04 Aug '10 13:26>
Originally posted by rwingettSo... you're not concluding something about political democracies by using the US case?
Yes. That's correct. So?
Originally posted by rwingettBut it seems that most people like the system the way it is now. They don't want to be saved.
Nothing, or nobody, is going to arrive to save you. There is no messiah. It's up to you (and everyone else) to collectively save yourself. In that regard there is indeed much you can do.
Originally posted by rwingettNow explain to me how the poor are to push these interests without the necessary money or skills?
If the poor were to push for their own interests directly within the economic sphere with half the intensity they have in the past within the political sphere, they would be half way home to actualizing their own emancipation. But instead they are deceived into thinking that politics is the sole field where their grievances can rightfully be aired. But as we can see, a purely political democracy without economic democracy is an empty shell.
Originally posted by quackquackSurely that is false? Were you perhaps joking? In my experience, the super rich pay the least tax by far.
Tax policies in the US do not favor the rich. A neutral tax policy would be the government collects taxes in the way a sandwich shop owner sets prices. If you want a sandwich you pay a fixed price regardless of your income. We have a graduated income tax and therefore the wealthier not only pay more taxes they pay at a higher rate.
Originally posted by twhiteheadActually, that is how a graduated income tax works. The more you make, the high percentage you pay. If I were to double my salary, I would pay more than twice as much in taxes. This policy clearly favor those with less money.
Surely that is false? Were you perhaps joking? In my experience, the super rich pay the least tax by far.
Originally posted by quackquackI'm copying over (with minor corrections) what I posted in the "Limbaugh leaves New York" thread on July 16.
Actually, that is how a graduated income tax works. The more you make, the high percentage you pay. If I were to double my salary, I would pay more than twice as much in taxes. This policy clearly favor those with less money.
Originally posted by quackquackBut if you were to have your income structured in such as way as to have it come mainly from "capital gains", then you'd be paying much much less in taxes. This policy clearly favors those who already have lots of money
Actually, that is how a graduated income tax works. The more you make, the high percentage you pay. If I were to double my salary, I would pay more than twice as much in taxes. This policy clearly favor those with less money.
Originally posted by quackquackBut the super wealthy do not pay tax based on that system. The vast majority of their income does not come in the form of a salary.
Actually, that is how a graduated income tax works. The more you make, the high percentage you pay. If I were to double my salary, I would pay more than twice as much in taxes. This policy clearly favor those with less money.
Originally posted by MelanerpesLets look at the total bill because that's what matters: Warren Buffet pays far more capital gains taxes and more income tax than virtually everyone in the world. And this is consistent with the reality that the US has a system where those with less money have imposed their will to tax those with more.
But if you were to have your income structured in such as way as to have it come mainly from "capital gains", then you'd be paying much much less in taxes. This policy clearly favors those who already have lots of money
What percentage of Warren Buffett's annual income comes from a salary?
Originally posted by quackquackWarren Buffet is in favor of heavy and progressive estate taxes.
Lets look at the total bill because that's what matters: Warren Buffet pays far more capital gains taxes and more income tax than virtually everyone in the world. And this is consistent with the reality that the US has a system where those with less money have imposed their will to tax those with more.