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OurBroker
2011 Apr 5, 7:09am
Incidentally, the new Republican budget cuts now include a top tax rate for the rich of 25%.
http://www.accountingtoday.com/news/House-Republicans-Aim-Lower-Top-Tax-Rate-25-Percent-57923-1.html
In other words, of course we'll have a deficit if no revenue is collected. This is one sure way to downsize the government -- if you don't mind the loss of benefits that most people will experience.
OurBroker
2011 Apr 5, 11:30am
Shrenk --
I pay taxes that support local schools though my children have graduated. You pay taxes to pave roads where you will never travel.
So, yes, some people will pay taxes where they do not directly benefit. That's the way the system works.
OurBroker
2011 Apr 5, 11:45am
Shrek --
We all do a lot of things we would prefer not to do. Think of the people drafted to serve in Vietnam or the people who serve on juries.
If the biggest price someone has to pay to live in our society is higher taxes then they are rich indeed.
OurBroker
2011 Apr 5, 12:54pm
>>>So, slavery is slavery no matter what kind of spin you put on it
There is a cost to living in a civil society. If you don't think so, please move to a place with low taxes, no government healthcare and no regulation. You'll like Haiti. Oh, by the way, Haiti has cholera and malaria, diseases even the rich can contract.
American in Japan
2011 Apr 6, 11:35am
>...with the Dems to raid SS’ trust fund and now there is no way to avoid the debt bomb that is coming. Ever hear of ’starve the beast’…well, what is coming is ‘the beast died of starvation’ pretty soon. No vote necessary."
This is an ongoing problem with both parties doing it (putting Social Security in the general budget). I am curious under which president this started under.
OurBroker
2011 Apr 6, 12:05pm
The budget has always been fairly, er, flexible....
For instance, what are the full costs of the Iraq war. The other night on the Bill Maher show Sen. Bernie Sanders said the final cost, including medical care for vets, would amount to $3 trillion. How much of this was included in the published Bush budgets?
Both parties obviously twist the budget for their purposes. Who would expect otherwise?
OurBroker
2011 Apr 6, 2:05pm
There is always a cost to living in a civil society. Can you point to one society where this has been untrue?
Patrick
2011 Apr 6, 3:04pm
to justify taking from/enslaving one group for the benefit of another.
You really think a flat social security tax would be "enslaving" the rich?
Somehow the rich just don't look like slaves to me. Just the opposite: it looks like WE are THEIR slaves as more and more of the national wealth gets concentrated in the top 0.1% This concentration happens largely because they have avoided fair taxes on unearned income ever since Reagan.
Why exactly do the ultra rich pay only 15% on capital gains and dividends while the middle class pays 28% on actual work?
One-eighth of the country is now aged 65 or above and for many the growing question is not rent versus buy, it's rent versus food.
Social Security is much in the news with claims that it’s going bankrupt and cries that benefits must be cut. But that isn’t the case, in fact if everyone simply paid their fair share of the costs — if bosses paid as much of their income as their workers — benefits could be maintained or even increased without raising Social Security tax rates.
http://www.ourbroker.com/news/how-to-raise-social-security-benefits-now-040511/