http://www.guardian.co.uk/business/2007/oct/31/usnews
On Sun, Nov 2, 2008 at 8:05 PM, Larry Miller <[EMAIL PROTECTED]>wrote: > The top 2-3% are already paying close to 50% of the taxes. How much do the > greedy and selfish 97% want from them? If you have ever spent time around a > wide range of people you will find that some of the poorest are the most > mercenary. > > Beyond that, we ALL benefit from a safe and secure country and we only > appreciate what we pay for ourselves. This is why those on the bottom > levels of income can only whine about this country. > > Larry Miller > > > ----- Original Message ----- > From: Leland F. Jackson, CPA > To: ProFox Email List > Sent: Sun, 2 Nov 2008 21:33:33 +0000 (UTC) > Subject: Re: [OT] Obama's redistribution plan at work > > How long do you think those with the highest income would continue to > thrive in a country that did not have a strong military, a supreme court > and justice system, a stable economy, law and order, and all the other > services government provides? Those with the highest income, or those > with a background coning from the wealthiest dynasties, have a lot more > to lose than the average citizen, should government fail, or God forbid, > fall in revolt, revolution, or war, from within or outside the USA, and > a guy living on the streets could care less, so yes, those who have most > should contribute most to the system. As the bible says, "To whom much > is given, much is expected. - Luke 12:48". > > Its time for the top 2% of the country to stop being so selfish and > greedy, and start putting more back into the system. It's time to put > country, and the American people, ahead of self, (eg selfish and greedy > come to mind here). > > Regards, > > LelandJ > > > > Larry Miller wrote: > > The progressive tax system has served the tax lawyers and accountants > well, as well as the members of congress who hold the keys to selecting > winners and loosers in the system. Beyond that, I would beg to differ that > those with more income get more from the govt. Those paying the least in > taxes are riding free on all kinds of benefits that those with greater > income don't get. Hence, just the idea of a progressive income tax is a > redistributionist plan. > > > > Larry Miller > > > > > > ----- Original Message ----- > > From: Leland F. Jackson, CPA > > To: ProFox Email List > > Sent: Sun, 2 Nov 2008 19:08:21 +0000 (UTC) > > Subject: Re: [OT] Obama's redistribution plan at work > > > > A progressive income tax is not really giving my money away to someone > > else. Its about how much each person pays in income tax for government > > services received. Under a progressive income tax, the greater my > > income, the greater my contribution to the government, but then the > > greater my income, the greater the value of the government services I > > receive. This is only fair; since, the wealthiest individual receive > > more benefits from the government, than say someone working for a > > minimum wage that really doesn't have that much to lose. > > > > I've heard a lot of bitching and complaining about how complex and > > taxing the current system is with many calling for a flat tax where > > everybody pay a flat percentage of their income to Uncle Sam. The > > amount of tax paid under a flat tax increases as the income level of the > > individual increases, but the rate of tax remain the same based on the > > tax as a percentage of income. Well, let's really make thing simple and > > have everyone pay a flat $1,000 tax; period. Now wouldn't that be > > simple. There wouldn't even be a need to file an income tax return; > > since, the amount of income a person earned would not be relevant to the > > tax calculation. Under such a tax, the homeless guy who has zero income > > and Bill Gates who earns billions would both be required to pay $1,000 > > in taxes. With something over 300 million people in the USA, this > > would theoretically bring in about 3 trillion in tax revenue each year. > > See how simple it gets. However, is a flat amount tax fair? I'll > > answer my own question. It's not only unfair, it not a viable system > > and would quickly wreck our economy. > > > > Although a flat rate tax as a percentage of income is not as extreme as > > a flat amount tax, they are both unfair and difficult to administer; > > because, people in different income level have very different needs. I > > suppose an entire book could be written on this subject, including the > > concept of diminishing return as it applies to income level, but I don't > > have time to get into that today, but saying Senator Obama's tax plan is > > a tax give of anyones income by government distribution is not true. > > > > The progressive tax system in the USA has served Americans well over > > many, many, year, so why change a good thing. The Bush Administration > > change in tax policy adversely affected the USA economy to the point > > that America is now in a recession, and the Bush tax changes resulted in > > a economic stimulus package to returned millions of income tax dollars > > back to the American people, so they had enough reward in the GDP to > > participate by consuming some of the products they labored so hard to > > produce. Remember, the American consumer helps drive the economy, and > > helps to create the wealth held in the hand of big Corporations, > > management, and super wealthy individuals, and the bulk of consumption > > of good is service takes place by middle income folks. LOL Senator > > Obama's suggested tax policy is just to return the tax system back to a > > point where it is balanced and functioning again. > > > > Regards, > > > > LelandJ > > > > > > > > John wrote: > > > >> No kidding today on my way to lunch I passed a homeless guy with a sign > that > >> read 'Vote Obama, I need the money.' I laughed. > >> I got into the restaurant and again no kidding my server had on a 'Obama > 08' > >> tie, again I laughed as he had given away his political preference--just > >> imagine the coincidence. > >> When the bill came I decided not to tip the server and explained to him > that > >> I was exploring the Obama redistribution of wealth concept. He stood > there > >> in > >> disbelief while I told him that I was going to redistribute his tip to > >> someone who I deemed more in need--the homeless guy outside. The server > >> angrily stormed from my sight. > >> I went outside, gave the homeless guy $10 and told him to thank the > server > >> inside as I 've decided he could use the money more. The homeless guy > was > >> grateful. > >> At the end of my rather unscientific redistribution experiment I > realized > >> the homeless guy was grateful for the money he did not earn, but the > waiter > >> was pretty angry that I gave away the money he did earn even though the > >> actual recipient needed money more. > >> I guess redistribution of wealth is an easier thing to swallow in > concept > >> than in practical application. > >> > >> You might try this experiment yourself > >> > >> > >> > >> > >> [excessive quoting removed by server] _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. 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