Shinrei no Shintai;362786 said:
That looks pretty, but we pay taxes on earnings, not on wealth, so I'm not sure I understand what you're suggesting. Not everyone who makes over 100,000 a year has accumulated wealth, so just taxing their income more would just make it more difficult for them to become wealthy.
And yet taking 30% from someone who makes minimum wage takes much more away from their quality of life than taking 50 or even 80 percent from someone who makes 20mil a year plus bonuses and stock options.
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Also, if we start taxing wealth, then I guess no one can ever retire since it's already difficult for most people to invest and save enough to build up a "nest egg" to enjoy retirement.
Nice straw man argument, I am not even going to comment on this
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I believe in they US system where people can strive to become wealthy, because by doing so they help move the economy. Successful entrepreneurs create jobs. There is nothing wrong with working hard and seeking opportunity and being subsequently rewarded.
I agree. Why do you think I don't? The government CANNOT squeeze more money out of the middle or lower classes. So when the upper classes who run this country push it into a war and don't bother to think that the government needs any kind of budget, they are the ones that ultimately need to help foot the bill, since they CAN afford it.
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Why is it so evil to be rich?
Who said it was evil to be rich? You did. Hypothetical (or is it): You have a group of people who are barely being able to feed their children and barely able to afford to put a roof over their families heads, and a seperate group of people with millions lying around in bank accounts that they don't do anything with. You need more money for public works, military defense, whatever, where do you pull it from? Do you Tax the first group into destruction, and destroy your economy since you don't have much of anyone buying the goods your buisinesses need to sell, or do you tax the people who can afford it?
I agree with you Shin, that everyone should pay a flat, same percentage tax. But here in reality, when the government refuses to follow any kind of budget, and always needs more money, you have to tax the people who it will not ruin to pay those taxes.
You cannot really up import/export tarrifs, because you don't make any more money when people stop trading.
Since you think the current system of taxation is unfair, I want to see what you propose that will A) Deal with the government and its current need for hard cash, and

Be 'fair' to every single person in the United States of America.