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Reply #60: When your income is that high, it's ten times as easy to earn each additional dollar ... [View All]

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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 11:24 AM
Response to Reply #58
60. When your income is that high, it's ten times as easy to earn each additional dollar ...
... as it is for a blue collar working schlub to earn his first. Climb on the clue train and realize that the 'reality' at that income level isn't the same as flipping burgers in the local cholesterol pusher's.

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  -What's wrong with taxing 90% of income over let's say $5 million Herman Munster  Oct-06-07 05:31 PM   #0 
  - Um, because they can't invest that money and grow the economy?  originalpckelly   Oct-06-07 05:34 PM   #1 
  - The United States economic model is not sustainable  wuushew   Oct-06-07 06:02 PM   #11 
  - Our current system is not capitalism, and therefore I agree.  originalpckelly   Oct-06-07 06:18 PM   #14 
     - Despite my replies to you down thread  davekriss   Oct-06-07 06:44 PM   #24 
  - If you look at the debt balloon...  davekriss   Oct-06-07 06:03 PM   #12 
  - And what do you think they're going to do...  krispos42   Oct-06-07 06:26 PM   #17 
  - They grew it in India, China and Dubai  sandnsea   Oct-06-07 07:14 PM   #32 
  - That's a red herring....  sutz12   Oct-07-07 01:11 AM   #36 
  - Actually, that's not what I'm saying. If you tax income like that...  originalpckelly   Oct-07-07 08:48 AM   #51 
     - income like that is NOT "real income from working"...  QuestionAll   Oct-07-07 09:47 AM   #54 
  - Yea, there were hardly any businesses between 1952 and 1963  gtar100   Oct-07-07 02:22 AM   #44 
  - Wow!!! gtar100!!! Well stated!!!! Bravo!!!  sicksicksick_N_tired   Oct-09-07 10:22 AM   #132 
  - Nothing. n/t  tsuki   Oct-07-07 08:29 AM   #49 
  - Um, governments can also invest money...  JackRiddler   Oct-07-07 10:19 AM   #55 
  - That's how people avoided the marginal tax rates  thecatburgler   Oct-07-07 11:55 AM   #64 
  - This is taxing Income NOT working assets. Stop clouding the issue.  slampoet   Oct-07-07 12:06 PM   #68 
  - And the government would do with this money exactly what?  scisyhp1   Oct-07-07 01:32 PM   #72 
  - Mostly from folks buying houses and savings accounts  ProudDad   Oct-07-07 09:23 PM   #83 
  - Trying to explain economics to DUers is never going to work, I'm afraid.  Donald Ian Rankin   Oct-08-07 08:53 AM   #109 
  - Not a thing...it should be done...and without delay...  movonne   Oct-06-07 05:35 PM   #2 
  - It Worked Fine Then  MannyGoldstein   Oct-06-07 05:36 PM   #3 
  - Yeah, but the Repubs don't let facts stand in the way of a good story.  Selatius   Oct-06-07 06:43 PM   #23 
  - Not a damn thing  catmandu57   Oct-06-07 05:37 PM   #4 
  - I don't have a problem with high tax rates on  cali   Oct-06-07 05:43 PM   #5 
     - We had this argument before  catmandu57   Oct-06-07 06:25 PM   #16 
  - The Brits once had a 105% effective tax on dividends over something like a million pounds - I liked  papau   Oct-06-07 05:44 PM   #6 
  - I'd make it 120% now -- inflation (n/t)  ProudDad   Oct-07-07 09:28 PM   #84 
  - Same thing that is wrong with taxing income above $40,000 at 92%  RGBolen   Oct-06-07 05:48 PM   #7 
  - The top ever marginal FIT was...  davekriss   Oct-06-07 06:18 PM   #15 
  - And nobody paid it. As long as their lawyers are smarter than our  Egalitariat   Oct-09-07 10:50 AM   #133 
  - Golly. It sure did remove the incentive to get rich, didn't it?  TahitiNut   Oct-07-07 01:27 AM   #38 
  - that is wrong, should be 95%.  scarface2004   Oct-06-07 05:52 PM   #8 
  - Has it ever occured to you that someone might deserve money...  originalpckelly   Oct-06-07 05:54 PM   #9 
  - Sure  davekriss   Oct-06-07 06:36 PM   #20 
  - Eh, but you run up against the question of individual desires vs. society's needs.  Selatius   Oct-06-07 06:40 PM   #21 
  - They don't invent things and get rich in a vacuum.  MilesColtrane   Oct-06-07 07:17 PM   #33 
  - Sure...  JackRiddler   Oct-07-07 10:22 AM   #57 
  - Very few wealthy people are inventors or entrepreneurs  thecatburgler   Oct-07-07 11:58 AM   #67 
