Subject:
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Re: US finds evidence of WMD at last !
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Sun, 1 Jun 2003 02:19:58 GMT
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Viewed:
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363 times
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A. I'm actually in favor of less taxation, but that it is not the way our
system is currently structured and I am not going to hold my breath waiting for
a change.
B. I don't want to get mired in a discussion about what is 'income' v.
'capital' -- although I have issues with the current enforced definitions
maintained by the IRS and your state taxing agency. But let us use these
troubled definitions for the sake of ease (and because it is the de facto
reality of the situation): capital is what you already own, income is what you
are bringing in as some kind of increase or wage. That's the way taxes are
applied and enforced.
So...
In lugnet.off-topic.debate, Larry Pieniazek wrote:
> For a while... but not for long. Do your research. Confiscatory taxes kill
> off growth.
How is a fair increase on a wealthy person's income confiscatory? I could see
where it might encourage pulling back from further wealth creation, but then why
not invest the money anyway? One can let it sit and do nothing, or use it and
get taxed a lot but still come out ahead. What exactly is your beef here?
> Not for long. Once the rich were mined out, what then?
What do you mean by mined out? How exactly would they lose their original
wealth, or capital?
> I'd call you a wannabe thief if I was feeling grumpier. The thing most
> people forget about the Robin Hood legend is that he was taking ill gotten
> gains from criminals and giving them to the very people they were stolen
> from.
I see only procedural differences between common criminality and much of what
the govt. and many large corporations do today. How is paying out investor
money as golden parachutes to the "entitlement" class of CEOs not theft? How is
SEC blanket acceptance of corporate earnings fraud not theft? How was Enron not
theft? How is using taxpayer money fighting a unnecessary war to make money for
your buddies (and maybe some offshore kickbacks) not theft? Frankly, how is our
system of currency not theft? How is (bankrupt) SS not theft?
We pay taxes like socialists, and get zero value for the money. That's our
current brand of capitalism. All the bad traits of a conflation of
contradictory political systems, and almost none of the good ones.
Theory v. reality.
I have fought long and hard in my life for theory that will never come to pass.
Now I am coming to grips with reality. How about you, Lar?
We could daydream forever, but where does that get us?
-- Hop-Frog
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Message is in Reply To:
 | | Re: US finds evidence of WMD at last !
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| (...) For a while... but not for long. Do your research. Confiscatory taxes kill off growth. (...) Not for long. Once the rich were mined out, what then? (...) Depends on what you mean. Do I want to see otherwise virtuous people who had some (...) (21 years ago, 31-May-03, to lugnet.off-topic.debate)
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