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I say "Tax Wealth and not income"

 
Anonymous Coward
User ID: 1515637
United States
08/24/2011 08:46 PM
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I say "Tax Wealth and not income"
Tax 15% of wealth on individuals with $1,000,000 or more and Corporations with liquidity of $2,000,000 and more.

This will be fair for all of us. Then Warren Buffet can finally say he's paying more than his secretary in tax and Oh how patriotic he will feel after that.

All in favor, say Yea!



Idol1
xen

User ID: 1370380
Australia
08/24/2011 08:55 PM
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Re: I say "Tax Wealth and not income"
change it to $10,000,000 and $2,000,000,000

yea!
Nomad01

User ID: 1435180
United States
08/24/2011 09:52 PM
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Re: I say "Tax Wealth and not income"
Once again you are stealing from one group to support another. This is socialism regardless of what you call it. Why not revise the tax code to eliminate ALL tax deducation for both individuals and corporations, then tax everyone the same amount like 10% of gross revenue. This would apply to all individuals and all organizations to include the Church and political action committies.

If everyone has the same rights then everyone should pay their equal share of the tax necessary to run the country. By eliminating all deducations and loopholes, corporations will be paying 10% of their total revenue in taxes instead of nothing on $5 billion in profits like GE. The tax deducations and loopholes are what allows the wealthy to pay no tax. Pay tax on all income regardless of your spending on other items like corporations do when paying company officers thousands of shares in bonuses which the company takes as a writeoff.
Anonymous Coward (OP)
User ID: 1515637
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08/24/2011 10:16 PM
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Re: I say "Tax Wealth and not income"
I say this tounge and cheeck because all the rich claim they pay so little income tax and that we all need to pay more. The truth be told, thr rich have little "income" but a whole lot of unrealized capital gains. So they are rich but we pay the taxes.

More to the point, my plan would incentivize corporations to put their money to work in capital expeditures and not side line the cash. Hording money does nothing to fuel our economy.

Lastly, if I see Buffet say how little he pays in income tax one more time, I'm going to puke. The stupid media never ever asks him about his wealth being taxed. If he wants to pay his fair share, go after his holdings.
Anonymous Coward
User ID: 1518726
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08/24/2011 10:18 PM
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Re: I say "Tax Wealth and not income"
Tax 75% of anyone making 1 million dollars or more a year.
DOT 2 DOT

User ID: 24338672
United States
11/27/2012 07:32 PM
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Re: I say "Tax Wealth and not income"
I say this tounge and cheeck because all the rich claim they pay so little income tax and that we all need to pay more. The truth be told, thr rich have little "income" but a whole lot of unrealized capital gains. So they are rich but we pay the taxes.

More to the point, my plan would incentivize corporations to put their money to work in capital expeditures and not side line the cash. Hording money does nothing to fuel our economy.

Lastly, if I see Buffet say how little he pays in income tax one more time, I'm going to puke. The stupid media never ever asks him about his wealth being taxed. If he wants to pay his fair share, go after his holdings.
 Quoting: Anonymous Coward 1515637


This sounds like a great plan.

Work is of the utmost moral value in America. Everyone should be working, not just sitting on their "assets." This would discourage the lazy asset-sitters.

banana2
Although it is not true that all conservatives are stupid,
it is true that most stupid people are conservative.

John Stuart Mill
************
It's much harder to be a liberal than a conservative. Why?
Because it is easier to give someone the finger than a helping hand.
Mike Royko
Anonymous Coward
User ID: 20574169
United States
11/27/2012 07:48 PM
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Re: I say "Tax Wealth and not income"
Tax 15% of wealth on individuals with $1,000,000 or more and Corporations with liquidity of $2,000,000 and more.

This will be fair for all of us. Then Warren Buffet can finally say he's paying more than his secretary in tax and Oh how patriotic he will feel after that.

All in favor, say Yea!



