In my view the Democrats are just as much a Rich people's po

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Inuyasha
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15 Aug 2011, 7:49 pm

androbot2084 wrote:

I always thought it would be nice to, have millions of dollars but if that money would turn me in to a tyrant like Ebinezer Scrooge would it be worth losing my soul ?

How is being rich going to cost someone their soul?

Many rich people whom are conservative don't like paying taxes because they consider the government to be a bunch of incompetitent idiots that are just going to mispend their money.

androbot2084
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15 Aug 2011, 7:51 pm

I'm not going to take a chance and find out the hard way.

Tequila
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15 Aug 2011, 7:51 pm

androbot2084 wrote:

I always thought it would be nice to, have millions of dollars but if that money would turn me in to a tyrant like Ebinezer Scrooge would it be worth losing my soul ?

It wouldn't turn you into a tyrant. It would be your money to do with as you wished. If you earnt it - and were taxed extremely heavily for it - would you want to give even more of it away?

I think the tax rate in Denmark is 60% of all earnings past a certain point. Would you want to spend any more money on charity after being taxed so heavily? In systems like that - and in the UK - it becomes pointless working basically to be worse off after a certain point. Those people who are rich often hire very clever people to figure out ways to avoid paying tax. When the government wants to take 50% of everything you earn just to piss it away on feckless idiots and insane government projects I think it's understandable. The amount of waste in all levels of the public sector here is astonishing.

androbot2084
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15 Aug 2011, 7:54 pm

If you were a Billionaire and were taxed 60 percent you would still have 400 million dollars.

Tequila
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15 Aug 2011, 7:56 pm

androbot2084 wrote:

If you were a Billionaire and were taxed 60 percent you would still have 400 million dollars.

Perhaps they could use that money in order to invest? And anyway, people that rich would not pay much tax due to having well-paid and very clever people avoiding tax.

Really, it's the people further down who pay most of the tax and who get discouraged when they see 40% of their earnings going to 'aid' in Pakistan, for instance.

Tequila
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15 Aug 2011, 7:59 pm

androbot2084 wrote:

If you were a Billionaire and were taxed 60 percent you would still have 400 million dollars.

If you earn more than £150,000 you must forfeit 50% in income tax alone straightaway.

number5
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15 Aug 2011, 8:07 pm

simon_says wrote:

As Warren Buffet points out, the super rich have conned the "tea party" into waging their battles for them. People who make money with money often pay lower rates than working people and some think that's just great.

http://www.nytimes.com/2011/08/15/opini ... &seid=auto

The Democrats certainly have corporate interests in mind at times but there is no question that the lines in the tax rate wars leave the GOP solidly on the side of the wealthy and super wealthy. Once you factor in their position on environmental protections and corporate responsibilities, it's a slam dunk. Bachmann wants to disband the EPA ffs. :lol:

Agreed. There's also this big push towards tort reform (not just regarding malpractice) by conservatives and the tea party which solely benefits huge corporations and the ultra rich. They've made these giants to be too big to nail. The little guy can't even get his day in court anymore.

On a separate note, I think what bothers me most about this pandering to the rich is that it's somehow unfair to tax the rich or make them pay their fair share, and yet it's perfectly acceptable for them to socialize their losses and pass down their expenses to the consumers. So if a giant corporation with a CEO pulling in $20 million/year has any sort of financial troubles, we expect them to lay off workers making $12/hour and to raise their prices - but God forbid we ask this guy to pay an extra couple of percentage points on his income because that's socialism. It's just not fair to punish success, blah, blah, blah. What a load of crap.

It's disturbing to look at the compensation trends of CEO's during this economic downturn. Most, if not all have taken significant raises while at the same time they cry about their companies financial woes and lay off workers.

androbot2084
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15 Aug 2011, 8:15 pm

What the rich want is worse than a Poll tax. The rich do not want to pay any taxes at all.

ruveyn
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15 Aug 2011, 9:18 pm

androbot2084 wrote:

If you were a Billionaire and were taxed 60 percent you would still have 400 million dollars.

Then why bother becoming a billionaire?

ruveyn

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15 Aug 2011, 11:18 pm

Big business and Wall Street both like corporatism a heck of a lot more than they like the free market. They don't want their free lunch ending and they don't want to actually have competition. The Democrats are essentially a corporatist party with some social democrats on the fringes.

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16 Aug 2011, 5:42 am

androbot2084 wrote:

What the rich want is worse than a Poll tax. The rich do not want to pay any taxes at all.

As long as a rich man pays for a guard to watch over his home and property he is paying a tax, even if his guard is a private guard, rather than the police. Taxation is the cost of defending life and property against wrongful aggression.

ruveyn

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16 Aug 2011, 11:09 am

mikecartwright wrote:

In my view the Democrats are just as much a Rich people's political party as the Republicans are both are funded and supported by and run by Rich/Wealthy Lobbyists who here agrees ?

http://www.socialistalternative.org/...10.php?id=1297

Yes exactly.....our government is in a sense owned by the extremely wealthy they can mostly be bought by corporate america...because the needs of big buisness always come first since the people in charge of that(1%) have most of the nations wealth.

Oh what is this a small group of isolated people running things, rather than having all the citizens involved in a democratic republic? there is nothing democratic(in the democracy sense) about it.

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16 Aug 2011, 11:10 am

Inuyasha wrote:

ruveyn wrote:

mikecartwright wrote:

What do you have against becoming rich?

ruveyn

They think rich people are somehow evil...

Anyways while if I remember correctly the richest individual in Congress currently is a Republican, he got his wealth from inventing a product, not the stock market.

But did he actually invent the product?........and what is his name and what product is it? at least give the name so people can look it up if they choose.

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16 Aug 2011, 11:13 am

ruveyn wrote:

Inuyasha wrote:

They think rich people are somehow evil...

.

That is an opinion. I want to hear it directly from the OP.

There are three ways of becoming rich.

1. Create a value that produces an income. This could be an invention, a service or some kind of valuable thing extracted from nature.

2. Inherit it or win it in a game of chance. While it is not earned, neither is it taken by wrongful means.

3. Get it by force or fraud.

Number 3 is the only kind of rich that one should dislike.

ruveyn

I kind of agree, however I do sometimes have to wonder where all this money people can win comes from.....as long as its not coming from tax money than I do not see a huge issue though.

Sweetleaf
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16 Aug 2011, 11:17 am

Inuyasha wrote:

androbot2084 wrote:

Wanting to become rich is like wanting to become like Ebenezer Scrooge.

Riiighhtt.....

Explains why rich conservatives tend to donate large amounts of money to charities... :roll:

Yes they care so much about others, that is why in the documentary the 1% one of these super wealthy people gave money to chairity.....but he also disowned his daughter for not choosing a wealthy life style and participating in the documentary. And its very possible the charities dont do much good especially when the same people donating are the ones pushing them out of their homes.

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16 Aug 2011, 11:20 am

Tequila wrote:

androbot2084 wrote:

I always thought it would be nice to, have millions of dollars but if that money would turn me in to a tyrant like Ebinezer Scrooge would it be worth losing my soul ?

If that much is going to taxes then why would there be a need for chairity? I would assume that money is going to public services, the paid vacation time they get off work, the pregnancy leaves ect. I would have to look into their system and how citizens of that country feel about it before I judge wether I think its a good system or not but still what would be the need for chairity?

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