On 11/23/2014 10:04 PM, fleetwood_macncheese wrote:

California is in pretty good shape fiscally. This is a specious argument, about only taxing the rich here. Real estate costs a small fortune in California, and *everybody* pays a mint in property taxes. It adds up.

Contrary to what you say, taxing the rich is not complicated, because their wealth doesn't fluctuate during economic ebbs and flows. In fact, the wealth of the rich always goes up, unlike yours and mine. They can definitely afford to throw more into the coffers.
According to what I've read, the top 1% of earners fill the coffers of states like California and New York during a boom—and leave them starved for revenue in a bust. Go figure.

/"Nearly half of California's income taxes before the recession came from the top 1% of earners: households that took in more than $490,000 a year. High earners, it turns out, have especially volatile incomes—their earnings fell by more than twice as much as the rest of the population's during the recession. When they crashed, they took California's finances down with them."/

'The Price of Taxing the Rich'
http://online.wsj.com/articles/ <http://online.wsj.com/articles/SB10001424052748704604704576220491592684626>

---In FairfieldLife@yahoogroups.com, <punditster@...> wrote :

On 11/23/2014 5:58 PM, fleetwood_macncheese wrote:


    Corporations DO NOT pay their fair share - It is supposed to be
    35 to 40%, but several pay NO taxes at all. They can go
    incorporate in Liberia, for all I care - Greedy, unpatriotic
    bastards. I like the idea of a flat tax, but will settle for the
    letter of the law.

    PS There is exactly ONE political party in the USA - Quit getting
    played for a chump.
    It looks like we are in some agreement. Both political parties are
    not working in our interest. Bhairitu's idea of a third party
    makes a lot of sense. In the next presidential election I may vote
    independent. It's easy to paint taxation with a large brush and to
    combine notions of individual earned income tax with corporate
    taxation and the idea of taxing the rich. It's complicated.

    The problem with taxing the rich is that when the economy is good
    politicians love it, but when the economy is poor, they hate it -
    the instability is not a good thing. In California what is needed
    is a flat tax rate to help stabilize state revenues, according to
    U.S. Rep Tom McClintock (R., CA).

    /"The working class may be taking a beating from spending cuts
    used to close a cavernous deficit, Mr. Williams said, but the root
    of California's woes is its reliance on taxing the wealthy." /


    /Libertarian Party on Tax Reform:/
    //"Government should not incur debt, which burdens future
    generations without their consent. We support the passage of a
    “Balanced Budget Amendment” to the US Constitution, provided that
    the budget is balanced exclusively by cutting expenditures, not
    raising taxes."//

    /"The kid-glove treatment of corporate tax offenders by both
    parties is exhibit A in America's shift from a functioning
    democracy to a nascent oligarchy."/



    ---In FairfieldLife@yahoogroups.com
    <mailto:FairfieldLife@yahoogroups.com>, <punditster@...>
    <mailto:punditster@...> wrote :

    On 11/23/2014 1:01 PM, fleetwood_macncheese wrote:


        The current situation is shameful.

        /Agreed, but the answer is not//in continuing the current tax
        structure. I am opposed to unfair income taxation. A better
        idea might be a tax on luxury goods. One of the reason
        businesses are leaving California and the U.S. is because of
        unfair corporate taxation./

        It is lying with statistics,

        /The chart was compiled in 2011 by President Obama's
        Congressional Budget Office (CBO) - it's a non-partisan
        analysis. It proves that the rich pay almost all of the
        income tax in the U.S. Do the math.//


        based on an outmoded tax structure - Let the ultra-wealthy
        give something back, besides the minimum. The only reason
        that chart is trotted out, is to quiet those who know they
        are being screwed, and to appease the very rich.

        /So, it's an Obama government conspiracy to "quiet those" who
        don't pay any income tax? You're not even making any sense
        today, Jim.//

        The federal government’s most intrusive and potentially
        punitive institution, the IRS, unquestionably worked for
        Barack Obama’s reelection by suppressing activities by
        conservative groups.//
        How is someone worth a billion dollars, going to miss a
        hundred million or so?
        /A few million here and a few million there and pretty soon
        you're talking real money. But, seriously it's not about the
        money - it's all about the jobs./
        The ultra rich use a disproportionate share of the common,
        and they should pay their fair share, without any tax breaks.
        /Not sure how you figure rich people paying 90% of all the
        U.S. income tax is paying "their fair share. It sounds more
        like the rich are the ones being screwed. The only fair
        income tax would be a flat tax.

