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Home › Forums › Financial Markets/Economics › Job Creation w/o Added Debt, Taxes or Inflation

  • This topic has 95 replies, 11 voices, and was last updated 16 years ago by cr.
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  • December 1, 2008 at 11:33 AM #310711
    kewp
    Participant

    Pigovian taxes plus a steeper progressive taxation would do wonders.

    Why the wealthiest 1% aren’t paying 50% of their income in taxes is beyond me.

    December 1, 2008 at 11:38 AM #310715
    (former)FormerSanDiegan
    Participant

    [quote=kewp]
    Why the wealthiest 1% aren’t paying 50% of their income in taxes is beyond me.[/quote]

    It’s because if they did, they would no longer be among the wealthiest 1%.

    Besides, the current tax system does not tax the wealthiest progressively more. It taxes those with higher incomes progressively more. Big difference.

    December 1, 2008 at 11:38 AM #310633
    (former)FormerSanDiegan
    Participant

    [quote=kewp]
    Why the wealthiest 1% aren’t paying 50% of their income in taxes is beyond me.[/quote]

    It’s because if they did, they would no longer be among the wealthiest 1%.

    Besides, the current tax system does not tax the wealthiest progressively more. It taxes those with higher incomes progressively more. Big difference.

    December 1, 2008 at 11:38 AM #310650
    (former)FormerSanDiegan
    Participant

    [quote=kewp]
    Why the wealthiest 1% aren’t paying 50% of their income in taxes is beyond me.[/quote]

    It’s because if they did, they would no longer be among the wealthiest 1%.

    Besides, the current tax system does not tax the wealthiest progressively more. It taxes those with higher incomes progressively more. Big difference.

    December 1, 2008 at 11:38 AM #310607
    (former)FormerSanDiegan
    Participant

    [quote=kewp]
    Why the wealthiest 1% aren’t paying 50% of their income in taxes is beyond me.[/quote]

    It’s because if they did, they would no longer be among the wealthiest 1%.

    Besides, the current tax system does not tax the wealthiest progressively more. It taxes those with higher incomes progressively more. Big difference.

    December 1, 2008 at 11:38 AM #310244
    (former)FormerSanDiegan
    Participant

    [quote=kewp]
    Why the wealthiest 1% aren’t paying 50% of their income in taxes is beyond me.[/quote]

    It’s because if they did, they would no longer be among the wealthiest 1%.

    Besides, the current tax system does not tax the wealthiest progressively more. It taxes those with higher incomes progressively more. Big difference.

    December 1, 2008 at 11:48 AM #310622
    peterb
    Participant

    Income tax is for people that have an income. Really wealthy have investments that make them money. That’s why their always harping about capital gains taxes. That’s where they get kicked in the crotch. But there are plenty of ways to have a gain protected from taxes or where the IRS is not notified of the gain. Try sneaking around income tax some time. Pretty tough. Just the “man” keeping you down.

    December 1, 2008 at 11:48 AM #310731
    peterb
    Participant

    Income tax is for people that have an income. Really wealthy have investments that make them money. That’s why their always harping about capital gains taxes. That’s where they get kicked in the crotch. But there are plenty of ways to have a gain protected from taxes or where the IRS is not notified of the gain. Try sneaking around income tax some time. Pretty tough. Just the “man” keeping you down.

    December 1, 2008 at 11:48 AM #310665
    peterb
    Participant

    Income tax is for people that have an income. Really wealthy have investments that make them money. That’s why their always harping about capital gains taxes. That’s where they get kicked in the crotch. But there are plenty of ways to have a gain protected from taxes or where the IRS is not notified of the gain. Try sneaking around income tax some time. Pretty tough. Just the “man” keeping you down.

    December 1, 2008 at 11:48 AM #310259
    peterb
    Participant

    Income tax is for people that have an income. Really wealthy have investments that make them money. That’s why their always harping about capital gains taxes. That’s where they get kicked in the crotch. But there are plenty of ways to have a gain protected from taxes or where the IRS is not notified of the gain. Try sneaking around income tax some time. Pretty tough. Just the “man” keeping you down.

    December 1, 2008 at 11:48 AM #310648
    peterb
    Participant

    Income tax is for people that have an income. Really wealthy have investments that make them money. That’s why their always harping about capital gains taxes. That’s where they get kicked in the crotch. But there are plenty of ways to have a gain protected from taxes or where the IRS is not notified of the gain. Try sneaking around income tax some time. Pretty tough. Just the “man” keeping you down.

    December 1, 2008 at 12:27 PM #310638
    cr
    Participant

    [quote=UCGal]But small businesses in the wrong sector will fail.

    Being a small business isn’t enough to guarantee success.[/quote]
    Any company not good at what they do will likely fail. My point in attempting to answer the question was to identify where jobs will come from. It goes without saying businesses need to be competent, efficient and profitable. Only the Government (and now its list of bailed out companies) can operate incompetently, inefficiently and continue overspending.

    Why is raising taxes the only answer? Why can’t the Government spend less? When did Congress last take a paycut?

    December 1, 2008 at 12:27 PM #310663
    cr
    Participant

    [quote=UCGal]But small businesses in the wrong sector will fail.

    Being a small business isn’t enough to guarantee success.[/quote]
    Any company not good at what they do will likely fail. My point in attempting to answer the question was to identify where jobs will come from. It goes without saying businesses need to be competent, efficient and profitable. Only the Government (and now its list of bailed out companies) can operate incompetently, inefficiently and continue overspending.

    Why is raising taxes the only answer? Why can’t the Government spend less? When did Congress last take a paycut?

    December 1, 2008 at 12:27 PM #310680
    cr
    Participant

    [quote=UCGal]But small businesses in the wrong sector will fail.

    Being a small business isn’t enough to guarantee success.[/quote]
    Any company not good at what they do will likely fail. My point in attempting to answer the question was to identify where jobs will come from. It goes without saying businesses need to be competent, efficient and profitable. Only the Government (and now its list of bailed out companies) can operate incompetently, inefficiently and continue overspending.

    Why is raising taxes the only answer? Why can’t the Government spend less? When did Congress last take a paycut?

    December 1, 2008 at 12:27 PM #310274
    cr
    Participant

    [quote=UCGal]But small businesses in the wrong sector will fail.

    Being a small business isn’t enough to guarantee success.[/quote]
    Any company not good at what they do will likely fail. My point in attempting to answer the question was to identify where jobs will come from. It goes without saying businesses need to be competent, efficient and profitable. Only the Government (and now its list of bailed out companies) can operate incompetently, inefficiently and continue overspending.

    Why is raising taxes the only answer? Why can’t the Government spend less? When did Congress last take a paycut?

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