Idol1
 Quoting: Anonymous Coward 1515637


we need to tax people like you for being to dumb to have $1,000,000.
DOT 2 DOT

User ID: 24338672
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11/27/2012 08:01 PM
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Re: I say "Tax Wealth and not income"
Tax 15% of wealth on individuals with $1,000,000 or more and Corporations with liquidity of $2,000,000 and more.

This will be fair for all of us. Then Warren Buffet can finally say he's paying more than his secretary in tax and Oh how patriotic he will feel after that.

All in favor, say Yea!



Idol1
 Quoting: Anonymous Coward 1515637


we need to tax people like you for being to dumb to have $1,000,000.
 Quoting: Anonymous Coward 20574169


It doesn't require any special effort, intelligence or abilities whatsoever to inherit a fortune.

We have far too many multi-generational ass-sitters in America, at BOTH ends of the spectrum!
Although it is not true that all conservatives are stupid,
it is true that most stupid people are conservative.

John Stuart Mill
************
It's much harder to be a liberal than a conservative. Why?
Because it is easier to give someone the finger than a helping hand.
Mike Royko
s. d. butler

User ID: 974819
United States
11/27/2012 08:16 PM
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Re: I say "Tax Wealth and not income"
Tax 15% of wealth on individuals with $1,000,000 or more and Corporations with liquidity of $2,000,000 and more.

This will be fair for all of us. Then Warren Buffet can finally say he's paying more than his secretary in tax and Oh how patriotic he will feel after that.

All in favor, say Yea!



Idol1
 Quoting: Anonymous Coward 1515637


I say abolish all income and property tax and go to a consumption tax.

That is the fairest tax of all.
Anonymous Coward
User ID: 28587594
United States
11/27/2012 08:29 PM
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Re: I say "Tax Wealth and not income"
Tax 15% of wealth on individuals with $1,000,000 or more and Corporations with liquidity of $2,000,000 and more.

This will be fair for all of us. Then Warren Buffet can finally say he's paying more than his secretary in tax and Oh how patriotic he will feel after that.

All in favor, say Yea!



Idol1
 Quoting: Anonymous Coward 1515637


I say abolish all income and property tax and go to a consumption tax.

That is the fairest tax of all.
 Quoting: s. d. butler


The bottom 80% HAVE TO SPEND to survive and they keep the economy running the more disposable income they have.

Rush Limbaugh and Sean Hannity and Mitt Robbedme and Billo don't need to spend the vast majority of their income. They can just stash it in Swiss bank accounts and the Cayman Islands and pass it on to their trust-fund babies and keep the plutocracy going. This is what you wingnuts don't get.
DOT 2 DOT

User ID: 24338672
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11/27/2012 08:31 PM
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Re: I say "Tax Wealth and not income"
Tax 15% of wealth on individuals with $1,000,000 or more and Corporations with liquidity of $2,000,000 and more.

This will be fair for all of us. Then Warren Buffet can finally say he's paying more than his secretary in tax and Oh how patriotic he will feel after that.

All in favor, say Yea!



Idol1
 Quoting: Anonymous Coward 1515637


I say abolish all income and property tax and go to a consumption tax.

That is the fairest tax of all.
 Quoting: s. d. butler


Only if it included the consumption of financial products and services and not just durable and non-durable goods.
Although it is not true that all conservatives are stupid,
it is true that most stupid people are conservative.

John Stuart Mill
************
It's much harder to be a liberal than a conservative. Why?
Because it is easier to give someone the finger than a helping hand.
Mike Royko
Old MacDonald

User ID: 22787734
Canada
11/27/2012 08:33 PM
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Re: I say "Tax Wealth and not income"
hugoc3
In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act - George Orwell

Rachel Maddow is HOT!!! - Seriously I'd hit it.

A VOTE FOR JUSTIN TRUDEAU IN 2015, WOULD BE THE MOST COWARDLY & IRRESPONSIBLE THING A CANADIAN CITIZEN COULD DO TO THEIR OWN PEOPLE. GUN GRABBERS ARE THE COMMON ENEMY OF ALL PEOPLE.

