KillerMovies - Movies That Matter!

REGISTER HERE TO JOIN IN! - It's easy and it's free!
Home » Community » General Discussion Forum » A 5%er on the rich and higher taxes

A 5%er on the rich and higher taxes
Started by: cdtm

Forum Jump:
Post New Thread    Post A Reply
  Last Thread   Next Thread
Author
Thread
cdtm
Senior Member

Gender: Unspecified
Location: United States

A 5%er on the rich and higher taxes

I asked on Quora why the ultra rich are associated with being friendly to higher taxes. I got the usual assortment of answers including altruism, patriotism, guilt. The most interesting answer came from one poster who claimed to be in the top five percent (He didn't say if this was nationally or globally, but fair bet he's richer then all of us put together)

He gave most of the usual responses, and then claimed that all of them have a little unadmitted fear in the back of their head about what happens when unrest reaches critical mass. He said they could easily hire armies, but that would restrict their freedom.


Restrict their freedom. I never would have considered that. Why not hire that army, or form a network of islands for rich people? Why not have "Air Force One" for rich people, so they can live out their lives in the sky? Why not build a space station or moon base?



I guess even a guilded cage is still a cage.


__________________
What CDTM believes;

Never let anyone else define you. Don't be a jerk just to be a jerk, but if you are expressing your true inner feelings and beliefs, or at least trying to express that inner child, and everyone gets pissed off about it, never NEVER apologize for it. Let them think what they want, let them define you in their narrow little minds while they suppress every last piece of them just to keep a friend that never liked them for themselves in the first place.

Old Post Mar 6th, 2020 12:36 AM
cdtm is currently offline Click here to Send cdtm a Private Message Find more posts by cdtm Edit/Delete Message Reply w/Quote Quick Quote
-Pr-
Hey Yo!

Gender: Male
Location: Ireland.

Moderator

quote: (post)
Originally posted by cdtm
I asked on Quora why the ultra rich are associated with being friendly to higher taxes. I got the usual assortment of answers including altruism, patriotism, guilt. The most interesting answer came from one poster who claimed to be in the top five percent (He didn't say if this was nationally or globally, but fair bet he's richer then all of us put together)

He gave most of the usual responses, and then claimed that all of them have a little unadmitted fear in the back of their head about what happens when unrest reaches critical mass. He said they could easily hire armies, but that would restrict their freedom.


Restrict their freedom. I never would have considered that. Why not hire that army, or form a network of islands for rich people? Why not have "Air Force One" for rich people, so they can live out their lives in the sky? Why not build a space station or moon base?



I guess even a guilded cage is still a cage.


I would imagine that part of it is because at the end of the day, not everything can be automated. The lower and middle classes are the ones that usually keep the lights on and the water running. Sure, there are ways around it, but I imagine it's much easier to placate the masses in some way.


__________________

Fuck Putin. Help Ukraine

Unicef
UN Refugee Agency
Red Cross

"What does not kill me... is not trying hard enough."

Old Post Mar 6th, 2020 12:38 AM
-Pr- is currently offline Click here to Send -Pr- a Private Message Find more posts by -Pr- Edit/Delete Message Reply w/Quote Quick Quote
cdtm
Senior Member

Gender: Unspecified
Location: United States

quote: (post)
Originally posted by -Pr-
I would imagine that part of it is because at the end of the day, not everything can be automated. The lower and middle classes are the ones that usually keep the lights on and the water running. Sure, there are ways around it, but I imagine it's much easier to placate the masses in some way.



That's why you let in a limited underclass. Like Knights in the old days.


They'll never be royalty, but they get to live like them.


__________________
What CDTM believes;

Never let anyone else define you. Don't be a jerk just to be a jerk, but if you are expressing your true inner feelings and beliefs, or at least trying to express that inner child, and everyone gets pissed off about it, never NEVER apologize for it. Let them think what they want, let them define you in their narrow little minds while they suppress every last piece of them just to keep a friend that never liked them for themselves in the first place.

Old Post Mar 6th, 2020 12:46 AM
cdtm is currently offline Click here to Send cdtm a Private Message Find more posts by cdtm Edit/Delete Message Reply w/Quote Quick Quote
Silent Master
Senior Member

Gender: Unspecified
Location: United States

They claim to be friendly to higher taxes, but I'd be willing to bet at least 90% of them try and pay the minimum amount of taxes they can.


