Tax the Rich Some More
I think it’s about time that the rich in this country pay their fair share. It’s not fair that some people in this country make so much money, while others work hard to make ends meet. I think we should make the wealthiest 1% pay more in taxes to relieve the burden from the working class.
Let’s say that someone makes $20 million dollars a year. Do you mean to tell me that they couldn’t “struggle” to “Survive” on $2 million? They don’t even do anything with that money that benefits the worker anyway.
What about the working man? What about the construction worker, the person working the assembly line at the auto manufacturer, and the mechanic? What do the rich do to help them out? Nothing. Nothing except get rich off the backs of the poor, oppressed, exploited workers.
Let’s look at what the rich do with their money. They buy luxury cars, but how does that help out the auto assembly line worker? How does that help out the mechanic? It doesn’t. They buy big mansions that are way bigger than anything they need to live comfortably, but does that help the exploited construction worker? No. They buy yachts, but does that benefit the disadvantaged boat painter any. Hell no!
The only way to balance the scales is to punish the wealthiest one percent by raising their taxes. The rich contribute nothing to the quality of life for the working class, and it’s about time that we stuck it to them and got even.
Category: Caustic Sarcasm
2004–2012
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Yeah! Screw the rich and all their wealth generating! It’s not like they create jobs or anything.
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And you really have to twist their arm to pull the 18 million out of Grandma’s mattress, and put it in the stock market. Just forget the middle man. Take it all now and buy efficient, humane government services with it. I can think of no better steward for our future.
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Please tax them some more. I really need a new hammer and sickle and taxing the rich more means that I’ll have more money…doesn’t it?
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How many of the rich are rich due to actually having added that much value, and how many are rich due to exploiting holes in capitalism, and profiting from the efforts (and even exploitation) of others?
I don’t know the answer. It is just something to think about.
It is the poor who do not pay their fair share of taxes, but they can’t.
So maybe we should have a program to have the poor do public service as a form of “taxes”.
Maybe the government should stop subsidizing so many things, so that fewer total taxes need to be paid.
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how many are rich due to exploiting holes in capitalism, and profiting from the efforts (and even exploitation) of others?
In this country, very few. Those who do are subject to criminal penalties.
Maybe the government should stop subsidizing so many things, so that fewer total taxes need to be paid.
Yep.
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When I refer to “holes in capitalism” I am referring to those not yet patched (meaning no law against them).
I consider anything where a person can profit, in great excess of the value added (or without adding any value) to be such a “hole”. Without these holes, along with a requirement for paying external costs, capitalism could be a very fair system.
(I realize my statement is somewhat idealistic, and actual measurement could be very very complicated).
So should the rich pay more taxes, and is it a punishment to have them do so?
They do have more to protect, but that does not mean they take up more of the tax funded resources.
So maybe the tax system should go more like this:
1) Some minimal cost of living as non taxable income based on a cost of living index and family size. (based on some index, NOT a set amount so there is no need to continually change the tax law to account for inflation/deflation)
(No deductions, family size and some level of housing costs are all part of this base non-taxable amount).
2) 50% of all income after that point, up to an amount considered a persons fair share.
[fair share would be calculated based on number of people divided by amount of federal budget to be paid by individual tax payers. More family members would increase a person's fair share, but also increase the amount qualified for no tax.]
3) a lower percent (maybe 20%) on all income after the point one has already paid their fair share, to cover what the very low income people can’t afford of their own fair share.
After fair share is paid, There would be a deduction for savings up to some set amount per year, to encourage saving for retirement.
Tax averaging would be allowed. i.e. if I paid more than my fair share last year due to high income, and I now had a much lower income, I could credit some of the extra paid in previous years toward my fair share in future years if my income drops (which is starting to become more common as our middle class jobs compete with cheap over seas labor).