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| Topic: Redistribution of Wealth... | |
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Here is a creative approach to redistribution of wealth.... Today on my way to lunch I passed a homeless guy with a sign that read 'Vote Obama, I need the money.' The guy had more guts than a Tennis Racket Factory sitting there showing his support.....but then... Once in the restaurant, I noticed my waiter had on a "Obama 08" tee shirt. When the bill came, I decided not to tip the waiter and explained to him while he had given me exceptional service, that his tee shirt made me feel he obviously believes in Senator Obama's plan to redistribute the wealth. I told him I was going to redistribute his tip to someone that I deemed more in need--the homeless guy outside. He stood there in disbelief and angrily stormed away. I went outside, gave the homeless guy $3 and told him to thank the waiter inside, as I had decided he could use the money more. The homeless guy looked at me in disbelief but seemed grateful. As I got in my truck, I realized this rather unscientific redistribution experiment had left the homeless guy quite happy for the money he did not earn, but the waiter was pretty angry that I gave away the money he did earn. Well, I guess this redistribution of wealth is going to take a while to catch on, with those of us actually doing the work. That's what has happened. The line separating the low income and the middle is disappearing. |
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Here is a creative approach to redistribution of wealth.... Today on my way to lunch I passed a homeless guy with a sign that read 'Vote Obama, I need the money.' The guy had more guts than a Tennis Racket Factory sitting there showing his support.....but then... Once in the restaurant, I noticed my waiter had on a "Obama 08" tee shirt. When the bill came, I decided not to tip the waiter and explained to him while he had given me exceptional service, that his tee shirt made me feel he obviously believes in Senator Obama's plan to redistribute the wealth. I told him I was going to redistribute his tip to someone that I deemed more in need--the homeless guy outside. He stood there in disbelief and angrily stormed away. I went outside, gave the homeless guy $3 and told him to thank the waiter inside, as I had decided he could use the money more. The homeless guy looked at me in disbelief but seemed grateful. As I got in my truck, I realized this rather unscientific redistribution experiment had left the homeless guy quite happy for the money he did not earn, but the waiter was pretty angry that I gave away the money he did earn. Well, I guess this redistribution of wealth is going to take a while to catch on, with those of us actually doing the work. That's what has happened. The line separating the low income and the middle is disappearing. 
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Edited by
Unknow
on
Sun 11/09/08 05:01 PM
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Think of all the different types of taxes the rich may pay.
Federal Income tax State Income tax Sales tax on items purchased Property tax on real property Intangible tax on interest or securities Capital gains tax on property sold Inheritance tax Tax on corporate earnings 1/2 of employment taxes for employees such as Medicare and Social Security tax Unemployment compensation tax People with money look for return on investment for their money invested. Part of calculating that return is to look at the tax ramifications of making that investment. Everything we do in this country starts with investment capital, from the bonds that are sold to build highways to the common stock people buy in General Motors. If you tax capital gains by too much, such as those when a stock is sold after going up in value, then people with money will simply find an alternative place to put their money where the yield is higher and not as likely to go to the government in taxes. Rich people have choices. They hire accountants so they will wind up paying the least in taxes. Raising taxes on the rich simply means there will be less investment capital for the businesses who hire people like us. The economy grows by having people invest in it. For all of you who want to stick it to the rich I hope you realize that you might just wind up unemployed. |
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Think of all the different types of taxes the rich may pay. Federal Income tax State Income tax Sales tax on items purchased Property tax on real property Intangible tax on interest or securities Capital gains tax on property sold Inheritance tax Tax on corporate earnings 1/2 of employment taxes for employees such as Medicare and Social Security tax Unemployment compensation tax People with money look for return on investment for their money invested. Part of calculating that return is to look at the tax ramifications of making that investment. Everything we do in this country starts with investment capital, from the bonds that are sold to build highways to the common stock people buy in General Motors. If you tax capital gains by too much, such as those when a stock is sold after going up in value, then people with money will simply find an alternative place to put their money where the yield is higher and not as likely to go to the government in taxes. Rich people have choices. They hire accountants so they will wind up paying the least in taxes. Raising taxes on the rich simply means there will be less investment capital for the businesses who hire people like us. The economy grows by having people invest in it. For all of you who want to stick it to the rich I hope you realize that you might just wind up unemployed. We pay: Federal Income tax State Income tax Sales tax on items purchased Real Estate tax on homes Personal property tax on cars Taxes on Inheritance Social Security And my city has some kind of tax for working in the city too. |
