeciles ever assembled.
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Offline BlueStateSaint

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Re: Do you favor confiscatory tax rates?
« Reply #9 on: February 26, 2009, 06:06:20 PM »
Quote from: MrsSmith on February 26, 2009, 05:20:38 PM
Great plan!  ::) ::) Destroy the military, bankrupt most small businesses, and then spend the next 8 years crying over it while a Republican fixes it all.   ::) ::)

It would take longer than 8 years, ma'am--and, IMHO, the Americacn people would do their level best to make sure that a Republican stayed at the helm for the entire time, and then some.
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Offline Vagabond

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Re: Do you favor confiscatory tax rates?
« Reply #10 on: February 26, 2009, 09:11:26 PM »
Quote from: FGL on February 26, 2009, 05:08:54 PM
asnd the sheeple will clamor for socialism
The only thing George Lucas got right in that last silly movie he made.  Freedom dies to thunderous applause.
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Offline AllosaursRus

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Re: Do you favor confiscatory tax rates?
« Reply #11 on: February 26, 2009, 10:32:12 PM »
Quote from: FGL on February 26, 2009, 04:52:35 PM
wow.

they have no grasp on reality.

they really have no clue what would happen if they got their way.

Obama is going to bankrupt this country. do you think the poor will be better off when hyperinflation hits DUmmies?

Nothing like an unemployment rate of around 25% to get the economy moving again!

They don't realize that if they tax 90% on everything over $250,000, that the folks earning that will stop earning anything more than $250,000! Why would they want to? Just so unca "O" can take it away? Lord what a helluva good idea!

Stupidity must be a pre-requisite at the DUmp in order to become a member!
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Offline Vagabond

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Re: Do you favor confiscatory tax rates?
« Reply #12 on: February 27, 2009, 12:18:29 AM »
Quote from: AllosaursRus on February 26, 2009, 10:32:12 PM
Nothing like an unemployment rate of around 25% to get the economy moving again!

They don't realize that if they tax 90% on everything over $250,000, that the folks earning that will stop earning anything more than $250,000! Why would they want to? Just so unca "O" can take it away? Lord what a helluva good idea!

Stupidity must be a pre-requisite at the DUmp in order to become a member!
One of my tombstones was earned for questioning (rather trying to lead a horse to water) about what the results of overtaxation and over regulation would be.

One of my tombstones is for cracking a joke that if I was a lesbian, I would just admire myself in the mirror all day to lioness priyanka.  I lasted two minutes past hitting send.
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Offline AllosaursRus

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Re: Do you favor confiscatory tax rates?
« Reply #13 on: February 27, 2009, 12:36:09 AM »
Quote from: Vagabond on February 27, 2009, 12:18:29 AM
One of my tombstones was earned for questioning (rather trying to lead a horse to water) about what the results of overtaxation and over regulation would be.

One of my tombstones is for cracking a joke that if I was a lesbian, I would just admire myself in the mirror all day to lioness priyanka.  I lasted two minutes past hitting send.

H5! You lasted longer than I did. All I ever did was ask them why they didn't allow dissent! 2 posts and I was history!
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Offline JohnnyReb

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Re: Do you favor confiscatory tax rates?
« Reply #14 on: February 27, 2009, 06:49:34 AM »
Quote from: FGL on February 26, 2009, 05:08:54 PM
asnd the sheeple will clamor for socialism

Yeah....half'em already do.
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"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline lars1701c

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Re: Do you favor confiscatory tax rates?
« Reply #15 on: February 27, 2009, 07:39:02 AM »
Asking this question at DU is like asking a bear if it shits in the woods.
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Offline Karin

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Re: Do you favor confiscatory tax rates?
« Reply #16 on: February 27, 2009, 08:52:19 AM »
Nobody, including even those outside of DU boards, is taking into account the John Galt effect, which will be very real.   I would definitely do that if I were in that tax bracket.  Just live the simple life, and bow out of that kind of income stream until the country turns sane again.  Make a few bucks taking in laundry or something.  The Amish hold bake sales on the roadside.  Why not?   
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Offline ScubaGuy

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Re: Do you favor confiscatory tax rates?
« Reply #17 on: February 27, 2009, 02:05:39 PM »

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leftstreet  Donating Member  (1000+ posts) Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Thu Feb-26-09 03:41 PM
Response to Original message
14. **** the Wealthy. Quadruple our Wages!

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Greyhound  Donating Member  (1000+ posts)  Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Thu Feb-26-09 04:08 PM
Response to Reply #14
27. Raising wages from the bottom up is what fixes a nation's economy.
   
Why can't people get that?

Most don't get it because they're not nearly as ignorant as you?

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Fire_Medic_Dave  Donating Member  (1000+ posts) Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Thu Feb-26-09 04:33 PM
Response to Reply #27
32. Why don't we just raise the minimum wage to $40.00 an hour then?

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Sherman A1  Donating Member  (1000+ posts)  Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Thu Feb-26-09 05:43 PM
Response to Reply #32
41. Okay by me...
   
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leftstreet Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Thu Feb-26-09 05:46 PM
Response to Reply #32
42. Sounds good

I hope $40 for a loaf of bread and $10,000/month rent sounds good too.

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Sherman A1  Donating Member  (1000+ posts)  Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Thu Feb-26-09 05:43 PM
Response to Reply #14
40. Agreed
   
That is the real answer. The working class has faced stagnate wages for far, far too long and significantly raising wages is the way to fix this


That said.....I still believe taxing the rich to be a very good idea.


I am thinking somewhere in the range of over 100% taxation on the rich. I would tax them into the dirt.

just my opinion......

 :mental:
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Offline Carl

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Re: Do you favor confiscatory tax rates?
« Reply #18 on: February 27, 2009, 03:03:09 PM »
If you could tax idiocy you wouldn`t have to look any farther then the DUmp.
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Offline JohnnyReb

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Re: Do you favor confiscatory tax rates?
« Reply #19 on: February 27, 2009, 03:42:05 PM »
The DUmmies have convinced me.....100% taxation.....damn str8....absolutely. Tax everyone 100% right from the get go.......reduce taxes and let them retain money according to how long and how hard they work. DUmmies would all be in the 95 to 100% range......conservatives would be in the 10 to 30% range probably. ....and when you consider "No work, No eat", the DUmmies wouldn't be with us long and we could cut the tax rates in half then.

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"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline lastparker

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Re: Do you favor confiscatory tax rates?
« Reply #20 on: February 27, 2009, 03:59:08 PM »
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Its an interdiction of profits taken from the pocketbook of consumers being returned to them before every dime of it can reach the owners of the wealth - which if you recall from Economics 101 is the means of production, not the income from it.

"Economics 101" at the Universidad de La Havana, maybe.

 :thatsright:
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