__________________
posted by Badabing
I don't know why some of you are going on about being right and winning. Rob and Impediment were in on this gag because I PMed them. Silent and Rao PMed me and figured I changed the post. I highly doubt anybody thought Quan made the post, but simply played along just for the lulz.

Old Post Mar 6th, 2020 12:55 AM
Silent Master is currently offline Click here to Send Silent Master a Private Message Find more posts by Silent Master Edit/Delete Message Reply w/Quote Quick Quote
cdtm
Senior Member

Gender: Unspecified
Location: United States

quote: (post)
Originally posted by Silent Master
They claim to be friendly to higher taxes, but I'd be willing to bet at least 90% of them try and pay the minimum amount of taxes they can.



Yeah, being better at using loopholes and outright burying it was one of the reasons given.


__________________
What CDTM believes;

Never let anyone else define you. Don't be a jerk just to be a jerk, but if you are expressing your true inner feelings and beliefs, or at least trying to express that inner child, and everyone gets pissed off about it, never NEVER apologize for it. Let them think what they want, let them define you in their narrow little minds while they suppress every last piece of them just to keep a friend that never liked them for themselves in the first place.

Old Post Mar 6th, 2020 12:56 AM
cdtm is currently offline Click here to Send cdtm a Private Message Find more posts by cdtm Edit/Delete Message Reply w/Quote Quick Quote
StiltmanFTW
CBvF

Gender: Male
Location: The Wiltshire Estates

Re: A 5%er on the rich and higher taxes

quote: (post)
Originally posted by cdtm
I asked on Quora (...)


You're still not banned there? stick out tongue


__________________

Old Post Mar 6th, 2020 01:07 AM
StiltmanFTW is currently offline Click here to Send StiltmanFTW a Private Message Find more posts by StiltmanFTW Edit/Delete Message Reply w/Quote Quick Quote
dadudemon
Senior Member

Gender: Male
Location: Bacta Tank.

Does anyone here oppose the Fair Tax on factual grounds and not just some ignorant opposition to something new or beneficial to the rich and/or sneaky?


__________________

Old Post Mar 6th, 2020 01:30 AM
dadudemon is currently offline Click here to Send dadudemon a Private Message Find more posts by dadudemon Edit/Delete Message Reply w/Quote Quick Quote
cdtm
Senior Member

Gender: Unspecified
Location: United States

quote: (post)
Originally posted by StiltmanFTW
You're still not banned there? stick out tongue



Closer to being banned on the Labrador retriever Facebook.


"I was told biting a dog on the nose is a good way to discipline them. Any truth to that?"


Went about as well as.you'd expect.


__________________
What CDTM believes;

Never let anyone else define you. Don't be a jerk just to be a jerk, but if you are expressing your true inner feelings and beliefs, or at least trying to express that inner child, and everyone gets pissed off about it, never NEVER apologize for it. Let them think what they want, let them define you in their narrow little minds while they suppress every last piece of them just to keep a friend that never liked them for themselves in the first place.

Old Post Mar 6th, 2020 01:41 AM
cdtm is currently offline Click here to Send cdtm a Private Message Find more posts by cdtm Edit/Delete Message Reply w/Quote Quick Quote
snowdragon
Senior Member

Gender: Male
Location: Somewhere in time

quote: (post)
Originally posted by dadudemon
Does anyone here oppose the Fair Tax on factual grounds and not just some ignorant opposition to something new or beneficial to the rich and/or sneaky?


Nope I love it, although if someone doesn't read the plan they'll carry on with it's a regressive tax code.

Hilariously Scandinavian countries use a VAT in addition to tremendously high taxes on middle classes (in other words not just tax the rich.) To bad bernie doesn't adopt this platform to be more like scandanavian "socialism."

Old Post Mar 6th, 2020 02:09 AM
snowdragon is currently offline Click here to Send snowdragon a Private Message Find more posts by snowdragon Edit/Delete Message Reply w/Quote Quick Quote
BackFire
Blood. It's nature's lube

Gender: Male
Location: Huntington Beach, CA

Moderator

quote: (post)
Originally posted by dadudemon
Does anyone here oppose the Fair Tax on factual grounds and not just some ignorant opposition to something new or beneficial to the rich and/or sneaky?


Can you give me a brief TLDR summary of the proposal or a link to some other TLDR summary? Because I’m lazy, you see.


