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@9FG58GJ 2yrs2Y
Top Disagreement
This would result in companies going bankrupt and seperation of wealth. hard working workers would be taxed harder, and their life would be hard. If buisnesses are not taxed, then they will be succesful and boost americas economy.
@Ign3usR3xSocialist7mos7MO
Little lost on your comment. You think raising the taxes on the richest few of Americans, akin to a tax rate of the 50s or 60s, would result in "hard working workers would be taxed harder", "and their life would be hard"... the rich?? What are you talking about. How would their life get marginally harder by taxing them at a fairer rate.
"If businesses are not taxed, then they will be successful and boost Americas economy." Now this part is just wrong on so many levels. Break it down piece by piece, businesses don't get taxed, we have no tax revenue, we have a budget deficit, we get more broke, we broke, interest goes up, that's a dang avalanche of issues by just ridding of taxes entirely.
@9FSWPPH2yrs2Y
Taxing the rich isn't fair considering they worked hard to get to where thy are. If anything everyone should have equal taxes.
@VulcanMan6 2yrs2Y
“Taxing the rich isn't fair considering they worked hard to get to where thy are.”
The rich quite literally did not work for their money; they got their money via property ownership and by taking the profits of other people's labor.
@9S8MS8CRepublican 1yr1Y
They did work for their stuff; they started the companies and did a lot of work when they first began. Yes, they deserve the money because they take all the risk. If the company goes bankrupt, the owner is the one who will lose all their money, not the employees, who can just get another job and not face bankruptcy. For the owner, they lose everything, while the employees only have the tools they use to work because the owner bought all the supplies. For example, in a pencil shop, employees do make the pencils, but they wouldn’t have the graphite, wood, or machines if it weren’t for the owner buying the supplies. That’s why the owner takes all the risk, and if the company goes under, so does the owner, not the employees.
@Ign3usR3xSocialist7mos7MO
“not the employees, who can just get another job and not face bankruptcy.”
The idea that only business owners take risks ignores the truth of how employment even works. Employees may not invest capital, but they do invest their time, skills, livelihoods, etc. into their career or job. If a company goes bankrupt, the owner loses money, but employees lose their source of income. That's life man. This can mean eviction, loss of healthcare, financial ruin. Unlike business owners, who often have assets, investments, and safety nets, many workers (most Americans) live paycheck to paycheck.
And while an employee can look for another job, that doesn’t mean it&rsqu… Read more
That can only be the case if you subscribe to the low-IQ Marxian economic principle of the labor theory of value, which has been proven to be false...
@NameIGuessLolSocialist 1yr1Y
Mr. @Patriot-#1776 ... there is no way Jeff Bezos did $211 billion worth of cold, hard labor.
If a businessperson profits off another worker's labor, that worker did not get the whole fruit of said labor. It would essentially be the same thing if the worker actually did get the fruit of their labor, but then the businessperson stole a portion.
What most socialists don't understand about financial outcomes, is that your potential return will always be based on what you are personally willing to risk and the amount of personal stress and uncertainty you take on, not just cold hard labor. You will either pay the price, or reap the benefits of how much risk you took on. Intelligent, cold hard labor will increase your chances of maximizing the potential return.
Read a biography about Jeff Bezos through the lens of how much uncertainty and personal risk he took on, then you will definitely see why he is worth that much money.
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But labor does not produce value. Value is subjectively evaluated by individuals – that's why trade even happens. That's why, for example, buying a box of apples from a farmer is possible. The farmer values the money more than the apples, and you value the apples more than the money. If labor was the determinate of value, then value would be objective, making all economic transactions senseless and disincentivizing anyone from participating in trade. The same works for employees and their employers. The employee values his pay check more than the time he spends to attain it, while the employer regards the worker performing a certain task/tasks as more valuable than the money with which he compensates the employee. "Surplus value theft" is a myth. The very fact that people work at all debunks it.
You're thinking of labor done to get rich, but I think of it as the education done. Yes, Jeff Bezos isn't personally delivering his packages to make the money, but he did go to Princeton. He did put in the work of his education. And then... he did it again when he wanted to start a business. You don't have to go to college or probably even graduate high school to work for Amazon. And whether that's the person's choice or if something happened to prevent them from going, that's the reality of how it works.
Deleted2yrs2Y
If they received any government subsidies (R&D budget, etc.) in the process, they must pay more taxes.
I would like to lower the corporate tax rate and increase the wealth tax. This is because wealth taxes are more effective in redistributing wealth.
@9FR28VW2yrs2Y
I want to simplify taxes and allow the IRS to do what its supposed to do; enforce the paying of said taxes. It should be a simple, seamless process for you to pay your taxes and know exactly where that money went to.
Amazon and many other corporations paid $0 in taxes for several years and the wealthiest individuals in our country get rich from capital gains and borrowing against their wealth which amounts to limited, if any taxes for them. CEO pay has continued to rise exponentially while minimum wage and the average pay for a worker has stagnated. We decry social welfare and public assistance platforms but don't bat an eyelash when CEO pay explodes or companies use billions for stock buybacks. By not changing the tax structure, we, the average American, are just paying taxes to subsidize the social program on our dime while major business (looking at you Wal-Mart) rake in profits by paying their workers less and letting US foot the bill for it.
