Tail Gunner said:
JayJuanGee said:
Our troubles stem from redistribution of the wealth from the poor to the rich that has been going on since about the 1980s
Do you actually read this stuff before you post it? I don't see guys in suits shaking down bums for bottles of Ripple and cans of sterno. Where do you get this stuff? Seriously.
I write from my state of my current thinking regarding the various topics that have been coming up in this thread. Certainly, from time to time, I may make typos and/or misstatements because I do NOT claim to be any kind of expert on these various topics. Nonetheless, I stand by the above statement that you quoted from me regarding the rich disproportionately paying less and less taxes, and they have been instead lending money to the govt and receiving interest on that money rather than paying taxes and they have also been receiving free money from the govt rather than paying taxes. Surely they pay more taxes than the poor (b/c the poor do NOT have much if anything to pay), but they pay far less than their fair share… and the poor need most of their income to survive... the rich can afford to pay higher taxes, b/c their income and their wealth already allow for them to live cushy lives. Also, many times they have the ability to pay high falutent accountants and attorneys to figure out ways to minimize their tax burden.
In essence, they are leeches that are taking disproportionately than they should.
Some of my thoughts regarding distribution of wealth and the perils of America has developed through the years by extensive reading, and also some application of ideas as well through my work.
However, Richard Wolff is a fairly decent source that seems to resemble well my kind of thinking about economics and history.
http://rdwolff.com/content/welcome-econa-qa-richard-wolff
I do NOT have any one book, article or speech by Richard Wolff; however, he has a podcast called Economic Update, that is very powerful regarding wealth distribution questions and he goes through history and economics and also talks about the application of his theories to contemporary news.
Certainly, Wolff is NOT my only source for inspiration and like thinking, and i find guys like Robert Reich, Noam Chomsky and Howard Zinn (recently died) to be very insightful on these kinds of social wealth distribution issues.
Tail Gunner said:
The redistribution of the wealth has always been from the wealthy to the poor, since the creation of the income tax system.
You are living in a fantasy world, if you think that above statement is true. There are a large variety of taxes that are levied on people, and frequently taxes are regressive. However, throughout history, there have been different kinds of taxes, some taxes have been more regressive and other taxes are more progressive. There is NO one way street when it comes to redistribution of wealth.... and your view that wealth only goes from the rich to the poor is likely a product of incomplete information (or possibly brainwashing - No Negging on you, personally).
Tail Gunner said:
The top one percent of taxpayers pays about forty percent of the total income tax. The top one percent of taxpayers could donate all their income to the government and still not come close to paying off the debt that President Obama has accrued. The top twenty percent pay nearly 93 percent of all income tax.
Setting aside your accusation that Obama accrued the recent debt (as if he were the start of the problem), even if the remainder of the statement is true, that does NOT mean that the rich are contributing to society sufficiently.
Generally, taxes for the wealthy are at historical low points. In the 1950s, there was close to a 90% tax rate, and fairly high tax rates existed until about the 1980s, and in the 80s, the redistribution of wealth began to increase to a very large degree in favor of the rich.
Continued to get more and more lopsided in favor of the rich in spite of some democratic administrations during that time period (Clinton and Obama).
Your statement still may be true that the wealthy pay most of the taxes that make up the National Govt revenue, but that does NOT mean that the wealthy are NOT leeches. Actually, there were studies on large wealthy corporations paying negative taxes.. and in essence receiving govt subsidies, rather than paying taxes.
http://www.nytimes.com/interactive/2012/12/01/us/government-incentives.html?_r=0#co-generalmotors
From my understanding, after subsidies, these companies were NOT paying taxes. There is race to the bottom dynamics that relate with this subsidization of large companies, too.
Tail Gunner said:
On the other hand, the bottom 40 percent pay
negative nine percent. They pay no taxes -- and they take from society.
http://www.cnbc.com/id/101264757
I do NOT agree with your premise that the bottom 40% do NOT pay taxes. Many taxes are regressive, so the poor are paying one way or another. Yet, even if hypothetically, the bottom 40% were NOT making an income and were NOT paying income taxes, so what?, there is more than enough wealth at the top that is generated to make up for the 40% NOT paying various kinds of income taxes.