__________________

Old Post Mar 6th, 2020 03:33 AM
BackFire is currently offline Click here to Send BackFire a Private Message Find more posts by BackFire Edit/Delete Message Reply w/Quote Quick Quote
Nibedicus
Gaming addict

Gender: Male
Location: Philippines

From what the guy is saying I seriously doubt he’s a 5%. Or at least he’s an outlier nut. Rich people don’t talk or think that way.

Edit. Hm Did some research.

https://www.investopedia.com/person...you-top-1-5-10/

Seems you only need to earn around 300k to be a 5%. Not really rich-rich. Very well to-do, I guess. Still sounds like an outlier nut to me tbh.

Last edited by Nibedicus on Mar 6th, 2020 at 03:46 AM

Old Post Mar 6th, 2020 03:39 AM
Nibedicus is currently offline Click here to Send Nibedicus a Private Message Find more posts by Nibedicus Edit/Delete Message Reply w/Quote Quick Quote
dadudemon
Senior Member

Gender: Male
Location: Bacta Tank.

quote: (post)
Originally posted by BackFire
Can you give me a brief TLDR summary of the proposal or a link to some other TLDR summary? Because I’m lazy, you see.


This dude explains it simply:




And some people think the Fair Tax plan is bad because it would punish the poor. But the monthly prebate (basically, a form of UBI, teehee) would make the poor tax neutral or even tax negative. Some think the prebate sounds bad (hating the poor) so here is a breakdown of the prebate:


__________________

Old Post Mar 6th, 2020 03:46 AM
dadudemon is currently offline Click here to Send dadudemon a Private Message Find more posts by dadudemon Edit/Delete Message Reply w/Quote Quick Quote
dadudemon
Senior Member

Gender: Male
Location: Bacta Tank.

I should point out that Texas doesn't have income taxes - it has a tax similar to Fair Tax. And it is among the best states, economically, these last 10 years.

Texas has a regressive tax but they try to offset this with property taxes (the poor cannot own lavish property).

I think the current Fair Tax Plan needs to be updated a bit but the fact that a family of 4 basically gets a UBI of $20,000 a year greatly appeals to me. It is also very business friendly.


I saw a chart that outlined how the Fair Tax compares to the existing tax system by predicting the tax burden across income brackets. Wiki captures it (but proponents of the Fair Tax dispute this because richer will have a bigger incentive to invest and purchase):

https://en.wikipedia.org/wiki/ Dist...n_impa
ct



I think the Fair Tax needs to be updated a bit to patch some of the loopholes (like the wholesale loophole). We need tax-evasion experts to poke holes in this thing and then for the think tank to patch those holes.


Anyone who makes over 150k a year, I think, should be paying at least 17% of their income to taxes in some form. But not much more than 17%. Effective tax rates for really rich are far less than my taxes.


__________________

Old Post Mar 6th, 2020 04:01 AM
dadudemon is currently offline Click here to Send dadudemon a Private Message Find more posts by dadudemon Edit/Delete Message Reply w/Quote Quick Quote
dadudemon
Senior Member

Gender: Male
Location: Bacta Tank.

quote: (post)
Originally posted by dadudemon
This dude explains it simply:




And some people think the Fair Tax plan is bad because it would punish the poor. But the monthly prebate (basically, a form of UBI, teehee) would make the poor tax neutral or even tax negative. Some think the prebate sounds bad (hating the poor) so here is a breakdown of the prebate:



Corrected the second video link to the right one. Too bad I can't edit.


__________________

Old Post Mar 6th, 2020 04:02 AM
dadudemon is currently offline Click here to Send dadudemon a Private Message Find more posts by dadudemon Edit/Delete Message Reply w/Quote Quick Quote
Putinbot1
Restricted

Gender: Unspecified
Location:

Account Restricted

As a 10% I live in a country where I pay no tax and have my savings in two tax havens.


__________________

Old Post Mar 6th, 2020 06:38 AM
Putinbot1 is currently offline Click here to Send Putinbot1 a Private Message Find more posts by Putinbot1 Edit/Delete Message Reply w/Quote Quick Quote
Mindship
Snap out of it.

Gender: Male
Location: Supersurfing

quote: (post)
Originally posted by cdtm
... a little unadmitted fear in the back of their head about what happens when unrest reaches critical mass. He said they could easily hire armies, but that would restrict their freedom.
I think it may be more than restricted freedom. I'm no historian, but I believe history documents multiple examples of where the '99%' -- using their power to acquire more power, often to the detriment of the '1%' -- suffered when the 1% said enough is enough and revolution ensued. The new power structure works at first, but over time, given that power corrupts, the cycle eventually repeats.