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Think of all the different types of taxes the rich may pay. Federal Income tax State Income tax Sales tax on items purchased Property tax on real property Intangible tax on interest or securities Capital gains tax on property sold Inheritance tax Tax on corporate earnings 1/2 of employment taxes for employees such as Medicare and Social Security tax Unemployment compensation tax People with money look for return on investment for their money invested. Part of calculating that return is to look at the tax ramifications of making that investment. Everything we do in this country starts with investment capital, from the bonds that are sold to build highways to the common stock people buy in General Motors. If you tax capital gains by too much, such as those when a stock is sold after going up in value, then people with money will simply find an alternative place to put their money where the yield is higher and not as likely to go to the government in taxes. Rich people have choices. They hire accountants so they will wind up paying the least in taxes. Raising taxes on the rich simply means there will be less investment capital for the businesses who hire people like us. The economy grows by having people invest in it. For all of you who want to stick it to the rich I hope you realize that you might just wind up unemployed.  A lot of people are already unemployed
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Edited by
Winx
on
Sun 11/09/08 05:10 PM
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Think of all the different types of taxes the rich may pay. Federal Income tax State Income tax Sales tax on items purchased Property tax on real property Intangible tax on interest or securities Capital gains tax on property sold Inheritance tax Tax on corporate earnings 1/2 of employment taxes for employees such as Medicare and Social Security tax Unemployment compensation tax People with money look for return on investment for their money invested. Part of calculating that return is to look at the tax ramifications of making that investment. Everything we do in this country starts with investment capital, from the bonds that are sold to build highways to the common stock people buy in General Motors. If you tax capital gains by too much, such as those when a stock is sold after going up in value, then people with money will simply find an alternative place to put their money where the yield is higher and not as likely to go to the government in taxes. Rich people have choices. They hire accountants so they will wind up paying the least in taxes. Raising taxes on the rich simply means there will be less investment capital for the businesses who hire people like us. The economy grows by having people invest in it. For all of you who want to stick it to the rich I hope you realize that you might just wind up unemployed. A lot of people are already unemployed
6.5% Last year it was 4.6% They're anticipating it to reach 8% before it's all over. |
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Think of all the different types of taxes the rich may pay. Federal Income tax State Income tax Sales tax on items purchased Property tax on real property Intangible tax on interest or securities Capital gains tax on property sold Inheritance tax Tax on corporate earnings 1/2 of employment taxes for employees such as Medicare and Social Security tax Unemployment compensation tax People with money look for return on investment for their money invested. Part of calculating that return is to look at the tax ramifications of making that investment. Everything we do in this country starts with investment capital, from the bonds that are sold to build highways to the common stock people buy in General Motors. If you tax capital gains by too much, such as those when a stock is sold after going up in value, then people with money will simply find an alternative place to put their money where the yield is higher and not as likely to go to the government in taxes. Rich people have choices. They hire accountants so they will wind up paying the least in taxes. Raising taxes on the rich simply means there will be less investment capital for the businesses who hire people like us. The economy grows by having people invest in it. For all of you who want to stick it to the rich I hope you realize that you might just wind up unemployed. A lot of people are already unemployed
6.5% They're anticipating it to reach 8% before it's all over. Yeah, the economy is going down the drain just doing what we have been doing for the past 8 years. Something has to be changed.
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Edited by
Winx
on
Sun 11/09/08 05:14 PM
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Think of all the different types of taxes the rich may pay. Federal Income tax State Income tax Sales tax on items purchased Property tax on real property Intangible tax on interest or securities Capital gains tax on property sold Inheritance tax Tax on corporate earnings 1/2 of employment taxes for employees such as Medicare and Social Security tax Unemployment compensation tax People with money look for return on investment for their money invested. Part of calculating that return is to look at the tax ramifications of making that investment. Everything we do in this country starts with investment capital, from the bonds that are sold to build highways to the common stock people buy in General Motors. If you tax capital gains by too much, such as those when a stock is sold after going up in value, then people with money will simply find an alternative place to put their money where the yield is higher and not as likely to go to the government in taxes. Rich people have choices. They hire accountants so they will wind up paying the least in taxes. Raising taxes on the rich simply means there will be less investment capital for the businesses who hire people like us. The economy grows by having people invest in it. For all of you who want to stick it to the rich I hope you realize that you might just wind up unemployed. A lot of people are already unemployed
6.5% They're anticipating it to reach 8% before it's all over. Yeah, the economy is going down the drain just doing what we have been doing for the past 8 years. Something has to be changed.
