Toooooo much money

[1stSeaRay]

And my answer to your little "story" of please stay Mr. Rich guy is: Tell them to not let the door hit them in the ass on the way out!
If they don't think its a privilege to live in this country and they don't recognize that their success is because of this country they should go and good riddance!

So if 1% of the people left, taking 60% of the tax revenue with them, what exactly do you think would become of the 40%-50% who have been living off their money? Are you going to pick up the slack?

Any chance you are actually going to support your opinion with any of the facts you keep talking about? Looking at some of your other threads, it doesn't appear you do that much.....in that case I'm done.

 

[Pack66Dad]

Your the one who said YOU should pay more taxes, then pay more taxes.:smt043:smt043

Still not getting the point Jacky boy..... oh, well doesn't make you a bad guy:smt001

 

[jason78]

So the death tax is all about spreading the wealth. The premise that concentrations of wealth in a certain family affects the amount of wealth that another family can have is plain stupid, and ridiculous. Here's a thought. How about instead of stealing money from the wealthy, the government control spending. Do what obama said he was going to do when he debated McCain and start from square one, to cut spending. Of course, the idiot dropped that promise immediately and has never brought it up again, in fact, he went on the biggest spending spree in history. Totally pathetic.

There should be no "Death Tax" at all. Someone spends their whole life building a nest egg and the govt thinks they are entitled to another chance at it when someome dies rather than the person being able to leave it to someone. Don't forget that when the money was earned it was taxed as income, interest income, capital gains or whatever. If it is property or physical assets then it has been taxed with property tax from the time of ownership. How much tax is enough? Hell, you can't even give someone a gift of your own money or property over $x without it being taxed.

Want to Pay Higher Taxes Packman? Go ahead!


Afund that allows any citizen who wishes to donate funds to the U.S.government. It’s called the “Gifts to the United States Government Fund.” According to the Department of the Treasury’s own website, this fund was established in 1843 for citizens to donate gifts, such as bequests, “from individuals wishing to express their patriotism to the United States.” Conveniently, the Treasury then provides the mailing address to which checks or money orders may be sent.

They could do this even easier by just not claiming any excemptions or deductions on their tax. I have repeated this statement several times here and none of them have ever commented on it. They won't do that. Even the ones that are whining about their tax being too low won't do it- probably because it is too logical.

 

[Pack66Dad]

So if 1% of the people left, taking 60% of the tax revenue with them, what exactly do you think would become of the 40%-50% who have been living off their money? Are you going to pick up the slack?

So you honestly think if they leave "all will be lost"? Do you understand the principals of vacuum? It would open opportunities for many more entrepreneurial types, wouldn't it?

And if you think the ones threatening to leave don't understand this your sadly mistaken. Its a bluff and its high time we call it.

 

[Pack66Dad]

So the death tax is all about spreading the wealth. The premise that concentrations of wealth in a certain family affects the amount of wealth that another family can have is plain stupid, and ridiculous. Here's a thought. How about instead of stealing money from the wealthy, the government control spending. Do what obama said he was going to do when he debated McCain and start from square one, to cut spending. Of course, the idiot dropped that promise immediately and has never brought it up again, in fact, he went on the biggest spending spree in history. Totally pathetic.

The notion that the great depression was the "Republican Great Depression" is moronic as well. Both parties were equally responsible for the great depression of 1929, but the democrats love to rewrite history, don't they?

[youtube]Ubmjc83yAtI[/youtube]

Did you miss this part sferg or did you just choose to ignore it?

"The origin of the estate tax -- also the reason for subsequent increases -- was not merely to produce revenue but to limit the concentration of wealth. Wealth equates to economic power and thence to political power, and that is inimical to a democracy of the people.

 

[Four Suns]

So you honestly think if they leave "all will be lost"? Do you understand the principals of vacuum? It would open opportunities for many more entrepreneurial types, wouldn't it?

And if you think the ones threatening to leave don't understand this your sadly mistaken. Its a bluff and its high time we call it.

You wouldn't know how the non-union entrepreneurial spirit worked if it landed on your door.

Let me give you a quick example how your "rich" classification can impact small business owners. Let's say you build a small company up from scratch, live on modest means (less than a union labor job), and then decided to sell the business and retire. All your worth is in the business. You sell it for $2M (that's about $100K/year of growth)... Well... now Mr. entrepreneur is "rich" for that one year so Mr government takes 75% of it.. so after taxes, the government leaves him with $300,000 in cash after paying the 75% tax above $250K and the tax on the base $250K... That's right... what the hell is the point of building a business? Nothing... No investor will invest, no entrepreneur will take the risk because leeches like you think one should never make that much regardless of how they got it.

Again, you sound like an uneducated, bitter and jealous fool because you wasted your life away whining. I got a better idea... instead of the capitalist people leaving a country founded on free will and capitalism, why don't you and all the leeches leave the country and move to a place where your views fit in. There are plenty of examples out there (France, Spain, Greece and a few other bankrupt examples come to mind).

 

[mwph]

I got a better idea... instead of the capitalist people leaving a country founded on free will and capitalism, why don't you and all the leeches leave the country and move to a place where your views fit in. There are plenty of examples out there (France, Spain, Greece and a few other bankrupt examples come to mind).

I've been following along, reading, learning a little, laughing a little. The whole time wanting to suggest that someone "Pack" his sh!t & get the helll out.

 

[Pack66Dad]

I disagree with the premise that wealth can be so concentrated that it affects other's ability to gain it. The Kennedy's have shown that wealth can buy power, I don't disagree there, but this can be handled in other ways than taxing the estates.

