Reply to Harris tax plan - raising taxes on high earners

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My husband and I are both high earners and both totally fine with this.  My husband grew up poor and was the first person in his family to graduate from college.  Without public schools and social programs he never would have gotten out. We're not interested in pulling the ladder up behind us. We can easily afford some extra taxes.[/quote]

OP here - great that you are fine with it, but I'm not!  I feel that I pay way more than my fair share in taxes and not interested in paying even more.  I'd much rather see major cuts in spending (I'm sure 20%+ of DoD spending is pure waste, if not more).

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[b]What part of you won’t be affected are you not understanding?[/b]

The mark-to-market, for example, is only going to apply to billionaires who pay less than 25% income tax. Is that you???

You have to gross more than $500,000 to be affected by the marginal rate increase. If that’s you, meh, you can afford it.

These things are also payfors for tax cuts to working people, which is good for the economy, which means you will do better overall.

She also hasn’t actually put out an explicit tax plan with this level of detail. You are either easily steered by right-wing propaganda or are a lying liar who lies. So which is it — are you a gullible fool or a deceitful shit?[/quote]

I don't understand what you mean when you say I won't be affected.  That was the whole point of my post in the first place - I WILL be affected.  I will be paying a significantly higher marginal and effective tax rate.

You saying people in my shoes can "afford it" misses the point and by extension means the government should take everything someone earns except for a few dollars for basic needs.  [/quote]

Over a certain income level, yes, the government should take everything a person earns except a few dollars. A 90% marginal tax rate for the highest earners sounds exactly right. [/quote]

To the extent you are serious, try to imagine a world where there is no incentive for entrepreneurship.  No incentive to get rich.  There would be no cell phones, no cars, no medical break throughs, no TV shows, no computers, no nice food for you to eat at the grocery store, nothing nice at all.

All the products and services you enjoy, that create the modern quality of life, are a result of people trying to get rich.

[/quote]

There is plenty of entrepreneurship in countries with higher tax rates than ours.

One big reason why? Universal, single-payer health care. When you no longer have to stick in a job you hate for the health benefits, you will be more willing to be entrepreneurial.

And those people have plenty of money despite the higher taxes. And a healthier public good, which means healthier customers.

So, your bullshit scenario is just that. [/quote]

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