You do not think it relevant that if capital tax is 15% and income tax is 50% people arrange that they get their pay as 'capital', thereby avoiding 35% of their tax bill? A sensible person would perhaps raise capital taxes because they notice that they must consider the whole picture?
Sorry, man, this entire comment is nonsense. Sensicle people would say the tax rate should be much lower so everyone can have the maximum freedom to do as they wish with their lives. You seem to think the capital gains tax is a secret loophole that was placed their by special interest so they could get out of their "fair share."
You obviously don't understand how this tax works. First, when you repeatedly cite this 15% number you have no idea what it means. In order to qualify for the 15% you need to have 1) sufficient income to place you in the highest CG bracket (lowest being 0% for low income earners) and 2) have held your investment for a minimum of 366 days. There are many reasons for this, among which is home sales. If you make $85k, you greedy liberals would say you should be taxed at your income tax rate ~25% to the fed. So, if you made $50k on your house you'd owe (for some unknown reason) $12,500. If, as you suggest, we were to eliminate the CG tax and raise the income tax a person making over $175k almost couldn't sell their house for a profit. If you make less per year you would lose less to the fed. Ultimately the government decided it isn't fair to require that someone lose the use of their money for a year then simply be charged their regular income rate, there would be no incentive created. So, when we look at it from how people are treated, the "poor" still recieve favorable tax treatment over the rich (0% vs 15%).
Actually, we cant. I understand the US imports mexicans to do jobs which americans refuse to do. Likewise the Uk imports Poles. The jobs are being grossly underpaid but employers are cheating by hiring in cheap labour from abroad. This just undermines the home economy. It suites the boss to believe he deserves a lot of money to sit in his chair all day when he would refuse to do the cleaning.
You are missing the basic premise. Anyone that want to can sweep the street. They have to want to. It is very difficult to take someone who has earned a high status in this society, say a lawyer, and tell them to sweep the street for $7.25/hr. They wont do it. But, they could do it if they wanted to.
The reason we have to import workers is because the govenment programs disincentivize workers. Its MUCH easier to stay home, collect welfare, unemployment and food stamps than it is to go into the fields and earn $7.25. Also, when you set a minimum wage you create an artificial floor. In some cases that floor is too high, forcing companies to look elsewhere for labor. You seem to think that there is just billions of dollars rolling out of ever single company. This isn't the case, and I suggest you become familiar with small businesses before you continue your absurd opinion. Many small businesses are facing closing their doors if they can't lower the cost of labor. Demanding that they raise wages for these readily replaceable positions is assuming you knw much better than all parties involved. You dont.
This "lazy" boss you speak of, I know him. He works 12-14 hour days 6 days a week. He worries constantly about how he's going to make payroll, how he's going to compete with the new store down the street, or how he's going to increase sales. You obviously have never been in charge. The last thing you want is your executive sweeping floors because some liberal is absolutely backwards retardedly jealous that the 'boss' is making more money. You want that person establishing vision, strategy, leadership, organizational structure, ect.
For whom? For society which gets ripped off when he is making moneyat the expense of ordinary ciizens.?
Where do you get this crap? How is he making money at the expense of ordinary citizens? Right now there is a Chase Bank down the street from my house. Do you know how much they made off me? $0. Why? Because I chose not to bank there. If you don't want your banker making money on your money, while making you money, then DON'T BANK THERE. Nobody, absolutely nobody, is making you bank there. Further, if liberals weren't so lazy they'd start a new bank that was 'honest' and didn't 'make money.' Instead, they'd just like to use the electorate to exact injustice on others, then say "thats fair" once everyones poor.
I am happy for you. Most people would find the bank reposessing the home because they are no longer making payments and the grocery store refusing to give them food because they have no money to pay for it.
You comment is, in now way, a response to mine. It doesn't make sense, and it doesn't apply. Please, try again.
Us, Uk, Germany, Japan, China, India, France, Spain, Canada...nearly every country in the world...There is no country which does not need government intervention.
EVERY country doesn't need the government involved. Without the government the corporations/unions couldn't rob the tax payer blind. If you thin the government is here to help you deserve to get ripped off.
Each and every one of those countries has had a budget disaster in the last 30 years. China? Their people are absurdly poor at the hand of the government. Wanna see something fun: youtube "china ghost cities." The government is building entire modern cities, millions of homes/lofts/condos/apartments, and they're all empty. Why? Because they want to waste tax payer money impressing the world. Average person there lives on less than $10/day. Try that some time. Not only that, Mao had to kill off millions to make it work. Are you willing do that?
I noticed you left out some of the left wings most prized attempts. My favorite is the USSR. Bread lines around the block for people that were working, BY LAW, 6 twelve hour days! Thats what you want for this country? How can you sleep?
Jealous? We live in a very rich society which frankly wastes most of the so called wealth it creates. Of course we do not need to work as hard as we do!
No, you need to work much harder than you do. If you are so extremely jealous of people who have money then you need to work for it. Come up with an idea, process, new way of servicing a need in society (maybe that 'honest' bank will work), and make it fly. If you do that and still hold the opinion you have, I'd like to hear about it.
We do waste our wealth. We pay for absurd social programs that encourage people, not unlike yourself, to sit around. Those people could be helping create a better world, instead they are demanding rich peoples money so they don't have to work as hard.
You reap what
you sow. If you sow nothing, expect to reap nothing. If you only sow what was easy, then expect very little. If you expect there to be someting to reap but you have not sown your crops, then expect nothing. This is where the modern liberal finds himself: planned nothing, risked nothing, achieved nothing...demands everything.
L A Z Y
I'm curious how is one man responsible for that? He doesn't write laws. Congress does. He is not a monarch, he can't simply issue decrees. I'm sure you have acute amnesia but it was the millions thrown out of jobs during the financial collapse during the Bush presidency that has caused the dramatic rise.
