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Should the rich pay higher taxes?

Incognito 2012/07/06 17:49:12
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  • Daring Blasphemer BN-0 2012/07/07 03:14:15
    Yes. The rich should pay more taxes.
    Daring Blasphemer BN-0
    +11
    This is an economics problem. It is complex and the answer is as well. The simple answer is YES, but that then draws the sheep to come spouting what they heard on corporate owned news and talk shows. Actual economics is much more complex than Friedman would have you believe. The reason people without an understanding of economics can jump on Friedman is because his solutions are simplistic. The reason they don't work is because they are also utopian.

    The market has never and will never police itself. Corporations have never and will never police themselves.

    The long answer is that when you raise taxes (Capital gains 35% and the highest bracket to at least 50% over ten years) on the top earners they stop hoarding money and spend their money on home improvement, leasing a new work car, investing in capital ventures, hiring new personal staff, anything to avoid paying the higher taxes. Corporations have even more ways to spend the money on tax deductions. They can hire new employees, raise the salaries of current employees, build new facilities, buy new shipping trucks, etc. Will they ACTUALLY pay more taxes? Possibly, but unlikely. They will offset the taxes by improving their businesses and will therefore improve the economy.

    This is the best way to grow the economy. As busi...

    This is an economics problem. It is complex and the answer is as well. The simple answer is YES, but that then draws the sheep to come spouting what they heard on corporate owned news and talk shows. Actual economics is much more complex than Friedman would have you believe. The reason people without an understanding of economics can jump on Friedman is because his solutions are simplistic. The reason they don't work is because they are also utopian.

    The market has never and will never police itself. Corporations have never and will never police themselves.

    The long answer is that when you raise taxes (Capital gains 35% and the highest bracket to at least 50% over ten years) on the top earners they stop hoarding money and spend their money on home improvement, leasing a new work car, investing in capital ventures, hiring new personal staff, anything to avoid paying the higher taxes. Corporations have even more ways to spend the money on tax deductions. They can hire new employees, raise the salaries of current employees, build new facilities, buy new shipping trucks, etc. Will they ACTUALLY pay more taxes? Possibly, but unlikely. They will offset the taxes by improving their businesses and will therefore improve the economy.

    This is the best way to grow the economy. As businesses hire new people to offset the tax burden, those people are in turn removed from unemployment and newly hired people are more likely to spend their money to pay bills piling up from being out of work, improving the economy yet again. The construction workers hired for the remodeling and new building projects are likewise productive as are the auto workers, car salesmen, etc. This is a true domino effect.

    We used to tax at a much higher rate (we are at a historic low) and the economy did not halt. The rich did not flee. Instead we thrived. For the past thirty years we have been crippling ourselves by swallowing this simplistic Friedman doctrine, enriching the already rich and destroying the middle class. Most free market people have NO idea how the system actually works. Those who do know how it works nurture the support of the ignorant. On the other hand most people who say tax the rich have no idea why they are correct.
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  • Ron Burgundy "Gentleman Lover" 2012/07/28 20:30:58
    Yes. The rich should pay more taxes.
    Ron Burgundy "Gentleman Lover"
    yes,cause i'm paying for all the poor ppl
  • animeknight16 2012/07/10 21:22:26
    No. The rich should not pay more taxes.
    animeknight16
    We should all pay equal taxes no matter what their income is.
  • Call me Mark willya? 2012/07/10 02:24:43
    Yes. The rich should pay more taxes.
    Call me Mark willya?
    I suppose the middle class should have to support the rich. Their taxes should be higher because they've got all kinds of loopholes and dodges so they don't pay all of them any damn way!!!
  • Incognito Call me... 2012/07/10 14:41:59
    Incognito
    Amen.
  • Black_Rose 2012/07/09 20:27:41
    No. The rich should not pay more taxes.
    Black_Rose
    Because when I become rich (lawl), I don't want to have to pay more in taxes.
  • **StarzAbove** 2012/07/09 15:30:21
    Yes. The rich should pay more taxes.
    **StarzAbove**
  • Pat 2012/07/09 07:21:34
    Yes. The rich should pay more taxes.
    Pat
    If you go back and check of the economies that were booming in years past, you'll find that they boomed when the tax rate on the wealthy was much higher. It gives the government more money to create jobs such as construction of new roads, bridges etc. thereby putting more money in the hands of people who will spend it in our economy thereby boosting sales and increasing profits for companies. Better to do this than allow them to send any more money overseas to their tax free accounts.
  • ScatterJoy! 2012/07/09 04:54:03
    No. The rich should not pay more taxes.
    ScatterJoy!
    There should be a set tax rate of like 10% - then we're all paying the same rate, and the rich will inevitably end up paying more.
  • Incognito Scatter... 2012/07/10 14:43:39
    Incognito
    That will happen when pigs fly. The rich want 50 states/fiefdoms to divide the nation's populace. A strong and distant federal government is needed to control the evil side of financially wealthy interests. IF YOU WANT TO REDUCE SPENDING, STOP BREEDING.
  • Scatter... Incognito 2012/07/10 22:35:29
    ScatterJoy!
    Lol - I'm ALL for the stopping of breeding. I have no intention to procreate.

