A word about redistribution of wealth

Quote from AMT4SWA:

For the most part you are totally wrong with your figures.......but what the heck, for arguements sake lets go 15% tax for EVERYONE with no special deductions for ANYONE. I am ready any time you are!!!

:D :D
 
Quote from Pa(b)st Prime:

Duh Jon. Are you too dumb to realize those who retired YEARS AGO made FAR LESS than those retiring TODAY. Hence OLDER retirees have smaller pensions than MODERN retireees....

What part of the word "present" is hard for you to understand? If your point is that in the FUTURE everyone will be pulling in these radical pensions then say that. Because as of RIGHT NOW thats not the case.
 
Quote from AMT4SWA:

For the most part you are totally wrong with your figures.......but what the heck, for arguements sake lets go 15% tax for EVERYONE with no special deductions for ANYONE. I am ready any time you are!!!

Oh I'm sorry, you are right. The top 5% hold 68% of the wealth. Not 50%.

Go back to your infowars spamming

I even posted the graphics for you to make it easier...scroll up...
 
Anyways we are getting off topic. Pabst is right generally, pensions and government spending in general is out of control. But thats not my point.

My point is what is the difference between redistributing wealth from the middle class (via higher tax rates) to the upper class (via lower tax rates) and redistributing wealth from the upper class (via higher tax rates) to the lower class (via lower tax rates).

The only difference i see is that the "lower class" I was referring to contains 90% or so of the entire US population.
 
Quote from Pa(b)st Prime:

"third generation", lol. It's like being a Getty heir.....:)

I used to have these ridiculous conversations with Chicago Republicans.

Dumb Ass White Sububanite: "Pabst, don't you think that blacks will come around to the GOP and embrace free market capitalism and the entrepreneurial spirit?"

Pabst:"Only if they rap or play ball. Privatization talk is a DEATH ISSUE to the guy making a hundo delivering the mail...."

Getty Heir, LOL! The last time I talked with her, the daughter had just lost her job and was going into the family postal service legacy. Lot's of folks don't know how well the PO pays if you can get in over fifteen years. And it's just massive after you pass 25 years. My ex started there when she was 20. :)
 
Quote from jonbig04:

...its because they have such a small piece of the pie, their taxes don't amount to much.
Most Americans actually pay more payroll taxes than federal income taxes.

http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=230


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A young woman was about to finish her first year of college. Like so many others her age, she considered herself to be a very liberal Democrat, and among other liberal ideals, was very much in favor of higher taxes to support more government programs, in other words redistribution of wealth.

She was deeply ashamed that her father was a rather staunch Republican, a feeling she openly expressed. Based on the lectures that she had participated in, and the occasional chat with a professor, she felt that her father had for years harbored an evil, selfish desire to keep what he thought should be his.

One day she was challenging her father on his opposition to higher taxes on the rich and the need for more government programs. The self-professed objectivity proclaimed by her professors had to be the truth and she indicated so to her father. He responded by asking how she was doing in school.

Taken aback, she answered rather haughtily that she had a 4.0 GPA, and let him know that it was tough to maintain, insisting that she was taking a very difficult course load and was constantly studying, which left her no time to go out and party like other people she knew. She didn’t even have time for a boyfriend, and didn’t really have many college friends because she spent all her time studying.

Her father listened and then asked, “How is your friend Audrey doing?”

She replied, “Audrey is barely getting by. All she takes are easy classes, she never studies, and she barely has a 2.0 GPA. She is so popular on campus; college for her is a blast. She’s always invited to all the parties, and lots of times she doesn’t even show up for classes because she’s too hung over.”

Her wise father asked his daughter, “Why don’t you go to the Dean’s office and ask him to deduct a 1.0 off your GPA and give it to your friend who only has a 2.0. That way you will both have a 3.0 GPA and certainly that would be a fair and equal distribution of GPA.”

The daughter, visibly shocked by her father’s suggestion, angrily fired back, “That’s a crazy idea, how would that be fair! I’ve worked really hard for my grades! I’ve invested a lot of time, and a lot of hard work! Audrey has done next to nothing toward her degree. She played while I worked my tail off!”

The father slowly smiled, winked and said gently, “Welcome to the Republican party.”
 
Quote from tmarket:

Most Americans actually pay more payroll taxes than federal income taxes.

http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=230


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Great video. I doubt the others will watch it though. Nice to have Buffet on my side!
 
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