hey man, I feel you, but I have to say thank god for those loop holes. Until your parents have a business going or start making an income to have a couple million in equity you do not know. The fact is, a lot of those loop holes are fair, and exist, due to the nature of a person’s investing or business activity. It’s just natural that certain rules apply to certain games.
Here’s the sob story, my mom had a business for the last 5 years. We were never rich before, and now she had a cash flow of like, $250k a month at one point. What you don’t understand, is that uncle sam wants as much of that money as possible. There are so many BS, and specific taxes to just reap more of the hardworking people who have earned that high income. Add in politics and coorperation’s(?) that want to get rid of the competition and it’s no wonder something like 9/10 small business’s fail
My mom still has her business’s, but I mean, it’s ridiculous, you work your ass of for more money and then you get punished by having to pay all these other crazy taxes that other people don’t have to? How is that fair?
I went to an accredited high school in an inner city. It’s not that you need to be near rich properties…you just need to be willing to shell out a few thousand per year. Though student vouchers would solve all these problems.
You realize how utterly irrelevant that is to that subject, right?
That’d literally be returning to the Dark Ages of feudalism.
Different cities have different way of doing things. Some have magnet districts, some allow for very liberal zoning areas. That said, one of the unanimous features you will notice about American primary education is that the schools are funded by property taxes. The more valuable the property is around a school, the more money that is FORCED to go to education. It’s a terrible system.
theres several ways we can make this country better
70-80% taxes on the rich. Yes they already pay more taxes then anyone. So what? We have a society to fix.
We can allocate funds to each state, and make sure they spend it in a certain way(free higher education for everyone, universal healthcare, help with getting a nice home thats actually livable etc). Our states have populations that are similar in size to many European countries, theres no reason our states cant imitate, and with the federal government helping out, i dont see why it wouldnt work.
We should have a nationalized (progressive) education tax, that way even ghettos get great funding for school. its not fair at all that they get the shaft while a small percentage gets everything handed to them.
with these programs in place, the eventual goal of ACTUAL socialism will be somewhat possible.
You’re referring to the Laffer Curve are you not? The inventor of the concept, Arthur Laffer, has said
Another interesting thing is that the Laffer Curve has been used to argue in the opposite direction (i.e. to raise taxes). However, I do agree that simplifying the tax code and closing loopholes would probably be the best way to increase revenue and pay off the deficit. The problem is that whenever you want to change anything there is already a large number of special interests entrenched in the establishment that will fight you tooth and nail on it.
Mayor: Hey all you hardworking and majority of the contributing members of society that already get taxed more than others who contribute less. I have a great idea!
HardWorkingTaxPayer: What?
Mayor: You know that one side of the city with broken families on welfare that you already support through social programs?
HTP: Ya…
Mayor: What we’re going to do, is take your money, and support those schools in areas where your crime comes from and your children do not go, with your money, against your will. Sound good?
HTP: …I already contribute more to society, and now I have to chip in for somebody’s education that I don’t know, in a city 50 miles away, who is not contributing their fair share and I already contribute more than?
Mayor: ya, its just money, Don’t be a dick.
And lol@ people wanting to remove wealth as if mediocrity is something to strive for. What a great society we would live in when no matter how much or little you contribute to society, the government would still pick up the check for everything.
I’m having trouble understanding the logic here. You’re saying that in a society where wealth is removed, that A. people would have an incentive to be mediocre (how?), and B. the government would “pick up the check” (keep in mind that there is no wealth value attached to things, therefore leaving currency–the check, in this case–completely worthless).
Even so, my suggestion that we just get rid of wealth was facetious. My suggestion of reverting to decentralized small economies, slightly less so.
What is the incentive to bust your ass in a career if there is nothing to work towards? But since you were being facetious I can’t expect your statement to be logical.
don’t give me this bullshit. we havn’t been honestly promoting hard work for a long time. currently our upwards mobility is at a DISMAL 7%. so you tell me, are we currently promoting the idea that hard work and dedication pays off in life? no we aren’t. currently if you grew up in a well off family then your WAY more likely to do better in life regardless of the amount of effort you put in than if someone grew up in a shitty ass area. in my example richie rich could spend all his childhood smoking pot and fucking around while ghetto fabulous could live in their library all the way through grade 12 and guess what that shit doesn’t really matter, richie rich will still land a better job than the person who actually tried.
and to put this into perspective, i don’t hate rich people who came by their money honestly. i really don’t, that’s the american dream is to make it, and if you did then more power to you. but a lot of the people currently rich are there because they were born into it. born with a large stake in a company that’s been buying favorable legislation for years to where no other company can even dream of actually competing. my problem stems from this capitalism for low/middle class, socialism for the rich (socialized losses, privatized gains). like the current wallstreet execs, their current salary’s and bonuses are ONLY possible because of the bailouts provided by the american taxpayer, we took all their losses and now they are immediately turning around and saying “you stay away from my profits”. yeah sorry buddy but those profits were possible because A) we kept you from going out of business, and B) by bailing you out we gave you a massive advantage in the market place as you were literally insured by the federal gov’t and got free capital injected into your balance sheets that other competing banks didn’t have the luxery of having. and what are these yahoo’s doing with our money? taking it straight back into the casino system that collapsed to create the whole clusterfuck in the first place.
You would have an incentive to be a useful member of your community. That’s probably about as analogous as it gets to the concept of “career” as a society based on wealth would understand it.
It would certainly slow it to a crawl. Whether this is bad or not is a value judgment.
Yeah…the problem there is that the bailouts were required because of government mismanagement. The government encouraged banks to hand out subprime loans by forcing Fannie Mae and Freddie Mac to buy them up and then duping investors. I’m no fan of the bailouts, but the government wronged the banks more than the banks wronged the American public.
And there’s nothing you can do about rich kids. Yeah, I hate rich kids plenty. I’m from a non-rich family and went to a rich kid’s college. But what’s the alternative? If somebody goes through eight years of school, becomes a doctor, works sixty hours a week for fifty years, retires and dies a millionaire…then what? The government should take their money because their grandkids are probably going to be douchebags?