  - Bullshit!!!  ProudDad   Oct-07-07 09:30 PM   #85 
  - As someone who worked my ass off to get rich...  mainer   Oct-08-07 08:57 AM   #111 
  - This is sarcasm, right? n/t  cali   Oct-06-07 05:56 PM   #10 
  - Nothing is wrong with it.  Kurt_and_Hunter   Oct-06-07 06:10 PM   #13 
  - That just seems so wrong --- that proportion.  aikoaiko   Oct-06-07 06:28 PM   #18 
  - The lions share of that income is unearned income.  Blue Fire   Oct-07-07 12:37 PM   #70 
  - It's anti-business, and America is all about business and materialism.  Selatius   Oct-06-07 06:34 PM   #19 
  - Since you picture Chomsky as your avatar  davekriss   Oct-06-07 06:42 PM   #22 
     - I should've included the sarcasm tag.  Selatius   Oct-06-07 06:45 PM   #25 
        - Understood  davekriss   Oct-06-07 06:57 PM   #26 
        - Ain't gonna get ANY of this  ProudDad   Oct-07-07 09:33 PM   #86 
           - You might be right  davekriss   Oct-07-07 11:07 PM   #100 
        - One of the criticisms I've seen about FDR's rates  SimpleTrend   Oct-07-07 10:09 PM   #96 
  - I would go beyond the Clinton rates, but I don't know about 90%  mvd   Oct-06-07 07:00 PM   #27 
  - Remember the old communist block?  minavasht   Oct-06-07 07:02 PM   #28 
  - Their problem is they didn't really practice "communism"  gtar100   Oct-07-07 02:53 AM   #45 
  - Actually, it would be great.  bemildred   Oct-06-07 07:05 PM   #29 
  - So if I worked incredibly hard  BoneDaddy   Oct-07-07 03:51 AM   #47 
     - If you worked incredibly hard for your money you would be a working stiff.  bemildred   Oct-07-07 08:46 AM   #50 
     - I am not sure what you are saying  BoneDaddy   Oct-08-07 04:32 AM   #106 
     - That would be your MARGINAL tax rate -- you would not be paying nearly as much on your first $5  kath   Oct-09-07 10:03 AM   #129 
  - We need a flat federal tax  krispos42   Oct-06-07 07:11 PM   #30 
  - Any different for dividends or capital gains? Or just earned income?  TahitiNut   Oct-07-07 01:30 AM   #40 
  - The flat tax  ProudDad   Oct-07-07 09:35 PM   #87 
  - In war time, nothing  sandnsea   Oct-06-07 07:13 PM   #31 
  - See, I wouldn't be a HUGE taxer for many people  mvd   Oct-06-07 07:17 PM   #34 
  - I would stop working when I reached $4,999,999.99  StudentLoanSlave   Oct-07-07 12:51 AM   #35 
  - Funny thing... nobody did that. The incentive remained.  TahitiNut   Oct-07-07 01:28 AM   #39 
  - What incentive?  StudentLoanSlave   Oct-07-07 11:10 AM   #58 
     - When your income is that high, it's ten times as easy to earn each additional dollar ...  TahitiNut   Oct-07-07 11:24 AM   #60 
        - You're on the don't-have-a-clue-train my friend  StudentLoanSlave   Oct-07-07 11:35 AM   #61 
           - Reading with comprehension is an essential skill.  TahitiNut   Oct-07-07 11:51 AM   #63 
           - Uhhhhhh.....WHAT?!! n/t  StudentLoanSlave   Oct-07-07 11:56 AM   #65 
           - That's OK, you neednot worry  davekriss   Oct-07-07 08:59 PM   #80 
           - People enter that world all the time... without silver spoons  mainer   Oct-08-07 09:07 AM   #113 
              - Your social circle is not represenative  wuushew   Oct-08-07 11:00 AM   #120 
              - People do NOT enter that world "all the time"  davekriss   Oct-08-07 07:57 PM   #124 
           - So since other marginal tax rates would inevitably be part of such a plan  Gormy Cuss   Oct-07-07 09:21 PM   #82 
           - Sounds pretty damn good to me (n/t)  ProudDad   Oct-07-07 09:42 PM   #90 
              - Yeah, but you and I would be willing to pay the 90% rate on 5M plus  Gormy Cuss   Oct-07-07 10:31 PM   #97 
           - The same freakin' incentive folks had in the 50s and 60s  ProudDad   Oct-07-07 09:40 PM   #89 
  - So would I. You'd be crazy to keep working.  mainer   Oct-08-07 08:58 AM   #112 
  - No, but I do favor high marginal tax rates, if that's what you mean.  Starbucks Anarchist   Oct-07-07 01:21 AM   #37 
  - My accountant  lancer78   Oct-07-07 01:42 AM   #41 
     - 90% marginal tax rate is different.  Starbucks Anarchist   Oct-07-07 02:07 AM   #43 
  - I would support a 90% death tax above that figure...  JCMach1   Oct-07-07 02:04 AM   #42 
  - What the hell is a death tax?  eShirl   Oct-08-07 02:30 PM   #123 
