4 ms·

I have great idea. Since poor people can't pay very much in taxes, how about we have required government work programs to make up the difference? IE: you won'

I have great idea. Since poor people can't pay very much in taxes, how about we have required government work programs to make up the difference? IE: you won't get paid, you will work your tax bill off in the form of labor..during your free time and on weekends. Many countries have tried taxing net worth. The result is always the same: billionaires leave the country and investors think twice about building a business there...which means less jobs and a worse-off economy for the rest of us. The government just isn't good at innovating and will waste that money on 'administrative costs'. The funny thing is that the rich already pay the majority of federal taxes in the US. This isn't including all of the people they employ that are also contributing taxes to the government till. It never seems to be enough because all of that money is pissed away and nobody is ever held accountable.

NCWV 7y ago
The upper middle class pay the majority of payroll taxes by far. The wealthy are almost exclusively taxed via dividend and capital gains taxes and at a much lower rate than most of us.
bigmit37 7y ago
Poor people are working two to three jobs to make ends meet, especially single mothers. Being poor is bad enough, have a higher mortality rate now you want to destroy their health? Some of these poor people made poor desicisons (due to how they were raisedin their early life)that still hold them back and have lots of mental problems due to family bringing and the environment they grew up in.
- bernierocks 7y ago
  "Poor people are working two to three jobs to make ends meet, especially single mothers. Being poor is bad enough, have a higher mortality rate now you want to destroy their health" I will say the same thing that many say when they want the middle class and anyone earning money to become more of a slave to the government: They need to pay their fair share. When all of the wealthy people leave, the next ones on the chopping block will be the middle class. Why should everyone successful be punished for making the right decisions in life? "Some of these poor people made poor desicisons (due to how they were raisedin their early life)that still hold them back and have lots of mental problems due to family bringing and the environment they grew up in." This is making lots of assumptions about poor people with no proof to back any of it up. Giving someone free money for making poor decisions will only lead to future generations of people being dependent on government handouts. We need to stop this trend, not continue it.
yummypaint 7y ago
> This isn't including all of the people they employ that are also contributing taxes to the government till. >Since poor people can't pay very much in taxes, how about we have required government work programs to make up the difference? Maybe we should have a living wage. If the threat of wealth taxes is the catalyst that gets us there then good. The extremely wealthy will always hire people to hide their assets and minimize their tax burden regardless of whether the govt implements an appeasement policy. Hoarding capital and removing it from the economy also harms everyone, taxing that effect seems entirely reasonable.
- bernierocks 7y ago
  "Maybe we should have a living wage" We already have a living wage. Amazon is paying at least $15/hour in all their warehouses and many other companies pay well over minimum wage for jobs that require little to no education. The amount of truly minimum wage jobs is miniscule. "If the threat of wealth taxes is the catalyst that gets us there then good" A wealth tax won't get us there. The wealthy will move to a country that has less-restrictive tax laws (and most of these countries would be happy to have the new income) and the customer and the middle class will end up paying more out of their pockets. a "living wage" is always a moving goal post and doesn't really mean anything. If I'm single and have 3 kids to support, my 'living wage' will be much higher than a person that is single with no kids. Why should a company pay for the poor life decisions of all its employees?

NCWV 7y ago

The upper middle class pay the majority of payroll taxes by far. The wealthy are almost exclusively taxed via dividend and capital gains taxes and at a much lower rate than most of us.

bigmit37 7y ago

Poor people are working two to three jobs to make ends meet, especially single mothers. Being poor is bad enough, have a higher mortality rate now you want to destroy their health? Some of these poor people made poor desicisons (due to how they were raisedin their early life)that still hold them back and have lots of mental problems due to family bringing and the environment they grew up in.

bernierocks 7y ago
"Poor people are working two to three jobs to make ends meet, especially single mothers. Being poor is bad enough, have a higher mortality rate now you want to destroy their health" I will say the same thing that many say when they want the middle class and anyone earning money to become more of a slave to the government: They need to pay their fair share. When all of the wealthy people leave, the next ones on the chopping block will be the middle class. Why should everyone successful be punished for making the right decisions in life? "Some of these poor people made poor desicisons (due to how they were raisedin their early life)that still hold them back and have lots of mental problems due to family bringing and the environment they grew up in." This is making lots of assumptions about poor people with no proof to back any of it up. Giving someone free money for making poor decisions will only lead to future generations of people being dependent on government handouts. We need to stop this trend, not continue it.

yummypaint 7y ago

> This isn't including all of the people they employ that are also contributing taxes to the government till. >Since poor people can't pay very much in taxes, how about we have required government work programs to make up the difference? Maybe we should have a living wage. If the threat of wealth taxes is the catalyst that gets us there then good. The extremely wealthy will always hire people to hide their assets and minimize their tax burden regardless of whether the govt implements an appeasement policy. Hoarding capital and removing it from the economy also harms everyone, taxing that effect seems entirely reasonable.

bernierocks 7y ago
"Maybe we should have a living wage" We already have a living wage. Amazon is paying at least $15/hour in all their warehouses and many other companies pay well over minimum wage for jobs that require little to no education. The amount of truly minimum wage jobs is miniscule. "If the threat of wealth taxes is the catalyst that gets us there then good" A wealth tax won't get us there. The wealthy will move to a country that has less-restrictive tax laws (and most of these countries would be happy to have the new income) and the customer and the middle class will end up paying more out of their pockets. a "living wage" is always a moving goal post and doesn't really mean anything. If I'm single and have 3 kids to support, my 'living wage' will be much higher than a person that is single with no kids. Why should a company pay for the poor life decisions of all its employees?