In 2000, it was 4.0%. If you didn't see my edit, they're anticipating 8% before it's all over. |
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At the height of the Great Depression unemployment was 24.9%. You have no idea how bad things can get, yet.
The major driving force of the Great Depression was the complete lack of money supply in the hands of businesses. The major mistake the Federal government made in the Great Depression was to RAISE taxes and impose tariffs. We have not learned from our mistakes. Those of you here who are calling for change and taxing the rich never read your history books. Times will get much much worse. We guaranteed it this past Tuesday. |
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Think of all the different types of taxes the rich may pay. Federal Income tax State Income tax Sales tax on items purchased Property tax on real property Intangible tax on interest or securities Capital gains tax on property sold Inheritance tax Tax on corporate earnings 1/2 of employment taxes for employees such as Medicare and Social Security tax Unemployment compensation tax People with money look for return on investment for their money invested. Part of calculating that return is to look at the tax ramifications of making that investment. Everything we do in this country starts with investment capital, from the bonds that are sold to build highways to the common stock people buy in General Motors. If you tax capital gains by too much, such as those when a stock is sold after going up in value, then people with money will simply find an alternative place to put their money where the yield is higher and not as likely to go to the government in taxes. Rich people have choices. They hire accountants so they will wind up paying the least in taxes. Raising taxes on the rich simply means there will be less investment capital for the businesses who hire people like us. The economy grows by having people invest in it. For all of you who want to stick it to the rich I hope you realize that you might just wind up unemployed. 
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Edited by
Unknow
on
Sun 11/09/08 05:31 PM
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Yeah, the economy is going down the drain just doing what we have been doing for the past 8 years. Something has to be changed.
Sub-prime mortgages got us into this mess. They fueled speculation in real estate because all it took to get a loan was a pen in your hand and the willingness to sign the papers. Demand for housing exceeded supply so builders started building more houses and apartment buildings were being converted to condos. When the housing bubble burst that uncovered the huge sub-prime mortgage scandal. AIG just happened to be guaranteeing those loans to investors. Since AIG was part of the Dow Jones they started to drag down the Dow Jones. Who started the sub-prime lending ball rolling and totally destroyed the soundness of Fannie Mae and Freddie Mac? Bill Clinton. He admits that it was a mistake. Yeah, change, we're going to choke on it. |
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The biggest mistake that the Republicans made was to not stand up to the special interests (Democrats such as Barney Frank) who demanded that sub-prime mortgages be made available to those who were not financially qualified to be home owners. We would have been better off simply giving the money to the poor to buy houses. That would have been redistribution of wealth. Oh well. In this case we could have said, better a handout than an opportunity.
If you live in America today with a roof over your head and a car in the driveway you are considered to be in the wealthy top 10% economically of all the people on the earth. Maybe the bottom 90% should come here and demand that you share the wealth with them. It could get ugly. |
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The biggest mistake that the Republicans made was to not stand up to the special interests (Democrats such as Barney Frank) who demanded that sub-prime mortgages be made available to those who were not financially qualified to be home owners. We would have been better off simply giving the money to the poor to buy houses. That would have been redistribution of wealth. Oh well. In this case we could have said, better a handout than an opportunity. If you live in America today with a roof over your head and a car in the driveway you are considered to be in the wealthy top 10% economically of all the people on the earth. Maybe the bottom 90% should come here and demand that you share the wealth with them. It could get ugly. The last two sentences - I love them! That's great, couldn't have been said better. Tina |
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The biggest mistake that the Republicans made was to not stand up to the special interests (Democrats such as Barney Frank) who demanded that sub-prime mortgages be made available to those who were not financially qualified to be home owners. We would have been better off simply giving the money to the poor to buy houses. That would have been redistribution of wealth. Oh well. In this case we could have said, better a handout than an opportunity. If you live in America today with a roof over your head and a car in the driveway you are considered to be in the wealthy top 10% economically of all the people on the earth. Maybe the bottom 90% should come here and demand that you share the wealth with them. It could get ugly. The last two sentences - I love them! That's great, couldn't have been said better. Tina |
