Raising Taxes On The Rich Would Reduce Income Inequality

maineman said:
what a ridiculous assertion.... income somehow now only applies to earning before income taxes.... so the implications of a progressive income tax have nothing to do with reducing the differential between rich and poor?

So... if their incomes remain the same, as far as you're concerned, why shouldn't we just tax the living shit out of the rich folks? Set the top marginal rate at 99%? Hell... it won't change their income a bit.... right? They keep score in life based upon what their EBIT is, not what their after tax disposable income is... everybody knows that.

you're a fucking moron.
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What's moronic is assuming taxing the income of high earners = taxing the wealthy.
 
Truth Detector said:
LMAO; perhaps you need to re-read my signature Mr. Hypocrite dunce?

You are a one trick pony stuck on stupid.
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my quote that you have chosen to memorialize in your signature is absolutely correct. You are a fucking coward.... all you can do is insult, and add little else of any value to the conversation. I, on the other hand, can weave unassailable argument and biting insult together into a delightful collage. You got nothin'.
 
Taft2016 said:
What's moronic is assuming taxing the income of high earners = taxing the wealthy.
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I never said that taxing income ever touched wealth directly. All it can do is slow the accumulation to whatever degree the wealthy's portfolios are built with income generating assets.
 
maineman said:
my quote that you have chosen to memorialize in your signature is absolutely correct. You are a fucking coward.... all you can do is insult, and add little else of any value to the conversation. I, on the other hand, can weave unassailable argument and biting insult together into a delightful collage. You got nothin'.
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LMAO; again you are too stupid to get the point of my signature; it is to point out your moronic hypocrisy. You see, I don't whine incessantly like a little vagina man about people insulting me. You, on the other hand, do.

It is part of the dishonesty and repugnant stupidity that erupts from you on this forum on a daily basis. I am just reminding you of it.

But alas, you are so incredibly stupid, you still don't get it. Yes dunce, you make me laugh.
 
maineman said:
I never said that taxing income ever touched wealth directly. All it can do is slow the accumulation to whatever degree the wealthy's portfolios are built with income generating assets.
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So your answer to the income gap is to keep middle and upper middle class people from joining the ranks of the wealthy?

Thank you very much.
 
Taft2016 said:
So your answer to the income gap is to keep middle and upper middle class people from joining the ranks of the wealthy?

Thank you very much.
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DING DING DING

bear in mind that the liberal solution to everything is not to lift people up but to tear others down. Theirs is an ideology of destruction
 
again... you talk as if eliminating the "income gap" - in and of itself - was anybody's idea of a priority. It is not.
 
maineman said:
what a ridiculous assertion.... income somehow now only applies to earning before income taxes....
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How do taxes change what I earn dunce? If I make $100K a year and they raise my taxes, I am still making $100K a year am I not? I just find other ways to hide my income so that it cannot be taxed away.

We call this the REAL world shit-for-brains, something repugnant leftist dishonest dunces like you seem to want to avoid.

And again, how is TAXING me going to improve the lot of those who EARN less? It doesn’t; they still EARN less.

Remember, the PREMISE is that TAXING the rich will reduce income inequality; which in itself is a moronic premise and an argument that doesn’t improve the lot of the poor one little bit.

maineman said:
so the implications of a progressive income tax have nothing to do with reducing the differential between rich and poor?
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There you go with that stupid “differential” argument again; you can’t help yourself can you? This is just more proof that you are nothing more than a dishonest hyper partisan asshat underserving of being taken seriously but merely to be pointed at and laughed at for being so patently stupid.

But NO, it doesn’t improve the lot of the poor one tiny little bit.

maineman said:
So... if their incomes remain the same, as far as you're concerned, why shouldn't we just tax the living shit out of the rich folks?
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Where did I ever make the argument that taxing the rich would make any difference at all you dishonest hyper partisan asshole? Oh that’s right, that wasn’t my argument, which was the moronic claim YOU are trying to assert here.

What a pathetic dishonest dunce you truly are.

maineman said:
Set the top marginal rate at 99%? Hell... it won't change their income a bit.... right? They keep score in life based upon what their EBIT is, not what their after tax disposable income is... everybody knows that.
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Again, you’re a brain dead dishonest hyper partisan dunce who can’t distinguish the difference between MARGINAL tax rates and EFFECTIVE tax rates. You really are THAT stupid.

