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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: John Koligman who wrote (514731)	10/18/2012 11:33:38 AM
From: Bob	7 Recommendations Read Replies (1) \| Respond to of 794220

Of course it is the issue, who determines what is fair? Do you? As Reagan said, we do not have a revenue problem, (taxes coming in), we have a spending problem. The government spends too much damn money on too many stupid things, creating an entitlement society. It's been pointed out many times, you could confiscate 100% of the top 2% - and run the government less than 6 months. The government "spends" too much money

To: John Koligman who wrote (514731)

10/18/2012 9:31:12 PM

From: KLP

1 Recommendation Respond to of 794220

If things were fair....the people who are being paid by the government (and who have NEVER put money into whatever system they are 'taking from") would pay "their fair share just as anyone else does. If they are on welfare, or foodstamps, or unemployment, they would be paying some amount to pay for the government/taxpayers largess.....

Extremely rich people, earning over $1,000,000/year need to pay higher taxes, and that includes day traders too....

For instance, in WA State, business pays 1.5-3.0% for ALL money earned in a given year, ignoring altogether if that money was profitable or not, and even if your total intake was less than the costs of doing the business.........The tax is called B&O tax (Business and Occupation tax).....Maybe that's what to do with day traders....


Using that logic I'm sure you could make an even better case that the hedge fund guys making billions on things like shorting the housing crash and paying 15% have an even better case, as they can give even more to charity... Not the issue, it's one of fairness to me....