Beer & Taxes

[theholycow]

Man, I must be really bored. I keep posting in these political threads. Anyway...

Question for people on both sides: If you don't tax away an extra 30% from the folks who make a lot of money, what are they going to do with that money instead? Where is that money going to go?

[opelgt73]

Originally Posted by theholycow

what are they going to do with that money instead? Where is that money going to go?

It is typically invested in productive things. Like companies that create jobs or their own companies. What do you think would happen to the stock market if people suddenly had 30% less to invest?

[skewbe]

I wouldn't bring up that whiney beotch called the stock market. Talk about a sense of entitlement. It drives policy, worse than a union.

[opelgt73]

Originally Posted by skewbe

I wouldn't bring up that whiney beotch called the stock market. Talk about a sense of entitlement. It drives policy, worse than a union.

True, it does. And I was in no way in favor of that bailout, if people make mistakes they should fail, even if it brought the whole economy to a stand still. Propping the economy up on worthless paper is only going to prolong the inevitable anyway. At least in my opinion.

[JustaDriver]

To be truly accurate, (considering that the lowest income brackets get tax credits even thought they don't pay any taxes) at the beginning wouldn't the first two get $1 back, and the last 2 have to pay $1 more to cover it?

I'm just sayin'...

[GasSavers_JoeBob]

All this is too much for me...I need a beer!

[itjstagame]

Originally Posted by skewbe

Promote the general welfare y'all

I can see tax incentives for American employers, that promote employment in America, but I'm not gonna cry about a 30% tax on $2,500,000 earners.

The trouble is also, some 'companies' are just DBAs, granted very rare and very small ones, but it's conceivable to hurt business by taxing private individuals who make a lot.

Also what's a better alternative? The only comparison I have is Germany and everyone gets taxed 55-65%. Of course I think a lot don't have to work and everyone gets 'free' health care. Take a look over there to see what would happen here if democrats had their way....