Look who doing well

[wdmso]

Originally Posted by Jim in CT

what would you do? pass a law saying people
can no longer earn money when their net worth hits a certain level?
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Big picture Jim big picture. I bet our personal income tax % is higher than theirs

[scottw]

I know this is complicated but most of their wealth is a result of the value of their business...they are doing well because their businesses are doing a lot of business.....maybe we should restrict their ability to do business so they can't do so well?

[Jim in CT]

Originally Posted by scottw

I know this is complicated but most of their wealth is a result of the value of their business...they are doing well because their businesses are doing a lot of business.....maybe we should restrict their ability to do business so they can't do so well?

that’s the question they should
answer.
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[Got Stripers]

The U.S. population has more than doubled since the 1960s, when most of the country’s major infrastructure systems were designed. Many are reaching the end of their lifespan, and are dangerously overstretched, experts say.

What do you think the tax rate was on the upper crust when all these aging roads, bridges, railways and utilities were built? Just where do you think than next major slug of money should come from, just what segment of the American tax paying public do you think probably can easily survive a tax bump to finance long overdue infrastructure repairs?

[Jim in CT]

Originally Posted by Got Stripers

The U.S. population has more than doubled since the 1960s, when most of the country’s major infrastructure systems were designed. Many are reaching the end of their lifespan, and are dangerously overstretched, experts say.

What do you think the tax rate was on the upper crust when all these aging roads, bridges, railways and utilities were built? Just where do you think than next major slug of money should come from, just what segment of the American tax paying public do you think probably can easily survive a tax bump to finance long overdue infrastructure repairs?

we all use the roads and bridges, we all have to pony up. The wealthy will pony up, and pay a disproportionate share, as they always do. It won't be enough for the Reds, it never is.

This incessant fixation of what 0.01% of the population is doing. Who cares?

[Jim in CT]

Originally Posted by wdmso

Big picture Jim big picture. I bet our personal income tax % is higher than theirs

maybe. but obama has a democrat congress to change that if he wanted to, and he didn’t.

their rate is only lower than mine and yours, if their income
comes from capital
gains and not ordinary income. i don’t have a problem
with capital gains tax rates being low enough to encourage people
to invest. maybe you make it more progressive above certain amounts.

for all the liberal whining on this, obama and the democrat congress never tried to fix it. there’s a reason why.
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