Dirt McGirt
Verified User
80 percent of the millionaires in this country are first generation millionaires.
the Founding Fathers were all Liberals
- Thread starter reagansghost
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PoliTalker
Diversity Makes Greatness
Hello Dirt McGirt,
Being a millionaire is not as big a deal as it used to be. If you own a house in a certain market and keep up your payments, boom, you're a 'millionaire' on paper. And those become millionaires which comprise part of that statistic.
They are technically rich, but they are not who I was referring to in my post. When I said 'tax the rich,' sure, technical millionaires should pay something, but not very much of what they have. It is the multi-millionaires, those with 5 million, 10 million, tens of millions, hundreds of millions, up to billions of dollars. THOSE people.
They can afford to pay quite a lot of taxes. They are under taxed. They know it. Some of them are fully willing to pay more as long as everyone else in their class does too. And if they do? It will not affect their lifestyle one bit.
America is a great country. We have a lot of wealth in this country. It's time we ask the holders of that wealth to pony up more to pay back the country which allowed them to become so wealthy. America needs it.
And when we set up programs that result in home ownership for those who previously have been unable to achieve that status? That breaks the cycle of cross-generational poverty. It gives people the hope and security which allows them to excel. It provides the foundation to break the school-to-prison pipeline for black youth and sets them up to become productive members of society, tax-payers in their own right. It reduces the number of incarcerated, reduces the government outlay to incarcerate so many (a national embarrassment,) and it augments our economy and GDP.
It is time to tap into the long-overlooked goldmine of human capital ready to amp up our economy. Sure, we will be requiring the rich to pay more. But it will actually come back to them and everyone else in dividends.
Being a millionaire is not as big a deal as it used to be. If you own a house in a certain market and keep up your payments, boom, you're a 'millionaire' on paper. And those become millionaires which comprise part of that statistic.
They are technically rich, but they are not who I was referring to in my post. When I said 'tax the rich,' sure, technical millionaires should pay something, but not very much of what they have. It is the multi-millionaires, those with 5 million, 10 million, tens of millions, hundreds of millions, up to billions of dollars. THOSE people.
They can afford to pay quite a lot of taxes. They are under taxed. They know it. Some of them are fully willing to pay more as long as everyone else in their class does too. And if they do? It will not affect their lifestyle one bit.
America is a great country. We have a lot of wealth in this country. It's time we ask the holders of that wealth to pony up more to pay back the country which allowed them to become so wealthy. America needs it.
And when we set up programs that result in home ownership for those who previously have been unable to achieve that status? That breaks the cycle of cross-generational poverty. It gives people the hope and security which allows them to excel. It provides the foundation to break the school-to-prison pipeline for black youth and sets them up to become productive members of society, tax-payers in their own right. It reduces the number of incarcerated, reduces the government outlay to incarcerate so many (a national embarrassment,) and it augments our economy and GDP.
It is time to tap into the long-overlooked goldmine of human capital ready to amp up our economy. Sure, we will be requiring the rich to pay more. But it will actually come back to them and everyone else in dividends.
Dirt McGirt
Verified User
And what does this plan look like to you? I see a lot of talking points but no plan to actually make it happen.
PoliTalker
Diversity Makes Greatness
Hello Dirt McGirt,
I mentioned no plan.
I am simply giving my views in a political forum:
"I think the best way to finance reparations would be to tax the rich, because they have benefited the most from inequity. It would be a very good thing to reduce poverty if more people can get over the hurdles to home ownership."
I mentioned no plan.
I am simply giving my views in a political forum:
"I think the best way to finance reparations would be to tax the rich, because they have benefited the most from inequity. It would be a very good thing to reduce poverty if more people can get over the hurdles to home ownership."
The wealthy are the only group that pays a higher percentage of federal income taxes than their percentage of annual income. All others pay a lower percentage than their income; so, I don't think they are "under taxed."
You are assuming people support reparations which is not true.
"Nearly two-thirds of Americans and 90% of Republicans oppose the idea of providing reparations to the descendants of slaves, according to the results of a nationwide University of Massachusetts Amherst/WCVB poll released today."
PoliTalker
Diversity Makes Greatness
Hello Flash,
We can tax them more and make America greater. And that is what we should do.
If we don't, poverty grows.
Population growth is almost entirely occurring in impoverished families.
When people climb in wealth, they stop having too many babies.
We help the poor climb into prosperity and we can end population growth.
There are too many people on the planet. Everything gets better, all the systems have less pressure, when we limit population growth.
Ending population growth is the single most important factor in dealing with the Climate Crisis. Fewer people = less strain on all of the support systems that fuel Climate Change.
We can tax them more and make America greater. And that is what we should do.
If we don't, poverty grows.
Population growth is almost entirely occurring in impoverished families.
When people climb in wealth, they stop having too many babies.
We help the poor climb into prosperity and we can end population growth.
There are too many people on the planet. Everything gets better, all the systems have less pressure, when we limit population growth.
Ending population growth is the single most important factor in dealing with the Climate Crisis. Fewer people = less strain on all of the support systems that fuel Climate Change.
Geeko Sportivo
Verified User
We're all liberals- But only half of us admit it!
anonymoose
Classical Liberal
Consistent with what I always considered racist - apartheid. Yet now assimilation is . At least in Australia.