General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow to persuade rich people to pay more taxes?
http://www.vox.com/2016/4/27/11433650/taxes-rich-people?utm_campaign=voxdotcom&utm_medium=social&utm_content=wednesday&utm_source=facebook<snip>
Stephen Schwarzman CEO of Blackstone, the fabled private equity firm lives well. He made the news in 2007 when he staged a $3 million 60th birthday party for himself and several hundred of his closest friends at the Armory on Park Avenue. According to Gawker's coverage of the event, "Rod Stewart was paid $1 million to perform for the assembled guests; Patti LaBelle sang 'Happy Birthday.' And the room was designed to replicate Schwarzman's $40 million co-op at 740 Park Avenue."
But Schwarzman believes the government is taking far too much of "his" money. He, like many other superrich people, hates paying taxes.
James Surowiecki, an economics writer for the New Yorker, offered these thoughts on Schwarzman:
He recently grumbled that the U.S. middle class has taken to "blaming wealthy people" for its problems. Previously, he has said that it might be good to raise income taxes on the poor so they had "skin in the game," and that proposals to repeal the carried-interest tax loopholefrom which he personally benefitswere akin to the German invasion of Poland.
....more
onecaliberal
(32,852 posts)Thinkingabout
(30,058 posts)kentuck
(111,089 posts)Democrats do not want poor people to pay any taxes and they want to give tax breaks to the middle class, all the while knowing and understanding that the rich are paying less and less, and not understanding that we cannot make this country greater if no one pays taxes.
jwirr
(39,215 posts)hidden taxes.
NV Whino
(20,886 posts)Thinkingabout
(30,058 posts)released he is in the top 6% and paid 9% in taxes, this is just one example. Romney paid about 14% taxes and he is in the 1%, this is not fair to the many who are in the $50,000 or less brackets.
Warpy
(111,255 posts)and the only way to avoid such taxes is to provide seed money to restart industry in the US.
The poorest already have "skin in the game," they are working all the thankless jobs other workers rely on. Raising their wages to a level where they'd be able to afford paying taxes would be a good thing, stimulating the demand side of the economy while shoring up programs like Social Security.
IOW, we need a massive clawback to restart the money pump, an item that has always worked from the bottom up.
KatyMan
(4,190 posts)Might turn them around.