Taxing the rich is good for the economy

Curious Cdn

Hall of Fame Member
Feb 22, 2015
37,070
8
36
Or just as likely got that way from working hard or learning special skills that pay well or making risky investments, or playing professional sports (like basketball) - not every rich person is a crook or likely not even the majority.



To reduce their tax load.
It is hard to become EXTREMELY rich honestly. You may have inhereted your booty but back there, somewhere is probably a robber baron of some sort.

Note, that I did no say "wealthy" because you can indeed get that way through hard work and being clever.
 

Walter

Hall of Fame Member
Jan 28, 2007
34,889
126
63
To reduce their tax load.
Doesn't everyone do that already?

Poor people have to spend every nickle that they earn just to feed, clothe and house their families. They would be in the most highly taxed category (proportionately) and they would carry the bulk of the costs of our civilization, in a consumption only taxed world. The rich, on the other hand, will pay about the same to feed and maybe to clothe as the not-so-rich and will pay more (voluntarily) for better shelter. Beyond that, the very, very rich got that way either by being as cheap as Old MacDonald and therefore won't spend/contribute or because they are criminals who will find a way of circumventing taxation. (A lot of them must be as it is nor easy to become that way through honest dealings).
I'm for tax fairness. If everyone pays the same % sales tax and pays no other tax of any kind whatsoever that would be fair. Rich people would pay more in tax because they would buy more stuff and more expensive stuff.
 

Curious Cdn

Hall of Fame Member
Feb 22, 2015
37,070
8
36
Doesn't everyone do that already?


I'm for tax fairness. If everyone pays the same % sales tax and pays no other tax of any kind whatsoever that would be fair. Rich people would pay more in tax because they would buy more stuff and more expensive stuff.
Apparently, you consider wringing the only money that the poor have out of them is some sort of "fairness". Libertarianism is so ... so foreign as well as mean spirited.

I pay close to 40% of my income as income tax, with HST slapped onto all of our purchases on top of it. The good part of that is that I get to live in a properly functioning society rather than a dysfunctial shytehole like Mogadishu or Detroit.
 
Last edited:

Murphy

Executive Branch Member
Apr 12, 2013
8,181
0
36
Ontario
The poor are chattel. Our cattle. They should be kept reasonably healthy until they are no longer a viable income source, then discarded. In a few years, as the need for new, sustainable food sources increases, what was once an abhorrent idea, eating humans, will become a profitable business venture. Soylent Green is coming and cannot be stopped.

It is the way of business. That which cannot be halted or denied. .

And when ye eat of man - consume his flesh and digest his essence - I shall render a tax. A consumption tax! - imperator illuminatus

Ha, ha! The rich do not tax the rich! They consume the poor. Oh, you wretched humanity! Can ye not see that you are doomed to be my supper? No, perhaps not. In the last few seconds of your existence, as you plunge toward the rotating knives, a flash of recognition will strike you. In those last few precious seconds, you shall finally realize the hopelessness of your situation.

Oh, where is the love?

 
Last edited:

Sal

Hall of Fame Member
Sep 29, 2007
17,135
33
48
It is hard to become EXTREMELY rich honestly. You may have inhereted your booty but back there, somewhere is probably a robber baron of some sort.

Note, that I did no say "wealthy" because you can indeed get that way through hard work and being clever.
Many people do not understand the difference between being wealthy and being rich. Nor can they conceive of the life style that goes with being rich.

They also seem to think that "working hard" makes one rich.
 

Murphy

Executive Branch Member
Apr 12, 2013
8,181
0
36
Ontario
Yes, it was.

Conceived in the crossfire of the world's distain for success. Suckled by the embranchment of those who rejected mediocrity.

We'll have complete coverage of the plunge into darkness tonight at 11. Meanwhile, back to our Friday fright night movie, 'The Peasants are Revolting! Yes. Yes, They Certainly Are...', starring Kevin O'Leary, Donald Trump and Skip the Wonder Fish. Toujours dans la couleur!
 

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
4,340
113
Vancouver Island
Many people do not understand the difference between being wealthy and being rich. Nor can they conceive of the life style that goes with being rich.

They also seem to think that "working hard" makes one rich.

Working hard can make one rich. A bit of luck and the right path also help.
 

Sal

Hall of Fame Member
Sep 29, 2007
17,135
33
48
Working hard can make one rich. A bit of luck and the right path also help.
I don't think so...it can make you wealthy if you have the brain power, work hard and are willing to "do what it takes" depending upon the environment and one's ethical and moral compass.
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
They also seem to think that "working hard" makes one rich.

It can! It also depends a lot on a person's concept of rich. Such things are Lamborghinis and huge swimming pools don't fit into many people's perception of rich. A person can be "rich" just because they are happy with what they have.
 

Sal

Hall of Fame Member
Sep 29, 2007
17,135
33
48
It can! It also depends a lot on a person's concept of rich. Such things are Lamborghinis and huge swimming pools don't fit into many people's perception of rich. A person can be "rich" just because they are happy with what they have.
which is exactly what I said...many people don't "get it"

Or good health at times either! "Rich" is much more than wallowing in money!
I disagree...rich is precisely that

wealth too is relative but there is a certain monetary standard...otherwise we are not speaking of money and that is a different topic entirely