[threadbear]

Americans still pay relatively low federal and state tax, compared to Europeans and Canadians. There won't be a revolution until income taxes rise to the point that people really CAN'T pay them, and are penalized for not doing so....in large numbers.

However, Hillary is talking about letting the tax cuts for the wealthy terminate, so this would help a little. I just don't know how much it would generate, or if there is a hope in hell that she can be elected with the right wing vote rigging working against her, and her lack of appeal among repugs.

The economic miracle of WW2 was financed in part by raising the taxes of the wealthiest to over 80%. I don't know what the capital gains tax was, but tax on dividends was likely considered income. I know it is today.

[PopeGideon]

I agree wholeheartedly with the article, with the exception of this:
"Why should taxes from families earning $48,000 a year be used to support expensive mortgages in New York, Los Angeles and San Francisco?"
This is silly, but typical, socialist bunk.
The family earning 48 a year likely pays less than a few grand in federal taxes each year.

The rich pay almost all of the taxes in this country.
Look at the rebate - you're not getting it if you make more than 75k.
So, in essence, the "rebate" is a welfare handout from those making more than 75k to those making less than 75k.
Those making the top 5% of salary in the U.S. pay about 90% of the taxes in the first place.

The best part of the whole deal is hearing the guy making 50k a year bitching that they're giving welfare handouts to the folks who don't pay taxes. Meanwhile, he's taking his 600$ rebate check from his neighbor, who is making 80k a year, and who has already paid more taxes than him. Brilliant.
That's America for you.

[UncoveringTruths]

$this->bbcode_second_pass_quote('PopeGideon', 'I') agree wholeheartedly with the article, with the exception of this:
"Why should taxes from families earning $48,000 a year be used to support expensive mortgages in New York, Los Angeles and San Francisco?"
This is silly, but typical, socialist bunk.
The family earning 48 a year likely pays less than a few grand in federal taxes each year.
The rich pay almost all of the taxes in this country.
Look at the rebate - you're not getting it if you make more than 75k.
So, in essence, the "rebate" is a welfare handout from those making more than 75k to those making less than 75k.
Those making the top 5% of salary in the U.S. pay about 90% of the taxes in the first place.
The best part of the whole deal is hearing the guy making 50k a year bitching that they're giving welfare handouts to the folks who don't pay taxes. Meanwhile, he's taking his 600$ rebate check from his neighbor, who is making 80k a year, and who has already paid more taxes than him. Brilliant.
That's America for you.

[EnergyUnlimited]

Cynus, That is very insightful view.
If that what you described is actually to come true then all your hopes should rest in timely ruining US financial system, the faster, the better for you and for your nation.
And that is not a sarcasm, btw.
Wouldn't be easier to declare Financial Annihilation Act, where it is stated that peoples no longer need to pay their debt but no longer can get Social Security or a pension?
Following that your government could try to use gold reserves to set new system going from the scratch.

If that what you have described is really to come true then you will still have to press financial reset button pretty soon.
So why not to do it now and by design?
And Bush would pass to history as a hero.
The man who gave all Americans their homes for free.

[heroineworshipper]

Workers always pay for their boss's silly mortgages. It happened in the 80's. Be thankful you can coo at your beloved corporate executives.

[threadbear]

$this->bbcode_second_pass_quote('PopeGideon', 'I') agree wholeheartedly with the article, with the exception of this:
"Why should taxes from families earning $48,000 a year be used to support expensive mortgages in New York, Los Angeles and San Francisco?"
This is silly, but typical, socialist bunk.
The family earning 48 a year likely pays less than a few grand in federal taxes each year.
The rich pay almost all of the taxes in this country.
Look at the rebate - you're not getting it if you make more than 75k.
So, in essence, the "rebate" is a welfare handout from those making more than 75k to those making less than 75k.
Those making the top 5% of salary in the U.S. pay about 90% of the taxes in the first place.
The best part of the whole deal is hearing the guy making 50k a year bitching that they're giving welfare handouts to the folks who don't pay taxes. Meanwhile, he's taking his 600$ rebate check from his neighbor, who is making 80k a year, and who has already paid more taxes than him. Brilliant.
That's America for you.

[mattduke]

Typical rich versus poor class antagonism. The government hurts everyone.

[PopeGideon]

$this->bbcode_second_pass_quote('', 'Y')ou'll have to back these statements up.

[KrellEnergySource]

$this->bbcode_second_pass_quote('PopeGideon', 'S')o, in essence, the "rebate" is a welfare handout from those making more than 75k to those making less than 75k.

[threadbear]

$this->bbcode_second_pass_quote('PopeGideon', 'B')LAH BLAH BLAH BLAH BLAH BLAH BLAH BLAH BLAH. And, by the way, you're a freakin' BLAH BLAH BLAH BLAH BLAH. BLAH. blah blaHHH!!!
It's whiny, loser socialists who bitch and moan about "the rich", because their limited view of the "rich" is that the "rich" got rich through inheritance.
Ah, this shows your envy. The guy making 40k a year forks up 2k in taxes and it hurts. The guy making 600k a year forks up 200k in taxes and "he does it without batting an eye." Envy envy envy.
.

