BF2S Forums ...and for those that think higher taxes is the answer for everything

DrunkFace wrote:

lowing wrote:

AussieReaper wrote:

You create jobs through investment into companies, via shareholders, you know, the guys who don't earn the big bucks like the CEOs do.

If the middle income earners have more money to spend, and do spend it, they are either going to A) consume from the company it's service or product, or B) invest in that company.

What is an extra hundred thousand or even million or so dollars going to do for the CEOs of that company? They are going to buy a bigger yacht? Or hire more workers where there is no demand for more workers, because the company has less investment and less consumer demand.

There are more middle income earners than top earners. How hard is it to figure out where the best investment into a company comes from?

You create jobs, by having the evil companies make evil profits for the evil rich. Who in turn re-invest. It is as simple as that.

By the way I thought we were talking about your desire for trickle up poverty to wipe out the rich. Are you backing away from that desire?

You create jobs by increasing demand. The evil companies making evil profits for the evil rich will do sweet fuck all until there is sufficient increase in demand to warrant expanding.

It pays to be among the top 400 taxpayers who earned roughly $250 million on average in 2005. According to an analysis by the New York Times and David Cay Johnston for Tax Notes (subscription only), the last IRS report on the top 400 taxpayers showed that they made a little more than a penny of each dollar of total income in America, but paid income taxes at a 17.2 percent rate. Add in payroll taxes, and the figure still rounds to 17.2 percent. Those top 400 paid a tax rate lower than that of a family making between $50,000 and $75,000 a year -- which was 17.4 percent, according to Johnston.

Agent_Dung_Bomb wrote:

Oh yeah, those poor rich people and their overburdening of taxes.

http://www.dailyfinance.com/2009/08/17/ … -tax-rate/

It pays to be among the top 400 taxpayers who earned roughly $250 million on average in 2005. According to an analysis by the New York Times and David Cay Johnston for Tax Notes (subscription only), the last IRS report on the top 400 taxpayers showed that they made a little more than a penny of each dollar of total income in America, but paid income taxes at a 17.2 percent rate. Add in payroll taxes, and the figure still rounds to 17.2 percent. Those top 400 paid a tax rate lower than that of a family making between $50,000 and $75,000 a year -- which was 17.4 percent, according to Johnston.

CameronPoe wrote:

lowing wrote:

http://news.yahoo.com/s/time/20090903/us_time/08599191991600



Drive away your tax base and leave the leeches behind and what do you get? New Orleans, Detroit, and soon Florida

Your OP title probably applies to about 5% of the 'liberal' camp. Taxes go up and taxes go down depending on economic circumstances. Incidentally, America hasn't hardly paid it's dues since the dollar became the main reserve currency. You don't know the meaning of what level of taxes you should be paying. You should sent a letter of thanks to China and Saudi Arabia. And the problem exposed there are simply a microcosm of the problem we face  in trying to straighten out regulation of financial markets. It has to be global (in the example federal) - not on a country by country basis (otherwise banks will just cheat their way out by relocating).

CameronPoe wrote:

lowing wrote:

As far as America owing dues to the world, I have no ideas what you are talking about.

That's because you don't understand economics. Who do you think your budget deficit is owed to? It doesn't get funneled into an open pit in the ground ye know...

CameronPoe wrote:

lowing wrote:

CameronPoe wrote:

That's because you don't understand economics. Who do you think your budget deficit is owed to? It doesn't get funneled into an open pit in the ground ye know...

I do know that, what I am saying is how the hell did you get there from the OP?

I'm saying that the US has been living beyond its means since the 30s. Through the recent boom that deficit exploded further as taxes were further cut stoking the economic bubble nicely. American infrastructure is in need of upgrading/replacement (bridges in Minnesota collapsing, etc) - taxes can't always go down and spending can't always be cut. You have been through a long period of false growth that has come crashing down on a foundation of spending beyond ones means. You can cut a lot of fat out of the spending but at the end of the day you not only have to run your country but pay your dues to other countries (something that the US has never seemingly been keen on while the dollar has been the primary reserve currency) and you haven't paid them bills in a looong time. I just don't understand the mono-directional sentiment towards tax.