    ....ever seen Idiocracy? Stupid f*cking movie, but alarmingly close to a potential reality - sort of like Wall-E.
  • Mimosa 2012/07/08 13:44:58
    Yes. The rich should pay more taxes.
    Mimosa
    They can afford to pay the higher taxes, while the poor and middle class are just struggling to make ends meet in this economy
  • Chris 2012/07/08 06:32:10
    Yes. The rich should pay more taxes.
    Chris
    especially the oil tycoons who manipulate gas prices and suppress alternative fuels while laughing at us for paying so much at the pump. They take advantage of us and a daily basis because they know how gullible most of us are. They also know that the tax system favors them and like to take advantage of tax loopholes. Heck I might do the same if I ever become rich.n Or when I become rich! It's only a matter of time once my brilliant novel gets published.
    Quote: Tax me more! - Warren Buffett
  • Chris Chris 2012/07/08 07:35:54
    Chris
    +1
    Let's see. Do I think that insatiably greedy and immoral people should pay higher taxes? Um... Yeah. Yeah I do. I'm very cynical about rich people.
    They are too rich and many have become too corrupt (because of their riches) to thrive. Jesus Christ himself condemned the rich. "It is easier for a camel to go through the eye of a needle, than for a rich man to enter the kingdom of God." As the Japanese say: "The nail that stands out gets pounded down!" Time to pound down the rich!
  • Chris Chris 2012/07/08 07:42:59
    Chris
    +1
    Only a fool thinks that corporations police themselves and that offshore drilling is safe while poo pooing alternative fuels. Fortunately, those simple minded people belong in the stupid pile next to the rest of the REFUSE.
  • PrettyGurl18 2012/07/08 01:32:50
    Yes. The rich should pay more taxes.
    PrettyGurl18
    +1
    Yes. Our current tax structure punishes the middle class and give those with the most money the most breaks. It's crazy.
  • bob 2012/07/07 22:12:44
    No. The rich should not pay more taxes.
    bob
    Who do you mean by rich Small Business owners that make up 70 percent of the 1% and are the Back bone of our Economy and who we need to grow and expand to put people back to work and who all ready pay 58 % of all tax dollars collected or the Make Believe Rich that the Democrats talk so often About. Those people who did not work for their Money they were just born Rich and should be made to pay so those who don't work can live in a manner that fits barrys dream of a welfare state till he can complete his plans to destroys America..
  • Jaroslav Dantes 2012/07/07 21:02:52
    Yes. The rich should pay more taxes.
    Jaroslav Dantes
    +3
    Yes! Specific evidence is that rich people owe more to the poor people. Therefore, it would be better to pay the amount of tax that keeps the social level of the weak.
  • Just MEH....Piwan 2012/07/07 19:19:22
    Yes. The rich should pay more taxes.
    Just MEH....Piwan
    +2
    Why should the rich have things easier?
  • Chris Just ME... 2012/07/08 06:38:01
    Chris
    +1
    Because they worked for them. LOL. Except the people who were born with a silver spoon or inherited their father's business or something like that. They had a leg up the whole time. Environment is the biggest factor when it comes to being rich. Just ask Mitt Romney. He was born into it. Born into the perfect environment and deprived of nothing.
  • Just ME... Chris 2012/07/08 15:47:52
    Just MEH....Piwan
    +1
    AGREE! Very sound and truthful!
  • ehrhornp 2012/07/07 18:07:09
    Yes. The rich should pay more taxes.
    ehrhornp
    +2
    The receive the vast majority of the benefits of living in this country so they of course should pay more. These so called job creators do not create jobs. Jobs are created by the middle class through their demand for products and services Squeezing the middle class will not help demand but will only reduce it.
  • AGPhillbin 2012/07/07 17:47:15
    Yes. The rich should pay more taxes.
    AGPhillbin
    +2
    And they should also quit whining about it. They benefit more from the society, and the governmemt, than poor or middle class people do. Welfare, food stamps, social security, and unemployment insurance are peanuts compared to government contracts, federal highways, bailouts for bankers, police protection, etc. that make the continued wealth and power of the rich possible. If you are rich and you don't think so, you are a selfish prick. if you are poor or middle class and don't think so, you are an idiot.
