Why don't we tax the rich?
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It's all about brackets. Like March Madness. But in April.0
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He's a troll.
If you tax the rich, what stops the rich from leaving the town, city, state, country?0 -
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OK - I'll bite - here's a valid argument.
My wife teaches high school (11th grade) Personal Finance. This topic comes up over and over.
So, to illustrate the problem to her classes she suggests that they do an exercise on the next test to model "taxing the rich"...the exercise is pretty simple: the people that get high grades have to give up some of their grade to help the people out that get the low grades...level the playing field, so to speak.
What happens is the traditionally "high grade" students don't study, because, what's the point, they have to give about 1/2 of their grade away anyway. The traditional "low grade" students study even less than before, if that is possible, because they are expecting a hand-out. Apathy rules. The average test score for each class drops to a dismal level.
Same thing will happen in the real world if taxes are raised that high.
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__drmerc__ wrote: »Commander_Keen wrote: »He's a troll.
If you tax the rich, what stops the rich from leaving the town, city, state, country?
Can't present a valid argument so you resort to name calling?
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Leave politics out of the forums. It's against the rules.
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Go_Mizzou99 wrote: »OK - I'll bite - here's a valid argument.
My wife teaches high school (11th grade) Personal Finance. This topic comes up over and over.
So, to illustrate the problem to her classes she suggests that they do an exercise on the next test to model "taxing the rich"...the exercise is pretty simple: the people that get high grades have to give up some of their grade to help the people out that get the low grades...level the playing field, so to speak.
What happens is the traditionally "high grade" students don't study, because, what's the point, they have to give about 1/2 of their grade away anyway. The traditional "low grade" students study even less than before, if that is possible, because they are expecting a hand-out. Apathy rules. The average test score for each class drops to a dismal level.
Same thing will happen in the real world if taxes are raised that high.
Great example! I have seen the same thing done with a bar tab.0 -
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__drmerc__ wrote: »FatFreeFrolicking wrote: »Leave politics out of the forums. It's against the rules.
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This is economics not politics__drmerc__ wrote: »collegegirl713 wrote: »So, if we tax the rich at "90%", what is the incentive to become wealthy? Why would someone want to work hard to be taxed so much? In my opinion, a percentage of a large number is still bigger than the same percentage of a smaller one. Usually, millionaire work hard for their money and I, for one, think they deserve it. It shouldn't be a penalty!
I didn't know there were so many right wing extremists on mfp
So, you call people right wing extremists and then you try to say this isn't politics. Brilliant!0 -
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Go_Mizzou99 wrote: »OK - I'll bite - here's a valid argument.
My wife teaches high school (11th grade) Personal Finance. This topic comes up over and over.
So, to illustrate the problem to her classes she suggests that they do an exercise on the next test to model "taxing the rich"...the exercise is pretty simple: the people that get high grades have to give up some of their grade to help the people out that get the low grades...level the playing field, so to speak.
What happens is the traditionally "high grade" students don't study, because, what's the point, they have to give about 1/2 of their grade away anyway. The traditional "low grade" students study even less than before, if that is possible, because they are expecting a hand-out. Apathy rules. The average test score for each class drops to a dismal level.
Same thing will happen in the real world if taxes are raised that high.
Same thing already happens everyday in a country where over 47% of the people are on some sort of govt handout and are allowed to continue to vote for the politicians that promise to take even more from those that work and give it to those that don't or to those that made a PERSONAL decision at some point in their not to do what it takes to get ahead in life.0 -
__drmerc__ wrote: »FatFreeFrolicking wrote: »Leave politics out of the forums. It's against the rules.
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This is economics not politics
Lol, you are such a troll. Politics affects government expenditure, legislation, creation of laws, tax cuts, etc., which ultimately have a very strong impact on the economy.-2 -
What if I don't want 90% of what the government has to offer? Can I opt out?? There's gotta be a form for that.0
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__drmerc__ wrote: »FatFreeFrolicking wrote: »__drmerc__ wrote: »FatFreeFrolicking wrote: »Leave politics out of the forums. It's against the rules.
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This is economics not politics
Lol, you are such a troll. Politics affects government expenditure, legislation, creation of laws, tax cuts, etc., which ultimately has a very strong impact on the economy.
It also effects our food labels and guidelines. Is that topic also off limits?
I gave you a warning to keep politics out of the forums. Now I'll let the mods deal with you.
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__drmerc__ wrote: »
Sure if you want the poor to die. I can't believe you people, so selfish
It's called giving to chareties...
IF the government wasn't taking nearly a third of my paycheck I would be able to give more the groups that actually help people... you know, like the food banks or the missions...0 -
__drmerc__ wrote: »
Sure if you want the poor to die. I can't believe you people, so selfish
Damn straight I am. It's like you don't even KNOW me!
Survival of the fittest, bro.
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__drmerc__ wrote: »__drmerc__ wrote: »
Sure if you want the poor to die. I can't believe you people, so selfish
It's called giving to chareties...
We should get rid of tax exempt status, it's abused. Look at the NFL
What does a person running around in spandex need 4 million dollars a year for anyway?
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__drmerc__ wrote: »__drmerc__ wrote: »
Sure if you want the poor to die. I can't believe you people, so selfish
It's called giving to chareties...
We should get rid of tax exempt status, it's abused. Look at the NFL
What does a person running around in spandex need 4 million dollars a year for anyway?
Hey hey hey... let's not start knockin men in football pants.
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I just would like to mention that if you're unhappy with the US tax rates, come to Italy where our taxes are at about 60-70%.0
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__drmerc__ wrote: »
Sure if you want the poor to die. I can't believe you people, so selfish
It's called giving to chareties...
IF the government wasn't taking nearly a third of my paycheck I would be able to give more the groups that actually help people... you know, like the food banks or the missions...
Charity is more toxic then most think.
Truth is, mission trips benefit the volunteers more then they benefit the recipients.
Mission trips are short term and provide instant gratification rather then community development which is what these communities actually need. Community development is long term and not many people are willing to or able to volunteer their time to reshape a community's standard of living or quality of life.
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__drmerc__ wrote: »Commander_Keen wrote: »He's a troll.
If you tax the rich, what stops the rich from leaving the town, city, state, country?
Can't present a valid argument so you resort to name calling?
Hmmm...I presented a valid argument right after __drmerc__ posted this message (above).
No response __drmerc__? Nothing? I win
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This discussion has been closed.
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