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Money and Finances
Reply to ""Tax the Rich""
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Taxes is theft plain and simple. The rich have money to spare and taxes doesn't affect them. If things were FAIR, then anyone making less than 100K a year and owning less than 2 million dollars of real estate, would have to pay ZERO TAXES. [/quote] So much of this post is insane... But mainly, no, taxes are absolutely not theft. Think of them as a membership fee for being part of a society.[/quote] By this logic, everyone should pay for membership. But that's not how our tax regime works. [b]It penalizes the most productive and successful in order to benefit those who contribute the least productivity,[/b] for no apparent reason. It also distorts the economy and markets through ever-changing government efforts to apply social engineering through a system of tax-related incentives and disincentives, causing people and businesses to engage in behaviors they otherwise would eschew. A fair system would be a flat tax where everyone, regardless of income, pays the same rate. People with higher incomes pay more, lower incomes pay less, everybody pays and feels the same amount of relative pain. The inefficiencies inherent in our convoluted system of deductions, income brackets, credits, and exemptions could be instantly eliminated. [/quote] Notwithstanding your obviously incorrect assertions that high income earners are necessarily productive and low income earners do not contribute to society, paying your f—king taxes for the benefit of a country which has allowed you to be financially successful, (relatively) healthy, and (relatively) safe IS NOT A PENALTY! I really wish we could round up all of you “self-made” producers and drop you off in Somalia. Let’s see how productive you are then. [/quote] People with higher incomes are, by definition, more productive. They wouldn't be more highly compensated otherwise. They make more money, spend more money, invest more money, and they pay more taxes. People with lower incomes do less of all those things. It's simple enough. [/quote] Not simple at all. You forget the people who have very high incomes from unearned money. They don’t produce anything. And production does not correlate with income. [/quote]
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