progressive taxation
Posted By: mk on 2008-11-26
In Reply to: and still you didn't answer the question about... - dnh
See, DNH, the thing I'm getting at is, it already *is* my money. My money, your money, it's being taken already, and given to people who don't work, billionaires who have not a worry in the world.
Your example of a 25% tax rate is even better than mine. That guy making 60,000, he's making 45,000 after taxes. Well and good--it was a big bite of his income, but he can still afford his house and to feed his kids. But what about the guy making 30,000? Suddenly he's making 22,500 a year, and how's he going to pay his heating bill this winter? He can't afford food, he can't make rent.
So what looks initially like equal treatment, is actually something far different: A neglible weight on the wealthy, a noticeable burden on the middle class, and a death sentence on the lower class.
The incentive argument doesn't work, either. During the height of taxation in the 50s, the economy grew at a healthy rate, and it grew by making things, building things, actual goods and services, not the fake growth we've seen in the recent low-tax decades, where all the wealth is made up of obscure financial instruments that nobody understands.
People don't give up their dreams because they fear a high tax rate. They give up their dreams because suddenly they can't afford food anymore, and they're going to get thrown out of their houses, and their kids are going to be dressed in rags, because every dime they worked so hard for is being redistributed right on up into the hands of billionaires.
What if it were my money? I'd rather every dime I had go to the poor, than yet another penny wind up in somebody's else's hedge fund.
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why progressive taxation?
Two answers:
1. Because it's good for the economy. Money doesn't exist to stagnate in pools; it has to move.
2. Because it's the moral thing to do. If you have for example a flat 10% income tax, a millionaire will flinch, but a poor man will starve.
His lies changes everyday but his taxation
@@
You can google his taxation attempt in March
I see what is really going on here. For weeks I heard Obama won't tax us, he's gonna save the middle class, yaddda, yadda, yadda, and you call all facts lies. Now, I'm so sorry you think the actual bill on capital hill which he helped propose is a lie, which means you think he is a lie, but his vote is there.
Get off your lame brain duff and googgle it, if you dare!
In your response, what I see if someone who truly does not care about this country at all but chooses to believe you are going to get a bigger free ride. If you think his taxation attempt on YOU, the poor middle class or whatever, is going to get a tax cut, I dare you to look it up for yourself. I know you won't....you don't want to see the truth about this man.
Why is fairness in taxation considered a handout? This isn't welfare... it's paying the right
o
Progressive new sources
On reviewing the posts below, I see someone has supplied you with a number of conservative sources to investigate. For the sake of balance, here is a list I prepared a few days back of progressive sources that will also give some insight into the Obama camp and their beliefs. You could Google around with this list, but don't be overwhelmed. In my personal opinion, the Democracy Now! Amy Goodman is a nice all-round overview of all the others. Here's that link and the list.
http://www.democracynow.org/
Democracy Now! with Amy Goodman
Ariana Huffington.
Bill Mahar.
Bill Moyers.
Indymedia.
Independent Press Association (IPA)
Chris Matthews
Keith Olberman
Richard Dreyfuss
Helen Thomas
Jim Hightower
Fairness and Accuracy in Reporting (FAIR)
Naomi Klein
Al-Jazeera English
Jeremy Scahill
Robert Scheer
Nir Rosen
Allan Nairn
James Steele
John Ghazvinian
Seymour Hersh
Scotter Ritter
The Nation
Rolling Stone
Mother Jones
The American Prospect
Greg Palast
I a progressive politically. Sounds like it. nm
nm
They're a lot more progressive and educated.
right, al the young and educated, progressive
people voted for Mousavi. Even before all the votes were in, the government already announced a landslide win for Ahmedinejad. Definitely fraud, Ahmedinejad's ratings before the elections were very low, high unemployment rate. How could he win?
Tax cuts, progressive tax system, social programs
are as American as apple pie and these same policies and initiatives can be found puncuating the pages of our history from the day of our country's inception.
You do not understand Marxism or socialism, or you would be a lot more exercised by the current redistribution of wealth that takes your tax dollars and moves them upward to an elite ruling class that represses and undermines the middle class at the drop of a hat. State ownership of banks, lending institutions and direct personal property "buy outs" (as proposed by McCain certainly smack of Marxism and are not exactly what you could call traditional American values.
I'll take progressive-thinking, educated liberals any day
8)
They towed Bush's line for 6 long years. Ask any progressive
better still, branch out and listen to opposing media views, including progressive radio and newspapers...those guys have yet to get mainstream coverage. To get any kind of decent international coverage, one is forced to go to media source outside of our own country. You might be REALLY surpised at what you find there. Get real.
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