Tax Inequality - a heartbreaking look

[Spartacus Sully]

You still sporting that silly signature about Capitalism? And did you just parrot off Obama Administration talking points...albeit in a poorly devised fashion.

My argument is that we need to stop tearing down the top with taxes, it is never going to prop up the poor, rather we need the top to restructure such that they prop up the poor themselves through a living wage.

the rich dont need to pay more to the government, thats the last thing we want, they need to pay more to their employees.

[cupocity303]

It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

Adam Smith: The Wealth of Nations

http://daviddfriedman.blogspot.com/2...dam-smith.html

[cupocity303]

.............

[1bad65]

"If the solution is as simple as just raising the minimum wage, why stop at $10/hr? Why not raise it to $100/hr? "

no you didnt read my post and yes you did present a strawman.


It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

Adam Smith: The Wealth of Nations

Nice way to duck the question. Ok, let's try it again. Since you feel the Federal Government should set the minimum wage, why not raise it to $100/hr instead of only raising it to $10/hr? Wouldn't $100/hr give workers an even better standard of living than $10/hr would?

Adam Smith did not write this country's Constitution. I asked for quotes from our Founders on this topic. Please, try again.

[Jim Jeffries]

Well this Sully fella just might be eligible for a Nobel Prize in Economics. He's figured out a way to take profits already being taxed heavily by businesses, force those businesses to pay employees more than they are worth and come up with more tax revenue by taxing that money at a lesser rate. Granted he seems oblivious to the fact that we already have a progressive income tax since he keeps regurgitating the same tired Adam Smith quote, but maybe they'll overlook this oversight.

[Da Machine]

Trickly down economics don't work. Billionaires are billionaires for a reason, and it sure is **** aint to share it with you.

[1bad65]

Trickly down economics don't work. Billionaires are billionaires for a reason, and it sure is **** aint to share it with you.

That is false. The 1980s show you are wrong. While the rich did get richer, so did the working class. Real median income grew by $4,000/yr during the Reagan years, and that's in 1986 dollars! The poverty rates went down as well during this time. Tax revenues increased as more American workers became upwardly mobile and the economy grew. Reagan had GDP growing at quarterly rates of up to 9.3%, growth not seen since the 1960s and not seen since.

While you may argue that billionaires don't share, the fact is they do things like buy stuff and expand their companies that help us non-rich workers. When they buy stuff workers have to manufacture the stuff, truckers have to ship the stuff to retailers, and the businesses/salespeople selling the stuff make money too. And when the rich expand their businesses, they hire more employees.

Sources:
http://www.cato.org/pubs/pas/pa-261.html
http://www.tradingeconomics.com/unit...tes/gdp-growth
http://dmc122011.delmar.edu/socsci/r...ertyTrends.htm