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In reply to the discussion: In My View, The Wealthiest Should Pay At Least 90% of Our Taxes. [View all]former9thward
(31,970 posts)51. I am a realist.
Scores of nations can now do what only we could 50 years ago. We will not stop jobs from going overseas. We need to greatly expand our social safety net to deal with our increasingly stagnant economy. That will not happen with some war on the rich. We need to drastically reduce our military operations to pay for it. That will result in a major recession but that will come to an end eventually.
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In My View, The Wealthiest Should Pay At Least 90% of Our Taxes. [View all]
grahamhgreen
Aug 2015
OP
Since the military is keeping other countries from taking their wealth away from them
Stargazer99
Aug 2015
#1
The tax rate in the '50 on income over $5 mil was 92% after many brackets below that level.
flamin lib
Aug 2015
#3
Hmmm, appears you're right. I wonder what it looks like when compared to GDP. I'll have a look and
flamin lib
Aug 2015
#30
"Now own more wealth than bottom 90%" does not equal "own 90% of the wealth"
taught_me_patience
Aug 2015
#9
Why tax income instead of wealth? Seems arbitrary to me. In fact, it seems regressive.
grahamhgreen
Aug 2015
#35
Here is the funny thing. I had that conversation once with a Republican and it was great...
stevenleser
Aug 2015
#10
If you read what I wrote, I said income. So no, there was nothing for him to tear me apart on. nt
stevenleser
Aug 2015
#15
Seems to me that wealth is exactly what we should be taxing. Taxing wealth would encourage spending.
grahamhgreen
Aug 2015
#36
Taxes are a mutual investment. If you see them as "punishment" or "theft"
RadiationTherapy
Aug 2015
#43
I suppose. You used the word "punish" which I found to be anti-tax in general.
RadiationTherapy
Aug 2015
#45
My congratulations aren't implying anything except a bit of childish envy on my part.
RadiationTherapy
Aug 2015
#47
The top quintile pays 70% of personal income taxes and receives 50% of personal income
Recursion
Aug 2015
#33
i do not think the govt should ever tax more than 50% while the taxpayer is alive
questionseverything
Aug 2015
#53