But again, it won’t improve the lot of the poor one tiny little bit.

maineman said:
you're a fucking moron.
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LMAO; yeah, coming from an idiot who thinks Government taxation and redistribution schemes will improve the incomes of the poor and doesn’t comprehend the difference between Marginal tax rates and Effective tax rates, your insults are a badge of honor.

Yes shit-for-brains, you’re a regular genius…when compared to an ameba. LMAO

One thing we can be assured of; when brain dead leftists like you pushed into a corner with your dimwitted false claims, insults become a predictable outcome. Dunce.
 
maineman said:
you claim that my math is in error, but have yet to show how, exactly that is the case. I await a simple arithmetic lesson from you, but I won't hold my breath.

I claim that if Person A has a pre-tax income of $1000 and he is taxed at 75%, his after tax income is, simplistically speaking, only $250.

if Person B has a pre tax income of $500 and he is taxed at 50%, his after tax income is $250. The differential in incomes before and after taxes did indeed change. Before taxes, Person A had income that was twice as much as Person B, yet their after tax incomes are identical because of the different tax rates applied to them. And the shrinking differential will always be in place as long as the guy with the higher income is taxed at a higher rate than the guy with the lower income. Every time.

Prove that simple arithmetic wrong, if you can.
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Haha....you certainly do have a way with words.....redefining them, changing them, moving the goalposts wherever it suits you, etc.....

thats what makes you such a idiot.....you can't admit a mistake, you just gloss over them and restate your argument until its nothing like the original....

Income has now become pre-tax and after-tax. If you'd have said that in the first place, no one would have questioned it other than it being irrelevant to the

subject of income disparity and being irrelevant and totally without meaning to the plight of the poor...

So the rich got poorer and poor remain exactly where they were before the tax increase....the only change is a stupid, meaningless statistic....
 
maineman said:
I never said that taxing income ever touched wealth directly. All it can do is slow the accumulation to whatever degree the wealthy's portfolios are built with income generating assets.
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LMAO!!! There you have it folks; the real agenda for unintelligent dunces like this leftist asshole is to SLOW the accumulation of wealth so that we can make EVERYONE feel the same misery.

LMAO; you truly are a stupid small minded little dunce. Dismissed Comrade; we have heard enough of your Marxist dogma for one day.
 
NOVA said:
Haha....you certainly do have a way with words.....redefining them, changing them, moving the goalposts wherever it suits you, etc.....

thats what makes you such a idiot...you can't admit a mistake, you just gloss over them and restate your argument until its nothing like the original....

Income has now become pre-tax and after-tax. If you'd have said that in the first place, no one would have questioned it other than it being irrelevant to the

subject of income disparity and being irrelevant and totally without meaning to the plight of the poor...

So the rich got poorer and poor remain exactly where they were before the tax increase....the only change is a stupid, meaningless statistic....
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BINGO!! But he doesn't make mistakes Nova; he is very deliberate in the stupidity that erupts from his keyboard. He actually believes the stupidity he spams this forum with.
 
Bravo... In the real world, people realize that income tax does indeed take a bite out of their income... Just like sales tax really does make the price you PAY for your 30 rack of malt liquor more than the sticker says it costs. Progressive income tax has always been designed to take more in taxes from those who have benefitted more from our society, and who thus can afford to pay more towards the optimal operation of that society. That process of taxing the greater incomes to a greater degree has always had the effect of marginally reducing the differential between the net, after tax incomes of those taxed at the higher tax rates and those taxed at the lower rates. Is this really news to you?
 
maineman said:
Bravo... In the real world, people realize that income tax does indeed take a bite out of their income... Just like sales tax really does make the price you PAY for your 30 rack of malt liquor more than the sticker says it costs. Progressive income tax has always been designed to take more in taxes from those who have benefitted more from our society, and who thus can afford to pay more towards the optimal operation of that society. That process of taxing the greater incomes to a greater degree has always had the effect of marginally reducing the differential between the net, after tax incomes of those taxed at the higher tax rates and those taxed at the lower rates. Is this really news to you?
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If Warren Buffet, Michael Bloomberg, Ross Perot, and Bill Gates were to liquidate all of their holdings into cash, how would raising the income tax impact them at all?

Answer: It wouldn't. You could raise the top tax rate to 92% and it wouldn't cost them a dime.

So all of the talk of "taxing the wealthy" is just that; "talk."

"Taxing the wealthy" is just libspeak for "taxing people with better jobs than me."
 
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