thinkinginpictures wrote:
DISCLAIMER:
I don't really wish the following to come true, all I want is welfare and peace, and this thread is more about desperation than anything else. I don't want dictatorship and I do NOT want a lot of people imprisoned.
All I want is to stop hatred against the welfare state and those recieving welfare benefits.
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Original post:
Quote:
The rich people pay very little taxes in relation to their wealth compared to the ordinary working class people.
They are the sole cause of the drastic reforms in many western countries. They are the cause of our misery and our poverty, the rich take all our money and give little back. The rich also controls the democratic institutions and threaten to withdraw their values if democracies don't conform to the will of the rich.
They do pay higher taxes, but RELATIVE to their WEALTH they pay virtually nothing. The rich owns 90 % or more of the entire wealth of the earth's population, and the very rich don't have to work. Many choose to work, but they can stop at any moment and just live off their enormous wealth and have others do the dirty work.
The work the rich do, is therefore more like a hobby than a job.
I suggest the nations of the planet should cease all the assets and valuables of the rich, imprison them and force them to hard labor. Hand out the money to the poor and working class people and give everybody else (except the now formerly rich) Basic Income and the liberty to choose to work or not, but with incentives to work.
This will create fairness and justice for everybody!
This was actually essentially what North Korea did. The North Korean elite were once poor peasants and the poor North Korean peasants were once rich land owners. But looking at North Korea, one can see economic stratification has formed among the elite with the most privileged living in beach houses and going on shopping sprees in western markets.
In large societies, wealth equality is an unstable state.
Concerning taxes, the income of most people in the U.S. is ordinary income. Salaries and wages. The rich are more likely to receive income from invesrments. Income from investments is taxed at lower rates than ordinary income as an incentive to get people to invest.
Let's say you and Bill manage to save up $1000 after taxes. You decide to buy a $1000 TV and home theater system from Sony. Bill decides to invest all of his. Let's say Bill buys stock in Sony. You both gave money to Sony but you get something out of it...a new TV, while Bill might lose all of his money.
So Bill needs some incentive to take such a gamble.
Investing helps companies secure larger profits by helping them develop products and services and capture market segments they would not have been able to from sales money alone and when companies grow, their number of employees tend to grow as well....meaning the number of people the government can tax at ordinary income rates grows.
So the government thinks it's profitable for Bill to invest.
So they say "Hey Bill. If you take your $1,000 and invest it, if you profit from that investment, we'll tax you at a rate lower than ordinary income, and if you don't profit, we might allow you a deduction on your taxes so losing $1,000 doesn't hurt so bad,"
That is why rich people pay lower taxes.
If you want to be upset about something what you should really consider focusing on is money sinks. When a small number of people get a lot of money from a large number of people and the money does not get redistributed in the economy. For example landlords and high rent areas who do not reinvest the money and let it accumulate in bank accounts instead, or landlords who invest the money overseas.
That money does not trickle down.
26 Mar 2018, 4:09 pm
