Should there be a cap on attainable wealth?

Should there be a cap on attainable wealth?

  • Total voters
    58
NLXSK1

NLXSK1

Well-Known Member

  • I thought you wanted to tax the rich? Cap the pay is against that.​
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I want everyone to pay less taxes..

I also want no limits on income.

CEO's have tens if not hundreds of thousands of workers getting paychecks under them. Sports stars and entertainers cannot claim such a secondary benefit to the economy. I want everyone to earn what they can but want to point out to people who talk about limiting salaries and income that athletes and actors are rarely referenced as the ebil rich...
 
N

NoDrama

Well-Known Member
Winter Woman said:
It is legal and it is called Shorting. Perfectly legal. In all my years I have never, NEVER, knew or met anyone who traded big board stocks face to face. So how would this person TELL another person it was valuable? And it isn't fraud. As a buyer of stocks it is YOUR responsibility to do your due diligence, if you don't you shouldn't be buying stocks.

You are really stretching things here in trying to make your point which reduces the value of your answer in my eyes.
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You can't sell a product and tell them it cures cancer when it actually kills the patient, its called fraud when its your own product and you know it kills. Fraud, and that is why the SEC has levied fines against these banks, because they have involved themselves with FRAUD, not legal shorting or long call positions in the options markets, short puts, straddles, CDOs, Swaps or anything else that is legal. Fraud.
 
canndo

canndo

Well-Known Member
Progressive taxaton - to 90 percent above 10 million a year and an absolute inheritance tax above 5 million. Except for that, everyone starts with a clean slate.
 
Wolfhound

Wolfhound

Active Member
Is $18,000 per year too rich ? Which socialist, communist makes that decision ? What kind of fools are being raised in this country today that would turn us into a third world country ? Enough of the Obumma politics already.
 
VILEPLUME

VILEPLUME

Well-Known Member
This debate is all wrong.

First off, if you hate big corporations/companies DONT WORK FOR THEM.

The easiest way to give the finger to the fat cats is to start your own small business. It is mad hard and risky, but if you truly dont want to give money to those companies and the billion dollar owners, dont work for those companies.

Instead of complaining about the system, use the system to work for you.
 
budlover13

budlover13

King Tut
canndo said:
Progressive taxaton - to 90 percent above 10 million a year and an absolute inheritance tax above 5 million. Except for that, everyone starts with a clean slate.
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Why should a child pay taxes on money that has already been taxed?

And 90% for being successful?
 
Harrekin

Harrekin

Well-Known Member
budlover13 said:
Why should a child pay taxes on money that has already been taxed?

And 90% for being successful?
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He should clearly move to China, but AFAIK they're moving to a less strict taxation system than Commie-do suggests.

Hes also clearly given up on ever amassing wealth himself.

Ahh Lefties, no wonder they love the State, they steal from the rich and give to the ones who've given up on trying to be successful themselves.

God bless New America.
 
Padawanbater2

Padawanbater2

Well-Known Member
Here's a random question...

If someone has "given up" on trying to be successful, do you think it's OK to let that person starve to death?

How would it change your answer, if at all, if the reasons he "gave up" were;

-he used drugs his whole life so was unable to pass a drug test for employment
-he suffers from a medical problem and spends all his money paying for treatment
-he's a disabled war vet unable to find adequate employment to pay rent
-he's past retirement age and is unable to work a job that covers his cost of living
-he's a 1st generation immigrant that no one will hire
-he worked his whole life in a profession that's currently being downsized and doesn't have many other skills required for other jobs
 
Ringsixty

Ringsixty

Well-Known Member
Currency makes the Global World go around. But, it ain't going to last....if you only knew how much of a Global Financial Train Wreck we are all in. Can you say? "Global Ponzi scheme".
It won't matter how much currency you make.
 
abandonconflict

abandonconflict

Well-Known Member
beenthere said:
Easy, you get the best paying job you can with the education and skills you've attained.
If it takes going back to school, so be it. Then you work your tail off and sacrifice your play time while you're saving your money and investing it, you have to train yourself that your finances come before expensive toys and your social life (except for your kids), before you know it, you'll be so wrapped up in your own life that you're no longer concerned with how much others are making!
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Fuck that.