  - Call it what it is - an ESTATE tax.  kath   Oct-09-07 10:08 AM   #130 
  - What's wrong?  BoneDaddy   Oct-07-07 03:48 AM   #46 
  - It would discourage looting by the rich from the masses & is therefore unamerican.  Vidar   Oct-07-07 08:08 AM   #48 
  - I'd rather see them eliminte the cap on FICA  dansolo   Oct-07-07 08:57 AM   #52 
  - And make it progressive, i.e. increase the rates for higher incomes.  bemildred   Oct-07-07 09:39 AM   #53 
  - What's wrong with zero percent income tax on anything up to $100,000  JackRiddler   Oct-07-07 10:21 AM   #56 
  - That's an interesting proposition.  LWolf   Oct-07-07 12:41 PM   #71 
  - You'd be paying taxes  JackRiddler   Oct-07-07 03:30 PM   #74 
     - THIS I like.  LWolf   Oct-07-07 03:54 PM   #76 
        - Unfortunately...  JackRiddler   Oct-07-07 06:53 PM   #77 
           - Thanks for the rec; I'll add it to my list. n/t  LWolf   Oct-07-07 08:41 PM   #78 
  - I got no problem with that  ProudDad   Oct-07-07 09:45 PM   #91 
  - Whats wrong  Thothmes   Oct-08-07 08:37 AM   #107 
     - What's wrong with it is that you didn't get it.  JackRiddler   Oct-09-07 12:01 AM   #125 
        - I now see you point. Thank you.  Thothmes   Oct-09-07 09:24 AM   #126 
  - Because all the rich folks would move to Ireland  AngryAmish   Oct-07-07 11:13 AM   #59 
  - Who needs the FUCKERS -- let 'em leave!  ProudDad   Oct-07-07 09:46 PM   #92 
     - Umm... if everyone who made over $100,000 emigrated...  mainer   Oct-08-07 08:54 AM   #110 
  - why is there any notion that people taxed at that rate still wouldn't be very rich?  xchrom   Oct-07-07 11:48 AM   #62 
  - Fine with me. NT  Eric J in MN   Oct-07-07 11:58 AM   #66 
  - What's wrong is that the percentage isn't high enough  DavidD   Oct-07-07 12:35 PM   #69 
  - When you make over 5 million, the money just ceases to be useful  Evoman   Oct-07-07 02:29 PM   #73 
  - because those who make over $5 million will send someone to squish your head?  yurbud   Oct-07-07 03:32 PM   #75 
  - BUUUUULLLLLSSSHHHHIIIITTT -- NO ONE EVER PAID 90% IN TAXES  Rosemary2205   Oct-07-07 08:47 PM   #79 
  - Your right. Most wealthy people had things like real estate partnerships that they invested in.  Mountainman   Oct-07-07 09:00 PM   #81 
  - Until 86 you could even have tax credit programs  Yupster   Oct-07-07 11:48 PM   #101 
  - And no one ever paid 90% because it was a MARGINAL rate.  kath   Oct-09-07 10:09 AM   #131 
  - If I knew that the tax rate on 5 million was 90 percent.  TheUniverse   Oct-07-07 09:37 PM   #88 
  - And you're going to start making 5,000,000 per year  ProudDad   Oct-07-07 09:47 PM   #93 
     - If Im lucky when Im 60  TheUniverse   Oct-07-07 09:53 PM   #94 
        - That's capital gains  ProudDad   Oct-08-07 02:17 AM   #103 
  - Better -- kick the corp tax rate back up to 47%  wtmusic   Oct-07-07 09:53 PM   #95 
  - I like the way you think!  debbierlus   Oct-08-07 09:17 AM   #116 
  - Several Reasons  maui9002   Oct-07-07 10:35 PM   #98 
  - best answers ever!  mainer   Oct-08-07 08:50 AM   #108 
  - And, we currently do not have a government that would distribute the wealth for the greater good  debbierlus   Oct-08-07 09:20 AM   #117 
  - One of the flaws seems to be stepping higher / lower rates.  SimpleTrend   Oct-07-07 11:04 PM   #99 
  - That's not a bad idea  ProudDad   Oct-08-07 02:21 AM   #104 
  - as someone who lives on $14K/yr... absolutely nothing.  kineneb   Oct-08-07 12:30 AM   #102 
  - Or as Jim Hightower said  ProudDad   Oct-08-07 02:22 AM   #105 
  - That is a bit ridiculous  debbierlus   Oct-08-07 09:14 AM   #114 
  - $5 million isn't worth $5 million any more  slackmaster   Oct-08-07 09:16 AM   #115 
  - You NEED to check this out  ProudDad   Oct-08-07 01:55 PM   #121 
  - Shoot to finx the system 90% isnt needed  comtec   Oct-08-07 10:10 AM   #118 
  - Nobody Paid That  ProfessorGAC   Oct-08-07 10:28 AM   #119 
  - This obscenity MUST be ended!!!  ProudDad   Oct-08-07 01:57 PM   #122 
  - make it 100% over $1 million  leftofthedial   Oct-09-07 09:28 AM   #127 
  - Unfortunately, the guys who could make it happen are millionaires.  Tierra_y_Libertad   Oct-09-07 09:29 AM   #128 
 

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