Re: [FairfieldLife] Economists: tax the rich at 90 percent
Sure, I'll take the bate! You knew I would. Why tax multi-millionaires more,
they're already taxed heavily and they are producers in our economy. I have a
novel idea, why not tax poverty for a change? IF you're a taker, you could
start working out your karma by having part of what you have taken, taken back
from you. We should consider taxing people out of poverty. The more you make ,
the less(percentage wise) you would pay in tax to a point. Might motivate some
to earn more so they could pay less and keep more. Of course there can always
be exceptions such as for the elderly and retired, disabled or whatever. As
Maharishi says, nobody has a right to suffer and I say In America, nobody
has a right to live in poverty and if they do, they should pay for it. From:
Bhairitu noozg...@sbcglobal.net [FairfieldLife]
FairfieldLife@yahoogroups.com
To: FairfieldLife@yahoogroups.com
Sent: Wednesday, October 22, 2014 9:23 AM
Subject: [FairfieldLife] Economists: tax the rich at 90 percent
I'm sure we'll hear from the taking other people's money crowd here
but I've thought this would be a good idea for years. Doubt if we have
any multi-millionaire US citizens here so we would all get a tax break.
And the money hoarders would get a deterrent (which was the real reason
for the Eisenhower years tax rate which was not to make the government
rich).
http://www.huffingtonpost.com/2014/10/22/economists-tax-rich_n_6024430.html
Billionairism is a mental illness.
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Re: [FairfieldLife] Economists: tax the rich at 90 percent
e bait
From: Mike Dixon mdixon.6...@yahoo.com [FairfieldLife]
FairfieldLife@yahoogroups.com
To: FairfieldLife@yahoogroups.com FairfieldLife@yahoogroups.com
Sent: Wednesday, October 22, 2014 9:57 AM
Subject: Re: [FairfieldLife] Economists: tax the rich at 90 percent
Sure, I'll take the bate! You knew I would. Why tax multi-millionaires
more, they're already taxed heavily and they are producers in our economy. I
have a novel idea, why not tax poverty for a change? IF you're a taker, you
could start working out your karma by having part of what you have taken, taken
back from you. We should consider taxing people out of poverty. The more you
make , the less(percentage wise) you would pay in tax to a point. Might
motivate some to earn more so they could pay less and keep more. Of course
there can always be exceptions such as for the elderly and retired, disabled or
whatever. As Maharishi says, nobody has a right to suffer and I say In
America, nobody has a right to live in poverty and if they do, they should pay
for it. From: Bhairitu noozg...@sbcglobal.net [FairfieldLife]
FairfieldLife@yahoogroups.com
To: FairfieldLife@yahoogroups.com
Sent: Wednesday, October 22, 2014 9:23 AM
Subject: [FairfieldLife] Economists: tax the rich at 90 percent
I'm sure we'll hear from the taking other people's money crowd here
but I've thought this would be a good idea for years. Doubt if we have
any multi-millionaire US citizens here so we would all get a tax break.
And the money hoarders would get a deterrent (which was the real reason
for the Eisenhower years tax rate which was not to make the government
rich).
http://www.huffingtonpost.com/2014/10/22/economists-tax-rich_n_6024430.html
Billionairism is a mental illness.
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Re: [FairfieldLife] Economists: tax the rich at 90 percent
How many millionaires and even billionaires do you actually know, Mike? Your upside down idea is just that: upside down. It would never work. Once again a 90% tax on the rich keeps them from their OCD of accumulating wealth and their narcissistic drive to be YEN (Yet Another Napoleon). It's not to fund the government. There are not many rich people who actually produced anything other than more money for themselves. They are opportunists who often buy small businesses to get new products. Humans are just not that sophisticated or evolved that they will do good things if they have the luck to accumulate a lot of wealth. In general many of the wealthy are not money managers so they turn that over to companies who manage their wealth for them and they have only one goal to make as much money as possible for their client. It's like a horrible machine destroying anything in it's way of making income. As for the poor. Just where are the jobs? Where are the opportunities. Seems we do have a federal jobs program: the military. That's not a good idea at all. Looking around I find many highly educated people shut out of the job market. The best they can do is to try to come up with some winning thing in a world where everyone else is trying to do that. Quite a mess. So let's add a basic income program too. On 10/22/2014 09:57 AM, Mike Dixon mdixon.6...@yahoo.com [FairfieldLife] wrote: Sure, I'll take the bate! You knew I would. Why tax multi-millionaires more, they're already taxed heavily and they are producers in our economy. I have a novel idea, why not tax poverty for a change? IF you're a taker, you could start working out your karma by having part of what you have taken, taken back from you. We should consider taxing people out of poverty. The more you make , the less(percentage wise) you would pay in tax to a point. Might motivate some to earn more so they could pay less and keep more. Of course there can always be exceptions such as for the elderly and retired, disabled or whatever. As Maharishi says, nobody has a right to suffer and I say In America, nobody has a right to live in poverty and if they do, they should pay for it. *From:* Bhairitu noozg...@sbcglobal.net [FairfieldLife] FairfieldLife@yahoogroups.com *To:* FairfieldLife@yahoogroups.com *Sent:* Wednesday, October 22, 2014 9:23 AM *Subject:* [FairfieldLife] Economists: tax the rich at 90 percent I'm sure we'll hear from the taking other people's money crowd here but I've thought this would be a good idea for years. Doubt if we have any multi-millionaire US citizens here so we would all get a tax break. And the money hoarders would get a deterrent (which was the real reason for the Eisenhower years tax rate which was not to make the government rich). http://www.huffingtonpost.com/2014/10/22/economists-tax-rich_n_6024430.html Billionairism is a mental illness.
Re: [FairfieldLife] Economists: tax the rich at 90 percent
On 10/22/2014 11:23 AM, Bhairitu noozg...@sbcglobal.net [FairfieldLife] wrote: I'm sure we'll hear from the taking other people's money crowd here but I've thought this would be a good idea for years. Doubt if we have any multi-millionaire US citizens here so we would all get a tax break. And the money hoarders would get a deterrent (which was the real reason for the Eisenhower years tax rate which was not to make the government rich). http://www.huffingtonpost.com/2014/10/22/economists-tax-rich_n_6024430.html Billionairism is a mental illness. /You are not even making any sense. We don't want anyone taking our earned income away from us because it's our money and we earned it. //It's not complicated.// // //In general, I am opposed to taxation of all kinds, but if I am elected I will push for a fair tax system and to abolish the IRS. We are all supposed to be equal under the law, so a flat tax makes more sense instead of a progressive or regressive system of taxation and a flawed or even corrupt tax administration system.// // //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 general, the question of how to eliminate deductions is fundamental to the flat tax design.// That's what I think./
