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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (111692)2/24/2008 1:36:19 PM
From: TimF  Read Replies (2) | Respond to of 132070
 
but not a share equal to their share of the total wealth

They pay a more than equal share based on their income. We don't have wealth taxes in the US.

Actually they probably pay a more than equal share of income tax based on "their share of wealth" because many people pay no net income taxes.

if i own 90% of america and i only pay 80% of the expenses, someone is subsidizing the other 10%.

Nonsense. If you create wealth and then have more of it, you aren't being subsidized.

Even if you pay very little in taxes (which isn't the case for the vast majority of wealthy people in the US) that isn't receiving a subsidy from the government, unless the government sends you money. You can argue that its "not paying your fair share" (whatever "your fair share" is supposed to mean), but your still paying the government not the other way around. Of course people, including rich people, do receive actual subsidies from the government, but not paying an amount in taxes equal to the same percentage of the total tax payments, as your percentage of the nation's wealth, income, or other economic stat or measurement is not receiving a subsidy.

so, what is your real world plan to turn the usa into a fiscal responsible nation

Their may be no likely real world plan to make the US highly fiscally responsible. Extra spending even combined with extra taxes, isn't fiscally responsible (even if the deficit shrinks, with the extra tax)