Progarchives.com has always (since 2002) relied on banners ads to cover web hosting fees and all. Please consider supporting us by giving monthly PayPal donations and help keep PA fast-loading and ad-free forever.
Joined: October 16 2006
Location: FL, USA
Status: Offline
Points: 17493
Posted: December 10 2012 at 19:51
I'm obviously in the class that TheDoc defends and wants to be the recipient of redistribution. Yet whenever there are bonuses for performance, they are even more heavily taxed than regular income. So if I or my group over-perform, government gets a bigger cut. So much for giving the hand and promoting success...
Joined: May 29 2006
Location: United States
Status: Offline
Points: 8368
Posted: December 10 2012 at 20:25
The Doctor wrote:
Too late Logan. I've always thought a wealth tax was a brilliant idea.
Yeah, it's a great idea to make farmers sell their land (their only source of income) because their income would be insufficient to pay the tax on all their assets.
Joined: January 09 2008
Location: Kentucky
Status: Offline
Points: 24598
Posted: December 10 2012 at 20:33
I'd wish you luck on a wealth tax.
1) Good luck defining "wealth".
2) Assuming The Doc is referring to all assets somebody owns (correct me if I'm wrong though), then you would effectively destroy any potential for economic prosperity for any human being.
You're going to have to explain how your version of a wealth tax would work, because the thought of one sounds ludicrous to me.
Joined: April 21 2005
Location: Boston, MA
Status: Offline
Points: 16889
Posted: December 10 2012 at 20:53
horsewithteeth11 wrote:
I'd wish you luck on a wealth tax.
1) Good luck defining "wealth".
2) Assuming The Doc is referring to all assets somebody owns (correct me if I'm wrong though), then you would effectively destroy any potential for economic prosperity for any human being.
You're going to have to explain how your version of a wealth tax would work, because the thought of one sounds ludicrous to me.
Look at the other wealth taxes across the world in countries like France, India, Switzerland, etc. It's just a levy on wealth exceeding a certain amount. Wouldn't effect most people at all.
Joined: January 09 2008
Location: Kentucky
Status: Offline
Points: 24598
Posted: December 10 2012 at 21:04
King of Loss wrote:
horsewithteeth11 wrote:
I'd wish you luck on a wealth tax.
1) Good luck defining "wealth".
2) Assuming The Doc is referring to all assets somebody owns (correct me if I'm wrong though), then you would effectively destroy any potential for economic prosperity for any human being.
You're going to have to explain how your version of a wealth tax would work, because the thought of one sounds ludicrous to me.
Look at the other wealth taxes across the world in countries like France, India, Switzerland, etc. It's just a levy on wealth exceeding a certain amount. Wouldn't effect most people at all.
So basically an income tax based on all your assets?
I still don't like the sound of it. I think like Logan said, you'd see a lot more farmers sell their land, not to mention I think you would definitely see more people who fall in that tax category move elsewhere.
Joined: April 21 2005
Location: Boston, MA
Status: Offline
Points: 16889
Posted: December 10 2012 at 21:09
horsewithteeth11 wrote:
King of Loss wrote:
horsewithteeth11 wrote:
I'd wish you luck on a wealth tax.
1) Good luck defining "wealth".
2) Assuming The Doc is referring to all assets somebody owns (correct me if I'm wrong though), then you would effectively destroy any potential for economic prosperity for any human being.
You're going to have to explain how your version of a wealth tax would work, because the thought of one sounds ludicrous to me.
Look at the other wealth taxes across the world in countries like France, India, Switzerland, etc. It's just a levy on wealth exceeding a certain amount. Wouldn't effect most people at all.
So basically an income tax based on all your assets?
I still don't like the sound of it. I think like Logan said, you'd see a lot more farmers sell their land, not to mention I think you would definitely see more people who fall in that tax category move elsewhere.
Joined: December 25 2011
Location: internet
Status: Offline
Points: 2549
Posted: December 10 2012 at 21:17
King of Loss wrote:
horsewithteeth11 wrote:
King of Loss wrote:
horsewithteeth11 wrote:
I'd wish you luck on a wealth tax.
1) Good luck defining "wealth".
2) Assuming The Doc is referring to all assets somebody owns (correct me if I'm wrong though), then you would effectively destroy any potential for economic prosperity for any human being.
You're going to have to explain how your version of a wealth tax would work, because the thought of one sounds ludicrous to me.
Look at the other wealth taxes across the world in countries like France, India, Switzerland, etc. It's just a levy on wealth exceeding a certain amount. Wouldn't effect most people at all.
So basically an income tax based on all your assets?
I still don't like the sound of it. I think like Logan said, you'd see a lot more farmers sell their land, not to mention I think you would definitely see more people who fall in that tax category move elsewhere.
IRS will get you regardless of where you move...
The very idea of a wealth tax (property taxes, too) is appalling to me. I quite understand the notion that everyone should have to contribute a portion of what they earn to support the functioning of the government and the programs it is responsible for. When taxation becomes theft, in my opinion, is when the government starts taxing you on the things you've already earned or paid for.
Joined: May 29 2006
Location: United States
Status: Offline
Points: 8368
Posted: December 10 2012 at 21:19
Ambient Hurricanes wrote:
The very idea of a wealth tax (property taxes, too) is appalling to me. I quite understand the notion that everyone should have to contribute a portion of what they earn to support the functioning of the government and the programs it is responsible for. When taxation becomes theft, in my opinion, is when the government starts taxing you on the things you've already earned or paid for.
An excellent point. Property and wealth taxes essentially deny the idea that a private citizen can truly own anything. Under these systems, people are merely leasing their property from the government, and if they fall behind in their rent, they lose the right to use it.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum
This page was generated in 0.645 seconds.
Donate monthly and keep PA fast-loading and ad-free forever.