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  #11  
Old 07-16-2009, 06:52 PM
Sandy G Sandy G is offline
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Punishing the rich, while it may make us po' folks feel good, is a bad precedent...For if The Rich lose incentive to re-invest their Ill-Gotten gains in more stores or hiring more people to oppress, the the jig's about up..Too bad the Obamessiah who Art in Washington is too stupid or too full of hate & contempt to grasp this, something about every 1st year Econ major knows...
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  #12  
Old 07-16-2009, 07:51 PM
noonereal noonereal is offline
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Punishing the rich, ...

that quite a take on social responsibility
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  #13  
Old 07-16-2009, 10:06 PM
Sandy G Sandy G is offline
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One man's "Social responsibility" is another man's "Soaking the Rich"...It all depends on whose Ox is getting gored...
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  #14  
Old 07-17-2009, 05:00 AM
noonereal noonereal is offline
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One man's "Social responsibility" is another man's "Soaking the Rich"...It all depends on whose Ox is getting gored...
People become rich through the sociaty, they do not create wealth in a vacuum. Seems to me it is in the best interest of that sociaty to levy a fair tax so sociaty can continue to advance.
I will admit that history teaches us that when the wealthy are unencumbered by taxes the masses go hungry and die in the streets then riot.
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  #15  
Old 07-17-2009, 05:29 AM
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JJIII JJIII is offline
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Originally Posted by noonereal View Post
People become rich through the sociaty, they do not create wealth in a vacuum. Seems to me it is in the best interest of that sociaty to levy a fair tax so sociaty can continue to advance.
I will admit that history teaches us that when the wealthy are unencumbered by taxes the masses go hungry and die in the streets then riot.
Key phrase here is "fair tax".
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  #16  
Old 07-17-2009, 06:19 AM
noonereal noonereal is offline
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Key phrase here is "fair tax".
yep
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  #17  
Old 07-17-2009, 07:06 AM
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merrylander merrylander is offline
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Quote:
Originally Posted by Sandy G View Post
Punishing the rich, while it may make us po' folks feel good, is a bad precedent...For if The Rich lose incentive to re-invest their Ill-Gotten gains in more stores or hiring more people to oppress, the the jig's about up..Too bad the Obamessiah who Art in Washington is too stupid or too full of hate & contempt to grasp this, something about every 1st year Econ major knows...

Got to agree with one part - the "Ill-gotten gains" bit. After two decades or more of observing business I reached a simple conclusion. Businesses and those running them are only as honest as they are forced to be. The derivatives scandal was the shining example, once the risk seems nil greed runs rampant.

I would suggest that most rich people either inherited it or stole it.
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  #18  
Old 07-17-2009, 03:24 PM
Charles Charles is offline
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Got to agree with one part - the "Ill-gotten gains" bit. After two decades or more of observing business I reached a simple conclusion. Businesses and those running them are only as honest as they are forced to be. The derivatives scandal was the shining example, once the risk seems nil greed runs rampant.

I would suggest that most rich people either inherited it or stole it.
I've never felt that business was inherently evil. Not even the investment bankers and stockbrokers. But there are some rotten apples, and they need to be plucked from the barrel and sent to jail.

Bad thing is, we don't have a bunko squad to speak of. At least one that hasn't been bought off.

Chas
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  #19  
Old 07-17-2009, 04:27 PM
Sandy G Sandy G is offline
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Hell, let's stick the effin' rich w/a 91% top rate like thet had in the '50s...Then along came a new president in '61, he CUT the top marginal rates to a still usurous 70%, but the economy boomed...
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  #20  
Old 07-17-2009, 05:05 PM
Charles Charles is offline
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Hell, let's stick the effin' rich w/a 91% top rate like thet had in the '50s...Then along came a new president in '61, he CUT the top marginal rates to a still usurous 70%, but the economy boomed...
Laffer curve?

http://en.wikipedia.org/wiki/Laffer_curve

Makes a certain amount of sense to me.

Chas
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