naaman fletcher
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Mon Jan-26-09 02:26 PM
Response to Reply #111 |
| 112. that's two different issues.. |
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1. Capital markets are needed. Without capital markets, companies can't raise money. There would be no microsoft, google, ford, gm, municipalities would not be able to issue bonds.
2. But, the scum take a big piece for themselves, and that needs to be corrected.
3. Friedman was talking about monetary policy, and correctly said that the Fed doesn't know what they are doing any more than a simple computer based rule.
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| -A fair estate tax plan: Tax the fuck out of Billionaires when they die |
pilsner |
Jan-23-09 10:46 AM |
#0 |
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Why wait for them to die? |
Oregone |
Jan-23-09 10:47 AM |
#1 |
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exactly! |
robinlynne |
Jan-23-09 11:07 AM |
#19 |
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If you did that... |
naaman fletcher |
Jan-23-09 10:48 AM |
#2 |
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Hahahaha |
Stinky The Clown |
Jan-23-09 10:49 AM |
#3 |
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I guess, its true though.. |
naaman fletcher |
Jan-23-09 10:50 AM |
#7 |
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Spending it is fine by me. |
deadmessengers |
Jan-23-09 10:57 AM |
#14 |
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its a tradeoff between consumption and investment |
naaman fletcher |
Jan-23-09 11:10 AM |
#20 |
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Yes and no. |
Selatius |
Jan-24-09 05:40 PM |
#97 |
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In the first place, spending billions ain't easy, the most likely ways to do it are |
greyhound1966 |
Jan-23-09 01:04 PM |
#42 |
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When tax rates are high, the rich look for ways to reduce |
formercia |
Jan-24-09 08:43 AM |
#85 |
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Which is why we need a complete overhaul of the tax code. The first step; scrap the whole thing. |
Greyhound |
Jan-24-09 12:30 PM |
#87 |
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The good 'ol trickle down bullshit about rich folks. |
Ikonoklast |
Jan-23-09 03:40 PM |
#73 |
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what don't you understand? |
naaman fletcher |
Jan-23-09 11:51 PM |
#76 |
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If you think the wealthy leave their money in a 'bank' |
Ikonoklast |
Jan-24-09 12:39 AM |
#78 |
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i understand it well.. |
naaman fletcher |
Jan-24-09 02:26 PM |
#92 |
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Yeah, this is just what Madoff and Thain were thinking... |
JackRiddler |
Jan-24-09 08:09 PM |
#103 |
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I have absolutley no idea |
naaman fletcher |
Jan-26-09 11:08 AM |
#106 |
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The modern-day capital markets serve the purpose... |
JackRiddler |
Jan-26-09 12:36 PM |
#108 |
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ok.. |
naaman fletcher |
Jan-26-09 01:56 PM |
#110 |
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Do we need capital markets? |
JackRiddler |
Jan-26-09 02:09 PM |
#111 |
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that's two different issues.. |
naaman fletcher |
Jan-26-09 02:26 PM |
#112 |
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and all those billionaires keep all thier money in American banks, right? |
Donnachaidh |
Jan-24-09 08:01 AM |
#83 |
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it doesn't matter all that much.. |
naaman fletcher |
Jan-24-09 02:27 PM |
#93 |
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Apparently you don't understand how our monetary system works. |
Greyhound |
Jan-24-09 12:24 PM |
#86 |
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I understand it well.. |
naaman fletcher |
Jan-24-09 02:27 PM |
#94 |
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"Money in a bank account gets loaned out to others to buy houses, start businesses, etc." |
Greyhound |
Jan-24-09 03:00 PM |
#95 |
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of course, |
naaman fletcher |
Jan-26-09 11:09 AM |
#107 |
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Which is why it's a good policy. Hoarding wealth is not good for the economy. |
anonymous171 |
Jan-24-09 12:30 AM |
#77 |
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Great! |
JackRiddler |
Jan-24-09 12:46 PM |
#88 |
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"$30million"...??? |
QuestionAll |
Jan-23-09 10:50 AM |
#4 |
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Better Plan |
zorahopkins |
Jan-23-09 10:50 AM |
#5 |
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Is that what Warren Buffett and Bill Gates did? |
mainer |
Jan-23-09 12:20 PM |
#32 |
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Gates, definitely yes. Buffet is arguable. |
greyhound1966 |
Jan-23-09 01:07 PM |
#43 |
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Then a good chunk of Congress has committed "great crimes" |
guardian |
Jan-23-09 01:54 PM |
#60 |
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Of course they have. Pelosi and Feinstein alone could fill a page with |
Greyhound |
Jan-23-09 02:13 PM |
#61 |
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Yeah, that John Kerry! Lock him up for marrying the wrong woman... |