Besides, how ironic is it that income is the yardstick by which you measure yourself and conclude with not caring what others make?

Work harder and stop enjoying life and freedom in order to chase socioeconomic upward mobility that won't make you happy anyway in a competitive system.

Work your tail off making your boss rich in the "best paying job you can" with no regard for how much you enjoy it. You're an automaton. Just die already.
 
Padawanbater2

Padawanbater2

Well-Known Member
abandonconflict said:
Fuck that.

Besides, how ironic is it that income is the yardstick by which you measure yourself and conclude with not caring what others make?

Work harder and stop enjoying life and freedom in order to chase socioeconomic upward mobility that won't make you happy anyway in a competitive system.

Work your tail off making your boss rich in the "best paying job you can" with no regard for how much you enjoy it. You're an automaton. Just die already.
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He doesn't seem to understand the playing field isn't the same for all of us.

Nor does he seem to care or believe it.

He thinks we should all lift ourselves up by our bootstraps and doesn't care if anybody starts out with less opportunity. If you're poor, it's your own fault, that's it.

Apparently an understanding of history, economics, and common sense are only traits of socialist, liberal, lefty with a stick up their ass for Obama..
 
canndo

canndo

Well-Known Member
budlover13 said:
Why should a child pay taxes on money that has already been taxed?

And 90% for being successful?
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All money is taxed multiple times, what is the difference? I pay income taxes and then pay a gasoline tax on the money that was already taxed. I pay tax on the liquor I drink after having had my money taxed several times previously. Those who think that all money should only be taxed once don't live in the real world.

yes, 90 percent for being successful. Specificly, no taxes at all on the first 30,000, and progressively more until you reach 90 percent. It worked very well before, it will work as well again. Of course this tax is only for folks who "cash in".
 
canndo

canndo

Well-Known Member
Harrekin said:
He should clearly move to China, but AFAIK they're moving to a less strict taxation system than Commie-do suggests.

Hes also clearly given up on ever amassing wealth himself.

Ahh Lefties, no wonder they love the State, they steal from the rich and give to the ones who've given up on trying to be successful themselves.

God bless New America.
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Who said anything about amassing wealth? Why is this the only measure, how about amassing love? how about amassing friends or experience or knowlege?

Some lefties don't want to "steal from the rich" any more than the rich steals from the poor.
 
B

beenthere

New Member
Padawanbater2 said:
Here's a random question...

If someone has "given up" on trying to be successful, do you think it's OK to let that person starve to death?

How would it change your answer, if at all, if the reasons he "gave up" were;

-he used drugs his whole life so was unable to pass a drug test for employment His problem.
-he suffers from a medical problem and spends all his money paying for treatment Our problem.
-he's a disabled war vet unable to find adequate employment to pay rent Our problem.
-he's past retirement age and is unable to work a job that covers his cost of living. He needs to live within his means.
-he's a 1st generation immigrant that no one will hire He can move back to his home country.
-he worked his whole life in a profession that's currently being downsized and doesn't have many other skills required for other jobs
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If someone worked their whole life, they will more than likely not starve.
 
B

beenthere

New Member
canndo said:
All money is taxed multiple times, what is the difference? I pay income taxes and then pay a gasoline tax on the money that was already taxed. I pay tax on the liquor I drink after having had my money taxed several times previously. Those who think that all money should only be taxed once don't live in the real world.

yes, 90 percent for being successful. Specificly, no taxes at all on the first 30,000, and progressively more until you reach 90 percent. It worked very well before, it will work as well again. Of course this tax is only for folks who "cash in".
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There's so many holes in your analogy I don't know where to begin so I'll start with the fact that none of the examples you listed were double taxation on your income, all were taxes on a service you chose to engage in.

Also, where in the world did you get the idea that the government actually taxed the wealthy at 90%, it simply isn't true.
 
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