GUN CONTROL HAS RESULTED IN THE SLAUGHTER OF 262 MILLION CITIZENS BY THEIR GOVERNMENTS OVER THE PAST 100 YEARS.

THE LIBERAL PARTY OF CANADA & THE NDP ENDORSE GUN CONTROL, AN ESSENTIAL POLICY OF HITLER, STALIN, MAO, POL POT, EDI AMIN, QADDAFI, SADDAM, ASSAD, & EVERY OTHER TYRANNICAL GOVERNMENT THIS PAST CENTURY.

CANADIANS MUST NEVER FORGET THE BETRAYAL OF BILLS C-68 & C-17. WE MUST NOT REST UNTIL THEY ARE FULLY REPEALED.

C-19 WAS A GOOD START......BUT JUST A START. GET OFF YOUR COLLECTIVE ASSES AND MAKE AN IMPACT. WE HAVE 26 MONTHS.

I, THEE BOB, SWEAR ON THE ALTER OF GOD TO FIGHT ALL FORMS OF CANADIAN TYRANNY AND SAVE MY COUNTRY FROM THE EVILS OF THE NEW WORLD ORDER. I WILL NEVER HAND IN MY GUNS. EVER. I AM A FREE MAN, I WILL NOT BE THE BITCH OF THE SOCIALIST ESTABLISHMENT. LEAVE ME ALONE.
DeathManGuy

User ID: 24749165
United States
11/27/2012 08:42 PM

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Re: I say "Tax Wealth and not income"
Technically "income" is defined as corporate profits and normal people don't make any "income". Also some argue that the 16th amendment was not ratified, but I would like to hear from those who are able to successfully ward of the boots from stomping on your face when you refuse to pay taxes

[link to en.wikipedia.org]
[link to www.whatistaxed.com]
My life is not my own
DOT 2 DOT

User ID: 24338672
United States
11/27/2012 08:43 PM
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Re: I say "Tax Wealth and not income"
Technically "income" is defined as corporate profits and normal people don't make any "income". Also some argue that the 16th amendment was not ratified, but I would like to hear from those who are able to successfully ward of the boots from stomping on your face when you refuse to pay taxes

[link to en.wikipedia.org]
[link to www.whatistaxed.com]
 Quoting: DeathManGuy


Ooh.. I like that "technicality!"

That's a loophole and a misnomer we ought to devise a way to exploit!

cool2
Although it is not true that all conservatives are stupid,
it is true that most stupid people are conservative.

John Stuart Mill
************
It's much harder to be a liberal than a conservative. Why?
Because it is easier to give someone the finger than a helping hand.
Mike Royko
Anonymous Coward
User ID: 13552759
Canada
11/27/2012 08:50 PM
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Re: I say "Tax Wealth and not income"
No amount of taxes will ever fill the void in the federal deficit. If you raise taxes the government will spend it. People need to stop looking to the government to solve their problems. Depend on yourselves and your neighbors to thrive. Do away with dependency and the government will naturally get smaller. The power of the government is derived from the dependency on it. Grab your life by the horns and hang on. Its a rough ride.
DOT 2 DOT

User ID: 24338672
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11/27/2012 08:56 PM
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Re: I say "Tax Wealth and not income"
No amount of taxes will ever fill the void in the federal deficit. If you raise taxes the government will spend it. People need to stop looking to the government to solve their problems. Depend on yourselves and your neighbors to thrive. Do away with dependency and the government will naturally get smaller. The power of the government is derived from the dependency on it. Grab your life by the horns and hang on. Its a rough ride.
 Quoting: Anonymous Coward 13552759


Then perhaps we should be looking to the Federal Reserve (a private entity) to reduce our deficit by reducing or eliminating the interest so we stand a chance in hell of paying it off.
Although it is not true that all conservatives are stupid,
it is true that most stupid people are conservative.

