Magish

iTrader: (2)

http://www.brookings.edu/articles/19...mics_gale.aspx

http://www.taxpolicycenter.org/taxto...a/Flat-Tax.cfm


I'm not sure if I buy it. In theory, it sounds good. But when you get down to the nitty-gritty details, I don't think it makes sense. The fact is that such a system would have disproportionate negative impacts on the poorest of Americans while having outlandishly positive impacts on the wealthiest. I don't buy the idea that monthly checks proposed to be given to poor families will accurately offset their increased tax burden.

Furthermore, from what I understand the proposed rate of 23% (which is actually 30%, if you look into the details) would not bring in enough income, thus increasing the deficit even more over the long haul.

I'm open to the idea, but IMO the hype over the flat tax does not reflect the reality.

saqwarrior

There's nothing exorbitant about what they get paid when you consider the amount of work that they do. I can only begin to give you the vaguest concept of what our Chairman's admin does, but they conduct research, prepare statistical reports, handle information requests, oversee, train and manage lower-level administrative assistants, and much more--all in addition to clerical duties such as receiving correspondence, scheduling meetings, conference calls and travel itineraries, receiving visitors, etc. And they are essentially on-call 24 hours a day 7 days a week for their bosses.

They are far more than what you seem to think they are. I can tell you that our Chairman, Alain Rossmann--the man responsible for WAP and worth something like 6 billion--pays our executive admin a six figure salary. You get what you pay for, and the richest man in the world (not third richest) likely demands excellence from anyone close to him, and is no doubt willing to pay for it.

saqwarrior

On a philosophical level, I dislike the concept of wealth. It's something I'm more than happy to share over a beer or three, but not here... too much to type out.

I haven't read much about the Fair Tax Act, but from what I've read it seems like it would eliminate a lot of the loopholes used to avoid income taxes, which is a good thing, I suppose. I'm generally inclined to support anything that cuts back on money given to the federal government, so I'm kind of biased.

Irrational X

iTrader: (1)

well then you can live off the taxes of middle class for the rest of your life

Superglue WRX

It takes a lot of wealthy people to allow you the comfort of sitting in a house with a cold bottle of beer. Items cost money for a reason.

Without wealth, you still have greed. People have been ****ing over other people since the dawn of time for the sake of greed and self interest. There's no getting around it. At leat in America, everyone has the chance to become that wealthy person. So there's less reason to complain about getting ****ed over by the wealthy and become wealthy yourself.

saqwarrior

I'm well aware that it's a complex issue, driven and affected by many factors--not least of which is human nature. That's why I said I wasn't going to get into it on a forum.

I apreciate your opinions though; thank you.

saqwarrior

You have no idea how much willpower it took to write that instead of getting pulled into a discussion about it.

FW Motorsports