Originally Posted by sirhcyennek81
Yeah. Taxation does not equal stealing. No matter how hard you try to do mental gymnastics to make that claim. However, simply taking more money for the sake of taking it IS stealing.
I find it interesting. Your side constantly harps about jobs going overseas, yet the US has the 2nd highest business tax rate in the world. It apparently has never occured to your side that maybe slashing that tax would actually encourage job growth here...which grows the tax base. Its much easier to just squeeze the wealthy. Then you act indignant when they choose to either not invest in expansion or the market, which brings in diminishing returns. And then your side pushes for tax increases. Leads to fewer jobs, more government spending and a need for more revenue. But of course, saying this cycle is stupid and blaming government for it MUST mean I defend the uberrich plutocracy. You have logic fail.
You are the guy who believes installing a new drain in the basement will stop the flooding in a house but conveniently ignore the giant hole in the roof and the busted pipes in the floor. When you have the giant hole pointed out to you, you blame the previous owners. When the pipes are pointed out to you, you blame the lack of regulation at the pipe making factory. In either case, you still do not fix the problem and instead carp that your neighbors have houses that are not flooding and it would be more fair to have them chip in to pay for your new roof and new pipes.
But I'm sure in response I will get a nonsensical political cartoon or some change of subject.
I'll let you reconcile these three paragraphs and figure out who's stealing from who:
For those unaccustomed to the loopholes and shelters of the corporate tax code, GE's success at avoiding taxes is nothing short of extraordinary. The company, led by Immelt, earned $14.2 billion in profits in 2010, but it paid not a penny in taxes because the bulk of those profits, some $9 billion, were offshore. In fact, GE got a $3.2 billion tax benefit.
The report, “The Sad But True Story Of Wages In America,” by economists Lawrence Mishel and Heidi Shierholz, finds that American workers across the board -- whether in the private or public sector, high school- or college-educated –- "have suffered from decades of stagnating wages despite large gains in productivity." The trend isn’t new, either. Between 1979 and 2009, EPI says, U.S. productivity increased by 80 percent, while the hourly wage of the median worker has only gone up by 10.1 percent.http://www.huffingtonpost.com/2011/0..._n_837814.html
The 22 statistics detailed here prove beyond a shadow of a doubt that the middle class is being systematically wiped out of existence in America...
• Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.
• For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.
• In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.
• As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.
• The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.
• Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.
The rich are getting richer and the poor are getting poorer at a staggering rate. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a blinding pace.