Fear of a Black President

The wealthy get pulled down when they suffer a reduction in profits. If that reduction continues long enough, the wealthy suffer loses. If the losses continue long enough, the wealthy become bankrupt. If the wealthy suffer all this, so do their employees and investors: reduction of incomes; loss of incomes; loss of jobs. If the wealthy suffer all this, there are fewer products for me to buy. If the wealthy suffer this, less is invested by them in making life better. If all that happens, I am more easily victimized by a growing perpetual power seeking government.

By the way, I was ecstatic when I learned that in less than the last 50 years, the total number of billionaires increased from 13 to 500.

Oh, now I understand: it's god's words that disallows taxation to the rich.
Now, that's rich!

c. i. :
i hope you studied the new math !
remember : going downhill from 13 to 500 ! :wink:
things are desparate for the billionaire class , really desparate !
before we know it , there won't be any left !
hbg

They need more tax cuts! Never mind that those children who aren't even working will be paying on "our" debt. Yeah, we can't "steal" from the rich; let's let our children pay for all of today's overspending by our government.

Then charity can be strictly private and far more effective than all those charities run by power seeking government bureaucrats. All the government charities manage to do besides buy votes is increase the number of their clientele.

ican wrote (in reverse order) :


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The wealthy get pulled down when they suffer a reduction in profits. If that reduction continues long enough, the wealthy suffer loses. If the losses continue long enough, the wealthy become bankrupt. If the wealthy suffer all this, so do their employees and investors: reduction of incomes; loss of incomes; loss of jobs. If the wealthy suffer all this, there are fewer products for me to buy. If the wealthy suffer this, less is invested by them in making life better. If all that happens, I am more easily victimized by a growing perpetual power seeking government.

hbg added : so i expect there to be FEWER wealthy people now ("The wealthy get pulled down when they suffer ..." )
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By the way, I was ecstatic when I learned that in less than the last 50 years, the total number of billionaires increased from 13 to 500.

as fred willard says : "what happen ? "
billionaires got pulled DOWN from 13 to 500 ? i better study the NEW MATH !

ican wrote :

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Then charity can be strictly private and far more effective than all those charities run by power seeking government bureaucrats. All the government charities manage to do besides buy votes is increase the number of their clientele.

i could NEVER understand the need for charity of any kind that involves money (and i'm too old now to change my mind) .
every citizen should have the right to a job or sufficient money for LIVING EXPENSES (accomodation , food , medical needs) .

if people can work , give them a job with a living wage , if they cannot work for whatever reason , give them an income that will take care of their living expenses .

why we would ask anyone to live on charity/handouts , simply eacapes me !

in ontario we even have casinos called CHARITY CASINOS !
hbg

if people can work , give them a job with a living wage , if they cannot work for whatever reason , give them an income that will take care of their living expenses .

You wrote (emphasis mine):
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if people can work , give them a job with a living wage , if they cannot work for whatever reason , give them an income that will take care of their living expenses .

That's charity!

A government that can confiscate the property of the wealthy for no other reason that 'they don't deserve to be so wealthy' is a government that can and will take whatever it wants from you.

Foxfyre wrote:

A government that can confiscate the property of the wealthy for no other reason that 'they don't deserve to be so wealthy' is a government that can and will take whatever it wants from you.

Under the constitution, a person whose property is confiscated is entitled to fair compensation.

A government that can confiscate the property of the wealthy for no other reason that 'they don't deserve to be so wealthy' is a government that can and will take whatever it wants from you.

We have pretty much always had an ability-to-pay income tax system. That is what graduated rates provide. Since the wealthy have such a wildly-disproportionate share of the income and wealth, provided by the country's economic system, it is only fair that they pay a higher percentage.

I guess you guys would rather continue to borrow and spend, running up the national debt, until our fiat money is totally worthless.

We have pretty much always had an ability-to-pay income tax system. That is what graduated rates provide. Since the wealthy have such a wildly-disproportionate share of the income and wealth, provided by the country's economic system, it is only fair that they pay a higher percentage.

I guess you guys would rather continue to borrow and spend, running up the national debt, until our fiat money is totally worthless.

Increasing taxes on one is increasing taxes on all, in effect.

If we decide to tax doctors because they are wealthy, where will they get the extra dough to pay the increased load?

Well, they will simply increase their fees, or cut jobs, or both.

How this benefits the poor and middle class is left unexplained by the genius liberals.