HILLARY
- Thread starter Buy1Sell2
- Start date
And some/most of them need the assistance. No?
How much of the federal buget in percent is being wasted on the "welfare leeches"....those that do not deserve the help. I ask because this seems to a/the? major reason that many people choose to be conservatives.
Potentially worse than that.
Consider capital gains tax for a long term holder... and if you've been a "successful enough" investor over the long term, estate tax too.
"The Tax Man".... "1 for you, 19 for me".
A first step would be to tax the upper 10 % at no net lower rate than say those making 75-100K. This probably would require something no more complicated than taxing unearned income above some reasonable floor at the same rates as earned. Wall Street and the Real Estate would fight it. But it would be good for the economy overall. Additional revenue raised could be invested. Smaller public school class sizes, might pay a remarkable dividend and create a couple million good jobs for teachers. I offer this as just one example of how easy it would be to improve the nations economy and the general welfare of the people by clamping down on special interests and governing with a more even hand.
All bet you've never understood way those crackheads don't go out and invest just like you did, and generate some capital gains of their own. After all no one is forcing them to be crackheads. They should go out and buy an apartment house and rent it out!
It is totally unfair that the poor have managed to completely circumvent the double taxation of dividends by the expedient of being lazy.
About 10% of the total budget is spent on these allowances. Lower salaries are around 1.200 euro, allowance around 1.000-1.200 euro. So why work if you receive the same money for staying home? There is no limitation in time, so you can start as unemployed when you come from school and stop when you go on pension. And if you need assistance the government will even pay for your elderly home.
Around 85% of all corporate taxes that the government receives are spent for these allowances. So from the corporate taxes almost nothing is left for useful things.
"... eventually you run out of other peoples' money".. -- Margaret Thatcher
Yes, that's what is happening now. The middle class has to pay the bill, but they start to move to other countries if they can. I left too. Pay now 10% taxes instead of 60-70%.
Government employs 1 out of every three working persons. We must be world champion in that. Unsustainable but unions are very powerful and ruin the country for their own interest.
Our famous social security switch to Asocial, and UNsecure.
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