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The biggest mistake that the Republicans made was to not stand up to the special interests (Democrats such as Barney Frank) who demanded that sub-prime mortgages be made available to those who were not financially qualified to be home owners. We would have been better off simply giving the money to the poor to buy houses. That would have been redistribution of wealth. Oh well. In this case we could have said, better a handout than an opportunity. If you live in America today with a roof over your head and a car in the driveway you are considered to be in the wealthy top 10% economically of all the people on the earth. Maybe the bottom 90% should come here and demand that you share the wealth with them. It could get ugly. The last two sentences - I love them! That's great, couldn't have been said better. Tina And I completely agree! |
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Think of all the different types of taxes the rich may pay. Federal Income tax State Income tax Sales tax on items purchased Property tax on real property Intangible tax on interest or securities Capital gains tax on property sold Inheritance tax Tax on corporate earnings 1/2 of employment taxes for employees such as Medicare and Social Security tax Unemployment compensation tax People with money look for return on investment for their money invested. Part of calculating that return is to look at the tax ramifications of making that investment. Everything we do in this country starts with investment capital, from the bonds that are sold to build highways to the common stock people buy in General Motors. If you tax capital gains by too much, such as those when a stock is sold after going up in value, then people with money will simply find an alternative place to put their money where the yield is higher and not as likely to go to the government in taxes. Rich people have choices. They hire accountants so they will wind up paying the least in taxes. Raising taxes on the rich simply means there will be less investment capital for the businesses who hire people like us. The economy grows by having people invest in it. For all of you who want to stick it to the rich I hope you realize that you might just wind up unemployed. A lot of people are already unemployed
6.5% They're anticipating it to reach 8% before it's all over. Yeah, the economy is going down the drain just doing what we have been doing for the past 8 years. Something has to be changed.
In 2000, it was 4.0%. If you didn't see my edit, they're anticipating 8% before it's all over. 
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Think of all the different types of taxes the rich may pay. Federal Income tax State Income tax Sales tax on items purchased Property tax on real property Intangible tax on interest or securities Capital gains tax on property sold Inheritance tax Tax on corporate earnings 1/2 of employment taxes for employees such as Medicare and Social Security tax Unemployment compensation tax People with money look for return on investment for their money invested. Part of calculating that return is to look at the tax ramifications of making that investment. Everything we do in this country starts with investment capital, from the bonds that are sold to build highways to the common stock people buy in General Motors. If you tax capital gains by too much, such as those when a stock is sold after going up in value, then people with money will simply find an alternative place to put their money where the yield is higher and not as likely to go to the government in taxes. Rich people have choices. They hire accountants so they will wind up paying the least in taxes. Raising taxes on the rich simply means there will be less investment capital for the businesses who hire people like us. The economy grows by having people invest in it. For all of you who want to stick it to the rich I hope you realize that you might just wind up unemployed. A lot of people are already unemployed
6.5% They're anticipating it to reach 8% before it's all over. Yeah, the economy is going down the drain just doing what we have been doing for the past 8 years. Something has to be changed.
In 2000, it was 4.0%. If you didn't see my edit, they're anticipating 8% before it's all over.
And this brings me back to another point made in another thread, or even one made on this thread earlier. This is why we don't want to increase minimum wage. If minimum wage were increased further, the less jobs there will be to go around, and the more things will cost to pay for the rising prices due to wage increases (and thus higher taxes companies have to match on a 941 pmt). Tina |
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The biggest mistake that the Republicans made was to not stand up to the special interests (Democrats such as Barney Frank) who demanded that sub-prime mortgages be made available to those who were not financially qualified to be home owners. We would have been better off simply giving the money to the poor to buy houses. That would have been redistribution of wealth. Oh well. In this case we could have said, better a handout than an opportunity. If you live in America today with a roof over your head and a car in the driveway you are considered to be in the wealthy top 10% economically of all the people on the earth. Maybe the bottom 90% should come here and demand that you share the wealth with them. It could get ugly. The last two sentences - I love them! That's great, couldn't have been said better. Tina And I completely agree! |
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Edited by
snarkytwain
on
Sun 11/09/08 06:26 PM
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Well, if DSHS were re-ordered to make some semblance of sense I think that could help a whole hell of a lot.