John Stuart Mill
************
It's much harder to be a liberal than a conservative. Why?
Because it is easier to give someone the finger than a helping hand.
Mike Royko
Anonymous Coward
User ID: 13552759
Canada
11/27/2012 09:08 PM
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Re: I say "Tax Wealth and not income"
No amount of taxes will ever fill the void in the federal deficit. If you raise taxes the government will spend it. People need to stop looking to the government to solve their problems. Depend on yourselves and your neighbors to thrive. Do away with dependency and the government will naturally get smaller. The power of the government is derived from the dependency on it. Grab your life by the horns and hang on. Its a rough ride.
 Quoting: Anonymous Coward 13552759


Then perhaps we should be looking to the Federal Reserve (a private entity) to reduce our deficit by reducing or eliminating the interest so we stand a chance in hell of paying it off.
 Quoting: DOT 2 DOT


Don't get me wrong. I think that the fed is an abomination and goes against every constitutional right americans have. However, take some responsibility in your situation and work with your neighbors and local clubs to do away with the need of a government which relies on the fed. Change begins at the smallest of levels. A tornado begins with a breeze. Do not let the powers that be, be the powers that HAVE to be.
ceawaves

User ID: 912068
United States
11/27/2012 09:21 PM

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Re: I say "Tax Wealth and not income"
Tax 15% of wealth on individuals with $1,000,000 or more and Corporations with liquidity of $2,000,000 and more.

This will be fair for all of us. Then Warren Buffet can finally say he's paying more than his secretary in tax and Oh how patriotic he will feel after that.

All in favor, say Yea!



Idol1
 Quoting: Anonymous Coward 1515637


So what happens the next year after paying a 15% 'wealth' tax on a million? Couldn't tax them at that rate again.. they would no longer be in that bracket.
Anonymous Coward
User ID: 14293559
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11/27/2012 09:23 PM
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Re: I say "Tax Wealth and not income"
Punish success, reward failure. Yup, no incentive to make money anymore.
Anonymous Coward
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11/27/2012 09:24 PM
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Re: I say "Tax Wealth and not income"
For GOD SAKE what the hell is wrong with everyone

no INCOME TAX

You need USERS FEES and SALES TAX

THAT IS FAIR!!
DOT 2 DOT

User ID: 24338672
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11/27/2012 09:30 PM
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Re: I say "Tax Wealth and not income"
Punish success, reward failure. Yup, no incentive to make money anymore.
 Quoting: Anonymous Coward 14293559


Wrong.. no incentive to HOARD money.
Although it is not true that all conservatives are stupid,
it is true that most stupid people are conservative.

John Stuart Mill
************
It's much harder to be a liberal than a conservative. Why?
Because it is easier to give someone the finger than a helping hand.
Mike Royko
Anonymous Coward
User ID: 28613082
United States
11/27/2012 09:31 PM
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Re: I say "Tax Wealth and not income"
Let's start by confiscating some of that Hollywood Illuminati money. Then lets go after all these rap artist who rap about beating their bitches and take away their money. We will call it a morality tax.
DOT 2 DOT

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11/27/2012 09:31 PM
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Re: I say "Tax Wealth and not income"
Let's start by confiscating some of that Hollywood Illuminati money. Then lets go after all these rap artist who rap about beating their bitches and take away their money. We will call it a morality tax.
 Quoting: Anonymous Coward 28613082


A "sin tax" get it?

rofl
Although it is not true that all conservatives are stupid,
it is true that most stupid people are conservative.

John Stuart Mill
************
It's much harder to be a liberal than a conservative. Why?
Because it is easier to give someone the finger than a helping hand.
Mike Royko
ceawaves

User ID: 912068
United States
11/27/2012 09:32 PM

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Re: I say "Tax Wealth and not income"
Punish success, reward failure. Yup, no incentive to make money anymore.
 Quoting: Anonymous Coward 14293559


People should just go to the house..
Anonymous Coward
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11/27/2012 09:32 PM
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Re: I say "Tax Wealth and not income"
Punish success, reward failure. Yup, no incentive to make money anymore.
 Quoting: Anonymous Coward 14293559


