Carbon Tax, timing is everything

[JohnnyD]

Originally Posted by detbuch

It's all rather fuzzy to me (maybe some in power want it to be) but it doesn't seem that the people who are worried about putting food on the table are the ones hit hard by the current economic situation. Nor are most who bought homes worried about losing them. And some, I don't know the number, I don't even know if its been broken down for us, or if I could believe it if it were, and some who are in danger of losing their home are living in one much better than mine. Actually, technically, they're not losing it, the bank owns it. It seems to me that there are a lot more people that are above my pay grade that are being hurt by current conditions than at or below it. Maybe, if raising taxes on wealthy people is the solution to the problem, why not, instead, because, surely MANY would undeservedly be getting a tax hike, instead just use stimulus money to pay off the debts of the relatively small sector of poor folks and let all the greedy crooks go under.

This is why I said "if responsible with their money." Some people will never be able to understand the term "living below your means." Those are the people that I don't feel bad for. The ones that bought "the most house they can afford" and took a little more on their mortgage to furnish the house.

It isn't going to benefit the country to take more money from the people that are struggling to put food on the table. Either their kid won't be able to go to college or they'll have to make other major sacrifices in order to survive. At the same token, the people that make $250,000+ should be able to handle an additional tax.

This country is financially f(*&ed at the moment. It's not a matter of the Republican's favorite term "redistribution of wealth." It is a matter of doing the only thing possible to pull the nose up before it crashed right into the ground.

My business has over $250,000+ in revenue. Even though most of that money is reinvested in the business, being an LLC I'm going to get hit with the increased taxes. Yes, it is going to hurt a bit but it's going to hurt even more when there are no customers any more. When people can't afford to travel for our events any more and my clients decided to throw in the towel.

[detbuch]

Originally Posted by JohnnyD

This is why I said "if responsible with their money." Some people will never be able to understand the term "living below your means." Those are the people that I don't feel bad for. The ones that bought "the most house they can afford" and took a little more on their mortgage to furnish the house.

It isn't going to benefit the country to take more money from the people that are struggling to put food on the table. Either their kid won't be able to go to college or they'll have to make other major sacrifices in order to survive. At the same token, the people that make $250,000+ should be able to handle an additional tax.

This country is financially f(*&ed at the moment. It's not a matter of the Republican's favorite term "redistribution of wealth." It is a matter of doing the only thing possible to pull the nose up before it crashed right into the ground.

My business has over $250,000+ in revenue. Even though most of that money is reinvested in the business, being an LLC I'm going to get hit with the increased taxes. Yes, it is going to hurt a bit but it's going to hurt even more when there are no customers any more. When people can't afford to travel for our events any more and my clients decided to throw in the towel.

I live in a poor neighborhood. I doubt if anybody in it pays a federal income tax. I don't know the actual numbers or even if it's true, but I've heard that 51% of those who receive some form of compensation, either employment, pension, Soc. Sec., etc., don't pay federal income tax. No one I know is having trouble putting food on the table. A lot of them eat more (not better) than me with food stamps. I doubt that any of them would be your clients under any circumstance. Those that are or would be probably do pay fed taxes and would be helped more by a tax cut rather than taxing a wealthier person more. I also don't know but have heard that the wealthiest 2% or 4% or some small number currently pay 40% of the fed income taxes. It just seems like some kind of failure in our "system" that whenever there is a supposed financial crisis the most brilliant thing we can think of is to tax the rich.

[EarnedStripes44]

Originally Posted by detbuch

I also don't know but have heard that the wealthiest 2% or 4% or some small number currently pay 40% of the fed income taxes.

Nonetheless, the rich are doing just fine and have been for the better part of the last 3 decades.... thank you very much.

I'd like to know the size of the slice of the aggregate income pie the the wealthiest 2% or 4% have made their own. And more importantly, how that slice has grown over the last dozen or so years.

I think Johnny summed it up well, you can't get water from stone.

[buckman]

Originally Posted by EarnedStripes44

Nonetheless, the rich are doing just fine and have been for the better part of the last 3 decades.... thank you very much.

I'd like to know the size of the slice of the aggregate income pie the the wealthiest 2% or 4% have made their own. And more importantly, how that slice has grown over the last dozen or so years.

I think Johnny summed it up well, you can't get water from stone.

Damn them rich bastards. I hate them all.

I would like to know the slice of the tax burden these bastards are paying. And more importantly, how that slice has grown over the last dozen or so years.