@Brandon9000,
Quote: Do we now want to pull anyone who does better than we do without cheating down to our level out of jealousy? Even if this particular man wasn't a good example, the philosophical question remains
No this man was a good example of how the tax code favors the rich by endless loopholes and creduits for business investment. Thats why I feel that the average mid class workers WAGE has been purposely conflated (by the GOP natch) with the business investments of small businesses. The tax laws are favorable to risk taking and it catches up with you AFTER you make it. I think that is entirely fair.
NOW as to increasing tax rates on those who can afford it is not too hard to explain. You forget that the very tax code IS THE BIGGEST CHEATING MECHANISM MADE. Once again we have a tax system that is highly favorable to those who make a lot of money. It is especially nice on "Trust fund babies" who have never WORKED A DAY IN THEIR LIVES.
IMHO We are in a second "Gilded Age" with a premise built upon DE-industrialization and exploitation of a shrinking middle class. THe exploitation has nothing to with the fault or shortcomings of the wrokers. MAny workers and middle managers have , together, made the US worker among the most competent and innovative, and best producers of the world. When a company and its board decides to outsource these jobs and entire production merely in order to max profits that (indirectly) servive the "trust funders" and exploit the workers who generated the initial profits , how can you take the side of the industrialists who are really mass exploiters of their own workers(And then the GOP has the balls to wear the mantel of deep concern for the workers, by saying that "the fundamentals of the economy, ie, the workers, are sound").
Maintaining a "competitive edge" for a business has often been the excuse for mass layoffs and shrinkage in the middle class. The problem at Detroit has been blamed upon labor, when, in reality, its the incompetent design theories employed by overpaid and incompetent management.
The first " gilded age" was based upon exploitation of the poor ( made up of A huge portion of the population and a necessary component of a dawning industrial age). This gilded age is based upon an exploitation of a middle class.
SO, trying to take the side of a "person who has worked hard and built himself up " and to state that they shouldnt be excessively taxed, IS TOTAL BULLSHIT. Id seuggest you learn a bit more about the tax code and how protective it is for the wealthy (and nearly wealthy).
Ive always wondered one simple case, and Id be happy to hear your explanation. The FICA contributions of a worker, for computing social security bene fits, terminates at 99000$. The vast majority of regular (national) income is (volumetrically) much greater than 99K. Why not tax everyone to the complete level of their salaries or incomes??
This would result in instant solvency for the social security program . Isnt the selective forgiveness of taxing higher incomes an example of how the wealthy are already coddled by the tax code?.
Im in a comfortable tax bracket and would not mind if I were to have to pay my "fair share", If you seek out what Bill GAtes has to say, he too (hes in a higher tax bracket than I) says that hed be willing to pay a fairer share.
I think that the mantel of "no new taxes" is worn by certain middle class conservatives, who dont fully understand the confisctory cutoff of the tax code and how it suits perfectly the higher income brackets.
I spend good dollars to have my personal and business taxes prepared, and Ive never had to (legally) pay significant taxes ever since I began earning a good living. Usually we get refunds because of allowable deductions , credits, shcedules, etc.
I take avantage of the tax code and any accountant can tell you that its complex redistributive allowances are a dirty little secret (apparently), That many people (those loaded with slogans like yours), dont "get "