mainer |
Jan-23-09 02:36 PM |
#64 |
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Look into the history of the Heinz corporation, you will find the crime. n/t |
Greyhound |
Jan-23-09 03:39 PM |
#72 |
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OMG, you just discovered the ruling class... |
JackRiddler |
Jan-24-09 12:48 PM |
#89 |
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Buffet didn't get rich committing crimes.. |
naaman fletcher |
Jan-23-09 02:20 PM |
#62 |
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As I said, he is arguable. Berkshire-Hathaway frequently does good for |
Greyhound |
Jan-23-09 02:37 PM |
#65 |
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Nah. That would just encourage them to launder it. |
Occam Bandage |
Jan-23-09 10:50 AM |
#6 |
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Good! They should spend that money! Circulate it back into the economy instead of hoarding it! |
w4rma |
Jan-23-09 10:53 AM |
#11 |
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Rotting in a bank? Where it can be used to fund other businesses? |
mainer |
Jan-23-09 12:17 PM |
#29 |
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I personally would like to see graduation. |
deadmessengers |
Jan-23-09 10:51 AM |
#8 |
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The problem with a graduated estate tax |
pilsner |
Jan-23-09 10:55 AM |
#12 |
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That's a problem with Congress, not with graduation |
deadmessengers |
Jan-23-09 10:56 AM |
#13 |
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Tax 'em to death right now |
Stinky The Clown |
Jan-23-09 10:51 AM |
#9 |
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Bad Idea |
BanTheGOP |
Jan-23-09 12:22 PM |
#34 |
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And the differece between 30 million and the 10 your postulate as correct |
Stinky The Clown |
Jan-23-09 12:40 PM |
#38 |
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Frankly, it's more of a psychological amount |
BanTheGOP |
Jan-23-09 12:53 PM |
#40 |
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That right, lets wipe out George Soros bank acount |
Thothmes |
Jan-23-09 03:32 PM |
#71 |
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Gotta start some place |
Stinky The Clown |
Jan-23-09 03:46 PM |
#74 |
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if that would mean getting at Prescott Bush's *fortune* too, go for it. |
Donnachaidh |
Jan-24-09 08:06 AM |
#84 |
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Oh, what would the world do without the glorious humanitarian billionaires... |
JackRiddler |
Jan-24-09 12:50 PM |
#90 |
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How many bucks has Soros or Kennedys given to the causes |
Thothmes |
Jan-24-09 05:58 PM |
#98 |
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Zero. |
JackRiddler |
Jan-24-09 06:50 PM |
#101 |
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How many bucks have Scaife, Coors, etc. given to fight |
hay rick |
Jan-24-09 07:00 PM |
#102 |
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I'm all for taxing the evil, rich bastards. |
Xenotime |
Jan-23-09 10:52 AM |
#10 |
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Tax the heirs... |
TreasonousBastard |
Jan-23-09 10:58 AM |
#15 |
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Amen. This country was founded partly as a reaction to landed gentry. |
Coventina |
Jan-23-09 11:01 AM |
#17 |
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Naw! Let's leave it for their spoiled spawn. |
kentuck |
Jan-23-09 10:59 AM |
#16 |
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That's the ticket! |
ShortnFiery |
Jan-23-09 11:02 AM |
#18 |
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Once they're dead, there shouldnt' much fuck left in them to tax |
Bucky |
Jan-23-09 11:12 AM |
#21 |
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Wealth tax. 5% of anything over a million. Each year. |
Clear Blue Sky |
Jan-23-09 11:17 AM |
#22 |
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Interesting.. |
naaman fletcher |
Jan-23-09 11:48 AM |
#23 |
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So the family that bought early in California and now has a $1M house |
HardcoreProgressive |
Jan-23-09 12:09 PM |
#26 |
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I'm not entirely disagreeing with you, but with this type of tax structure you would |
greyhound1966 |
Jan-23-09 01:21 PM |
#45 |
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Prop 13, like many of our tax laws, had good goals and lousy implementation |
HardcoreProgressive |
Jan-23-09 01:44 PM |
#52 |
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Including real estate? |
mainer |
Jan-23-09 12:12 PM |
#27 |
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Inflation makes this punitive and unproductive... |
JackRiddler |
Jan-24-09 12:54 PM |
#91 |
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Great Post! |
terisan |
Jan-23-09 11:51 AM |
#24 |
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Going to have to fix a number of laws and the tax system first. |
HardcoreProgressive |
Jan-23-09 12:07 PM |
#25 |
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So lets use your idea for a minute... |
Belial |
Jan-23-09 12:16 PM |
#28 |
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And when the current have-nots become the haves... |
mainer |
Jan-23-09 12:18 PM |
#30 |
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Ahhh... perhaps the poor? The jobless? The homeless? |
BanTheGOP |
Jan-23-09 12:18 PM |
