The Soapbox

TomGlansAski

Joined: 12/05/2017 Posts: 30856
Likes: 56896


That makes two of us. What I'm annoyed about is different though. It's


people who say the rich pay the vast majority of taxes and therefore are paying plenty. You know what, the rich also have the vast majority of disposable income.

Pretax disposable income (i.e., what's left over after one has covered some reasonable living expenses) is a more reasonable benchmark when looking at share of tax burden. The rich have a very high share of the disposable income and people at the bottom have very little. So the rich should pay much more and it's ok for a large number of people at the bottom to pay little or nothing if that reflects their disposable income.

And btw, I'm speaking as someone who has benefited from lower tax rates and from a lower rate on dividends. So I'm speaking not in self-interest, but in the interest of designing something that is both fair and gives people at the top end of the scale an incentive to remain productive.

You also reference a "canard" and say you hate when people pretend that is not the case that the rich don't pay most of the taxes. Show me where I said they don't. My point is they can afford to -- and can afford to pay more (whereas poor people cannot). So I am tired of the canard that rich people are somehow being victimized when higher taxes are proposed. The percentage of wealth owned by the top 1% and top 10% in this country has grown for decades and shows no sign of stopping. The rich are not facing hard times.
[Post edited by TomGlansAski at 10/21/2021 12:04PM]

(In response to this post by BocaHoo91)

Posted: 10/21/2021 at 11:59AM



+1

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Current Thread:
  Not really, he just wants to return it to normal ** -- GoochlandHoo 10/21/2021 09:51AM
  Without commenting on whether this makes sense, -- fphoo 10/21/2021 08:21AM
  What are the millionaire tax breaks? ** -- BocaHoo91 10/21/2021 08:07AM
  The trump tax cuts that have the “rich” -- BocaHoo91 10/21/2021 11:40AM
  I'm not so sure people on this board are experts -- GoochlandHoo 10/21/2021 09:50AM
  This is all about defer, defer, defer. -- BocaHoo91 10/21/2021 12:26PM
  Yes. And when you’re worth billions -- BocaHoo91 10/21/2021 12:55PM
  I presume he's referring to... -- PBCHoo 10/21/2021 09:27AM
  What’s the difference? -- BocaHoo91 10/21/2021 3:00PM
  I'm not disagreeing with you. -- PBCHoo 10/21/2021 09:45AM
  Yeah, I just get annoyed with the whole -- BocaHoo91 10/21/2021 11:22AM
  It’s not that I think the rich are -- BocaHoo91 10/21/2021 12:38PM
  I think it’s fair they pay more. -- BocaHoo91 10/21/2021 1:00PM

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