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(Telegraph)   Wealthy French to new socialist government: We burst our pimples at you from our tax havens and call your 75% tax rate a silly thing   (telegraph.co.uk ) divider line
    More: Obvious, French citizens, tax rates  
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2282 clicks; posted to Business » on 17 Jul 2012 at 10:52 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-17 03:44:51 PM  
1 vote:

Debeo Summa Credo: Calmamity: bdub77: Rich friends of mine have argued that it's not fair.

You need to tell your rich friends that it's not fair that I work harder than they do and am not rich.

Lots of things aren't fair, but rich people and Republicans seem to think it's only worth changing when matters of fairness aren't skewed towards them.

As long as that kind of Objectivist poison (more money somehow magically means that you are a harder worker and therefore deserve more) still pervades this country's thinking, we're fu*ked.

The reason you work harder and make less is because your labor is worth less. You are exchanging something you have (skills and labor) for something someone else has (money). The ratio of exchange is determined by bilateral agreement and completely fair.

Your skills and labor are
apparently not worth that much money. Deal with it. I'm for a progressive tax system like the one we have. We have expenses to pay for and it is better that those who can afford more should pay more. But in no way is it inherently "fair" to take from one simply to give it to another, to compensate the other for their lack of marketable skills.


Oh please. This is the United States. I've seen so many dumb-as-hell rich people it's absurd. Inheritance and favors will get you further here then hard work ever will.
2012-07-17 12:20:36 PM  
1 vote:

MugzyBrown: Sergeant Grumbles: Also pretty sure I covered that in the original post. Here it is again, since you obviously didn't read it the first time.

My point that you obviously missed is that it goes both ways. The standard of living isn't some magical fixed number. It can go up and down.


So America's standard of living should go down? Why do you hate America?
2012-07-17 11:32:36 AM  
1 vote:

bdub77: Even I think that is a retarded tax rate. 75% if you make just a million euros? Seriously ridiculous.

Now 75% if you make 200 million euros a year? If you are earning that much, then maybe. But I'd top out at 50-60%.

Personally I'd like to see the US adopt a 50% highest tax rate, with much more reasonable tax rates (33%) at the 250k-1 million level, progressing from 33-40% at 1 million-5 million, 40-50% from 5-10 million, and 50% any higher than that.


It never ceases to amaze me that things like tax brackets (or for that matter basically anything else referenced to prices) fail to have any integrated compensation for inflation that doesn't involve congress manually enacting changes.

Tell me again why the $250K bracket (you know, the one that was the highest rate for really rich incomes) has NOT followed inflation into the $2-3 million range? If tax rate brackets actually followed inflation, the constant pressure to reduce them instead as inflation steadily moves them all towards impacting the poor and middle class would be considerably obivated.

Or are my grandkids going to have to hire accountants to deal with the income from their first summer job flipping burgers for a paltry $60/hr?
2012-07-17 11:08:19 AM  
1 vote:
Assuming the 1% do leave, does anyone honestly believe there aren't other people that are just as capable to replace them?
2012-07-17 10:35:59 AM  
1 vote:
Even I think that is a retarded tax rate. 75% if you make just a million euros? Seriously ridiculous.

Now 75% if you make 200 million euros a year? If you are earning that much, then maybe. But I'd top out at 50-60%.

Personally I'd like to see the US adopt a 50% highest tax rate, with much more reasonable tax rates (33%) at the 250k-1 million level, progressing from 33-40% at 1 million-5 million, 40-50% from 5-10 million, and 50% any higher than that.

Rich friends of mine have argued that it's not fair. And my answer is that it's not about whether it's fair to tax the rich more, it's about what is best for everyone. At some point I believe you keep taxes low to allow consumption to occur at lower tax brackets so that the rich make money and hire more and everything else.

And more focus should be on education. Jobs going overseas are not coming back, people. The money is in innovation and new technology. People need to be properly educated. And to me it's not about high school - with some exceptions there are decent high schools out there. No, the college system is totally f*cking broken.
 
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