#31 |
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ahh.. so punish the many because of a few? |
Belial |
Jan-23-09 12:44 PM |
#39 |
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"Tax the Rich. Feed the Poor. Til there are no Rich No More" |
leftstreet |
Jan-23-09 12:22 PM |
#33 |
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The commons and a rising basic living standard. |
greyhound1966 |
Jan-23-09 01:24 PM |
#46 |
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Is it really that hard to figure out? |
Hugabear |
Jan-23-09 01:49 PM |
#58 |
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ME!!!!!!!!! |
olegramps |
Jan-24-09 06:03 AM |
#80 |
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Sure, you too!!!! |
JackRiddler |
Jan-24-09 08:17 PM |
#104 |
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I think tax level is less of an issue than tax enforcement here. |
Donald Ian Rankin |
Jan-23-09 12:22 PM |
#35 |
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Both are absolutely valid. |
greyhound1966 |
Jan-23-09 01:30 PM |
#48 |
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Not enforcement, revision. The people paying very little are following the law |
HardcoreProgressive |
Jan-23-09 01:45 PM |
#54 |
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taxing the rich? |
madrchsod |
Jan-23-09 12:31 PM |
#36 |
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This would pretty much wipe out many retirement plans |
mainer |
Jan-23-09 12:36 PM |
#37 |
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Under a just retirement system... |
BanTheGOP |
Jan-23-09 12:55 PM |
#41 |
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I already contribute to a "general fund." It's called Social Security. |
mainer |
Jan-23-09 01:32 PM |
#49 |
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You are forgetting... |
BanTheGOP |
Jan-23-09 01:39 PM |
#51 |
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Retirees already get subsidized health care -- Medicare. |
mainer |
Jan-23-09 01:46 PM |
#55 |
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A comprehensive single-payer health care system... |
BanTheGOP |
Jan-23-09 03:50 PM |
#75 |
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Your scenario assumes $1,000,000 sitting in a safe as cash. That is not how |
greyhound1966 |
Jan-23-09 01:38 PM |
#50 |
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We all now know that 3% isn't guaranteed. |
mainer |
Jan-23-09 01:45 PM |
#53 |
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Government bonds are guaranteed and that's the kind of investment you make |
Greyhound |
Jan-23-09 02:34 PM |
#63 |
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And that's what I've been doing. |
mainer |
Jan-23-09 02:38 PM |
#66 |
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I didn't know you were a billionaire. I guess you'll just have to eek out an existence |
Greyhound |
Jan-23-09 02:40 PM |
#67 |
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I'm responding to the "5% wealth tax for anything over a million" |
mainer |
Jan-23-09 02:42 PM |
#68 |
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OIC, sorry. I thought this was still about the 90% estate tax. |
Greyhound |
Jan-23-09 02:50 PM |
#69 |
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btw, getting Alzheimers costs way more than $50,000 a year. |
mainer |
Jan-23-09 01:48 PM |
#57 |
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Why couldn't government do that? |
Hugabear |
Jan-23-09 01:51 PM |
#59 |
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"Permanent exemption level" would be the kiss of death - think Alternative Minimum Tax |
ThomWV |
Jan-23-09 01:12 PM |
#44 |
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All that would do is raise prices on goods and services for all us peons. n/t |
Contrary1 |
Jan-23-09 01:28 PM |
#47 |
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If progressive taxation is hopeless, then shouldn't we just give up and all become Pubs? nt |
Romulox |
Jan-23-09 01:47 PM |
#56 |
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Surely there are other options... |
blindpig |
Jan-26-09 02:31 PM |
#113 |
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Reich-wing propaganda, just like it's retarded cousin "corporations don't pay taxes". |
Greyhound |
Jan-23-09 02:54 PM |
#70 |
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That's . . . er. . . . kind of silly. |
HughBeaumont |
Jan-24-09 07:34 AM |
#82 |
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Adjust the exemption levels to inflation to be fair |
Blue Dog Dominion |
Jan-24-09 04:03 AM |
#79 |
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$3.5M exemption would affect one half of one percent of estates |
TorchesAndPitchforks |
Jan-24-09 07:17 AM |
#81 |
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Q) Who DOESN'T want to be a Millionaire? |
Blue Dog Dominion |
Jan-24-09 05:25 PM |
#96 |
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Exempt $15 million individual, $30 million for a couple |
pilsner |
Jan-24-09 06:06 PM |
#99 |
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Married people should not get higher exemptions |
Blue Dog Dominion |
Jan-24-09 06:15 PM |
#100 |
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He didn't propose that. If one person gets $15 mil, shouldn't two get $30 mil? |
Egalitariat |
Jan-26-09 01:08 PM |
#109 |
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...or a multiple of the minimum wage. |
yowzayowzayowza |
Jan-24-09 11:24 PM |
#105 |
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