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The Reaganomics Fraud:
- Thread starter Mr. dB
- Start date
Most political and religious debates seem that way to me. I'll have a discussion with anyone about anything if they aren't a "this is black, this is white" type of thinker...but the second I feel someone trying to stir a debate, I'm out. Just not how I work....I'm fairly set in my ways about a few things, but most of life feels like gray area to me and often my mind and heart are in conflict - even when it comes to things like paying taxes lolol.
All I can offer is that it is different when you're on the other side of it.
Perhaps how you came to be amongst the wealthy is relevant. I'm not sure. If you're in an old rich family who've played "keep away" with the family's megamillions for the generations, maybe there is some implied moral obligation to pay a higher share of taxes. Also, a major distinction should be recognized between someone earning 600k a year and someone sitting on 600m. Both are in that top 1%, but enjoy fundamentally different lifestyles.
It's been my experience that the vast majority of independently wealthy Americans earned their own money during the course of their own lifetime. They worked hard enough and smart enough (and in most cases for a very long time) to become rich. Taxing them more heavily just feels improper. Those people feel, justifiably so, that they are being punished for having been successful.
Redrocker13
New member
Well said!
And in response to the opening volley, the one thing which has NEVER been addressed successfully in supply side theory is the ridiculous spending by our federal government. The last few weeks of smoke and mirrors is indicative.
This isn't merely a matter of income tax. Take a moment to consider ALL we pay in taxes. I did a rough estimate years ago and the amount I pay annually in taxes with the money I do get to keep is roughly an additional 15 to 20%. Add that to the 20% or so in income tax and you can see we are now at 40% and/or above. Don't believe me? Check it out for yourself.
Like most I don't mind paying taxes to support the things I know the government needs to do. But when I am confronted with the money the government spends (wastes) on things it shouldn't be involved in, yeah, it's pretty maddening. Supply side does work but until we the people DEMAND accountability and fiscal responsibility from politicians we will continue to get these same results. And left unchecked it will hit the wall.
I for one am not expecting social security to aid in my retirement years so therefore I am planning accordingly. And I fear greatly the state of our union for my children and grandchildren. Truly. Please wake up! Trillion dollar annual deficits are unsustainable. Trying to take more in taxes will only result in driving business and investment away even faster. It's just common sense folks.
mrplunkey
New member
Have you seen plunkey? Have you seen his wife? Of COURSE he's in the top tax bracket...
(kidding, plunks)
I can't argue with that. It stings because it's troooooooo!
haha, well you're an attractive guy, and smart so you've got other things going for you too
But that helps!
I wouldn't know, I'm not on the receiving end. And I would have no problem at all with slashing the Welfare program. It should never be more than a temporary leg-up, the next step when you've run out of unemployment insurance, not a way of life. The only positive thing I have to say about Welfare is that it's still cheaper than if the same people were in jail.
PICK3
New member
My reaction to this is "waah waah waah". How do you think people feel when their entire paycheck goes for rent, utilities, and groceries? People who have essentially no disposable income at all. The whole point of a graduated marginal tax rate scale is that higher income people can afford it.
Even a flat-tax system would end up looking about the same as today's scale, because they'd end up having some kind of means-tested sliding scale for the personal deduction.
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