  • ϟM̈ öp̈... AGPhillbin 2012/07/07 21:27:42
    ϟM̈ öp̈vytöϟ
    +1
    I know. Rich people whining about having to pay taxes is pathetic.
  • Rick 2012/07/07 17:44:20
    No. The rich should not pay more taxes.
    Rick
    Listen her you GD Moochers!! aqnd Liberal Loosers O'commie and ILK) if I busted my arse to make money. It's friggin MINE, not Yours! Go bust your arse like I did! If not Shut your friggin Pie Holes and stop your bitchen!!! Don't give me that crap, I did have a chance, other things came up, or better yet- I had to take care of my familty. Take a chance and work harder that is what I did and now you want to penalize me for it! KMA!!!!! many believe like I do. If you keep taking I'll stop making and then see what happens when we don't have enough tax money to give you GD moochers! NADA!!!!
  • ack 2012/07/07 16:41:24
    No. The rich should not pay more taxes.
    ack
    The government need to stop wasting the money it collects.
  • vampire_lord 2012/07/07 15:40:36
    Yes. The rich should pay more taxes.
    vampire_lord
    +2
    they have more money available, they can afford to lose more money
  • rustyshackelford 2012/07/07 15:30:46
  • Chris 2012/07/07 15:10:54
    Yes. The rich should pay more taxes.
    Chris
    +1
    they should pay the same % in tax
  • Kat 2012/07/07 15:09:32
    No. The rich should not pay more taxes.
    Kat
    We should all pay the same %. So in a way they are paying more.
  • merlinskiss 2012/07/07 13:37:12
    Yes. The rich should pay more taxes.
    merlinskiss
    +2
    They should proportionately pay the same rate as everyone else who doesn't get all their "special deductions and tax heaven access."
  • Ian 2012/07/07 13:10:08
    No. The rich should not pay more taxes.
    Ian
    +2
    What do you mean by rich, In France they want to tax the rich at 75% so if you earn 800000 Euros they will take 600000 Euros,what will happen now in France is called the brain drain, they will go to places where they will earn the same has before or more.
    What is needed is a fair system, in the Uk after i go over 150000 UK pound i get taxed at 50%,what insentive do i have for expanding and providing more jobs for the people.
    Why should i work longer and harder so that the tax man get 50% of the money over 150000 earned in tax.
    A fair tax for all, but one thing i do notice all the time, certain people and we all know them. they go on about the rich, rich this, rich that,they do this, they do that.
    There is no law against trying to get to the top, and being rich, you do not have to go to college, a lot of the people who made it never went past high school, but what they had was drive, to work when others slept, to work when their friend were on holidays, to put all on the line.
    You do not have to try to make it big, but lets not all jump on the bandwagon of envy and join the mob who are baying "let them pay more taxes"
    If the tax is too big there will be no people to get to the top,its not the person who does not give a go that provides jobs, its the person who give it a go that provides work.
  • Incognito Ian 2012/07/07 15:06:37
    Incognito
    +1
    blah, blah, blah! Feel sorry for me because I have to participate by paying taxes. Go smoke it in your pipe! So drive is your issue here. Your passion for something is what justifies not paying a progressive tax? The poor are not envious. That is you projecting upon everyone else that thinks differently. What poor people want is a descent wage for a day's work, whether it is cleaning toilets or balancing books. Rich people are unwilling to pay a descent wage for descent living conditions. Enough of this boon-swaggle that the rich are doing this and that! They are leeches. Your defense is based upon greed and how other people should be greedy. We don't need your kind brow-beating everyone. You feel better than everyone else? Go join a country club to preach to the choir to get your nodding-head response.
  • Ian Incognito 2012/07/08 06:51:30 (edited)
    Ian
    What a twat you are, what i say and have always said A FAIR RATE OF TAX, its not right that a woman cleaning the toilet pays more % of her pay in taxes than a millionare.
    Whats progressive about 75% tax,you have not got a clue.
    To get jobs for the people there has to be a FAIR tax for the rich, if the TAX is too much it does not encourage growth, it smothers it.