Your points are certainly compelling and highlight some of the glaring issues in our economic structure. However, it's crucial to note that raising taxes on the rich may not necessarily be a definitive solution to wealth inequality. For example, in France, the implementation of a wealth tax led to an exodus of wealthy individuals leaving the country, which resulted in a loss of potential tax revenue and less capital for investment.
Moreover, it's important to remember that many wealthy individuals and corporations contribute significantly to the economy through innovation, job creati… Read more
@VulcanMan6 2yrs2Y
However, it's crucial to note that raising taxes on the rich may not necessarily be a definitive solution to wealth inequality.
That's because we need to tackle the means that rich people make their money, such as private capital ownership, otherwise we will just be in an endless cycle of us taxing them and them inflating costs to make up their profits.
For example, in France, the implementation of a wealth tax led to an exodus of wealthy individuals leaving the country, which resulted in a loss of potential tax revenue and less capital for investment.
If we didn't… Read more
@Ign3usR3xSocialist6mos6MO
Yeah this was written by ChatGPT. This is either a bot or someone just using AI to answer the questions. Lame.
This is unfair to the rich as they should not be more responsible than other people to pay for things int he government.
@9FBJ3CQ2yrs2Y
The top 1% of people hold 40% of the nation's wealth and the bottom 50% of people hold less than 3% of the nation's wealth. Raising taxes would help to reduce this massive income gap.
@9FRFJQM2yrs2Y
I don’t believe they should because everybody gets the same split out of there check for taxes it makes no sense to take out more for someone who makes more. everyone works just as hard as others do.
@9FJ8HHK2yrs2Y
no because they are using those taxes to fund the poor the poor just need to get a job earn that money like the rich do
@9F9W8BXRepublican2yrs2Y
I don't think its fair that someone that's much wealthier can pay the same as someone who's financially struggling, It should have an all around equal % taxed towards your annual income.
@9FBLCF42yrs2Y
I believe that the rich profit the most off of people including the poor and the fact that they are not taxed more due to them making more profit is a bit interesting. It shows that the rich are able to keep profiting and keep their power for a long time. Taxing would keep them in check and make sure they dont abuse their power ad wealth.
@9FV8Y2Q2yrs2Y
Personally, I feel as though taxes should not be raised on the rich for many reasons. The government tends to waste the money that they collect, so if they increase taxes, the only thing that would happen is the government essentially would just be receiving more money to waste on things that aren't important. There also would not be any type of intention for them to spend money correctly.
@9FTPWV92yrs2Y
This would also make people work less. The ones who are for this position are the ones wanting to sit at home and get everything handed to them.
It unfairly ,y targets individuals who might not get the same privileges or opportunities as others, while still having to pay the same.
@9FW985H2yrs2Y
All people have chance to make money the same as rich people do, rich people shouldn't be taxed more based on how much they make
@9F9XKGK2yrs2Y
The way we have the finances run right now need improvement. This can even make less people fall into debt and keep them off the streets in a simple way.
@9FVZTPGWomen’s Equality2yrs2Y
Im fine with paying taxes, but if we have to pay for the presidents mistakes, thats where I draw the line
Deleted2yrs2Y
If rich people grow through businesses that receive government subsidies or tax credits, they have to pay more taxes.
Also, if we don't want to pay more taxes, we can just stay in the middle class. It is also our choice.
And the ultra-rich cannot even spend all that money. If wealth is concentrated, consumption will decrease, so the economy will be more active when wealth is flow down.
I would like to lower the corporate tax rate and increase the wealth tax. This is because wealth taxes are more effective in redistributing wealth.
Deleted2yrs2Y
If rich people grow through businesses that receive government subsidies or tax credits, they have to pay more taxes. Also, if we don't want to pay more taxes, we can just stay in the middle class. That too is our choice.
And the ultra-rich cannot even spend all that money. If wealth is concentrated, consumption will decrease, so the economy will be more active when wealth is flow down to middle&low income people.
@9FRMRNC2yrs2Y
Higher taxes can cause economic growth and discourage investment which leads to fewer job opportunities.
@9FBGJV62yrs2Y
In 2022, the poverty rate increased 4.6% from the year before. The money from increased taxes on the rich can help decrease the poverty rate, as well as the above.
@9FBDR822yrs2Y
An example is Richard v Reeves and Isabel V. Sawhill, senior fellows of economic studies at the Brookings Institution’s Center on Children and Families, recommend eliminating income taxes for most middle-class households by raising the standard deduction to $100,000. Such a change would relieve much of the tax burden placed on middle-class families.
@9FX8HWHIndependent2yrs2Y
Taxes should be lowered because many middle class and poor families are having trouble affording their everyday needs.
@9FWLJWD2yrs2Y
the income tax violates the Fifth Amendment right that no person shall be "deprived of life, liberty, or property, without due process of law
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