It's as if there is some natural threshold -- between Haves and Have-nots -- that when crossed, triggers extreme change.


__________________

Shinier than a speeding bullet.

Last edited by Mindship on Mar 8th, 2020 at 10:47 AM

Old Post Mar 8th, 2020 10:44 AM
Mindship is currently offline Click here to Send Mindship a Private Message Find more posts by Mindship Edit/Delete Message Reply w/Quote Quick Quote
Putinbot1
Restricted

Gender: Unspecified
Location:

Account Restricted

quote: (post)
Originally posted by Mindship
I think it may be more than restricted freedom. I'm no historian, but I believe history documents multiple examples of where the '99%' -- using their power to acquire more power, often to the detriment of the '1%' -- suffered when the 1% said enough is enough and revolution ensued. The new power structure works at first, but over time, given that power corrupts, the cycle eventually repeats.

It's as if there is some natural threshold -- between Haves and Have-nots -- that when crossed, triggers extreme change.
Except in countries where the have nots have never had and they have gone from colonial rulers to tribal leaders with access to Education replacing the colonial rulers, and the country swaps from military rule to democracy and back again; with the same ruling class in charge no matter which system is in control. All bought and owned by wealthier countries and corporations they cow tow to and are complicit to the corruption, because they to are fleeing the have nots.


__________________

Last edited by Putinbot1 on Mar 8th, 2020 at 10:54 AM

Old Post Mar 8th, 2020 10:50 AM
Putinbot1 is currently offline Click here to Send Putinbot1 a Private Message Find more posts by Putinbot1 Edit/Delete Message Reply w/Quote Quick Quote
Mindship
Snap out of it.

Gender: Male
Location: Supersurfing

quote: (post)
Originally posted by Putinbot1
Except in countries where the have nots have never had and they have gone from colonial rulers to tribal leaders with access to Education replacing the colonial rulers, and the country swaps from military rule to democracy and back again; with the same ruling class in charge no matter which system is in control. All bought and owned by wealthier countries and corporations they cow tow to and are complicit to the corruption, because they to are fleeing the have nots.
If I understand you correctly, you're saying that the 1% in these countries survive (rather than being replaced) by adapting to the unrest from the masses, by instituting a 'new and improved' control system (supposedly what the masses want), often with the aid of powerful, outside influences (those favoring the new power structure for their own ends).


__________________

Shinier than a speeding bullet.

Old Post Mar 8th, 2020 11:50 AM
Mindship is currently offline Click here to Send Mindship a Private Message Find more posts by Mindship Edit/Delete Message Reply w/Quote Quick Quote
Putinbot1
Restricted

Gender: Unspecified
Location:

Account Restricted

quote: (post)
Originally posted by Mindship
If I understand you correctly, you're saying that the 1% in these countries survive (rather than being replaced) by adapting to the unrest from the masses, by instituting a 'new and improved' control system (supposedly what the masses want), often with the aid of powerful, outside influences (those favoring the new power structure for their own ends).
Pretty much they flip flop from military coup to dictatorship but the same class stay in power, often oil companies, governments etc are complicit.


__________________

Old Post Mar 8th, 2020 01:59 PM
Putinbot1 is currently offline Click here to Send Putinbot1 a Private Message Find more posts by Putinbot1 Edit/Delete Message Reply w/Quote Quick Quote
SquallX
Senior Member

Gender: Male
Location: miami/fl.

Here’s my man Mr Elder dropping some truths

Old Post Mar 8th, 2020 02:42 PM
SquallX is currently offline Click here to Send SquallX a Private Message Find more posts by SquallX Edit/Delete Message Reply w/Quote Quick Quote
All times are UTC. The time now is 11:16 AM.
  Last Thread   Next Thread

Home » Community » General Discussion Forum » A 5%er on the rich and higher taxes

Email this Page
Subscribe to this Thread
   Post New Thread  Post A Reply

Forum Jump:
Search by user:
 

Forum Rules:
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is OFF
vB code is ON
Smilies are ON
[IMG] code is ON

Text-only version
 

< - KillerMovies.com - Forum Archive - Forum Rules >


© Copyright 2000-2006, KillerMovies.com. All Rights Reserved.
Powered by: vBulletin, copyright ©2000-2006, Jelsoft Enterprises Limited.