    I do not feel better than anyone else, i feel sorry for people who want work, but a tax of 75% will not help France or any country.
    If you came up with a idea that would make you millions, create jobs, which tax would you want to pay 75% or a fair tax.
    I am not greedy, i would not like to be so rich that i value nothing,i know one person whose Lambo was scratched, it did not bother him.
    No i would not like to be that rich,he did not care, he held no value to it.
    The government of our countries can help,the importing of cheap goods in from the far east should have a tax levied on it so it is the same price has the one in the USA,UK,
    thus protecting jobs from cheap imports, it would also encourage people to start manufacturing that product because there is a level playing field,to help people start their own business and employ people and get the people back into work.
    To get people to reach for the sky is what they should be...
    What a twat you are, what i say and have always said A FAIR RATE OF TAX, its not right that a woman cleaning the toilet pays more % of her pay in taxes than a millionare.
    Whats progressive about 75% tax,you have not got a clue.
    To get jobs for the people there has to be a FAIR tax for the rich, if the TAX is too much it does not encourage growth, it smothers it.
    I do not feel better than anyone else, i feel sorry for people who want work, but a tax of 75% will not help France or any country.
    If you came up with a idea that would make you millions, create jobs, which tax would you want to pay 75% or a fair tax.
    I am not greedy, i would not like to be so rich that i value nothing,i know one person whose Lambo was scratched, it did not bother him.
    No i would not like to be that rich,he did not care, he held no value to it.
    The government of our countries can help,the importing of cheap goods in from the far east should have a tax levied on it so it is the same price has the one in the USA,UK,
    thus protecting jobs from cheap imports, it would also encourage people to start manufacturing that product because there is a level playing field,to help people start their own business and employ people and get the people back into work.
    To get people to reach for the sky is what they should be doing, most people want to be rich they do not want to be poor,more help for people with ideas,tax incentives to start your own business.
    A FAIR TAX FOR ALL FROM RICH TO POOR, i think taht would be fair do you!
    (more)
  • santa6642 2012/07/07 12:59:55
    No. The rich should not pay more taxes.
    santa6642
    +2
    They pay most of the taxes now, lets spread the wealth and get the free loaders paying their share, That is all those who want free health care , welfare and anything they did not put a dime too. .IF need be lets go to a Flat tax.
  • Incognito santa6642 2012/07/07 15:07:36
    Incognito
    +1
    The rich are not paying enough! They need to invest in society so they can remain rich.
  • Nameless 2012/07/07 12:22:24
    Yes. The rich should pay more taxes.
    Nameless
    +2
    I am not a Christian but Luke 12:48 says "to whom much is given much is required." I raised my daughters with that as one of their foundations.
  • Ian Nameless 2012/07/07 13:14:31
    Ian
    +1
    In the UK we have people who give nothing, they go on holiday twice a year and they are on benfit, they do not pay insurance, tax but get paid cash.
    The bigest drain in the UK is not the rich not paying taxex its the people whao are having a wonderfull time on benefit and not paying any tax or ni througout their lives.
  • Nameless Ian 2012/07/07 18:42:41
    Nameless
    And that means? Besides the fact that what you are talking about is welfare - that is a separate issue from whether or not the rich should pay...
  • engineer 2012/07/07 12:07:52
    Yes. The rich should pay more taxes.
    engineer
    +2
    They haven't earned their money. They have shipped our jobs out, They cut benefits and wages. they have made health care unaffordable. They make salaried people work 60 hours per week to avoid hiring others. they have caused the unemployment problem. All this in the name of ultragreed. They should pay a lot more. ABSOLUTELY!!!
  • Defend ... engineer 2012/07/07 12:16:51
    Defend Western Civlization
    +2
    Well if you hate freedom move to some Muslim terrorist/Socialist hellhole
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