31 Jul 22
@averagejoe1 saidWho/what/where are you talking about? Someone rich just won a lottery?
By liberal reasoning, he did not earn the money. He got it off the backs of millions and millions of people. Yet you want to take money from the rich who have taken risk, and earned it
31 Jul 22
@averagejoe1 saidGood luck to the winner. I only hope they still have their significant others around them in 10 years time.
One ticket was sold in Illinois which brought $1.2 billion. Yesterday.
Winner not yet identified. (outed, in lib-speak).
31 Jul 22
@kmax87 saidSo you apparently agree that he is entitled to the money.
Good luck to the winner. I only hope they still have their significant others around them in 10 years time.
Please…The question is then, how do you square your allowing his retaining the billion to not allowing rich people to keep their riches?
That is the simple question. Hopefully Sonhouse will not respond.
So, what say you?
31 Jul 22
@averagejoe1 saidThe difference is the lottery winner will pay all relevant taxes as the money is released to him. He will not receive a lump sump and he will not be able to hide his money from the public tax collection agencies. That's a big difference.
So you apparently agree that he is entitled to the money.
Please…The question is then, how do you square your allowing his retaining the billion to not allowing rich people to keep their riches?
That is the simple question. Hopefully Sonhouse will not respond.
So, what say you?
31 Jul 22
@averagejoe1 saidThe other distinct reason is that this guy won a lottery. The purse accumulated through the people playing it. It did not arise through anyone exploiting anyone or by defrauding any one and most of all it was open to anyone willing to play. Vastly different to the way most billion dollar fortunes are created. I would never play a lottery so I would never win the prize. The odds against winning are stupidly high. Some people are willing to bet against those odds. It's a closed loop of willing participants, good luck to them I say.
So you apparently agree that he is entitled to the money.
Please…The question is then, how do you square your allowing his retaining the billion to not allowing rich people to keep their riches?
That is the simple question. Hopefully Sonhouse will not respond.
So, what say you?
31 Jul 22
@kmax87 saidMost winners take lump sum, though how he ‘directs’ HIS money is irrelevant, Kmax,
The difference is the lottery winner will pay all relevant taxes as the money is released to him. He will not receive a lump sump and he will not be able to hide his money from the public tax collection agencies. That's a big difference.
Should he be allowed to own the money, paying appropriate taxes thereon?
Since you interject a tax issue, should a billionaire be allowed to keep his money after paying appropriate taxes thereon?
@averagejoe1 saidYes I do applaud Billionaires who pay their due taxes. I have nothing against free Enterprise and people being rewarded for their effort and ingenuity. I do have a problem when people exploit the labor of the very workers that are helping realize that potential Billionaires dream. Billionaires depend on a system that they did not create in order to become wealthy. They are usually people with fantastic drive and vision. More power to them. But they do not accumulate their fortunes in a vacuum. They benefit from society and their giving back to society needs to be commensurate to their gain. As they used to say to whom much is given, much is expected. I think that is a good maxim to live by. Adam Smith thought so.
Most winners take lump sum, though how he ‘directs’ HIS money is irrelevant, Kmax,
Should he be allowed to own the money, paying appropriate taxes thereon?
Since you interject a tax issue, should a billionaire be allowed to keep his money after paying appropriate taxes thereon?
31 Jul 22
@averagejoe1 saidPoor Joe - He believes all Liberals think exactly the same way.
By liberal reasoning, he did not earn the money. He got it off the backs of millions and millions of people. Yet you want to take money from the rich who have taken risk, and earned it
31 Jul 22
@averagejoe1 saidThey should pay taxes at the graduated rates everyone else does at that level of income.
By liberal reasoning, he did not earn the money. He got it off the backs of millions and millions of people. Yet you want to take money from the rich who have taken risk, and earned it
@mchill saidGood point, I sorta do. After all, libs never praise what the producers have done for this country,,,,,y'all only put down the rich. KMAX says that people are exploited in order for the rich to get rich. I quite disagree. If Walmart or Amazon create thousands of jobs and provide goods and services, where in that equation is someone exploited. No one is forced to work for them.
Poor Joe - He believes all Liberals think exactly the same way.
The roads that the workers travel on, the trucks that someone built to help Sam Walton get rich.....he paid for all that, his fair share, thru legitimate purchases, and thru taxes.
So, anyway, I would like for you McHill to explain why the lottery winner gets to keep money he has not earned, which is a HUGE no-no for people like Suzianne, who rail on about the backs of others. For the record, in these forum discussions we stipulate that all monies are on the up-and-up, no fraud or cheating of stealing. If the guy with the widget factory sells 1M widgets at $20, he makes $20M,,,these profits will compound over time, doubling maybe each year. Most libs think that the govt should put a lid on just how much a man should be able to make. A post yesterday said he needs to make no more than he requires, whereupon I responded that I require a swimming pool in my backyard.
I am not getting straight answers here.
Can you tell us what YOU think, regardless of the different liberal opinions on such subjects. Two people get over a billion dollars, one earned it, one did not. Can they both keep it? (I have no idea why KMAX87 interjected taxes into the premise.)
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@averagejoe1 said$1.2 billion is ridiculous for a single person.
One ticket was sold in Illinois which brought $1.2 billion. Yesterday.
Winner not yet identified. (outed, in lib-speak).
They need to restructure the system so that awards that big are split between 1200 people.
1200 millionaires versus one sick insanely rich person.
31 Jul 22
@no1marauder saidThis post is not about taxes. We stipulate that everyone earns money legally and pays the required taxes.
They should pay taxes at the graduated rates everyone else does at that level of income.