        We are all supposed to be equal under the law, not prejudiced
        against those that have more. Without the opportunity to be
        rich people, everyone would be poor. Go figure./
        If they did that, and corporations chipped in their fair
        share, that would be good enough for me.
        /It's not good enough for me until they reform the tax code
        and eliminate the IRS and implement a flat tax. A true flat
        rate tax is a system of taxation where one tax rate is
        applied to all income with no deductions.
        //Flat taxes offer simplicity in the tax code, which has been
        reported to increase compliance and decrease administration
        costs. A true flat rate tax is a system of taxation where one
        tax rate is applied to all income with no exceptions. The
        flat rate would be applied to all taxable income and profits
        without exception or exemption. //
        //It could be argued that under such an arrangement, no one
        is subject to a preferential or "unfair" tax treatment. No
        industry receives special treatment, large households are not
        advantaged at the expense of small ones, etc. //
        //Moreover, the cost of tax filing for citizens and the cost
        of tax administration for the government would be further
        reduced, as under a true flat tax only businesses and the
        self-employed would need to interact with the tax authorities./

        ---In FairfieldLife@yahoogroups.com
        <mailto:FairfieldLife@yahoogroups.com>, <punditster@...>
        <mailto:punditster@...> wrote :

        On 11/22/2014 2:28 PM, fleetwood_macncheese wrote:


            Yes, I agree that a larger safety net is necessary, and
            the bucks for that should come from the ultra wealthy
            who shirk their national responsibility, by evading taxes.

            /A new CBO study shows that ‘the rich’ don’t just pay
            their ‘fair share,’ they pay almost everybody’s share.


            Otherwise, we will continue to see the middle class
            disappear, and be headed for a second revolution,

            Part of the issue, is that corporate titans are seen as
            great visionaries and geniuses, instead of simply being
            true to their charter, which is to turn as big a
            profit, as possible, resources and populations be
            damned. We need real leaders, not Warren Buffet and a
            bunch of unethical salesmen, running this country.

            ---In FairfieldLife@yahoogroups.com
            <mailto:FairfieldLife@yahoogroups.com>, <noozguru@...>
            <mailto:noozguru@...> wrote :

            One of the ways of doing it would be guaranteed annual
            income. That's a safety net and keeps people from
            becoming desperate.  In fact the crime reduction it
            might produce might pay for it. You can look up the
            different countries implementing it and see how they
            are going to pay for it. Otherwise limit how much money
            anyone can have because we're seeing that billionaires
            are mentally ill and don't deserve the power they wield.

            Americans are so brainwashed with a Tarzan like
            "capitalism good, socialism bad" meme that its
            difficult to get any decent change and it'll just send
            us back to the middle ages where there are two classes
            the extremely wealthy and the extremely poor.  Don't
            stand for it!

            Nothing brings this out more than than the holiday
            season or "Crassmust".

            On 11/22/2014 10:20 AM, fleetwood_macncheese@...
            <mailto:fleetwood_macncheese@...> [FairfieldLife] wrote:

                Yes, but I don't know how that would be possible.
                This area I now live in, was a paradise for the
                natives, for 3,000 years - no inter-tribal
                warfare, and absolute respect for territorial
                boundaries. But, they had nothing, and lived
                entirely off the land. I like my tech, and modern
                life, and not sure how that would happen, without
                monetary rewards.

                ---In FairfieldLife@yahoogroups.com
                <noozguru@...> <mailto:noozguru@...> wrote :

                People sure are desperate for making money so they
                come up with their weirdest ideas.  If there is a
                future it's going to be VERY, VERY weird.  Just
                think what a nicer world this would be if people
                didn't have to worry about making money.

                On 11/22/2014 08:11 AM, fleetwood_macncheese@...
                <mailto:fleetwood_macncheese@...> [FairfieldLife]

                    Can't find your car? Hold your key fob up to
                    your head. (Really.)


                    Can't find your car? Hold your key fob up to
                    your he...

                    It sounds crazy, but it extends its range
                    just a little bit.
                    View on www.vox.com
                    Preview by Yahoo

                    Turn your brain into an antenna, by holding
                    your key fob close to your head...

      • Re: [F... fleetwood_macnche...@yahoo.com [FairfieldLife]
        • Re... Bhairitu noozg...@sbcglobal.net [FairfieldLife]
          • ... Share Long sharelon...@yahoo.com [FairfieldLife]
          • ... 'Richard J. Williams' pundits...@gmail.com [FairfieldLife]
        • Re... 'Richard J. Williams' pundits...@gmail.com [FairfieldLife]
          • ... fleetwood_macnche...@yahoo.com [FairfieldLife]
            • ... 'Richard J. Williams' pundits...@gmail.com [FairfieldLife]
            • ... fleetwood_macnche...@yahoo.com [FairfieldLife]
            • ... 'Richard J. Williams' pundits...@gmail.com [FairfieldLife]
            • ... fleetwood_macnche...@yahoo.com [FairfieldLife]
            • ... 'Richard J. Williams' pundits...@gmail.com [FairfieldLife]
            • ... Bhairitu noozg...@sbcglobal.net [FairfieldLife]
            • ... 'Richard J. Williams' pundits...@gmail.com [FairfieldLife]
            • ... fleetwood_macnche...@yahoo.com [FairfieldLife]
      • Re: [F... 'Richard J. Williams' pundits...@gmail.com [FairfieldLife]
  • Re: [FairfieldL... 'Richard J. Williams' pundits...@gmail.com [FairfieldLife]

Reply via email to