[SchroedingersCat]

I think this starts to fall into the 'how many pairs of shoes can you own' question. You are successful, you have your house(s), your cars, your pretty things, your retirement is set.
Why do you need to acquire more? Why shouldn't the government tax the living hell out of your income? How many pairs of shoes do you need?
The only way to prevent our impending doom is to lose the ideas that some people own natural resources. They don't. There are only so many resources available on the planet. We can share them and try to survive or we can pretend that someone owns them and let the whole thing come apart around us.

When does the law of self-preservation kick in for the US gov't? When do they say enough is enough and put the burden of cost where it belongs - on the ones who have profited by subverting the system and jumping through loopholes?
How many shoes?

[LoneSnark]

You are absolutely right. I have enough shoes, so I'm with you. I will quit my job tomorrow, shut down the farm and apply for state unemployment. Everyone should join me. It's not like we kept much of what we made anyway, since the government taxed the living hell out of our income. If we stop growing food and producing goods then our situation is bound to improve! Why hasn't anyone thought of this before?

Oh, that's right. If people stop coming to work everyday then we alternatively starve to death, freeze to death, eatten by animals, or die of easily cured diseases. I guess someone did think of this before: stone-age man.

[threadbear]

$this->bbcode_second_pass_quote('LoneSnark', 'Y')ou are absolutely right. I have enough shoes, so I'm with you. I will quit my job tomorrow, shut down the farm and apply for state unemployment. Everyone should join me. It's not like we kept much of what we made anyway, since the government taxed the living hell out of our income. If we stop growing food and producing goods then our situation is bound to improve! Why hasn't anyone thought of this before?
Oh, that's right. If people stop coming to work everyday then we alternatively starve to death, freeze to death, eatten by animals, or die of easily cured diseases. I guess someone did think of this before: stone-age man.

[kublikhan]

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('PopeGideon', 'I') agree wholeheartedly with the article, with the exception of this:
"Why should taxes from families earning $48,000 a year be used to support expensive mortgages in New York, Los Angeles and San Francisco?"
This is silly, but typical, socialist bunk.
The family earning 48 a year likely pays less than a few grand in federal taxes each year.
The rich pay almost all of the taxes in this country.
Look at the rebate - you're not getting it if you make more than 75k.
So, in essence, the "rebate" is a welfare handout from those making more than 75k to those making less than 75k.
Those making the top 5% of salary in the U.S. pay about 90% of the taxes in the first place.
The best part of the whole deal is hearing the guy making 50k a year bitching that they're giving welfare handouts to the folks who don't pay taxes. Meanwhile, he's taking his 600$ rebate check from his neighbor, who is making 80k a year, and who has already paid more taxes than him. Brilliant.
That's America for you.

[kublikhan]

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('LoneSnark', 'Y')ou are absolutely right. I have enough shoes, so I'm with you. I will quit my job tomorrow, shut down the farm and apply for state unemployment. Everyone should join me. It's not like we kept much of what we made anyway, since the government taxed the living hell out of our income. If we stop growing food and producing goods then our situation is bound to improve! Why hasn't anyone thought of this before?
Oh, that's right. If people stop coming to work everyday then we alternatively starve to death, freeze to death, eatten by animals, or die of easily cured diseases. I guess someone did think of this before: stone-age man.

[Ferretlover]

$this->bbcode_second_pass_quote('threadbear', 'B')ut what you lack in intellectual prowess, you certainly make up for with banalities jet propelled out of your ass with adrenaline fired conviction.

[threadbear]

$this->bbcode_second_pass_quote('kublikhan', '')$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('LoneSnark', 'Y')ou are absolutely right. I have enough shoes, so I'm with you. I will quit my job tomorrow, shut down the farm and apply for state unemployment. Everyone should join me. It's not like we kept much of what we made anyway, since the government taxed the living hell out of our income. If we stop growing food and producing goods then our situation is bound to improve! Why hasn't anyone thought of this before?
Oh, that's right. If people stop coming to work everyday then we alternatively starve to death, freeze to death, eatten by animals, or die of easily cured diseases. I guess someone did think of this before: stone-age man.

[threadbear]

$this->bbcode_second_pass_quote('Ferretlover', '')$this->bbcode_second_pass_quote('threadbear', 'B')ut what you lack in intellectual prowess, you certainly make up for with banalities jet propelled out of your ass with adrenaline fired conviction.

[Pretorian]

$this->bbcode_second_pass_quote('threadbear', 'A')mericans still pay relatively low federal and state tax, compared to Europeans and Canadians.

[Concerned]

$this->bbcode_second_pass_quote('LoneSnark', 'Y')ou are absolutely right. I have enough shoes, so I'm with you. I will quit my job tomorrow, shut down the farm and apply for state unemployment. Everyone should join me. It's not like we kept much of what we made anyway, since the government taxed the living hell out of our income. If we stop growing food and producing goods then our situation is bound to improve! Why hasn't anyone thought of this before?
Oh, that's right. If people stop coming to work everyday then we alternatively starve to death, freeze to death, eatten by animals, or die of easily cured diseases. I guess someone did think of this before: stone-age man.