@36. goy:
- Payroll taxes are regressive because they don’t cover all earned income…
Payroll taxes don’t apply to all earned income…
That what I just said.
The size of the pie has barely been growing, and the rich are taking almost all the growth. Productivity has gone up, but incomes have not. The only substantial correlation to more income is being rich to begin with.
Blaming the Democrats for the current crisis is dishonest, and you know it.
You want to tax people based on their “share” of total income, which is absurd.
Why is this absurd? A penalty is punishment – there is no punishment here. I’m advocating for a reasonably progressive tax regime that would prevent the kind of situation we currently find ourselves in. Good for all.
I want to tax people according to their ability to pay. That’s not arbitrary – it is common sense. The rich get richer by extracting productive effort from workers, who are reimbursed less than the value of their contribution.
If 5% of the tax-filing public earns more than 50% of the income, more than 50% of the taxes collected ought to come from that same group. Is this so hard to understand? Or should we all pay a flat fee to be American citizens? What is your ideal tax structure? Obviously my idea of fair is different from yours.
- You can generate wealth all you want, but that doesn’t mean it is infinite.
You just contradicted yourself, Zippy. If I “can generate wealth all I want” then the potential for generating wealth is BY DEFINITION, infinite. Again – contact your university. Request a refund immediately.
If you want infinite wealth, you’re just an idiot. Go ahead and generate wealth as fast and as efficiently as you like – you will never generate infinite wealth. Are you truly that dense?
- Our economy depends on consumers to consume.
… The real problem – one of them, anyway – is that consumers have been consuming well beyond their ability to cover the cost.
I agree. I think the solution is to implement tax policy to ensure that income distribution is fair enough for consumers to consume at a level that can maintain the economy. Half of our nation subsists on wages so meager that they can’t meet a basic standard of living. An economy based on consumption cannot endure when consumers are impoverished.
Based on your arguments, you think any and all socialism is bad. I disagree.
Peace.
DS
