Do you agree to tax more on the rich people?

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Do you agree to tax more on the rich people?
Dec 10, 2011 02:35
JIMMYB Points: Join Date: Feb 7, 2007 Status: offline	Voting without time limit Exclusive Vote 54 vote(s) Yes 12 vote(s) No See All Voter(s) Note: Guest voter(s) are not displayed here. Warren Edward Buffett recently suggested the USA government tax more on him and other billionaires. Mr. Obama called it ‘Buffet Rule’ and planned to propose a new higher tax rate for people who earn more than 1 million a year. The tax proposal is just a part of his long-term deficit reduction plan. Do you think it is a good idea?

Dec 10, 2011 02:35

JIMMYB
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Warren Edward Buffett recently suggested the USA government tax more on him and other billionaires. Mr. Obama called it ‘Buffet Rule’ and planned to propose a new higher tax rate for people who earn more than 1 million a year. The tax proposal is just a part of his long-term deficit reduction plan.

Do you think it is a good idea?

Dec 12, 2011 20:39

GUEST31188

Yes, and here's why:

The rich hasn't become rich on their own or by working for an honest buck 9 hours a day.
They become rich by riding on the shoulders of others.
They become rich by taking advantage of gov't incentives, programs, loopholes, etc.
They become rich by raking huge profits from gov't contracts,.
They become rich by buying necessaties for cheap and selling them very very high.
They become rich thanks to monopolies.
They become rich because they have the right connections.
They become rich thanks to inside trading.
They become rich doing illegal things, like swindling others.
And more.
You get my point.

The least they can do is pay their fair share of income tax.

Dec 12, 2011 21:44	#2
PSYCHIATRIST Points: Join Date: Jul 22, 2008 Status: Offline	Is it taxable on the treatures that was buried by others in the backyard where used to be bushes.

Dec 13, 2011 02:49	#3
GUEST7689	Jimmyb, Buffett wants the government to tax him more but I don't think all the billionaires agree with him and will be willing to be taxed more. Obama's plan hasn't been approved yet.

Dec 17, 2011 01:57	#4
LONELYJOURNEY Points: Join Date: Oct 28, 2009 Status: Offline	Don't you think the billionaires will agree to be taxed more? They have money and great influence. It is not easy for the US government to take money from them.

Dec 18, 2011 01:59

CARLOS
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Join Date: Sep 10, 2007
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Sad to say, Lonely, but You are correct.

The US is a land of opportunity. There it is possible to make your dreams come true, to become a millionaire.

There it is also possible to die in an ambulance on the way to a hospital passing another hospital You could be treated in but You can not afford to buy an insurance.

Progressive taxing an putting money to social health care and other important public services is only a human act.

A thing that can not be accomplished in the US because it would need all turned up side down.

Carlos

Dec 20, 2011 00:08	#6
LONELYJOURNEY Points: Join Date: Oct 28, 2009 Status: Offline	Carlos, The government has to rely on the billionaires to some extent. If the US government really makes the most billionaires angry, the billionaires will do something terrible.

Dec 22, 2011 17:46

GUEST08376

I cannot speak for other countries in this world, I am from America, but here, what it really comes down to is this. You either believe in capitalism (free market economy, and I absolutely do) or you do not. If you do, then it does not make sense to punish achievement through over taxation. In America, 47% of the population pays NO income taxes, while the richest top 10% already pay more than 90% of the taxes. If you continue to tax them more and more, you will not solve the problems of the poor, you will just eliminate the rich and destroy any incentive people have for trying hard to become successful and, yes, eventually to become rich. Why would anyone want to work hard if someone else is going to take away their wealth anyway? And no, not all rich people get rich by stealing others' money. Steve Jobs got rich because he had talent and worked hard. And there are millions of others as well who have discovered their innate talent, developed it, worked hard, become successful, and eventually rich. Some people think that is what the American Dream is all about. Actually, that is not quite right. The American dream is living in a place where you are free to do as you please, to think your own thoughts, express them freely without fear, and pursue your dreams without too much interference from others. And yes, this freedom carries with it the right to make good and bad choices, but it also carries with it the responsibility to live with your decisions. In short, you have the right to succeed or fail. There are no guarantees.

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