Do you really believe this is effective? Then explain to me why the Kennedy's are still rich and powerful? Explain that little gem, please, I'd love to hear it.

Now, did you watch the video I linked, or just ignore it like so many other truths that have been pointed out in all our discussions?

I don't think the problem is "wealth can be so concentrated that it affects other's ability to gain it". I think its that concentrated wealth causes a lack of balance in our political system. In other words the tail starts wagging the donkey.

And as for the Kennedy's, they have payed estate taxes and seem to have done just fine. So whats the big deal?

 

[Jack F]

And as for the Kennedy's, they have payed estate taxes and seem to have done just fine. So whats the big deal?

I know its old but???

[youtube]http://www.youtube.com/watch?v=AbDwbUZar0o[/youtube]

 

[Pack66Dad]

I've been following along, reading, learning a little, laughing a little. The whole time wanting to suggest that someone "Pack" his sh!t & get the helll out.

another fan..... how lovely :lol:

Keep reading, this place is great! Where else can I get the truth out to so many conservatives, tea baggers and ditto heads like yourself?:huh:

If what I say isn't making you a little "uncomfortable" with your current political beliefs I doubt anyone would respond to my posts...... :wink:

 

[Jack F]

If what I say isn't making you a little "uncomfortable" with your current political beliefs I doubt anyone would respond to my posts...... :wink:

What makes me "uncomfortable" is how many people think like you.

 

[Pack66Dad]

I hate to say it Pack, but if this was any other time than winter, you'd be on everyone's ignore list. I can only speak for myself, but I have nothing better to do than marvel at the idiocy of the things you come up with. While I occasionally find it irritating, it does provide some entertainment value, not much, but it's better than shoveling snow.

glad I can be here for you sferg..... you know you like me you just can't stand my politics. And who the heck has time for this place in the summer anyway?

 

[mwph]

To your 3 points...

1. You have no clue as to my political beliefs. Don't act like you do.
I was only making a suggestion.

2. You defend the Kenedy family, then call me a ditto head.
Sad. Funny, but sad.

3. If your goal here on CSR is to see how many responses your thread gets, then you have achived a high level success ie...You are rich! NOW PAY YOUR FAIR SHARE.

 

[Pack66Dad]

What makes me "uncomfortable" is how many people think like you.

yes, I would say 51% of the population thinks like me (example: Fifty-one percent of registered voters say that Congress should let the new health care reform law continue as is or change it so that it does more, according to a McClatchy/Marist Institute poll conducted Nov. 11-15).

I would be uncomfortable if I thought your way too.

 

[Pack66Dad]

To your 3 points...

1. You have no clue as to my political beliefs. Don't act like you do.
I was only making a suggestion.

Ever heard the saying "stay out of the kitchen if you can't take the heat"?

I learned the hard way that in CSR's holding tank if you post, your fair game. :thumbsup:

 

[mwph]

I have taken more heat in my life than you could possibly imagine. Again, you have no clue. You suggest I get out of the kitchen after I suggested you get out of the country. Good one. Whats next? Your house is in a nicer neighborhood than mine?

Another thought on your name calling...

I'm a ditto head, yet your posts are cluttered and littered with links and quotes to other peoples work. Brilliant.

 

[Turtlesboat]

I think all redistribution of wealth fans need to break out their passports, dust them off and start traveling the world. Actually go visit countries that practice this and see what it's like. The first thing you'll notice is that it does NOT fix income inequality. Never has and never will. The other thing you'll notice is that if you build a ghetto, they will come. RIO is IMO the best example of that. Here is a communist government looking out for the people. It all looks beautiful and magical until you ask... Hey, what's with all those home looking things over the mountain? "That's the Favela's, you don't want to go over there". So of course I go... HOLY CRAP!!!

 

[sbw1]

Then show your analysis on how the top 2% (or 1%) are paying less taxes than you... I am very curious.

I had my mother call me and tell me she is sick and tired of paying more taxes than the "rich." She pays no taxes... I told her that... she hasn't filed a return in years because she doesn't make enough. So you must be watching the same channel she is.

Not even sales or real estate taxes??

 

[Four Suns]

Not even sales or real estate taxes??

Well... I'm sure she pays sales taxes but I own the house.

 

[320Bob]

Pack I won't resort to name calling or question your intelligence, just your interpretation of the facts. The lot of the middle class you so ardently defend has gone down over the past one or two decades because people in other countries are willing to perform the same work for less money. How does taxing the top 2% of income earner's change that? Next, you appear to assume that those same top wage earners take the marginal dollars they earn after tax and buy a can of caviar or put it in a Swiss bank account to hide it from the US government. For the most part that is not true. These folks invest those marginal dollars either in financial assets like stocks, start new or expand exisiting businesses as Gary has alluded to many times, or give to charity. All three of these things benefit others outside the wealthy including your middle class folks. Finally taxing estates heavily is a throw back to the "robber barons" of the late 1800's who engaged in somewhat unscrupulous business practices that the Sherman Anti-Trust Act put an end to. Since large estates are generally divided among more than one person, the wealth is essentially diluted rather than concentrated as you allege. The Government would only spend the extra taxes it gets through redistribution. The weathly invest it. Investment creates wealth either through asset appreciation or job creation. Either of these has a higher economic multiplier than the government spending. So tell me and the others precisely what would be a fair share of taxation if 35% is not and what is your economic not emotional basis for it.