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Biden to Propose New “Billionaire Minimum Income Tax” of 20 Percent
- Thread starter tiddlywinks
- Start date
That applies to the top earners.Think about the purpose of living. I recall a high school student being asked what is your purpose being here on earth . His reply was to make a difference.
Taxes should be low when inflation is low, shouldn't they?
lol
The roads are terrible. The postal service is slow and unreliable. The public transportation is no better than 10 years ago even if the fare is many fold up. If this is the only reason govt collects and raises taxes then it's clearly mismanaged on it's part. Also how do you explain that some govt officials pushed by certain communities want to defund the police? Where will this money go?Taxes are raised to pay for your roads, education, fire department, policing, your domestic safety and security... You may want to read up on the basics of what makes an economy tick. If you disagree with all that you must buy your private island and run your own country. For too long have the elites evaded taxes and the middle class has been obliterated and turned into minions who struggle to survive from one day to the next. Most in the middle class are ill equipped for retirement. All the while the elites have accumulated trillions. Other countries produce the same if not higher engineered and advanced products and their middle class is in much better shape than Canada or the US. And yet they have higher taxes for the rich. It's a blatant lie that entrepreneurs run away in high tax regimes. Germany, Japan, Switzerland, Belgium, France, Denmark, Sweden, Finland, Holland all pump out highly educated graduates, produce top technology and they all have a much better equipped middle class than Canada or the US. I know of many Canadians who travel to Germany to get surgeries performed. The health care system in Canada is absolute shit. And it is in the US as well for anyone who does not earn 200k or more. Get your facts straight. Statistics don't lie.
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Correct. Americans are mathematically challenged (polite term for incompetent) and that is why they are against it. With a flat tax the politicians would be blocked from the joys of their profession, which are buying votes and doling out favors.You should care. Those who own companies will take them private rather than give up their ownership or lose the incentive to grow and reinvest. This has to move to realized profits if even a sliver a chance of it working. Great things come from entrepreneurs owning things.
If they went to a flat tax w/o the loopholes it would be more fair and raise more funds. No real-estate loopholes, no other write-offs, just pay your 15 or 20% w/o exception. That of course would be too easy.
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They are all spread out, easy available in public. Educational statistics, healthcare statistics, savings rates, personal household debt, craftsmanship. But let me help you get started:
Unfortunately you don't provide the statistics.
Mismanagement and graft is a big problem, but that does not justify ending the current system as we know it, and throw everything overboard and descent into anarchy.
The roads are terrible. The postal service is slow and unreliable. The public transportation is no better than 10 years ago even if the fare is many fold up. If this is the only reason govt collects and raises taxes then it's clearly mismanaged on it's part. Also how do you explain that some govt officials pushed by certain communities want to defund the police? Where will this money go?
Taxes should go down not up. This should be the trend. Citizens grow their worth and don't get any money from anyone. Why citizens can do it but govt can't?Mismanagement and graft is a big problem, but that does not justify ending the current system as we know it, and throw everything overboard and descent into anarchy.
Have you ever bought a recent American or Canadian RV or camping trailer? Camping gear? Boats? Have you checked on the average workmanship of houses? Then, have you ever had a chance to compare this crap with most that is made in Australia that concern anything outdoor? Or rv and campers or boats from Europe? Housing quality in Central Europe vs US/Canada? Healthcare, education, sound, not maniac, military spending. Infrastructure.
Taxation and all those loopholes for the haves to a significant degree is what undermines trust and faith in government here. Many of the social programs make sense (some don't at all) but they can't be financed other than sucking the middle class dry, because the wealthiest do not contribute their fair share.
Taxation and all those loopholes for the haves to a significant degree is what undermines trust and faith in government here. Many of the social programs make sense (some don't at all) but they can't be financed other than sucking the middle class dry, because the wealthiest do not contribute their fair share.
Unfortunately you don't provide the statistics.
Taxes for the rich should be APPLIED, not avoided through loopholes.
By the way, WE are the government. Govt is not some evil tertiary entity. You may not like what the money is spent on but most always does tax money not disappear in some pockets of politicians, Mexico or Russia style.
By the way, WE are the government. Govt is not some evil tertiary entity. You may not like what the money is spent on but most always does tax money not disappear in some pockets of politicians, Mexico or Russia style.
Taxes should go down not up. This should be the trend. Citizens grow their worth and don't get any money from anyone. Why citizens can do it but govt can't?