They give money out to people who lie to them, and those who lie the best get the most money. They take money away from people who are trying to better themselves -- get on housing and lower your rent, then ya get food stamps lowered and you're right back where ya started. What's the point in trying to better yourself and your life if liars get rewarded and you get effed? They seriously need to figure out how to be a LITTLE more logical. Reward those who try by helping them as much as they need UNTIL they can COMPLETLEY get off help for good, and put more restrictions on those who don't do a damned thing but sit on their assai and live off govermnent handouts. Not everyone who has to be on DSHS is a worthless sponge, but those who aren't have a very difficult time resisting the impulse, the way things are set up right now. That is all. |
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Edited by
Drew07_2
on
Sun 11/09/08 06:30 PM
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Here is a creative approach to redistribution of wealth.... Today on my way to lunch I passed a homeless guy with a sign that read 'Vote Obama, I need the money.' The guy had more guts than a Tennis Racket Factory sitting there showing his support.....but then... Once in the restaurant, I noticed my waiter had on a "Obama 08" tee shirt. When the bill came, I decided not to tip the waiter and explained to him while he had given me exceptional service, that his tee shirt made me feel he obviously believes in Senator Obama's plan to redistribute the wealth. I told him I was going to redistribute his tip to someone that I deemed more in need--the homeless guy outside. He stood there in disbelief and angrily stormed away. I went outside, gave the homeless guy $3 and told him to thank the waiter inside, as I had decided he could use the money more. The homeless guy looked at me in disbelief but seemed grateful. As I got in my truck, I realized this rather unscientific redistribution experiment had left the homeless guy quite happy for the money he did not earn, but the waiter was pretty angry that I gave away the money he did earn. Well, I guess this redistribution of wealth is going to take a while to catch on, with those of us actually doing the work. "Trickle down" economics is not constitutionally promised. There is no promise that you will be rich or that your fellow man will be poor. Did you know that we now have more black millionaires in this nation than at any other time? I think that's F'n awesome and I am genuinely happy for each of them. They have done what I haven't, worked or used their minds to achieve what I have not and I think that is phenomenal. I love that there are more rich now then at any other time not because I think that rich equals noble or polite, or that it means I'll get more, but because it means that one can still work hard and still make it--still put enough money aside to pay for their kids and their grandkids' college education. I don't ever need nor do I desire to be so rich that I cannot be bothered by what really matters. I give to charity and I have several companies and foundations that I strongly believe in, including UNICEF. I just don't want to see those who already pay more than their fair share have to pay more. They are paying enough--their share and that of many others. Yet we (not all, but some) still seem to find interesting and inventive ways to call them names. Not you personally perhaps, but the point is not lost on everyone. Someone brought up (on a previous post) the issue of someone like Paris Hilton. She's a rich woman having not really done anything save for regular salon appointments and getting her name on the news for being, well, Paris Hilton. While it is true that such examples are frustrating, that is never going to change. My point in bringing up Hilton is only to offer the alternative view that a great number of the well-off are not trust fund babies who have lucked (sic) their way into fortune. A number of people who are wealthy today have also been miserably poor--they know what it is to be hungry and broke. J.K. Rowling is a great example of a rags to riches story and while she is not a US citizen, I think her work (and the riches that have followed) are every bit deserved. On a more realistic note, I am glad there are men and women who have worked hard enough to to and graduate from medical school. When I needed surgery a few times a few years back I was happy that such people were around. When they put the mask over your face to send you to never-never land, none of us really care about how much they make--we are just hoping that they know what the hell they are doing so that we'll again wake up. In fact, I want my surgeon to be so well-off that he/she massively enjoys what they are doing and is thinking of NOTHING but the guy on the table, trusting his life to the skill and mind of the person doing the cutting. Again, just my .02 but I am glad that I live in a nation that allows me to reach for all I can, to prosper and work, to achieve and with motivation, realize my own dreams. Not everyone will and there are some truly heartbreaking cases of people in horrible situations through no fault of their own. I'm fine helping them, fine with making sure that basic needs are taken care of and that there are opportunities provided so that they can make a better life. But I'm not (nor will I ever be) fine with punishing achievement simply because others have not themselves done so well. That is not what this nation was founded upon and not what I want to see her dictate. Thanks all, for again entertaining my tome of a reply. -Drew |
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