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Super Tax The Super Rich. An Idea Whose Time Has Come. Again.


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2012 Mar 1, 1:09pm   29,372 views  76 comments

by marquismark   ➕follow (0)   💰tip   ignore  

http://johnsroom.wordpress.com/2012/01/21/super-tax-the-super-rich-an-idea-whose-time-has-come-again/

Super-tax the super-rich: an idea whose time has come. Again.
Posted on January 21, 2012

Warren Buffett, one of the wealthiest men in the world, is famous for saying that his tax rate (17.7%) is lower than his secretary’s (30%).* Mr. Buffett makes a valid point. Right now, multi-multi-millionaires in the USA are paying their lowest tax rates since the Great Depression. Fiscal conservatives insist that lower taxes spur job growth and stimulate the economy. They are only partly right. As I will show here, lowering taxes can improve the economy, but only if you lower taxes on the middle class. Not the very rich.
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63   freak80   2012 Mar 19, 6:29am  

Big Business crushes the entrepreneurial spirit just as much as Big Government does.

The fight is not between "Socialists" and "Capitalists." Quit falling for that particular "us vs. them" trap.

The real fight is between the Crony Capitalists (Mega-Corporations and other special interests that own our Big Government) and the rest of us who are totally skrewed by this unholy alliance.

64   Honest Abe   2012 Mar 19, 7:44am  

Wthfkr80, I think you hit the nail on the head when you said Big Government crushes the entrepreneurial spirit.

In a survey I recently heard about, when asked the question: "Is government helping, not helping, or hurting your ability to get ahead" [From memory - not necessarily an exact quote] Only 33% said government was helping...whereas 67% said big government was either not helping, or actually hurting their chances of getting ahead. Big, constantly growing, intrusive government is not the solution - its the problem.

Limited, constitutional government would go a long way in solving our countries current problems.

65   marquismark   2012 Mar 19, 10:09am  

wthrfrk80 says

I have also permanently tuned-out Dishonest Abe's noise.

Is his still yapping even after I put him ignore? He's like a turd that just won't flush...

66   Honest Abe   2012 Mar 19, 10:44am  

Hahaha, you very vocal, but weak minded liberals love to hurl your derogatory (often sexual) slurs at those who are mentally and emotionally superior to yourselves. Hahaha.

Your crude remark reveals you to be my inferior. Go ahead, block me all you want. Hahaha.

BTW, what have you read lately? Or are you too chicken to say. I double dog dare you. You won't, coward, will you?

Big hat, no cattle. Big wind, no substance. Big head, no mind.

And just to be clear, you sir, are in the minority. The very vocal minority.

67   Honest Abe   2012 Mar 20, 3:07am  

Nomo, why do you constantly play the "Am talk radio" card? Is that all you got?

Todays book: The Anti Capitalist Mentality, by L.V. Mises

BTW, no matter how you attempt to disguise it, A HEAVY PROGRESSIVE INCOME TAX is one of the planks of THE COMMUNIST MANEIFSTO...COMRADE.

68   freak80   2012 Mar 20, 3:12am  

Oh no. Abe is using the Chewbacca Defense!

69   bob2356   2012 Mar 20, 3:36am  

Honest Abe says

Hahaha, you very vocal, but weak minded liberals love to hurl your derogatory (often sexual) slurs at those who are mentally and emotionally superior to yourselves. Hahaha.

Flushing turds is a sexual slur? I really don't want to know what goes on behind your bedroom door.

70   Honest Abe   2012 Mar 20, 4:06am  

Bob, having trouble reading? I said "weak minded liberals love to hurl derogatory (often sexual) slurs".

Then you end with another dig, hahaha, is that all you got?

When only one entity has a monopoly on the use of violence to enforce rules, funded by taxpayer dollars, it is called government.

Have a good day.

71   MisdemeanorRebel   2012 Mar 20, 5:20am  

thomas.wong1986 says

Chances of them falling into the Soviet block without Soviet Red Army occupation very little.

Not just Soviet Block, electing a Socialist or Trotskyite party that would drop out of NATO and kick out US troops and close US bases. This was the danger with Greece and Italy in particular.

72   bob2356   2012 Mar 21, 4:53am  

Honest Abe says

Bob, having trouble reading? I said "weak minded liberals love to hurl derogatory (often sexual) slurs".

Then you end with another dig, hahaha, is that all you got?

When only one entity has a monopoly on the use of violence to enforce rules, funded by taxpayer dollars, it is called government.

Have a good day.

I might as well do digs. You have never in all the years I've read Patrick.net actually offered any type of suggestions how things could be better. You have only one trick, government is bad. But no suggestion whatsoever what would be good. Not that you ever answer other than to spew anti government am radio regurgitations, but what is your vision of how society should function?

73   Honest Abe   2012 Mar 22, 9:12am  

Bob, my vision is stated in my book: "Is Government the Problem?" but I won't publish it. I don't want to be on the government kill list, but I probably am already.

All of my suggestions get trashed because they are based on freedom, liberty, sound money and the constitution. All the things necessary for a healthy society.

Government is like fire, a necessary evil. If you don't contrtol it, it will destroy you.

74   thomas.wong1986   2012 Mar 23, 2:16pm  

Milton Friedman: Why soaking the rich won't work.

http://www.youtube.com/embed/Wi-D24oCa10&feature=related

75   Honest Abe   2012 Mar 24, 12:04am  

Patrick, If I get LESS when the 1%'rs make MORE, do I get MORE when they make LESS?

I'm going to buy stock in those companies who financially rape and pillage America, then I'll have the right to complaign how much the CEO makes. My stock profit wouldbe directly related to expenses (salaries), right?

Otherwise its none of my business (I'm not a lib, and as such I don't have a busy-body, entitlement mentality).

76   Vicente   2012 Mar 24, 1:26am  

Honest Abe says

If I get LESS when the 1%'rs make MORE, do I get MORE when they make LESS?

Historically speaking, yes you do.

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