OnW

Sure It’s Legal … But Is It Right?

Taxes are needed to support a society ---to support the public good, safety, welfare, etc. Taxes exist in every form, on all kinds of purchases and incomes. The question is: What is a FAIR tax? It should not be regressive. It MUST be progressive. Those with the highest incomes and ownerships can afford higher tax rates and should be required to pay higher rates to protect their greater positions and further their greater ownerships. Let's not turn the clock back to preFrench Revolutionary disparities. Now you want to disenfranchise...perhaps bring back the guillitine?


On Sep 03 11:29 AM Buckoux wrote:

> Anyone who does not comprehend the difference between rate and amount
> and who wants to use the tax code to punish those who have more than
> he thinks they should have, or are doing something they think they
> should not do, should be disenfranchised. If an action is wrong,
> make it illegal by law, not taxation.

Sure It’s Legal … But Is It Right?

Since when did higher tax rates reduce government tax revenue? That's the same baloney that Reagan used when he cut taxes, and we started to run deficit after deficit, and multimillions became billionaires.


On Sep 03 09:50 AM TeresaE wrote:

> Yes, because giving more taxes to the corrupt government will fix
> it.
>
> Sure it will.
>
> The government collected LESS taxes with higher rates.
>
> And what will keep these companies from leaving to Ireland or Dubai?
> They will leave and the US government will get nothing.
>
> 100% of nothing is NOTHING. Every single time.
>
> Taxes do not create positive outcomes for the working man. Our salaries
> continue to shrink and higher taxes will make everything cost more.
> Great plan.

Sure It’s Legal … But Is It Right?

The solution is so simple. Recapture the egregious compensation with a truly progressive income tax going all the way up to a top bracket taxed at 90%. There will still be plenty of incentives for the powers and prestige that accompanies high executive positions. Let's remember the good ol' pre-Reagan days when top brackets were 70-90%. Today we have a new aristocracy with billions accumulated from the post-Reagan greed years. Never have we seen such a spread between the haves and havenots.