Why we love the rich and hate the poor - page 6.

zolace

sr. member

Activity: 364

Merit: 250

Quote from: umair127 on August 28, 2014, 08:03:12 AM

Quote from: zolace on August 28, 2014, 06:27:27 AM

1) in NYC 5000 people out of 8.4 million pay 50% of all city taxes

2) in California 150,000 pay 50% of state taxes

3) in America the top 1% pay 40% of all federal taxes.

No other country rips off the rich like we do in America but ,sadly, the joke is on us because when you take incentive and capital from your most productive citizens and give to your least productive, ie., liberal bureaucrats and free loaders, everyone suffers in a poor economy whose heart has been cut out.

We all suffer when anti American liberals steal capital from our most heroic and productive citizens. The more liberals steal venture capital the fewer ventures we have. That means fewer jobs and slower economic growth. A child could understand, just not a brainwashed liberal.

You keep talking about "stealing" venture capitol. We dont tax venture capital, we tax income, and venture capital is typically achieved through some type of securitized mezzanine financing facility. The only way your argument makes sense is if you wanted to argue that by taxing the income of the wealthy you are decreasing the available capital of some hypothetical angel investor, which is what many/most Americans think of when they hear "venture capitalist". As we are discussing in another thread, most americans are ignorant. When it comes to venture capital, angel investors are almost unheard of, and are certainly unheard of on any measurable level. That is just not the way such things are financed anymore.

umair127

sr. member

Activity: 378

Merit: 250

Quote from: zolace on August 28, 2014, 06:27:27 AM

1) in NYC 5000 people out of 8.4 million pay 50% of all city taxes

2) in California 150,000 pay 50% of state taxes

3) in America the top 1% pay 40% of all federal taxes.

No other country rips off the rich like we do in America but ,sadly, the joke is on us because when you take incentive and capital from your most productive citizens and give to your least productive, ie., liberal bureaucrats and free loaders, everyone suffers in a poor economy whose heart has been cut out.

We all suffer when anti American liberals steal capital from our most heroic and productive citizens. The more liberals steal venture capital the fewer ventures we have. That means fewer jobs and slower economic growth. A child could understand, just not a brainwashed liberal.

alwinlinzee

sr. member

Activity: 434

Merit: 250

Its a general notion that every government the world over enriches itself from taxes generated from the rich thus make appropriations that go in favor of the rich that isn't debatable.But the fact still remains that the poor masses bear the burden from most of this laws since they find it hard to meetup with any such laws created due to their status.

Gargulan

full member

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A simple divide and conquer method to pitch the population against each other from the governing class (politician).

We now have many racial groups now against each other, class group against each other and ideologies and religions fighting each other.

zetaray

hero member

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That is why governments pass laws to benefit the rich, so they make more money and bribes the government with taxes. It is the same with any other country.

wassupman

newbie

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The top 1% of Americans also get 43% of the nations income yearly, and only 19% of their income is derived from actual work (wages and salaries)

   The bottom 80% only pull a pathetic 17% of the nations income, and 97.24% of that is from actual work (wages and salaries).

   The idea that we "rip off the rich" is completely and totally retarded. Nowhere else in the world do the rich have it as well as they do in America.

   If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen. —Samuel Adams

Kluge

donator

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I'd argue that isn't the whole picture. The government compensates them handsomely for it. In some countries, corporations are actually expected to stick to the law. The money's just a bribe for non-tangible gain, maybe just to ensure execs stay out of prison, so accepted in the US that high school government classes often cover the Iron Triangle in the same way as if they were going over the reasoning for having a bicameral legislature, now.

lemfuture

hero member

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hang in there

zolace

sr. member

Activity: 364

Merit: 250

1) in NYC 5000 people out of 8.4 million pay 50% of all city taxes

2) in California 150,000 pay 50% of state taxes

3) in America the top 1% pay 40% of all federal taxes.

No other country rips off the rich like we do in America but ,sadly, the joke is on us because when you take incentive and capital from your most productive citizens and give to your least productive, ie., liberal bureaucrats and free loaders, everyone suffers in a poor economy whose heart has been cut out.

Topic: Why we love the rich and hate the poor - page 6. (Read 7143 times)