Wrong.. no incentive to HOARD money.
 Quoting: DOT 2 DOT


By the looks of you avatar you look like an Obama bitter old bitch supporter.
Anonymous Coward
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11/27/2012 09:33 PM
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Re: I say "Tax Wealth and not income"
Punish success, reward failure. Yup, no incentive to make money anymore.
 Quoting: Anonymous Coward 14293559


Wrong.. no incentive to HOARD money.
 Quoting: DOT 2 DOT


With the current situation, people will be even more driven to hoard cash--not that it will be worth anything.
viking thunder

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11/27/2012 09:33 PM
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Re: I say "Tax Wealth and not income"
yes, and if you did this, it would drive everyone into hard assets, so they did not have liquid wealth to be taxed. because of buying up all they could, the prices of real estate and other hard assets would skyrocket, and no normal person would be able to buy such things anymore.
:Freedom Duck:
DOT 2 DOT

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11/27/2012 09:33 PM
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Re: I say "Tax Wealth and not income"
Punish success, reward failure. Yup, no incentive to make money anymore.
 Quoting: Anonymous Coward 14293559


Wrong.. no incentive to HOARD money.
 Quoting: DOT 2 DOT


By the looks of you avatar you look like an Obama bitter old bitch supporter.
 Quoting: Anonymous Coward 28613082


Yeah I'm old.. and that has WHAT to do with the discussion at hand?

Take a gander at Ayn Rand.

[link to www.slate.com]
Although it is not true that all conservatives are stupid,
it is true that most stupid people are conservative.

John Stuart Mill
************
It's much harder to be a liberal than a conservative. Why?
Because it is easier to give someone the finger than a helping hand.
Mike Royko
Anonymous Coward
User ID: 28613082
United States
11/27/2012 09:35 PM
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Re: I say "Tax Wealth and not income"
Punish success, reward failure. Yup, no incentive to make money anymore.
 Quoting: Anonymous Coward 14293559


Wrong.. no incentive to HOARD money.
 Quoting: DOT 2 DOT


By the looks of you avatar you look like an Obama bitter old bitch supporter.
 Quoting: Anonymous Coward 28613082


Yeah I'm old.. and that has WHAT to do with the discussion at hand?

Take a gander at Ayn Rand.

[link to www.slate.com]
 Quoting: DOT 2 DOT


I was going more for bitter.
DOT 2 DOT

User ID: 24338672
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11/27/2012 09:37 PM
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Re: I say "Tax Wealth and not income"
...


Wrong.. no incentive to HOARD money.
 Quoting: DOT 2 DOT


By the looks of you avatar you look like an Obama bitter old bitch supporter.
 Quoting: Anonymous Coward 28613082


Yeah I'm old.. and that has WHAT to do with the discussion at hand?

Take a gander at Ayn Rand.

[link to www.slate.com]
 Quoting: DOT 2 DOT


I was going more for bitter.
 Quoting: Anonymous Coward 28613082




Bitter Green.. that's my name! Although I didn't do a wall street sit-in. We wouldn't be having these discussions if there weren't a great deal of unrest in America.
Although it is not true that all conservatives are stupid,
it is true that most stupid people are conservative.

John Stuart Mill
************
It's much harder to be a liberal than a conservative. Why?
Because it is easier to give someone the finger than a helping hand.
Mike Royko
Anonymous Coward
User ID: 28613082
United States
11/27/2012 10:00 PM
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Re: I say "Tax Wealth and not income"
...


By the looks of you avatar you look like an Obama bitter old bitch supporter.
 Quoting: Anonymous Coward 28613082


Yeah I'm old.. and that has WHAT to do with the discussion at hand?

Take a gander at Ayn Rand.

[link to www.slate.com]
 Quoting: DOT 2 DOT


I was going more for bitter.
 Quoting: Anonymous Coward 28613082




Bitter Green.. that's my name! Although I didn't do a wall street sit-in. We wouldn't be having these discussions if there weren't a great deal of unrest in America.
 Quoting: DOT 2 DOT


You need to read a book about William Bradford and you will understand why wealth redistribution does not work.

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