Originally
posted by
Azz Kikr:
khavic, i think the point is not that where the money in circulation comes from, but how the individual taxation affects individual people
or do you not think that 5k from a person who makes 30k affects them differently than 17k from a person who makes 100k?
(these are assumed numbers, based on your post above. if my tax deductions are any indication, the estimate of 1/6th income is low. or i'm just unlucky :P)
i have *no doubt* that the richest in the country also contribute the largest total of money in tax. it'd be fluffing stupid if they didn't. my perspective (and presumably others) is that it's not proportional. not even close.
1st : It does not matter how it affects them. Everyone is crying about "Fair share" and a "Fair share" is everyone pays their portion of the bill owed.
If you and I are kicking back drinking a beer and decide to take our 2 families to pizza dinner do we sit there and figure out who makes what and divide the tab up by our incomes? Or do we both pitch in half because both of our families shared the meal?
If your income is double mine do you drive on different highways? Should you pay more to maintain the highways we share?
2nd : Did you know that your employer, you know the rich person, not only pays individual tax on earnings they take from their company, but is required to match certain taxes they withhold from you when they pay their business taxes? (I have not had employees since 1998 so I don't know what today's numbers are now, but then it was around 70% of the tax my employees paid I had to match when I paid my company tax.)
3rd : You are right it is not proportional because they pay a much larger share than most even begin to realize.
4th : It is not the guy next door making "Too much money" that has got us where we are today.
Too much government is what has lead us here.
The housing bubble collapse was due to over regulation of the housing market, not under regulation. The collapse of the securities and exchange was due to over regulation, not under regulation. The collapse of GM was due to over regulation (by the unions as well) not under regulation.
What was the driving force for banks to make risky/unsecure loans?
Why did the securities market insure those risky loans?
Why do auto makers send their vehicles to Canada to have their A/C units charged and buy their electronic components from Mexico?