Why not tax the rich 100%?

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Dixie - In Memoriam

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The argument we always hear is, the wealthy have more than they need... Well, if that is true, why don't we tax the wealthy 100% on their income? They don't need an income, they are wealthy... so wouldn't it make just as much sense as taxing them at increasingly higher rates than anyone else, based on that premise, to just go ahead and take it all? I mean, they don't really need that money, right?

I want to hear some pinheads tell me why we shouldn't tax the wealthy at 100%.... present your case for NOT doing that!
 
Damocles said:
Why not? They're all bad greedy people who don't deserve anything.
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Corporations too! We should tax them 100% as well... greedy sons of bitches making all that profit off the backs of poor American workers... I'm sure they have PLENTY of money in the coffers, they wouldn't miss it one little bit! We should raise their taxes to 100% ...just think of all the money that would bring in?
 
Rep. Joe Wilson R said:
It is your stupid idea, why would anyone want to argue about it?
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Stupid? What's stupid about it? Isn't that what you pinheads are always yammering... the rich don't deserve it and need to be taxed more? Corporations make huge profits and need to pay more tax? I've heard you people make this argument often, pinhead.... so why not raise it to 100%?
 
This is a dumb argument. Basically everyone agrees that it is counterproductive to tax the wealthy at more than 50%. You are correct that taxing the wealthy at an astronomically high rate would produce less revenue; few would disagree. But that's a far cry from raising taxes by a few percentage points.
 
Hey Dixie, maybe we should lower everyone's taxes to 1 percent? By your logic, revenue would shoot through the roof, and we'd be able to pay down the national debt in five or six years.
 
St. Augustine said:
This is a dumb argument. Basically everyone agrees that it is counterproductive to tax the wealthy at more than 50%. You are correct that taxing the wealthy at an astronomically high rate would produce less revenue; few would disagree. But that's a far cry from raising taxes by a few percentage points.
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St. Augustine said:
This is a dumb argument. Basically everyone agrees that it is counterproductive to tax the wealthy at more than 50%. You are correct that taxing the wealthy at an astronomically high rate would produce less revenue; few would disagree. But that's a far cry from raising taxes by a few percentage points.
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Same resulting principle applies, doesn't it? Why would it not? If taxing 100% would virtually stop any wealthy person from earning any wealth, it would stand to reason the same effect happens to a lesser degree at lower rates. The less a person can earn, the less inclined they are to work, wouldn't you agree? If I am going to take 60..70...80..90% of what you earn, how inclined are you to work? Any more or less than at 100%? There really isn't much difference in how excited you are about working, under those conditions. We can also reasonably assume, the less % of your wages are taken, the more excited you are to work, the more you don't really mind working... hey you get to keep more of your money! Who doesn't ultimately like that? ...no hands!

St. Augustine said:
Hey Dixie, maybe we should lower everyone's taxes to 1 percent? By your logic, revenue would shoot through the roof, and we'd be able to pay down the national debt in five or six years.
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Maybe we should lower everyone's taxes to 0%***

***Do away with taxation on our income earning, and tax our consumption instead!!!!!!
 
Dixie said:
The argument we always hear is, the wealthy have more than they need... Well, if that is true, why don't we tax the wealthy 100% on their income? They don't need an income, they are wealthy... so wouldn't it make just as much sense as taxing them at increasingly higher rates than anyone else, based on that premise, to just go ahead and take it all? I mean, they don't really need that money, right?

I want to hear some pinheads tell me why we shouldn't tax the wealthy at 100%.... present your case for NOT doing that!
Click to expand...
Well why not pay the poor nothing? From what we hear from the right is that they don't produce anything anyways.
 
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