"The Rich don't pay their fair share"

4,312 Views | 112 Replies | Last: 9 days ago by historian
nein51
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historian said:

Porteroso said:

historian said:

There is nothing realistic about raising taxes. The rich already pay far more in taxes than any other bracket. Elon Musk is an excellent example. Until this year, he held the record for paying largest tax bill. (Yes, someone actually paid more!). Absolutely no one benefits from corrupt politicians & incompetent bureaucrats stealing more money from the taxpayers or any subset of them.

What does your first sentence even mean? And you realize that the vast majority of the federal budget goes to.... Americans, right?

When the govt taxes some people and gives the money to others it's a form of theft and makes the recipients parties to the crime. It is, however, a very clear illustration of one of the evils of socialism.

The problem isn't "Rob the rich and pay the poor" it's "if we took every dollar the rich make there still isn't close to enough to pay the poor" and WAY too many people just don't get that.
historian
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And the probably only gets worse because of all the incentives: the poor have no incentive to work if everything is given to them & the rich have no incentive to be creative & innovative if the govt will only steal what they earn.
historian
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historian
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chriscbear
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Grow the economy and the government collects more in taxes. Government spending needs to slow down. If tax revenues increase 2.5% a year but spending increases 10 to 15% a year that's a problem. Its not that complicated.
nein51
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chriscbear said:

Grow the economy and the government collects more in taxes. Government spending needs to slow down. If tax revenues increase 2.5% a year but spending increases 10 to 15% a year that's a problem. Its not that complicated.

That's probably the only solution at this point beyond very unpopular austerity measures that no one is going to back because it's a political death sentence.
nein51
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historian said:

And the probably only gets worse because of all the incentives: the poor have no incentive to work if everything is given to them & the rich have no incentive to be creative & innovative if the govt will only steal what they earn.

Exactly
historian
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